There's an interesting quid pro quo analysis at FXstreet of recent resignations at the Fed, the fall of the dollar, the coming invasion of Iran, and the recent ports deal with DPW. No doubt trading ports makes very good sense. But, can it be as simple as quid pro quo? I don't think so.
Turnover continues at the top posts of the Federal Reserve, and the inexperience we find leading this institution is alarming at a crucial time when U.S. monetary policy is going where no man has gone before, where the U.S. Dollar's status as the world's currency reserve is about to be whacked.The author makes some very good points. But, has anyone considered who runs DPW?
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Fed Governors and Regional Bank Presidents are treated like gods. They have enormous power, prestige, and presence. Why quit? Why the wholesale resignations? Could it have to do with what's coming down the pike? . . . Could it be that the previous cadre of Fed leaders do not have the stomach for what is about to go down?
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The last time a Middle Eastern nation announced it was going to accept only Euros for oil, President Bush ordered the invasion of that country . . . Next on the agenda may be Iran.
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Now we find out this week, stunningly, that this Republican administration has not only agreed to hand over management of six of America's key seaports to a state-owned business in the United Arab Emirates, Dubois Ports, but when Republican Congressional leadership said it wanted a delay to study the decision and would pass legislation to accomplish this, Bush came out as passionate as we have ever seen him that he would veto any such legislation, that this deal will go through, like it or not. Bush has never vetoed any legislation in his six years in office, but he is ready to veto this one?
Why? What's the rush? Take a look at the following map. The United Arab Emirates just happens to be directly south of Iran, and on the opposite bank of the strategic Strait of Hormuz (or Ormuz). Quid pro quo? Are U.S. troops, warplanes, and Naval vessels headed for the United Arab Emirates in exchange for the collateral of United Arab Emirates' occupation of our U.S. seaports?
Dubai, 24 January 2006: - Global ports operator DP World today welcomed news that one of its senior executives, Dave Sanborn, has been nominated by US President George W. Bush to serve as Maritime Administrator a key transportation appointment reporting directly to Norman Mineta the Secretary of Transportation and Cabinet Member.So, this guy Dave after having spent, what, less than a year at DPW, gets nominated for a top maritime position by BUSH, after which Bush immediately announces a major deal between the US and the company his maritime nominee just left??? (It's not clear that he was confirmed yet.)
The White House has issued a statement from Washington DC announcing the nomination. The confirmation process will begin in February.
Mr Sanborn currently holds the position of Director of Operations for Europe and Latin America for the Dubai-based company
Mohammed Sharaf, CEO, DP World said:
“While we are sorry to lose such an experienced and capable executive, it is exactly those qualities that will make Dave an effective administrator for MarAd. We are proud of Dave’s selection and pleased that the Bush Administration found such a capable executive. We wish him all the best in his new role.”
Ted Bilkey, Chief Operating Officer, DP World said:
“Dave’s decades of experience in markets around the world, together with his passion for the industry and commitment to its development, will allow him to make a positive contribution to the work of the Maritime Administration. We wish him well for the future.”
Mr Sanborn, a graduate of The United States Merchant Maritime Academy, joined DP World in 2005. He previously held senior roles with shipping lines CMA-CGM (Americas), APL Ltd and Sea-Land and has been based, besides the US, in Brazil, Europe, Hong Kong and Dubai during his career. He has also served in the US Naval Reserve.
There is more to this than meets the eye. Someone with Dave's background does not not seamlessly float through such a high profile position in a huge company for such a short period of time, and then end up with a high profile nomination in the US government BY CHANCE. This is part of a complex plan.
Is this quid pro quo? Or are these coporate entities all part of one overarching global command and control center?