Behind the Rise in Prices: The Plan to Torpedo the Dollar

Dandelion Salad

by Danny Schechter
May 19, 2008

Who do you think was one of the Bush Administration’s key players on the economy?

If you say Paulson or Bernanke, you might be half right. But there’s another no-name lurking around in the background who tends to be doing the wrong thing at every key moment in the covert history of the Bush (or should we day “Bush League”) Republic.

His name is Jim Wilkinson. He helped organize the GOP “protest”/obstruction of the Miami election recount in 2000. He was the White House’s key media spinner at the Doha Coalition Media Center in 2003. A reporter from Texas said he used techniques first perfected by Stalin. He was an architect of the Republican convention in New York in 2004. He was later dispatched to keep an eye on, and act as “dissembler-in-chief” for Condi Rice.

But at a crucial moment in the history of the Western world, Mr. “I work in the shadows” Wilkinson became chief of staff to Treasury Secretary Hank Paulson, the Goldman Sachs embed in the Cabinet.

Operative Wilkinson was then given the assignment of monitoring the world’s financial markets in a secret operation modeled no doubt on the great intelligence plan that produced the Iraq War.

His qualifications for this historic role?

See above.

As Mike Whitney reported for Information Clearing House at the end of October in 2006 — a day before Halloween — the US was then engineering the drop in the dollar to “improve competitiveness” — i.e. subsidize US exports in a flawed attempt to reduce the growing balance of trade gap. Was it a trick or treat? Read on.

The result was summed up in his headline: “The U.S. Dollar is kaput. Confidence in the currency is eroding by the day.”

Whitney saw then what our media has still yet to report or understand.


FAIR USE NOTICE: This blog may contain copyrighted material. Such material is made available for educational purposes, to advance understanding of human rights, democracy, scientific, moral, ethical, and social justice issues, etc. This constitutes a ‘fair use’ of any such copyrighted material as provided for in Title 17 U.S.C. section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission from the copyright owner.


The Dollar’s Full-System Meltdown By Mike Whitney (econ)



2 thoughts on “Behind the Rise in Prices: The Plan to Torpedo the Dollar

  1. Pingback: Numbers Racket - Why the economy is worse than we know « Dandelion Salad

Comments are closed.