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In 1974 Nixon liberated the dollar from Gold reserves. The U.S. dollar is an experimental economy based on waht is known as fiat currency.

Like Wall Street, it is based more on faith than reality. More than 90% of modern economic transactions are speculative. 80% of those transactions are "investments" that last no more than a week. Less than 10% of all economic exchange today involves the actual trading of goods and services.

When will the bubble pop?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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The Dow Jones 30

(April, 2003)

 

 

3M

Close ties to corporate think-tanks Heritage Foundation and

Harvard Center for Risk Analysis

AT&T

Bush/Republican financer, Military contractor

Alcoa (Aluminum Company of America)

Alcoa's chairman, Paul O'Neill, is Bush's Secretary of the Treasury

American Express

Engaged in secret FTAA (Free Trade Area of the Americas) negotiations

Boeing

Bush/Republican financer, Military contractor

Caterpillar

Sells home-raizing equipment to Israel

Citigroup

Bush/Republican financer

Coca-Cola

Bush/Republican financer

DuPont

Bush/Republican financer

Eastman Kodak

Bush/Republican financer

Exxon Mobil

Bush/Republican financer, Military contractor

General Electric

Bush/Republican financer, Military contractor

General Motors

Bush/Republican financer, Military contractor

Hewlett-Packard

Military contractor

Home Depot

Bush/Republican financer

Honeywell International

Bush/Republican financer, Military contractor

IBM

Bush/Republican financer, Military contractor

Intel

Bush/Republican financer

International Paper

Bush/Republican financer

JP Morgan

Bush/Republican financer

Johnson & Johnson

Involved in gene technology

McDonalds

Transnational anti-union corporation that

Merck & Co

Bush/Republican financer

Microsoft

Bush/Republican financer

Philip Morris

Bush/Republican financer

Procter & Gamble

Military contractor

SBC Communications

Bush/Republican financer

United Technologies

Bush/republican financer, Military contractor

Wal-Mart Stores

Bush/Republican financer

Walt Disney

Bush/Republican financer

 

Sources: Open Secrets, NWFusion and others

 

Note: Some of the companies listed above as Bush/ republican financers also gavemoney to the Democrats. Such "hedging" of one's bets is not unusual in the corporate battle for political influence.