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	<title>Comments on: Mauritius Embraces IMF Gold, China Embraces Moral Sentiments</title>
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	<link>http://maxkeiser.com/2009/11/17/mauritius-embraces-imf-gold-china-embraces-moral-sentiments/</link>
	<description>Financial War Reports</description>
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		<title>By: Danny</title>
		<link>http://maxkeiser.com/2009/11/17/mauritius-embraces-imf-gold-china-embraces-moral-sentiments/#comment-48198</link>
		<dc:creator>Danny</dc:creator>
		<pubDate>Tue, 17 Nov 2009 14:38:19 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3743#comment-48198</guid>
		<description>Mauritius is where those poor Diego Garcians are now living...</description>
		<content:encoded><![CDATA[<p>Mauritius is where those poor Diego Garcians are now living&#8230;</p>
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		<title>By: Richard@lattitude30N</title>
		<link>http://maxkeiser.com/2009/11/17/mauritius-embraces-imf-gold-china-embraces-moral-sentiments/#comment-48155</link>
		<dc:creator>Richard@lattitude30N</dc:creator>
		<pubDate>Tue, 17 Nov 2009 12:51:57 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3743#comment-48155</guid>
		<description>@Sherbert: an excellent discussion panel on Al-Jezerra TV ( Eng) now with Jeremy Scahill, Gen(ret) Jack Keane and others...topic : Afghanistan</description>
		<content:encoded><![CDATA[<p>@Sherbert: an excellent discussion panel on Al-Jezerra TV ( Eng) now with Jeremy Scahill, Gen(ret) Jack Keane and others&#8230;topic : Afghanistan</p>
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		<title>By: frances snoot</title>
		<link>http://maxkeiser.com/2009/11/17/mauritius-embraces-imf-gold-china-embraces-moral-sentiments/#comment-48146</link>
		<dc:creator>frances snoot</dc:creator>
		<pubDate>Tue, 17 Nov 2009 12:30:09 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3743#comment-48146</guid>
		<description>&quot;It will take time for the population to realise that the role of the state is not to fiddle with prices. Similarly, the time will also come when people will accept the notion that real wages should only increase with productivity, when exporting firms will come to terms with the fact that, in the long run, there is no such thing as an undervalued currency and when government and central bank will agree that the latter’s role is simply to combat inflation and not to help ‘collecting’ the inflation tax. In short, the ‘real’ has to be chosen over the ‘artificial’ and the ‘temporary’. The country is moving in this direction. Until then, Mauritius remains a one-time-lucky, middle-income nation.&quot;

http://fazeer.wordpress.com/2007/06/03/imf/

Why not just CALL IT colonialism?  France elite benefits?</description>
		<content:encoded><![CDATA[<p>&#8220;It will take time for the population to realise that the role of the state is not to fiddle with prices. Similarly, the time will also come when people will accept the notion that real wages should only increase with productivity, when exporting firms will come to terms with the fact that, in the long run, there is no such thing as an undervalued currency and when government and central bank will agree that the latter’s role is simply to combat inflation and not to help ‘collecting’ the inflation tax. In short, the ‘real’ has to be chosen over the ‘artificial’ and the ‘temporary’. The country is moving in this direction. Until then, Mauritius remains a one-time-lucky, middle-income nation.&#8221;</p>
<p><a href="http://fazeer.wordpress.com/2007/06/03/imf/" rel="nofollow">http://fazeer.wordpress.com/2007/06/03/imf/</a></p>
<p>Why not just CALL IT colonialism?  France elite benefits?</p>
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		<title>By: Donkerdoorn</title>
		<link>http://maxkeiser.com/2009/11/17/mauritius-embraces-imf-gold-china-embraces-moral-sentiments/#comment-48140</link>
		<dc:creator>Donkerdoorn</dc:creator>
		<pubDate>Tue, 17 Nov 2009 12:10:58 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3743#comment-48140</guid>
		<description>Have you goldbugs ever heard the &quot;deep storage gold&quot; + &quot;Quality Swap&quot; conspiracy?

Check this out:
Rob Kirby took a look at the &quot;deep storage gold&quot; of the US Treasury and the &quot;swaps&quot; that take place. 

http://www.marketoracle.co.uk/Article661.html

http://zapruder.nl/portal/artikel/goochelen_met_goud_waar_is_goud_in_fort_knox_gebleven/ (in Dutch but you can click blue links)

So what is the treasury actually auditing in Fort Knox?

And do they ever adjust gold bookvalue at the treasury? 
Check:  http://www.fms.treas.gov/GOLD/current.html</description>
		<content:encoded><![CDATA[<p>Have you goldbugs ever heard the &#8220;deep storage gold&#8221; + &#8220;Quality Swap&#8221; conspiracy?</p>
<p>Check this out:<br />
Rob Kirby took a look at the &#8220;deep storage gold&#8221; of the US Treasury and the &#8220;swaps&#8221; that take place. </p>
<p><a href="http://www.marketoracle.co.uk/Article661.html" rel="nofollow">http://www.marketoracle.co.uk/Article661.html</a></p>
<p><a href="http://zapruder.nl/portal/artikel/goochelen_met_goud_waar_is_goud_in_fort_knox_gebleven/" rel="nofollow">http://zapruder.nl/portal/artikel/goochelen_met_goud_waar_is_goud_in_fort_knox_gebleven/</a> (in Dutch but you can click blue links)</p>
<p>So what is the treasury actually auditing in Fort Knox?</p>
<p>And do they ever adjust gold bookvalue at the treasury?<br />
Check:  <a href="http://www.fms.treas.gov/GOLD/current.html" rel="nofollow">http://www.fms.treas.gov/GOLD/current.html</a></p>
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		<title>By: frances snoot</title>
		<link>http://maxkeiser.com/2009/11/17/mauritius-embraces-imf-gold-china-embraces-moral-sentiments/#comment-48136</link>
		<dc:creator>frances snoot</dc:creator>
		<pubDate>Tue, 17 Nov 2009 11:55:58 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3743#comment-48136</guid>
		<description>I feel sorry for the soldiers, I think there naive, who would want to be the last body bagged soldier, in a poorly explained war ?

@Fibon11235:

I don&#039;t feel any pity AT ALL for anyone supporting the wars out of the UN Security council: the Team USA/Nato is completely guilty of fighting for the furtherance of corporate privilege through dismantling culture, sovereign governments, through genocide, through rape and pillage, through whatever means necessary up to and including the Boy Scouts of America.  It is the fault of an individual for his own acts: there is no collective guilt.

It is criminal.</description>
		<content:encoded><![CDATA[<p>I feel sorry for the soldiers, I think there naive, who would want to be the last body bagged soldier, in a poorly explained war ?</p>
<p>@Fibon11235:</p>
<p>I don&#8217;t feel any pity AT ALL for anyone supporting the wars out of the UN Security council: the Team USA/Nato is completely guilty of fighting for the furtherance of corporate privilege through dismantling culture, sovereign governments, through genocide, through rape and pillage, through whatever means necessary up to and including the Boy Scouts of America.  It is the fault of an individual for his own acts: there is no collective guilt.</p>
<p>It is criminal.</p>
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		<title>By: frances snoot</title>
		<link>http://maxkeiser.com/2009/11/17/mauritius-embraces-imf-gold-china-embraces-moral-sentiments/#comment-48134</link>
		<dc:creator>frances snoot</dc:creator>
		<pubDate>Tue, 17 Nov 2009 11:51:27 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3743#comment-48134</guid>
		<description>@All:
Questions from the Neophyte Chambers:

How do voting rights in the new G20 political structure correlate to trade privileges: how do sdr allotments correlate to voting rights at the IMF governing board?

Mauritius: has forex increased sdr allotment through the gold &#039;sale&#039;?

Is gold denominated in sdr or dollars for the IMF sales?  Remember, the IMF bonds are denominated in sdr.  If sdr, then how will the price of gold in dollars meet any support in eventuality?

What does the sdr represent: draws on other currencies within the basket through the auspices of the IMF allotment accounts, draw on IMF gold (Treasury gold is drawn at 43 dollars an ounce), trade privilege within the IMF board voting rights,
bond denomination for IMF bonds, sdr-denominated financial instruments for select companies?

Interest is paid the IMF when allotment of sdrs by a country dips below an prescribed formula.  Who prescribes this formula (I assume the governing board).

At this point, the IMF gold &#039;sales&#039; support the sdr most specifically with a support under a gold price denominated in dollars which is not supported by the sdr advancement.

Right?</description>
		<content:encoded><![CDATA[<p>@All:<br />
Questions from the Neophyte Chambers:</p>
<p>How do voting rights in the new G20 political structure correlate to trade privileges: how do sdr allotments correlate to voting rights at the IMF governing board?</p>
<p>Mauritius: has forex increased sdr allotment through the gold &#8216;sale&#8217;?</p>
<p>Is gold denominated in sdr or dollars for the IMF sales?  Remember, the IMF bonds are denominated in sdr.  If sdr, then how will the price of gold in dollars meet any support in eventuality?</p>
<p>What does the sdr represent: draws on other currencies within the basket through the auspices of the IMF allotment accounts, draw on IMF gold (Treasury gold is drawn at 43 dollars an ounce), trade privilege within the IMF board voting rights,<br />
bond denomination for IMF bonds, sdr-denominated financial instruments for select companies?</p>
<p>Interest is paid the IMF when allotment of sdrs by a country dips below an prescribed formula.  Who prescribes this formula (I assume the governing board).</p>
<p>At this point, the IMF gold &#8216;sales&#8217; support the sdr most specifically with a support under a gold price denominated in dollars which is not supported by the sdr advancement.</p>
<p>Right?</p>
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		<title>By: gb</title>
		<link>http://maxkeiser.com/2009/11/17/mauritius-embraces-imf-gold-china-embraces-moral-sentiments/#comment-48131</link>
		<dc:creator>gb</dc:creator>
		<pubDate>Tue, 17 Nov 2009 11:46:33 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3743#comment-48131</guid>
		<description>starstrike -  well said</description>
		<content:encoded><![CDATA[<p>starstrike &#8211;  well said</p>
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		<title>By: starstrike</title>
		<link>http://maxkeiser.com/2009/11/17/mauritius-embraces-imf-gold-china-embraces-moral-sentiments/#comment-48128</link>
		<dc:creator>starstrike</dc:creator>
		<pubDate>Tue, 17 Nov 2009 11:32:17 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3743#comment-48128</guid>
		<description>Those who think the USofA rules over the Anglo part of the establishment are very much mistaken. The US is the the necessary evil military empire of the establishement. The biggest mistake is to believe the pantomime in the media. The USA is but a colony of the global empire with the source of power remaining firmly in the old world.</description>
		<content:encoded><![CDATA[<p>Those who think the USofA rules over the Anglo part of the establishment are very much mistaken. The US is the the necessary evil military empire of the establishement. The biggest mistake is to believe the pantomime in the media. The USA is but a colony of the global empire with the source of power remaining firmly in the old world.</p>
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		<title>By: Fibon11235</title>
		<link>http://maxkeiser.com/2009/11/17/mauritius-embraces-imf-gold-china-embraces-moral-sentiments/#comment-48125</link>
		<dc:creator>Fibon11235</dc:creator>
		<pubDate>Tue, 17 Nov 2009 11:20:03 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3743#comment-48125</guid>
		<description>How about exchanging banker-politicians for soldiers.  all soldiers come home alive and banker-politicians stay out and fight .

I feel sorry for the soldiers, I think there  naive, who would want to be the last body bagged soldier, in a poorly explained war ?

Playing politics with election promises lies for lives, nice one, Labour Tories Libs  the system stinks. Stuffing your faces while people die.</description>
		<content:encoded><![CDATA[<p>How about exchanging banker-politicians for soldiers.  all soldiers come home alive and banker-politicians stay out and fight .</p>
<p>I feel sorry for the soldiers, I think there  naive, who would want to be the last body bagged soldier, in a poorly explained war ?</p>
<p>Playing politics with election promises lies for lives, nice one, Labour Tories Libs  the system stinks. Stuffing your faces while people die.</p>
]]></content:encoded>
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		<title>By: Max Power</title>
		<link>http://maxkeiser.com/2009/11/17/mauritius-embraces-imf-gold-china-embraces-moral-sentiments/#comment-48124</link>
		<dc:creator>Max Power</dc:creator>
		<pubDate>Tue, 17 Nov 2009 11:15:21 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3743#comment-48124</guid>
		<description>=========
Adam Smith taught at Glasgow University – where I failed Maths and Physics
=========

Doing badly at maths and physics in an American university does not carry that much shame as the K-12 education system completely collapsed in the 1980s.

Maths and Physics eduction in the US is some of the worst ever, and unless you have an adequate chemistry teacher then chemistry is 3rd.

Universities in the USA (the UK, I have no idea here) are top loaded with top paying forien students from mostly Asia with drabs from Eastern Europe, Africa, Americas and Australasia.

These foreign students already have taken 2 or 3 calculus classes before they take Calculus II or II in the USA ... and the domestic students (even the few that got Calculus and Physics in High School) CANNOT COMPETE.

Even as late as 1988 high schools in Vermont were teaching Physics using the English System, not the defacto Metric. Needless to say, you come totally unprepared for university physics.

The collapse of American capitalism or socialism can be traced not only to peak oil but peak nepotism in the American schools.

Of peak nepotism, MK and bird know not a jot.</description>
		<content:encoded><![CDATA[<p>=========<br />
Adam Smith taught at Glasgow University – where I failed Maths and Physics<br />
=========</p>
<p>Doing badly at maths and physics in an American university does not carry that much shame as the K-12 education system completely collapsed in the 1980s.</p>
<p>Maths and Physics eduction in the US is some of the worst ever, and unless you have an adequate chemistry teacher then chemistry is 3rd.</p>
<p>Universities in the USA (the UK, I have no idea here) are top loaded with top paying forien students from mostly Asia with drabs from Eastern Europe, Africa, Americas and Australasia.</p>
<p>These foreign students already have taken 2 or 3 calculus classes before they take Calculus II or II in the USA &#8230; and the domestic students (even the few that got Calculus and Physics in High School) CANNOT COMPETE.</p>
<p>Even as late as 1988 high schools in Vermont were teaching Physics using the English System, not the defacto Metric. Needless to say, you come totally unprepared for university physics.</p>
<p>The collapse of American capitalism or socialism can be traced not only to peak oil but peak nepotism in the American schools.</p>
<p>Of peak nepotism, MK and bird know not a jot.</p>
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		<title>By: gb</title>
		<link>http://maxkeiser.com/2009/11/17/mauritius-embraces-imf-gold-china-embraces-moral-sentiments/#comment-48116</link>
		<dc:creator>gb</dc:creator>
		<pubDate>Tue, 17 Nov 2009 10:52:59 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3743#comment-48116</guid>
		<description>&quot;... Goldman Sachs plans to market a new financial instrument that will allow banks to reduce the capital required to hold risky assets on their balance sheets. Goldman calls this product &quot;insurance&quot; and expects to sell it to the banks with toxic portfolios, enabling them to shift the risk off their balance sheets....&quot;

The Nation
The Money Man&#039;s Best Friend 
http://www.thenation.com/doc/20091130/greider/single

next step belly-button lint!</description>
		<content:encoded><![CDATA[<p>&#8220;&#8230; Goldman Sachs plans to market a new financial instrument that will allow banks to reduce the capital required to hold risky assets on their balance sheets. Goldman calls this product &#8220;insurance&#8221; and expects to sell it to the banks with toxic portfolios, enabling them to shift the risk off their balance sheets&#8230;.&#8221;</p>
<p>The Nation<br />
The Money Man&#8217;s Best Friend<br />
<a href="http://www.thenation.com/doc/20091130/greider/single" rel="nofollow">http://www.thenation.com/doc/20091130/greider/single</a></p>
<p>next step belly-button lint!</p>
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		<title>By: David</title>
		<link>http://maxkeiser.com/2009/11/17/mauritius-embraces-imf-gold-china-embraces-moral-sentiments/#comment-48108</link>
		<dc:creator>David</dc:creator>
		<pubDate>Tue, 17 Nov 2009 10:19:22 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3743#comment-48108</guid>
		<description>Adam Smith taught at Glasgow University - where I failed Maths and Physics :-(</description>
		<content:encoded><![CDATA[<p>Adam Smith taught at Glasgow University &#8211; where I failed Maths and Physics <img src='http://maxkeiser.com/wp-includes/images/smilies/icon_sad.gif' alt=':-(' class='wp-smiley' /> </p>
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		<title>By: Max Power</title>
		<link>http://maxkeiser.com/2009/11/17/mauritius-embraces-imf-gold-china-embraces-moral-sentiments/#comment-48103</link>
		<dc:creator>Max Power</dc:creator>
		<pubDate>Tue, 17 Nov 2009 10:01:27 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3743#comment-48103</guid>
		<description>Ironically I think I either saw or posted a link to the Revere Bank of Mauritius only about a week ago.

Who knew they would buy Gold.

There are at least 2 Indian Ocean islands that are important offshore banking centres, so that should not suprize me.</description>
		<content:encoded><![CDATA[<p>Ironically I think I either saw or posted a link to the Revere Bank of Mauritius only about a week ago.</p>
<p>Who knew they would buy Gold.</p>
<p>There are at least 2 Indian Ocean islands that are important offshore banking centres, so that should not suprize me.</p>
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		<title>By: TJ</title>
		<link>http://maxkeiser.com/2009/11/17/mauritius-embraces-imf-gold-china-embraces-moral-sentiments/#comment-48099</link>
		<dc:creator>TJ</dc:creator>
		<pubDate>Tue, 17 Nov 2009 09:40:20 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3743#comment-48099</guid>
		<description>Mauritius has legions of Swiss expatriates who bought land or condos. And it&#039;s well isolated for weathering the coming storm.

The lesson? Buy gold wherever you can find it!</description>
		<content:encoded><![CDATA[<p>Mauritius has legions of Swiss expatriates who bought land or condos. And it&#8217;s well isolated for weathering the coming storm.</p>
<p>The lesson? Buy gold wherever you can find it!</p>
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