-Caveat Lector- CONFIRMED: DOLLAR THREATENED ============================ (CNNS, 01/14/99) -- On May 5, 1994, Larry Nichols, former marketing director of the Arkansas Development and Finance Authority (ADFA), gave an interview to Tom Donahue, then the host of a radio show called "America's Town Forum." Nichols, at that time, had been advocating the case of the then-unknown Paula Corbin Jones. In Nichols' interview with Donahue, he discussed how his advocacy of the Jones case had led to worried calls from Wall Street: LARRY NICHOLS: ... I got 5 calls from Wall Street, whatever you call 'em, brokerage firm people, wanting to know if the Paula Jones suit was gonna be filed. And I said, "Yes, I believe it is." They said, "Well you can't do that, basically, because the dollar versus the yen," (whatever that means), "is like at 100 and, one more scandal is going to destroy the dollar- yen whatever." [CN 1.42] The Wall Street callers were worried that the explosion of a scandal connected with the Clinton presidency might weaken the Dollar. Recently, the case of Danny Williams, rumored to be the illegitimate son of Bill Clinton, was much in the news. When results from DNA tests indicated that Bill Clinton was not the father of Danny Williams, it is apparent that this was good news for the strength of the Dollar. Had the DNA tests shown Clinton as the father of Danny Williams, the resultant public distress probably would have weakened the Dollar on world markets. The question arises as to whether, to preserve the value of the Dollar, the Danny Williams DNA tests were "fudged." In a CNNS press release dated Jan. 6, 1999, we reported on information received by "Ru Mills" (pseudonym), in which one of her sources had informed her that, with the inauguration of the new European currency, the "Euro," Federal Reserve Notes -- the Dollar -- were in trouble. CNNS in that press release contemplated a "dollar crash." ["'Euro' Bound To Impact World Economies," CNNS, 1/6/99] A "dollar crash" would, in effect, be a drastic devaluation of the Dollar. Such monetary devaluations have recently occurred in Russia, Mexico, and now in Brazil. With the monetary unit worth less, that translates into a major price increase for goods. So, for example, were the U.S. Dollar to crash, a gallon of milk now costing $2.50 might instead suddenly cost $5.00. In a CNNS press release dated Jan. 9, 1999, we again warned of the possibility of a crash in the Dollar. Treasury Secretary Robert Rubin has pledged that the U.S. will support the Dollar, but market forces are ultimately more powerful than even the mighty Treasury Secretary. Now, an article in The Nation magazine corroborates earlier-stated fears that the Dollar could be forced into a drastic decline. In "The Dollar's Day Of Reckoning," Lester C. Thurow, a professor of management and economics at M.I.T. (Massachusetts Institute of Technology), warns that the Euro will have "far-reaching consequences for American monetary and fiscal policy." [The Nation, Jan. 11/18, 1999.] Citing the Dollar's plunge in value which occurred circa 1994-95 (the time frame where Nichols had been contacted), Professor Thurow notes that -- back then -- although the Dollar had been "hammered," falling from 115 yen to nearly 80 yen, there was then no "stampede" to "get out." Back then, says Thurow, there was no alternative currency seductive enough to cause Capital to flee the Dollar. But this is no longer the case. The Euro now provides an attractive alternative haven for Capital. Furthermore, Thurow argues, the U.S. "runs a trade deficit in excess of $200 billion and is a net debtor owing foreigners $1.5 trillion. Europe, by contrast, runs a trade surplus with the rest of the world, and is owed about $1 trillion." This, says Thurow, helps make the Euro "a more appealing choice. And with that choice comes the possibility of a run on the dollar." In a delicate corollary, it must be broached that Bill Clinton's current impeachment troubles are themselves threatening the Dollar. In the face of potential disaster, with the Dollar seemingly hanging by a thread, why is it that Bill Clinton clings so tenaciously to power? The other side of the question is, of course, with the Dollar threatened, why are Republicans so insistent on impeaching Bill Clinton? Neither side is likely to budge, but in the stand-off, Bill Clinton, as a lone individual, clearly has more of an ability to overcome inertia and yield than does the U.S. Congress, a collective body. In a breaking development, information received by this news service suggests that upper class black Americans have made the decision to abandon Bill Clinton. It is not clear whether Vernon Jordan, part and parcel of that black upper class, will be left hanging in the wind, or whether he too will be part of the abandonment of Bill Clinton. + + + + + + + + + + + + + + + + + + + + + + INFORMATION PLEASE: Conspiracy Nation News Service (CNNS) is a co-operative effort. Without the hints/rumors provided by many excellent sources, we could not exist. Have YOU heard anything lately that might be important? Pass it along to us at [EMAIL PROTECTED] Anonymity is guaranteed. If you prefer, send your news tip or clues on same to: Brian Redman, 310 S. Prairie (#202), Champaign, IL 61820. Or you can go to a pay phone and call in your news tip: 217-356-4418. THEY will never tell us the whole truth about what is going on. But we, the People, working together, can find out what is REALLY happening. 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