"Armenia floats currency, seeks IMF bailout" by Associated Press | March 4, 2009
YEREVAN, Armenia - Armenians rushed to buy bread, butter, and other staples yesterday, and stores shut down in panic after the government announced it would let the national currency fall and was seeking a bailout from the International Monetary Fund.
Banking authorities said the national currency - the dram - could sink up to 24 percent with the decision. The devaluation was sure to hurt ordinary Armenians, with prices for imported goods expected to rise sharply.
That is YOUR FUTURE, America -- which may be why the agenda-pushing press never followed up on this.
The Armenian
Armen Gevorkian, 33, an engineer, was stocking up on food in Yerevan, where staples typically include bread, butter, sugar, salt, and vegetable oil. "I'm buying food with all the drams I have because the dollar is going to rise and then the situation will be very difficult," he said.
Prices at some grocery stores shot up 20 to 30 percent yesterday. One of Yerevan's largest grocery chains, Star, closed all of its stores shortly after the Central Bank's announcement.
Until now, the small South Caucasus country had pursued a managed float policy for the dram, having the central bank spend reserves to maintain the currency's value. With yesterday's move, Armenia's banking authorities said they expect the dram to fall to between 360 to 380 to the US dollar, compared to a level of 306 before the free float policy was announced.
Many foreign exchange booths had stopped selling foreign currency, but Georg Melkonian, a businessman, said he bought dollars without any problems at one bank. Several hours after Armenia's Central Bank announced the move, Dominique Strauss-Kahn, the IMF managing director, recommended that its executive board to approve the country's request for a $540 million loan.
The IMF had demanded that Armenia let its currency float before it could get a loan. This would allow "the exchange rate to move in line with market fundamentals, so as to cushion the economy from the external shocks and safeguard foreign exchange reserves," Strauss-Kahn said in a statement.ONCE AGAIN, the GLOBALISTS' ADVICE and SOLUTIONS are COUNTER-PRODUCTIVE!!!
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Rather than follow up on the loan, the Zionist MSM gives me this instead:
"Obama walks tightrope on calling Armenian deaths genocide" by Glenn Kessler, Washington Post | March 22, 2009
WASHINGTON - For years, President Obama has not minced words about labeling as genocide the deaths of Armenians more than 90 years ago during the demise of the Ottoman Empire. Nor have Secretary of State Hillary Rodham Clinton and Vice President Joe Biden.
All three regularly signed letters to President George W. Bush demanding that he recognize "the mass slaughter of Armenians as genocide" and saying that such an act "would constitute a proud, irrefutable and groundbreaking chapter in US diplomatic history." During last year's presidential campaign, Obama repeatedly maintained that, as president, he would "recognize the Armenian genocide."
Strange that the ADL does not, huh?
Also see: Ignoring Israel's Genocide
Obama's pledge might have been smart politics.... But now that Obama is president, his pledge has put him in a diplomatically difficult position. The question of calling the deaths a genocide has returned just as Obama is preparing for a visit next month to Turkey, which firmly rejects such a label.
Yeah, the BREAKING of PROMISES and the LYING really come back to bite you on the ass, don't they?
"There is no substitute for speaking plainly when you are talking about mass murder," said Representative Adam B. Schiff, Democrat of California, who introduced a resolution last week calling on the president to publicly recognize a genocide, and whose district contains the largest US concentration of Armenian-Americans. "I hope he will use the opportunity to prepare Turkey for US recognition and to encourage Turkey to have an open examination of its past."
Do you ever see me speaking (typing) anything but plainly, readers?
Administration officials contend that Obama has made huge strides in fulfilling many campaign promises on foreign policy. But officials also acknowledge that Obama's pledge on Armenian genocide poses a tricky diplomatic balancing act....
Few people deny that massacres killed hundreds of thousands of Armenian men, women, and children during and immediately after World War I. But Turkish officials and some historians say that the deaths resulted from forced relocations and widespread fighting when the 600-year-old Ottoman Empire collapsed, not from a campaign of genocide - and that hundreds of thousands of Turks also died in the same region during that time.
Yeah, THIS HOLOCAUST you can QUESTION!!!!!
US-Turkish relations are on an upswing after a dismal period immediately after the invasion of Iraq. Turkey, a NATO member, also plays an increasingly important role in the Middle East, the Caucasus, and the Balkans....
And those are the REALLY IMPORTANT THINGS!!!!!
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