CURRENCY WARS:Venezuelan Move to replace US$ with Euro

Currency Wars:
Venezuelan move to replace US$ with the €uro
by Roy S. Carson
www.VHeadline.com , 18 June 2003
www.globalresearch.ca 23 June 2003
The URL of this article is: http://globalresearch.ca/articles/CAR306A.html
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A move by Venezuelan President Hugo Chavez Frias to replace the US$ with the €uro is seen as upsetting Washington more than when Iraq's Saddam Hussein started using the €uro for oil transactions last November ... precipitating the US-led action to invade Iraq. Beltway bullies are now said to be angered by Venezuela's decision to barter oil with thirteen other Latin American countries, dealing moves to dollarize South America currencies. Intelligence reports say that while the US was able to pull the wool over the international community and ally with Britain's Blair to bulldoze action against former Iran War ally Hussein, the situation with Venezuela is proving more difficult.

While there has been political pretext to cold-shoulder Chavez Frias and his government for supposed links with Cuba's Castro and Libya's Khadaffi, the United States is loathe to do more than to give subversive support to anti-Chavez elements in Venezuela fighting against the Venezuelan President's domestic war against political and economic corruption which have permeated the South American country for the last half-century.

International finance experts see how the US dollar has been devaluing against the €uro, as important players on the international scene convert to the European currency for more stable transactions ... Russia, China, North Korea and Malaysia have begun holding €uros as important hedgings in their foreign exchange reserves as faith in American greenbacks floats down the river.

CIA and other intel organizations, including Britain's MI5, now fear that the next step is that the Organization of Petroleum Exporting Countries (OPEC) is about to switch to €uros ... the immediate effect would be a massive devaluation, perhaps sparking of domino-effect devaluations worldwide in US$-related foreign reserves and foreign debt calculations.

With a massive budget deficit, the United States is running scared of latest intel that the Kingdom of Saudi Arabia is on the brink of converting to the €uros and the opinion held by many OPEC ministers is that the conversion is an inevitability ... the only question left is WHEN?

Arab sources claim that €uro conversion across the Middle and Far East is a rational step to counteract the United States' capacity to "wage further illegal wars (a.k.a. State-sponsored terrorism)" around the world and that any prolonged occupation of Iraq by US/British forces ... and any move towards withdrawal of Iraq from the OPEC cartel ... will only precipitate "remedial action" by like-minded Arab nations to protect their own best interests over Washington's.

A significant step in this direction is that Iran is contemplating switching to the €uro and, as a result, is the latest object of United States undiplomatic interference ... an intel sources says "they are stimulating opposition forces, making covert threats ... the next step is destabilization and quasi-liberation warfare under the pretext of promoting US-style democracy but essentially aimed at maintaining the US dollar as a global transaction currency."


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VHeadline.com Venezuela is a wholly independent e-publication promoting democracy in its fullest expression and the inalienable right of all Venezuelans to self-determination and the pursuit of sovereign independence without interference. We seek to shed light on nefarious practices and the corruption which for decades has strangled this South American nation's development and progress. Our declared editorial bias is pro-democracy and pro-Venezuela ... which some may wrongly interpret as anti-American. Roy S. Carson, Editor/Publisher Editor@VHeadline.com Copyright Roy Carson 2003. For fair use only/ pour usage équitable seulement .


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sl, thanks for your response. I would appreciate a link to the Yahoo board; needless it say, it is well hidden. TIA.

Any reason for lack of messages on this board? MIRKQ has taken a
20% dip in the last several days. Is there any news other than the pending FERC trading case? Also, would appreciate a link to the elusive Yahoo board. TIA.

THE NEWS...

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full bloomberg story just released
by: cowardly_long 04/29/03 03:29 pm
Msg: 57946 of 57952

HealthSouth Likely to Seek Bankruptcy, Company Official Says
By Keith Snider

Birmingham, Alabama, April 29 (Bloomberg) -- HealthSouth Corp., the hospital company accused of accounting fraud, probably will file for bankruptcy in the next few months with the consent of bankers and bondholders, a turnaround specialist hired by the company said.

HealthSouth will seek Chapter 11 protection in U.S. bankruptcy court unless a forensic audit due to be finished in June shows the company can support its $3.3 billion debt, said Bryan Marsal, who was hired in March as the company's chief restructuring officer.

Marsal, co-director of New York-based Alvarez & Marsal, said HealthSouth would spend July and August trying to convince creditors to back the bankruptcy plan and file for protection soon after. Under U.S. bankruptcy law, a company usually has to get a majority of creditors, representing two-thirds of its total debts, to accept a Chapter 11 reorganization plan before it can go to a federal judge for final approval.

``That's what makes the most sense to us,'' Marsal said in an interview. ``The lenders would wait until they have a fact-based assessment and then go in with a prepackaged Chapter 11. We'd like to do it in a planned fashion.''

HealthSouth, which inflated earnings by as much as $2.5 billion according to U.S. prosecutors, has warned investors not to trust financial reports dating to 1986. The Securities and Exchange Commission claims HealthSouth and former Chief Executive Officer Richard Scrushy manipulated results to meet profit forecasts and boost the company's stock price.

Shares of the Birmingham, Alabama-based company rose 5 cents to 15 cents as of 2:56 p.m. New York time in over the counter trading. They have lost almost all of their value in the past year.
Last Updated: April 29, 2003 15:09 EDT

Interesting Post from RagingBull HRC Board:

By: stars99
04 Apr 2003, 06:40 PM EST Msg. 3501 of 3502

Interesting

A timeline: Richard Scrushy and HealthSouth


04/01/03




1979: UAB graduate Scrushy, then 26, joins Houston-based Lifemark Corp., a national hospital chain.


1984: Scrushy and four co-workers found Amcare Inc. and open its first outpatient center in Birmingham.

1985: Amcare changes its name to HealthSouth Rehabilitation Corp. and takes in $5 million in revenue.

1986: In September, HealthSouth first sells stock to the public. Profits for 1986 reported at $1.1 million. Scrushy's pay that year: $225,000.

1990: HealthSouth expands to 50 outpatient locations.

1992: Scrushy's pay tops $1.2 million.

1993: HealthSouth becomes the largest provider of rehabilitative services after acquiring rehab clinics from Tenet Healthcare. Scrushy and others found MedPartners Inc., a physician management company.

1994: Number of HealthSouth locations rises to 250. Scrushy starts Capstone Capital Corp., a real estate investment trust in Birmingham.

1995: HealthSouth announces nearly $2.5 billion in acquisitions that would give the company more than 850 facilities and more than 32,000 employees. 1996: Scrushy collects $8 million bonus.

1997: Scrushy's country band, Dallas County Line, releases self-titled album with songs such as "Honk if You Honky Tonk" and "You're Too Good Looking to Still Be Looking." Scrushy's pay that year: $106.8 million.

1998: Scrushy steps in as CEO of MedPartners, which was imploding after a series of miscues and a failed merger. HealthSouth's market value reaches $12 billion.

1999: Scrushy buys $25 million in HealthSouth shares. He hires a Miami lawyer to file defamation lawsuits against people posting salacious messages on Yahoo! bulletin board.

2000: HealthSouth shares rise 203 percent, making the stock one of the top performers on the Standard and Poor's 500 index. Scrushy sells $6 million in MedPartners (now Caremark Rx Inc.) shares.

2001: HealthSouth paid $7.9 million to settle allegations it overbilled Medicare for equipment bought from G.G. Enterprises, a company owned by Scrushy's parents.

2002: Scrushy sells $100 million in HealthSouth shares in months before company says lower Medicare payments will trim earnings. SEC begins investigation. Flurry of shareholder lawsuits filed.

Jan. 6, 2003: Scrushy reclaims CEO post he had given up the previous August.

Feb. 4: HealthSouth pulls plug on its "Go For It!" roadshow.

Feb. 6: FBI begins probe into HealthSouth stock trades. March 19: SEC files lawsuit charging Scrushy and HealthSouth with faking $1.4 billion in profit.

March 21: HealthSouth suspends Scrushy.

March 26: HealthSouth shares trade for 11 cents, valuing company at less than $50 million.

Monday: HealthSouth fires Scrushy.



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Live Baghdad Video Camera

You can hear dogs barking and explosions in the distance....

http://www.n-tv.de/3147867.html

ChickenHawk Web Page

http://www.nhgazette.com/chickenhawks.html


Chickenhawk is a term often applied to public persons-generally male - who (1) tend to advocate, or are fervent supporters of those who advocate military solutions to political problems, and who have personally (2) declined to take advantage of a significant opportunity to serve in uniform during wartime.

Transcript of Bill Moyers' short interview with Jessica Tuchman Mathews, president, Carnegie Endowment for International Peace, on PBS program, NOW. Other links to very interesting materials regarding Iraq also on the site.

http://www.pbs.org/now/transcript/transcript_mathews.html

anthraxshield, this company is insolvent; buying it would mean assuming liability for its debt. From an earlier post, it is my impression that a major creditor believes SOME of the patents are the property of IBCL and wants something tangible to redeem as creditor. Aside from the PR's what evidence is there that this product is superior to hydrogen peroxide or chlorine bleach for decontamination? Neither Anabec nor Barlow appear to have high regard for this company or its products.

Dakota, great research. Maybe Ben Barlow is Ken Barlow...nothing would surprise me anymore!

MrCFO2U, thanks calling attention to the numbers in the 10Q and for your clear interpretation of the data. In reviewing your previous posts, it seems you have had a keener grasp of this situation than most of us. I, too, have left the plate -- with a considerable loss - but glad to come out of it with anything.

Dakota, the surprises are never ending. May put in question the possibility that Barlow Cleaning Services is the company named as Barlow, Inc.in the PR. Barlow Cleaning Services is owned by Ben Barlow (perhaps Ken's brother?)

scruffy89. It's probably a good idea to call them and confirm that indeed they are the same Barlow referred to in the IBCL press release. Would be interesting to know, if they did have a cleaning contract with the Pentagon, what the $ sum of the contract was and what they spent on cleaning materials, specifically IBCL materials.

bbillybbass, I am aware of that listing on their site, and NoMoDo in a PM assured me that they DO sell an IBCL product. It was after that PM that I called them for the fourth time and insisted that they do carry the product. It was Anabec which denied it; they appeared to not want to acknowledge that they had anything to do with International BioChem Industries. Part of the confusion may be that they incorporate AM500 with some of their own products and sell them under their own name. But the fellow I last spoke with, who identified himself as Carl, said they only use it as a sealer and, if I thought it was effective against anthrax, "forget it." This, after 4 telephone calls!

scruffy89,
Barlow PR posted by adaa4us23 #9116 on this board, link below.

http://www.bioshield.com/ir/pr/05_09_01.html

Just found the following on Google:
Ben Barlow Cleaning Systems $18,221 contract to remove rust stains from Naval Air Station, Pensacola, FL.

http://www.fbodaily.com/cbd/archive/2001/09(September)/19-Sep-2001/zawd001.htm

Penelope, sad to say but the stock options look like "bait" for new employees just as the new sales staff and the FBI PR's were bait to lift the stock price. Who, exactly benefitted from the stock price run up is still unanswered. This is quite a tangled web and I, also, have stretched the facts to fit what I would have liked to believe. If the facts in the Barlow, Inc. PR cannot be verified, then all of their PR's are suspicious.

I did not post on this board my experience in trying to buy AM500 through Anabec. Jim Joyce referred me to the president of Anabec who refused to take my calls (was out of the office or in a meeting ALL DAY.) It was difficult, over the course of four telephone calls, to get anyone at Anabec to admit that they sold BioShield products. When a fellow (who apparently gave me a false name) finally admitted they sold BioShield products, he said, "If you think this is effective against anthrax, forget it." It was my impression that BioShield had no credibility with this distributor. Now, I question who the bad guys really are: JE and Villahoz, or Tim?

Anybody able to locate "Barlow, Inc.," or Ken Barlow? Only citation on Google regarding Barlow, Inc., is the Bioshield PR. I am unable to find the firm of Barlow, Inc. through Alta Vista. Also, there are no citations for Ken Barlow, associated with Barlow Inc. Can anyone verify that Barlow, Inc. really exists?

JNelson on Raging Bull posted the following information (#10588)
indicating that transfers of patents from IBCL to Nova dated July 5, 2002, were transfered back to IBCL on Janury 27, 2003:

"On January 27, 2003 Nova Biogenetics, Inc. (hereinafter "Nova") sold and assigned to International Biochemical Industries, Inc. (hereinafter "IBCL") and Nova as joint assignees, Nova's entire right, title and interest to certain identifiable intellectual property as well as to applications therefrom and all patents and extensions thereof."


From what little I understand, the patents were granted to Elfersy, Berkner and Moses who then "assigned" or transferred the rights to IBCL. When they assigned the patents to IBCL, did they receive compensation or residual rights to the patents? The following material was gathered from a search of "patent right assignment" on Google.
http://www.lawnotes.com/patent/transfer.html

The owner of a patent or patent application can transfer it ("assign" it) by a written assignment document. The assignment document is roughly analogous to a deed transferring title to a house or other real property. [35 USC 261] (As CEO, Moses probably had the same right to transfer patents as he would have had to sell off or transfer company property without pre-announcement to the shareholders.)

In the same way, the owner can transfer an "undivided interest" in the patent or patent application (e.g., half-ownership) can also be assigned in the same way. [35 USC 261

(Apparently, the only recording necessary to transfer or assign a patent is to record it at the Patent and Trademark Office.)

Why Record an Assignment Document?
A: To put the public on notice of
the ownership transfer and prevent fraud.

If you buy (or otherwise acquire title to) a patent, you can record the title transfer, i.e., the assignment document, in the U.S. Patent and Trademark Office. Recording the assignment document puts the public on notice of your ownership. [35 USC 261, 37 CFR 3.11]

If at all possible, you should record your assignment document within three months after its date. If you do, you would be the owner of the patent even if the assignor unscrupulously tried to sell the patent again to someone else. [35 USC 261]

On the other hand, if you don't record your assignment, and a later buyer doesn't know about your purchase, then the later buyer probably would be the owner of the patent, not you, because you didn't take advantage of your right to put the public on notice of your ownership. [35 USC 261]

The same rules apply in recording assignments of patent applications. They apply not just to sales of patents, but to other types of title transfers such as assignments by employees to their employers.


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The split is 1:20 reverse. Presently IBCL is listed at .025, HNWS is at .015. So, divide .015 by 20.

For laughs, Irv. Why don't you call their 800#, tell them you're in New York City and want to buy a BioShield antimicrobial/fungicide?

The other product, Anabac, perfumes autoclaves. A more highly targeted market than personal perfume. Thanks to jurisper who had the good sense to check out the telephone number. Competing with an autoclave perfume company does not meet my investment criteria.

I stand corrected and appreciate the correction and clarification, jurisper. Did place call to the 800 number and left message to contact me tomorrow. In a MINOR error, Joyce misspelled the company name. WHEW!

Tony, I did not call Steve Meyers. Just picked up Jim Joyce's message - which is a reply to my email of 2/13/03 - and his reply was not at all what I expected. Am fighting snow removal in NY and it's probably too late to get anyone by telephone now. Will call tomorrow and let everybody know whatever information there is.

Email to Jim Joyce, IBCL, and reply. NOTE, he does not offer me a way to purchase AM500. He refers me to Anabac, made by Interscience, a different company. Below EMAIL and REPLY is link to Interscience.

EMAIL:
Hi Jim,
You will find a later email from me, and a telephone call this morning, regarding buying AM500 for use in my home. I am in NY, have mildew in the cellar and (with everyone else in town) facing threats of nuclear/biochemical terrorist attacks. Seems like some AM500 might be called for. Do let me know how I can purchase some...preferably before any attack. Thanks for your earlier reply.

REPLY:
Please contact Steve Meyers, Anabac, 800-369-8463. He works in mold remediation and will be able to assist you.



Thanks,



Jim Joyce

National Sales Manager


LINK TO INTERSCIENCE:
http://www.interscience.fr/html/content/hs_e.htm

All it takes to get a new/or different patent is to change one molecule in a compound or to change the present arrangements of molecules in a patented compound. Also, adding or deleting a "filler" or inert chemical can be considered a change and may or may not be able to be patented. That's why there are so many competing colas, detergents and medications. All IMHO, of course.

JNelson,
I'm a native New Yorker, now back in New York after many years in Alaska. Wyoming is great; it's easy to understand your being there. New York bridge traffic is being screened by uniformed National Guards sporting automatic rifles. Many streets in Manhattan are closed, especially during U.N. sessions. Traffic into and out of Manhattan is a nightmare. Imagine what this is doing to delivery of vital goods and services. The Guards (without visible weapons) are also in the subways, Grand Central, Penn Station. A lot of police foot traffic as well. Impossible to get into large, public buildings without going through some sort of inspection procedure, i.e., scanning machines and picture I.D. People seem to be taking this in stride. I, of course, have an email and a call into IBCL to get some AM500, just in case....

shovy, you are not reading or reporting the Form 144 figures correctly. In other words, there is little concrete evidence of your statement, "Looks like a few wanting out."

Filing of Form 144 is "proposed" intent to sell, not necessarily followed by a sale. If you look carefully at the page you posted, and the link below, you will see QUITE A FEW Form 144's WERE FILED, NONE OF WHICH WERE FOLLOWED BY A SALE. Below is link to sales of stock by insiders in the last 3 months and the last 12 months. You will see in the bottom left-hand, the number of shares filed for sale under Form 144. There have been ZERO SALES BY INSIDERS in that time period, despite the filings of Form 144.


http://www.nasdaq.com/asp/Holdings.asp?mode=&kind=&symbol=ibcl&symbol=&symbol=&s...

Harry, sodium/calcium hypochloride is an ocular and respiratory irritant. And one would question the efficacy in total eradication of persistant mold or mildew. If it were effective in such cases, then questions surrounding persistant mold/mildew in houses would not be as pressing a problem as it appears to be to both homeowners and insurance companies. Houses are being torn down when the problem persists. Also, GG has a son with respiratory problems.

Harry, don't waste your free posts showing your ignorance.

Link to Al Jazeera report of Bin Laden remarks.

http://news.yahoo.com/news?tmpl=story2&cid=540&u=/ap/20030211/ap_on_re_mi_ea/bin_laden_tape&...

Spraying MicroBlast on a mask....

http://www.investorshub.com/boards/read_msg.asp?message_id=754186

MAIDSINTHEUSA,thanks for the information you posted. I am in New York and may need some of that stuff. Nothing like a stockholder who is also a satisfied customer. What is the shelf life of the indoor and the outdoor MicroBlast? TIA

PBT, the company probably already has attorneys. A case like this would be taken on contingency -- with a lot of stock as the payoff. Looking back over insider sales in the past, you can see this stock has been considerably higher. If the company has a positive future, stocks in lieu of cash might be a very good deal.

Another source for Insider Trades. Proposed sales - which must be filed prior to sales by insiders - but no actual sales by insiders in the last 12 months.

http://www.nasdaq.com/asp/Holdings.asp?mode=&kind=&symbol=NT&symbol=IBCL&symbol=&...

fadeshti, you are probably correct re IBCL not having anthrax on premises. It is likely that substances must be submitted to facilities which have permits to handle anthrax. Thus the mention of "a Major university lab." imho, of course.

In addition the company also announced discovery of a new proprietary use for the technology discovered during testing at a major University lab. The facility was engaged by IBCI's distributor, Nova BioGenetics, Inc., in order to fulfill a request by a pharmaceutical firm to run tests on the product for a specific disease.

RECENTLY ISSUED SHARES. As I understand the S8, which I have up on another screen(FreeEdgar.com), the company applied for issuance of 7 million shares on January 7, 2003 which were "permitted to be issued in accordance with its 'broadly based' 2002 Non-Statutory Stock Option Plan....which increased the number of options available for issuance from 7,000,000 to 14,000,000."
"This Stock Option Plan...is intended as an employment incentive, to aid in attracting and retaining in the employ or service of (the company)...persons of experience and ability and whose services are considered valuable, to encourage the sense of proprietorship in such persons, and to stimulate the active interest of such persons in the development and success of the Company."
The company states in the S8 that up to 110 million shares can be issued. A total of 14 million of those share can be issued as stock options. One of the ways of purchasing these options is by "delivering shares of the Company's Common Stock which have been beneficially owned...for a period of at least six months prior to the time of exercise...in a number equal to the number of Stock Option Shares being purchased...."

There are no forms posted for Insider Sales leading me to believe that there have been no insider sales in the last 12 months.

This will also be posted on the RB board.

bbilly, this is a very interesting question because all of the patents have been assigned to Bioshield Technologies. Therefore, it seems that the patents belong to the business. If the business can remain viable, there still would be the possibility of future contracts. Perhaps shareholders as a class (e.g."class action lawsuits"), could appeal to the SEC to forego any action which would force the business into bankruptcy and would thereby leave present shareholders without recourse.

http://www.bioshield.com/patent6120587.htm

Thanks for the upbeat message, Voltage. Have a good weekend.

Exactly, Matty. Why, if they were warned by the FBI did they not remove the first PR and retract it publicly. That's what I don't understand. To say they are scammers is one thing, to say they are just plain dumb is another.

To All,
Why after Tim was contacted by the FBI and told that the intial PR's were innacurate, did he did not remove the PR's from the website and retract them but, instead, continued issuing press releases suggestive of government interest in IBCL products? Is it your opinion that he thought he could continue deception even with the FBI tracking him and the numbers of shares making the SEC take notice?

Alright, the first PR might have been an error. What about the following ones? It is one thing to say "an interested party has contacted us" vs. a Federal government agency, or the FBI coordinator.

Do you think he is going to leave town this weekend?