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Get on mailing list for Belmont/Canterbury It Take a Community

To The Daily Sun,

The Belmont High School PTO, together with BHS Student Assistance Program Counselor, hosted a wonderfully successful drug awareness event on Thursday, April 21. "It Takes a Village: Our Community Drug Epidemic" was well attended by more than 150 people, including parents, staff, students and community members. We thank everyone who came out to help make a difference in our communities.

We would like to thank our panelists for their expertise on our drug epidemic: Dr. Paul Racicot, medical director of the Nathan Brody Program for Chemical Dependency at Horizons Counseling; Kelly Gaspa, Winnisquam Regional Substance Misuse Prevention Coordinator for the Partnership for Public Health; Nate Walter, a courageous young man in recovery; Corey Gately, LRGH Recovery Substance Abuse Counselor; Jacqui Abikoff, executive director of Horizons Counseling; Officer Evan Boulanger, K-9 and drug recognition expert for Belmont Police Department; and Darcy Ess, a courageous mom who lost her son to a drug overdose and has been instrumental in starting the Belmont-Canterbury coalition It Takes a Community.

We would like to send special thanks to those brave audience members who shared their struggles and the struggles of their families in dealing with addiction and recovery. What a powerful impact this had on everyone who attended.

We also owe a debt of gratitude to the local businesses who helped BHS PTO provide a free meal of pizza, salad, desserts and beverages. Brookside Pizza II of Belmont, there are no words to thank you for your amazing generosity of 33 free pizzas and salad. Other big "Thank-Yous" go to Coca-Cola Bottling, Belmont; Annie's Café and Catering, Laconia; Laconia Village Bakery, Laconia; Shaw's, Belmont; The 99, Tilton; Gourmet by Design, Canterbury; and Petals in the Pines, Canterbury. A big thank you goes out to The Home Beautiful in Belmont for their generous cash donation toward the cost of this event.

Thank you to Melcher & Prescott in Laconia for displaying a reminder about our event on their electronic sign.

And thank you to Superintendent Maria Dreyer for her personal donation of three gift cards for our door prize raffle.

We are planning another special It Takes a Village evening in October. Please look for more information on this event in September. It is through our community awareness that we can all make a difference. It is a battle for the lives of our loved ones.

If you are interested in getting on the mailing list for the new Belmont-Canterbury coalition It Takes a Community, please send an email with your name, email address and your town to Alicia Sperazzo at SAU 80, This email address is being protected from spambots. You need JavaScript enabled to view it.. This email list will provide information about upcoming meetings and events in Belmont and Canterbury.

Donna Iacopucci

Colleen Akerman

Irene Mackes

Gretta Olson-Wilder
Belmont High School PTO Board

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Brave new world awaits if U.S. currency loses reserve status

To The Daily Sun,

The U.S dollar's dominance as a world reserve currency is dependent on the fact that it is the world's petrocurrency, which means most oil purchases globally are denominated in dollars. Most oil-producing nations will not sell their oil unless dollars are used. The dollar has benefited from this advantage because of the relationship between the governments of the U.S. and Saudi Arabia.

Saudi Arabia produces the largest share of the world's oil. Their market share has been declining recently due to falling global demand; more specifically, falling U.S. demand. This has led to vicious competition from other oil producing nations, including Russia and Iran.

Falling U.S. demand by itself has led OPEC nations to question the continued use of the dollar as the petrocurrency. In November 2015, the Saudi government hinted at the possibility they might de-peg from the U.S. currency, an act which would end the dollar's petrodollar status.

The dilemma facing the Saudis was increasingly low and unstable oil prices to which the U.S. petrodollar adds a further level of uncertainty. Some analysts argue Saudi Arabia may be forced to choose to either cut production to increase prices; or to end the dollar peg and stabilize prices by switching to a basket of currencies instead.

After the April Doha meeting there is little chance that Saudi Arabia will commit to substantial cuts in oil production. The Saudis have just announced that they may expand oil fields in order to increase production to even greater historical levels. So, oil prices are going to remain low... for now. They may even fall some if a battle for market share between Iran, Russia and Saudi Arabia goes as some predict. This suggests that the Saudis will end the peg to the dollar soon; meaning, best guess, within a couple of years.

Some think an oil price panic could lead to conflict between Saudi Arabia and the U.S., disrupting the petrodollar status. That may precipitate the decline in dominance of the U.S. dollar's world reserve status, which. in turn, means the end of dollar dominance. That may lead to the rise of the SDR system under the IMF as a prelude to introduction of a global currency with global economic governance to follow.

Something that may expedite the situation is release of documents linking the Saudi government directly to the 9/11 hijackers. Despite our president's visit to the Saudis, the White House is still said to be poised to release these documents to the public. The Saudis have responded angrily. They have threatened to dump their $750 billion in U.S. treasury holdings if the documents see the light of day.

That act would end the Saudi peg to the dollar and dollar's petrodollar status which would then speed the end of the dollar's dominance as a world reserve currency which will have a large and negative impact on our economy. The dollars we have been pumping into the money supply would return home relatively quickly.

We then may have immense global economic change triggered by these 28-pages in a report more than a decade old. The economic reset has been years in the making. Our leaders and our friends have produced this plausible scenario to end the American economy as we know it. If it comes to pass it would usher in a brave new world.

Marc Abear

Meredith

  • Category: Letters
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