Posted on 10/23/2010 6:41:35 AM PDT by HangnJudge
Soros, very possibly. We have a tsunami headed for the Crats and he’s a Fat Crat. ChiComs- I don’t think so. They wouldn’t poke a stick in OUR eye, or else their ‘investment’ in US would tank. I don’t think they’re crazy. Soros, however, loves power and would love to sink US, I think especially if he and his don’t get their way in the upcoming elections. Just random thoughts. Also, he might like to send the EURO to Hell, and watch the US electorate panic, and what happens in a panic? People look to the government for solace- they would tend to go with the devil they know? Just thinking ...
Sort of a redo of what he pulled with the money markets in 2008?
Anybody know anything about The Great Ruble Scam? Is it related to currency manipulation or am I waaay off track?
I tried a Google on it and nothing came up. But that was a long time ago. Try again.
Does anybody here know what the broad implications of a EURO dump have on the USD? Panic is all I can see, but, hey, would it possibly make the USD look better, in comparison? I hadn’t thought of that. I rather think it would start a panic which would affect many currencies, but I could be wrong. Hope I’m wrong.
That cleared things up......does that mean somewhere a unicorn flatulated a rainbow?
Who, besides the currency speculator/manipulator, would benefit from a EURO dump? What would happen? I’m thinking this: it might cause a flight to gold, no? Gold would be preferred to EUROs. Russia has a LOT of gold, in the ground and out. Kolyma was I think their largest gold mine and the miners were slaves, like Solzhenitsyn was in the GULAG, and the top guys running the country were given the main proceeds from each mine (lead, gold, asbestos, uranium,etc). I think Stalin and Molotov benefitted personally from the gold. Nice work if you can stay on top and out of the mines. Hey, I don’t miss an opportunity, do I?
http://www.freerepublic.com/focus/f-news/2613144/posts
Ghost of Keynes Past Today’s Keynesian economists have convinced boobus Americanus that the Great Depression was caused by the Federal Reserve being too tight with monetary policy and the Hoover administration not providing enough fiscal stimulus. Ben Bernanke and Barack Obama used this line of reasoning to ram through an $850 billion pork-laden stimulus package, as well as the purchase of $1.2 trillion of toxic mortgages by the Federal Reserve.
The only trouble is that this storyline is a complete sham.
The fact that colossal stimulus spending, zero interest rates, the purchase of over a trillion in toxic assets by the Fed, and the loosest monetary policy in history have done absolutely nothing to revitalize the economy, has proven that Keynesian policies have been a wretched failure. This is not a surprise to Austrian school economists.
Keynesian policies failed during the Great Depression, and they are failing today. An economic catastrophe caused by loose monetary policies, crushing levels of debt, and appalling lending practices cannot be solved by looser monetary policies, issuance of twice as much debt, and government commanding banks (or, in the case of Fannie and Freddie, “commandeering”) to make more bad loans.
Ludwig von Mises described what happened in the 1920s and 1930s. His explanation accurately illustrates the situation in America today.
"There is no means of avoiding the final collapse of a boom brought on by credit and fiat monetary expansion. The only question is whether the crisis should come sooner in the form of a recession or later as a final and total catastrophe of depression as the currency systems crumble.”
Keynes wrote to FDR, sometime in the 1930’s, that he (FDR) had ‘gone too far.’ So says Amity Shlaes in her ‘The Forgotten Man.’
I think it was something similar to how he screwed with the Pound Sterling.
That’s what I’m thinking, same MO. And, as the price of gold rises, I believe the value of the USD goes down- there’s an inverse relationship. If so, the Russians will have most of the gold, and we, not much. And then if they push the IMF to allow a newly-created ‘default’ currency, they will want it based on gold? And they and the Chinese will want the IMF to allow them to trade their USD stuff into the new currency. I’m really shaky on all this. Just trying to think it thru. So this way, the ChiComs wouldn’t get so hurt with holding so much of US debt. Your thoughts?
In the European press, I read about this common ‘wish’ of Russia and China, for a new currency, so they could ‘trade in’ whatever they have (like US Fannies & Freds); this was at Davos and was not reported in the American financial press (so said the Guardian); the article also said they would approach the IMF on this. It would be a strong play for a new ‘global’ currency, and one which they would dominate, having traded in their US stuff.
The ChiComs aren’t shy about using economic warfare clout, look at how they blocked rare earths trading to Japan all over a spying ChiCom boat that got caught.
If China feels they have lost face, they will squeal and squirm in any way they can to cause economic harm to the person(s) who have offended them.
They now own well over half of the US debt thanks to Obama.
Would they hurt us even if it shot themselves in teh foot?
Yes, and then some.
After 9/11 they put out a video stating smugly about how we are a paper tiger and not to be feared.
They have also stated bluntly that they would start a war with us.
(They have already shipped weapons to the terrorists.)
In the eyes of China, it is a game played out over the course of many years.
Short term damage to their own economy via hurting us does not matter.
Soros game is different, he is all about power, control, and spite.
If he could gain something by hurting China, he would do so.
He gains more by hurting the US.
With this in mind, China would not truly be hurt by holding on to the US debt, they have some stake or gambit involved.
What to do about it?
Trigger their trap.
Then bust their people for economic fraud, as that’s what all of the gaming they are doing amounts to.
Holy crap! But what happens when the delta increases and the centerfuge rehabilitates under the weight of the middle axis? Then we are totally screwed!
China is dumping.
They are setting up the Yen as the next world currency.
Thanks to the economics of the democrats in congress and our debt now. The Chinese will replace the dollar as the world currency with the yen.
Get ready people. It is going to hurt worse then the great depression.
Obama has set us up for a ride to hell.
I have one comment.
Maybe it’s not the issue here, but it seems that the media in general likes to expand the “y” axis to the point that small movements are eggaderated to look like something really huge. For example, in the second chart (EURUSD), the range of the scale is from 1.3915 to 1.3952, representing a range of around 0.27%. Is that really significant?
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