http://www.theinternationalforecaster.com/International_Forecaster_Weekly/Fed_Control_Puts_Outsiders_In_A_Disadvantage
Adam Sharp: Is gold cooked? No way!
16 hours ago
Showing posts with label US Dollar. Show all posts
Showing posts with label US Dollar. Show all posts
Saturday, August 7, 2010
Monday, July 19, 2010
BEIJING (Reuters) - China should cut its holdings of U.S. Treasury securities when market demand is strong, a prominent economist said.
http://www.reuters.com/article/businessNews/idUSTRE66I05U20100719
BEIJING | Sun Jul 18, 2010 9:24pm EDT
BEIJING (Reuters) - China should cut its holdings of U.S. Treasury securities when market demand is strong, a prominent economist said in remarks published on Monday.
Beijing reduced its Treasury holdings in May by $32.5 billion to $867.7 billion, but it actually bought a net $3 billion in long-term Treasuries and remained the largest single holder of U.S. government debt, the Treasury reported on Friday.
Yu Yongding, a former academic adviser to the central bank and now a professor with the Chinese Academy of Social Sciences, said Beijing should invest in assets denominated in other currencies as well as other financial instruments and real goods.
"Although assets in other currencies and forms are not an ideal replacement for U.S. Treasury bonds, diversification should be a basic principle," Yu wrote in the China Securities Journal.
"When demand for U.S. Treasury securities is strong, it's a rare opportunity for us to gradually pull back. That way, it will not have a big impact on prices and China will not suffer too much," he said.
Zhang Monan, a researcher with the State Information Center, a think tank under the powerful National Development and Reform Commission, told the paper that China should invest more of its $2.5 trillion of foreign exchange reserves, the world's largest stockpile, in hard assets such as gold.
(Reporting by Langi Chiang and Alan Wheatley; Editing by Ken Wills)
BEIJING | Sun Jul 18, 2010 9:24pm EDT
BEIJING (Reuters) - China should cut its holdings of U.S. Treasury securities when market demand is strong, a prominent economist said in remarks published on Monday.
Beijing reduced its Treasury holdings in May by $32.5 billion to $867.7 billion, but it actually bought a net $3 billion in long-term Treasuries and remained the largest single holder of U.S. government debt, the Treasury reported on Friday.
Yu Yongding, a former academic adviser to the central bank and now a professor with the Chinese Academy of Social Sciences, said Beijing should invest in assets denominated in other currencies as well as other financial instruments and real goods.
"Although assets in other currencies and forms are not an ideal replacement for U.S. Treasury bonds, diversification should be a basic principle," Yu wrote in the China Securities Journal.
"When demand for U.S. Treasury securities is strong, it's a rare opportunity for us to gradually pull back. That way, it will not have a big impact on prices and China will not suffer too much," he said.
Zhang Monan, a researcher with the State Information Center, a think tank under the powerful National Development and Reform Commission, told the paper that China should invest more of its $2.5 trillion of foreign exchange reserves, the world's largest stockpile, in hard assets such as gold.
(Reporting by Langi Chiang and Alan Wheatley; Editing by Ken Wills)
Tuesday, June 29, 2010
U.N. Report: Scrap Dollar as Sole Reserve Currency
U.N. Report: Scrap Dollar as Sole Reserve Currency
Submitted by SteveMT on Tue, 06/29/2010 - 18:09
in Current Events
[Tick-tock, tick-tock. The dollar is reaching the end of the trail.]
Scrap dollar as sole reserve currency: U.N. report
Louis Charbonneau
Tue Jun 29, 2010 4:56pm EDT
(Reuters) - A new United Nations report released on Tuesday calls for abandoning the U.S. dollar as the main global reserve currency, saying it has been unable to safeguard value.
But several European officials attending a high-level meeting of the U.N. Economic and Social Council countered by saying that the market, not politicians, would determine what currencies countries would keep on hand for reserves.
"The dollar has proved not to be a stable store of value, which is a requisite for a stable reserve currency," the U.N. World Economic and Social Survey 2010 said.
The report says that developing countries have been hit by the U.S. dollar's loss of value in recent years.
"Motivated in part by needs for self-insurance against volatility in commodity markets and capital flows, many developing countries accumulated vast amounts of such (U.S. dollar) reserves during the 2000s," it said.
The report supports replacing the dollar with the International Monetary Fund's special drawing rights (SDRs), an international reserve asset that is used as a unit of payment on IMF loans and is made up of a basket of currencies.
More at:
http://www.reuters.com/article/idUSTRE65S40620100629
Submitted by SteveMT on Tue, 06/29/2010 - 18:09
in Current Events
[Tick-tock, tick-tock. The dollar is reaching the end of the trail.]
Scrap dollar as sole reserve currency: U.N. report
Louis Charbonneau
Tue Jun 29, 2010 4:56pm EDT
(Reuters) - A new United Nations report released on Tuesday calls for abandoning the U.S. dollar as the main global reserve currency, saying it has been unable to safeguard value.
But several European officials attending a high-level meeting of the U.N. Economic and Social Council countered by saying that the market, not politicians, would determine what currencies countries would keep on hand for reserves.
"The dollar has proved not to be a stable store of value, which is a requisite for a stable reserve currency," the U.N. World Economic and Social Survey 2010 said.
The report says that developing countries have been hit by the U.S. dollar's loss of value in recent years.
"Motivated in part by needs for self-insurance against volatility in commodity markets and capital flows, many developing countries accumulated vast amounts of such (U.S. dollar) reserves during the 2000s," it said.
The report supports replacing the dollar with the International Monetary Fund's special drawing rights (SDRs), an international reserve asset that is used as a unit of payment on IMF loans and is made up of a basket of currencies.
More at:
http://www.reuters.com/article/idUSTRE65S40620100629
Saturday, June 26, 2010
Gold vs. The US Dollar
The value of the dollar is dropping like a rock and this video is to show how this is affecting the prices of everything from gas to milk. This is the first of several videos to show what is really happening to the ecomy of the United States and why this country is in a lot of trouble financially.
Friday, June 25, 2010
Widening US Deficit To Collapse the Dollar - Eric King of King World News Blog
Looking at the year 2010 on the chart you can see a huge chasm between spending and revenue. Keep in mind that like most countries the US has two sets of books, so the situation is much more dire than the illustration. Let’s go with what the graph states for now and look past 2010 where we see the fantasy of increased revenue. Revenues will not increase, and when the economy has its next leg down there is a high likelihood of further decreases in revenue.
June 25, 2010
The above chart is a graphic image of the problem with the government forecasts. Spending increases dramatically and there is the underlying assumption that revenues will increase as well. This projection does not take into account the fact that we are in a depressionary cycle which is ready to have another leg down.
An already weak economy will become even weaker. This means less tax revenue, which flies in the face of government forecasts which call for an increase in revenue. As the chasm increases in size between spending and revenue, faith in the US dollar will evaporate. This will lead to a significant devaluation of the dollar, or an outright collapse.
Many developed countries face similar problems today and this is one of the major pillars of this secular bull market in gold. Make sure you have gold as your insurance policy. This means owning physical bullion, not paper promises.
Eric King
KingWorldNews.com
The Fed, Debt and Systemic Collapse of the US - Eric King's Blog + Another Great Interview from Eric King with both Ron & Rand Paul
Having a discussion about the Fed, massive debt and the systemic collapse of the United States with two of the most qualified individuals in US politics today cemented in my mind that we are in a depressionary cycle, and their is virtually no way out for a variety of reasons. This is why it is so important for readers to protect themselves and their families from the next wave down.
June 24, 2010
When asked about the media attacks against him Dr. Rand Paul responded, “They (the media) always try to do things like paint the Tea Party or me as extreme, and the way we respond is having a $2 trillion deficit like we do now, that’s really extreme. Having $400 billion in interest in one year, that’s extreme.”
Congressman Ron Paul stated when asked about the Audit the Fed Bill, “I think the Federal Reserve is going to be an issue for a long time to come until they clean up their act or we have a new monetary system.”
Rand also commented regarding the US debt, “You have a Federal Reserve Chairman Bernanke, and they usually don’t try to use very inflammatory language, but a week or two ago he said that the debt was unsustainable and that to me is a particularly strong word, unsustainable.”
Ron added to Rand’s thoughts on the debt, “He (Bernanke) points the finger at the Congress, but really it’s the combination of the politicians who love to spend and the Federal Reserve that accommodates.”
The Paul’s discussed a timetable for a systemic collapse of the US. They also noted that government officials have been listening to their own rhetoric regarding a recovery in asset prices, believing in a pipe dream.
Eric King
KingWorldNews.com
To hear the interview with Dr. Rand Paul and Congressman Ron Paul on King World News CLICK HERE.
Thursday, June 24, 2010
Quote of the Day - CNBC's Rick Santelli
"I can't remember the exact quote but when I used to trade and Mr. Volcker was Fed chairman, he said something like 'gold is my enemy, I'm always watching what gold is doing', we need to think why he made a statement like that. If you're a central banker or one of the congressmen or senators, watch what gold is doing because this is a no-confidence vote in fiscal and dollar policy."- Rick Santelli, CNBC
Wednesday, June 23, 2010
Tuesday, June 22, 2010
US Government Prints 551.68 Million Banknotes in May 2010
CLICK HERE for the BEP Teasury Monthly Production Report. The U.S. government printed more money in May than in April, making it the second highest production month of 2010 behind leading March, according to figures from the agency responsible for manufacturing U.S. currency. The value of the banknotes produced in May, however, was the most of any month this year.
Sunday, June 20, 2010
Mike Kosares: The true inflation-adjusted price of gold
http://www.gata.org/node/8748
Submitted by cpowell on Sat, 2010-06-19 18:24.
Dear Friend of GATA and Gold:
It has been far too long since we've heard from Michael J. Kosares, proprietor of Centennial Precious Metals in Denver and host of its USAGold.com Internet site, but having recharged his batteries he has begun posting an occasional newsletter, "USAGold News, Commentary, and Analysis." The June edition begins with evidence that the dollar gold price has fallen so far behind the real rate of inflation that its inflation-adjusted price should be above $7,500. That gold has not kept pace with inflation and price increases in other tangibles in recent decades is generally acknowledged. To figure this out it is necessary only to contemplate central bank gold dishoarding, leasing, and the diversion of gold demand away from real metal and into futures contracts and similar derivatives. Kosares' letter is headlined "The TRUE Inflation-Adjusted Price of Gold" and you can find it at USAGold here:
http://traffic.libsyn.com/usagold/newsletter1006.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
National Inflation Association (NIA) Update
Russia and China are now preparing for a post-dollar world. Are you? Check out this new must see video from NIA's VisionVictory:
Please continue to spread the word about NIA by telling your friends and family to subscribe for free at: http://inflation.us
Thursday, June 17, 2010
The Mysterious CAFRs: How Stagnant Pools of Government Money Could Help Save the Economy by Ellen Brown
http://seekingalpha.com/article/206606-the-mysterious-cafrs-how-stagnant-pools-of-government-money-could-help-save-the-economy
Ellen Brown she is one of my favorites! Check out her articles http://www.webofdebt.com/articles/ & her mini bio below:
Ellen Brown developed her research skills as an attorney practicing civil litigation in Los Angeles. In Web of Debt, her latest book, she turns those skills to an analysis of the Federal Reserve and “the money trust.” She shows how this private cartel has usurped the power to create money from the people themselves, and how we the people can get it back. Her earlier books focused on the pharmaceutical cartel that gets its power from “the money trust.” Her eleven books include Forbidden Medicine, Nature’s Pharmacy (co-authored with Dr. Lynne Walker), and The Key to Ultimate Health (co-authored with Dr. Richard Hansen). Her websites are www.webofdebt.com and www.ellenbrown.com.
Friday, March 5, 2010
Friday, February 26, 2010
Saturday, February 20, 2010
Peter Schiff Fast Money CNBC 19 Feb 2010 Part 1 of 2
Peter Schiff is the only one to listen to on CNBC. He keeps advising Americans to buy gold. Oil is going up because of inflation..
Friday, February 19, 2010
Ron Paul - Prepare for the Worst
Presented by Congressman Ron Paul at "The Failure of the Keynesian State," the Mises Circle in Houston, sponsored by Jeremy S. Davis. Recorded Saturday, 23 January 2010. Includes introductory remarks by Mises Institute president Douglas E. French, and by Institute founder and chairman Llewellyn H. Rockwell, Jr..
Tuesday, February 16, 2010
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