The greatest depression has just started?

  1. You have chosen to ignore posts from tvoter. Show tvoter's posts

    The greatest depression has just started?

    We are seeing the advent of the new currency order. There will be a number of more or less equal blocks: a dollar zone, a Yuan/BRICS zone and the euro, with the Yen and the Pound as lesser entities. These will later be able to converge to even more ‘cooperation’, in the Money Power’s relentless march towards World Currency.

    These units will be at least partially Gold backed, implying long term deflationary pressures. Central Banks are buying Gold in major quantities, creating the interesting question why Gold prices have not risen in the last 18 months.

    The problem for the United States will be to manage the transition. Trillions of dollars that will no longer be needed will have to be repatriated and this will lead to very strong inflationary pressures at home. It is unclear how the Fed is going to deal with that. It probably can’t. Furthermore, the US is probably in the worst of positions to deal with a new Gold standard. They claim to have 8,000 tonnes of Gold in Fort Knox, but nobody really believes that.

    The hyperinflation scare that the Austrians have been promoting because of ‘money printing’ is ridiculous: we are in a stagflationary depression and prices are rising because of speculation, not because of excess money. But when the dollar loses its current status, long term price rises will become the norm.

    The Greatest Depression has only just started.

    http://realcurrencies.wordpress.com/2013/04/07/the-dying-dollar/

     
  2. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: The greatest depression has just started?

    Does anyone think we have 800 tons of gold in Fort Knox?

    It probably looks more like a room full of empty crates and dust!

     
  3. You have chosen to ignore posts from Sistersledge. Show Sistersledge's posts

    Re: The greatest depression has just started?

    Strict rules of golf ..... but of course !

    http://www.youtube.com/watch?v=Qt2WlDM3tEA

     
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  5. You have chosen to ignore posts from UserName99. Show UserName99's posts

    Re: The greatest depression has just started?

    Gold prices haven't risen in 18 months beacuse the economy is stabilizing.

    In bad economic times, the price of gold rises and the fear of owning fiat currencies rises. The greater this fear is, the greater the demand to hold gold.

    The greater the demand, the more the price goes up.

    But when the economy improves, demand dries up, the gold musical chairs fade away and the price drops like a stone.

    Like everything in the Republican universe, Gold lust is a partly political, but it's mostly profit-driven.  The gold bullion advertisers pay a third of the salaries of all right-wing radio hosts as the hosts themselves pitch the tulips by reading copy for gold 'advertisers' with religious fervor.  The gold commercials pitch fear just as GOP policies pitch fear to their voter base.....and you gobble it right up.

     

     
  6. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: The greatest depression has just started?

    In response to UserName99's comment:

    Gold prices haven't risen in 18 months beacuse the economy is stabilizing.

    In bad economic times, the price of gold rises and the fear of owning fiat currencies rises. The greater this fear is, the greater the demand to hold gold.

    The greater the demand, the more the price goes up.

    But when the economy improves, demand dries up, the gold musical chairs fade away and the price drops like a stone.

    Like everything in the Republican universe, Gold lust is a partly political, but it's mostly profit-driven.  The gold bullion advertisers pay a third of the salaries of all right-wing radio hosts as the hosts themselves pitch the tulips by reading copy for gold 'advertisers' with religious fervor.  The gold commercials pitch fear just as GOP policies pitch fear to their voter base.....and you gobble it right up.



    So do you deny that China and Austrailia are working to start a new base currency for their transactions which will remove the dollar as the standard curency in that market?

    do you?

     
  7. You have chosen to ignore posts from Hansoribrother. Show Hansoribrother's posts

    Re: The greatest depression has just started?

    It is only a big deal if the trend continues. Right now this type of thing is a drop in the bucket. Also these other currencies have nowhere near the capacity to handle the volume that the USD does.

    At some point there will probably be a move towards a world currency but that is a long way off.

     
  8. You have chosen to ignore posts from ImYourDaddy. Show ImYourDaddy's posts

    Re: The greatest depression has just started?

    In response to UserName99's comment:

    Gold prices haven't risen in 18 months beacuse the economy is stabilizing.

    In bad economic times, the price of gold rises and the fear of owning fiat currencies rises. The greater this fear is, the greater the demand to hold gold.

    The greater the demand, the more the price goes up.

    But when the economy improves, demand dries up, the gold musical chairs fade away and the price drops like a stone.

    Like everything in the Republican universe, Gold lust is a partly political, but it's mostly profit-driven.  The gold bullion advertisers pay a third of the salaries of all right-wing radio hosts as the hosts themselves pitch the tulips by reading copy for gold 'advertisers' with religious fervor.  The gold commercials pitch fear just as GOP policies pitch fear to their voter base.....and you gobble it right up.

     




    Reason right wing radio has ads on gold is because that demographic tend to invest. And sport radio tend to advertise with online poker

    there are many reason why gold prices rise and fall, when world interest rate is near zero, investments tend to go to equity market or to the commodities market

    In the republican universe ... making money is the goal

    In the democrat universe .. asking government handout is the norm

     

    Now do I agree with this article ... NO

    The dealth of the dollar been going on for years.  The dollar is and  will be the world reserve currencies for years to come

    You can go to 4 corners of this world with the dollar bill and you will have no problem using it to exchange for goods, the chinese Yuan is a soft currency. Outside of China is good of you want to start a fire

    70% of all US notes and bills resides outside of the US, the worlds use them and need them

    numerous currencies are pegged to the dollar

    Commodities are price in $, (if you need to buy a barrel of oil, you need to have $ to make a transaction)

     

     

     

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