This page has been archived and commenting is disabled.
FX War Update: Rio Offensive Valiantly Defends The Fed's Beach Head
BN *BRAZIL CENTRAL BANK BUYS DOLLARS FOR 1.6775 REAIS AT AUCTION
Reinforcements from the BOJ, ECB, China, Mexico, Canada, Peru expected imminetly.
»
- 5820 reads
- Printer-friendly version
- Send to friend
- advertisements -
Quick! to Isengaard
Mordor Bitchez! One currency to rule them all.....
More like helm's deep, amirite?
"Follow us, stupid hobbits." Said Lloyd. "We know the way!"
LOL
LOL!
LOL†, bitch.
i aint thowin' my muthaf#&$ gold into no muthaf#&$ volcano
Mordor Bitchez!
+1
Link to Treasury with the maturity profile of US debt? Link to rule governeing fed purchase of any one partiuclar issue of debt?
Why? Why would anyone buy that worthless paper?
I can understand wanting to lower your own currency, but why on earth would they exchange their own currency for one which they have no way of competing with, in terms of speed of debasement?
If I was a CB'er, I'd sell my own currency and buy Gold/Silver (, bitches).
I guess its all about kicking the can down the road for 1 more day. Insane.
At the level of the CB - its monopoly money - money for nothing and chicks for free
Or, as was the case in yesterday, kicking the can down the road for a few more hours.
You're assuming the Central Banks always follow their own self interest (oops, sorry, I mean the country in which they are based and serve....self interest) and that there's no collusion among them. If so, I'll take the other side of that trade. :>)
"Why? Why would anyone buy that worthless paper?"
Buy 'stuff' instead of USD's and you're only getting half the 'bang' for your currency devaluing buck. If you can up the other guys at the same time as downing yours, it's better than just downing yours.
True. And wouldn't gold/silver purchases in some measure improve a country's financial position, thereby partially strengthening its currency and offsetting the intended devaluation? From the competitive devaluation perspective, you get the most bang for your peso by flooding the world with your paper and removing dollars at the same time.
My point, though, was that even though you remove Dollars, Uncle Ben's Express can print them far faster than you can buy them, and hence make whatever you just bought entirely worthless.
If, however, you bought Gold/Silver, you might have to print twice as much of your own currency to lower its value, but at least you get something for it.
If "you" could print your own money, and trade it for USD, wouldn't you?
It comes down to a question of which money is more conterfeit.
I am sure buying gold over the acorded amounts is treason among central bankers. If some of them do it the IMF wont be happy.
I love the smell of paper in the morning.
Actually it smells like shit; just like the underwear at the FED.
This will not end until we burn every last dollar in the fires of Mordor!
Paging Ben Shalom Bukkake. Paging Ben Shalom Bukkake...
Why attack a person's ethnicity?
Either:
Come out with a description of your antecedents so we can all have a shot
or
Explicitly state your bigotry so we can all know you for what you are.
Either way:
Quit using the pretense of expressing a legitimate opinion to spread your poison.
Since when is Bernanke Japanese?
I am pretty sure he is not. However, he is a monetary bukkake artist
Yeah... my comment was more at the anti ethnicity rant. When the only part changed is 'bukakke' I'm pretty sure the OP wasn't making fun of his ethnicity.
+1
The Yen broke 82, yikes!
Wow, you have it so wrong and just don't 'get it'.
FYI: Am Jewish so that is not it. Look up the last word in his 'given' name above... then use grey matter of what the world, the Fed, etc are doing to the US dollar/him per se. Think, calculate, perhaps dare i ask you to critically think. This type of 'deep thinking' will then have you realize Ben Shalom Bukkake makes perfect sense.
He's a paid troll. Ignore him.
Am neither paid nor a troll. Just the new name for Bernanke made sense to me. Perhaps i am capable of deeper thinking than some others without tying it to some religion, race, creed, color, etc more than those who may have such biases.
So please remove your notion of such things and think more of the act and how it pertains to Benanke's US dollar action and those of other countries as it pertains to their actions.
Thank You.
Cardinally,
MarketTurth
Not you. FrancisMarion.
Cool. It's all good.
your talmud says kill em all and let g-d sort em out.
TOB SHEBBE GOYIM HAROG ! [ KILL THE BEST GENTILES ! ]
Market Truth
Graffiti leads to broken windows. Broken windows lead to vice. Vice leads to felony.
Don't let the neighborhood go down. Kick that kid with the spraycan in the ass and make him clean up the mess.
There is way too much racism on the net today. It stinks and a little puppy becomes a howling pack pretty quick as you must know.
Market Truth, I am sorry if your intent was innocuous. But you are on thin ice. Be conscious that others are watching with less than benevolent intent.
I enjoy reading all comments and laugh and wince all the time without thinking about calling something out of bounds. But racism is my red line.
Hopefully you will read my comments on other subjects. Sometimes I like to jump someone for the fun of it, though not this time.
Have fun. Yours in ridiculous outrage, FM
Please, go fuck yourself. You're too stupid to get his/her witty and intelligent comment, so you take it as racism, and reply with a threat? Go fuck yourself.
I may have misunderstood someone's intent. But enough about me.
Let's talk about that running sore under your nose. In the face of such suppurating eloquence, I am breathless, I marvel, I bow before the depth of your understanding.
I expire in your quintessence.
Francismarion, politely said and respect the way you said your peace. Agree it is a 'wince' moment, yet there was this word, a type of act i could insert into Ben's name and it made sense to me. Sure it is risky, perhaps a bit overe the top... yet so was the acts of many who help make a change in the world. Am but a small man, frankly, yet perhaps the name may catch on elsewhere and carry with it a meaning as was intended.
GTFOH you moron...thought police alert!!! Dont mention race!! arrrrgggghhh!! its too close to the bone, its too scary, i could get fired! ohhh, people are different, thats fucking really scary.
For the record, personally I would be more offended if someone made fun of my big nose than the colour of my skin...no, hold on, that doesent work. I would be more offended if someone made fun of big ears than the colour of my skin. Its racial horseplay, if you take offence then, other than being irritating to the nth degree, you are totally demented.
If you are white, you are just silly and ignorant.
If you are any other color, boy, are you different from the people I have known before.
Race matters. Too bad for your world view. I suspect you know better and are just posing. With your big face hanging out for every one to gasp at.
I agree - race exists and there are patterns to be seen. Instead of being ashamed of being Jewish, why not celebrate being human?
i dont know since when truth is racism but the folks in charge of the USA are primarily Jews. Not sayen jews are good or bad, just the facts are what they are. Does this statement make me a racist? yet any statement made regarding this oddity gets junked. So are the jews racist or are we so bound by liberal political correctness that we fail to see the danger signs.
its like the other elephant in the room no one acknowledges. There is no law, no justice for average americans.
mere human
As with all your other comments I have read, I find nothing offensive about your observation.
It's when someone draws a false conclusion based on that kind of information that it may become inflammatory.
Personally, I do not look for justice in this world. Maybe I look for a little law from time to time, but my experience is it's dispensed bent as often as it is straight.
In the meantime I don't mind being anybody's fool as long as I can get my licks in.
Personally I very rarely junk. Usually for profanity. If that makes me the thought police, sobeit. A lot of people here are just stretching their lungs and let it all hang out. Me too a lot of the time. But there is a line and if you don't see it, too bad for you.
Are you kidding?.. Stop being disingenuous. You know why you were being fingered as the thought police. Give me a break.. Wow.. ohh yeah... and FUCK your thin ice!
Max Hunter
You are one scwewy wabbit.
I have seen some of your previous posts.You are another one that loves to hate. I'll be calling you on it one day if you keep it up.
See Max, bigotry is stupid. I like to point out what is stupid about it. I can see how that might make you shrill. Tough.
the original hate document says any criticisms are not to be tolerated!
http://www.revisionisthistory.org/talmudtruth.html
it also states that any non jews who study it are to be executed!
the biggest haters of all are quick to charge others with hate/antisemitism.
Profanity just points to a small vocabulary.
"May the fleas of a thousand camels infest your armpits!"
Now creative insults, that's where it's at. :>D
Yes, NEVER point out tribe membership. It leads to THE HOLOCAUST
Am just stating fact, this is not a religious thing for me. My personal experience is such that, and those of various people who may be religious and believe in those things pertaining to the 10 Commandments...
In my own experience, certain AIPAC member say i suffer from self-hatred or, and this is actually 'funny' in a sick sad way, they called me an anti-semite. You just can not make this stuff up. Sad, really, for them to stoop to such easily proven wrong comments. Yet as many know from experience those are their favorite weapons this side of the usual blackmale, bribes, sending in the Jackals or if all else fails one is then suicided. Odds are... colour me living on borrowed time.
"If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that ye were our countrymen." -- Samuel Adams, speech at the Philadelphia State House, August 1, 1776.
Fractional reserve lending leads to inflation, inflation leads to speculation, speculation leads to leverage, leverage leads to excessive risk, which leads to moral hazard, government intervention, and here we are.............
Nothing new under the sun.
Lighten up francis. Shouldn't you be trying to cyber child molesters on yahoo today.
Sorry - not to nitpick but are there any other ethnicities currently running the Fed,Treasury and the TBTF banks?
TIA
Forgive me- not to belabor a point but what conclusion do you draw from your observation?
You're never going to be a good cia or fbi agent if you don't learn good entrapment skills.
The question mark makes it a question - if the answer to the question is no one else then THAT observation would probably lead to some unpleasant conclusions if one would care to look hard enough. I for one don't believe in coincidences, especially in regards to trillions of dollars, nations and the possiblity of the next war which will most likely kill billions of people.
You judge people by their ethnicity. Too bad for those individuals.
You make conclusions based on appearances. Reality is often something else.
Your soft-core approach to the issue doesn't alleviate your responsibility to the truth.
So many merely want to rant on the issue. No one appreciates a good rant more than I. For example, I am fascinated by that extremely ordinary-looking fellow that made all those speeches back in the thirties about that particular ethnic group.
What is almost as interesting as his paroxysms is to look into the faces of his audiences. He is gone. But his audiences are still craning their necks and mumbling his incantations, looking for the next leader.
The next spark in the dry forest.
What made those speeches so interesting was that it was the same clan running the same types of banks that led to the same type of financial catastrophe for their own profit then as now.
There doesn't seem to be a major financial meltdown without necessarily having jewish fingerprints all over it. Is the onus on everybody else to explain this?
7777
You ask:
'Is the onus on everybody else to explain this?'
If you choose to yield the initiative on this question I accept.
My reply is: No more so than the onus is on everybody else to explain the coincidence of how it came to pass that a statistically implausible number of Nobel laureates are Jewish.
Your rage is showing.
Let me try to grasp your pretzel-logic, fm.
you are crediting your race or religion for the Nobel prizes received by people who made their entire careers in scientific communities funded by the taxpayers of Germany, US, France, Canada, UK etc. ?
As I said before, by your criteria it is perfectly legitimate for anyone to attribute the responsibility the crimes against humanity committed by any Jews (and they are a statistically implausible high number) to ALL Jews.
You are a risible and stereotypical example of myopic jewish racial supremacism.
You condemn Jews in the upper reaches of banking for the ills of the economy. What you fail to recognize is that you, Shylockracy, are responsible; for, as a member or the sovereign electorate of the US you can exert your power in an effort to remove them and bring them to justice for the crimes you claim; but you just blather instead. If I believed as you do I wouldn't be sitting on my hands. That makes you pretty pathetic.
And if the crimes you allege are so manifest, why doesn't Barack and his Justice Dept. pursue it?
They're not Jews. Oh-oh! Time to elaborate on the conspiracy theory. No problem! We got plenty conspiracy theory, all you want. What you want? we have it ready it go in five minutez.
To say nothing of your claim of group guilt which is retrograde and foolish, if only for humanitarian reasons.
And you begrudge Jewish achievement in medicine and the sciences, which benefit all mankind, even you, Shylockracy, because their funding is public. You won't even address the marvelously improbable FACT that Jews make up about forty percent of all Nobel laureates in Medicine and Science, though they are way less then one percent of world population
Then you say Jews commit a disproportionate number of crimes against humanity. I can prove (google it) that Jews win far and away a flabbergastingly huge proportion of Nobel Prizes in science and medicine, humanitarians all.
Where's your proof that Jews are committing a disproportionate number of crimes against humanity?
When you post whatever cut and paste you choose, make sure to give context of proportion. This is a site for economics so I am sure you know what I mean.
And please, you said crimes against humanity, be specific what court or independent body condemned them.
I jeer at you in advance because, once again, as always, you have only the rancor or your moniker to back you up and nothing else.
obongo's a jew you nudnik.
http://www.henrymakow.com/is_obama_literally_americas_fi.html
I’m sorry i had to do a double take on what you just said, its so infuriatingly perturbed and belligerently screwed up that i just need your clarification. Are you saying (LOL i cant believe i am asking this) that its the electorates fault for the skulduggery, conniving, thieving, conning, and raping of the economy carried out by dastardly bankers? That the greater majority of the electorate should have been up to speed on the activities of sneaky bankers, seen all this coming and stopped it by VOTING? (at best, you over estimate democracy) Boy, you have some serious priorities to put right, then you can work on the schematic absurdities. You are obviously hiding some perturbed shit if you use that madness as a defence. LOL its the victims fault he got punched in the face, he shouldn’t be so weak and pathetic! She was raped because she was so god damn pretty, what do you expect! Enough, stop talking yourself into a confession.
As for the reasons why Jews have won so many "Prizes" i would say its because Jewish mothers are all ball breakers. Jews are so wound up by their faith and community, so much is expected from them from so many. They carry that spooky faith around their necks, and it inspires them into making crazy commitments…where the greater majority of them eventually mature and realise that they have spent their lives in slavery Then there is the fact that Jews are usually persecuted where ever they go and hence feel the need to prove themselves. Its like asking, why do the Irish have a disproportionate amount of Nobel prizes for literature...its not hard to work out is it? (have we got a bullshitting gene, or just a lot of pubs and nice scenery?…the less obvious one is true) And when it come to racism, the Jews and Muslims have every base covered…nasty deluded bunch, the lot of em . What’s so genetically superior about growing spooky beards, wearing freaky hats and saying prayers all day that never get answered? Pack of retards, basically. pfff
Francismarion's "democracy" gambit, together with "human rights," is the preferred pretext used by Western oligarchs to shut up the the enslaved rabble at home and justify wars of aggression abroad.
It has worked like a charm since Woodrow Wilson and his bankster advisers, through to Obama and his gadarene pigs.
Since in a plutocracy only money talks, the illusion of participatory democracy is the ultimate ruse to indoctrinate the masses into thinking that their peonnage is self-inflicted, that resistence is futile, that misery is their fated lot and that they'd better appreciatingly lick the plutocratic hand that feeds them.
I call bullshit on your Jewish particularist hypocrisy, francis marion.
have to ask this in all seriousness: are you a fucking idiot?
Rage...LOL. Typical jew racebaiting.
But, let's run with it...you are saying then that jews are either statistically more likely to be nobel laureates or bankster conmen?
I would wholeheartedly agree with you.
Plus you didn't answer any questions...you posed another one. The statistical disproportionality of jooz in nobel prizes is relatively easy to explain. Ascedant ashkenazi IQ along with the era in which the nobel has been offered.
Your turn...explain the preponderance of conmen and racketeers.
7777, the reason is that kaiks are stupid and let themselves be used repeatedly. they are convenient scapegoats because they're stupid. You might want to investigate who is setting their tribe up over the last 2 millennia. Hitler failed because he was a slowpoke. Make no mistake. The fema concentration camps are here for a reason. In advance. In case another indecisive slowpoke is put in charge when
this shit-house called USofA comes down. As planned. Will the dumb jews ever figure this out? That's what I want to know.
OK I'll bite - so who do you think is using the Jews?
the same party that hired hofjuden and shtadlans to steal fruits of you labor. Is that "party" also a member of your tribe? That's what I want to know.
Oh I see so if you question what the people running the show are doing and wonder why they are all Jewish then you must be a Hitler lover or a Nazi right? Maybe I just happen to love my country and would prefer to see it restored to at least a semblance of what our founding fathers idealized. I am pretty sure it WASN'T a country run by the banking class(Jewish or not). I am for equal opportunity when it comes to prosecuting those for treason against the USA - you can be white,black,red,Hindu,Jewish,Muslim,Catholic, Christian, etc.
Do you ever listen to yourself?
Sovereign power in the US resides in the electorate. That's you. Why sit on your face and bloviate about conspiracies when you should be out campaigning for a candidate that will uphold your views?
Oh yes, how you love your bygone America. And how convenient that you can do nothing because of a conspiracy. All you have to do is day down and whine. Why aren't you trying harder?
Lots of people despise the Tea Party because they reflexively oppose anyone that they are told to oppose, but those geezers are out there standing up for what they believe, which is way more than you would ever dream of. Why don't you try it?
Why don't you try it? Oh yes, I forgot, the Jews are in control. Help, help, send the helicopter to rescue me, I'm drowning in Jews!
Try harder.
The electorate - really I thought it was the Electoral College. Once again go fuck yourself because you're a douchebag.
The Electoral College consists of the popularly elected representatives (electors) who formally elect the President and Vice President of the United States. Since 1964, there have been 538 electors in each presidential election.[1] Article II, Section 1, Clause 2 of the Constitution specifies how many electors each state is entitled to have and that each state's legislature decides how its electors are to be chosen. U.S. territories are not represented in the Electoral College. The Electoral College is an example of an indirect election.
The election for President and Vice President is not a direct election by United States citizens. Citizens vote for electors, representing a state, who are the authorized constitutional participants in a presidential election. In early U.S. history, some state laws delegated the choice of electors to the state legislature. Electors are free to vote for anyone eligible to be President, but in practice pledge to vote for specific candidates and voters cast ballots for favored presidential and vice presidential candidates by voting for correspondingly pledged electors.[
A victim once again. This time it's the electoral college.Why keep blaming your helplessness on others?
How much further do you go before you say it's the whole world against you?
I recommend you immediate institutionalization for a period of not less then six months.
And keep up the wrath thing- it might work eventually.
This type of passive/aggressive strawman shit is just champagne stuff man, keep it up.
I thought it was the whole world against the poor joos. Always.
If someone came up in the "electorate" who promised to do away with the central bank, the monied bankster clan would conduct an all-out character assassination, just like you do.
hmmm jews expelled from various countries over 100 times,
wonder what brought that on?
http://www.biblebelievers.org.au/expelled.htm
LOL Nobel Prize - didn't Obama get one of those? We can talk about that cozy club at another time. Do you honestly think that if the USA goes in the shitter and the majority of the people that made the decisions to get the country destroyed are Jewish that there isn't any causality? Even if it all just coincidence ,LOL, the angry mob formerly known as the middle class will turn their hatred to a group that they can blame which will probably be the Jews whether it is deserved or not.
Nobels for science and medicine don't come so easy. Your ignorance is curable. Try harder.
Yes, it's too easy to see that with the proper provocation and direction, scared people can be made to do anything. That justifies nothing. Try being reasonable.
As for the real reason things go south, I look to the real power, namely the electorate. Oh, that's you.
You see the problem. You are part of the electorate. Why don't you try harder?
It's the Jews! Waah-haaa.Waah!
LOL sure shill so how do you explain Obama winning a Nobel Prize?
jews giving awards to jews just like oscars, etc.
synagogue of satan: 300 pages of jew activity to ponder.
http://iamthewitness.com/books/Andrew.Carrington.Hitchcock/Synagogue.of....
LOL hey so what power does the electorate have over the Fed you asshole? I am sure you won't answer that you fucking troll.
The sovereign power that permitted its institutionalization still exists. That's you and the rest of the citizens of the US.
Maybe you should get together with a hundred million of your nearest and dearest and fix it.
Or you can just rant about how awful it is and you feel awful about it and it's awfully clear it's a certain ethnic groups fault.
Delusional.
So, supposing we were to rise up and hang all the banksters.
You'd tell us we are antisemitic because of the disproportionality of those punished.
How many jews does it take to fuck up a false flag event?
The ones who do it.
http://www.youtube.com/watch?v=9aPeVWUqVKU&feature=related
UnOb,
"undeserved" is the keyword.
When the average imbecile, a.k.a. J6P/redneck, finally
wakes up, what is he gonna see? guberment infested w/ jews. msm infested w/ jews. banks infested w/ jews. holly flicks infested w/ jews. Who, in his infinite imbecilic wisdom, is J6P, the 'amerikan' going to blame? Kaiks.
Please keep in mind it's by design. As planned. That
script has been played before with success. Why? Because the rats already abandoned the ship with the loot and left stupid kaiks behind to burn in gas chambers while unemployed J6P is put back to work to make "made in USA' ovens. Who do you think the fema concentration camps are for? That's what I want to know.
LOL oh and I forgot to add - Go fuck yourself you moron!
yes, there are. kaiks are too stupid for that. You didnt think the shtadlans and hofjuden came up with this racket on their own, did you? That's what I want to know.
Pseudo
I have read some of your other posts. As you roil in the fire of your misguided anger, you emit all sorts of puzzling thoughts. I cannot find the term kaik. Help me to understand so I can respond. What is a kaik?
do you wish the airan (A~r~y~a~n)nations members frequent this site once the search engines pick up the other/proper/ term for ki(k)ke? That's what I want to know.
kike merely means circle, refers to the curly sideburns of the orthodox.
ponder the various 'miracles' of the holohoax:
http://tarbaby.wordpress.com/2007/09/22/tales-of-the-holohoax/
talk about a bay of pigs
They have always done that, since ever. This time it won't work though...
Isn't Bernanke going to give us a speech today? Everytime that guy opens his mouth there is a melt down. Obama himself doesn't change much...
that is a really cool black and white film picture tyler, thanks for posting. film maybe making a come back. i know it isn't environmentally friendly and all, what is!
And it uses a bunch of silver!! Your photo collections will actually have intrinsic value!
And gold is not back to where it was the other day after this latest round of fiatski printing?
Options expiry. I'm surprised it's doing as well as it is.
Turkey and south africa are back making another charge at.
They are probably saving greece and spain for afternoon.
ooohhh options day.I forgot thanks
I forgot about the day manipulations are legalized. Kinda like when gold closed under 1300 because the routing the bankers contracts have received had it closed above. Meanwhile it has gone well over 1300 since.
I had a dream ... Brazil was buying USDs so they can buy gold.
Who are these Brazilian pretenders and what do they offer?
I want Argentina/Chile to show their might!!!! (Cabernet Sauvignon preferred)
BAC halting foreclosures in all 50 states
WSJ: Bank of America Stops Foreclosures in All States
BofA now has all mortgage department employees working overtime on "mods" rather than foreclosures. "kicking the can down the road" should be the newest olympic sport.
The BACEN (Brazilian Central Bank) has been doing ops like this for years (when needed to stop USD flows), and on a daily basis many times in the past. They even sold options, swaps, etc. So cut the crap. This is not new or news.
I'm in lima right now and the place is booming.
Last night met some locals who work for a large multinational foodservice company here. They were out celebrating a 56% increase in revenue for the fiscal year just ended.
The USA and Canada are like microsoft: old news, too big, too lazy, too inefficient, spoiled, etc etc
SA is the place. A lot easier to learn spanish than chinese too.
+1 SA has mucho potential, I got my Rosetta Stone and have been watching my novellas on Univision.
http://www.sovereignman.com/
basic spanish is ridiculously easy. I used Pimsleur way back and it was good enough to get me through my initial forays down here. Highly recommended.
hope you are watching "sin tetas no hay paraiso'
i could probably move down to SA. i don't learn foreign languages very well, but i don't talk much lately. i think it was all a scam started by jimmy rogers to move to china and push all things chinese. i went over to china, too many chinese people quite frankly. i did enjoy bike riding with them and no helmets and no lycra.
What were you wearing ?
Grains and oilseeds up 6-8% today.
But you can't eat-wait, what?-yes you can eat them.
wow!
well BB wants inflation, looks like he's going to get it.
when does he panic though? That will mark the turn i think.
Grains are going up. Darn, I guess this means the price of my Fruity pebbles are going up.
Dudes, you crack me up... Isengaard... Pigs... Bukkakke... what ever more can be expressed in the comment field @ ZH ;-)
Payback for the Petrobras/Soros loan back in mid 2009
Welcome to 1999 The Sequel...
We are ed...
Brasiew, brasiew...the way it's supposed to work is if you are a major exporter with a strong economy, um, your currency is SUPPOSED to rise. This normalizes everything out.
I love how the world sees the USD...it's supposed to be perpetually strong. We're supposed to eat it so they can have perpetual export growth. WHAT? You US mfers won't CONSUME MORE?
I mean, we hear every goddamned muthafuggin day about how overconsumptive we are yet every freakin nation wants us to do MORE of it to be their customer so they can grow. We constantly hear complaints about how good we have it yet these same nations DON'T WANT their currencies to appreciate against ours. jfc
+1000 Trav....
I t may well be asked why foreign nations would purchase US treasuries at a negative effective interest rate.
As best I understand it (which admittedly may not be so “best”),
(1) US issues more dollars (credit) - the reserve currency for the world
(2) country X gets swamped with depreciating dollars buying up its goods and resources
(3) country X wants to get rid of hot potato dollars because they are depreciating, overheating domestic markets, hurting export profits (unless they raise prices)
(4) Country X is boxed in:
US restricts what can be purchased by foreigners (FL or Vegas real estate anyone?)
Countries Y and Z won’t be too happy about recycling extra dollars from X because it will drive up their own currencies and hurt exports (think Japan’s reaction to recent Chinese yen purchases).
So then, what’s left?
Buy US weapons, or US bonds.
“Back in the early 1970s, U.S. officials told OPEC governments that if they did not do this, it would be deemed an act of war.”
http://www.globalresearch.ca/index.php?context=va&aid=21294?
Rinse and repeat.
in convuluted fashion, lowering the value of one's own currency by direct dollar purchases appears to temporarily offset the inflow of dollars, at least until Bernanke prints some more.
Who the heck are Y and Z supposed to be in your example?
Like what? It doesn't seem any more restricted than in most other countries.
Hmmm. They don't have to - no one is forcing them. Would they have those extra US$ if they didn't run a current account surplus?
Dunno. If I had a lot of dollar-denominated debt to pay back, I'd be buying dollars when they're cheap, too.
Jesus , this thread is hilariously chaotic - how will zero hedge express itself in a coherent manner when Gold goes to $5000 ?
Blame it Rio
(Reuters) - Emerging powers won a battle on Saturday for heightened IMF scrutiny of rich countries' economic policies as world financial leaders sought to defuse mounting tensions over currencies. | Video
ucvhost is a leading web site hosting service provider that is known to provide reliable and affordable hosting packages to customers. cheap vps company believes in providing absolute and superior control to the customer as well as complete security and flexibility through its many packages................ windows vps Moreover, the company provides technical support as well as customer service 24x7, in order to enable its customer price. Thanks forex vps | cheap hosting