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The Theory of Currency Relativity (A Continuing Expose' of Timmy’s Lies)
As a follow up to my latest article in which I exposed
Western Central Bankers for blaming foreign entities for domestically produced
economic problems, I mentioned a theory of currency relativity. Yes, I do know
that I published my original article with a typo in which I stated that US
Treasury Secretary accused the Chinese government of fostering a strong yuan
instead of a weak yuan. Yes, I deserved the criticism I received for what I
admit to be a completely amateurish mistake when I accidentally switched the
word “strong” and “weak” throughout my article.
However, I often write such articles at the very end of long
days very late at night when I have a quick spare moment and admittedly don’t
edit my articles as much as I should before printing them online. That was a big mistake but an innocent
one, and yes, I’m human too, so I do make mistakes occasionally like everyone
else. However, I quickly corrected the mistake on my blog (I also have since
corrected that mistake on sites where I can edit my articles although that
mistake still persists on sites that printed the original article and have not
amended the article to reflect the corrections). Still, many Westerners don’t
want to consider the fact that the Bank of England and the US Federal Reserve
are responsible for the economic woes in the UK and the US and used my mistake to
illogically use that one stupid glaring error on my part to side with Tim
Geithner and blame a “yellow peril” for their own economic struggles. The basis
of my argument in that article really was not compromised and remained intact,
despite the silliness of that particular oversight.
So I return to explain my theory of currency relativity that
sufficiently exposes, as frauds and charlatans, Geithner and other Western
bankers that have created, as a diversionary tactic to bury the truth, an
artificially divisive East-West hostilities among the serfs that inhabit their
kingdoms. Below are five currency charts that chart the Chinese yuan, the US
dollar, the Japanese yen, the British pound and the Euro against one of the
only two real currencies we have today (gold, the other being silver).
The below percentages are the percents each currency has
dropped against gold from their respective October 2008 highs.
The US dollar 52.70%
The Pound 48.53%
The Yuan 45.75%
The Euro 44.75%
The Yen 39.84%
As you can see, the rigged Yuan has actually kept its
strength against gold better than the rigged US dollar and the rigged British
Pound during this same time period. As I stated in my earlier article, of
course the Chinese central bank is rigging the yuan, but such an accusation is
an oxymoron to begin with, because all Central Bankers in all countries take
deliberate steps to rig the strength/weakness of their currencies. The Euro was hardly stronger than the
yuan during the last two years, so why not blame the entire European Union for
America’s economic woes, instead of just the Chinese, Mr. Geithner? Or why not
blame England for America’s woes because the Bank of England let the pound
sterling slide more than the yuan? Despite Mr. Geithner’s attempts to convince
the world that the Chinese yuan is insufferably weak compared to the other
world’s major currencies, the above charts expose that, well, a fiat currency
is a fiat currency is a fiat currency is a fiat currency is a fiat currency.
Join
the more than 7,373 people that have already watched this gold versus fiat
currencies video in just the last six days to understand why gold and silver
will continue to rise against ALL fiat currencies in coming years. Are we saying that gold & silver will continue rising without a pullback or correction? Of course not. All probabilities are that there will be a correction between now and the end of November/beginning of December before the gold/silver bull resumes higher and possibly a decent-sized correction. But the long-term gold/silver bull is still definitely intact.
Since the US dollar clearly has been the weakest currency
against gold, losing an astonishing 52.70% against gold in LESS THAN TWO YEARS,
perhaps it’s time you started looking in the mirror, Mr. Geithner, instead of creating
imaginary scapegoats for the problems you clearly helped create.
About the author: JS Kim is the Chief Investment Strategist
for SmartKnowledgeU, an independent investment research and consulting firm
dedicated to unearthing investment industry fraud and keeping the retail
investor on point. His monthly newsletter, the Crisis Investment Opportunities
newsletter, has returned more than 137% since inception in June 2007 to
September 2010.
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Still gold bargainhunting for eurugoldbugs with gold
under 1000euro.Just take advantage now,euro is
made of same shit as $$.Protect yourself from insane
gouverments.They just keep on printing and cutting
coupons from one's savings.No more grand teft from
my wallet.
There's an economic war going on between East and West over whether there will be a world gold standard, or new (fiat) currency standard.
There are many machinations, posturing and calls of currency wars as part of the reveal. The West prefers a new fiat, and the East would prefer a gold standard. Buy gold.
The East should win since it holds most of the cards and gold is a good hedge either way if any conversion comes for a new fiat. The USD will get hosed because of debt.
Would it need to be gold? I only ask because the East for a long time used silver. China had a long history of using silver as money. naturally not now, but it was the whole reason for the Opium Wars, and back in the day they bled silver out of Rome as well. Not saying they even prefer silver now, only it has a history there.
Agree with you think silver will be a amazing play.
But could not choose between the two,so just bought
50/50.Big advantage of gold is the portability because
of it's high value per ounce,very handy when one is on
the run!!
+1,
...one step ahead of the law and all that jazz. ;)
Ja! Ja! Dinkers! Damn Dinkers! Dollar inkers to infinity!!
The reason for blaming China is simple and has a few facets.
1. They have had a lot of growth: It's easier to blame a growing power for "taking our jobs" "playing unfairly" and the like. Their growth can be pointed to and it attracts natural human envy.
2. Yellow Menace: Simply put the average American has no knowledge of China outside of Jet Li and Kung Fu movies. So they are seen as foreign culturally, racially, and linguistically. It's a lot easier to scapegoat the "other". Imagine trying ot scapegoat Europe, same skin color and more English.
3. Bag Holder: Sure Europe holds a lot of US debt and obligations but as a single holder it's still China. It's still difficult to attack the EU directly with propaganda because it's not a system entirely like a central gov. So sure we could blame UK or Germany, but it's far more economical propaganda to blame the #1 holder.
Your right this is political. The Gov needs a scapegoat to distract the dazed and confused masses. Who is an easier sell to the drugged and xenophobic American, China or the EU? We already used up the "legitimacy" of the Arab scapegoat so it's full speed ahead. They don't want to give up power by admitting fault so they are building a new enemy so they can "save us" from China.
http://www.youtube.com/watch?v=KLni3wbndls
Could somebody put Mr smartknowledgeu out of his misery and show him the following graph:
http://static.businessinsider.com/image/4cb203807f8b9a6f06da0000-584-391...
One could also instruct him on the dangers of confusing cause and effect.
Thank you
Tom Hoenig, is that you?
Sorry but smart people can always make their saving throws versus retardation. Especially your specific retardation. Which you only have to roll a 3 or higher.
Yeah, that reversal of strong and weak in the earlier article made me immediately discard it without further consideration. Too bad others weren't so casual and some actually misused it. Sucked to be you, I bet!
Good analysis here, though. Duh! It's funny so many are being taken in by the political games.
Thanks for your understanding though many others use any slip-up of ours to jump all over us. We've been blogging since 2006 (theundergroundinvestor.com) and have literally written hundreds of articles. Even though our track record over those five years have included calling a lot of the major events of this currency crisis many months, and sometimes years, before they even materialized, some people revel in any slip-up of ours that is bound to happen when we publish so many articles for the public record. And yes, it did suck to be us in that moment!
Is it only OBVIOUS to ME or am I nuts? This stock market is so artifically juiced it's astounding. It's OBVIOUS. the powers that be let it slide until the selling has abated then it's like they flip a switch that governs the slow ride back up.
There is NO F way this is organic. AND how the F could anyone think our stock market is organic. Perhaps you could believe that 10 years ago but today with the dozens of frauds like madoff and mortgage bank situation to name a couple, you should know damn well those who have the money make the rules. You did see the OJ trial didn't you? This stock market is a complete scam.
always wondered... gold in yen
does it realy trade somewhere ? or its just calculated as gold/$ and $/yen rate..
if later ,,, then all this analysis is BS....
alx