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As goes the South African Rand, so goes The World?
Source: BofAML
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sorry that your gold and worldly weath are now worthless....we printed $10 trillion fake dollars.
Well, we'll find out soon enough what ink stained paper is worth and what gold or corn are really worth ;-)
Actually, nmewn, if your ink-stained paper says "US" on it; expect it to be worth quite a bit in the near future.
1's and 0's in a computer: not so much.
When this bubble pops, and credit becomes unavailable, Cash will be King... at least for a while.
[Cash, Bonds, Gold...]
“Sources allege that the CIA prints the falsified ‘Supernotes’ at a secret facility near Washington to fund covert operations without Congressional oversight.”
http://www.globalresearch.ca/experts-suggest-the-cia-not-kim-jong-il-is-...Guess heroin trade only goes so far
Why would they need to conterfiet they can print all they need are 4 trillion not enough jesus
"... CIA prints the falsified ‘Supernotes’ at a secret facility ..."
Now, that is really a waste of Government resources!!
Why not just order the counterfeit dollars from the Fed?
Rule #1: No paper (nor electronic) trails.
"Experts Suggest the CIA, Not Kim Jong-il, is Counterfeiting Dollars"
So is the Federal Reserve.
Believe it or not but the fact is that all currencies will achieve parity sooner or later......when they become worthless or when its owners are haircutted or not allowed to make withdrawals.
Does this mean Krugerrands are on sale?
22 vs 24, I'd go with the Maple everytime for the ten dollars difference.
Absolutely! In canada you must pay tax on purchases of 22k coins - not so with 24k coins.
Side benefit of Maples:
As they are of Canadian origin, they can be legally transported into Canada without declaration at the border.
FWIW Krugerrands and Eagles are not at all desireable in most jurisdictions, as they are taxed as "manufactured goods" at sale or importation, rather than as bullion (a "raw material").
I actually like the copper color of the K. The alloy is supposed to resist wear better too but I don't really fondle any of them enough to make that an issue. Now if I had to pony up more for taxes, well, that would be a deal killer.
No no, don't misunderstand, I was speaking from a strictly value basis. The other metals to drop them to 22 is there to mediate the nicks & scratches from handling you describe.
Its all good ;-)
Which one wears less inside a rectum?
You're going to want to do your own testing and not take somebody's word for that.
A 22 kt coin is easier to test. It "rings" for 2 or 3 seconds when struck, whereas a 24kt coin rings very short, and a tungsten-inside-gold-wrapped coin does not ring at all. A ring test combined with a density test like you can do with a Fish balance on a 22kt coin is (for now) unfalsifiable, and easily done at point-of-sale.
Any LCS of any size can test out gold content with ease. APMEX and the like as well. Just don't do ebay or shady guys in trench coats.
I've my krugerrands safely stored, ironic the za rand has capitulated since the terrorist head Mandela has appeared on every newly printed bank note. When the .gov iafrika eventually change all the names of everything resembling the 'old' South Africa, then the country will realise the African dream of being poor, begging, dumb, bush people.
Long live iAfrika
Would you like to touch my monkey?
Bring it on. I'm ready for it. Let's see how many bailouts we can arrange this time.
Am I missing something it looks very strong or is that chart backward?
ZAR line represents exchange rate against US Dollar. Therefore, higher represents weakness.
Thanks for the explanation ten
Elementary my dear Zombie hunter, I just googled it.
You'd better now 'GOOGLE' a search for Miley Cyrus & Kim Fardashian's ass so you don't get put on a list.
Right now it takse 15.875 ZAR to buy one US dollar. In 2014 it only took about 11 ZAR to buy a dollar.
Well, that's all right then. More is better, right*
* Yes, I am a public school graduate
Once upon a time South Africa was the largest gold exporter on the planet... and the Rand was stronger than the Dollar...
...and then came the "Social Justice"
this time is different
Talk about a currency that should have been pegged to gold decades ago.
We are seeing more and more charts these days that are at ridiculous extremes, yet things seem to be just chugging along, oblivious to it all. I suspect that sooner rather than later, we are going to witness some very newsworthy swings as those charts revert to the mean. I don't know what is going to break or when, but I think it will be fast and uncontrollable.
As long as there has been paper money, fairly quick changes in its value are nothing more than gigantic robberies.
Sociopaths win, the rest loses. That goes for gold/silver price manipulations, too.
The country was done when Mandela took over.
The country wasn't exactly "done" when Mandela took over, but the death warrant was signed, for final execution at a later date.
FWIW I know a lot of South Africans, mostly ex-SA physicians; certain parties there are not shy about bringing their AK47s with them to the hospital.
I take it you are a remnant of the Apartheid regime's supporters? Well over 60, white, and all alone?
speaking of remnants
"'The future is already here – it's just not evenly distributed." -- William Gibson
Expect to see and hear more of people like us as you continue to age and grow ever more isolated from the bygone past that you cling to.
speaking of klingons...whoops, that was a compliment...sorry to star trek fans
Klingon Commander Kang (from the 1st series): "Only a fool fights in a burning house!"
Considering the present conflagration in the Middle East is threatening to burn down everyone's 'house', South Africa's present may well become the world's future.
+1......"Only a fool fights in a burning house"......"day of the dove"....great ST episode....truly shows where we are these days with the oligarchs pushing war
Scandies will never be alone with Allah's million man army.
What exactly would you know about apartheid? Are you referencing your neo liberal tv education again? Oh dear Eirik, you should really fuck off to one of those black ghettos sometime and live your fantasy for a bit. I'll give you a less than average life expectancy age than your new neighbours.
Silly whitey
I'm going to go out on a limb and say Swedish? A looney liberal future 3rd world country with 2nd highest rate of rape in the world. All that you have is your pseudo highhorse mentality.
The country was done so that Mandela could take over.
Not at all... South Africa had a lot of potential during Mandela's presidency and he did a lot of good for the country. Unfortunately his successors have been steadily undoing his work and turning the country into their private fiefdom. Jacob Zuma the current iteration.
Keep in mind, boys and girls, that South Africa literally sits on a gold mine and by rights should have the stablest currency in Africa, if not the world.
Before the ANC/South African Communist Party took over, it was. The rand stood at ZARUSD=1.4 till 1982, and even after years of eeconomic warfare against free South Africa it remained above USDZAR=2.50 till 1989.
What we see now is par for the course when the printing press falls into the hands of black people. ANC South Africa is ZANU-PF "Zimbabwe" minus 15 years, so we can expect the rand to go the way of the "Zimbabwe" dollar in ten years, max, to be replaced with the USD---robbing white South Africans of what little say in their own destiny they still had. Rest assured Janet Yellen has scant interest in whether Afrikaners have a future in their own country even as tax-slaves.
Who could possibly be dumb enough to entrust their country to a fast-talking marxist black guy?
The Free Shit Army.
Charlize Theron. The dumb cow is actually proud of having only voted twice---in 1994 for Mandela, in 2008 for Obama.
Where she expects to go when she's no longer hawt and the money from her movies she didn't piss up the wall is hyperinflated away I don't know.
Maybe by then she plans to be married to a man with real stuff, whom she can murder for his money and pretend it was self-defense. That's what her mother did, I hear.
Cynical, much?
A cynic is someone who sees the world as it is, not as it ought to be.
Wives kill their husbands all the time, to get the old man's money, to stop him from dumping them in favour of someone better-looking and younger, or simply because they're sick of his shit---really petty shit like farting in bed or not doing a good enough job of pretending to listen when they shite on about what some other bitch said to them at the supermarket.
They hardly ever go to jail. The minute they turn on the waterworks, they walk.
A Pollyanna is one who believes this is the best of all possible worlds.
A cynic is one who agrees.
http://www.redoctober.co.za/a-year-from-hell-the-truth-about-south-africa/
SA *USED TO BE* such a prosperous country, before you know what. Now it is racing to be the next failed third-world shit-hole, and you know why.
>>>and you know why.
Because the apartheid-era government failed to educate the black majority?
Just kidding! I just now had my Economist hat on, and was repeating their rationale re Europe's Islamic Difficulties: the failureof European populations to adequately integrate Islamic immigrants. Always reliable, the Economist is.
So, guys, when that new (extended) Muslim family moves to your neighborhood, just have them over and be hospitable, for heaven's sake. Just be real, real careful about what you might say, the food you might serve, the books on the coffee table, the pictures on your walls, and how your women-folk dress. OK?
The problem in SA was due to the policy of keeping the natives alive but suppressed to act as an abundant supply of very cheap slave labor.
A much more successful strategy was followed in the USA, ie kill off all the natives.
Too late for SA.
I'm showing my adopted Mohammedan family how to string Christmas lights.
Worlds #1 rape capital. #2 is Sweden (last I heard)
And with those racial preferences, coupled with de facto one-party rule, came the inevitable corruption. Plum government jobs were given to ANC insiders, irrespective of qualifications, and President Zuma recently spent $24 million of public money to add a pool and amphitheater to his private home. Nonetheless he was reelected to another five-year term in 2014. Think-tank theorist Leon Louw, who helped defeat apartheid, characterizes the crime and corruption in South Africa as “a simple manifestation of the breakdown of the state. The government is just appallingly bad at everything it does: education, healthcare, infrastructure, security, everything that is a government function is in shambles,” he adds.
http://www.frontpagemag.com/fpm/258718/ongoing-tragedy-post-apartheid-so...
That's probably why Israel 'maintains' it's Apartheid policies. They wouldn't want to risk becoming corrupt or anything like that!
Dude Tyler, that's PEANUTS.
My country currency? Plunged 300% during 1998 crisis. That 16% rand plunge? MEANS NOTHING to me!!
These 2 year alone? My currency plunge from 10,200 (to a $) to 13,500. How many was that?
Don't sensasionalize headline dude tyler. Your blogs already famous int'l. You don't need to resort to this low life tactics of soe yellow blogs..
Let me guess.. you're in Indonesia?
Either SA, Brazil, Argentina - wave of sovereign defaults coming. The dollar carry had planted F IEDs in virtually CB in the global trading system.
Whatever the Fed does Wednesday I expect all hell to break loose in the currency and junk bond markets.
Lets not forget Venezuela. They're going to default trying to buy toilet paper!
Why in the h...e...double hockey sticks...would anyone NOT trade a piece of green paper with dead presidents on them for gold or silver...when you know that these greedy bastards ALWAYS will be greedy. Gold and silver have NO counter party risks...meaning your wealth can't be given away to the lazy or used by the shadow government to spread freedom...Print away bithez...I'm good.
Inverted gold price?
Start the long list of failed currencies.
The US has followed Zimbabwe economics.
Of course debts will never to be paid back unless the currency is worthless.
Would make a good movie......
From aparthied to Zimbabwe......
and the sequel will be:....From the American taxpayer to South African held out hand.....
Really? Don't all correlations go to 1 in a crisis? You could probably put up most currencies and get the same sort of relationship, no? In fact, you could probably put up most financial assets and get the same sort of chart. Why pick the ZAR?
because the President recently fired the Finance Minister, the last bulwark of fiscal rationality left in the ANC. because you are watching a country and it's currency collapse before your eyes. and no I don't mean like the "US collapse" which has yet to materialise. I mean literally collapsing before your eyes. you know, real consequences and stuff. it's actually happening!
I can't believe how Yellen can keep a pokerface and say everything is well. Next time she will do more than coughing and gagging.
SA is doomed .... just as Rhodesia was .... without racial malice .... the blacks can't even govern themselves .... correct me if I'm wrong .... and they're too stupid to take advantage of paternalistic white leadership .... SA will grind down to a halt .... I don't make the rules .... but, let's quit pretending .... aboriginees can run a modern economy ?
The bigger problem .... is Muslim sub-humans .... hooking up with evil leftists .... like Hillary and Obama .... the dark ages cometh .... it was the best of times .... and the worst of times .... there are more stupid, selfish, cruel animals .... than there are self-sufficient, saving, enterprising, productive people .... we're talking a ration of 100 : 1 .... good luck, after I'm gone .... LOL ?
The leftists always talk of income equality .... how about lifestyle choices equality .... a resourceful guy like myself .... lives better than people who make .... 3 to 4 times my modest income .... but, I'm considered the rich guy on the block .... who always has a pot of beans to share ?
Been short the Rand for a while now. Long Asia/short Africa has to be the easiest trade in history. Like taking candy from a baby.
FYI:
King Of The Zulus: Country Was Better Off Under Apartheid
Zulu King: Blacks Destroy South Africa
>tbd
lol