The confused looks on traders faces is the “Taper-On” reaction in stocks (after celeberating last night’s false Chinese trade data) as the USD loses steam. Critically, the USD weakness (more usually associated with Taper-off (print-moar-on) is indicative of the ongoing collapse in the JPY-carry trade once again that is gaining momentum as data (and technicals) prompt a Taper sooner than later. US equities are starting to catch down to foreign stocks (and domestic credit), Treasuries are bid (but the Taper?) on safe-haven buying, and gold and silver are spiking as the USD comes under attack…
http://www.zerohedge.com/news/2013-08-08/sudden-dollar-weakness-tapers-early-euphoria-sends-gold-spiking
FOREIGN CENTRAL BANKS Ready to DUMP DOLLAR?? China and Russia Suggesting A New Bretton Woods
Both China and Russia have begun discussing a new Bretton Woods-style
agreement which would back the Yuan with gold and change the very
fabric of the international monetary system. This concept falls right in
line the developing nations’ demand for a replacement of the U.S. dollar,
and, the IMF’s new Special Drawing Rights currency, which is partially
valued in gold, and backed by the IMF’s unaudited gold horde:
JP Morgan fleeing commodities markets? Paper gold decoupling from physical gold? China and Russia suggesting a new Bretton Woods? Is this a signal for something monolithic on the horizon for the global economy? If there is a sudden shift by developing nations away from the dollar and towards a basket currency system partially valuated in gold, this would be disastrous for the American fiscal structure. I have been tracking the slow dump of the greenback since 2006, and I have to say, I’ve never seen escalation like I have seen in the past year. If foreign central banks are planning to drop the dollar as the world reserve, their behavior in metals markets suggests they may be ready to act soon.
JP Morgan fleeing commodities markets? Paper gold decoupling from physical gold? China and Russia suggesting a new Bretton Woods? Is this a signal for something monolithic on the horizon for the global economy? If there is a sudden shift by developing nations away from the dollar and towards a basket currency system partially valuated in gold, this would be disastrous for the American fiscal structure. I have been tracking the slow dump of the greenback since 2006, and I have to say, I’ve never seen escalation like I have seen in the past year. If foreign central banks are planning to drop the dollar as the world reserve, their behavior in metals markets suggests they may be ready to act soon.
DOLLAR INFLATION AT THE SPEED OF LIGHT!!!
Q&A: Galbraith says Obama should call for $12/hour minimum wage
WASHINGTON (MarketWatch) — The Federal Reserve has backed itself into a corner and is finding it hard to get out — and President Barack Obama won’t have much more luck trying to reform the big mortgage-buying giants.
…
MarketWatch : Lot of talk about whether the Federal Reserve can taper — what’s your take?
Galbraith : I have been saying for a long time
that the Fed is stuck, that it has backed itself into the
zero-interest-rate posture and into the holdings that it has of
mortgage-backed securities, and there is now a general expectation of
low long-term interest rates going into the future. The process of
trying to reverse that is going to cause a lot of turmoil and the
Federal Reserve doesn’t like turmoil, so it is probably not going to do
it.
http://www.marketwatch.com/story/the-feds-in-a-corner-economist-galbraith-says-2013-08-09?link=MW_home_latest_newsThe Significance of the Global Currency Reset
The global currency reset looms, as Scott Mowry has so eloquently described. (1) Its date keeps getting set back and everything about it is kept firmly under wraps so we can only guess at the reasons for the postponement. But it’s coming nonetheless.
The “reval” (revaluation), as it’s called, will create a large number of people becoming “instant millionaires.” This alone is a declaration that the time of corraling wealth for the one percent is over.
The reval is expected to be followed soon after by at least the prosperity packages, which will further dent the elite’s control of wealth. The various steps of Pre-NESARA (for lightworkers) and NESARA (for everyone) are said to follow after that, although no one knows the order or the dates.
The global reset has tremendous significance for me, quite apart from making many people much more prosperous and being an injection back into the economy in ever-widening circles.
http://beforeitsnews.com/alternative/2013/07/the-significance-of-the-global-currency-reset-2723742.html
Global Reset and Currency Revaluation explained !
• Historic progress towards freedom made in last six weeks alone
• Return of the US to the gold standard close at hand
• A world of transparency and disclosure rapidly emerging
…
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