they should add a little color to the rss feeds
i'll sleep on it.
U.S. Dollar Develepments, The Most Critical Financial Developments of Your Lifetime…
* As the USD depreciate against major currencies, there will come a point where China will have to unpeg the Yuan. It is pegged at USD-CNY 6.825 currently. If China continues with this peg, it will result in inflation and the destruction of their own currency. This is perhaps the main reason why the Chinese government have been actively encouraging their citizens to buy gold and silver. I think China will just re-peg at a higher rates step by step, say CNY6.0, 5.5, 5.0… I doubt the Chinese will allow the free float of the Yuan. They are gradualists when it comes to economic policies, driven mainly by their need for stability.
* Larry Edelson gives his usual sound advice:
The U.S. dollar has now entered the final days of its reign as the world’s reserve currency. I’ve been warning you about it. And the events are unfolding precisely as I predicted …
1. Behind closed doors, the G-20 countries have now taken control of the world’s economic caretaking. It is no longer the G-3 nations that are in charge … or even the G-7 nations. The G-20 is in charge.
Put another way, the U.S. is now being forced to placate our largest creditors in an international forum, where it is now just one of 20 countries in charge of the world’s economic affairs. And it is the largest debtor of the group, by far.
2. Behind closed doors, the Arab Gulf States have also been meeting with Russia, Japan and China to replace the dollar for pricing oil. Make no mistake about this: The world as you know it is changing.
3. And yet, in the open, in public, Washington isn’t making one single comment about these developments. Not one peep. Not even trying to jawbone the dollar higher.
more
.
Submitted by, beast
* As the USD depreciate against major currencies, there will come a point where China will have to unpeg the Yuan. It is pegged at USD-CNY 6.825 currently. If China continues with this peg, it will result in inflation and the destruction of their own currency. This is perhaps the main reason why the Chinese government have been actively encouraging their citizens to buy gold and silver. I think China will just re-peg at a higher rates step by step, say CNY6.0, 5.5, 5.0… I doubt the Chinese will allow the free float of the Yuan. They are gradualists when it comes to economic policies, driven mainly by their need for stability.
* Larry Edelson gives his usual sound advice:
The U.S. dollar has now entered the final days of its reign as the world’s reserve currency. I’ve been warning you about it. And the events are unfolding precisely as I predicted …
1. Behind closed doors, the G-20 countries have now taken control of the world’s economic caretaking. It is no longer the G-3 nations that are in charge … or even the G-7 nations. The G-20 is in charge.
Put another way, the U.S. is now being forced to placate our largest creditors in an international forum, where it is now just one of 20 countries in charge of the world’s economic affairs. And it is the largest debtor of the group, by far.
2. Behind closed doors, the Arab Gulf States have also been meeting with Russia, Japan and China to replace the dollar for pricing oil. Make no mistake about this: The world as you know it is changing.
3. And yet, in the open, in public, Washington isn’t making one single comment about these developments. Not one peep. Not even trying to jawbone the dollar higher.
more
. Submitted by, beast
