Debasing the dollar !

[damnotagain]

With Germany moving its gold reserves home , for obviousness reasons , the dollar is losing ground as the fed continues to print more . Germany is wanting to move away from the dollar , by leveraging their gold against another currency need be . Their lack of faith in our banks is warranted. Germany's PMI is dropping with the next round of a euro crises just down the road they are going to run from the dollar.

China and Japan are holding almost 2.5 trillion of our debt. They are already in a bilateral Monterey exchange yuan-yen to settle trade differences . Chinas move away from the dollar and stepping up the yuan as a reserve currency is happening .

Iran continues to trade oil for gold , BRICS is meeting in South Africa this march. 

 My question is , Could all this have been avoided by living with inflation at 5-6% until our debt is reduced and spending cuts (sequestration) implemented ? A lot of pain no doubt but certainly better than kicking the can and increasing our debt limits and taxes.

[decoy409]

That has been accomplished as this is 'debt credits' or 'Monopoly paper'.

5-6 percent? The patient is on and has been on life support although deceased.

Answer this,where would things be if the BILLIONS,TRILLIONS of debt credit had not been thrown at the fire? And what becomes if they do not continue to do such?

[decoy409]

Tough day. Barometer is up 6 plus 04 about 36. Bad fishin.

Say have ya got a answer to that question as to where it would be without all of that clickity-click? Why I recall when that debt per taxpayer and individual was 6 digit. My how the baby has grown.

www.usdebtclock.org/

[decoy409]

Why they got more butter smeared over the actual,that ya can't taste the lobster anymore!

[damnotagain]

There is no lobster! 

[decoy409]

Well,how about that poor man's lobster.

[grits]

China has been calling out to the international community for years.  They want the world off the dollar standard.  When it happens, we are going to have to pay a much higher price for operating business.  The government will have to increase interest rates on the debt to get people to buy it.  They will have to raise taxes to cover it, and we all better figure out a way to eat weeds, and grass so we can stay alive.

[decoy409]

Weeds and Grass.....that's FUNNY!

Say,is it wrong to look at the current slip of paper called money as 'sound money"? Or better to look at it as paper that is a credit that is working for now?

[texasredneck]

The indians ate acorns, poke (kind of like spinich) and a lot of other native plants.

[grits]

Here it is called poke salad. You have to boil the greens, and get rid of the water.  Repeat mutiple times.  Otherwise, they can be toxic.

[damnotagain]

I think I'll change the title to basting with the dollar .. 

Here is my recipe for Fresh  collard greens 

2 - 3 sweet Italian sausage links cut up in small pieces 

1/2 an onion chopped

 knife blade tip of fresh garlic 

1 carton baby bellas

2tbs veg oil 

saute above drop in greens

add one can of chicken broth 

 cook for about an hour low to med heat. 

Cornbread
Enjoy

[grits]

At one point in time, I told people to convert all of their money to $1 bills.  Carefully wash them, and dry them.  They would need them for toilet paper because in the future, it is all our money will be worth.

[decoy409]

grits, why don't you have a go at the question presented,

Say,is it wrong to look at the current slip of paper called money as 'sound money"? Or better to look at it as paper that is a credit that is working for now?

And where would it all be at right now if the MILLIONS,BILLIONS,TRILLIONS and ongoing 'Silent Run' injections by clickity-click were not being added like air in the floating mattress.

[decoy409]

Found a enjoyable read out of zerohedge as to this debaseing,

Jan. 2013 -

excerpt -

“The world is preparing for possible twin shocks from the parlous. position of the two main reserve currencies, the dollar and the euro. As China weighs up its options for joining in the reserve asset game, gold – the official asset that plays no formal part in the monetary system, yet has never really gone away – is poised, once again, to play a pivotal role.

Many dismiss gold as a relic of the past or as an inadequate hedge against inflation. But from an asset management point of view, as well as on the basis of political analysis, gold has a lot going for it; it correlates negatively with the greenback, and no other reserve asset seems safe from the coming dollar shock.”

The OMFIF offers a confidential, convenient and discreet forum to a unique membership of central banks, sovereign funds, financial policy-makers and market participants who interact with them.

They note that “western economies have attempted to dismantle gold's monetary role. This has failed.”

The report says China's yuan is emerging as a genuine international currency.

“As China aspires to take the lead politically and economically, it is unlikely to be satisfied with storing its wealth simply in liabilities of other countries.”

"The world is headed toward uncharted waters of a durable multi-currency reserve system," it said.

During this uncertain transition period, central banks around the world are expected to increase their interest in gold.

They believe “that the role of gold in the international monetary system will be further enhanced in the coming 10 years as a result of basic uncertainties over the dollar and the euro.”

“For central banks, concerned with preserving value and naturally politically cautious, gold will prove a haven from currency storms.”

GoldCore have long pointed out the real possibility that the world will return to some form of gold standard. Not through a decision of the U.S. Federal Reserve, ECB or BOE but rather through a decision by the People’s Bank of China or the Bank of Russia. They may bring some form of gold backing to their currencies. This would force the hand of western central banks and make them follow suit in order to maintain faith in their currencies.

The unchartered waters and choppy seas of today’s international monetary system make owning physical gold more important than ever.

www.zerohedge.com/news/2013-01-18/%E2%80%9Cgold-will-prove-haven-currency-storms%E2%80%9D-%E2%80%93-omfif-study

Don't expect the answer from as to where it would all stand if the MILLIONS-BILLIONS-TRILLIONS and ongoing Silent Run' injections to the casino were not coming in from clickity-click.

[decoy409]

Morning damnotogain,

Looks like some great roller coaster action out of town. Long live the queen! 

[decoy409]

damnotagain, well at least one answer came in (by wxyz which was,'who cares' )  but the others still are unablle to answer the MILLION-BILLION-TRILLION DOLLAR QUESTION.


How much do you think damnotagain will uncle ben be clickity-clicking up and handing over once again from the american people?

$15 TRILLION for starters was not enough and the LIBOR hole is exposed to WAY OVER $300 TRILLION now.


But WHO CARES! Just keep clickity-clicking up the credits!

[decoy409]

damnotagain, your opener is shaping up,

 

[frankq]

$15 TRILLION for starters was not enough and the LIBOR hole is exposed to WAY OVER $300 TRILLION now.

300 trillion for what? Are you saying 300 trillion is missing somewhere? Could you be more specific? Thanks.

[sunrnr]

Jan 26, 2013 8:36:01 GMT -5 decoy409 said:

Found a enjoyable read out of zerohedge as to this debaseing,

Jan. 2013 -

excerpt -

“The world is preparing for possible twin shocks from the parlous. position of the two main reserve currencies, the dollar and the euro. As China weighs up its options for joining in the reserve asset game, gold – the official asset that plays no formal part in the monetary system, yet has never really gone away – is poised, once again, to play a pivotal role.

Many dismiss gold as a relic of the past or as an inadequate hedge against inflation. But from an asset management point of view, as well as on the basis of political analysis, gold has a lot going for it; it correlates negatively with the greenback, and no other reserve asset seems safe from the coming dollar shock.”

The OMFIF offers a confidential, convenient and discreet forum to a unique membership of central banks, sovereign funds, financial policy-makers and market participants who interact with them.

They note that “western economies have attempted to dismantle gold's monetary role. This has failed.”

The report says China's yuan is emerging as a genuine international currency.

“As China aspires to take the lead politically and economically, it is unlikely to be satisfied with storing its wealth simply in liabilities of other countries.”

"The world is headed toward uncharted waters of a durable multi-currency reserve system," it said.

During this uncertain transition period, central banks around the world are expected to increase their interest in gold.

They believe “that the role of gold in the international monetary system will be further enhanced in the coming 10 years as a result of basic uncertainties over the dollar and the euro.”

“For central banks, concerned with preserving value and naturally politically cautious, gold will prove a haven from currency storms.”

GoldCore have long pointed out the real possibility that the world will return to some form of gold standard. Not through a decision of the U.S. Federal Reserve, ECB or BOE but rather through a decision by the People’s Bank of China or the Bank of Russia. They may bring some form of gold backing to their currencies. This would force the hand of western central banks and make them follow suit in order to maintain faith in their currencies.

The unchartered waters and choppy seas of today’s international monetary system make owning physical gold more important than ever.

www.zerohedge.com/news/2013-01-18/%E2%80%9Cgold-will-prove-haven-currency-storms%E2%80%9D-%E2%80%93-omfif-study

Don't expect the answer from as to where it would all stand if the MILLIONS-BILLIONS-TRILLIONS and ongoing Silent Run' injections to the casino were not coming in from clickity-click.

You forgot to include this little piece of the above "excerpt" ....

This is the conclusion of a wide-ranging analysis of the world monetary system by Official Monetary and Financial Institutions Forum, (OMFIF), the global monetary think-tank, in a report commissioned by the World Gold Council, the gold industry’s market development body.

Puts the hardly unbiased report in a different light don't you think? It's been my experience reports tend to support whatever position the supplier of the commission has ....

I think a search of a wider variety of references may bring wider view points into the discussion.

[sunrnr]

Jan 25, 2013 0:37:54 GMT -5 grits said:

At one point in time, I told people to convert all of their money to $1 bills.  Carefully wash them, and dry them.  They would need them for toilet paper because in the future, it is all our money will be worth.

From beginning of recorded history all monetary systems were based on "perceived value". Humanity has always coveted shiny things such as gold, silver, diamonds, rubies, etc.

At one time in some cultures salt was the most valued, others it was chia seeds, and others gold/silver. Many times gold was considered worthless, but silver was prized and visa versa.

If everything goes to hell, as has been predicted in certain threads on this board, toilet paper will be an extremely valuable asset to have, as will food, ammunition, etc.

One good EMP will make all this insane discussion moot.

It really doesn't matter where things would be if something did or did/not happen. We're in the here and now, all that happened in the past.

There's a book out "No matter where you go, there you are". Question is, where are we headed next

[damnotagain]

Frankq, I am sure decoy is referring to the derivatives market 300 trillion paper time bomb.


"If everything goes to hell, as has been predicted in certain threads on this board, toilet paper will be an extremely valuable asset to have, as will food, ammunition, etc."

sunrnr, good luck finding any ammo. 

Where we are headed is anyone's guess , I know where we would be if Ben had not turned the printing press up to full speed. With all the money printing we have reached a new high! 

50 million now on food stamps , that number would be much higher.

[sunrnr]

Mar 1, 2013 18:52:46 GMT -5 damnotagain said:

Frankq, I am sure decoy is referring to the derivatives market 300 trillion paper time bomb.


"If everything goes to hell, as has been predicted in certain threads on this board, toilet paper will be an extremely valuable asset to have, as will food, ammunition, etc."

sunrnr, good luck finding any ammo. 

Where we are headed is anyone's guess , I know where we would be if Ben had not turned the printing press up to full speed. With all the money printing we have reached a new high! 

50 million now on food stamps , that number would be much higher.

The "300 trillion paper time bomb" comes from news articles in 2007. It's since gone up to 1.2 quadrillion. Is it real? Does it really matter in the long run?

I know, the various arms of the Federal Government (except the FBI) are buying up huge amounts of .223, 9mm, 10mm, 40 cal. and 45 cal. ammunition for unknown reasons according to all the "expert" bloggers out there. Me? I go with the one shot, one kill theory.

So, you and Decoy are the only ones that seem to know where we'd be if the printing presses weren't running 24x7 at the Fed. Would either of you please enlighten us?

[damnotagain]

The "300 trillion paper time bomb" comes from news articles in 2007. It's since gone up to 1.2 quadrillion. Is it real? Does it really matter in the long run?""

Mf global comes to mind. LTCM. AIG. 

If derivatives serve no purpose why have them? 

One shot one kill, now that is impressive . Wonder where ther concept comes from! 

Semper Fi 

[decoy409]

damnotagain, That's a great recipie! Why that may go well with crumb baked channel catfish topped with a sprinkle of tabasco.


300 trillion what.

Where did it go?

Heres a idea!

Why dosent the pundants of the MAIN come on out on every single NEWS station there is,along with every single radio show there is,along with every single newspaper and magazine and explain the FRAUD behind the daily setting and how to cover the next days bets and losses by charging back to the interest players from charge cards to bank accts. to homes,etc,etc.

Where did it go and the rest of the 50/50.

[decoy409]

Came across one of those old Nixon pennies the other day and had to chuckle at it's size (so amll),then started really laughing as now there is nothing left but the illusion of wealth in debt credit paper and coins.

[sunrnr]

Mar 8, 2013 8:21:16 GMT -5 decoy409 said:

Came across one of those old Nixon pennies the other day and had to chuckle at it's size (so amll),then started really laughing as now there is nothing left but the illusion of wealth in debt credit paper and coins.

and the precious metals so called "market" ....

[frankq]

Iran continues to trade oil for gold ,

Iran is under crippling sanctions. They are not trading for gold because they have currency concerns....

the yuan as a reserve currency is happening .

As long as the Chinese continue to inhibit a natural currency float/valuation, and as long as other nations distrust their economic reports, which should be forever, this ain't gonna happen. A stong stable government is required. Now that Communist China has gone Capitalist, they had best stay that way. Should a sizable economic downturn (when..actually) happens, you may see a new form of government there..

Germany is wanting to move away from the dollar

And go to what? The Euro?

[damnotagain]

The euro is trashed. The UK pulling out of the EU by 2017. Germany will revert to a very strong Deutschmark. Backed by all that gold there repatriating . 

Lets watch the run on the banks in Europe (greece) as we watch the 80-90 year old pensioners take a 6-10 % haircut on their deposits.  

 

[frankq]

Agreed...The Euro is a piece of shit. A bad idea from day one. Germany is one of the only countries over there that works for a living.

[frankq]

What will the impending meteor mean to the dollar??