Comment: If in fact this scenario occurs I would imagine all currencies around the world will be affected, since everything is tied to the US Dollar.
Dear Friends,
85 days to go!
Today’s incoming emails exceeded the 1200 mark, a great degree of which are asking me what is the motivation behind a countdown of days for the USDX.
There are various answers to this question of which TA is the least important.
The primary reason for this “out on the limb statement” is that the recent China/US financial Summit meeting in Washington which was requested by China, was not significantly pre-planned.
As I understand it there are two things wanted and one thing disapproved of.
The US financial leadership wants, but more so needs, Chinese buying of US Treasury offerings to remain at these levels but more so to increase to offset the wholly unavoidable increase in offering of US Federal Debt.
The Chinese wish to see the USA support the creation of a Super Sovereign Currency as an offset to dependence on the dollar for international settlements and national reserves.
Link
MOPE = Management of Perspective Economics
Meh.
ReplyDeleteI think more and more people are reading the web bot reports and focusing in on times and dates the web bots think will be significant.
August 22nd for instance.
Mr T made a big mistake for trading in his gold chains for cash at Cash for Gold dot come.
ReplyDeleteThat's com lol need glasses.
ReplyDeleteI got 225k in dollars in 2011 what do I get? One dented hub cap for my '75 vet.
Jim Sinclair is a big fat Eclair
ReplyDelete