Wednesday, April 20, 2011

Rumor: China To Revalue Yuan 10% This Weekend? Dollar To Collapse?

Just stated on CNBC.
I have no way to judge that, but if it comes it is both good and bad.
The good: It's about a third of what has to happen, and as a step function it would apply major cooling to the "Chinese miracle" inflation machine.  They need to do that too, which makes the rumor plausible.  Coming on a long trading weekend here (Good Friday/Passover closes us this week) and on a weekend anyway (China's favored time to do this sort of thing) it would be appropriate both in terms of timing and event.
The bad: While there would be no direct dollar impact from this action since the Yuan is not convertible and thus not part of the $DXY index the indirect effects would be tremendously disruptive in the short term.  This has a high probability of forcing corrective actions by The Fed, perhaps even before the futures market reopens Sunday night.  The risk for The Fed and United States is that the dollar winds up gapping down by hundreds of pips, perhaps threatening the all-time low.  Violation of the all-time low could result in massive pressing of short bets and a possible immediate fiscal crisis.
Please don't take this article the wrong way - I strongly support a Chinese action such as this, even though it's not enough on its own.  The move in the dollar today may be related to this rumor and expectation of action over the weekend.
Beware coming into the weekend with this rumor out there; volatility is, in my opinion, radically cheap against reality and the complacency being displayed by the market is flat-out ridiculous..
LINK HERE..

14 comments:

  1. Where is the birth certificate?

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  2. 901 where is your dog license for your child

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  3. 929 I left it on your mothers night stand along with some cash.

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  4. My mother passed away some time ago, must have been your whore daughter you left it with, you inbred hick, you dont have any worthless cash anyways, soon it will be worth zero, Loser, Drunk!

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  5. not going to happen. It will happen gradually.

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  6. It will happen within the next 18 months

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  7. I agree why is this lying immigrant with conflicting self made comments of where he was born our president?

    Where are his school records and editorials being he work as Harvard's Law Review Editor?...Where are interviews with students who attended his classes and the nature of the discussions in class?

    I mean you want me to trust this douchbag with our tax dollars, our military decisions and our international and financial policy then why is it so hard to get ANY information on his past?...Besides what they want to slowly release in tiny tiny sound bites.

    How many rounds of golf will this idiot play on one of his many vacations and what's his handicap? Maybe he should ease on the grip on the swing.

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  8. He is a Cia asset, you will never find out anything they dont want you to find out, unless he screws them over, then they will lewinsky him and get rid of him. Don't you know how this country works yet? Look at JFK for your answers.

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  9. 11:53 - Perhap he is hiding his files like GWB did as a dumb ass member of the Skulls and Bones. Fake Ass Mo Fo

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  10. in general what's the sentiment when many world steerers and power groups call for a new currency to replace the doller alongside the mass creation of dollers to buy our own debt whether it's held at the fed reserve or not. i guess the big world banks win win either way

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  11. Hussein Obama is as stupid as the Peanut farmer carter and a much bigger and better liar than either bush could ever hope to be. This sonofabitch is in bed with everybody at once, spreading his evil seed to all partners at once

    This community organizing idiot just gave Columbia ( as in country ) 2.8 BILLION of our money to do what?

    Build a Oil refinery so they can sell us Gas

    Last one built in the USA ? 33 years ago

    Refineries are making record profits as .62 cents out of every gallon currently go to refinineries

    The Columbians !

    OMG - Next he will do the same with Hugo - 'cause he loves us too.

    Oh - and then there's the "earth summit" that he and Al Gore have ramped up - "to see if mother earth has the same rights as we humans"

    This dude is Satan man - pure and simple - he and his administration have done NOTHING to further the founding principles of the constitution of this country

    NOTHING - nor will they -

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  12. yeah where is the birth certificate. I have to show my birth certificate, social security card, proof of insurance, and proof that I paid my property taxes just to get my drivers license. Make him show his birth certificate.

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  13. Make him show his cock, bush never showed it because it was small, so that little napoleon had to start wars from his big texas ranch, like a typical loser hick war criminal murderer.

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  14. Anonymous said...
    "He is a Cia asset, you will never find out anything they dont want you to find out, unless he screws them over, then they will lewinsky him and get rid of him. Don't you know how this country works yet? Look at JFK for your answers."

    This is true ,much of Obamas CIA /FBI COINTELPRO 'lefty" history in the corruption of Chigago Black politics scene and even his academic records have been fabricated with any real records "sealed" now by Presidential Executive Order .

    Nobody, like fellow students or fellow basketball players who knew him at Columbia U. can be found , Not even an old ex-girlfried (or boyfriend if you like) seeking a claim to fame or a big payment for a Playboy porn centerfold layout has surfaced .

    Investigating journalist Wayne Madsden has now connected a lot the dots of this CIA agents background and history.
    The CIA and CIA banking was the family business with Obama involved from his youth.

    Start for example with Parts 1 and 2. here at

    http://www.veteranstoday.com/2010/08/18/wayne-madsen-obamas-cia-connections-part-i-and-ii/

    Like in a witness protection scheme ,the state has the ability to create a new personal history and background for say a Mafia Witness .

    Naturally in the case of an undercover CIA agent/spy ,or whatever ,or a COINTELPRO agent moving on ,after a promotion to a new task the government has the ability to create a new personal history and a documented past.
    This can be a good thing ,”in the national interest” , as the CIA can protect its past agents or arrange a job appointment with a suitably documented academic record, a new passport etc.
    That new identity problem and its documentation in Obamas case may not always have been perfect ,Slips ups may be made .
    .
    Here we enter an exposure of what some have called the ruling elite contol by "Deep State" in politics ..The main project is a two political Party system where the politicians locked into party factions contend for the perks , bribes and power of office in turn, but where no real change in society can be got. Sock puppets .

    Or like by establishing seemingly radical alternative ,but in reality police agent controled “Independent “opposition groups , say a radical anarchist/communist Weatherman “leftist” group or the like.
    The State employs more ‘homeland security” CIA agent provocateurs, undercover spies and even internet trolls on the “Left’ than for example communists exist

    At least A million Americans are employed by government “security” in one form or another

    Obama has had a early and deep connection with ex –“Maoist” Weatherman bomb throwing radicals . (but perhaps of the COINTELPRO type?).That are now "forgiven" and promoted to be employed as academics or in well paid roles in Foundations as “Community organizers”

    Awareness that there is a problem with Obamas refusal or inability
    to produce a real long form bith cerificate is now common knowledge,but any further investigation is impossible as the 'original' is "sealed".
    The "deep state" is playing a political game here , it knows it has made a real slip up on this birth certificate business , but as this cover up is a ‘deep state” secret and will never be exposed!. After all it is illegal for even a judge to "Out" a CIA, or ex CIA agent.


    Do people believe that should the “birthers’ movement become strong ,that it is beyond the ability of the US government the CIA etc to forge a properly certified by courts and experts, long form birth certificate , before the next election, so that all the “conspiracy theorist” get mud on their face?

    Obamas future, like his fabricated past is in the hands of the ruling elite and their CIA.
    If the Messiah, black face actor,, fails to perform according their desired
    script and outlives his usefulness to the elite , he indeed awaits a Kennedy or Lewinsky moment .
    Not a deep state “birther”exposure moment.

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