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Yamana Gold, Inc. Message Board

  • goldmanpillageandsack goldmanpillageandsack May 14, 2014 8:21 AM Flag

    Currency War Expanding

    The currency wars are continuing at an accelerating pace…

    The Russians are absolutely at war with the dollar and since the theft of their depositors money via the western banking cartel in Cyprus things have gotten immeasurably worse in east-west relations. On the 20th of this month China, India and Russia will announce the largest energy trading partnership and it will be denominated in Rubles and Yuan instead of dollars. YIKES!

    The U.S. has pushed over $3 trillion into Treasuries and MBS's and another trillion into global stock markets to keep the illusion of prosperity alive.

    The LTRO's pushed over 2 trillion Euros of liquidity into the European banking system.

    Of the largest 33 Central Banks, 28 have eased since the fourth quarter of 2011.

    The Bank of Japan needs to double its Asset Purchase Program in 2014 to gain market share back from Korea and China after the Japanese stimulus resulted in higher import prices

    I'm starting to hear the term "Global Weimar" being tossed about. The commodity price increases are pushing at us again, oil is pushing above $102/bbl as I write. The government can say whatever it wants about inflation but most of us know that prices are on the rise… The Fed just keeps hitting "Ctrl + P" like a rat in a cage with the "Taper" being more illusion than reality as tax receipts came in in April making the government look more solvent than it is...

    It is sheer idiocy to assume that the printers will stop here... or anywhere for that matter. They simply can't, now that the marginal utility of every new dollar is sub $1.00 relative to GDP creation. This means that by the time the "Global Weimar" is in full swing, we will see much, much more competitive easing by nearly all Central Banks.

    This is one of those things that does not matter until it does. It is a self re-enforcing spiral that feeds on itself in an exponential progression where one day, when the curve finally goes vertical it seems to have happened overnight.

    Sentiment: Strong Buy

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    • Central Banks, with their ever expanding monetary inflation are manipulating asset valuations to mask the economic consequences of their debauched currencies and failed policies… Their are now 4,868 paper dollars in circulation for every ounce of gold. That is only counting the currency in circulation, it does not include the currency in bonds, derivatives or stocks… Holy Cheeet Mon!

      Sentiment: Strong Buy

      • 2 Replies to goldmanpillageandsack
      • The thing about all of this is the way people view banksters. They all wear conservative suits and who would EVER think of them as CROOKS. This was not always so. Historical accounts reveal great mistrust of banksters. The guillotine is too good for this bunch of pin-striped suits. That clearly is not the case currently where everyone is plugged into their iPhones in receipt of non-essential information of no help to their well-being.

        When this nation was founded by Declaration they stated within: “...And for the support of this Declaration, with a firm reliance on the protection of divine Providence, we mutually pledge to each other our Lives, our Fortunes and our sacred Honor.”

        These bankster vermin are destroying all the Founders brought into being, along with the lives of millions, not only in this country but in many others. It is just too bad that those who like to tout themselves as “conservatives” every day over the airwaves can’t function to spread the real issue of our economic malaise and point out who is really at fault. Enough of this right/left labeling. But they have spines of Jello unfortunately in comparison to those leaders of over 200 years ago. This all could be turned around, if only the right people would face the realities and speak out.

        In the face of all of this it seems sacrilege to only look at the economic opportunism. The survival instinct is understandable, but without an objective rings quite hollow.

      • That will eventually make $5000 gold a bargain.

    • Trying to spread fear? I think not!

      http://www.nytimes.com/roomfordebate/2012/05/11/have-the-bric-nations-lost-their-momentum/brazils-influence-on-the-world-economy-is-nominal-at-best

    • don't be a worry wart.

 
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