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Yamana Gold, Inc. Message Board

  • goldmanpillageandsack goldmanpillageandsack May 17, 2012 5:45 PM Flag

    Currency War Expands

    This is an extension of what we have been discussing in the other "Currency War" thread. Since that one is getting so long, and I'd like to shift to "What is changing and what might happen", I'll start a new thread. We have a lot of events coming up on the horizon that make me believe that there will be a great deal of news to post here in the next two months...

    To start things off:

    The world’s largest futures exchange, the Chicago Mercantile Exchange (CME), just announced that it’s going to launch new Yuan-based trading products.

    The reason? The CME "expects the Chinese currency to become a major global currency".

    In the past few weeks, we have seen China take aggressive steps in developing trading platforms for the Yuan to become a major world currency. Hong Kong and London and the CME are now going to be official trading centers for cash Yuan. Large U.S. banks are moving into Yuan-based money market funds and other new products.

    Two weeks ago, Tim Geithner visited China to try to convince them to let the Yuan rise at a faster pace and officially backed Beijing’s bid to get the yuan approved as an international reserve currency by the International Monetary Fund (IMF).

    Last week, Fed Reserve Chairman Ben Bernanke gave China’s state-owned banks the green light to come to the U.S. and buy U.S. Banks.

    Clearly, the Yuan is set for a substantially larger role in world finance. If it appreciates, it also means that the dollar is being devalued against China’s currency which will bring inflation.

    Because of the instability of the Euro, the U.S. is seeing it's dollar rise at exactly the time we need it to soften so our exports can recover. The Yuan's major appreciation is not ready for prime time, so another QE program will take place or we will face another deflationary recession in the short term.

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    • This morning Trichet was on Bloomberg saying that the "Euro is a very credible currency".

      Then the IMF came out and said that if the US implemented the automatic spending cuts and tax increases of the "fiscal cliff" it would remove $700 billion from the economy and contract US GDP by 4.5%. It then urged the US to find a permanent solution by funding the deficit and spend the world out of recession...

      Can you say gold and mining stocks are headed up???

      Sentiment: Strong Buy

    • The next wave of paper is about to start flowing to stop us from going over the so called "fiscal cliff".

      We are printing about 40 billion per week right now.

      Japan is continuing to print.

      Europe is continuing to print.

      England? Printing.

      India? Printing.

      China? Yes they are printing.

      Indonesia, Argentina, Brazil, Russia and Australia...

      All are fighting to keep their currencies from appreciating too much... using one common tool...

      Printing.

      Weather it is digital ones and zeros or old fashioned cotton and ink. Nearly all nations are doing it en masse...

      Sentiment: Strong Buy

    • It’s unclear where anything starts and ends on Yahoo’s message boards anymore, so here’s some more “2 cents” for this topic.

      In the United States we cannot do anything about what other countries do, in respect to their issuance of counterfeit money, but we can certainly control, as a people if we stand together in great enough numbers, what the Federal Reserve does, meaning seize their PM assets, and those of the domestic mega-banks, similar to the path taken by US President Andrew Jackson (not a statement also in support of Jackson’s treatment of American Indians and his support for slavery). Such seized PMs should then be used to offer exchange, at current market “rates”, of the fiat US dollar for the PMs that have been seized as a responsibility of the US Treasury Department. We are risking civil disorder if something is not done about the abusive control the financial sector and large corporations have over the “business as usual” attitude towards keeping in place the Fed’s dominance over our currency issuance.

      Would not there be a relatively quick return to prosperity in the United States if this was done? Shouldn’t all concerned want that to happen? There might be a hick-up or two in the interim, but it would sure be better than any outcome if nothing is done. All other countries would be forced to follow to avoid their own risk of civil disorder if they did not follow the lead of the United States. And that would be a BIG step towards a return to what the US Constitution states should be the case anyway.

      See Section 8 of the US Constitution:

      archives gov/exhibits/charters/constitution_transcript html

      Question: if the central banks are adding massive amounts to their gold reserves currently, and also issuing counterfeit money, why should they be allowed to keep that gold? This topic is about “Currency War”. A just war would be the seizure of these gold reserves to be returned to the People, and not these wag the dog, line the bankster pockets adventures in the Middle East. It was stolen from the People during the FDR era, with the final nail placed in the coffin of honest money by US President Richard M. Nixon.

      Just wondring.

    • goldmanpillageandsack goldmanpillageandsack Sep 25, 2012 10:39 PM Flag

      Yikes! China is adding liquidity and did a $45 billion repo.

      Sentiment: Strong Buy

    • Now 2 Trillion Euros are being printed? This war is escalating!

      Welcome to "Planet Zimbabwe".

      Long and strong!!!

      Sentiment: Strong Buy

    • goldmanpillageandsack goldmanpillageandsack Sep 19, 2012 10:00 AM Flag

      Can't resist adding this:

      Since 2009, the amount of physical gold has increased by 8%.

      The six major Central Banks have done the following amount of printing of their currencies:

      Bank of Japan +103%
      European Central Bank +146%
      Peoples Bank of China +151%
      Swiss National Bank +121%
      Our Federal Reserve +223%
      Bank of England +362%

      Again, Gold +8% increase in production and a 65% rise in price.

      All this money has been pushed into the banking system over a very short period of time. Every indicator shows the printing trend of the central banks is accelerating.

      It doesn't take a weatherman to tell which way the wind blows...

      Sentiment: Strong Buy

    • Japan's response to the additional 40 billion dollars now being injected by the Fed every month (+twist) for the foreseeable future is to print another 10 Trillion Yen!

      Currency war continues and escalates...

      Sentiment: Strong Buy

      • 1 Reply to goldmanpillageandsack
      • In the “Creature from Jekyll Island”, Griffin had this to say about Iraq:

        From: THE BEST ENEMY MONEY CAN BUY, page 305

        “ITEM: That leads us to the more recent wars in the Middle East
        and the rise of "Islamic Fundamentalism." Iran, Iraq, Syria, Algeria,
        the PLO, the Muslim Brotherhood, and similar anti-American
        groupings have all received weapons, funding, and clandestine
        support from the U.S. government. In the Gulf War, every effort
        was made to insure that Hussein's regime was contained but not
        destroyed (shades of the Korean and Vietnam wars). Most of his
        bacterial-weapons factories were spared. After the cease fire, he
        was allowed to keep his fleet of helicopter gunships, which he
        promptly used to put down a large-scale internal revolt.

        The big pill to swallow is that Saddam Hussein has been an
        asset to the global planners in the West, and they have done
        everything possible to keep him in power. This strategy has lately
        become so obvious that there is no longer any serious attempt to
        conceal it. The task now is how to explain it to the gullible public so
        as to make it sound like a good idea.

        As mentioned previously, the think-tank and talent pool for the
        implementation of this strategy has been the Council on Foreign
        Relations. In 1996, the Managing Editor of the CFR's monthly
        journal, Foreign Affairs, was Fareed Zakaria, who offered the
        following rationalization:

        “Yes, it's tempting to get rid of Saddarn. But his bad behavior
        actually serves America's purposes in the region ... . If Saddarn
        Hussein did not exist, we would have to invent him.. .. The end of
        Saddam Hussein would be the end of the anti-Saddam coalition.
        Nothing destroys an alliance like the disappearance of the enemy ....
        Maintaining a long-term American presence in the gulf would be
        difficult in the absence of a regional threat.”

        That is about as clear a statement of the Rothschild Formula as
        one is apt to find. Yet, many people cannot believe it is real, even
        Congressmen. For example, Representative James Traficant from
        Ohio, speaking before the House on April 29, 1997, exclaimed:

        “America gives billions to Russia. With American cash, Russia
        builds missiles. Russia then sells those missiles to China. And China,
        who gets about $45 billion in trade giveaways from Uncle Sam, then
        sells those Russian-made missiles to Iran.

        Now Iran, with those Russian-made missiles sold to them by
        China, threatens the Mideast. So Uncle Sam, who is concerned about
        Iran threatening the Mideast because of those Russian-made
        missiles sold to them by China that we financed by American cash
        sends more troops and sends more dollars. .. . Mr. Speaker, this is not
        foreign policy. This is foreign stupidity.” …”

        The bottom line in all of this, as Griffin points out, is there are huge amounts of “money” to be made off of armed conflicts. It is left to the reader to consider the implications.

    • goldmanpillageandsack goldmanpillageandsack Aug 22, 2012 11:17 AM Flag

      I am bumping this post for your consideration.

      Unfortunately, the larger discussion that prefaced this has been deleted from the board history. This is unfortunate because it contained some very solid posts from a number of posters...

      Enjoy!

      • 1 Reply to goldmanpillageandsack
      • Well, this is the most recent post I can find on this thread, although when I got back and checked the page it said, "6 hours ago" and this one says "11 days ago"... I like the new format better than the old format, but there was some formating back around 35 or 40 years ago on the early forums that was even better... I guess that the more schooling these people get the worse the formating is? Whatever.

        I would have liked to reply to the most current comment, but cannot find it...Currency Wars is a very valid topic, especially today.

    • goldmanpillageandsack goldmanpillageandsack Jul 17, 2012 12:53 AM Flag

      China continues to ink deals for cross-currency trade...

      Now it is Australia.

      On the easing front, the bank of England poured another 50 billion of stimulus into the markets with nary a blink.

      None of this matters of course. Until it does.

    • “…How is this not news for the big news companies?”

      Maybe we should start being more accurate about what we call them. In the Soviet Union the major newspaper was Izvestia, and was sanctioned by the USSR. Here there are few newspapers and many of them pander to governments; Federal, state and local. Thereby maybe they should be christened with one name, Propaganda Today. A few that fit the bill of actually adhering to journalistic principles, and report unbiased news, can keep their names.

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