In a series of maneuvers, the Chinese authorities have revealed their strategy of implementing a very wide set of measures. Beijing's leaders plan to make the yuan currency as the global reserve currency. The process will be more complete after the issuance of a large volume of debt securities Chinese Govt, soon to arrive. The number of policy actions is impressive. While the USGovt is busy stepping back with the standards of the FASB allowing false bank accounts, preparing programs for the welfare of the Treasury to direct elite colossal loss / failed banks responsible for the crisis, covering up the fraud of Wall Street and the regulatory lapses and debt rating agencies of collusion, and ordering pork, as the bullet train 9,000 million U.S. dollar higher from Disneyland to Las Vegas, the Chinese are making important advances significant criticism. Within a year, the Chinese created the Chinese currency as a legitimate alternative to the USDollar for world trade and, later, to some extent to the global banking. The Chinese Govt has ordered changes in monetary policy that boosted its cash offer of 25.5% over the past 12 months, with a giant stimulus program and bank credit rules relaxed. Since new tricks are being financed by surplus funds new incremental, they are showing their financial power, without harming their accounts vast reserves. The loss in the U.S. Congress could talk about 'pay-go "measures to pay for programs as we move forward, but China does in real terms.
The Chinese are finally an alternative source of strategic plans for large volume, in open defiance, and even finger at the ready for leaders USGovt. From its perspective, Beijing suspects that the U.S. Federal Reserve engineering is a standard secret about America's debt by printing money on a large scale. The Beijing authorities have reacted very noticeable deep pervasive that took many analysts and observers by surprise.
In my opinion, the Chinese success will serve as a spearhead to overthrow the USDollar from its position as the main global reserve currency, called by me the catbird seat. The U.S. has become a horrible steward, in recent years, encouraging massive unions that are finally being recognized. Both Bob and Gary Dorsch Moriarity have put forth last week pointing to articles in the Financial Coup d'Etat events and forces that show Obama in service to their Wall Street masters. The Wall Street Journal and magazines in London have also begun mentioning approved and covered-up failure. This is unheard of in journalism. After leading the Chinese do their job, the new currencies partly supported gold can be more easily released. You could say that Beijing's leaders and its cast of leading economist and banking are tilling the soil for the planting of new coins. At the same time, my perception was that the yuan is very difficult to follow the new currencies introduced, linking them with the weighing basket. Now it is clear that China will lead and others will follow, benefiting from the hard work heavy winds after dealing with geopolitical and interference.
Specific steps to position GLOBAL CHINESE
The report of April Hat Trick Letter on Gold and Currency was posted. Here are some details about the maneuvers described recently made important by China. They both seem to be positioning itself to establish the yuan in the whole world and to strengthen the reserves with the tangible assets. His steps are broad and effective examination. His initiatives display of coordination, planning and research. Then they must deal with political backlash, unintended consequences, internal social problems, and retaliation hidden that will not be discussed (much earlier).
Since last December, China signed agreements with six countries, including Indonesia, South Korea, Hong Kong, Malaysia, Belarus, Argentina and most recently, to currency swaps that would inject money into Chinese foreign banking systems. This would allow foreign companies to pay for goods imported from China in yuan, ignoring the USDollar. This is a function of international agreement.
Beijing is taking steps to use renminbi to settle some accounts of trade between Chinese provinces and neighboring states, starting with Hong Kong. Shanghai and the four cities of Guangzhou, Shenzhen, Dongguan and Zhuhai have been assigned to use the yuan in foreign trade settlements, ordered by a State Council under the auspices of Prime Minister Wen Jiabao. This region of the Pearl River Delta is the location of highest concentration of export-oriented factories. The reason is to reduce the risk of currency fluctuations, and encourage their trade on the decline.
The Chinese authorities have drawn attention to the risks of an international monetary system that relies on the USDollar, seen as increasingly unstable and subject to additional indirect devaluation. A comprehensive campaign has been underway for some months that seems to be coordinated with the participation of many banks and economic leaders.
A plan to establish a cooperation fund of $ 10 billion to support infrastructure projects in countries of the Association of Southeast Asian Nations (ASEAN) has been shocked. The plan was announced earlier this month by Chinese Foreign Minister Yang Jiechi. The ASEAN countries are Thailand, Malaysia, Philippines, Singapore, Brunei, Vietnam and Indonesia. The fund will become a regional development fund.
The Chinese giant recently made purchases for soybeans, copper, iron, crude oil, and more. Chinese companies began seriously to collect raw materials at cheap prices. Moreover, Chinese companies invested $ 16.3 billion in assets abroad in January and February, a rate doubled compared to last year. Areas targeted include Iran, Brazil, Russia, Venezuela and Australia.
points Ambrose Evans-Pritchard that Beijing could one day buy buy gold on a large scale. He jokes in a pattern of copper from a global reserve currency, and has a view that crude oil is also included in the formulas Chinese goods. Interpret these developments as an important initiative towards a position of hard currency assets to the Chinese yuan. Ambrose said: "The beauty of recycling surplus metal from China instead of U.S. bonds is what kills so many birds with one stone:
a) he stops the yuan rise, causing no complaints of currency manipulation by Washington;
b) the metals are easily stored in warehouses instead of oil;
c) The farms tend to rise in value over time since the earth's crust is gradually exhausting its ores accessible;
d) Above all, as a safeguard policy, the industrial revolution in China, while the West may one day face a supply crisis.
GOLD reflects an instability USdollar
The gold cartel is gradually losing control. They can put a 'double' futures contract short bouts. They can reduce the gold lease rates to below zero. They can avoid a default on COMEX eleventh hour. The consolidation process continues with a sculpture on the right handle to the Cup & Handle pattern of reversal in the gold price chart, as patience is certainly tested. Support has been good in the more stable 50-week moving average, aided by May 2008 to support both at 860-865. Today, on Thursday, gold prices finally jumped on the 900 mark, and even silver had a large increase of 3%. The coins are being undermined universally, foundations and governments debauch its offer with what they see as impunity and zero cost, even by mistake. The costs come later, from inflation, loss of stability in the monetary base itself, and new bubbles contingencies. The target gold price continues to 1250-1300 once the mark of 1,000 is cleared. Pay attention to the potential for a crossover stochastix high on green oval next week, an event that coaches notice. That would indicate a substantial change in soon.
Desperate measures like action EuroCB (d) and COMEX open interest of affluence (and) are difficult to repeat and sustain. Exhibition pays great damage to the pillar confidence of the major currencies. The factors behind the very promising high gold are many:
a) negative real interest rates
b) Lack of physical bullion bars or coins is
c) the advent of price inflation next year
d) Euro Central Bank bailout to avoid default COMEX Deutsche Bank
e) Surge at Open interest since mid-March, gold futures contracts
f) Howard Ruff loves the silver due to the scarcity, to restore the gold / silver ratio.
EXPECT The price of gold will make new highs earlier than the USdollar SUFFERS DECLINES IN ANY CURRENCY broad base. The competing currency war will keep the U.S. $ backed by some more time, as other currencies falter. However, the uniform currency devaluations and competitors are used to give gold (and silver) forces. Backstage, some countries are taking tough measures to establish their positions in gold, before the next crisis, as in the summer and again this autumn. In particular the Germans ordered the return of all gold bars home from U.S. shadow prison supervision, while the Arabs are buying every gold ingot available from stores worldwide gold sales in private. They want the next IMF gold.
The Chinese are finally an alternative source of strategic plans for large volume, in open defiance, and even finger at the ready for leaders USGovt. From its perspective, Beijing suspects that the U.S. Federal Reserve engineering is a standard secret about America's debt by printing money on a large scale. The Beijing authorities have reacted very noticeable deep pervasive that took many analysts and observers by surprise.
In my opinion, the Chinese success will serve as a spearhead to overthrow the USDollar from its position as the main global reserve currency, called by me the catbird seat. The U.S. has become a horrible steward, in recent years, encouraging massive unions that are finally being recognized. Both Bob and Gary Dorsch Moriarity have put forth last week pointing to articles in the Financial Coup d'Etat events and forces that show Obama in service to their Wall Street masters. The Wall Street Journal and magazines in London have also begun mentioning approved and covered-up failure. This is unheard of in journalism. After leading the Chinese do their job, the new currencies partly supported gold can be more easily released. You could say that Beijing's leaders and its cast of leading economist and banking are tilling the soil for the planting of new coins. At the same time, my perception was that the yuan is very difficult to follow the new currencies introduced, linking them with the weighing basket. Now it is clear that China will lead and others will follow, benefiting from the hard work heavy winds after dealing with geopolitical and interference.
Specific steps to position GLOBAL CHINESE
The report of April Hat Trick Letter on Gold and Currency was posted. Here are some details about the maneuvers described recently made important by China. They both seem to be positioning itself to establish the yuan in the whole world and to strengthen the reserves with the tangible assets. His steps are broad and effective examination. His initiatives display of coordination, planning and research. Then they must deal with political backlash, unintended consequences, internal social problems, and retaliation hidden that will not be discussed (much earlier).
Since last December, China signed agreements with six countries, including Indonesia, South Korea, Hong Kong, Malaysia, Belarus, Argentina and most recently, to currency swaps that would inject money into Chinese foreign banking systems. This would allow foreign companies to pay for goods imported from China in yuan, ignoring the USDollar. This is a function of international agreement.
Beijing is taking steps to use renminbi to settle some accounts of trade between Chinese provinces and neighboring states, starting with Hong Kong. Shanghai and the four cities of Guangzhou, Shenzhen, Dongguan and Zhuhai have been assigned to use the yuan in foreign trade settlements, ordered by a State Council under the auspices of Prime Minister Wen Jiabao. This region of the Pearl River Delta is the location of highest concentration of export-oriented factories. The reason is to reduce the risk of currency fluctuations, and encourage their trade on the decline.
The Chinese authorities have drawn attention to the risks of an international monetary system that relies on the USDollar, seen as increasingly unstable and subject to additional indirect devaluation. A comprehensive campaign has been underway for some months that seems to be coordinated with the participation of many banks and economic leaders.
A plan to establish a cooperation fund of $ 10 billion to support infrastructure projects in countries of the Association of Southeast Asian Nations (ASEAN) has been shocked. The plan was announced earlier this month by Chinese Foreign Minister Yang Jiechi. The ASEAN countries are Thailand, Malaysia, Philippines, Singapore, Brunei, Vietnam and Indonesia. The fund will become a regional development fund.
The Chinese giant recently made purchases for soybeans, copper, iron, crude oil, and more. Chinese companies began seriously to collect raw materials at cheap prices. Moreover, Chinese companies invested $ 16.3 billion in assets abroad in January and February, a rate doubled compared to last year. Areas targeted include Iran, Brazil, Russia, Venezuela and Australia.
points Ambrose Evans-Pritchard that Beijing could one day buy buy gold on a large scale. He jokes in a pattern of copper from a global reserve currency, and has a view that crude oil is also included in the formulas Chinese goods. Interpret these developments as an important initiative towards a position of hard currency assets to the Chinese yuan. Ambrose said: "The beauty of recycling surplus metal from China instead of U.S. bonds is what kills so many birds with one stone:
a) he stops the yuan rise, causing no complaints of currency manipulation by Washington;
b) the metals are easily stored in warehouses instead of oil;
c) The farms tend to rise in value over time since the earth's crust is gradually exhausting its ores accessible;
d) Above all, as a safeguard policy, the industrial revolution in China, while the West may one day face a supply crisis.
GOLD reflects an instability USdollar
The gold cartel is gradually losing control. They can put a 'double' futures contract short bouts. They can reduce the gold lease rates to below zero. They can avoid a default on COMEX eleventh hour. The consolidation process continues with a sculpture on the right handle to the Cup & Handle pattern of reversal in the gold price chart, as patience is certainly tested. Support has been good in the more stable 50-week moving average, aided by May 2008 to support both at 860-865. Today, on Thursday, gold prices finally jumped on the 900 mark, and even silver had a large increase of 3%. The coins are being undermined universally, foundations and governments debauch its offer with what they see as impunity and zero cost, even by mistake. The costs come later, from inflation, loss of stability in the monetary base itself, and new bubbles contingencies. The target gold price continues to 1250-1300 once the mark of 1,000 is cleared. Pay attention to the potential for a crossover stochastix high on green oval next week, an event that coaches notice. That would indicate a substantial change in soon.
Desperate measures like action EuroCB (d) and COMEX open interest of affluence (and) are difficult to repeat and sustain. Exhibition pays great damage to the pillar confidence of the major currencies. The factors behind the very promising high gold are many:
a) negative real interest rates
b) Lack of physical bullion bars or coins is
c) the advent of price inflation next year
d) Euro Central Bank bailout to avoid default COMEX Deutsche Bank
e) Surge at Open interest since mid-March, gold futures contracts
f) Howard Ruff loves the silver due to the scarcity, to restore the gold / silver ratio.
EXPECT The price of gold will make new highs earlier than the USdollar SUFFERS DECLINES IN ANY CURRENCY broad base. The competing currency war will keep the U.S. $ backed by some more time, as other currencies falter. However, the uniform currency devaluations and competitors are used to give gold (and silver) forces. Backstage, some countries are taking tough measures to establish their positions in gold, before the next crisis, as in the summer and again this autumn. In particular the Germans ordered the return of all gold bars home from U.S. shadow prison supervision, while the Arabs are buying every gold ingot available from stores worldwide gold sales in private. They want the next IMF gold.
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