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Free World Order
tagged & banned
Joined: 18 Apr 2006
Posts: 2013
Location: Totalitarian EU |
 Fri Dec 22, 2006 4:47 pm
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Gold went to EU banks.
I agree totally with what you have said raze78.
JUST REMEBER; True wealth comes from labour not the currency used.
Sure is, that is why we need to rid the world of minority elite control, then we can all have true prosperity - with no poverty or starvation and barely any crime at all - we just need to cut the chains and free ourselves - but people do not want to accept responsibility - nor will they for what they have allowed to happen to the world - every single person is responsible even if you are born tomorrow - you have to do something in life or why are you even here!
GBP is backed by real value and is almost a perfect currency but the elite bankers own it.
And gold is controlled by using the centralised banking model, gold banking centralised banks by England, London, Germany and China. CHINA AND EU do not want us to use gold as currency. It is theirs' they are very possessive with gold, even though it built empires in the past and was centralised even then, same kind of people running it all pretty much.
I hope me and world expert economists are proven wrong, I hope the EU stops expanding even though some things MEPS do for those countries are beneficial they do not have full control. I hope the UN stop dictating how we should all trade based on the free trade model - invented in England. I hope there will be no world government but there is. So all we can do it try to slow it down and educate people and ourselves as we progress. Something tells me though they will get their way because no one is fighting or taking back their power they have given to the minority elite.
It is still not too late to get back your government or to get in power and help defend freedom and sovereignty. It can still be done and many are fighting for us but their effectiveness is limited and dwarfed with corruption and corporatism. Still though can we raise awareness for the sleeping masses and get them involved but we must become active within government before it is all sold out to the corporatists. Just my opinion shared with others, I have seen the EU and I see the NAU rising. Then the Asian and African Unions can do the same once the major power bases are in place. Then that is it we are in it for an age or more.
http://technocrat.net/d/2006/6/14/4443
http://stopspp.com/stopspp/?page_id=11
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http://home.comcast.net/~plutarch/PoliceState.html
Disclaimer: all my posts are thought crimes and only IMO in the police state we all live in...
http://www.europeantruth.co.uk/index1.html UK is history, USA to RESIST?
http://www.freedom-force.org |
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Ellyn
Joined: 16 Jul 2000
Posts: 4458
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| Thai stocks crash as investors panic over central bank's....
Sat Dec 23, 2006 4:59 am
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http://sg.biz.yahoo.com/061219/1/45jm4.html
Tuesday December 19, 7:51 PM
Thai stocks crash as investors panic over central bank's currency rules
Thai stocks have suffered their worst losses in more than 30 years as panicking investors fled the market after the central bank imposed draconian measures in an effort to halt the baht's rise.
The Stock Exchange of Thailand (SET) composite index plummeted 108.41 points, the biggest one day drop in the 31-year history of the bourse, or 14.84 percent to close at 622.14.
The one day market losses amounted to 816 billion baht (23 billion dollars), according to the SET.
"Investors were really spooked by the new measures," said Sukhbir Khanijoh, a senior market analyst at Kasikorn Securities.
"What we saw today was panic selling and foreign investors were not only confused about the new measures but were worried that the government would announce further tough economic measures," he said.
Losers far outnumbered gainers 460 to eight, with 13 stocks unchanged on turnover of 7.1 billion shares worth 72.13 billion baht (two billion dollars), according to updated figures.
The Thai baht closed at 35.85-90 to the dollar, after hitting a new nine-year high of 35.12 on Monday. The baht has jumped by 14 percent since the start of this year.
The bluechip SET 50 index also dropped 77.75 points to 434.25.
"Investors were really scared by the central bank's measures. Short-term investors were fleeing the Thai stock market," said Tarisa Chaisuntornyotin, a senior market analyst at Siam City Securities.
"Selling was just massive. We never saw anything like this before," Tarisa added.
Before the market's opening, Finance Minister Pridiyathorn Devakula hailed the new regulations, the harshest capital controls since the 1997 Asian financial crisis, "as the best ever measures" taken by the Bank of Thailand.
Pridiyathorn, who was the central bank governor under the administration of deposed premier Thaksin Shinawatra, faced growing pressure from Thai exporters calling on the army-backed government to curb the soaring local currency.
The strong baht makes Thai exports less competitive in overseas markets and slashes the value of companies' repatriated profits. Thai exports account for 65 percent of the Thai economy.
In the face of Tuesday's unprecedented losses, the Stock Exchange of Thailand asked the central bank to "reconsider" the new currency control measures, but the central bank immediately rejected the request.
"The Thai baht rose mainly due to capital inflows. You have capital inflows because the Thai stock market is also going up this year," said Bob Broadfoot, managing director of Political and Economic Risk Consultancy in Hong Kong.
"International investors were betting the Thai currency would appreciate and that's why we saw more capital inflows," he said.
Foreign investors account for 40 percent of the Thai stock market with 50 percent from domestic investors and 10 percent from institutional investors.
The central bank said Monday financial institutions would be required, from Tuesday, to withhold 30 percent of foreign currencies coming into the baht, except those related to exports.
If such funds were kept in the country for a year, the depositor would get all their money back.
But if investors wanted to withdraw funds earlier, then the 30 percent would be kept, making it virtually impossible for any short-term investors to make a gain.
The worst stock losses in Bangkok were an unsettling echo of the Asian financial crisis which was sparked when the Thai government was forced to float the baht in July 1997 in a bid to bolster the country's then flagging exports.
The baht promptly crashed, took the Thai economy with it and sent a tidal wave of debt and default sweeping across the region which cost billions of dollars to put right.
The impact was so great that it has taken years for many regional stockmarkets to revisit pre-crisis levels and despite recent gains, Thailand's own bourse still remains far below its all-time high of 1,753.73 in January 1994.
Earlier on Tuesday, the Thai stock exchange suspended trading for 30 minutes after share prices plunged more than 10 percent in opening trade, but investors continued to dump shares following the resumption of trading.
Under current rules, if the stockmarket falls by 20 percent, the SET can suspend trading for one hour. |
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Ellyn
Joined: 16 Jul 2000
Posts: 4458
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| BEN AND HANK'S NOT SO EXCELLENT ADVENTURE
Sun Dec 24, 2006 6:40 am
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http://freemarketnews.com/Analysis/96/6585/ben.asp?wid=96&nid=6585
BEN AND HANK’S NOT SO EXCELLENT ADVENTURE
Friday, December 15, 2006
This week, in what I believe to be an unprecedented diplomatic pilgrimage, the sitting U.S. Secretary of the Treasury and the Chairman of the Federal Reserve were dispatched to China. Ostensibly they were sent to pressure the Chinese into allowing their currency to appreciate against the dollar. In reality, they were more likely sent there to do just the opposite.
Despite the hawkish public tone coming from Washington, the private dialogue was likely to have been far meeker. My guess is that Bernanke and Paulson kowtowed to America’s biggest supplier and largest lender, and pleaded for them to keep the goods and credit flowing. Although it didn’t take place in Macy’s window, the affair may qualify as the “mother of all butt kissings.”
The last thing that Paulson and Bernanke want is for the world to recognize the financial precipice upon which the U.S. economy now teeters, and China’s unique ability to push it over the edge.
It is absurd to imagine that they would actually demand that China revalue its currency. Think about what such a request actually implies. It means that Americans would pay higher prices for the goods they buy and higher interest rates on the money they borrow. Does anyone really believe that American politicians are in China to demand higher prices and higher interest rates for American consumers? Since such a combination would surely produce a severe case of stagflation, does anyone really believe that Greenspan and Bernanke went to China to demand that they push the U.S. economy into recession?
It is far more likely that they are there to persuade the Chinese to maintain the current currency peg so that Americans can continue to enjoy the artificially high standard of living that the massive subsidy provides. No doubt they will likely try to convince the Chinese that doing so is in their interest as well, though I am not sure just how much longer that dog will continue to hunt.
Once Chinese officials grasp the concept that the only thing standing between their citizens and much higher standards of living is the currency peg, they will abandon it completely. The result will be abundance in China and scarcity in the U.S. China will then be awash in credit and consumer goods while America will be devoid of both and awash in paper dollars.
Think about today’s unchanged reading on November CPI, or Wednesday’s 1% gain in November retail sales. What would happen to the CPI and retail sales if both prices and interest rates surged? The biggest factor boosting retail sales was the 6.5% gain in consumer electronics. Does anyone want to guess where most of that stuff was made, or how it was paid for? How many big screen TVs could Americans “afford” to buy on credit if both prices and interest rates went up by 25% or more? As usual, the media interpreted the recent retail sales figures as evidence of a strengthening U.S. economy. Nothing could be further from the truth. Such sales merely reflect the strength of the economies that produced the goods in the first place, not the economy of the nation that went deeper into debt to consume them.
Ironically, during the very week that Paulson and Bernanke were trying to convince the Chinese to keep buying dollars, Alan Greenspan was making a good case why the rest of us should sell. The former Fed chairman, adding his voice to that of his predecessor Paul Volcker, predicted that the dollar’s recent slide would continue for years to come and cautioned that it would be foolish for anyone to keep all of their money in just one currency.
From my perspective it would be foolish for anyone to keep any money in U.S. dollars. If the Chinese come to their senses and pull all that American wool out of their eyes, then look out below.
Before they do protect your wealth and preserve your purchasing power before it’s too late. Discover the best way to buy gold at www.goldyoucanfold.com , download my free research report on the powerful case for investing in foreign equities available at www.researchreportone.com , and subscribe to my free, on-line investment newsletter at http://www.europac.net/newsletter/newsletter.asp |
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kathaksung
Joined: 14 Apr 2005
Posts: 727
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Sun Dec 31, 2006 10:41 pm
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437. Manipulate oil price (9/20/2006)
After Bush took the presidency, he created a huge budget deficit, and a huge trade deficit as well. The deficit will cause a big inflation. So Federal Reserve has to raise the interest rate to deal with it. In June 2006, the overnight interest rate was raised to 5.25%. The Federal 10 years treasury bill was 5.25% too. The 30 years fix mortgage rate reached its recent high: 6.93%. Although this rate is still low viewed from history, it touches off a down turn of the real estate market. Because the price of house is stretched too tight that a tiny increase of the mortgage rate will cause a big change.
Feds hold a large quantity of houses in my case, they tried their best to keep the property value. What we saw are: Federal Reserve stops its step to raise the interest rate. Oil price declined. The rate of bonds goes down. So does the mortgage rate. From June to September, the bench mark rate of Federal funds stays at 5.25%. The rate of 10 year treasury note drops to 4.73% from 5.25%. The 30 years mortgage rate is 6.44% now.
Today you only pay 4.73% interest rate for a ten years long term loan but have to pay 5.25% rate for an overnight loan. Does that mean there will be no inflation within ten years? Or even mean there is a deflation? With common sense you know it's impossible as long as the oil price doubled in one year. All these were done by Feds to protect their property value so you saw these strange phenomenon.
1. Oil price.
The result of a big trade deficit is that foreign countries hold a large amount of US dollar. When US has not enough goods or assets to exchange these dollars back, it has to think of a way to make these countries to keep the dollar instead of dumping it. One way is to push up the oil price.
A country which consumes one million barrel of oil a year has to keep 30 million dollars in bank (when oil price is at 30 dollars/ barrel) Then how much should it reserve if the oil price jumped from 30/barrel to 60/barrel? It has to double its dollar reserve to 60 millions. So large amount of dollars were locked up in bank as oil payment (Dollar is the appointed currency in oil trading.)
Now you know why the oil price jumped so high. It is used to solve the deficit problem of US. To delay the US financial crisis. Who benefit from it?
(1) Oil export country.(Though much of them are Islamic countries which US dislike. There is no choice.)
(2) Speculator (mostly oil groups). They bought in large quantity of future contracts in a short period. Say, from 30/bar to 60/bar, the average price paid was 45/bar. Then when the market was steady at 60/bar to 75/bar, they sold it at average of 67.5/bar. Their profit is 22.5/bar.
(3) Federal Reserve and US economy. Federal Reserve can avoid to pay a high interest rate in order to lure the dollar in. US can avoid a financial crises.
The loser is always the average people. They have to take the final cost - a higher gas price.
But it's a double side sword. High oil price will also cause inflation to force the rising of interest rate. When it endangers real estate market, then we saw a dramatic decline of oil price. (from 75/bar/Aug 3 to 60/bar/Sept 19, a 20% decline in 6 weeks.) After all, the interest of Feds, is above everything else.
To keep in mind that when the oil price went up this year, it's not that oil supply was in shortage. And when the oil price drops recently, it's not that there is less demand. It's not a market economy any more. It's an artificial manipulating market.
Greenspan knew it. But he could only say what he was allowed to say.
Quote, "The former Fed chief also detailed how investors, rather than users of oil, have come to set the price of oil through purchasing futures contracts."
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If Feds call you and defame my message, it is a tactic of intimidation. They don't want people know the fact.
It also proves what I wrote are truth. They are afraid of it. |
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Richard Burgeson
tagged
Joined: 12 Jun 2006
Posts: 613
Location: Erie,PA |
| Time to build a steel manufacturing system
Fri Aug 24, 2007 10:57 pm
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It's time to deport these maga corperations and build an American infrastructure again. I have told people the rich getting richer is not in the public interest for years. In 1976 the Unemployed Council during that reccession watched Catapiller lobby steady while the were in DC. Always with a large attache. The Rothchilds are funding this Iraq s!@# and high on the list of guilty for printing money that has no backing. They give loans to companies to build factories outside the U.S. and after your job leaves the country expects you and the national produce to back it. Don't lose your heads, there is no national gross product. The money is fictional, they have been running you through a financial wringer leading you into monetary slavery. This time when the nation is bankrupt just go through the motions. Just keep going. They were going to screw you with a cashless society, ya, right with cards with the same financial ties. If you don't have a job go out and support your local farmers. Not the big corporate outfits the small guys the government has abandoned. For gods sakes don't attack the farms. Look what losing your head and cutting off the hands that feeds you gets you. Check out South Africa's history on this. Spending without restraint, destorying and crippling the countries manufacturing capabilities, and unwise lending practices have brought you to this point. We can pull out immediately the government has free energy, generators can be patented and built and sold world wide. A needed new product. Let's watch and see if they continue to horde this and thousands of other new products that would have been on the market if they had not been subverting science all these years.
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Thomas Jefferson. " Those who beat their swords into plowshares will plow for those who don't." |
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