Sunday, March 01, 2015

Tim Geithner wants Chinese to go his way at Strategic & Economic dialogue meeting.
Did America's 'Money Leaders' Make Any Deals With China
That The American People Would Not Appreciate?
China Had Some Reason To Feel Upset
.. After Working For Years To
Accumulate & Save Trillions Of $
The FED Then Simply Printed
Trillions More For Its Own Account
IT IS A BIT LIKE WORKING YEARS TO ACCUMULATE SHARES IN THE COMPANY YOU WORK FOR .. THEN YOUR COMPANY PRESIDENT ISSUES AS MANY SHARES TO HIMSELF AS YOU HAD WORKED YEARS TO ACCUMULATE
Tim Cruelworld Writes:
Golden Thoughts – February 2015
We are once again hearing rumors of a repricing of gold to high levels because that was done by the U.S. in 1934 to fight deflation. That particular mechanism is unlikely, because the major western governments no longer rely on gold as a currency. However, there are other forces at work that are accomplishing the same thing.
Exchange Rates
Gold has been trading in a range in U.S. dollars. However, most other currencies have dropped substantially relative to the Dollar and for most of the world population, it is more correct to say that the Dollar is rising steadily and gold is keeping up with it.
Asian Bulk Buyers
It is pretty clear that the Chinese and Indians have been accumulating gold for some time. In the accumulation stage, one does not want to see the price go up. I suggest to all the conspiracy theorists that Asian governments and/or their citizens have both the means and the desire to manipulate prices in order to flush metal out of weaker hands. It may well be that major financial institutions are willing helpers in the price fixing, naked shorting and front-running that goes on unchecked, but they may be the agents of major forces in the East.
Gold bugs have long thought that their own governments were the perpetrators and have been slow to consider that other people might be more motivated. While the Fed and other central banks may be happy to allow it all to continue, they may not be the main players. After all, if the Chinese are happy about the gold market, they will be less inclined to be restless about the much larger market in government debt. 

1 comment:

Anonymous said...

Help me as I struggle