Commodity Trade Mantra

Posts Tagged ‘Christine Lagarde’

The US Dollar Has Just Been Shanghaied By The G-20

The main meeting of the G-20 finance ministers and central bank governors was conducted with much publicity. A secret side meeting of a core group consisting of the US, Europe, Japan, China & IMF in Shanghai on Feb. 26, resulted in the biggest dollar take-down operation since the Plaza Accord of 1985 & will go down in history as a major turning point in the international monetary system.

End Of The Era Of Central Banks

Central banks’ maniacal money printing schemes were the only way to keep history’s largest Ponzi scheme growing; & now that confidence in them is failing & the need for gargantuan QE programs just to prevent instantaneous collapse has arrived, it won’t be long before Central banks will have as much relevance as buggy whips.

IMF Now Ready To Slam The Door On The U.S. And The Dollar

The IMF decision to possibly eliminate U.S. veto power and, thus, influence over IMF decisions may come as early as the first quarter of next year. All of these measures are culminating in what I believe will be a more official announcement of a dump of the U.S. dollar as world reserve currency & bring the BRICS into the SDR fold.

Governments Need Inflation, Economies Don't

The only thing that inflation can do is to help governments spend & remain viable. It’s a drug they can’t do without. Economies do just fine with low inflation. The idea that governments can hold inflation to just 2% per annum is preposterous. Once it breaches that level, governments will be powerless to contain it. Endgame will be hyperinflation.

The Father Of High Speed Trading Speaks

The public does not trust their brokers, the markets, the exchanges, or the regulators either. And why should they, given our showing the past few years? To the public the financial markets trading may increasingly seem like a casino, except that the casino is more transparent and simpler to understand.

IMF Report: No End to Economic Breakdown

Unable to advance any solution to a series of mounting economic problems, the ruling elites however, agree on fundamental issues: that interests of banks & financial oligarchs must be defended, whatever the cost & the working class must be made to pay for the crisis that their actions have triggered.

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