China is getting really Pissed off with the U.S. and they are hinting more and more about DUMPING their U.S. T-Bills. They are saying they will trade them for Real assets and Commodities.
The U.S. seems to be wanting them to get Pissed off, because tomorrow (29th of Sept) they will be voting on a raising the Yuan value.
Portion:
The U.S. dollar is “one step nearer” to a crisis as debt levels in the world’s largest economy increase, said Yu Yongding, a former adviser to China’s central bank.
Any appreciation of the dollar is “really temporary” and a devaluation of the currency is inevitable as U.S. debt rises, Yu said in a speech in Singapore today.
“Such a huge amount of debt is terrible,” Yu said. “The situation will be worsening day by day. I think we are one step nearer to a U.S.-dollar crisis.”
Yu also said China is worried about the safety of its foreign-exchange reserves including those invested in U.S. Treasuries as the U.S. currency weakens, reiterating his earlier views on the dollar assets. The U.S. will record a $1.3 trillion budget deficit for the fiscal year ending Sept. 30, the Congressional Budget Office said Aug. 19.
China will independently determine the level of the yuan and the U.S. doesn’t need to vote on the issue this week, Vice Commerce Minister Chen Jian said in Taipei yesterday.
The U.S. House of Representatives is due to vote tomorrow on legislation pressing China to raise the currency’s value amid assertions the yuan is undervalued and gives the Asian nation a trade advantage. The legislation would let companies petition for higher duties on Chinese imports.
Showing posts with label U.S. treasury. Show all posts
Showing posts with label U.S. treasury. Show all posts
Tuesday, September 28, 2010
Friday, August 27, 2010
U.S. Treasury Admits - Home Modification Program Was Strictly To Help the BANKS - NOT the Homeowners!
Very long article - but worth the read
Small Portions:
The Treasury Department's plan to help struggling homeowners has been failing miserably for months. The program is poorly designed, has been poorly implemented and only a tiny percentage of borrowers eligible for help have actually received any meaningful assistance. The initiative lowers monthly payments for borrowers, but fails to reduce their overall debt burden, often increasing that burden, funneling money to banks that borrowers could have saved by simply renting a different home. But according to recent startling admissions from top Treasury officials, the mortgage plan was actually not really about helping borrowers at all Instead it was simply one element of a broader effort to pump money into big banks and shield them from losses on bad loans. That's right: Treasury openly admitted that its only serious program purporting to help ordinary citizens was actually a cynical move to help Wall Street megabanks
The program was successful in the sense that it kept the patient alive until it had begun to heal. And the patient of this metaphor was not a struggling homeowner, but the financial system, a.k.a. the banks. Policymakers openly judged HAMP to be a qualified success because it helped banks muddle through what might have been a fatal shock. I believe these policymakers conflate, in full sincerity, incumbent financial institutions with "the system," "the economy," and "ordinary Americans
Borrowers who choose not to pay their mortgages don't even have to feel guilty about it. Refusing to pay is actually modestly good for the economy, since instead of wasting their money on bank payments, borrowers have more cash to spend at other businesses, creating demand and encouraging job growth. By contrast, top-level Treasury officials who have enriched bankers on the backs of troubled borrowers should be looking for other lines of work.
If anything - this kind of information should Make MORE PEOPLE STAND UP! Against these ........ *(&&^%$$$)*&^!!!!!!!!!!!!!!!!!!
I personally Desire to Take the Banks DOWN!!! I will KEEP Standing UP and asking Others to Stand UP - against the Injustice of the People as a Whole being Bankrupted by the Banks in a systematic Manner!
Monday, July 26, 2010
A MUST READ Jim Willie Article - About U.S. Debt, Treasuries, Gold and How MERS is Fraud!
This article from Jim Willie, puts everything together! The fact the U.S. is monetizing the debt through the Treasury bonds is obvious! How the U.S. Treasury Bonds are some how selling better and more than ever, than before, yet those buying it are "other investors". He also states MERS is complete Fraud in the article!
He literally discuss everything going on with the U.S. and what is really happening, including China and other countries, are stopping buying the U.S. debt and buying Gold.
No matter what the U.S. MSM says and the Government says, the truth is in the numbers and when those are looked at closely, what is really happening is figured out.
There are other signs too - including LBMA - is closing it's data bank info on bullion purchases and information about Gold, as of last week. They are now going to hide the information, due to those who look at it and see the truth through the numbers.
Also, China a couple of months ago, decoupled from the U.S. dollar, though it was still pegged to the dollar. Now, they are saying they are going to no longer peg it to the dollar either. They will be pegging it to a basket of currencies. That means, they know something, we don't about the dollar and what is going on.
Then we have this article about the U.S. dollar and the expectations, due to the charts and indexes of it falling much more within days.
China came out and said the U.S. is insolvent and is going to go bankrupt, last week.
The simple fact of the matter is...... the U.S. is bankrupt, the government has been printing money to buy the treasuries, they have been buying them through the U.K. which has mysteriously come up with billions and billions of dollars to buy the treasuries and has tripled their purchases this year, yet no real source where the money is coming from.
From the Jim Willie Article linked above:
This category supposedly purchased $15 billion worth of USTreasurys in 2008, then jumped with ink jet assist (printing press) in 3Q2009 to a staggering $528.7 billion in purchases, a 35-fold increase. The Household is on track to buy $704 billion worth in all fiscal 2009. The bottom line is a shocker! What is the Household Sector? It is a combination of miscellaneous, ledger adjustments, and blatant monetization. Sprott calls it a PHANTOM that does not exist, but serves the purpose to balance the ledger in the US Federal Reserve Flow of Funds report. In the past, this ledger item was calculated as residuals, securities on loan across groups, even inclusive of rounding error. The monetization is no longer hidden. He concludes that USTreasurys have become one giant Ponzi scheme, just like Bill Gross of PIMCO quipped. This is a smoking gun.
Many, including myself had expected for the fraud to come to light long ago, but in my opinion, due to the Mainstream Media looking the other way and never bringing attention to it, as they do as the government wants, they have been able to continue the Ponzi and Fraud schemes, including the constant manipulation of the metals market.
But, is it now coming to a fast end, due to other countries being totally fed up with the fraud from the U.S.?
Ask yourself these questions.... how is it the stock market is able to go up without any real recovery and the lowest trades, what fraud has been committed there? Why is it at 9am for the last couple of weeks, the metals are all hit and sink in price on no news? Is this the last desperate attempts to scare people out of the metals and the worst hits come on option expiration days? There are thousands of questions that can be asked and by asking them, you will see the data does not make sense to what is going on.
So, all anyone can do, is protect yourself in all ways.... getting out of the markets, buying Metals and buying commodities that can get you through what is going to be coming very soon. The can has been kicked down the street for a few years now, but it has hit the Large Looming Metal Wall and it can't go further. The problem is.... most are asleep to that fact, but won't be able to be asleep for much longer.
If you want to read a very chilling article out today - The Death of Paper Money - it is about what happened in Germany and what is about to happen here. What I did not know and just learned through the article, is ... Germany passed a law during the time of hyperinflation there, that linked the price of gold to loans taken out previously, so the loan amounts went up as the price of gold did! That I did not know. So, will the U.S. government also pass such a law? So, the loans we have right now, will go up in what we owe as gold goes up, thus people can not get out of debt if they protected themselves? So does that mean, there may be a very short time frame of those who have purchased metals to pay off their loans, before some outrageous law is passed that of course protects the banks and not the people?
He literally discuss everything going on with the U.S. and what is really happening, including China and other countries, are stopping buying the U.S. debt and buying Gold.
No matter what the U.S. MSM says and the Government says, the truth is in the numbers and when those are looked at closely, what is really happening is figured out.
There are other signs too - including LBMA - is closing it's data bank info on bullion purchases and information about Gold, as of last week. They are now going to hide the information, due to those who look at it and see the truth through the numbers.
Also, China a couple of months ago, decoupled from the U.S. dollar, though it was still pegged to the dollar. Now, they are saying they are going to no longer peg it to the dollar either. They will be pegging it to a basket of currencies. That means, they know something, we don't about the dollar and what is going on.
Then we have this article about the U.S. dollar and the expectations, due to the charts and indexes of it falling much more within days.
China came out and said the U.S. is insolvent and is going to go bankrupt, last week.
The simple fact of the matter is...... the U.S. is bankrupt, the government has been printing money to buy the treasuries, they have been buying them through the U.K. which has mysteriously come up with billions and billions of dollars to buy the treasuries and has tripled their purchases this year, yet no real source where the money is coming from.
From the Jim Willie Article linked above:
This category supposedly purchased $15 billion worth of USTreasurys in 2008, then jumped with ink jet assist (printing press) in 3Q2009 to a staggering $528.7 billion in purchases, a 35-fold increase. The Household is on track to buy $704 billion worth in all fiscal 2009. The bottom line is a shocker! What is the Household Sector? It is a combination of miscellaneous, ledger adjustments, and blatant monetization. Sprott calls it a PHANTOM that does not exist, but serves the purpose to balance the ledger in the US Federal Reserve Flow of Funds report. In the past, this ledger item was calculated as residuals, securities on loan across groups, even inclusive of rounding error. The monetization is no longer hidden. He concludes that USTreasurys have become one giant Ponzi scheme, just like Bill Gross of PIMCO quipped. This is a smoking gun.
Many, including myself had expected for the fraud to come to light long ago, but in my opinion, due to the Mainstream Media looking the other way and never bringing attention to it, as they do as the government wants, they have been able to continue the Ponzi and Fraud schemes, including the constant manipulation of the metals market.
But, is it now coming to a fast end, due to other countries being totally fed up with the fraud from the U.S.?
Ask yourself these questions.... how is it the stock market is able to go up without any real recovery and the lowest trades, what fraud has been committed there? Why is it at 9am for the last couple of weeks, the metals are all hit and sink in price on no news? Is this the last desperate attempts to scare people out of the metals and the worst hits come on option expiration days? There are thousands of questions that can be asked and by asking them, you will see the data does not make sense to what is going on.
So, all anyone can do, is protect yourself in all ways.... getting out of the markets, buying Metals and buying commodities that can get you through what is going to be coming very soon. The can has been kicked down the street for a few years now, but it has hit the Large Looming Metal Wall and it can't go further. The problem is.... most are asleep to that fact, but won't be able to be asleep for much longer.
If you want to read a very chilling article out today - The Death of Paper Money - it is about what happened in Germany and what is about to happen here. What I did not know and just learned through the article, is ... Germany passed a law during the time of hyperinflation there, that linked the price of gold to loans taken out previously, so the loan amounts went up as the price of gold did! That I did not know. So, will the U.S. government also pass such a law? So, the loans we have right now, will go up in what we owe as gold goes up, thus people can not get out of debt if they protected themselves? So does that mean, there may be a very short time frame of those who have purchased metals to pay off their loans, before some outrageous law is passed that of course protects the banks and not the people?
Wednesday, November 18, 2009
Hong Kong Gold Shipment in Oct From U.S. - FAKE GOLD! This is the Real Take Down SHTF event when it comes out!
Hong Kong Gold Shipment in Oct From U.S. - FAKE GOLD! This is the Real Take Down SHTF event when it comes out!
This is a must read article, this is a continuation of postings below, but much more information.
Seems the U.S. has sold Fake Gold and Hong Kong found their bars were fake in October, filled with Tungsten!
This article is by one of my favorite people who I follow and read his very intelligent and truth articles! Jim Willie - if you don't read his things, you really need to!
Link to article:
Seems the U.S. has sold Fake Gold and Hong Kong found their bars were fake in October, filled with Tungsten!
This article is by one of my favorite people who I follow and read his very intelligent and truth articles! Jim Willie - if you don't read his things, you really need to!
Link to article:
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