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Chavez Launches War Against US Dollar

mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
in Precious Metals
Dominant Social Theme: The government knows best how to manage the money supply; Chavez will lead the way.

Free-Market Analysis: Whoa! Hold the US dollar horses, folks... the global reserve currency game just got a whole lot more interesting. There is, in our humble opinion, a whole lot more to this story than just the repatriation of gold being held at foreign central and commercial banks. It is perhaps the biggest story to unfold in the currency markets in many years.

chavez vs the banks

Coin's for sale/trade.


Tom Pilitowski
US Rare Coin Investments
800-624-1870

Comments

  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    the dollar already has plenty of domestic "friends" helping it shrink in value right before our eyes. with friends like that, you don't need enemies.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • vannvann Posts: 318
    There may be something to the article. There were discussions over forming a single currency for the 12 UNASUR member countries. Many countries in Latin America fix their currency to the USD either officially or unofficially. With several of the Presidents in South America having a pro-Chavez alignment, if the USD continues it's decline, it could prompt the adoption of a gold back currency for the member states, most of which have significant gold production.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    US Fires Back

    That'll teach him image

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭


    << <i>US Fires Back

    That'll teach him image >>




    image

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Why doesn't S&P downgrade FASB?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • JoesMaNameJoesMaName Posts: 1,064 ✭✭✭


    << <i>

    << <i>US Fires Back

    That'll teach him image >>




    image >>



    I so agree - the perfect post!
    image

    You just earned yourself a downgrade Mister!

    ...
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>Why doesn't S&P downgrade FASB? >>


    Because FASB doesn't sell debt or bonds....they sell fraud.

    "The rating agencies were originally research firms. They were paid by those looking to buy bonds or make loans to a company. If a rating company did poorly it lost business. If it did poorly too often it went out of business. Low and behold the SEC came along in 1975 and ruined a perfectly viable business construct by mandating that debt be rated by a Nationally Recognized Statistical Rating Organization (NRSRO). Previously debt buyers would go to the ratings companies to know what they were buying. The new model was issuers of debt had to pay to get it rated or they couldn't sell it. Of course this led to shopping around to see who would give the debt the highest rating."

    MISH's "Rating Agency Prostitution" - excellent

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • johnny9434johnny9434 Posts: 28,307 ✭✭✭✭✭
    i think hugo will be joining the ranks there with saddam and qadafi and others. jmo
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Low and behold the SEC came along in 1975 and ruined a perfectly viable business construct by mandating that debt be rated by a Nationally Recognized Statistical Rating Organization (NRSRO).

    Imagine my surprise!image You mean to tell me that a government agency came along and screwed things up when the existing system was already self-correcting?

    Forget the FASB. The new model is apparently: "too dumb to succeed"
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>

    << <i>Why doesn't S&P downgrade FASB? >>


    Because FASB doesn't sell debt or bonds....they sell fraud.

    "The rating agencies were originally research firms. They were paid by those looking to buy bonds or make loans to a company. If a rating company did poorly it lost business. If it did poorly too often it went out of business. Low and behold the SEC came along in 1975 and ruined a perfectly viable business construct by mandating that debt be rated by a Nationally Recognized Statistical Rating Organization (NRSRO). Previously debt buyers would go to the ratings companies to know what they were buying. The new model was issuers of debt had to pay to get it rated or they couldn't sell it. Of course this led to shopping around to see who would give the debt the highest rating."

    MISH's "Rating Agency Prostitution" - excellent >>



    you mind some good readin' stuff, man.

    author should have dug some longer teeth into the SEC, IMHO..maybe he already has?
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    image any news on this or was it BS?
    Avid collector of GSA's.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>image any news on this or was it BS? >>


    Who knows, it succeeded in keeping our minds off war and greed for at least a day.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • morgansforevermorgansforever Posts: 8,461 ✭✭✭✭✭
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
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