|
|
|
|
|
|
|
|
|
|
|
|
| RATIOS & INDEXES |
| Gold / Silver | 62.65 |
| Gold / Oil | 14.16 |
| Dowjones / Gold | 11.32 |
|
|
|
|
|
|
|
|
|
 | Articles related to Reserve Currency |  |
| |
 | Jesse - Le Café Américain |
| Paper Gold, Metal Gold - When Worlds Diverge |
| "Price discovery is not a sexy function of markets, but it is critical to the efficient allocation of scarce capital and resources, and to the preservation of the long term wealth of investors and the economy as a whole. If price discovery is compromised by manipulation, then we will all be gradually impoverished and the economy will be imbalanced and unstable."
London Banker, Lies, Damn Lies, and Libor
There are a number of ways to account for it, but this divergence between 'market prices' aSaturday, May 18, 2013 |
|
 | FOFOA - FoFOA |
Glimpsing the Hereafter 2  |
| In this, my 400th post, I will peer into the future, to the Freegold revaluation and beyond. But I do not have an actual crystal ball. All I have is logic and reason, and a little help from Another and FOA. So to quote FOA, "If you came with a notion that I am someone who sees the future, grab the children and run far away." But if you came bearing your own logic and reason, then perhaps you will find this post useful. :D
I will touch on a few topics that have been the subject of recent disSaturday, May 18, 2013 |
|
|
|
| Jesse - Le Café Américain |
| Currency Wars: Russia's Proposal for the Post-Bretton Woods II Global Financial System |
| "The great enemy of clear language is insincerity. When there is a gap between one's real and one's declared aims, one turns as it were instinctively to long words and exhausted idioms, like a cuttlefish spurting out ink.
In our age there is no such thing as 'keeping out of politics'. All issues are political issues, and politics itself is a mass of lies, evasions, folly, hatred, and schizophrenia.
When the general atmosphere is bad, language must suffer."
Eric Arthur Blair
The dollar reseTuesday, May 14, 2013 |
|
| Jesse - Le Café Américain |
 Gold Daily and Silver Weekly Charts - South Africa Imports $1 Billion In Gold Bullion From NYC? |
| The stories on the sidebar are interesting today. The last piece by Golem XIV about What Bankers Don't Know is a 'must read' in my opinion.
I was greatly amused to read that South Africa imported about a billion dollars in gold bullion from New York earlier this year, an amount large enough to turn their trade surplus into a deficit.
The reason given was that South Africa had problems in its mining sector because of union actions etc.
What is not stated is that it was cheaper for South AfricTuesday, May 14, 2013 |
|
| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - Brad DeLong: 'Bernanke Defines What the Market Is' |
| Brad DeLong, the Berkeley history of economics professor, said on Bloomberg TV today that Bernanke is 'the whale that can't be harpooned.'
And hedge funds missed an easy trade by not going along to get along by riding the rising markets. Those that are fading Bernanke are going to be overwhelmed by his power. So just follow the Fed's guidance, obey, and get rich.
As Brad says, and I quote, 'Bernanke defines what the market is.'
That is a fairly profound statement, containing certaiMonday, May 13, 2013 |
|
 | Mike Hewitt - Dollar Daze |
| America's Forgotten War Against the Central Banks |
| In order to pay debts incurred from the Seven Years War with France, King George III of England sought to heavily tax the colonies in America. In 1742, the British Resumption Act required that taxes and other debts be paid in gold.Friday, May 10, 2013 |
|
 | Charleston Voice |
| Where is World’s Gold? |
| Mufti Mubashir
History says Gold goes to where it is respected. 98 percent of Gold at Federal Reserve Bank of New York is owned by central bank of foreign nations and 2 percent is owned by United States of America.
Germany holds more than 3,000 tons of gold bullion, which represents more than 75 percent of its foreign currency reserves.
Germany build its gold reserves as trade surplus after Second World War. Much of world’s gold is stored in vaults underneatTuesday, May 07, 2013 |
|
 | Jan Skoyles - The Real Asset Co |
 5 reasons why US States are keen to return to sound money |
| For many gold bears the fall in the price of gold against the US dollar was a sure sign that faith in the international reserve currency was back. However as Americans rush to order their coins from the US Mint and others lobby their state government to return precious metals to the monetary system, it seems as though the US Dollar is most certainly not back in favour.
Earlier today Arizona Governor Jan Brewer vetoed a bill that would have made gold and silver legal tender in the state, statingMonday, May 06, 2013 |
|
 | James Turk - Goldmoney |
A Short History of the Gold Cartel  |
| Governments want a low gold price to make national currencies look good. Gold is recognizable the world over as the "canary in the coal mine" when it comes to money. A rising gold price blurts the unpleasant truth that a national currency is being poorly managed and that its purchasing power is being inflated.Monday, May 06, 2013 |
|
| Aubie Baltin |
| All That Glitters Is Gold |
| "I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered…" --Thomas Jefferson
I am for doing good to the poor, but...I think the best way of doing goodMonday, May 06, 2013 |
|
 | Deepcaster |
| Profiting from Coming Crises |
| (The Fed is) "creating massive fraud.in the short term it's great for assets.at some point there's a levitational problem."Nouriel Roubini,CNN Money, April 29, 2013Like it or not, several crises are impending in the next few months. And it is highly likely certain of these are unavoidable.Fortunately, it is possible to prepare to avoid significant damage from most of these and indeed to profit, as we indicate here.Unfortunately, if one fails to prepare for certain of these very soon, it will be Friday, May 03, 2013 |
|
 | Jeffrey Lewis |
| Little Cracks in Confidence |
| It looks as if the silver market has finally bottomed, as the tarnished price of silver recovered some of its luster over the last two weeks.The big silver shorts have continued to exit their futures positions, yet there remain some elephants in the market — as evidenced by yesterday's non-economic volatility. Furthermore, despite various perception related issues, the underlying case for holding physical silver remains as strong as ever, while public confidence in paper currencies trends ever lFriday, May 03, 2013 |
|
 | Mish - Global Economic Analysis |
| Year of the Yaun? |
| Last month I received a lot of emails from readers regarding articles on a new currency relationship between Australia and China allowing direct convertibility of Australian dollars into Yuan.
In what may mark the beginning of a historic shift, Australia appears ready to bypass the U.S. dollar as the world’s reserve currency and allow for the direct convertibility of the Australian dollar into the Chinese yuan.
“Reserve currency” is the term used to describe a currency that many governments hFriday, May 03, 2013 |
|
| Mish - Global Economic Analysis |
| Year of the Yuan? |
| Last month I received a lot of emails from readers regarding articles on a new currency relationship between Australia and China allowing direct convertibility of Australian dollars into Yuan.
In what may mark the beginning of a historic shift, Australia appears ready to bypass the U.S. dollar as the world’s reserve currency and allow for the direct convertibility of the Australian dollar into the Chinese yuan.
“Reserve currency” is the term used to describe a currency that many governments hFriday, May 03, 2013 |
|
| Jesse - Le Café Américain |
| Currency Wars: Chinese Gold Rush and American Pravda |
| Sometimes there is a juxtaposition of stories that is just too striking.
Here is a piece that appeared today in the People's Daily Online. It presents some interesting information on the buying of gold in China during the most recent fluctuation in price.
As I seem to recall, China holds so many US dollars that if they tried to convert them into gold and silver, they couldn't. Well, not at anything near today's prices. And their bond selling would certainly stress the Fed's Balance Sheet. Friday, May 03, 2013 |
|
 | Jim Willie CB - Hat Trick Letter |
| Financial Treachery & Harsh Consequences |
| The most powerful element of the shift has been the movement of gold wealth from Western locations (New York, London, Switzerland) to Eastern locations (China, Russia, Singapore, Taiwan, Hong Kong). Most residents of the United States, the United Kingdom, and Western Europe are in shock, constantly distracted by the sweeping disruptive events led by a) unstoppable government deficits, b) the powerful crumble of sovereign bonds, c) the ruinous insolvency of the banking systems, d) the relentless reign of tax terror, and e) the tragic decline of the underlying economiesWednesday, May 01, 2013 |
|
 | Nathan Lewis - New World Economics |
| The Bank of England, 1844-1913 2: The Banking Department |
| We are continuing our look at the Bank of England during the period
1844-1913. In 1844, the Bank fell under a new regulation and
reorganization, in which it was separated into two entities, the
Issue Department and the Banking Department. The Issue Department
was solely responsible for paper banknotes, and operated a system
very similar to the "Making Change" or currency-board type system we
looked at earlier.
April
14, 2013: The Bank of England, 1844-1Sunday, April 28, 2013 |
|
| Jesse - Le Café Américain |
| Reinventing Bretton Woods: Global Finance In Transition - Currency Wars |
| As you may recall, Bretton Woods was the name of the conference, taken from its location, that set up the post World War II international currency arrangement with the US dollar as the reserve currency of the world. It was based on a dollar convertible in gold.
When Nixon arbitrarily shut the 'gold window' in 1971 the world entered a reserve currency system of purely fiat dollars, often called Bretton Woods II.
There are a number of theories that suggest that such a system is not sustainable,Saturday, April 27, 2013 |
|
| Deepcaster |
| Profit, Protection, Despite Cartel Intervention ? April, 2013 Update |
| ?Then, when the Fed?s fire hoses started spraying an elephant soup of liquidity injections in every direction and its balance sheet grew by $1.3 trillion in just thirteen weeks compared to $850 billion during its first ninety-four years, I became convinced that the Fed was flying by the seat of its pants, making it up as it went along. It was evident that its aim was to stop the hissy fit on Wall Street and that the threat of a Great Depression 2.0 was just a cover story for a panicked spree ofSaturday, April 27, 2013 |
|
|
|
|
|
|
|