Has the worldwide currency crisis begun?

death2ducks · January 2014

During the cold war, then "West" Germany sent it's entire government's gold supply to be held by our Federal Reserve for safe keeping just in case Russian tanks from East Germany might happen to get on the Autobahn. It was sent to NYC. Recently, (after she found out Obama was listening to her cell phone), Merkel asked to just "see" her German gold. Our Federal Reserve refused her request. Then, she asked for it to be returned to her. Our Federal Reserve refused, but said it could be accomplished over the next 10 years. However, her gold would not come back in the bullion that was sent to us for safekeeping. It would have to be melted down and re-cast. Plus, it wouldn't be the same 99.99% purity that they sent to NYC. It would be between 90%-95% purity. 2013 was the first year for shipment. The gold that was sent was in fact re-cast and of lower purity. However, only half the gold that was agreed to be returned the first year, was actually sent.

None of this was thought to deserve coverage by the main stream media.

Now, HSBC, which stands for Hong Kong Shanghai Bank Corporation, the 2nd largest bank in the world, (for those with liberal arts degrees), has started refusing to give their depositors their money. They are restricting cash withdrawals and asking "Why do you want you money". As I have said, paper money really is worthless unless you believe that the Federal Reserve, (which has never been audited), NEVER does anything the least bit sneaky, (like using Merkel's gold as their own).

Over the past 5 years, all the central banks in the world have been printing money as fast as they can. This assures that the currency exchanges don't get out of whack. Although this is inflationary, the government has removed food and gasoline, (and a few other things that nobody uses), from the inflation index, and the Main Stream Media has downplayed the phoney inflation numbers reported by the government.

Now the 2nd largest bank in the world, (JP Morgan Chase is only #8), is restricting cash withdrawals. Is my prophesy coming true? Is the currency bubble about to pop? I know that the below article is from the BBC, so those with liberal arts degrees should just ignore it.

bbc.co.uk/news/business-25861717

oregonblitzkrieg · January 2014

I don't bother to click on links, so good job for finally summarizing an article in your poast. I actually read it. If you're worried about a currency crisis, you better start buying yourself some gold. A worldwide currency crisis is really hard to imagine. No currency can go to zero trading against another currency. If you're worried that the US currency will become extremely shitty, get an FX account with one of the few firms that aren't scams and trade them over for euros, yen, yuan, zloty, currencies from whatever the fuck country you think is going to kick ass in the short term.

If we really are holding german gold and refusing to give it back or even let them see it, I think it probably no longer exists.

And what do you mean by currency bubble? I haven't looked at the markets lately. I can't imagine the dollar is in any kind of bubble. It's been a piece of shit against all the major currencies for nearly a decade now. Even the fucking Swiss franc and Canadian dollar have become more valuable than a US dollar last time I checked. This is why you have so many Brits snapping up houses in places like NY.

unfrozencaveman · January 2014

Live Bitcoin action - lots of China buying

http://fiatleak.com/

death2ducks · January 2014

Just one word... bitcoins

http://www.youtube.com/watch?v=DHGCvJjat1E&feature=player_detailpage

death2ducks · January 2014

oregonblitzkrieg said:
I don't bother to click on links, so good job for finally summarizing an article in your poast. I actually read it. If you're worried about a currency crisis, you better start buying yourself some gold. A worldwide currency crisis is really hard to imagine. No currency can go to zero trading against another currency. If you're worried that the US currency will become extremely shitty, get an FX account with one of the few firms that aren't scams and trade them over for euros, yen, yuan, zloty, currencies from whatever the fuck country you think is going to kick ass in the short term.

If we really are holding german gold and refusing to give it back or even let them see it, I think it probably no longer exists.

And what do you mean by currency bubble? I haven't looked at the markets lately. I can't imagine the dollar is in any kind of bubble. It's been a piece of shit against all the major currencies for nearly a decade now. Even the fucking Swiss franc and Canadian dollar have become more valuable than a US dollar last time I checked. This is why you have so many Brits snapping up houses in places like NY.

There is a massive currency bubble because there is less and less gold backing up the currencies. It isn't that gold is disappearing, it's because of printing money. After you buy gold, buy food, and then buy ammo, because people just might come for your gold and food.

If we ever had the guts to go back on the gold standard and print gold certificate dollars like we used to, we would retake the world with our currency.

BTW, Merkel has had to have figured out that Germany's gold is gone. The trouble is, what happens when the rest of Germany figures it out? Merkel is really screwed. She can't push us, and she can't let the secret out. If Germany collapsed monetarily, it would take the Euro with it, then the rest of the world. It would be worse than 1929.

For those with liberal arts degrees, it wasn't all that long ago that these were what was used in your wallet...

[Deleted User] · January 2014

Thanks for the FREE PUB!!1!1 in every post. Glad to know you're obsessed with a college kid 2000 miles away in rural Vermont!

Btw won't knock HSBC or JP Morgan because they could be future employers

[Deleted User] · January 2014

LOL re-institute the gold standard. Keep digging.

oregonblitzkrieg · January 2014

CollegeDoog said:
Thanks for the FREE PUB!!1!1 in every post. Glad to know you're obsessed with a college kid 2000 miles away in rural Vermont!

Btw won't knock HSBC or JP Morgan because they could be future employers

Join the enemy and you become the enemy. You've been warned.

[Deleted User] · January 2014

oregonblitzkrieg said:

CollegeDoog said:
Thanks for the FREE PUB!!1!1 in every post. Glad to know you're obsessed with a college kid 2000 miles away in rural Vermont!

Btw won't knock HSBC or JP Morgan because they could be future employers
Join the enemy and you become the enemy. You've been warned.

I already have. #Russell

oregonblitzkrieg · January 2014

If this story was in that link, then they obviously already know. Germany is most fiscally prudent country in the world. History shows that you don't want Germany in a serious economic crisis. It's been described as a country that every so often completely changes its national character. It seems every few hundred years an ancient evil arises in the Nordic countries and tries to exert its will on the world. Nazis, Vikings, etc. It's best they stay economically sound.

oregonblitzkrieg · January 2014

CollegeDoog said:

oregonblitzkrieg said:

CollegeDoog said:
Thanks for the FREE PUB!!1!1 in every post. Glad to know you're obsessed with a college kid 2000 miles away in rural Vermont!

Btw won't knock HSBC or JP Morgan because they could be future employers
Join the enemy and you become the enemy. You've been warned.
I already have. #Russell

What do you mean Russell? The index? Listen guy. You won't knock HSBC or JP Morgan yet you go on and on about the climate stuff. I don't know much about HSBC but JP Morgan is just as bad as Goldman Sachs. Get your fucking ideology together. You support saving the world from global warming but you think it's ok to become a stooge for a company that would sell all that out to make a profit. They've already sold out the US economy. They hoard commodities in order to drive up prices, they manipulate the oil markets with their massive speculation, they, along with other banks, in their blind greed, sold useless housing derivatives that have fucked up the US and sparked a global economic crisis that still has not subsided. It makes you look like a fucking hypocrite. Do one or the other. You can't have them both. Or get a job at McDonalds with your liberal arts degree. Flipping burgers is a science in and of itself.

oregonblitzkrieg · January 2014

...

[Deleted User] · January 2014

oregonblitzkrieg said:

CollegeDoog said:

oregonblitzkrieg said:

CollegeDoog said:
Thanks for the FREE PUB!!1!1 in every post. Glad to know you're obsessed with a college kid 2000 miles away in rural Vermont!

Btw won't knock HSBC or JP Morgan because they could be future employers
Join the enemy and you become the enemy. You've been warned.
I already have. #Russell
What do you mean Russell? The index? Listen guy. You won't knock HSBC or JP Morgan yet you go on and on about the climate stuff. I don't know much about HSBC but JP Morgan is just as bad as Goldman Sachs. Get your fucking ideology together. You support saving the world from global warming but you think it's ok to become a stooge for a company that would sell all that out to make a profit. They've already sold out the US economy. They hoard commodities in order to drive up prices, they manipulate the oil markets with their massive speculation, they, along with other banks, in their blind greed, sold useless housing derivatives that have fucked up the US and sparked a global economic crisis that still has not subsided. It makes you look like a fucking hypocrite. Do one or the other. You can't have them both. Or get a job at McDonalds with your liberal arts degree. Flipping burgers is a science in and of itself.

"lol"

And it's Russell Investments. Learn a little about the Seattle headquartered company.

oregonblitzkrieg · January 2014

CollegeDoog said:

oregonblitzkrieg said:

CollegeDoog said:

oregonblitzkrieg said:

CollegeDoog said:
Thanks for the FREE PUB!!1!1 in every post. Glad to know you're obsessed with a college kid 2000 miles away in rural Vermont!

Btw won't knock HSBC or JP Morgan because they could be future employers
Join the enemy and you become the enemy. You've been warned.
I already have. #Russell
What do you mean Russell? The index? Listen guy. You won't knock HSBC or JP Morgan yet you go on and on about the climate stuff. I don't know much about HSBC but JP Morgan is just as bad as Goldman Sachs. Get your fucking ideology together. You support saving the world from global warming but you think it's ok to become a stooge for a company that would sell all that out to make a profit. They've already sold out the US economy. They hoard commodities in order to drive up prices, they manipulate the oil markets with their massive speculation, they, along with other banks, in their blind greed, sold useless housing derivatives that have fucked up the US and sparked a global economic crisis that still has not subsided. It makes you look like a fucking hypocrite. Do one or the other. You can't have them both. Or get a job at McDonalds with your liberal arts degree. Flipping burgers is a science in and of itself.
"lol"

And it's Russell Investments. Learn a little about the Seattle headquartered company.

It's not a big fish if I don't know about it. I don't have anything against small investors. But I fucking hate large economy rapists and I would support gutting them and putting them out of business.

[Deleted User] · January 2014

It's a global asset management firm that operates over 200 billion in assets. I don't think you know much about big fish or finance bruthah.

I agree with some of what you say about diminishing risk on Wall Street and cutting greedy practices but you have a lot of impractical and uninformed solutions.

oregonblitzkrieg · January 2014

CollegeDoog said:
It's a global asset management firm that operates over 200 billion in assets. I don't think you know much about big fish or finance bruthah.

I agree with some of what you say about diminishing risk on Wall Street and cutting greedy practices but you have a lot of impractical and uninformed solutions.

Anyone can be a janitor at a bank. Anyway.... Goldman Sachs. Shut them down. JP Morgan. Shut them down. Simple. Practical. Informed. We know all we need to know about their criminal activities. They are not a necessary evil. They are just an evil. A middleman parasite that harms the economy and gives nothing back.

[Deleted User] · January 2014

oregonblitzkrieg said:

CollegeDoog said:
It's a global asset management firm that operates over 200 billion in assets. I don't think you know much about big fish or finance bruthah.

I agree with some of what you say about diminishing risk on Wall Street and cutting greedy practices but you have a lot of impractical and uninformed solutions.
Anyone can be a janitor at a bank. Anyway.... Goldman Sachs. Shut them down. JP Morgan. Shut them down. Simple. Practical. Informed. We know all we need to know about their criminal activities. They are not a necessary evil. They are just an evil. A middleman parasite that harms the economy and gives nothing back.

Let's shut down over 2 trillion dollars in assets. BRILLIANT!

If you think they're hurting the economy now imagine what that would do.

oregonblitzkrieg · January 2014

CollegeDoog said:

oregonblitzkrieg said:

CollegeDoog said:
It's a global asset management firm that operates over 200 billion in assets. I don't think you know much about big fish or finance bruthah.

I agree with some of what you say about diminishing risk on Wall Street and cutting greedy practices but you have a lot of impractical and uninformed solutions.
Anyone can be a janitor at a bank. Anyway.... Goldman Sachs. Shut them down. JP Morgan. Shut them down. Simple. Practical. Informed. We know all we need to know about their criminal activities. They are not a necessary evil. They are just an evil. A middleman parasite that harms the economy and gives nothing back.
Let's shut down over 2 trillion dollars in assets. BRILLIANT!

If you think they're hurting the economy know imagine what that would do.

They need to be broken up into smaller parts, their assets spread out, and laws made that will prevent the large investment banks from speculating so heavily in the commodities market in the future. In fact they need to be BANNED altogether from speculation in certain markets, such as oil, precious metals and foodstuffs. Propaganda makes it seem like oil is about supply and demand. That used to be the case. They have a vested interest in trying to convince us that it remains true. These fucks do not deliver oil to the market. They speculate on it, causing prices to be artificially high. You're smart enough to figure out what that does to an economy. A few years ago when oil prices tanked, the whole movement was sparked by a single HUGE investment bank speculation sell position in the futures market. Supply and demand? Not quite. They need to be killed either by breaking them up or taxing them so heavily that it's no longer in their best interest to continuing existing. The taxes can then be put to a productive use by helping small businesses to be created and grow. Businesses that give back to the economy, not take away from it.

[Deleted User] · January 2014

oregonblitzkrieg said:

CollegeDoog said:

oregonblitzkrieg said:

CollegeDoog said:
It's a global asset management firm that operates over 200 billion in assets. I don't think you know much about big fish or finance bruthah.

I agree with some of what you say about diminishing risk on Wall Street and cutting greedy practices but you have a lot of impractical and uninformed solutions.
Anyone can be a janitor at a bank. Anyway.... Goldman Sachs. Shut them down. JP Morgan. Shut them down. Simple. Practical. Informed. We know all we need to know about their criminal activities. They are not a necessary evil. They are just an evil. A middleman parasite that harms the economy and gives nothing back.
Let's shut down over 2 trillion dollars in assets. BRILLIANT!

If you think they're hurting the economy know imagine what that would do.
They need to be broken up into smaller parts, their assets spread out, and laws made that will prevent the large investment banks from speculating so heavily in the commodities market in the future. In fact they need to be BANNED altogether from speculation in certain markets, such as oil, precious metals and foodstuffs. Propaganda makes it seem like oil is about supply and demand. That used to be the case. They have a vested interest in trying to convince us that it remains true. These fucks do not deliver oil to the market. They speculate on it, causing prices to be artificially high. You're smart enough to figure out what that does to an economy. A few years ago when oil prices tanked, the whole movement was sparked by a single HUGE investment bank speculation sell position in the futures market. Supply and demand? Not quite. They need to be killed either by breaking them up or taxing them so heavily that it's no longer in their best interest to continuing existing. The taxes can then be put to a productive use by helping small businesses to be created and grow. Businesses that give back to the economy, not take away from it.

So you trust the government to repossess over 2.5 trillion in assets, then divide and sell them to rivals we dub more "pure". Christ man, and I get called the anti-capitalist.

oregonblitzkrieg · January 2014

CollegeDoog said:

oregonblitzkrieg said:

CollegeDoog said:

oregonblitzkrieg said:

CollegeDoog said:
It's a global asset management firm that operates over 200 billion in assets. I don't think you know much about big fish or finance bruthah.

I agree with some of what you say about diminishing risk on Wall Street and cutting greedy practices but you have a lot of impractical and uninformed solutions.
Anyone can be a janitor at a bank. Anyway.... Goldman Sachs. Shut them down. JP Morgan. Shut them down. Simple. Practical. Informed. We know all we need to know about their criminal activities. They are not a necessary evil. They are just an evil. A middleman parasite that harms the economy and gives nothing back.
Let's shut down over 2 trillion dollars in assets. BRILLIANT!

If you think they're hurting the economy know imagine what that would do.
They need to be broken up into smaller parts, their assets spread out, and laws made that will prevent the large investment banks from speculating so heavily in the commodities market in the future. In fact they need to be BANNED altogether from speculation in certain markets, such as oil, precious metals and foodstuffs. Propaganda makes it seem like oil is about supply and demand. That used to be the case. They have a vested interest in trying to convince us that it remains true. These fucks do not deliver oil to the market. They speculate on it, causing prices to be artificially high. You're smart enough to figure out what that does to an economy. A few years ago when oil prices tanked, the whole movement was sparked by a single HUGE investment bank speculation sell position in the futures market. Supply and demand? Not quite. They need to be killed either by breaking them up or taxing them so heavily that it's no longer in their best interest to continuing existing. The taxes can then be put to a productive use by helping small businesses to be created and grow. Businesses that give back to the economy, not take away from it.
So you trust the government to repossess over 2.5 trillion in assets, then divide and sell them to rivals we dub more "pure". Christ man, and I get called the anti-capitalist.

I don't trust the government at all. But I think the threat to the economy these kind of companies pose is worth the risk to stop them. As long as people are watching people who are watching people, like in the casinos, with meticulous oversight, the government is the only entity that can get rid of them. Goldman Sachs/JP Morgan, etc. need to DIAF.

[Deleted User] · January 2014

oregonblitzkrieg said:

CollegeDoog said:

oregonblitzkrieg said:

CollegeDoog said:

oregonblitzkrieg said:

CollegeDoog said:
It's a global asset management firm that operates over 200 billion in assets. I don't think you know much about big fish or finance bruthah.

I agree with some of what you say about diminishing risk on Wall Street and cutting greedy practices but you have a lot of impractical and uninformed solutions.
Anyone can be a janitor at a bank. Anyway.... Goldman Sachs. Shut them down. JP Morgan. Shut them down. Simple. Practical. Informed. We know all we need to know about their criminal activities. They are not a necessary evil. They are just an evil. A middleman parasite that harms the economy and gives nothing back.
Let's shut down over 2 trillion dollars in assets. BRILLIANT!

If you think they're hurting the economy know imagine what that would do.
They need to be broken up into smaller parts, their assets spread out, and laws made that will prevent the large investment banks from speculating so heavily in the commodities market in the future. In fact they need to be BANNED altogether from speculation in certain markets, such as oil, precious metals and foodstuffs. Propaganda makes it seem like oil is about supply and demand. That used to be the case. They have a vested interest in trying to convince us that it remains true. These fucks do not deliver oil to the market. They speculate on it, causing prices to be artificially high. You're smart enough to figure out what that does to an economy. A few years ago when oil prices tanked, the whole movement was sparked by a single HUGE investment bank speculation sell position in the futures market. Supply and demand? Not quite. They need to be killed either by breaking them up or taxing them so heavily that it's no longer in their best interest to continuing existing. The taxes can then be put to a productive use by helping small businesses to be created and grow. Businesses that give back to the economy, not take away from it.
So you trust the government to repossess over 2.5 trillion in assets, then divide and sell them to rivals we dub more "pure". Christ man, and I get called the anti-capitalist.
I don't trust the government at all. But I think the threat to the economy these kind of companies pose is worth the risk to stop them. As long as people are watching people who are watching people, like in the casinos, with meticulous oversight, the government is the only entity that can get rid of them. Goldman Sachs/JP Morgan, etc. need to DIAF.

The only tangible solution is better monitoring and transparency. You can give the SEC more oversight, leeway to fine companies (JP Morgan paid $20 Billion in fines this year), de-incentivize risky practices like CDS, make trading practices more clear, but you're never gonna get rid of speculating and commodity hoarding. It's not inherent to either of these companies and other firms would just sweep up the assets and do the same.

Again, you didn't really think this one out.

Howdy, Stranger!

Quick Links

Has the worldwide currency crisis begun?

Comments