Something Stinks in the Currency Markets: Monetary Inflation & Debt Monetization

These are all just my observations, thoughts and opinions.  Take them for what they are worth:

Something Stinks in the Currency Markets

It all started, WED 10/20, with comments from Geithner on the dollar, that made me think Central Banks were going to try and lock the $$$-Euro-Yen together, basically the debtor nations trying to devalue against everyone else in the world. 

 

China goes along because they win either way, by being pegged to the US dollar.  Then the China - ASEAN currency agreement, smoothed tensions and bought compliance from the rest of Asia.  Throw in the extra IMF voting rights/seats Europe transferred to China and India, and some major deal was struck.

 

This is exactly what currency markets have shown since the G20 get together and the Geithner comments that the $$$ did not need to fall against the EURO and YEN.  (all walking in lock step the last week, with the dollar just slightly weaker then the rest, check out the $$$/Yen chart, record lows).

 

Well,

 

Something else is suspicious,  the FED meeting has been scheduled for WED 11/3 for months, but in the last 10 days there have been changes.

 

The Bank of Japan has moved their meeting up to Thursday, 11/4 too.  The ECB (European Central Bank) and Bank of England have their meeting on THUR 11/ 4 as well.  (Central banks schedule)

 

It feels like some big coordinated announcement is coming.  Something huge, where they all pile on the FED QE2 plan and do a large global easing.  There could be large coordinated asset buys from the FED, ECB and Japan of non-traditional assets.  The Bank of England may even join in (remember they have a printing press too).

 

Governments and politicians are all joining hands, trying to devalue together.  Killing the dollar and purchasing power of American citizens (the people of Europe and Japan too).

 

All just to hide their government debt and overspending ways.  Remember the Bill Gross Ponzi Scheme comments this week. 

 

It is in action.  The largest wealth transfer in history.  Monetary Inflation is thievery.

Learn more about Monetary Inflation Below

See what Monetary Inflation looks like in markets, 3 min video from Robert Prechter

Quick explanation and definition of Debt Monetization

Hayek vs. Keynes, best economics lesson you could ever learn, quick music video

Why printing money and monetary stimulus does not work, The Jaguar Inflation Story

How this financial crisis is being placed on the back of US Taxpayers through Stealth Debt Monetization

Bill Gross's Ponzi scheme comments

Money Printing has been going  on for decades U. S. Debt Clock

Simon R. Mouer III, 6 page PDF on "Understanding Monetary Inflation"

Wikipedia on the Austrian School of Economics

Is the FED Co-Opting the Treasury?

Jeremy Grantham, GMO Newsletter PDF:  "Night of the Living Fed"

 

Comments

[Debt monetization]

If wealth can be created just by printing (or clicking in this case) currency and give it to the government to spend into a real-life physical economic world of people's blood and sweat, then there is no need for industry, for tax collection, for education, for creativity and innovation. Wiemar Germany would not need to elect Hitler to solve problems, and no nation or

empire would fail.