Saturday, August 10, 2013

Global Currency Reset In Process: The Fed Cant Exit Easy Monetary Policy As USD Comes Under Attack, China and Russia Suggesting A New Bretton Woods, One Quadrillion Dollars of Derivatives Time Bomb Is Set To Explode




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Global Currency Reset In Process: The Fed Cant Exit Easy Monetary Policy As USD Comes Under Attack, China and Russia Suggesting A New Bretton Woods, One Quadrillion Dollars of Derivatives Time Bomb Is Set To Explode



Is The Dollar Under Attack? The confused looks on traders faces is the “Taper-On” reaction in stocks (after celeberating last night’s false Chinese trade data) as the USD loses steam. Critically, the USD weakness (more usually associated with Taper-off (print-moar-on) is indicative of the ongoing collapse in the JPY-carry trade once again that is gaining momentum as data (and technicals) prompt a Taper sooner than later. US equities are starting to catch down to foreign stocks (and domestic credit), Treasuries are bid (but the Taper?) on safe-haven buying, and gold and silver are spiking as the USD comes under attack… http://www.zerohedge.com/news/2013-08-08/sudden-dollar-weakness-tapers-early-euphoria-sends-gold-spiking FOREIGN CENTRAL BANKS Ready to DUMP DOLLAR?? China and Russia Suggesting A New Bretton Woods Both China and Russia have begun discussing a new Bretton Woods-style agreement which would back the Yuan with gold and change the very fabric of the international monetary system. This concept falls right in line the developing nations’ demand for a replacement of the U.S.






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