Bud Conrad: Beyond the Point of No Return.

[Ponce]

Long question and answer article.
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Bud Conrad: Beyond the Point of No Return

May 14, 2010 – 5:05 pm “We’re heading toward government devaluing its currency to devaluate its debt in order to survive. That means you need to protect yourself. You can’t just have savings accounts paying no interest. You need to go and buy gold,” says Bud Conrad, chief economist with Casey Research, in this exclusive Gold Report interview. Despite the grim outlook for the U.S. dollar and other paper currencies worldwide, Conrad believes he and other speakers at the recent Casey Research 2010 Crisis and Opportunity Summit have information you need to both prosper and protect yourself during the coming economic storm.

http://revolutionarypolitics.com/?p=4121

[mick silver]

"If you don't hold it, you don't own it"... Ponce

[Defender]

No one that I've seen has explained how to accomplish devaluing floating fiats as an instantaneous official act. Valuation is determined by the markets.

[jedemdasseine]

No one that I've seen has explained how to accomplish devaluing floating fiats as an instantaneous official act. Valuation is determined by the markets.

The currency markets respond to the bond market and vice versa. Look at Greece, Germany, and the euro, for instance. Sometimes it's the tail wagging the dog, but it doesn't even really matter.

Oil and gold almost never trade in the same direction. A country that exports oil is, somewhere in the trade, being paid at least partly in gold. One can think of most commodities as derivatives of oil, and one can think of most fiat currencies as derivatives of gold. The relationships aren't always directly inverse or linear, but one can extrapolate the direction of "controlled demolition" of fiat currencies.

Like the big investment banks, countries and currencies "take turns" taking the fall. Presently it's the euro, Greece, and Goldman Sachs. Why? Shifting the debt burden. Robbing Peter to pay Paul.

Follow the bond market for more details.

[SeekYeFirst]

No one that I've seen has explained how to accomplish devaluing floating fiats as an instantaneous official act. Valuation is determined by the markets.

Don't forget that currencies are not "floating," they are all sinking at different rates.