OTC Gold and Silver (leasing) contracts and certificates are a fraud
Comex and LBME won’t be able to satisfy physical gold and silver delivery
They will use an escape clause called a “Force Majeure” to withhold physical
delivery if that was demanded from their paper gold (contract) holders
Physically holding gold and silver bullion in your possession is crucial
Past 10 years: S&P down 24%, Ndx down 49%, Dji down 31%, U$D down 23%
Gold up 280%, Silver up 209%. (source: Jesse’s Cafe Americaine)
I would say US’s debt ratio to GDP is higher than Japan .. in fact by almost 3 times.. This is external debt mind, also.. Japan has a current account trade surplus unlike the US
from the way how I see it.. it is down to the interest rates. If your base currency has the higher rate you go long the base eg GBP/JPY GBP is base.. which over time causes the exchange rate to go up(GBP/JPY in this example - as it did from 90-07) hence weakening the JPY - same applied for USD/JPY.
I can attest to that as a fact. I’m starting to make some significant profits. This coming depression is going to make me wealthy because I pay no attention to the establishment’s lies. Schiff for Senate in 2010!
I´ve a question.
The JPY has been at a roughly 1:100 exchange rate to the USD during the carry trade years.
Isn´t a higher exchange rate the prequisite for a carry trade system?
Kind of elongating the lever by leting the USD exchange rate sink to, let´s say, 1:10 to the EUR?
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OTC Gold and Silver (leasing) contracts and certificates are a fraud
Comex and LBME won’t be able to satisfy physical gold and silver delivery
They will use an escape clause called a “Force Majeure” to withhold physical
delivery if that was demanded from their paper gold (contract) holders
Physically holding gold and silver bullion in your possession is crucial
Past 10 years: S&P down 24%, Ndx down 49%, Dji down 31%, U$D down 23%
Gold up 280%, Silver up 209%. (source: Jesse’s Cafe Americaine)
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I would say US’s debt ratio to GDP is higher than Japan .. in fact by almost 3 times.. This is external debt mind, also.. Japan has a current account trade surplus unlike the US
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from the way how I see it.. it is down to the interest rates. If your base currency has the higher rate you go long the base eg GBP/JPY GBP is base.. which over time causes the exchange rate to go up(GBP/JPY in this example - as it did from 90-07) hence weakening the JPY - same applied for USD/JPY.
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that´s exactly what Mike Norman says… why borrow when you can print… that guy is a sinking turd…
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I can attest to that as a fact. I’m starting to make some significant profits. This coming depression is going to make me wealthy because I pay no attention to the establishment’s lies. Schiff for Senate in 2010!
Making Friends
A week or so ago I posted a comment regarding the carry trade and the turtles.
I just re-read it and I see had at least one typo. “It”, the article was published in the the turtles, not me.
Sorry, my apologies.
Joe
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Dollar is new Peso — not funny!!
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I´ve a question.
The JPY has been at a roughly 1:100 exchange rate to the USD during the carry trade years.
Isn´t a higher exchange rate the prequisite for a carry trade system?
Kind of elongating the lever by leting the USD exchange rate sink to, let´s say, 1:10 to the EUR?
Panic Away Review
The Private ‘Fed’ will soon have us ‘carrying’ our dollars in a wheelbarrow!
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Japans debt to GDP ratio is worst than the US. With baby boomers retiring in Japan and high welfare costs and legacy costs on the economy.
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U.S. Dollar is the new “Peso” LOL