| | | hello haim, just in in-tray and have not yet digested
On 27 Sep, 2013, at 3:13 PM, R wrote:
Gents,
Just visited the “Future of Money 2.0” conference in Bratislava!
Had the pleasure to meet xxx xxxxxxxx. We went by boat from Vienna to Bratislava and had a really interesting conversation. He’s actually a very down to earth, polite and modest person!
Some highlights:
- He expects a slowdown in the US. Obama will react with “helicopter money”. What does that mean? They will enact massive tax cuts, that will basically be financed by the Federal Reserve…Banking system will be bypassed! Expects velocity to pick up significantly afterwards!
- @Summers: Republicans did not support him, was too much of a “Maverick”. Summers said that he wanted the Fed to start buying stocks.
- Sees EUR at 1,50… as ECB (have a look at the balance sheet!) will only print to save the Euro.
- Korea will not participate in currency wars. He expects strong KRW
- SDR’s: money used to be: “I owe you”, afterwards it became “I owe you nothing” and SDR’s will be “who owes you nothing”…. He expects massive SDR printing during next stage of the crisis, as there’s only one clean balance sheet left in the world…Moreover, nobody really knows what IMF is or does, so they won’t be blamed for massive inflation. xxxxxxxx expects that SDR’s will be used for trading oil, balance of payments and for the largest industrial companies…
- Asking xxxxxxxx “if the Fed really believes in the stuff they do”, he answered that they are very homogenous… most of them went to the same schools, worked at the same institutions and got the same age..therefore “out of the box thinking” is as rare as “anorexic sumo wrestlers”
... to which i tentatively responded
Von: J
Gesendet: Freitag, 27. September 2013 10:05
Betreff: Re: How the Federal Reserve Destroyed Real Estate Financing - deflation and job creation
hello r, those are good news, for we are saved, because all we need to do is buy stocks, surgical tits, look pretty, sell ourselves, all per venezuela experience, economist take, and all underwritten by the fed gap bullseye-ing
i worked up new numbers per latest data re black market exchange rate
| 2012.01.05
| 2013.09.26
| Change
| IBVC index
| 116,000
| 1,794,288
| 1547%
| Gold (USD/Troy Oz)
| 1,560
| 1,325
| -15%
| | | | | IBVC index in USD
| 26,977
| 40,687
| 151%
| IBVC index in Troy Oz
| 17
| 31
| 178%
| | | | | Forex rate (Bolivar:USD)
| 4.30
| 44.10
| |
... for those in doubt, we are looking at a bull market :0) |
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