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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (61100)	12/27/2006 11:15:26 AM
From: Haim R. Branisteanu	Read Replies (4) \| Respond to of 116555

KyrosL, what is happening is confetti printing - called today money. No matter how they do it "But in our world of today these dollars are being sterilized: the central bank of China prints the Yuan to give ?to the company and takes the dollars and buys U.S. securities." The point of printing money is very obvious reflected in commodity prices more so the renewable commodities where there is no justification of them rising well above the rate of inflation. Industrialized inflation - e.g. widgets manufactured are trending down (most obvious computer chips) - but anything else is trending up. Food shelter healthcare energy cost education and entertainment are sharply up. The prices of the renewable commodities barely went up if compared to metals, crude oil or similar commodities and the old “Gold Standard” but in paper money there was substantial appreciation. What has happened is very simple – governments decoupled themselves from the Gold Standard in hope to fool the electorate – it worked for several years then it started stuttering – solution change the way you calculate the CPI which was done under Clinton – success in this new trick generated the DOT COM bubble after the blast AG went on to generate the housing bubble which proved that the king has no clothes and commodity prices start rising as did gold – the looser were the savers and pension funds whose saving are partiali confiscated on a daily basis by their respective governments and o course the WS types and other financial alchemists. This is also the reason why so many pension funds around the world including social security are underfunded – there is a silent legal robbery going on thanks to our governments.

To: KyrosL who wrote (61100)	12/27/2006 1:56:54 PM
From: regli	Read Replies (1) \| Respond to of 116555

"The reason foreign central banks create credit in the local currency is to mop up dollars earned by their trade surpluses." That is not the only reason. I hope we all haven't forgotten 2004 when Japan sold TONS of Yen to prevent a rise against the USD. They were printing like mad, if I remember correctly they used somewhere around $250 billion for intervention in that year alone. Just look at these 3 months!!! mof.go.jp "May 12, 2004 Ministry of Finance - Total amount of foreign exchange intervention operations for the period from January through March 2004: ¥ 14,831.4 billion - Daily operations Date Total amount of the day Currency pairs Jan 2, 2004 ¥ 380.4 billion the US dollar (bought) the Japanese yen (sold) Jan 5, 2004 ¥ 895.1 billion the US dollar (bought) the Japanese yen (sold) Jan 6, 2004 ¥ 818.5 billion the US dollar (bought) the Japanese yen (sold) Jan 7, 2004 ¥ 582.2 billion the US dollar (bought) the Japanese yen (sold) Jan 8, 2004 ¥ 792.2 billion the US dollar (bought) the Japanese yen (sold) Jan 9, 2004 ¥ 1,666.4 billion the US dollar (bought) the Japanese yen (sold) Jan 12, 2004 ¥ 57.1 billion the US dollar (bought) the Japanese yen (sold) Jan 13, 2004 ¥ 188.2 billion the US dollar (bought) the Japanese yen (sold) Jan 14, 2004 ¥ 207.1 billion the US dollar (bought) the Japanese yen (sold) Jan 15, 2004 ¥ 162.3 billion the US dollar (bought) the Japanese yen (sold) Jan 16, 2004 ¥ 438.6 billion the US dollar (bought) the Japanese yen (sold) Jan 22, 2004 ¥ 24.3 billion the US dollar (bought) the Japanese yen (sold) Jan 23, 2004 ¥ 157.5 billion the US dollar (bought) the Japanese yen (sold) Jan 26, 2004 ¥ 2.1 billion the US dollar (bought) the Japanese yen (sold) Jan 27, 2004 ¥ 188.1 billion the US dollar (bought) the Japanese yen (sold) Jan 28, 2004 ¥ 226.4 billion the US dollar (bought) the Japanese yen (sold) Jan 29, 2004 ¥ 11.2 billion the US dollar (bought) the Japanese yen (sold) Jan 30, 2004 ¥ 23.8 billion the US dollar (bought) the Japanese yen (sold) Feb 2, 2004 ¥ 251.2 billion the US dollar (bought) the Japanese yen (sold) Feb 3, 2004 ¥ 889.3 billion the US dollar (bought) the Japanese yen (sold) Feb 4, 2004 ¥ 88.4 billion the US dollar (bought) the Japanese yen (sold) Feb 6, 2004 ¥ 109.0 billion the US dollar (bought) the Japanese yen (sold) Feb 9, 2004 ¥ 3.0 billion the US dollar (bought) the Japanese yen (sold) Feb 10, 2004 ¥ 116.0 billion the US dollar (bought) the Japanese yen (sold) Feb 11, 2004 ¥ 402.1 billion the US dollar (bought) the Japanese yen (sold) Feb 12, 2004 ¥ 133.6 billion the US dollar (bought) the Japanese yen (sold) Feb 13, 2004 ¥ 386.3 billion the US dollar (bought) the Japanese yen (sold) Feb 16, 2004 ¥ 84.2 billion the US dollar (bought) the Japanese yen (sold) Feb 17, 2004 ¥ 158.4 billion the US dollar (bought) the Japanese yen (sold) Feb 18, 2004 ¥ 241.0 billion the US dollar (bought) the Japanese yen (sold) Feb 19, 2004 ¥ 100.0 billion the US dollar (bought) the Japanese yen (sold) Feb 20, 2004 ¥ 10.7 billion the US dollar (bought) the Japanese yen (sold) Feb 23, 2004 ¥ 118.1 billion the US dollar (bought) the Japanese yen (sold) Feb 24, 2004 ¥ 121.1 billion the US dollar (bought) the Japanese yen (sold) Feb 25, 2004 ¥ 94.7 billion the US dollar (bought) the Japanese yen (sold) Feb 27, 2004 ¥ 169.5 billion the US dollar (bought) the Japanese yen (sold) Mar 1, 2004 ¥ 149.3 billion the US dollar (bought) the Japanese yen (sold) Mar 2, 2004 ¥ 421.9 billion the US dollar (bought) the Japanese yen (sold) Mar 3, 2004 ¥ 79.9 billion the US dollar (bought) the Japanese yen (sold) Mar 4, 2004 ¥ 197.4 billion the US dollar (bought) the Japanese yen (sold) Mar 5, 2004 ¥ 1,244.6 billion the US dollar (bought) the Japanese yen (sold) Mar 8, 2004 ¥ 809.0 billion the US dollar (bought) the Japanese yen (sold) Mar 9, 2004 ¥ 723.6 billion the US dollar (bought) the Japanese yen (sold) Mar 10, 2004 ¥ 69.3 billion the US dollar (bought) the Japanese yen (sold) Mar 11, 2004 ¥ 362.9 billion the US dollar (bought) the Japanese yen (sold) Mar 15, 2004 ¥ 407.5 billion the US dollar (bought) the Japanese yen (sold) Mar 16, 2004 ¥ 67.8 billion the US dollar (bought) the Japanese yen (sold)"