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

To: westpacific who wrote (67507)	8/12/2007 8:29:27 AM
From: Haim R. Branisteanu	Read Replies (3) \| Respond to of 116555

west, it was proven last week that central bankers will NOT let the markets take their course - no matter what the financial instrument is. Long ago I wrote a piece about the value of the money and how by keeping financial markets on a steady rise with certain fluctuation the governments around the world are robbing peoples money trough capital gain taxes etc., understated inflation rates and very low interest rates. This is a legacy introduced during the Clinton administration honed and refined during his term and re-applied at various asset classes in a deluge to make the masses poorer and very few richer, but mostly financing huge governmental bodies who shuffle papers endlessly and are paid for it. The whole new economic system is not much different than let say the old medieval economic system but only the names of the institutions robbing your money have changed etc. Those failing to adapt and cling on to free market theories are loosing their wealth, as nothing is free and all is now globally coordinated to keep governments and their bureaucracies in place. The new mantra is "do not rock the boat" just float along. Remember predictions of gold $2,000 well the various governments did not decided it should be so – therefore do not hold your breath!!! – why ? it will be difficult for the governments to get hold of it – and will still represent money in people pockets (basements or aticks etc.) One way of proving my theory would be the failure of a USD collapse. The USD based on fundamentals is overvalued and based on TA it should collapse, if the USD index trades below the multi-year trendline. Therefore, if the USD will collapse soon, I am wrong (and free markets rule) if the USD will hold it’s value against other major currencies within 5% of current levels I am right (all financial markets and assets classes are manipulated).