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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (97702)	1/11/2013 11:33:05 PM
From: elmatador	2 Recommendations Read Replies (3) \| Respond to of 217943

The goal was to flood the market with easy money and then remove at a single go leaving the countries, where the money was put, on the lurch. The result would be: Flight to quality. Capital flies and the rich countries would thrive. That is what fleecing was all about. (See Paul Voclker late 70s) It wasn't done alone by the rich countries. The poor countries governing elites were aligned and the capital flying was the governing elites' and the high interest rates would make sure governing elites in poorer countries were covered. All the easy money flooding the market, since the concocted Y2K thing, had the same goal. The cartel of convertible currencies, would flood the poorer countries with money, then create artificial risk issues, media would broadcast and the ones who would benefit reinforced it. It was all there. Only this time did not work. Why it didn't? The scale conspired against fleecing this time around. The scale that the fleecing was to be done, was too big. There were too many countries with too high needs for the feathers of the poorer countries. So the flood started: Once it became known that this was a flood of Gargantuan proportions, and the flood was to be in for a long time, the poor countries took the easy money and repaid their debts to IMF, World Bank and piled up the rest as foreign reserves. This time poorer countries had, for the first time in history, what they had been given in tiny drops, they had by the container load. Convertible currency in hand and lower debts to the fleecing mechanisms: IMF and World Bank. MONEY IS POWER. Once you get money, you get power. Then the poorer countries started spending that money. In less than a decade the situation started changed. They started buying first what they needed: food and housing. These two sectors propelled their economies and kicked internal markets. That means, these countries no longer need the rich to have a banquet for them to eat the bread crumbs falling from the tables. They could go on without growth in Europe, Japan and America. Japan, America and Europe where caught flat footed: They had printed but could not fleece. Which now means two problems: They did not get the feathers they intended and, on top of that, they have a lot of easy money around the world. To make matters worse; they need to keep printing since the money is not returning to their countries as capital flight. Although James Chanos thinks China is going to collapse.