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G20 summit agrees IMF reform
http://www.bbc.co.uk/news/business-11614075
The Day the Earth Shook; China Dictates to G20
Saturday, October 23, 2010 – by Staff Report
Timothy Geithner
China against current account limits: G20 source ... China has made clear it will not agree to a G20 communique that explicitly binds countries to limits on current account balances or any other form of rules on currency policy, a G20 source told Reuters on Friday. Finance officials from the Group of 20 leading nations started two days of meetings on Friday. A statement is expected on Saturday. The proposal to set a target of 4 percent of gross domestic product for current account surpluses and deficits came from the United States and appeared aimed at China's trade surplus. G20 nations should refrain from currency policies aimed at gaining a competitive edge, U.S. Treasury Secretary Timothy Geithner (left) said in a letter to G20 finance chiefs. "China has clearly said that it will not accept a communique that spells out any target on the current account or for that matter any kind of FX norm," the source, who has direct knowledge of the deliberations, said. – Reuters
Dominant Social Theme: Please avert your gaze. Move along. We will try again in November.
Free-Market Analysis: On Friday, if this quiet Reuters report is to be believed, a 100-year-old Anglo-American conspiracy to create one-world government may have begun to seriously founder. Yes, that is perhaps a bold statement (for those who believe in an elite-conspiracy in the first place) but it is one we will try to explain further in this article. Sub dominant social theme: We are having many meetings here at the G20 because discussions lead to success.
Every since we figured out what was really going on the in world (in our humble view anyway) we have been amazed at how our perspective (and that held by those with similar perceptions) diverges from mainstream promotional wisdom. Of course we are used to this. Try walking around in the early 1990s (in America) explaining to friends and neighbors that Roosevelt and Woodrow Wilson were pawns in a larger elite conspiracy to socialize America and generally weaken the West. The chances for misunderstandings were large – and they certainly occurred, even with one's parents and relatives.
How things have changed. Conspiratorial history is ubiquitous on the Internet. Many informed people accept the reality of an active and malevolent Anglo-American power elite that has been pursuing a form of one-world government for at least a century, powering its fear-based promotions with money-from-nothing printed by a worldwide central banking system. But it must be admitted that no matter how much truth-telling there is on the Internet, many people still get their news via mainstream sources, and often this news and information, while correct, lacks a frame of reference. This Reuters story, excerpted above, is a good example.
The Reuters story reports what is going on in Korea. But when we checked yesterday on Google, the story had only been picked up by about 50 news aggregators, which is a tiny amount. Generally, the push-back from the Chinese was not much reported. But again we would argue this little news blurb is of immense importance. It may be in fact the most important story of the past 100 years. Of course, it may not be, either. That's how elite meme-watching works. One needs to make observations and then watch how they play out. Those who wish to track it will want to note the formal G20 communique on Saturday and then the results of the early November G20 meeting as well.
What the elite is looking for seems to be a definitive agreement among the G20 that there will not be a currency war and that therefore all countries will abide by certain economic parameters. These parameters are being suggested, in particular by the US and the Obama administration. From our point of view, even the phrase "currency war" suggests an elite, fear-based promotion.
The point of the promotion is probably threefold. First, it is intended to absolve the Western power elite of any responsibility for the inevitable worsening economic environment of West. Second, it is a polarizing phrase and is intended to isolate certain international players (anyone who doesn't go along with US suggestions as regards the G20) as "bad guys." Thirdly, and most obviously, it is intended to put pressure on nations that don't cooperate, by positioning them as responsible for further global economic unraveling.
This would all have worked very well back in, say, the Depression. In fact, the US Smoot-Hawley trade tariff was supposed to have aggravated what was a downturn and turned into a depression. This is complete and utter nonsense of course. While government regulation can and does make things work, the grinding, of subterranean, economic tectonic plates are inevitably powered by the raw energy of central-bank monetary policy.
The Anglo-American power elite is desperately cranking out money. Is the elite in the middle of ruining the dollar to make way for something else – a new global currency (one run by the IMF)? Or is the elite frightened by the potential for deep and pervasive civil unrest in the West and will do almost anything (short of providing individual citizens with "money" via the mails) to get fiat dollars circulating again?
Perhaps it is a combination of both. Unlike many others within the alternative media, we do not believe that the elite actively seeks to create conditions to impose martial law (though that may be the end result of its deranged policy making). Imposing martial law is always an act of desperation by any leadership. It flies in the face, too, of the elite's overwhelming emphasis on fear-based dominant social themes that have been intended to concentrate wealth while accumulating power for extra-curricular, globalist entities such as the IMF, UN, WHO, etc. The idea was to boil the frog slowly. But what is going on today is more like a bonfire. On every level it makes little sense.
Not only does it not make sense, but the kind of money printing being conducted in America is not stimulating the ruined economy there, but is merely spilling over into the stock market and generally devaluing the dollar significantly. As a result, many nations have started buying dollars to ensure that the dollar does not drop too far and too fast. They have also been lowering interest rates and printing more money in self defense. Additionally, countries like China have been stockpiling savings. China and its citizens "save" a huge amount (relatively speaking) of the gross national product. Of course such savings, often controlled by the state, are not perhaps so valuable as they seem. But certainly, strictly from a monetary standpoint, China is a much better position than the Western countries, paper currency or no.
It seems undeniable that countries like Brazil, China and India are now pursuing their own monetary policies extant of the Anglo-American axis. In the 20th century, countries that did this sort of thing were attacked by the CIA and their leaders were overthrown and the nations were brought back into line, often with brutal results. But the 21st century is not the 20th. The Anglo-American machinery of intimidation has given way to a softer game. The idea, over and over again, is to create unstoppable coalitions of hundreds of nation states to push through various agendas of the powers-that-be. But soft power is not in fact working as well as hard power. We saw this in the foundering of the green-agenda in Copenhagen. Now we are seeing it in Korea.
What can the Western power elite do? Wars have tended to be fought in similar situations in the past. But the war on terror is a most unsatisfactory war and any inevitable escalation threatens a nuclear holocaust. There are many international, industrial powers now, and though the Western elite may have bet that they could still be controlled, this may be an increasingly sour wager.
We see from this little Reuters story that China has apparently thrown down the gauntlet – an action that has been building for decades. Because we are professional, compulsive, meme watchers, we noticed it. We will continue to follow it in order to figure out (looking from the outside in) whether or not the Western elite will be successful in imposing its view of the world on the rest of the G20. It seems to us right now that this is a fading hope. And what will the West do then?
Conclusion: World domination was once so near that it might have seemed all the Anglo-American elite had to do was reach out to grab it. But now it has seemingly gone a glimmering and the ramifications, in our view, may be tremendous: a total reshaping of the world's economy – and one that is not for the first time in a century (or more) controlled by Western elites. This is what the Reuters' story indicates to us.
Of course, we could be wrong. Today, a G20 communique could indicate a variety of hard caps have been accepted by the rest of world, dictated by the Anglo-American elite. Today, the axis could somehow salvage control. Or perhaps in November. Maybe then, at least, it will not seem so clear cut as it does right now. We will keep watching, dear reader. You will, too.
yep,
todays opening day for rifles here in the north country..
put away my muzzel loader,I have the old one that uses black powder,and 50 cal. balls...it unbelievable accurate and with 120 grains of powder no drop at 75 yards..but now I pulled out my brand new remmington 270 with a bushnel scope,and 150 grain bullets......deadly accurate.But still the huge challenge is just to see a deer in this vast wilderness..
on the other note ,your auditing job is one of the few jobs that are depression proof.! nice job in your accomplishments........
Well i was going out hunting today but Im going to wait till monday when all the rat race hunters return to their exerciser wheels and allow me to have the woods to myself.
;)
im like the clock in the old home town..always here and still doing what I do..nothing has changed ,except for the nature of the economy ,but you've heard that all before here.good to see your still around and still trading...finishing up your last semester,for your winter break..have any plans in mind?
always good to hear from old friends of the brotherhood..
speaking about that ..Cap?, worn?..need I mention more???
:)
unless I owned the boat ..we wouldn't have a true home base..,
and I really dont mind playing by the rules....,as long as they aren't assinine..when I ever run into assinine laws then...I break them without conscience..
;)
i'm actually shorting right now, pretty much been holding the position for a couple of days now ,and now into the weekend,,and looking for a target of around 72 on the the daily chart..but the one thing on my side of hitting that target is the outcome of the g20..
even though im always wrong...or most of the time...
im going dollar long. at least over night... particularly the cheap NZD/USD........enter now..
hold for a few hundred pips.
but since im always wrong most of the time its time to go short,USD...good luck...see you in the am..then im gone hunting..
plus right now we are all seeing the same thing makes me bored...
so for now if we need drama we both have to drop down to the 30 min chart and square off.....hahahaha
none ..I always look for that slim line where we do..make for great debate..thats all.
:)
one more thing...
the activities for the club will all be based on serenity!............serenity is the only known emotion known to man to relieve brain tension to allow you to trade at you best.!and serenity means different things to different people.( but Saudi princes killing man servants are not allowed in the club,the club will hold very strict standards )
and thats what trading is all about ..and that will be the key to the club..and I want to be the one to do it...going to look into angels and also if we have some one here who has access to a currency investors willing to look into this a bit more ,or a few friends please feel free to contact me.I have the ideas and the locations..and the expertise in the market..who wants to join???
also re thought the 3 stories ,
how about a huge 1 story.....cheaper ,less problems,and safe from all elements foreign and domestic.and absolutely perfect for solar power
;)
my Idea is gonna cost a pretty penny to do it right ..but the end results,would be a total gold mine..but more importantly ,it will make u money while vacationing...........! bottom line ..enjoy your vacation and bring real money home with you..with the help of trading professionals....and spouses stay at home!
your man need to bring home the bacon and enjoy doing it at the same time..!
and vice versa...your man stays at home while the forex lady takes her steak of free forex money!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55770267
maybe you mis interpret my time frame or maybe your always wrong..???
just guessing..
;)
buying the dollar...time for a correction?
Trouble in the UK...same will happen here..Be it Dems or gop, government jobs will be cut and state also..this is the next round ...,they failed to create jobs and now the dominoes will fall........Im amazed how it was held off perfectly until after the elections.
then wow..its gonna hurt .
just like being in a trade........
if your a scalper , and SINGLE..make a profit ,look for you next trade, while waiting for it ,entertain hobbies out side of forex......,,
I will never retire ,retire......all Ive done is stop the bus and left the rat race once the kids left the nest...I do what I want ,when I want ..and I dont have to ask anybody s permit-ion...I think about the future,but I live for today..one day ,in about 20 years you will have the chance too,but by then most people dreams are gone........gotta keep the fire burning while raising your kids..and when you see the rat race bus slowing down ..jump off.
completely forgot about it,sorry.
but the reasons are ,you both are affiliated forex companies and its a conflict of interest,tsafi he got a job with morgan stanley or some big hedge fund and plus when I instant message trade for someone they are short trades,high risk big yields..since I trade pretty much full time,my hands are full..plus there is nothing in it for me, except hmm, I dont know...lol ..maybe when i start the northcountrycurrencyclub,maybe I will run a live feed into the trading room..all that is in planning stages right now..but your always in the circle of trust brother ,jester was just jesting around..I thought it was hilarious to say the least..he is defiantly is the color of this board..
;)
gotta have some fun in life ..sometimes.
well today the street took a bite in the ass...
it so inevitable,im not going to even talk about it..
hunting season started in the North county and Im back to climbing mountains and swamps an thick brush..And Im so out of Shape!...and the temp,has really dropped here. whiteface Mt. is about 30 miles from where I hunt already for skiers it looks like already has snow ..its been a very chilly 36 in the mornings ,brrr. got real close to a porcupine today ,,tried to feed it an apple,it was about head high in a tree..it got scared a bit, and I almost got poked..lot of wildlife up here ,I walked through a swampy area and I could smell a bear, tried toget a glimpse an maybe a shoot off ..nothing ,so as I left the woods just before dark and ,I wanted to clear the gun because its a musket,pulled the trigger ...nothing .OMG..glad I didnt run into that bear today..my powder was wet...
sorry this turned to a book but that was my day ,.....just gonna scalp on and off and hunting for a few months ..unless I see a real move.
oh.. I completely forgot about my new venture..........
northcountrycurrencyclub.com,
own the name, basically the same material from thefxclub,com will be on it when I get to it...but it will also have a physical place to concentrate on forex trading........might do a little forex trading account management,but its the beverages and the food I plan on funding the enterprise........dues for the rent and overhead will be separate..
but absolutely affordable to us cheep forex traders...but thats the in the near future as the economy collapses..will defiantly have whiskey available to seasoned traders...! and thats my hedge to the new round or forex traders elite....
LOL
if you only knew brother,..granted the last month has been difficult.but when a trader is experienced, he knows ways to buy or sell instinctively to even the score.. the only thing you need to know to be a trader is ,...let the market show you how to make money..its so willing..the only problems trader fall into it they think they know something the market doesn't...this is actually a poor forum to try real time trades ..just ask the people Ive made money for them in short periods of time during Instant messenger..but! too time consuming for me ...and when I do this for traders ,I ask nothing in return...
wanna make money? I will help you..its the Christianity in me....but I will only do it for a chosen few.,and elderwolf and tsafi cant join in..they know why.
well at least we disagree,that opens this forum to choose sides..
either Venezuela,North Korea or theUS itself is my best guess,and Russia going at it with Israel...hmmm..how do you like them apples?
;)
has any body else around the country noticed the change in color in military vehicles,from desert to jungle??
or are they changing in location ..meaning they are looking at present and future economics locally??..........
are they aiming at us ..or somebody else???
freaking shame when we have to question ...!
said it before in video ,
jester is one smart mf....
;)
that was a problem already thought about..I figure cement encasing followed by fiberglass encasement ..well pressure should be great at that distance underground..as far as pressure..was thinking about whole log enclosure after the cement ,fiber glass casing..but looking at the project logically ,It will have to wait till the end of the myan calendar for global shifts..
been there done that...;)
problem is they own you..your in a collar with An invisible fence around you.and you only have basic knowledge of your boundaries....one day killing people is ok ,the next its not...........I did 9 3/4 years on the federal level..10 &1/4 if I want to rejoin to retire with full benefits......so far ,yes I do use veteran services.....they are great during wartime.! but no....I need my space on ownership..
looks that way,
Kims son, I truly believe can be swayed to the american way?
being who he is,I cant believe he is totally hidden from his own age groups
philosophy ..he'll cave to brittney spears sitting on his face.!done deal..so ..whos next?..I dont ever believe it will be iran..make no sense.possibly Venezuela??.thats my best cloke and dagger prediction!
With all my skills ,I had a crappy week..and i was trading with caution ,when price action hit my stops,I got out..when price action told me to hold.I held..,did not make a difference..it was really like the whole forex world wanted my money..so I dropped to the min and 5 min chart ................broke even about 1 pm today..and like an idiot i took a long position on aud,/jpy at 2:30 pm and collected 10 pips then shut down for the weekend! made about $120 profit for all my work for the week..but I live to trade another day....lol,.. thats life in the fast lanes.........
talking about nK..my kitchen window s view is the flagpole for the vermont national guard...recently they repainted all the desert color vehicals to green,and not drab green but jungle green..hmmmm.thats why they call me ...
Mr. ataglance.!
;)
thinking about buying an acre in the middle of somewhere upstate ny,and building a 3 story underground house..with a basement for storage..really wouldnt cost that much..all solar powerd...rent a back hoe for one day bam..ready for the basement floor and plumbing layout...
just thoughts till spring..
;)
amazingly ,I am almost never sick..
since that news about the balloon..I feel like i have walking amonia.?
maybe there is truth to that norad officer,
my question is ...over nyc? where there jets deployed to check it out and if so ,where is the report.
if not...............what idiots from homeland security..??????
those balloons could of been filled with anthrax........!!!!
I want to see the report.
;)
questioning minds want to know.!
What!
everybody already knew about this major discovery of mine,and kept it from me??ahhhhhh. my hearts broken.. in 6 pieces for sure ,and maybe 36-148 minor fractures..........ouch!.
but ufos where over Manhattan..! oh it was just balloons again ..them damn balloons,,,,,,,,,there are every where!! out law balloons in NY State!!!!!!
;)
thinking about it..just tax flying balloons.., not the ones you blow by mouth,but by helium....lets say a fair tax, to use hot air or helium filled balloons should show ,the reflections of the special moments of the events associated that is linked to helium filled baloney compromised by higher tax rates of 45% is still a good value compared to North Korea. ? but not much more Washington..
:)
I just now found out you can access oil ,indices,and gold and silver charts on
fxcm????
if you live outside the US you can also trade commodities..but its not allowed because of the new rules...Done!
LONDON (Reuters) - The Australian dollar has struck 28-year highs against the greenback and is poised to scale parity, with the options market showing signs that the recent upward momentum has further to run.
please dont affiliate her hair to my genes (cAt), but since the spelling is different, maybe it doesnt matter...,but truly.. I think it more in the coyote
family than cat..? but that just me ,knowing cats....but who knows for sure...?
thats what washington wants ...but to their surprise..Tea parties have arrived...I'm affiliated with the NY chapter..hehehehehe,,,
yep...hahaha!
is pelosi Jewish?
the reason I ask ,its the norm for Jewish women to wear wigs..
the biggest problem I had with pennies was,You couldnt short them....!!
If I could short pennies...I be one rich cAt!
Former Nevada state Assemblywoman Sharron Angle raised $14 million over the last three months for her race against Senate Majority Leader Harry Reid