Friday, May 22, 2009
A paradigm shift has begun
Market Oracle: Paradigm Shift Underway of Banking Power to Creditor Nations
A paradigm shift has begun, with banking power shifting to the creditor nations as the usdollar is supplanted, made possible by several new institutional pillars as well as newly forged alliances. The consequences are significant and will change the face of global banking and commerce
Posted by sold 2 rent 1 @ 03:15 PM (1101 views) Add Comment
13 Comments
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1. sold 2 rent 1 said...
"The Germans have demanded all of their gold held in custodial accounts inside the United States to be returned to German soil. The story is not public, but details have come to me from a private source close to the action. The Germans have also given counsel for Dubai to demand all of their gold held in custodial accounts inside London to be returned to Dubai, where a new gold trading center will spring up. In my view, THIS IS THE BIGGEST NEWS FOR GOLD THIS ENTIRE YEAR. The hidden arch-enemy for the US-UK on all matters pertaining to gold bullion is Germany. This is not a well-known concept. Insults were hurled at the US delegation during the London G20 by their ministers. Germany is also advising the Chinese on currency and gold matters. Can one detect some coordination?"
"The United States has little choice but to acquiesce and comply with Beijing wishes. The insolvent indebted nation with little industry left and a destroyed banking system can endure the shameful process of bankruptcy receivership, forced by the creditors, or the nation can permit a ‘New Alliance’ with China that involves obedient hidden directives. The US possesses a powerful defense contractor industry, half the world’s agricultural output, and many spectacular locations for residence. The practical consequence of the US ‘listening’ to Beijing wishes on a regular basis will be for the European Union to be pushed into a ‘New Alliance’ with Russia. Such a deal is practical, due to distances and supply lines. The United Kingdom is in all likelihood to be left out in the cold."
2. sold 2 rent 1 said...
"A near default was averted at the Eleventh Hour when Deutsche Bank found almost a million ounces of gold to cover its (naked) short in gold futures at the COMEX at the end of March. Thanks to the Euro Central Bank, which happened to sell over a million ounces for some reason. My conjecture is that the Germans decided the time was not right to bust the COMEX. From sources, that date might be this September in a coordinated attack that requires preparations to remove the levers and kick out the pillars that support the COMEX"
3. p. doff said...
Don't think I'll bite today, .... Yawn. I'm too busy trying to calm Mrs Doff after she received a circular e-mail from a trusted friend warning her about the dangers of the copious quantities of lead discovered in her favourite lipstick brand.
Have a good holiday weekend all.
4. drewster said...
Yawn. Don't believe everything you read on the internet.
5. pelethar said...
A paradigm shift, you say? But this is massive news!!!!
No wait - I don't mean "massive news". I mean "a stupid, boring load of drivel we've heard from you time and time again".
6. fubar said...
As my favourite bowl of petunias once said "Oh no, not again."
7. uncle tom said...
Whenever anyone uses the trem 'paradigm' , I immediately think 'b*llocks'
8. crunchy said...
The paradigm is busted, or it that what is really is?
A constantly non conforming mass.
If so, it is useless.
9. icarus said...
If it's a long, rambling piece like this one (especially if it contains inside information from a 'source close to the action') just tell yourself it's going to recommend gold. Then skip to the last para and have a little smirk when you're proved right.
10. uncle tom said...
Well said Icarus..
..it is always tantalising when someone refers to un-named sources, except when you are 99.99% certain that the author is a gullible dimwit, who has an agenda, but no argument to support it..
11. paul said...
Whenever I see overuse of FONTS AND CAPITALS I never take the article too seriously.
12. paul said...
Oops better close the font tag
13. paul said...