An Extremely Disquieting Thought
12-16-2014
mpg
Ruble
Continues Fall Despite Rate Rise and Interventions
A quote...."The ruble crossed the mark of 58 to the dollar
on December 12 to reach a 10% devaluation since the start of
the week and a 45% devaluation since the start of the year.
The ruble finished at 58.13 against the dollar and 72.3
against the euro, new historical lows against both
currencies."
Currency Red Warning
- One understands of course that the same TBTF Banksters
who caused the markets to crash in 2008 by their constant
manipulations are no doubt probably the very same
institutions manipulating the Forex markets through their
usual shenanigans of creating trillions of dollars worth
of derivatives, massive uncollateralized leverage, and
naked short-selling (that last of which some people
would consider close to counterfeiting).
After all, boys will be boys.
And no doubt the very same ratings agencies who triple
"aaa" rated the tens of trillions of dollars worth of junk
during the decade before 2008 will be joining the party by
down-grading -- fairly or not -- the bonds and other
instrumentalities of not only Russia but the rest of the
BRICS and emerging markets.
As they say, synergy is a great concept.
However a very, some might say extremely,
disquieting thought has occurred to this website editor.
- Considering just how far these institutions have
already gone in creating tens of trillions of dollars
of worthless paper backed by nothing.
- Considering how they've already been caught
manipulating the Libor Rate, the Metals markets and
other bench marks used by countries around the
world.
- Considering how they've been able to rehypothicate
the same securities over and over again to multiple
buyers
- Considering how the Fed has already stolen the gold
from over thirty five countries without a peep from
anyone.
- Considering just how utterly complete the
destruction of any trust in the financial markets has
become due to all this chicanery, and finally
- Considering just how on edge and precarious the
entire world economy really is at this moment, because
no one can trust the numbers or statistics or
assurances being given out any more by anyone.
Especially the TBTF's in the
Anglo-Countries...
One would sincerely hope that when Russia sells
their US bond or dollar assets for stabilization purposes,
that the Rubles they receive in return....are
actually rubles created by Russia's central bank!
- (Or for that matter Yen, Renminbi, or Euros)
Not some ones and zeros entered into some Hedge Fund's or
TBTF's computer account that was simply labeled as
containing Rubles - (Or Yen, Renminbi, or Euros)
Because THAT truly would be the last straw.
A thought for everyone trading out there. - mpg
|