Indiana Jones wrote:(8 pagina's maar een 'must-read')
From the May 01, 2012 issue of Futures Magazine
Jim Sinclair has something to say
Q&A
http://www.futuresmag.com/2012/05/01/ji ... ing-to-say
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(enkele quotes)
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FM: What do you mean by changing our currency status?
JS: Well, government moving more into the system than away from the system; more into central banks than out of central banks. We are not making a voluntary change, but circumstances are bringing about a change. There was a meeting of the BRICS (Brazil, Russia, India, China and South Africa) [recently] that discussed setting up their own [International Monetary Fund] and also their own currency bloc. The euro is inexplicable right now above $1.30 if you heard all of the bearishness on it.
The euro is probably going to be with us for a very long time and will come through change solidly. The dollar was the reserve currency of choice and became the reserve currency by default, meaning you just had it and it has recently begun to be replaced by other currencies as an international settlement mechanism.
FM: Our last profile suggested it would take at least 20 years to replace the dollar as a reserve currency.
JS: I think that is wrong.
The dollar isn’t going to be replaced; [it] always will be there, but as far as a settlement currency, weekly, almost daily, you see the dollar mechanism for settlement being replaced by other currencies. Especially by the internationalization of the Chinese currency. Nothing is going to replace the dollar, but it is the utilization and value that factor into markets.
FM: Will it be replaced as a global reserve currency?
JS: [It is] a global reserve currency by default. If the dollar was a global reserve currency by choice, international purchasing of U.S. Treasury instruments [would] be rising, not falling. All these headwinds against the dollar do not change it as a reserve currency but take it from a reserve currency of choice to a reserve currency by default.
We are going to break down into three trading blocs: the yuan bloc, the euro block and the U.S. bloc. You already can see that by the Swiss having attached their currency to the euro instead of the dollar. That is the beginning of a currency bloc.
FM: What is it telling us now?
JS: What gold telling us now is the concern over [the] crisis is somewhat less, yet the underlying necessity of an economic recovery, which would be self-canceling in terms of liquidity injected into the economy via balance sheet repair, has yet to surface fundamentally.
That battle will be fought in the relationship between the dollar and gold, and it will be determined in 2012, one way or the other. The bottom-bouncing we have been doing is not sustainable for a full year. One side of the team is going to win and one side of the team is going to lose. The swing factor is U.S. economics. If U.S. economics were to significantly improve, then there would be balance sheet repair. Then the dollar would be in a macro sense repairing itself, not requiring injections of liquidity to maintain the status quo. When the liquidity comes in only to fill a hole of loss in a banking system, net net zero. That is not going to make those banks lend anymore to individual businesses.
FM: Isn’t there the risk of hyperinflation?
JS: If everything went wrong? Yes, but that is the extreme. The 62% of U.S. debt bought by the Fed in the last 12 months is debt monetization; debt monetization is the mechanism historically in every hyperinflation since Roman times. In order to keep rates low what do you do? You have to buy your own bonds. What is it called? Quantitative easing. What is quantitative easing? Debt monetization.
Absoluut niet mee populair makend.
Absoluut kort door de bocht.
Voor datzelfde geld kunnen er veel zo een opinie geven.
Wijzigende geschiedenis vertrekt vanuit de onderbuik ( het volk, voetvolk,gepeupel, koters....;om het even welke vleiende naam men de medemens aan de onderkant meegeeft ) .
Wat Noord-Amerika ( Obama zijn continent )...
Wat West Europa ( Barosso zijn continent )( ook een beetjen Van Rompuy...zijn continent )
BETREFT
Het zal de BASIS ( voetvolk ) zijn dat de richting gaat bepalen.
In eerste instantie via de democratische regels van verkiezingen.
( en hopelijk alleen via deze weg.... ).
En in afgeleide vorm passen de hoge heren van het dorp ( politieke leiders, benoemde centrale bankiers,...) hun discours deels aan.
Die aangepast ( meer wollige discours ) is soms al detecteerbaar ( postje behouden is soms ook al heelwat).
Maar ' the bottom line "..... de gevraagde uitpersing ZAL NIET GEHAALD WORDEN !!
Vergeet de 3 procent-norm, vergeet de 60-procent tekortnorm als streefdoel.
Het is simpel,...Of haal je continent naar de filistijnen.
Of zoek naar een geordende geleidelijkheid van overgang.
Als je Griekenland of Spanje bekijkt : werkloosheid rond 25 procent ( jongerenwerkloosheid hoger ), en deze landen flink aanmoedigen om rigoreus verder te besparen.....
In iedere schoolklas wil men graag de allerslechtste leerling meenemen in het geheel.
Dat is wel niet hetzelfde als " het wordt onze modelleerling ".
Quasi geen enkel Europees land haalt de normen.
" Het hoofdstuk creatief boekhouden, of creatief schaduwduiken " moet men dan uitsluiten hé !.
Dus kunnen er velen Jim Sinclair zijn.
Fijn om hem te lezen,....zonder meer.
mvg
Cavajo
.... ach, slechts een aards(b)engel ... 
