More To Be Reset About. What is An S.D.R? The Role Of Gold. Who Is Doing What, How Can You Escape Being Wiped Out?
In my previous article I made the case for why a Global Financial Reset must take place. In short, the United States is flat broke and it is impossible to re-pay our debt. One could say “but wait the stock market has hit new highes.” Yes it has, but why, could it be because of the Fed.
. *David wrote in this week’s TrimTabs Weekly Liquidity Review, “The Fed is exchanging about $4 billion in newly created money every business day for various types of bonds. All else being equal, the Fed’s bond buying puts more money in investors’ hands to buy other assets, including stocks.” Okay so the Fed. is propping up the stock market while at the same time Companies are buying back their stock at staggering numbers with Apple leading the charge with a $64 Billion dollar stock buyback in the last 12 months.
*When companies have more cash than they believe they can use productively, they typically return it to shareholders either with cash payments — known as dividends — or by repurchasing shares in the market. Buybacks raise demand, putting upward pressure on share prices.
So it’s in one door out the other pushing stock prices higher and it’s all an illusion.
*The largest holders of US Treasuries, after China and Japan.
- Ireland: $300 billion
- Brazil: $294 billion
- UK (“City of London!”): $263 billion
- Switzerland: $242 billion
- Luxembourg: $214 billion
- Hong Kong: $194 billion
- Cayman Islands: $181 billion… down from $250 billion a year ago!
- Taiwan: $168 billion
- Saudi Arabia: $160 billion
- India: $152 billion
- Belgium: $137 billion
- Singapore $118 billion
- IF ONE WANTS TO FIND OUT WHAT’S GOING ON ” FOLLOW THE MONEY “
*China holds $1.8 trillion, Japan owns $1.07 trillion. Starting in mid 2017 Countries began selling U.S. debt. Simply put The United States does not bring in enough money in taxes to pay it’s bills, so it must sell Treasury Bonds at a floating interest rate which does not keep up with inflation. That is why we have few buyers while Countries are heading for the door. What are these Countries and NGO’s ( Non Governmental Orginizations ) doing with the money from the sale of Treasuries?, Buying Gold. Do you think perhaps they know something?
Russia buys 839,000 ozs of gold in July as it diversifies reserves from USD
25-ton addition brings Russia’s Central Bank holdings to 1,969 tons; the world’s 5th largest gold reserves.
Russia and China dumped us treasuries and buy gold is appealing to Russia and China because its shields them from the US government’s ability to control the value of their holdings it’s no secret that Russia and China both share a growing appetite for gold.
*Mumbai: The Reserve Bank of India (RBI) has bought 8.46 tonne of gold in financial year 2017-18, the first purchase of yellow metal by the apex bank in almost nine years, a report said.
*RBI held 566.23 tonne of gold as on June 30, 2018, compared with 557.77 tonne as on June 30, 2017, according to RBI’s latest annual report for 2017-18.
*A Few months ago an Egyptian billionaire invested half of his $5.7 billion net wealth into gold. And now even mainstream fund managers like Jeffrey Gundlach and Ray Dalio have been allocating more of their resources towards precious metals. Personally I don’t think all of these investors are incorrect.
*But remember what happened in 2008. And how just because the crowd didn’t see something developing didn’t mean that it wasn’t there. And my own guess is that most of those who would argue against the case for precious metals are likely simply unaware of many of the developments and trends that are discussed and covered in this blog.
In 2018 we will not see a bail out, we will see a collapse of the stock market and a GLOBAL FINANCIAL RESET. Why since the first gold coin was minted in 1795 are we seeeing gold be amassed by Countries, Billionaires fund managers etc.
Hedge Fund Manager and founder of Bridgewater Assets Managment is the largest hedge fund in the World with $102.2 Billion dollars under management.
Fiat money has an expected life span of 27 years. We were taken off the gold standard by President Nixon in 1971. So you can see that every trick available to The Federal Reserve Bank has been used to extend it’s life span. Now the dollar is worth 4 cents and it’s about to go up in flames.
Time is up get ready for the largest transfer of wealth in history. Gold is up $35.60 in the last 30 days.
Fiat money is a currency without intrinsic value that has been established as money, often by government regulation. Fiat money does not have use value, and has value only because a government maintains its value, or because parties engaging in exchange agree on its value. It was introduced as an alternative to commodity money and representative money. Commodity money is created from a good, often a precious metal such as gold or silver, which has uses other than as a medium of exchange (such a good is called a commodity). Representative money is similar to fiat money, but it represents a claim on a commodity (which can be redeemed to a greater or lesser extent).[note 1]
What are ‘Special Drawing Rights – SDR’
Special drawing rights (SDR) refer to an international type of monetary reserve currency created by the International Monetary Fund (IMF) in 1969 that operates as a supplement to the existing money reserves of member countries. Created in response to concerns about the limitations of gold and dollars as the sole means of settling international accounts, SDRs augment international liquidity by supplementing the standard reserve currencies.
An SDR is essentially an artificial currency instrument used by the IMF, and is built from a basket of important national currencies. The IMF uses SDRs for internal accounting purposes. SDRs are allocated by the IMF to its member countries and are backed by the full faith and credit of the member countries’ governments. The makeup of the SDR is re-evaluated every five years. The current makeup on the SDR is represented by the following table:
|Currency||Weights determined in the 2015 Review||Fixed Number of Units of Currency for a 5-year period Starting Oct 1, 2016|
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