Posted on
May 12, 2010
at
3:33 am
Secret debt solution? What is it? Why is it secret?
Posted on
May 12, 2010
at
6:01 am
Secret debt solution? What is it? Why is it secret? - I'm not sure. It has something to do with suspicions against the Federal government manipulating market prices by buying their own treasuries.
Posted on
May 12, 2010
at
6:13 am
Secret debt solution? What is it? Why is it secret? “It’s a strategy that can ease the burden of ALL debts — by simultaneously devaluing ALL currencies … and re-inflating ALL asset prices. Fed Chairman Ben Bernanke … Treasury Secretary Geithner … President Obama … former Treasury Secretary Henry Paulson … former Fed Chairman Paul Volcker … Warren Buffett … George Soros and central bankers and politicians all over the world are well aware of it, and in my opinion, are already working on it.”http://investmentwatchblog.com/%E2%80%9Cbernanke%E2%80%99s-secret-debt-solution%E2%80%9D/
Posted on
May 12, 2010
at
6:16 am
1casio, not just the federal government but the G20 - "The real goal of the G-20 meetings: Creation of a new financial order based upon drastically new units of paper or fiat money to help wipe the world’s debt ledgers clean. How? By systematically and progressively devaluing existing currencies, especially the U.S. dollar, and re-inflating ALL asset prices."
http://www.dailymarkets.com/economy/2009/04/02/the-g-20s-secret-debt-solution/
Posted on
May 12, 2010
at
6:30 am
That sounds scary. What is its implication in consumer debt?
Posted on
May 12, 2010
at
6:35 am
It's certainly scary if you've heard about it just now. It's happened before though and consumers are still doing what they can, surviving. "to end the great depression in 1933 Franklin Roosevelt devalued the dollar via E.O. #6101, confiscating gold and raising its price 69.3% effectively kick starting asset reflation." Only this time, it won't be just the U.S. that devalues its currency. The world is too interconnected. Instead, the world's leading countries will propose a simultaneous and universal currency devaluation. This time, they will NOT confiscate gold. There would be riots all over the globe if they even mentioned the “C” word.
http://www.marketoracle.co.uk/Article7310.html
Posted on
May 12, 2010
at
6:45 am
Have you heard of those 2012 end of the world or whatever it is that's going to happen then? It probably has something to do with those world-wide currency coordination talks - I don't have an opinion as to how it's going to be received by the people of the world... it does hint at chaos though.
Posted on
May 12, 2010
at
7:05 am
Some European leaders are hailing the summit as the next Bretton Woods – a reference to the historic talks in the latter days of WWII that, in effect, made the dollar the world’s dominant currency and laid the foundation for the economic order of the past 60 years. "
The United States basically ran those meetings. Close to prevailing in the war, it was the world’s undisputed military and economic leader. But today, with the current credit crisis partly rooted in America, and with the rising economic might of China and a unified Europe, that dominance is being challenged. Moreover, the Europeans are expected to come to the talks presenting a more united front than ever. And they are likely to use one voice to gain international support to counter U.S. policies which many blame for this crisis. When a consensus is achieved by the G-20 it carries a lot of weight. With its 19 nations plus the European Union, it represents 90% of the world’s economy and 75% of its population. But reaching a consensus is the toughest part for such a big and powerful group. And at this summit, China, Russia, and most developing countries will be pushing for more power, not just within the G-20, but in other, more exclusive clubs like the G-7, the World Trade Organization, and the International Monetary Fund."
http://unrfid.wordpress.com/2009/04/26/%E2%80%9Cthe-g-20%E2%80%99s-secret-debt-solution%E2%80%9D/
