Thursday, March 22, 2012

The US Dollar Collapse: World's Larger Economies Make Deals Excluding US Dollar - Japan, China, Russia and India Join in



In an article yesterday, I pointed out that the exemption from the trade embargo with Iran that included Japan and ten European countries (and power house Germany) is just another sign of the collapse of the US dollar and with it, US hegemony - in spite of how the US government spins it. Please refer to: US Oil Embargo on Iran Collapses - Japan and Ten Other Countries Given Exemptions:


How is it possible that the #3 economy in the world (Japan) and the #2 economy in the world (China) not being following rank and file with US imperialist policies could be deemed, "success"? The other countries that are exempted are: Belgium, the Czech Republic, France, Germany, Greece, Italy, the Netherlands, Poland, Spain and Britain.
The US oil embargo against Iran failing is just another piece of evidence of the collapse of the US economy and the US dollar.

Don't forget to throw South Korea into the mix. Even though they are not mentioned, you know that there is no way the South Korean government will sit idly by and be penalized when Japan gets a pass. There's no reason, now, why they should be excluded either!


Sick US Dollar equals end to US hegemony


A regular reader has now written and asked how is it that this news is proof of a dollar collapse (and with it further evidence of a loss of US power)? Well, instead of me explaining it to you. let go to the expert, Tyler Durden at Zero Hedge... (Uh, Tyler is just about always right! It's uncanny!) 


From just January 21 of this year, Zerohedge wrote on this very subject with links to several pertinent articles about Japan, China, Russia and the zeitgeist of the moment. Please refer to: India Joins Asian Dollar Exclusion Zone, Will Transact With Iran in Rupees:



Two weeks ago we wrote a post that should have made it all too clear that while the US and Europe continue to pretend that all is well, and they are, somehow, solvent, Asia has been smelling the coffee. To wit: "For anyone wondering how the abandonment of the dollar reserve status would look like we have a Hollow Men reference: not with a bang, but a whimper... Or in this case a whole series of bilateral agreements that quietly seeks to remove the US currency as an intermediate. Such as these: "World's Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade", "China, Russia Drop Dollar In Bilateral Trade", "China And Iran To Bypass Dollar, Plan Oil Barter System", "India and Japan sign new $15bn currency swap agreement", and now this: "Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says."" Today we add the latest country to join the Asian dollar exclusion zone: "India and Iran have agreed to settle some of their $12 billion annual oil trade in rupees, a government source said on Friday, resorting to the restricted currency after more than a year of payment problems in the face of fresh, tougher U.S. sanctions." To summarize: Japan, China, Russia, India and Iran: the countries which together account for the bulk of the world's productivity and combined are among the biggest explorers and producers of energy. And now they all have partial bilateral arrangements, and all of which will very likely expand their bilateral arrangements to multilateral, courtesy of Obama's foreign relations stance which by pushing the countries into a corner has forced them to find alternative, USD-exclusive, arrangements. But yes, aside from all of the above, the dollar still is the reserve currency... if only in which to make calculations of how many imaginary money one pays in exchange for imaginary 'developed world' collateral.

....

Who's this India country anyway?

India, the world's fourth-largest oil consumer, relies on Iran for about 12 percent of its imports or 350,000-400,000 barrels per day (bpd) and is Tehran's second-biggest oil client after China. But Washington has snapped tighter financial sanctions on Iran and wants Asia, Tehran's biggest oil market, to cut imports in a bid to pressure the Islamic nation to rein in its nuclear ambitions, which it suspects are aimed at making weapons.



Read more here at the same article and see where Turkey, a NATO member is about to join the dollar "unluck" exclusion club.


The dollar is collapsing and with it, more than a century and a half of US dominance, imperialism and hegemony is coming to an end... Proof that so many countries can snub the US with this current embargo and get away with it shows that everyone smells the coffee too in spite of US government posturing. 


All along the way, though, the US government (and Europe) does everything it can to shoot itself in the foot.

21 comments:

Mr. Nobody said...

Hello Mike,

Kudos. I generally agree with your article. It does spring to mind a few questions. Firstly, what do you define as a collapse v s. a decline?

The dollar has been declining since 1913, and especially since Nixon closed the gold window in 1971. Also, with a few exceptions, the US dollar has declined less than most other paper currencies since 1971.

Are the bilateral deals a sign of the US decline, or more of international recognition of the decline, and subsequent national importance, of natural resources?

Also, the US may have generally been in ascent for the last 150 years, but I don't believe that they have been a domineering, hegemonic, empire for quite that long. Perhaps the phrase "the sun never sets on the British Empire", comes to mind...

mike in tokyo rogers said...

Thanks Mr. Nobody!
Compared to the yen, the US dollar has lost about 70% of its value in 30 years. I call that a massive decline. I expect that the dollar will go to 10% of its current value within a short few weeks span sometime in the very near future (possibly within 5 years). That's a collapse.
I sincerely disagree about the US not being a domineering hegemonic empire. The Monroe Doctrine was established in 1823... Wars with Spain followed and the occupation of the Philippines - not to mention the genocide of some 4.5 million native American indians... The last slaughter being in 1890 (about) ay Wounded Knee... Any guesses why the Japanese in the 1850's were afraid of being colonized by the USA? Just read "War is a Racket" by US Marine General Smedley Butler (the highest decorated soldier in US military history) as to what he has to say about turn of the century US imperialism and even US soldiers in China since the 1920s. It's online. Here: http://www.ratical.org/ratville/CAH/warisaracket.pdf
PS: Comparing the US crimes to Great Britain and coming out looking better than they do is not a virtue... On the other hand, GB never used nuclear weapons on civilians either!

Anonymous said...

What a moron Anonymous is... Here's what's really going on with a war with Iran and it basically has nothing to do with nuclear power. It has everything to do with trading oil and not allowing US dollars beginning on March 20, 2012... Just like Iraq did when we invaded them. Click here and read this: "Why the US is going to war with Iran". Then, if you need further education, read this: "Would you support a War with Iran if...". It is mind-boggling how ill-informed and brain-washed and just plain ignorant Americans are. Anonymous stands as proof of the effectiveness of US mass media propaganda.

mike in tokyo rogers said...

Folks, I thought this was relevant: "The Ascendence of Sociopaths in US Governance". "You may be thinking that what happened in places like Nazi Germany, the Soviet Union, Mao's China, Pol Pot's Cambodia and scores of other countries in recent history could not, for some reason, happen in the US. Actually, there's no reason it won't at this point. All the institutions that made America exceptional – including a belief in capitalism, individualism, self-reliance and the restraints of the Constitution – are now only historical artifacts.
On the other hand, the distribution of sociopaths is completely uniform across both space and time. Per capita, there were no more evil people in Stalin's Russia, Hitler's Germany, Mao's China, Amin's Uganda, Ceausescu's Romania or Pol Pot's Cambodia than there are today in the US. All you need is favorable conditions for them to bloom, much as mushrooms do after a rainstorm.
Conditions for them in the US are becoming quite favorable. Have you ever wondered where the 50,000 people employed by the TSA to inspect and degrade you came from? Most of them are middle-aged. Did they have jobs before they started doing something that any normal person would consider demeaning? Most did, but they were attracted to – not repelled by – a job where they wear a costume and abuse their fellow citizens all day.
Few of them can imagine that they're shepherding in a police state as they play their roles in security theater. (A reinforced door on the pilots' cabin is probably all that's actually needed, although the most effective solution would be to hold each airline responsible for its own security and for the harm done if it fails to protect passengers and third parties.) But the 50,000 newly employed are exactly the same type of people who joined the Gestapo – eager to help in the project of controlling everyone. Nobody was drafted into the Gestapo.
What's going on here is an instance of Pareto's Law. That's the 80-20 rule that tells us, for example, that 80% of your sales come from 20% of your salesmen or that 20% of the population are responsible for 80% of the crime.

Anonymous said...

Anonymous @ 2:49 PM wrote, "... USA is just the worse worse. ..."

Wow, I think it's a safe bet to say this Person never spent a minute at The Daily Bell.

I'm surrounded by zombies, and it's getting more and more spooky.

Watching silver and gold drop a bit this morning, I wonder how that can be if central banks are buying ~400 tons a year. Is it simply from computers trading on algorithms?

I've been wondering about this lately:

"You may be thinking that what happened in places like Nazi Germany, ... could not, for some reason, happen in the US."

I read some of this link describing an escape from a North Korean prison. The way they portray life there is out-of-this-world. (Or is it all just more propaganda from the Power Elite to demonize North Korea?) Is it the future of the unitedstate too? Or some parts of it anyway:

http://www.guardian.co.uk/books/2012/mar/16/escape-north-korea-prison-camp

- clark

P.S.

I'll second that thought of there being a lot of sociopaths in gunvernment, at every level. I've studied them some, in my samples, at a minimum you can count on 20% being totally sociopath, and 80% have no trouble following them.

Hey, there's that 80/20 thing again.

Mr. Nobody said...

Hello Mike,

Compared to the yen, the US dollar has lost about 70% of its value in 30 years. I call that a massive decline. I expect that the dollar will go to 10% of its current value within a short few weeks span sometime in the very near future (possibly within 5 years). That's a collapse.


Yes compared to the Yen, the USD has lost out. But compared to almost any other currency since 1971, (since the closing of the gold window,) or 1982, 30+ years ago, most
other currencies have lost value faster. Here's a short example...

1971 7 Indian Rupee to 1 USD NOW 36 to 1 USD
1971 2.2 China Yuan to 1 USD NOW 7 to 1 USD
1971 2.6 UK Pound to 1 USD NOW 1.5 to 1 USD
1971 731 S. Korea Won NOW 1,106
1971 4.5 Argentina Peso NOW 40,600
1971 5.5 HK Dollar NOW 7.8
1971 391 Indonesia R NOW 10,400

Although I believe that everything declines and ends, what makes you think that the USD will drop 90% in a few weeks time?


I sincerely disagree about the US not being a domineering hegemonic empire. The Monroe Doctrine was established in 1823... Wars with Spain followed and the occupation of the Philippines - not to mention the genocide of some 4.5 million native American indians... The last slaughter being in 1890 (about) ay Wounded Knee...


OK. There is a lot of information you put forward about your argument about the US being a domineering hegemonic empire.

First, what makes the Monroe Doctrine an imperialist doctrine? Wasn't it essentially a notice for the European powers not to harass, interfere, or declare war in the Americas? When it was written, wasn't it considered more of an anti-imperialist document?

Secondly, yes, the Spanish-American War followed, but that was almost three-quarters of a century later. I think yes, generally most wars are wrong, but in the context of the 1800s-1900s it was a mere skirmish in comparison to almost all other wars by the other major powers.

Thirdly, could I ask where the 4.5 million number comes from? The reason I ask, is that I cannot find any reliable numbers for the pre-Columbian populations of the Americas.

Finally, although the events of Wounded Knee are horrible, they pale in comparison to the events of the 20th and 21st centuries, and other massacres.

One short example... In Europe, the police murdered a number of peaceful protesters. They used bulldozers to push the protesters' corpses into the river. The government currently admits to 40 deaths, but by some accounts, it numbers to over 300 dead. This happened in 1961, in Western Europe, France to be more specific, in Paris, under a supposed democracy.

By the way, the same chief of police who ordered the actions, was awarded with the equivalent of the Victoria Cross, or the Congressional Medal of Honour. He was also responsible for sending approximately 1.600 Jews to Nazi concentration camps during World War II, and their likely deaths. Is it at all surprising? Or is it at all surprising that he was rewarded and regarded as a hero?


PS: Comparing the US crimes to Great Britain and coming out looking better than they do is not a virtue... On the other hand, GB never used nuclear weapons on civilians either!


The USG may not at the time had any virtue, but I but I believe they had fewer vices, than the other “Great Powers” in the 19th & 20th centuries. I think if the British were in charge of Japanese aerial bombing, like Germany, they would have intended to “dehouse” and kill more of the civilian population. In that era, what do you think the Soviets, Chinese, or Free French, would have done?

Mr. Nobody said...

Mike,

Thanks for the article, but from what I've gathered the statistics are much worse. It only takes about 2-4% to cause 90+% of the trouble.

Since the parenting skills, and subsequent ability to raise well-adjusted children in both the US & UK has sharply declined, the number of sociopaths have gone up. If the number only goes from 2% to 4%, in aggregate, it doesn't seems so bad, except it is a doubling in the number of them.

Most of it I believe is because of the breakdown in ethics and behaviour in most industrial Western countries after the 1960s. What used to be viewed with abject horror, is now only frowned upon, and was used to be frowned upon is now viewed as almost de rigor.

mike in tokyo rogers said...

How Anonymous at 11:36 can equate an article whereby I point out how many of the world's economic powerhouses rejecting US political pressure shows the true weakness of the US dollar somehow becomes, "It's tiresome to hear about people who hate Americans- absolutely. Especially from someone who's made it their single issue..." is astounding. Why is it that many American's are so insecure that they feel sad when their country loses its #1 status or they can somehow confuse an article about current economic reality as "hating Americans absolutely"? Where is there any slight towards Americans in the article at all? Or is the reading that difficult to comprehend? Is it because today’s American male is so emotionally immature or poorly educated? I'd suggest both. MacArthur called Japan, "A nation of 12-year-olds" but he'd be appalled at the nation of 10-year-old men that modern America has become.

Anonymous said...

Mike, not all of us Americans are as brain-washed (and victims of the educational system as Anaymous at 11:36 is)... And, some of us can actually read AND comprehend... This is for you just to show that there are MANY of us getting fed up... And, no, it's not because we all read you blog! ;)
"What Is President Obama So Afraid Of?".
"Quietly, and with little fanfare, President Obama signed a “National Defense Resources Preparedness” Executive Order on Friday. As the name suggests, the order intends to shore up the country’s national defense resources in advance of a national emergency. To be fair, this is not the first time that such an order has been written. President Obama’s order, however, takes things much, much further.This is all playing out with nearly perfect historical precision. Time and time again throughout history as once great empires accelerated their declines, governments have taken steps to protect their interests against the people. In the past, they have imposed curfews, disarmed the population, curtailed civil liberties, and declared national emergencies, usually against some great faceless enemy from abroad who threatens their way of life. As it turns out, though, our great faceless enemy is not some mythical boogeyman living in a cave, nor some angry brown person who hates us for our freedoms… but the very people within the system who’ve taken an oath to ‘support and defend the Constitution of the United States against all enemies, foreign and domestic.’ Have you hit your breaking point yet?"
-Richard Scott

mike in tokyo rogers said...

I am surprised that some Americans think, "Because this entire website is devoted to bashing America and Americans..." No, dear. It's not. The few times that I have bashed American society and the predictable knee-jerk defensive reaction from Americans just merely illustrates that the old adage "the truth hurts" still applies.

Mr. Nobody said...

Mike,

I can't put my finger on it, but you seem like a father worried that their child might be on the wrong path. Do you think that you might have an overly idealistic view of the US?


Personally, I don't think the US is the best, or the worst, of most countries, in the past, or the present. I think it has done fairly well considering what a “melting pot” it is, and compared against any other country with such a disparate population, it has done extremely well.

I believe that war is a racket. But the US has been propagandized tremendously to a greater degree than almost any other nation I can think of.. Do you think that there were, and are so many in the US that are reticent about the wars in Iraq, Afghanistan, and potentially Iran? If so, is this a good sign or a bad sign?

Do you think that Churchill might have been right, that the US eventually does the right thing, after it has exhausted all other possibilities?

All the best...

mike in tokyo rogers said...

Dear Mr. Nobody,
Definitely KNOW that America is on the wrong path. I would have been like Anonymous above had I not left the USA. Americans are so sheltered and propagandized. They don't realize what they are doing to themselves. It's not like I am a Johnny-come-lately either. I first wrote about this in 2005: "America is Bankrupt". That article was the second most read article on Lew Rockwell that entire year (Lew Rockwell is #11 most read web page on the entire Internet)... I see the failings of the USA in my own family and their ideas and words... I see it in Anonymous's comments... Graduates of drug rehab know the symptoms... The problem with a mere druggie is that they only take themselves down... The USA is determined to take everyone else down with them... Iran is evidence of that!

Anonymous said...

Mr. Nobody wrote, "When it [the Monroe Doctorane] was written, wasn't it considered more of an anti-imperialist document?"

Ha, that's funny. You really don't understand what the word propaganda means, do you?

Mr. Nobody wrote, "But compared to almost any other currency since 1971, (since the closing of the gold window,) or 1982, 30+ years ago, most
other currencies have lost value faster."

Consider this:

"The U.S. dollar and Mexico's peso used to walk hand in hand before a variety of financial crises ...

While the country faced challenges ... the peso's valuation remained relatively stable."

Peso vs. US Dollars | eHow.com http://www.ehow.com/about_5687793_peso-vs_-dollars.html#ixzz1pvFIKOEc

What I mean is, it seems like you're cherry picking your currency examples.
Also, you don't seem to understand the role of gold vs. fiat currencies.

Mr. Nobody wrote, "First, what makes the Monroe Doctrine an imperialist doctrine? Wasn't it essentially a notice for the European powers not to harass, interfere, or declare war in the Americas? When it was written, wasn't it considered more of an anti-imperialist document?"

Ah, dude, you really don't study history much, do you? Or visit The Daily Bell? Propaganda is a pretty slut and it appears you've grown enamored by her.

"what makes the Monroe Doctrine an imperialist doctrine?"

HAHAHAHA! Oh, man, my sides hurt.

Mr. Nobody wrote, "PS: ... GB never used nuclear weapons on civilians either!"

Uh, depleted uranium tipped weapons *are* nuclear weapons. My question is, what do you know of more advanced weaponry and their effects? Or is your knowledge of weaponry limited to nuclear weapons as if mankind has reached the limits of their potential? Psft... And, as if things such as phosphorus (I forget the term, look it up, and it's effects) are any better?

Anonymous said...

Mr. Nobody wrote, "The USG may not at the time had any virtue, but I but I believe they had fewer vices, than the other “Great Powers” in the 19th & 20th centuries."

That's a Big funny. Maybe you should use the nic, Mr. Big Goberment? I hope you are revulsed/repulsed by that suggestion. Or are compelled to study history more? I would suggest starting with World War One and the trenches.

Mr. Nobody wrote, "I think if the British were in charge of Japanese aerial bombing, ... In that era, what do you think the Soviets, Chinese, or Free French, would have done?"

I think you need to spend some time at The Daily Bell to learn how all the sides were controlled and manipulated by the Anglo-Power Elite, then you could see? Or perhaps it's not possible,... some men are destined to be blind, imho.

Mr. Nobody wrote, "the number of sociopaths have gone up. ... it doesn't seems so bad"...

Geeze, Mr. Nobody, it seems like with that statement you might be one of those sociopaths? How-freaking-ever; there's hope for you when you write: "I believe that war is a racket." Go from there and Never forget that.

Anonymous @6:37 AM wrote, "Because this entire website is devoted to bashing America and Americans-"...

Oh gawd, dude, are you ever a Kool-Aide drinker, or what? Can you not see the difference between a warmonger and a peace-seeker? No? I didn't think so, typical of my fellow Americans, brain-dead-zombie-dumb-fu... P.S. I love you, try and seek understanding, will ya?

It's sooo true what mikeintokyorogers wrote, "the truth hurts"

On a macro And micro scale, this is true as well: mikeintokyorogers wrote, "The USA is determined to take everyone else down with them"

... Just like being in a bar fight.

Yeesh,... and the cost to exit is how much?

-clark a.k.a. total old-school American sickened by it all.

I think Americans have left behind what it means to be American and have instead embraced "something" contrary to that without even knowing it.
That "something" is called Fascism.

Anonymous said...

Mike!
Don't feed the trolls!

Mr. Nobody said...


Consider this:

"The U.S. dollar and Mexico's peso used to walk hand in hand before a variety of financial crises ...

While the country faced challenges ... the peso's valuation remained relatively stable."

Peso vs. US Dollars | eHow.com http://www.ehow.com/about_5687793_peso-vs_-dollars.html#ixzz1pvFIKOEc

What I mean is, it seems like you're cherry picking your currency examples.
Also, you don't seem to understand the role of gold vs. fiat currencies.

Clark, the article that is linked says when one counts in revaluations, the peso has fallen from 22 old pesos to 1 USD in 1976, to 12.000 old pesos to 1 USD in 2012. Doesn't that negate your assertion? The only currencies that have appreciated to the dollar, FWIR, have been the JPY, the former DEM, and the CHF.

I believe the main reason that the Swiss Franc held up so well was because of Swiss institutions, and because it formerly was backed by gold. Now that Swiss banks are in so much trouble, I expect the Swiss printing presses to run wild.

Perhaps I don't understand gold vs. fiat currencies. The claim from Mike was that the USD would fall 90% in a few weeks time. How would it, and compared to what? He said that the USD has lost out compared to the Yen.

I compared it to other currencies, and I still haven't gotten a reason why it should drop 90% in a few weeks time.

Unlike members of the Fed, I believe that gold is a store of wealth. The catch is, there are other stores of wealth, and it can be difficult to figure out which to invest in at a particular point in time.

Would it have been smart to buy gold at $700 USD an ounce in 1980 on hold onto it until 2012? Would it have been better to invest in some other asset? Would it have been smart to buy US real estate in 2005? Timing seems important, does it not?


Mr. Nobody wrote, "PS: ... GB never used nuclear weapons on civilians either!"


Actually Clark, that was Mike who wrote that. My belief is it more important that people died and much less in the way in which they were murdered. My other belief is that the other Allied powers would have been equally as bad, if not worse, if they were in charge of the bombing of Japan during World Wat II. In no way am I saying it was a good thing.


Uh, depleted uranium tipped weapons *are* nuclear weapons. My question is, what do you know of more advanced weaponry and their effects? Or is your knowledge of weaponry limited to nuclear weapons as if mankind has reached the limits of their potential? Psft... And, as if things such as phosphorus (I forget the term, look it up, and it's effects) are any better?


I don't think that they are much better. Please see my previous response.


That's a Big funny. Maybe you should use the nic, Mr. Big Goberment? I hope you are revulsed/repulsed by that suggestion. Or are compelled to study history more? I would suggest starting with World War One and the trenches.


It may be a case of the leper with the greatest number of fingers, or the madman with the greater amount of lucidity, quite possibly, but there still are differences in the amount of destruction that different madmen have carried out.


Mr. Nobody wrote, "I think if the British were in charge of Japanese aerial bombing, ... In that era, what do you think the Soviets, Chinese, or Free French, would have done?"
I think you need to spend some time at The Daily Bell to learn how all the sides were controlled and manipulated by the Anglo-Power Elite, then you could see? Or perhaps it's not possible,... some men are destined to be blind, imho.


For the first part, please see my previous response.
Perhaps, the should read the Daily Bell more, although I haven't had a chance to read it in quite sometime. I know something about the Creel Commission before WWI, along with Churchill and FDR before WWII, etc. Please enlighten me. How were Stalin and De Gaulle controlled and manipulated?

Mr. Nobody said...


Geeze, Mr. Nobody, it seems like with that statement you might be one of those sociopaths? How-freaking-ever; there's hope for you when you write: "I believe that war is a racket." Go from there and Never forget that.


My quote has been taken out of context. From the perspective of a whole, a gain from say 1% to 2%, may not seem like much, but an increase from from 1 to 2, is still a 100% increase in something.

My point is that most of the West has lost the plot. That some sociopaths possibly are born, but most are created, and since at least the 1960s, if not earlier, the numbers have greatly increased, and so has the mayhem. Don't you agree?

If you wish to continue to engage in ad hominem attacks, by name calling, be my guest. Just don't expect much of a response.

-Cheers

Anonymous said...

Anonymous obviously can't see past his nose nor can he read. I seem to remember you trashing the Japanese government and police quite often. How in tarnation someone can read this article about currency wars and take that as Anti-Americanism is beyond me.
Indeed quite a incoherent defensive knee jerk reaction.

mike in tokyo rogers said...

Here you go. I called it: "Dollar Done As Global Reserve Currency? India Buying Iran’s Oil With Gold". ”India is helping Iran to break the petrodollar monopoly by using gold to sidestep US and EU sanctions which could mark the end of the dollar as the global reserve currency.
More nation’s are defying western backed sanctions against Iran and continuing to import Iranian goods.
Following the severance of Iran from the global banking and SWIFT wire transfer system, this entire scenario is beginning to look like a ploy to push the U.S. into using a single global currency.
For starter’s the Obama administration is handing out waivers left and right to allow trading to continue with Iran, which will all need to be conducted in some other currency beside the dollar.
That of course means that any Iranian oil being purchased will not first go through global market exchange.
More than anything else, the dollar monopoly on the oil exchanges has kept the U.S. dollar as the world’s reserve currency and now that monopoly is quickly coming to an end.”

Anonymous said...

Mr Nobody wrote, "ad hominem attacks, by name calling"?

Where?

Also, evidence of how Stalin and De Gaulle were controlled and manipulated is out there. I don't have the link at hand.

Mr Nobody wrote, "Would it have been smart to buy gold at $700 USD an ounce in 1980 on hold onto it until 2012?"

It depends. A quality shared by many top investors is to focus on a return Of investment.

Mr Nobody wrote, "That some sociopaths possibly are born, but most are created, and since at least the 1960s, if not earlier, the numbers have greatly increased"

I'm not so sure the numbers have increased, it just appears that way. I'm also not so sure sociopaths are created, it may be they are all born that way?

- clark

Anonymous said...

To help answer my own question about algorithms trading affecting the price of silver and gold:

"Ironically, just days after noted analyst Ted Butler came on the show to explain how silver and other markets are manipulated through the use of high frequency trading, the real-time data feed company, Nanex, showed how the silver ETF (SLV) was forced downwards by a rapid number of machine-generated quotes exceeding a rate of 75,000 per second. Before you start to think that this was merely a bunch of people hitting the sell button all at once, consider this: They were all launched within the space of 25 milliseconds—ten times faster than you and I can blink!"...

http://www.financialsense.com/contributors/cris-sheridan/silver-manipulation-caught-in-the-act-hft-nasdaq-slv

- clark

Top 3 New Video Countdown for May 6, 2023! Floppy Pinkies, Jett Sett, Tetsuko!

   Top 3 New Video Countdown for May 6, 2023!!  Please Follow me at:  https://www.facebook.com/MikeRogersShow Check out my Youtube Channel: ...