Sunday, May 24, 2015

RESET

What happens when 'the' Central Bank of all Central banks hosts the world's reserve currency games in your country of origin? The country that issues the world's reserve currency must run trade deficits or export it's inflation while maintaining "confidence" 
in the currency with inflation, at the same time.  

"The Triffin dilemma or paradox is the conflict of economic interests that arises between short-term domestic and long-term international objectives for countries whose currencies serve as global reserve currencies. This dilemma was first identified in the 1960s by Belgian-American economist Robert Triffin, who pointed out that the country whose currency, being the global reserve currency, foreign nations wish to hold, must be willing to supply the world with an extra supply of its currency to fulfill world demand for these foreign exchange reserves, thus leading to a trade deficit."

In debt based economies, you must always have inflation to service the sovereign debt.

What happens when you repeal Depression Era legislation and replace it with moral hazard?
What happens when "they" are international and you aren't?
What happens when 2008 to 2015 you print 13 trillion and naked short certain markets and "make" others?
What happens when in the US 10 Thousand baby boomers retire every year for the next 20 years?
What happens when your debt increases 40 Thousand Dollars, a second?

From William White chief economist of the Bank of International Settlements.

"Beggar thy neighbor devaluations are spreading to every region. All the major 
central banks are stoking asset bubbles deliberately to put off the day of reckoning. 
This time emerging markets have been drawn into the quagmire as well, corrupted 
by the leakage from quantitative easing (QE) in the West. 
...
We are in a world which is dangerously anchored."

Federal? Reserve Open? Market meetings or the free market, who ya gonna trust?

"We believe that U.S. bank regulators have made substantive progress in establishing a credible framework to resolve a large, failing bank," said Robert Young at Moody's. "Rather than relying on public funds to bailout one of these institutions, we expect that bank holding company creditors will be bailed-in and thereby shoulder much of the burden to help recapitalize a failing bank." 


In October they're going to recalibrate the Special Drawing Rights.

Place your bets hehehe.

-Old Hickory




55 comments:

  1. http://www.zerohedge.com/news/2015-05-24/paul-craig-roberts-our-soldiers-died-profits-bankers#comments

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  2. assets take time for positioning kli and the process is nearing completion. may be another few months but the reset will occur only when the east is ready. the system will not go by the way of the dodo bird but the reset will inflict great pain on those expecting paper assets to retain any value. debate continues on whether its through currencies as trigger or the bond market. no one cares about the equity market. it will follow quickly.

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  3. I love it when some Anonymous Joker tells us how the World is going to end in 2 months for the 10th time..
    Kindle

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    1. no shit at least we have a gas bag like you kindle to set us straight

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    2. I've got your gas. Another anonymous A.H.
      Kindle He knows

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    3. Well Kindle,

      Where in that post did it say the world was going to end. It's not my job to convince you of anything. You can lead a horse to water but you can't make him drink.

      But the truth is we live in an age where MY opinion is equal to YOUR facts, no matter how many facts there are, so your post is not surprising given the population an state of affairs because of the population. We live in a universe that will always be more complex then the human mind can comprehend and we live in a world that is a far different place than what most people are aware of.

      Not knowing how and why things are the way they are can lead to a pretty bad case of existential unease, then again ignorance is bliss.

      Thanks for posting Kli!

      -Old Hickory Himself.

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  4. One only needs to open their eyes and turn on their brains. Just a simple review of what the CBs of Germany, Austria, and the Netherlands are NOW undertaking. What is China doing? What is Russia doing? The CBs are not only net importers now of Gold but they are DEMANDING its return to their borders. Look at what is actually happening not what the MSM and pundits are showing you in their right hand.

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    1. This comment has been removed by the author.

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    2. Ahhh don't confuse u'm with facts it just messes with their minds....

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  5. Constitution, they don't need any stinking Constitution.....

    https://www.youtube.com/watch?t=103&v=Km4VFWAAl2w

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  6. ignore this..its just Zerohedge spouting BS.......hehhehehee and we all know they're completely wrong because they know this is a ponzi of the highest corruption

    http://www.zerohedge.com/news/2015-05-26/trannies-tumble-death-cross-triggers

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    1. I'm goin' out on a limb.......I think we just might get a June rate hike (60% chance).........wouldn't that be interesting?

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    2. If thats the case then I guess by June they'll have the unemployment numbers all buttoned up and tidy and there will be job for everyone? Hehehehe

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  7. Hehehehehe......

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  8. preparations well underway to use IBM's Watson in a rollout beta test in the VA hospital for AI replacement of doctors. after beta testing on VA it will be rolled out into the Medicare and public

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    Replies
    1. Well I hope WATSON can do a better job scheduling and getting these poor bastards a timely appointment for their medical needs! Its gotta be better then the idiots they got running the joint now!!!!!!

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    2. agree that docs will be replaced in all sectors of health care and complete grid control well underway in my area now.

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    3. The link is a little dated http://www.wired.com/2012/10/watson-for-medicine/

      I'm sure its advanced sum but I can't see how AI is going to take over.... It certainly will be beneficial to all the PA's and NP's that are replacing Doctors....

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  9. You can control a war. I saw it being done on several sub-q99x2 planets that still had banksters on them. They did it by using nukes to wipe out over half the poplulation and they printed like all hell to fight off the nuclear winter and fallout that followed. They at war with keeping what they caused from killing the rest of them. That was right before they replaced their governments with open source software, assassinated all their banksters and converted their financial system into an open source publicly owned and operated crypto-currency system where anyone caught with over 10,000,000 were sent to the pyramids. There are pyramids on planets throughout the universe that have beed constructed with the specific function of ridding planets of banksters. They symbolize the sacrifice of control by a few in honor of the force behind all existence. Ice ages followed for a number of thousands of years but I hear a few of the planets are starting to thaw out now.

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  10. So, Kliguy is about to be replaced? Good, that's called addition by subtraction.

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  11. Shame we can't get WATSON and program an algo or two to get rid of stupid Putz's such as yourself.....

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  12. We will not tolerate fraud in Sports, its completely out of the question, folks need to be held accountable!!!!!!

    http://mobile.nytimes.com/2015/05/28/sports/soccer/fifa-officials-arrested-on-corruption-charges-blatter-isnt-among-them.html

    But its OK for Banks..... BAWAAAAAAA

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  13. Pop......

    http://www.zerohedge.com/news/2015-05-27/shake-shak-slumps-chicken-spin-gains-disappear

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  14. Damn, this is getting comical.......

    http://www.bloomberg.com/news/articles/2015-05-27/mcdonald-s-to-stop-reporting-monthly-same-store-sales

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  15. Nah, you're the the one who's comical. How many thousands of ZH doom articles have you linked here over the years? Where's the collapse, the bug crash, the big reset? You've told us a zillion times, with nothing to show for it. You insane little putz.

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    1. And I'll bet you read every one of u'm......

      Putz

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    2. evening tom. skippy alive and well i see. visiting far away places and not having fun but will be back at the doom blog in a week. may get a post up in the next few days. if not then next week. a lot going on as the PTB position for the reset that will send skippy into permanent exile...hehehehehe....I've always said he'll never own one oz of gold or for that matter silver and when they reset it all his debt notes won't be much good for even toilet paper...... paper.....paper paper....just keep hopin' skippy.......keep the faith baby

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  16. I see the usual trolls are out today. I am curious just how much they pay them per key stroke. They have to be paid, no one is that stupid.

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    1. he's not paid....and yes he is that stupid

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  17. Harry Dent's prediction on holding dollars for the coming crash is a mistake if Russia and China position themselves in gold. They'll crush the dollar when they make their move...which I think is the real plan to blunt the West's dollar supremacy. They have to make this move. So BEWARE on Dent's dollar prediction.

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  18. Lot of stuff developing out there and I apologize for less posting of links and you tubes but on a different platform for a week and will have limits here to do this. will put up new post this weekend but OH MY......all of the info is this year is shaping up as significant in the ponzi. can't tell of course how it shakes out but many CBs are repatriating gold publicly and of course Russia and China are huge. hope you all are taking time to enjoy life and your family and keep preparing. don't get dist

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  19. Among the CBs repatriating: Austria.
    In case you missed it, DAG +9.2% today.
    Just back from NY...money is fleeing Europe, a "European" bought a co-op for $48 Million and a group of investors recently bought another for the highest amt. ever--$101 million!!!!

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    1. money is fleeing here too.....they're getting money into multiple countries in the form of real estate etc......moving into assets in multiple countries

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    2. Then once they're captured the Commissar Dee-Blah-Z-O will bang them all out with a special wealth real estate tax....

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  20. 7 years and counting of being dead wrong about everything, but, the big reset is just around the corner. Once Russia and China destroy the dollar, then Kliguy and his minions will celebrate as the price of gold goes to $18,000, predicted by Dr. Jim Willie, and Kliguy safely makes it to the other side.

    Physical, physical, physical. Yeah, that's it. You're not just stupid Kliguy, you are exceptionally stupid, dumb as shit, basically.

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    1. i think I'm hurt......hehehehe.....get a life skippy

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    2. The boy has a life, as pitiful as it is and that's to obsess over you....

      You know playing in his cardboard Tesla in the back of his Mommy's trailer gets boring after awhile even for him, watta Putz!!!!

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    3. he's scared and at the same time he hangs around all the doomer sites .....makes little sense unless you realize he's frightened. remember when gold took a nice bump up in the 1400s a couple years ago and market tanked....he wanted to know HOW to buy physical gold and what I recommended....hehehehehehe....watta putz.....he WAS SERIOUS!!! Thats the bizarre part

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    4. btw have a great day.....I'm "incarcerated"

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  21. http://www.startribune.com/nighttime-flight-circles-low-over-twin-cities-for-hours/305398901/

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  22. There goes another one......

    http://nypost.com/2015/05/28/man-falls-to-death-outside-luxury-building/

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  23. Just for a change of pace.......

    http://www.naturalnews.com/Infographics/Infographic-The-Vaccine-Racket-1280.jpg

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  24. Maybe some here missed the GDP numbers which are due to the nasty weather! Never mind the dollar strength y'all.

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    1. Saw that!!!!!!!! I waz shocked I tell you, just shocked........ They said this was all fixed??????

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    2. But not to worry, consumer confidence soared, lol! I was thinking our resident pollyannas may have missed the revised GDP. ;)

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    3. All you can do is laugh Sis.........

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    4. He was to busy repairing his card board Tesla with duct tape after one of his hissy fits over Kli's last post :)

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    5. they're in full retreat on the propaganda machine. now just pure lying outright.....becoming comedy act

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  25. DAG +3.4% today. Merciful heavens! Gold monthly closed positive. And market close nasty...but all is a-ok.

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  26. Hehehehe.....

    http://www.newyorker.com/humor/borowitz-report/mccain-urges-military-strikes-against-fifa

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  27. Things are good grandpa Jim Ethan and I give them a good but kicking in a golf tourney today 8 under and 250 in cash grand pa played well and Ethan was smooth as silk thanks for playing with me guys it was a blast

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  28. Friends reporting from OK and TX that their businesses began drying up seriously in Jan. They are blaming it on the weather; I asked what about the price of oil (poo)? No answer just yet! Have to say no signs of slowdown here ; massive construction, restaurants packed, cars from all over...assume lots of movement to our fair city due to looking for better weather!

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  29. Nah they wouldn't, right Skippy???

    http://www.hangthebankers.com/government-preparing-to-seize-401k-retirement-plans/

    btw I didn't post the Armstrong piece last week, since he's a crackpot Doomer... hehehehe

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  30. Certain readers/posters wouldn't know, but as kliguy pointed out years ago...60 Minutes now airing a piece on "water is the new oil". Toilet to tap recycling sewage water..tonight's program is a repeat, not sure when it first aired.
    On the "that's incredible!" list my friend Harriette Thompson was on the national news as she is the oldest woman ever to complete a marathon...she is a concert pianist who still performs as well. Amazing, amazing 92-yr. old woman!

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