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Thread: Are We On The Verge Of A Massive Emerging Markets Currency Collapse?

  1. #1

    Are We On The Verge Of A Massive Emerging Markets Currency Collapse?

    This time, the Federal Reserve has created a truly global problem. A big chunk of the trillions of dollars that it pumped into the financial system over the past several years has flowed into emerging markets. But now that the Fed has decided to begin "the taper", investors see it as a sign to pull the "hot money" out of emerging markets as rapidly as possible. This is causing currencies to collapse and interest rates to soar all over the planet. Argentina, Turkey, South Africa, Ukraine, Chile, Indonesia, Venezuela, India, Brazil, Taiwan and Malaysia are just some of the emerging markets that have been hit hard so far. In fact, last week emerging market currencies experienced the biggest decline that we have seen since the financial crisis of 2008. And all of this chaos in emerging markets is seriously spooking Wall Street as well. The Dow has fallen nearly 500 points over the last two trading sessions alone. If the Federal Reserve opts to taper even more in the coming days, this currency crisis could rapidly turn into a complete and total currency collapse. A lot of Americans have always assumed that the U.S. dollar would be the first currency to collapse when the next great financial crisis happens. But actually, right now just the opposite is happening and it is causing chaos all over the planet.
    For instance, just check out what is happening in Turkey according to a recent report in the New York Times...
    Are We On The Verge Of A Massive Emerging Markets Currency Collapse?
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


  2. #2
    The flaw in the plan was investing the money in emerging markets. That is not helping the USA, but rather sounds like another redistribution of wealth to other countries scheme. Emerging markets are always risky.

    Why does this sound so much like something I would expect from a clandestine scheme from the Obama administration, even though the Fed is supposed to be independent? Perhaps the same people are pulling the strings for both.

    I read the Venezuela has a 50% inflation rate. Yowzers!
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  3. #3
    Quote Originally Posted by TopDogger View Post
    The flaw in the plan was investing the money in emerging markets. That is not helping the USA, but rather sounds like another redistribution of wealth to other countries scheme. Emerging markets are always risky.

    Why does this sound so much like something I would expect from a clandestine scheme from the Obama administration, even though the Fed is supposed to be independent? Perhaps the same people are pulling the strings for both.

    I read the Venezuela has a 50% inflation rate. Yowzers!
    It is a kind of redistribution of wealth, but not in a way that you may think. The game is sucking wealth for multi national corporations shareholders and Co from labor, complicit emerging countries closing their eyes on the business operations, complicit emerging countries manipulating their currency, poor regulations, extreme low taxes scheme, complicit western countries that do not tax imports, and to finish charging consumers way more than what it should be but less than US company prices. I don't even talk about all the local and national taxes that could help the system.

    That's wrong for our national securities, that put millions of people out of work, that make us dependent from other countries and in some cases for our national securities, etc and that make the wealthy people wealthier.

    The USA is the first economic power and it is not right that so many people suffer from the economy, same thing in Europe.

    It just shows how disconnected our elite are with their own people.
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


  4. #4
    I don't remember if I have already posted this article here from 2010, but it is very interesting to read.

    One World, One Money: The Quest for A Single Global Currency
    One World, One Money: The Quest for A Single Global Currency
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


  5. #5
    Can you imagine the power they would have if this people take control of the world?

    From the article above:

    Here are a few points to ponder, taken from the BIS Charter, regarding the untouchable nature of this banking powerhouse,

    - The BIS is "immune from all taxation" including "all taxes on the Bank's capital, reserves or profits…"

    - The BIS headquarters, its branch offices, and any building used by the BIS are inviolable to national government officials, including national police officers.

    - Officials of the BIS have international diplomatic immunity, including immunity from arrest or imprisonment, "save in flagrant cases of criminal offence." BIS board and staff members have a host of other special perks, including immigration and tax benefits that the average person can only dream of.


    The BIS China branch has an especially powerful provision:

    "The Bank shall not be subject to any form of financial or banking supervision or obliged to implement any form of accounting standard, or to comply with any form of licensing or registration requirement."


    Is this what the world needs – another ultra elite, unaccountable, unapproachable, untouchable banking monarchy – a Global Central Bank that acts as the world king?

    Unfortunately, too few people understand the power and influence exerted by central banks.
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


  6. #6
    Something is missing from this story. A charter does not make a bank immune from taxes, nor does it grant them diplomatic immunity. Only dignitaries representing foreign countries have diplomatic immunity. No charter makes a company exempt from laws.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  7. #7
    Quote Originally Posted by TopDogger View Post
    Something is missing from this story. A charter does not make a bank immune from taxes, nor does it grant them diplomatic immunity. Only dignitaries representing foreign countries have diplomatic immunity. No charter makes a company exempt from laws.
    The BIS is a supranational entity, like the ECB. I found the ECB charter:

    Privileges and immunities
    Page 8 chapter II
    http://www.bis.org/about/headquart-en.pdf

    PRIVILEGES AND IMMUNITIES OF THE EUROPEAN CENTRAL BANK

    http://www.ecb.europa.eu/pub/pdf/scplps/ecblwp4.pdf
    Last edited by Franc Tireur; 30 January, 2014 at 01:24 AM.
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


  8. #8
    I think I will write my own charter that grants me immunity form both Obama and taxation.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  9. #9
    Quote Originally Posted by TopDogger View Post
    I think I will write my own charter that grants me immunity form both Obama and taxation.
    When everybody do not submit to the same laws, there is no more Democracy!

    That's show really where we are heading: A dictatorship by the bankers, you just need to see what's going on in Europe to believe what I say.
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


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