Mish Says....

[jtabeb]

Mish Says No yuan devaluation! Gold backwardation, who cares? NO Amero!

Makes me inclined to think the opposite on all three counts:rolleyes:

Thoughts?

http://www.safehaven.com/article-12031.htm

[Yaowarat]

Re: Mish Says....

Mish Says No yuan devaluation! Gold backwardation, who cares? NO Amero!

Makes me inclined to think the opposite on all three counts:rolleyes:

Thoughts?

http://www.safehaven.com/article-12031.htm

If Mish says it then it is - always self-evidently - true.

All those who disagree with him must be, to some degree, deranged, religious zealots, or some other form of conspiracy freaks.

[ST]

Re: Mish Says....

Mish Says No yuan devaluation! Gold backwardation, who cares? NO Amero!

Makes me inclined to think the opposite on all three counts:rolleyes:

You have to admit the Amero idea to date has seemed absurd. The U.S. government sharing power of monetary policy? Canada, the country in best fiscal shape of the G7, giving up control over monetary policy? The only thing I can think is that people who believe this don't quite understand how the modern day monetary system functions.

Never say never, however, Europe had much more compelling reasons than any I see out there today for North America.

I would guess that gold will come back into the system in a big way long before anything like the Amero becomes a possibility.

[FRED]

Re: Mish Says....

Yuan devaluation is against Chinese government policy, just as a sharply rising dollar is against US policy. Markets will do what they do short term, however, due to the size of the flows in FX markets.

We have no opinion on gold backwardation except to say that groups cannot control markets for long, so if there is a gold price setting conspiracy in force it is irrelevant from our perspective of holding gold long term as insurance.

We agree that the Amero is not a serious discussion. Amero discussions will be moved to the Rant and Rave forum.

[jtabeb]

Re: Mish Says....

We agree that the Amero is not a serious discussion. Amero discussions will be moved to the Rant and Rave forum.

It looks pretty, though.

[metalman]

Re: Mish Says....

It looks pretty, though.

what, you mean that fake amero coin some nutter had made at http://www.hoffmanmint.com/ ?

great stunt.

[jtabeb]

Re: Mish Says....

what, you mean that fake amero coin some nutter had made at http://www.hoffmanmint.com/ ?

great stunt.

No, those were made by some private design company.

The faked Amero notes were more interesting


http://4.bp.blogspot.com/_uIpart1IM-...PaperNotes.JPG

Don't know who this guy is but he seems to have a bit of the "zionist conspiracy" disease.

[chris49]

Re: Mish Says....

Yuan devaluation is against Chinese government policy, just as a sharply rising dollar is against US policy. Markets will do what they do short term, however, due to the size of the flows in FX markets.

We have no opinion on gold backwardation except to say that groups cannot control markets for long, so if there is a gold price setting conspiracy in force it is irrelevant from our perspective of holding gold long term as insurance.

We agree that the Amero is not a serious discussion. Amero discussions will be moved to the Rant and Rave forum.

As I understand the Amero discussions, it is all in the vain of Tri-Lateralists (Euro/Amero/Asio?!)..One World Government...and global elites leading sheeple. Why is the Amero/One World Government not a serious discussion? Is it that you don't believe it it or don't want to believe it (I am the latter)? Denial based on our understanding of currency and monetary systems is is not a good enough reason. The elites (One Worlders) don't care what the monetary system is or is made up of, as long as they control it. Nothing is sacred ($/Euro/gold)...it is just a means of ultimate control/enslavement.

See the Financial Times today by Rachman discussed in a different thread. I am concerned...please tell me why I should not be because I would love to dismiss it out of hand like many do.:confused:

[ASH]

Re: Mish Says....

I am concerned...please tell me why I should not be because I would love to dismiss it out of hand like many do.:confused:

I haven't followed the Amero business at all, but I gather from context that this is a supposed plan by "elites" to politically unify the world, accompanied by a single currency? I apologize if I've got the wrong impression, but just regarding the notion of elites politically unifying the world:

Think about how much traction the one-worlders have with J6P -- is it easier to get J6P to support you by preaching unification or nationalism?

Think about the distribution of wealth and standard of living, and how that might have to change with political unification -- why would those with a high standard of living be eager to dilute it by a more equitable distribution?

Think about the reality of divergent national interests -- how can you create political unity when there is no unity of self-interest?

Think about how power would have to be shared, and what motive the powerful have to share it -- if you were in charge of a nation, how eager would you be to surrender that authority by creating an overarching hierarchy; if you were a regional voter, how eager would you be to dilute your franchise?

Just my opinion, but "one world" has never sounded like a realistic possibility.

[grapejelly]

Re: Mish Says....

I haven't followed the Amero business at all, but I gather from context that this is a supposed plan by "elites" to politically unify the world, accompanied by a single currency? I apologize if I've got the wrong impression, but just regarding the notion of elites politically unifying the world:

Think about how much traction the one-worlders have with J6P -- is it easier to get J6P to support you by preaching unification or nationalism?

Think about the distribution of wealth and standard of living, and how that might have to change with political unification -- why would those with a high standard of living be eager to dilute it by a more equitable distribution?

Think about the reality of divergent national interests -- how can you create political unity when there is no unity of self-interest?

Think about how power would have to be shared, and what motive the powerful have to share it -- if you were in charge of a nation, how eager would you be to surrender that authority by creating an overarching hierarchy; if you were a regional voter, how eager would you be to dilute your franchise?

Just my opinion, but "one world" has never sounded like a realistic possibility.

Wouldn't they have thought the same thing about the Euro say 30 years ago?

It is quite plausible, IMHO, because economic unity starts in the NAFTA zone like it did in the "Common Market" and power seems to evolve to the largest central authority possible.

The USD goes kaput and this replaces it. The gubmint gets out of all its obligations and starts fresh in the typical way...renegging on all the obligations it can't meet and issuing new currency.

Anyway, I don't want to end up on Rants and Raves so I better stop

[swgprop]

Re: Mish Says....

Think about how much traction the one-worlders have with J6P -- is it easier to get J6P to support you by preaching unification or nationalism?

Think about the distribution of wealth and standard of living, and how that might have to change with political unification -- why would those with a high standard of living be eager to dilute it by a more equitable distribution?

Think about the reality of divergent national interests -- how can you create political unity when there is no unity of self-interest?

Think about how power would have to be shared, and what motive the powerful have to share it -- if you were in charge of a nation, how eager would you be to surrender that authority by creating an overarching hierarchy; if you were a regional voter, how eager would you be to dilute your franchise?

Just my opinion, but "one world" has never sounded like a realistic possibility.

I couldn't agree more Ash. And I would venture to guess most if not all iTuliper's would too.

But J6P re-elected George Bush in 2004. And we allow our rights to be violated via the Patriot Act. And we allow Bush to brush aside the Posse Comitatus Act. And our president elect supported the FISA legislation. And over 1% of the US population is incarcerated, the highest rate in the world. So it would seem that selling pretty much anything to the masses is a no brainer.

And it certainly wouldn't be presented in the same trughful light that you did in your post. It would be sold as panacea, the end to wars, global peace, benevolence and goodwill at its core.

And for those further up the food chain, leaders of this nation, holders of wealth - I assume that they would be benefactors, elevated and enriched all the more.

[ASH]

Re: Mish Says....

Wouldn't they have thought the same thing about the Euro say 30 years ago?

Fair enough. But the experiment with the EU and the Euro isn't quite over yet. If they come out of the present crisis with a stronger political union, then I'll think change my assessment of plausibility.

[D-Mack]

Re: Mish Says....

Fair enough. But the experiment with the EU and the Euro isn't quite over yet. If they come out of the present crisis with a stronger political union, then I'll think change my assessment of plausibility.

The FT article mentions the problems

But this “problem” also hints at a more welcome reason why making progress on global governance will be slow sledding. Even in the EU – the heartland of law-based international government – the idea remains unpopular. The EU has suffered a series of humiliating defeats in referendums, when plans for “ever closer union” have been referred to the voters. In general, the Union has progressed fastest when far-reaching deals have been agreed by technocrats and politicians – and then pushed through without direct reference to the voters. International governance tends to be effective, only when it is anti-democratic.

The world’s most pressing political problems may indeed be international in nature, but the average citizen’s political identity remains stubbornly local. Until somebody cracks this problem, that plan for world government may have to stay locked away in a safe at the UN.

EU Leaders Unite on Stimulus Package -- Without Germany
The men all said Merkel's absence wasn't meant as a snub

Top European politicians and business leaders met in London to discuss a proposed 200-billion-euro stimulus plan, ahead of this week's bloc-wide summit. But Germany, Europe's largest economy, wasn't represented.


British Prime Minister Gordon Brown and French President Nicolas Sarkozy insisted at their meeting on Monday, Dec. 8, that Europe was united on the need for further action to stimulate the global economy.



The two leaders, who were joined in talks in London by European Commission President Jose Manuel Barroso, dismissed media reports of differences with Germany on the need of further urgent measures, including tax cuts.
http://www.dw-world.de/dw/article/0,,3859613,00.html