Sign in to follow this  
Followers 0
Luigi1

Could all currencies re-set tomorrow?

43 posts in this topic

Guru I4U believes all currencies will re-set tomorrow.

 

He also heard on Bloomberg that a global re-set all at one time will be the only thing that can possibly save the Euro & USD at this time.

2

Share this post


Link to post
Share on other sites

All countries can't agree to the simplest International accords, much less to an economic reset. The concept of a global currency reset is pure fantasy.

6

Share this post


Link to post
Share on other sites
I do not know enough about currencies to really comment but sadly if they do i dont think what we are looking for will be in amongst them.
1

Share this post


Link to post
Share on other sites

All countries can't agree to the simplest International accords, much less to an economic reset. The concept of a global currency reset is pure fantasy.

 

 

Not diagreeing.

This has been in the works for decades & will eventually pave the way to a one world currency called the Bankor note.



I do not know enough about currencies to really comment but sadly if they do i dont think what we are looking for will be in amongst them.

 

 

There are several sites you can go to & obtain information.

 

Google it. Key words, Bankor Note,  one world currency, NWO, WTO, digital or e-currency.

1

Share this post


Link to post
Share on other sites

Nice find...hope it is a global day of change tomorrow.... Go RV!!!!!!!!!!!!!!!!!1 :twothumbs:

0

Share this post


Link to post
Share on other sites
Luigi, I have been a equity investor and a currency trader for 25 years. I have had great success in stocks (specifically biotech's). Currency traded has not been so kind. I can tell you from my experience and from other forex traders I communicate with on a frequent basis that a global currency reset is a fantasy. If this did happen, the USD would take a hard fall because in comparison to strong currencies such as Kuwaiti Dinar, UAE, Swiss Franc the dollar would definitely be devalued as it should be. Look what just happened in Venezuala with their recent currency devaluation of 30%. Chavez ordered it devalued from his death bed because of years of that government and Chavez's corruption with spending the country bankrupt. IMO, until we get these governments out of power, they will continue to spend other people's money. That's socialism 101. Sorry if my rant got off base.
2

Share this post


Link to post
Share on other sites

Luigi, I have been a equity investor and a currency trader for 25 years. I have had great success in stocks (specifically biotech's). Currency traded has not been so kind. I can tell you from my experience and from other forex traders I communicate with on a frequent basis that a global currency reset is a fantasy. If this did happen, the USD would take a hard fall because in comparison to strong currencies such as Kuwaiti Dinar, UAE, Swiss Franc the dollar would definitely be devalued as it should be. Look what just happened in Venezuala with their recent currency devaluation of 30%. Chavez ordered it devalued from his death bed because of years of that government and Chavez's corruption with spending the country bankrupt. IMO, until we get these governments out of power, they will continue to spend other people's money. That's socialism 101. Sorry if my rant got off base.

 

 

Thanks for the comment.

 

What's your opine on a one world currency?

0

Share this post


Link to post
Share on other sites

Whether anything happens now or ever...who knows...but for the last appx. 3 years, most all monetary entities worldwide, have been mentioning a "GLOBAL RESET" coming...

 

The G-20 Meeting in Los Cabos, Mexico, as well as the IMF...put out articles..depicting where the "EMERGING MARKET COUNTRIES"...would boost and/or bail out the "GLOBAL ECONOMY"...

 

Can anyone explain what all or any of this means?....For what it's worth....

0

Share this post


Link to post
Share on other sites
IMO would never happen.. China is the biggest currency manipulator in the world. South Korea also holds their currency down. A one world currency would never work because most countries would never give in to the rules in the first place.
2

Share this post


Link to post
Share on other sites

At the rate things are going economically...at least in most areas...should there not something come along that will boost or bail out some of these monetary systems..it really wont matter...as it will all be over anyway...it really wont matter what color or kind of money your holding...lol...



Either there is a plan...or there is'nt...but for many that can read between the lines...there must be something, at least if things are to continue...

0

Share this post


Link to post
Share on other sites

IMO would never happen.. China is the biggest currency manipulator in the world. South Korea also holds their currency down. A one world currency would never work because most countries would never give in to the rules in the first place.

 

 

Agree. China, SK & Vietnam are under pressure by the WTO to RV to prevent further currency wars & give Western nations a fair advantage over lavor & costs of exports compared to emerging markets. This kinda evens the playing field.

0

Share this post


Link to post
Share on other sites

Whether anything happens now or ever...who knows...but for the last appx. 3 years, most all monetary entities worldwide, have been mentioning a "GLOBAL RESET" coming...
 
The G-20 Meeting in Los Cabos, Mexico, as well as the IMF...put out articles..depicting where the "EMERGING MARKET COUNTRIES"...would boost and/or bail out the "GLOBAL ECONOMY"...
 
Can anyone explain what all or any of this means?....For what it's worth....


4aprofit I can see a revaluation of multiple currencies happening at once. I understand why this RV is taking so long, because many factors are at play here. It's not just about the Iraqis and their bickering. This RV will affect every tradable legitimate currency in the world. If they are planning a multiple RV all countries will have involvement. IMO this must be what they are talking about with a global reset.
0

Share this post


Link to post
Share on other sites

4aprofit, history is not on our side. All economies and societies eventually fail. 

 

 

 

True. These are only stop gap measures to keep the global economies from deteriorating further.

 

The Great Depression was global. This next downturn will also be global. Many nations could fall just like Greece & Cyprus.

0

Share this post


Link to post
Share on other sites

True. These are only stop gap measures to keep the global economies from deteriorating further.
 
The Great Depression was global. This next downturn will also be global. Many nations could fall just like Greece & Cyprus.


Yes your right. If this country (US) goes bankrupt, and it looks like it will, the world will suffer immensely. Financial instability puts our national security at great risk. If things stay in this direction, this will be a very scary place to live.
1

Share this post


Link to post
Share on other sites

We are in a currency war. The only thing we will see is the US dollar fall in value to the lowest levels ever.

 

That is all guru Bullsh*t about the global reset.

 

Here is what is really going on, brace yourself for the truth.

 

http://w3.newsmax.com/a/currency-wars/video_uwr.cfm?p=n&promo_code=12374-1&gclid=CLv9jJa9yrYCFQgHnQod0DQA7g

Edited by coolbeans
1

Share this post


Link to post
Share on other sites

We are in a currency war. The only thing we will see is the US dollar fall in value to the lowest levels ever.

 

That is all guru Bullsh*t about the global reset.

 

Here is what is really going on, brace yourself for the truth.

 

http://w3.newsmax.com/a/currency-wars/video_uwr.cfm?p=n&promo_code=12374-1&gclid=CLv9jJa9yrYCFQgHnQod0DQA7g

The World is in a World of S**T            As a subscriber to Newsmax & Moneynews, well I'v'e been reading about this for a while now. Xcellent find coolbeans  :twothumbs:

0

Share this post


Link to post
Share on other sites

At the rate things are going economically...at least in most areas...should there not something come along that will boost or bail out some of these monetary systems..it really wont matter...as it will all be over anyway...it really wont matter what color or kind of money your holding...lol...
Either there is a plan...or there is'nt...but for many that can read between the lines...there must be something, at least if things are to continue...

If things I've been reading in several articles over the past 2 or 3 months are true, apparently as far as the US goes...something is expected to happen as far as the economy goes! And not in a negative direction. The Obama administration seems to be banking on an increase from somewhere...to the extent that it is to increase approx 3 million Americans to a "millionaire" status. This was according to an article in the Washington Post (the most recent one i read...will have to find the article for a link). There are those who are expecting this so strongly that many are predicting that by 2015 some laws will be changed to the extent that Obama will be eligible for a 3rd term....one person stating this also predicted that Fannie Mae and Freddie Mac would declare bankruptcy months before they did! Dont know how much of this i believe...at one time i would have dismissed it totally...but now days, who truly knows!! Jist info...not my opinion. God Bless! Edited by hoosier1470
0

Share this post


Link to post
Share on other sites

Hoosier...good to see ya....lets hope this thing does make us millionaires before Obummers second term runs out.....would not make me vote for him though.

Edited by SnowGlobe7
1

Share this post


Link to post
Share on other sites

All countries can't agree to the simplest International accords, much less to an economic reset. The concept of a global currency reset is pure fantasy.

Agreed.

0

Share this post


Link to post
Share on other sites
IMF To Add AUD and CAD As Reserve Currencies; Which One’s Next?

Published time: March 06, 2013 17:02 Edited time: March 07, 2013 11:42

IMF confirmed that the AUD and CAD will appear as reserve currency within three months. This emphasizes the spiraling demand for additional reserve currencies and the New Zealand dollar has the best chance to join the list, according to experts.

"The IMF is expanding the list of currencies separately identified in the Composition of Foreign Exchange Reserves reporting (COFER) template," said an IMF spokeswoman as cited by The Wall Street Journal. "The implementation of the revised COFER Report Form, with separate identification of the Australian dollar and Canadian dollar, is scheduled for the first half of 2013."
 
The IMF holds report figures of the global reserve holdings in a database known as the COFER mainly in just five currencies, deemed by many investors to be among the world’s safest: US dollars, euros, British pounds, Japanese yen and Swiss francs.

Recent economic problems associated with the euro and the dollar set a continuing trend for the diversification of the reserve currencies as a way out from the volatility, Yaroslav Lissovolik, chief economist at Deutsche Bank in Moscow told RT.

“It is definitely a trend and this trend will continue. There is a global demand for more reserve currencies. (IQD?)The world economy wants to diversify the set of reserve currencies as a way from the volatility and the problems associated with the current reserve currencies, because both US and Europe are plagued by economic problems.

This is natural and clear that the global economy should use more foundations, more columns on which to stand and build a stronger foundation of a more complex global economy,” said Lissovolik.
 


"Currency war" back to the negotiating table between the superpowers

087440cc-20de-41c4-841e-14a18ee7133a.jpg
The ongoing currency war fueled Japan
3:22 p.m.
10
February
2013


Dominate " currency war "that fueled Japan and Europe began to worry Monday at the Eurogroup meeting where France wants to put the subject of the strong euro controversial, then, Friday and Saturday, in Moscow during the twentieth summit.

Meet and euro zone finance ministers on Monday in Brussels in their first meeting under the chairmanship of Dutchman Jeroen Dislblom who succeeds Jean-Claude Juncker, Prime Minister of Luxembourg.

This will be the main excellence of the European group, which are not expected to come out of any decision, not on assistance to Cyprus awaiting Cypriot presidential elections next Sunday, nor on the Banking Federation, which is still the subject of intense negotiations.

The attention is focused on the declared intention of the French Minister Pierre Moscovece to open "debate" about the level of the euro.

France demands that put the euro zone, "a policy of currency exchange" because of the concern of the high value of the common European currency which increases the cost of exports has been serving its consideration of the recent efforts to restore competitiveness.

But it seems that Germany and the European Central Bank wanted to eliminate in advance on this debate with the assertion that not overestimated the value of the euro.

The European Central Bank President Mario Draghi his part, seemed cautious Thursday on the return of growth in the euro zone, in a letter seen by a number of analysts to try to contain the rise in the value of the single currency.

A successful attempt because the exchange rate of the euro was currently about $ 1.33-a-days exceeded $ 1.37, a record price in 14 months.

It is expected that renewed debate at the end of the week in Moscow, where he will meet finance ministers and heads of central banks of the Group of Twenty, which includes the most prominent rich and emerging nations for the first time under the chairmanship of Russian.

And before the economic recovery falters achieved at the global level, Russia has set itself as a key task determine the "sources of growth" by new Group of Twenty summit in the fifth and sixth of September in St Petersburg.

But rich countries have المرغمة to contain or even absorb the debt, resorting more and more to the monetary weapon, any instrument currencies to support its economy.

After the United States, which used to pursue this policy, just persuaded Japan central bank to follow this approach, the shift is supposed to pay it from the spiral of decline that weaken economic activity.

But this transformation also resulted in a lower value of the yen against the satisfaction of Japanese industrialists but infuriated some countries, including Germany, which is one of the leading exporting countries in the world.

The problem lies in this context in the decisions of the lack of cooperation, in contrast to spiritual group twentieth supposed to coordinate global economic policy-making.

And that is a worry also neighboring South Korea, which increased its currency the "Won" automatically against the yen, as well as South American countries that regularly expresses its concern regarding U.S. monetary policy.

Note that the term "currency war" developed by Brazil in 2010.

This "war" than at the present time under the emerging countries and "seems to have reached in recent weeks to the developed world," the analysts pointed to "ING Anevstmant Management" in a note.

In fact fears the euro zone central bank refuses to issue currency to support the economy, find themselves isolated and pay the price at the level of growth.

Mario Draghi said, warning that he said did not reflect the policies pursued in other places of the world, "the consensus in the Group of Twenty then we would have to discuss that."

The comment comes after France's comments and also for Germany, which through its finance minister the Schaeuble Volgang "great concern" about the Japanese shift in what has become head of its central bank Jens Vaidman worried about a "race to reduce currency."

 

 

http://www.al-sharq.com/ArticleDetails.aspx?AID=239639&CatID=108&title="%D8%AD%D8%B1%D8%A8%20%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A7%D8%AA"%20%D8%AA%D8%B9%D9%88%D8%AF%20%D8%A5%D9%84%D9%89%20%D8%B7%D8%A7%D9%88%D9%84%D8%A9%20%D8%A7%D9%84%D9%85%D8%AD%D8%A7%D8%AF%D8%AB%D8%A7%D8%AA%20%D8%A8%D9%8A%D9%86%20%D8%A7%D9%84%D9%82%D9%88%D9%89%20%D8%A7%D9%84%D8%B9%D8%B8%D9%85%D9%89



CNBC....Pro: Good Times Await Currency Investors
Text Size
Published: Friday, 1 Feb 2013 | 10:19 PM ET
100010229-kelley-holland-silo.80x60.jpg? By: Kelley Holland

News Writer

 
 
Twitter
 
104
 
 
LinkedIn
 
7
 
 
Share
 
100301252-young-people-partying-confetti
Paul Bradbury | OJO Images | Getty Images

Hooray! Happy days are here again if you are a currency investor.

So says George Saravelos, a currency strategist at Deutsche Bank.

Saravelos is a believer in the "Great Rotation," the theory that investors will be shifting en masse into equities from bonds as the dark days of the Great Recession recede into the past. And he says the Great Rotation is great for currencies.

"The start of the "Great Rotation" coincides with a cyclical trough in forex returns, suggesting we may be entering a cyclical 'bull' market for currency investors," he wrote in a note to clients.

So how, exactly, will this play out?

First up is the euro, Saravelos says. "EUR should outperform in the initial stages of the "rotation," he predicts. "Some crosses such as EUR/GBP have already recovered most of their pre-2010 losses. But the years of broad-based EUR weakness are over." Based on the euro's recent performance, Saravelos seems to be spot on with this point.

A second implication for currency markets relates to the risk on-risk off trade, which has been a long-term dominant theme in the currency markets. "Lower global tail risk means that both policy changes and investor flows become more responsive to individual country conditions," Saravelos says.

The bottom line: do your homework about different countries and currencies and it should really pay off.

Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm and repeats on Saturdays at 7pm.

Learn more: The essential vocabulary for currency trading is on Key Terms Dictionary. Top currency strategies are broken down for you in Currency Class.

Talk back: Tell us what you want to hear about - email us at [email protected].

http://www.cnbc.com/id/100427455/

1

Share this post


Link to post
Share on other sites

This country will be in a up roar if the govt gets rid of the 22nd amendment and allows this communist to run for a third term. 

If things I've been reading in several articles over the past 2 or 3 months are true, apparently as far as the US goes...something is expected to happen as far as the economy goes! And not in a negative direction. The Obama administration seems to be banking on an increase from somewhere...to the extent that it is to increase approx 3 million Americans to a "millionaire" status. This was according to an article in the Washington Post (the most recent one i read...will have to find the article for a link). There are those who are expecting this so strongly that many are predicting that by 2015 some laws will be changed to the extent that Obama will be eligible for a 3rd term....one person stating this also predicted that Fannie Mae and Freddie Mac would declare bankruptcy months before they did! Dont know how much of this i believe...at one time i would have dismissed it totally...but now days, who truly knows!! Jist info...not my opinion. God Bless!

1

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.
Sign in to follow this  
Followers 0

  • Recently Browsing   0 members

    No registered users viewing this page.