Money Flow Trading Method along with Risk Management

I am not your MENTOR !!!

What is the point of enrolling again and pay ? ARE YOU SERIOUS ?

You HAVE NOT LEARNED ANYTHING BASED ON WHAT YOU NEED TO KNOW.

Your CHARACTER GUARANTEES THAT YOU WILL LOSE MONEY TRADING Forex.

What KIND OF PERSON ARE YOU ?

I AM NOT GOING TO REPLY TO ANY OF YOUR POSTS AND I REGRET THAT I EVER TRUSTED YOU AND TRIED TO HELP YOU.

You are praying for my family while you are trying to take food off their table. I never cease to be amazed at humans and their behavior.

In Forex you need DISCIPLINE and Character and the ability to control your fear and your EGO and your GREED.

Well GREED is something that you have no control over.


Good Bye


Benjamin

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Bond & Notes Charts

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Charts 10 Year Notes

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Charts GOLD

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Charts DJIA DOW 30

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Charts 2 Year Notes

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Charts USD

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https://www.zerohedge.com/news/2019-...ops+to+zero%29

Submitted by Guy Haslemann, macro strategist and former head of rate strategy at Scotia Capital


Three decades of benefits from globalization and free trade have come to end.


I have absolutely no doubt that today’s monstrous attack on world order is a creation of the Fed’s own making. It was started by the Fed when the FOMC pushed rates to the ‘emergency’ level of 0% in 2008, but then failed to raise them when markets resumed functioning properly and were no longer considered to be in an ‘emergency’ state.

The Fed rightly gets the blame, simply because the US has the world’s reserve currency; therefore, all other central banks had to follow the Fed’s lead in cutting rates, or their country’s currency would have strengthened too much, leaving their exports competitive.

Japan may have been the first major developed economy to move rates to 0%, but this is the wrong comparison for three reasons: 1) the Yen is not the world’s reserve currency; 2) most of its debt is owned by its own people; and 3) Japan’s real problem is a rapidly shrinking population.

Today, currency wars are sprouting up everywhere and are an indication that countries have urgently decided to put themselves first. With global indebtedness at multiples of GDP and far above 2008 levels, alternatives have diminished. Certainly, healthy pockets of ‘creative destruction’ are a political landmine and viewed as something to be avoided at all costs.

Central banks, led by the Fed, are destroying the global financial world order. Today’s $15 trillion of negatively yielding debt is lunacy. An investor taking interest rate risk should be compensated for it with added compensation for credit risk.

Further dangers have developed from income seekers fleeing negative yielding bonds and replacing them with dividend paying stocks, i.e., the other end of the capital structure. Old school portfolio construction like 60/40 portfolios no longer serve their proper function - I will save that topic for my next note.

It is unsustainable and impossible for central banks to try to perpetually prop up markets and maintain negative real yields. Currency wars are a race to the bottom in rates because the goal is to weaken the currency. However, an exchange rate is relative – it’s a ratio. When both countries cut rates, the ratio for the most part remains stable.

Unfortunately, there are many aggregating negative consequence; including, financial repression, indebtedness, ‘everything bubbles’, and moral hazard. Much has already been written on these topics.

I'd like to focus on the Fed’s exit strategy. What is it? Do any central banks have one? If they don’t have an exit strategy, then I believe that they don’t have any strategy at all. Sports team don’t celebrate at half time. Providing the stimulus is always the easy part, but only half the game

I believe at this point, the only way for central banks to not lose total control of markets is for the Fed to refrain from cutting again any time soon. Let the other central banks cut if they must, but the Fed must lead the way out of financial repression and on a path toward rate normalization. Only the country with the world’s reserve currency can do this. And, after all, the Fed is the one who got us into this mess in the first place.

It will be a difficult road, but markets give the Fed too much credit anyway and it really doesn’t have the proper tools to properly fix much of anything (except maybe the level of total indebtedness via the price of money). And, don’t believe their hubris when FOMC members say, “we are the only game in town”. They’d like to believe they are, but they are not.

The Fed is a central bank not a Finance Ministry, so it should stop acting like the latter.

Refraining from cutting again will likely mean a period of hardship brought on by a stronger dollar and weaker equity market. FOMC members should talk less and stop offering the 'market put’ that market participants now readily expect at the first sign of any market or economic weakness.

In short, the FOMC has to stop trying to make everything better today, because imbalances and debt are aggregating and Fed actions are mortgaging the world of tomorrow and damaging the economic world order.

This is how my method of Forex trading can work to perfection. At 3:15 PM today, I had a sense that the US30 (Dow 30) has gone up to far to fast. There was bad news out there that was still not factored into the markets. I put on one position of 100 units of US30 and also 50 units of SP500.

At 3:35 PM and 3:36 PM , I scaled in another two positions as the price was moving against my short. Finally at 3:43 PM , I put on my last two positions of US30 and SP500 as you can see from my SCREENSHOT.

I also put my Limit Out on all six positions and left my computer to have my supper. As everyone can see at 6:03 PM , the last position put on was closed out
for a profit of $791.00 US dollars. Then at 6:27 PM my other position put on at 3:43 PM was closed out for a profit of $1549.70.

At 6:31 PM and 6:33 PM my two positions put on at 3:35 PM and 3:36 PM were closed out with profits of $748.00 and $1223.00.

My first two positions put on at 3:15 PM were both closed out at 6:33 PM with profits of $502.00 and $709.20 US dollars.

So within three and one half hours my six Forex positions were all closed for a day profit of $5522.90 US dollars.

That was a textbook illustration of how my method of trading Forex worked to perfection.

The balance in my account is now $45,404.20 US dollars staring from just over $15,000 on July 15, 2019.


Benjamin

1. Post 6,914
2. Cleanup
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2. | Commercial Member [COLOR=#AFAFAF !important]|[/color] Joined Dec 2014 [COLOR=#AFAFAF !important]|[/color] 5,866 Posts [COLOR=#AFAFAF !important]|[/color] Online Now

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My balance was $32,514.80 US dollars on August 1, 2019.

WallStForMainSt





Jason talks about the real reason that the Fed cut rates despite a supposed economic expansion and not in a recession and why more rate cuts (President Trump would be very happy) sooner than later.

Jim Rickards' 2011 (reprinted 2012) book, Currency Wars: The Making of the Next Global Crisis https://www.amazon.com/Currency-Wars-...

President Trump Tweeted again today (he has been Tweeting about this a lot lately) about how the US Dollar was too strong: https://twitter.com/realDonaldTrump/s... Trump Slams "Always Wrong" Fed, Says "Not Thrilled At Strong Dollar" https://www.zerohedge.com/news/2019-0...

A Brief History of Currency Wars article by Jim Rickards: https://internationalman.com/articles...

Articles on What Is a Currency War?

1) Wikipedia definition of "Currency War:" https://en.wikipedia.org/wiki/Currenc...

2) What is a Currency War? - Definition & History https://study.com/academy/lesson/what...

3) What Is A Currency War And How Does It Work? https://www.investopedia.com/articles...

Articles On What Is Beggar Thy Neighbor?

1) https://en.wikipedia.org/wiki/Beggar_...

2) https://www.investopedia.com/terms/b/... Please visit the Wall St for Main St website here: http://www.wallstformainst.com/

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https://www.youtube.com/channel/UC0i...Wkm5X3XRityENw

https://www.zerohedge.com/news/2019-...ops+to+zero%29

Authored by Matthew Ehret via The Strategic Culture Foundation,
With the recent discussion of the collapse of the western system of banking (and neo-liberal ‘post-truth’ values more generally) a serious overview of the post-WWII stripping down of nation states is in order. Over the past couple of weeks, various figures like France’s Finance Minister Bruno Le Maire and American Senator Elizabeth Warren have called for a re-organization of the banking system with Le Maire saying on July 13 that the Bretton Woods “has reached its limits”, and Warren stating on July 22 that “the country’s economic foundation is fragile. A single shock could bring it all down.” It is no secret that the western nations sit atop the largest financial bubble in human history with global derivatives estimated at $550 trillion to $1.2 quadrillion.

https://zh-prod-1cc738ca-7d3b-4a72-b...08-930x520.jpg


As refreshing as it is to hear such candid admissions of the system’s failure from high level political figures, when asked what they wish will replace this bankrupt order, neither Le Maire nor Warren have any desire to work with the Russia-China Belt and Road alliance and are unfortunately on record supporting policies cooked up by the very same oligarchs they appear to despise in the form of the Green New Deal. In spite of what many of its progressive proponents would wish, such a global green reform would not only impose Malthusian depopulation upon nation states globally were it accepted, but would establish a the supranational authority of a technocratic managerial elite as enforcers of a “de-carbonization agenda”.

Due to the rampant lack of comprehension of how this crisis was created such that such idiotic proposals as “green new deals” are now seriously being suggested as remedies to our current ills, a bit of history is in order.

Some necessary background

“The money changers have fled from their high seats in the temple of our civilization. We may now restore that temple to the ancient truths. The measure of the restoration lies in the extent to which we apply social values more noble than mere monetary profit.”
– Franklin Delano Roosevelt, first Inaugural Address 1933


Knowing that the “money changers” had only been able to create the great bubbles of the 1920s via their access to the deposits of the commercial banks, Franklin Roosevelt made the core of his battle against the abuses of Wall Street centre around a 1933 legislation entitled “Glass-Steagall”, named after the two federally elected officials who led the reform with FDR. This was a bill which forced the absolute separation of productive from speculative banking, guaranteeing via the Federal Deposit Insurance Corporation (FDIC) only those commercial banking assets associated with the productive economy, but forcing any speculative losses arising from investment banking to be suffered by the gambler. The striking success of this law inspired other countries around the world to establish similar bank separation. Alongside principles of capital budgeting, public credit, parity pricing and a commitment to scientific and technological development, a dynamic had been created that would express the greatest hope for the world, and the greatest fear for the financial empire occupying the City of London and Wall Street.

The death of John F. Kennedy ushered in a new age of pessimism and cultural irrationalism from which our society has never recovered. The destruction of a long term vision as exemplified by the space program, the St. Lawrence Seaway and the New Deal projects had resulted in a tendency within the population to increasingly look upon present pleasures as the only reality, and future goods as the mystical expression of the sum of present pleasures. In this new philosophical setting, so alien in previous epochs, money was permitted to act as a power unto itself for short term gains instead of serving the investments into the real productive wealth of society. With this new paradigm shift into the “now”, a new economic model was adopted to replace the industrial economic model which had proven itself in the years preceding and following World War II.

The name for this system was “post-industrial monetarism”. This would be a system ushered in by Richard Nixon’s announcement of the destruction of the fixed-exchange rate Bretton Woods system and its replacement by the “floating rate” system of post 1971 fame. During that same fateful year of 1971, another ominous event took place: the formation of the Rothschild Inter-Alpha Group of banks under the umbrella of the Royal Bank of Scotland, which today controls upwards of 70% of the global financial system. The stated intention of this Group would be found in the 1983 speech by Lord Jacob Rothschild: “two broad types of giant institutions, the worldwide financial service company and the international commercial bank with a global trading competence, may converge to form the ultimate, all-powerful, many-headed financial conglomerate.”

This policy demanded the destruction of the sovereign nation-state system and the imposition of a new feudal structure of world governance through the age-old scheme of controlling the money system on the one side, and playing on the vices of credulous fools who, by allowing their nations to be ruled by the belief that hedonistic market forces govern the world, would seal their own children’s doom.

All the while, geopolitical structures foreign to the United States constitutional traditions were imposed by nests of Oxford-trained Rhodes Scholars and Fabians who converted America into a global “dumb giant” enforcing a neo colonial program under a “Anglo-US Special Relationship”. The Dulles brothers, McGeorge Bundy, Kissinger, and Bush all represent names that advanced this British directed plan throughout the 20th century.


The Big Bang
The great “liberalization” of world commerce began with a series of waves through the 1970s, and moved into high gear with the interest rate hikes of Federal Reserve Chairman Paul Volcker in 1980-82, the effects of which both annihilated much of the small and medium sized entrepreneurs, opened the speculative gates into the “Savings and Loan” debacle and also helped cartelize mineral, food, and financial institutions into ever greater behemoths. Volcker himself described this process as the “controlled disintegration of the US economy” upon becoming Fed Chairman in 1978. The raising of interest rates to 20-21% not only shut down the life blood of much of the US economic base, but also threw the third world into greater debt slavery, as nations now had to pay usurious interest on US loans.

In 1986, the City of London announced the beginning of a new era of economic irrationalism with Margaret Thatcher’s “Big Bang” deregulation. This wave of liberalization took the world by storm as it swept aside the separation of commercial, deposit and investment banking which had been the post-world war cornerstone in ensuring that the will of private finance would never again hold more sway than the power of sovereign nation-states.

After decades of chipping away at the structure of regulation that FDR’s bold intervention into history had built, the “Big Bang” set a precedent for similar financial de-regulation into the “Universal Banking” model in other parts of the western world.


The Derivative Time Bomb is Set
In September 1987, the 20 year foray into speculation resulted in a 23% collapse of the Dow Jones on October 19, 1987. Within hours of this crash, international emergency meetings had been convened with former JP Morgan tool Alan Greenspan introducing a “solution” which would have the future echoes of hyperinflation and fascism written all over it.

“Creative financial instruments” was the Orwellian name given to the new financial asset popularized by Greenspan, but otherwise known as “derivatives”. New supercomputing technologies were increasingly used in this new venture, not as the support for higher nation building practices, and space exploration programs as their NASA origins intended, but would rather become perverted to accommodate the creation of new complex formulas which could associate values to price differentials on securities and insured debts that could then be “hedged” on those very spot and futures markets made possible via the destruction of the Bretton Woods system in 1971. So while an exponentially self-generating monster was created that could end nowhere but in a meltdown, “market confidence” rallied back in force with the new flux of easy money. The physical potential to sustain human life continued to plummet.


NAFTA, the Euro and the End of History
It is no coincidence that within this period, another deadly treaty was passed called the North American Free Trade Agreement (NAFTA). With this Agreement made law, protective programs that had kept North American factories in the U.S and Canada were struck down, allowing for the export of the lifeblood of highly skilled industrial workforce to Mexico where skills were low, technologies lower, and salaries lower still. With a stripping of its productive assets, North America became increasingly reliant on exporting cheap resources and services for its means of existence. Again, the physically productive powers of society would collapse, yet monetary profits in the ephemeral “now” would skyrocket. This was replicated in Europe with the creation of the Maastricht Treaty in 1992 establishing the Euro by 1994 while the “liberalization” process of Perestroika replicated this agenda in the former Soviet Union. While some personalities gave this agenda the name “End of History” and others “the New World Order”, the effect was the same.

Universal Banking, NAFTA, Euro integration and the creation of the derivative economy in a space of just several years would induce a cartelization of finance through newly legalized mergers and acquisitions at a rate never before seen. The multitude of financial institutions that had existed in the early 1980s were absorbed into each other at great speed through the 1990s in true “survival of the fittest” fashion. No matter what level of regulation were attempted under this new structure, the degree of conflict of interest, and private political power was uncontrollable, as evidenced in the United States, by the shutdown of any attempt by Securities and Exchange Commission head Brooksley Born to fight the derivative cancer at its early stages.

By 1999 a politically castrated Bill Clinton found himself signing into law a treaty authored by then Treasury Secretary Larry Summers known as the Gramm-Leach-Bliley Act, which would be the final nail in the coffin for the Glass-Steagall separation of commercial and investment banking in the United States. The new age of unregulated trading and creation of over-the-counter derivatives caused these strange financial instruments to grow from $60 trillion in 2000 to $600 trillion by 2008.


The 2000-2008 Frenzy
With Glass-Steagall now removed, legitimate capital such as pension funds could be used to start a hedge to end all hedges. Billions were now poured into mortgage-backed securities (MBS), a market which had been artificially plunged to record-breaking interest rate lows of 1-2% for over a year by the US Federal Reserve making borrowing easy, and the returns on the investments into the MBSs obscene. The obscenity swelled as the values of the houses skyrocketed far beyond the real values to the tune of one hundred thousand dollar homes selling for 5-6 times that price within the span of several years. As long as no one assumed this growth was ab-normal, and the unpayable nature of the capital underlying the leveraged assets locked up in the now infamous “sub-primes” and other illegitimate debt obligations was ignored, then profits were supposed to just continue infinitely. Anyone who questioned this logic was considered a heretic by the latter-day priesthood.

The stunning “success” of securitizing housing debts immediately induced a wave of sovereign wealth funds to come into prominence applying the same model that had been used in the case of mortgage-backed securities (MBS) and collateralized debt obligations (CDO) to the debts of entire nations. The securitizing of bundled packages of sovereign debts that could then be infinitely leveraged on the de-regulated world markets would no longer be considered an act of national treason, but the key to easy money.


Conclusion
This is the system which died in 2008. Contrary to popular belief, nothing was actually resolved. For all the talk of an “FDR revival” under Obama, speculation wasn’t actually regulated under the Dodd-Frank Act or the Volker Rule of 2010. No productive credit was created to grow the real economy under a national mission as was the case in 1933-1938. Banks were not broken up while derivatives GREW by 40% with the new bubble concentrated in the corporate/household debt sector now collapsing. During this time, nation states continued to be stripped, as austerity was rammed down the throats of nations.

It should be no surprise that in the midst of this despair, a creative alliance was consolidated in defense of the interests of sovereign nation states and humanity at large led by the leadership of Russia and China.

This leadership took the form of the China-led Belt and Road Initiative which has grown to embrace over 130 countries today and looking more and more like an Asian-led version of the New Deal of the 1930s. Indeed, China’s capacity to unleash long term credit for thousands of international long term infrastructure projects was made possible by the fact that it was the only country on the globe which had not given up the principles of bank separation which were destroyed in every other nation. Very few western figures stood up to this self-induced destruction over the decades, but one notable exception here worth mentioning is the figure of the late American economist Lyndon LaRouche (1922-2019) who not only resisted this process for over four decades, but fought alongside the Schiller Institute to promote New Silk Road as early as 1996.


With the 2016 Brexit and election of President Trump, a new wave of nationalist spirit has become a fire which the technocrats have lost their capacity to snuff out. Increasingly, the idea that nation states have a power over the private banking system has become revived and discussion for reforming the now dead Trans-Atlantic system is increasingly shaped not by the calls for a “New World Order” as Sir Kissinger would have liked, but rather for a New Silk Road and a true New Deal. The Eurasian nations are already firmly committed to this new system, and if the west is to qualify morally to take part in this new epoch, then the first step will be a return to a Glass-Steagall.

https://kingworldnews.com/bullion-ba...l-time-record/

Big Picture For Silver
25-year chart shows commercial hedgers trading activity in the silver market where they covered a small amount of their short positions and remain nowhere near their highest level of short exposure in silver (see chart below).

25-Year Chart Shows Commercial Positions In Silver

https://kingworldnews.com/wp-content...III-892019.jpgsentimentrader.com

Near All-Time Record Short Positions
Bullion banks and commercial hedgers ramped up their short positions in the gold market in recent weeks and they are now very close to all-time record short positions in gold. (see chart below).

CAUTION: Bullion Banks & Commercials Are Now Very Near All-Time Record Short Levels In The Gold Market

https://kingworldnews.com/wp-content...r-I-892019.jpg

sentimentrader.com

25-year Chart Shows Commercials Increase Bearish Bets

https://kingworldnews.com/wp-content...-II-892019.jpg

sentimentrader.com

It will be very interesting to see if the commercials have added to their gold and silver shorts in next week’s COT report. For those who accumulate physical gold and silver on a dollar cost basis, continue to make purchases at the same time each month. Do not get cute and try to time the market.

Within hours KWN will be releasing an important audio interview! Until then…

Gold To Break 2011 High: Celente Issues Important Alert

READ THIS NEXT! Gold Will Break 2011 High: Gerald Celente Just Issued Important Market Alert CLICK HERE TO READ

More articles to follow…

In the meantime, other important releases…

Formerly Vocal Gold Bears Are In Hiding, A World Of Bubbles, Plus The Road To $1,800 Gold CLICK HERE TO READ

You Won’t Believe What Is Happening In The Gold Market, Plus Historic, Jaw-Dropping Moves That Will Take Your Breath Away CLICK HERE TO READ
WARNING: A Major Sign Of Fear, Plus A Surprising Look At Gold & Gold Stocks CLICK HERE TO READ

ALERT: Tom McClellan Just Issued This Major Warning To Investors CLICK HERE TO READ

2019 by King World News. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged

https://kingworldnews.com/gold-will-...-market-alert/

Gold Will Break 2011 High: Gerald Celente Just Issued Important Market Alert


August 09, 2019

https://kingworldnews.com/wp-content...-864x400_c.jpg

After a wild week of trading in global markets, Gerald Celente just issued this important market alert.

Within hours KWN will be releasing an important audio interview! Until then…

The Golden Bull
August 9 (King World News) – Gerald Celente: With all my heart, I do hope that as a Trends Journal subscriber you took action to become truly “Golden” after reading my 6 June Trend Alert, the “Gold Bull Run” when gold was at $1,332 an ounce.

It is now over $1,500. And, gold has strongly solidified above the $1,450 per ounce breakout point that I had forecast over the past six years it would need to do for it to spike to new highs.

Considering the weak state of world economies, volatile equity markets, Central Banksters across the globe aggressively sinking interest rates to new lows and inventing new schemes to pump more monetary methadone to keep the addicted Bull running… and bond yields sinking into negative territory and short term bonds yielding higher interest that long term notes, gold has regained its glory as the ultimate safe-haven asset.

Thus, I maintain my forecast that gold will spike above $2,000 per ounce. And considering that gold has hit six year highs, I forecast the downside risk is at the $1,390 per ounce range.

As a Trends Journal subscriber, you well know that I was the first to forecast “The Trump Market Rally” back in November 2016, two weeks after he defeated Hillary Clinton in the race for the White House.

Since that time, my market and economic forecasts have been solidly on-trend.

And now, from the major banks, hedge funds and “financial experts,” they are finally issuing warnings of a recession on the horizon that I had warned you of in past Trend Alerts and in ourTrends Journal.

Just as I was the first to call the “Gold Bull Run,” I am now forecasting that the “Greatest Depression” is on the way. We are already in a stage one recession. People feel it in their pocketbooks and they feel it in their bones. They’re deep in debt and deeply depressed.

Of course, once the economic tidal wave hits, it will be too late to take action.

Prepare NOW.


If you tune into the mainstream news you will find out what happened.

If you tune into my Trends in the News broadcasts M-W-F you will find out what is going to happen, and what you can to seize the opportunities and thrive, rather than dive as the economic ships of state sink into deep depression.

Within hours KWN will be releasing an important audio interview! Until then…

Gold Bears In Hiding, World Of Bubbles & $1,800 Gold
READ THIS NEXT! Formerly Vocal Gold Bears Are In Hiding, A World Of Bubbles, Plus The Road To $1,800 Gold CLICK HERE TO READ

More articles to follow…

In the meantime, other important releases…

You Won’t Believe What Is Happening In The Gold Market, Plus Historic, Jaw-Dropping Moves That Will Take Your Breath Away CLICK HERE TO READ

WARNING: A Major Sign Of Fear, Plus A Surprising Look At Gold & Gold Stocks CLICK HERE TO READ

ALERT: Tom McClellan Just Issued This Major Warning To Investors CLICK HERE TO READ

CAUTION: This Is How Crazy Financial Markets Have Become CLICK HERE TO READ

2019 by King World News. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged

https://www.zerohedge.com/news/2019-...ops+to+zero%29

Authored by MN Gordon via EconomicPrism.com,
There are certain phrases – like “trust me” or “I got this” – that should immediately provoke one’s suspicion. When your slippery contractor tells you, “trust me, your kitchen renovation will be done before Christmas,” you should be wary. There’s no way it’ll be done until late spring.

Or when your incompetent client says, “I won’t be needing your services at this time, I got this.” You should expect a panicked phone call at 5pm on Friday. “This is way more than I can handle,” your client will say, “take care of it.”

On Monday, when the sky was falling, and there was much weeping and gnashing of teeth, the Chinese yuan weakened to above 7 per dollar for the first time in over a decade. This prompted U.S. Treasury Secretary Steven Mnuchin to waft out a suspicious phrase of his own. He called China a “currency manipulator.”

Mnuchin’s logic, as far as we can tell, is that China manipulated their currency because their central bank didn’t adequately intervene in foreign exchange markets to prop up the yuan. Conversely, direct intervention into markets, to maintain a centrally planned price that’s acceptable to Mnuchin, is not currency manipulation. Go figure!

On Tuesday, to restore confidence in the yuan, and refute accusations of being a malevolent currency manipulator, the People’s Bank of China (PBOC) announced a plan to price fix the yuan. Specifically, the PBOC will sell 30 billion yuan ($4.2 billion) of offshore bills in Hong Kong on August 14. This move is designed to drain liquidity offshore, thus strengthening the yuan against the dollar.

Why bother?

Cooperative Currency Debasement


The world, circa 2019, is a fabricated reality. Debt, piled upon debt, piled upon debt, ad infinitum, has erected a financial order that’s at perilous odds with the underlying economy. Central bankers attempt to manipulate fake money and fake foreign exchange rates to keep the debt pile from cascading down.

https://zh-prod-1cc738ca-7d3b-4a72-b...henewreal1.jpg
The primary tactic central bankers use to haphazardly keep this sucker from going down, a la George W. Bush, is currency debasement. Central bankers inflate their currencies to keep asset prices and corporate operations, which are dependent on cheap credit, above water. Without perpetual currency debasement, the debt structure will break down…and assets and businesses will be liquidated for pennies on the dollar.


Such a liquidation is exactly what’s needed to return asset prices and businesses to a form and function that’s inline with the economy. However, getting from here to there would be incredibly disruptive. Many businesses would shutter their doors indefinitely. Unemployment would go through the roof.
But more important to the central planners, debt deflation and liquidation would overturn the wealth and power structure of today’s elites. Many of today’s wealthy and powerful would be reduced to paupers. That’s why they’re so determined to prevent it.

Nonetheless, the dirty deed of currency debasement is a delicate endeavor. The major central banks of the world must practice it in a loosely coordinated and cooperative manner. They must hold hands and debase their currencies together, maintaining relative stability.

Getting to a Special State of Ugly
The point is all central banks manipulate their currencies in an attempt to preserve a certain realm of acceptability. But, above all, they must supply liquidity to credit markets, via currency debasement, to levitate asset prices, and forestall the great liquidation. Ultimately, these efforts are doomed.

For one, they ignore the fact that foreign exchange markets are made by more than just central bankers. They’re requisite for international trade. They’re used by large investment funds to hedge against an abrupt devaluation. They’re also used by speculators to exploit perceived price differentials, which are often the result of central bank intervention in the first place.

For one, they ignore the fact that foreign exchange markets are made by more than just central bankers. They’re requisite for international trade. They’re used by large investment funds to hedge against an abrupt devaluation. They’re also used by speculators to exploit perceived price differentials, which are often the result of central bank intervention in the first place.

Throw in a currency war and escalating trade war, and the fabricated reality becomes increasingly difficult to maintain. Sooner or later it’ll be impossible to keep this sucker from going down. Before then, things will have to get to a special state of ugly.

For example, yesterday [Thursday], via Twitter, President Trump bellowed for greater currency manipulation:
“As your President, one would think that I would be thrilled with our very strong dollar. I am not! The Fed’s high interest rate level, in comparison to other countries, is keeping the dollar high, making it more difficult for our great manufacturers like Caterpillar, Boeing,…John Deere, our car companies, & others, to compete on a level playing field.

“With substantial Fed Cuts (there is no inflation) and no quantitative tightening, the dollar will make it possible for our companies to win against any competition. We have the greatest companies…in the world, there is nobody even close, but unfortunately the same cannot be said about our Federal Reserve. They have called it wrong at every step of the way, and we are still winning. Can you imagine what would happen if they actually called it right?”

Indeed, we can imagine many things. We imagine that when the Fed gives Trump what he wants – substantial rate cuts – the results will be remarkably different than he imagines.

Rather than invigorating American businesses, it will sink them under a red sea of debt. After that, this sucker’s going down.

https://www.zerohedge.com/news/2019-...ops+to+zero%29


Via Greg Hunter’s USAWatchdog.com,
Bill Murphy, Chairman of the Gold Anti-Trust Action Committee (GATA), says the market manipulators and price suppressors of gold and silver are fighting a losing battle. Murphy explains:

“The open interest on silver is at all-time high levels even though the price is barely $17 per ounce. That shows they are going all out even now to keep it down here. So, at some point, they are going to be overrun. They are going to have what we call a commercial signal failure, where these commercials to the big banks and other people who have been suppressing the price are just completely overrun. A lot of people are not prepared for that, but it is in the works right now. I am pretty sure it is going to occur.”

On gold, Murphy is just as bullish as he looks around the world at the high price of the yellow metal. Murphy says, “Gold is at all-time highs in 73 different countries. "

"In Canada, it is $100 higher than its (previous) all-time highs. The all-time high in U.S. dollars for gold is around $1,900 per ounce. It is going to take that out and start heading for $3,000, and I think it is going to do this faster than people think. The tipping point has been reached, and the gold cartel can’t do what they have done for so long...

It’s interesting, people say it’s the low interest rates (driving the price up). We had low interest rates years ago, but all these things have not mattered. Now, they are talking about low interest rates, negative interest rates and debt levels, and it’s all coming to the forefront at once, and they don’t have the physical gold to do what they did for so long...

I don’t think the gold cartel can do what they have been doing. Everything has changed, and it has to do with the physical market.”



https://zh-prod-1cc738ca-7d3b-4a72-b...es/bfmFED7.jpg

Murphy is most bullish on silver. Murphy says,

“For anyone that wants to get involved in precious metals, silver is going to be a home run. It actually just started...

Gold goes first because the physical market is tight. Then, the industry and silver people are going to make sure they have secure supply, and all of a sudden it’s going to be like a panic...

Silver is the bargain of a lifetime. It’s certainly the cheapest asset on the planet.”



https://zh-prod-1cc738ca-7d3b-4a72-b.../bfmB64E_0.jpg

Source: Bloomberg
In closing, Murphy predicts, “Gold and silver are just going to go nuts because there is no room on the downside in a lot of these markets."

"In other words, if they don’t keep printing the money and going to QE and keep interest rates low, it’s going to cause chaos. All I can say is I think gold and silver are headed for the moon. You are going to get these crashes out of nowhere because all of a sudden it’s like going into a black hole. That can happen, and that is what people need to be concerned about.”

Join Greg Hunter as he goes one-on-One with precious metals expert Bill Murphy, Chairman of GATA.





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To Donate to USAWatchdog.com Click Here. GATA.org is a free website where you can get lots of information about what is going on in the precious metals world. Bill Murphy also has a website called LeMetropolCafe.com with some free information.

On gold, Murphy is just as bullish as he looks around the world at the high price of the yellow metal. Murphy says, “Gold is at all-time highs in 73 different countries. "

https://www.zerohedge.com/news/2019-...ops+to+zero%29

Authored by Steve Hanke via The American Institute for Economic Research,
In a purely political move, the Trump administration (read: the U.S. Treasury) has branded China as a currency manipulator. This is an act of war. After President Trump announced that even more tariffs would be imposed on China, the markets took the value of the Chinese yuan down a notch or two. So, who was “manipulating” the yuan, Beijing or Washington? Well, it looks like Washington is engaging in yet another Asian currency war.


As it turns out, the United States has a long history of waging currency wars in Asia.
We all know the sad case of Japan. The U.S. claimed that unfair Japanese trading practices were ballooning its bilateral trade deficit with Japan. To “correct” the so-called problem, the U.S. demanded that Japan adopt an ever-appreciating yen policy. The Japanese complied and the yen appreciated against the greenback from 360 in 1971 to 80 in 1995 (and 106, today). But, this didn't close the U.S. trade deficit with Japan. Indeed, Japan's contribution to the overall U.S. trade deficit reached almost 60% in 1991. And, if that wasn't enough, the yen's appreciation pushed Japan's economy into a deflationary quagmire.

Today, the U.S. is playing the same baseless blame game with China. And why not? After all, China's contribution to the overall U.S. trade deficit has surged to 47%.

America’s recent declaration of economic war against China isn’t the first time the U.S. has used currency as a weapon to destabilize the Middle Kingdom.

In the early 1930s, China was still on the silver standard, and the United States was not. Accordingly, the Chinese yuan-U.S. dollar exchange rate was determined by the U.S. dollar price of silver.

During his first term, President Franklin D. Roosevelt delivered on his Chinese currency stabilization “plan.” It was wrapped in the guise of doing something to help U.S. silver producers and, of course, the Chinese.

Using the authority granted by the Thomas Amendment of 1933 and the Silver Purchase Act of 1934, the Roosevelt Administration bought silver. This, in addition to bullish rumors about U.S. silver policies, helped push the price of silver up by 128% (calculated as an annual average) in the 1932-35 period.

Bizarre arguments contributed to the agitation for high silver prices. One centered on the fact that China was on the silver standard. Silver interests asserted that higher silver prices — which would bring with them an appreciation of the yuan against the U.S. dollar — would benefit the Chinese by increasing their purchasing power.

As a special committee of the U.S. Senate reported in 1932:
“silver is the measure of their wealth and purchasing power; it serves as a reserve, their bank account. This is wealth that enables such peoples to purchase our exports.”

But, things didn’t work as Washington advertised. They worked as “planned,” however. As the dollar price of silver shot up, the yuan appreciated against the dollar. In consequence, China was thrown into the jaws of the Great Depression. In the 1932-34 period, China’s gross domestic product fell by 26% and wholesale prices in the capital city, Nanjing, fell by 20%.


In an attempt to secure relief from the economic hardships imposed by U.S. silver policies, China sought modifications in the U.S. Treasury’s silver-purchase program. But, its pleas fell on deaf ears. After many evasive replies, the Roosevelt Administration finally indicated on October 12, 1934 that it was merely carrying out a policy mandated by the U.S. Congress.

Realizing that all hope was lost, China was forced to effectively abandon the silver standard on October 14, 1934, though an official statement was postponed until November 3, 1935. The abandonment of silver spelled the beginning of the end for Chiang Kai-shek’s Nationalist government. America’s “plan” worked like a charm — Chinese monetary chaos ensued. This gave the communists an opening that they exploited — one that contributed mightily to their overthrow of the Nationalists.

https://zh-prod-1cc738ca-7d3b-4a72-b...ngkaitshek.jpg

Today’s currency war with China promises to deliver what currency wars always deliver: instability and uncertainty. And with that, it’s becoming clearer with each passing day that President Trump will not be the 2020 “Peace and Prosperity” candidate.