front door flows went into the gbp complexes today from the usd complexes...i dont see this changing as of yet!...That is the bottom line cus Ninner says so!!!
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Cable Update - Continued 118 replies
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Disliked{quote} The FED either issues treasury notes which are as good as cash for banks or prints money to increase the money supply. They can either destroy bank notes or repurchase treasury notes to decrease the money supply. Lest expensive and quickest solution is the treasury note solution.Ignored
Disliked{quote} The FED buys debt like treasuries and thats how they create new money. But thats unusual way of money creation. Banks control the money supply in any normal world. Interest rates are the only tool available to stop inflation, since theres no way the Gov can pay down any debt. The higher the cost of money the faster money is extracted, and the less money is loaned into existence. {image} {image} {image}Ignored
Disliked{quote} "The FED buys debt like treasuries and thats how they create new money." .... and to add to your point, The FED also buys Government debt with money printed on a printing press and charges U.S. taxpayers interest. Intersting point Bones, thanks for sharing your view on this. BTW, FED owned by the 12 Central banks: Rothschild Bank of London Warburg Bank of Hamburg Rothschild Bank of Berlin Lehman Brothers of New York Lazard Brothers of Paris Kuhn Loeb Bank of New York Israel Moses Seif Banks of Italy Goldman Sachs of...Ignored
Disliked{quote} The FED buys debt like treasuries and thats how they create new money. But thats unusual way of money creation. Banks control the money supply in any normal world. Interest rates are the only tool available to stop inflation, since theres no way the Gov can pay down any debt. The higher the cost of money the faster money is extracted, and the less money is loaned into existence. {image} {image} {image}Ignored
Disliked{quote} The FED can buy debt like treasury, sell debt like treasury, sell its own treasury notes, buy back or retire its own treasury notes and so on. Steps to reduce the treasury float reduce currency supply.Ignored
Disliked{quote} This is why Robert Kiyosaki (Rich Dad Poor Dad) told us to store wealth in God's money (Gold, silver, Real Estates) not in People's paper ($100 note).Ignored
Disliked{quote} That is just it. This has nothing to do with Russia or China. It is about the US bullying the world. Xi is interested in Chinese growth. If the US and Europe cut off China, he has been working on building the BRIC economy for decades now, one step ahead of the US. Russia, China and India are standing up to Europe and the US's global bullying, essentially saying they are tired of it. Are China, Russia and more guilty of a variety of 'sins'? Of course they are! The US and Europe trying to bully them isn't going to fix the problem!Ignored