History always gives us an answer – china, the roaring 20’s and the us dollar has 5 more years of pseudo life eur to usd graph


I have always warned people about September and October when it comes to economic collapse binary cheat sheet. Historically whenever our nation would fall into economic collapse, it is always around that September / October time frame.

Why do I say that? Because something took place this summer that gave me VERY SERIOUS pause for thought taux de change euro dollar australien. A black swan event that took many by surprise.

Think about it– these governments and central banks have absolutely nothing tangible to offer stock market futures live. This is why the dollar and most other currencies are based on fiat.

In order for it to functioning, every participant in the financial system must have confidence cny usd exchange rate. Or at least have confidence that everyone else has confidence.

See, the west dominates finance world with the IMF and World Bank; but China has launched the Asia Infrastructure Investment Bank to compete.

The US dollar and euro dominate global reserves and international trade; but China has quickly loosened controls, established renminbi financial centers around the world, and entered into numerous swap agreements to compete.

Yet its usage now has exploded, to the point that the renminbi is now the 5th most widely used currency in global payments, ahead of the Canadian dollar and Swiss franc.

When the bubbles popped in China, instead of letting the market take its natural course, the Chinese government has stepped in to “manage” the crisis with the most mystifying, baffling steps imaginable.

Then they actively prompted small investors to dive headfirst into the marketplace, even suggesting that people offer up their homes as collateral to buy stocks on margin.

They flat-lined their economy and now they’re banning large buyers from selling any stock to the point that they’re even threatening to jail short-selling investors who profit from stocks declining.

What was not in the main stream media news is that the IMF is supposed to decide whether or not to include the renminbi in their ‘SDR’ pseudo-currency basket.

The IMF is due to decide by the end of the year whether to include the renminbi in its so-called special drawing rights, the elite group of currencies it uses to determine the value of its own de facto currency.

The decision depends on the IMF determining just how “freely usable” the tightly controlled Chinese currency has become euro to aud converter. The push for inclusion has been driving a series of reforms by Beijing, which is keen to see the renminbi labelled a reserve currency alongside the dollar, euro, yen and sterling.

The bid for SDR inclusion is also among the factors cited by observers as being behind last week’s move by the People’s Bank of China to allow a greater role for markets in setting the daily trading band for the renminbi, which prompted the two biggest daily swings in the currency since the 1990s.

But the IMF said on Wednesday its board had decided that if it opts later this year to include the renminbi in the SDR basket, the move will not take formal effect until September 2016.

This potentially gives China more time to enact reforms, although most if not all would have to be in place before the IMF board makes its decision in September 2016.

They can point to this incident and say, “Due to the unstable nature of China’s capital markets and regulatory environment, we will not include the renminbi at this time.”

The 1920s were a decade best remembered for unprecedented affluence, a profusion of fantastic new consumer products, and a vibrant and creative urban cultural scene.

The 20’s also brought a deep agricultural depression, jobs are getting harder to find, food prices going up, but still there was this mentality that everything is going to be ok.

We can look at the roaring 20’s and we see a distorted reflection of our own times, viewed kind of like through one of those mirrors at a circus funhouse.

In both eras—the 1920s and today—we see presidents elected because the voters liked their personalities, only to endure administrations mired in corruption and scandal.

In both eras, we see a showdown between the secular values of the marketplace—in which everything is for sale, and sex sells—and the old-fashioned religious principles of fundamentalist Christianity is gone.

In both eras, we see powerful movements to restrict immigration amid fears that the arrival of too many newcomers to this nation will undermine American society and culture.

Well due to a black swan event that played well in our favor, we averted that storm today to only have it later barrel down on us at some future date gender definition sociology. How Long Do We Have?

We still have to deal with the baby boomer ERISA situation that is growing every year and we have to deal with the real estate bubble that will probably pop around 2016 maybe 2017.

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