De VS mag zich niet verzetten tegen de afbouw van de $, NWO/globale munteenheid.Soros

[D'ARTOIS]

Ik kan me bij die opstelling van IJsland wel aansluiten.
Hier zie je dus duidelijk dat politiek opportunisme door de burgerwacht de keel is afgesneden. En dat de politici die over de ruggen van hun kiezers een link geintje dachten uit te halen hetgeen dus strandde op de zandbank van het referendum.

Verder namen ze het zeer verstandige besluit niet tot de EU toe te treden.
Waar het om draait is dat lokale overheden illegale banktransacties hebben gepleegd en dat feit moet voor het kiezerspubliek worden verstopt of moet het geld terugkomen. het geld komt niet terug en als je revindicatoir wilt gaan zoeken boek dan een reisje UBS of BoA - daar zul je dan wel de nodige Icesave fondsen aantreffen, die wel op Ice zullen staan maar bepaald niet safe zijn.
De banken happen hier in het Ice, zogezegd ....... Tant mieux .......

[zonbron]

Negatieve vooruitzichten voor de VS

S&P Affirms US AAA Rating, Cuts Outlook to Negative


Standard & Poor's on Monday downgraded the outlook for the United States to negative, saying it believes there's a risk U.S. policymakers may not reach agreement on how to address the country's long-term fiscal pressures.

"Because the U.S. has, relative to its 'AAA' peers, what we consider to be very large budget deficits and rising government indebtedness and the path to addressing these is not clear to us, we have revised our outlook on the long-term rating to negative from stable," the agency said in a statement.

In an interview with CNBC, David Beers, S&P's global head of sovereign ratings, said the agency has been "struck increasingly by the difference in how other governments are dealing with fiscal consolidation."

"The U.S. to us looks to be an increasing outlier in that context," Beers added.

Rival ratings agencies Fitch and Moody's [MCO 35.50 -0.36 (-1%) ] maintained their respective outlooks on the United States, according to statements made to CNBC.

"Moody’s is not reacting to S&P's move. Moody’s outlook for the US Aaa rating remains stable," Moody's spokesman Eduardo Barker said in an email.

The Dow Jones industrial average tumbled more than 200 points on word of the revision, while gold prices hit a new record above $1,496 an ounce before paring some gains. The dollar index moved higher in New York trade.

The S&P said the move signals there's at least a one-in-three likelihood that it could lower its long-term rating on the United States within two years.

* The Worst Hyperinflation Situations of All Time
...

http://www.cnbc.com

[zonbron]

Bij het IMF bestaan er niet langer twijfels over... Het Amerikaans tijdperk is bijna voorbij

April 25, 2011, 8:57 a.m. EDT
IMF bombshell: Age of America nears end
Commentary: China’s economy will surpass the U.S. in 2016

BOSTON (MarketWatch) — The International Monetary Fund has just dropped a bombshell, and nobody noticed.

For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.

And it’s a lot closer than you may think.

According to the latest IMF official forecasts, China’s economy will surpass that of America in real terms in 2016 — just five years from now.

Put that in your calendar.

It provides a painful context for the budget wrangling taking place in Washington, D.C., right now. It raises enormous questions about what the international security system is going to look like in just a handful of years. And it casts a deepening cloud over both the U.S. dollar and the giant Treasury market, which have been propped up for decades by their privileged status as the liabilities of the world’s hegemonic power.

According to the IMF forecast, whomever is elected U.S. president next year — Obama? Mitt Romney? Donald Trump? — will be the last to preside over the world’s largest economy.

Most people aren’t prepared for this. They aren’t even aware it’s that close.
...

And China’s exchange rates are phony. China artificially undervalues its currency, the renminbi, through massive intervention in the markets.
The comparison that really matters

The IMF in its analysis looks beyond exchange rates to the true, real terms picture of the economies using “purchasing power parities.” That compares what people earn and spend in real terms in their domestic economies.

Under PPP, the Chinese economy will expand from $11.2 trillion this year to $19 trillion in 2016. Meanwhile the size of the U.S. economy will rise from $15.2 trillion to $18.8 trillion. That would take America’s share of the world output down to 17.7%, the lowest in modern times. China’s would reach 18%, and rising.

Just 10 years ago, the U.S. economy was three times the size of China’s.

www.marketwatch.com/story/imf-bombshell-age-of-america-about-to-end

[zonbron]

De Dollar steeds zwakker

Don't Like a Weak Dollar? Might as Well Get Used to It



Weakness in the US dollar, which is causing everything to go up—including gas prices, food and stocks—is unlikely to go away soon as a selling frenzy hits the currency market.

CNBC.com
The greenback is approaching pre-financial crisis lows and threatening to smash through its all-time low when measured against the world's predominant national currencies.

A combination of factors accounts for the weakness, with the Federal Reserve's easy-money policies, huge national debts and deficits and the consequential possibility of a debt downgrade because of the financial mess in Washington leading the way.

In short, as trader Dennis Gartman noted Thursday, "the rout of the US dollar" is in full effect.

"Panic dollar selling is setting in," Gartman, a hedge fund manager and author of "The Gartman Letter," wrote in his daily commentary. "This may carry farther than any of us dream of or, worse, have nightmares of."

How low can it go?

...


CNBC

[D'ARTOIS]

@ ZB

Waar baseert men de toename van de VS economie op? Verdwijnende productie kan geen verbetering in statistiek en cijfers geven.
Bekijk eens de handelsbalans. Dat geeft pas een duidelijke indicatie, welnu die staat er nu bepaald niet florissant voor.

[zonbron]

Oorspronkelijk geplaatst door D'ARTOIS

@ ZB

Waar baseert men de toename van de VS economie op? Verdwijnende productie kan geen verbetering in statistiek en cijfers geven.
Bekijk eens de handelsbalans. Dat geeft pas een duidelijke indicatie, welnu die staat er nu bepaald niet florissant voor.

Inderdaad...

De handelsbalans VS

Vervaldatum Actueel Voorspelling Vorige
Mrt. 10, 2011 -46.3B -41.5B -40.3B Herzien Van -40.60B
Feb. 11, 2011 -40.6B -40.7B -38.3B
Jan. 13, 2011 -38.3B -40.6B -38.4B Herzien Van -38.70B
Dec. 10, 2010 -38.7B -44.4B -44.6B Herzien Van -44.00B
Nov. 10, 2010 -44.0B -45.0B -46.5B Herzien Van -46.30B
Okt. 14, 2010 -46.3B -44.5B -42.6B Herzien Van -42.80B

Uit forexpros.nl/news/economie/vs-handelsbalans-daalt-meer-dan-verwacht

U.S. Census Bureau:
U.S. Bureau of Economic Analysis:
NEWS
U.S. Department of Commerce * Washington, DC 20230

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
February 2011

Goods and Services

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total February exports of $165.1 billion and imports of $210.9 billion resulted in a goods and services deficit of $45.8 billion, down from $47.0 billion in January, revised. February exports were $2.4 billion less than January exports of $167.5 billion. February imports were $3.6 billion less than January imports of $214.5 billion.

In February, the goods deficit decreased $1.0 billion from January to $59.3 billion, and the services surplus increased $0.3 billion to $13.6 billion. Exports of goods decreased $2.5 billion to $118.0 billion, and imports of goods decreased $3.4 billion to $177.3 billion. Exports of services were virtually unchanged at $47.2 billion, and imports of services decreased $0.2 billion to $33.6 billion.

The goods and services deficit increased $6.0 billion from February 2010 to February 2011. Exports were up $20.5 billion, or 14.2 percent, and imports were up $26.6 billion, or 14.4 percent.

...

http://www.bea.gov/newsreleases/inte...ewsrelease.htm

[Nr.10]

Oorspronkelijk geplaatst door zonbron

Bij het IMF bestaan er niet langer twijfels over... Het Amerikaans tijdperk is bijna voorbij

Zolang het niet voorbij is is het niet voorbij he.

Het IMF is nog altijd nagenoeg een uitwas van het Amerikaanse ministerie van Financiën.

• Geweld is niet altijd beschikbaar om ongehoorzaamheid af te straffen.
• Economische oorlogvoering ook niet.

Het IMF tot nu toe wel.

[zonbron]

Storm op komst ? China heeft een 2-tal triljoen U.S. dollars teveel

China should cap forex reserves at 1.3 trillion U.S. dollars: China banker

BEIJING, April 23 (Xinhua) -- China should reduce its excessive foreign exchange reserves and further diversify its holdings, Tang Shuangning, chairman of China Everbright Group, said on Saturday.

The amount of foreign exchange reserves should be restricted to between 800 billion to 1.3 trillion U.S. dollars, Tang told a forum in Beijing, saying that the current reserve amount is too high.

China's foreign exchange reserves increased by 197.4 billion U.S. dollars in the first three months of this year to 3.04 trillion U.S. dollars by the end of March.

Tang's remarks echoed the stance of Zhou Xiaochuan, governor of China's central bank, who said on Monday that China's foreign exchange reserves "exceed our reasonable requirement" and that the government should upgrade and diversify its foreign exchange management using the excessive reserves.

Meanwhile, Xia Bin, a member of the monetary policy committee of the central bank, said on Tuesday that 1 trillion U.S. dollars would be sufficient. He added that China should invest its foreign exchange reserves more strategically, using them to acquire resources and technology needed for the real economy.

Tang also said that China should further diversify its foreign exchange holdings. He suggested five channels for using the reserves, including replenishing state-owned capital in key sectors and enterprises, purchasing strategic resources, expanding overseas investment, issuing foreign bonds and improving national welfare in areas like education and health.

However, these strategies can only treat the symptoms but not the root cause, he said, noting that the key is to reform the mechanism of how the reserves are generated and managed.

Editor: yan

http://news.xinhuanet.com/english201...c_13842843.htm

[zonbron]

Groeiende spanning tussen China en de VS
Typisch, de BBC rept geen woord ivm het dumpen van Dollars door China...
Mss later.

26 April 2011 Last updated at 00:37 GMT

China and US plan economic talks amid rising tensions



China and the United States have agreed to hold economic talks as tensions between the world's two biggest economies continue to rise.

Top officials will meet in the US next month to discuss differences over trade and currency policies, says the US Treasury Department.

The United States has accused China of keeping the value of its yuan currency artificially low to help exporters sell products or services abroad.

China is the world's largest exporter.
Currency wars

The growth of the Chinese economy over the past few years has been powered by the success of its export sector.

However, China's major trading partners, notably the European Union and US, have raised concerns that the government in Beijing has been engineering an economic strategy that gives an unfair advantage to the country's manufacturers, by keeping its currency artificially low.

A lower valued currency makes Chinese goods cheaper in foreign markets compared with other competitors.

China has maintained that a sudden change in its currency policy will be detrimental not only to its export sector but to its overall economy.

Beijing has been allowing the yuan to slowly appreciate against the US dollar, but not as much as the decision-makers in Washington and Brussels would like. The Chinese currency has gained almost 5% against the US dollar in the last year.

However, analysts say that despite that gain, the yuan remains undervalued, compared to currencies like the euro and US dollar.

BBC

[zonbron]

China wil het leeuwendeel van hun US Dollars dumpen

China's shocking weekend announcement: Proposes to dump the majority of its dollar holdings

Monday, April 25, 2011

All those who were hoping global stock markets would surge based on a ridiculous rumor that China would revalue the CNY by 10% will have to wait. Instead, China has decided to serve the world another surprise.

Following last week's announcement by PBoC Governor Xiaochuan that the country's excessive stockpile of U.S. dollar reserves has to be urgently diversified, today we get a sense of just how big the upcoming Chinese defection from the "buy U.S. debt" Nash equilibrium will be.

Not surprisingly, China appears to be getting ready to cut its U.S. dollar reserves by roughly the amount of dollars recently printed by the Fed – $2 trillion or so. And to think, this comes just as news...

http://www.thedailycrux.com/content/7513/China

QE3 ?

QE 3 is Coming… It’s Just a Matter of What Form It Will Take
Phoenix Capital Research's picture
Submitted by Phoenix Capital Research on 04/25/2011 17:40 -0400

The Fed will absolutely have to engage in some kind of QE. It might be a toned down version like QE lite (which supposedly doesn’t involve additional money printing). Or the Fed might try to make it a QE that would be more palatable to homeowners (targeting mortgage rates or some such thing).

However, the fact remains that the Fed HAS to continue with QE of some kind. The reasons for this are:

1) The $180+ TRILLION interest rate based derivatives market (90+% all of which are owned by the TBTFs)

2) The debt implosion a spike in interest rates would have

3) Having become the primary buyer of US debt, the Fed must continue to buy or risk a debt collapse in the Treasury market

Whether or not you like QE (yes, there are some insane people who think it’s a good idea… unfortunately they work for the Fed), this is the reality our financial system faces.

Indeed, if the Fed were to quit QE for good the resulting crisis would make 2008 look like a picnic (the 2008 collapse was triggered by the CDS market which was only $50-60 trillion in size, les than one third of the interest rate based derivatives market).

So more QE is on the way. Which ultimately will result in the US Dollar collapsing. In fact, the only reason the Dollar hasn’t collapsed already is because it’s priced against a basket of similarly flawed currencies.

In other words, we’re pricing junk (the Dollar) with other junk.

The whole point of all of this is that inflation is coming in a BIG way. What we’ve seen so far is nothing compared to what’s going to hit once the US Dollar breaks to new all-time lows (at the pace we’re going this will hit within two months).

...

Zero Hedge

[Nr.10]

Oorspronkelijk geplaatst door zonbron

Storm op komst ? China heeft een 2-tal triljoen U.S. dollars teveel

Inderdaad, dit is potentieel wapen.

China kan er de Amerikanen mee afdreigen, zoals de Amerikanen het ooit deden bij de Britten.

[zonbron]

Oorspronkelijk geplaatst door Nr.10

Inderdaad, dit is potentieel wapen.

China kan er de Amerikanen mee afdreigen, zoals de Amerikanen het ooit deden bij de Britten.

Idd, dat dacht ik ook. The show is on !

Het is wel al langer geweten dat de Chinezen graag wat van die groene wou dumpen. De huidige situatie echter, de te zwakke Dollar, Zilver op een historische hoogte van bijna 50 $/ounce... etc... en dan hebben ze nu een record aantal van deze biljetten (2 triljoen). Ik kan begrijpen dat ze er vanaf willen.

Het is nu afwachten, ben benieuwd wat de gesprekken tussen beide partijen gaat opleveren volgende maand. Spannend

China moet wel oppassen, want de US is een belangrijke importeur van hun goederen... er zal naar een akkoord moeten gezocht worden.

Yuan een beetje omhoog en voor de US QE3 ?

[D'ARTOIS]

Ik denk dat een aantal zaken in een ander licht moeten worden bezien: in de 1e paalts is het ieders goed recht met zijn munteenheid te doen wat wenselijk is.

De VS die wat dat aangaat tonnen boter op het hoofd heeft - en er zelf oorlogen door ontketende - loopt nu te klagen als een aangeschoten kat. Ik heb geen medelijden met ze want hun bancaire moraal is nada zero. Als zee China konden verpletteren deden ze het morgen.

@ Zonbron - je beantwoord mijn vraag en je ziet al zelf dat er een duidelijk en zeer groot handelstekort is. Aangezien cijfers uit de VS even onbetrouwbaar zijn als het weer aldaar geloof ik dat mijn stelling voorlopig nog wel stand houdt.
In welke takken van industrie zou groei zitten? Vermoedelijk alleen in de ICT en wellicht in de verkoop van de Iraakse smurrie. Kortom, als er sprake is van een verbeterde handelsbalans zou ik graag willen weten in welke sectoren die verbetering plaats vind. Zonder adequaat antwoord daarop schuif ik de betreffende cijfers even in de parkeerstand.

[zonbron]

Werkloosheid en vertragende economische groei doet de $ verder wegzakken

Dollar Loses More Ground

NEW YORK—The beleaguered dollar extended its broad decline after U.S. economic data pointed to a dismal employment picture and slowing growth, bearing out the Federal Reserve's reluctance to tighten monetary policy anytime soon.

The U.S. Dollar Index was lower for the day, but off the depths it reached overnight.

U.S. jobless claims unexpectedly jumped last week and the government reported the pace of economic growth in the country slowed sharply in the fourth quarter, further adding to the negative dollar sentiment permeating the market.

WSJ

ook

Economic Growth Slow as Inflation Measure Spikes Up
CNBC

en

Bernanke: Fed Sees Slower Growth, Uptick in Inflation
CNBC

[D'ARTOIS]

@ ZB

Er is geen groei in de VS: integendeel, een zware industriële achteruitgang en verlaagde, over de hele (industriële) linie sterk gedaalde productie. WAAR zit dan de groei?

Ok, papierindustrie. Dollars drukken. Ja, dat geloof ik.

[Infowarrior]

Oorspronkelijk geplaatst door D'ARTOIS

@ ZB

Er is geen groei in de VS: integendeel, een zware industriële achteruitgang en verlaagde, over de hele (industriële) linie sterk gedaalde productie. WAAR zit dan de groei?

Ok, papierindustrie. Dollars drukken. Ja, dat geloof ik.

Wapenindustrie?

[D'ARTOIS]

Dat is dan ook het enige. Maar of de high tech industrie sterk genoeg is om richting een positieve handelsbalans te kruipen betwijfel ik ten zeerste.
Daarin hebben de Amerikanen zelf al nooit geloofd.

ICT en wapenindustrie, zijn dankzij hun starre monopolieposities sterke export producten.
Maar voor de rest? Nee.

[zonbron]

De US$ zakt verder weg. Laagste notering gedurende de laatste 3 jaar, dus sinds 2008...

Dollar index hits 3-year low after U.S. ISM services data

May 4 (Reuters) - The U.S. dollar fell to a fresh three-year low against major currencies on Wednesday after an industry report showed the pace of growth in the U.S. services sector unexpectedly eased in April.

...

Reuters

1 op 7 in de VS ontvangt voedselbonnen

About 1 in 7 in U.S. Receive Food Stamps

Growth in the food stamp program appeared to reach a plateau in February — with 14.3% of the population relying on the safety net program.
Wall Street Journal

Werkloosheidcijfers en jobcreatie ontgoochelen

Instant View: Private sector adds 179,000 jobs in April

(Reuters) - U.S. private employers added 179,000 jobs in April, coming in shy of economists' expectations, a report by a payrolls processor showed on Wednesday.

Reuters

[zonbron]

Obama Kills Osama After the Bernank Spoke, US Dollar Bubble Bursts Trending Towards USD69

What a week! A series ever more historic events accompanied by the dollar’s continuing in the background meltdown.

Firstly, the Bernank spoke, spouting more central bank propaganda which as expected has been liberally lapped up by the mainstream financial press and further regurgitated at length by the BlogosFear, after all talk is cheap when compared with the increasing costs of actually doing something.



The facts are that the vast majority of academics and financial press talking heads have been wrong on QE since it started in March 2009, who recently with the benefit of hindsight have been stating that the rally in stocks and commodities has been purely as a consequence of QE1 and QE2, despite the fact that many of these same commentators had during 2009 been stating that QE would NOT be able to prevent DEFLATION and stocks and commodities would FALL as a consequence of what amounts to perma deflation propaganda, additionally many had stated during early 2010 that QE had come to an END and that there would be NO QE2 (Google their name + QE 2009 / 2010).

Of late many of these deflationistas’ have been attempting to reinvent themselves with the benefit of hindsight of a 100% run up in stock prices that they have not only missed but have been actively advocating the betting against to recognise aspects of the Inflation Mega-trend in a luke warm manner as they are in unable to abandon the red herring theory of debt deleveraging deflation as I warned of right at the start of the current phase of the Inflation Mega-Trend in November 2009 (18 Nov 2009 – Deflationists Are WRONG, Prepare for the INFLATION Mega-Trend ).

http://commoditiesreporter.com/gold/...towards-usd69/

[zonbron]

Meer schulden ?

Treasury suggests $2 trillion debt cap raise: sources
WASHINGTON (Reuters) - The Treasury has told lawmakers a roughly $2 trillion rise in the legal limit on federal debt would be needed to ensure the government can keep borrowing through the 2012 presidential election, sources with knowledge of the discussions said.

Reuters