Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Buy, Sell or Hold
>
Reply to Thread
Message:
<p>[QUOTE="desertgem, post: 1091087, member: 15199"]In these end of the world scenarios, people usually repeat things without updating information or references. This tends to impress like believers, but doesn't present the actual truth. For instance concerning the IMF, in 2009, the idea of adding commodities, gold, the yuan, and ruble to the basket was considered by some.</p><p><a href="http://www.globalresearch.ca/index.php?context=va&aid=14461" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.globalresearch.ca/index.php?context=va&aid=14461" rel="nofollow">http://www.globalresearch.ca/index.php?context=va&aid=14461</a></p><p><br /></p><p>However, in the following year, almost every major country has had financial troubles and the prices of commodities have increased, and this affects each country. Countries that have oil, tend not to have grain. Those with copper tend not to have soybeans, etc. So the USD tended not to look so bad. China's mask slipped a little as their control of the yuan to limit internal commodity inflation ( mainly food) was exposed.</p><p><br /></p><p>On 12/31/2010, the IMF increased the USD percentage from 41.9% to 66.0% in the basket, so this is an indication of greater stability worldwide. The Pound stayed about the same, the Euro and Yen were decreased. Gold, ruble and yuan were not mentioned. The US however, backs the idea of the Yuan in the basket, as long as it is not internally controlled, which obviously China doesn't agree.</p><p><br /></p><p><a href="http://en.wikipedia.org/wiki/Special_Drawing_Rights" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Special_Drawing_Rights" rel="nofollow">http://en.wikipedia.org/wiki/Special_Drawing_Rights</a></p><p><br /></p><p><a href="http://www.investorsiraq.com/showthread.php?151979-IMF-Determines-New-Currency-Amounts-for-SDR-Valuation-Basket" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.investorsiraq.com/showthread.php?151979-IMF-Determines-New-Currency-Amounts-for-SDR-Valuation-Basket" rel="nofollow">http://www.investorsiraq.com/showthread.php?151979-IMF-Determines-New-Currency-Amounts-for-SDR-Valuation-Basket</a></p><p><br /></p><p><br /></p><p>I have no difficulty for those who have determined personally that their fears are logical , and my point isn't to be argumentative. There are many new visitors who read these popular thread and believe also without researching. The world has changed since 2009. Then, the other countries were thought to be superior financially to the US, now, we know that isn't true. Perhaps the whole world is in a big mess, but things are better than 2008 & 2009. In my mind if every person on earth could be <b>freely </b>polled as to where they would rather be a citizen, the US would win hands down. JMHO.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1091087, member: 15199"]In these end of the world scenarios, people usually repeat things without updating information or references. This tends to impress like believers, but doesn't present the actual truth. For instance concerning the IMF, in 2009, the idea of adding commodities, gold, the yuan, and ruble to the basket was considered by some. [URL]http://www.globalresearch.ca/index.php?context=va&aid=14461[/URL] However, in the following year, almost every major country has had financial troubles and the prices of commodities have increased, and this affects each country. Countries that have oil, tend not to have grain. Those with copper tend not to have soybeans, etc. So the USD tended not to look so bad. China's mask slipped a little as their control of the yuan to limit internal commodity inflation ( mainly food) was exposed. On 12/31/2010, the IMF increased the USD percentage from 41.9% to 66.0% in the basket, so this is an indication of greater stability worldwide. The Pound stayed about the same, the Euro and Yen were decreased. Gold, ruble and yuan were not mentioned. The US however, backs the idea of the Yuan in the basket, as long as it is not internally controlled, which obviously China doesn't agree. [URL]http://en.wikipedia.org/wiki/Special_Drawing_Rights[/URL] [URL]http://www.investorsiraq.com/showthread.php?151979-IMF-Determines-New-Currency-Amounts-for-SDR-Valuation-Basket[/URL] I have no difficulty for those who have determined personally that their fears are logical , and my point isn't to be argumentative. There are many new visitors who read these popular thread and believe also without researching. The world has changed since 2009. Then, the other countries were thought to be superior financially to the US, now, we know that isn't true. Perhaps the whole world is in a big mess, but things are better than 2008 & 2009. In my mind if every person on earth could be [B]freely [/B]polled as to where they would rather be a citizen, the US would win hands down. JMHO. Jim[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Buy, Sell or Hold
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...