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Subject ***MAJOR RED ALERT*** BRIC Nations gave US deadline of November 7th 2009 to support Super Sovereign Currency, OR Monday they're to STOP buying...

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[quote:US T-Bills 792784:MV85MTc4NDVfRUNGMTkxNjM=]
Selling is not required for substantial depreciation in a major currency.

Momentum collapse in buying is all that is required for a severe depreciation in any major currency.

The USA in all probability will not be able politically to deliver support for the SSCI, however political control of monetary policy is CERTAIN as the Fed cannot win this contest against the Administration in the form of the US Treasury.

Bernanke becomes a team player or a team player will replace him.

The US financial leadership wants, but more so needs, Chinese buying of US Treasury offerings to remain at these levels but more so to increase to offset the wholly unavoidable increase in offering of US Federal Debt.

The Chinese wish to see the USA support the creation of a Super Sovereign Currency as an offset to dependence on the dollar for international settlements and national reserves.

The Chinese rightly feel that the greatest risk to their present dollar position’s valuation is quantitative easing. or simply put, the monetization of one’s own debt by the electronic creation of money for funding yourself.

You will note that the QE program was extended until October, [color=orange][b]particularly the end of October. [/b][/color]This is what Bernanke would like to see, hoping the Management of Perspective Economics will succeed. The Chairman as the academic he is really believes it is possible.

The later is becoming a probability as it is hard to trust a prior adversary.

The depreciating dollar was a tool of Roosevelt’s failed anti-deflation program that like monetary stimulation is believed to have been abandoned too soon in the 30s by Administration intellectuals. Because of this, the US dollar is out of the picture for serious Administration consideration other than as a sales issue on US treasuries.

[color=orange][b]It is my understanding that the BRIC countries, not China alone, have given the US until early November to deliver.

November 7th 2009 to be exact![/b][/color]

[b][color=blue]What's happening tommorow? 20G Meeting![/color][/b]

http://jsmineset.com/2009/08/19/the-countdown-to-the-implosion-of-the-dollar/
[/quote]

Original Message Selling is not required for substantial depreciation in a major currency.

Momentum collapse in buying is all that is required for a severe depreciation in any major currency.

The USA in all probability will not be able politically to deliver support for the SSCI, however political control of monetary policy is CERTAIN as the Fed cannot win this contest against the Administration in the form of the US Treasury.

Bernanke becomes a team player or a team player will replace him.

The US financial leadership wants, but more so needs, Chinese buying of US Treasury offerings to remain at these levels but more so to increase to offset the wholly unavoidable increase in offering of US Federal Debt.

The Chinese wish to see the USA support the creation of a Super Sovereign Currency as an offset to dependence on the dollar for international settlements and national reserves.

The Chinese rightly feel that the greatest risk to their present dollar position’s valuation is quantitative easing. or simply put, the monetization of one’s own debt by the electronic creation of money for funding yourself.

You will note that the QE program was extended until October, particularly the end of October. This is what Bernanke would like to see, hoping the Management of Perspective Economics will succeed. The Chairman as the academic he is really believes it is possible.

The later is becoming a probability as it is hard to trust a prior adversary.

The depreciating dollar was a tool of Roosevelt’s failed anti-deflation program that like monetary stimulation is believed to have been abandoned too soon in the 30s by Administration intellectuals. Because of this, the US dollar is out of the picture for serious Administration consideration other than as a sales issue on US treasuries.

It is my understanding that the BRIC countries, not China alone, have given the US until early November to deliver.

November 7th 2009 to be exact!

What's happening tommorow? 20G Meeting!

[link to jsmineset.com]

Pictures (click to insert)





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