Gold, The Fed, China & My 1st Live Broadcast!- Part 4
July 23rd, 2010 | 
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Watch My LIVE Broadcasts (On-Demand): www.livestream.com Add me as a friend on Facebook! www.facebook.com Get DAILY GrowBy10 Updates on Twitter! twitter.com news.bbc.co.uk China reduced its holdings of US government debt by the largest margin in nearly nine years in June, according to data from the US Treasury. China holds more US government debt than any other country and cut its holdings of US securities by more that 3% in June, said the BBC’s Chris Hogg. Japan and the UK – second and third largest holders of US debt – increased their holdings over the same period. China’s holding of US debt is about 7% higher than at the turn of the year. www.bloomberg.com Aug. 19 (Bloomberg) — Gold demand fell to a six-year low in the second quarter as recession curbed buying by jewelers and electronics producers, the World Gold Council said. Central banks were net buyers for the first time since at least 2000. Global consumption fell 8.6 percent to 719.5 metric tons from a year earlier, the London-based industry group said in a report today. That’s the lowest level since the first quarter of 2003. Jewelry demand declined 22 percent and electronics, the biggest industrial use for gold, slid 26 percent. Tags:stock market real estate collapse doomsday foreclosure downturn The dollar “housing crisis” “financial crisis” subprime hyperinflation hyper inflation economy economic downfall investing for sale training agent agency selling fed federal reserve money fiat gold silver commodities …
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Hyperinflation woop! I could pay off my fixed rate mortgage with a weeks pay ^_^
You know, just over a decade ago, the U.S. had a surplus in the BILLIONS of dollars!…now it’s facing BILLIONS of dollars in deficit.
Yet its only just now that Americans are asking themselves and their government what went wrong.
SKUNKBALL It goes back further than that.
Try to the formation of the US Colonies.
We printed our own money then, and the international bankers moved to put an end to that.
Search:
THE HISTORY OF MONEY Rothschild
See xatDOTorg for a nice, though long explanation.
There are other sites that will support its info.
I have been studying this particular topic, pretty carefully over the last 2-3 years. If you subscribe to my channel I will sooner or later provide some more information on that topic / perspective.
Also, if you look back over a year ago I did a video called “The Greater Depression” where I predicted what is coming. I am not a prophet in any way, the information is available – you just need to put it all together.
You should make a video about the military OIL control / collapse of the dollar theory. I think you’re on to something, I would like to learn more about this.
Why should China prop up the US? They should dump all their US bonds or whatever when we’re at our lowest , turn us into a 3rd world country and dominate the market and make the Yuan the new reserve currency. We’d probably do it them, I don’t blame them one bit. It was our idiot politicians like Nixon that started this crap. Thanks for the video, the only country we can blame is the US, I don’t blame China or the EU.
thanks mic- please sub and i hope you watched my live show..if not, you can watch the recorded version…check the info on this video
Thx for the video.
so many people foreclose without realising they have other options. In many cases refinancing can save not just your home but also your credit rating and your self respect.
therefinanceunit . com
is not affiliated with a broker or lender. It’s an information and education resource to help people avoid foreclosure.
If you’re in financial trouble, check it out – the future may be brighter than you think!
next talk about massive Chinese stimulus and 8 % mandatory growth
China has 20% of world population and spends 2 trillion has 3 trillion stimulus
USA has 300 K population spends 11 trillion has 1.5 tril stimulus talk about it , lol
You Chinese you probably know how much studio apartment worth in Beijing ?
You can buy 3 mansions in secure golf community in Florida for that much
and they talk about bubbles . lol
that is the thing , money are not in the system
do you know that out of all in existence only 20 % on US territory ?
most dollars are in China over 33 %
Excellent analysis.
I do think you’re missing some key pieces of the big picture. These issues are, namely (in order of importance), Peak OIL, Gold.
The US has the worlds largest reserve of physical Gold bullion. China has the worlds largest reserve of paper “vouchers”.
China cannot expand without OIL, as we know the US is the dominate player in the global OIL situation and they’ve conveniently positioned their military force in such a way that they cannot be removed by conventional force.
China cuts US Treasury holding amount with $776.4 billion to fund foreign deals
Its been I contention that China will spend as much of its surplus as possible and then pull the pin. Even China knows not every deal is a winner and to take a small loss now is better than a large loss later.
You dont hire a junky to do any skilled work and America is the corner debt junky at some point the US will have to dry out and rebuild its culture. China has played the game and has been sold a bill of goods, they know it the US knows it. China has to pull their marbles out and go home.
5 stars friend. Nice analysis.
Good work … keep’em coming !
Thx.
Growby, you don’t understand. The Fed isn’t going to fight inflation, the Fed causes inflation on purpose, just as they cause deflation on purpose. The words of Thomas Jefferson: “if you let the bankers manipulate the money supply, first through inflation, then through deflation, the banks and corporations that grow up around them will deprive the people of home and property until the children grow up homeless on the Continent their fathers conquered. They have done this countless….
bozeman- insightful comment appreciated!
i think you are all missing the point .
it is not us or china – it is corporates (wall street) against humanity.
also the us purchased government.
the town hall meetings only show an inarticulate populace – fundanmentally distrustful and angry over bailouts and all the rest- i agree
@freedomfigther- wow! great info. thank you so much for your comments. be sure to sub!
@xcornerstonex- you got it! stay tuned for a lot more…please sub
good info- thanks
Growby10: I think the Chinese are running out of patience with the corrupt American financial system. The Chinese are not fooled by the games the Fed is playing. As you say in this video, the Fed is in a tight spot. Do they raise interest rates? Not good. Do they keep printing money? Not good either. We may end up with the worst of both worlds: high interest rates and sharp drops in wages, The Chinese may just declare ‘Game over” and dump their US reserves. What do yuo think?
No, they won’t be able to protect themselves. Not to the degree that is necessary. You’re talking about uncounted trillions of dollars worth of protection. It’ll never happen.