The SHTF Turning Point Quietly Happened, Last Week – Have you been Paying Attention?

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posted on Aug, 3 2009 @ 07:28 PM
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Originally posted by mckyle

Originally posted by questioningall
business.timesonline.co.uk...

China accelerating the move to make the Yuan the International Currency.


China is rapidly accelerating its efforts to internationalise its currency with a series of manoeuvres that could see the renminbi soar to become one of the top three traded monetary units in the world.

The radical change in attitude may arise from a desire to protect China from the “dollar trap” — the problem that emerges when exporting countries are effectively forced to shovel large chunks of their reserves into the US treasury and suffer the consequences in times of high volatility.


Much more of the article at link



Yet again, we see that you are delieberatley misleading the board

The title of the article has a very different meaning to the false one you have posted.

The authentic title is:

"China moves to internationalise its currency"
Link to Authentic Title

Your bogus title is desinged to make people think China wants the RMB to be "the international currency".

And that is simply NOT the case!

Your actions are totally dishonest. You have fabricated the title of a news paper article for your own ends.

As this is not the first time, I personally think you should be banned.



REALLY? hhhmmm, did you miss the very first line of the article? Because funny - I didn't make those words up - in fact they are the words I used that they had as their FIRST sentence!!


China is rapidly accelerating its efforts to internationalise its currency with a series of manoeuvres that could see the renminbi soar to become one of the top three traded monetary units in the world.


OH, I am sorry I did NOT USE THE Word RAPIDLY- as they did.

Ooopss my bad......... China is Rapidly Accelerating it's effort to Internationalize their currency.

Oh - yes - they have already made agreements with South American countries and Asia ones too.




posted on Aug, 3 2009 @ 07:57 PM
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reply to post by crimvelvet
 


Hi Crimvelvet,

As there are several core aspects to the Financial crisis, I would recommend researching several sites due to their specialisation of a given core factor.

The Oil Drum is a great one for understanding the relationship of energy and global economy and there are some excellent articles written by some the energy industry's best researchers:

The Oil Drum - Articles on Global Energy

Try Harvard as well. But if you need a refesher on terms and an overview of the crisis, then the BBC has a very good section:

BBC Global Meltdown Primer

Harvard University Economics Review Page


The NYT is always good in terms of a general overview.
Credit Crisis - The Essentials


I would also recommend both George Soros and Paul Roubini - in my mind two individuals who understand this crisis better than most. I would include Paul Krugman in that list as well:

George Soros

Ten Risks to Global Growth

Paul Krugman - New York Times Selected Articles

Good luck with it. As I said in an earlier post, there is a lot to take in regarding this crisis, and can't be simply summarised by posting a couple of articles on a board. If you have any queries feel free to PM me and I'll be happy to send you some other articles.

Cheers,
Matt



[edit on 3-8-2009 by mckyle]



posted on Aug, 3 2009 @ 08:06 PM
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reply to post by questioningall
 


Strange that you take the first line of the article and not the title, yet, you use the first line as your title???

Seems odd when they've provided a title for you!

I Guess it didn't give the misleading angle you wanted.

You are being dishonest. As simple as that.



posted on Aug, 3 2009 @ 08:31 PM
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reply to post by questioningall
 


up here in Canada there was an article in the news which stated that CHINA and JAPAN were looking into another currency to trade in as the us dollar was about to become the new peso this was about 2 years ago . they the debt buyers seem to have totally lost faith in the us economy and markets . as most business on the net is done in us dollars with those 2 countries at this point in time .
this is how they have been supporting their habit of buying up the us as a nation .
SCARY thing is that if all the debt holding nations of the us debt call in that debt for non payment as you the us can no longer afford to make your payments as about 10 to 15 % of the us workforce is now out of a job compliments of who.
i guess you as nation seem to lose your identity as you will become annexed as the new state of who CHINA,RUSSIA and JAPAN. and according to intentional law of the bankers you as a nation must surrender your assets to be sold off as a bankruptcy sale .and who created this fiasco , why it was the BANKERS and the US GOVERNMENT who seem to think that credit is something that is free and easy to obtain and that we the people have to bail them out when we can`t even help ourselves as the BANKERS jacked their CREDIT CARD INTEREST RATES by 5 to 6 % just prior to announcing that bad word [RECESSION ] ops it`s more like [DEPRESSION] but they could not tell you the truth . yet they sure as hell live mighty high on the hog while the majority of the people in our nations lose everything to the BANKS again. remember in the 70`s when they jacked their mortgage rates to 20% or more and how many of you the people lost it all and had to start over again with nothing except a bad CREDIT RATING for 7 years COMPLIMENTS OF THE banks .
S.H.T.F. nothing Rome fell as the us will fall as history repeats itself because a few seem to think that they can play god and we the people are nothing but subservient slaves to them and their false power MONEY.
BANKS and CREDIT the two biggest thieves in the night as their mindlessness has brought this about and yet not too many will ever face the wraith of the people or JUSTICE ,opps there is no JUSTICE left only GREED ,so how empty are your pockets now people and what has our GOVERNMENTS done to bring these criminals to face the scales of JUSTICE for destroying our NATIONS ECONOMY'S nothing as the GOVERNMENTS are owned by the BANKS due to the massive DEBT that they hold in you the people`s name compliments of our GOVERNMENTS. We seem to have lost control of our GOVERNMENTS and the bankers put them in their back pockets through their laws of banking ,these same BANKERS seem to have free rein in the world to do as they wish as they are the ones who have rules and laws passed in their own favor ,and they rule us with an iron fist and will ,lose everything to them and in comes their COURTS, SHERIFF`S AND LAWS THAT SAY YOU LOSE SUCKER ,and this the rape of the people is happening everywhere and we the people have no rights or JUSTICE because they say so .a little blind arEn`t you .
it is one day and wake up -WAKE UP PEOPLE.



posted on Aug, 3 2009 @ 08:42 PM
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reply to post by mckyle
 


Wow - all those links are to such Great PTB News sites, OH, lets take a look at what a few have to say, shall we?

Let's start with your NYT's link:

topics.nytimes.com...

OK, what is on their page - at THAT link?


President Obama's top economic advisers gave upbeat assessments of the economy, but it remains unclear whether consumers will increase their savings or support economic growth through spending. August 3, 2009

The economy shrank at a slower-than-expected annual rate of 1 percent from April through June. August 1, 2009

The House approved a measure that would put new constraints on executive pay , capitalizing on outrage over multimillion-dollar bonuses to Wall Street executives whose firms were bailed out by taxpayers. July 31, 2009


Thousands of top traders and bankers on Wall Street were awarded huge bonuses and pay packages last year, even as their employers were battered by the financial crisis. July 30, 2009

Many mortgage companies are reluctant to give strapped homeowners a break because the companies collect lucrative fees on delinquent loans, say industry insiders and legal experts. July 29, 2009


Hmmm.... nothing about the T-Bill auction? Only how it seems the govt. is looking to basically make things better - and some about Wall street and the Mortgage companies. Nothing we haven't been seeing or hearing on MSM constantly. Below those above headlines is the whole history (in their view) of the crisis and how it began.

Below that - OH two other headlines - besides the many more of "good spins"


Obama Aides See Signs of Recovery but Say It Will Be Slow
By EDMUND L. ANDREWS
A big unanswered question is whether consumers will increase their savings or support economic growth through spending.


August 3, 2009
["9"] UNITED STATES ECONOMY, SUBPRIME MORTGAGE CRISIS, TREASURY DEPARTMENT, OBAMA, BARACK, GEITHNER, TIMOTHY F, SUMMERS, LAWRENCE H White House Points to Economic Revival
By JOSEPH BERGER
Top economic officials of the Obama administration gave upbeat assessments of the economy, asserting that the long recession was bottoming out.

August 3, 2009


Now lets for giggles look at another one of those PTB sites you linked here:

topics.nytimes.com...

Paul Krugman - Oh you like him? Oh - Okay,

Isn't he always on one of those MSM as an advisor - you know like good ole: Jim Cramer? Yeah, he wouldn't just go by the book of what his bosses tell him to say at the MSM.

Another link:
www.georgesoros.com...

WOW - Really? George Soros? Jeez, everything I know about him, he is one of the Top elite of the world and some say, you can't get any more Illumanati than he is. But, hey - everyone looks at things differently. He was critical of Bush - but he also is a Billionaire who likes to get what he wants.

Of course you linked BBC - yeah - a good ole MSM controlled site.

In other words - your the sites IMO you linked are to the normal - shades of Rose being put in and talk about SPIN - you got upset, because I used the first sentence of an article..... right? You don't think all those links don't completely SPIN things out of control and truth? PLEASE.

Links have been provided throughout the thread to sites, that people can get REAL information about what is going on, without a big corporate agenda behind the person relaying the information. All of the links you provided HAVE those corporate agendas. Do you think those agendas are to tell the people the TRUTH of what is happening? If so, why didn't ONE of them mention the T-bill auctions last week and that China was a NO SHOW?


I am still trying to figure out why you put this link in: theoildrum.com...

All about Oil? Where is the basis of learning the truth about the economy there?





[edit on 3-8-2009 by questioningall]



posted on Aug, 3 2009 @ 09:35 PM
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How funny and sad. I posted, previously, on this thread about the way that people who spoke openly about this kind of information were/ going to be derided as kooks, and the infopimps would push that line of thinking. And along came a post by mckyle:


Originally posted by mckyle"Your actions are totally dishonest. You have fabricated the title of a news paper article for your own ends. As this is not the first time, I personally think you should be banned."


First off, let me state the obvious: being prepared does NOT equal being paranoid. Looking at the facts and making an informed analysis is not the same as screaming the sky is falling after every raindrop. Second of all, taking the party newspaper/journalist and regurgitating their information as the real truth does not override reality.

questioningall has provided some interesting information and, in my opinion and apparently that of others, a sound prognostication. Not a schizoid prophecy of doom. Not a mad raving. But a well thought out and entirely plausible analysis.

"Banned" for possibly telling the truth mckyle? Why don't you just log onto the Fed's chat-room instead? I'll bet you'll get all the support and information you find palatable there.

IF there is ever a vote for banning here, I know where my vote will go: I vote for freedom of expression, no matter how painful it is. People that vote for silencing the voice of others, usually have other motives than those they express.



posted on Aug, 3 2009 @ 09:53 PM
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reply to post by mckyle
 


If your that foolish to think George Soros is someone to admire you've manged to make more enlightened enemies that you realize. The man is a total meglomaniac and most likely had his dirty fingers in this debacle. You've shown us your spots and they are very dull!
Zindo



posted on Aug, 3 2009 @ 10:06 PM
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I'm not an economist, I'm just a simple guy, and simply put, gold
has been the main currency for 5000 years. It is tangible. You can touch it.
You can hold it. It HAS value.

In these volatile financial times, regardless of what happens with paper (fiat)
currency, gold will remain fairly steady, and, in my simple opinion, a
safe haven for your assets. I'm sure there are ways to make beaucoup
money in stock and bond trading, but paper is paper....it grows on trees,
nuff said.



posted on Aug, 3 2009 @ 10:29 PM
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mckyle you know what they say about throwing stones living in glass houses

i agree alot of stuff on the site is dramaticized and headlines like this one are as well.

I mean clearly saying the SHTF turning point happened last week is alarmist.....but dennninger is always like that with his headlines

and krugman and all the like are intellectual prositutes who peedle their idealogy's to stay part of the club and those that have developed similiar opinions and party offiliations usually look to their "stars" but really

krugman and the like are wealthy they are going to be fine no matter what the heck happens with this casino economy .....they are talking heads for a system that has turned it's back on the people

so posters that realize how nobody is steering the ship for
the greater public's interests

realize there is lowering standard of living that will continually engulf the country and if we are not wealthy now than we have a greater chance of being the Havenot's in the coming two tier system this country will morph into and we are not to happy about this and if nothing else will piss on their B.s spin.......and be damn critical of there green shoots.


with the economy hollowed out over a decade ago and the credit lacking now .... which in the past had sustained a slower decline in the middle class than would other wise have occured... from the outsourcing of jobs and tax codes that incentivize less productive debt and more financial debt that produces bubbles for the last 25 years.....the CHICKENS ARE FINALLY COMING HOME TO ROOST......it will now be survival of the financial fittest....if you are wealthy now congratulations......you will have a better chance to live in the next decade.....

this is not a joke................major plans for this restructuring of the standard of living and all the socio-economic upheval and turmoil and violence are being made .....some call it the NWO......whatever it will be will be a Heck of a transition......and it will bring out the best and the worst in humans......i will bet my last dollar on this future

the question i have is wether this is in the next two years......or what do they have one more bubble to blow that sustains a somewhat decent standard of living fostered by who knows what...social security debit cards? stimulus giveaways? i think not ...the next one appears to be a cap and trade scam and this won't inflate the prices of assets that joe 6 pack's own's.......there has got to be contingency plans being made to deal with the violence and lawlessness that will be rampant as people do what it takes to meet their basic needs when unemployment runs out......Me thinks the corporations of the world (who run the govt's) with the CIA's and the shadow intelligence agency's....wouldn't mind a large pandemic.....heck it may eliminate social security and medicare funding down the road.....unemployment may lower (less people alive) and heck cut down on the smaller competitors in the industry....but really what it would do is give a reason for the game set match clamp down on our freedoms in the name of emergency's .........how's that grab ya and yes the comparmetalization of this knowledge would be tight.....so joe ceo wouldn't be "in on it". But i think the elite people of the world ....the tri-lateralists......or illuminati as some refer to them .....understand that you gotta break alot of shells sometimes to make an ommlette.....people are not the most peaceful species.......sometimes the unthinkable ideas like this maybe the reality that ordianary citizens CANT GRASP without a psychological make over.

[edit on 3-8-2009 by cpdaman]



posted on Aug, 3 2009 @ 10:39 PM
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rival it seems that there are two competing forces for the gold price direction......lowering world wide credit creation and disposable income....which put downward pressure via decreased jewelry demand......and the lack of faith in gov't's which increase the demand......i think the price could very well fall a couple hundred bucks but that there is a equal chance it could double in the next two years as well.



posted on Aug, 3 2009 @ 10:42 PM
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"Are you paying attention?
Are you prepared to the events coming?"

He strongly stated the questions, and we're struggling to give the answers because as citizens, what's there to do?

Obama's campaign resuscitated a word that remained dead for almost 8 years: HOPE.
It didn't take long until we all realized it was just regular business in DC.
Before leaving, Bush said we'd all thank him for what he had done, then Obama just took over the sinking ship pumping up the speed. They knew what they were doing. We didn't.
There's something else coming our way, we feel it but just don't want to assume it.
It takes a global event, global decision and drastic changes to reset the course of this financial doom.
It's time we start worring about basic provisions. If my money's in the bank, it's not mine anymore.

Are we prepared to the events coming?
Are we paying attention?



posted on Aug, 4 2009 @ 12:11 AM
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Originally posted by questioningall

I am still trying to figure out why you put this link in: theoildrum.com...

All about Oil? Where is the basis of learning the truth about the economy there?



Dear oh dear! After reading that part, I truly feel sorry for you. I've read a lot of ignorant things on this board, but you have just taken it to another level.



posted on Aug, 4 2009 @ 01:01 AM
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personally, the only thing I hae been spending my money on are tings to sustain me "after", said "fall"...

Wind turbine generators, soild, pots for growing food indoors, seeds, seeds, seeds.....hae tons of things growing and start a 3 weeks cyle of planting with my veggies and stuff.....getting to the point of self susatainabiliy basically....a few extra bucks goes towards deep cycle batteries, solar powered products and battery chargers, lights etc.....de humidifier for water, etc,etc, etc.....pimpin out my capmer in case we ever lost the house, it would be fine to live in.....just making praticle preparations and investments...no gambling here.



posted on Aug, 4 2009 @ 01:44 AM
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Superb!

The 'spread' and BTC have been the underlying story about the economy forever.
No one at ATS seems to have noticed, and certainly none so well documented as you.

What brought this about? Or, have I just missed your earlier concerns?



posted on Aug, 4 2009 @ 02:06 AM
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Geez...

What a fool am I... :shk: ...missed a few hundred flags on this...

I WISH I'd thought of taking an article I posted on 8/1/2009 @ 19:29
In The "up-to-the-minute Market Data" thread and sticking a a "Fab-tabulious" "Sensational" Title on it...
www.abovetopsecret.com...

I suggest you all check out the "Market" thread from time to time to get the real "Scoop" on real Economic/Market news...

Notice the "actual/original" title...

Will China keep buying U.S. bonds?
Sat, 2009-08-01 02:47
www.gata.org...

Just goes to show how "things" work here... :shk:

Now...Y'all sure QA don't work for The Weekly World News?

weeklyworldnews.com...

Here's another "Hard Hitting Undercover Top Story" fer ya!


MADONNA’S BICEPS...*transplanted from the last survivor on the Titanic!!!*

weeklyworldnews.com...


[edit on 8/4/2009 by Hx3_1963]



posted on Aug, 4 2009 @ 03:29 AM
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Hmm. Up till now there has never been a one world anything. So yes, the global economy is unstable. Volatile. Unweildly. Cumbersome. Unpredictable.

I would say that isn't a "normal" state of affairs. I think it is meant to look "normal".

That is until someone hits the PANIC button!



Looks like we'll be playing the waiting game again. Cross your fingers and knock on wood!



posted on Aug, 4 2009 @ 03:30 AM
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reply to post by Hx3_1963
 



I suggest you all check out the "Market" thread from time to time to get the real "Scoop" on real Economic/Market news...


Now you know i have been following your input in the big threads and i have to give it to you that you called this one first....


Last week i left a post to Shirakawa in the Yellowstone-thread, i believe, about the perseverance and dedication he/she showed towards the thread. The same can be said for you and your input in a few big threads here on ATS.

Keep up the good work with informing us.......


Peace and respect



posted on Aug, 4 2009 @ 03:49 AM
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reply to post by questioningall
 


Star and flag and a "good for you!"
Absolutely well done!
Bravo OP.
You're right about gloom and doom. But those of us who aren't ostriches, head in the sand and buns up kneeling, got into gold and silver. I wish I had done so even earlier, but at least I'm in.

Keep on bringing us these excellent and concise reports.
You are better than any (so called) financial news site out there.



posted on Aug, 4 2009 @ 04:59 AM
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reply to post by Hx3_1963
 


Bro' that's why the people who make the most money are not the ones with the best ideas or the best product, but the best marketing



posted on Aug, 4 2009 @ 05:22 AM
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reply to post by mckyle
 


That has to be an error. No one would say that. Not the chief commodity which keeps the world running.

C'mon QA, you didn't really mean it, right?





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