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Originally posted by Druid42
reply to post by OuttaTime
It seems you are talking conspiracy without actually saying it. Please tell me if I am putting words in your mouth, and I'll retract my comment. It seems you are saying that IF the global economy collapses the government will take everything over, and be in a position to install a new currency, after a global meeting with the world's leaders, and then we will all be ok?
No, that's too simple.
Are you saying that THIS is what TPTB have planned all along, they tried in '08, and got it right in '11? Right before the next election? Can they elect a new potus during a national emergency?
Please clarify, and my retraction is upcoming, if needed.
Originally posted by Crakeur
reply to post by stephinrazin
gold is over valued because a large percentage of buyers do so because they think that, in the event of a global economic collapse, their gold will be the only real form of currency (thanks to folks like Jones). This couldn't be farther from the truth. If we ever reach that point, bullets will be more valuable than gold.
Turnover totaled US$1.323 billion during the trading session.
The U.S. unit opened at NT$29.025 and moved between NT$28.950 and NT$29.070 before the close.
The U.S. dollar trended lower in Taiwan and regionally in response to Standard & Poor's downgrade of its U.S. credit rating from prized triple A status to AA+, dealers said.
Led by the Japanese yen, Singapore dollar and Malaysian ringgit, Asian currencies regained their strength as sentiment toward U.S. economic fundamentals was hit hard by the S&P downgrade, they said.
Buying in the Chinese yuan escalated in Asia, sending the Taiwan dollar higher as traders bet Chinese authorities would further tighten liquidity to fight inflation, they added.
Demand for the Taiwan dollar from foreign banks also pushed the local currency higher before profit-taking emerged to consolidate gains, with foreign equity investors buying the greenback after selling some of their holdings on Taiwan's stock market.
Foreign institutional investors sold a net NT$31.5 billion in shares yesterday, boosting volume in the local foreign exchange market.
Perng Fai-nan, the governor of the Central Bank of the Republic of China (Taiwan), stayed in the trading room of the bank during most of the foreign exchange session, watching closely how the local financial market would react to the S&P downgrade, dealers said.
As a result, the central bank jumped into the trading floor to buy the U.S. dollar in late trading to reverse the greenback's losses and protect Taiwan's exports, they said.
Originally posted by majesticgent
Taiwan is actually seeing a 44 point gain in their market! Very interesting indeed!!! I wonder why?
Taiwan - TSEC