America, Bankers, Banks, billionaires, bubble, bullion, burst, collapse, Currency, currency wars, dollar, Economic Crisis, Economy, end of dollar, Fraud, Gold, IMF, Money, silver, stocks, United States, usa, Wall Street
Insider stock selling by billionaires – including Warren Buffett and John Paulsen – this week indicate something big is about to happen, something that may make the 2008 credit crisis seem rather benign. Last week the governments of Russia and Germany called in their gold being “held” by the New York Federal Reserve.
A couple of years ago the IMF announced that it would begin liquidating its gold holdings- the world’s 3rd largest stash after the US and Germany. Buyers included the governments of India, Sri Lanka and Mauritius. Do you think the IMF would be selling gold at a market bottom? Bubble #1 about to burst – Gold.
Both Venezuelan and Vietnamese governments announced devaluations of their currencies, striking fear into the hearts of Southeast Asian governments, who fear a repeat of the 1997 Asian Crisis. Vietnam has benefited from the highly speculative dollar carry trade, through which investors borrow US dollars at near 0% interest, then reinvest those free dollars in 12-13% Vietnamese bonds. Much of the money which we forked over to Wall Street banks via QE 1-3 has made it’s way into these speculative markets, rather than being loaned to US home buyers, for example. Bubble #2 about to burst – The US Dollar Carry Trade