Statement 5 for GOLD_EA_TRADE_lx_v19_1
Corrected version GOLD_EA_TRADE_lx_v19_1a
Statement 5 for GOLD_EA_TRADE_lx_v19_1a
Corrected version GOLD_EA_TRADE_lx_v19_1b
Statement 6 for GOLD_EA_TRADE_lx_v19_1b
Statement 7 for GOLD_EA_TRADE_lx_v19_1b
Statement 8 for GOLD_EA_TRADE_lx_v19_1b
Nice curve Barnix. Congrats.
Statement 9 for GOLD_EA_TRADE_lx_v19_1b
Best FX Traders - Daily Trade Reports
The government sells its bonds to the Federal Reserve, which creates new bank deposits out of thin air and uses them to pay for
the bonds. This process creates new money and expands the money supply: hence it is called "monetizing" the government's debt.
Petrodollar Warfare: Dollars, Euros and the Upcoming Iranian Oil Bourse (by William R. Clark) - Media Monitors Network (MMN)
Petrodollar Warfare: Dollars, Euros and the Upcoming Iranian Oil Bourse
by William R. Clark
(Friday, August 5, 2005)
"A successful Iranian bourse will solidify the petroeuro as an alternative oil transaction currency, and thereby end the petrodollar's hegemonic status as the monopoly oil currency. Therefore, a graduated approach is needed to avoid precipitous U.S. economic dislocations."
If this wasn't so serious it would actually be funny - there may as well be a picture of mickey-mouse on federal reserve currency!
JFK was the only man brave enough to try and return the power to issue currency to the legitimite government, even managing for a while to issue money that was actually worth something, as it was backed by silver - whereas the federal reserve notes were, and still are backed by nothing! For his trouble he payed the ultimate price, and one of the first acts of his successor was to give monetary control straight back to the banks!...