Category Archives: U.S. economy

China to Diversify Foreign Currency Reserves, Dump Dollars, and Invest its $1 Trillion Elsewhere

China will soon begin to diversify its foreign currency reserves and dump dollars by the billions. As China invests its $1 trillion from trade surpluses elsewhere, other central and foreign banks will dump dollars. We holding dollars will lose much. 

China’s spectacular trade surplus and mighty strength as the lender of last resort to many nations including America, which owes $10 trillion in debt, are raising eyebrows as many investors are dumping dollars and buying China’s Yuan, a highly undervalued currency.

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[b]China’s plan to diversify foreign currency reserves is an unprecedented move away from the U.S. dollar.[/b]

The Chinese government announced the formation of a new agency to oversee investment of China’s $1 trillion in foreign currency reserves, representing a potent new force in international finance.

Finance Minister Jin Renqing offered no specifics about how much of the currency reserves would be made available to the investment agency. But analysts say the agency is expected to control one of the world’s biggest investment funds, and one that could singlehandedly alter the value of national currencies on a global scale. As China seeks more attractive investment earnings with its vast financial holdings and moves away from the devaluing dollar, expect the U.S. economy to take a nosedive. When it does (and already beforehand for savvy investors with sufficient foresight), watch for a run on the U.S. banks and widespread dumping of the dollar in favor of the Euro, Yuan, gold, and other safe havens.

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The Chinese government says one model for the agency was Temasek Holdings, the Singapore government’s successful investment agency, which manages an $84 billion global portfolio of investments.

China already has the world’s largest foreign exchange holdings, which is growing rapidly because of the country’s huge trade surpluses. According to the International Herald Tribune most of the reserves China now accumulates are conservatively invested in U.S. Treasury bonds and other government securities, which earn little return for China yet help to keep interest rates in the United States and other countries low.

The investment agency allows China to quickly diversify its foreign exchange holdings away from the dollar. Given the fact China and many Asian tigers loaning billions of dollars to the U.S. are disenchanted with America’s imperialistic foreign policy in Iraq, when disgust reaches its peak the dumping of dollars and non-renewing of loans to the U.S. could bankrupt the American economy.

China is ready to aggressively invest its huge trade surpluses as it seeks higher returns away from the dismal dollar. The impact of China’s emergence as a major global investor will be huge and a devastating blow to the U.S. economy as they progressively shift away from dollars in favor of more appreciating assets and higher yielding investments.

Rumor has it that China will soon begin dumping dollars by the billions. Before that happens, the American people would be wise to put their investments and protect their life savings in gold and other currencies such as the Euro and Chinese Yuan (which is greatly undervalued).

The biggest priority in these turbulent and troubling economic times is security, which the dollar no longer provides.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

The Chinese government announced the formation of a new agency to oversee investment of China’s $1 trillion in foreign currency reserves, representing a potent new force in international finance. China’s spectacular trade surplus and mighty strength as the lender of last resort to many nations including America, which owes $10 trillion in debt, are raising eyebrows as many investors are dumping dollars and buying China’s Yuan, a highly undervalued currency.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

Finance Minister Jin Renqing offered no specifics about how much of the currency reserves would be made available to the investment agency. But analysts say the agency is expected to control one of the world’s biggest investment funds, and one that could singlehandedly alter the value of national currencies on a global scale. As China seeks more attractive investment earnings with its vast financial holdings and moves away from the devaluing dollar, expect the U.S. economy to take a nosedive. When it does (and already beforehand for savvy investors with sufficient foresight), watch for a run on the U.S. banks and widespread dumping of the dollar in favor of the Euro, Yuan, gold, and other safe havens.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

The Chinese government says one model for the agency was Temasek Holdings, the Singapore government’s successful investment agency, which manages an $84 billion global portfolio of investments.

China already has the world’s largest foreign exchange holdings, which is growing rapidly because of the country’s huge trade surpluses. According to the International Herald Tribune most of the reserves China now accumulates are conservatively invested in U.S. Treasury bonds and other government securities, which earn little return for China yet help to keep interest rates in the United States and other countries low.

The investment agency allows China to quickly diversify its foreign exchange holdings away from the dollar. Given the fact China and many Asian tigers loaning billions of dollars to the U.S. are disenchanted with America’s imperialistic foreign policy in Iraq, when disgust reaches its peak the dumping of dollars and non-renewing of loans to the U.S. could bankrupt the American economy.

China is ready to aggressively invest its huge trade surpluses as it seeks higher returns away from the dismal dollar. The impact of China’s emergence as a major global investor will be huge and a devastating blow to the U.S. economy as they progressively shift away from dollars in favor of more appreciating assets and higher yielding investments.

Rumor has it that China will soon begin dumping dollars by the billions. Before that happens, the American people would be wise to put their investments and protect their life savings in gold and other currencies such as the Euro and Chinese Yuan (which is greatly undervalued).

The biggest priority in these turbulent and troubling economic times is security, which the dollar no longer provides.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

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IMF warns of financial meltdown – Eurozone Strengthens, U.S. Dollar Weakens

The IMF warns that the global financial system is on the brink of a massive meltdown, while France and Germany push ahead with a pan-European crisis response to try to prevent the worst global downturn in decades.

What can one do in such perilous times other than buy gold and invest your savings in Euros before the dollar becomes obsolete.

 

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At a joint news conference, French President Nicolas Sarkozy and German Chancellor Angela Merkel said they had “prepared a certain number of decisions” to present at a Sunday meeting of European leaders as they work feverishly to restore blocked credit markets to working order.

International Monetary Fund stressed that time was running short after leading industrialized nations failed to agree on concrete measures to end the crisis at a meeting on Friday.

“Intensifying solvency concerns about a number of the largest U.S.-based and European financial institutions have pushed the global financial system to the brink of systemic meltdown,” IMF chief Dominique Strauss-Kahn said.

Low levels of confidence in America’s financial system has caused widespread panic to swiftly sweep through global markets, driving stocks to a five-year low on Friday and prompting banks to protectively hoard cash. That has devastatingly choked off lending to businesses and households, threatening to turn a global economic recession into a dangerously deep depression for perhaps years. Many across America are losing their homes, as is now the case in Australia.

An emergency meeting of euro zone leaders on Sunday will discuss a bank rescue package, taking a British initiative to guarantee lending between banks as a reference point, a source close to the French presidency said.

France’s Sarkozy said euro zone countries were working on a joint solution, but declined to provide specifics. He planned to meet with British Prime Minister Gordon Brown shortly before Sunday’s euro zone gathering.

 

Britain’s rescue plan, launched last week, makes available 50 billion pounds ($86 billion) of taxpayers’ money for injection into its banks and, crucially, calls for underwriting interbank lending, which has all but frozen around the globe.

The world’s richest nations vowed on Friday to take all necessary steps to unfreeze credit markets and ensure banks can raise money but they offered no real specifics on a collective course of action to avert the recession threat. Hence can anyone be sure when so much is promised, but so little usually done in America?

In a surprisingly brief statement after a 3-1/2 hour meeting, the G7 — the United States, Britain, Canada, France, Germany, Italy and Japan — stopped short of backing the British interbank lending guarantee, something many on Wall Street saw as vital to end growing market panic.

Kenneth Rogoff, a Harvard University professor and former IMF chief economist, said the G7 would have been better served adopting some version of the British plan so that banks would feel confident enough to loosen their grip on lending.

“Saying that they’ll take all steps necessary leaves hanging the question of whether they know what is best and necessary,” he told Reuters. “It was a signature moment for the G7. I think markets are going to be very disappointed.”

European Central Bank President Jean-Claude Trichet said markets needed time to digest a series of dramatic steps taken by world central banks in recent days, including pouring billions of dollars into financial markets and lowering interest rates in the broadest coordinated cut on record.

There are signs the U.S. economy is credit-starved and deteriorating fast. American auto makers have been hammered by the credit crunch. GM and Chrysler, two struggling auto makers, are considering a merger to secure cash and cut expenses.

Financial weekly Barron’s reported that GM was preparing to approach the U.S. Federal Reserve about borrowing money directly from the central bank. Many wonder just how many companies and banks the central bank in the United States can bail out before going bankrupt itself?

Some speculate the FDIC insuring American banks deposits will declare bankruptcy next.

What can one do in such perilous times other than buy gold and invest your savings in Euros before the dollar becomes obsolete.

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FDIC Over Extension and Bankruptcy – 100 Banks Expected to Fail

Will the FDIC will insure your bank savings account?

Suppose the FDIC like Freddie Mac and Fannie Mae goes bankrupt? The FDIC has $48 billion in assets, but insures $3 trillion in deposits. The FDIC projects 100 bank failures costing $800 billion.

Put your money in Euros or gold!

The death of the U.S. dollar is imminent. Before the greenback has its final heart attack, get ahead of the next catastrophe on Wall Street.

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Don’t be deceived by the lying media owned by multi-national corporations. Wall Street insiders will paint a rosy picture while they tycoons walk away with the loot. Awake and take immediate action before your savings disappears overnight.
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Your bank accounts are insured unless there is a banking crisis. Then you must be prepared for the worst.

The greatest threat is a gridlock in the payments system – like many consumers face paying their own monthly debts. When bank A cannot pay bank B at the end of the day because bank C has not paid bank A…defaults within the banking industry, leading to corporate bankruptcies occur.

How long would your local ATM have money inside under this scenario? Not long I suspect as is the case with Washington Mutual when consumers made a run on the bank recently as it neared bankruptcy before being bought by J.P. Morgan at the last minute.

Such a national catastrophe came close in the summer of 1998, when the hedge fund, Long Term Capital Management, almost went bankrupt. The New York Federal Reserve Bank intervened.

Times of intense uncertainty should not take you unawares. Be prepared and protect your savings and investments by putting them in Euros or gold lest they vanish overnight.
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Paul F. Davis is a world-changer who has touched over 50 countries, more than 50 islands, and 6 continents empowering people throughout the earth to live their dreams!

Paul is the author of 14 books and premier life coach building dreams, breaking limitations, and transforming individuals and organizations. Paul is a change master that knows how to play with pain, while elegantly and humorously navigating through transition to ride the waves of change.

http://www.PaulFDavis.com

– Paul worked at Ground Zero in New York City the first week of 9/11, two stops from Brooklyn Heights where Paul used to live. Paul drove a rental car up to NYC from Orlando, FL as all airports were shut down for national security reasons.

– Paul helped a Muslim young man rebuild his home at the tsunami epicenter in Indonesia and spoke to tribal groups in Wamena who are “naked and not ashamed.”

– Paul comforted victims of genocide in Rwanda and Burundi where 1.2 million people were slaughtered.

– Paul spoke to leaders in East Timor during the war for independence before the UN recognized the new nation.

– Paul addressed University students and monks in Myanmar working together to achieve democracy.

– Paul spoke throughout war-torn East Africa journeying deep into the “bush” where villagers have never seen a white man.

– Paul lived in and lectured throughout India and China the two largest populaces on earth.

– Paul journeyed to Pakistan twice since 9/11 to speak to large audiences about peace, non-violence, and reconciliation.

http://www.PaulFDavis.com

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Put your money in Euros or gold!

The death of the U.S. dollar is imminent. Before the greenback has its final heart attack, get ahead of the next catastrophe on Wall Street.

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Worldwide Financial Meltdown – Dying Dollar, Rising Oil Prices, and the Euro …What Wall Street Doesn’t Want You to Know?

Oil prices per barrel rise between $15 to $20 in response to U.S. financial policy and maneuverings anticipating a devaluation of the dollar.  OPEC sees the dollar as near toilet paper in the upcoming future. Meanwhile the Euro gains 4% on the dollar in a single day on September 22, 2008 …the most since the inception of the Euro in 1999.

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My suggestion is invest in gold, Euros, or the Paulson Credit Opportunities Fund (Paulson & Co. Inc.) since he just made $3 to $5 billion on the sub-prime mortgage crisis. The other Paulson is making all the major decisions on the U.S. economy, while the Paulson Fund is bringing in investors from Europe, and has Greenspan working for it.
 
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Paulson has the likes of billionaire George Soros courting him and Peter Soros his brother also invest in his fund.   Greenspan is one of the most astute on global financial markets and he is advising Paullson.

Amazing 60% gains for Paulson’s fund in a single month (February 2007) also come with occasional monthly losses of 3 to 5% (miniscule in proportion) so be in it for the long term and have some intestinal fortitude so as to not unecessarily panic.  I’d rather put my money with the international bankers, merger titans, and guys pulling political strings on the economy than anybody else. 
 
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Paul F Davis – worldwide speaker, author, and prophet

www.PaulFDavis.com

RevivingNations@yahoo.com

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Filed under america, america & politics, American economy, american people, consumer fraud, crime, disgruntled taxpayers, dollar, dying dollar, economy, euro, finance and economics, financial markets, financial meltdown, oil prices, U.S. economy, wall street, worldwide financial meltdown

Declining Dollar and U.S. Economy – Greenback has a Heart Attack

As the U.S. economy tanks and the dollar declines many on Wall Street and throughout global financial markets are anticipating the ultimate death of the dollar when the greenback eventually has a heart attack.

Unfortunately as Washington D.C. has shown historically, corporate bankruptcies are commonplace in periods of economic decline as fat cat CEOs leave with the dough, and taxpayers are left picking up the slack for corporate greed and ill management.

When Fannie Mae, Freddie Mac, Lehmon Brothers, and Meryll Lynch all go bankrupt rest assured the U.S. economy is dead. With a 9 trillion dollar deficit as a nation currently spending hundreds of billions of dollars needlessly to fight a war in Iraq, the United States knows no economic restraint.

Corporate bailouts and corporate welfare will only serve to further weaken the dollar and drive OPEC toward the Euro, Yen, and other currencies.  That being said as an investor and savvy consumer, the best way you can protect your money is to learn about foreign currency exchange and be far ahead of the curve before banks in your neighborhood declare bankruptcy, freeze your savings, and diminish your dollar overnight.

Go to http://paulfdavis.bathbiz2.hop.clickbank.net/?tid=MQB1FY9N and make profits trading currency. Don’t be like millions of Americans losing their hard earned savings, investments, and income to a dying dollar.

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Awake to the reality that America is not indefeatable.  If you didn’t learn this lesson yet from the terrorist attacks of 9-11, you may have to repeat the pain of ignorance and arrogance when the dollar dies and your savings & investments dwindle overnight.

Paul F Davis – worldwide speaker, prophet, and prolific author of 14 books including United States of Arrogance

http://paulfdavis.com/booksvideos.htm

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