Posts Tagged ‘currency market’
Thursday, November 20th, 2008
Forex trading is the simultaneous buying of one currency and the selling of another currency.
This continuously changing number financial system was launched in the 1970s. It is now the largest liquid financial market today with daily trades totaling well over 1 trillion dollars. The New York Stock Exchange is not nearly as large as the Foreign Exchange or Forex.
Trading
Forex is a true 24-hour market, which offers a major advantage over equities trading. Forex transactions take place online anywhere in the world around the clock. The market activity starts in Sydney, Australia and moves around the globe as various financial markets open around the world. Trading is not limited to a centralized location like the Stock Exchange or Futures Markets.
Currency
Currency exchange trading involves buying and selling two different currencies simultaneously. Markets are primarily affected by international trade flows and the flow of investment currency. Prices are quoted in pairs with a “Bid”, and an “Ask” price completing the quote.
The “Bid” price is the price the Dealer will pay or the Trader will sell for the currency. The “Ask” price is the amount the Trader will pay or the Dealer will sell the currency. The quote on some currencies are dependent on the US Dollar such as the Euro, British Pound, and the Australian Dollar to name a few.
Market
The foreign exchange market never closes so there is not the backlog of orders or excitement over breaking news stories that affects the open of the stock exchanges. The market in the traditional sense does not exist since there is no central trading location. The main currency market is the “interbank market” where large institutions deal with the risks of the fluctuations of the values. The “spot market” is the market for the buying and selling of currencies at the prevailing price. The Forex ECN provides an area or marketplace for traders to buy and sell very similar to a giant department store.
Trade
Trades can happen very quickly in seconds or take months to complete. The trader must secure a profit from the purchase and sale of the currency. This has spawned a technology allowing the trader to automate a lot of the process. The traders that are consistently profitable are those that have done their homework and understand the risks involved. By entering a trade, you are gambling the price will change in your favor by an amount that will allow you to break even or make a profit. If you decide to close a trade because of an unfavorable position, you stand to lose the spread also.
Price.
The price of the trade can be as little as one hundred to several thousand dollars and can move in a direction that will either favor or hurt your position. Price graphs are used to monitor this movement. A “pip” is the smallest amount the price can change and us used to reference the movement of the value of the currency.
Remember, only a small percentage of forex traders profit consistently and they’re the ones that have learned well
95 % of the investors in the forex market are losers! Do you have the drive to join the five percenters? Learn how to become a member of that 5% club.
Tags: bank, cia, currencies, currency, currency exchange, currency market, dea, Diffe, Dollar, exchange market, excitement, financial, financial markets, fit, fluctuation, fluctuations, foreign, foreign exchange, foreign exchange market, forex learn, forex market, Forex Trade, forex trader, forex traders, forex trading, futures, futures market, Futures Markets, globe, graphs, heir, home, Homework, inc, institutions, investment, investor, investors, Irs, loser, loses, lot, lows, Mai, market, markets, nfa, pip, rent, risk, s market, s trading, sales, sit, Smal, stock, stock exchange, stock exchanges, Target, Thousand Dollars, trader, trades, trading, traditional sense, trillion, Valu, work
Posted in Uncategorized | No Comments »
Thursday, October 30th, 2008
FOREX currency dealers are connected to leading world financial centres, and round the clock workers. As a result, FOREX forms a united and very efficient system. On Forex currency market there is no central marketplace with many buyers and sellers. The Forex currency dealer determines the execution price, so you are relying on the dealers integrity for a fair price. Forex currency traders follow a number of strategies to profit from market. They do detailed studies over nations economic history, policies, GDP growth, etc to find out right currencies with profit marking chance.
Forex currency trading is a specialized task and is not based on the trial and error method. It is distinct from the traditional trading that involves buying and selling of a product or service. Forex currency trading is effected by many different variables which change day to day. Some of these variables include economic and political conditions in each respective country offering their currency on the Forex market. FOREX currency trading for beginners is not for everyone, but it is for the investor who is ready to step forward in an effort to make profits that are the dreams and envies of those nearby.
Traders looking to protect their existing long USDCHF position or enter long at a favorable price may consider a hedge short USDCHF below 1.0490 with a target at 1.0290. Once the profit target is hit, we expect the bullish trend to resume. Traders are forcing the price to go lower towards 38.2% Fibonacci Retracement Level 169.95 – 88.87 at 138.98. ADX maintain above 40 with momentum still on the downside. Traders and investors adopt a hybrid method of analysis based on both technical and fundamental analysis for their Fx currency trading.
Traders can limit their losses by specifying a stop-loss rate for each open trade they own. If you’re familiar with futures trading , then much of the terminology and trading tools are similar. Trade flows and capital flows are the main factors affecting the exchange rate. A floating exchange rate system: Monetary system in which exchange rates are allowed to move due to market forces without intervention by national governments. Traders in forex come in every shape and size, from every possible nationality.
Traders who know about forex trading prefer it to the stock market, as there are more benefits associated with this trade. With online currency forex trading you dont need to have lots of money to open your account. Traders try and follow scientific theories – and believe it when told, that they only need to risk a few hundred dollars, to make thousands. If you don’t want to take risks, put your money in the bank, and earn interest. Trade currency pairs, not currencies. Read more about what FOREX currencies to trade.
For more information on Forex Currency visit our site: All You Need to Know About Foreign Currency market.
Tags: bank, Benefit, Benefits, capital, cia, country, currencies, currency, Currency Dealers, currency market, currency pairs, currency trader, currency trading, dea, Diffe, Dollar, Dreams, exchange rate, execution, Fib, financial, financial centres, financial forex, fit, foreign, foreign currency, forex com, forex currencies, forex currency, forex currency trading, forex market, forex trading, Fundamental Analysis, futures, futures trading, fx currency trading, Gdp, governments, heir, history, inc, informat, investor, investors, Irs, losses, lot, lots of money, lows, Mai, market, met, monet, money, pita, politic, Profit Target, Profits, Rate, rent, respect, Resume, Retracement Level, risk, s trading, Seller, shape, sit, stock, stock market, Stu, Target, tool, trader, trading, trading tools, trend, trial and error, work
Posted in Uncategorized | No Comments »
Tuesday, October 28th, 2008
We have, at least once in our lives have experienced exchanging one currency for another. We must have also noticed that some currencies tend to change for a number 4x times in a certain given day. But do you know that you can actually make money out of exchanging currencies? You have the opportunity to know the newest money making secrets around, the newest way of marketing.
How interesting could that be? Selling money to earn money! This is what the Foreign Exchange Market does, a whole new way of marketing. Money making ideas like no other arises in Forex.
The Foreign Exchange Market or Forex also known as FX currency market is a worldwide market for buying and selling currencies. In the Forex, you would be able to trade currencies which are now valued at “floating” rates determined by supply and demand. Beginner Investing must choose Forex if they are not sure of the other market around, because by anyway, you will definitely make money in Forex.
Trading in Forex in reality is your best option when you venture into the trading world. When you trade in Forex, the income that you will receive is definitely very rewarding and the techniques and forex trading strategies are easy to learn as long as you keep yourself determined and open to new knowledge and ideas. With Forex, the risks that you would take are also very minimal because trading institutions involved in Forex are very credible. Those trading institutions include: international banks, central government banks, and commercial companies and forex brokers for all types of foreign currency exchange.
Upon learning about the trading institutions involved in Forex, you have become pacified for sure to be assured that you are in good hands when you enter the trade world. Socially Responsible Investing prevails in Forex, meaning all is fair in the war if you just have enough knowledge to handle Forex.
Trading in Forex is really rewarding. For one, transactions in Forex are done 24 hours a day, 5 and ½ days a week. And daily exchanges are worth approximately two trillion US dollars compared to American stock markets which only exchanges $100 billion a day. And because Forex have online investing 4x is very much accessible for all people, anywhere they are, as long as they have an internet connection.
The Foreign Exchange Market would have to be the most perfect market that exists because it has a large number of buyers and sellers who all market the same products. In the Forex market, there is a free flow of information and there are very little barriers to encounter. This is also a way on how to make money fast because you can earn in 10 minutes. Too good to be true? Well believe it.
You are now probably very interested in venturing your time, effort and savings and investment in this Forex market. And now you begin to wonder where you should get started. The Forex market is now easily accessible to interested small investors like you due to the rising availability of many Forex trading systems online.
Aside from the available trading systems, major Forex dealing centers include: London, having 30% of the market, New York 20%, Tokyo 12%, Zurich, Frankfurt, Hong Kong and Singapore 7% each, followed by Paris and Sydney with 3% each.
If you do not have a major Forex dealing center near you, it is much more comfortable and accessible on your part to do transaction in the internet. This is the answer on How do I make good money by successful marketers. Regulations have actually been changed to be able to permit large interbank units to be broken down to smaller lots so that small time and novice traders would be able to invest and join the world of trade.
So if you are really into the trading business and would want to earn large amount of money, you better yet get into Forex Training first because knowledge is power in the world of Forex. Investing your mind first is worth your money because with Forex, a possibility of you becoming the next millionaire is just around the corner.
Forex is indeed the best money making secrets. With Forex, it is easy to learn, easy to master, easy to manipulate, very convenient when it comes to time, very accessible and to top it all off, the financial rewards are really great that when you start reaping it you would begin to wonder why you didn’t venture into Forex years ago.
Roy Tiah is one of the successful full time Forex Trader and Investor who can teach you the do’s and don’t's of efficient trading in Forex to achieve better return rates. Don’t be left out! Learn the buzz around the FOREX Market today and be attended personally by an Accredited Trainer over a 6 month Coaching Program by going to http://www.SingaporeForexTraining.com
Tags: avail, bank, banks, bet, bett, broker, business, Buzz, cia, Coach, commercial, Coul, credit, currencies, currency, currency exchange, currency market, dea, Dollar, earn money, ears, exchange market, financial, foreign, foreign currency, foreign currency exchange, foreign exchange, foreign exchange market, forex broker, forex brokers, forex investing, forex market, Forex Trade, forex trader, forex trading, forex trading strategies, forex trading system, forex trading systems, forex training, Fre, full time, gap, Good Hands, hong kong, how to make money, inc, informat, institutions, internet connection, investing, investment, investor, investors, Irs, knowledge, lot, Make Money, market, marketer, marketers, marketing, markets, millionaire, money, national bank, novice, Novice Traders, People, Personal, Rate, Rewards, risk, Seller, singapore, Smal, small time, stock, stock market, Success, Supply And Demand, Target, Tokyo, trader, trading, trading strategies, train, Training, trillion, Valu, Yea
Posted in Uncategorized | No Comments »
Monday, October 27th, 2008
Trading Algorithms are relatively new to the Forex Market and there are a few products on the market which now incorporate these Algo trading detection mathematics into their software. One of these is the New Forex Tracer. Released on to the market in June 2008 this new software comes with the following trading system set up.
A sophisticated strategy developed to analyze currency markets, it combines break out systems with an indicator based system to confirm the market and is analyzed and set up the way it should be. A risk management tool, that calculates the amount of lots related to the risk associated with each trade and shields against excessive losses and margin calls.
A market engine strategy where an automatic engine enters the market as safely as possible, which through its algorithms protects the trade from unpredictable behavior and/or the brokers false doings. A set of money management tools that exit each trade as safely as possible to make the most of multiple trades.
Forex Tracer also trades their system live so traders who use the algorithm trading software can publish their live trades online. The Forex Tracer also runs a Blog where traders offer there day to day trading stats from up to 11 currency pairs available within this Algo trading software.
The Foreign Exchange Market is a relatively new trading platform and as this unpredictable market continues to be sourced and scalped with difficulty, only a few Forex Algorithm Trading Products have been released on to the market.
For beginners wanting to get ahead in this market it is strongly advised you trade on a play account before you get involved for real.
You can put this system to the test on a Demo account. You can do that here at http://www.forextracertrading.com which allows you to trade with play money, so you won’t be risking a penny. After you’ve tried, tested and retested, you can then open your real account where you can collect $100 and start trading on Autopilot immediately. A Final Note for Beginners: Stay focussed, be extremely disciplined, and you will succeed.
Tags: autopilot, avail, blog, broker, cia, combine, corporate, currency, currency market, currency markets, currency pairs, Day Trading, demo account, discipline, exchange market, focus, foreign, foreign exchange, foreign exchange market, forex market, heir, inc, Irs, losses, lot, lows, Marg, margin, market, markets, math, mathematics, money, Money Management, new software, play money, Rate, risk, s market, s system, Software, strategy, Target, tool, trader, trades, trading, trading platform, trading software
Posted in Uncategorized | No Comments »
Monday, October 27th, 2008
I’m going to take the time to show you some proven internet forex trading methods that you can use to help you make more money in this market, right from home. The currency market has been rapidly growing over the last decade since internet become a common household item. The market has grown into the trillions of dollars a day and it seem to just keep growing. Money is being made by a lot of people and now you have the opportunity to do it right from your own home. I’m going to show you exactly what you’re going to need to know to have successful internet forex trading.
The first step for you is to find a reputable broker. There are thousands of these businesses online for you to use and some aren’t the best. You really have to do your homework. They are the middlemen of the market and they’re the ones that are going to hold your money, so make sure you do the research. I found the best thing you can do is find some forex forums online and start reading threads on brokers. Fellow traders are constantly talking about brokers online, right now. You’ll get a good consensus on what to avoid and which ones are good.
Internet forex trading gives you a huge advantage you can take care of. Computers are remarkable for doing repetitive tasks. You can get automated software to consistently search the market to find you the most profitable trades. This will make it much easier for you to profit starting out.
Act now and get the best automated software, the 10 Minute Forex Wealth Builder.
Tags: Automated Software, Best Auto, broker, business, currency, currency market, Dollar, fit, forex forum, forex forums, forex trading, forums, home, Homework, household, inc, Irs, lot, market, met, money, People, profitable trade, profitable trades, reputable broker, s market, Searc, Software, Success, Target, trader, trades, trading, trillion, trillions, work
Posted in Uncategorized | No Comments »
Sunday, October 26th, 2008
The most important initial difference currency trading training Rollover. In software spot Forex market, not in Currency futures. This will help you to understand the forex brokerage Forex trading process and how currencies are affected by different things that forex software are happening on a global trading the forex market candlestick scale.
One can learn to trade by creating an online forex account and begin by using a learning account without real funds. Online Forex trading has the potential of being extremely lucrative. This is due to the fact that many investors will withdraw money from a country’s banking stock market when there is a nose-piercing rise easy ways make money in the prime interest rate a forex trader may take a position based on that finance information.
Interest rates hikes, however, forex quotes pager are usually not good news for stock markets. It is possible to gain a higher return. This market of exchange has more daily forex currency trading broker volume both buyers and sellers than any other market the trading on forex, along with an exclusively high potential measuring growth stocks profitability, is essentially risk forex bearing one.
In any spot rollover transaction the difference between the interest rates of the base and the interest rate for such a swap is predetermined, and, in fact, these swaps are actually financial instruments that can also be traded on currency trading beginner the currency market. Overnight positions are positions that are still on at the end of normal trading hours, which are automatically free owner finance legal documents rolled at competitive rates based on the currencies interest rate differentials to the next settlement date giving an extension of two additional business day.
Intra day Currency Trading Forex Spot Rates are all positions opened anytime during the 24 hour period after the close normal trading hours. Forex signals nonetheless, more often it is the expectation of an event that drives the market rather than the event itself. The event can range mortgage refinance from a Central Bank raising domestic interest rates to the outcome of a political election or even an act of war.
The most dramatic price movements however, occur when unexpected events happen. Currency prices are affected by a variety of robot information, including news, government-issued indicators and reports, and even rumors.
The author runs a Forex Traders website where traders can gather tips and resources about forex trading at http://www.fxtradershub.com
Tags: bank, Bearing, bet, broker, business, Candlestick, cia, country, currencies, currency, currency futures, currency market, currency price, currency prices, currency trading, currency trading training, daily forex, Diffe, e currency trading, Finance, finance info, finance information, financial, Financial Instrument, fit, forex account, forex broker, forex brokerage, forex currency, forex currency trading, forex market, forex quote, forex quotes, forex signal, forex signals, forex software, forex spot, Forex Trade, forex trader, forex traders, forex trading, Fre, futures, global trading, growth stock, growth stocks, inc, informat, interest rate, Interest Rates, investor, investors, legal documents, love, Make Money, market, markets, money, mortgage, Mortgage Refinance, online forex, politic, price movement, price movements, profitability, Quotes, Rate, refinance, rent, risk, robot, s market, Seller, signals, sit, Software, stock, stock market, stocks, Target, tips, trader, trading, trading forex, train, Training, variety
Posted in Uncategorized | No Comments »
Tuesday, October 21st, 2008
Is there really a way of making money from the Forex markets automatically with software programs? Apparently, the creators of ForexAutopilot claim that they have been able to do this. Their software can apparently allow anyone with zero experience to start making money on the currency market. I have already had months of testing this automated software, and I will be telling you more about this program in this article.
1. Why You Should Not Only Rely On Past Results to Determine Future Performances
If you have been to the ForexAutopilot site, you would have seen the fantastic claims of how the robot has performed in the past 2 years when back tested. However, I must warn you that you should not take these results too seriously. Past results are not an indicator of future success, and anyone who is familiar with trading software would know this point well.
The only way to determine if the software was profitable was to forward-test it. This meant putting it to test in a live environment and recording the results after one month.
2. How Does ForexAutopilot Work To Generate Profits?
This robot uses its internally programmed system to find trade entries, and automatically opens and closes trades. I am really impressed at how hands-free and easy to use this robot is. This software does not set a stop-loss level when it opens trades, which is good since brokers will not be able to stop-hunt your positions.
Forex Autopilot uses a fixed take profit level that depends on the size of your capital. The larger starting bank you have the more risk the software will be able to take and the more profits it will make for every successful trade.
Are you looking for Automatic Forex Trading Software System? Don’t download it until you read the author’s review of the Top 5 Forex Trading Systems on the web at http://www.review-best.com/forex-trading-robots.htm first.
The author has found a 100% automated Forex Trading Robot that is making him over 20% returns on his capital every month. CLICK HERE to find out about it!
Tags: automated forex, automated forex trading, Automated Software, automatic forex trading software, autopilot, bank, broker, capital, Creators, currency, currency market, ears, fit, forex market, forex markets, forex trading, forex trading software, forex trading system, forex trading systems, Fre, heir, inc, Irs, loses, lot, Making Money, market, markets, money, pita, Profits, Rate, rent, review, risk, robot, robots, sit, Software, software program, software programs, Software System, start making money, Success, Target, trades, trading, trading robot, trading software, work, Yea
Posted in Uncategorized | No Comments »
Monday, October 20th, 2008
To bring success to your forex investing, you should be equipped with the right online currency trading software. There are lots of software available in the web and you must choose one that will surely be able to bring you lots of rewards and benefits. Being equipped with a suitable trading structure will ensure success for you in the world of investing. Being able to have the right tool which perfectly goes well with your preferences and needs will pave your way to online investing success.
One notable company that is the top of the realm of forex is Global Forex Trading. It is successful mainly due to its advanced online currency trading software which has exceptional software features. This trading software that the company uses is the Deal Book 360. It displays automated trading, analysis instruments, and visual online investing.
The Deal Book Web is another form of online currency trading software employed by Global Forex trading. This software enables you to experience trading anytime and anywhere as long as you have a capable computer with a reliable internet connection. This software is best for people on the go due to its flexible accessibility and other abilities such as charting and trading.
The Advanced Currency Markets is a foreign exchange investing software which actually does away with downloading. This software has sophisticated trading policies allowing more variations for online traders. It can work even in the presence of installed firewall. It is highly secure and has market updates and current charting tools
The Deal Book Mobile is another form of online currency trading software. This software can be used through supported mobile gadgets like PDAs and mobile phones. This software is a vital instrument in the world of currency investing in the net.
Whatever software you may use, you should focus on the software that has the better features and is suitable for your trading needs. There are complimentary trials for computers and mobile devices which you can try to get a feel for each of them.
Traders of online foreign exchange should have the ability to decide which currency trading software has the capabilities to give them their goals and needs. Friendly user interface and precise performance are some of the quality features online traders should seek in investment tool.
More information regarding online currency trading software are made available on my blog.
Learn everything about forex trading from Davion’s wildly popular blog to learn how to trade forex – from mastering the basics of foreign exchange trading to discovery of new trading tips, strategies, tools and more. Also, read this informative article about 6 forex trading terms you need to know!
Tags: automated trading, avail, Basics, Benefit, Benefits, bet, bett, blog, choose one, compliment, currency, currency market, currency markets, currency trading, currency trading software, current, davion, dea, discover, e currency trading, Employ, Employe, face, fit, focus, foreign, foreign exchange, foreign exchange trading, forex investing, forex trading, Fri, gadget, game, global forex, global forex trading, goals, heir, how to trade forex, informat, internet connection, investing, investment, lot, Mai, market, markets, mobile phon, online currency trading, online trading, People, presence, Rate, Regard, rent, Rewards, s market, s trading, Software, Success, Target, Terms, tips, tool, trade forex, trader, trading, trading software, variations, work
Posted in Uncategorized | No Comments »
Sunday, October 5th, 2008
Like most people I used to hear about people making good money trading forex and wonder how they did it. What used to confuse me was that there seemed no simple or cheap way to learn the basics that you need to get going. However after a couple of months looking I found a system that allowed me to learn how to trade “on the job” and even make money doing so.
In this article I will tell you exactly how I did it and how you can do the same. If you want to get started trading forex and make money from the currency markets then this could be one of the most important articles you have read in a long time.
It was almost a year ago when I started looking for information to trade forex. It seemed like the only options were to pay for an expensive course or sit down and try and apply the theory from text books to reality. I opted for the latter and failed miserably at it. What was described in the text books made little connect in my mind to what I was supposed to be doing. The net result was that I was too scared to even place 1 trade on!
What changed everything for me was when I found a Forex trading system that trades by itself. It seeks to take advantage of very small price movements and make a small amount of money on each trade it make. Little and often is its strategy. I used this tool like a training simulation. I set it off trade trade with very small amounts and simply sat there and watched it.
To me this was as good as sitting and looking over the shoulder of some top gun trader. I could actually sit there and watch how t made money. I learned more on that first day than in about 2 weeks previously when my head was buried in the books.
Here is the link I found that got me making money forex trading within 2 days: http://www.frogfinance.com/investing/forex_trading.php
Tags: Basics, Books, Cheap, Coul, currency, currency market, currency markets, E Book, e books, Finance, forex trading, forex trading system, how to make money, informat, investing, Irs, Job, Long Time, Make Money, Making Money, market, markets, money, money trading, People, price movement, price movements, Rate, simulation, sit, Smal, strategy, Target, text books, tool, trade forex, trader, trades, trading, trading forex, train, Training, Yea
Posted in Uncategorized | No Comments »
Tuesday, June 5th, 2007
“I’m in show business, why come to me?”
“War is show business, that’s why we’re here.”
- “Wag the Dog” (1997 film)
The first week of August 2008, Fannie Mae and Freddie Mac had just announced record losses, and so had most reporting corporations. Unemployment was mounting, the foreclosure crisis was deepening, state budgets were in shambles, and massive bailouts were everywhere. Investors had every reason to expect the dollar and the stock market to plummet, and gold and oil to shoot up. Strangely, the Dow Jones Industrial Average gained 300 points, the dollar strengthened, and gold and oil were crushed. What happened?
It hardly took psychic powers to see that the Plunge Protection Team had come to the rescue. Formally known as the President’s Working Group on Financial Markets, the PPT was once concealed and its very existence denied as if it were a matter of strict national security. But the PPT has now come out of the closet. What was once a legally questionable “manipulator” of markets has become a sanctioned stabilizer and protector of markets. The new tone was set in January 2008, when global markets took their worst tumble since September 11, 2001. Senator Hillary Clinton said in a statement reported by the State News Service:
“I think it’s imperative that the following step be taken. The President should have already and should do so very quickly, convene the President’s Working Group on Financial Markets. That’s something that he can ask the Secretary of the Treasury to do. This has to be coordinated across markets with the regulators here and obviously with regulators and central banks around the world.”
The mystery over what was going on with the dollar the first week in August was solved by James Turk, founder of GoldMoney, who wrote on August 7:
“[T]he banking problems in the United States continue to mount, while the federal government’s deficit continues to soar out of control. So what happened to cause the dollar to rally over the past three weeks? In a word, intervention. Central banks have propped up the dollar, and here’s the proof.
“When central banks intervene in the currency markets, they exchange their currency for dollars. Central banks then use the dollars they acquire to buy US government debt instruments so that they can earn interest on their money. The debt instruments central banks acquire are held in custody for them at the Federal Reserve, which reports this amount weekly.
“On July 16, 2008 the Federal Reserve reported holding $2,349 billion of US government paper in custody for central banks. In its report released today, this amount had grown over the past three weeks to $2,401 billion, a 38.4% annual rate of growth. So central banks were accumulating dollars over the past three weeks at a rate far above what one would expect as a result of the US trade deficit. The logical conclusion is that they were intervening in currency markets. They were buying dollars for the purpose of propping it up, to keep the dollar from falling off the edge of the cliff and doing so ignited a short covering rally, which is not too difficult to do given the leverage employed in the markets these days by hedge funds and others.”
Just as central banks manipulate currencies in concert, so gold can be manipulated by massive selling of central bank reserves. Oil and any other market can be manipulated as well. But markets can be manipulated by only so much and for only so long without fixing the underlying problem. There is more bad news coming down the pike, news of such magnitude that no amount of ordinary manipulation is liable to conceal it.
For one thing, roughly $400 billion in ARMs (adjustable rate mortgages) have or will reset between March and October of this year. Assuming 3 to 6 months for strapped debtors to actually hit the wall with their payments, a huge wave of defaults is about to strike, continuing through March 2009 – just in time for the next huge wave of resets, in option ARMs. Option ARMs are loans with the option to pay even less than just the interest on the loan monthly, increasing the loan balance until the loan reaches a certain amount (typically 110% to 125% of the original loan balance), when it resets. The $800 billion credit line recently opened to Fannie Mae and Freddie Mac may be not only tapped but tapped out, at taxpayer expense. The underlying problem is little discussed but impossible to repair – a one quadrillion dollar derivatives scheme that is now imploding. Banks everywhere are facing massive writeoffs, putting the whole banking system on the brink of collapse. Only public bailouts will save it, but they could bankrupt the nation.
What to do? War and threats of war have been used historically to distract the population and deflect public scrutiny from economic calamity. As the scheme was summed up in the trailer to the 1997 movie “Wag the Dog” -
“There’s a crisis in the White House, and to save the election, they’d have to fake a war.”
Perhaps that explains the sudden breakout of war in the Eurasian country of Georgia on August 8, just 3 months before the November elections. August 8 was the day the Olympic Games began in Beijing, a distraction that may have been timed to keep China from intervening on Russia’s behalf. The mainstream media version of events is that Russia, the bully on the block, invaded its tiny neighbor Georgia; but not all commentators agree. Mikhail Gorbachev, writing in The Washington Post on August 12, observed:
“What happened on the night of Aug. 7 is beyond comprehension. The Georgian military attacked the South Ossetian capital of Tskhinvali with multiple rocket launchers designed to devastate large areas. Russia had to respond. To accuse it of aggression against ‘small, defenseless Georgia’ is not just hypocritical but shows a lack of humanity. The Georgian leadership could do this only with the perceived support and encouragement of a much more powerful force.”
Bruce Gagnon, coordinator of the Global Network against Weapons and Nuclear Power, commented in OpEdNews on August 11:
“The U.S. has long been involved in supporting ‘freedom movements’ throughout this region that have been attempting to replace Russian influence with U.S. corporate control. The CIA, National Endowment for Democracy and Freedom House (includes Zbigniew Brzezinski, former CIA director James Woolsey, and Obama foreign policy adviser Anthony Lake) have been key funders and supporters of placing politicians in power throughout Central Asia that would play ball with ‘our side’. None of this is about the good guys versus the bad guys. It is power bloc politics. Big money is at stake. [B]oth parties (Republican and Democrat) share a bi-partisan history and agenda of advancing corporate interests in this part of the world. Obama’s advisers, just like McCain’s (one of his top advisers was recently a lobbyist for the current government in Georgia) are thick in this stew.”
Brzezinski, who is now Obama’s adviser, was Jimmy Carter’s foreign policy adviser in the 1970s. He also served in the 1970s as director of the Trilateral Commission, which he co-founded with David Rockefeller Sr., considered by some to be the “master spider” of the Wall Street banking network. Brzezinski, who wrote a book called The Grand Chessboard, later boasted of drawing Russia into war with Afghanistan in 1979, “giving to the Soviet Union its Vietnam War.” Is the Georgia affair an attempted repeat of that coup? Mike Whitney, a popular Internet commentator, observed on August 11:
“Washington’s bloody fingerprints are all over the invasion of South Ossetia. Georgia President Mikhail Saakashvili would never dream of launching a massive military attack unless he got explicit orders from his bosses at 1600 Pennsylvania Ave. After all, Saakashvili owes his entire political career to American power-brokers and US intelligence agencies. If he disobeyed them, he’d be gone in a fortnight. Besides an operation like this takes months of planning and logistical support; especially if it’s perfectly timed to coincide with the beginning of the Olympic games. (another petty neocon touch) That means Pentagon planners must have been working hand in hand with Georgian generals for months in advance. Nothing was left to chance.”
Part of that careful planning may have been the unprecedented propping up of the dollar and bombing of gold and oil the week before the curtain opened on the scene. Gold and oil had to be pushed down hard to give them room to rise before anyone shouted “hyperinflation!” As we watch the curtain rise on war in Eurasia, it is well to remember that things are not always as they seem. Markets are manipulated and wars are staged by Grand Chessmen behind the scenes.
Ellen Brown, J.D., developed her research skills as an attorney practicing civil litigation in Los Angeles. In “Web of Debt,” her latest book, she turns those skills to an analysis of the Federal Reserve and “the money trust.” She shows how this private cartel has usurped the power to create money from the people themselves, and how we the people can get it back. Her websites are http://www.webofdebt.com/ and http://www.ellenbrown.com/
Her eleven books include the bestselling “Nature’s Pharmacy,” co-authored with Dr. Lynne Walker, which has sold 285,000 copies.
Tags: bad news, bank, banks, beijing, bet, big money, Books, Boss, broker, Budget, Budgets, business, capital, Career, cartel, central banks, cia, collapse, commentator, Conclusion, Control, corporate, corporations, Coul, country, credit, currencies, currency, currency market, currency markets, current, debt, Dollar, drawing, Employ, Employe, encouragement, Existence, federal gov, federal government, federal reserve, financial, financial markets, Foreclosure, foreign, Fre, freedom, game, Games, global market, Gold, good guys, hedge funds, heir, hillary, hillary clinton, history, human, inc, inflation, intelligence, investor, investors, Irs, jimmy carter, laps, Leverage, loan, loans, logic, losses, Mai, market, markets, massi, mccain, met, mmi, money, mortgage, movie, mystery, People, pita, politic, politicians, population, Proble, proof, Rate, reason, record losses, rent, Rsi, Rush, s market, Searc, shout, sit, Smal, stake, stock, stock market, strange, Target, Tax, Unemployment, united states, us government, wall street, work, writ, Yea
Posted in Uncategorized | No Comments »