Global Currency Reset in 90days...

Discussion in 'YouTube Digest' started by QLDSILVER, Dec 8, 2013.

  1. QLDSILVER

    QLDSILVER Member

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    http://radio.goldseek.com/

    Yes I know its our favorite ("I hope you have your pens and paper handy folks") but should be interesting for our friend Pope Williams. (Side note: Turk sounds ill)


    Time to short currencies?
     
  2. QLDSILVER

    QLDSILVER Member

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  3. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Does that mean I don't have to repay my personal loan?
     
  4. JulieW

    JulieW Well-Known Member Silver Stacker

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  5. QLDSILVER

    QLDSILVER Member

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  6. goldpelican

    goldpelican Administrator Staff Member

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    Aww man not another Iraqi Dinar pump and dump.

    The number of people that have spent their life savings on these things thinking they're about to be "revalued" is staggering. Bloody retiree fraud rife in Florida ripping off the elderly.

    Scam based on a premise about revaluing the dinar based on in-ground oil reserves as backing, and references to historical pre-war forex rates, makes sense to the economically naive. On those grounds, we should all be buying Zimbabwe dollars.

    Dongs and a few other currencies got caught up in it - basically any currency that looks impressive as suitcases full of cash for a few thousand US dollars. People are paying 10-20x official exchange rates to buy pretty much worthless currencies that get exported by the container load.
     
  7. QLDSILVER

    QLDSILVER Member

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    Lol agreed on Dinars and Dongs.
     
  8. boston

    boston Well-Known Member Silver Stacker

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    A currency reset is an interesting scenario. And whilst most had expected that this would happen, as a prelude to the forthcoming digital currency ie mark of the beast etc.

    The question is, what currency will be used as the mean that all the other currencies orbit around within the 5-10% tolerance range? And at what level does the A$ stand in this?
     
  9. Eruaran

    Eruaran Member

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    Lindsay Williams it pushing his latest DVD I see...
     
  10. errol43

    errol43 New Member Silver Stacker

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    What he could say in 5mins, he takes 50 mins.

    Regards Errol 43
     
  11. JulieW

    JulieW Well-Known Member Silver Stacker

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    That's why he needs a DVD. Capacity.

    :)
     
  12. dccpa

    dccpa Active Member

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    If Turk has been following his own advice, I am not surprised that he might be ill.
     
  13. dccpa

    dccpa Active Member

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    Con man.
     
  14. boston

    boston Well-Known Member Silver Stacker

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    Assuming that there will be a global monetary reset, which country is likely to take up the cudgels as having the world's reserve currency?

    The obvious choice appears to be China with both military and financial acumen, however stranger things have happened, and I cannot rule out Singapore or HK from a monetary perspective.
     
  15. Argentum

    Argentum Well-Known Member

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    if there isnt an obvious choice like now; what if they said Euro and Yuan will both be a reserve currency. Would this be possible?
     
  16. boston

    boston Well-Known Member Silver Stacker

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    Doubtful, as both have differing economic markets, wages, living standards etc.

    However, like most things recently, what should happen doesn't and what shouldn't does! :/
     
  17. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Didn't think so.
    Pope + Sprott = zero credibility as usual. :/
     
  18. House

    House Well-Known Member Silver Stacker

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  19. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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  20. bradsw57

    bradsw57 New Member Silver Stacker

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    Oh damn. FS: A huge number of Zimbabwean dollars - pristine condition, never used, likely to go to the moon any day now....:D
     

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