currencies collapsing everywhere

leo25

leo25

Well-Known Member
Silver Stacker
Sales on now, everything must go!

1 local Currency to USD - highest point from 2009 onwards to now (September 2018)
Numbers taken from www.xe.com

Liberian Dollar:
$0.015 to $0.006 down 96%

Argentine Peso:
$0.28 to $0.026 down 91%

Turkish Lira:
$0.71 to $0.15 down 79%

Venezuelan Bloivar:
$0.46 to $0.1 down 78%

Russian Ruble:
$0.036 to $0.014 down 62%

Brazilian Real:
$0.64 to $0.24 down 62%

South African Rand:
$0.15 to $0.067 down 56%

Tunisian Dinar:
$0.77 to $0.36 down 53%

Indonesian Rupiah:
$0.000118 to $0.00007 down 41%

Indian Rupee:
$0.022 to $0.014 down 37%

And there are more, much much more.
 
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Currencies are crap ... there is a cabal that has control of the financial system ... but most people are too stupid to realise how big the problem is ...
 
There's never just one cockroach... https://www.bloomberg.com/view/arti...y-be-facing-a-textbook-emerging-market-crisis

"The textbook recipe for an emerging-market crisis requires a large dose of debt and an associated domestic credit bubble, including misallocation of capital into uneconomic trophy projects or financial speculation. Then add: a weak banking sector, budget deficits, current-account gaps, substantial short-term foreign-currency debt and inadequate forex reserves. Season with narrowly based industrial structures, reliance on commodity exports, institutional weaknesses, corruption and poor political and economic leadership."
 
A lot of people don't like what Zero Hedge report, It could be the amount of swearing they've read in the comments section, some of it really evil stuff.
However, The over last few days they have had some really informative articles on the subject of emerging countries troubles that any thinking person may want to read & then either take it in or reject it. _JOHNLGALT.
 
'A lot of people don't like . . . Zero Hedge'

A mob called 'Market Oracle' are about the same; and having noted that half the authors on both sites are half mad, it is the case that these two sites -- check and re-check their claims!! -- consistently run stories at the leading-edge of the craziness in the world.
 
inmizu said:
'A lot of people don't like . . . Zero Hedge'

A mob called 'Market Oracle' are about the same; and having noted that half the authors on both sites are half mad, it is the case that these two sites -- check and re-check their claims!! -- consistently run stories at the leading-edge of the craziness in the world.
Click to expand...
This may be true, but to me they seem to be making more sense than most of the MSM.
 
For me, GE, whether one approves of them or not, they are just always on the knocker! They publish articles in 'deeper' stuff months before the MSM figures it out.
 
JOHNLGALT said:
However, The over last few days they have had some really informative articles on the subject of emerging countries troubles that any thinking person may want to read & then either take it in or reject it. _JOHNLGALT.
Click to expand...

Went to ZH to look and found this gem about what China is doing in Africa. Yes indeed, very informative. (And yes, Europe is soooo toast.)
https://www.zerohedge.com/news/2018-09-03/doug-casey-chinas-exploitation-africa

"...they’re definitely exploiting Africa. We’re seeing a veritable re-colonization of Africa. Every time I visit Africa I see more and more Chinese. It doesn’t matter which country; they’re everywhere. ...
The Chinese basically see Africans as no more than a cheap labor source. That’s at best. Other than that, they’re viewed as a complete nuisance. Basically an obstacle, a cost, standing in the way of efficient use of the continent itself. ...
Nonetheless, Africa is going to be the epicenter of what’s happening in the world for years to come. It’s gone from being just an empty space on the map in the 19th C, to a bunch of backwater colonies in the 20th C, to a bunch of failed states that people are only vaguely aware of today. Soon, however, it will be frontpage news. And this is both because Chinese are moving to Africa in record numbers and Africans are leaving as fast as they can. ...
Eighty years from now, Lagos, Nigeria will be the largest city in the world. It’s on track to have a population of more than 90 million. The world’s second biggest city will be Kinshasa in the Congo with about 80 million people. Dar es Salaam of Tanzania will be the world’s third biggest city with a population of roughly 75 million people."
 
Currencies9-18.jpg
 
jultorsk said:
Went to ZH to look and found this gem about what China is doing in Africa. Yes indeed, very informative. (And yes, Europe is soooo toast.)
https://www.zerohedge.com/news/2018-09-03/doug-casey-chinas-exploitation-africa

"...they’re definitely exploiting Africa. We’re seeing a veritable re-colonization of Africa. Every time I visit Africa I see more and more Chinese. It doesn’t matter which country; they’re everywhere. ...
The Chinese basically see Africans as no more than a cheap labor source. That’s at best. Other than that, they’re viewed as a complete nuisance. Basically an obstacle, a cost, standing in the way of efficient use of the continent itself. ...
Nonetheless, Africa is going to be the epicenter of what’s happening in the world for years to come. It’s gone from being just an empty space on the map in the 19th C, to a bunch of backwater colonies in the 20th C, to a bunch of failed states that people are only vaguely aware of today. Soon, however, it will be frontpage news. And this is both because Chinese are moving to Africa in record numbers and Africans are leaving as fast as they can. ...
Eighty years from now, Lagos, Nigeria will be the largest city in the world. It’s on track to have a population of more than 90 million. The world’s second biggest city will be Kinshasa in the Congo with about 80 million people. Dar es Salaam of Tanzania will be the world’s third biggest city with a population of roughly 75 million people."
Click to expand...

Thanks for you well thought out input.
I am just about to click on your Doug Casey link.
I have a few of his books still since the 1970's & 80's. They got me started in the Metals way back when.
 
jultorsk said:
Went to ZH to look and found this gem about what China is doing in Africa. Yes indeed, very informative. (And yes, Europe is soooo toast.)
https://www.zerohedge.com/news/2018-09-03/doug-casey-chinas-exploitation-africa

"...they’re definitely exploiting Africa. We’re seeing a veritable re-colonization of Africa. Every time I visit Africa I see more and more Chinese. It doesn’t matter which country; they’re everywhere. ...
The Chinese basically see Africans as no more than a cheap labor source. That’s at best. Other than that, they’re viewed as a complete nuisance. Basically an obstacle, a cost, standing in the way of efficient use of the continent itself. ...
Nonetheless, Africa is going to be the epicenter of what’s happening in the world for years to come. It’s gone from being just an empty space on the map in the 19th C, to a bunch of backwater colonies in the 20th C, to a bunch of failed states that people are only vaguely aware of today. Soon, however, it will be frontpage news. And this is both because Chinese are moving to Africa in record numbers and Africans are leaving as fast as they can. ...
Eighty years from now, Lagos, Nigeria will be the largest city in the world. It’s on track to have a population of more than 90 million. The world’s second biggest city will be Kinshasa in the Congo with about 80 million people. Dar es Salaam of Tanzania will be the world’s third biggest city with a population of roughly 75 million people."
Click to expand...

Just found this podcast by Doug on King World News - just click on Doug's Link for the interview. CHEERS. _JLG.
https://kingworldnews.com/metalla-royalty-streaming-ltd/

EDIT to p.s. Just listened to it and it is basically an advertisement for a mining company.
 
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The issue with emerging market currencies has do to with the current Fed policy of raising interest rates:

The Bank for International Settlements (BIS), just recently warned of the dire impact that is certain if any hawkish maneuvers by Powell, our newest genius at the Chair of the Federal Reserve.

Carstens, a former central banker, commented in the recent BIS report that the US dollar makes up at least 80% of all the letters of credit outstanding, which are the means of settlement of international trade contracts. Think about 80% of all trade contracts.

He went on to explain this subject’s danger without any question or doubt. He said, “Any dollar shortage among non-US banks could cripple international trade.” That is the Richard Russel’s Synthetic Dollar Short.”

Since the Synthetic Dollar Shortage that now exists is an enormous size, the Federal Reserve cannot act to reset the Federal Reserve’s balance sheet, nor can they drain reserves by any means whatsoever. Doing so would bring on a great economic/currency calamity without historical precedent. What is timing of when this might occur? We have told you it is “NOW.”
...
Click to expand...

https://www.jsmineset.com/2018/09/01/light-vs-darkness-now/
 
The thing is, nearly all those currency values are relative to those of other currencies, meaning that any drop implies a rise of other currency or currencies. In other words: it's a global nothingsayer.
To give an example: up to end 2015, china and us governments kep their currencies pegged.
From 2016 onwards, they added the euro and yen to that peg. Unlike what some suggest, the dollar was not replaced.

https://en.wikipedia.org/wiki/International_status_and_usage_of_the_euro
3f07b39bded0a9a6bc2ff4a4d457255c.png

As one can see, despite all the negativity thrown on the dollar, it is still worlds governments major reserve currency, by a factor 3 times the rest together. And that factor does not show any downtrend on a term significant relative to the one of prices inflation. it's still on the same level as in 1995. The governments-forced newcomer Euro mostly just replaced the role of the German Mark, and later on most of the others worth mentioning.

So that "everywhere", in these days, should be taken with a grain salt.
Todays world is one of worldwide monetary planning by worlds governments together.
They... help... eachother alike loyal members of a maffia, and thus manipulate the values of their currencies, to undo effects of speculators.
 
Pirocco said:
The thing is, nearly all those currency values are relative to those of other currencies, meaning that any drop implies a rise of other currency or currencies. In other words: it's a global nothingsayer. ...
Click to expand...

Other than the fact that they are all dropping against the dollar, which is the necessary currency for them to trade, borrow and attract investment capital in the world markets, which puts tremendous stress on their economies. Sure.
 
pmbug said:
Other than the fact that they are all dropping against the dollar, which is the necessary currency for them to trade, borrow and attract investment capital in the world markets, which puts tremendous stress on their economies. Sure.
Click to expand...
But the other fact is that the dollar index value is derived from a formula that puts them relative to eachother, and that there are quite some currencies pegged, causing the impossibility to all rise, or drop, simultaneously. So if the dollar, with a high weight in the formula rises, then other currencies have to drop the same as a total. And vice versa. And how is it actually done? Well, with currency swaps. If speculators treaten to cause one currency to rise beyond, or drop under, a central planned limit, the central/national banks make the opposite swap, undoing the effect.
So stress, well not exactly...
 
Yes, the World's Reserve (FIAT) Currency is in its death throes as 'THEY' strive to keep it relevant.
Throwing enormous amounts of make-believe money, - which is created out of thin air at the Markets(?)

DEATH THROES OF THE FIAT DOLLAR.jpg
 
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