Donald Trump 2-10-17, Message Regarding Currencies… “Very Much Sooner Than [Many] Think… We Will be All at a Level Playing Field”
It appears that this was more pointed towards Asian currencies, but it may very well be related to what many feel is going to happen, namely, a GCR (Global Currency Reset) and/or the (in)famous, RV (ReValuation) of certain currencies. I was amazed to find it in this video, so I checked out the WH YouTube page and found the complete press conference (with Japan PM Shinzo Abe) that contains the same information (but in much HIgher D).
The initial question is at 24:30, and the part about currencies occurs at 26:27. There is also a mention of Trump speaking with “various representatives of China” (Chinese Elders, anyone?) in there as well.
The video below begins at 24:30.
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https://youtu.be/a9bDERrKYWI?t=24m30s
Filed under: apocalypse, new energies, partners in contrast
Tagged: currency revaluation, Donald J. Trump, GCR, Global Currency Revaluation, RV, Shinzo Abe
Source: https://kauilapele.wordpress.com/2017/02/10/donald-trump-2-10-17-message-regarding-currencies-very-much-sooner-than-many-think-we-will-be-all-at-a-level-playing-field/
the country is a complete disaster because of left wing liberal extremist
msm especially CNN can solve this. Quit telling lies and half truths so as to kiss your globalist bosses a**.
I noticed that too. Kind of goes hand in hand with his other statement that there are some things you’re only in a position to know as President.
don’t forget the 3rd hand – there are 21 levels of security ABOVE the president
The Global Currency Reset, will consist of a new dollar, or some form of international currency backed by gold. No more fiat monopoly money. Price of gold will skyrocket.
gold isn’t plentiful enough to back the entire global economy,, silver is though
@Kauilapele
Thank you for spotting that and bringing it to our attention appro post (been watching and waiting), not long now then we can…
END THE FED.
As much as I am a fan of Trump he doesn’t understand currencies and their relationship to trade. A country must have the ability to devalue a currency when their economies need it. If not they must take on massive amounts of debt to offset the inability to devalue. Then taxes rise, benefits are cut, government workers are laid off and salaries are cut which forces people to have less disposable income which has a domino effect as businesses suffer, lay off begin and banks go broke because of the inability to service debt. Just take a look at Greece, Italy, Spain, Portugal and Ireland. All are bankrupt because they had to take on massive amounts of debt because they are all using the euro. This has caused the euro and the EU to collapse along with their economies. This will not end until they go back to their own currencies. The sovereign debt crisis has started again in the EU with yields spiking and this will continue thru 2017 and 2018 with massive increases in unemployment. As capital is rotated out of these it will move to the dollar and Dow where there are large polls of liquidity. This will continue to cause dollar strength and the Dow moving upwards. The worst for the Dow is a normal correction before moving higher.
Anyone who trades currencies on the spot or cash market and the futures market knows that a “global currency reset” as these people describe cannot happen as they are “reset” on a continuous basis from Sunday evening NY time when Asia opens to Friday at 4:00pm NY 24 hours a day during that period. It is simply the largest market on the planet dwarfing all others combined with daily volume at over $5 trillion and yearly over $1 quadrillion. These international capital flows are so staggering it is simply mind blowing!
China does not devalue their currency but it is tied to a basket of currencies mostly their trading partners in Asia. As the dollar has been increasing in strength due to international capital flows the currencies in the basket have become weaker against the dollar and this weakens the yuan.
What has caused these massive international capital flows flooding into the dollar? The policies of the ECB and the Bank of Japan with their negative interest policies. These have caused the euro to collapse, destroyed the traditional banking model, helped to cause massive unemployment especially in southern Europe and destroyed their economies. Entities have been pulling capital from Europe helping to cause the liquidity crisis with these funds moving into the dollar and Dow for over a year now. Are you really going to want to park capital in banks with liquidity problems? On top of that are going to park funds in the euro if it collapsing?
All of this has been the FED’s problem and why they cannot move rates back to normal because it would strengthen the dollar even more and collapse US exporters along with US banks who have lent trillions to foreign entities in dollar denominated loans and these become almost impossible to service with a strong dollar.