Austerity is Here!! - Alex Jones Tv

The Stench of US Economic Decay: Russia and China Dump the US Dollar




Dr. Paul Craig Roberts
http://www.infowars.com/
http://www.prisonplanet.tv/
November 29, 2010

On Thanksgiving eve the English language China Daily and People's Daily Online reported that Russia and China have concluded an agreement to abandon the use of the US dollar in their bilateral trade and to use their own currencies in its place. The Russians and Chinese said that they had taken this step in order to insulate their economies from the risks that have undermined their confidence in the US dollar as a world reserve currency.

As China has a large and growing supply of dollars from trade surpluses with which to conduct trade, China is signaling that she prefers Russian rubles and Brazilian reals to more US dollars.




This is big news, especially for the news dead Thanksgiving holiday period, but I did not see it reported on Bloomberg, CNN, New York Times or anywhere in the US print or TV media. The ostrich's head remains in the sand.

Previously, China concluded the same agreement with Brazil.

As China has a large and growing supply of dollars from trade surpluses with which to conduct trade, China is signaling that she prefers Russian rubles and Brazilian reals to more US dollars.

The American financial press finds solace in the episodes when sovereign debt scares in the EU send the dollar up against the euro and UK pound. But these currency movements are just measures of financial players shorting troubled EU-denominated debt. They are not a measure of dollar strength.

The dollar's role as world reserve currency is one of the main instruments of American financial hegemony. We haven't been told how much damage Wall Street fraud has inflicted on EU financial institutions, but the EU countries no longer need the US dollar for trade between themselves as they share a common currency. Once the OPEC countries cease to hold the dollars that they are paid for oil, dollar hegemony will have faded away.

Another instrument of American financial hegemony is the IMF. Whenever a country cannot make good on its debts and pay back the American banks, in steps the IMF with an austerity package that squeezes the country's population with higher taxes and cuts in education, medical and income support programs until the bankers get their money back.

This is now happening to Ireland and is likely to spread to Portugal, Spain, and perhaps even to France. After the American-caused financial crisis, the IMF's role as a tool of US imperialism is less and less acceptable. The point could come when governments can no longer sell out their people for the sake of the American banks.

There are other signs that some countries are tiring of America's irresponsible use of power. Turkey's civilian governments have long been under the thumb of the American influenced Turkish military. However, recently the civilian government moved against two top generals and an admiral suspected of involvement in planning a coup. The civilian government further asserted itself when the prime minister announced on Thanksgiving day that Turkey is prepared to react to any Israeli offensive against Lebanon. Here is an American NATO ally freeing itself from American suzerainty exercised through the Turkish military. Who knows, Germany could be next.

Meanwhile in America the sheeple remain content with, or blind to, their role as sheep to be slaughtered to feed the rich. The Obama administration has managed to come up with a Deficit Commission whose members want to pay for the multi-trillion dollar wars that are enriching the military/security complex and the multi-trillion dollar bailouts of the financial system by reducing annual cost-of-living increases for Social Security, raising the retirement age to 69, ending the mortgage interest deduction, ending the tax deduction for employer-provided health insurance, imposing a 6.5% federal sales tax,
while cutting the top tax rate for the rich
http://www.infowars.com/the-stench-of...

Webster Tarpley : US using Korea to make money

North Korea and South Korea exchanged artillery fire yesterday. All the while the United States dollar has strengthened as bad blood between North and South Korea means big business for the US. Investigative journalist Webster Tarpley says the financial district is taking part in a flight to safety moving money in the US treasury, using North Korea as a catalyst to make other nations depend on the US.

Risk Management: The Key To Surviving The Learning Curve

Consider this hypothetical situation.  Let us assume that the average student learns his multiplication tables in the 3rd grade.  Now, Micah is a really motivated student who loves to learn.  In 2nd grade, he spends most of his days dreaming about how he will get to learn his multiplication tables in 3rd grade.  However, in 2nd grade he is only learning addition.  He gets itchy, and eventually gets so upset that he’s not learning multiplication that he drops out of school!  Of course, this never happens in real life, but the entire situation is exactly what unfolds in the journey of most traders.

If we equate multiplication to becoming a consistently, profitable trader, we can see that as the main “daydream” of most traders.  However, in order to learn multiplication, you have to learn the foundation of addition, and most traders are not willing to undergo the necessary preparatory stages that are required for profitable trading in the online forex market.  One of the most important foundational aspects of trading is risk management.

Risk Management

Risk management is equivalent to Micah learning addition.  The reality is that no trader will ever become consistently profitable unless he has a very strong handle on the issue of risk management.  Now, let’s break this down a bit further.  Most traders fail.  That is a given.  In general business practices, it is common knowledge that 80%-90% of small businesses will fail and close up shop in 1-3 years.  In trading, the statistic of fatality is even higher, some estimates put the number as high as 90%+ of traders fail and give up.  The reality is that most traders never graduate from the very elementary stages of trading—they never survive the learning curve.

The Learning Curve

There is a very real learning curve in trading.  The learning curve involves many aspects including, but not limited to, risk management, strategy development, and trading psychology.  Each of these major aspects of trading literally takes years to master, but new traders get so excited about trading, that instead of focusing on these fundamental aspects of trading, they take the first best forex course that they can find and then hurry into a live account and lose all of their money.  If such a high percentage of traders fail during the learning curve, what is the key to surviving?  The answer is simple—risk management.

Bringing It All Together

Now we see that simply surviving the learning curve is an absolutely essential element of trading success, and the greatest key to surviving as a trader is to simply not lose all of one’s trading capital, and this, of course, is done by employing proper risk management.

Many e-books and forex courses recommend placing 2% of account capital at risk on each trade.  This is quite heavy, though.  A new trader will undoubtedly endure losing streaks.  If a trader endures a losing streak where he has 5 consecutive losers, which is highly probable at some point, this will result in over a 10% drawdown in the account.  That can be quite a psychological blow to the trader, and most new traders will begin taking on even more risk as they have more losers in a deadly attempt to quickly earn back losses.  Furthermore, when a trader risks 2% of account capital on a single trade, it is difficult to be emotionally detached from the trade because it is most likely a decent amount of money.

It is best for new traders to risk significantly less than 2% per trade.  In fact, a new trader may do well risking only .25% or less of account equity on each trade.  This will help him be emotionally detached from each trade because of the small amount of money at risk relative to account size, and this will help the trader make positive decisions, and his probability of surviving the learning curve will increase dramatically. Of course another key aspect of risk management that must not be forgotten is that you should never risk money that you cannot afford to lose.

SPOKANE WASHINGTON TSA DOING INTRUSIVE PAT-DOWNS AFTER BACKSCANNER.

You are supposed to be given a choice. You can "opt-out" of the naked body scanner and receive an intrusive pat down. But at Spokane International Airport we clearly see TSA minions patting down sheeple after they go through the naked body backscanner. In addition to being an invasion of privacy and a humiliating experience. The TSA minion is touching one passenger after another, which is a great way to spread germs, viruses and the flu. Don't worry this is to protect you from terrorists who dine at the Pentagon.
http://www.infowars.com/al-qaeda-mast...