Published on 27 Mar 2016 - Lecture by Brother Zahid Aziz titled World of Money: "In The World We Live In. Brother Zahid is one of the of the founder of movement "Toward s Just Monetary & Financial System. He has 25 years of experience in Muamalat Industry, the winner or IIUM Best Student Award 2012 for Banking & Finance. Hope this talks will give us some new light with regard to monetary & financial system in the world we live today.
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Showing posts with label USD. Show all posts
Showing posts with label USD. Show all posts
Monday, April 18, 2016
Sunday, November 3, 2013
Venezuela got their gold, why not Germany?
Submitted by Ben S. on Tue, 09/10/2013 - 09:46
I guess I missed this bit of news, but Venezuela recently got about $9 billion worth of their gold transferred from American to Venezuela.
Germany requested an audit of their gold, which we refused, and $34 billion worth of their gold, which we said we would deliver in 7 years.
What's up? We're not exactly best buds with Venezuela, yet we ship their gold right away. Germany isn't exactly an insignificant country, especially economically (as far as I can tell, they're pretty much funding the rest of the EU right now), but we refuse to even audit their gold holding in our country?
Anyone have any great theories on this one? Something to do with central banks and the Fed vying for power? I thought I had a clue until I started reading about Venezuela.
Article about Venezuela gold:
Why Does Germany Want It's Gold Back?
Published on 12 Feb 2013 - This video is about, why does Germany want it's gold back from the Federal Reserve in New York - by MrEnergyCzar ?
More And More Germans Want Their Gold Back
ADAM TAYLOR | OCT. 31, 2012,
Germany's gold reserves are amongst the highest in the world and they have been kept almost entirely overseas due to Cold War fears of a Soviet invasion. Almost half of Germany's gold is kept in Manhattan — deep in the heart of the Financial District at the New York Fed.
But some German politicians seem to be getting uncomfortable with trusting the US with this system. They want to actually see the gold, to make sure its still there. Some even want it back. A campaign called "Bring back our Gold" was launched in May, and seems to be making an impact on mainstream politics.
But some German politicians seem to be getting uncomfortable with trusting the US with this system. They want to actually see the gold, to make sure its still there. Some even want it back. A campaign called "Bring back our Gold" was launched in May, and seems to be making an impact on mainstream politics.
Der Spiegel's Sven Böll and Anne Seith have published a good explainer about the situation. A large part of the movement seems to come from Peter Gauweiler, the head of the conservative Christian Social Union (CSU), who has for years demanded to know exactly where Germany's gold is (He eventually was allowed to visit the Bundesbank's domestic gold in storage in Frankfurt).
However, what really got Guaweiler riled up was a secret report from Germany's Federal Audit Office that sternly criticized the German central bank. The report, while apparently routine, looked like a key piece of evidence to those expecting some sort of conspiracy theory. As Der Spiegel describes it:
Indeed, the partially blacked-out report read like the prologue to an espionage thriller in which the stunned central bankers could end up standing in front of empty vaults in the US.
Germany has almost 3,600 metric tons of gold, second only to the US. Half of that gold has been stored at the NY Fed since the late 70s, sitting fifth sub-floor of the bank's building on Liberty Street, 80 feet below street level. The Germans were not allowed to see their gold for decades, but in 2007 they were finally allowed in, and, after further inquiries, finally allowed to actually touch some of the gold in 2011.
While this fuels conspiracy theories, it is standard practice for US gold storage institutions. The owners of the gold in Fort Knox have not seen their gold for decades. But that doesn't stop the rumors and conspiracy theories doing the rounds about missing gold, or secret agreements between the US and German governments.
While the report was mostly calling for better measures to account for the vast amount of gold, the movement to bring it all back is large. As Der Spiegel notes, that's hugely impractical, "One cannot simply pack 1,500 tons of gold into an Airbus A380 super-jumbo jet and fly it back to Germany."
But it wouldn't be entirely unprecedented. Ambrose Evans-Pritchard of The Telegraph notes that secret German reports have revealed that the country took two-thirds of it's gold back shortly after the start of the Euro a decade ago.
Evans-Pritchard says that the timing of the move makes no sense on the surface — coming as the euro was at its weakest — but may have been ordered as the Bank of England was selling off its own gold and there were fears that the gold may not be clearly allocated to Germany.
source here >>>
Wednesday, September 21, 2011
Gaddafi gold-for-oil,
dollar-doom plans behind Libya 'mission'?
Uploaded by RussiaToday on May 5, 2011 - More speculation has been raised on the reasons for NATO's intervention in Libya. As RT's Laura Emmett reports, the organisation may have been trying to prevent Gaddafi from burying the American buck.
Tuesday, September 20, 2011
Gold Chart - Last 10 years
the USA dollar since sept 2001 is now worth only 14.3 cents , when compared to the price of gold over the last ten years , clearly the entire world no longer trusts nor wants the USA dollar.
Sunday, July 3, 2011
BRICS credit: Local currencies to replace dollar.
SANYA: Brazil, Russia, India, China and South Africa - the BRICS group of fastest growing economies - Thursday signed an agreement to use their own currencies instead of the predominant US dollar in issuing credit or grants to each other.
The agreement, the first-of-its-kind, was signed at the 3rd BRICS summit here attended by Indian Prime Minister Manmohan Singh, China's Hu Jintao, Brazil's Dilma Rousseff, Russia's Dmitry Medvedev and South Africa's Jacob Zuma.
"Our designated banks have signed a framework agreement on financial cooperation which envisages grant of credit in local currencies and cooperation in capital markets and other financial services," Manmohan Singh told reporters at a news conference with other BRICS leaders.
Saturday, December 11, 2010
Golden Times :: euro zone sovereign debt woes still on.
...Silver, gold prices up on global crisis fears
RussiaToday | November 09, 2010 - Gold and silver surged to a record high fueld by inflation and euro zone sovereign debt woes. Gold is hovering around peak levels- exceeding the 14-hundred-dollar-per-ounce mark. Silver is also maintaining its gains, having risen to a 30 year peak. Analysts say the demand for precious metals could continue to climb - amid low interest rates, the European sovereign-debt crisis, and jitters over the global economic slowdown. RT discusses the issue with Manoj Ladwa, Senior trader at E-T-X Capital, who is in London.
Friday, December 3, 2010
The Gold Standard & Dollar History :
therealweeklynews | April 04, 2008 - The value of the dollar is dropping like a rock and this video is to show how this is affecting the prices of everything from gas to milk. This is the first of several videos to show what is really happening to the economy of the United States and why this country is in a lot of trouble financially.
Thursday, November 18, 2010
America initiated Global "money laundering" of the highest order!
Parasitical Capital Not Lack of Gold the Problem:
Jane D'Arista: Discusses Head of World Bank suggestion return of gold standard is grasping at straws
Jane D'Arista: Discusses Head of World Bank suggestion return of gold standard is grasping at straws
Tuesday, November 9, 2010
Back Toward the Gold Standard?
World Bank President Supports New Gold Standard :
Robert Zoellick, the president of the World Bank writes:
“The system should also consider employing gold as an international reference point of market expectations about inflation, deflation and future currency values.”
That could ignite a firestorm of controversy between economists who see a gold standard as a global stabilizer and those who see it as a job and growth-killer. What could invite more consensus is Zoellick’s call to reengineer the global financial architecture.
“The development of a monetary system to succeed ‘Bretton Woods II’ launched in 1971, will take time. But we need to begin. The scope of the changes since 1971 certainly matches those between 1945 and 1971 that prompted the shift from Bretton Woods I to II.”
Monday, October 25, 2010
Currency wars to short circuit role of Gold?
Can the Capitalist stage manage the present economy upheaval...
Currency wars point way to managing imbalances:
Despite the truce that G20 countries made this weekend agreeing not to devalue currencies to tackle financial imbalances, some fear the US has been long involved in a currency war.
The US has waged well-known wars in Afghanistan and Iraq. Yet some say it is also waging a lesser-known battle that is just as costly and much larger in scale.
"The US is leading a financial world war to obtain foreign resources and essentially make other countries pay tribute to it,” Michael Hudson, contributor to the Financial Times, told RT.
Read full Report
Saturday, October 16, 2010
Friday, October 15, 2010
Friday, October 8, 2010
Fiat Currency will have no where to go but Gold!
Jim Rogers - Currency Wars:
October 07, 2010 - Global Currencies World Wide are being debased.
Nation states are debasing their currencies by printing money.
By printing money, the supply of money in the system increases.
More money in the system causes prices of important things you and I depend on in our every day life to INCREASE.
Our dollars buy less today than ever before. If you made 5 dollars in the 70s, you were paid MORE than you are today at 12 dollars.
Currency wars:
Keiser Report №79: Currency Wars Break Out
RussiaToday | September 21, 2010 - This week Max Keiser and co-host, Stacy Herbert, look at the scandals of Greenspan's 'gold warning;' currency wars breaking out; the Veterans Administration's verbal dealers with insurance brokers raking it in on dead soldiers and Carla Bruni's hopes for raking it in after her husband's (hopefully) one term. In the second half of the show, Max goes to New York to talk to Yves Smith of NakedCapitalism.com about her book, Econned, and about stability and instability in financial markets, structural imbalances,'bad equilibrium,' trillions in derivatives and Che Guevara with machine gun interfering with Potemkin companies.
Thursday, July 1, 2010
Gerald Celente: Go for the gold!
RTAmerica | June 30, 2010 - As the economy continues to struggle, the dollar has become more of an issue with its unstable behavior. Gerald Celente says that the dollar is an unreliable international currency and should be replaced by a more stable system. He also adds that the only stable market is gold, as the economy worsens gold's value will continue to increase.
Monday, February 22, 2010
Monday, February 8, 2010
'worthless' dollar & Gold 'the Savior'
February 05, 2010 | Marc Faber, author of Gloom Boom and Doom Report says many Western governments would eventually follow the US 'inevitable' default suit. Outspoken investor and writer Marc Faber doesnt give America much time before it goes bust.
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