the actual fraud is the Central Bank dealings in sovereign debt paper to control currency valuations...... you are being defrauded of your dollar based savings by mystical inflation data and a double digit expansion of the monetary base....the Fed. is forcing you to hedge in the real estate, stock market, and hard asset market to try to keep pace..... if you actually try to save money, you're getting butchered by low yields and devaluation.......... something not lost on mid east oil exporters demanding more for their stuff.....they ain't stupid.... the only thing holding gold back is Central Bank dumping when the price approaches $700
bollocks http://www.elitetrader.com/vb/showthread.php?s=&postid=1122055&highlight=petroeuros#post1122055
Great post, excellent read. The end of a super power status is being reached. Its like the game hang man, give enough rope and the man will hang himself. It's all about positioning, those who are creating policy are benefiting at the expense of many. Motives of power and greed. China, with over trillion in reserves, and the EURO positioned well for influx of funds and to benefit from the changes in a global economy, doesn't look or sit well with Congress Fat Cats.