RE:RE:tHOUGHTS ON apemakeless you make no sense. If something hasn't happened yet that isn't proof that it won't happen. That is logic at its poorest. Clearly if something hasn't happened time has to pass before it will. Time is a requirement for all things to pass. Do I really need to state that? I guess so.
Another thing. Tapering is not guaranteed. EVERYONE was expecting tapering at the last Fed meeting. It was almost 100% priced in. Didn't happen. But now you say it will happen in 2014? We'll see but I don't think so.
One last thing; we are closer to monetary reformation than people think. Why people struggle is they think that China wants to be the SOLE reserve currency. I don't believe that to be true. The SDR can server this function. Nation states have been working with the SDR since the 60's. This could very easily be used to serve as the exchange rate for the world and NOT ONE NATION needs to scrap their currencies. Have you read Jim Rickards' "Currency Wars"?
China held a Currency Summit recently that received little fanfare. I wrote about it back in March.
Here are some examples of topics covered:
- Analysis of the failures of national currencies used as world currencies
- The problem of gold reserves vs. zero reserve currency risks
- Transition from national and regional currencies to a world currency
- Scenarios with the staged introduction of the global currency "G"
- The election of a (UN) global currency control board
- Administering the world currency system, implementation time schedule
Doesn't sound very unilateral does it? Having an opinion is one thing. Having an INFORMED opinion is another.