tag:blogger.com,1999:blog-7405358.post1484865607691055412..comments2023-10-20T20:56:21.432+08:00Comments on prudent investor newsletters: JGB Watch: Calm markets; Will the Fed Taper tonight? YawnUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7405358.post-59009149674840274922013-06-19T23:24:25.035+08:002013-06-19T23:24:25.035+08:00You mention the Bob Wenzel post, "As Federal ...You mention the Bob Wenzel post, "As Federal Reserve chairman Paul Volcker left the Fed chairmanship in August 1987, the interest rate on the 10 year note climbed from 8.2% to 9.2% between June 1987 and September 1987. This was followed, of course by the October 1987 stock market crash."<br /><br />Well, these days, a sharp rise in the Interest Rate on US Treasury Bond to 2.01%, on May 24, 2013, caused the death of credit, currencies, and money, that is wealth. <br /> <br /><br />Zero Hedge reports 200,000 take to Brazil's streets in largest protest in two decades; this as Bloomberg reports Brazilian currency touches four year low.<br /><br /><br /><br />The death of Liberalism’s credit and currencies is seen in the sharp drop seen in the Google Finance Chart of Aggregate Credit, AGG, together with the Indian Rupe, ICN, the Brazilian Real, BZF, the Australian Dollar, FXA, and the Emerging Market Currencies, CEW. <br /><br />And the death of Liberalism’s money is seen in the ongoing combined Google Finance Chart of World Stocks, VT, and Nation Investment, EFA, in India, INP, Brazil, EWZ, as well as Australia, EWA. <br /><br /><br />Debt deflation, that is currency deflation, has finally come of age, through the failure of the world central bank policies of Global ZIRP and ongoing debt monetization, with the result that Liberalism’s Milton Friedman Free To Choose floating currency Banker regime no longer provides seigniorage of investment choice. <br /><br />Jesus Christ is at the helm of the economy of God, Ephesians, 1:10, terminating the fiat money system and introducing the Beast regime’s diktat money system, which is first being developed through the mandates of Eurozone regional governance. <br /><br />The diktat money system was conceived by Herman van Rompuy acting together with the EU Finance Minsters, in early May 2010 with the provision of Greek Bailout I, as well as the more recent Greek Bailouts II and III, and the Cyprus Bank Bailin.<br /><br />The diktat money system was unleashed onto the entire world by the bond vigilantes calling the Interest Rates on the US Ten Year Note, ^TNX, higher, and the currency carry traders calling the Yen, FXY, higher, on May 24, 2013, inducing investors out of currency carry-trade, yield bearing investments, such as Electric Utilities, XLU, Mortgage REITS, Global Real Estate, DRW, and sending the Emerging Markets, EEM, Emerging market Bonds, EMB, Emerging market Currencies, CEW, such as the Brazilian Real, BZF, and nation investment, EFA, in the country of Brazil, EWZ, tumbling in value, being led lower by its banks BBD, ITUB, BBD, and BSBR<br /><br /><br />With the failure of Liberalism’s fiat money, there be many Angry Byrds, protesting all over the place, as the diktat of sovereign regional nannycrats, replaces democratic national governance.<br /><br />In the Eurozone, the sovereign nannycrats include Klaus Regling, Jeroen Dijsselbloem, and Michel Barnier, and sovereign regional bodies such as the ECB, where governance is based upon the word, will and way of whoever rises, biting, ripping and tearing others apart, to become the top dog leader and top dog banker, to provide diktat schemes, such as bank deposits bailins, additional taxes, privatizations, sale of a country’s central bank’s gold reserves, capital controls, statist public private partnership oversigtht and management of government services as well as the factors of production, and the economy in general, and measures of debt servitude, all with the aim of enforcing austerity. theyenguyhttps://www.blogger.com/profile/08515095308836729043noreply@blogger.com