If it was a war (1960's), America lost after Vietnam War and flotation of USD to Gold. The Bretton Wood system disbanded in 1970's meaning the peg was lifted.
Still, America chugs and left the rest of the world behind, economically. So did they lose when they close down Bretton Wood? On Fri, Sep 18, 2009 at 5:37 PM, Elaine Sui <elainesu...@gmail.com> wrote: > *Cold War part II? > > Elaine* > * > * > On Fri, Sep 18, 2009 at 2:22 PM, Cougar Boy <boysngi...@gmail.com> wrote: > >> >> >> >> We already in war. >> >> Just recently China arested rio tinto exec for espionage. >> >> I it's a clear statement that they take this economic turmoil as a war. >> >> Anyway.. Gold will still outpaced stock market.. At least for the next 3-5 >> years >> >> >> On 9/18/09, Elaine Sui <elainesu...@gmail.com> wrote: >> > >> > >> > Thanks for the comments, guys. I'm sorry I really can't disclose my pos >> more >> > than I'm allowed to. >> > >> > Anyway, the US national reserve is 78% gold, while China is 0.9% and >> japan >> > 2%, Indonesia only 3%. So even with the destruction of the dollar value >> (and >> > the rise of gold price), the US (not the dollar) will still be >> considered as >> > safe haven. Most european countries also have above 30%. >> > >> > I have a crazy thinking, that whatever any country do, the westerns will >> > always outsmart everyone. If there's a war, though unlikely, all >> currencies >> > will fall (and all paper assets like stocks, bonds) and the Americans >> are >> > laughing to us while sitting a big pile of gold bullions. >> > >> > They know that many countries are holding foreign currency (USD) as >> their >> > reserves, so the US WILL PRINT AS MUCH MONEY AS THEY CAN, that will >> bring up >> > the inflation, devaluate the USD and pushing the GOLD price up. That >> way, >> > everyone is INDIRECTLY paying for US debts. Obviously, they are not >> stupid. >> > >> > The Chinese are trying to diversify their reserve by buying other >> > commodities inc. gold, but I don't think they can catch up and I don't >> think >> > the US want to sell their gold reserve to anyone as gold is considered >> as >> > the base of the economy. I also read that historically Islam teaching >> > (sharia) considers gold as the true investment, which amazes me. Is this >> > correct? >> > >> > I won't be so surprised if ppl will start talking about Keynesian >> Economy >> > and the Bancor anytime soon. lolz.. >> > >> > Embah sombong sekali tidak mau comment. [?][?] >> > >> > Elaine >> > >> > On Fri, Sep 18, 2009 at 1:22 PM, iching_prediction >> > <iching_predict...@yahoo.com> wrote: >> >> >> >> ob kurang cewenya nih..pada love you seemua >> >> ke el..he..he >> >> >> >> --- In obrolan-bandar@yahoogroups.com, "[ M S ]" <mimpi.sa...@...> >> wrote: >> >> > >> >> > >> >> > Yup, it's heavy, but I hope ur slim and not heavy. >> >> > >> >> > Lop u full baby... >> >> > >> >> > >> >> > >> >> > Sent from my BlackBerry® >> >> > powered by Sinyal Kuat INDOSAT >> >> > >> >> > -----Original Message----- >> >> > From: Elaine Sui <elainesu...@...> >> >> > Date: Thu, 17 Sep 2009 23:08:12 >> >> > To: <obrolan-bandar@yahoogroups.com> >> >> > Subject: [ob] Re: [Night discussion] bonds, currency, and stock >> >> > >> >> > *If you think these topics are too heavy, just be cool and say >> 'Elaine, >> >> > I >> >> > love you'. [?] Happy hari raya! >> >> > >> >> > Elaine** >> >> > * >> >> > On Thu, Sep 17, 2009 at 10:54 PM, Elaine Sui <elainesu...@...> >> wrote: >> >> > >> >> > > *Dear all, would you like to share with me? >> >> > > >> >> > > **#1 About bonds:.. >> >> > > I took big bets on IDR bonds in the past months. If you were on my >> >> > > position >> >> > > where your main task is to PROTECT (instead of GROW) your assets, >> will >> >> > > you >> >> > > take the same strategy? If so, why? I know most of you are stock >> >> > > traders, >> >> > > but please share your opinion, at least from your point of view of >> the >> >> > > monetary condition. >> >> > > >> >> > > #2 About currency:... >> >> > > ID govt must be very careful with intervention to the currency as >> we >> >> > > all >> >> > > know that since they signed up with ACFTA, Indonesia's trade >> surplus >> >> >> >> >> >> >> >> ------------------------------------ >> >> >> >> + + >> >> + + + + + >> >> Mohon saat meREPLY posting, text dari posting lama dihapus >> >> kecuali diperlukan agar CONTEXTnya jelas. >> >> + + + + + >> >> + +Yahoo! Groups Links >> >> >> >> >> >> >> > >> > >> >> >> >
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