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By Monty Guild & Tony Danaher, on April 30th, 2009
China has many geopolitical interests and wants to be the world’s pre-eminent super power. Their thinking is long term, which contrasts markedly with the short term, short sighted, politically expedient thinking found in the Europe/Japan/U.S. axis. China continues to set itself up to be the world’s greatest economic power in twenty years. Here is how we believe they will do it.
China is a gold buyer and holder, giving their currency a strength not shared by other nations. They are moving toward more bilateral trade agreements. They have signed six recently where the Chinese Yuan was the medium of . . .
Continue Reading: CHINA: ECONOMIC, POLITICAL AND MILITARY POWER
By Monty Guild & Tony Danaher, on April 20th, 2009
A VERY IMPORTANT EVENT IS TAKING PLACE
We believe that it demonstrates conclusively that CHINA AND INDIA ARE WISE.
This weekend, the intelligent and alert Ron Silverton sent me an important article which was posted in the Indian newspaper the Financial Chronicle on April 15th, 2009. The article is summarized in its first sentence: “India and China may press for the sale of the entire gold reserves of the International Monetary Fund (IMF) to raise money for the least developed countries.”
According to the article, “The IMF holds 103.4 million ounces (3,217 tonnes) of gold that, if sold, can . . .
Continue Reading: CHINA AND INDIA ARE WISE
By Monty Guild & Tony Danaher, on April 7th, 2009
THE WORLD ECONOMY IS WEAK AND GETTING WEAKER, BUT LET US FOCUS ON THE POSITIVE IN THIS MEMO. IN SOME AREAS, IMPROVEMENTS ARE TAKING PLACE.
LAST WEEK WAS THE G-20 MEETING
The primary new event was the creation of 250 billion dollars from nothing via Special Drawing Rights (SDR’s), 250 billion dollars in all. These SDR’s can be used as reserves by the countries that are granted this fantasy money. Over 30 percent, about 85 billion dollars, of this fantasy money is meant for the emerging world. This is enough to keep optimism increasing in developing world.
OTHER MAIN . . .
Continue Reading: IN SOME AREAS, IMPROVEMENTS ARE TAKING PLACE
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