It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford

Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin

The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Wednesday, 27 August 2014

http://news.goldseek.com/CliveMaund/1409062080.php   Will the US succeed in breaking Russia to maintain dollar hegemony?...

"We are witness to the greatest struggle of our age – the battle to maintain global dollar hegemony, and with it US economic, military and political dominance of the entire planet – and this struggle is now coming to a head.
Notwithstanding its undeniably great accomplishments of the past hundred years, the relationship of the United States to the rest of the world is parasitic. This is because it creates money and debt instruments out of nothing, requiring virtually no effort, which it then swaps for goods and services with other countries. Because the US dollar is the global reserve currency, it is able to rack up astronomic deficits that would be untenable for any other country. US debts are now at such levels that if the US dollar loses its reserve currency status, the United States economy will implode and it will quickly be reduced to the status of a banana republic – hence the sense of urgency in the face of growing threats."

" A sad irony for the American people is that even though the US has the ability to swap unlimited intrinsically worthless paper for goods and services from the the rest of the world, the infrastructure of the country is crumbling and many Americans already live in poverty on “food stamps”, and even the great US middle class is being squeezed. This is because the elites don’t care about the country or the masses – all they care about is power and the amassing of personal fortunes."
today is 144 trading days from the Feb 3 low

Dax futs

Gann said that angle intersections often mark turning points

Tuesday, 26 August 2014




a doji isolated above the 200 dma ( "Pinnochio bar") Bulls need to regain the moving average


Dax chart from Coolbizone. Watching reaction to  the 200 dma keenly !  I expect this rally to fail between 9500-9600 so if I am wrong and it breaks and holds the 200 dma something else is happening !