Gold, The Fed, China & Channel News- Part 2

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http://news.bbc.co.uk/2/hi/business/8207174.stm
China reduced its holdings of US government debt by the largest margin in nearly nine years in June, according to data from the US Treasury.

China holds more US government debt than any other country and cut its holdings of US securities by more that 3% in June, said the BBC's Chris Hogg.

Japan and the UK - second and third largest holders of US debt - increased their holdings over the same period.

China's holding of US debt is about 7% higher than at the turn of the year.

http://www.bloomberg.com/apps/news?pid=20601087&sid=ayr30bHgFXQE
Aug. 19 (Bloomberg) -- Gold demand fell to a six-year low in the second quarter as recession curbed buying by jewelers and electronics producers, the World Gold Council said. Central banks were net buyers for the first time since at least 2000.

Global consumption fell 8.6 percent to 719.5 metric tons from a year earlier, the London-based industry group said in a report today. That's the lowest level since the first quarter of 2003. Jewelry demand declined 22 percent and electronics, the biggest industrial use for gold, slid 26 percent.




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[stonerj0e]

you're a great con man , growby !

[Growby10]

@Stoner! Come on man...pass me some of what your smoking b/c maybe in need some of that to understand how you came to that conclusion.

Please elaborate. thanks!

[Bassmarko]

People with a brain and the facts know the system will collapse. The question is how hard they can kick this can down the road. They are using freshly printed dollars to manage as many things in the economy as possible. Fact: there is no such thing as a jobless recovery under the current system. Not when the system is based on 70% consumer activity. The question really is when. I feel Commercial will push us over the edge. That collapse is happening now. Hold onto your shorts.

[Growby10]

@bassmarko- they've been "kicking this can" down the road for a LONG LONG time. Don't underestimate their ability to drag this out much longer than most think. thanks for you comments!

[ChromeClapper]

$2 Trillion higher deficit expected "The Obama administration expects the federal deficit over the next decade to be $2 trillion bigger than previously estimated,"

[Growby10]

@chome- i bet only 1 in a trillion can truelly grasp how large a number is 2,000,000,000,000 is! thanks!

[jonah70757]

Chinese can trust Americans...they cannot trust the Rothschild Cabal running the Fed & Treasury

[Mithan415]

Great video.

I believe some financially strong states should by gold and silver and issue their own currency. They can probably get away with leveraging that paper money by 20 to 1.

[EurekaRecycler]

They own 50% of the US. Did we sell them gold plated platinum? R they pissed?

[fmagalhaes1521]

@Growby10: Thanks for these videos. However, I will have to subscribe and come here since I don't have twitter nor facebook. (I am old fashioned and don't want facebook nor twitter.) :)

[jacobmandley]

Do you think the Euro is going to collapse with the condition of Greece , Italy , Ireland and Spain ?

[arnebril555]

you are a noob !!

[Guillermojperry]

Want gold & silver at a 60% discount? Send me a messsage. I know an awesome broker :)

[romish12]

interested join our forex live chatroom add me to your skype. romish12

i have forex lice chatroom

[strongbadassman]

or maybe you should tune in to the real world, and notice that countries around the world are already trading largely in their own currencies in commodities, and talks heating up on the EURO being the next world currency. If the Dollar index drop to 60 and the fed continues their excessive printing causing inflation, that is a very likely scenario, nothing is too much trouble, when countries around the world are already cutting back on lendings to us.

[mrzack888]

the majority of Forex uses dollar base. I don't see world getting out of dollar anytime soon. too much trouble. when stocks fail, world will always run to dollar for safety. watch dollar index go to high 80s again this fall.

[stonerj0e]

the big picture is volatile . therefore it is a highly inaccurate way to forecast the future given that some things may change and thus altering the big picture . so the solution to this dilemma is by taking time to examine the slightly larger issues one by one and study each one individually while at the same time taking into account the smaller issues . since these issues can all change at any time , it is therefore a waste of time looking at the big picture .

[stonerj0e]

so far , to me , you are just going with what everyone else is saying . why not make new content which cannot be refuted and cannot be denied ? there is a lot of fear and misinformation here on youtube and the internet in general plus many have an agenda . a good example would be the supposed bank holiday on august 24'th . here is the video :

watch?v=MAD3UBY8X6U