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I'm sure you know how much "catching up" one has to do if one's "education" was obtained in US schools-your lessons are much appreciated, but may I ask the teacher to give us a review of two areas you mention often: Japanese Carry Trade, and Forex? I have a general impression, but as you continue to stress their importance, I fear I won't pass your final exam on these topics. Thanks,



Instant result... (the twin deficits are going to explode soon. Then the real problem will rear its head. This is a little too predictable.)


The yuan fell 0.24 percent to 6.8588 per dollar in the five days ended Aug. 8, near a six-week low. It dropped 0.34 percent the week before, the most since China scrapped the currency's peg to the dollar in July 2005. The People's Bank of China has kept the yuan little changed since June, after gains of 4.1 percent in the first quarter and 2.3 percent in the second.

U.S. Treasury Secretary Henry Paulson, writing this month on the Web site of Foreign Affairs magazine, said yuan strengthening still has ``much further to go.'' Of the advance since the peg ended, Paulson said 70 percent has come about since he initiated semiannual economic talks with China in 2006.

Global Slowdown

China is reining in yuan appreciation to help exporters weather a global slowdown and deter so-called hot money, speculative funds attracted by anticipated gains in the currency. The yuan recovered from earlier losses today after a government report showed export growth unexpectedly gathered pace in July and the trade surplus widened for the first time in four months.


The currency game is easy. They are in a race to the bottom, to see who can destroy their currencies purchasing power 1st.LOL. Thats the orderly decline that they want. The US mangled the dollar, now the EU can mangle the euro, the Japs have already mangled the yen. Its such a joke. Since 71 were all speculators to some degree, because THEIR IS NO STABILITY!!! Even Gold is screwed by this, and fluctuates violently.

Elaine Meinel Supkis

Yes, when there is no Libra to regulate and balance things, all things fall apart. This rising chaos increases risk which increases wealth which makes money off of risk. But this also DESTROYS wealth via either asset value destruction or inflation of commodities.

We are once again, trying to inflate assets. This WILL FAIL.


Elaine, does any of this have to do with the end-time predictions that the Russian army will storm into Israel and somehow magically vanish into thin air (thermo-nuke vaporization?) on their way there?

When you study the map of Iran and think about the Georgia action, you can see where they would roll.



Someone else with the same, insane, thought.


"On the 5th of August, days before the attack on South Ossetia, in my article “The Good and the Bad and the Truly Ugly”, I quoted an interesting prophecy from Nostradamus, Quatrain X.74 which reads "The year of the great seventh number accomplished, it will appear at the time of the games of slaughter, not far from the age of the great millennium, when the dead will come out of their graves." This could refer to the Seven Year Tribulation, which could well be the time from 9/11/01 to 9/11/08, at the time of the Olympic Games, not far from the age of the great millennium (the beginning of the Third Millennium in 2000/2001), and Armageddon (when many dead saints are suppose to "come out of their graves"). It is interesting that the dates of the 9/11 and 7/7 attacks and now the 8/8/8 attack all have occult meanings."

Elaine Meinel Supkis

Yes, they love magic numbers. This is why the US didn't tell Israel to stop bombing civilians in Lebanon for 33 days. By the way, there is nothing more hypocritical as the US fuming about Russia bombing for less than a week.

Then there is the whole bomb, bomb, bomb Iran business....


"I take rather a bit of hubristic pride..."

YOU!? No WAY!!!

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