Dear CIGAs,
Today is the height of nonsense for those that understand what is in fact taking place.
The .25 increase in Chinese money costs are symbolic and their use of MOPE.
The following statement by the US Treasury is simply an answer to China’s position that the US is involved in more than benign neglect in the collapse of the dollar rally.
Gold is going to and through $1650. Today is just another day of drama in gold, full of noise and fury signifying nothing whatsoever in terms of the trend.
US Treasury chief Timothy Geithner says America will not engage in dollar devaluation
CIGA Eric
Anyone dressing (and playing the part) as a mindless zombie for Halloween should probably read the following quote. It will help get into character later this month.
"It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity, to [be] competitive," he said. "It is not a viable, feasible strategy."
telegraph.co.uk
Posted by Eric De Groot at 9:39 AM
