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The Theory of Currency Relativity (A Continuing Expose’ of Timmy’s Lies)

Courtesy of smartknowledgeu

As a follow up to my latest article in which I exposed Western Central Bankers for blaming foreign entities for domestically produced economic problems, I mentioned a theory of currency relativity. Yes, I do know that I published my original article with a typo in which I stated that US Treasury Secretary accused the Chinese government of fostering a strong yuan instead of a weak yuan. Yes, I deserved the criticism I received for what I admit to be a completely amateurish mistake when I accidentally switched the word “strong” and “weak” throughout my article.

 

However, I often write such articles at the very end of long days very late at night when I have a quick spare moment and admittedly don’t edit my articles as much as I should before printing them online.  That was a big mistake but an innocent one, and yes, I’m human too, so I do make mistakes occasionally like everyone else. However, I quickly corrected the mistake on my blog (I also have since corrected that mistake on sites where I can edit my articles although that mistake still persists on sites that printed the original article and have not amended the article to reflect the corrections). Still, many Westerners don’t want to consider the fact that the Bank of England and the US Federal Reserve are responsible for the economic woes in the UK and the US and used my mistake to illogically use that one stupid glaring error on my part to side with Tim Geithner and blame a “yellow peril” for their own economic struggles. The basis of my argument in that article really was not compromised and remained intact, despite the silliness of that particular oversight.

 

So I return to explain my theory of currency relativity that sufficiently exposes, as frauds and charlatans, Geithner and other Western bankers that have created, as a diversionary tactic to bury the truth, an artificially divisive East-West hostilities among the serfs that inhabit their kingdoms. Below are five currency charts that chart the Chinese yuan, the US dollar, the Japanese yen, the British pound and the Euro against one of the only two real currencies we have today (gold, the other being silver).

 

Fiat currencies versus gold, 3 years

 

The below percentages are the percents each currency has dropped against gold from their respective October 2008 highs.

 

The US dollar                       52.70%

The Pound                           48.53%

The Yuan                             45.75%

The Euro                             44.75%

The Yen                              39.84%

 

As you can see, the rigged Yuan has actually kept its strength against gold better than the rigged US dollar and the rigged British Pound during this same time period. As I stated in my earlier article, of course the Chinese central bank is rigging the yuan, but such an accusation is an oxymoron to begin with, because all Central Bankers in all countries take deliberate steps to rig the strength/weakness of their currencies.  The Euro was hardly stronger than the yuan during the last two years, so why not blame the entire European Union for America’s economic woes, instead of just the Chinese, Mr. Geithner? Or why not blame England for America’s woes because the Bank of England let the pound sterling slide more than the yuan? Despite Mr. Geithner’s attempts to convince the world that the Chinese yuan is insufferably weak compared to the other world’s major currencies, the above charts expose that, well, a fiat currency is a fiat currency is a fiat currency is a fiat currency is a fiat currency.

 

Join the more than 7,373 people that have already watched this gold versus fiat currencies video in just the last six days to understand why gold and silver will continue to rise against ALL fiat currencies in coming years. Are we saying that gold & silver will continue rising without a pullback or correction? Of course not. All probabilities are that there will be a correction between now and the end of November/beginning of December before the gold/silver bull resumes higher and possibly a decent-sized correction. But the long-term gold/silver bull is still definitely intact.

 

Since the US dollar clearly has been the weakest currency against gold, losing an astonishing 52.70% against gold in LESS THAN TWO YEARS, perhaps it’s time you started looking in the mirror, Mr. Geithner, instead of creating imaginary scapegoats for the problems you clearly helped create.

 

About the author: JS Kim is the Chief Investment Strategist for SmartKnowledgeU, an independent investment research and consulting firm dedicated to unearthing investment industry fraud and keeping the retail investor on point. His monthly newsletter, the Crisis Investment Opportunities newsletter, has returned more than 137% since inception in June 2007 to September 2010.

 

 


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