Global depression countermeasures .
China penalizes currency speculators by imposing a 20% bank
reserve requirement against futures trading .
This is a market based requirement and IMO will probably be effective
within China but how do they propose to inhibit currency speculators
operating outside China ?
Source article here .
All paper is a short position on gold . “Gold is money. Everything else is credit.”
“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )
‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche
Last edited by Ross; 09-01-2015 at 09:10 AM.