Been working, not done

In the middle of researching/writing another big entry on the European Central Counterparty Limited (EuroCCP). Nearly done, but I need another day.

It isn' t much, but for now here is a chart of the Swiss Franc VS the dollar since 1990. The Gold below represents the gold lease rates (higher the lease rate, the more gold is being borrow and sold by bullion banks).

The chart clearly shows how funds from the sale of borrowed gold were used to prop up the dollar during the 1990s. The chart also clearly shows what happened after that gold ran out: a six year dollar rout (2002-2008).

This entry was posted in Currency_Collapse, Euro_Zone, Gold. Bookmark the permalink.

5 Responses to Been working, not done

  1. Sebastian says:

    In Europe we have ECCP, in Russia they had CCCP.

  2. dashxdr says:

    IN SOVIET RUSSIA...

  3. Robert says:

    After buying all European bank's dollars using the euros obtained from naked short selling client assets through EuroCCP netting - the US Fed is now swapping more Euros for Dollars with EU central banks.. presumably so they can do another cycle?

    The Fed said action is being taken "in response to the reemergence of strains in U.S. dollar short-term funding markets in Europe," and to prevent the spread of that strain to other markets and financial centers.

    http://www.google.com/hostednews/ap/article/ALeqM5gerbhqKRSmdV0oDQaupsXjADAdQAD9FJNNGG3

  4. Radovic says:

    A lot of newspapers, so called experts and so on are talking about bad chances for Euro to survive.
    Eric forecasted last year bankrupt of Greece, Spain, Italy, Portugal... and it would make Euro stronger not weaker... So, we can see these two are oposite claims, so I would like to hear Eric's opinion about this, because I think this issue is extremly actual.

    Thank you in advance

  5. Radovic says:

    A lot of newspapers, so called experts and so on are talking about bad chances for Euro to survive.
    Eric forecasted last year bankrupt of Greece, Spain, Italy, Portugal... and it would make Euro stronger not weaker... So, we can see these two are oposite claims, so I would like to hear Eric's opinion about this, because I think this issue is extremly actual.

    Thank you in advance

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