Super Currency – A multiCurrency basket the solution to our current crisis?
Super Currency – A multiCurrency basket the solution to our current crisis?
What currency will have the strongest potential in the short and long terms?
There are several trends in the currency market, which signals that the Norwegian Kroner (NOK) has a potential to be the stronger currency in the short to medium term (18-24 months time).
As the economic downturn ripples globally, the economic development during 2009 becomes a hot debate in the U.S and EU. It will become clearer which currency of USD and EUR will become the global currency leader, or if both will be replaced by other currencies in the mid to long term perspective. IMF;s Special Drawing Rights (SDR) has become a topic of discussions whether it will play a stronger role as global reserve unit, and replace USD.
At the moment there seems to be some appetite to purchase USD debt which can be realized in 24 + months time span, and give strength to other currencies, like Chinese and Japanese currencies. We have to look closer into who is purchasing this debt and what is the potential for these to realize some profit from these assets in medium to long term perspective.
G20 leaders have made clear that for now the dollar’s status as the dominant reserve unit remains, but the idea of creating a new reserve currency system based on SDRs has not entirely been discarded. The SDR (Special Drawing Rights) of International Monetary Fund (IMF) has a set of currencies in its basket, which makes it another measure for currency. There has been discussions lately to include more currencies into the SDR basket, however at the moment IMF has not been willing to make any adjustments to the SDR composition. It has also been discussed to use Gold more actively into the SDR. Again IMF together with G20 has not yet adopted any statement on this issue either.
More effective use of gold and gold and forex reserves in this system, could dilute the SDR, which IMF is afraid of at the moment.
The trends of various currencies versus the Norwegian Kroner (NOK) have had a distinct development through 2008 up till March 2009. These trends have been offset in time during 2008, however it seems like the trends have become more synchronized as time has passed, and today it looks like these trends are identical.
The overall picture is that the NOK has strengthened itself towards two major currencies like USD and EUR in the period of August 2008 up till today. This strengthening has seem to found a semi-stable level at the moment, which
Foreign Currency Trading: the Joy of Getting Rich From Foreign Currency or Forex Trading
Foreign Currency Trading: the Joy of Getting Rich From Foreign Currency or Forex Trading
Foreign currency trading is the most profitable and powerful way to make money today in the world.
It is a 2.5 trillion dollars daily global market and business.
For this reason the knowledge and the secrets of how to do it successfully have been kept away from the public for thousands of years.
This is because it is the jealously guarded “SECRET” of how the “Money and Power” Elites, the multi-national and multi-billion dollars corporations, largest banks and governments of the world, the “Movers & Shakers” of International Banking & Finance, Business moguls & Tycoons, CEOs of major Corporations, secret societies and the privileged blue bloodlines of the Wealthiest Families of Europe and the Americas make their money and get rich.
They create vast fortunes easily trading foreign currencies.
Thereafter, using this great wealth, they create factories to manufacture consumer goods and products and hire you, Joe Bloke to work in those factories, banks and jobs at minimum wages.
So, it is no wonder why they don’t want you to know about the REAL TRUTH and “SECRET” on how to generate great wealth through foreign currency trading.
If you know how to trade foreign currency and generate 0,000 monthly for life, will you be idiotic, naïve and crazy to go to work at these DEAD END jobs to earn minimum wages and be paid nickels and dimes?
So, there has been a persistent organized campaign by the powers that be, the Money Elite to KEEP AWAY AND HIDE these “SECRETS” of creating vast wealth from foreign currency trading.
That is why they are always floating false propaganda and negative campaign in the mass media that currency trading is risky and you should not do it because you’ll lose all your money.
If you go to your bank manager or money management advisor or investment management company and tell them that you wish to make money at home from online currency trading, they will scream at you and try to discourage you and frighten you with the false information and half truth that it is risky and that you’ll lose your money.
This is because it is THE SECRET with which they make money and get rich!
Citibank alone makes billion dollars trading currencies yearly.
Most banks,
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