Currency War Reality Check – Video P2

I’ve inserted the following video for some light weekend viewing, and strongly encourage anyone receiving blog posts via email – to quickly skip over to the blog to watch it directly. The situation outlined in the video below is not for the faint of heart.


Regardless of how extreme this may be……does it really sound that far fetched?

6 Responses

  1. Dave February 9, 2013 / 11:39 am

    Kong, unbelievable video. Gives food for thought for sure.Its time we all get our heads out of the sand and pay particular attention to people like yourself who obviously have great insight. Keep up the great work. Look forward to your next post.

    • Forex Kong February 9, 2013 / 11:47 am

      Thanks Dave!

      Man you’ve got it. As extreme as this may appear it most certainly provides food for thought. Keeping this “macro stuff” in mind we’ve just got find creative ways to not only retain our own “dollars and sense” – but make more. It is a war zone out there these days…that’s for sure.

  2. schmederling February 9, 2013 / 11:45 am

    Hey -Kong….. that is what I would do If I were China…. I suspect this to be more of a real then some suspect. You can bet they are dumping the dxy hand-over-fist. This notion of COMEX trading by China has been around for a while but it does look to be the most reasonable plan of attach in changing dollars for Gold.

    I’ll be stepping to the sidelines in the not so distant future with some small positions here & there for the next little while. I still have play’s currently running but once these close out – I’ll take a little break and see what happens….

    • Forex Kong February 9, 2013 / 11:53 am

      I hate to say it but – yes exactly. As any nation “should” look to act in the best interest of it’s people, China will also do what’s needed.

      I’ve read that their are several other factors playing into this spanning many many years – such as large stores of Chinese gold housed in America during war times that “may or may not” be returned etc… Obviously alot of this is just speculation but…in my eyes – if we aren’t looking at these kinds of scenarios / possibilities then what? – just sit and trust what we see on the news..or hear from brokers/bankers?

      I hope we’ve learned our lessons there.

      Get this everyone……I’ve also read that in the U.S “sub prime mortage lending” is about to catch wind again – can you believe it?

      I can.

      • schmederling February 9, 2013 / 2:09 pm

        Yup – the sub-prime came out early last week, they are providing 100% free loans again…. WOW was the first thing that came to mind. After further thinking it makes sense – re-inflate the bubble again for one last final BIG smack-down. It’s another pump & dump – the final nail in the casket in my opinion.

        What I will be looking at once completely out is how to take advantage of this – I was not in the markets in 2008 so was not able to profit on the down-side. This time however I will be looking to correctly position my PF.

        Go to the WGC World Gold Council site – China backing currency with gold – I think they are creditable from what I can see.

        • Forex Kong February 9, 2013 / 2:31 pm

          Im positive that’s what is happening with China’s accumulation of gold – and was (oddly) called “nuts” at numerous other financial blogs – now suggesting gold manipulation / China etc as the fundamental reasons for their masssive losses – gotta love it.

          I can assure you – we will be taking advantage of via currencies no question in that…..much like corks on an ocean – as one goes up another moves down etc – there is always a trade, and when things get really “rocky” out there – some biiiiiiig waves are coming.

          Regardless of how things play out, and with emotions well on the side lines – I expect it to be very profitable.

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