FX Traders Commence Global Competitive Currency Deflation Starting First With The Emerging Markets

Yumi Teso of Bloomberg reports Baht Set for Worst Monthly Fall in Almost 10 Years on Protest:. Thailand’s baht is set for its biggest monthly slide since March 2001 on speculation global funds will trim holdings as nationalists block a Bangkok street to pressure the government in a border dispute with Cambodia. The currency dropped to its weakest level since September after overseas investors sold $81 million more Thai stocks than they bought last week, taking this month’s net sales to $904 million, according to exchange data. Political turmoil in Egypt also weighed on the baht, spurring investor appetite for safe-haven assets such as the dollar.

The 3.2% fall in Thailand, THD, on Friday January 28, 2011 together with the ongoing fall in the optimized carry ETN, ICI, beginning in early November 2010, documents that one cannot profit from investing long in stocks with carry trade loans from the Bank Of Japan. The world has entered into a debt deflationary, Ben Bernanke inflation induced, competitive currency devaluation era, where bond vigilantes have seized control of the US 30 Year Government Bond Interest Rate, $TYX, the US 10 Year Note Interest Rate, $TNX, as well as world government bond interest rates, flattening the 30 10 US Sovereign Debt Yield Curve, $TYX:$TNX; and where currency traders are conducting a global currency war with sovereign nation states and their central banks for control of the world’s people and resources.

An epic investment and economic sea change has started: the Emerging Market Small Caps, EWX, are leading the way down in a debt deflationary sell-off at the hands of the currency traders, as is seen in the chart of EWX, VSS, and EEM.

One of the most successful world small cap investments beginning with the recovery from the financial crisis has been Focus Media Holding Ltd, FMCN, as seen in the chart of FMCN, EWX, and HAO.

The chart of FMCN shows that the 2.3% fall on Friday January 28, 2011, occurred in the middle of a broadening top pattern that goes back to October 4, 2011: this suggests further falling will now commence.

The ongoing chart of EWX, SCIF, BRF, HAO, LATM, SKOR, and TWON suggests that the India Small Caps, BRF, and the Brazil Small Caps, BRF, are the emerging market loss leaders.

The Brazil Financials, BRAF, are pulling Brazil Small Caps, BRF, down, as is seen in the combined chart of BRAF, BRF, EPI, and SCIF. The chart gives credence to the concept that the Emerging Market Financials, EMFN, are at the epicenter of an emerging market meltdown, as these entered an Elliott Wave 3 down on January 1, 2011, and entered an Elliott Wave 3 of 3 Down on January 28, 2011.

As the result of a failed US Treasury Auction, or other major incident, Götterdämmerung, a world-wide investment flame out, is about to occur.

All of this was foretold in Bible prophecy by the Apostle John writing in Revelation 1:1,  as he wrote of those things which must shortly come to pass, meaning, that when they first start to occur, they fall in place like lined-up dominoes collapsing one upon another.

In Revelation 13:1-2, John describes the Beast System rising from waves of political and economic turmoil in sea of humanity. Through the process of globalization, central bank easing, and carry trade investing and disinvesting, Leaders’ Announcements of Framework Agreements and Seigniorage Bailout Agreements, the Beast’s strength grows by the day.

Revelation 13:3, foretells of a soon coming apparent fatal wound to the world’s economic and political systems. Yet out of this Götterdämmerung, or investment “flame out”, a leader, Revelation 13:5-10, and a banker, Revelation 13:11-18, will rise to establish order.

The banker will be the Seignior, an Old English word meaning top dog banker who takes a cut, will ascend to provide credit and moneyness. 

Open Europe relates:”German Professor Markus Kerber is the initiator of a lawsuit at the German Constitutional Court against the bailouts of Greece and Ireland and that  full write up of the event can be found here. The Professor expressed some profound criticism of the European Central Bank’s policy to buy up government bonds on the secundary market – bluntly calling it “illegal” along with the bail-out package itself. He predicted that “the euro will fail, it’s better to face that”.” 

But,  according to bible prophecy, the Sovereign’s and the Seignior’s word, will and way will be the law of the land; these will supercede constitutional law and traditional rule of law that comes with national sovereignty.

Christian Believers Assembly in article The Stunning Revival of the New Roman Empire, writes: Ireland, Greece, Spain and Portugal has just seen the murder of their democracy and rights as a country as EU budget and commission has imposed stringent economic and fiscal rules over their country bypassing the laws of the countries. As it played out, we have seen how the EU parliament has imposed strict budget rules over a sovereign country, Ireland which will be forever be in debt to European, United Kingdom and IMF leaders.   

Perhaps Herman Van Rompuy will rise to be The Sovereign of Revelation 13:5-10,  as  the Afteramerica website relates that he has called for global governance: nation states are dead … The EU chief relates the belief that countries can stand alone, is a ‘lie and an illusion!’

Perhaps Tony Blair, because of his business connections, will rise to be The Seignior of Revelation 13:11-18 … Or perhaps the Seignior will be Olli Rehn, one known for calling for calm as related by Ambrose Evans Pritchard in article Telegraph article Greek Rescue Frays as Irish Crisis Drags On … Or perhaps the Seignior will be Jean-Claude Trichet as the ECB leader has received the Charlemagne Prize.

All seigniorage will come and go through The Seignior: all sovereign wealth funds, and banks will report to him, as there will be unified regulation of banking globally as referred to, in the James Politi and Gillian Tett Financial Times article, NY Fed Chief Timothy Geithner In Push For Global Bank Framework.

Soon there will be no national seigniorage anywhere as sovereign debt interest rates will explode to the point where there will be no buyers. This is already the case for Portugal, Italy, Ireland, Greece and Spain, as they have lost their debt sovereignty, that is their seigniorage authority Their fiscal needs are now provided for by the ECB which buys their bond issues, as well as debt from their banks. The ECB is the sole lender to these nations. Currently the ECB is The European Seignior.

Sovereign nations and their constitutions will be history, as principles of global governance working through regional economic and security pacts and leaders’ agreements will serve as the basis for regional currencies or a global currency.

The Seignior’s financial and economic power will complement the military and political power of the Sovereign; and between the two they own the world “lock, stock and barrel”.

After Götterdämmerung strikes, Bible prophecy foretells in Revelation 13:4, that this apparent wound to fiscal seigniorage and credit seigniorage will be healed, and that the people will be amazed and follow after the beast, meaning that people will give allegiance to global governance, as all vestiges of national sovereignty is swept away. The people of Ireland as well of all those in the Eurozone will be giving commitment to European economic governance where fiscal sovereignty comes from Brussels or other major political center.

Anarcho Capitalists and all other Libertarians are soon going to learn who and what is Sovereign. I do not suffer from any libertarian misperceptions of the truth, as I am not a free individual. I am a love servant, that is a bond servant, of the Lord Jesus Christ.

Over the years, I have asked myself who, just who, were those who participated in the American Revolution? I was told that it was Libertarians and Christians. Today, I’ve come to discern the truth in that most important question: It was no Christians, but rather Libertarians, together with Free Masons, that is the Illuminati, who participated in the American Revolution, as each had firm conviction as to what the future would hold. Once united in common action, they now stand diametrically opposed. And it was all God’s doing to bring us to sovereign crisis. And I say all is glory, praise and honor to the Sovereign Lord of the Universe, the Lamb Slain before the foundation of the world, Revelation 13:8


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