The Davos Dumpling Gang
As most know I am not a big conspiracy proponent. They are too hard, consequences are indeterminate and history shows they seldom work well in the modern age. But in a moment of indulgence lets say there is one afoot globally. The actors? Well there are the usual ones — Council of Foreign Relations, Davos conference, United Nations, even The Masons. For simplicity lets pick the Davos confab.
If Davos is a conspiracy it is a very oddly shaped one. Membership is over represented by Western interests. Which is sort of odd, because most of the lineages of the conspiracy folks is an attempted economic downbeat of the Western countries. So other than a few currency traders like Soros few if any would benefit from such a precept. (Were he alive, imagine Steve Jobs willingly wishing Apple be busted in a currency devaluation.)
No friends, if there is a move afoot to debase Western interests it is exactly those countries under represented at Davos. I turn your attention to the BRIC countries (Brazil, Russia, India, China). China has been instrumental and very open to shifting to an alternate global exchange base other than the USD. Not much of a conspiracy when you have an open declaration of intent. Individually each of these countries seem to be following a pattern — Buy Gold. China has been buying regularly for several years. Indian citizens has a long tradition of purchasing gold. Russia has just made a huge gold buy. Little reported in the press, Brazil has nearly doubled its gold reserves.
But even here the BRIC’s are not in shall we say open revolt in a currency war against the US. They know they don’t have to be. They just keep their eyes on Congress and know we are doing it to ourselves, openly. All they have to do is wait till the rest of the world no longer wants the USD, then politely announce they are a valid alternative for world trade. The markets will switch in a matter of hours. On day zero the USD was a global reserve currency, day one it is not.
If that be conspiracy it is one for the history books as it is in plain sight and will work.
Just in case anyone is bored — Argentina past and current, America’s future