Forex capital markets

The Foreign Exchange market, also known as the “Forex” market, is the largest financial market on earth, boasting a daily average turnover of roughly $2.1 trillion (US). The term ‘Foreign Exchange’ simply refers to the simultaneous buying of one currency and selling of another. Financial currencies are measured on a floating exchange rate and are typically traded in pairs, such as Euro/Yen or Dollar/Euro. Foreign Exchange trading is not centralized on any one exchange like the stock and futures markets. Instead, the Forex market is considered an Over the Counter (OTC) or ‘Interbank’ market, since transactions are carried out between two parties using the telephone or an electronic network.

Unlike any other financial market, Forex investors can react to currency fluctuations caused by economic, social and political events in real time. Forex is truly a 24-hour financial marketplace. Forex trading starts every day in Sydney, and circles the globe as the business day begins in various financial centers, such as Tokyo, London, and New York. Day or night, the Forex market is open and somewhere in the world, trades are taking place.

Source: Lucror Foreign Exchange

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Yep and that was the beginning of the

2004-12-11 11:44:48 by near-retirement

Federal Reserve System which is a PRIVATE organization.
"Mr. Chairman, when the Fed was passed, the people of these United States did not perceive that a world system was being set up here which would make the savings of the American school teacher available to a narcotic drug vendor in Acapulco. They did not perceive that these United States was to be lowered to the position of a coolie country which has nothing but raw material and heart, that Russia was destined to supply the man power and that this country was to supply the financial power to an "international superstate". A superstate controlled by international bankers, and international industrialists acting together to enslave the world for their own pleasure.
"The people of these United States are being...

Red herrings from space

2003-02-10 22:41:36 by joebobslob

Gold was relegalized for domestic posession in 1972, not 1976. the us still has the world's largest proportion of its reserves dedicated to gold (around 90 billion dollars worth). a variety of nations still hold a quarter trillion dollars worth of national gold underneath the new york fed. the degree to which that gold has been leased or sold to private financial interests is a subject of great conjecture. the united kingdom is probably feeling pretty silly right now for selling all of that gold last year at $280. the dollars they probably have exchanged it for have decreased in value markedly since, while the value of gold has increased substantially.
if i was more familiar with the space program, i'm sure other inaccuracies would be just as easy to spot.
is your theory...

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