1. China, India, the MidEast, and Russia were bit players or non-existent financial entities until the 1990′s. India proved today that it is a major player in the gold market by single-handedly blasting the players who have been holding down the gold price for years. China, for all of its internal problems, is now the big kid on the block. Russia can crush Europe without firing a shot. All they have to do is to turn a few valves on various pipelines, and Europe grinds to a halt in the dead of winter. I don’t think that any of these guys will quietly kneel down to an English-speaking world government. They want to make their own voices heard and accumulate as much power as possible.
2. We have already had a one-world currency: the soon-to-falter dollar. The Bretton Woods agreements after WWII basically set up the dollar as a gold-equivalent, but Nixon crapped on that parade when he slammed the gold window shut on Charles DeGaulle’s bony fingers. What we are seeing now is not the birth of a new one-world currency, but rather the death of a faded fiat currency whose handlers are intent on inflating it away in order to retain their elusive power for a few more weeks or days. If there is to be a new one-world currency, it will have a nice shiny yellow color. Most central banks have now stopped selling gold and are intent on restocking their gold stores. No other fiat currency can fill the dollar void, and I don’t believe that anyone will take seriously any new fiat currency that is issued without a solid gold backing. Fiat is so 20th century.
3. We have already had a one-world government: the wishes and demands of the United States. Everywhere we go, we insist on setting up naval or airforce bases, essentially occupying every country in the world except for a handful. When the Chinese invade Africa or South America, they build schools and hospitals and offer to trade in the local currency. The paradigm has shifted, and the old world government is on the way out. The new regime will be diversified, not centralized. The League of Nations and the United Nations were earlier attempts at centralized one-world government, and both organizations failed to hold up their ends of the bargain.
4. The climate change treaty due to be signed next month has been viewed by some to be the harbinger of a new world government, but look at the countries who have refused to sign it: China and India. How is any world organization going to force those two countries to succumb to such assinine demands? How do you force China to do anything it refused to do? Nobody has any leverage whatsoever over them. They may have a tiny economy when compared to the United States, but they have so much inertia that, to move them in any direction is akin to moving an aircraft carrier with a rowboat: ain’t gonna happen, no matter how much we "hope" we can "change" them. How can you have a one-world government when 25 percent of the population brushes off the new Powerz-dat-be?
5. Will the good folks in the Great Republic of Texas, or our "friend", Hugo Chavez, or the North Korean nutjob even consider for one second the possibility of submitting to some out-there one-world government? I think not. With so much dissention, not to mention outright snubbing, how can any centralized government succeed?
My conclusion is that we have already experienced a one-government, one-currency system, and it is now falling apart, leaving the way clear for a myriad of local sovereign governments to come to the fore. Gold is the once and future universal currency, and, unfortunately for us, the United States will lose its top-dog status. "
Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, the market is just too random and unless risk is controlled over time your account will slowly get wiped out, regardless how good a “trader” you think you are.
