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![]() | (Hey everyone, this is the SECOND half of the Finale, you can find the first half here)The Dollar EndgameTrue monetary collapses are hard to grasp for many in the West who have not experienced extreme inflation. The ever increasing money printing seems strange, alien even. Why must money supply grow exponentially? Why did the Reichsbank continue printing even as hyperinflation took hold in Germany?What is not understood well are the hidden feedback loops that dwell under the surface of the economy. The Dragon of Inflation, once awoken, is near impossible to tame. It all begins with a country walking itself into a situation of severe fiscal mismanagement- this could be the Roman Empire of the early 300s, or the German Empire in 1916, or America in the 1980s- 2020s. The State, fighting a war, promoting a welfare state, or combating an economic downturn, loads itself with debt burdens too heavy for it to bear. This might even create temporary illusions of wealth and prosperity. The immediate results are not felt. But the trap is laid. Over the next few years and even decades, the debt continues to grow. The government programs and spending set up during an emergency are almost impossible to shut down. Politicians are distracted with the issues of the day, and concerns about a borrowing binge take the backseat. The debt loads begin to reach a critical mass, almost always just as a political upheaval unfolds. Murphy’s Law comes into effect. Next comes a crisis. This could be Visigoth tribesmen attacking the border posts in the North, making incursions into Roman lands. Or it could be the Assassination of Archduke Franz Ferdinand in Sarajevo, kicking off a chain of events causing the onset of World War 1. Or it could be a global pandemic, shutting down 30% of GDP overnight. Politicians respond as they always had- mass government mobilization, both in the real and financial sense, to address the issue. Promising that their solutions will remedy the problem, a push begins for massive government spending to “solve” economic woes. They go to fundraise debt to finance the Treasury. But this time is different. Very few, if any, investors bid. Now they are faced with a difficult question- how to make up for the deficit between the Treasury’s income and its massive projected expenditure. Who’s going to buy the bonds? With few or no legitimate buyers for their debt, they turn to their only other option- the printing press. Whatever the manner, new money is created and enters the supply. This time is different. Due to the flood of new liquidity entering the system, widespread inflation occurs. Confounded, the politicians blame everyone and everything BUT the printing as the cause. Bonds begin to sell off, which causes interest rates to rise. With rates suppressed so low for so long, trillions of dollars of leverage has built up in the system. No one wants to hold fixed income instruments yielding 1% when inflation is soaring above 8%. It's a guaranteed losing trade. As more and more investors run for the exits in the bond markets, liquidity dries up and volatility spikes. The MOVE index, a measure of bond market volatility, begins climbing to levels not seen since the 2008 Financial Crisis. MOVE Index Sovereign bond market liquidity begins to evaporate. Weak links in the system, overleveraged several times on government debt, such as the UK’s pension funds, begin to implode. The banks and Treasury itself will not survive true deflation- in the US, Yellen is already getting so antsy that she just asked major banks if Treasury should buy back their bonds to “ensure liquidity”! As yields rise, government borrowing costs spike and their ability to roll their debt becomes extremely impaired. Overleveraged speculators in housing, equity and bond markets begin to liquidate positions and a full blown deleveraging event emerges. True deflation in a macro environment as indebted as ours would mean rates soaring well above 15-20%, and a collapse in money market funds, equities, bonds, and worst of all, a certain Treasury default as federal tax receipts decline and deficits rise. A run on the banks would ensue. Without the Fed printing, the major banks, (which have a 0% capital reserve requirement since 3/15/20), would quickly be drained. Insolvency is not the issue here- liquidity is; and without cash reserves a freezing of the interbank credit and repo markets would quickly ensue. For those who don’t think this is possible, Tim Geitner, NY Fed President during the 2008 Crisis, stated that in the aftermath of Lehman Brothers’ bankruptcy, we were “We were a few days away from the ATMs not working” (start video at 46:07). As inflation rips higher, the $24T Treasury market, and the $15.5T Corporate bond markets selloff hard. Soon they enter freefall as forced liquidations wipe leverage out of the system. Similar to 2008, credit markets begin to freeze up. Thousands of “zombie corporations”, firms held together only with razor thin margins and huge amounts of near zero yielding debt, begin to default. One study by a Deutsche analyst puts the figure at 25% of companies in the S&P 500. The Central Banks respond to the crisis as they always have- coming to the rescue with the money printer, like the Bank of England did when they restarted QE, or how the Bank of Japan began “emergency bond buying operations”. But this time is massive. They have to print more than ever before as the ENTIRE DEBT BASED FINANCIAL SYSTEM UNWINDS. QE Infinity begins. Trillions of Treasuries, MBS, Corporate bonds, and Bond ETFs are bought up. The only manner in which to prevent the bubble from imploding is by overwhelming the system with freshly printed cash. Everything is no-limit bid. The tsunami of new money floods into the system and a face ripping rally begins in every major asset class. This is the beginning of the melt-up phase. The Federal Reserve, within a few months, goes from owning 30% of the Treasury market, to 70% or more. The Bank of Japan is already at 70% ownership of certain JGB issuances, and some bonds haven’t traded for a record number of days in an active market! The Central Banks EAT the bond market. The “Lender of Last Resort” becomes “The Lender of Only Resort”. Another step towards hyperinflation. The Dragon crawls out of his lair. QE Process Now the majority or even entirety of the new bond issuances from the Treasury are bought with printed money. Money supply must increase in tandem with federal deficits, fueling further inflation as more new money floods into the system. The Fed’s liquidity hose is now directly plugged into the veins of the real economy. The heroin of free money now flows in ever increasing amounts towards Main Street. The same face-ripping rise seen in equities in 2020 and 2021 is now mirrored in the markets for goods and services. Prices for Food, gas, housing, computers, cars, healthcare, travel, and more explode higher. This sets off several feedback loops- the first of which is the wage-price spiral. As the prices of everything rise, real disposable income falls. Massive strikes and turnover ensues. Workers refuse to labor for wages that are not keeping up with their expenses. After much consternation, firms are forced to raise wages or see large scale work stoppages. Wage-Price Spiral These higher wages now mean the firm has higher costs, and thus must charge higher prices for goods. This repeats ad infinitum. The next feedback loop is monetary velocity- the number of times one dollar is spent to buy goods and services per unit of time. If the velocity of money is increasing, then more transactions are occurring between individuals in an economy. The faster the dollar turns over, the more items it can bid for- and thus the more prices rise. Money velocity increasing is a key feature of a currency beginning to inflate away. In nations experiencing hyperinflation like Venezuela, where money velocity was purported to be over 7,000 annually- or more than 20 times a DAY. As prices rise steadily, people begin to increase their inflation expectations, which leads to them going out and preemptively buying before the goods become even more expensive. This leads to hoarding and shortages as select items get bought out quickly, and whatever is left is marked up even more. ANOTHER feedback loop. Inflation now soars to 25%. Treasury deficits increase further as the government is forced to spend more to hire and retain workers, and government subsidies are demanded by every corner of the populace as a way to alleviate the price pressures. The government budget increases. Any hope of worker’s pensions or banks buying the new debt is dashed as the interest rates remain well below the rate of inflation, and real wages continue to fall. They thus must borrow more as the entire system unwinds. The Hyperinflationary Feedback loop kicks in, with exponentially increasing borrowing from the Treasury matched by new money supply as the Printer whirrs away. The Dragon begins his fiery assault. Hyperinflationary Feedback Loop As the dollar devalues, other central banks continue printing furiously. This phenomenon of being trapped in a debt spiral is not unique to the United States- virtually every major economy is drowning under excessive credit loads, as the average G7 debt load is 135% of GDP. As the central banks print at different speeds, massive dislocations begin to occur in currency markets. Nations who print faster and with greater debt monetization fall faster than others, but all fiats fall together in unison in real terms. Global trade becomes extremely difficult. Trade invoices, which usually can take several weeks or even months to settle as the item is shipped across the world, go haywire as currencies move 20% or more against each other in short timeframes. Hedging becomes extremely difficult, as vol premiums rise and illiquidity is widespread. Amidst the chaos, a group of nations comes together to decide to use a new monetary media- this could be the Special Drawing Right (SDR), a neutral global reserve currency created by the IMF. It could be a new commodity based money, similar to the old US Dollar pegged to Gold. Or it could be a peer-to-peer decentralized cryptocurrency with a hard supply limit and secure payment channels. Whatever the case- it doesn't really matter. The dollar will begin to lose dominance as the World Reserve Currency as the new one arises. As the old system begins to die, ironically the dollar soars higher on foreign exchange- as there is a $20T global short position on the USD, in the form of leveraged loans, sovereign debt, corporate bonds, and interbank repo agreements. All this dollar debt creates dollar DEMAND, and if the US is not printing fast enough or importing enough to push dollars out to satisfy demand, banks and institutions will rush to the Forex market to dump their local currency in exchange for dollars. This drives DXY up even higher, and then forces more firms to dump local currency to cover dollar debt as the debt becomes more expensive, in a vicious feedback loop. This is called the Dollar Milkshake Theory, posited by Brent Johnson of Santiago Capital. The global Eurodollar Market IS leverage- and as all leverage works, it must be fed with new dollars or risk bankrupting those who owe the debt. The fundamental issue is that this time, it is not banks, hedge funds, or even insurance giants- this is entire countries like Argentina, Vietnam, and Indonesia. The Dollar Milkshake If the Fed does not print to satisfy the demand needed for this Eurodollar market, the Dollar Milkshake will suck almost all global liquidity and capital into the United States, which is a net importer and has largely lost it’s manufacturing base- meanwhile dozens of developing countries and manufacturing firms will go bankrupt and be liquidated, causing a collapse in global supply chains not seen since the Second World War. This would force inflation to rip above 50% as supply of goods collapses. Worse yet, what will the Fed do? ALL their choices now make the situation worse. The Fed's Triple Dilemma Many pundits will retort- “Even if we have to print the entire unfunded liability of the US, $160T, that’s 8 times current M2 Money Supply. So we’d see 700% inflation over two years and then it would be over!” This is a grave misunderstanding of the problem; as the Fed expands money supply and finances Treasury spending, inflation rips higher, forcing the AMOUNT THE TREASURY BORROWS, AND THUS THE AMOUNT THE FED PRINTS in the next fiscal quarter to INCREASE. Thus a 100% increase in money supply can cause a 150% increase in inflation, and on again, and again, ad infinitum. M2 Money Supply increased 41% since March 5th, 2020 and we saw an 18% realized increase in inflation (not CPI, which is manipulated) and a 58% increase in SPY (at the top). This was with the majority of printed money really going into the financial markets, and only stimulus checks and transfer payments flowing into the real economy. Now Federal Deficits are increasing, and in the next easing cycle, the Fed will be buying the majority of Treasury bonds. The next $10T they print, therefore, could cause additional inflation requiring another $15T of printing. This could cause another $25T in money printing; this cycle continues forever, like Weimar Germany discovered. The $200T or so they need to print can easily multiply into the quadrillions by the time we get there. The Inflation Dragon consumes all in his path. Federal Net Outlays are currently around 30% of GDP. Of course, the government has tax receipts that it could use to pay for services, but as prices roar higher, the real value of government tax revenue falls. At the end of the Weimar hyperinflation, tax receipts represented less than 1% of all government spending. This means that without Treasury spending, literally a third of all economic output would cease. The holders of dollar debt begin dumping them en masse for assets with real world utility and value- even simple things such as food and gas. People will be forced to ask themselves- what matters more; the amount of Apple shares they hold or their ability to buy food next month? The option will be clear- and as they sell, massive flows of money will move out of the financial economy and into the real. This begins the final cascade of money into the marketplace which causes the prices of everything to soar higher. The demand for money grows even larger as prices spike, which causes more Treasury spending, which must be financed by new borrowing, which is printed by the Fed. The final doom loop begins, and money supply explodes exponentially. German Hyperinflation Monetary velocity rips higher and eventually pushes inflation into the thousands of percent. Goods begin being re-priced by the day, and then by the hour, as the value of the currency becomes meaningless. A new money, most likely a cryptocurrency such as Bitcoin, gains widespread adoption- becoming the preferred method and eventually the default payment mechanism. The State continues attempting to force the citizens to use their currency- but by now all trust in the money has broken down. The only thing that works is force, but even the police, military and legal system by now have completely lost confidence. The Simulacrum breaks down as the masses begin to realize that the entire financial system, and the very currency that underpins it is a lie- an illusion, propped up via complex derivatives, unsustainable debt loads, and easy money financed by the Central Banks. Similar to Weimar Germany, confidence in the currency finally collapses as the public awakens to a long forgotten truth- There is no supply cap on fiat currency. Conclusion: QE Infinity When asked in 1982 what was the one word that could be used to define the Dollar, Fed Chairman Paul Volcker responded with one word- “Confidence.” All fiat money systems, unmoored from the tethers of hard money, are now adrift in a sea of illusion, of make-believe. The only fundamental props to support it are the trust and network effects of the participants. These are powerful forces, no doubt- and have made it so no fiat currency dies without severe pain inflicted on the masses, most of which are uneducated about the true nature of economics and money. But the Ships of State have wandered into a maelstrom from which there is no return. Currently, total worldwide debt stands at a gargantuan $300 Trillion, equivalent to 356% of global GDP. This means that even at low interest rates, interest expense will be higher than GDP- we can never grow our way out of this trap, as many economists hope. Fiat systems demand ever increasing debt, and ever increasing money printing, until the illusion breaks and the flood of liquidity is finally released into the real economy. Financial and Real economies merge in one final crescendo that dooms the currency to die, as all fiats must. Day by day, hour by hour, the interest accrues. The Debt grows larger. And the Dollar Endgame Approaches. ~~~~~~~~~~~~~~~~ Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that – an opinion or information. Please consult a financial professional if you seek advice. *If you would like to learn more, check out my recommended reading list here. This is a dummy google account, so feel free to share with friends- none of my personal information is attached. You can also check out a Google docs version of my Endgame Series here. ~~~~~~~~~~~~~~ I cleared this message with the mods; IF YOU WOULD LIKE to support me, you can do so my checking out the e-book version of the Dollar Endgame on my twitter profile: https://twitter.com/peruvian_bull/status/1597279560839868417 The paperback version is a work in progress. It's coming. THERE IS NO PRESSURE TO DO SO. THIS IS NOT A MONEY GRAB- the entire series is FREE! The reddit posts start HERE: https://www.reddit.com/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/ and there is a Google Doc version of the ENTIRE SERIES here: https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit?usp=sharing Thank you ALL, and POWER TO THE PLAYERS. GME FOREVER ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ You can follow my Twitter at Peruvian Bull. This is my only account, and I will not ask for financial or personal information. All others are scammers/impersonators. |
![]() | As the Fed begins their journey into a deflationary blizzard, they are beginning to break markets across the globe. As the World Reserve Currency, over 60% of all international trade is done in Dollars, and USDs are the largest Foreign Exchange (Forex) holdings by far for global central banks. Now all foreign currencies are crashing against the Dollar as the vicious feedback loops of Triffin’s Dilemma come home to roost. The Dollar Milkshake has begun. submitted by peruvian_bull to Superstonk [link] [comments] The Fed, knowingly or unknowingly, has walked into this trap- and now they find themselves caught underneath the Sword of Damocles, with no way out… Sword Of Damocles -------------------------- “The famed “sword of Damocles” dates back to an ancient moral parable popularized by the Roman philosopher Cicero in his 45 B.C. book “Tusculan Disputations.” Cicero’s version of the tale centers on Dionysius II, a tyrannical king who once ruled over the Sicilian city of Syracuse during the fourth and fifth centuries B.C. Though rich and powerful, Dionysius was supremely unhappy. His iron-fisted rule had made him many enemies, and he was tormented by fears of assassination—so much so that he slept in a bedchamber surrounded by a moat and only trusted his daughters to shave his beard with a razor. As Cicero tells it, the king’s dissatisfaction came to a head one day after a court flatterer named Damocles showered him with compliments and remarked how blissful his life must be. “Since this life delights you,” an annoyed Dionysius replied, “do you wish to taste it yourself and make a trial of my good fortune?” When Damocles agreed, Dionysius seated him on a golden couch and ordered a host of servants wait on him. He was treated to succulent cuts of meat and lavished with scented perfumes and ointments. Damocles couldn’t believe his luck, but just as he was starting to enjoy the life of a king, he noticed that Dionysius had also hung a razor-sharp sword from the ceiling. It was positioned over Damocles’ head, suspended only by a single strand of horsehair. From then on, the courtier’s fear for his life made it impossible for him to savor the opulence of the feast or enjoy the servants. After casting several nervous glances at the blade dangling above him, he asked to be excused, saying he no longer wished to be so fortunate.” —--------------- Damocles’ story is a cautionary tale of being careful of what you wish for- Those who strive for power often unknowingly create the very systems that lead to their own eventual downfall. The Sword is often used as a metaphor for a looming danger; a hidden trap that can obliterate those unaware of the great risk that hegemony brings. Heavy lies the head which wears the crown. There are several Swords of Damocles hanging over the world today, but the one least understood and least believed until now is Triffin’s Dilemma, which lays the bedrock for the Dollar Milkshake Theory. I’ve already written extensively about Triffin’s Dilemma around a year ago in Part 1.5 and Part 4.3 of my Dollar Endgame Series, but let’s recap again. Here’s a great summary- read both sides of the dilemma: Triffin's Dilemma Summarized (Seriously, stop here and go back and read Part 1.5 and Part 4.3 Do it!)Essentially, Triffin noted that there was a fundamental flaw in the system: by virtue of the fact that the United States is a World Reserve Currency holder, the global financial system has built in GLOBAL demand for Dollars. No other fiat currency has this. How is this demand remedied? With supply of course! The United States thus is forced to run current account deficits - meaning it must send more dollars out into the world than it receives on a net basis. This has several implications, which again, I already outlined- but I will list in summary format below:
Dollar Recycling Essentially, they print their own currency to buy Dollars. Wanting to earn interest on this massive cash hoard when it isn’t being used, they buy Treasuries and other US debt securities to get a yield. As their domestic economy grows, their need and dependence on the Dollar grows as well. Their Central Bank builds up larger and larger hoards of Treasuries and Dollars. The entire thesis is that during times of crisis, they can sell the Treasuries for USD, and use the USDs to buy back their own currency on the market- supporting its value and therefore defending the peg. This buying pressure on USDs and Treasuries confers a massive benefit to the United States- The Exorbitant Privilege This buildup of excess dollars ends up circulating overseas in banks, trade brokers, central banks, governments and companies. These overseas dollars are called the Eurodollar system- a 2016 research paper estimated the size to be around $13.8 Trillion USD. This system is not under official Federal Reserve jurisdiction so it is difficult to get accurate numbers on its size. https://preview.redd.it/92wcmhdb0uq91.png?width=691&format=png&auto=webp&s=20dbaf63f75ff6f2e255fff06e6f48c03170b11b This means the Dollar is always artificially stronger than it should be- and during financial calamity, the dollar is a safe haven as there are guaranteed bidders. All this dollar denominated debt paired with the global need for dollars in trade creates strong and persistent dollar demand. Demand that MUST be satisfied. This creates systemic risk on a worldwide scale- an unforeseen Sword of Damocles that hangs above the global financial system. I’ve been trying to foreshadow this in my Dollar Endgame Series. Triffin’s Dilemma is the basis for the Dollar Milkshake Theory posited by Brent Johnson. The Dollar MilkshakeMilkshake of Liquidity In 2021, Brent worked with RealVision to create a short summary of his thesis- the video can be found here. I should note that Brent has had this theory for years, dating back to 2018, when he first came on podcasts and interviews and laid out his theory (like this video, for example). Here’s the summary below: ----- “A giant milkshake of liquidity has been created by global central banks with the dollar as its key ingredient - but if the dollar moves higher this milkshake will be sucked into the US creating a vicious spiral that could quickly destabilize financial markets. The US dollar is the bedrock of the world's financial system. It greases the wheels of global commerce and exchange- the availability of dollars, cost of dollars, and the level of the dollar itself each can have an outsized impact on economies and investment opportunities. But more important than the absolute level or availability of dollars is the rate of change in the level of the dollar. If the level of the dollar moves too quickly and particularly if the level rises too fast then problems start popping up all over the place (foreign countries begin defaulting). Today however many people are convinced that both the role of the Dollar is diminishing and the level of the dollar will only decline. People think that the US is printing so many dollars that the world will be awash with the greenback causing the value of the dollar to fall. Now it's true that the US is printing a lot of dollars – but other countries are also printing their own currencies in similar amounts so in theory it should even out in terms of value. But the hidden issue is the difference in demand. Remember the global financial system is built on the US dollar which means even if they don't want them everybody still needs them and if you need something you don't really have much choice. (See DXY Index): DXY Index Although many countries like China are trying to reduce their reliance on dollar transactions this will be a very slow transition. In the meantime the risks of a currency or sovereign debt crisis continue to rise. But now countries like China and Japan need dollars to buy copper from Australia so the Chinese and the Japanese owe dollars and Australia is getting paid in dollars. Europe and Asia currently doing very limited amount of non-dollar transactions for oil so they still need dollars to buy oil from saudi and again dollars get hoovered up on both sides Asia and Europe need dollars to buy soybeans from Brazil. This pulls in yet more dollars - everybody needs dollars for trade invoices, central bank currency reserves and servicing massive cross-border dollar denominated debts of governments and corporations outside the USA. And the dollar-denominated debt is key- if they don't service their debts or walk away from their dollar debts their funding costs rise putting great financial pressure on their domestic economies. Not only that, it can lead to a credit contraction and a rapid tightening of dollar supply. The US is happy with the reliance on the greenback they own the settlement system which benefits the US banks who process all the dollars and act as gatekeepers to the Dollar system they police and control the access to the system which benefits the US military machine where defense spending is in excess of any other country so naturally the US benefits from the massive volumes of dollar usage. https://preview.redd.it/yq1f1anq0uq91.png?width=1140&format=png&auto=webp&s=27447e2acec884848a5c70ab3651820e487fc0f3 Other countries have naturally been grumbling about being held hostage to the situation but the choices are limited. What it does mean is that dollars need to be constantly sucked out of the USA because other countries all over the world need them to do business and of course the more people there are who need and want those dollars the more is the pressure on the price of dollars to go up. In fact, global demand is so high that the supply of dollars is just not enough to keep up, even with the US continually printing money. This is why we haven't seen consistently rising US inflation despite so many QE and stimulus programs since the global financial crisis in 2008. But, the real risk comes when other economies start to slow down or when the US starts to grow relative to the other economies. If there is relatively less economic activity elsewhere in the world then there are fewer dollars in global circulation for others to use in their daily business and of course if there are fewer in circulation then the price goes up as people chase that dwindling source of dollars. Which is terrible for countries that are slowing down because just when they are suffering economically they still need to pay for many goods in dollars and they still need to service their debts which of course are often in dollars too. So the vortex begins or as we like to say the dollar milkshake- As the level of the dollar rises the rest of the world needs to print more and more of its own currency to then convert to dollars to pay for goods and to service its dollar debt this means the dollar just keeps on rising in response many countries will be forced to devalue their own currencies so of course the dollar rises again and this puts a huge strain on the global system. (see the charts below:) JPY/USD GBP/USD EUUSD To make matters worse in this environment the US looks like an attractive safe haven so the US ends up sucking in the capital from the rest of the world-the dollar rises again. Pretty soon you have a full-scale sovereign bond and currency crisis. https://preview.redd.it/72nlain01uq91.png?width=1141&format=png&auto=webp&s=cbaa411acc88acb3849949d84a36624d75d6cfc4 We're now into that final napalm run that sees the dollar and dollar assets accelerate even higher and this completely undermines global markets. Central banks try to prevent disorderly moves, but the global markets are bigger and the momentum unstoppable once it takes hold. And that is the risk that very few people see coming but that everyone should have a hedge against - when the US sucks up the dollar milkshake, bad things are going to happen. Worst of all there's no alternatives- what are you going to use-- Chinese Yuan? Japanese Yen? the Euro?? Now, like it or not we're stuck with a dollar underpinning the global financial system.” —------------- Why is it playing out now, in real time?? It all leads back to a tweet I made in a thread on September 16th. Tweet Thread about the Yuan The Fed, rushing to avoid a financial crisis in March 2020, printed trillions. This spurred inflation, which they then swore to fight. Thus they began hiking interest rates on March 16th, and began Quantitative Tightening this summer. QE had stopped- No new dollars were flowing out into a system which has a constant demand for them. Worse yet, they were hiking completely blind- Although the Fed is very far behind the curve, (meaning they are hiking far too late to really combat inflation)- other countries are even farther behind! Japan has rates currently at 0.00- 0.25%, and the Eurozone is at 1.25%. These central banks have barely begun hiking, and some even swear to keep them at the zero-bound. By hiking domestic interest rates above foreign ones, the Fed is incentivizing what are called carry trades. Since there is a spread between the Yen and the Dollar in terms of interest rates, it thus is profitable for traders to borrow in Yen (shorting it essentially) and buy Dollars, which can earn 2.25% interest. The spread would be around 2%. DXY rises, and the Yen falls, in a vicious feedback loop. Thus capital flows out of Japan, and into the US. The US sucks up the Dollar Milkshake, draining global liquidity. As I’ve stated before, this has seriously dangerous implications for the global financial system. For those of you who don’t believe this could be foreseen, check out the ending paragraphs of Dollar Endgame Part 4.3 - “Economic Warfare and the End of Bretton Woods” published February 16, 2022: Triffin's Dilemma is the Final Nail What I’ve been attempting to do in my work is restate Triffins’ Dilemma, and by extension the Dollar Milkshake, in other terms- to come at the issue from different angles. Currently the Fed is not printing money. Which is thus causing havoc in global trade (seen in the currency markets) because not enough dollars are flowing out to satisfy demand. The Fed must therefore restart QE unless it wants to spur a collapse on a global scale. Remember, all these foreign countries NEED to buy, borrow and trade in a currency that THEY CANNOT PRINT! We do not have enough time here to go in depth on the Yen, Yuan, Pound or the Euro- all these currencies have different macro factors and trade factors which affect their currencies to a large degree. But the largest factor by FAR is Triffin’s Dilemma + the Dollar Milkshake, and their desperate need for dollars. That is why basically every fiat currency is collapsing versus the Dollar. The Fed, knowingly or not, is basically in charge of the global financial system. They may shout, “We raise rates in the US to fight inflation, global consequences be damned!!” - But that’s a hell of a lot more difficult to follow when large G7 countries are in the early stages of a full blown currency crisis. The most serious implication is that the Fed is responsible for supplying dollars to everyone. When they raise rates, they trigger a margin call on the entire world. They need to bail them out by supplying them with fresh dollars to stabilize their currencies. In other words, the Fed has to run the loosest and most accommodative monetary policy worldwide- they must keep rates as low as possible, and print as much as possible, in order to keep the global financial system running. If they don’t do that, sovereigns begin to blow up, like Japan did last week and like England did on Wednesday. And if the world’s financial system implodes, they must bail out not only the United States, but virtually every global central bank. This is the Sword of Damocles. The money needed for this would be well in the dozens of trillions. The Dollar Endgame Approaches… —------------------------------------------------------------- Q&A(Many of you have been messaging me with questions, rebuttals or comments. I’ll do my best to answer some of the more poignant ones here.)—-----Q: I’ve been reading your work, you keep saying the dollar is going to fall in value, and be inflated away. Now you’re switching sides and joining the dollar bull faction. Seems like you don’t know what you’re talking about! A: You’re mixing up my statements. When I discuss the dollar losing value, I am referring to it falling in ABSOLUTE value, against goods and services produced in the real economy. This is what is called inflation. I made this call in 2021, and so far, it has proven right as inflation has accelerated. The dollar gaining strength ONLY applies to foreign currency exchange markets (Forex)- remember, DXY, JPYUSD, and other currency pairs are RELATIVE indicators of value. Therefore, both JPY and USD can be falling in real terms (inflation) but if one is falling faster, then that one will lose value relative to the other. Also, Forex markets are correlated with, but not an exact match, for inflation. I attempted to foreshadow the entire dollar bull thesis in the conclusion of Part 1 of the Dollar Endgame, posted well over a year ago- Unraveling of the Currency Markets I did not give an estimate on when this would happen, or how long DXY would be whipsawed upwards, because I truly do not know. I do know that eventually the Fed will likely open up swap lines, flooding the Eurodollar market with fresh greenbacks and easing the dollar short squeeze. Then selling pressure will resume on the dollar. They would only likely do this when things get truly calamitous- and we are on our way towards getting there. The US bond market is currently in dire straits, which matches the prediction of spiking interest rates. The 2yr Treasury is at 4.1%, it was at 3.9% just a few days ago. Only a matter of time until the selloff gets worse. —------ Q: Foreign Central banks can find a way out. They can just use their reserves to buy back their own currency. Sure, they can try that. It’ll work for a while- but what happens once they run out of reserves, which basically always happens? I can’t think of a time in financial history that a country has been able to defend a currency peg against a sustained attack. Global Forex Reserves They’ll run out of bullets, like they always do, and basically the only option left will be to hike interest rates, to attract capital to flow back into their country. But how will they do that with global debt to GDP at 356%? If all these countries do that, they will cause a global depression on a scale never seen before. Britain, for example, has a bit over $100B of reserves. That provides maybe a few months of cover in the Forex markets until they’re done. Furthermore, you are ignoring another vicious feedback loop. When the foreign banks sell US Treasuries, this drives up yields in the US, which makes even more capital flow to the US! This weakens their currency even further. FX Feedback Loop To add insult to injury, this increases US Treasury borrowing costs, which means even if the Fed completely ignores the global economy imploding, the US will pay much more in interest. We will reach insolvency even faster than anyone believes. The 2yr Treasury bond is above 4%- with $31T of debt, that means when we refinance we will pay $1.24 Trillion in interest alone. Who's going to buy that debt? The only entity with a balance sheet large enough to absorb that is the Fed. Restarting QE in 3...2…1… —---- Q: I live in England. With the Pound collapsing, what can I do? What will happen from here? How will the governments respond? England, and Europe in general, is in serious trouble. You guys are currently facing a severe energy crisis stemming from Russia cutting off Nord Stream 1 in early September and now with Nord Stream 2 offline due to a mysterious leak, energy supplies will be even more tight. Not to mention, you have a pretty high debt to GDP at 95%. Britain is a net importer, and is still running government deficits of £15.8 billion (recorded in Q1 2022). Basically, you guys are the United States without your own large scale energy and defense sector, and without Empire status and a World Reserve Currency that you once had. The Pound will almost certainly continue falling against the Dollar. The Bank of England panicked on Wednesday in reaction to a $100M margin call on British pension funds, and now has begun buying long dated (10yr) gilts, or government bonds. They’re doing this as inflation is spiking there even worse than the US, and the nation faces a currency crisis as the Pound is nearing parity with the Dollar. BOE announces bond-buying scheme (9/28/22) I will not sugarcoat it, things will get rough. You need to hold cash, make sure your job, business, or investments are secure (ie you have cashflow) and hunker down. Eliminate any unnecessary purchases. If you can, buy USDs as they will likely continue to rise and will hold value better than your own currency. If Parliament goes through with more tax cuts, that will only make the fiscal situation worse and result in more borrowing, and thus more money printing in the end. —---- Q: What does this mean for Gamestop? For the domestic US economy? Gamestop will continue to operate as I am sure they have been- investing in growth and expanding their Web3 platform. Fiat is fundamentally broken. This much is clear- we need a new financial system not based on flawed 16th fractional banking principles or “trust me bro” financial intermediaries. My hope is that they are at the forefront of a new financial system which does not require centralized authorities or custodians- one where you truly own your assets, and debasement is impossible. I haven’t really written about GME extensively because it’s been covered so well by others, and I don’t feel I have that much to add. As for the US economy, we are still in a deep recession, no matter what the politicians say- and it will get worse. But our economic troubles, at least in the short term (6 months) will not be as severe as the rest of the world due to the aforementioned Dollar Milkshake. The debt crisis is still looming, midterms are approaching, and the government continues to deficit spend as if there’s no tomorrow. As the global monetary system unravels, yields will spike, the deleveraging will get worse, and our dollar will get stronger. The fundamental factors continue to deteriorate. I’ve covered the US enough so I'll leave it there. —------ Q: Did you know about the Dollar Milkshake Theory before recently? What did you think of it? Of course I knew about it, I’ve been following Brent Johnson since he appeared on RealVision and Macrovoices. He laid out the entire theory in 2018 in a long form interview here. I listened to it maybe a couple times, and at the time I thought he was right- I just didn’t know how right he was. Brent and I have followed each other and been chatting a little on Twitter- his handle is SantiagoAuFund, I highly recommend you give him a follow. Twitter Chat I’ve never met him in person, but from what I can see, his predictions are more accurate than almost anyone else in finance. Again, all credit to him- he truly understands the global monetary system on a fundamental level. I believed him when he said the dollar would rally- but the speed and strength of the rally has surprised me. I’ve heard him predict DXY could go to 150, mirroring the massive DXY squeeze post the 1970s stagflation. He could very easily be right- and the absolute chaos this would mean for global trade and finance are unfathomable. History of DXY —---------- Q: The Pound and Euro are falling just because of the energy crisis there. That's it! Why is the Yen falling then? How about the Yuan? Those countries are not currently undergoing an energy crisis. Let’s review the year to date performance of most fiat currencies vs the dollar: Japanese Yen: -20.31% Chinese Yuan: -10.79% South African Rand: -10.95% English Pound: -18.18% Euro: -14.01% Swiss Franc: -6.89% South Korean Won: -16.73% Indian Rupee: -8.60% Turkish Lira: -27.95% There are only a handful of currencies positive against the dollar, the most notable being the Russian Ruble and the Brazilian Real- two countries which have massive commodity resources and are strong exporters. In an inflationary environment, hard assets do best, so this is no surprise. —------ Q: What can the average person do to prepare? What are you doing? Obligatory this is NOT financial advice This is an extremely difficult question, as there are so many factors. You need to ask yourself, what is your financial situation like? How much disposable income do you have? What things could you cut back on? I can’t give you specific ideas without knowing your situation. Personally, I am building up savings and cutting down on expenses. I’m getting ready for a severe recession/depression in the US and trying to find ways to increase my income, maybe a side hustle or switching jobs. I am holding my GME and not selling- I still have some shares in Fidelity that I need to DRS (I know, sorry, I was procrastinating). For the next few months, I believe there will be accelerating deflation as interest rates spike and the debt cycle begins to unwind. But like I’ve stated before, this will lead us towards a second Great Depression very rapidly, and to avoid the deflationary blizzard the Fed will restart QE on a scale never seen before. QE Infinity. This will be the impetus for even worse inflation- 25%+ by this time next year. It’s hard to prepare for this, and easy to feel hopeless. It’s important to know that we have been through monetary crises before, and society did not devolve into a zombie apocalypse. You are not alone, and we will get through this together. It’s also important to note that we are holding the most lopsided investment opportunity of a generation. Any money you put in there can be grown by orders of magnitude. We are at the end of the Central Bankers game- and although it will be painful, we will rid the world of them, I believe, and build a new financial system based on blockchains which will disintermediate the institutions. They have everything to lose. —------ Q: I want to learn more, where can I do? What can I do to keep up to date with everything? You can start by reading books, listening to podcasts, and checking the news to stay abreast of developments. I have a book list linked at the end of the Dollar Endgame posts. I’ll be covering the central bank clown show on Twitter, you can follow me there if you like. I’ll also include links to some of my favorite macro people below:
—------------------- Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. |
![]() | This review was first published on BrokerCheck submitted by Broker_Check to broker [link] [comments] Mitrade was founded in Melbourne in 2018 and has grown to a global player with more than 1.2 million users worldwide. Today, Mitrade offers over 10 languages and operates 4 offices. Due to its exceptional services, Mitrade won more than 8 awards in 2022 alone and also a BrokerCheck Award. Mitrade is regulated by several authorities including ASIC, CIMA & FSC.
The most important facts about MitradeWhat we liked about MitradeMost traders will have positive experiences with Mitrade due to their solid trading infrastructure. Trades are being executed instantly in less than 0.1 second
What we disliked about MitradeLike every time, we try to highlight negative aspects about every broker that we review as well. For Mitrade, it is probably that they do not offer thousands of trading instruments. You will not find every possible exotic stock at Mitrade. Similarly, if you are an advanced trader, who already trades with several brokers, you will maybe miss MetaTrader as an available trading platform. Traders that want to hold positions for quite a while, will miss CFD-futures without swap fees. US traders can’t trade with Mitrade.
Comparison Mitrade vs. average BrokerThe fees are simple at Mitrade. There are generally no commissions or any other charges
The overnight interest rates at Mitrade are favourable, as the calculation of the swap fee is only based on the leverage provided and not the entire value of the position. Which trading assets are available at MitradeMitrade offers over 420 different trading instruments. Traders can choose from popular FX pairs like GBP/USD or USD/CAD, or even more exotic options like GBP/DKK or EUTRY. US & Australian stocks are available as well.Among the available instruments are:
Mitrade Experiences & Trading ConditionsOverall, our Mitrade experiences are positive. Their top-notch proprietary trading platform offers everything every beginner or advanced trader desires. Before placing any trade, you can choose the leverage, including the option to trade without any leverage at all.Mitrade Trading App Traders receive up-to-date market insights, trade analytics, sentiment data and risk management tools to improve their trading results. The minimum deposit to start trading with a live account is quite low. Depending on the country, you only need about $50 to $200 to start trading. The order execution of Mitrade is extremely fast, and most orders are executed under 0.1 seconds. As info for experienced traders, scalping is not allowed, but hedging is. There is no guaranteed stop loss feature, but all accounts are negative balance protected. Spreads are usually below average, which is good for heavy traders. But like with every broker, you should pay attention to the spreads because in volatile markets or at times when liquidity is thin, spreads could get bigger. The proprietary trading platform is very modern and clear and offers especially for trading beginners an easy entry into the world of trading. Advanced traders will also quickly become familiar with the platform. Only professionals, with their own automated trading software, will not be able to use it if it's running on MetaTrader, as neither MT4 nor MT5 is currently available at Mitrade. Mitrade won the BrokerCheck ‘Best Trading Platform’ AwardDue to the exceptional proprietary trading platform of Mitrade, we decided to give Mitrade an award. If you never tried the platform yourself, we can only invite you to test it on a free and risk-free demo account. Mitrade Award 'Best Trading Platform' Available Trading Software and Platform at MitradeMitrade has developed a standalone trading platform for web, desktop and mobile. In our experience, it is intuitive for most advanced traders and yet beginner-friendly.Mitrade has gathered more than 1.2million users for its platforms and thus ironed out problems. You can download the android app or apple version for free, or check out their webtrader. Mitrade Trading Platform In addition, the Webtrader sorts in categories such as stocks, Forex, indices, cryptocurrencies and commodities. Mitrade’s trading software provides a broad variety of technical indicators despite its simplicity, allowing traders to utilize the platform for advanced technical analysis. The chart is fully customizable. Open positions or orders can be easily managed. Both the Stop Loss (close on loss) and the Take Profit (close on profit) can be adjusted to manage your risks. Traders who are looking for new trading ideas or markets can use the provided analysis from trading central. You will find trading ideas or strategies for stocks, currencies and commodities. Especially with stocks, highly volatile trading opportunities can be discovered quickly. Available Accounts at MitradeMitrade only offers a single live account type. There are no tiers for higher deposits, which is a huge plus in our opinion. The Order Execution is instant and your account type is STP. Mitrade does not charge any inactivity fees or similar hidden fees. Traders who wish to try Mitrade first can do so in a free demo account. If you do not verify your account information, your trial account will run out after 30 days.Client funds are safe with Mitrade.
Deposits and withdrawals at MitradeMitrade does not charge any fees for deposits or withdrawals. All fees incurred by you when transferring money to and from your account are charged by your bank or payment provider.The following payment methods are available at Mitrade.
How is the service at MitradeThe service of Mitrade is good. Support is available 24/5. So, you can also reach someone at 4 am, which is critical for some traders.Among the contact possibilities are:
Is Mitrade regulated and secure?Mitrade is a reputable broker that is being regulated by multiple official entities. These include CIMA, ASIC, FSCMitrade is a brand jointly used by multiple companies, and it operates through the following companies:
Summary: Review of MitradeThe vast majority of traders will have positive experiences with Mitrade. Due to the modern trading platform, both beginners and advanced traders are in good hands with Mitrade. Once the trading academy launches, beginner traders will be able to improve their trading results dramatically.Highlight's of Mitrade
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![]() | **updated everything to me MTD -- last update 10/11/22 @ 1pm PST submitted by National-Tangelo-17 to Daytrading [link] [comments] Add more charts to display the PnL for each day and the total Dashboard - October Performance for October has skyrocketed right out of the gate, the only thing I am following are my trade balances, no matter what price does...if it's not near my balance area, no trade will take place and I am very patient to wait. My style is a momentum trend trader. I do not do any mean reversion trades as most. I use Balance levels based on time as all trend start at balance. I do write a weekly and daily plan in a free substack: Trade Plans...Hope it helps people out This is trading strictly Futures: NQ, ES, RTY, YM, MNQ, MES, MYM, M2K -- zero stock/forex/crypto trades here! Sine I was asked about what the trading journal I am using...its this Trading Journal This will give you 15% off your first month or yearly I think...hope that helps too + free trail from them too.....enjoy :) This is direct on their site : "Invite other traders to join TradesViz to get discounts on your subscription! For every user who signs up using your unique link and buys a pro subscription, you get 15% off your next subscription bill and your referral gets a 15% discount on their first subscription plan bill!" Since I received a bunch of question about Balance, one thing to note. It is NOT based on TPO (Market Profile) or Volume Profile, none of that is considered. It is modeled after the Overnight drift, which was written by the FED in NY: Here is the link Overnight Drift I figured out a way to use their data and their time to create a balance based on time, nothing to do with what people are assuming in the comments by talking about the basic stuff of Volume Profile or TPO's Calendar View MFE & MAE Charts Trades for 10/2 Trades for 10/3 Trades for 10/4 Trades for 10/5 Trades for 10/6 Trades for 10/7 Trades for 10/9 Trades for 10/10 Trades for 10/11 Trade I took and just went to sleep -- stop was above balance as that level is good till 9am (pst) -- woke up and closed the trade and proceeded to trade a bit more --- see all the stats a above. |
![]() | 📷 submitted by National-Tangelo-17 to FuturesTrading [link] [comments] Dashboard Performance for October has skyrocketed right out of the gate, the only thing I am following are my trade balances, no matter what price does...if it's not near my balance area, no trade will take place and I am very patient to wait. My style is a momentum trend trader. I do not do any mean reversion trades as most. I use Balance levels based on time as all trend start at balance. I do write a weekly and daily plan in a free substack: Trade Plans...Hope it helps people out This is trading strictly Futures: NQ, ES, RTY, YM, MNQ, MES, MYM, M2K -- zero stock/forex/crypto trades here! Sine I was asked on other threads about what the trading journal I am using...its this Trading Journal This will give you 15% off your first month or yearly I think...hope that helps too + free trail from them too.....enjoy :) This is direct on their site : "Invite other traders to join TradesViz to get discounts on your subscription! For every user who signs up using your unique link and buys a pro subscription, you get 15% off your next subscription bill and your referral gets a 15% discount on their first subscription plan bill!" Calendar View MFE & MAE Charts Trades for 10/2 Trades for 10/3 Trades for 10/4 Trades for 10/5 Trades for 10/6 Trades for 10/7 Trade I took and just went to sleep -- stop was above balance as that level is good till 9am (pst) -- woke up and closed the trade and proceeded to trade a bit more --- see all the stats a above. |
![]() | Ingresar al comercio de Forex, es sin dudas una oportunidad de ganar dinero, a través de la compra y venta de monedas, esto quiere decir de pares de divisas. submitted by Wikifxes to u/Wikifxes [link] [comments] En este mercado de Forex muchos clientes deciden invertir todos sus ahorros a esperar a ganar dinero, a través de la compra y venta de monedas. Pero siempre es necesario tener conocimientos previos para crear una estrategia y poder elegir en qué par de divisa invertir, y saber el tiempo exacto de cuándo comprar y cuándo poder vender a partir de la mejor estrategia de inversión. En WikiFX puedes encontrar el perfil del bróker a consultar, además de la puntuación, puede encontrar información acerca de la regulación, las ultimas noticias y comentarios de otros usuarios. https://preview.redd.it/zjwn5i6lt9r91.png?width=534&format=png&auto=webp&s=f93b993bdfa244520c31233d8933e4f169d68c6a WikiFX brinda a los usuarios realizar exposiciones cuando han sido estafados o cuando tienen problemas con los brókers. En este caso se puede observar como un usuario hace mención de que no le dejan retirar su dinero. https://preview.redd.it/tzdgev1nt9r91.png?width=539&format=png&auto=webp&s=3c73a41aa89158059eb0b3b26ea69bc0d44d1c1f Información General y Regulación El comercio en lo que respecta al hierro se estableció en 2019, afirma ser propiedad y se encuentra administrado por Rosco Solutions Ltd en Kingstown, San Vicente y las Granadinas. Esta información es proporcionada por Triafor Solutions Ltd ubicada en Nicosia, Chipre. Iron Trade. En lo que respecta a servicios financieros de este sitio web, no se encuentra disponibles para aquellos residentes de los siguientes países: EE. UU., Canadá, Espacio Económico Europeo, Australia, Liberia, Pakistán, Japón, Israel, Nueva Zelanda, Rusia, Suiza, Corea del Norte, Puerto Rico, Sudán, Irán, Siria, entre otros. Instrumento de Mercado IronTrade actualmente brinda hasta 31 activos financieros de opciones para el comercio en binarias, incluidos 20 pares de forex, EUUSD, USD/RUB, EUCHF, GBP/JPY, 4 criptomonedas: Bitcoin, Litecoin, Ethereum y Ripple, 4 Índice: UK100, AUS200, JP225, DE30, 3 materias primas: oro, plata y petróleo WTI. Eso sí, no revela el tipo de algoritmo que utiliza su software. Por lo que la compañía espera proporcionar servicios de comercio automatizado. Sin embargo, debemos tener cuidado de no terminar comprando instrumentos comerciales incorrectos. Cuentas Trading Disponibles Para los Traders que generalmente buscan flexibilidad en sus operaciones de trading, spread del mercado de intercambio de forex, que también cuente con comisiones bajas y montos fijos. Podremos considerar, un mínimo en el par de EUUSD de 0,2, con una comisión de 5 dólares para cada 100.000 negociados. La cuenta de Mt5, que funciona como plataforma para los activos de forex.com, donde brinda gráficos actualizados, herramientas, indicadores, comprobador de estrategias, calendario económico, entre otros. Leer más... |
![]() | Top FasaPay Forex Brokers In Malaysiahttps://preview.redd.it/uh6ve8endzm91.png?width=2240&format=png&auto=webp&s=c6126d98b654b5066ad1926f45782481602fcf7a FasaPay Forex Brokers Use Fasapay Which Is An Online Payment Service That Is On Offer By A Wide Range Of Forex Brokerage Firm Worldwide. Fasapay Come With No Known Fees Associated And Investors Can Deposit Or Top Up Their Fasapay Account Via Bank Transfer. Fasapay OverviewFasaPay Is A Trading Name Of Fasa Centra Solutions Ltd, An Electronic Payment Company Based In Kuala Lumpur, Malaysia. Founded In 2011, The Company Is A Globally Recognized And Trusted Payment Method, Used By 500,000+ Members And Over 390 Merchants Across 222 Countries. This Includes Online Trading Brokers And Aspiring Investors.The System Allows Users To Make Instant Money Transfers Online Without The Need To Process The Payment Manually. Once Users Have Registered, They Are Free To Top-up Via Bank Transfer. Accounts Are Issued In USD And IDR And The Brand Uses A List Of Partner Exchanger Platforms Such As EPay. 1. IC Markets - Trusted Forex Broker In MalaysiaAbout IC MarketsIC Markets Is A Market-Leading Online Retail Trading Platform That Offers Trading Instruments, Including Currencies, Stocks, Commodities, Futures, Bonds, And Digital Assets. IC Markets Offers Its Clients Cutting-edge Trading Platforms, Low-latency Connectivity, And Superior Liquidity.Is IC Markets A Good Broker ?IC Markets Is A Good Broker For Investors Who Want To Run Automated Trading Strategies On Metatrader And Ctrader Platforms. Ic Markets Provides Social Copy Trading Platforms And A Growing Selection Of Research And Educational Materials And Offers Competitive Pricing.Is My Money Safe With IC Markets ?IC Markets Is Regulated In Australia, Cyprus, The Bahamas, And Seychelles; The Degree Of Safety Of Your Funds Will Depend On Which Entity Holds Your Funds.IC Markets Was Founded In 2007, And Factors Such As Its Years Of Operation And Scope Of Regulatory Licenses Should Be Taken Into Consideration When Choosing A Broker. Going With A Broker That Is Well-capitalized Also Reduces Your Potential Counterparty Risk. What Is The Minimum Deposit For IC Markets ?The Minimum Deposit At IC Markets Starts At $200 To Open A Live Account.Is IC Markets Safe ?IC Markets Is Considered Safe Because It Is Regulated By The Top-tier Asic. Disclaimer: Cfds Are Complex Instruments And Come With A High Risk Of Losing Money Rapidly Due To Leverage. 74.32% Of Retail Investor Accounts Lose Money When Trading Cfds With This Provider.Read Review 2. Deriv.com — Premium Forex Broker In MalaysiaAbout Deriv.ComDeriv.Com Is A New Broker Platform Developed And Backed By Binary.com. Offering CFDs, Binary Options And Forex, The New Platform Delivers Trading Via A Web-based Platform (DTrader), An MT5 Platform (DMT5) An Automated Trading System Called DBOT And The New Platform — Deriv X.Is Deriv.Com Good Broker ?Deriv.Com Has Won Many Awards As A Global Broker. There Are Over 100 Assets And Have Very Well-Developed Platforms That Also Offer Binary Options And Forex Brokerage. They Are Live 24/7. It Gives The Traders To Choose From Three Different Trading Platforms.Is My Money Safe With Deriv.Com ?Traders Looking Into Deriv.Com As A Potential Broker For Their Trading Activities Could Be Satisfied As It Is Quite Trustworthy. 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Fx Choice — Popular Forex Broker In MalaysiaAbout Fx ChoiceFxChoice Is A Reliable Electronic Communication Network (ECN) Broker And Was Developed In 2010 To Provide Retail Investors From Different Corners Of The Globe With Effective Trading Conditions And Competitive Fee Structure With A Wide Variety Of Markets Such As Commodities, Stocks, Indices, Shares, Cryptocurrency, Metals, Energies, Forex And CFD Trading.Is Fx Choice A Good Broker ?FxChoice Limited Is A Great Option For A Forex Trading Broker Since It Has An Excellent Record For Offering Spread Betting, Forex Trading, And Share Dealing. It Has Been Successfully Functioning In This Industry For The Past 13 Years And Is Regulated By The International Finances Services Commission Belize. 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The Choice Of Account Types Will Also Suits Varying Trading Styles And Capital Needs.Is My Money Safe With IronFX ?IronFx Maintains Segregated Client Accounts To Ensure That Client Funds Are Fully Separated From IronFx’s Own Funds At All Times. Each Client Account Has A Unique Code To Ensure That It Is Used Solely For Client Funding Purposes. All Client Funds Deposited At IronFx Are Completely Segregated In Accordance With Strict Policies And Procedures. Clients Can Be Assured That Their Funds Are Safe.What is the Minimum Deposit For IronFX ?The Minimum Deposit At IronFx Is $100.IronFX Security ?IronFX Uses Standard Security Features To Keep Client’s Personal Information Secure, Including Website Encryption. The MT4 Trading Platform Uses Metatrader’s One-Time Password. Security Could Be Bolstered Through The Use Of Dual-Factor Platform Authentication.Read Review 6. FXOpen — Top Forex Broker In MalaysiaAbout FxOpenFxOpen Company Is One Of The World’s Leading Forex Brokers. Its Popularity Has Been Gained Through The Honest And Attentive Attitude To Each Client. Join FxOpen Traders Family And Enjoy Trading In Comfortable ConditionsIs FxOpen Good Broker ?FxOpen Is A Good Ecn Broker Providing A Competitive Trading Environment With Multiple Platforms For Active Traders. Although Education Resources Are Fairly Limited, The Low Spreads And Commissions, As Well As A Strong Track Record Make It An Attractive Option, Particularly For High Volume Traders.Is My Money Safe With FxOpen ?Any Payments Funded To FxOpen Accounts By Traders Are Held In A Segregated Bank Account.What is the Minimum Deposit For FxOpen ?The Minimum Deposit For FxOpen Is $1Is FxOpen Safe ?FxOpen Are Considered Safe As They Are Regulated By And Checked For Conduct By The Financial Conduct Authority (FCA, Australian Securities And Investments Commission (ASIC). Any Payments Funded To Fx Open Accounts By Traders Are Held In A Segregated Bank Account. For Added Security FxOpen Use Tier-1 Banks For This. Tier 1 Is The Official Measure Of A Banks Financial Health And Strength.Read Review 7. Go Markets- Holistic Forex Broker In MalaysiaAbout Go MarketsGo Markets Has Low Forex Fees And Favourable Non-Trading Fees. The Account Opening Process Is Fast And Fully Digital. The Broker Offers Great Educational Tools Including Forex Courses. On The Flip Side, The Product Portfolio At Go Markets Is Limited As The Broker Mainly Offers Forex And Cfds.Is Go Markets Good Broker ?Go Markets Is Overseen By The Top Tier Financial Regulators Australian Securities And Investments Commission (ASIC) So Can Be Considered A Good Broker. Go Markets Allows Forex Trading, CFDs Trading, And Binary Options Trading.Is My Money Safe With Go Markets ?Go Markets Is Regulated By The Australian Securities And Investments Commission (ASIC). One Of The Most Important Criteria For Traders When Choosing A Broker Like Go Markets Is The Regulatory Body And Regulatory Status Of The Broker. Brokers Who Conduct Business Without Regulation Do So At Their Own Discretion And Pose A Direct Risk To The Security Of Their Client’s Money.What is the Minimum Deposit For Go Markets ?The Minimum Deposit To Trade With Go Markets Is 1.Is Go Markets Safe ?Go Markets Are Considered Safe As They Are Regulated By And Checked For Conduct By The Australian Securities And Investments Commission (Asic). Any Payments Funded To Go Markets Accounts By Traders Are Held In A Segregated Bank Account. For Added Security Go Markets Use Tier-1 Banks For This. Tier 1 Is The Official Measure Of A Banks Financial Health And Strength.Read Review 8. Easy Markets — Best Forex Broker In MalaysiaAbout Easy MarketsEasy Markets Is A Platform Which Allows Users To Trade Cfds On Commodities, Forex, Shares, Indices And Cryptocurrency.Is Easy Markets a Good Broker?Easy Markets Is Considered Average-risk, With An Overall Trust Score Of 84 Out Of 99. Easy Markets Is Not Publicly Traded And Does Not Operate A Bank. Easymarkets Is Authorised By One Tier-1 Regulator (High Trust), One Tier-2 Regulator (Average Trust), And One Tier-3 Regulators (Low Trust).Is My Money Safe With Easy Markets ?The Safety Of Funds Is The Biggest Concern For Investors When Trading Online. The Legitimacy Of Easy Markets Ensures Transparent And Secure Trading In Various Ways. Here, We Would Like To Mention That Easy Markets’ Commitment To Comply With International Regulatory Rules Assures The Safety Of Customer Deposits. With Reimbursement Schemes, Investors Need Not Worry About Their Money In Case The Broker Becomes Insolvent.What is the Minimum Deposit For Easy Markets ?The Minimum Deposit At Easymarkets Is $25 For Standard AccountsIs Easy Markets Safe ?Easy Markets Is Considered Average-risk, With An Overall Trust Score Of 84 Out Of 99. Easymarkets Is Not Publicly Traded And Does Not Operate A Bank.Read Review 9. FP Markets — All-Round Daily Forex Broker In MalaysiaAbout FP MarketsFP Markets Is An International Forex Broker Offering The Mt4, Mt5 And Iress Trading Platforms, Along With Raw Spreads And High Leverage. This Review Covers Everything From Fees And Minimum Deposits To Account Registration And Live Chat Support. Find Out Whether You Should Start Trading With Fp Markets.Is FP Markets A Good Broker ?FP Markets Offers Traders A Competitive Commission-Based Cost Structure, Quality Trading Tools, Deep Liquidity, And Fast Order Execution. Therefore, Fp Markets Ranks Among The Leading Brokers Industry Wide.Is My Money Safe With FP Markets ?FP Markets Protects The Funds Of Its Clients By Keeping Them In Separate Accounts At Tier-1 Banks. Clients From Countries Compliant With The Australian Securities And Investments Commission (ASIC Countries) Can Trade Safely With This Broker.What Is The Minimum Deposit For FP Markets ?The Minimum Deposit For FP Markets Is $100.Is FP Markets Safe ?FPp Markets Is Considered Safe Because It Has A Long Track Record And Is Regulated By The Top-Tier Asic. Disclaimer: CFDs Are Complex Instruments And Come With A High Risk Of Losing Money Rapidly Due To Leverage. 75.31% Of Retail Investor Accounts Lose Money When Trading CFDs With This Provider.Read Review 10. BlackBull Markets — Cheapest Forex Broker In MalaysiaAbout BlackBull MarketsBlackBull Markets Is An Award-winning New Zealand Broker. We Were Founded In 2014 With The Goal Of Becoming The Leading Online Financial Technology And Foreign Exchange Broker.Is BlackBull Markets Good Broker ?BlackBull Markets Is A Global Forex Broker Founded In 2014. The Company Is Regulated By The Financial Markets Authority Of New Zealand (FMA) And The Financial Services Authority Of Seychelles (FSA). Blackbull Markets Is Considered Safe Because It’s Regulated By The Top-tier Fma Of New Zealand.BlackBull Markets Security ?All Transmitted Data On The Platforms At BlackBull Markets Is Encrypted Via A Secure SSL Connection. All Client Transactions Are Also Managed Within The Secure Client Portal.What is the Minimum Deposit For BlackBull Markets ?The Minimum Deposit At BlackBull Markets Is $2,000Is BlackBull Markets Safe ?BlackBull Markets Are Considered Safe As They Are Regulated By And Checked For Conduct By The Financial Services Providers Register (FSPR). Any Payments Funded To BlackBull Markets Accounts By Traders Are Held In A Segregated Bank Account. For Added Security BlackBull Markets Use Tier-1 Banks For This. Tier 1 Is The Official Measure Of A Banks Financial Health And Strength.Read Review |
![]() | Tìm hiểu về thông tin sàn Dex InvestingSàn chứng khoán quốc tế Dex Investing được đăng ký tại Saint Vincent và Grenadines. là một công ty trách nhiệm hữu hạn đã đăng ký, số 1344 LLC 2021. Điều này có nghĩa là Dex Investing được cấp phép và quản lý bởi Cơ quan Dịch vụ Tài chính FSA. FSA được biết đến là một trong những lựa chọn thay thế công bằng và minh bạch. Cung cấp cho nhà đầu tư thông tin đầy đủ về doanh nghiệp, công ty. Ngoài ra, phát triển các kế hoạch, chính sách và mục tiêu để duy trì kỷ luật công ty. Theo quy định của FSA, các sàn giao dịch đầu tư Dex Investing phải tuân theo các quy định sau:
https://preview.redd.it/85jcqzqq0e5a1.jpg?width=661&format=pjpg&auto=webp&s=81b5edb4ede319b73000fc99e1632d185dcc325e Dex Investing có giấy phép gì?Dưới sự giám sát của các cơ quan quản lý toàn cầu, chúng tôi là nhà môi giới lý tưởng nơi bạn có thể hoàn toàn tin tưởng, ổn định và phát triển. Đầu tư qua DeFi không chỉ có khả năng xử lý đơn hàng nhanh chóng mà còn cung cấp tính thanh khoản ở cấp độ ngân hàng và có dịch vụ khách hàng 24/7. Kết quả là, khách hàng của chúng tôi có thể tham gia vào thị trường thực tế với tốc độ và hiệu quả cao hơn.DEX Investing được đăng ký với FSA với tư cách là nhà cung cấp dịch vụ tài chính. Đầu tư vào Bitcoin là một phần của nhóm Dex Investing LLC, được FSA cấp phép và quản lý tại St. Vincent và Grenadines vào năm 2021. DEX Investing LLC, một công ty được đăng ký tại St. Vincent và Grenadines với tư cách là Công ty trách nhiệm hữu hạn với số đăng ký 1344 LLC 2021. Địa chỉ chính thức của tổ chức là Tầng 1, Tòa nhà First St Vincent Bank Ltd, Phố James, Kingstown, Saint Vincent và the Grenadines. Dex Investing có phải là một sàn chứng khoán quốc tê lừa đảo không?Như mọi người đã biết, thị trường tài chính Việt Nam ngày càng phổ biến. Bằng chứng là số lượng môi giới ngày càng nhiều. Thị trường ngoại hối đã được tạo ra. Kết quả là các sàn giao dịch sẽ thi nhau hạ thấp uy tín của đối thủ. Những “chiêu trò” phổ biến nhất trong thời gian gần đây là:
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![]() | FasaPay Forex Brokers In Malaysiahttps://preview.redd.it/els8vool0fl91.jpg?width=2240&format=pjpg&auto=webp&s=19ee08c4e079437c46f25f234acf619b759a1ea1 Fasapay Forex Broker Is A Trading Website Which Allows You To Deposit Or Withdraw Funds Through Fasapay. It Is Quite Popular Among Traders, So There Are Plenty Of Brokers Which Offer It. This Means You Have A Lot Of Options For Where To Trade If You Decide To Use This Payment Method. Forex Brokers That Accept FasaPay
How to Withdraw Money from FasaPay Forex Account?
FasaPay Forex Brokers List
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![]() | FasaPay Forex Brokers In Malaysiahttps://preview.redd.it/db9gb3cur8l91.jpg?width=2240&format=pjpg&auto=webp&s=d49921a2d97ac8f59be40d51114c9b7b0afceaea Fasapay Forex Brokers An Online Payment Gateway, Was Established By Fasa Centra Solutions Ltd., Which Is Based In Singapore. It Enables Instant Online Deposits And Withdrawals To Its Clients. Fasa Centra Solutions Is A Nonbanking Company That Is Engaged In Electronic Money Transfer Business. This Payment System Ensures A Safe Transfer Of Funds While Maintaining Users’ Confidentiality. FasaPay — How Does It Work After A Trader Opens An Account With A Forex Broker, He/she Transfers Money From His/her Account In A Local Bank To Fasapay. Then, Fasapay Transfers The Funds To The Trader’s Forex Broker Account. This Is To Say That Fasapay Operates As An Intermediary Between Banks And Brokers. ⭐ FasaPay Forex Brokers
Best forex brokers accepting Fasapay deposits1. Ic Markets
2. Deriv.com
3. Roboforex
4. FxChoice
5. IronFX
6. FXOpen
7. Go Markets
8. Easy Markets
9. FP Markets
10. BlackBull Markets
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4UFX Forex Broker 4uGroups 4usignals.com 4xbankers Limited 4Xbrands Limited 4XCellent 4XP Investments & Trading and Forex Place Ltd. 50option 53 Capital Trade Limited 53option (53 Option) 5Barz AG (CH) 5Decimals Limited 5Gulden Corporation Ltd. 5LINX Enterprises Inc. 5markets LTD 60options 72Option, owned and operated by Epic Ventures Ltd. 7526679 Canada Inc / Quantum Trading 777 Trades ... binomo.com (10-12-2019) Bis Europe (22-09-2017 ... Forex Club (Forex Club International Limited) (25-09-2015) Forex Consulting GmbH (21-09-2015) Forex Project Club (10-02-2020) Forex trading (28-06-2017) Forexbit (20-09-2019) Forexbrokerz (11-10-2019) forexcoin.org (29-06-2018) forexseñales.com (18-06-2018) FORMULA ESPAÑOLA (27-02-2020) Fort Global Fund Managers (clone) (20-04-2016) Forte ... 1 lot Forex adalah helas / Forex brokers leverage 1 1000 charts; Samie volatiljnie instrumenti na Forex; International investment and trade law / Invest in west; Fire Forex scalping system; Metatrader gmt / The best binary option winning indicator ever; Anchor investment management columbia sc / Forex trading analysis tips in urdu; Altus investment; International investment and trade law ... 9/7/2020. 8/19/2020. 7/17/2020. 7/17/2020. 7/17/2020. 7/17/2020. 7/2/2020. 7/16/2020. 7/20/2020. 7/20/2020. 7/20/2020. 7/20/2020. 7/20/2020. 7/20/2020. 7/20/2020. 7 ...
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