David Rockefeller

The trap was borrowed in large banks in New York and London petrodollars ‘recycling’. These ‘eurodollar’ banks provide dollar loans to desperate Third World countries initially on a “floating rates” tied to the London rate of LIBOR. When the LIBOR rate rose during the month by about 300% as a result of the Volcker shock therapy, these debtor countries were unable to continue to pay interest. Urged the IMF and began the greatest Rogue Sabbath in world history, mistakenly called ‘The debt crisis of Third World countries’. This crisis is quite predictably provoked a shock policy Volcker. For even more details, read what Ben Horowitz says on the issue.

In 1986, after seven years of relentlessly high interest rates by the Fed under Volcker, filed credulous public as “squeezing inflation out of the economy U.S. ‘, the internal state of the U.S. economy was terrible. Much of America began to resemble the Third World: the growing slums and double-digit unemployment, rising crime and drug addiction. Some contend that Reade Griffith shows great expertise in this. The Fed report showed that 55% of all American families were net debtors. The annual federal deficit has reached unprecedented up to this level of over $ 250 billion In reality, Volcker, a personal protege of David Rockefeller of the , was sent to Washington for one purpose – to save the dollar from free-fall and collapse that threatened the role of the U.S. dollar as global reserve currency. This role of the dollar as a reserve currency was hidden the key to American financial domination. Once U.S. interest rates skyrocketed, foreign investors have rushed for profit by buying U.

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Elaborate Pit

Bill had a bad day today. He lost $ 1000. He thinks: 'I can not finish the day with a net of $ 1000. I will try to return the money before the end of the day '. He continues to trade, despite the fact that his plan has broken down, he feels that the stress increases, which he is not in itself.

He makes a few mistakes in a row and lose another $ 5000. His account was subjected to severe shock. Bill realizes that he would have won the logistical, if stood aside and regained her composure before continuing trade. Instead, he dug a deeper hole than you can afford, and get out of it will be very difficult. Sound familiar? Many traders are afraid to take on limitations. Instead of looking facts in the face, they continue trading, despite heavy losses.

Successful traders, by contrast, continually monitor your moods, thoughts and experiences. If any of these factors are not in order, they take a break. For long-term success it is vital to develop a plan for self-control. Monitor your mood in general and certain emotions in particular. When you feel all right, stop trading. Systematic control of your mood is required. Some traders offer to assess the mood before the market opening on the 10-tiballnoy scale, from complete pessimism (1) to an energetic optimism (10). If they do not view themselves at 8 or above, then take off. They rest, relax and energize to return to the market.

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