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Jack Ryan, Shadow Recruit, Rescues
World Currencies
by Rob Taylor
I just saw Jack Ryan Shadow Recruit (based
on work by John Clancy). Interestingly the plot deals with a plot to collapse
world currencies. Jack, a CIA agent on Wall Street, gets suspicious when
fundamentals predict the US dollar should be going down but instead it is going
up. He uncovers a pump and dump currency scheme.
Russia is buying up trillions of weak dollars (the pump) and plans to dump all its inventory onto the market at once, timed with a truck bomb on Wall Street, causing the American dollar to collapse. It would hurt China as well because of that country's dollar holdings, and so the goal is to trigger a new world wide Great Depression with the Russian currency coming out on top of it all. The scheme is within minutes of working.
Russia is buying up trillions of weak dollars (the pump) and plans to dump all its inventory onto the market at once, timed with a truck bomb on Wall Street, causing the American dollar to collapse. It would hurt China as well because of that country's dollar holdings, and so the goal is to trigger a new world wide Great Depression with the Russian currency coming out on top of it all. The scheme is within minutes of working.
Prophetic? Many stocks and
commodities (eg silver) have been manipulated with pump and dump schemes (see
Wolf of Wall Street which is based on a true story), so why not currency?
The only difference is that currency values are so high it would take a country
to move the values rather than a large brokerage firm.
In case you missed Wolf of Wall Street,
It is based on the crooked broker Jordan Belfort
who during the 1980s and 90s lavished in unlimited wealth from fraudulently
inflated stocks.
It
seems that currency and financial manipulation has reached a high level of
public awareness. It is odd when such a relatively boring subject as currency trading
becomes the subject of popular entertainment.
