Explod, from your link....
Whenever I read such garbage, I really do have to question the knowledge of the author.
Germany is the last economy that would want to leave the euro. The low euro makes German exports relatively cheap, if they left the euro there would be a big hit on the economy as a revalued Dmark would curb exports, simple economics 101.
....thousands of rotting Bear carcasses washed up on the shores of the Lucky Country. Apparently all drowned by a t$unami of cheap ca$h.
Germany is the last economy that would want to leave the euro. The low euro makes German exports relatively cheap, if they left the euro there would be a big hit on the economy as a revalued Dmark would curb exports, simple economics 101.
True. But can they afford to prop everyone else up? Also if they go for their own gold based currency (they are repatriating all their gold reserves) they can value it however they like if it is not floated.
They are also not repatriating all of their reserves. They're taking 300t from NY but leaving 1,200t there. All of their reserves at the BoE will remain. 50% will remain in foreign bank vaults.
I stand corrected. Thanks.
http://www.lombardifinancial.com/re...Alert/index.php?dept=PC&sb=BAR&sdate=02052013
If you put up the charts, have a bit of a read of the economic factors from other sources to back this up I think some of you may save yourselves.
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I'd like to see the insurance bill for the cargo. Even worse, imagine you had a container of uninsured widgets on the ship and the gold was lost.
LOL. Somehow I don't think they would transport gold on container ships. But who knows....
Did you subscribe explod?
I'd like your opinion on his solutions if you have. I do think there will be a correction. There always is even if it stays a bull market.
brty is right about Germany. Maybe the Euro will implode but Germany wants to keep it. It beggars its neighbours but enables the Germans to compete against the US in the currency devaluation "wars".
Then There Was This. Well, it finally happened. a Ratings Agency has been accused of knowingly understating the credit risks of bonds and derivatives that were central to the financial meltdown.
The U.S. Justice Dept. filed a complaint yesterday in Los Angeles, accusing McGraw Hill and Standard & Poors (S&P) of three types of fraud. This is the first federal enforcement action against a credit-rating firm for alleged illegal behavior related to the crisis. Apparently, the U.S. Gov’t and S&P, which is owned by McGraw Hill, were trying to settle this behind closed doors, but when the U.S. asked for $1 Billion and an admission of wrongdoing, S&P balked. So, now the Gov’t is left filing a complaint.
Did you subscribe explod?
I'd like your opinion on his solutions if you have. I do think there will be a correction. There always is even if it stays a bull market.
brty is right about Germany. Maybe the Euro will implode but Germany wants to keep it. It beggars its neighbours but enables the Germans to compete against the US in the currency devaluation "wars".
Nah, not when we have so many friends here at ASF putting it all together .
When the dust settles and the sun comes out it will be seen that no one could compete with the US in the currency war looming.
Their rating agencies (Moody's et al , and some info coming out about their outright cheating the last few days too) (will try to find that link later) have been busy the last four or five years downgrading everything but themselves so that the rise in the Dow is also attributable to news and ratings crapola too. The US debt, to GDP, to population is the highest on the planet. To repay that, (they wont, they will default) but to try will see the US dollar speed to the bottom to worthless trash.
The USA is run by the wealthy elite for the wealthy elite. My bet is they won't default but will instead inflate their way out of the debt, this will of course beggar the middle class but so what.
Uncle, your blinkered view is going to cost you dearly. You churn out as many negatives as you can while the stock market bounds along like a rocket. Yes, we maybe on borrowed time but why not profit from the current opportunities?
And please, no more DOW charts in Gold or any other bull**** commodity you care to throw at us. You'll be pricing the DOW in the cost of Possum skins before long just to feed your addiction to negativity.
You have been totally wrong in your doom & gloom outlook over the past few years...move on and join in on the profits available. We all know all is not well in the world but life and the markets will do what they've always done...prosper and continue to improve over the longer term.
broken clock yada yada
Unless you are standing right behind me watching me trade, how do you come to the ASSUMPTION that I haven't or don't make money? I really can't see that because I post info that shows up the fraud going by the name of the global financial system and the central banks printing presses, you can then just ASSUME that I never go long?
So just for you won't be posting any more charts - of anything.
As usual, nothing of any substance to contribute to the forum other than derision/belittling of other posters.
See you all on the other side.
the economics can actually get worse (US potential default) and id expect people to pile more into stocks..
the bad economy = bad stock market paradigm is over, and overly simplistic
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