Stacy Summary: All are speaking as one on the dollar. (Sounds to me like they are encouraging more speculators to pile in on a ‘one way bet’.)
“There are indications that the U.S. dollar is now serving as the funding currency for carry trades,” the IMF said in a report published yesterday. “These trades may be contributing to upward pressure on the euro and some emerging-economy currencies.” While the dollar “has moved closer to medium-run equilibrium,” it is still “on the strong side.”
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first thanks
check the volume tlt nov 95 calls on friday
Still could be a bait and switch. Although the media coverage of “Death of the dollar” is indeed monotone and consistent. As long it is used for trading gold/oil shortly said is the global currency it has resilience. Even if it is temporary postponed the speculators make huge profits borrowing free money; the only way to prevent the fall of the dollar is to regulate the speculating/raise margin rates. Yet i don’t think that is going to happen. Anyone want to “bet” for the date? at earliest i think half way of next year (i want to thank all those who comment first and thank themselves for the wonderful contribution to the intellectual discussion really changed my perspective)
The US is trying to addict the world to the dollar, that is their offensive, mutual destruction guaranteed.
Because of the profit motive all trade comes in two basic forms:
1. Theft
2. Drug addiction (so the seller steals from himself)
The alternative is called sharing.
Ithink “They” want the Dollar dead…..why else haven’t they killed Max…because”They” like his singing?
Mike
Back and this is where i hang out most while the World goes Crazys
texas holdem high on face book ROFL its nice fun
The Ukraine flu,
http://www.infowars.com/yuschenko-and-martial-law-on-behalf-of-who/
It seams that, that place is the first who´s-martial-law test-ground! Former democratic leaders are bought or black-mailed by the global elite to play along with them! A sad story and the people there have no clue!
Is the picture getting clear?
Will or fall into the new Third Reich be directed by
DR. WHO!
Hey is everybody out or what?
Will I get to use my silver before IMF/WHO/UN exterminate me?
@Mongo … Will I get to use my silver before IMF/WHO/UN exterminate me?
Well, here’s someone who might be able to help you…
http://www.youtube.com/watch?v=Y5htOPQyPCk&feature=sub
Peter Schiff at Harvard…
Part 1 of many
Peter Schiff at Harvard University 11/07/09 Part 1
http://www.youtube.com/watch?v=6G35tEBno74
@ AM
Actually, I think that the “Dollar has to rebound” rhetoric is drowning out the dollar bears. Plus, I have yet to hear somebody be BEARISH on the dollar during a market correction.
“The alternative is called sharing.”
Sure enough?
Are the EU, the IMF, or the BIS making great strides in sharing? Who really controls the dollar? Why is the dollar index value currency basket never mentioned? How does the confluence of indicators from the countries involved in the dollar value currency basket affect dollar value?
Who is the US? Do you mean here the owners of the dollar currency game? Is that the US or the BIS/IMF/FED?
Doesn’t Geithner prefer a strategy involving the sdr as reserve currency? What about Stiglitz? Does he represent the US?
Ok, Stacey my dear, or fellow advice seekers,
My nephew is about to remorgage his house in the UK.
Should he get a capped fixed rate morgage for 2 or 3 years, or go with a varible morgage considering interest rates are so low?
I ask this as i just dont know if the bank of england will hold down interest rates or if early 2010 we will see a rise in interest rates making a capped rate a good option over this bumpy period.
What do think?
@Dustin .. re-mortgage ?
What debt/equity ratio would he then have ?
I’m sure that is what the banks will be looking at.
@ Dustin
My 2 cents worth… fixed rates dont mean anything if your bank goes bust. But I guess banks don’t go bust these days, they just get bailed out.
All the water in the world (1.4087 billion cubic kilometres of it) including sea water, ice, lakes, rivers, ground water, clouds, etc.
http://boingboing.net/2008/03/11/all-the-water-and-ai.html
If this is the volume of water,.think about population, and all the other crap that is put out there,…: )
So, that was the American Healthcare industry, then
True News: The Health Care Bill Passes!
http://www.youtube.com/watch?v=3CAPc7nmWZ0
BTW,..average human = 3 cubic ft x 6 billion =509 703 239 m3,…
Not sure if this vid was posted
Soros, pure evil, dollar going down, China to replace US as global engine
http://www.youtube.com/watch?v=JJVZ8sf6uBI
Man i feel like a world war 2 vet no job, no fututre n no health n its freezing here Al fuckin Gore where is your global warming u fuckin bitch ROFL PMSL carbon credits ROFL no insult intended towards women
But i like my land investments oh lord thats the only thing thats gonna save me
Roll on the dance floor laughing we have a couple of douche bags who own a piggy bank with an IQ of 70 runnin the world ROFL PMSL its time for them to say “et tu Brute”
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2009/11/6_Mike_Mish_Shedlock__II.html
More Mish on King…
What A Way To Go: Life at the End of Empire, producer Sally Erickson pulled from her 20 years working as a therapist in private practice to attempt to explain why so many people, perhaps even you, are so unhappy
So true “Vimhana shastra Astra”
got caught in the wrong age of birth ROFL PMSL, I wonder if i Chose it ROFDAL
Brown has listened to Max, a transaction tax, isn’t that the same as the margin rate.. Whatever the IMF opposes, do it!
http://news.bbc.co.uk/2/hi/business/8348895.stm
@Dustin
The best strategy is to get as much mortgage as you can at a fixed rate for as long as possible. The nominal value of your mortgage will remain the same while your income will be inflation ajusted (eventually). That way you profit from inflation. Because you have a fixed rate your bank will not be able to correct the reduced value of your mortgage by increasing the rate.
@snoot
Who says the US is not in the hands of the internationals?
Max & Super Stace check out the link
(warning: may lead to violent outburst)
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6907681.ece
Google trends
term “gold price”
Regions ranking 30 days
1. India
2. United Arab Emirates
3. Singapore
4. Hong Kong
5. Malaysia
6. Australia
7. United States
8. Canada
9. United Kingdom
10. Thailand
http://www.google.com/trends?q=gold+price&ctab=0&geo=all&date=mtd&sort=0
Goldman doing Gods work..
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6907681.ece
It is mentioned in the aticle that Goldman does ‘rigorous mark to market’. pffft
Man I use to be a single handicapper crap crap
WaPost piece on US gold:
http://www.washingtonpost.com/wp-dyn/content/article/2009/11/06/AR2009110604799.html?hpid=topnews
Money Banking and the Federal Reserve
Nice presentation——-worth the time.
—————————————————————
Thomas Jefferson and Andrew Jackson understood “The Monster”. But to most Americans today, Federal Reserve is just a name on the dollar bill. They have no idea of what the central bank does to the economy, or to their own economic lives; of how and why it was founded and operates; or of the sound money and banking that could end the statism, inflation, and business cycles that the Fed generates.
Dedicated to Murray N. Rothbard, steeped in American history and Austrian economics, and featuring Ron Paul, Joseph Salerno, Hans Hoppe, and Lew Rockwell, this extraordinary new film is the clearest, most compelling explanation ever offered of the Fed, and why curbing it must be our first priority.
Alan Greenspan is not, we’re told, happy about this 42-minute blockbuster. Watch it, and you’ll understand why. This is economics and history as they are meant to be: fascinating, informative, and motivating. This movie could change America.
————————————————————————————–
http://www.youtube.com/watch?v=HQdUVpp1q0s&feature=player_embedded
Treasury Two-Year Notes Gain on 10% Unemployment, Fed on Hold http://tinyurl.com/yfspsmt
@Scott
I endured 10 minutes of Mish’s rant about the todays America
but had to cut him off. I can only take so much petite bourgeois whinging before I puke. Sometiimes Americans don’t even get it.
You run an empire and the military police that empire. It sounds crazy to even have to state that. Even Ron Paul dosn’t get it.
The purpose of this racket is to suppress the independent development of other peoples and nations and to force them to
consume your products and services. The prime sellers of financial services are the US and the UK and they have the world by the balls. All this belly aching is about how nice it would be if the military didn’t cost so much.
What about the crimes.
ps maybe these poeple Mish/Ron paul know this and they have another political agenda. talk about a nirvana of free markets is just an abstraction.
Fort Hood shooting: Texas army killer linked to September 11 terrorists
http://www.telegraph.co.uk/news/worldnews/northamerica/usa/6521758/Fort-Hood-shooting-Texas-army-killer-linked-to-September-11-terrorists.html
Well, with the the reductions in US citizens rights / Patriot Act etc. in the name of protecting Americans , it’s a pretty poor show if these guys are actually working for the US army !
The Constitutional Convetion starts this week. The entire thing is going to be webcast:
http://www.cc2009.us/
@Phil
“Texas army killer linked to September 11 terrorists” – Complete and utterly BS! Would the sheople realy be so stupid to buy this BS?
MSM comes a bit around about the reality of the situation: The New York Times – Broader Measure of U.S. Unemployment Stands at 17.5% http://tinyurl.com/y9fpee6
US split: Collapse of ‘shattered union’ to begin with Texas? Vid http://tinyurl.com/yca5879
William Black interview – the Massive Fraud Exposed Vid http://tinyurl.com/yjzhj4q
Actually it’s the Continental Congress 2009. They state that they are not meeting to amend the Constitution but to defend it.
“I don’t want to be in a battle . . . but
waiting on the edge of one I can’t escape
is even worse”
Why India bought IMF gold
http://business.rediff.com/slide-show/2009/nov/03/slide-show-1-why-india-bought-imf-gold.htm
@Watcher:
There is more involved here than the BRIC countries finding their feet. India is not bailing out the IMF.
http://www.theaustralian.com.au/business/mining-energy/imf-sells-200-tonnes-of-gold-to-reserve-bank-of-india/story-e6frg9do-1225793845058
http://ftalphaville.ft.com/blog/2009/11/03/81071/the-gold-for-sdr-swap-confirmed/
There is also pressure on India to sign the NPT:
http://www.commodityonline.com/news/US-EU-summit-urge-India-to-sign-NPT-22652-3-1.html
@Marietta:
Thanks for the link. Do you think Ron Paul will reply?
John Reed Says `I’m Sorry’ for Glass-Steagall Repeal, Building Citigroup http://tinyurl.com/yj367c4
Gold Producer Stocks Poised to Underperform Bullion: Technical Analysis http://tinyurl.com/yc3ynln
EU Debt May Rise to 100% of GDP by 2014, EC Study Says: FT Link http://tinyurl.com/yafad3w
@frances
I would hope that he would respond. I like idea of attacking the lack of constitutional authority of this govt. from all sides but there does need to be coordination for maximal effect.
At the Campaign for Liberty site, there doesn’t seem to be a lot of discussion of the Con. Congress
Help this one go viral:
http://www.youtube.com/watch?v=iiwtfk_uAhQ
Rise and shine! Check out the price of gold. It is well over 1100 this morning in Hong Kong. It touched 1105 at one point. I think I’m in love!
Tax the Traders! Make Wall Street Pay Its Share
http://www.truthout.org/110709C
Helen Brown gives Max an honorable mention in this article. She quotes him on Wall Street Bankers being “welfare queens”. Go Max!
Sit back.. relax and enjoy the ride. Anybody read the great article over at ZH?
“Here there be big numbers (Sic)”
http://www.zerohedge.com/article/here-there-be-big-nymbers-sic
Try deflating that derivative bubble!
GREAT MOTHER!
@ Dustin
Don’t sign on any line that puts you in debt longer than 6 years.
Off topic, but read this. It is hilarious! Lloyd Blankfein (Goldman Sachs) says “banks are doing God’s work”!
So LB is actually Saint Lloyd Blankfein.
I couldn’t find the original article but this story is referring to it. It is in Dutch though, maybe Google can translate it for you.
http://www.nu.nl/economie/2118682/banken-doen-werk-van-god.html
China says to US regarding the deficit… BEHAVE!
http://www.marketwatch.com/story/chinas-premier-calls-on-us-to-control-deficit-2009-11-08?tool=1&dist=bigcharts&symb=DXY&sid=3044712
Mother Earth posted this link:
Goldman doing Gods work..
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6907681.ece
The ecclesiastical church has been taken over by these thugs because they know they cannot get away with their crimes without dominating the ideas and beliefs of the people in order to turn them into debt slaves.
Matthew 6:24
No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon.
@Stacy, Here is one for you.. the Exter’s pyramid
http://www.zerohedge.com/article/feds-nemesis-exters-2-quadrillion-liquidity
I am beginning to question the purpose of living if I have to see the days of rebalancing that pyramid!
http://www.fcac-acfc.gc.ca/eng/industry/InfoNews/2006_03_InfoNews-2-eng.asp
In today’s highly competitive marketplace, financial institutions are increasingly offering new, innovative products and services to meet their clients’ changing needs. With the introduction of these innovations comes an increased responsibility for ensuring that consumers have a clear understanding of how these products and services work, and what they cost.
A survey conducted in 2003 by Statistics Canada found that 42.6 percent of consumers did not meet the minimum level of literacy required to read and understand documents. It is therefore imperative that disclosure documents be written in plain language, which is clear and concise, and which draws the reader’s attention to key information.
@Bill Stewart
That should read:
In our highly artificial competitive market, banks are always looking for a new and innovative ways to fk you out of your money. With the primary decision to entrust your money to a bank you passed the moron exam, marking yourself as an easy target on the financial shooting gallery. With all the money of other people and lots of time on their hands bankers will ensure you feel responsible for any losses incurred by following the advise of salesmen.
The question asked was: What makes people accept loss. The answer : A sense of shame for ones own incompetence (bungling, inaptitude), attributing the loss to forces of nature (dog ate my CDS), experiencing the loss as a narrow escape (the cost of living at all), not realizing there was a loss (handing over gold for paper currency), Experiencing the loss as a victory (You bought the last Hammerpants for $1 mln, you are now an exclusive vip gold member of the Hammerclub!)
@TheBlackSwan – I should have heeded your warning before reading that . . .
James Tobin distanced himself from anti-globalists, declaring himself an advocate of ‘free trade’:
http://www.globalpolicy.org/component/content/article/216-global-taxes/45918.html
“But Tobin says in the interview, “I don’t have the slightest thing in common with these anti-globalization revolutionaries … I’m an economist and, like most economists, a backer of free trade. I also support the IMF, the WTO-all the things this movement is attacking.
Indeed, Tobin says, “I believe the IMF should be strengthened and enlarged. Of course, it has made many mistakes … but, as is the case with the World Bank, it has too few means at its disposal to help above all poor and underdeveloped economies. The World Bank and the IMF are not part of some conspiracy called globalization.”"
@FrankHope:
What suprasovereign agency would you declare disinterested enough to oversee a Tobin Tax?
thanks all.
debt is 45% of total morgage, remorgage as his fixed period has now ended and he can either continue paying variable or remorgage to a new fixed rate that is still 2% lower than previous fixed rate.
if it looks like the BoE will at some point hike up interest rates then fixed seems to be a good plan, as there will be no surprises for the next 2 or 3 years
least thats my thinking.