Forum > View Topic
by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:

USD

Discuss USD
 
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jul 1, 2010 22:39
In a rare moment of mental clarity... when Russia defaulted the ruble became valueless. If the US defaults on some 10 trillion treasuries every single buck has more value than a gold bullion.
That is what is going to happen.
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jun 30, 2010 21:56
station
its all very simple, its mathematical precision. A trader buys low and sells high and assumes the difference, the profit, is exactly the same money in terms of value that money earned the hard way, by creating physical added value, has. Someone who trades just apples buys low and sells high and the added value is distribution however the profit is higher than the added value of distribution.
This is mercantilism and its the reason why the FED and other CBs have to provide unlimited liquidity in order to keep mercantilism working.
Of course the precise question is not for how long will this work, as time is not involved, but rather if there is a state of the total system thus that the value of money is not well-orderable.
Such a state must exist because its fiat money , and if the value becomes not well-orderable
its imaginary value is whatever but its real value is nil.
Insofar depression is so to speak built-in into mercantilism.
Stationdealer
London, UK
Posts: 715
14 years ago
Jun 30, 2010 19:32
The United Nations has slammed the U.S. dollar in a new report called Retooling Global Development. They're recommending an end to the dollar's role as dominant reserve currency, and pushing for a new global reserve regime based on a supranational currency made up of a basket of developed nation currencies.
http://www.un.org/esa/policy/wess/
Stationdealer
London, UK
Posts: 715
14 years ago
Jun 30, 2010 19:30
NEW YORK: The next Great Crash is coming. Guaranteed. Maybe not today and maybe not tomorrow. But, in all likelihood, sooner than we think.

How can I be so sure? Because the history of modern markets is a story of meltdowns. The stock market crashed in 1987, the bond market in 1994. Mexico tanked in 1994, East Asia in 1997. Long-Term Capital Management blew up in 1998, Russia that same year. Dot-coms dotbombed in 2000. In 2007 well, you know the rest.

And that was just the last 20 years or so. The stagflation of the 1970s, the Depression of the 1930s, the panics in the 1900s ... and back and back and back it goes, all the way to the Dutch and their tulip bulbs.

Read More.....http://timesofindia.indiatimes.com/biz/international-business/Get-ready-for-the-next-Great-Crash/articleshow/6110342.cms
Stationdealer
London, UK
Posts: 715
14 years ago
Jun 30, 2010 13:13
The Third Depressionhttp://www.nytimes.com/2010/06/28/opinion/28krugman.html?hp

Recessions are common; depressions are rare. As far as I can tell, there were only two eras in economic history that were widely described as depressions at the time: the years of deflation and instability that followed the Panic of 1873 and the years of mass unemployment that followed the financial crisis of 1929-31.
Stationdealer
London, UK
Posts: 715
14 years ago
Jun 30, 2010 13:13
Elites Are Terrified Of The Mass Awakening http://www.washingtonsblog.com/2010/06/powers-that-be-are-terrified-of-mass.html http://www.washingtonsblog.com/2010/03/82-of-americans-clamp-down-on-wall.html
---------------------------------------------------
Germany Warns US Not to Become 'Addicted to Borrowing'
More Here.http://www.spiegel.de/international/business/0,1518,702849,00.html
-------------------------------------------------
Stationdealer
London, UK
Posts: 715
14 years ago
Jun 30, 2010 13:11
US Dollar as Reserve Currency in Jeopardy Again.
(Reuters) - A new United Nations report released on Tuesday calls for abandoning the U.S. dollar as the main global reserve currency, saying it has been unable to safeguard value. http://www.reuters.com/article/idUSTRE65S40620100629
---------------------------------
Yuan Can Become Alternative Reserve Currency to US dollar-ADB http://www.reuters.com/article/idUSTOE65N06P20100624
* Internationalisation of yuan may be rapid process-ADB
* Yuan to push world toward multi-currency reserve system
* Capital controls can help economic management
HONG KONG, June 24 (Reuters) - China's yuan could rapidly become an internationally used currency and serve as an alternative to the U.S. dollar in central bank reserves, the Asian Development Bank said in a report on Thursday.
--------------------------------------
"The US will 'Politely Default' on its Debt"
By Robert Huebscher of Advisor Perspectives http://www.zerohedge.com/article/big-call-jeff-gundlach-us-will-politely-default-its-debt
Todays economic problems, it seems, can be understood through the lens of pop artist Andy Warhol. Warhol, who DoubleLines Jeff Gundlach calls an absolute futuristic genius in his ability to depict trends in American consumerism, showed through his illustrations of everyday objects, such as Coca Cola cans, that products used by the upper crust of society were accessible to anyone in America. That accessibility made it natural for consumers to borrow money
said
mulhouse, France
Posts: 2822
14 years ago
Jun 29, 2010 21:48
eh ashraf u got lost in hugoton or what.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jun 29, 2010 21:13
@Walky: What I think is that you are a spammer and are not welcome here.

said
mulhouse, France
Posts: 2822
14 years ago
Jun 29, 2010 20:38
lets pass with hope a fatty summer