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From ForexFactory to myFXbook

TheOracle
Jul 25 2011 at 12:39
175 posts
Obama is clearly using the budget to his own political benefit, and so are the republicans. It will be very interesting to see what will happens to the E/U as the politicians keep suspense in the air. Overall i believe that America already is naked in public, while Europe is trying to cover herself in rags. I think we are half way through our crises while the PIIGS are still in denial ( or on cover up mode) so we should emerge ahead of the Eurozone.

zzzero
Jul 25 2011 at 21:58
1367 posts
mr oracle,

several economies are now in the process of melting down.

there will be no recovery from this crisis..

better save your pennies.

z/..


TheOracle
Jul 25 2011 at 23:24
175 posts
I kinda agree with you Zero. this crisis could escalate and bring the end of the world with it. Lets see 😁

TheOracle
Jul 26 2011 at 07:44
175 posts

Thats curious! I didn't know that quarters were debt free money. very interesting!




TheOracle
Jul 27 2011 at 09:52
175 posts
I was thinking about this last video and I don't get their point. They blame the FED for messing up the economy and they want the government to print 'debt free money' so we pay no interest to the bankers.

Thats all beautiful and nice theoretically.

Now if they really get what they want we will suddenly find the power of printing money in the hands of people like Barney Frank.

Do you really want that?

I understand that the FED is after their own interest not yours or mine but let me ask again.

Is the congress any better?

Abolishing the FED would just give it another name and maybe form. The crooks will still be behind the curtain manipulating the new institution.

The problem does not reside on who prints the money, or how good or bad they do their job. The problem is with the human greed.

Unless there is a revolution and they change the way politicians are elected, and make them be accountable for their promises, and enforce on them some serious liabilities when they screw up nothing will change.

James_Bond
Jul 27 2011 at 09:53
556 posts

TheOracle posted:
    I kinda agree with you Zero. this crisis could escalate and bring the end of the world with it. Lets see 😁


I believe the worst is already behind us, but I maybe wrong..

PipGnostic
TheCyclist
Jul 27 2011 at 13:18
724 posts
Very wrong James.

We're heading for a crack up boom: https://mises.org/daily/4016

The US lifestyle just isn't sustainable. Jim Rogers was saying on BBC the other day no matter how much money you have it won't be able to buy you food, in the next few years. Not decades away, 5 years or so.

QE 1, QE 2.....

This is not new territory. I say again, in the 70's gold was $800 and ounce, the adjusted equivalent today is $3000 an ounce. We haven't even begun mate....

James_Bond
Jul 27 2011 at 13:40
556 posts
Interesting article.

So why haven't the bubble burst yet? Is it because the US government are trying very hard to damage control the situation?

PipGnostic
TheCyclist
Jul 27 2011 at 13:59
724 posts
They don't even know what's coming. New generation. Just haven't had nothing to eat. That's why we have companies with patented seeds (read food supply) and water is privately owned.

I mean when is this deb ceiling raising event? On debt that there is no hope of repaying? US will default. Question is when and how....

US government is running a Ponzi. It will fold, soon as no one buys the debt. And I think you can start counting China out.


PipGnostic
TheCyclist
Jul 27 2011 at 14:00
724 posts
Let me see if I can find that interview for you.....

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