Brazil Confirms What Everyone Knows: "A Currency War Has Broken Out"

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Mon, 09/27/2010 - 15:34 | 607938 Turd Ferguson
Turd Ferguson's picture

In the race to the fiat bottom, I keep getting this mental image:

http://www.youtube.com/watch?v=w4HMRtxY-ik

However, in my vision #1 is the yen, #2 is the $, #3 is the euro and #4 is the Swissy.

Mon, 09/27/2010 - 20:42 | 608657 UncleFester
UncleFester's picture

More like this one: http://www.youtube.com/watch?v=QtMzNTzMw2c&feature=related

Golden mustard falls behind due to the cap in the face 1980s, loses shoe in the 90s, recovers and takes the lead in 2000.  Green relish dollar tries to cheat in the end but..."face plant, body slam, mustard wins. That's huge."

Mon, 09/27/2010 - 21:52 | 608787 JLee2027
Mon, 09/27/2010 - 23:25 | 608980 UncleFester
UncleFester's picture

Free beer night at the local waterin' hole?

Mon, 09/27/2010 - 21:49 | 608791 morkov
morkov's picture

in a very broad, idealistic sense, this currency fix is a scam...therefore it's short-term. a game changer should turn this around very soon. countries will close up for "d" market

Mon, 09/27/2010 - 15:33 | 607940 Hephasteus
Hephasteus's picture

Paper cuts!! Bitches!!!

Mon, 09/27/2010 - 16:03 | 608038 kato
kato's picture

you are gay

Mon, 09/27/2010 - 16:05 | 608042 Commander Cody
Commander Cody's picture

You are annoying.

Mon, 09/27/2010 - 16:17 | 608075 mtomato2
mtomato2's picture

You are obvious.

Mon, 09/27/2010 - 16:24 | 608098 hedgeless_horseman
hedgeless_horseman's picture

Who?

Mon, 09/27/2010 - 16:26 | 608107 mtomato2
mtomato2's picture

Whom.

Mon, 09/27/2010 - 16:29 | 608119 Hephasteus
Hephasteus's picture

Awe. You're like a linquistic correctional facility. Where's my orange jumpsuit?

Mon, 09/27/2010 - 17:48 | 608322 Miles Kendig
Miles Kendig's picture

Ubefindin'itwityoroll homie  just like the Brazilians.  The joys of the dollar trap.

Mon, 09/27/2010 - 16:43 | 608164 Sudden Debt
Sudden Debt's picture

+1 You just got your AAA+ rating from Moody! :)

Mon, 09/27/2010 - 20:39 | 608652 Al Gorerhythm
Al Gorerhythm's picture

Who.

Refer to the he/him trick. 

Who is gay?

He is.

To whom is he referring?

Him.

The "m" in "him and whom" is a clue for which pronoun to use. 

The question "Who ....... is gay?", can't have the answer, "Him.... is", it has to be "He is" therefore the use of the pronoun "Who" is justified and correct. 

Grammatically speaking, the who/whom conundrum is resolved, when one can decipher the '"subject/object" rule to the "question/statement" clauses of sentences, about said subject/object.

If "He" is the subject of the clause, then "who" is used. If it was "him" that I was referring to then the clause refers to the object, hence "Whom" 

Mon, 09/27/2010 - 16:32 | 608132 Hephasteus
Hephasteus's picture

"you are gay"

Did you wave a magic wand while you wrote that because I'm feeling pretty gay right now. I think i'm gonna goatse.

Mon, 09/27/2010 - 16:44 | 608151 MsCreant
MsCreant's picture

You knew someone would google that, didn't cha? Click "Eh" for full effect.

Ya know, none of that has anything to do with gay. Just sayin'.

Mon, 09/27/2010 - 17:59 | 608368 spinone
spinone's picture

If you're going to Google, may as well look up vajazzle.

Mon, 09/27/2010 - 18:55 | 608467 Conrad Murray
Conrad Murray's picture

Who doesn't like a good party?

www.lemonparty.org

Tue, 09/28/2010 - 10:25 | 609909 mtomato2
mtomato2's picture

You will never, ever, ever, ever be forgiven for that...

Mon, 09/27/2010 - 15:35 | 607945 Segestan
Segestan's picture

got Gold?

Mon, 09/27/2010 - 15:39 | 607964 NOTW777
NOTW777's picture

absolutely and silver and some PGMs and some PM equities

Mon, 09/27/2010 - 15:58 | 608026 Segestan
Segestan's picture

nice.

Mon, 09/27/2010 - 20:35 | 608642 Hulk
Hulk's picture

PM shortsqueeze Bitchez!!!

Mon, 09/27/2010 - 22:15 | 608848 geopol
geopol's picture

Hi Hulk,,,How the hell are you?

Mon, 09/27/2010 - 16:29 | 608117 Pining for the ...
Pining for the Fjords's picture

"Got gold"   Errr, no. I wouldn't touch that barbaric relic, a commodity no different than soybeans or diapers.

Please take note of this fact, government watchers and list makers monitoring the most subversive financial site on the internet.  No gold at here at all. None. Move along.

Mon, 09/27/2010 - 17:01 | 608207 Jake Green
Jake Green's picture

I will be surprised if gold saves you. Soybeans maybe, but the have's are greatly outnumbered by the have-not's.

Mon, 09/27/2010 - 20:50 | 608674 Al Gorerhythm
Al Gorerhythm's picture

Accidental post.

Mon, 09/27/2010 - 15:36 | 607950 BobPaulson
BobPaulson's picture

Pax Americana man, how f***ed is that? They make their product (greenbacks) as valueless as they can, and everybody else buys them as fast as possible to keep their value up. Again, the question is how long can it last.

Mon, 09/27/2010 - 16:04 | 608040 Eternal Student
Eternal Student's picture

Probably for quite a while still. But in the meantime, the Gonzo Economic predictions of an imminent bout of hyperinflation due to a loss of confidence in the dollar isn't looking good. It looks like there's lots of interest in keeping the dollar higher than the local currency. The name of the game right now is exports, and to get beggar-thy-neighbor, we're seeing cheapen-thy-currency.

Mon, 09/27/2010 - 16:49 | 608187 midtowng
midtowng's picture

Let's call this what it really is - a trade war. Not a currency war.

Devaluing the currencies are a just a method used to gain trade advantage.

Mon, 09/27/2010 - 20:57 | 608684 Al Gorerhythm
Al Gorerhythm's picture

..... and when that doesn't do the trick, sanctions and protectionism will be the only option left. That's the only way that manufacturing jobs can be enticed back to the Western hemisphere. Unless of course we are willing to accept the wages and living standards of the standard third world agrarian village dweller.

Mon, 09/27/2010 - 15:37 | 607953 goldmiddelfinger
goldmiddelfinger's picture

All day I'm waiting for a reaction to the QE9 news that the Fed will gas the balance sheet by another $500MM. It even made CNBS and nothin nada zip. It's meshugass. Maybe it's the effect of the real QE manipulation.....Quarter End

Mon, 09/27/2010 - 15:37 | 607956 Tiberius
Tiberius's picture

How long does the currency war last until all fiat currencies are worthless?  Anyone have a guess?  Years?

Mon, 09/27/2010 - 16:00 | 608031 tmosley
tmosley's picture

Years? Doubtful.  Once it really gets going, it will be over in days or hours.  We've probably got a matter of months until it really gets going.  But this is the result of the actions of a very small group of people, and as such the timing is unpredictable.  It could happen tomorrow, five minutes from now, or a month from now.

Mon, 09/27/2010 - 16:27 | 608105 CrockettAlmanac.com
CrockettAlmanac.com's picture

What if they had a currency war and nobody came? (Nudge, nudge, wink, wink)...bitchez!

Mon, 09/27/2010 - 16:29 | 608121 MsCreant
MsCreant's picture

How about if one steps up to bat and backs their currency with Gold (Nudge, nudge, wink, wink)?

Mon, 09/27/2010 - 16:38 | 608149 Cognitive Dissonance
Cognitive Dissonance's picture

We (meaning the United Fascist States of America) would invade them.

Mon, 09/27/2010 - 16:40 | 608154 MsCreant
MsCreant's picture

Of Bourse we would.

Mon, 09/27/2010 - 16:45 | 608171 CrockettAlmanac.com
CrockettAlmanac.com's picture

Hegemony Cricket!

Mon, 09/27/2010 - 16:47 | 608179 impending doom
impending doom's picture

MsCreant, will you marry me?

Mon, 09/27/2010 - 21:55 | 608807 JLee2027
JLee2027's picture

Ever seen The Crying Game?

Mon, 09/27/2010 - 16:56 | 608201 merehuman
merehuman's picture

china appears well positioned for that gold based currency. Our president is not encouraging us to buy gold or silver , but China is.

 

Invade China... lol , right away

Mon, 09/27/2010 - 17:40 | 608298 Hephasteus
Hephasteus's picture

We can't. Jackie Chan and Jet Li taught them all karate.

Mon, 09/27/2010 - 20:38 | 608651 Hulk
Hulk's picture

I believe that would be a Chinese martial art Hep...BTW, they can also fly, which the japanese haven't perfected yet!

Mon, 09/27/2010 - 18:57 | 608470 Clancy
Clancy's picture

Encouraging them to buy, yes, but the US still has far more Gold than China does.

Mon, 09/27/2010 - 19:14 | 608503 doggings
doggings's picture

prove it then: show us the gold

Mon, 09/27/2010 - 20:58 | 608688 Al Gorerhythm
Al Gorerhythm's picture

See my post above.

Mon, 09/27/2010 - 15:38 | 607958 goldmiddelfinger
goldmiddelfinger's picture

Prechter on w Maria at 3:30...gotta love it

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