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yes..did you call me?
My "Armageddon" portfolio is green across the board...
green = go
I hear that! Piles of ammo, silver, etc...all going as planned.
I've been meaning to pick up some more large pistol primers, I think today would be good a good day, if the have any.
primers are back on the shelves, even match primers.
are big traders still loading up on usd longs in the COT? I don't understand why that's happening....
It is happening because the USD cannot be devalued. Its role as world reserve currency means that every increase in the dollar price of goods requires other countries to hold a still greater quantity of dollars. No one accepts Senegal's CFA Franc for oil...
The US can create domestic inflation without an offsetting fall in the exchange rate of the dollar. It simply creates inflation for every currency instead. It is also for this reason that the trade deficit will not go away, no matter how much QE is undertaken.
The king is dead. Long live the king.
If so ... here's your black swan for the U.S. equity markets ...
Is it just me, or does this market action this AM look like something bad is coming?
Only if you are on drugs...then there are black swans everywhere...I prefer pink elephants myself
And since when equity market traders read Citi's advisor? Citi is a joke.
Big G20 hoedown this weekend, too.
I love it when you say "whore" with an accent
When the US starts using the RMB to buy Chinese output, then it will be a reserve currency. Until then, this is just nonsense. China is not ready or willing to print RMBs in quantities sufficient to support global trade. This guy is an idiot.
I tend to agree with your rationale. However, I'll reserve judgement on his mental state at this time.
Just bought China today it looks a no brainer over the longterm.
For me over a decade or so The Chinas Yuan should be par to the US Dollar That looks like an inflation hedge and the stockmarket growth, Thats a bonus.
What the hell happened with VXX from yesterday to today? Up over 200% Does anyone have any idea???
4 to 1 consolidation
Bizarre. My trading account shows the higher price, but same number of shares as does Google Finance.
Reverse stock splits = lower prices coming. I see this showing up in a lot of inverse ETFs and now an index that measures volatility and I can only conclude that asset prices are going much higher.
one for four reverse split
Reverse split cause stock is piece of shit. Investors get fleeced on constant rolling of short-term position. If I wanna go long VIX I short XXV instead of buying VXX.
But...but...Douchenger is hoarding dollars to buy real estate at the bottom of the DEFLATIONARY crash.
Hmm no he's not.
Obviously you don't read him. He's saying hyperinflation is coming and probably already here.
I read him every day and was banned from his little Market Ticker THREE times for saying just what is NOW happening. I have not seem him publish an apology to all of his Kool-Aid drinkers for leading them over the proverbial cliff.
Are you a 'gold member' at his forum? He is talking hyperinflation but hates gold so I'm curious what he is invested in. Up until about 2 months ago he was still talking deflation and hoarding dollars.
Also, CNY isn't the new reserve currency. GOLD IS.
OT - It appears that the guys at money.cnn.com aren't following orders.
Headlines include -
Can the Fed keep stock bubble afloat?
Bernanke's road to hell
Oil near $90. Thanks a lot, Fed
Global leader calls Fed move 'clueless'
The more important question:
Is China's Yao Ming The New Reserve Rocket, Currently?
"Me now learning Mandarin"=WNY COM COllege! Class=Oversubscribed!
I hope Bernanke and TIMmah are bathed in cold sweat constantly now!
No, tyler. The RENMINBI is not the new reserve currency, just to answer your question.
No other countries currency will replace the USD as a reserve currency. PERIOD. There will; however, be a "New World Currency". The "New World Currency" will be backed by gold and silver (proportionate to their respective GDP's) from the USA, Germany (maybe called EU), and China and administered by a merger between the World Bank and the IMF.
This is the only way that the Worlds developed countries can legitimize defaulting on the unpayable level of debt incurred by them. Maybe everyone involved gets say a 40% haircut. Ouch!
There already is a new world currency, all countries currently pegging thier currency to the dollar are all technically using the same currency. When you have two or more currencies that move the same amount and direction that is in effect a single currency.
The Rise Of Silver.
To suggest that the Renimbi become the reserve currency is a joke. They may think that it can be... but they have a ways to go.
Gold and Silver will be the fiat currencies once the slide happens.
Gold and Silver will be the fiat currencies once the slide happens.
Gold and silver can not be the new fiat currency.
They are not fiat. They just are.
They are not currency. They are money.
If on day x, silver is $250 USD / troy oz and contracts are denominatd in silver... then silver is the currency.
Despite China's ancient culture, the wealth and influence of Western institutions will not be relativized. The emerging basket of "local" currencies like the USD, EUR with gold, oil and wheat will be the "stabilizing" force a la the IMF and the BIS that serves to "save" our fate. By 2012, every government and industry will be looking to the beneficent power of an alien financial power, but never uncontrollable China.
International trade transactions settled in yuan more than doubled to a record in the third quarter as companies including Nokia Oyj and Metro AG turned to a currency that rose 24 percent against the dollar in six years.
The value of settlements jumped 160 percent from the prior three months to 126.5 billion yuan ($19 billion), the People’s Bank of China reported late yesterday. The amount exceeded all but one of seven forecasts in a Bloomberg survey of analysts. Metro, Germany’s biggest retailer, says paying Chinese suppliers in yuan benefits both parties.
Frankly, this is punishment for China's fixed exchange rate. It seems to me that the other countries can make the yuan or euro and defacto reserve by simply listing their prices in those currencies. They can be converted to dollars but the conversion rates will change to properly value the dollar.
In the end, no fiat currency has ever survived its own manipulation. The world may be about to learn that lesson...again and painfully.
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