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Yes, the Swissie is due a dive.
But I gave up Fx for Lent (whenever that is).
The US Dollar is a piece of crap, i kid you not. People compare it to money from the board game monopoly. But using monopoly money i could buy a property on Boardwalk for $400 in the 1980s and it still costs the same today, so monopoly money has actually done it's job as a store of value!... where as the US dollar depreciates daily thanks to your genocidal 'leaders'...
... this is how bad our financial system is, our currencies are worse than joke money.
Don't hold back, FMB, tell us how much you really lost on SRS and dollar longs....
The only U.S. currency i have anything to do with are 1 oz silver eagles, face value $1... and half dollars from 1964 and before...
... apart from that, and fender guitars, well, i'll have nothing to with anything produced by that cesspit of a banana republic... makes me feel dirty just thinking about it. Think of it as a moral stand.
... apart from that, and fender guitars,
... apart from that, and fender guitars,
Better check that serial number. Probably made in Mexico...
I'm buying Silver at $37 Bitches. I don't care if it's up 9x in a few years. I might be late to the party but I won't be sitting on Bernanke's Clownbucks when the whole system implodes. If I have to, I'll eat the Silver before converting them back to Clownbucks.
Rumor has it that the FED buying treasuries has ended. What has ended is the printing press. The FED still continues to monetize friendly CB's crap. To make things worse, the IMF is screaming for more bucks, we just blew a wad bombing Libya, and currency swap lines with Japan are active. Up yours Little Dickus Ben.
since 2008 i waiting for dollar rise,all bullish fundamentals was in,still the policy of the Goldy Saches "we preffer strong dollar currency" was main reason it was not strong,but tualet like paper,dollar holders suffered most lost,i do not know since USSR born what dictator was robbing me more that FED,I will vote with all my foot fingers for it to be hanged on the tree near Freedom Statue,but i'm not us citizen,i have no choice-but infect myself into death and kiss FED chairmen,inlcuding all board and those who is behaind all of those marionette bank:Kiss of Death!
TB were you in Russia during the 97-98 collapse?
ps sure i still will keep under my tongue the untidot pill from SmithKleineBitchem or Anglo-Sax-tricks-bucks parma all i could find,so,SOS
yen crosses are out of control...looks like banks carry trading fat. AUD is joke.
There is a huge endgame trade coming, too much risk being bought up.
looks like dumb arse japan boj gambling in the market
yes, selling the last of my AUD this week...
retail sentiment is quite short euro and aud while the specs are long - looks to me the short term 3 to 4 weeks we will see extreme volatility as stops keep getting hunted down both ways. The Fed doesn't give a hood about the USD - it wants to feed its masters the banks anyway it can, and stay alive and the only way is to placate Team-O and congress every now and then. Now the Fed is getting pressure from team-O to stop gasoline going to $5 before Team-O gets labeled Team Carter V2.0 for stoking inflation, if that stigma stays, O can forget his second term definitively. So a temporary talk of stopping-QE is in order (just like March/April 2010) - besides there is nothing to monetize until after mid April when the debt ceiling gets bumped up nother trillion or two. When a "lower than expected" Q1 GDP is printed end April, the Fed will use that as excuse to telegraph commencement of QE3, which will commence immediately the day after QE2 ends in June.
I'll let you know when London opens.
This is actually quite a compelling argument, and a contrarian one. The dollar has taken its Bernanke hit from Zimbabwe Ben and survived, and now the endgame is in sight. And there is still the flight to safety issue. This can only mean the dollar will now soar?
I havent yet read the whole piece and he paints a bearish picture, but he also seems pre-determined that we are going to revisit 2008. Why should the dollar turn around again a la 2008? The rating agencies have thrown the kitchen sink at the euro, and the inexorable rise of the chf both tell us big money is still in the process of getting out of the dollar. When does this action reverse in a sustainable manner? It might not about reading charts and picking pivot points, and more about monetary policy action, Volcker style. Do any of them have the balls...short of making speeches and trying to get gold and silver tell a phony story? If they do, lets see it...
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