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Thems fighting words.
"... pledge more funds to bankrupt Greece."
Is "bankrupt" being used as a verb here?
when even the UN warns you of a $ collapse, methink it's getting close to get long the buck for a while
look at the 'essay' source, the author. The view is to push gold higher and benefit, whether justified or not. The article is not without an interest in personal gain, rather than objectively analysing all the possible events that can turn events and this essay on it's ear.
Have you been paying attention to what's just gone on over the past 3 weeks, when it couldn't even stay above 76.50 on the USDX for 1 day, and with everything going for it, including the hit on silver & wti crude, the rest of the commods, the usual mass press focus on the goings on across 'the pond' ie. europe & the many stories on the 'inflationary pressures' in china & asia?
Heck, there was even another Jim Chanos call on 'not being bearish enough on China'. And no, I'm not a China bull, they just happen to have more savings than the other bankrupts, which is better than being in the red.
I really pity you for falling for this.
No, I think the UN is just 'fishing' for people like you. You should buy the dollar now against every currency cross, sell the metals, sell crude (both brent & wti) and sell the commods and put your money in a US CD and earn your 0.25% now. Put your money where your mouth is.
You will probably make a killing.
Unfortunately, it may be your own. Good luck.
And no, I'm not a China bull, they just happen to have more savings than the other bankrupts, which is better than being in the red.
It all depends what those "savings" are stored as. They still have relatively little gold. I see their fiscal position as worse than that of the US. Its incredible that so many in finance preach how China is such a great economy. I'd rather put my chips with a fiscally suicidal US than a fiscally suicidal China. That said , id rather not put my chips with any sovereign govn anywhere.
Hey Peabird, no need to be over dramatic!
I trade €/$, i don't invest in either currency for the long term and my interest is generally 'short-term' (from a few hours to a few days), so I don't have any worry that the UN might be 'fishing' for me lol. I put my money where my mouth is as I trade for a living and have done so for many years: it just happens that my money is 'flexible' and will favour the € one day and the $ the next.
There are some good technical reasons to possibly favour $ strength at the moment (inability to close above 1.4448 on a daily basis being one of them....for the record i am short €/$ at 1.4432 - the market's at 1.4439 as i type). All the chatter about the $ soon-to-be-terminal demise is just noise to me but recently there has been an increase in those calls and that can more often than not be a sign that the market will turn the other way, albeit temporarely (the contrarian view but also a reminder that the markets generaly tend to inflict the most pain on the most people, as the herd is almost invariably either wrong, or too late to spot the shift).
Rest assured, if I make a killing it won't be my own: there are certain things in the trading world called "(guaranteed) stop-losses" that ensure that should I be on the wrong side of any trade, it will not have financially disastrous consequences for me (in fact, i view losing trades are just the cost of being able to do business: you win some, you lose some and you just get on to the next one). Somehow this seems to be lost on a section of the non-trading ZH community who tend to believe that any financial position taken can only result in either millions to be made or a total loss.
The US dollar's hegemony over world finance has been marked for death.
It is the common cause of the States of the former USSR, China, the rest of the BRICS and G20, the GCC, the emerging and undeveloped economies, and axis of evil and the EU. The only differences among the dollar's adversaries lie in the motivations and scheduling of the execution.
Who is dollars's ally? What can the utterly laughable Barry & Timmy provide, besides comic relief? If the US can't successfully subdue camel jockeys in Baghdad or cavemen in Bagram and Tora Bora, then they are not up to the battle that lies ahead.
Politics makes strange bedfellows.
The politics of ending dollar hegemony unite both poor and rich, developed and developing States, and Zero Hedge Contributors and the Oligarchy they despise.
Why would this web site be concerned with what the UN has to say about anything? Those idiots couldn't find thier own ass with both hands and a flashlight.
exactly, UN, EU, IMF, ECB, EFSF.... the deceit and mis information that these unelected bureaucrats espouse on a daily basis has made the markets a truly fucking sad and unrewarding place to be.
simply because they exist, is why. There is no shortage of worthless information and disinformation.
So how is it that ZH can print treasury holdings that clearly show the FED holding near 80% of Treasuries now, and the UN not know it? Or is the UN using last years info to spin it's own spew.
Dancing in the USA will get you arrested.
Footloose 2: Police State
fucking funny camtoes....err...sorry, camoes
Could be the equivalent of a Tunisian street vendor in the land of Dancing With The Stars.
I'd damn near pay people to attend for a reprise this coming weekend.
Amazing! Pretty obvious who the terrorists are here.
Wait so... what? And for so long I thought the UN was just the left hand to the USA's right. Ahhhhh split brain syndrome!
"Concern about the sustainability of US debt"?!
Kabuki Theater of the absurd. Must. sustain. suspension. of. disbelief. in. the. race. to. the. bottom.
Futures up triple digits! You cannot make this s*** up.
...looks like some "one" can, eh?
When does POMO officially end?
never? until it ends perhaps?
or some "one" is?
Why would the USD fail? Who would profit of the ensuing chaos?
No one. Not the Russians (communists), not the Arabs (terrorists) and even less the Chinese (invaders).
Don't worry they'll just change the laws when appropriate.
EOM window dressing helped by the German humiliation of bailing out a spendthrift Athens a second time. Turn the ES hyper-bots on "super-bull 11"!
Gold looking to confirm this story by going higher
Looks like the Aussie's are the only one's holding down a real interest rate. I'm eyeing me a kangaroo ranch.
But our real estate market is just starting to crack...
In Japan 80% of the people do not trust the govt information and how they are handling this disaster. The majority are not happy at all as the cover up continues.
“The poll conducted by Fuji Television Network also found that nearly 85 percent of respondents said the utility that operates the stricken Fukushima Dai-ichi nuclear plant is dealing with the crisis poorly."
So does anyone have a guess as to what a poll in the US would say?
5% Think radiation is good for you.5% Think there is no problem in Japan.20% Know nothing.70% Don’t care
People must get really jiggity and start inundating the US govt and those other places that were doing the animations with questions of why they are covering up the truth and WHY THEY ARE DOING NOTHING TO PROTECT THE PEOPLE OF AMERICA and other countries. People should demand the truth from them.
Please start writing, calling, and e-mailing those agencies that are supposed to protect the people. Same with your congress critters and senate toads. Call them, fax them, write letters, and email them all. Make as much noise as you can. Demand the truth. It is downright CRIMINAL for this COVER-UP to continue. This is a disaster that is far beyond comparison to anything else and it is getting worse every day.
Also, how many of you signed this petition and passed it on:
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