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Trade Against The Retail Herd 15th Feb
What's new today?
Today we have a plethora of major news events that could effect retail positioning dramatically. With German GDP, UK CPI, German ZEW, USD Retail Sales and US TIC coming out today all within a 8 hour window, any major deviations could have powerful implications. Going into the news events the report is fairly settled with most pairs in the neutral zone. GBPUSD has slipped a tiny bit back in the Long zone, with GBPJPY back in the neutral zone.
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Provided by Pivotfarm via the Technical Analysis blog
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Just for the record:
There is no retail left....
What if everyone used every credit card they could get their hands on, to buy physical Non-Tungsten, gold coins and bars/silver/gems/and huge amounts of food and and clean water, or and probably a protection device or two?
All done with zerohedge intention of paying their credit card bills at any point.
How long would it take, until the entire system crashed?
If the Elite think they can steal from everyone in broad daylight, wouldn't this be a really easy way to fight back/take back for the 'pauper' masses?
Hmmmmmm.......
You go first is convential wisdom. I had given consideration in the [distant] past to converting credit card debt limits to Ag & Au and then bailing out of the country. The problem was and is family - I can go alone to many places and 'rough areas', my family, not so much.
That's right Sparky, if people rack up their credit cards and simply refuse (quit) paying them (off) it would be interesting to find out who's got who really by the balls.