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This Is What Currency Failure Looks Like
Somewhere, someone is furiously drafting the impeachment proceedings for Chairsatan Bernankebub and TurboTaxTinyTim.
Time for another market crash.
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Where's the head, where's the tail? All I see is a striped donut! :>D
i hate to blow your bubbles, ladies, but this abomination was already dead when she was birthed... december 23, 1913, bitchez.
praise be the bernank! may he destroy your wealth forever!
government shutdown? what a joke. every day more and more clients come in and tell that they have been laid off, or have lost their jobs. only people i know upset about income tax refunds being delayed are getting unearned credits.
meanwhile, small business owners are getting poorer and poorer. fill out those forms, send in those fee's and taxes and reports. life sure is sweet. at least my silver and gold are worth more frn
When that tool squirms out of the (FED BAT CAVE)We can analyze the guano. Fisher was a load of Joy!
Is that YC speak for "I went long USD/EUR yesterday, oops"?
Travis you are years too late! I got flat well before that. Read the posts!
Well well, maybe you're not quite as dumb as you look after all. I must have missed the lightning round. Lickety split.
During an actual discussion I had with a PhD in the mid-oughts, he stopped me at one point to ask, "If I get paid in dollars, and buy my groceries in dollars, and pay all my bills in dollars, why the hell would I care about the exchange rate?"
It takes a lot of schooling for some to achieve that level of stupidity, I suppose.
PhD in what pray tell.
Poli-sci. I'd have looked the other way if it had been Education. Heh.
Sadly, this is not surprising.
Your supposition, was right on. Don't take any pills and boil your water.
Hmmm....smells like relativism to me. Lots of that going around these days. Keep an extra loaf of bread in the freezer for him and his family. They'll be by.
Screw that. Keep the bread and give him your dollars. Then ask him if he wants to buy a loaf of bread with the fiat currency you just handed him. When he asks how much, just smile and close the door, while saying sorry the exchange rate on bread is to high today come back tomorrow.
There is dough then there is Doh!
Snap!! (With a large inner-tube!) :>D
Bernak said exact same thing- that it only mattered if you were traveling to Europe.
It takes a lot of "re"- education you mean.
Then again, if you lived, say, on an island, or in a city-state, and didn't NEED to import or export anything, then you wouldn't really need to worry, would you? Of course, very, very few places would fit that definition, would they?
It's good for American Families.....right?
According to "female" Shrek in whiteface, yes.
Yeah, it's on my to do list, but I left my iPod at the Fukushima TEPCO facility.
So where will everyone move their worthless fiat when whatever is left comes flying out of the ponzi mountain top when it turns? They won't leave it in cash...
D'ont be too hard on Gentle Ben - he bought anyone with two brain cells to rub together 2 to 3 years to get the fuck out of dodge.
The ship was fatally compromised for a long long time.
You're absolutely correct. It's our nature to be deceptive. To expect otherwise is a mistake. It's ALL about the ability to change based on what conditions arise. Status quo is a death trap; but, it's comfortable! It's uncomfortable to think about being outside the status quo. Pay now, or pay later... I'm up for challenges, in which case I pay now: yeah, I wasn't partying like others, but now I'm not suffering from hangover stress like most.
My wake up call came ten years ago. It's taken ten years for me to get to the point of feeling like I will be able to ride the shifting sands. Slow and steady and honest: I can sleep very well at night (I doubt Ben's buddies can say the same).
Rollin down Maiden Lane with a shotgun...
What's a pip pay these days?
Not sure, but John Wemmick isn't hiring.
Man it was 76.60 last night. 2% decline in a day? Is there any historical similarities?
Many, many, many historical similarities. In France, Argentina, Germany, Mexico, Brazil, Portugal, Russia, etc., etc,etc.
it was 75.6 last night
I'm slightly concerned that i haven't received my ticket for the underground base at Denver airport. Anyone else got theirs yet? Should i wait a week or two longer?
the password is : Marketing
http://www.youtube.com/watch?v=gDW_Hj2K0wo
Are you standing by your mail box? my god man, hide in the house or the bushes, do not look so desperate.
I have not received mine yet but Mrs dapper got hers 2 weeks ago, something is up.
Just getthere asap and tell them you are Jamie Dimon's personal valet.
Benny and Timmy, please announce QE3 soon!
c'mon tyler dude's mom worked for timmay's pops, he ain't going nowherez.
I can hardly believe what I'm seeing . Some serious USD dumping into the close despite the fact that equities and futures are down . Friday trading is usually a bit zany in FX , but this is quite amazing .
I trade F/X. Win, Lose, or Break Even. Join me at the table of (take no prisoners)
(rolls eyes)
uh no thank you, I've already eaten.
Have fun carting bags of xau and xag around. Hope you have security detail!
Heh, thanks for the tip! Have fun playing musical chairs on the Titanic!
LMAO!! +100
So this is what "winning the future" means?
Ha, ha, ha ha. That's a good one, alright. Yes, apparently that's what it means!
That's about it. It's all a hedging game.
So in order to 'win' you have to take risks just so that you can end up right back where you started?
Sounds like a boring game...
(JK)
It's all up to the moderator! P.S. I'm a connoisseur of music. it's all in the composition! You walk the halls of metal. I buy the strongest currencies, and reinvest them.
had 3 clients this week start talking about owning automatic weapons? and how everything is about to "go down". wtf
in 20 years i've never heard this, and 3 times in 1 week. thats a six sigma.
I have only two words of advice for you: Kevlar Vest.
i'll hunker down... have a plentiful supply of the old type black talon 220 grain teflon coated. i believe that will defeat kevlar, wth i usually aim for the base of the nose anyway.
good idea, zombies only stay down with a head shot (or so I'm told).
Is a crossbow bolt as effective? It's quiet, at least, so as not to attract 'the hordes'. Range is awesome once you know what you're doing; bolts go through kevlar like a hot knife through butter. Mind you, you reallly have to earn your reloads. Ownership is more or less unregulated most places too, or so I've been told...
Reload times kind of suck.
...and you've got to get real close. I'm too old and slow to play that game. 600 yards minimum.
600 yards! You must be a Canuck; I hear any rural Albertan can shoot the eye out of a chicadee at that range, from the hip, using his Dad's ol' bolt action .22 short.
So do depleted uranium rounds and sodium and magnesium. Metal Boy.
"usually". you've pulled your piece on someone often enough to talk about "usually"?
three words...buy more ammo!
Two words: Be Invisible
Lance B. Johnson said camouflage, they're everywhere. Apocalypse Now. Coming soon the live action play, coming to your neighborhood.
What business re you in? Drug Dealer- no cause for panic. Senior citizen center director- definite panic
Actually I've had similar things happening to me recently, which in my business is definitely a little bit out there.
Had a good friend of mine remark out of the blue that he was interested in storing some food and getting firearms. I was gobsmacked - he's a very intelligent guy that was always willing to listen when I'd rant about the economy going down the tubes, but never bought in. He always seemed to think that things would turn out alright somehow.
As I tentatively waded into the conversation, he remarked that he didn't know whether the $USD would last until autumn. Re-gobsmacked.
He was talking about buying silver way back at around 35. Better late than never, I suppose.
This has been the plan from the get go. The Chinese were not interested in un-pegging,so the US embarked on a course to level the field..simple as that. Oh, and their not done yet, as bad as that may be.
Can we skip the impeachment proceedings and go straight to the public execution?....Please?
Sentence first.
Verdict afterward.
+1000
And then what?
Why fucking bother with all of this? Just fucking walk away! But... the more people get distracted with shit like this the better for me. Carry on!
sonofabich took 4 barrels down
http://www.youtube.com/watch?v=8gciFoEbOA8
http://www.youtube.com/watch?v=gDW_Hj2K0wo
when will the Russell 1000 collapse is what I wanna know?
When you're least prepared.
Next question?
http://www.youtube.com/watch?v=MJRF8xGzvj4
thanks for the chart!
All you mo mo investers who consider yourselves contrarians be careful.
The easy money has already been made. Gets harder from here.
Same coud be said about Food from here on out
BTW, the numbers are starting to get awfully close to "The Day The Dollar Died" by JohnGaltFL... http://johngaltfla.com/blog3/2009/11/18/the-day-the-dollar-died/
It's even a Friday. Maybe he was writing about next Friday?
Didn't know Lucifer could initiate impeachment proceedings.....
Watch out for the last minute sellout at midnite to reverse the fall of Fag Dollar.
Went long just before close for a little wager.
Whoopsies....
Since 6/1/2010 silver is up 85% in US$ and gold only 14%. I have a nascent theory that silver is up more that gold over that period. Looking to Liesman for confirmation.
Meanwhile the Guinean Franc is inexplicably down 14%...weird.
And what will it matter when the dollar collapses? "Hey! I can obtain A BIZILLION worthless dollars!"
I suppose people can sit on whatever they want, but seems that a bigger pile is a bit more to manage, and to conceal...
spx/dxy historectomy:
4/7/11: spx 1333.51 / dxy 75.585
8/8/08: spx 1296.32 / dxy 75.845
you know the rest of the story
There seems to have been some final, 'before the close', manipulation of oil and PM's to lower them a bit.
print the money... till we own the godamn air
Scotty, beam me aboard.
Since Benjamin is the Chairman,he can hardly use the Neuremburg defence of "I was following orders" can he?
No, he's the hitman. TPTB won't be fingered, it's Ben's job to take that to his grave...
Just because someone can rise from poverty and become a world leader does not mean they should!
And just because people can follow it doesn't mean that they should... (No gods, no masters.)
even i could interrupt those two charts, doesn't lo_ok good, boys.
dollar will go down for a while longer. These things sometimes go further than people think. I believe the end of qe2 may be a great time to go long the dollar temporarily. qe3 is probably inevitable, but there has to be a pause in between to give the fed a semblance of credibility.
end of QE2 is given. smart money will not wait for you to go long dollars, they already started loading up..
all the sheeple is looking to june for the end of QE as they jumped in the final leg of the commodity and equity rally which is called the suckers phase.. not surprisingly they will be the losers again as the tide will shift way before the event.
the sheeps buying ES @ 1330, EUR @ 1.45, and silver @ 41 will be living deads in a couple of weeks
Did you print the above charts inverted, or something?!
go short DXY at 74 and the trade will speak for itself
I'm not so sure about silver -- it may rise past $50 irrespective of QE. But what do i know?
"a great time to go long the dollar temporarily" are you, a, kind of pregnant?
already priced in and good for the retirees and jobs.
This is a matter not to be laughed at. The U.S. is slowly falling apart at the seams and you nihilists revel in that. ZeroHedge should be ashamed if itself for promoting ideas contrary to the National Welfare and censor all commentary that conflicts with the edicts of the Federal Reserve Board and its Member (ownership) Banks.
Your Constitution should be reframed in the fashion of the Great Republic of Zimbabwe and your flag re-designed using a Hammer and Sickle.
Never EVER underestimate the replacement power of equities within a hyperinflationary U.S. $ debasement orgy.
God bless America.
Did you mean: God bless Amerika?
god less amerika ..
he was long the dollar ...
blew up his account
on margin ..
religious bytches
Fucking grow up, slogan boy!
Listen, if you don't think that all those you're lambasting don't feel the pressures you're sadly mistaken. It's like this- fuck you if you can't take a joke! Humor is necessary to take some of the edge off.
But... if you think this thing is fixable then you're clearly poorly programmed. You're an ignorant fuck, one who cannot understand something as simple as gravity. Those you affix the "nihilist" label to are realists, whereas you are likely not. Because you don't like the fact that folks are telling you that gravity is going to smack your ass don't mistake it as meaning that we WANT gravity to smack your ass (though clearly you're in need of something smacking some sense into you).
If you don't like the message then leave. Lots of valleys could use a bit of filling in; and in our passage we'll look down and thank you for helping level out our steps...
Heh.
You did that with straight face. +1 on the delivery.
Hey MiningJunkie, go fuck yourself.
No chance of a relieve rally for the toilet paper, Ben cannot afford to stop printing or no one will buy Geithner's USTs. The ECB rate rise will make the hyper-CDO ESM and EFSF (offering rates of over 3%) far more palatable, guaranteed by Germany and France. Why bother to buy Geithner's toilet junk? Surely not Pimco (at least not for another quarter). And its not like Ben and Team -O will agree to let the only indicator of amerian ecunomy falter (yes the Rus 2k); so the dollar will languish even with renewed nuclear disasters. And after Portugal, the market seems happy with the amigos in Spain, so where will the toilet paper get a bid from? But fret not, Team-O and Schumer think a single-ply toilet paper will create jobs for amerika, so be thankful. And no it will not collapse, because the way the asians (esp Koreans and Jps and Malaysians Taiwanese intrevened yesterday to stop their own currencies from rising the last few months, the toilet paper will not just fall off the edge, the descent will be well-controlled. More like death by a thousand cuts for you folks, with cheap iPads and iPhones to go with.
can someone educate me? isn't this good for SPX? and isn't this what Ben wanted? Even Obama was bragging about how SPX spring to life in his speech to congress.
after they "pass" the budget I think they will have a party @ White House for the falling dollar.. Mission accomplished.
Absolutely. You're simply measuring with smaller units.
It's the equivalent of redefining the distance known as an inch as the term "foot", then measuring the square footage of your house. Presto! You live in the Astrodome.
Really, this is eight inches! Trust Me!
We should tatoo those 2 charts to "Burn the Dollar" Bernanke's face for all the world to see.
@Mining Junkie, take it easy dude we're just making light of this incredibly wack situation. Every man for himself, the Fed clearly isn't looking out for us. leave if you don't like what people say here!
www.forecastfortomorrow.com
The inception of the USD has been an abomination; allowing an elite few to pillage and rape the world. By the will of God its demise is guaranteed.
Which god?
Pay attention! The god Bernank!
I always thought God would be taller.
LOL Well, things just ain't what we've been led to believe, so I guess we really shouldn't be too surprised, eh? :-)
But at least he's got a white beard ... kinda.
I think of him as Santa!
That was the biggest shock of all. Not that there was a God, or that he was dead, but that he was so very small.
http://www.youtube.com/watch?v=w3eTsNEgmL8&feature=player_detailpage#t=86s
How much taller? Exactly please. I'm ready with my tape measure...
God must be out there somewhere. All I need is some numbers please.
Tom O'Brien has been jumping up and down trying to jawbone a rally in the USDX after being wrong continuously for six months.
"Any minute now, I swear, commodities are going to crash and the U.S. Dollar is going to rally huge! Cash is king!"
You can tell how excited he is after guzzling down four 16 oz. cans of Red Bull
Friday's podcast:
http://www.tigeruniversity.com/mp3/TOS040811.mp3
The Euro is 1.44, the dollar is tanking daily.
CAD/USD is nearing $1.05. For me this has been a good guage to watch: have been for about three years now, when CAD/USD was at $0.77.
Mark Carney and the other GS alumnis governing central banks all over the world are just doing what they are told. Tentacles of the squid, if you like. The squid says 'print', they print,the squid says 'tighten' they raise interest rates; rinse repeat. It all depends on which insider is betting on what.
That.77 rate was based on the fact that from 1920 until 1967 the Canadian quarter was 80% silver, while the US' was 90%. Since then it's all just been hocus-pocus.
That says it all: what a fucking setup the world's monetary systems have been over the last hundred years. Facts like the above make it as plain as the lily white pointy nose on a Red Shield's face, yet hardly anyone even bats an eye.
Fucking pisses me off that most people refuse to look under the hood of their money. Effectively slapping themselves in the face every time they time they use it. Fuck.
I can understand the reasoning behind coins, (de)valuation, but paper dollars? Have the materials in the printed USD been cut too?
Yes, as the content of the coin goes so too goes it's future...
You mean since the CAD overtook the USD?
If he had the directive, I`d wager Mark Carney would do whatever it takes to get the CAD/USD ratio to where his masters want it.
None of this is the Fed's fault. Benron will be appearing on da tee vee in quarterly fireside chats to explain the progess we are making. (sarc)
"Quarterly" as in "every 15 minutes"?
This is what hell looks like...yes, the inmates are running the asylum and they're getting desperately crazy. Bernanke does kind of look like a creepy devilish asylum loony bin nut job.
www.forecastfortomorrow.com
Desperately crazy. Yes, that's quite apt. I'm pretty certain that they realize that their conditioning that they can continue to control things is starting to fail. Actually, they were conditioned to believe that it was up to them to do it, and they felt like they were anointed by god, but reality is hitting them hard and they're trying to keep the masses at bay while at the same time trying to figure out how their powers could be failing them.
In some cases I believe that they really don't get that they were put in the hot seat and that at some point they'd be there when the music stopped.
When you fail at the fundamentals you will eventually fail at everything. Believing that we're omnipotent, that we can defy nature (achieve infinite growth on a finite planet) is our undoing.
It was pretty clear to me that the invasion of Iraq was out of pure fear of losing control/power (energy, as in oil = power).
When things don't appear to make sense it's likely because things are out of control.
Tough watching you guys die but I've been getting richer by 100G a week in your currency as it plunges. So much for running an economy based on vapor.
Yes, the crowd is getting larger all of the time. They are gathering into one seething mass, shrieking in fear, and ecstasy. Running as fast as they can with all of their gold and silver in their hands.Toward the fast approaching precipice.
Perhaps they will come to their senses. Perhaps only as they sense that the ground is not anymore under their feet, and that only gravity pulls.
Not slowly, and one by one, but suddenly they will awaken....too late.
The market operators ie banksters are driving the USD index down and pumping up everything else. This process will continue till there are no long positions left in the USD index and no short positions in any of the commodities, stock or currencies other than the USD.
The operators are then likely to take the long position on the dollar and short position on everything else. They would then use their money power to move the markets in the direction which would get them the maximum profit while screwing all other traders / hedge funds / investors.
The stock, commodity and currency exchanges have been reduced to gambling dens whereby the more powerful traders with deep pockets move the markets to maximize their own profits at the expense of the remaining not so powerful players. The big boys have enormous money power to move the markets in the direction which results in maximum profits for themselves. They effectively use the media to lure the other players in the market to a position where they would incur maximum loss.
The markets will fall only when the banksters have eliminated all the short positions and only they themselves have positioned themselves to profit when the market falls
OR
When an unexpected world event catches the banksters with their pants down and the softwares they use to rig the markets go berserk beyond their control.
http://www.marketoracle.co.uk/Article24581.html
Um, not that I'm arguing against the proposition that the US$ is doomed, but... I don't see how those graphs suggest an imminent demise?
So it goes up and down, and it's now in a down leg. But it was lower in 2008, right?
Graphs scaled to not show the origin typically make a small % variation look more significant than it is. What level of DXY would _actually_ signify the US$ suffling off the mortal (fiat) coil?
This is a request for an explaination, not an invitation to argument. I really don't know these things. Not a financial type. Just an engineer.
Hmmm, the DYX.
An index representing the value of a currency belonging to a bankrupt socialist state Vs a weighted basket of currencies, belonging to bankrupt socialist states, and demographic basket cases (and Germany).
What this index tells us, I have no clue.
http://maxkeiser.com/2011/04/09/ote104-on-the-edge-with-ellen-brown/
[OTE104] On the Edge with Ellen Brown April 9th, 2011 by stacyherbert..
end the sleight of hand....banking !!
http://www.youtube.com/watch?v=8iyDZBAFxKE&feature=watch_response
The meek shall inherit the earth.
James 3:13 Who is a wise man and endued with knowledge among you? let him shew out of a good conversation his works with meekness of wisdom.
Wonder who the fucktard doing all the junking of the anti rothchilds comments is.
http://www.youtube.com/watch?v=sWS-FoXbjVI
AMERICA - FUCK YEAH
I wonder if anyone has charted the fall of the US dollar, vs the amount of money printed by the federal reserve and the bailouts. I would guess it would be pretty clear to see that the huge monetary push / pomo's, etc would probably be twice what the actual fall has been, and the rest of the world is actually trying to keep prices stable, lest the inflation destroy their currencies, as well as our dollar. Aka, the world is taking one up the bum now, so that the whole thing doesn't collapse, while Bernanke keeps printing. Just my humble opinion.
Also, NO POMO.
Sorry, too much time in /fit/.
Many chart trends reflect uncertainty and lack of consensus by market participants but one chart pattern has remained constant:
Monthly S&P500 ~ http://wp.me/pTrb8-1kx
I still expect a USD rally once equity correction gathers momentum.