globalintelhub's blog

Hitler said often that the bigger the lie, the easier it would be [for the masses] to believe.  This is no where more true than Forex.

The further you go towards the tails of the bell curve, the more similar social characteristics.  In a society that has been even more polarized, we increasingly see similarities between the very wealthy, and the very poor.  The declining middle class is more and more a world of it's own (as the elite used to be). 

In Summary, the Superclass "Elite" UHNWI and the ultra poor have the following in common:

Westerners have a deep history of a culture of myths (see Joseph Campbell).  We love to believe in Santa Claus, "The American Dream," the Tooth Fairy, housing market always goes up, and countless others.  So it's easy for us to be 'terrorized' by a myth; that hiding behind every corner are evil 'terrorists' waiting to blow themselves up because 'they hate our freedoms.' 

Prepping has not only gone mainstream, it's infected even the billionaire culture as referenced recently on a ZH article:

Don't forget Forex is countertrend market (generally) - here's a strategy to play the Forex 'fix' 

Companies used to build things.  Not because they were noble, but because they had no other choice.  Selling snake oil simply wasn't possible on a large scale, for a long time; in the previous economy.  Now, like during the dot com boom, all you need is a phone, a website, and a power point machine.  Actual sales, or an actual product, it's so 80's.

Today shares for VRX "Valeant" Pharmaceuticals was haled 4 TIMES:

If we don't prepare for the coming high tide, we may all drift out to sea.

Scared by the recent surprise CHF event that caused many Forex brokers to completely collapse, brokers are taking no chances as Greece sits on the brink.  From one broker:

California is an interesting place.  Probably something like California never existed before.  A barren state with no substantial natural resources, with cities constructed mostly directly over major fault lines, no water, the highest per capita immigrant population of any US state, and of course, also the state with the highest population per capita of lawyers.  "Land of fruits and nuts."  or "La La Land" according to the LA Times:

We have recently witnessed many 'firsts' such as one of the largest storms in the Pacific, the most severe acute health risk in modern times, and a global financial system on the brink of collapse.

An interesting week for the evolution of Forex!  

The most commonly used introduction in any Forex business for the past 3 years: "US or Non-US"

Let's examine what happened from the beginning.  An extreme right wing group, with US and NATO support (according to released internal transcripts), overthrew the legitimate Ukrainian government (illegally) via violent coup.  The fact that this group had western support is not important really, but should be noted.  So according to 'international law' - this 'country' is NOT Ukraine.  Ukraine cease to exist when this happened.  The new 'government' - not popularly elected, seized control by force.

The situation with Russia should give investors and traders a reason to brush up on their history, as current events take root in things that happened 50, 100, and 200 years ago.  To understand this, can provide perspective, during an information war, where it's not easy for some to separate facts from beliefs and propoganda (on both sides).  The relationship between US and Russia has always been interesting, as we shall explore.

The cultural divide

The Forex market is dead and dying, in parallel with the US economy; which is fitting, considering the US is still the world reserve currency.  

Significant harbingers that have changed the Forex market forever: