Somebody is angry, tired and ashamed. December 26, 20004 magnitude 9 Earthquake was a warning. But nothing changed for the past 6 years. Somebody has suffered for past 6 years. Now the world will suffer. When something blows up somewhere, world people will understand properly.
Just like the richest State in the Union, so it is with the USA. Abysmally poor leadership to take the richest country in the world to bankruptcy in only a few years. Elect a stupid idiot to the Presidency and the USA is stuck with him for 4 years. The US system needs reforming so if a mistake is made, a " vote of no confidence " gets rid of the sucker. In private life a bankrupt person is forced to sell off their assets to pay their bills. If the creditors could take their bite out of the US there wouldn't be much left. That is how bad it is and quite unnecessarily so. I can see a big shake up coming and it won't be pretty. The Democratic system has produced useless leaders and will likely go or be radically changed. None of this bumbling on and on while the country cracks up. :eek:
it took a century to bankrupt the UK. we live in fast times. it must be the internet. it is all al gore's fault as he claims he invented the internet. the real question is not is the US bankrupt but whether the US is about to reach the tipping point of default or a near valueless currency. ted turner the lefty owns half of patagonia on the chilean side of the border. that should tell u everything.
This being, you know, a freakin' trading site, I'm wondering: 1 - Should I add to my bond holdings to take advantage of the fact the ET Economics forum has decided its all going to pot, even though the dollar has been rising relentlessly since QE2 was announced, or... 2 - Should I cash in my gold hoard? I think I'll do number one. Number two I'm not too sure about yet. The eurozone is still looking shaky.
"relentlessly" against what ? can u show correlation? the answer to the 2nd question is obviously no since qe on this scale has not been tried before in the US. it has beentried else in the world at diiferent times. the result has always been severe debasement of the currency. it is already true recently for the $US against the $C and the $Aus i am curious about your answer to the 1st question. is it against physical commodities? is it against the garbage currency the euro.
The big red line is when it was announced. Down going in, up since then. I don't trade the dollar, so I don't keep track of who or what it's going up against. You'll have to ask someone who does. I only track it as background info for the stuff I do trade. Bond futures: The opposite: up going in, down since then. Notice the curl at the end. I'm thinking it might be time for this to reverse. Given that 80% of you think it's all over, that looks more like the correct stance.
Thinking about it, that would argue against cashing in the gold yet. Gold is an interest-rate play above all. If rates are going to slide again, it's not yet time to cash it in.
Embrace the worldwide collapse of Socialism!! Socialism has not worked ANYWHERE, AT ANY TIME but that doesn't bother the Left somehow.. they never answer questions about who is going to pay for all the services. They won't even go on Foxnews and allow such questions in their presence!! The future holds a few exciting events, coming to neighborhoods near you!! Starvation of the elderly, people lining up and dying at hospitals, the usual rioters and riots... and of course, appeals that we show "compassion"... do me a favor all advocates of "compassion", f%^k off with the compassion via government shit, it opens the doors to bums and they overwhelm the system... get your own f%^king wallet out and show us all where you are coming from, no really... your own money, get it out, give it to the needy... I sort of fail the "empathy test" [or pass the psychopath test, whatever] so all this doesn't bother me a lot, suckers are born and they die.. but at least I'm not in denial about the reality of what is going on, or how bankrupt the frigging U-frigging-S-of-A is or will be eventually [hint: they promise stuff to the tune of $60 to $200 Trillion (don't buy into the official debt estimates, it's all bullshit) that they can never deliver on]
Iâve observed the virtues of socialism. They are poverty, dependency, and fear. Yet those of us who espouse freedom, integrity, and responsibility are painted as uncompassionate. Unfair, I say. Watch gold next week. If it breaks lower, get ready to short. Itâs sitting on support right now.