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#1
13-04-2008, 23:40
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Trillion-Dollar Meltdown
Russia China and others has been telling its people to change the US dollars into Euro's and drop the dollar!
This video is very interesting, if you have 40 minutes watch this video and see whats coming soon to the USA !!!!!! George Green (The Big Picture-An economic forecast for coming times) 
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#2
14-04-2008, 05:57
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Watched the first 20 mins so far.. Agree with him and basically its an echo of what I have been saying on here for a couple of years..
As to the Russia thing.. Putins main economic hitman was active over at gold rush 21 gold conference (interesting DVD from that), they know how this is going to play out.
__________________
Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
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#3
14-04-2008, 06:11
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OK hes just started beyond his economic predictions and getting a bit too tin foil.. Interesting guy but let me lower my ringing endorsement
__________________
Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
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#4
14-04-2008, 08:43
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Didn't watch it. But as you wander around the interwebs, most of these anti-dollar guys come across as total nut jobs. Complete anti-establishment wackos that figure you need to keep a M-16 close and your gold far away in a Swiss vault. I find it suspicious that they can't just discuss fundamental economics without getting into the more extreme socio-political stuff. So it makes me more suspicious of the longer-term (2-3 year) anti-dollar story.
__________________
☢ ☣ Women with a past and men without a future grope and shuffle on the dance floor. ☣ ☢
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#5
14-04-2008, 09:00
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You want an economics guy...
Try Soros.. The Face of a Prophet - New York Times Averaged 30.5% annually after management fees from 69 to 2k !!! Predicting the meltdown.. Will probably buy his ebook later today (if I cant find a torrent  )
__________________
Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
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#6
14-04-2008, 10:19
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The End is Nigh! (for the end of the $ decline that is!)
What nut job thinks China wants the $ to decline?
Reading stuff like this suggests the pendulum has nearly reached its apex - even the nut jobs are right sometimes - but doubt for long. I note with interest the change in text of the G& communique which is close as your going to get to a warning that this volatility will end is coordinated intervention. Get real - if the US goes into recession/depression - you reckon anywhere else will fair better - nah thought not! If you have the tin foil hat tendencies then gold is still the place to be for now.
__________________
Its My Life ..........!
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#7
14-04-2008, 10:25
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Yes but I don't recall him saying the US is going to implode like some of the tinfoil hat wack jobs. For sure he and others are beating up on the US$ for good reason and sees the need for change, but if things changed, then I am sure they would go long $. Does he still beat up on the UK Pound? Unlike the tinfoil hat guys, Soros isn't all but asking for anarchy. Was thinking of checking out his book. I think you should buy it. No excuse to steal it.
__________________
☢ ☣ Women with a past and men without a future grope and shuffle on the dance floor. ☣ ☢
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#8
14-04-2008, 10:33
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That is my uneducated gut feel. Nice to see it shared by someone with a more analytical view. Today there are food riots around the globe. Oil price is a huge problem we are only starting to feel. It is only gong to get worse if this isn't nipped in the butt. Prop up the USD and problems solved. They will break whatever rules they need to make it happen. At least time is bought for a new person to get into the whitehouse and turn off the Iraq taps and clean up the housing mess. All countries will get on board with that because it is in their best interest for the short-term.
__________________
☢ ☣ Women with a past and men without a future grope and shuffle on the dance floor. ☣ ☢
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#9
14-04-2008, 11:38
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Agreed totally.. But EUR touched 1.59 on Friday.. They have to start jawboning dont they ?? Or at 1.65 ?? Or what ??
__________________
Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
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#10
14-04-2008, 11:41
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I would buy it today if the printed one was on sale.. I feel cheated paying the same price for the digital as for the full media.. Will probably have at least one real copy once it is out even if I read the digital (cos I wil post it to my old man).. My justifications and excuses As to the end is nigh stuff.. Hes calling for total financial armegeddon.. 29 stuff etc.. Hes easily as far put there as many of the newsletter people I read who are card carrying hatters.. The last book of his I read was 'the bubble of American supremacy' where hes talking the end of the US as a super power..
__________________
Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
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#11
14-04-2008, 11:46
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not just around the corner but I can see USA falling behind China, EEC (especially the Euro as a currency) and possibly even India in the next 20-30 year cycle..... who would have thought that late last century
__________________
 ....but of course I was verey verey draaank at the taaame!!!
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#12
14-04-2008, 11:50
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Rising commodity (and food) prices are not just a USD phenomenon.. They are happening globally in most currencies (stablizing the dollars fall wont stop that).. Why is that happening with all fiatr currencies ?? because of inflation pure and simple. What is inflation ?? The increase of money supply correlates with a 99 coefficient with the rate of inflation.. You could say the rise in prices that measures inflation is simply measuring the effect of not the cause of inflation. Inflation is caused by a growing money supply and hence a debasement of the currency. Those easy money policies and fed creating money from thin air are now feeding back into price rises.. This is all paying catch up for the greenspan put thats been in place.. While the greenspan put fed into inflation in assets (stocks, real estate, etc) the world rejoiced, they felt richer.. They borrowed more.. They fed the monkey. Now they cant borrow more, they are maxed out, at the same time they have run out of the greater fool to resell to, they realize how much debt thier in and those assets no longer look so appealing, at the same time interest rates may start to approach historical norms (what is that 8% ??) and those assets will need to crash, and that over abundance of money supply will feed into killer killer inflation wiping out savers assets with the stealth tax of increasing the money supply for government spending. I say the darkest hour will be before dawn but we are not even halfway into the night.. But then I am a glass half full kinda guy
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Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich. Last edited by LivinLOS : 14-04-2008 at 11:55.
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#13
14-04-2008, 11:53
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Thats the one I really have a hard time buying.. Theres simply too much history of innovation, theres a very broad independent character trait in the 'western' mindset that I see as being a good problem solver and good analytical solution maker that I see less of in other cultural minds. The ability to stand alone more, the innovator and inventor aspect. I do think there may be a drastic leveling of living standards tho, and that in itself may be very painful to the westerners I am talking about.
__________________
Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
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#14
14-04-2008, 11:55
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i think a big bubble awaits both of those regions i just dont believe in economies where 99% of the wealth is held by 1-3% of the population
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#16
15-04-2008, 13:45
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As long as the West does not get feminized out of existence. As long as the west pursues a respect for failure. As long as western goverments don't atempt to have a guarateed medicracy. Yes, I agree. Polititans promise feminization and medicracy in the name of Marx. The public in the US has rejected that so far....and has succeeded. To the benefit of themseves and the world. Last edited by LuckyB : 15-04-2008 at 13:47. Reason: clean up
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#17
15-04-2008, 20:49
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Meltdown of U.S. Dollar Underway as China Dumps the Currency
Comments by China that it intends to move away from its reliance on the dollar triggered a sharp drop in the Dow Jones Industrial Average and heightened worldwide fears about the U.S. currency's stability.
Meltdown of U.S. Dollar Underway as China Dumps the Currency
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#18
15-04-2008, 21:00
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that article doesnt seem to be correct it says the US dollar/CAD was at its lowest in 57 years after the comments but it didnt even get to under par yesterday
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#19
16-04-2008, 08:27
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well works the other way too....if you want to get something done you just make a law....paves the way for rapid future expansion in China's case...Chinas biggest concerns are skilling at a compatable rate to growth + inflation...I have been amazed at the build quality of furniture coming out of there especially in the last year....as good as and soemtimes better than Europe for about a quarter of te price!!! bet if you break down the USA's wealth it would be very similar to Europe....say 90% held by 10%
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....but of course I was verey verey draaank at the taaame!!!
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#20
16-04-2008, 09:18
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Due to some sillyness I am trying to get planned for next year I have been in contact with some chinese motorcycle and scooter makers (and following web forums that discuss them).. even as close as 2 or 3 years ago chinese made scooters were a piss poor collection of badly dont nuts and bolts.. Suddenly in the last year or so theres now 10's of new companies producing all kinds of bearable to OK quality motorbikes at mind boggling prices. OKI admit theres some very dodgy IP stuff, they nick old honda engine designs and similar but the fact is brand new dirt bikes for 1000 USD will sell !!
Remember when made in Japan meant crap ?? Well now look at it.. I tend to think China will up the ante and rapidly learn to make low grade and high grade products and still keep prices at a fraction of western produced items.
__________________
Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
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#21
16-04-2008, 09:19
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BTW.. That doesnt mean i think the Chinese stock markets are a buy.. Way too little transparency or good accounting practices there for me to be comfortable.
__________________
Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
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#22
16-04-2008, 10:13
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funny you should say that.....last time I was in Beijing I went out with some guys in the my industry who both had stockbroker wives....seemed a bit of an in joke but from what I could work out the gals were giggling behind their hands about pulling in 10x the bucks the guys were doing and the guys wee involvwed in sonme large multi-story developments..... a puzzled look and the odd frown and it was revealed to me by the grumbling guys that these gals had the inside info on which comapnies were being backed or semi backed by govt or those in the know with govt.....what I wouldn't give for that sort of info.....555
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....but of course I was verey verey draaank at the taaame!!!
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