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How did he "blow it" on the USD? He's long Yen and the Remimbi (sp?), not short the $ AFAIK. He's not trading currency pairs, he's holding. He also said a few months back he was using this run up to get out of the remainder of his $USD. Probably not a bad idea.

Yeah, baby. EPIC FAIL!!! <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/opMw9X0TlfM&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed...

Going out on a limb here and guessing Obama will NEVER revoke any of Bush's fascist "signing orders" or try to rescind FISA, Patriot Acts or any other fascist laws. I predict a full assault on the Bill of Rights and the Constitution starting with Freedom of Speech (especially the internet)...

I'd like to see that movie. Just reminds you that things seemed bleak in 1981 when the movie came out and it turned out the next year was the start of a twenty year bull market. Go figure. <object width="425" height="344"><param name="movie"...

Let me help you out. Margin = Leverage = Debt All better now?

LOL. It goes where the goblins go. Below. Below Below Below. Ding Dong the Wicked Debt is dead. :D

Uncle Larry (cont) --------------------------------- My answers: First, you don’t need a gold standard to accomplish a devaluation of currencies and revaluation of the monetary system. By offering to pay over $10,000 an ounce for gold, central banks can effectively accomplish the...

For a chuckle here's a post by scam artist perm-bear/gold nut Larry Edelson who goes into detail about this theory of all currencies being devalued against, YOU GUESSED IT - GOLD. Yes folks, the world will be going back to a fixed exchange rates and gold prices. This guy is a known scammer who...

That IS way outside the box. Could be possible if they reframed it for China to save face - "China rescues the world by accepting defaults". Definitely a hard sell. Maybe WWIII material. Of course they could just let the economies adjust thru free market mechanisms and BK courts like it...

The Top 25: http://www.vanityfair.com/online/politics/2008/10/wall-streets-25-biggest-losers.html :D

Todays clown prince - Sheldon Adelson Schadenfreude rating: :D :D :D :D :D http://blogs.wsj.com/wealth/2008/11/12/what-is-it-like-to-lose-100-million-a-day/ If you are feeling bad about your 401(k) losses, consider the case of Sheldon Adelson. His investments have declined by more...

Again, complete bullshit brought to you by the US government. Why are the banks trying to do this now? Maybe they're worried about Obama changing the BK laws and they would get NADA. :D

Yeah, it's obvious. The Fed and Treasury have been trying to do that for about a year now while fighting deflation. The question is HOW they will do it (or fail) which you didn't manage to explain. The $ floats against all major currencies and assets except China. You think they're...

Understand it. What do YOU think they're going to do? Explain how it plays out.

Bush was just trying to get thru his speechifying without f'ing up. He didn't make it.

Why don't you splain it to us? I'd love to hear how this is going to work (or not work).

Interesting. Just to clarify, you mean default of SOVEREIGN debt?

Do Short Sellers Front-Run Insider Sales? The answer is YES! YES! and YES!

Someone splain to me how you devalue ALL currencies simultaneously? AFAIK you can't devalue a currency unless it's pegged. China COULD let unpeg tho. Which would definitely devalue $USD relative to China.

They already received $47 Million from the Federal Govt. Do they just automatically deposit that in the Detroit politicians accounts or do they have to pretend to do something first?