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"Farmers Will Drive Ferraris, Not Bankers" I hope so! Please no GMO shit either!

If you read the details of the latest from the Fed plan you will see the new QE 3 is just more transfer of wealth to banks. The US Dollar and taxpayer lose again. The whole Fed policy is such a blatant attack on the economy since the Fed is also paying Banks not to loan money. If you read...

US Dollar is looking real good this week. LOL

With a brand new trend change away from US Dollars for oil trade deals everything changes. Whether it is euros, SDR's, or some other currency, the old and established "support" for the US Dollar is in decay. This leaves the US Dollar on track for an acceleration of devaluation. All US...

Only facts. The world is dependent on oil in a massive way and most of the world uses US Dollars to transact their import consuption. Yes or No? If you don't believe this then you are not in an informed place to even discuss this reality.

Not at all. The worlds fiat currencies are dropping in local buying buyer together as a group regardless of what they are doing compared to one another. The US problem is very different too, we have "the currency" which is used for most of the worlds oil transactions. Once that goes away we...

That is good. We need the losers to feed the winners, that is how the game works. The winners can't win without the losers on the same field.

oldtime, I am talking about "buying power" of the US Dollar for the common man. The fact is, the US Dollar is only really in demand because of the ties to large oil trade transactions. Once the "need" for the US Dollar to transact large oil trade deals is gone the US Dollar is in big trouble...

JCL - very cool thread! I have a programmer do all of my systems work but I would like to learn the programming side. I run ats in NT7 and I am also setting up a system in MC. Looking forward to following the thread. :)

Really? The value of the US Dollar will drop rapidly in a short time and everyones buying power will be the pain. A paycheck from a job suddenly worth 30% less, or a SSN check for an old lady suddenly worth 30% less, you should be getting the picture. The big export and oil trade deals...

Great post sir! Most traders I know, that had your type of a background, all corrected their limitations through a transition to very simplistic trading systems. Real simple mechanical based trading worked to make the breakthrough. The "I gotta be right" crowd, which is many of us, need to dumb...

I believe a sudden and rapid dollar devaluation over a 3 to 6 month period will be the ultimate trigger point. It is close, and the end of this fiscal circus tent will come down.

There is one "absolute" in the equation. The government as we know it will collapse with the current fiscal trend, so all the lefties programs will die a very harsh death. LOL! There is absolutely no way around this fact, no tax increases at any level will ever put a dent in the disaster we...

The federal government needs to be gutted at every level before anything else (Dept of Edu slashed, IRS cut in half just as a start, corrupted FDA completely revamped, HEW spending hacked, DoD 20% immediate cuts, DHS gone, TSA gone, and on and on). America does not need one single tax...

Obama was brought in to finish the destruction of what we have. Not Obama himself, but a hack in office that will aid and abet the overall agendas in motion. He was protected through the entire process, and sold well to just enough dumb fu*** to get him in. I feel the same way about Bush, but...

Pounding Euro today. Short above 1.2795 since this is over a 2nd deviation move in past 24 hours. I will build a position and take profits at 1.2740 and 1.2690 in the next few days if the Euro sells off by Tuesday. If we trade to 1.2835 or higher I will sell the Euro one additional time and...

Dollar devaluation with Euro up big brings in Equities buying. No fun sitting on billions in your fund as cash and watching it go backwards everyday. I did finally start selling into this rally today, and I like these pricing levels for a 3 to 7 day short trade.

If it was "lady" traders only you could call it "Amatuers Night" at the Traders Top Club. LOL!

As of today about an hour ago I am in 200% inverse of Russell 2000 and S&P500 longer term positions. Euro I am selling above 1.2795 but that I am doing with futures trades. I only trade ETF's for 3 to 7 day directional trades.

I like the plan! The trader development part in a planned multi-month process is the best part.