Bill Gross: Unless deficit is closed, the USA will be destroyed.

Quote from pspr:

Remember that his concern is for the protection of his bond portfolio from currency devaluation. With interest rates at all time lows and the Fed pumping like crazy for the third time, I'm sure he is very concerned about a devaluation which will hit bond values hard.
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He should be. US Dollar devaluation only accelerates in the year or two ahead with no real end until it gets nasty.
 
Quote from Daring:

People been calling for the end of everything since the marked turned around in March of 2009 and look at us now, multi year highs.

These so called experts know about how the future will react as much as we do.

In my opinion, the media is loaded with clowns that are as naive as we are.

Bottomline is I doubt anyone can consistently predict long term future, if they could they would not be advertising their companies on TV.
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There is a major difference to "this time" with US Dollar situation. In the past 6 months there has been a "new trend" in large international oil import deals without US Dollars. That alone changes the game as the US Dollar is now losing the "demand" side action. As more countries move away from US Dollars to transact their oil imports, the demand side for US dollar keeps heading lower. If US Dollar loses world reserve currency status everyone with US Dollars in their pockets get a dramatic very short term devaluation hit.

Can anyone tell me what the historical record is of a country with trillions in debt, addicted to central bank debt, and losing world reserve currency status for their monopoly money? Common sense screams out this does not end well.
 
Quote from shopster:

they can't.

all are harvard grads.

higher education.




" they don't lose, they just don't lose........"

:D
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well,as long as you are nominating threads, that was probably "The Least Retarded" in a while

the funny thing about emg is, he can really get to you and inspires a lot of responses

there's something to be said for consistency

If he would just switch from his unproductive enfatuation of someday making money as a trader, and devote his life to selling (which is where he is going to end up after he takes the "Edward Jones Higher Education Course") I think he will make a sale.
 
Quote from Daring:

People been calling for the end of everything since the marked turned around in March of 2009 and look at us now, multi year highs.

These so called experts know about how the future will react as much as we do.

In my opinion, the media is loaded with clowns that are as naive as we are.

Bottomline is I doubt anyone can consistently predict long term future, if they could they would not be advertising their companies on TV.
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you're a little late to the party there Daring, they've been calling for the end of everything since the "Book of Revelations" and now some say the Mayans even beat them at that.

Not sure it is the "The Oldest Profession" but it ranks right up there.
 
Quote from Moderate:

great I got some GLD for that
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yeah, me too, after a very good move, I quit trading gold and now (after listening to Rickards well thought out chart on the gold adjusted S&P) just simply keep 10 to 20% of my stock portfolio in GLD. I'll ride it up and ride it back down.

And I'll do the same with bonds I am using for income.

I have plenty of risk in other places, namely forex.
 
Quote from Humpy:

I hope it was a joke on another thread that Benny's mega plan to solve the crisis is to give $5 trillion to Greece, Spain , Italy. etc etc. If they really get spending US style it shouldn't take them more than a few months to waste that lot and be back for another hand out.

What a dummy !!

Just another example of a capitalist democracy ( well almost ) not doing the right thing except win the next election.

About time power was taken away from the masses and given to those of quality and integrity.
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if you didn't know it was a joke, I have grave doubts about you, the Queen and Great Britain, not to mention the Goddamned British Pound. If you actually went to an American school (before Orwell invented the Department of Education) you could have read the HUGE disclaimer, that it was SATIRE (I think that was something invented by Europeans) but what I couldn't understand was, If the Fed wants to make money, why don't they just short the dollar?
 
Quote from Swan Noir:

Like ours it has not YET collapsed. The treadmill --borrowing and printing-- is a very difficult one to get off gracefully. There is little doubt in my mind that nasty, persistent inflation lies ahead of us and the potential for hyperinflation certainly exists.
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modern monetary theory states that we can create as much money as we need, the only constraint being inflation
 
Quote from RenkoTrades:

There is a major difference to "this time" with US Dollar situation. In the past 6 months there has been a "new trend" in large international oil import deals without US Dollars. That alone changes the game as the US Dollar is now losing the "demand" side action. As more countries move away from US Dollars to transact their oil imports, the demand side for US dollar keeps heading lower. If US Dollar loses world reserve currency status everyone with US Dollars in their pockets get a dramatic very short term devaluation hit.

Can anyone tell me what the historical record is of a country with trillions in debt, addicted to central bank debt, and losing world reserve currency status for their monopoly money? Common sense screams out this does not end well.
More...
yes, the question is, what to short it against? And what is your time frame? And can you as Keynes warned "Stay solvent longer than the markets can stay irrational""

actually the real quote is, "The markets can stay irrational longer than you can stay solvent."
 
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