.
September 7, 2011
SouthAmerica: Reply to Eliot Hosewater
I agree with Niall Ferguson that we are entering a new period when the current new great depression will make the global economy really implode just like in the 1930's. And this time around we are not going to have the government safety nets to try to hold the major economies from going down into the abyss.
But I still think that the Germans will come up with the necessary solutions to keep Euroland going in the coming years, because of the reasons that I mentioned below as follows:
Here is what I wrote over one year ago here on the Elite Trader Economics forum regarding the euro demise:
Central Banks and the US Dollar
http://www.elitetrader.com/vb/showthread.php?s=&threadid=81958&perpage=6&pagenumber=71
...05-16-10 01:44 PM
May 16, 2010
SouthAmerica: Today, there are some fools who are predicting the demise of the euro.
The euro is here to stay, and will continue to be one of the major international reserve currencies. You can bet on that!!!!!!
In the last 10 years I wrote many articles and I also have been posting the same type of information here on the Elite Trader Forum â and I find fascinating how nobody is talking about this subject on the mainstream media.
Anyway, you donât need to be a rocket scientist to figure out that if the euro system disintegrates - as some fools are predicting â the independent countries with their old currencies will be extremely vulnerable to speculative attacks from the hot money as never seen before.
It is foolish even to contemplate going back to the old currencies for the countries that makes Euroland such as France, Germany, Spain, Portugal, and so onâ¦
With the amount of money that moves around the world at the speed of light on a daily basis, and the amount of money keeps growing year after year - the amount of daily currency transactions in the global markets are in the trillions of dollars and the hot money moves faster and faster all the time.
It does not matter how the current euro crisis is resolved, at the end of the day all these countries that are under the euro umbrella are better of than if these countries returned to their old currencies.
The countries that belong to the euro system have to refine and fix the problems that are coming up regarding their currency system â But there is one thing that you can bet for sure: thereâs no going back to the old currency system prior to 1999.
If you think the euro monetary system is going to collapse and meltdown, then you are a fool.
I am sure that the Germans will figure out how to fix the euro monetary system â and in the coming years the euro will continue to grow as a major international reserve currency.
The problems that they are having in Euroland with Greece, Portugal, Ireland, and Spain, are nothing compared with the problems inside the US dollar currency system â California, New York, Michigan, and many other states in the USA are becoming real basket cases â and these are the main pieces of the US economy.
*****
Central Banks and the US Dollar
http://www.elitetrader.com/vb/showthread.php?s=&threadid=81958&perpage=6&pagenumber=82
...Keep in mind that the ball game has changed in a drastic way since 1995 when a little over $ 1 trillion dollars moved around the world on a daily basis, and that was a time before the euro. Today we have a much complex international market with the amount of money that moves around the world at the speed of light on a daily basis, and the amount of money keeps growing year after year - the amount of daily currency transactions in the global markets in 2010 it is estimated to be around US$ 4 trillions of dollars.
As I have been saying on my articles for many years:
âToday the amount of hot money that the international speculators have under their management is becoming mind-boggling. The amount of daily currency transactions in the global markets is in the trillions of US dollars.
Countries are losing their capability of defending their weak currencies from the foreign attack of these international money speculators.
It is getting easier and easier for these international speculators to destroy the entire economy of countries such as Russia, Indonesia, Malaysia, Thailand, Korea, Argentina, and Brazil, all they have to do is destroy their currency and these economies have a complete collapse. It is a form of modern economic warfare. These countries don't have the economic reserves necessary to defend their currencies from foreign speculative attacks."
In a Nutshell: It is getting easier and easier for these international speculators to destroy the entire economy of countries such as Russia, Indonesia, Malaysia, Thailand, Korea, Argentina, Brazil, Greece, Portugal, Ireland, Spain, and so onâ¦all they have to do is destroy their currency or torpedo their government outstanding debt, and force these economies into a complete collapse. It is a form of modern economic and financial warfare.
.
September 7, 2011
SouthAmerica: Reply to Eliot Hosewater
I agree with Niall Ferguson that we are entering a new period when the current new great depression will make the global economy really implode just like in the 1930's. And this time around we are not going to have the government safety nets to try to hold the major economies from going down into the abyss.
But I still think that the Germans will come up with the necessary solutions to keep Euroland going in the coming years, because of the reasons that I mentioned below as follows:
Here is what I wrote over one year ago here on the Elite Trader Economics forum regarding the euro demise:
Central Banks and the US Dollar
http://www.elitetrader.com/vb/showthread.php?s=&threadid=81958&perpage=6&pagenumber=71
...05-16-10 01:44 PM
May 16, 2010
SouthAmerica: Today, there are some fools who are predicting the demise of the euro.
The euro is here to stay, and will continue to be one of the major international reserve currencies. You can bet on that!!!!!!
In the last 10 years I wrote many articles and I also have been posting the same type of information here on the Elite Trader Forum â and I find fascinating how nobody is talking about this subject on the mainstream media.
Anyway, you donât need to be a rocket scientist to figure out that if the euro system disintegrates - as some fools are predicting â the independent countries with their old currencies will be extremely vulnerable to speculative attacks from the hot money as never seen before.
It is foolish even to contemplate going back to the old currencies for the countries that makes Euroland such as France, Germany, Spain, Portugal, and so onâ¦
With the amount of money that moves around the world at the speed of light on a daily basis, and the amount of money keeps growing year after year - the amount of daily currency transactions in the global markets are in the trillions of dollars and the hot money moves faster and faster all the time.
It does not matter how the current euro crisis is resolved, at the end of the day all these countries that are under the euro umbrella are better of than if these countries returned to their old currencies.
The countries that belong to the euro system have to refine and fix the problems that are coming up regarding their currency system â But there is one thing that you can bet for sure: thereâs no going back to the old currency system prior to 1999.
If you think the euro monetary system is going to collapse and meltdown, then you are a fool.
I am sure that the Germans will figure out how to fix the euro monetary system â and in the coming years the euro will continue to grow as a major international reserve currency.
The problems that they are having in Euroland with Greece, Portugal, Ireland, and Spain, are nothing compared with the problems inside the US dollar currency system â California, New York, Michigan, and many other states in the USA are becoming real basket cases â and these are the main pieces of the US economy.
*****
Central Banks and the US Dollar
http://www.elitetrader.com/vb/showthread.php?s=&threadid=81958&perpage=6&pagenumber=82
...Keep in mind that the ball game has changed in a drastic way since 1995 when a little over $ 1 trillion dollars moved around the world on a daily basis, and that was a time before the euro. Today we have a much complex international market with the amount of money that moves around the world at the speed of light on a daily basis, and the amount of money keeps growing year after year - the amount of daily currency transactions in the global markets in 2010 it is estimated to be around US$ 4 trillions of dollars.
As I have been saying on my articles for many years:
âToday the amount of hot money that the international speculators have under their management is becoming mind-boggling. The amount of daily currency transactions in the global markets is in the trillions of US dollars.
Countries are losing their capability of defending their weak currencies from the foreign attack of these international money speculators.
It is getting easier and easier for these international speculators to destroy the entire economy of countries such as Russia, Indonesia, Malaysia, Thailand, Korea, Argentina, and Brazil, all they have to do is destroy their currency and these economies have a complete collapse. It is a form of modern economic warfare. These countries don't have the economic reserves necessary to defend their currencies from foreign speculative attacks."
In a Nutshell: It is getting easier and easier for these international speculators to destroy the entire economy of countries such as Russia, Indonesia, Malaysia, Thailand, Korea, Argentina, Brazil, Greece, Portugal, Ireland, Spain, and so onâ¦all they have to do is destroy their currency or torpedo their government outstanding debt, and force these economies into a complete collapse. It is a form of modern economic and financial warfare.
.