SHORT EURO !!! Germany try to implement penal servitude in Europe,
- Thread starter Salmon
- Start date
You don´t watch news? Europe hasn´t money and Germany try to force EU states to let Germany manage their budgets. Germany try to supremacy european states like in II. world war. Also EU wants subsidize european companies lest don´t go bankrupt. EU is going bankrupt, sell (short) euro while you can, you will make big money.
If the above information has any merit it is an act of desperation. I have been watching the correlation between gold and the Euro. There is alot of parraellism in the charts. If the mandate from the EU leadership is as such then it will be the swan song. It was a failed atempt at an American style of Government. The Chinese will break the EU of there non compliancy of the globalization process. The false guise of ISO XXXXXX, the antitrust lawsuit of US based companies to protect the Fatherlands interest will only make the price cheaper on the buy of soveriegn debt. The continuation of protectionist measures in the EU market will only leave them out in the cold in the years to come. As the African continent is developed by the Chinese the resuources once held by the European upperclass will transfer to a Sino centric world.
The lack of transparency of the European leader is laughable at best. Let them bail themeselves out.
Welcome to Planet Misery,
Akuma
BUY GOLD!!!
The lack of transparency of the European leader is laughable at best. Let them bail themeselves out.
Welcome to Planet Misery,
Akuma
BUY GOLD!!!
well if you're going to just sell things based on how bad they are, the EUR is probably stronger than the dollar, and I don't care how long you are gold, the government will ultimately decide if you can sell it and what it will be worth.
If curencies go down just because the government is bad the dollar should be way down, but recently it has been pretty strong, and I don't see USA doing anything particularly good recently, so maybe over some long time bad and down have some correlation, but not in the short time frames I usually trade, but thanks for the advice.
If curencies go down just because the government is bad the dollar should be way down, but recently it has been pretty strong, and I don't see USA doing anything particularly good recently, so maybe over some long time bad and down have some correlation, but not in the short time frames I usually trade, but thanks for the advice.
"well if you're going to just sell things based on how bad they are, the EUR is probably stronger than the dollar, and I don't care how long you are gold, the government will ultimately decide if you can sell it and what it will be worth."
the market will decide the price of gold not the government.
because the government is continuing to debase the $US, people in the US will never give up to the government the physical gold or gold coins that they are currently holding.
your remark aligns quite accurately with your views on giving up personal freedom to the government TSA for a supposed safety in the sky. that argument was debunked on another thread.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=233353&perpage=10&pagenumber=1
the government completely controls gold and always has. With one stroke of the pen they can confiscate it. It's laughable you don't understand that, look what they did to pot. And that's just a weed anybody can grow in their house or back yard. They can fix the price as they did pre Nixon, they can outlaw it as they did FDR, and they can decide if it's legal tender.
You can't even get on a plane without the government grabbing your balls, and yet you think you can stand up to them when it comes to them grabbing your gold.
The use of IEEPA is subject to two preconditions. There must be a threat to the national security or the economy of the United States, and the threat must originate from abroad. There is some after-the-fact notification to Congress, but in general the president possesses near dictatorial powers to respond to a national emergency. The circumstances now unfolding meet the conditions of IEEPA. The president meets with his economic and national security advisers and speechwriters to prepare the most dramatic economic address since the Nixon Shock of 1971. At 6:00 p.m. New York time on day two of the global dollar panic, the president gives a live address to an anxious world audience and issues an executive order consisting of the following actions, all effective immediately: ⢠The president will appoint a bipartisan commission consisting of seasoned veterans of capital markets and âeminent economistsâ to study the panic and make suitable recommendations for reform within thirty days. ⢠All private and foreign-owned gold held in custody at the Federal Reserve Bank of New York or depositories such as the HSBC and Scotiabank vaults in New York will be converted to the ownership of the U.S. Treasury and transferred to the U.S. gold depository at West Point. Former owners will receive suitable compensation, to be determined at a later time. ⢠All transfers of foreign holdings of U.S. Treasury obligations held in electronic book entry form in the system maintained by the Federal Reserve will be suspended immediately. Holders will receive interest and principal as agreed but no sales or transfers will be allowed. ⢠All financial institutions will record U.S. Treasury obligations on their books at par value and such securities will be held to maturity. ⢠Financial institutions and the Federal Reserve will coordinate efforts to purchase all new issuance of U.S. Treasury obligations in order to continue the smooth financing of U.S. deficits and the refinancing or redemption of any outstanding obligations. ⢠Stock exchanges will close immediately and remain closed until further notice.
Rickards, James (2011-11-10). Currency Wars: The Making of the Next Global Crisis (Kindle Locations 3956-3973). Penguin Group. Kindle Edition.
Rickards, James (2011-11-10). Currency Wars: The Making of the Next Global Crisis (Kindle Locations 3956-3973). Penguin Group. Kindle Edition.
""the government completely controls gold and always has. With one stroke of the pen they can confiscate it""
the statement is prima facie nonsense. the government cannot confiscate. people will give a thousand excuses what happened to their gold. gold will become the alternative currency, if the $US dollar is recognized only as fiat i.e. a worthless piece of paper.