No. Actually if you looked at the chart carefully, before the intervention of the Swiss bank, USD/CHF has already reached its bottom and changed its trend and started reversal. In other words, USD/CHF was predetermined to go up. The Swiss bank just did the favour or let what was predetermined to happen happen.
Why do Europeans give up sovereignty?
- Thread starter Lucias
- Start date
Plus, intervention always plays the role to forward the price in its trend or plays the role to create a correction wave against the current trend.
In short, intervention can also be explained by technical analysis. Technical analysis explains everything.
For me, I seldom read any news or information regarding the market. Again, technical analysis explains everything, which never goes wrong so far. That's why I said there is an invisible hand(I don't what it is so far? Once I thought I should start to read a bible.) which controls the market whether you believe it or not.
In short, intervention can also be explained by technical analysis. Technical analysis explains everything.
For me, I seldom read any news or information regarding the market. Again, technical analysis explains everything, which never goes wrong so far. That's why I said there is an invisible hand(I don't what it is so far? Once I thought I should start to read a bible.) which controls the market whether you believe it or not.
The Feds have been infringing on States rights for a long time and have grown large and powerful. So powerful, that the Feds believe and act like their power trumps all State and individual fights... NOT what the Founders envisioned at all.
In addition, activist courts (especially the Supreme Court) tend to rule in favor of the Feds.
In other words, we didn't voluntarily give up sovereignty.. they sort of took it little-by-little and the States didn't stop them when they should have. Now, we have presidents who serve much like Kings and an oligarchy which allows them to do so.
now we know why Hungary sold out.
http://finance.yahoo.com/news/hungary-aiming-10-15-billion-170853109.html
http://finance.yahoo.com/news/hungary-aiming-10-15-billion-170853109.html
we are right.
http://www.telegraph.co.uk/comment/...about-the-euro-thats-why-Europe-is-angry.html
I know some people are unsettled to see all these powerful Europeans getting so very, very cross. Angela Merkel has said that we werenât even negotiating properly. Nicolas Sarkozy can hardly bring himself to mention Britain by name and has been filmed apparently refusing to shake David Cameronâs hand. Across the Continent, the papers are full of wrathful headlines about the general arrogance and stupidity of the Englanders/Anglais/Inglesi. I watched some poor Lib Dem Euro MP who seemed about to explode with disgust at the UKâs handling of the recent summit.
And there must be many people in this country who find themselves a bit spooked by the vitriol of the criticism. For some days, the BBC has been telling us in sepulchral tones that we are âisolatedâ and âmarginalisedâ â as if a decision had been taken to abandon us in our misty island like a bunch of woad-painted savages. So I hope everyone will be reassured if I point out that our European friends and partners arenât really angry about the summit. Everyone is behaving as if there were something epoch-making about David Cameronâs use of the veto â as though some national Excalibur had been finally plucked from the rock, or as Trident had at last been launched from its briny lair.
The reality is that plenty of prime ministers have blocked things that arenât in this countryâs interests â from Thatcher on the EU budget to Tony Blair on the withholding tax. And plenty of other prime ministers have been far more obstreperous than the British â one thinks of Felipe González of Spain, who used to hold up EU summits until he felt he had got his hands on enough Irish cod and haddock.
No, they arenât really angry with us for opposing the new Treaty for Fiscal Union. The reason our brother and sister Europeans are so chronically enraged with the British is that we have been proved completely right about the euro. For more than 20 years, British ministers have been coming out to Brussels and saying that they just love all this single-market stuff, but that they doubt the wisdom of trying to create a monetary union. And for more than 20 years, some of us have been saying that the reason a monetary union wonât work is that you canât do it without a political union â and that a political union is not democratically possible.
We warned that you would need a kind of central Euro-government to control national budgets and taxation, and that the peoples of Europe wouldnât wear it. Now look. It wasnât the Anglo-Saxon bankers who caused the trouble in the eurozone, Sarkozy mon ami. It was the utter failure of the eurozone countries â starting with France, incidentally â to observe the Maastricht rules. It was the refusal of the Greeks to control their spending or to reform their social security systems. In Greece and Italy, the democratic leaders have been effectively deposed in the hope of appeasing the markets and saving the euro; and what makes the leaders of the eurozone countries even more furious is that it doesnât seem to be working.
http://www.telegraph.co.uk/comment/...about-the-euro-thats-why-Europe-is-angry.html
I know some people are unsettled to see all these powerful Europeans getting so very, very cross. Angela Merkel has said that we werenât even negotiating properly. Nicolas Sarkozy can hardly bring himself to mention Britain by name and has been filmed apparently refusing to shake David Cameronâs hand. Across the Continent, the papers are full of wrathful headlines about the general arrogance and stupidity of the Englanders/Anglais/Inglesi. I watched some poor Lib Dem Euro MP who seemed about to explode with disgust at the UKâs handling of the recent summit.
And there must be many people in this country who find themselves a bit spooked by the vitriol of the criticism. For some days, the BBC has been telling us in sepulchral tones that we are âisolatedâ and âmarginalisedâ â as if a decision had been taken to abandon us in our misty island like a bunch of woad-painted savages. So I hope everyone will be reassured if I point out that our European friends and partners arenât really angry about the summit. Everyone is behaving as if there were something epoch-making about David Cameronâs use of the veto â as though some national Excalibur had been finally plucked from the rock, or as Trident had at last been launched from its briny lair.
The reality is that plenty of prime ministers have blocked things that arenât in this countryâs interests â from Thatcher on the EU budget to Tony Blair on the withholding tax. And plenty of other prime ministers have been far more obstreperous than the British â one thinks of Felipe González of Spain, who used to hold up EU summits until he felt he had got his hands on enough Irish cod and haddock.
No, they arenât really angry with us for opposing the new Treaty for Fiscal Union. The reason our brother and sister Europeans are so chronically enraged with the British is that we have been proved completely right about the euro. For more than 20 years, British ministers have been coming out to Brussels and saying that they just love all this single-market stuff, but that they doubt the wisdom of trying to create a monetary union. And for more than 20 years, some of us have been saying that the reason a monetary union wonât work is that you canât do it without a political union â and that a political union is not democratically possible.
We warned that you would need a kind of central Euro-government to control national budgets and taxation, and that the peoples of Europe wouldnât wear it. Now look. It wasnât the Anglo-Saxon bankers who caused the trouble in the eurozone, Sarkozy mon ami. It was the utter failure of the eurozone countries â starting with France, incidentally â to observe the Maastricht rules. It was the refusal of the Greeks to control their spending or to reform their social security systems. In Greece and Italy, the democratic leaders have been effectively deposed in the hope of appeasing the markets and saving the euro; and what makes the leaders of the eurozone countries even more furious is that it doesnât seem to be working.
Sovereignty is defined as the right to print money and decide foreign policy.
Major EU nations have private central banks printing money, which are owned by same ancient Europe families. Foreign policy was over shadowed by NATO anyway. There is not much sovereignty to hold on anyway. Why not joint the club for crowd mentality?
U.S. is not better. Dollar is printed by same people; and foreign policy is decide by Council on Foreign Relations which is funded by bankers. Police force are militarized to protect the above:
http://rt.com/news/predator-drone-us-arrest-583/
Major EU nations have private central banks printing money, which are owned by same ancient Europe families. Foreign policy was over shadowed by NATO anyway. There is not much sovereignty to hold on anyway. Why not joint the club for crowd mentality?
U.S. is not better. Dollar is printed by same people; and foreign policy is decide by Council on Foreign Relations which is funded by bankers. Police force are militarized to protect the above:
http://rt.com/news/predator-drone-us-arrest-583/
IMO itâs very brave (even foolish) to bet against the determination and ability of âMerkosyâ and the heads of 24 other European states to resolve the current crisisâ¦
And I think also itâs misguided to assume that a majority of citizens of the same European states are unhappy with the way their leaders are crafting a solution to the crisisâ¦
And I think also itâs misguided to assume that a majority of citizens of the same European states are unhappy with the way their leaders are crafting a solution to the crisisâ¦
the czechs only made believe they were were going along.
the poles etc. feel the same way.
it was all a show.
Debt crisis scares Czechs away from adopting euro
Czech finance officials recommend country not adopt euro for now because of debt crisis
APAP ââ¬â 2 hours 35 minutes ago
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PRAGUE (AP) -- Czech financial officials say they do not recommend setting a date for the country to adopt the troubled euro currency because of potential costs associated with the debt crisis.
The finance ministry and central bank say the Czech Republic would face extra costs if it were to join the euro because it would have to contribute to the eurozone's bailout fund
In a joint statement released Thursday, the two institutions also said the country still has not met necessary financial criteria, including a low deficit, to join the euro.
The Czechs say it will be "vital" to monitor how the eurozone deals with its financial problems.
All non-euro countries in the EU, except Britain and Denmark, are officially committed to join the euro, though in practice they can defer that decision indefinitely."
the poles etc. feel the same way.
it was all a show.
Debt crisis scares Czechs away from adopting euro
Czech finance officials recommend country not adopt euro for now because of debt crisis
APAP ââ¬â 2 hours 35 minutes ago
3
PRAGUE (AP) -- Czech financial officials say they do not recommend setting a date for the country to adopt the troubled euro currency because of potential costs associated with the debt crisis.
The finance ministry and central bank say the Czech Republic would face extra costs if it were to join the euro because it would have to contribute to the eurozone's bailout fund
In a joint statement released Thursday, the two institutions also said the country still has not met necessary financial criteria, including a low deficit, to join the euro.
The Czechs say it will be "vital" to monitor how the eurozone deals with its financial problems.
All non-euro countries in the EU, except Britain and Denmark, are officially committed to join the euro, though in practice they can defer that decision indefinitely."