Obama, Want's to mess up Currency!!!

[maddman3150]

Traders you better read this:
The August Review - Special Alert: U.S. Currency Exchange Controls

Regards,
Maddman

 

[TheBramble]

Exchange Controls would not have the superficially expected effect. I'm sure Mr. O/Mr. G are well aware of this. However, the hint of exchange controls (and here we are doing our bit to further this aim) would make sense. Soft intervention hasn’t been the name of the game for US FP – ever, but no time like the present.

China has about $2Trillion (in USD) as far as we can estimate at the moment and they don’t have to worry about new global reserve currencies, pegged partly or fully to Gold. They have a number of options.

The most obvious would be to purchase CDS. Once that’s out in the open, assuming they can’t do a total iceberg on the full lot, with the dollar falling they’ll have an effective hedge on their remaining dollar holdings from the increase in CDS values.

Exchange Controls will not allow any orderly exit from Dollar holdings and the only hope Mr. G has is to throttle-down rather than choke-off completely the escape routes.

 

[Crap Buddist]

I did hear on Forextv.com some bloke saying no chance on the new reserve front as that would create havoc in the global markets at a time when, thats the last thing they need.

I can see the logic in that.

 

[maddman3150]

Funny as it may seem, but I've seem to notice out freedom and liberties are being taken away one by one since President Obama took office... Does anyone else notice that? Or is that just me... hum...

 

[TheBramble]

Well, he's certainly continuing to take more of your dollars in taxation, but then, he rather inherited that from your former commander-in-chief. Not saying he wont carry on doing more of that once he gets the taste for it, but....

To address your primary question though - specifically which freedoms and liberties have been taken away by Mr. O?

 

[investcdn]

Having seen an article claiming that the US dollar rose on currency exchange markets “as investors fled equity markets amid renewed fears over the auto sector,” I have great trouble following this logic. How could “the failure of either Chrysler or GM” be “other than negative for the US dollar?

 

[Crap Buddist]

Having seen an article claiming that the US dollar rose on currency exchange markets “as investors fled equity markets amid renewed fears over the auto sector,” I have great trouble following this logic. How could “the failure of either Chrysler or GM” be “other than negative for the US dollar?

What I heard on TV couple weeks back. 🙂

Well if the stock markets are looking a dodgy bet, then investors are looking to park money elsewhere, hence buying the safety of Dollars. Now I did hear a chap the other day claim, if there is a whiff of recovery in the economy (& Stock markets) then expect the Dollar to decline 13% (short term 3-6 months ?) As investors pull money out of the perceived dollar safety and put it back into stocks.

 

[chump]

What I heard on TV couple weeks back. 🙂

Well if the stock markets are looking a dodgy bet, then investors are looking to park money elsewhere, hence buying the safety of Dollars. Now I did hear a chap the other day claim, if there is a whiff of recovery in the economy (& Stock markets) then expect the Dollar to decline 13% (short term 3-6 months ?) As investors pull money out of the perceived dollar safety and put it back into stocks.

It's the anti fear play and I suspect it would be the same for gold ..moneyflow reverses in other words when appetite for risk returns..don't fight it.

 

[case777]

Funny as it may seem, but I've seem to notice out freedom and liberties are being taken away one by one since President Obama took office... Does anyone else notice that? Or is that just me... hum...

Sounds like Obama is becoming the new Tony Blair. He came to power on a wave of popular support, and there were people literally partying in the streets when he won. Then look what he did.

 

[Crap Buddist]

It's the anti fear play and I suspect it would be the same for gold ..moneyflow reverses in other words when appetite for risk returns..don't fight it.

hmm yeah. There seems to be a wave of G20 happiness wafting about. I mean an extra 1 trillions of dollars to pump into the worlds economy is a bit like drunks at a party deciding to drink them selves sober . More of the same down their necks and hoping for a different outcome. And theres me thinking thats the definition of insanity ? 😀

Ho hum. See what happens from here on. But you mention Gold , and I did hear some fundies talking about buy dips below $900 which we are more or less bobbing around , but I can see gold going back towards $500-700 range.

Whats the attraction of gold above $1000 ? What would prop those valuations up if the economy looks like stablizing ,looking ahead next 12-24 months ?

I basing this on the planet seeing this economic band aid and actually them having some sort of faith in it working. Baring any other major collapses not appearing, like a credit card company or something.

Seems to be smiles all round and a sigh of relief almost. Don't know if anyone else detects that, at this time ?

 

[maddman3150]

12-24 Months?

hmm yeah. There seems to be a wave of G20 happiness wafting about. I mean an extra 1 trillions of dollars to pump into the worlds economy is a bit like drunks at a party deciding to drink them selves sober . More of the same down their necks and hoping for a different outcome. And theres me thinking thats the definition of insanity ? 😀

Ho hum. See what happens from here on. But you mention Gold , and I did hear some fundies talking about buy dips below $900 which we are more or less bobbing around , but I can see gold going back towards $500-700 range.

Whats the attraction of gold above $1000 ? What would prop those valuations up if the economy looks like stablizing ,looking ahead next 12-24 months ?

I basing this on the planet seeing this economic band aid and actually them having some sort of faith in it working. Baring any other major collapses not appearing, like a credit card company or something.

Seems to be smiles all round and a sigh of relief almost. Don't know if anyone else detects that, at this time ?

Personally, I do not believe we will get the warm and fuzzy feeling till about 2015 for security in our lives. The system managed to get itself so SNAFU, so it will take this about of time to repair and build up what we just lost. I'm a guy 59, world traveler and worked in 18 different countries setting up mining operations. However, not only did this breakdown hurt America, but the 3rd world countries, are really ***d-up. Their repair may take even longer. I remember when I worked in the Congo, we paid laborers $1.00 per day. Now I heard it's even less pay. As to National Health Care, if we think it's expensive now, just wait till it's free. lol.. we'll be paying till the day we die...
Regards,
Maddman PS: We might As Well Kiss Freedom And Liberty For All Good Bye.... and forget about Justice, that's already Gone!!!! Oh yes, we're gonna get Change, just like the man said.

 

[chump]

hmm yeah. There seems to be a wave of G20 happiness wafting about. I mean an extra 1 trillions of dollars to pump into the worlds economy is a bit like drunks at a party deciding to drink them selves sober . More of the same down their necks and hoping for a different outcome. And theres me thinking thats the definition of insanity ? 😀

Ho hum. See what happens from here on. But you mention Gold , and I did hear some fundies talking about buy dips below $900 which we are more or less bobbing around , but I can see gold going back towards $500-700 range.

Whats the attraction of gold above $1000 ? What would prop those valuations up if the economy looks like stablizing ,looking ahead next 12-24 months ?

I basing this on the planet seeing this economic band aid and actually them having some sort of faith in it working. Baring any other major collapses not appearing, like a credit card company or something.

Seems to be smiles all round and a sigh of relief almost. Don't know if anyone else detects that, at this time ?

The G20 was just another piece of info ,perhaps not even much of a significant one. Look at the volumes in corporate debt over the first qtr.Small but noticeable increase in junk.Some agreement on trading the frozen paper. Increase in mortgage lending (certainly a seasonal effect as well). This is not the same underlying sentiment (extreme fear) as that which drove gold up. The more transparent that becomes the more obvious will be the reaction in moneyflow from assets associated with it.

 

[jeffsmith]

The G-20 summit is with no trouble the majority significant happening to observe not only for peril trends, but for the USD in common. The main subject to be covered throughout this summit is monetary directive, which France and Germany are taking a stiff line on as French President Nicolas Sarkozy has exposed to walk out if the G-20 does not depict up new principles that convene their red lines, which comprise limits on offshore tax havens and more circumvent fund management. Also, even as United states President Obama and Chinese President Hu have allegedly not discussed replacing the USD as set aside currency in front of the summit, there are concerns that this theme will be pursued, which could guide to sharp sell off of the USD.

 

[montmorencyt2w]

Sounds like Obama is becoming the new Tony Blair. He came to power on a wave of popular support, and there were people literally partying in the streets when he won. Then look what he did.

I dunno. Blair was clearly untrustworthy from the word go, whereas I quite like (liked?) Obama. We'll see. There is a lot of pressure on him. I don't see how anyone could fulfill all of he expectations on him. Sooner or later he will crumble (anyone would). The only question is how can the damage be limited.

 

[maddman3150]

We're Obama Screwed!

I dunno. Blair was clearly untrustworthy from the word go, whereas I quite like (liked?) Obama. We'll see. There is a lot of pressure on him. I don't see how anyone could fulfill all of he expectations on him. Sooner or later he will crumble (anyone would). The only question is how can the damage be limited.

Our Dear Boy President will screw us, count on it! Yes, I'm afraid he's going to give us change alright, if we thought things were bad, just wait till he tries to fix them... The only ones are going to survive and prosper is the rich, the middle class will be moved to the lower class... It's called population control, a form of socialism., Stallen do it.😈
Regards,
Maddman

 

[Hotch]

He's the antichrist too!

And he eats babies!

 

[montmorencyt2w]

Our Dear Boy President will screw us, count on it! Yes, I'm afraid he's going to give us change alright, if we thought things were bad, just wait till he tries to fix them... The only ones are going to survive and prosper is the rich, the middle class will be moved to the lower class... It's called population control, a form of socialism., Stallen do it.😈
Regards,
Maddman

If you haven't seen it already, you might like this (I found it on the "Naked Trader" site):

YouTube - Why the Meltdown Should Have Surprised No One

(Peter Schiff)

 

[maddman3150]

To Our Misfortune

He's the antichrist too!

And he eats babies!

Unfortunately, we will become of victims of CHANGE. there will be the rich and the poor, the middle class will be moved in the poor class, we'll be picking fruit and vegetables before you know it. Mark my words, sad but very probable..... :!: Time will tell no lies... but so far I haven't seen anybody benefit except the rich and ACORN! I'm now wondering why should I keep making my house payment when the same house across the street is selling for half price!!!! I think we're all screwed.
Maddman

 

[ftt]

Funny as it may seem, but I've seem to notice out freedom and liberties are being taken away one by one since President Obama took office... Does anyone else notice that? Or is that just me... hum...

Bush - Obama - Clinton ... no difference.

The sooner we get over this two party nonsense the better, there is no difference only in the details. It only gives us the illusion of choice. The only guy I know that has fundamentally different views is Ron Paul and he will never make it big.

 

[Bob McPherson]

Folks,

a way out may be here: Going Offshore, the only way to escape from Big Brother Allforexworld.com Discover what is backstage.

enjoy it.

Bob