Creating money out of nothing isn’t profit enough….
Zimbawe just issued their first 500M note. Obama is practising without a license under the leadership of Dr. Mugabe and his VooDoo Economic Model. Perhaps physics is useful. All bubbles burst, what goes up will come down. When they start making the notes smaller and smaller and eventually just print one side to save ink and paper. We will know that Obamma has finally understood the Velocity of Money…..Just like 1920’s in Germany. Try and buy your wheelbarrow while you can still afford one….
The US will keep devaluing until they can compete, even if they take down Japan, the EU and Canada.
The US money supply has increased 33% in the past 4 months. The Chinese currency is pegged to the US Dollar. As the US prints in order to devalue and escape the trade imbalance, China follows along. These are the unintended consequences of Pres. Reagan taking down the Great Wall of Communism and unleashing the hundreds of millions of slave Labourers into the formerly captive world market enjoyed by the west. Now it is a race to the bottom. Until wage parity is achieved east and west the fall will continue. And in an effort to compete the west is having to compete by using high tech. Many many factory jobs etc are gone forever and are never coming back. The west cannot compete with high paid unionized labour. Thus the mechanization of jobs in the west. A great unravelling of many years is underway. A great shift from west to east, much like the end of the British Empire, which fortunately for us was taken up by the US at the end of the WW2. The welfare state will have to die in the west in order for the west to survive. The west needs to get lean and mean. This means no more immigration into our welfare state by uneducated people looking for freebies and entitlements during this great realignment because we will have no need of uneducated workers we have enough of our own. So 2 great forces are at work. The adjustment of currency, the US dollar will no longer be the reserve currency and a rationalization of labour. Meaning the great expansionary period of welfare and socialism in the EU and North America will have to end if we are to survive.
Yep. When you owe $14 trillion the only thing to do is make sure a million buys one loaf of bread.
We are going to look back fondly on $10/gallon gas unless these @$$holes get drummed out of office. Won’t matter that Canada is a different country, we are all going down the same hole.
Kinda puts the Occupy My Park crowd in stark perspective, doesn’t it?
Not sure what’s happened there – Zimbawe just issued their first 500M note.
I have a Zimbabwe 100 Trillion Dollar note that I got from Zimbabwe 4 months ago.
Either they scrapped the first currency, or you meant 500 Trillion.
Looking at the graph at the link it looks like some sort of flash crash or market manipulation than the general decline of a dying world power.
Market manipulation? Say it ain’t so! ~:D
From the Zero hedge comments some guy says “Gee, I wonder what country owns enough US dollars [and hates Japan enough] to pull something like this off?”
Hmmmmnnnnn…..
No h/t?
The Yen is a traditional destination in a flight for safety. The ZIP makes it ideal for the carry trade. Despite claims that the European crisis is working itself out, this points out the opposite. The Yen gained against the USD, EUR, and AUD.
The weak dollar policy isn’t working. Exports ceased increasing and it raises our cost of oil. Imports are slowing, but this is as much from the weak economy as the weak dollar.
Japan is also repatriating currency for their reconstruction efforts. Their domestic debt is off the charts. The BOJ will undoubtedly intervene soon, but the question is whether the G-7 will demonstrate the same commitment it did the last time the Yen broke 80.
Australia’s housing bubble is ready to pop, and so is China’s inflated growth.
In other words, we’re in deep $#!+.
Minuteman, as soon as the Yen broke through some technical limits, stop orders were automatically initiated.
I’m not a fan of technical trading, but the reality is that their trading rules exist. The market may correct, but the long term trend of a stronger yen is undeniable. This is devastating to Japan’s Export Promotion policies and economic structure. The only good news is that reconstruction will be cheaper. Japan needs to abandon EP and diversify its economy.
trollfos displays his lack of clue-ness.
Dear trollfos, the Occupy My Portapotty freakshow is there supporting Obama, explicitly calling for his re-election. Mostly because he’s paying them to. Meanwhile, explosive decompression of the US dollar.
Fiddling while Rome burns? Ring a bell? No?
If you’re going to troll here you better up your game. Even trollex has better comments. Somebody hit this twerp with the clue-bat.
gee, this globalism is working out well. Almost as well as the EU. lol
A bigger playpen for the central bankers…
I’m thinking George Soros is cashing in on this somehow, if not causing it..
I find it weird and illogical that the Yen is perceived as safe. Japan has huge debt levels, which only works because of high domestic savings. With its demographics in a death spiral and its economy in a multi-decade slump, this can’t go on.
ABF the Fed cannot bankstop the Derivatives Market just the 5 top US Banks including the BOA are in for over 200 TRILLION. The total GDP of the whole world is around 60-70 Trillion. LIBSARE SMARTER, the JA PAN sun rose and set in the early 90’s they are existing now on Bushido, as they went down the tubes in a real estate bubble Billy Boy Clinton ok’d the sale of US high tech to the Communist Chinese, formerly tech not openly available to Communsist countries he made available. Folks you need to quit thinking local here and go high level. A couple of concrete facts to digest. China has 25% of the world’s population. China has 6% of the world’s fresh drinking water, China has 7% of the world’s arable land. China is rising as the world’s next empire. China is taking the worthless US money and rapidly turning it into hard assets. China has a sweet deal going in Africa. The west, the US and Canada are pouring Billions into African Foreign Aid, via the UN and bleeding heart NGO’s save the children, save Africa, curse the White Devil etc. Meanwhile China has purchased over 100M acres of the best farmland in Africa, shipped in their overlords hired the local flunkies and are producing food in Africa nad sending it all back to China, as the West gnash their teeth and wring their hands and send food to the starving pregnant millions of mouths in Africa who all hate our guts. The same scoop in South America. These are facts, not BS. As Stalin said the West will braid the rope to hang themselves. The coming global shift will see the short rise of China as a world power and the slow lingering decline of the US and the EU will actually probably descend into tribal warfare. Canada will rise with careful management as long as we get liquid and lean and can face reality. And kick out the socialist elite masters at every level of government. Because we are in a global power shift and the most dangerous times since the WW2. The 300 million single males in China have nothing to lose. Put an AK47 and RPG 7’s in the hands of 300 Million men without families and no one can stop that, realize that if you were the ruler of a state with 300M mouths withouth families and you had to feed and water 25% of the world and only had 6% of the water and 7% of the arable land what options would you utilize in the game of chess? I know what I would do.
RFB @ 9:08;
Totally agree with your line of thought. The bottom line is that politics and religion are usually tools that reflect the economic realities that countries are faced with.
At one time I thought the USA clever to open their markets to the Chinese. The Chinese would have to moderate their political goals to accomodate the potential loss of access to the USA. What has evolved however, is that the USA can not play that card on threat of destabilizing China and causing the very political threat they were trying to control.
I have written off Euroland many years ago. I have residual hope for the USA but socialism is such an insidious movement that eradicating it will require a conviction that is becoming fainter every day. If the USA goes down Canada will follow.
@RFB
I agre with what you have stated here except the fact that , in the u.s. alone there are more citizens in possesion of guns that there are citizens , i very much doubt that china will be able to make any inroads by brute force , the american will just pope them off as they try to land think of red dawn the movie but with alot more americans with guns and on the same side….even the bleeding heart liberals will join, alberta has about on average 4-7 guns per person here ….not to mention the christian melitias that are prepared for the days ahead and there are ALOT , and they do not mess around , type in survival groups in the u.s.a. or do some of that research , along side the u.s. military china would be short handed in no time the real issue would be to separate mexico from u.s. land . And reinforce canada’s boarders as well as there own north america may be a an island of freedom by the time it is all over.
Creating money out of nothing isn’t profit enough….
Zimbawe just issued their first 500M note. Obama is practising without a license under the leadership of Dr. Mugabe and his VooDoo Economic Model. Perhaps physics is useful. All bubbles burst, what goes up will come down. When they start making the notes smaller and smaller and eventually just print one side to save ink and paper. We will know that Obamma has finally understood the Velocity of Money…..Just like 1920’s in Germany. Try and buy your wheelbarrow while you can still afford one….
The US will keep devaluing until they can compete, even if they take down Japan, the EU and Canada.
The US money supply has increased 33% in the past 4 months. The Chinese currency is pegged to the US Dollar. As the US prints in order to devalue and escape the trade imbalance, China follows along. These are the unintended consequences of Pres. Reagan taking down the Great Wall of Communism and unleashing the hundreds of millions of slave Labourers into the formerly captive world market enjoyed by the west. Now it is a race to the bottom. Until wage parity is achieved east and west the fall will continue. And in an effort to compete the west is having to compete by using high tech. Many many factory jobs etc are gone forever and are never coming back. The west cannot compete with high paid unionized labour. Thus the mechanization of jobs in the west. A great unravelling of many years is underway. A great shift from west to east, much like the end of the British Empire, which fortunately for us was taken up by the US at the end of the WW2. The welfare state will have to die in the west in order for the west to survive. The west needs to get lean and mean. This means no more immigration into our welfare state by uneducated people looking for freebies and entitlements during this great realignment because we will have no need of uneducated workers we have enough of our own. So 2 great forces are at work. The adjustment of currency, the US dollar will no longer be the reserve currency and a rationalization of labour. Meaning the great expansionary period of welfare and socialism in the EU and North America will have to end if we are to survive.
Yep. When you owe $14 trillion the only thing to do is make sure a million buys one loaf of bread.
We are going to look back fondly on $10/gallon gas unless these @$$holes get drummed out of office. Won’t matter that Canada is a different country, we are all going down the same hole.
Kinda puts the Occupy My Park crowd in stark perspective, doesn’t it?
Not sure what’s happened there – Zimbawe just issued their first 500M note.
I have a Zimbabwe 100 Trillion Dollar note that I got from Zimbabwe 4 months ago.
Either they scrapped the first currency, or you meant 500 Trillion.
Looking at the graph at the link it looks like some sort of flash crash or market manipulation than the general decline of a dying world power.
Market manipulation? Say it ain’t so! ~:D
From the Zero hedge comments some guy says “Gee, I wonder what country owns enough US dollars [and hates Japan enough] to pull something like this off?”
Hmmmmnnnnn…..
No h/t?
The Yen is a traditional destination in a flight for safety. The ZIP makes it ideal for the carry trade. Despite claims that the European crisis is working itself out, this points out the opposite. The Yen gained against the USD, EUR, and AUD.
The weak dollar policy isn’t working. Exports ceased increasing and it raises our cost of oil. Imports are slowing, but this is as much from the weak economy as the weak dollar.
Japan is also repatriating currency for their reconstruction efforts. Their domestic debt is off the charts. The BOJ will undoubtedly intervene soon, but the question is whether the G-7 will demonstrate the same commitment it did the last time the Yen broke 80.
Australia’s housing bubble is ready to pop, and so is China’s inflated growth.
In other words, we’re in deep $#!+.
Minuteman, as soon as the Yen broke through some technical limits, stop orders were automatically initiated.
I’m not a fan of technical trading, but the reality is that their trading rules exist. The market may correct, but the long term trend of a stronger yen is undeniable. This is devastating to Japan’s Export Promotion policies and economic structure. The only good news is that reconstruction will be cheaper. Japan needs to abandon EP and diversify its economy.
Go to Yahoo Finance. Look up currency trading, click on the interactive chart. Look at the U.S. $ vs. the yen. Now extend the chart out to the past month instead of the last 1 1/2 days; 6 months; a year; five years. Get the picture? This report from Tyler is a non-event, just another blip in a downward trend.
Yawn.
http://finance.yahoo.com/echarts?s=USDJPY=X+Interactive#symbol=;range=5y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=;
trollfos displays his lack of clue-ness.
Dear trollfos, the Occupy My Portapotty freakshow is there supporting Obama, explicitly calling for his re-election. Mostly because he’s paying them to. Meanwhile, explosive decompression of the US dollar.
Fiddling while Rome burns? Ring a bell? No?
If you’re going to troll here you better up your game. Even trollex has better comments. Somebody hit this twerp with the clue-bat.
gee, this globalism is working out well. Almost as well as the EU. lol
A bigger playpen for the central bankers…
FEDERAL RESERVE TO BACKSTOP BANK OF AMERICA’S EUROPEAN DERIVATIVES
http://tinyurl.com/3zzn3fv
We’re sunk….. Obambam is even getting ready…
http://tinyurl.com/6cc6ugt
I’m thinking George Soros is cashing in on this somehow, if not causing it..
I find it weird and illogical that the Yen is perceived as safe. Japan has huge debt levels, which only works because of high domestic savings. With its demographics in a death spiral and its economy in a multi-decade slump, this can’t go on.
ABF the Fed cannot bankstop the Derivatives Market just the 5 top US Banks including the BOA are in for over 200 TRILLION. The total GDP of the whole world is around 60-70 Trillion. LIBSARE SMARTER, the JA PAN sun rose and set in the early 90’s they are existing now on Bushido, as they went down the tubes in a real estate bubble Billy Boy Clinton ok’d the sale of US high tech to the Communist Chinese, formerly tech not openly available to Communsist countries he made available. Folks you need to quit thinking local here and go high level. A couple of concrete facts to digest. China has 25% of the world’s population. China has 6% of the world’s fresh drinking water, China has 7% of the world’s arable land. China is rising as the world’s next empire. China is taking the worthless US money and rapidly turning it into hard assets. China has a sweet deal going in Africa. The west, the US and Canada are pouring Billions into African Foreign Aid, via the UN and bleeding heart NGO’s save the children, save Africa, curse the White Devil etc. Meanwhile China has purchased over 100M acres of the best farmland in Africa, shipped in their overlords hired the local flunkies and are producing food in Africa nad sending it all back to China, as the West gnash their teeth and wring their hands and send food to the starving pregnant millions of mouths in Africa who all hate our guts. The same scoop in South America. These are facts, not BS. As Stalin said the West will braid the rope to hang themselves. The coming global shift will see the short rise of China as a world power and the slow lingering decline of the US and the EU will actually probably descend into tribal warfare. Canada will rise with careful management as long as we get liquid and lean and can face reality. And kick out the socialist elite masters at every level of government. Because we are in a global power shift and the most dangerous times since the WW2. The 300 million single males in China have nothing to lose. Put an AK47 and RPG 7’s in the hands of 300 Million men without families and no one can stop that, realize that if you were the ruler of a state with 300M mouths withouth families and you had to feed and water 25% of the world and only had 6% of the water and 7% of the arable land what options would you utilize in the game of chess? I know what I would do.
RFB @ 9:08;
Totally agree with your line of thought. The bottom line is that politics and religion are usually tools that reflect the economic realities that countries are faced with.
At one time I thought the USA clever to open their markets to the Chinese. The Chinese would have to moderate their political goals to accomodate the potential loss of access to the USA. What has evolved however, is that the USA can not play that card on threat of destabilizing China and causing the very political threat they were trying to control.
I have written off Euroland many years ago. I have residual hope for the USA but socialism is such an insidious movement that eradicating it will require a conviction that is becoming fainter every day. If the USA goes down Canada will follow.
@RFB
I agre with what you have stated here except the fact that , in the u.s. alone there are more citizens in possesion of guns that there are citizens , i very much doubt that china will be able to make any inroads by brute force , the american will just pope them off as they try to land think of red dawn the movie but with alot more americans with guns and on the same side….even the bleeding heart liberals will join, alberta has about on average 4-7 guns per person here ….not to mention the christian melitias that are prepared for the days ahead and there are ALOT , and they do not mess around , type in survival groups in the u.s.a. or do some of that research , along side the u.s. military china would be short handed in no time the real issue would be to separate mexico from u.s. land . And reinforce canada’s boarders as well as there own north america may be a an island of freedom by the time it is all over.