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Old 06-24-2016, 01:08 PM   #151
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Originally Posted by Sysiphus View Post
...The system they have created shuts out small and mid-sized financial institutions and businesses, which is exactly how they want it.
As well as the average individual John and Jane Doe.

Mustn't let the peons muck with things beyond their limited comprehension level.
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Old 06-24-2016, 09:49 PM   #152
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so you think the stocks, currencies and Credit Default Swaps go up and down just randomly
and the big fond managers, economic experts, rating agencies etc.
are clueless ? (and you people know it better)

Even if, the last time, in 2008 , it did cost that $700B bailout, just to save the system and the banks.
Plus the stimulus etc.
Now you may think : no problem, increase the debt ...
but at some point there will be default and the descendents will suffer from the debt.
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Old 06-24-2016, 10:11 PM   #153
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Quote:
Originally Posted by gsgs View Post
so you think the stocks, currencies and Credit Default Swaps go up and down just randomly
and the big fond managers, economic experts, rating agencies etc.
are clueless ? (and you people know it better)

Even if, the last time, in 2008 , it did cost that $700B bailout, just to save the system and the banks.
Plus the stimulus etc.
Now you may think : no problem, increase the debt ...
but at some point there will be default and the descendents will suffer from the debt.
In this case, it does look like they were all caught with their pants down. All the big financial institutions convinced themselves that the UK would stay, so it doesn't look like they hedged in the other direction. I call that hubris.

Granted, there will be consequences. Ripping off a band-aid hurts even when it promotes long-term healing. So, if the system needs to be saved from itself (again), who pays this time?

Can we please give the bill to the Germans, because their attempt to conquer Britain (again, but this time economically) has failed (again)?
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Old 06-24-2016, 10:55 PM   #154
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economical cooperation is not "conquered". It's negotiaton.
You give at one side and receive at another.
You'll have to do the calculations.
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Old 11-09-2016, 12:23 AM   #155
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Euro up 2.5% in 3 hours as Trump unexpectedly won the US-election

Peso down 10%, Yen up >3%, Canadian Dollar down 1.5% (?)
US-stocks down >4%

euro : http://www.finviz.com/forex_charts.ashx?t=EURUSD&tf=m5
S&P500 : http://www.finviz.com/futures_charts.ashx?t=ES&p=m5
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Old 11-09-2016, 12:42 AM   #156
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We're screwed under a Trump presidency. Assuming the current counts hold & he wins, our economy is going to be in for an even rougher ride than we're having now.
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Old 11-09-2016, 01:24 AM   #157
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Buying pesos tomorrow for a trip next fall.
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Old 11-09-2016, 01:26 AM   #158
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Holy smokes, Asian markets are taking it in the but, Nikkei down over 1,000 Hang Seng proportionately just as bad, DOW headed for -850...

Yeah, tomorrow would be a good day to buy pesos or USDs... it's down almost 2 cents last time |I checked.
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Old 11-09-2016, 04:45 AM   #159
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stocks and dollar up again, almost half of the losses gained back
http://www.finviz.com/futures_charts.ashx?t=YM&p=m5
http://www.finviz.com/futures_charts.ashx?t=DX&p=m5
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Old 11-09-2016, 10:27 AM   #160
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Originally Posted by CanadaSue View Post
We're screwed under a Trump presidency. Assuming the current counts hold & he wins, our economy is going to be in for an even rougher ride than we're having now.
For the past 25 years Canadian media has sold us all a vision that we are citizens of "North America" and not so much citizens of Canada. Media has chatted on and on with more American news and happenings rather than Canadian news.

Trudeau has been touring the world as an "Aide" to President Obama.

A lot of things are going to change now.

Canadians are now going to be sold a vision that we are citizens of the world (not North America) and the European Trade Agreement will be front and center.

Trudeau will be touring the world as an "Aide" to Teresa May in Britain.

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Old 11-10-2016, 05:55 AM   #161
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http://www.zerohedge.com/news/2016-1...es-trump-gains

http://www.cnbc.com/sovereign-credit-default-swaps/

USA:20.5 , GRE=863,ITA=152,CHN=138,POR=285,ESP=87,UK=16,JPN=4 4
euro=111

DAX=10740,Dow=18724,Nikkei=17480,Euro=1.089,gold=1 285,oil=44.9
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Old 11-12-2016, 01:25 AM   #162
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The price quoted for gold is just silly propaganda.

A vast majority of sales of gold are for "Paper Gold" and not "Physical Gold".

And there is the rehypothecation of gold as well.

There is only 35 thousand tons of official gold in the world. The annual worldwide production of gold is something like 50 million troy ounces per year.
China has bought 3 or 4 thousand tons. China is buying every smitch of gold it can find because it intends to introduce a gold backed currency. China is now the number one gold producer in the world. Russia is the world’s second largest gold producer and it is selling its oil to China, not for dollars but for gold!
Russia has bought a thousand tons.
Iran is buying gold.

The ups and downs of gold pricing is just the means or the way that the U.S. Capitalists control the collapsing dollar.

The U.S. Capitalists can't handle a competing gold price against the fiat dollar.

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Old 11-12-2016, 02:04 AM   #163
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Calm said ..
Quote:
The price quoted for gold is just silly propaganda.
It may well be a manipulated price but it is also the price
at which gold is traded around the world on a daily basis .

..
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Old 12-16-2016, 05:28 AM   #164
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2016/12/16,Dow=19880,euro=1.043,oil=51.0,gold=1133,Nikkei= 19425,DAX=11375
CHN=138,FRA=36.7,GER=22.4,GRE=875,ITA=100,JPN=44,E SP=75.6,POR=277,
UK=16.4,US=20.5
a few seconds later I got : ITA=152,JPN=30,FRA=28.5,UK=31.4,U

http://www.cnbc.com/sovereign-credit-default-swaps/
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Old 12-16-2016, 09:13 AM   #165
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So, GSGS, does this mean that Italian sovereign bonds are suddenly at much higher risk of default? 50% jump in prices like that seems to say something is up... maybe Monte Paschi is getting nationalized today or tomorrow?

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Old 12-17-2016, 01:38 PM   #166
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European Central bank buys Italian bonds.

160 is almost the same as some months ago (while Spain is down)


----------------------------------------------------
repost 2008/01/01
Russia=87,Turkey=166,Mexico=70,Greece=22,Italy=20,
Spain=18,UK=9,USA=8,Japan=9,Germany=7
-------------------------------------------------------
repost 2008/12/04
Russia=773,Turkey=463,Mexico=348,Greece=247,Italy= 180,
Spain=116,UK=113,USA=60,Japan=50,Germany=42
-----------------------------------------------------------------------
repost 2011/09/14
Greece:4000,Ireland:900,Portugal:1200,Spain:400,It aly:500,Belgium:300,
France:190,NL:95,Germany:85,Sweden:57,UK:85,US:85, Russia:225,
Argentna:850,Brazil:180,Japan:123,Hungary:450,Aust ria:150,
Venezuela:1180,Bulgaria:330,China:130,Turkey:220,U S-banks:230,Ukraine:600
Euro:1.36,gold:1830,oil:88,Dow:11000
----------------------------------------------------------------------------------
repost 2015/08/05
DOW=17632,NIK=20614,Euro=1.085,Gold=1084,oil=51.1
YEN=0.0080,Rubel=0.016,VIX=12
CHN=138,DUB=187,EGY=325,FRA=33,GER=15,GRE=2104,HUN =150,
IRE=54,ITA=117,JPN=39,POR=169,SPA=97,SWI=21,UK=20, US=17
----------------------------------------------------------------------------
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Last edited by gsgs; 12-17-2016 at 01:57 PM.
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