And so is the Second Coming of Christ. That gig has been around for let's say; since the B.C. era?
Wrong. Crude matters, but never as much as currencies do. Right now, a few a holding the cards, know damn good and well, as the EURO is set to spike like an annoyed hornet.
China. They own our debt, and now, even our hogs/pork/food supply; and the Mexican supplied veggies to the USA, years ago.
If that isn't economic power, I don't know what the next card drawn shall be. There was collateral offered to back the purchase of those notes: yet none of the seats in the Federal Reserve want to talk debacle.
Those who engineer a bridge built, know exactly what ever can knock it to the rubble pile.
I did, for about 1 year. And the Chinese Laundry behind my sister's pad was just a tad annoying. You can read all about it on Frozen Fiefdom, under the Target Take Down Tactics chapter near the bottom of the left side bar. Complete with photos! Razor ribbon, who thought that one up??? All true, and there for you to read, and wonder why.
However, it's another Bush in the West Wing.
You may be correct. The high rate of unemployment in those countries is staggering, and is one of the indicating factors of an economic depression. I know how high the unemployment rate was in Greece, Spain, Portugal, and Italy, when I visited those countries in the early and mid 2000s. That was pre financial crisis, and it was about 15 to 17% then. In 2015, you can be certain that their unemployment rate is at least 25%, and the underemployment rate is probably 45%. Those stats will not have their economies turn a corner, or pay back a dime/euro.
You are one of the most entertaining posters on this board. Truth in your words, and written with a humorous twist.
I know there's a reason why GOD has me in sunny CA. Every day, I give HIM a thank you.
The Chinese have pulled the most massive gig in the FX world. I'm an American, and always will be. I can kinda see what they might have up their sleeve, and admire their stealth.
The entire shitteree can come a tumblin' down. I won't be surprised, and neither will they.
All this fluff about the CHF, EURO, USD, YEN; all of that is completely irrelevant. There's that old saying about how "He who has the gold makes the rules."
Yes, and no.
In my world, I make the rules for living my life. And if you don't believe that most or all of us might be back on an almost barter system for existence; you might want to review history.
Currencies are hugely important in the global markets. Not because what X can purchase today, but what will another X be willing to exchange it for tomorrow?
Yeah, I kinda wondered how that was workin'out for the bond holders, and savers across the global markets.
Interesting. Who taught you how to speak/write well?
The Rocky Horror Picture Show?
At times, and in an honorable court.
i've yet to see one.
You are early for the late night party on Wall Street. Short at the top of the Naz, and invite me out for a non public sub sandwich when your order clears.