I give up...........

[Mega]

..........will nothing sink the British £?
Schiff sez it will
Max Keiser sez it will

WHEN????????
Oh Please God Kill the £!
Mike

[LargoWinch]

Re: I give up...........

..........will nothing sink the British £?
Schiff sez it will
Max Keiser sez it will

WHEN????????
Oh Please God Kill the £!
Mike

Patience is the mother of all virtues...

[FRED]

Re: I give up...........

..........will nothing sink the British £?
Schiff sez it will
Max Keiser sez it will

WHEN????????
Oh Please God Kill the £!
Mike

We have explained for years that the global currency system is a political system not a market system. Why pretend otherwise?

A crashing dollar and pound requires a global political repudiation of the US and the UK by China, Japan, and other trade partners and allies. How likely is that to occur soon? Not as long as central banks can expand their balance sheets and cooperate.

Never confuse "should" happen with "will" happen.

Schiff, Keiser, and Rogers do not understand this. We try to each them, but do they listen? :cool:

[Mega]

Re: I give up...........

Patience is the mother of all virtues...

I be DEAD of Bird Flu by then!
Mike

[don]

Re: I give up...........

"Waiting for Godot" is hot right now, returning to Broadway after many, many years away. (It opened in Miami in 1956 and was not understood. This is before the Cubans.) I would suggest you watch it, MEGA Man, a few times with good cheer.

[LargoWinch]

Re: I give up...........

... I would suggest you watch it, MEGA Man, a few times with good cheer.

Mega Man ... awesome; also known as Rockman.

Mike, Mega, Mega Man...Rockman.

It all makes sense now ;)

[HDLee]

Re: I give up...........

Live in South Africa was planing on replacing my apple PowerBook G4, 4 yrs OLD & tired - extra RAM has helped . . . a December present to myself, but, ZAR went to over ZAR11 to the US$ . . . took my son on holiday to Namibia instead . . .

Yesterday I did a bit of "research" and downloaded some charts comparing how the US$ has done compared to a variety of currencies since the end of October 2008 from http://www.exchange-rates.org/history/

Tied to include a variety of currencies . . .
Euro, Pound, Rupee, South Africa ZAR, Yen, Australian $, Swiss Franc and Canadian $.

Any comments would be appreciated and predictions of when the US$ will be at a "fair" ZAR6 . . . Fred your post SCARES me :eek:

[marvenger]

Re: I give up...........

Checked Londolozi game reserve on the web. Looks absolutely awesome, lucky bugger.

[HDLee]

Re: I give up...........

Checked Londolozi game reserve on the web. Looks absolutely awesome, lucky bugger.

I know . . . BEST place to be right now, love what I do and do what I love . . . (www.manmade.co.za - soon to be updated)

COMMENT ABOUT CURRENCIES ???? For Londolozi we want the ZAR weak . . . good for profit . . . but I WANT my new apple

[Supercilious]

Re: I give up...........

..........will nothing sink the British £?

Mega, we are witnessing now a covert economic war. UK is in the Coalition of the ZIRPing and is insured by a fat swap line from the FED. The FED cannot succeed without the members of the coalition and as a result no member of the coalition can have a catastrophic fall. If you want, this is the largest currency manipulation scheme in history.

Betting on a catastrophic collapse of any currency in this coalition is almost suicidal. Of course fluctuations can happen and the nimble, astute and well connected investor can make a lot of money. But this is a hardball game and I wouldn't recommend it to anybody. I stay out of it because I don't have high level government connections to know what they will concoct next.

Long term, I think I understand what is going happen, but short and medium term it's way out of my league.

My free investment advice is to never get into anything you are not sure you fully understand. Failing to do that is equivalent to voluntary submitting yourself to fleecing.

[*T*]

Re: I give up...........

..........will nothing sink the British £?
Schiff sez it will
Max Keiser sez it will

WHEN????????
Oh Please God Kill the £!
Mike

I am on a personal gold standard, so I don't care too much what the dog-£ does.

[*T*]

Re: I give up...........

UK is in the Coalition of the ZIRPing and is insured by a fat swap line from the FED.

A think you are right. But who insures the fed? Isn't this a dollar-backed game? Are you saying the £ will fall if & when the dollar does?

My free investment advice is to never get into anything you are not sure you fully understand. Failing to do that is equivalent to voluntary submitting yourself to fleecing.

Great advice.

[hayekvindicated]

Re: I give up...........

We have explained for years that the global currency system is a political system not a market system. Why pretend otherwise?

A crashing dollar and pound requires a global political repudiation of the US and the UK by China, Japan, and other trade partners and allies. How likely is that to occur soon? Not as long as central banks can expand their balance sheets and cooperate.

Never confuse "should" happen with "will" happen.

Schiff, Keiser, and Rogers do not understand this. We try to each them, but do they listen? :cool:

They will support the Dollar and the Pound until the cost becomes too high. Rampant inflation in China could be a trigger.

[LargoWinch]

Re: I give up...........

They will support the Dollar and the Pound until the cost becomes too high. Rampant inflation in China could be a trigger.

That is sensible.

The question is; can they control the beast? If not, how long will it take to put it back in the cage?

[Mega]

Re: I give up...........

Its got to happen on "Browns watch".
Mike