$60b wiped off market (4 Viewers)

[abbeyroad]

in capitalist america you don't see doctors without money, in capitalist china doctors won't see you without money

 

[Garygaz]

precious gold 11% of highs. do you still want to buy it now or do you think it will stay corrected (i still believe it isn't some magical holding that will steer you through a shit market)

 

[zombie omie jay]

will our dollar continue to drop

yes time to make money out of this gold nugget

 

[scuba_steve2121]

yea aus dollar will hit 70 cents and below compared to the US dollar. Was telling everybody a few weeks ago to buy up US dollars to make a few quick bucks because we all knew this was gonna happen sooner or later.

 

[Garygaz]

seriously though the fact that 30 year bond is yielding like sub 3%... and institutions are buying them.. it's like they've just given up.

 

[scuba_steve2121]

Cut spending, cut taxes, raise interest rates and bring the troops home. That medicine will taste bad for the US but they need to go into rehab instead of shooting up heroin that keeps going up in price.

EDIT: also when I mean bring the troops home I'm not just talking about the three wars in Iraq, Afghanistan and Libya. I'm talking about the other 200,000 troops posted around the world 30,000 in Korea and Japan each 50,000 in Germany. The cold war ended 20 years ago, its time to go home.

 

[Azure]

THE Prime Minister yesterday joined world leaders to urge immediate action to solve the European debt crisis as the financial contagion threatens to tip the globe into a double-dip recession.

Source: http://www.smh.com.au/business/world-on-the-brink-20110923-1kpqa.html

Not very surprising since they did absolutely nothing to fix the problem last time. The bailouts were probably one of the biggest scams of our time imo.

 

[Azure]

Dr Oliver has a five-point plan:
■ Quantitative easing - QE3 - from the US Federal Reserve, possibly in November.
■ A major increase in the size of the European bailout fund - a vote on expanding the €440 billion European Financial Stability Facility goes before the German Parliament on Thursday.
■ Aggressive bond buying by the ECB of Greece, Portugal, Italy, Ireland and Spain.
■ ECB to cut lending rates from current 1.5 per cent to near zero.
■ Interest rate cuts in Asia and Australia before Christmas.


Read more: http://www.smh.com.au/business/buckle-up-for-apocalypse-dow-20110924-1kqsq.html#ixzz1YvQ1b5A2

Thoughts?

 

[scuba_steve2121]

thoughts?

Hyper-stagflation

Say it loud say it proud we're all Keynesians now?

 

[Blastus]

The amount of easing can't lead to stagflation in the current market homie

 

[Blastus]

though that depends on your definition of stagflation, I thought it was like growth two std deviations+ less than inflation

 

[scuba_steve2121]

The amount of easing can't lead to stagflation in the current market homie

yea true but the way they're going I don't see them stopping anytime time soon so I'd expect some stagflation in the near future

 

[Garygaz]

remove greece, ireland, spain and italy from eurozone, let their currencies collapse, greece once again becomes a super cheap holiday destination, massive influx of tourists to these countries, jobs created. germany gets to stop bailing out countries and wrecking the euro.

 

[funkshen]

well that certainly isn't going to happen.

besides, removing greece and italy from the eurozone is no panacea. it would just make them someone else's problem (their own). while that idea certainly has merit, it's a rejection of the european project. italy and greece were both basketcase economies before they joined the eurozone, so i find it hard to believe that re-assuming monetary independence will be some magic disciplining force. if anything, continued membership in the eurozone has the potential to be a disciplining force that could actually facilitate real improvements in the respective economies. this is, of course, assuming that either the eurozone leadership or the membership have the fortitude to develop and be faithful to institutions that reward and prioritise fiscal responsibility and productivity gains instead of leveraged growth.

then theres the matter of how the current debt would be handled if those economies did leave the eurozone. none of them would want debt denominated in foreign currency

the world would benefit if the PIGS left the euro but europe gives no fucks about that. it's all part of the plan, where the united socialist states of europe give the USA the comeuppance that has long been in the works

 

[Blastus]

remove greece, ireland, spain and italy from eurozone, let their currencies collapse, greece once again becomes a super cheap holiday destination, massive influx of tourists to these countries, jobs created. germany gets to stop bailing out countries and wrecking the euro.

hahahahahahah the way the eu is formed they can't do that you stupid cunt

 

[Blastus]

http://en.wikipedia.org/wiki/Treaty_of_Lisbon

 

[Blastus]

the eu is a giant fucking anti-democratic scam

 

[funkshen]

the eu is a giant fucking anti-democratic scam

it's all part of the plan. divert attention away from internal troubles through pan europeanism

 

[scuba_steve2121]

when ever i think of the EU as a growing centralised super power my mind goes straight to this scene

 

[Garygaz]

hahahahahahah the way the eu is formed they can't do that you stupid cunt

huehuuhehue either way countries like germany , belgium and luxembourg will try and remove them and if not, there is nothing stopping them from removing themselves from the eurozone - same outcome.


p.s how's that gold price treating you guys? huehuehuehueheuehueuheuheuheuheuheeu - i think an obligatory i told you so is warranted


I TOLD YOU SO