Cable Update (GBPUSD)

Quoting dantpm

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{quote} Pretty sure that the US wouldn't have gone bankrupt. The economic problem at the time was inflation with interest rates around 20%. In the US all interest is tax deductible from income so this contributed to more inflation. The US was supporting their military interference all over the world. They refused to increase taxes to pay for their war efforts which is still the case. Too feed and house workers, unions kept demanding higher wages causing more inflation. So I am pretty sure fully deductible interest from income, interest rates of...

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Quoting Iansco

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{quote} that requires a lot of data, no? I have to know the stats on any set up on any pair on any tf. Imagine having to get all that data for all the pairs.

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Quoting Luxyus

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tempting shorts @1.2679 to 55/47 {image}

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Quoting HaLBot

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{quote} Back before Nixon took the Dollar of the gold standard every single dollar was backed by gold. You could go into any bank and swap your doller for the equivalent in gold. Now think what would have happened if all the countries in the world decided to exchange dollars for US gold stored at fort knox? The country would have been bankrupted!!

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Quoting MrFanciful

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I always like to keep this handy. This is a chart of how many grams of gold the dollar would have bought you over time. Can anyone see the point of being taken off the gold standard. Sorry, I mean "temporarily suspended" the gold standard. This is what what inflation looks like. It isn't because gold has increased in value. It's because the dollar has declined in value so you need more currency unit's to purchase the same amount of stuff. Anyone who thinks that the dollar is strong and powerful is a lunatic. EDIT: It's no different tfor GBP either....

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Quoting Whatevs

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{quote} Fiat trash down, PMs up... however, it's still not the right time it seems. When stocks go down, then probably... when all the money shifts into safe Heaven as I like to call it hahah.

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Quoting HaLBot

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Quoting MrFanciful

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I always like to keep this handy. This is a chart of how many grams of gold the dollar would have bought you over time. That's a great chart, really hammers home the point Nixon took the dollar of the gold standard and replaced it with the petro dollar meaning all oil had to be purchased with US currency giving America an unparralled economic position in the world. And what has the US done squandered that priviledge, so much so other countries are sick of the shenanigans and setting up their own trade blocs and not

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Quoting dantpm

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{quote}{quote} I read once that the main uses of US$ today are for crime, the sale of illegal drugs and weapons.

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Quoting MrFanciful

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{quote} Initially, money will probably flow into the dollar as that's what historically everyone has done. However that was during a 40 year bull run on US treasuries. {image}

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Quoting TraderFX.Id

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@scalafx are we ready to launch the rocket now? {image}

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Quoting 7154Superman

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{quote} Losing -4% off my all time high net equity of +45% live profit is "I f'ed up"? No, you were wrong all along. I never lost. I never went into negative territory since I started this system. I just had a setback from a 2 month long winning streak, made $500 cold hard cash, then lost $65 = still a profit of $435, and needed a break, and to slow down, due to over trading and getting stressed out. That's all. Now I'm back, having already made some of that loss back, (profit is now at $485), deposited another $800, and will continue another winning...

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