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Nicholas Sarkozy could be the end of Forex

  • #41
  • Edited 7:31pm Oct 23, 2008 10:21am | Edited 7:31pm
Dear Sarkozy...I believe that you are a smart man...so, hear my advice...

http://img367.imageshack.us/img367/9383/sarkozy1cr6.jpg

...continue enjoying your good life with nice girls like Carla Bruni...

http://img517.imageshack.us/img517/69/sarkozy2cc9.jpg

...and don´t plan to attack the financial interests from thousands of traders and financial institutions around all world...

....because your current ideas for Currency Market are very dangerous...

Hear me and enjoy your great life...all the best for you & success in your political career!
  • #42
  • Oct 23, 2008 10:54am Oct 23, 2008 10:54am
Quoting ablg
tdion, in any advanced country the people who know even a little of what is really happening and what led to it represents probably at most 5% of the population, and no single fact can be pointed to, to explain what resulted to the mess we are in.

Yes it can. A bubble burst. It just happened to be a very big one. Greed blew the bubble up (banks being leveraged as much as 67 times what they actually were worth). Fear and reality burst it. Capitalism is still the way forward, but society needs to get a grip on what it can afford. Growth based on excessive and irresponsible borrowing is not sustainable. Borrowing a shit load more money to sweep it even further under the carpet is not going to help. Capitalism and the free market does not equate to greed, it leads to efficiency, the optimal allocation of resources and ultimately freedom. I fear a knee-jerk reaction is more likely right now. Just a few changes in the rules are required so we do not easily forget what got us into this mess, not a wholesale change in Western economic ideology.
  • #43
  • Oct 23, 2008 1:36pm Oct 23, 2008 1:36pm
I love French efforts "to be somebody"

Their whole history is nothing but being humilated by the British and the US.

Does any one even listen to the French or even talk their language except the French???
  • #44
  • Oct 23, 2008 1:47pm Oct 23, 2008 1:47pm
...this wouldn't be the first one that's impractical. They once tried to amend their constitution -- which is practically amended monthly -- to include a person's right to continue doing the same line of employment tomorrow that they were doing yesterday.

In other words, you have a constitutional right to continue doing the same job -- a prelude to eliminating dismissal of any kind. This is great news if you're a worker, but if you're the boss....

Speculation is as old as the hills, as you can read in "Reminiscences of a
Stock Operator."

(Bear in mind that a right is something you have that doesn't infringe on
another person -- you have the right to speak your mind, but not the right
to be broadcast on network TV at someone else's expense; you cannot
march into CNN and get ten minutes on the AC 360 hour.)
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #45
  • Oct 23, 2008 2:13pm Oct 23, 2008 2:13pm
Ok so lets suppose there is the political will to do this, what would have to happen for it to be implemented.

1. Every country in the world would have to peg their currency.
2. Every country would have to agree their exchange rate relatrive to every other country.
3. Every country would be trying to lock in a permanent advantage thru a lower exchange rate.
4. Every country would have to levy the same tax rate.

Need I go on.

The Euro works(sort of) time will tell tho and that was on a much smaller scale.

Effectively this is communism on a worldwide scale.

Do you still think this is gonna hppen.
  • #46
  • Oct 23, 2008 2:29pm Oct 23, 2008 2:29pm
Quoting Maxsmart
given the extent of the damage caused by the credit crisis, anything is possible. They might embrace something they don't fully understand.
IMO the mega-merchant banks and their "bond market" cartel which owns our central banks and gains private powers to rule mere governments via control of money and credit might be to blame

As both history and contemporary affairs reveal, the greatest threat to the peace and stability of the world is a banking system, and central banks, removed from the people's ownership, control, and oversight. Inflation and currency ruin are the ultimate prices paid and, today, these twin taxes are gathering steam not the speculators

Removing speculators IMO will not solve the issue in "Free Markets" when the very incentive for stockholders of private central banks is to generate as much money, debt, and borrowing as possible.

I just don’t thing the true manipulators (The Central Banks) of the world and markets, are talk about enough and left to exit out the back door while the rest of us are left scratching are heads and pointing fingers.
It's me...
  • #47
  • Oct 23, 2008 2:44pm Oct 23, 2008 2:44pm
Yes, a bubble burst but what led to it? I maintain no single fact explains it, unless human nature if you want. For some it is lack of regulation by the politics, for others it's the politics who forced the banks to lend to the poor who could not afford it in reality.(could be considered ingerence of the politics in the free market). For some it's Greenspan and his policy of low interest rates for others it' the greed of the fat cats of Wall Street, for others it's the sellers of subprimes to the poor who lied to them making them believe they could have and afford houses and lifestyles they weren't really entitled to, because they had to sell it to them as they are paid on a commission from each credit they sell.The list could go on and on, many economist refer to the 30's to explain that it was at that time that the seeds of this crisis were sawed. Because Asian and Arab countries allow the U.S to have such an inflated debt to maintain the U.S consummers in a frenzy of consumption which is in fact just another credit bubble,( and if this one were to burst the consequences on the dollar and the world in general would be of a magnitude that only fans of mad max could concieve). Etc, etc..

Though i agree capitalism is still the way to go and i don't have the intelligence to imagine and propose another model, the road is going to be made of cycles of ups and downs some of which will undoubtedly hurt more than this one and whatever regulation or non regulation is implemented it is going to be so.

When you say : "Capitalism and the free market does not equate to greed, it leads to efficiency, the optimal allocation of resources and ultimately freedom." ; with a few twists it looks like a quote from a little book by an obscure writer that went by the name of Karl Marx. It sounds as nice and right as what was said about communism. But guess what? That annoying reality that burst the bubble and in which we are obliged to live in doesn't conform to theories. Capitalism is not greed, WE are greed and human emotions will always interfere with any nice theory anybody can come up with. The predicted result of a theory will always differ from reality be it by a large or a not so large margin. And personally i like it that way; if we already knew how the story ends and there were no twists and plots we wouldn't want to read the the book, that's how we are.
  • #48
  • Oct 23, 2008 4:01pm Oct 23, 2008 4:01pm
It says something when the FT's' chief foreign affairs columnist suggests Sarkozy is going mad...

http://blogs.ft.com/rachmanblog/2008...verts-to-type/

Perhaps we should all buy the Sarkozy voodoo doll and "stick it" to him whenever he starts ranting again
  • #49
  • Oct 23, 2008 8:18pm Oct 23, 2008 8:18pm
Is Sarkozy Mossad?







.
  • #50
  • Oct 23, 2008 8:37pm Oct 23, 2008 8:37pm
Quoting dfxclub
I love French efforts \"to be somebody\"

Their whole history is nothing but being humilated by the British and the US.

Does any one even listen to the French or even talk their language except the French???
Evidemment, quand quelqu'un parle d'un idiot tel que Sarkozy, quelqu'un doit attaquer la culture Française.

Et oui, petit trou du cul, y'a des gens qui parlent leur langue.
Not all sins are created equal
  • #51
  • Oct 23, 2008 9:05pm Oct 23, 2008 9:05pm
Quoting Jay Walker
Evidemment, quand quelqu'un parle d'un idiot tel que Sarkozy, quelqu'un doit attaquer la culture Française.

Et oui, petit trou du cul, y'a des gens qui parlent leur langue.

Il faut pas insulter les gens, espece de con.
  • #52
  • Oct 23, 2008 9:16pm Oct 23, 2008 9:16pm
Quote:
Originally Posted by Jay Walker http://www.forexfactory.com/images/buttons/viewpost.gif
Evidemment, quand quelqu'un parle d'un idiot tel que Sarkozy, quelqu'un doit attaquer la culture Française.

Et oui, petit trou du cul, y'a des gens qui parlent leur langue.


[quote/ Il faut pas insulter les gens, espece de con. qoutte/]

any translator around?
  • #53
  • Oct 23, 2008 9:19pm Oct 23, 2008 9:19pm
Quoting fxterrapin
Il faut pas insulter les gens, espece de con.
Merde, j'en ai asser de voir des enculés ouvrir leur sales gueules sans savoir de quoi ils parlent.
Not all sins are created equal
  • #54
  • Oct 23, 2008 9:21pm Oct 23, 2008 9:21pm
Quoting stewrigh
Ok so lets suppose there is the political will to do this, what would have to happen for it to be implemented.

1. Every country in the world would have to peg their currency.
2. Every country would have to agree their exchange rate relatrive to every other country.
3. Every country would be trying to lock in a permanent advantage thru a lower exchange rate.
4. Every country would have to levy the same tax rate.

Need I go on.

The Euro works(sort of) time will tell tho and that was on a much smaller scale.

Effectively this is communism on a worldwide scale.

Do you still think this is gonna hppen.
I don't think so. if every country have a set rate. then forex still on.

like when ever, currency is higher then other currency then do you think how good is for that country. not too many people could afford to go that country because of the exchange rate, so people go to other countries that have lower rate. Like in Canada, when Caddy is strong, more people go to states, but like now, I am sure at border crossing. not too many people now. due to high exchange rate. if that is set rate at 1.5 Canadian to buy 1 USD. then how many Canadians are going to states? then would it good for states? not really. because there are no cash follow in the states.

so do after they realized then rate is too high they drop the rate. does it mean forex still instant you only buy at what country. then you will still make big moola, if you know the countrys' date is not good or good.
  • #55
  • Oct 23, 2008 9:21pm Oct 23, 2008 9:21pm
Quoting vorschlag
Quote:
Originally Posted by Jay Walker http://www.forexfactory.com/images/buttons/viewpost.gif
Evidemment, quand quelqu'un parle d'un idiot tel que Sarkozy, quelqu'un doit attaquer la culture Française.

Et oui, petit trou du cul, y'a des gens qui parlent leur langue.


[quote/ Il faut pas insulter les gens, espece de con. qoutte/]

any translator around?
Gladly Vorschlag. I said " Obviously, when someone talks about an idiot like Sarkozy, someone has to badmouth the French culture...and yes, little asshole, some people speak their language."

Terrapin proceeded to say "you can't insult people, you idiot".
Not all sins are created equal
  • #56
  • Oct 23, 2008 9:27pm Oct 23, 2008 9:27pm
Quoting Jay Walker
Gladly Vorschlag. I said \" Obviously, when someone talks about an idiot like Sarkozy, someone has to badmouth the French culture...and yes, little asshole, some people speak their language.\"

Terrapin proceeded to say \"you can't insult people, you idiot\".
thank you for this translation. pity i dont understand french. i agree that french culture is not related to Sarkozy coz its not his culture, and if it was this badmouth words on french smell some nationalism bias.
  • #57
  • Oct 23, 2008 9:54pm Oct 23, 2008 9:54pm
Quoting Jay Walker
Merde, j'en ai asser de voir des enculés ouvrir leur sales gueules sans savoir de quoi ils parlent.
Un peu de calme s'il vous plait messieur, vive la baguette et le camembert ainsi que le vin Francais et que Sarko aille se faire enc...ler!!!!
  • #58
  • Oct 24, 2008 4:22am Oct 24, 2008 4:22am
http://www.bloomberg.com/apps/news?p...yTw&refer=home
  • #59
  • Oct 24, 2008 8:46am Oct 24, 2008 8:46am
Quoting vorschlag
thank you for this translation. pity i dont understand french. i agree that french culture is not related to Sarkozy coz its not his culture, and if it was this badmouth words on french smell some nationalism bias.
Five years of Latin helps in this regard. This is why I took it, because I can more or less sight read what they were saying (not fluently, duh). It helps with Spanish, Italian, Portuguese, French, etc.

As far as Sarkozy, he upsets me with this one. First he seemed like the kind of man with a spine that France needed, and now he seems to be taking it too far. Plus he doesn't exactly strike respect and fear in me like Putin does, and he's the epitome of the man with brass balls (Cheney comes in a close second, hate him or love him). Forex will never go away. It can't at this point. If anything, it would just get more specialized, such as how you can trade different government bond markets against each other using the same single currency (Eurozone).
Never underestimate the powers of the Force.
  • #60
  • Oct 25, 2008 4:53am Oct 25, 2008 4:53am
sarkozy understands there are victims who suffered from recent economy crisis, he just trying to help.

although his suggestion might not be perfect, but theres nothing wrong either trying to lend money to the poors so they can afford the house & things. unless u think human beings in 21st century should still live in caves?
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