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  • #154,321
  • Oct 20, 2009 6:50pm Oct 20, 2009 6:50pm
Quoting gatorinla
dono but you could get a new mercedes or beamer for 100$ at a certain aiport in the mid east about 8 mionths ago.
i hope you are joking or mistaken

"Beavis: A new Mercedes...hah...hah-hah..."
Butthead: For a hundred bucks...hah...hah-hah-hah..."
Beavis: Aaahh...butthead gimme a hundred bucks...hah...hah-hah...
Butthead: Shut up Beaivs or I'll kick you in the beamer...hah...hah-hah-hah...."
  • #154,322
  • Oct 20, 2009 6:52pm Oct 20, 2009 6:52pm
Quoting TheFisherman
where DO 200k beamers sell well?
200k what? USD? They will be $600k soon ;-)
A guy told me in Hong Kong they don't accept cash payments in US$ anymore. Also American Express. Big Chinese exportes will be next.
We will never forget you Karlo
  • #154,323
  • Oct 20, 2009 6:52pm Oct 20, 2009 6:52pm
Quoting Patience
Well I must be extremely thick then because my understanding of the article was that the world was once again "short of dollars" and the short squeeze was going to be the other way as in the EUR going down.

I need to go to university or stop reading articles that I don't fully understand.
I think you're right. I had too much wine tonight. Confusing E/U with DXY. Sorry.

[EDIT] Although on a side note: how can the world be short of dollars (again) if Bernie prints like the mad prince of green onions?
  • #154,324
  • Oct 20, 2009 6:59pm Oct 20, 2009 6:59pm
Quoting TheFisherman
i hope you are joking or mistaken

"Beavis: A new Mercedes...hah...hah-hah..."
Butthead: For a hundred bucks...hah...hah-hah-hah..."
Beavis: Aaahh...butthead gimme a hundred bucks...hah...hah-hah...
Butthead: Shut up Beaivs or I'll kick you in the beamer...hah...hah-hah-hah...."
He's neither joking nor mistaken.

http://business.timesonline.co.uk/to...cle5663618.ece

In related news; Beavis and Butthead beheaded in Dubai for not paying their bills. Emir declared "they sucked".
Not all sins are created equal
  • #154,325
  • Oct 20, 2009 7:00pm Oct 20, 2009 7:00pm
Quoting az_ivan
200k what? USD? They will be $600k soon ;-)
A guy told me in Hong Kong they don't accept cash payments in US$ anymore. Also American Express. Big Chinese exportes will be next.
Even at $600k, they will sell well.

Better get rid of dollars while they are worth something.
Not all sins are created equal
  • #154,326
  • Oct 20, 2009 7:02pm Oct 20, 2009 7:02pm
Before WWII USA created welfare for its citizens through hard work. After WWII the wellfare was created more and more by borrowing and plunder. Bernake had the historical chance of turning this nonsense into good old ways. He chose not to. That's why he is "the Clown" instead of "the Wise".
  • #154,327
  • Oct 20, 2009 7:04pm Oct 20, 2009 7:04pm
Quoting Jay Walker
He's neither joking nor mistaken.

http://business.timesonline.co.uk/to...cle5663618.ece

In related news; Beavis and Butthead beheaded in Dubai for not paying their bills. Emir declared "they sucked".
R.O.F.L.M.A.O.!!!
  • #154,328
  • Oct 20, 2009 7:11pm Oct 20, 2009 7:11pm
This is exactly what should be done: There must be generated as much US Dollars that the under-water-US-mortgages become above-water-mortgages. This is the only cure for the US economy. Any decrease of the dollar amount will kill it. All talks about exit strategy are just talks. Indeed, Ben is doing his tasks great:
1. Generate big amount of dollars for a short time
2. Keep the world believing in the dollar strenght
3. Keep his beard as awful as possible

Quoting vulture
well what should be done? im not an economist but i guess they did the best they could do to save the world economy. so what is your expert opinion on what should be done? how do you know their exist strategy wont work? well they can make mistake too who knows.. lets just trade
We will never forget you Karlo
  • #154,329
  • Oct 20, 2009 7:19pm Oct 20, 2009 7:19pm
Quoting az_ivan
This is exactly what should be done: There must be generated as much US Dollars that the under-water-US-mortgages become above-water-mortgages. This is the only cure for the US economy. Any decrease of the dollar amount will kill it. All talks about exit strategy are just talks. Indeed, Ben is doing his tasks great:
1. Generate big amount of dollars for a short time
2. Keep the world believing in the dollar strenght
3. Keep his beard as awful as possible
he should have left everything go to hell. than start up fresh. that's what periodically must happen in capitalism due to accumulation of capital. any measure is just a postpone of the unavoidable epic end of a period of capital accumulation followed by fast and painful deccumulation. the harder they go the harder they fall because if else any human being is capable of at least picking up a stone and throw it when his survival is endangered.
  • #154,330
  • Oct 20, 2009 7:23pm Oct 20, 2009 7:23pm
Quoting TheFisherman
Before WWII USA created welfare for its citizens through hard work. After WWII the wellfare was created more and more by borrowing and plunder. Bernake had the historical chance of turning this nonsense into good old ways. He chose not to. That's why he is "the Clown" instead of "the Wise".
not true.. we devauled the 25$ to 35$ gold piece to pay for europes ww2.. as you see were are still paying for it. so you see in the year 2009 each of us in u.s. that pay taxes are paying still for what we bought in blood 65 years before.


we did it further in the early 70ties because europes wanted to redeme gold for 35 usd. so we eliminated the gold standard. also it allowed nixen to funnel cheap dollars into the war machine. oil was 3$ a barrel before then...the arabs did not like us helping siding with israel. tada.... helping others gets us phucked.. add in kauwait and the saudis and we could all sit home and get a check from the gov.. just like the saudis/kuwaits do.. oil before start of last conflict i think 23pb$ ... so guess whos paying for that.. your walking in the blood of others who paid the bills.
those who can, do. those who cant, talk about those who can
  • #154,331
  • Oct 20, 2009 7:26pm Oct 20, 2009 7:26pm
Quoting gatorinla
not true.. we devauled the 25$ to 35$ gold piece to pay for europes ww2..
I said before WWII.

Did you know UK finished paying the last $ to USA two years ago for the help given during WWII? If I start thinking ... WHO THE HELL WON WWII???

[EDIT] By the looks of things...Germany!
  • #154,332
  • Oct 20, 2009 7:28pm Oct 20, 2009 7:28pm
This would be a better way. But I doubt it was possible for Obama and his team to follow it. It was too late. Remember, an year ago, a new president came in the house, having a mission to urgently save the US. What they should do? Just let all those banks and car makers go to hell? The whole system wouldn't survive that. There would be lots of people throwing stones right now and eating roots
Quoting TheFisherman
he should have left everything go to hell. than start up fresh. that's what periodically must happen in capitalism due to accumulation of capital. any measure is just a postpone of the unavoidable epic end of a period of capital accumulation followed by fast and painful deccumulation. the harder they go the harder they fall because if else any human being is capable of at least picking up a stone and throw it when his survival is endangered.
We will never forget you Karlo
  • #154,333
  • Oct 20, 2009 7:32pm Oct 20, 2009 7:32pm
Quoting az_ivan
This is exactly what should be done: There must be generated as much US Dollars that the under-water-US-mortgages become above-water-mortgages. This is the only cure for the US economy. Any decrease of the dollar amount will kill it. All talks about exit strategy are just talks. Indeed, Ben is doing his tasks great:
1. Generate big amount of dollars for a short time
2. Keep the world believing in the dollar strenght
3. Keep his beard as awful as possible
Not doubt that there is a risk of further dollars depreciation.. i say a risk not just a fact.if the dollars further collapse shit can really hit the fan and they know it.. im just cautious .currency behavior can really cause illusions. never be overconfindent.
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #154,334
  • Oct 20, 2009 7:33pm Oct 20, 2009 7:33pm
Quoting TheFisherman
I said before WWII.

Did you know UK finished paying the last $ to USA two years ago for the help given during WWII? If I start thinking ... WHO THE HELL WON WWII???

[EDIT] By the looks of things...Germany!
not true... not if you consider the gold standard was used when money was borrowed..at todays price or last years your a little short..
those who can, do. those who cant, talk about those who can
  • #154,335
  • Edited 8:58pm Oct 20, 2009 7:33pm | Edited 8:58pm
The eurozone boys are already crying foul...and it has not reached 1.50 yet
http://www.bloomberg.com/apps/news?p...d=aENjnPtz200g
  • #154,336
  • Oct 20, 2009 7:35pm Oct 20, 2009 7:35pm
Quoting az_ivan
This would be a better way. But I doubt it was possible for Obama and his team to follow it. It was too late. Remember, an year ago, a new president came in the house, having a mission to urgently save the US. What they should do? Just let all those banks and car makers go to hell? The whole system wouldn't survive that. There would be lots of people throwing stones right now and eating roots
including all of europes banks and new zealand... they have not disclosed it all yet but maybe the aussies also, can you spell AIG
those who can, do. those who cant, talk about those who can
  • #154,337
  • Oct 20, 2009 7:36pm Oct 20, 2009 7:36pm
Quoting az_ivan
This would be a better way. But I doubt it was possible for Obama and his team to follow it. It was too late. Remember, an year ago, a new president came in the house, having a mission to urgently save the US. What they should do? Just let all those banks and car makers go to hell? The whole system wouldn't survive that. There would be lots of people throwing stones right now and eating roots
Throwing stones, yes. Eating roots, no. A family can survive off a bucket of boiled potatoes a day. I'm not shitting you. I have friends that went through this when my country came out of the communist regime and inflation was 200-300% percent a year. I lived those times and survived fine thank you. In ten years it would have been nothing more than a funny memory of how prices were changed twice a day in the grocery stores.
  • #154,338
  • Oct 20, 2009 7:41pm Oct 20, 2009 7:41pm
Quoting wwwin
Eurozone Trichet would intervene at 1.60 or 1.65, so 2.00 cannot happen anytime soon, if ever..., Eurozone economy would collapse...and they have many many fragile countries, and that's the way it is.

I do not doubt that EZ will intervene at some point on the march to euro version 2.0. I mean speculators never ever ever can go against a central bank and win. Or can they?

Remember a little day in 1992 called Black Monday? The BOE threw 15 billion into the market and then raised rates 5%.

Speculators still won.
"Timing Is Everything. Really I Swear It Is"
  • #154,339
  • Oct 20, 2009 7:47pm Oct 20, 2009 7:47pm
Quoting TexasforEX
I do not doubt that EZ will intervene at some point on the march to euro version 2.0. I mean speculators never ever ever can go against a central bank and win. Or can they?

Remember a little day in 1992 called Black Monday? The BOE threw 15 billion into the market and then raised rates 5%.

Speculators still won.
depends on your charter.. ez controlls inflation/deflation... only... you have to change the rules..and by that time we will all know..ahead of time..try to get all those countrys to change the rules and keep it quiet..ezcb is not the boe.
those who can, do. those who cant, talk about those who can
  • #154,340
  • Oct 20, 2009 7:59pm Oct 20, 2009 7:59pm
Frothing at the mouth...
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