I have been lurking for several yrs broke down and joined tonight so..... I just gotta post..
Lets not all forget the banking crisis that has brought us to this pnt... My friends we are not even halfway through...
now don't go scalping on this, but as the carry trade has been unwinding for 3 months be building very small shorts. treat it like a small fund and it WILL pay off.
china is one of the largest holders of usd and they know that they will never be paid back, lets see what can they do?
lets have a Juvenal phone conversation:
America: hello china, can we barrow some more money? We need it so that you guys can have some one to sell all that stuff you make too.
china: damn you yankees what did you do with that last trillion.
America: we don't know all we know is when we look at our accnt there isn't any more.
china: no we cant loan you any more money. well,wait lets see if you can give us raw materials we might think about it.
America: yeah thats a great idea we have just the "program" for it. well call it "Cash for Clunkers" . then well send you all the scrap metal.
China: oh yea theres one more thing. you cant think that you are going to just pay us back with cheap dollar, cause that ain't working for us.
America: well you know that we have already exceeded the pnt of no return and cant afford to pay you back with a strong dollar. what do you want us to do?
china: all right, this is how it will go. We will still loan you some and you keep printing, smoke and mirrors. as the sentiment fluctuates we want all efforts to strengthen the dollar (in a non alarming manner) as the dollar strengthens and is being propped up we will start exchanging it for gold. When the deed is done and the tooth pick that is propping the dollar is not needed the dollar will crash.
America: OMG we cant do that there has to be another way.
china: your only hope is to form that north American union you singed in in 05 and come up with another currency. The problem is that you have no choice "Catch 22"
Oh yeah remember those 70's and 80's statements that we would crush you with out ever firing first shot, You Americans are short term traders.
This soga is way deep and really all this even the game I just played is a small part of a larger "Global" plan... BELIEVE THAT !!!! It takes no economic genius to see that all the capitalistic values have been abused and purposefully destroyed. you cant destroy our manufacturing (in the 90's) and then do bail outs because of mandatory lending policies... People wake up!!! (not talking to people on this thread rather the general public)
Lets not all forget the banking crisis that has brought us to this pnt... My friends we are not even halfway through...
now don't go scalping on this, but as the carry trade has been unwinding for 3 months be building very small shorts. treat it like a small fund and it WILL pay off.
china is one of the largest holders of usd and they know that they will never be paid back, lets see what can they do?
lets have a Juvenal phone conversation:
America: hello china, can we barrow some more money? We need it so that you guys can have some one to sell all that stuff you make too.
china: damn you yankees what did you do with that last trillion.
America: we don't know all we know is when we look at our accnt there isn't any more.
china: no we cant loan you any more money. well,wait lets see if you can give us raw materials we might think about it.
America: yeah thats a great idea we have just the "program" for it. well call it "Cash for Clunkers" . then well send you all the scrap metal.
China: oh yea theres one more thing. you cant think that you are going to just pay us back with cheap dollar, cause that ain't working for us.
America: well you know that we have already exceeded the pnt of no return and cant afford to pay you back with a strong dollar. what do you want us to do?
china: all right, this is how it will go. We will still loan you some and you keep printing, smoke and mirrors. as the sentiment fluctuates we want all efforts to strengthen the dollar (in a non alarming manner) as the dollar strengthens and is being propped up we will start exchanging it for gold. When the deed is done and the tooth pick that is propping the dollar is not needed the dollar will crash.
America: OMG we cant do that there has to be another way.
china: your only hope is to form that north American union you singed in in 05 and come up with another currency. The problem is that you have no choice "Catch 22"
Oh yeah remember those 70's and 80's statements that we would crush you with out ever firing first shot, You Americans are short term traders.
This soga is way deep and really all this even the game I just played is a small part of a larger "Global" plan... BELIEVE THAT !!!! It takes no economic genius to see that all the capitalistic values have been abused and purposefully destroyed. you cant destroy our manufacturing (in the 90's) and then do bail outs because of mandatory lending policies... People wake up!!! (not talking to people on this thread rather the general public)
i am not sure it will go down though, as 1.73 has been good support for 6 months, and i'm very bearish aud at the moment. still, i am playing range, or buying/selling on a break out on that pair.
UJ ...I dont think we will see kaboom yet today
