it has allowed me to focus on analysing what is going on behind the scenes.
Rather than pretend to be expert enough to explain things properly I just read this extremely informative article which will allow me to make my thoughts clear once you have read and understood it.
http://mises.org/daily/5833/MF-Globa...ional-Reserves
I am in Toronto and it just happens I know the President of Mises Canada and most likely will be meeting him in the next few days to discuss a project of common interest.
We are going through another period very much similar to September 2008 however much more serious and with new factors that did not exist during 2008.
The entire financial world was shocked with the events following the Lehman bankruptcy and the FED was able to convince the public that TOO BIG TO FAIL would destroy the economy if no action was taken.
We all remeber TARP and things that were done after that. We did not know for years what the FED really had done. We recently found out that the FED had secretly made Trillions available to the world in order to hold the markets up.
Along came the TEA party only as a result of things not happening. There was gridlock in the US Political process and the Debt Ceiling DEBACLE showed the Emperor had no clothes. When November 23, 2011 passed with NO CUTS until 2013 which of course can be reversed CREDIBILTY and CONFIDENCE went out the window.
Then along came the climax in Europe with the Failed Summit where Britain went it's own way.
THEN along comes MF Global which is today's LEHMAN moment.
On December 13, 2011 the FED did not PULL any rabbits out of the HAT at least publically so now we are for sure in uncharted waters.
The KEY FACTOR now is that CONFIDENCE in the financial system and the POWERS THAT BE that manipulate the markets is gone.
We have NO RULES now and it would be very wise to understand this as a forex trader.
I hope I have enlightened some here to the REALITY of where things sit and by reading and understanding the Mises article specifically as relates to MF Global will give you an EDGE and INSIGHT into future events that will occur during 2012 which will be the year that the World changed in front of out eyes.
The Arab Spring was just the warm up act. The World Spring will be an event that will go down in History as a watershed event.
I wish everyone a good day and while early a Merry Christmas and a Happy New Year. I look forward to being very active here during 2012.
Rather than pretend to be expert enough to explain things properly I just read this extremely informative article which will allow me to make my thoughts clear once you have read and understood it.
http://mises.org/daily/5833/MF-Globa...ional-Reserves
I am in Toronto and it just happens I know the President of Mises Canada and most likely will be meeting him in the next few days to discuss a project of common interest.
We are going through another period very much similar to September 2008 however much more serious and with new factors that did not exist during 2008.
The entire financial world was shocked with the events following the Lehman bankruptcy and the FED was able to convince the public that TOO BIG TO FAIL would destroy the economy if no action was taken.
We all remeber TARP and things that were done after that. We did not know for years what the FED really had done. We recently found out that the FED had secretly made Trillions available to the world in order to hold the markets up.
Along came the TEA party only as a result of things not happening. There was gridlock in the US Political process and the Debt Ceiling DEBACLE showed the Emperor had no clothes. When November 23, 2011 passed with NO CUTS until 2013 which of course can be reversed CREDIBILTY and CONFIDENCE went out the window.
Then along came the climax in Europe with the Failed Summit where Britain went it's own way.
THEN along comes MF Global which is today's LEHMAN moment.
On December 13, 2011 the FED did not PULL any rabbits out of the HAT at least publically so now we are for sure in uncharted waters.
The KEY FACTOR now is that CONFIDENCE in the financial system and the POWERS THAT BE that manipulate the markets is gone.
We have NO RULES now and it would be very wise to understand this as a forex trader.
I hope I have enlightened some here to the REALITY of where things sit and by reading and understanding the Mises article specifically as relates to MF Global will give you an EDGE and INSIGHT into future events that will occur during 2012 which will be the year that the World changed in front of out eyes.
The Arab Spring was just the warm up act. The World Spring will be an event that will go down in History as a watershed event.
I wish everyone a good day and while early a Merry Christmas and a Happy New Year. I look forward to being very active here during 2012.
..... Never mind she dropped about 500 since the middle of last week
...... I can just see the stampede to buy... Ohhh, Ohhh, I wanna be first
