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  • #616,421
  • Mar 27, 2012 2:55pm Mar 27, 2012 2:55pm
Quoting TraderBoyFF
We're actually entering a very dangerous time, at least pertaining the financial world as we know it.

This is a time when global perception will be the fulcrum of the fundamental system and will be critical going forward.

What i'm trying to say is, money is a form of unit measurement, measuring value. And when that system of measuring value is out-of-whack or unfair, a huge reset to the equilibrium could follow.

I just hope stability is maintained.
Hmm, this is it! In my point of view. So we are on the start of some knowledge. I would compare it whit discovery of fire or wheel there is no space for money anymore. Monetary system is 40 years in comedown. How ever it will be I just see a nice future.
  • #616,422
  • Mar 27, 2012 2:57pm Mar 27, 2012 2:57pm
Quoting the redlion
the US needs to print money (according to Keneysian economics)

Because the economy is contracting which leads to liquidation
as the economy liquidates excesses, you get less consumption= less profits for corporations= laying off of people= less consumption= less profits= more laying off of workers= less consumption,

wages come down, goods and services are worth less, farmers and anyone else with mortgages, any other type of credit line cannot deleverage as their salaries are low yet their loans are the same= default in loans = credit crunch=...
Yeah, this is assuming that the U.S. economy is still growing.

The fact is, the things that made the U.S. economy great, such as mass production of goods such as cars (introduction of the modern assembly by Ford), and services are not present at the levels that made it the engine of the U.S. economic juggernaut.

These things: cars, goods, almost all the corporations which used to make them here in the U.S., have mostly left and gone to China; services such as call centers and such have also been outsourced to third world countries,

SO yeah, the Keynesian economic system might work if those factors are still present in the U.S., however, they're not anymore.

That's where the real trouble is, fundamentally and structurally (manufacturing of goods and distribution of services), the U.S. is not the same as it was.
Learn to see what's there, not what you want to see.
  • #616,423
  • Mar 27, 2012 2:58pm Mar 27, 2012 2:58pm
+ 20 pips TP 21
Trade What You See Not What You Want To See
  • #616,424
  • Mar 27, 2012 2:59pm Mar 27, 2012 2:59pm
Quoting the redlion
the US needs to print money (according to Keneysian economics)

Because the economy is contracting which leads to liquidation
as the economy liquidates excesses, you get less consumption= less profits for corporations= laying off of people= less consumption= less profits= more laying off of workers= less consumption,

wages come down, goods and services are worth less, farmers and anyone else with mortgages, any other type of credit line cannot deleverage as their salaries are low yet their loans are the same= default in loans = credit crunch=...
Which of course is rubbish since the printing destroys the capital required to restart the economy (by devaluating it). The only ones to benefit are the institutions that directly get the new cash at the expense of everybody else. Wages and prices come down in real terms in both cases- deflation or inflation.

Only difference with inflation is the people who made bad investments are bailed out at the expense of the rest of the ecnomy/population.

Deflation is actually good since it naturally allocates increased productivity to those who made it happen instead of the government. The only people who may suffer are those neck deep in debt which these days in the US is everybody lol.
  • #616,425
  • Mar 27, 2012 2:59pm Mar 27, 2012 2:59pm
Quoting Julexo
Watch action in zones
  • #616,426
  • Mar 27, 2012 3:02pm Mar 27, 2012 3:02pm
Quoting hlina9
Hmm, this is it! In my point of view. So we are on the start of some knowledge. I would compare it whit discovery of fire or wheel there is no space for money anymore. Monetary system is 40 years in comedown. How ever it will be I just see a nice future.
money has to exist...unless you are thinking about a peaceful society of humans that share resources and provide goods and services out of the kindness of their heart and share their work equally with no unfair allocation, by a few.

highly unlikely that humans will actually embrace communism,

we are all selfish, and pretending we are not is hypocrisy, I will not help anyone if i cannot get anything in return.

If a homeless war veteran is dying of hunger...oh well, i am not about to go hunt a deer, cook it prepare it and give it to him, then kill a sheep and use the wool to make a blanket so he can sleep well.....fuck that shit, he can die of cold and hunger.

there is nothing in it for me.


and if you think i am an asshole, then look around, the homeless, the children of africa, the people in extreme poverty, WHAT DO YOU do for them?

they die of hunger and eat once a week if lucky while you give some papers with dead old men and a number on the corner to a restaurant for steak and lobster
AVT INVENIAM VIAM AVT FACIAM
  • #616,427
  • Mar 27, 2012 3:07pm Mar 27, 2012 3:07pm
Quoting Kowalczyk
Yes, $14 Trill is the amount owed by the Fed gov. This includes all cash outstanding (cash in you bank account/wallet), all money owed to State governments, the treasury/federal reserve (they basically buy their own bonds), and does not include all of the assets the the Federal government .

Now I am done. Agreeing to disagree.
@Kowalczyk:

Im happy to reaffirm that you were correct about the European debt figure and gave you the break down of the debt as it relates to the Euro zone.
  • #616,428
  • Mar 27, 2012 3:08pm Mar 27, 2012 3:08pm
Opened some longs on EUR, AUD and GU.
Dollar index is showing some signs of weakness on this level / this might be the end of its correction.

DXI M15 ( Fib + TL + S )
http://img705.imageshack.us/img705/2810/80421746.gif
  • #616,429
  • Mar 27, 2012 3:08pm Mar 27, 2012 3:08pm
Quoting the redlion

highly unlikely that humans will actually embrace communism,



If a homeless war veteran is dying of hunger...oh well, i am not about to go hunt a deer, cook it prepare it and give it to him,
there is nothing in it for me.


and if you think i am an asshole, then look around, the homeless, the children of africa, the people in extreme poverty, WHAT DO YOU do for them?
No one is thinking of you as an "a$$hole" my friend. In fact, i'm sure no one said that.

I am actually on the side of capitalism obviously. We're just having an enlightened/ intelligent discussion, which i appreciate. I certainly prefer these types of discussions compared to the name-calling and bragging about 600 lot trades which was the norm over on this thread a few weeks prior.
Learn to see what's there, not what you want to see.
  • #616,430
  • Mar 27, 2012 3:09pm Mar 27, 2012 3:09pm
Quoting TraderBoyFF
Yeah, this is assuming that the U.S. economy is still growing.

The fact is, the things that made the U.S. economy great, such as mass production of goods such as cars (introduction of the modern assembly by Ford), and services are not present at the levels that made it the engine of the U.S. economic juggernaut.

These things: cars, goods, almost all the corporations which used to make them here in the U.S., have mostly left and gone to China; services such as call centers and such have also been outsourced to third world countries,

SO yeah,...
that is the thing, the US might not produce them but they own the means of production, and by our military imperialism we own the world resources.

we print paper yet that is REAL value as long as all commodities and oil are priced in USD.

try to bypass that and you end up like Saddam, which country can stand up to the military power of the US, and the corporations that OWN the world financial system.

they OWN us, they fuck up, we bail them out. The government is no longer the entity governing our country, its not capitalism its corporatism
AVT INVENIAM VIAM AVT FACIAM
  • #616,431
  • Mar 27, 2012 3:12pm Mar 27, 2012 3:12pm
Quoting TraderBoyFF
No one is thinking of you as an "a$$hole" my friend. In fact, i'm sure no one said that.

I am actually on the side of capitalism obviously. We're just having an enlightened/ intelligent discussion, which i appreciate. I certainly prefer these types of discussions compared to the name-calling and bragging about 600 lot trades which was the norm over on this thread a few weeks prior.
@TraderBoyFF:

Well done TraderBoyFF, taking the high ground. Keep it up
  • #616,432
  • Mar 27, 2012 3:12pm Mar 27, 2012 3:12pm
good trades to all
bed time in Ireland
you guys only think you have debt problems
Trade What You See Not What You Want To See
  • #616,433
  • Mar 27, 2012 3:13pm Mar 27, 2012 3:13pm
Quoting the redlion

highly unlikely that humans will actually embrace communism,

we are all selfish, and pretending we are not is hypocrisy, I will not help anyone if i cannot get anything in return.


and if you think i am an asshole, then look around, the homeless, the children of africa, the people in extreme poverty, WHAT DO YOU do for them?
I am impressed,you actually know what you are talking about (no insult intended, it is just that so many people claim the opposite). I hate people who act like being human means caring for other animals, helping others... The point is, for the last 3000 years, humans really have not changed that much. It is still kill or be killed. The difference is, now we have dollars (and other currencies) so we do not have to kill each other over a steak. It make us believe we are more cultured.
  • #616,434
  • Mar 27, 2012 3:14pm Mar 27, 2012 3:14pm
Quoting the redlion
that is the thing, the US might not produce them but they own the means of production, and by our military imperialism we own the world resources.

we print paper yet that is REAL value as long as all commodities and oil are priced in USD.

try to bypass that and you end up like Saddam, which country can stand up to the military power of the US, and the corporations that OWN the world financial system.

they OWN us, they fuck up, we bail them out. The government is no longer the entity governing our country, its not capitalism its corporatism
Yes, you said it yourself.
Our country runs the world via corporatism.

However, soon there are other world powers that will challenge our great country. And that's where the problem lies. It's not fair for them, as we continue to operate on this.

The closest thing to fair would be true capitalism.

What you are referring to is not capitalism. I agree to that.
Learn to see what's there, not what you want to see.
  • #616,435
  • Mar 27, 2012 3:15pm Mar 27, 2012 3:15pm
Quoting TraderBoyFF
No one is thinking of you as an "a$$hole" my friend. In fact, i'm sure no one said that.

I am actually on the side of capitalism obviously. We're just having an enlightened/ intelligent discussion, which i appreciate. I certainly prefer these types of discussions compared to the name-calling and bragging about 600 lot trades which was the norm over on this thread a few weeks prior.
At least we all agree on one thing.
  • #616,436
  • Mar 27, 2012 3:15pm Mar 27, 2012 3:15pm
Quoting the redlion
that is the thing, the US might not produce them but they own the means of production, and by our military imperialism we own the world resources.

we print paper yet that is REAL value as long as all commodities and oil are priced in USD.

try to bypass that and you end up like Saddam, which country can stand up to the military power of the US, and the corporations that OWN the world financial system.

they OWN us, they fuck up, we bail them out. The government is no longer the entity governing our country, its not capitalism its corporatism
Which is why America will be destroyed from within, when silent majority realize they have been screwed over completely they will revolt.
You can already see the ruling class & wall St are scared, they used anti-terror laws to force Twitter to hand over details of OWS tweets.

Its a matter time before the masses rise up...
  • #616,437
  • Mar 27, 2012 3:17pm Mar 27, 2012 3:17pm
Quoting pipsallday
+ 20 pips TP 21
Congrats my friend
  • #616,438
  • Mar 27, 2012 3:17pm Mar 27, 2012 3:17pm
Quoting Kowalczyk
At least we all agree on one thing.


I think having an enlightened and informed discussion is much more productive than straight out bickering.

Plus, i also think it definitely helps the time pass while we all wait for meaningful price action.
Learn to see what's there, not what you want to see.
  • #616,439
  • Mar 27, 2012 3:19pm Mar 27, 2012 3:19pm
Quoting Xdir
Which is why America will be destroyed from within, when silent majority realize they have been screwed over completely they will revolt.
You can already see the ruling class & wall St are scared, they used anti-terror laws to force Twitter to hand over details of OWS tweets.

Its a matter time before the masses rise up...
I will not even waste the time to properly respond to this complete joke.

People have been saying that America will fall since the 1700's. All of them have blamed the rich and successful (wall st) and they were all wrong.

Why do people always blame the successful, it is just completely ignorant and shows jealousy. I do not blame the Japanese or British because my GBP/JPY hit my SL, nor do I blame the ruling class.

Also, just so you know, Wall Street is where the NYSE is. That is not were the wealthy "ruling class" lives nor works. That is where average, hard working people come to exchange shares in companies (usually for others / not their own money). Once again, the media makes people believe wall street is greedy. How can an exchange be greedy??? It just facilitates trades (for every dollar made, a dollar is lost by another).
  • #616,440
  • Mar 27, 2012 3:19pm Mar 27, 2012 3:19pm
Quoting TraderBoyFF


I think having an enlightened and informed discussion is much more productive than straight out bickering.

Plus, i also think it definitely helps the time pass while we all wait for meaningful price action.
the one thing i disagree with you is that, Price action is actually important.
AVT INVENIAM VIAM AVT FACIAM
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