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  • #118,581
  • Oct 18, 2012 3:46pm Oct 18, 2012 3:46pm
Quoting needpips
after 1.16......1.40 yes

1.40 because the dollar will not be the reserve currency....the iraqi dinar will
a nice dream.. the euro, after thousands of years of war. they invented a way to unite them all. with a common currency, no more wars.. what a fable. when gold was the common currency, what happened.

the fable of it all is they fooled the world and you have very smart people unable to step back and look at reality.
Europe is old with a aging population and high social cost.

the 3 things needed for a strong currency are commodities, or strong baking or strong manufacturing.. or a combination of all..

they have little commodities

the banking is in the shiter a paper puppet. incestuous to the governments as a shell game.

the last thing is manufacturing. they do have this. but are the countries mainly France and Germany going to support the ones w/o?.. short term the answer seems to be yes. but what about the long term? when is enough going to be enough? the ones getting the loans have shrinking gdp. and the gbp is forecast to shrink more in the future. this with more unemployed not filling the coffers. not only not filling, but draining money in social cost.
the last down turn in 1929 took a dozen years and a war to get out of.
just like now, there were ups in those 12 years. there is always bounces. in any trend.
those who can, do. those who cant, talk about those who can
  • #118,582
  • Oct 18, 2012 3:53pm Oct 18, 2012 3:53pm
no 3035 yet.. good.. i want to enter 3112/13 +
those who can, do. those who cant, talk about those who can
  • #118,583
  • Oct 18, 2012 4:08pm Oct 18, 2012 4:08pm
inside day..
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Look Sharp/Trade Tight
  • #118,584
  • Edited 4:23pm Oct 18, 2012 4:12pm | Edited 4:23pm
Quoting gatorinla
a nice dream.. the euro, after thousands of years of war. they invented a way to unite them all. with a common currency, no more wars.. what a fable. when gold was the common currency, what happened.

the fable of it all is they fooled the world and you have very smart people unable to step back and look at reality.
Europe is old with a aging population and high social cost.

the 3 things needed for a strong currency or commodities,or strong baking or strong manufacturing.. or a combination of all..

they have little commodities

the...
We always have this discussion with you Gator. I strongly disagree with this "a strong currency or commodities,or strong baking or strong manufacturing.. or a combination of all".

If it were just for commodities the Chilean peso, the West African franc (or most of the currencies of the 200 under-develop countries in the world) should be the countries to watch .

If it were just for manufacturing ....forget manufacturing with very few exemption Doesn't represent more than 1/4 of the GDP in rich countries and that is been generous. In that sense, the Brazilian real, the Indian rupee, the Russian Ruble or the Won will be THE currencies.

Banking agree as part of equation. That's why we have the Dollar, the Euro, Sterling, CHF and Yen ..... but banking is only a "requirement" because of the size and importance of Finance and Banking on GDP in these countries.

On Europe you maybe right with ".....a common currency, no more wars.. what a fable. when gold was the common currency, what happened..." but I still think societies tend to evolve and progress. Slow, repeating mistakes more often than not but they move on ...otherwise we will be living in the cave man times.

However, the main issue here is about Currencies and I think you are overseeing the most important factors why Europe and the Euro are still alive: Europe as a block has the biggest banking sector in the world, the biggest trading block in the world (as a whole import and export), a free flow of capitals and money that allow them to be used across the world (not like in China ...that the only reason the Renminbi will never be universal with a communist country), 25% of the world GDP making the EU the richest and biggest GDP block in the world (2 trillions more than the US), the list can go forever in every single sector in the economy it will either 1 or 2.

My point is about size and importance. Such a massive wealth cannot just disappear in a couple of years. First because it take time (decades if not centuries given that size), second somebody has to take over that piece of the pie ....sure the Brics are coming, solid and fast.....don''t forget the moder China took 30 years of massive solid growth to be where it is right now ans still cannot pass Europe as whole or the US in economic or social terms ...so for Europe to disappear we will need 20 or more Chinas and a couple of dozen years....we may not see it in our live times....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #118,585
  • Oct 18, 2012 4:16pm Oct 18, 2012 4:16pm
Quoting sisse
We always have this discussion with you Gator. I strongly disagree with this "a strong currency or commodities,or strong baking or strong manufacturing.. or a combination of all".

If it were just for commodities the Chilean peso, the West African franc (or most of the currencies of the 200 under-develop countries in the world) should be the countries to watch .

If it were just for manufacturing ....forget manufacturing with very few exemption Doesn't represent more than 1/4 of the GDP in rich countries and that is been generous....

Unfortunately our space program is kaput.... IMHO there is no chance in progressing upwards in technology.... It takes tons of cash.... there needs to be a reset....in whatever form
  • #118,586
  • Oct 18, 2012 4:42pm Oct 18, 2012 4:42pm
Sisse do you think euro will be world reserve currency ?
"Millionaires don't use astrology, billionaires do"
  • #118,587
  • Oct 18, 2012 4:46pm Oct 18, 2012 4:46pm
Quoting gatorinla
a nice dream.. the euro, after thousands of years of war. they invented a way to unite them all. with a common currency, no more wars.. what a fable. when gold was the common currency, what happened.

the fable of it all is they fooled the world and you have very smart people unable to step back and look at reality.
Europe is old with a aging population and high social cost.

the 3 things needed for a strong currency are commodities, or strong baking or strong manufacturing.. or a combination of all..

they have little commodities...
G none of the above

the most important for any country

1 - whoring

2 - dubo dealing

3 - porno

4 - arms

  • #118,588
  • Oct 18, 2012 4:50pm Oct 18, 2012 4:50pm
Quoting OrionsWay
Sisse do you think euro will be world reserve currency ?
Not in the current form. Right now and for the foreseeable future (10 to 15 years) there is only one and only one world reserve currency which is the dollar.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #118,589
  • Oct 18, 2012 4:51pm Oct 18, 2012 4:51pm
Quoting OrionsWay
Sisse do you think euro will be world reserve currency ?

in u dreams , draghmas man is the one

once a man told me in the 70's the world kiss the US ass every day for the dollar its the king
  • #118,590
  • Oct 18, 2012 4:54pm Oct 18, 2012 4:54pm
agree both of you.
USA would have to be abolished for any other currency to become the world reserve.

BUT i think even if it takes any other form of group whatever it still must remain world reserve. this country cannot exist without debt period in current form or any other form
"Millionaires don't use astrology, billionaires do"
  • #118,591
  • Oct 18, 2012 4:56pm Oct 18, 2012 4:56pm
a never ending pile of shit on my facebook adverts
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  • #118,592
  • Oct 18, 2012 5:04pm Oct 18, 2012 5:04pm
Quoting kill56

once a man told me in the 70's the world kiss the US ass every day for the dollar its the king
that privilege doesn't come for free
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  • #118,593
  • Oct 18, 2012 5:10pm Oct 18, 2012 5:10pm
Quoting chazzle
that privilege doesn't come for free

but the reward is , controlling the world
  • #118,594
  • Oct 18, 2012 5:10pm Oct 18, 2012 5:10pm
Pretty staggering chart chaz, ? is WHO's VERY VERY VERY OLD monies own the companies who are the contractors of all that wealth providing revenues. ROTHCILDS ?
"Millionaires don't use astrology, billionaires do"
  • #118,595
  • Oct 18, 2012 5:15pm Oct 18, 2012 5:15pm
Quoting OrionsWay
Pretty staggering chart chaz, ? is WHO's VERY VERY VERY OLD monies own the companies who are the contractors of all that wealth providing revenues. ROTHCHILDS ?
  • #118,596
  • Oct 18, 2012 5:17pm Oct 18, 2012 5:17pm
Quoting kill56
but the reward is , controlling the world
now there's a trade
  • #118,597
  • Oct 18, 2012 5:24pm Oct 18, 2012 5:24pm
Quoting sisse
We always have this discussion with you Gator. I strongly disagree with this "a strong currency or commodities,or strong baking or strong manufacturing.. or a combination of all".

If it were just for commodities the Chilean peso, the West African franc (or most of the currencies of the 200 under-develop countries in the world) should be the countries to watch .

If it were just for manufacturing ....forget manufacturing with very few exemption Doesn't represent more than 1/4 of the GDP in rich countries and that is been generous....
ok maybe this will sweeten the pot. add a stable government and a big gun..
lets also not include virgin/emerging/corrupt countries w/o stable governments. disagree or not. its been true for since the Romans. And the main reason they are gone today is the currency. they spread it too thin (whatever currency they used to include commodities and man or slave power) along with the power.. just like the French, English, Russians, and some of the other former super powers of the past.
they always waste what they have to get more. in their pursuit to gain land (commodities) to build a bigger machine. they all have failed and they didn't become strong in currency in a short period of time like the ones you disagree about. give them a 100 + years.
those who can, do. those who cant, talk about those who can
  • #118,598
  • Oct 18, 2012 5:43pm Oct 18, 2012 5:43pm
in the past we had men wrapped in iron with swords. fighting guys with stones who had never seen iron. we have the internet now.. people can walk out the jungle and be educated in less then a decade. what took centuries before takes much less time now.
those who can, do. those who cant, talk about those who can
  • #118,599
  • Oct 18, 2012 5:53pm Oct 18, 2012 5:53pm
Quoting gatorinla
in the past we had men wrapped in iron with swords. fighting guys with stones who had never seen iron. we have the internet now.. people can walk out the jungle and be educated in less then a decade. what took centuries before takes much less time now.
Yup we are on an exponential path for sure... and don't know if its for the good or bad.. we are on the cusp of the hockey stick effect both financially and socially in terms of how we think, interact and even in our core beliefs.
  • #118,600
  • Oct 18, 2012 5:55pm Oct 18, 2012 5:55pm
Quoting gatorinla
ok maybe this will sweeten the pot. add a stable government and a big gun..
lets also not include virgin/emerging/corrupt countries w/o stable governments. disagree or not. its been true for since the Romans. And the main reason they are gone today is the currency. they spread it too thin (whatever currency they used to include commodities and man or slave power) along with the power.. just like the French, English, Russians, and some of the other former super powers of the past.
they always waste what they have to get more. in their pursuit...
I understand your point gator but not your Timeframe

Look if we count from the Romans till now europe with the up and down (adjust the name of the empire and or currency) has been there. Most of the time at the top. Roughly the last 2500 years (before is all Asia, the m. East and Egypt) and still we cannot get ride of europe in a leading position in economic affairs.

My point is that there is a clear line between they will disappear sometime in the disant future and other is realistically (2 generation time span +/-50 years) europe will be completely replaced of the top of the world economic stage.

Is +/-the same implications in timing with the US debt or printing money for exampke. Is a real prblem but nobody will stop lending the US in the foreseeable future Even if the deficit and debt goes x10 in the next year ....as there is nobody in the wrld to replace that market (haven, dollars, or whatever)....

Plus you always assume that Europe will not react and they will just sit and watch the world taking over (they are slow and old but not dumb ...that's for sure otherwise they wouldn't be where they are 2500 yr).... "Stupid" example using something a prev poster mentioned... what if whitin the next 100yrs they discover oil, uranium, whatever really in Mars or anywhere ....who has the technology and the space programs ...just the usual players....and no Brazil or even China nowhere near to catch up....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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