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  • #773,441
  • Mar 18, 2013 12:15pm Mar 18, 2013 12:15pm
I completely agree with you.. I can't believe how twisted things are here.. I guess the only thing we have going is a huge continent and a lot of resources under our feet, and that's about that..

Quoting 4exNinja
It works there for the same reason it works in Switzerland...it's a lot more of a direct democracy. People have more power and it's tougher for greedy companies to buy corrupt politicians because in the end the people always have the power to override things. Back home if I dislike a policy or new law, all I have to do is collect 100k signatures and the people get to vote on it.

They also have more than 2 parties, so people often vote based on the issues instead of mere party lines. I'm clearly more of a "lefty", but on some issues I'll vote...
  • #773,442
  • Mar 18, 2013 12:17pm Mar 18, 2013 12:17pm
"It is an unknown source for market news, but apparently the blogger who runs the show there has gotten his hands on some interesting news. He claimed he got his hands or rather ears on some insider information that PaxForex has plans to list on the Big Board."

paxforex, listed on the NYSE is quite a news this means that Paxforex is getting bigger and becoming more trustworthy. I really wanna try this broker, I just wanna know if its truly safe to invest. I hope someone knows anything about this.
  • #773,443
  • Mar 18, 2013 12:18pm Mar 18, 2013 12:18pm
Quoting SpacyTrader
Have you actually read the part about how FDR created the great depression ? There was no need for anybody to starve. The cretin made that happen with his minimum wage and price controls that made sure people wont have a job and couldnt afford to eat- just like the earlier example from now with samoa.

And I'm sorry, I'm sure youre a very nice guy but you drive me nuts to no end. People like you and your line of thinking are responsible for all the economic man made calamities and famines in world history starting from emperor Diocletian's inflation/wage/price...
I wouldn't use the Wild West as a great example...read up about how people lived back then

I'm not saying capitalism is only bad, but on the other hand, you are completely ignoring all negative side effects...some of which are horrible for a majority of the population unless you use regulations and controls. Essentially you're like the guys who supported communism, just in reverse.

Again: An economic theory is just that...a THEORY. You can't implement it to the letter without any modifications or regulations because PRACTICE is different from THEORY.
  • #773,444
  • Mar 18, 2013 12:22pm Mar 18, 2013 12:22pm
Well... yes.. Problem is this: one has to choose.. either Scandinavian/swiss socialism or leave it alone as you say.. the worst combination is when they go for both..

Quoting SpacyTrader
Have you actually read the part about how FDR created the great depression ? There was no need for anybody to starve. The cretin made that happen with his minimum wage and price controls that made sure people wont have a job and couldnt afford to eat- just like the earlier example from now with samoa.

And I'm sorry, I'm sure youre a very nice guy but you drive me nuts to no end. People like you and your line of thinking are responsible for all the economic man made calamities and famines in world history starting from emperor Diocletian's inflation/wage/price...
  • #773,445
  • Mar 18, 2013 12:23pm Mar 18, 2013 12:23pm
Quoting MaxDoom
Yes that is right I got your pm and will respond when I get five minutes. Probably tomorrow.
ok cool. ciao for now
  • #773,446
  • Mar 18, 2013 12:25pm Mar 18, 2013 12:25pm
Quoting 4exNinja
Bush Jr's "a house for everyone, free money for everyone" speech didn't really help either

You know a crisis is imminent if they offer negative ammortization loans and loans without any background checks.

The signs were there, most of them simply ignored them. I worked on hotel developments back then where a simple 5% drop in RevPAR (revenue per available room) would make it impossible for them to service their debt, yet we all signed off on those feasibility studies. I remember just having wrapped up my MSc in real estate and telling my...
whats the odds of a acting ambassador, later going to war so the place he was earlier stationed at, would keep open their oil supply? and that place being pushed to a higher economy that took other countries centuries to do. with his friends profiting from the war x2? whats the odds his dad did the same against his own country 40 years before. ? whats the odds of 2 baking crises? whats the odds of our secret spy plane having a mid air and landing in that same country.. whats the odds of Clarkson lying with documents to back up his story? whats the odds of the head of the cia having his son's records lost? whats the odds of Florida? whats the odds of 2 draft dodgers making 2 war heroes look like they weren't.
those who can, do. those who cant, talk about those who can
  • #773,447
  • Mar 18, 2013 12:39pm Mar 18, 2013 12:39pm
Quoting 4exNinja
I wouldn't use the Wild West as a great example...read up about how people lived back then

I'm not saying capitalism is only bad, but on the other hand, you are completely ignoring all negative side effects...some of which are horrible for a majority of the population unless you use regulations and controls. Essentially you're like the guys who supported communism, just in reverse.

Again: An economic theory is just that...a THEORY. You can't implement it to the letter without any modifications or regulations because PRACTICE is different from...
Yeah, that's why reason is overrated. Reality is most people they worship reason like previously they worshiped religion without actually doing any thinking and they look to people in authority for answers like they previously looked to priests. No difference whatsoever. Everything will be ok cause the dogma of your local leftie party says it will, "this time is different".

I assume you're among the people who believes in evolution and survival of the fittest like most leftists for some strange reason while they insist all the imbeciles get way more resources than they deserve and they're subsidized to breed like rabbits. I guess we'll have to look for history to prove who's right here. If I'm right the people supporting your ideas will be left in countries like Venezuela and Argentina (as has happened 100% of the time until now) to starve while all the capable people among them move elsewhere where they can get a bigger piece of the pie since they dont have to support anybody else. If you're right instead, well, I look forward to seeing how your beloved democratic system convinces people to stay in places where they have to pay more for everything from housing to food and pay half their income in taxes to support nice living conditions for all while saying no to relocating to zero tax jurisdictions with much lower living expenses. I strongly suspect it'll involve people with guns preventing people from leaving as was the case in ancient Rome, the middle ages and the communist block in cases where the leadership actually had a clue about what they were doing. Current democratic regimes might just be too damn stupid to even realize the brain drain that necessarily must take place in such a system.
  • #773,448
  • Mar 18, 2013 12:43pm Mar 18, 2013 12:43pm
Quoting attila
Well... yes.. Problem is this: one has to choose.. either Scandinavian/swiss socialism or leave it alone as you say.. the worst combination is when they go for both..
Heh- even the scandinavian thing is way too over hyped. The Ikea guy- his company is owned by a foundation- tax free and he lives in switzerland on the tax deal thingy- so he doesnt pay much there either. As I said: the rich don't pay taxes. The costs of the welfare state ultimately fall on the Scandinavian citizen in the form of higher prices.
  • #773,449
  • Mar 18, 2013 12:52pm Mar 18, 2013 12:52pm
done...TP @ 2959 +14pips = +7%
Attached Image (click to enlarge)
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back to sleep...see you tomorrow everyone
  • #773,450
  • Mar 18, 2013 12:54pm Mar 18, 2013 12:54pm
Quoting SpacyTrader
Heh- even the scandinavian thing is way too over hyped. The Ikea guy- his company is owned by a foundation- tax free and he lives in switzerland on the tax deal thingy- so he doesnt pay much there either. As I said: the rich don't pay taxes. The costs of the welfare state ultimately fall on the Scandinavian citizen in the form of higher prices.
The thing is, it CLEARLY works well in Scandinavia. High GDP/capita, high income/capita, good education system, great healthcare, decent salaries...and at least in Norway's case oil revenues directly benefit the people as well rather just flowing to BP
  • #773,451
  • Mar 18, 2013 12:55pm Mar 18, 2013 12:55pm
Quoting SpacyTrader
Have you actually read the part about how FDR created the great depression ? There was no need for anybody to starve. The cretin made that happen with his minimum wage and price controls that made sure people wont have a job and couldnt afford to eat- just like the earlier example from now with samoa.

And I'm sorry, I'm sure youre a very nice guy but you drive me nuts to no end. People like you and your line of thinking are responsible for all the economic man made calamities and famines in world history starting from emperor...
i think you should research more with an open mind.. first off, who the was the pres at the oct 1929 crash. and who was president while the Hoovervilles's were being built... and named by the actual people who were there and lived it. not the suits 80 years later trying to re-write history. the same suits who caused 2008 and try to re-write it also.. with famous quotes like "wall street got drunk" or " if we dont get the bailout. this suckers going down"
those who can, do. those who cant, talk about those who can
  • #773,452
  • Mar 18, 2013 12:58pm Mar 18, 2013 12:58pm
View on the market plus quick chart;

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  • #773,453
  • Mar 18, 2013 1:03pm Mar 18, 2013 1:03pm
Quoting gatorinla
i think you should research more with an open mind.. first off, who the was the pres at the oct 1929 crash. and who was president while the Hoovervilles's were being built... and named by the actual people who were there and lived it. not the suits 80 years later trying to re-write history. the same suits who caused 2008 and try to re-write it also.. with famous quotes like "wall street got drunk" or " if we dont get the bailout. this suckers going down"
Yeah I know. The banking sector created the crash. It was unavoidable really. Especially with the Fed which they pushed through congress to fully control the nations money supply. And Hoover had the exact same policies as FDR- that's what exacerbated the problem of the banking-induced crisis which would have corrected itself eventually. You may argue that Hoover and FDR orchestrated the genocide supported by the banks in order to change the thinking of the american public and make it more favorable to government and so be able to obtain even more control over the people through taxes and debt. I think it's very possible or even likely. My argument was about the methods that harmed the economy not about who was really behind it and how they expected to benefit from it.
  • #773,454
  • Mar 18, 2013 1:06pm Mar 18, 2013 1:06pm
Quoting 4exNinja
The thing is, it CLEARLY works well in Scandinavia. High GDP/capita, high income/capita, good education system, great healthcare, decent salaries...and at least in Norway's case oil revenues directly benefit the people as well rather just flowing to BP
Yeah. Also aided by some of the most free business environments in the world and the lightest regulations and only with high taxes which big companies and the wealthy can easily avoid. Those two are the only reasons why they're still afloat. Also the welfare system in sweden is tied to economic growth- no growth no increase in social spending unlike in the US where they spend like drunken sailors no matter their revenue or economic condition. Thats why the scandinavian socialists will probably outlive the "capitalist" system in the US.
  • #773,455
  • Mar 18, 2013 1:09pm Mar 18, 2013 1:09pm
Quoting SpacyTrader
Yeah I know. The banking sector created the crash. It was unavoidable really. Especially with the Fed which they pushed through congress to fully control the nations money supply. And Hoover had the exact same policies as FDR- that's what exacerbated the problem of the banking-induced crisis which would have corrected itself eventually. You may argue that Hoover and FDR orchestrated the genocide supported by the banks in order to change the thinking of the american public and make it more favorable to government and so be able...
no he didn't your totally wrong.. and if you base the rest on it, its wrong.. your blowing smoke up my ass..
there was no regulation then and money was easy long before FDR helped put some regulations in place.
those who can, do. those who cant, talk about those who can
  • #773,456
  • Mar 18, 2013 1:10pm Mar 18, 2013 1:10pm
Added more EUR/USD long on this pullback to S2. The climb was stalled by the horizontal upper BB (1-hr chart), now waiting for it to bend upwards
"Luxury is one of the basic needs", (c), Don Corleone
  • #773,457
  • Mar 18, 2013 1:13pm Mar 18, 2013 1:13pm
Quoting gatorinla
no he didn't your totally wrong.. and if you base the rest on it, its wrong.. your blowing smoke up my ass..
there was no regulation then and money was easy long before FDR helped put some regulations in place.
gator
  • #773,458
  • Mar 18, 2013 1:14pm Mar 18, 2013 1:14pm
Ok, ej to 124,50 in a short time, like before the gap... And eu will follow.
  • #773,459
  • Mar 18, 2013 1:15pm Mar 18, 2013 1:15pm
Quoting SpacyTrader
Yeah. Also aided by some of the most free business environments in the world and the lightest regulations and only with high taxes which big companies and the wealthy can easily avoid. Those two are the only reasons why they're still afloat. Also the welfare system in sweden is tied to economic growth- no growth no increase in social spending unlike in the US where they spend like drunken sailors no matter their revenue or economic condition. Thats why the scandinavian socialists will probably outlive the "capitalist" system in the US.
If you believe Scandinavia has one of the "freest business environments in the world" you clearly haven't done any business there

Just fyi, Norway for example ranks at no40 in terms of economic freedom, 30 spots behind the US! So please, at least bother doing a bit of research before posting nonsense. Oh, and just fyi, in terms of taxes you are wrong as well.

Your whole left vs right nonsense is laughable to be honest...talk about the actual issues and facts rather than empty party slogans and left vs right paradigms.
  • #773,460
  • Mar 18, 2013 1:15pm Mar 18, 2013 1:15pm
Quoting zapiron
Ok, ej to 124,50 in a short time, like before the gap... And eu will follow.
It's not too late to get on EUR/GBP as well, a little less is left to cover on EUR/CAD
"Luxury is one of the basic needs", (c), Don Corleone
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