Note: Other countries that were not included in this article are: Portugal, Italy, Greece, Spain and Ecuador
Dubai's economic meltdown was a warning sign of further sovereign default troubles for other governments.
CMA, a credit information specialist, tracks the world’s most volatile sovereign debt issuers according to percentage changes in their 5 year Credit Default Swaps.
On top of their list for the greatest sovereign risks are countries from the former Russian Eastern Bloc, conflict-torn nations, and an oil-rich dictatorship.
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100 MILLION DOLLAR Manhattan Subway Deal Goes to China State Firm
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HAHA Venezuela is number one. You know why? Because they only have oil. You know who else is getting screwed when oil goes lower...Saudi Arabia and Dubai (also on the list).
ReplyDeleteGold is going to go down just like this.
Short gold through ETN like DZZ and short companies like NG.
Dollar is going to continue strengthening and all this commodity crap and equity BS is going down the toilet.
1:16 in your fantasy dreams is GOLD going to go down. Temporary perhaps, but the Dollar is finished, kaput, done. The countries that hold all the GOLD in place of the DOLLAR like CHINA and INDIA ( The most POPULATED PEOPLE ON EARTH) will win. DUMB POST.
ReplyDeleteUp and down with gold, got to skake the the dust off it. When the dust settles who knows?
ReplyDeleteyou will never see 900 gold again, kiss that bye bye, I bought at 600, I'm feeling great about it, gold will hit 2500 before you ever see 900 again.
ReplyDeletePersonally if gold goes to $500 or $5000 doesn't really matter that much to me.
ReplyDeleteI just know it is much better than fiat dollars which will eventually go to ZERO. How can I be so sure of that? Because of the trillions of dollars (yes, trillions) that the Fed is printing out of thin air? No.
Because the Fed is a criminal bankster mob organization? No, even though they are ...
The #1 reason is .... drum roll please ... every Fiat currency FALLS to ZERO. Historically, every one. No exceptions, ever. Some do it fast, some do it slow, but the end result is always the same.
Let us remember that the dollar is already the USA's third paper currency and the dollar is backed by nothing at all.
Wake up folks.
I am sure the first post was not made by a moron, just our lonely buddy out for attention again.
Our current dollars are worth .04 cents of what they were in 1913 when the Fed took over the country. With that sort of collapse over time how could any sane person think the dollar is a quality investment?
ReplyDeleteSee it's not that anyone thinks the dollar is a quality investment, it's just that market forces are such that cash will be driven into the dollar
ReplyDeleteseeking a place of final refuge from the economic catastrophe that is the entire world.
However, when you see the dollar rising in strength again, know that it is because money is being forcefully flushed out of equities and corporate bonds seeking a safehaven in treasuries. It shall be the last play before the default. This way, ALL the money will be robbed of the sheeple, as per the plan.
A child asked me once what money is. Money is paper notes we get from our goverments I said so is gold, silver, real estate, cattle, a rembrand painting,a fine bottle of boze ect, ect.
ReplyDeleteThey ALL change in value at on point or another in time.
Just think how much ice water be worth in hell?
Flawed argument. Paper notes have no intrinsic value. Gold, silver, RE, cattle, and a Rembrandt do.
ReplyDeletePlus hell is just mythology, so ice water would have no value there.
Oh you don't believe in hell huh? Sure hope you believe in heaven then!
DeleteIt seems the powers that be will push gold back down to 1000 with possible coat tail dips into the 900's. Sure enough, this will be your last time to get in at decent prices and don't forget to get a small amount in physical coins or bullion. Get a ton of silver also...
ReplyDeleteUS money are in essence shares in USA INC., backed by US assets,such as land, mineral rights, the right to tax and confiscate anything (gold) for the public good.
ReplyDeleteThese $-shares are like any other shares, manipulated, diluted or appreciated.
To under estimate the ability of USA Inc.to perform may prove to be a financial mistake.
Gold will have a value as a commodity only
ReplyDeleteIts value as a base for currency will soon end
China and India are buying,what will be used to bankrupt there economy
Think about who they bought there gold from.
The IMF are working on an international credit system, not a gold based system
"Our dollars from 1913 are worth only 4 cents now."
ReplyDeleteYeah,I guess if I buried a coffee can full of dollar bills in 1913, they'd be "worth" a lot less today.
But a coffee can of dollar bills today could buy a low-end laptop, something only a science fiction writer couyld imagine in 1913.
In most things, the real standard of value, a n hour's work equals this amount of goods, we are far better off than we were in 1913.
Ordinary people have cars today. Only the really rich had cars in 1913. Most people worked on a farm in 1913, and had little surplus.
Even in today's high unemployment, most people have a surplus, of things if not of cash.
It's hard to compare 1913's apples with today's mangoes.
The real currency in this modern economy you allude to is oil. The amount of work in one gallon of gasoline can equal many hours and/or many humans in terms of labor. That is the key component that allows you your lap-top and your modern convenient stroll to the mall for a smoothie and a corn-dog while shopping for a new plasma screen and washer and dryer. When THAT gets readjusted for reality things will really get shaken up.
ReplyDeleteHi: I just dropped by to try to figure out - didn't you used to broadcast your blog posts through MyBlogLog or something? I just realised very recently that I haven't read your stuff in a while, and was surprised to see that you have been very prolific. I guess I used to get your posts through some reader or something. Anyway, I'm really interested to see the continuation of your content in light of all the stuff going down right now.
ReplyDelete