global reserve currency

bob saunders

Platinum
Jan 1, 2002
32,580
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dr1.com
Bob, I never said they were stupid but then again maybe we are;)

The banking, medical, media, and movie industries are dominated by its Jewish members, a testament to Jewish culture of hard work, commitment and achievement. Some of them are takers, and some of them are givers. Lebanese also have an incredible amount of wealth that is not in proportion to their numbers.
 

cobraboy

Pro-Bono Demolition Hobbyist
Jul 24, 2004
40,964
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I think some folks should go read Onions & Carrots posts in the big 2008 recession thread. He has been predicting this for a long time and I have to agree to a lesser extent.

What we are seeing now is not some isolated incident caused by the other guys' eeeeevil politicians, it's what happens when gubmints spend waaaaaaaaay beyond it's means vis-a-vis GDP.
 
Jun 18, 2007
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www.rentalmetrocountry.com
The banking, medical, media, and movie industries are dominated by its Jewish members, a testament to Jewish culture of hard work, commitment and achievement. Some of them are takers, and some of them are givers. Lebanese also have an incredible amount of wealth that is not in proportion to their numbers.
Do agree with the above but it's the takers that are causing the problems or am I mistaken?
 

Mr.smith

New member
Mar 8, 2011
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Its the wars. I'm currently in Afghanistan now and I can tell you for a fact that billions is being wasted in this stupid country. We spent hundreds of billions of dollars for what???? These dummies are still living like The Flinstones after we gave them billions for schools, infrastructure, and nation building. Karzai made off like a bandit. And will someone please tell me how we're going to get our money back for this war? Don't say the minerals underneath the ground. Who's going to mine over here while the Taliban try to kill them? They even kill people for putting up cell phone towers or they'll blow up the tower.
And I was in Iraq for 2 years also. Another waste of hundreds of billions of dollars.Yea they have oil, but again who the hell wants to drill for oil while someone is trying to kill you constantly?
Depending on who you ask, we spent between 2 trillion- 5 trillion on these wars over the last decade. Seal Team 6 got Osama. We didn't need to spend all this money on a war to get 1 group of criminals. Small Spec OPS units and CIA are all we need to take out our enemy. The hell with nation building for people that will never like westerners.
 

Celt202

Gold
May 22, 2004
9,099
944
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They're not wars. It's a jobs program. It's also a program to field test the latest generation of weapons.

Cui bono?

Not you.

Not me.
 

Tarheel

Well-known member
Dec 19, 2005
624
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63
I was wrong about the DOW and minimum losses. I guess the small investors had time to stew over the weekend and put their sell orders in this morning.

The irony is they sold their equities and guess what they bought? They went into US Treasuries! US Treasuries sold Friday yielded 2.67% on Friday. Today the yield was 2.35%. So the US was downgraded Friday and today they are paying less interest on their debt. This is crazy!
 

cobraboy

Pro-Bono Demolition Hobbyist
Jul 24, 2004
40,964
936
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I was wrong about the DOW and minimum losses. I guess the small investors had time to stew over the weekend and put their sell orders in this morning.

The irony is they sold their equities and guess what they bought? They went into US Treasuries! US Treasuries sold Friday yielded 2.67% on Friday. Today the yield was 2.35%. So the US was downgraded Friday and today they are paying less interest on their debt. This is crazy!
Small investors are barely a blip in the stock market. What you saw were institutional investors heading for the hills.

But what do I know? :cheeky:
 

william webster

Platinum
Jan 16, 2009
30,247
4,330
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There's gold in them th'ar hills....

Big money is gone..... to where ?

I went 60% cash 2 weeks ago...... asset protection.

Old biz school motto about ROI....

Return ON Investment...... or.....Return OF Investment

Just give me my money, honey........
 

amparocorp

Bronze
Aug 11, 2002
900
86
0
from what i gather from CNN money channel, wall street urinal, forbes, etc. most large U.S. corporations are sitting on trillions of dollars in cash. they didn't want to spend it after the mess in 2008 so they just banked it. no spending on machinery or people, nope they just stuffed it all in the bank. now they can pay the price of their foolishness. most US corporate profits are up 50 to 60% while they have 40% less people working. none of the CEO's are crying, their pay didn't go down. the stock market is down. that only means that the value of these companies is down, i could cry, nah! too damn bad. i could have bought the Boston Red Sox in 1977 or 78 for a mere 5 million dollars. in short, you can't buy stocks, too risky, can't buy real estate, could be a double dip recession, stupid to buy into the gold bubble, (more gold is traded in a single day, certificates, than there is actual gold on this planet). a guy that just won 65 million in the lotto was asked, "what will you spend the money on"? he replied, "booze, hookers, gambling, and then i'm just going to blow the rest".
 

Jared Wilson

New member
Apr 12, 2011
36
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stupid to buy into the gold bubble, (more gold is traded in a single day, certificates, than there is actual gold on this planet)
That is why you buy physical gold, so when everyone else wakes up and demands shipment of their gold, the value goes up because there isn't enough real gold to cover. (I buy silver because i'm poor) Both prices are manipulated down.

a guy that just won 65 million in the lotto was asked, "what will you spend the money on"? he replied, "booze, hookers, gambling, and then i'm just going to blow the rest". :) great answer
 
Jan 9, 2004
10,912
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I was wrong about the DOW and minimum losses. I guess the small investors had time to stew over the weekend and put their sell orders in this morning.

The irony is they sold their equities and guess what they bought? They went into US Treasuries! US Treasuries sold Friday yielded 2.67% on Friday. Today the yield was 2.35%. So the US was downgraded Friday and today they are paying less interest on their debt. This is crazy!

Today was a flight to quality with heavy institutional buying from overseas. They were more concerned about Italy and Spain than they were with the U.S. downgrade. Crazy as it might seem, todays demand in a flight to quality caused U.S. bond yields to fall. But the real heavy buying was in gold.

Probably a dead cat bounce sometime this week. Not a time to buy. Don't be fooled, if you need to sell, that will be the time. Market should remain volatile, with a downside bias until late fall. At that point, I would look for new opportunities.


Respectfully,
Playacaribe2
 

Jared Wilson

New member
Apr 12, 2011
36
0
0
Its the wars. I'm currently in Afghanistan now and I can tell you for a fact that billions is being wasted in this stupid country. We spent hundreds of billions of dollars for what???? These dummies are still living like The Flinstones after we gave them billions for schools, infrastructure, and nation building. Karzai made off like a bandit. And will someone please tell me how we're going to get our money back for this war? Don't say the minerals underneath the ground. Who's going to mine over here while the Taliban try to kill them? They even kill people for putting up cell phone towers or they'll blow up the tower.
And I was in Iraq for 2 years also. Another waste of hundreds of billions of dollars.Yea they have oil, but again who the hell wants to drill for oil while someone is trying to kill you constantly?
Depending on who you ask, we spent between 2 trillion- 5 trillion on these wars over the last decade. Seal Team 6 got Osama. We didn't need to spend all this money on a war to get 1 group of criminals. Small Spec OPS units and CIA are all we need to take out our enemy. The hell with nation building for people that will never like westerners.

Thank you for your service Mr. Smith. I couldn't agree more. Bring our Brave Men and Women Home.
 

Jared Wilson

New member
Apr 12, 2011
36
0
0
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Chip

Platinum
Jul 25, 2007
16,772
429
0
Santiago
The idea of a global currency is nice but there is the question of what could replace the dollar. I personally think any country or group of country's currency that has a good deal of socialist practices wouldn't be a good candidate nor any country that has third world level corruption scandals.