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Arraya.
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October 13, 2009 at 9:36 PM #469290October 13, 2009 at 10:48 PM #468487
Aecetia
ParticipantI wonder what Congress invests in? Is it precious metals and what it their exit strategy? I would imagine a large traffic jam trying to get out of DC, kind of like Independence Day when the aliens start blowing up the Capitol. Good luck with that.
October 13, 2009 at 10:48 PM #468670ParticipantI wonder what Congress invests in? Is it precious metals and what it their exit strategy? I would imagine a large traffic jam trying to get out of DC, kind of like Independence Day when the aliens start blowing up the Capitol. Good luck with that.
October 13, 2009 at 10:48 PM #469031ParticipantI wonder what Congress invests in? Is it precious metals and what it their exit strategy? I would imagine a large traffic jam trying to get out of DC, kind of like Independence Day when the aliens start blowing up the Capitol. Good luck with that.
October 13, 2009 at 10:48 PM #469102ParticipantI wonder what Congress invests in? Is it precious metals and what it their exit strategy? I would imagine a large traffic jam trying to get out of DC, kind of like Independence Day when the aliens start blowing up the Capitol. Good luck with that.
October 13, 2009 at 10:48 PM #469315ParticipantI wonder what Congress invests in? Is it precious metals and what it their exit strategy? I would imagine a large traffic jam trying to get out of DC, kind of like Independence Day when the aliens start blowing up the Capitol. Good luck with that.
October 14, 2009 at 12:01 PM #468807partypup
Participant[quote=Arraya]They must be shitting their pants at this point. There won’t be any kicking the can down the road this time.[/quote]
Are you looking at the USD index? 75.55! There’s no real support below this thing now until we hit 73. And by that time gold will be well over $1100. It’s almost like they have completely given up trying to kick the can.
I do believe there is a large amount of excrement shooting from the bowels of our elected leaders now.
Jim Sinclair had an interesting comment on his site today:
“This evening in Asian trade, the Japanese Minister of Finance once again restated the new view out of Japan that the level of the Yen is no longer an obsession with the monetary authorities of that nation. His comments were interpreted by the Forex markets that intervention to stem the advance of the Yen is most unlikely. With that, market participants wasted little time bidding the Yen into a strong advance.
Those statements of his, combined with that of Federal Reserve Vice Chairman, Donald Kohn, that the US economy would not experience a quick or sharp recovery out of its recession, were both read by traders that US interest rates were not going anywhere anytime soon. Carry traders then beat the Dollar down below critical support near the 76 level on the USDX as they rushed into higher yielding currencies such as the Aussie and Loonie. The Euro also shot up to another new yearly high.”
If the Fed does not intend to raise interest rates – and let’s face it, they can’t – then we really are witnessing the end of the buck – first as a reserve currency (which has technically already happened over the last 2 months as banks have radically shifted their allocation of reserves), then as a currency, period. I suspect the first milestone will officially be crossed at the end of the month. By the end of next year, I think we will be hearing Congress and Obama bleat about developing a new currency/alternative to the dollar.
October 14, 2009 at 12:01 PM #468990Participant[quote=Arraya]They must be shitting their pants at this point. There won’t be any kicking the can down the road this time.[/quote]
Are you looking at the USD index? 75.55! There’s no real support below this thing now until we hit 73. And by that time gold will be well over $1100. It’s almost like they have completely given up trying to kick the can.
I do believe there is a large amount of excrement shooting from the bowels of our elected leaders now.
Jim Sinclair had an interesting comment on his site today:
“This evening in Asian trade, the Japanese Minister of Finance once again restated the new view out of Japan that the level of the Yen is no longer an obsession with the monetary authorities of that nation. His comments were interpreted by the Forex markets that intervention to stem the advance of the Yen is most unlikely. With that, market participants wasted little time bidding the Yen into a strong advance.
Those statements of his, combined with that of Federal Reserve Vice Chairman, Donald Kohn, that the US economy would not experience a quick or sharp recovery out of its recession, were both read by traders that US interest rates were not going anywhere anytime soon. Carry traders then beat the Dollar down below critical support near the 76 level on the USDX as they rushed into higher yielding currencies such as the Aussie and Loonie. The Euro also shot up to another new yearly high.”
If the Fed does not intend to raise interest rates – and let’s face it, they can’t – then we really are witnessing the end of the buck – first as a reserve currency (which has technically already happened over the last 2 months as banks have radically shifted their allocation of reserves), then as a currency, period. I suspect the first milestone will officially be crossed at the end of the month. By the end of next year, I think we will be hearing Congress and Obama bleat about developing a new currency/alternative to the dollar.
October 14, 2009 at 12:01 PM #469348Participant[quote=Arraya]They must be shitting their pants at this point. There won’t be any kicking the can down the road this time.[/quote]
Are you looking at the USD index? 75.55! There’s no real support below this thing now until we hit 73. And by that time gold will be well over $1100. It’s almost like they have completely given up trying to kick the can.
I do believe there is a large amount of excrement shooting from the bowels of our elected leaders now.
Jim Sinclair had an interesting comment on his site today:
“This evening in Asian trade, the Japanese Minister of Finance once again restated the new view out of Japan that the level of the Yen is no longer an obsession with the monetary authorities of that nation. His comments were interpreted by the Forex markets that intervention to stem the advance of the Yen is most unlikely. With that, market participants wasted little time bidding the Yen into a strong advance.
Those statements of his, combined with that of Federal Reserve Vice Chairman, Donald Kohn, that the US economy would not experience a quick or sharp recovery out of its recession, were both read by traders that US interest rates were not going anywhere anytime soon. Carry traders then beat the Dollar down below critical support near the 76 level on the USDX as they rushed into higher yielding currencies such as the Aussie and Loonie. The Euro also shot up to another new yearly high.”
If the Fed does not intend to raise interest rates – and let’s face it, they can’t – then we really are witnessing the end of the buck – first as a reserve currency (which has technically already happened over the last 2 months as banks have radically shifted their allocation of reserves), then as a currency, period. I suspect the first milestone will officially be crossed at the end of the month. By the end of next year, I think we will be hearing Congress and Obama bleat about developing a new currency/alternative to the dollar.
October 14, 2009 at 12:01 PM #469421Participant[quote=Arraya]They must be shitting their pants at this point. There won’t be any kicking the can down the road this time.[/quote]
Are you looking at the USD index? 75.55! There’s no real support below this thing now until we hit 73. And by that time gold will be well over $1100. It’s almost like they have completely given up trying to kick the can.
I do believe there is a large amount of excrement shooting from the bowels of our elected leaders now.
Jim Sinclair had an interesting comment on his site today:
“This evening in Asian trade, the Japanese Minister of Finance once again restated the new view out of Japan that the level of the Yen is no longer an obsession with the monetary authorities of that nation. His comments were interpreted by the Forex markets that intervention to stem the advance of the Yen is most unlikely. With that, market participants wasted little time bidding the Yen into a strong advance.
Those statements of his, combined with that of Federal Reserve Vice Chairman, Donald Kohn, that the US economy would not experience a quick or sharp recovery out of its recession, were both read by traders that US interest rates were not going anywhere anytime soon. Carry traders then beat the Dollar down below critical support near the 76 level on the USDX as they rushed into higher yielding currencies such as the Aussie and Loonie. The Euro also shot up to another new yearly high.”
If the Fed does not intend to raise interest rates – and let’s face it, they can’t – then we really are witnessing the end of the buck – first as a reserve currency (which has technically already happened over the last 2 months as banks have radically shifted their allocation of reserves), then as a currency, period. I suspect the first milestone will officially be crossed at the end of the month. By the end of next year, I think we will be hearing Congress and Obama bleat about developing a new currency/alternative to the dollar.
October 14, 2009 at 12:01 PM #469633Participant[quote=Arraya]They must be shitting their pants at this point. There won’t be any kicking the can down the road this time.[/quote]
Are you looking at the USD index? 75.55! There’s no real support below this thing now until we hit 73. And by that time gold will be well over $1100. It’s almost like they have completely given up trying to kick the can.
I do believe there is a large amount of excrement shooting from the bowels of our elected leaders now.
Jim Sinclair had an interesting comment on his site today:
“This evening in Asian trade, the Japanese Minister of Finance once again restated the new view out of Japan that the level of the Yen is no longer an obsession with the monetary authorities of that nation. His comments were interpreted by the Forex markets that intervention to stem the advance of the Yen is most unlikely. With that, market participants wasted little time bidding the Yen into a strong advance.
Those statements of his, combined with that of Federal Reserve Vice Chairman, Donald Kohn, that the US economy would not experience a quick or sharp recovery out of its recession, were both read by traders that US interest rates were not going anywhere anytime soon. Carry traders then beat the Dollar down below critical support near the 76 level on the USDX as they rushed into higher yielding currencies such as the Aussie and Loonie. The Euro also shot up to another new yearly high.”
If the Fed does not intend to raise interest rates – and let’s face it, they can’t – then we really are witnessing the end of the buck – first as a reserve currency (which has technically already happened over the last 2 months as banks have radically shifted their allocation of reserves), then as a currency, period. I suspect the first milestone will officially be crossed at the end of the month. By the end of next year, I think we will be hearing Congress and Obama bleat about developing a new currency/alternative to the dollar.
October 14, 2009 at 12:04 PM #468812Participant[quote=Aecetia]I wonder what Congress invests in? Is it precious metals and what it their exit strategy? I would imagine a large traffic jam trying to get out of DC, kind of like Independence Day when the aliens start blowing up the Capitol. Good luck with that.[/quote]
A: I think they were planning to use shiny new jets (and put it on our tab) to make their escape in. But that didn’t quite work out as planned…hehehe.
“House Democratic leaders said Monday that they will not force the Pentagon to buy four new passenger jets used to ferry senior government officials.
Democrats have been criticized for adding $330 million to the Air Force’s 2010 budget to buy the jets even though the Pentagon didn’t request the money.”
Read more at: http://www.huffingtonpost.com/2009/08/10/new-congressional-jets-ma_n_256110.html
October 14, 2009 at 12:04 PM #468995Participant[quote=Aecetia]I wonder what Congress invests in? Is it precious metals and what it their exit strategy? I would imagine a large traffic jam trying to get out of DC, kind of like Independence Day when the aliens start blowing up the Capitol. Good luck with that.[/quote]
A: I think they were planning to use shiny new jets (and put it on our tab) to make their escape in. But that didn’t quite work out as planned…hehehe.
“House Democratic leaders said Monday that they will not force the Pentagon to buy four new passenger jets used to ferry senior government officials.
Democrats have been criticized for adding $330 million to the Air Force’s 2010 budget to buy the jets even though the Pentagon didn’t request the money.”
Read more at: http://www.huffingtonpost.com/2009/08/10/new-congressional-jets-ma_n_256110.html
October 14, 2009 at 12:04 PM #469353Participant[quote=Aecetia]I wonder what Congress invests in? Is it precious metals and what it their exit strategy? I would imagine a large traffic jam trying to get out of DC, kind of like Independence Day when the aliens start blowing up the Capitol. Good luck with that.[/quote]
A: I think they were planning to use shiny new jets (and put it on our tab) to make their escape in. But that didn’t quite work out as planned…hehehe.
“House Democratic leaders said Monday that they will not force the Pentagon to buy four new passenger jets used to ferry senior government officials.
Democrats have been criticized for adding $330 million to the Air Force’s 2010 budget to buy the jets even though the Pentagon didn’t request the money.”
Read more at: http://www.huffingtonpost.com/2009/08/10/new-congressional-jets-ma_n_256110.html
October 14, 2009 at 12:04 PM #469425Participant[quote=Aecetia]I wonder what Congress invests in? Is it precious metals and what it their exit strategy? I would imagine a large traffic jam trying to get out of DC, kind of like Independence Day when the aliens start blowing up the Capitol. Good luck with that.[/quote]
A: I think they were planning to use shiny new jets (and put it on our tab) to make their escape in. But that didn’t quite work out as planned…hehehe.
“House Democratic leaders said Monday that they will not force the Pentagon to buy four new passenger jets used to ferry senior government officials.
Democrats have been criticized for adding $330 million to the Air Force’s 2010 budget to buy the jets even though the Pentagon didn’t request the money.”
Read more at: http://www.huffingtonpost.com/2009/08/10/new-congressional-jets-ma_n_256110.html
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