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bubbles
Jan 24, 2012 16:23:29 GMT -5
Post by runstill on Jan 24, 2012 16:23:29 GMT -5
“At times like these, survival is the most important thing,” he says, peering through his owlish glasses and brushing wisps of gray hair off his forehead. He doesn’t just mean it’s time to protect your assets. He means it’s time to stave off disaster. As he sees it, the world faces one of the most dangerous periods of modern history—a period of “evil.” Europe is confronting a descent into chaos and conflict. In America he predicts riots on the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties. The global economic system could even collapse altogether. “I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros tells Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.” ~~~ recent George Soros interview interesting times indeed ... get your popcorn I read that article to, he also said stay out of gold and keep every thing in cash. To me I just don't get buying gold it seems useless to me you can't eat it you can't put it the gas tank, you can't Even wipe your butt with it. hehe. I here, but golds been used for thousands of years blabla give me food a safe place to sleep and an internet connection you can keep the rest lol.
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bubbles
Jan 25, 2012 17:24:12 GMT -5
Post by sharon on Jan 25, 2012 17:24:12 GMT -5
Invariably, a thread title makes a song pop up in my head. This one brings on... Tiny bubbles.... in my wine.... Make me happy....make me feel fine... *hic*
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bubbles
Mar 30, 2012 16:26:05 GMT -5
Post by question on Mar 30, 2012 16:26:05 GMT -5
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Deleted
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bubbles
Mar 30, 2012 18:31:36 GMT -5
Post by Deleted on Mar 30, 2012 18:31:36 GMT -5
are you gonna go 'heavy' or take the oppty to scoop some calls?
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bubbles
Mar 30, 2012 23:25:19 GMT -5
Post by therealfake on Mar 30, 2012 23:25:19 GMT -5
“At times like these, survival is the most important thing,” he says, peering through his owlish glasses and brushing wisps of gray hair off his forehead. He doesn’t just mean it’s time to protect your assets. He means it’s time to stave off disaster. As he sees it, the world faces one of the most dangerous periods of modern history—a period of “evil.” Europe is confronting a descent into chaos and conflict. In America he predicts riots on the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties. The global economic system could even collapse altogether. “I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros tells Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.” ~~~ recent George Soros interview interesting times indeed ... get your popcorn I read that article to, he also said stay out of gold and keep every thing in cash. To me I just don't get buying gold it seems useless to me you can't eat it you can't put it the gas tank, you can't Even wipe your butt with it. hehe. I here, but golds been used for thousands of years blabla give me food a safe place to sleep and an internet connection you can keep the rest lol. If there was financial meltdown and societal anarchy of galactic proportions, what would you rather have in your pocket to negotiate with? A: Worthless paper money B: Pieces of Gold C: Autographs of famous sports stars D: A 12 gauge shot gun
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bubbles
Mar 31, 2012 3:44:07 GMT -5
Post by question on Mar 31, 2012 3:44:07 GMT -5
are you gonna go 'heavy' or take the oppty to scoop some calls? Could you write that in English please?
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bubbles
Mar 31, 2012 6:48:25 GMT -5
Post by Beingist on Mar 31, 2012 6:48:25 GMT -5
“At times like these, survival is the most important thing,” he says, peering through his owlish glasses and brushing wisps of gray hair off his forehead. He doesn’t just mean it’s time to protect your assets. He means it’s time to stave off disaster. As he sees it, the world faces one of the most dangerous periods of modern history—a period of “evil.” Europe is confronting a descent into chaos and conflict. In America he predicts riots on the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties. The global economic system could even collapse altogether. “I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros tells Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.” ~~~ recent George Soros interview interesting times indeed ... get your popcorn I read that article to, he also said stay out of gold and keep every thing in cash. To me I just don't get buying gold it seems useless to me you can't eat it you can't put it the gas tank, you can't Even wipe your butt with it. hehe. I here, but golds been used for thousands of years blabla give me food a safe place to sleep and an internet connection you can keep the rest lol. If there was financial meltdown and societal anarchy of galactic proportions, what would you rather have in your pocket to negotiate with? A: Worthless paper money B: Pieces of Gold C: Autographs of famous sports stars D: A 12 gauge shot gun Where's 'None of the above'? Otherwise, not that there's anything wrong with gold, but silver is more negotiable (not to mention an industrial commodity, like food). Keeping everything in cash is just ... well, silly, if it's only likely to collapse. Metals retain their value. Hence, anyone suggesting to stockpile cash has a bridge to sell, somewhere.
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bubbles
Mar 31, 2012 8:29:47 GMT -5
Post by zendancer on Mar 31, 2012 8:29:47 GMT -5
Yes, we live in interesting times. It is much like "playing ball on running water." For me, it's like a fascinating game. This is why I'm writing notes for a new book titled, "Financial Enlightenment, Awakening to the Way of Money." It could also be subtitled, "Personal Finance for Dummies." Ha ha. Unlike Soros, I am a big optimist, but I do see the value in hedging one's bets a bit.
From my POV going to cash is crazy. Bernanke has made it clear that people who stay in cash will be financially punished. This may not be fair to certain segments of society, but fighting the FED is a fool's game. Although the market is not a level playing field, a small investor who understands the nature of the field, can still be successful.
It may not be apparent to peeps who aren't interested in finance and economics, but things are gradually improving. The big question is whether the overall systemic risk can be reduced through changes in the law, new forms of regulation, and enforcement of those new regulatory reforms. Stay tuned.
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bubbles
Mar 31, 2012 10:09:15 GMT -5
Post by question on Mar 31, 2012 10:09:15 GMT -5
Yes, we live in interesting times. It is much like "playing ball on running water." For me, it's like a fascinating game. This is why I'm writing notes for a new book titled, "Financial Enlightenment, Awakening to the Way of Money." It could also be subtitled, "Personal Finance for Dummies." Ha ha. Unlike Soros, I am a big optimist, but I do see the value in hedging one's bets a bit. From my POV going to cash is crazy. Bernanke has made it clear that people who stay in cash will be financially punished. This may not be fair to certain segments of society, but fighting the FED is a fool's game. Although the market is not a level playing field, a small investor who understands the nature of the field, can still be successful. It may not be apparent to peeps who aren't interested in finance and economics, but things are gradually improving. The big question is whether the overall systemic risk can be reduced through changes in the law, new forms of regulation, and enforcement of those new regulatory reforms. Stay tuned. I also don't have much faith in the USD, although I think that it won't break down anytime soon, everyone is involved in it too heavily... How do you see the Euro?
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bubbles
Mar 31, 2012 12:28:13 GMT -5
Post by runstill on Mar 31, 2012 12:28:13 GMT -5
“At times like these, survival is the most important thing,” he says, peering through his owlish glasses and brushing wisps of gray hair off his forehead. He doesn’t just mean it’s time to protect your assets. He means it’s time to stave off disaster. As he sees it, the world faces one of the most dangerous periods of modern history—a period of “evil.” Europe is confronting a descent into chaos and conflict. In America he predicts riots on the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties. The global economic system could even collapse altogether. “I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros tells Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.” ~~~ recent George Soros interview interesting times indeed ... get your popcorn I read that article to, he also said stay out of gold and keep every thing in cash. To me I just don't get buying gold it seems useless to me you can't eat it you can't put it the gas tank, you can't Even wipe your butt with it. hehe. I here, but golds been used for thousands of years blabla give me food a safe place to sleep and an internet connection you can keep the rest lol. If there was financial meltdown and societal anarchy of galactic proportions, what would you rather have in your pocket to negotiate with? A: Worthless paper money B: Pieces of Gold C: Autographs of famous sports stars D: A 12 gauge shot gun Hold a shot gun on me I'll give you my food , try and give me gold or cash and I'll keep my food .....
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bubbles
Mar 31, 2012 14:44:05 GMT -5
Post by zendancer on Mar 31, 2012 14:44:05 GMT -5
Yes, we live in interesting times. It is much like "playing ball on running water." For me, it's like a fascinating game. This is why I'm writing notes for a new book titled, "Financial Enlightenment, Awakening to the Way of Money." It could also be subtitled, "Personal Finance for Dummies." Ha ha. Unlike Soros, I am a big optimist, but I do see the value in hedging one's bets a bit. From my POV going to cash is crazy. Bernanke has made it clear that people who stay in cash will be financially punished. This may not be fair to certain segments of society, but fighting the FED is a fool's game. Although the market is not a level playing field, a small investor who understands the nature of the field, can still be successful. It may not be apparent to peeps who aren't interested in finance and economics, but things are gradually improving. The big question is whether the overall systemic risk can be reduced through changes in the law, new forms of regulation, and enforcement of those new regulatory reforms. Stay tuned. I also don't have much faith in the USD, although I think that it won't break down anytime soon, everyone is involved in it too heavily... How do you see the Euro? IMO the euro has way more potential problems than the USD. The USA's only problem, in essence, is an umnwillingness by many peeps to pay more taxes. Unlike the eurozone, the USA could get out of debt by reducing spending, increasing taxes, and fixing some long-term financial problems--Medicare, Medicaid, & SS. Whether our two main parties can agree on any solutions remains to be seen, but the financial wherewithal to do so theoretically exists. Europe has bigger problems. It has staggering unemployment rates in several countries, big debts, big obligations, big banks on the hook, and no simple fixes on the horizon. Germany is one of the few countries that has its financial house in relatively good order, but it can't carry Europe all by itself. In short, I wouldn't bet on the euro against the dollar. The macro situation, however, is not what captures my interest. I look around and see some amazing local opportunities. I see lumber and other commodities selling at bargain basement prices, incredibly low interest rates, banks dying to loan money, and fire sales galore. I see stocks that are seriously undervalued, and lots of companies earning lots of money. Hiring is increasing and people are becoming more optimistic about the future. If I see these things, then I assume lots of other investors see the same things, and will take advantage of the opportunities. Stay tuned......
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bubbles
Mar 31, 2012 15:21:31 GMT -5
Post by Beingist on Mar 31, 2012 15:21:31 GMT -5
I also don't have much faith in the USD, although I think that it won't break down anytime soon, everyone is involved in it too heavily... How do you see the Euro? IMO the euro has way more potential problems than the USD. The USA's only problem, in essence, is an umnwillingness by many peeps to pay more taxes. Unlike the eurozone, the USA could get out of debt by reducing spending, increasing taxes, and fixing some long-term financial problems--Medicare, Medicaid, & SS. Whether our two main parties can agree on any solutions remains to be seen, but the financial wherewithal to do so theoretically exists. Europe has bigger problems. It has staggering unemployment rates in several countries, big debts, big obligations, big banks on the hook, and no simple fixes on the horizon. Germany is one of the few countries that has its financial house in relatively good order, but it can't carry Europe all by itself. In short, I wouldn't bet on the euro against the dollar. The macro situation, however, is not what captures my interest. I look around and see some amazing local opportunities. I see lumber and other commodities selling at bargain basement prices, incredibly low interest rates, banks dying to loan money, and fire sales galore. I see stocks that are seriously undervalued, and lots of companies earning lots of money. Hiring is increasing and people are becoming more optimistic about the future. If I see these things, then I assume lots of other investors see the same things, and will take advantage of the opportunities. Stay tuned...... Been holding my tongue, because I'm not sure this was the place to talk about this, but I can't hold my tongue, anymore. The vast majority of peeps confuse monetary policy with fiscal policy. That the Dems and Republicans can't agree on sound fiscal policy distracts from the real issue, which is monetary policy, which is ultimately what all currencies are dependent upon. The current monetary policy is monitored, dictated, and prosecuted by the central banks, not the politicians (with some exceptions, like China and Russia). That "banks are dying to loan money" is ultimately what determines a currency's fate. Since both the Euro and the USD are printed fiat by the central banks, they're the ones with all the money to loan, and it is to them that all the money printed will ultimately return. In the meantime, all the currency that's printed and loaned will become ever more valueless, since it is not tied to anything of real value (as it used to be with gold and silver). This is why there can never really be deflation of debt-based currency--because the only answer to Keynesian economic theorists, is to continue to inflate, until, as it is shown historically, the currency collapses completely, which will ultimately be the fate of the Euro and the USD and every other debt-based currency. Moreover, the employment you see is predominantly service-based, and not manufacturing-based employment. Thus, Western nations basically have nothing to trade, increasing trade deficits, which is fundamentally a financial loss for the trading nation. One cannot spend their way into prosperity. Of course, as long as the central banks keep printing money, there will be appearances of economies being strong, or 'getting better', but over time, and, again, as history has proven, all fiat currencies collapse. Not that there's really anything anyone can do about it, except for, perhaps, stock up on the gold and silver for when that day comes (for that matter, stocking up on the food wouldn't be a bad idea, either).
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Deleted
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bubbles
Apr 1, 2012 10:00:19 GMT -5
Post by Deleted on Apr 1, 2012 10:00:19 GMT -5
are you gonna go 'heavy' or take the oppty to scoop some calls? Could you write that in English please? Are you going to invest in metals or take the histeria over this news to buy stocks low? It's just BS, in other words. I don't really know anything about this stuff. But I read the article and some of the comments, and it was in those comments where I drew the language from. There's always an opportunity. Vultures getting fat.
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bubbles
Apr 1, 2012 11:06:39 GMT -5
Post by question on Apr 1, 2012 11:06:39 GMT -5
I also don't have much faith in the USD, although I think that it won't break down anytime soon, everyone is involved in it too heavily... How do you see the Euro? IMO the euro has way more potential problems than the USD. The USA's only problem, in essence, is an umnwillingness by many peeps to pay more taxes. Unlike the eurozone, the USA could get out of debt by reducing spending, increasing taxes, and fixing some long-term financial problems--Medicare, Medicaid, & SS. Whether our two main parties can agree on any solutions remains to be seen, but the financial wherewithal to do so theoretically exists. Europe has bigger problems. It has staggering unemployment rates in several countries, big debts, big obligations, big banks on the hook, and no simple fixes on the horizon. Germany is one of the few countries that has its financial house in relatively good order, but it can't carry Europe all by itself. In short, I wouldn't bet on the euro against the dollar. The macro situation, however, is not what captures my interest. I look around and see some amazing local opportunities. I see lumber and other commodities selling at bargain basement prices, incredibly low interest rates, banks dying to loan money, and fire sales galore. I see stocks that are seriously undervalued, and lots of companies earning lots of money. Hiring is increasing and people are becoming more optimistic about the future. If I see these things, then I assume lots of other investors see the same things, and will take advantage of the opportunities. Stay tuned...... Well, if you can get the rich to pay more taxes then you can solve financial problems in almost any country. Schäuble recently admitted that he what he is working towards is a political union, not a monetary union. Germany reactivated a 500billion stabilization fund and made clear that they are going to bail out German banks no matter what, PIIGS are under enormous internal and external pressure... it's clear that the Euro will at least be split up into a northern and southern Euro. I'm just not sure what it will mean for folks like me, will we experience deflation or inflation, that's really what the guessing game come down to for me... I see respectable economists argue for both scenarios, and I can see how both make sense.
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bubbles
Apr 1, 2012 11:10:42 GMT -5
Post by question on Apr 1, 2012 11:10:42 GMT -5
Could you write that in English please? Are you going to invest in metals or take the histeria over this news to buy stocks low? It's just BS, in other words. I don't really know anything about this stuff. But I read the article and some of the comments, and it was in those comments where I drew the language from. There's always an opportunity. Vultures getting fat. I don't know anything about it either. I dabble in forex a bit, but I have a strictly technical approach, fundamentals only confuse me. I don't trust the gold hype at all, it looks completely overpriced to me, and recently there have been news that massive amounts of gold are forged. I know nothing about stocks. The little money that I've got is all in the bank for 2.5%, lol... I'm not sure how to protect it. There are too many opinions floating around, too much conflicting advice, I've no idea who to trust.
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