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Asians markets organize...reject the Golden Child

Discussion in 'Political Issues' started by Snowman92D, Dec 11, 2012.

  1. Snowman92D

    Snowman92D

    3,889
    14
    Oct 6, 2001
    Indianapolis
    Last edited: Dec 11, 2012
  2. Atlas

    Atlas transmogrifier

    12,512
    11
    Oct 1, 2001
    north of the equator
    Does this surprise you?

    You do know that inter-nation trade in Asia and Russia is increasingly settled in currency other than the dollar, right?

    A huge percentage of physical dollars in circulation are outside our borders.
    Some estimate 2/3 or so.
    One fine day they're all gonna come home again in a huge damn rush.

    Let "the Ben Bernake" continue to announce "QE xx" and watch what happens. They've been doing business in that part of the world since long before anyone outside North America even knew the western hemisphere existed. They ain't all as dumb as they seem.
     

    Last edited: Dec 11, 2012

  3. GAFinch

    GAFinch

    5,912
    28
    Feb 23, 2009
    Georgia
    I've been trying to calmly warn people that this is essentially a failed state, especially now that we're going to be printing 100% of our annual deficit, but we just don't collectively realize it yet. People are so afraid to face reality that they won't even pull their money out of savings accounts with a 1% APR, much less take a tax hit on their IRA's.
     
  4. Actions have consequences, the Zero should realize that his desire to humble the US also diminishes his importance.

    Why would they pay any attention to him? A bit of irony for a narcissist. :upeyes:
     
  5. G17Jake

    G17Jake

    6,128
    314
    Sep 13, 2002
    What should one do with the money once it is pulled from savings?

    Gold?

    Silver?

    Real estate?
     
    Last edited: Dec 12, 2012
  6. The amazing thing about all the money floating around............there is no velocity, so it is doing nothing. If something happens to put it into motion, we'll have another problem.
    There is no velocity, because there is no confidence. Benji can't overcome that. He is a one trick pony anyway.
     
  7. pugman

    pugman

    6,140
    307
    May 16, 2003
    Wisconsin
    Lead.

    Money sitting in the bank right now is doing nothing. I cringe when I drive in to work and see billboards advertising .60 APY.

    What to do with the money? Get a gym membership and get into shape, get any and all dental work taken care of, buy spare glasses if you need them, build a library of actual books, take classes which 1) allow you to fall back on a skill which will allow you to make a living 2) make you more independent of the government and others, get into reloading, etc, etc.

    Remember if the dollar were to actually collapse no one (not even the brain trust of GT) knows precisely what will happen. Argentina and Greece are nothing compared to the U.S economy.
     
  8. walt cowan

    walt cowan

    10,908
    1,458
    Feb 18, 2005
    Absurdistan
    all three.