Free Money Selling EURO!!!!!!! - page 3
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Has the eagerly awaited EURO rally already started? Without hitting the parity. Lucky me, I've closed all my EURUSD shorts last week.
Forget about writing stupid EAs. Just SELL EUROUSD at any level and one can make huge amount of cash. Since legendary George Soros has predicted EURO's eventual collapse a couple of months ago the EURO is now heading into the gutter. Greece and Portugal are already junked and Spain is on the brink and Italy and Ireland are following.(The PIIGS countries of Europe.) Once EURO cease to exist any shorts now will bring unseen wealth to anyone who dare to screw the once mighty EURO.
EURO is dead! Long live the Deutsch Mark, French France, and Pound Sterling!
I've got news for you: So are all the rest: almost every country is 'bankrupt' and so far in debt that they can never get out of it.
I live in CAnada and personal income tax was brought in as a 'short term' necessity to ''pay for' WW2'. The government said and promised that it was 'only' for that purpose and would be abolished once that specific debt was paid off. Currently most people here within the 'average' income level loses about half of their income to taxation to the numerous levels of governments with federal personal income tax being the bulk of it. Most countries are going further into debt just trying to meet and service the interest on outstanding loans, let alone paying down the principal.
Modern day 'consumer' economics is based on faulty premises and theories that hav nothing to do with economics to start with.
As David Suzuki said: " nothing in nature can sustain 'continuous nor infinite' growth." This applies to economics as well.
Until we get back to economics based on NEEDS and NOT on 'WANT and DESIRE', we are doomed to failure in this Apocalypse that is already upon us. Money persay is for convenience so that you don't have to carry and bring a few pounds of bloody meat before it rots to find someone that needs it and will take it as payment for the products or service that you need and will take it in exchange. The goal of healthy economics is not meant to be the pursuit of money in and of it self and for the purpose and accumulation of it. It's about the 'flow' of things, NOT the accumulation of it.Until we follow the example of the King of Bhutan in Asia that in the 1980s got rid of the GNP as a measure of 'well being' of the nation and replaced it with 'GNH' :Gross National Happiness'! A wise and enlightened ruler to be sure!
The US is an example of a nation that has become both morally and economically 'bankrupt' because economics is not in balance with and holds way to much sway, power and influence in both the governing political realms (where 'equality' is the operating principal) and with the 'social / cultural / educational / religious / artistic and spiritual' realms where 'freedom' is the valid and proper operating principals. Co-Operation should be the guiding principal in Economics in order to utilize and carry out producing and providing necessary things the most efficiently with as little waste of numerous types and as fairly as possible for all involved.
At the turn of the previous century (1800 ==>1900) about half of the GNP went through the hands of only six families! At the turn of this recent one, 99% of the wealth of the US is now in the hands of only 1% of the population! This is NOT 'free enterprise'! They call it being 'wage slaves' for very good reasons!
People do not make proper distinctions between such realms and thus do not make or pursue any of them correctly and healthily nor gauge them properly and correctly/
The Chinese are right: we need to have only ONE currency for the entire world to provide a fair and level the playing field for everyone!
'Quantity' does !NOT equal 'Quality' of Life!
So long as we measure and designate economies as ONLY being healthy IF they are constantly growing,and expanding, which is UNsustainable!', we are all doomed to 'failure and 'poverty' economically and in being mostly in the state of 'recession' or depression.'
Drastic changes are needed in this realm and are already underway.The only question is are we going to embrace it and thus have some freedom to bring about and guide the needed changes with the least amount of turmoil and bring about a more realistic and healthy, sustainable system or will we mostly be 'victims' of chaos and turmoil as it unfolds and is foisted upon us.
Alas history clearly indicates which path that this will likely follow.When the hype gets to this point you've already missed the chance to buy (or sell as it were) the rumor...everything up to a Greece default has already been priced into the euro. Ask yourself why anyone, and particularly major market players like Soros, would find the generousity to share with the world their highly-valued consulting advices for free? Legal market manipulation. They create the demand (or ensure a lack thereof) and let the price walk into their takeprofit targets.
In 1997-1998 Buffett purchased some $12B worth of silver, then he told Forbes magazine he thought Silver was a good buy...Forbes ran with the article "zomg Buffett says BUY SILVER" and silver price shot up as demand spiked...Buffett sold his silver into that upswing in price with it having met his profit objectives.
http://www.butlerresearch.com/thank_you_mr_buffett.html
Now you got Soros giving you the wink-wink nod-nod to run off an short the Euro? Yeah, lemme jump all over that...
HI Phillip et al,
Long before that, the Hunt brothers of Texas, US bought up 2/3 of the world's supply of silver in machinations meant to manipulate and control the market and to reap massive rewards from it.
Significant quantities of diamonds, and likely gold as well, are kept out of circulation to artificially drive the 'retail' value of them up exponentially. Anyone that has every bought any gold / diamonds from a retailer and later had to sell them back to a retailer understandably suffer from very significant 'sticker price' 'shell shock'.
FourX,
Canada and Australia are the world famous for the best Health Care, Income Support, and Public Education systems for their people. The welfare and health and education spending in these two countries are totally paid for by their huge income taxes alone. Unlike US where most of the income taxes goes into the military spending while many of her people are living without health insurance, sufficient dole, and proper education.
What the world needs is not a Single Currency but the freedom of movement for the people. Like the freedom of movement for capital, if human capital is allowed to move freely the world will be changed for the better as the human productivity will increase many folds.
FourX,
Canada and Australia are the world famous for the best Health Care, Income Support, and Public Education systems for their people. The welfare and health and education spending in these two countries are totally paid for by their huge income taxes alone. Unlike US where most of the income taxes goes into the military spending while many of her people are living without health insurance, sufficient dole, and proper education.
I agree I would also add, US citizens have been perpetually brainwashed by a system of government that profits by instilling in its population a hatred of anything socialist.
This is how generations of US citizens have been programmed to think since they were old enough to say mama
Socialism=Communism=Soviet Union=Enemy
therefore socialism=Enemy
As for the US education system it is a joke I recently had to teach my g/f how to do percentages on paper, and how percentages relate to decimal because she DID NOT KNOW !!
She is 22years old, has a high school diploma but she had no clue how 0.2 relates to 1 fifth or how 1 fifth relates to 20%
I taught her in one evening what 12 years of US education had failed to teach her, basic math.
One Spanish bank collapse and the EURO's gone to the dogs again!
I agree I would also add, US citizens have been perpetually brainwashed by a system of government that profits by instilling in its population a hatred of anything socialist.
This is how generations of US citizens have been programmed to think since they were old enough to say mama
Socialism=Communism=Soviet Union=Enemy
therefore socialism=Enemy
As for the US education system it is a joke I recently had to teach my g/f how to do percentages on paper, and how percentages relate to decimal because she DID NOT KNOW !!
She is 22years old, has a high school diploma but she had no clue how 0.2 relates to 1 fifth or how 1 fifth relates to 20%
I taught her in one evening what 12 years of US education had failed to teach her, basic math.
Based on a sample size of "1" you are prepared to make sweeping generalizations about an entire nation's education system as well as the absurd notion that "we all have been brainwashed" to equate socialism with the USSR and the enemy?
Got it ALL figured out there do ya...
A human society needs to maintain a right balance of Capitalism and Socialism to be prosperous and at the same time fair to every member of the society. Definitely a pure Capitalism kills the social justice while a pure Socialism kills the prosperity. A country needs a lot of wealth to implement free-spending Socialist policies like free education and universal health insurance.
Countries like Australia and Canada can afford to implement these Socialist policies because of their huge mineral wealth and comparatively very small population. But a Socialist like Chavez is destroying his poor Venezuela with a large population and without significant resources. Even Soviet Union couldn't maintain Socialism and eventually collapsed.