Well actually because I believe very soon China and the BRICS nations including Russia are about to give the United States along with the dollar a run down for its money especially since recently the yuan has become gold backed. What does the United States have, bitcoin?
Then let him open an ameritrade and throw 100 bucks at a bearish dollar etf. If it takes more than 30 days for the dollar to tank, then he’d have held it for 30 days and avoided commissions, thus fucking over the bank and getting to watch the world burn. It’d be a hell of a day for someone with his view.
I’m not sure what the gold backing really means. Every country has foreign currencies in reserve and gold is just another one of those.
I’m short the USD against New Zealand and long the USD against Australia because that’s the way the interest rates are set to my benefit and it hedges me. I’m long the USD against the yen for the interest and short the EURNZD for the interest. I offset the EURNZD short with a sizeable EURUSD long because I’m pretty sure the euro can only go up as the ECB tapers. I hedge that with a GBPUSD short, which pays interest, and of course the USDJPY long.
USDRUB (russia) pays a good interest, but requires too much margin to hold it. USDZAR (south africa) pays a lot of interest too.
Usually, when stocks go down, the yen is the strongest, followed by the USD, then EUR, then GBP, then CAD, then NZD, then AUD. AUD takes it on the chin from all other majors. So if the market crashes, the yen, usd, euro, and pound will soar and will need moar QE infinity to hold them down somewhat.
When Fukushima happened, the yen skyrocketed and the G7 convened to sanction yen selling (buying other currencies) to hold it down. That’s why I say if Japan sunk into the ocean and ceased to be a country, the yen would go infinite, which makes no sense, but that’s how the computers are programmed. The yen is THE most desired thing on the planet, apparently.
I believe this is the end game of the United States dollar through devaluation and being slowly squeezed out of the international oil markets which is the United States Achilles heel.
A lot of computer programmers and designers are Japanese. Correlation?
United States DOW takes another dump. Repeat after me: Government/ national debt, deficits, unemployment, inflation, GDP, and inherent structural weaknesses of the markets doesn’t matter! Economic fundamentals don’t matter! Nothing to see here, move along!
[The era of make believe, fantasy, and extend pretend economics.]
We here in the United States live in an alternative virtual reality, get with the program!
[The power of a delusional fantasy nation in decline on the way to total collapse.]
Everybody knows that the dice are loaded
Everybody rolls with their fingers crossed
Everybody knows that the war is over
Everybody knows the good guys lost
Everybody knows the fight was fixed
The poor stay poor, the rich get rich
That’s how it goes
Everybody knows
Everybody knows that the boat is leaking
Everybody knows that the captain lied
Everybody got this broken feeling
Like their father or their dog just died
Everybody talking to their pockets
Everybody wants a box of chocolates
And a long stem rose
Everybody knows
Everybody knows that you love me baby
Everybody knows that you really do
Everybody knows that you’ve been faithful
Ah give or take a night or two
Everybody knows you’ve been discreet
But there were so many people you just had to meet
Without your clothes
And everybody knows
And everybody knows that it’s now or never
Everybody knows that it’s me or you
And everybody knows that you live forever
Ah when you’ve done a line or two
Everybody knows the deal is rotten
Old Black Joe’s still pickin’ cotton
For your ribbons and bows
And everybody knows
And everybody knows that the Plague is coming
Everybody knows that it’s moving fast
Everybody knows that the naked man and woman
Are just a shining artifact of the past
Everybody knows the scene is dead
But there’s gonna be a meter on your bed
That will disclose
What everybody knows
And everybody knows that you’re in trouble
Everybody knows what you’ve been through
From the bloody cross on top of Calvary
To the beach of Malibu
Everybody knows it’s coming apart
Take one last look at this Sacred Heart
Before it blows
And everybody knows
Yeah I do too, but wasn’t sure if it’s because I’ve never heard the other guy lol. I thought it was a Don Henley tune originally.
I like Henley. The Garden of Allah is a good one, but it’s not on youtube anymore.
[i]It was pretty big year for predators
The marketplace was on a roll
And the land of opportunity
Spawned a whole new breed of men without souls
This year, notoriety got all confused with fame
And the devil is downhearted, babe, cause
There’s nothing left for him to claim
He said it’s just like home
It’s so low-down I can’t stand it
I guess my work around here has all been done
And the fruit is rotten, the serpent’s eyes shine
As he wraps around the vine,
In the garden of Allah[/i]
Zero, shale oil has allowed the US to become the biggest exporter or oil. We’ve kept prices stable in spite of massive OPEC cuts, and we’re getting closer with the Saudis as we both maintain interest in getting oil prices up for 1) so that fracking remains viable here and so that LNG can see price increases as the oil price goes up, and 2) so that when the Aramco IPO drops that the Saudis can get a premium for the shares with the price of a barrel of oil up nice and high. That’s why we’re on board with the blockade of Qatar in spite of it housing one of our biggest military installations in the world. They’re sitting on top of the biggest proven LNG reserve in the world, and the Saudi’s don’t want them flooding the market while they’re trying to drive up prices for the Aramco IPO. So until those prices are high enough for Salman to get a valuation of 16 trillion or something for his state oil company, anyone in the middle east trying to dump petroleum for cheap is a terrorist, OPEC knows that getting in too deep and doing the same with their production will be the catalyst that leads to escalations of conflicts in the world that no one wants to see.
If you like complicated, fast moving things that are hard to understand, try keeping up with the global energy markets. It’s very entertaining stuff, and it shows that most politics is just a red herring intended to throw you off the ugly human reality of how shit actually works.