Posted: Sun Jun 01, 2008 10:00 am Post subject: Re: Is The Collapse Of The US Just A Load Of B.S???
While most Aussies would accept the premises that Americans are a somewhat challenged lot , you are most welcome , we have sufficiently low standards to take you in , after all we have taken in Poms ( Brits ) for years and hardly feel the worst for it .
the bad news is you will have to understand cricket
the good news is you will discover rugby .
Joined: Dec 07, 2005 Posts: 1828 Location: Australia
Posted: Tue Jun 03, 2008 6:46 am Post subject: Re: Is The Collapse Of The US Just A Load Of B.S???
Quote:
and how did you spy were they invest??
This has all been made public. Not all their investments of course, but Dick Cheney has some million in a fund that profits from US$ crash and the others have made public statements that they think US$ is going down and are investing overseas. I think Euro dominated investments have been preferred (officially).
Sorry, don't have time to dig for links for ya. _________________ Lets take a ride, and run with the dogs tonight
In suburbia
You cant hide, run with the dogs tonight
In suburbia
- Pet Shop Boys
Joined: Dec 08, 2004 Posts: 1581 Location: Nez Perce Nation
Posted: Wed Jun 04, 2008 8:12 pm Post subject: Re: Is The Collapse Of The US Just A Load Of B.S???
jesterx said "I have been watching this guy on youtube The Current Economic Crisis"
Cricky Mate! I believe I'm just too old and old fashioned to be able to take a man talking with an Australian accent seriously. Now if he had a British upper class accent I would believe every word he uttered. _________________ "Modern Agriculture is the use of land to convert petroleum into food."
-- Albert Bartlett
"It will be a dark time. But for those who survive, I suspect it will be rather exciting."
-- James Lovelock
Posted: Thu Jun 05, 2008 2:17 am Post subject: Re: Is The Collapse Of The US Just A Load Of B.S???
It is sooo entertaining to read stupid comments posted by people that have no idea what the hell they're talking about...
So you say US is going down...
How do you now that? Or should I as what exactly that you think you know makes you say such an enormity?
When a trend develops in financial markets, people start to think that it will go on forever. That's what makes the bubbles and crashes.
The truth is, not too many apply any common sense to their reasoning.
For example, everybody was forecasting a disaster in Financials. The banks would all crash and burn, etc... Remember March '08? Well, it did not happen. Why? Because some people have done something about it.
The US dollar. It went down for a while. But it stopped. Can it go lower? Yes. Will it go lower? Unlikely.
The coming "recession". Remember a few months ago, all the "gurus" were saying that US is already in a recession. Well the reports have been released recently. Where's the recession? Warren Buffet, a man for whom I have little respect is saying that the future is dark, stocks will fall, etc... What a ton of bullshit! If we look at what his agenda is, we can understand his motives. He is buying stocks right now! He is telling you the stocks will fall further only to scare you away.
The OIL. Well some people believed that it will go up and up until it reaches the moon
The truth is it can not get there however, because most people will not pay that much for it no matter what! So, when the speculators have realized that, they begun to retreat in hordes. Expect Oil go go lower from here. If anyone has any doubts that the Oil Bubble was pure speculation, please note the following facts: In the last 6 months the price has doubled. Has the demand, or the supply changed that much? Not really!
The US collapse. It will not happen. The main reason - the world needs the US. The Chinese need the happy US consumer to buy the crap they make, and so do the Japs and Koreans and Europeans, etc... So if US will be in financial trouble the rest of the World will chip in and rescue it.
Posted: Thu Jun 05, 2008 2:37 am Post subject: Re: Is The Collapse Of The US Just A Load Of B.S???
wait, and you see.
Sorry, but I never read such a crap.
You should bear in mind that outside the US there are hords of hardworking, intelligent, well trained smart guys ans they won't rescue you, because the world does not need the US.
Posted: Thu Jun 05, 2008 2:41 am Post subject: Re: Is The Collapse Of The US Just A Load Of B.S???
I love how people posting for the first time often see the clearest through all this alarmist PO crap and are the most conscious of how all is fine.
John, please remember that the economy is not a metaphysical realm with separate laws but fundamentally dependent on physical reality. A most crucial physical factor is energy. Decreasing energy supply causes major repercussions in the economy. So, are the energy reserves decreasing permanently? Just a short, casual study of the latest developments reveals that there is an increasing expert consensus on an imminent or already passed peak of global oil production. (A more elaborate study only strengthens this conclusion.)
If you compare a satellite image of an average US town (with huge suburban sprawl) with an image of an average European town... which one is more dependent on cars and cheap oil?
And this is true even if the current and worsening financial crisis was swept under the rug (where it won't stay for long). It will be a race to the bottom for sure, no one spared, but you're quite naive to depend on the world's continued willingness or ability to keep bailing out the US. _________________ "A devastating error is to set up a political system based on [individual] desire... the best dictatorship would be one where the government prevents any economical growth."
"Only scarcity and effort make life worth living."
-Pentti Linkola
Joined: Dec 07, 2005 Posts: 1828 Location: Australia
Posted: Thu Jun 05, 2008 9:39 pm Post subject: Re: Is The Collapse Of The US Just A Load Of B.S???
Quote:
Expect Oil go go lower from here. If anyone has any doubts that the Oil Bubble was pure speculation, please note the following facts: In the last 6 months the price has doubled. Has the demand, or the supply changed that much? Not really!
That was so funny. Almost like a trip back to 2004 when I thought everything was OK.
And the entertainment was topped with a $5 jump in oil.
First of all, doubling of price within a certain timeframe does not by itself mean it is in a bubble. If the price is fundamentally driven there is no cap. Fast price action however creates the risk that something was overbought and nerveous traders may jump.
What the trend and fundamentals really are will become clearer only once the dust settles as it temporarily even may be oversold.
Secondly, when supply does not meet demand, price does not move proportionatly. i.e. doubling of demand does not equal doubling of price. Price in such scenario will be what ever motivated buyers can and will pay. Bear in mind also that oil is priced in US$. So if a foreign currency goes up against US$, this makes oil cheaper for them. Oil can therefore go up in price without necessarily impacting on foreign buying.
This will set up a very interesting scenario if/when ECB hikes interest rates and China decides to allow Yuan to strengthen.
Thirdly, US has technically not been in a recession simply becasue the definitions and the parameters used to determine this has been changed along the way.
Just like inflation figures, unemployment etc etc.
And besides lip service, Federal Reserve has done NOTHING to combat inflation. Instead they are CREATING it by increasing lending. That may be a way to fight of recessionary forces, but inflation is always ALWAYS temporary fix with the result that the medicin eventually will be even nmore bitter.
If you think the world is completely dependent on USA, read and watch some clips with Peter Schiff from Euro Pacific Capital.
Besides often being very entertaining (like when he was laughed at by the clowns of Wall street a couple of years ago when he started warning about sub-prime problems etc.) he has so far been very accurate with his anlaysis of current developments. _________________ Lets take a ride, and run with the dogs tonight
In suburbia
You cant hide, run with the dogs tonight
In suburbia
- Pet Shop Boys
Posted: Thu Jun 05, 2008 11:40 pm Post subject: Re: Is The Collapse Of The US Just A Load Of B.S???
Johny_Bloggsy wrote:
When a trend develops in financial markets, people start to think that it will go on forever. That's what makes the bubbles and crashes.
Think of the US as an asset bubble that foreigners have invested in. Eventually, those investors will realise their ROI is heading for a dive and will head for the exits and take their money elsewhere. Nothing lasts forever, as you point out. You seem to believe that foreigners will just keep on pouring their money into the US like suckers in a Ponzi scheme. _________________ "Who knows what the Second Law of Thermodynamics will be like in a hundred years?" - Economist speaking during planning for World Population Conference in early 1970s
Joined: Dec 07, 2005 Posts: 1828 Location: Australia
Posted: Fri Jun 06, 2008 8:03 am Post subject: Re: Is The Collapse Of The US Just A Load Of B.S???
Quote:
Expect Oil go go lower from here. If anyone has any doubts that the Oil Bubble was pure speculation, please note the following facts: In the last 6 months the price has doubled. Has the demand, or the supply changed that much? Not really!
Johny_Bloggsy, US Light Sweet July contract is now (2 days after your post) back up to $134.
Any more comments you wish to add at this stage?? _________________ Lets take a ride, and run with the dogs tonight
In suburbia
You cant hide, run with the dogs tonight
In suburbia
- Pet Shop Boys
Joined: Jun 13, 2007 Posts: 3589 Location: Minniesotuh
Posted: Fri Jun 06, 2008 8:35 am Post subject: Re: Is The Collapse Of The US Just A Load Of B.S???
Have been watching CNBC for awhile this am. One of the speakers said that oil may be $150 by 4 July.
A person on the Floor said something about bids were out for $200 in Sept-Didn't catch it all, so maybe someone else caught that? _________________ "RRrrruuuunnnn!!!" ~Apocalypto
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