fist tap Gray Conservative
US backing for world currency stuns markets.
The dollar plunged instantly against the euro, yen, and sterling as the comments flashed across trading screens. David Bloom, currency chief at HSBC, said the apparent policy shift amounts to an earthquake in geo-finance.
"The mere fact that the US Treasury Secretary is even entertaining thoughts that the dollar may cease being the anchor of the global monetary system has caused consternation," he said.
Mr Geithner later qualified his remarks, insisting that the dollar would remain the "world's dominant reserve currency ... for a long period of time" but the seeds of doubt have been sown.
The markets appear baffled by the confused statements emanating from Washington. President Barack Obama told a new conference hours earlier that there was no threat to the reserve status of the dollar.
10 comments:
Well, DV, you've convinced me. I hope you follow through on your acute foresight and convert all of your U.S. dollars right now to the only thing that'll have true value in the future geo-economy: old comic books.
Ahhhh ... come on Mills.
Man up. You can do better than that.
How about "Aight DV. Maybe the shit aint completely a 'conspiracy theory'. I'm not ready to buy into the Amero and all that .. but an effort to create a world currency / world government does seem to be a real issue."
That's all.
None of that glib shit. Just fess up bra.
Be careful with the gold DV. I dropped 201 pennyweight of 18K this past week and didn't have to dicker any because of the quantity - but folks who don't buy/sell/trade in any quantity are straight phukked - I mean getting shook and took.
Despite the heady market for precious metals - there are still bargains to be had out there with really high upside potential - specifically with estates and old, old jewelers and pawnbrokers carrying ancient inventory that they've had sitting around for decades.
As much as I love old comics - and used my teenage collection to pay a significant chunk of my college tuition - I'd leave that niche collectible stuff to the fanboys lacking family and a life.
I feel you CNu. Sounds like a sound strategy. I went retail awhile back and bought about a kilo of philharmonics and krugerrands. Mostly for show and tell.
I throw them at faux cynical Plantation Negros who come by the crib for dinner and talk.
But when shit pops off, and Plantation Negros who think food comes from grocery stores and water comes from the faucet are rummaging through the burned out shell of Walmart - even precious metals are not going to be worth much.
I'm shopping for an atmospheric water generating machine now.
Can't believe the bitch move your boy Mills made. Little fake holier than thou monkey muhfuggah pretending like he got "better" shit to do.
If he had better shit to do - he'd be doing it.
Punk muhfuggah on some "WE SICK BOSS?" shit steady talking about "Conspiracy theories" as the shit we are saying happens before his eyes.
Then got the nerve to pretend ... he's above it all.
I feel bad for you on that retail tip magne. Listen, as many Russians as you've got at your fingertips in L.A. in the precious metals binnis, I strongly recommend you do a little shopping, a little networking, and that you go to the trouble to meet some of these cats.
Do it under the pretense of buying something lovely for Mrs. Vesey. Meet several (or more) jewelry wholesalers. Now understand right off the top, some of these cats may seem a little hard and rough around the edges, but if you hit it off with one or more, then you'll have a friend and associate well worth the effort.
I lived with some Russian cats for a while many years ago, and came to have a fundamental appreciation for the culture and mentality - some of the most thuggish cats you'll ever meet, but with extremely high IQ's and decent morals if they decide they like you.
The Russian jewelers you're likely to encounter in L.A. will have their own onshore and offshore smelting, casting, cutting, etc.., capabilities and the means to not only import and export at will, but also an invaluable knack for extra-judicial business contract enforcement, nah'meen?
My point is this, no matter what happens in the domestic retail market, the international market for precious metals will continue to thrive in perpetuity, including if major force majeur type war breaks out. THAT's why it's worthwhile to get to know some of these cats.
They're very good and very useful friends to have in time of potential disruption or crisis..., no time like the present to forge useful international relations.
... but with extremely high IQ's and decent morals if they decide they like you.
Nice to see that Nulan appreciates the value of high IQs.
"Be careful with the gold DV. I dropped 201 pennyweight of 18K this past week and didn't have to dicker any because of the quantity - but folks who don't buy/sell/trade in any quantity are straight phukked - I mean getting shook and took."
Err... let me make sure I understand you here. If a guy has a decent job and is making a little money but hasn't diversified, it's him and gator, right? (old colloquial southern term, think you and an alligator in a room together. It means sink or swim, it's you and gator.) Or, in other words, you're screwed.
If a guy has a decent job and is making a little money but hasn't diversified, it's him and gator, right?
Nah magne..,
If you simply role like an exceptionally well-armed mormon with plenty of unregistered and well cached firepower and ammunition, well-cached, unregistered, and cross-border portable precious metals (think old, well-stamped jewelry) and with your passport(s) current - it's all good.
Mills...
"Nice to see that Nulan appreciates the value of high IQs."
Well, Mills, you never answered my question about Prof. Philippe Rushton's "elucidations" about IQ and "biological race". Namely what the obvious fallacy in the guy's thinking is.
Haven't figured it out yet?
It's obvious. If an IQ of 70 is a characteristic of being a member of the 'biological black race', then an IQ of 100 is a characteristic of NOT being a member of the "biological black race".
Thus any person who Rushton defines as "biologically black" who has an IQ of 100 and not 70 logically can not be "biologically black".
Or as was commented on the video:
"If a person whom he defines as white has an IQ of 70 and a person who he defines as black has an IQ of 70 wherein lie the "genetic racial" differences in IQ?
Or put it this way. If a person who he defines as black has an IQ of 120 and another person who he defines as black has an IQ of 70 wherein lie the 'genetic racial' identities of black?"
Do you understand the (ill)logic of his reasoning? Or is it too complicated for you, Mills?
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