Financial Crisis

[churchill]

World's reserve currency looking even weaker than normal /

Rumours - Chinese are going to revalue the yuan this weekend /

[Naam]

World's reserve currency looking even weaker than normal /

Rumours - Chinese are going to revalue the yuan this weekend /

rumour - Easter Bunny will distribute chocolate eggs filled with Baht

[churchill]

World's reserve currency looking even weaker than normal /

Rumours - Chinese are going to revalue the yuan this weekend /

rumour - Easter Bunny will distribute chocolate eggs filled with Baht

Not baht 'The New Nordic Euro currency' :

from Jim Willie http://investmentwatchblog.com/must-read-50-factors-launching-gold-jim-willie-cb/

[Naam]

Introduction of a New Nordic Euro currency is near its introduction. The implementation with a Gold component will send Southern European banks into the abyss, marred by default. The new currency has the support from Russia and China, even the Persian Gulf.

It is also worthwhile to mention that more than a dozen delegations from planets of the Delta Quadrant are expected to arrive this weekend. Informed sources revealed that tough negotiations will be conducted to set exchange rates of the NN€ (New Nordic €URo) vs. gold pressed Latinum, Quintlithium, Unobtainium and a variety of lesser monetary instruments used in the Delta and Gamma quadrants.

[SiamRose]

Sounds like time to stock up. Where can I get some unobtainium?

[Naam]

Sounds like time to stock up. Where can I get some unobtainium?

TV member Flying owns most of it... i think

[flying]

Sounds like time to stock up. Where can I get some unobtainium?

TV member Flying owns most of it... i think

Yes & as its name suggests it was not easy to get

[12DrinkMore]

Money, banking and economics.

Sometimes I think I understand a bit more, and then another factor comes along and I am left scratching my head again.

Here is a website that is helping me get my brain around the way it all works, written is easy to understand terms.

http://wfhummel.cnchost.com

[Naam]

Sounds like time to stock up. Where can I get some unobtainium?

TV member Flying owns most of it... i think

Yes & as its name suggests it was not easy to get

and of course you are not willing to sell some... right?

[midas]

Thank you so much for the positive news Midas.

Reading that, it really felt like after experiencing weeks of cold weather and heavy rains, the sun was finally becoming visible again from behind the dark clouds.

this guy would not agree with you

http://www.youtube.com/watch?v=a1gMsLdVCu0&feature=player_embedded

[flying]

Sounds like time to stock up. Where can I get some unobtainium?

TV member Flying owns most of it... i think

Yes & as its name suggests it was not easy to get

and of course you are not willing to sell some... right?

No of course not but....I may swap a few for a bakery

[flying]

this guy would not agree with you

:lol: Thanks

[midas]

this guy would not agree with you

:lol: Thanks

he is great isn't he !

“The world needs anger. The world often continues to allow evil because it isn't angry enough."

Bede Jarrett

[churchill]

I am not sure Obama , Cameron or Sarkosy have an end plan in Libya - and What about the rest of the middle east - The crisis is far from getting better and with the West's intervention seems to be getting worse /

Libya crisis: US involvement deepens with deployment of Predator drones

http://www.guardian.co.uk/world/2011/apr/22/libya-crisis-us-involvement-deepens-predators

and so should the west get increasingly involved in other areas in the middle east - or is it only about Oil - ( Gold ! )

The War on Libya is a War on Gold: Banking Cartel Causing Middle-East Unrest

http://thehardrightedge.com/libyagold/

or

Is The Play For Iran's Nukes The Endgame Of Ongoing MENA Violence?

http://www.zerohedge.com/article/play-irans-nukes-endgame-ongoing-mena-violence

Whatever the outcome it does not look good at this time /

[churchill]

Bernanke is looking for an excuse to extend QE2 start QE3 -

Termites ?

http://www.csmonitor.com/World/Latest-News-Wires/2011/0422/Termites-eat-millions-at-a-bank-in-India

[midas]

Is The Play For Iran's Nukes The Endgame Of Ongoing MENA Violence?

http://www.zerohedge.com/article/play-irans-nukes-endgame-ongoing-mena-violence

Whatever the outcome it does not look good at this time /

I hope they are not dumb enough to do this because no has addressed how they would propose to take care of the

estimated 70 to 90 nuclear warheads in Pakistan in what i would imagine would then

be a very very angry Islamic world ?

[churchill]

Either idiots in command - or Army out of control /

Four Protesters Killed At Syrian Funeral

http://news.sky.com/skynews/Home/World-News/Eight-Protesters-Killed-After-Syrian-Forces-Opened-Fire-On-Protesters-At-A-Funeral/Article/201104315974619?lpos=World_News_Top_Stories_Header_3&lid=ARTICLE_15974619_Eight_Protesters_Killed_After_Syrian_Forces_Opened_Fire_On_Protesters_At_A_Funeral

I thought Assad was educated in the UK - What went wrong /

[jcon]

Nothing to add, but the Obama Bumper Stickers guy reminded me of the ending of Zoolander.

[BlackJack]

Nothing to add, but the Obama Bumper Stickers guy reminded me of the ending of Zoolander.

America's employment problem is far more serious than the numbers suggest.

Consider the landscape for higher education:

According to the Center for American Progress, U.S. student loan debt is on track to hit a cool $1 trillion in 2011.

At $829 billion, total student loan debt has now outpaced credit card debt.

The student loan burden of the typical undergraduate has more than doubled -- up 108% in a decade.

Student loan default rates make subprime look tame: Between 25% and 43% of all loans default, depending on the type of loan (government, community college, two-year college, etc.).

Remember, too, that there is no bankruptcy option for a student loan gone bad. You cannot walk away from it... and interest rates compound with each passing day. These young defaulters are checking themselves into debtors' prison.

http://www.taipanpublishinggroup.com/tpg/taipan-daily/taipan-daily-042511.html?sub=TD&o=330419&s=333192&u=32352292&l=248015&g=200&r=Milo

[midas]

Nothing to add, but the Obama Bumper Stickers guy reminded me of the ending of Zoolander.

America's employment problem is far more serious than the numbers suggest.

Consider the landscape for higher education:

According to the Center for American Progress, U.S. student loan debt is on track to hit a cool $1 trillion in 2011.

At $829 billion, total student loan debt has now outpaced credit card debt.

The student loan burden of the typical undergraduate has more than doubled -- up 108% in a decade.

Student loan default rates make subprime look tame: Between 25% and 43% of all loans default, depending on the type of loan (government, community college, two-year college, etc.).

Remember, too, that there is no bankruptcy option for a student loan gone bad. You cannot walk away from it... and interest rates compound with each passing day. These young defaulters are checking themselves into debtors' prison.

http://www.taipanpublishinggroup.com/tpg/taipan-daily/taipan-daily-042511.html?sub=TD&o=330419&s=333192&u=32352292&l=248015&g=200&r=Milo

and still the Chinese students run rings around them

Why Do Chinese Students Outperform American Students?

http://www.taipanpublishinggroup.com/tpg/taipan-daily/taipan-daily-042511.html?sub=TD&o=330419&s=333192&u=32352292&l=248015&g=200&r=Milo

[12DrinkMore]

and still the Chinese students run rings around them

Why Do Chinese Students Outperform American Students?

http://www.taipanpub...15&g=200&r=Milo

Think you may have posted the wrong link there, Midas?

[12DrinkMore]

http://www.bloomberg...wage-gains.html

Brady Miller is paying more for vinyl siding for his construction business and for groceries to feed his family. He can't charge customers more, showing why some Federal Reserve officials say inflation will ease."We don't spend money on anything, we don't take vacations, and I am not saving money right now," Miller, 36, says. He has told his wife that he is going to drive their 2005 Dodge Caravan "until that thing falls apart."

The Mossville, Illinois, homebuilder also hasn't given his crew of two a raise in two years and says they shouldn't expect one soon. Their predicament illustrates the downside of what Fed Vice Chairman Janet Yellen calls "transitory" inflation: Household purchasing power is shrinking because wages and salaries aren't keeping pace with food and energy prices.

The massive transfer of wealth from the middle class to the rich is continuing, driving the middle class down to the poor class. A lost two decades? Hey, you haven't seen anything yet . With no savings, nothing left after paying the basic bills, productive jobs being exported to Asia; where on earth, or rather in the US, can an economic turnaround come from?

[midas]

and still the Chinese students run rings around them

Why Do Chinese Students Outperform American Students?

http://www.taipanpub...15&g=200&r=Milo

Think you may have posted the wrong link there, Midas?

you are right 12D ... thanks i meant to post this one :jap:

http://therealrexray.com/2011/01/30/why-do-chinese-students-outperform-american-students/

[12DrinkMore]

This ties in nicely with that last post from Midas.

http://www.marketwat...-end-2011-04-25

According to the latest IMF official forecasts, China's economy will surpass that of America in real terms in 2016 — just five years from now.

Now, that marks a milestone, or Yuanstone or whatever stone.

But the remarkable statistic is further down the page,

Just 10 years ago, the U.S. economy was three times the size of China's.

There is clearly the issue of currency fluctuations, but the trend is clear.

This is more than a statistical story. It is the end of the Age of America. As a bond strategist in Europe told me two weeks ago, "We are witnessing the end of America's economic hegemony." We have lived in a world dominated by the U.S. for so long that there is no longer anyone alive who remembers anything else. America overtook Great Britain as the world's leading economic power in the 1890s and never looked back.

Interesting times ahead, full of opportunity and fraught with difficulty.

[12DrinkMore]

you are right 12D ... thanks i meant to post this one :jap:

http://therealrexray...rican-students/

And from that

"Confucius say, 'Americans a bunch of lazy spoiled little shits who expect something for nothing,' Don't work that way. You got to expend some sweat to get results."

Priceless, absolutely priceless.

Go and talk to the Brits, the Greeks, the Spanish and the Portuguese too. But probably far too late.

The message is "Get a decent education, take responsibility for yourself and have respect". Works every time. Success.

The Asians all realise this, as indeed the Swiss and the Germans.

[12DrinkMore]

Tim seems to be confused, or I am.

http://www.bloomberg...e-in-trade.html

Treasury Secretary Timothy F. Geithner today reaffirmed the U.S. commitment to a "strong dollar" and said the country won't weaken the currency to gain an advantage over its trading partners.

So what is the difference between his constant yelling

http://www.reuters.com/article/2011/01/12/us-usa-china-geithner-idUSTRE70B3RJ20110112

U.S. Treasury Secretary Timothy Geithner said on Wednesday that China needs to raise the value of the yuan more quickly

[churchill]

Will Joker Trump now go away ?

Obama Releases Long-Form Birth Certificate, Will Address Nation At 9.45 AM

http://www.zerohedge.com/article/obama-release-long-form-birth-certificate-will-address-nation-945-am

[midas]

you are right 12D ... thanks i meant to post this one :jap:

http://therealrexray...rican-students/

And from that

"Confucius say, 'Americans a bunch of lazy spoiled little shits who expect something for nothing,' Don't work that way. You got to expend some sweat to get results."

Priceless, absolutely priceless.

Go and talk to the Brits, the Greeks, the Spanish and the Portuguese too. But probably far too late.

The message is "Get a decent education, take responsibility for yourself and have respect". Works every time. Success.

The Asians all realise this, as indeed the Swiss and the Germans.

While their comment about Latino kids dropping out is right the Cubans

dont fall into this mould. On the whole the Cubans have also provided

a decent standard of education with very limited resources. I never saw any street

gangs in Havana and i never felt intimidated to walk around anywhere

in the dark very late at night. So it also has to do with respect for society

and possibly a little bit of fear of the authorities which isn't a bad thing.

[12DrinkMore]

They sure are trying to get the UK peeps excitied about a recovery.

http://www.bloomberg.com/news/2011-04-27/u-k-economy-grew-0-5-in-first-quarter-as-services-surged-most-since-2006.html

Britain’s economy rebounded in the first quarter by enough to erase the contraction of the previous three months on the strongest surge in service-industry growth for four years

"Rebounded" "Strongest Surge"

Give me a break

“The 0.5 is an arithmetic effect,” Joe Grice, chief economist at the ONS, told reporters at a briefing in London. “Simply the fact that snow and adverse weather conditions reduced GDP abnormally in the fourth quarter by 0.5 percent, there will have been an arithmetic 0.5 percent increase which will just take you back to the same level.”

Yeah, that seems more likely. Flatlining, if the UK is lucky otherwise down the slippery.......

Good job there is a <deleted> Royal Marriage taking place this week. It's keep the peeps glued to their widescreens with all that pomp and piss take.

[churchill]

'Yeah, that seems more likely. Flatlining, if the UK is lucky otherwise down the slippery.......

Good job there is a <deleted> Royal Marriage taking place this week. It's keep the peeps glued to their widescreens with all that pomp and piss take. '

Amongst the many good things going for the UK /

The Royal Family

Freedom of Speech