Civil War, WW1, Great Depression, with central banks and without, with gold standard and without, with 90% marginal income tax rates or 25%, with WW2, Cold War, stagflation, inflation, deflation. Takes a licking and keeps on ticking...
Posted on 10/23/2008 8:30:57 PM PDT by Tejava
The USDollar rally in the last several weeks has been remarkable. At closer examination, it highly resembles a spurt prior to death. Imagine an old man who just had a heart attack, lost feeling in certain body parts, his mind not working right, plenty of nonsense gibberish coming from his mouth, and now he is dancing hard on some last gasps. The vast liquidation movement is akin to the old man going through an embalming process while dancing atop the tables at the funeral parlor, as bidding proceeds for his cadaver. Are Americans last to realize the financial structure destruction means the USEconomy does not enter a recession, but rather a bizarre unprecedented disintegration? It seems so. The liquidation of speculative positions, the massive de-leveraging, the payouts of defaulted bonds, these events are the opposite of developments toward revival or resuscitation, like business investment!! Liquidation is the exact opposite of investment, and precedes job cuts, not job creation.
(Excerpt) Read more at financialsense.com ...
That's my buddy Travis you're calling ignorant.
One must be careful of the company one keeps unless you are Zero.
Its hilarious to watch these America bashers try to rationalize their false predictions.
The dollars up— you were wrong.
America is still by far the strongest economy in the world.
nuts article
Civil War, WW1, Great Depression, with central banks and without, with gold standard and without, with 90% marginal income tax rates or 25%, with WW2, Cold War, stagflation, inflation, deflation. Takes a licking and keeps on ticking...
How much is that in porsche dollars . . . . ?
;-)
AMEN! If I had a dollar every time some joker wrote about it's death, I'd be a multi-gazillionare.
The Dow Jones industrial average futures fell 550 points, triggering a halt in selling of stock future contracts.
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When was the last time this happened?
Takes a licking and keeps on ticking...
You are right... here’s a freeper joke you might enjoy:
A woman in a hot air balloon realizes she is lost. She lowers her altitude and spots a man fishing from a boat below.??
She shouts to him, ‘Excuse me, can you help me? I promised a friend I would meet him an hour ago, but I don’t know where I am.’
The man consults his portable GPS and replies, ‘You’re in a hot air balloon, approximately 30 feet above a ground elevation of 2346 feet above sea level. You are at 31 degrees, 14.97 minutes north latitude and 100 degrees, 49.09 minutes west longitude.
She rolls her eyes and says, ‘You must be a Republican!’
‘I am,’ replies the man. ‘How did you know?’
‘Well,’ answers the balloonist, ‘everything you tell me is technically correct, but I have no idea what to do with your information, and I’m still lost. Frankly, you’re not much help to me.’
The man smiles and responds, ‘You must be a Democrat.’
‘I am,’ replies the balloonist. ‘How did you know?’
‘Well,’ says the man, ‘You don’t know where you are or where you’re going. You’ve risen to where you are, due to a large quantity of hot air. You made a promise that you have no idea how to keep, and now you expect me to solve your problem. You’re in exactly the same position you were in before we met, but, somehow, now it’s my fault.’
You’re right. Many foreign currencies are in trouble. Reports of the Dollars death are premature.
Here’s a freeper joke you might enjoy.
A woman in a hot air balloon realizes she is lost. She lowers her altitude and spots a man fishing from a boat below.??
She shouts to him, ‘Excuse me, can you help me? I promised a friend I would meet him an hour ago, but I don’t know where I am.’
The man consults his portable GPS and replies, ‘You’re in a hot air balloon, approximately 30 feet above a ground elevation of 2346 feet above sea level. You are at 31 degrees, 14.97 minutes north latitude and 100 degrees, 49.09 minutes west longitude.
She rolls her eyes and says, ‘You must be a Republican!’
‘I am,’ replies the man. ‘How did you know?’
‘Well,’ answers the balloonist, ‘everything you tell me is technically correct, but I have no idea what to do with your information, and I’m still lost. Frankly, you’re not much help to me.’
The man smiles and responds, ‘You must be a Democrat.’
‘I am,’ replies the balloonist. ‘How did you know?’
‘Well,’ says the man, ‘You don’t know where you are or where you’re going. You’ve risen to where you are, due to a large quantity of hot air. You made a promise that you have no idea how to keep, and now you expect me to solve your problem. You’re in exactly the same position you were in before we met, but, somehow, now it’s my fault.’
You are correct.
No, buy short term treasuries.
Not bad. Penniless but his credit was still good and it maintained his lifestyle. He owed plenty which was covered by his estate.
yitbos
'It is dangerous to be right in matters on which
the established authorities are wrong . . .'- Voltaire
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