I will start this discussion topic with EURUSD chart.
On Friday it reversed six pips below the zone. I assume it may hold for a while and give some reaction but then it will be crashed.
Just my opinion.
JI
jimkane
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Everyone should read this. I think it way understates how big the problem is, but it's a good overview. Our future (the world's future, not just the U.S.) only holds big war, martial law, famine, ruin, violence, and so on. Then the bad stuff starts. Sorry, I know this is a trading forum and a trading thread, but all I have to do is look at the charts and it's all I can think about. So, regardless, I can't escape it...
http://theautomaticearth.com/Finance/what-ben-bernanke-is-really-saying.html
http://theautomaticearth.com/Finance/what-ben-bernanke-is-really-saying.html
JI
jimkane
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The ES does look all ready now for the next leg up. It did all that nonsense in the second half of today, and it's all primed for the move to start any second now. See ya all just under or just over 1700 next.
JI
jimkane
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Here's a few more articles. I guess it's time for me to start posting them in the economics section, where almost everyone will ignore them...
http://www.zerohedge.com/news/2013-07-22/can-us-economy-keep-exponential-chart
http://www.zerohedge.com/news/2013-07-22/qbamco-gold-and-inflation-dont-fight-fed-front-run-it
The second one is long but particularly good. It supports my theory, and that is bet on big time consumer inflation.
All these articles, though, they all have one common, flawed theme, and that is that although things are out of hand now, they are doing the best they can to try to keep the system going. I think, instead, we were enslaved (if you think you are not a slave, yet you see that you do not control your own money system, think again, that's a very solid definition of a non-bound slave), and most of our work is stolen from us.
It went too far, and they are keeping it going while they fully liquidate it. The biggest wealth transfer in human history, right before people's eyes, and yet they still can't see it. When it's over the world will look like Detroit. And we will have sat and watched it all happen. And to pull it all off, lot's of brainwashing propaganda to make us think our only hope is the gov. Maybe some nice wars to give us enemies only the gov can fight, and so on. You'll see. It's all lining up...
http://www.zerohedge.com/news/2013-07-22/can-us-economy-keep-exponential-chart
http://www.zerohedge.com/news/2013-07-22/qbamco-gold-and-inflation-dont-fight-fed-front-run-it
The second one is long but particularly good. It supports my theory, and that is bet on big time consumer inflation.
All these articles, though, they all have one common, flawed theme, and that is that although things are out of hand now, they are doing the best they can to try to keep the system going. I think, instead, we were enslaved (if you think you are not a slave, yet you see that you do not control your own money system, think again, that's a very solid definition of a non-bound slave), and most of our work is stolen from us.
It went too far, and they are keeping it going while they fully liquidate it. The biggest wealth transfer in human history, right before people's eyes, and yet they still can't see it. When it's over the world will look like Detroit. And we will have sat and watched it all happen. And to pull it all off, lot's of brainwashing propaganda to make us think our only hope is the gov. Maybe some nice wars to give us enemies only the gov can fight, and so on. You'll see. It's all lining up...
JI
jimkane
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This is scary stuff. If the USD loses its reserve status (something that is inevitable, in my opinion, and is already well under way), look for a devaluation between 50% (super conservative and not supported by the math) and 90% (closer to where I think it will trend). Hence, look for a near ten-fold increase in prices paid for things, and a 90% wipe out of your retirement savings. Oh, well. BTW, this works in well with their inflate away the debt scenario. The only problem is that countries who lose their reserve status tend to 'struggle' a bit after it happens.
http://www.zerohedge.com/contributed/2013-07-22/china-maneuvers-take-away-us%E2%80%99-dominant-reserve-currency-status
http://www.zerohedge.com/contributed/2013-07-22/china-maneuvers-take-away-us%E2%80%99-dominant-reserve-currency-status
JI
jimkane
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This is a good but very basic video, in case my explanations don't make sense. Yes, it is basically an ad for gold and silver. But, listen to what they are explaining, it's pretty spot on, I think. Especially note Greenspan's report, and how he became the worst, most vile figure in history doing exactly what he said gold protects against. How ironic.
http://www.zerohedge.com/news/2013-07-22/how-our-monetary-system-works-and-fails
http://www.zerohedge.com/news/2013-07-22/how-our-monetary-system-works-and-fails
JI
jimkane
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Two ticks from the all-time high. I have essentially zero doubt it will hit my next area (let's say just under 1700 to just over 1700). The big question is what does it do there, on 'Super Tuesday'?
JI
jimkane
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Posts: 33,089
It touched the all-time high. I wonder, will it break it? Too funny.

