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11 Dec 2015 16:42 #283173
by SCA
Can't waste that bastion of knowledge...come on meh breddas...such expertise is sadly lacking in the world...and we here at WICF have been blessed to have these potential noble prize winners in our midst. Don't look a gift horse in the mouth folks. This is a chance of a lifetime to be duly informed of all of the world's mysterious operations, the conspiracies laid bare with irrefutable facts from bonafide sources unearthed by studious, impeccable intellect, parading here as mere mortals around our message boards. Wake up folks...we have candidates for worldwide recognition in economics, finance and geopolitics.
maps, how much money you mek again trading currencies, specifically Roubles and Renminbi? Tell them folks...
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11 Dec 2015 17:30 #283191
by ketchim
Same reason as "why "
you wanna know how much Maps made in currency trading .
you want it b4 broker fees ...or you think he has own Forex platform
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Scooby Snack
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11 Dec 2015 22:29 #283210
by Scooby Snack
This has been a long time coming.
I'm sure the media isn't saying anything about it because they want to prevent mass panic; but people simply won't be prepared.
I wonder what this means for digital currencies like Bitcoin, however...
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mapoui
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12 Dec 2015 02:20 #283215
by mapoui
shake yuh head SAC! I explained myself. you cant read ::confused:: ::confused::
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mapoui
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12 Dec 2015 02:27 #283216
by mapoui
the world in trouble economically. but who ran the world's economies up to now...the same big school bwoys he says we are not
to me that is a good thing..that I am not Krugman or Larry Summers or Jeffery Sachs.
now Michael Hudson is a another matter..or Dr P C Roberts
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14 Dec 2015 16:19 - 14 Dec 2015 16:51 #283662
by mapoui
I am not buying Renminbi as a short term invesment ASC. I also buy silver in bigger quantity... a little gold. I have taken physical delivery and have them safely stored.
I have bought silver specifically in 1 ounce pieces..the type that Johnson Matthey makes/sells.
why?
just in case the economy crashes and the dollar bill becomes useless.
silver for barter would be a good substitute...would hold a value/and or be direct profit.. but also as a hedge against economic collapse and paper monies become useless
I have not bought gold because that is a lil more difficult and already very expensive. and Wall street is determined to keep a latch on the price of gold and silver. if the Chinese have their way they will revalue the international of gold upwards. they have the most to gold and they win. American has the most to lose from an unlimited price of gold which is why the hold the price down as if their lives depend on it. their lives in cat do depend on a lower price for gold. but the Chinese wants to change that post haste. no need to wonder why
I can see silver having a very practical value up the road. old will be problematic. I prefer to leave that to the real big players. all I need to do is live as well as I can.
I have no Rouble! I cant bet on the Rouble from Canada which nation is part of the sanctions regime against Russia.
but I have no doubt based on my own assessment of these economies that they are sounder than western economies because they have not been hollowed out by predatory financiers and saddled with un-payable debt that enslaves then comprehensively. they are all under heavy austerity which is the most deflationary policy there is. there is no possibility of economic recovery under austerity...and if so that means police state and lock down in perpetuity, because the people have to be controlled or they would revolt under never ending austerity
austerity is simply a tactic to grind surpluses out of social operating costs to pay interest every year on the un-payable debt.
austerity bleeds nations of surplus that otherwise can be allocated to stimulate economic recovery. no matter what surplus is generated the debt principal cant be affected positively. why..every time the government spends a penny it is borrowed from the same people to whom the surplus is paid to meet interest charges every year. paying interest only, every year never touches the principal which increases every year the government borrows the money for budgetary demands.
that is why there will be no recovery ever again because the debt is too large, increases all the time.. and the economy literally has to be shut down to generate surpluses to meet interest payments
I don't have a clue what CAS is talking about. the Russian nation is under no such financial strain and extractive financial policies. they are fine. if the Chinese are they can put an end to it at any point I imagine to save their economy. who is to stop them..who can stop them? no one can. and that would be all they must do. stop government borrowing and spend their own money internally interest free on infrastructure and social development
Last edit: 14 Dec 2015 16:51 by mapoui.
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