tag:blogger.com,1999:blog-2121490237517462736.post2445024650609686562..comments2024-02-20T01:52:53.299-08:00Comments on Futronomics: contrarian analysis of global macro trends, commodities, currencies, equities: Technical Update 49.09/European WoesMatt Stileshttp://www.blogger.com/profile/17977694389453612864noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-2121490237517462736.post-42974401087775770212012-10-03T13:47:20.082-07:002012-10-03T13:47:20.082-07:00Well, gold has really moved much higher since this...Well, gold has really moved much higher since this post was created. <a href="http://goldprices247.com" rel="nofollow">gold prices</a>. I just see now way out of this tremendous economic calamity we are seeing. Now with Ben Bernanke issuing another bit of money printing session with the 40 billion dollars of mortgage back securities purchases, we are headed for a dollar devaluation. I'm hoping that precious metals will be a good way to hold onto any money. I woke up a couple of years ago and spend my time researching and researching and that is the only solution i can find.silver priceshttp://silverprices247.comnoreply@blogger.comtag:blogger.com,1999:blog-2121490237517462736.post-42397985524772084832010-01-30T02:37:02.333-08:002010-01-30T02:37:02.333-08:00Influence can be defined as the power exerted over...Influence can be defined as the power exerted over the minds and behavior of others. A power that can affect, persuade and cause changes to someone or something. In order to influence people, you first need to discover what is already influencing them. What makes them tick? What do they care about? We need some leverage to work with when we’re trying to change how people think and behave.<br /><br />www.onlineuniversalwork.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2121490237517462736.post-17273914846109329622010-01-28T00:53:03.776-08:002010-01-28T00:53:03.776-08:00Everyone has their favorite way of using the inter...Everyone has their favorite way of using the internet. Many of us search to find what we want, click in to a specific website, read what’s available and click out. That’s not necessarily a bad thing because it’s efficient. We learn to tune out things we don’t need and go straight for what’s essential.<br />www.onlineuniversalwork.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2121490237517462736.post-14549977269462704632009-12-25T12:57:57.439-08:002009-12-25T12:57:57.439-08:00Matt, as always you raise good points. There is o...Matt, as always you raise good points. There is one thing missed about currencies that I believe to be the truth. Though they are national in nature, I believe them to be bank paper and not so much government paper. The Euro is a classic case and it is probably why the Englizh didn't fall for the Euro. I don't believe the Swiss did either, as I see there is a market for Swiss francs. Thus it is bankers that have control of all this mess and they will do as they see fit, as they did in the USA. But, in doing so, it is quite likely that they will upset the apple cart because deflation is going to work in the way it will work regardless of what bankers do. <br /><br />There seems to be this absurd idea of inflation, which could occur should the private sector be willing to sell their goods for nothing to the state. Being they won't, they will sell out of necessity and to keep their accounts paid and solvent. It is hard to inflate in this fashion, whereas if commercial banks were lending to buyers of private goods to the extent that the inventories were being cleared faster than they could be produced and the new production was clearly more expensive for the same reason, inflation would occur easily. But, inflation is not only a function of age demographics, but a function of how much good credit can be extended by the system. The world is confused with credit as it is with global warming and carbon dioxide. It is assumed that man creates all the carbon dioxide out there when in fact most of it comes from rotting plant and animal matter along with massive amounts vented out of the earth. The same holds true for government and central bank created inflation. The truth is these are only additions to natural borrowing inflation and are insufficient when private borrowing has reached its limit. <br /><br />The big problem is that everyone wants to preserve the status quo of no mathematical solution except the ones in debt and they want to preserve the status quo of their otherwise good standing. The paradoxes are too many to go into details here. <br /><br />In the end, if we end up with a world currency, don't be surprised if it isn't the dollar. It is already the backbone of world banking and debts around the world are denominated in it. It would be a boon and a bust to the US though, as the US would be more easily held liable for their debts. It would also undermine US sovereignty, in that the rest of the world would have control of US credit more easily. A currency coming out of Asia is a long shot and the Chinese are already on the dollar and posses a substantial base of them to exert their own financial power around the world. They are already attempting to wield this power.mannfm11https://www.blogger.com/profile/06507232690375884354noreply@blogger.comtag:blogger.com,1999:blog-2121490237517462736.post-8234116355307680252009-12-23T08:29:46.521-08:002009-12-23T08:29:46.521-08:00Steven,
I'm watching the November close as t...Steven, <br /><br />I'm watching the November close as the support level on Gold (around 1041 spot). If we close December below that, it puts in a bearish reversal month, which is typically a slam dunk technical pattern on commodities. <br /><br />But then again, after 4-5 years of calling the gold market with about as much ease as a cricket match, it has frustrated me over the past 6-8 months. I'm definitely not a hot hand in PMs right now...Matt Stileshttps://www.blogger.com/profile/17977694389453612864noreply@blogger.comtag:blogger.com,1999:blog-2121490237517462736.post-39487866713827222252009-12-23T06:46:50.728-08:002009-12-23T06:46:50.728-08:00I'm surprised to see the gold price continuing...I'm surprised to see the gold price continuing to fall. I expected support near the $1,100 area to hold, but clearly it hasn't. And it looks like some big investors are betting on further price declines, at least based on options activity on the XAU index, which I saw mentioned here: <a href="http://www.goldalert.com/gold-price-blog.php" rel="nofollow">http://www.goldalert.com/gold-price-blog.php</a>Unknownhttps://www.blogger.com/profile/13775653942561818932noreply@blogger.comtag:blogger.com,1999:blog-2121490237517462736.post-21047974152143759662009-12-23T06:21:56.753-08:002009-12-23T06:21:56.753-08:00Namke,
If I understand correctly, something alon...Namke, <br /><br />If I understand correctly, something along those lines are what Mark Carney was advocating in a recent paper "a new way forward." <br /><br />I personally am skeptical of the idea. I don't think currencies should be "created" by legislative fiat. I'd prefer to see the market determine such matters spontaneously. But for all I know, the market could come up with something like that. <br /><br />Cheers,Matt Stileshttps://www.blogger.com/profile/17977694389453612864noreply@blogger.comtag:blogger.com,1999:blog-2121490237517462736.post-60201946349852112182009-12-22T21:19:14.725-08:002009-12-22T21:19:14.725-08:00Hi Matt;
Just a thought. Perhaps much of this rev...Hi Matt;<br /><br />Just a thought. Perhaps much of this revolves around the issue of having a currency that is used both for national transactions and international transactions?<br /><br />In other words - if you use the same currency for both then a country does not have the flexibility needed for managing their money (example : the STRATFOR table in your blog post).<br /><br />What if?<br /><br />What if the Euro was just used by business for cross-border transactions and as a (I'll invent a term here...) "currency of mediation" between various national currencies in the EU ?<br /><br />My experience in Europe (including the days before the Euro was invented) tells me that the Euro is very handy for doing business in Europe and with Europe.<br /><br />In other words, what if the Euro was just used as the currency between businesses and governments? No private citizens allowed. If you want to convert a DM into a Franc it would go : DM to Euro to Franc (no direct conversions).<br /><br />I personally think this will be the end result. National currencies have different needs than international currencies. It isn't "one size fits all".<br /><br />I also think that China will have the same problem if they try to use the Yuan as both a national currency and a regional reserve currency (imitating the Fed's "take over the world with printed paper promises" strategy which is failing miserably now).<br /><br />Same for the GCC and oil pricing.<br /><br />Same for South America.<br /><br />I think it is time for international businesses and governments to have their own regional currencies - independent of the politics (and various money printing scams) of nation states.<br /><br />The IMF as a "world currency" would just be repeating the same mistake as the Euro. Regions need their own business currencies. The IMF's job IMHO is to provide a properly collateralized "currency of mediation" between the properly collateralized regional "currencies of mediation" (like the Euro and the Gulfo).<br /><br />Just some thoughts.Namke von Federleinhttp://emsjuwel.com/businessnoreply@blogger.comtag:blogger.com,1999:blog-2121490237517462736.post-57976794420773582892009-12-22T07:09:53.577-08:002009-12-22T07:09:53.577-08:00"domestically originated"
I'm incl..."domestically originated" <br /><br />I'm including private debts, which in many places are incurred cross-border. <br /><br />eg. Mexican businesses who borrow in the US, bring the money back to Mexico, suppressing the US dollar in the process and supporting the peso.Matt Stileshttps://www.blogger.com/profile/17977694389453612864noreply@blogger.comtag:blogger.com,1999:blog-2121490237517462736.post-42854809417672727642009-12-21T19:12:22.211-08:002009-12-21T19:12:22.211-08:00Not sure what you mean by domestially originated.
...Not sure what you mean by domestially originated.<br /><br />US debt is held by outsiders.<br /><br />Japan's debt is held by the Japanese.fishonhookhttps://www.blogger.com/profile/16999320673708996063noreply@blogger.com