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The Great Dollar Turkey Shoot
By: Clive Maund on: 04.06.2005 [14:00 ] (2082 reads)
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Roll up, roll up folks for the "Great Dollar Turkey Shoot". You don't need a good weapon and you don't even need to shoot straight to be assured of a kill.
The dollar has had a lot of fun this week at the expense of the Euro, following the European elites being crass enough to ask the public for a mandate for their policies, and compounding their error by using quaint old-fashioned, honest, vote counting procedures - to their considerable embarrassment and the amusement of the US elites, who are much more sophisticated when it comes to handling elections and "counting" votes.
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Temporary offline
by Iranian-Shi'ite on 04.06.2005 [21:22 ]
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by Econ on 04.06.2005 [21:40 ]
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I guess this is all part of the 'job-loss recovery', a another name for a recession.
It is clear that without jobs, people can't spend and therefore there is no aggregate demand.
How is possible for share prices to be rising when companies are laying people off on a massive scale?
There is only so long that the stock market can be artifically inflated with Greenscam's excess liquidity before people begin to ask where is the aggregate demand coming from that would cause companies to increase output.
We now seem to be getting the answer.
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by Iranian-Shi'ite on 04.06.2005 [22:31 ]
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by Crack_Smoke_Republican on 05.06.2005 [03:31 ]
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The Greenscamers have had some luck lately. But with Japan and China scaling back their buys of US bonds and gold setting a new bottom, the time has come when the US slow-motion train wreck picks up speed.
The US economy - as I see it, tody it's kind of like watching the cheap thrill college kids in the show FACES OF DEATH. They start acting funny after drinking some beer, laughing and then trying to jump from the from the 4th floor motel balcony to the swimming pool below. It's all fun and nobody is really thinking since they are all drunk and stupid.
But eventually, there's always one dummy that hits the concrete head first while two others dumbly make the splash okay. It's just a matter of time with the right amount of alcohol (Greescam stimulus).
P.S. Econ - thanks again for your very insightful commentary on this board. It's accurate and on target.
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by hellsbells on 05.06.2005 [12:09 ]
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It's interesting that no new refineries are being built in the U.S.A. despite present-day near-total capacity production.
Perhaps they do not realistically foresee future increases in demand (for whatever reason).
Perhaps they do not realistically foresee future increases in supply (for whatever reason).
Both explanations might be operating. It's certainly consistent with an assessment by the oil majors that 'Peak Oil' is nigh. Of all people, they would know.
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by Iranian-Shi'ite on 05.06.2005 [17:08 ]
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"U.S. refineries can't meet demand for gasoline - The soaring demand is highly profitable for refineries"
I think that demand must go up because of the increased population of the world.
But another thing that I find to be significant is the utter stupidity of the U.S. foreign policy and oil politics. Their military machines in Iraq are guzzling exorbitant volumes of fuel.
Here we see the world facing fuel shortages while the U.S. squanders the limited supplies on an illegal and immoral war.
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by grandpa_jack on 06.06.2005 [06:41 ]
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I knew 10 years ago,, that there would be a gasoline shortage from to lack of refinery capasity in USA.
I heard it on Rush limbaugh....
If Rush knew it,, you can bet the elites in USA also knew it.
x
I suspect that the refinery capasity shortage, was ...DONE TO US,, so to get us out of our cars,, and back to walking.
I remember 20 years ago,, the central planners of usa were trying to find ways to get americans out of their cars,,, and a refinery capasity shortage,, appears to be what they though up..
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by grandpa_jack on 06.06.2005 [06:48 ]
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I wouldn't be so quick to condem the US dollar.
From my reading,
The economies of Europe are in no better shape that the US Economy.
And the EURO, is being printed, just as fast, as they can get it off the press.
So,
it seems to me, if the world bails out of the dollar,, into EURO,, it they just select a different brand of toilet paper..
xx
GOLD.
There is a hell of a lot of gold around, both above,, and below ground. There is little doubt that at these prices, Gold is a great buy, but I'd bet that silvar is better.
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by grandpa_jack on 06.06.2005 [06:54 ]
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Bankers hold a hell of a lot of it. If the market starts to demand gold,, all the banks need do, is sell, to hold down price.
If the run on gold is strong,, then the banker need only allow gold to run ahead of itself,, ..then sell into the bull market,, which will collaps the Gold price,, which will.. "Herd",, ,,"the herd" back into the safety of banker's paper.
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