Euro Crisis how much cash will you lose WHEN IT GOES BELLY UP?

horace_2

Ah,
it`s reassuring to jump in between the blankets each night safe in the belief that Merkozy have the solutions to the Euro problems!

Dr White`s any lady?

h

sabretoothtigger

Ark_Welder wrote: »

If the Euro was devalued then the amount to be paid back would be exactly the same - in Euros. However, it would be worth less to those who then convert it into their home currency, i.e. USD or GBP etc.

I have heard that Euro is devaluing now. The way ECB are buying debt then 'sterilising' it by selling short term overnight paper is another form of money printing apparently

Just switching debt from 5 year to overnight would be risky in any case. Its what USA has been doing for years so maybe Europe is copying the yankies and will go in pretty much the same way - big inflation but no great debt collapse which I presume is what most people here would prefer to see

The last QE twist plan did the opposite by buying 30 year debt which could hasten the endgame I thought at the time




QE4 is underway ? M2 money supply is expanding rapidly at 15% in a quarter :huh:

http://www.youtube.com/watch?feature=player_detailpage&v=RpxHFM74G_g#t=660s

Flight2quality

sabretoothtigger wrote: »

I have heard that Euro is devaluing now. The way ECB are buying debt then 'sterilising' it by selling short term overnight paper is another form of money printing apparently

Just switching debt from 5 year to overnight would be risky in any case. Its what USA has been doing for years so maybe Europe is copying the yankies and will go in pretty much the same way - big inflation but no great debt collapse which I presume is what most people here would prefer to see

The last QE twist plan did the opposite by buying 30 year debt which could hasten the endgame I thought at the time




QE4 is underway ? M2 money supply is expanding rapidly at 15% in a quarter :huh:

http://www.youtube.com/watch?feature=player_detailpage&v=RpxHFM74G_g#t=660s

Sabretooth is there any charts available that show the entire supply of fiat currency units for the entire Earth? I know most of them are USD but love to see M1 supply of all currencies. Then outstanding revolving credit for every currency, then how many ounces of gold and silver there are available in comparison

Jegersmart

horace wrote: »

Spend, spend spend that is what I am doing. I am buying things which will be useful bartering items.

Baked beans, pasta. Tuna fish anyone?

h

That won't be necessary when the Euro fails. The items you mention will be very useful when global energy supplies are almost depleted however.

imho

J

Flight2quality

sabretoothtigger wrote: »

QE4 is underway ? M2 money supply is expanding rapidly at 15% in a quarter :huh:

http://www.youtube.com/watch?feature=player_detailpage&v=RpxHFM74G_g#t=660s

Why QE4? QE3 has not officially ended yet, well they havent even said its started even though yes as Jim Rogers says QE3 is going on in secret.

brenda50

Decided to take the last of my money from my German bank account from when I lived there. There are 888 euros. I thought about buying 20g of gold and having it sent over but after looking at the difference in price over here decided it was not worth it - it looks cheaper over here and have arranged a transfer through a specialist company who are giving me a rate of 19.2.

horace_2

The `Euro` train [STRIKE]experiment[/STRIKE] appears desperately close to the buffers.

Can`t wait until friday. Black Euro friday?

HOW MUCH WILL YOU LOSE WHEN THE OBVIOUS HAPPENS?

Even Queeny will feel the pinch in this slow motion train crash.

Sanitary towels ladies? Form a queue please.

h

atush

Jegersmart wrote: »

That won't be necessary when the Euro fails. The items you mention will be very useful when global energy supplies are almost depleted however.

imho

J

I'm with Jeggers on this one. I live on an island that currently has a boat that delivers all food supplies. Which is waiting for an italian company to get off its a** and fix the part required. Which was promissed end of last month, then this month. Now they say they 'can't get it done' til after xmas/ny. probably because they all get 2 weeks off paid over the holiday? They wouldn't know how to give a proper weeks worth of work. It has been months on order now.

So, we had gales last week, and another blowing today. The islands' grocery stores are pretty bare (last friday in tesco it wa like those pics in Zombie appocolypse films- there wasn't a single packet of rice or pasta on the shelves, nor soda etc). Today I got the last of the fresh baked baguettes as they have no more dough.

If it carries on much longer, there will be no xmas turkey ;-)

horace_2

Once again Mercozy have saved the day.

Ah the Euro is saved!!


Wanna bet?

h

sabretoothtigger

These things keep on cycling through each time as their solution does not alter the overall system viability. At some point they decided to concern themselves with grains of sand on the beach instead of realising its the tide which always decides not anyone else
Humans are just the same, they are a natural system. Im sure (collectively) human actions have been recognised in this way for hundreds of years so why would we think puppet strings work now. A free market = peoples actions
I hope their plan is amazing but it aint likely

Since EU is 27 countries someone has pointed out that a 'break away' faction of 26 cant just seize control of EU facilities. Apparently it requires all in agreement
http://www.telegraph.co.uk/finance/financialcrisis/8946836/EU-Treaty-new-EU-plan-abuses-power-say-lawyers.html

I think UK is better off out of it. Im no expert but in the 1930's I've read we went our own way too and did better for it, I think they should just stick to what they know is best even if we're 'out of the club'

fiat currency units for the entire Earth? I know most of them are USD

Thats all you really need to know, Dollars are the reserve currency then maybe euros next. If there is more dollars, there is more currency everywhere. Thats how it works apparently

Thats why Swiss and Japan and the others are also printing, otherwise they'd be on the other end of the see saw. It gets confusing but they dont like that as it makes them a natural customer to USA as they then have the valuable currency to spend.
If everyone prints, velocity is zero nothing is really achieved as governments control moneyflow not good businesses so I presume efficency is lost and volatility in prices increases. That is why Euro debt is unstable maybe

supply of all currencies

Supply is up and even now they struggle to pay bills thats why I presume gold is good as there is no option for them to tighten except the unthinkable of acknowledging bad debts

Jim rogers recently said gold price needs a pullback, as its risen alot. I agree it is up alot but it seems in line with all this extra supply of money so I dont see it as overvalued. I dont even like gold, strange I'd be more optimistic then a commoditys guy

At worst I expect the prices of 2011 to stick and at best maybe 2,300 or so for 2012. You can stick a ruler on the price graph, its a good regular appreciation



Market just closed here and it was positive and its a good turning point. Stocks register at a 200 day average as even and Euro shows itself at a low similar to the worst prices of the last 16 months.

Failure from here might be nicely dramatic but like gold, as the currency keeps going down its very hard to judge what is the right price. Expect increasingly volatile markets over next year I reckon