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Hmm, pound is looking a bit scary today!
Comments
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Stronghands wrote: »Grizly1911 you have the same picture as Tixy who has been helping me in the other thread, are you the same person?
What you say about Italy is all true, but they are not that different from other countries including the UK. Just putting more band aids on, its just rearranging deck chairs on the Titanic, its all going down.
What gets me is when the GoldmanSachs guy 3 card Monty, was put in, the people had nothing to do with it. I thought it was supposed to be a democracy? Goldman are positioning their people all around the world, and now Monty has gone they will probably put someone else in, or try and control whoever replaces him.
No there is only me (even though, lend me your brain, Boyle is convinced otherwise). Spooky though.
I have been making the same point about us being on a glide path, from time to time we manage to lift the nose (sale of assets, allowing repetitive borrowing against falsey inflating assets, switching debt off balance sheet etc.), to slow down the apparent rate of decline. Even an Enterprise Scotty would have difficulty controlling it.
Bankers are largely in control, IMO, so not surprisingly they don't want the people's choice getting in the way."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Stronghands wrote: »Goldman are positioning their people all around the world, and now Monty has gone they will probably put someone else in, or try and control whoever replaces him.
And we've got one of those lying thieves to look forward to as our next BoE governor.0 -
Stronghands wrote: »Yes Merv was reluctant to QE too many millions of pounds, so get in someone who will not mind trashing the pound to the tune of 100's of billions.
The pound sterling has a lot further to fall, but then all currencies are falling as well so what do you compare it to?
If lots of currencies are dropping, in unison and ratings are slowly dropping (tracking the demise) presumably somewhere will inflate out of proportion?
If those one or two zones are out of line is it not them that are out of sync? Like any gambler they need to keep playing and will at some point start losing. I guess we still have more to lose at present but need to stay in the game at all cost - or do we?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Stronghands wrote: »I thought it was supposed to be a democracy? Goldman are positioning their people all around the world,
Probably beacause Goldman can afford to recruit the best financial minds around.
Often the case that poachers make the best gamekeepers. As not everyone enjoys working in the hardnosed culture of the American vultures.0 -
Stronghands wrote: »now Monty has gone they will probably put someone else in, or try and control whoever replaces him.
to see gold going up
gold never changes value much is the reason for holding it.Merv was reluctant to QE
1/3 of all gov debt is sitting under Merv's bed, he's loving it :laugh:0 -
Stronghands wrote: »Some say its gold and silver that are the other side to the fiat money that is racing to the bottom.
Gold is down 11% in the last year, and silver down over 20%.
Houses are up.
"Some say" goldbugs are blind to reality.;)“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Stronghands wrote: »Today was a very good day for us gold bugs
And yet gold is still worth less in £ today than it was at the start of the month or on this day a year ago.
You must be pleased about gold's relentless progress.0 -
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Graham_Devon wrote: »So are houses if you include all the costs associated with keeping it.
What costs?0
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