Gilbert A...

The Final Market Bubble

Tonyb as strong point,

And I do agree that a collapse overnight to zero for Us dollar is exagerate.

Even Iceland didn't go down to zero overnight. Doomsayers arguing for Zimbawe or Weimar republic are not serious. US is not a replica of those coountries.

But Us dollar will go down. It's like a choregraphy organized by central banks, they are going down all along. They all practice the same monetary policies.

That's why I am confident with gold to remain high and reach new summit.

I don't see the Canadian dollar to be the best haven to get away from a UsD collapse, since Canada send 80 % of its products in USA, it is hard to do good business when your main client is in big trouble.

Bye Bye Greenback

Hi, Fitzman.

Since I can remember about trade balances from US and Canada. Canada received always more. It is not due to Nafta or else.

But with such a large trade deficit with Canada from maybe 40 years, We canadians should a whole lot richier, our currency should roof top.

And it is not the case.

US has trade deficit with Canada, Yes. But they have mainly trade deficit with US company doing business in Canada.

When GM Oshawa, Ontario send a car to Detroit, Michigan. It is a trade deficit for the US. But it is still GM.

Same for Oil, Exxon is Imperial oil, afterall.

The majority of big companies in Canada are in fact american ones.

All these profits going back to american shareholders, then balance trade deficit could be seen in a different perspective.

10 Predictions for the Global Economy

To conclude, I will just quote the prophet.

''There are known knowns. There are things we know that we know. There are known unknowns. That is to say, there are things that we now know we don’t know. But there are also unknown unknowns. There are things we do not know we don’t know''

Greetings to you all !

Analyzing the Crisis in Iceland: Can It Happen Here?

Hi, Fred.

They did built that aluminium facility and foreign workers, canadians mainly from Québec, are in place to learn icelandics.

But will Aluminium be enough? the markets are not quite going upward.

Could the US dollar, being in a Krona in a near future. Some even see default in next summer.

Ciao.



On Dec 07 10:47 AM Fred Banks wrote:

> Going into the Eurozone is not a solution for Iceland, nor for any
> civilized country. Sweden went into the Eurozone because the parasites
> in the Swedish government were hot to travel and rub elbows with
> the parasites in Brussels. As it happens, it is the worst decision
> made by a Swedish government in modern times.
>
> If Iceland want to solve their economic problems, all they need to
> do is to expand the aluminum processing facility that - I think -
> they have constructed, and maybe import a few hundred people to work
> in it.
>
> Professor Ferdinand E. Banks

Letting the Reinflation Genie Out of the Bottle

Hi, jlounsbury,


You brief it well and it is clear and correct.

There not much of a doubt in my mind, that there is going somekind of an inflation, a devaluation of the currency, it's mainly a matter of knowing When ?

The next point and more important is :

Do we want to be losers or winners ?

Since there so much of everyone money given away to banks by bailouts, there is no shame to increase what we owe to banks, now and pay them later.

Time is everything afterall.

No rush to pay faster your mortage or any of your loans.

Time to invest ? Calls on commodities, selling Puts. Oil, Gold, Silver.

Time to quit bonds ?

If it doesn't work, will you be worst than other ?

You don't probably realize that, by only reading these threads makes you weeks in advance on the mainstream medias. If you're not in finance, and even if you are, you talk about what is written here with collegues; the vast majority of people won't even understand half of your saying.

Financial illetracy is also a great plague.

You listen CNN, and a gorgeous girl tells you that even you 401K is down 33 % since three months, there no worry if you are young and don't retire from 20 years from now.

That is total BS. better sell at the beginnig, let it drop and buy it back
lower no matter your age, a lost is a lost.
Mainstream medias vows to inform you, but control you at the first
thing.

Freedom comes with knowledge.

Thank to MSM and proxies given by finance illetracy; Many portfolio managers who eat caviar two month ago will probabilly doing so two years from now, and they don't care about who is gonna get the balloney.

I just want to cover my ar... by myself, and actually i do it better than my pension plan management.

Good luck to you all

God bless

Gilbert.:





On Nov 26 12:14 PM jlounsbury59 wrote:

> User 55065 - - -
>
> Inflation has winners and losers. Some winners are:
> 1. Anyone with huge debt. The debt is repaid with dollars of lower
> value.
> 2. Anyone with hard assets: real estate, commodities, etc. However,
> some might argue that these, on average, simply stay even, protecting
> the holders from inflation.
>
> Some losers are:
> 1. Lenders and bond holders. They are receiving devalued dollars
> in repayment.
> 2. Anyone of fixed income, such as seniors and retirees. Social security
> is indexed for "inflation", but the official inflation number seriously
> underestimates the actual cost increases for seniors, such as health
> care and other services.
> 3. Wage earners. Wage increases tend to lag inflation.
> 4. Stock investors. Stocks have underperformed in periods of high
> inflation, especially on an inflation adjusted basis.
>
> On balance, high inflation has more losers than winners.
>
> A low level of inflation (1%, 2% or even 3%) is a condition that
> often accompanies an expanding economy and the balance between winners
> and losers shifts to more winners.
>
> I hope this over-simplified discussion of inflation pluses and minuses
> is useful.

Deflation Now; Inflation's Coming

Bonjour Louis,

I don't know where gold will be in the next 6 month. 200 or 2000 $.

I expect it will be 2000. Even in that tricky game.

Because it is a tricky game. Did not some bankers and central bank done a job on gold in August ?

There is so much price difference between the''paper asset'' and the real McCoy....Mint stores are in back order mode.


What we mostly forget in the debate about gold over In-falation or de-flation and monetizing debts, is that serious political crisis beside economics are worsen too.

Pakistan is very unstable, the Iranian showdown is not over, Caucasus is on the middle of another confrontation with Russia, and piracy is endemic close to the Red sea, where so much of our oil comes from.

Joe Biden warn us about a crisis in the months to come to test Obama, an every high ranking officials around the globe agreed.

Oil producers in North America might be also a good investment.


Best luck to you all,

Gilbert