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filipo

filipo
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  • The Coming Euro Crash [View article]
    "Note that never did I say Norway was a purely socialist state."

    You said "Norway is one of the most socialist states in Europe."

    Can you define how socialist Norway is on a scale of 10 and list the other European nations relative to that figure ?

    Just asking, cause your "Norway is one of the most socialist states in Europe." assumes you have a very distinct vue on how socialist Norway is.

    "Ah, finally you recognize what socialism actually means. You were using it incorrectly up until this moment."

    I did not.
    Please refer to a text where I used it incorrectly according to your standards.
    Feb 1, 2015. 10:29 AM | 1 Like Like |Link to Comment
  • Update: New Greek Government Announces Opposition To Eldorado's Flagship Gold Mine [View article]
    yeti,
    "when half of EU is scrambling to get hold of as much gold as they can get their grubby hands on?"

    I thought it was Canadian Eldorado Gold who was scrambling to get hold of as much gold as they can get their grubby hands on.
    Think you suffer from a slight uptick of US narrowmindedness.
    Besides, it's not the EU where the large demand for gold has to be sought, it's in China, India, Russia and Turkey.
    I really had a better idea of the so high praised American rationality.
    Feb 1, 2015. 10:16 AM | 2 Likes Like |Link to Comment
  • The Coming Euro Crash [View article]
    "Norway is one of the most socialist states in Europe. "

    Norway does NOT have a socialist economy, but Americans are brainwashed by conservative talking points into thinking that the liberal model of capitalism practiced in Norway is actually “socialism.”

    http://bit.ly/1LyfNOk
    Feb 1, 2015. 03:21 AM | 2 Likes Like |Link to Comment
  • The Coming Euro Crash [View article]
    Michael,
    What you define as "socialist" in capitalist systems should be labeled "deficit-spending".
    They all indeed deficit-spend.
    Jan 31, 2015. 09:28 AM | Likes Like |Link to Comment
  • The Coming Euro Crash [View article]
    Michael,
    Take one "I" from your "PIIGS": Ireland.
    They're doing fine now and they did fine when PM Brian Cowen in 2010 decided to bailout the Irish Banking Industry which turned the debt/GDP from a comfortable 46% into a less comfortable 160%.

    The Irish are recovering though from this blow in a remarkable way due to their hard working and a little help from their friends, the ECB and the IMF.
    Jan 31, 2015. 09:25 AM | Likes Like |Link to Comment
  • Gold bear market over? [View news story]
    ace,
    "at least you have dividends to fall back on (assuming you bought at least SOME solid companies that pay a dividend)."

    I wouldn't count too much on dividends in a deflationary environment: dividends tend to disappear even from "solid" companies http://bit.ly/1vfyQIn
    And I wouldn't count on yields of T-bonds either. In some nations the yields have turned negative recently as they soon will in the US as well:
    http://bit.ly/1yeYcSm

    Corporate gains and dividends evaporate in deflation because of margin erosion.

    Expect gold to surge when T-yields go negative or near-negative.
    Jan 30, 2015. 12:21 PM | 3 Likes Like |Link to Comment
  • The Coming Euro Crash [View article]
    Michael,
    Although there are resemblances between "real-kapitalismus" and "Sozialismus", you mustn't exaggerate or obfuscate the truth.
    According to your definition even Britain would be socialist because they have this public NHS. Well, Cameron sure won't like your idea. He's Conservative, point.
    France is socialist. Germany is Christian-Democrat.
    Germany offers more characteristics of capitalism than of socialism while France offers more characteristics of socialism than of capitalism.
    But that does not mean that each of them would not bear characteristics of both economic systems. Indeed they do.

    Germany did NOT want to join the euro.
    Point. Repeat with me.
    Germany has been dragged into the euro adventure.
    Point.
    Afterwards Germany profited the most of the common currency, yes, but whose fault was that ?
    Whose fault was it when the US had to leave Vietnam ?
    Was it Vietnam's fault, according to your logic ?
    Or was it the agressor's fault who shouldn't have declared war in the first place ?
    Jan 30, 2015. 08:25 AM | Likes Like |Link to Comment
  • Precious metals tumble [View news story]
    fish,
    Congrats, have you won the jackpot ?
    Jan 30, 2015. 08:10 AM | Likes Like |Link to Comment
  • Gold Price: Caution Ahead [View article]
    rogro,
    On the other hand, the IMF is famous for it's bloopers:
    http://bit.ly/1vesyIZ
    Jan 30, 2015. 08:07 AM | Likes Like |Link to Comment
  • Fed's Insistence On Transitory Disinflation Puts A Pause On The GLD Trade [View article]
    Gold as a hedge for equities..
    Who would have thought ?
    Jan 30, 2015. 06:19 AM | 3 Likes Like |Link to Comment
  • Gold bear market over? [View news story]
    "the world is going to end. That's right!"

    Fiat money is going to end, that's right:
    http://bit.ly/1uG7HIF
    Jan 29, 2015. 03:02 PM | 2 Likes Like |Link to Comment
  • Gold Price: Caution Ahead [View article]
    rogro,
    I was wondering, if a Western CB, like the Dutch, would be increasing it's gold reserves, which is very unlikely, I know, but suppose they would, would they report to the WGC ?
    Or would they keep silent to not to alarm the community ?
    In the recent past they have been reporting sales, that's for sure, but purchases ? Never.
    Jan 29, 2015. 02:22 PM | Likes Like |Link to Comment
  • Precious metals tumble [View news story]
    It appears these 17 tonnes last week added in the ETF's have been flowing out today.
    Jan 29, 2015. 02:18 PM | Likes Like |Link to Comment
  • Gold Price: Caution Ahead [View article]
    rogro,
    Jack Lew said that a strong USD is in the US interest, and I believe him.
    I expect a buy-over spree coming from the US any time soon of European e- and high-tech companies that are so cheap to any US company with leverage capacity -all have- or who have cash, thanks to the EUR/USD being low.
    Jan 29, 2015. 11:39 AM | Likes Like |Link to Comment
  • Gold Price: Caution Ahead [View article]
    rogro,
    I put a "like" under your first comment, having serious doubts myself about the author's logic.
    However, your latest comment seems to have been denied after a wrongly stated IMF report:
    http://reut.rs/1yKSwDm

    Take care
    Jan 29, 2015. 11:34 AM | Likes Like |Link to Comment
COMMENTS STATS
4,023 Comments
3,498 Likes