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golfitobob

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  • In his first public speech as ECB chief, Mario Draghi - under enormous pressure to unleash a wave of euros over the continent - tells the EU to get busy, noting it's been 18 months since the summit that created the EFSF, four months after it was expanded, and four weeks after leverage was introduced (remember those rallies?), and the thing still isn't ready to go. "Where is the implementation of these longstanding decisions?"  [View news story]
    bbb, Draghi, is an Italian and the EFSF does not have a banking license ! So, it is Merkal ! And, that is so because France is broke an her banks have caused the EU to be where she is ! Maybe your not a where,but, French banks were the powerhouse in China and there demise caused them to pull out of China and caused the shadow system to fill that void ! That fact may possibly damage the entire world economy !

    So, if the US would stop the Fed from printing the world might heal,but, the handful on WS would start jumping out of windows !
    Truthfully, that is what should happen ! gb
    Nov 20 01:45 AM | Likes Like |Link to Comment
  • In his first public speech as ECB chief, Mario Draghi - under enormous pressure to unleash a wave of euros over the continent - tells the EU to get busy, noting it's been 18 months since the summit that created the EFSF, four months after it was expanded, and four weeks after leverage was introduced (remember those rallies?), and the thing still isn't ready to go. "Where is the implementation of these longstanding decisions?"  [View news story]
    SB, thanx for quote replay ! A true gem ! gb
    Nov 20 01:34 AM | Likes Like |Link to Comment
  • In his first public speech as ECB chief, Mario Draghi - under enormous pressure to unleash a wave of euros over the continent - tells the EU to get busy, noting it's been 18 months since the summit that created the EFSF, four months after it was expanded, and four weeks after leverage was introduced (remember those rallies?), and the thing still isn't ready to go. "Where is the implementation of these longstanding decisions?"  [View news story]
    EFSF has NO banking license ! Needs that before it can even be funded to sell bonds an Merkal said NO. New treaty or nothing !
    Nov 20 01:33 AM | Likes Like |Link to Comment
  • QuickChat #214, November 18, 2011 [View instapost]
    OG, it doesn't take much. The Supreme Court rightfully gave Bush Florida as the final recount showed he edged Gore out,but, take the handful of Nader votes an give them to Gore an he would have been is President.
    The Election is not a national election. 44 states are set . it is the few battleground states and a right wing nut job like a Barr can siphon enough votes to flip a state ! gb
    Nov 20 01:28 AM | 2 Likes Like |Link to Comment
  • China flexes new military muscles an send US & the world a message ! Wen, talks tuff an their OPEC bartel deals are putting the US dollar reserve stsus ever closer to an end. tic tic tic tic  [View instapost]
    http://bit.ly/vQSjiX

    jr, here is a chart of Colone exchange rates. I opened a CD at my wifes credit union an the rate is 16% The colone/dollar was 597 ! Now look as dollar has tanked ! I am getting over 30% with the 16 and 17% dollar drop. Costa Rica has pegged it to 500 minimum or the dollar would drop more !

    The same thing with my Brazil 10 year bond an 6% bank account as REAL has gained value. Even my YUAN account in NY has gained 7% this year ! chao ,bob
    Nov 19 06:53 PM | 1 Like Like |Link to Comment
  • The 2011 Douche Bag Of The Year Award [View instapost]
    lower, good pick ! The GM deal was the worst ruling in history an will follow with allowing the Health Care Bill to be law ! F--ing sad ! gb
    Nov 19 06:49 PM | 1 Like Like |Link to Comment
  • The 2011 Douche Bag Of The Year Award [View instapost]
    still, that be Onasis ! " Always Keep a good tan an always use other ppls money !" lol

    I nominate Iran President. He knows > No nukes no Iran !
    Nov 19 06:42 PM | 2 Likes Like |Link to Comment
  • From Fall Melt-Up To A December To Remember [View article]
    If all small businesses had 1 set of books there would be no budget deficit ! Most have 3 ! One for the IRS one for the divorce lawyer an the real one when they sell the business !
    Nov 19 05:45 PM | Likes Like |Link to Comment
  • China flexes new military muscles an send US & the world a message ! Wen, talks tuff an their OPEC bartel deals are putting the US dollar reserve stsus ever closer to an end. tic tic tic tic  [View instapost]
    jr, you can go to most US large cities an open A Yuan account. BOC has many branches in the US an accounts are insured as any other bank. You might find Brazilian banks in the US too. There are Canadian banks in US cities too,but if you do travel it would be a good idea. As far as Cayman there too small a country for my taste an the US an IRS are pressuring them hard. We saw when a UBS worker leaked info and thousands of Americans were in trouble. I say do it legally as it is a 1 page document once a year an it goes to Detroit an not the IRS if you travel ........ bob
    Nov 19 05:31 PM | 1 Like Like |Link to Comment
  • QuickChat #214, November 18, 2011 [View instapost]
    If the choice was Barry or Wen.. I choose Wen !
    I go with the better capitalist an both use rendition !
    Nov 19 04:48 PM | 1 Like Like |Link to Comment
  • QuickChat #214, November 18, 2011 [View instapost]
    Now the "Donald" is making 3rd party noise. 4 way race an Obama wins 50 states !
    Nov 19 04:17 PM | 2 Likes Like |Link to Comment
  • QuickChat #214, November 18, 2011 [View instapost]
    Here is another chip in my OPEC - BRIC theory as China already trading with Iran an controlling Iraq.. Now brudda Vlad the destroyer getting into the mix.. And, we know he is finished with his old KGB days !

    http://bit.ly/uJXWZY/

    Geitner will not get the 20 years he wants ! neither will all of you ! lol
    Nov 19 03:45 PM | 4 Likes Like |Link to Comment
  • From Fall Melt-Up To A December To Remember [View article]
    low, just an old rule of thumb ! Every 10 bucks of oil price rise shaves 1/2 point off GDP. Last 2.5% GDP was 70 to 80 dollar oil ! Where is GDP in 2012 ? Not 2.5% ! Millions of private job layoffs on the way and Holiday hires goes away after holiday !

    And "IF" 2 letters but such a huge word ! ha ha ha ha . Compromise = s doom...........

    Follow Reagan the great ! Use you feet an find a real third world place to live as the US will be the largest one ever soon........gb
    Nov 19 11:10 AM | Likes Like |Link to Comment
  • In his first public speech as ECB chief, Mario Draghi - under enormous pressure to unleash a wave of euros over the continent - tells the EU to get busy, noting it's been 18 months since the summit that created the EFSF, four months after it was expanded, and four weeks after leverage was introduced (remember those rallies?), and the thing still isn't ready to go. "Where is the implementation of these longstanding decisions?"  [View news story]
    Yes TP, a giant dumping ground. When you dive you see garbage galore an living in Costa Rica.. The supposedly green eco tourist country an see smelters burning on the shore to float all those toxins into the bay scares the crap out of me. You are correct but only a billion are responsible not the other 6 ! lol
    Nov 19 08:18 AM | Likes Like |Link to Comment
  • China flexes new military muscles an send US & the world a message ! Wen, talks tuff an their OPEC bartel deals are putting the US dollar reserve stsus ever closer to an end. tic tic tic tic  [View instapost]
    jr, gold is good,but, many commodity based currencies are good too.
    The Yuan or Real, Norway Kronor or even Australia or Canadian dollars.

    I like many have a Yuan account ! Also I live by the border in Costa Rica an Panama as have a Colone account in Costa Rica.

    There are many ways to get out of dollars. As Warren Buffet also said get out. US multinational stocks work well,but, I like 10 year bonds in Foreign countries an just bought 10 year Brazilian bonds yielding 12.3 % an they deposit the interest into our Brazil bank account which is paying 6.13 % interest ,so, it is compounding an in Real ! The Real will grow as the Fed continues to print ! gb
    Nov 19 08:05 AM | Likes Like |Link to Comment
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