Best Of The Best Share Discussion Threads

[traderabc] 13/10/2012 14:01

Welcome to India

[traderabc] 13/10/2012 13:51

Monetary Mayhem From Myanmar
By Chris Mayer | 10/12/12


I handed the cab driver a $10 bill. He held it with two fingers, as if he were holding a dead mouse by the tail, and looked at it doubtfully.

"Sir, this one is..." he paused, searching for the right words, "too old."

"Too old?" I said.

"Yes, sir. Do you have a new one?"

And so began a little game played throughout Myanmar. The Myanmarese are very particular about the appearance of the US currency they accept.

[traderabc] 13/10/2012 11:35

Thoughts From Madrid

by craig on October 13, 2012 9:57 am in Uncategorized

I got back to Ramsgate last night, and I am trying to arrange to fly to Accra tonight. I pause to note down the train of thought that went through my mind as I left Madrid. I should start by saying I have no expertise on Spain at all; having by some strange chance been there less often than to any other EU country!

I was there as a guest of INSEAD, and in consequence living in great luxury at the Villa Real hotel, right next to the Spanish Parliament on the Plaza de las Cortes, and very nice it is too. Watching the politicians, lobbyists and senior businessmen in the expensive bars and restaurants of that area, and the ladies shopping in the designer boutiques off the Calle Mayor, there was no clue at all that Spain was in any kind of economic difficulty.

Except for one – the quite extraordinary police presence everywhere. There were more policemen than tourists in the Plaze de las Cortes, and more policemen around our hotel than around the Ecuadorean Embassy in London.

[2bung] 13/10/2012 11:33

Must agree with the above.

[traderabc] 13/10/2012 10:51

Max Keiser on rigged markets destroying economies (11Oct12)

[traderabc] 13/10/2012 10:44

Nigel Farage TROUNCES Media Talking Head on EU Nobel Peace Prize

[traderabc] 13/10/2012 10:38

Rogers gets a mention at the beginning.

Ron Paul on CNBC Bluntly Refuses to Back Romney

[traderabc] 12/10/2012 20:12

Bitcoin 2012 | Documentary

[traderabc] 12/10/2012 19:36

I Vote For Shooting Bankers

by craig on October 11, 2012 7:10 am in Uncategorized

Not content with focusing public ire on those social spongers who have the temerity to be unemployed or disabled, government has scored a great populist coup, and caused great rejoicing in the land of the tabloids, by decreeing that it is quite acceptable to kill burglars with machine guns, rocket propelled grenade launchers, tactical nuclear weapons or any of the other items the British householder keeps by them for such an emergency.

But if a burglar were to strip my home of its entire contents, it would not reach a tenth in value of the money that is going to be taken from me in taxation by government for the rest of my life to fund the bank bailouts in which my cash was given to reckless and incompetent bankers to cover their gambling losses.

Not only have they taken all my money, the majority of the money I shall be paying to cover it for the rest of my life, will consist of interest to the bankers because the government borrowed at interest from the bankers the money it then gave gratis to the bankers to bail them out.

And, as doubtless you will have noticed, nothing changed. No reduction in massive salaries and bonuses, no split of casino from high street banking, no transaction tax to deter multiple speculative trades. A million more unemployed, but none of them investment bankers – they have however sacked over a hundred thousand mostly female staff from their high street branches, which were the only sensible and profitable bit of the operation. No bankers in jail, not even for LIBOR fraud. Quantitive Easing, or printed money, is given not for infrastructure projects to produce growth, but given to banks to improve their liquidity. They do not lend it on to companies but pay it to themselves, as bonuses.

[traderabc] 12/10/2012 19:08

Jim Rogers: Nobel Prize has become a Farce ~ They Are Deranged
What a farce the Nobel prize has become this is almost embarrassing says Jim Rogers commenting on The Nobel academy decision to give the 2012 Nobel peace prize to the European union for allegedly bringing nations together ,EU should give itself a price in creating poverty and suffering. EU : We toke what was one of the most democratic preposterous and safest places on earth. And turn it into a place of dictatorship, totalitarianism, teargas and riots. Embrace the glory of the totalitarian multicultural state.

[traderabc] 12/10/2012 19:05

Nigel Farage on the Rise of UKIP, the fall of Europe and the parallels in the US

[traderabc] 11/10/2012 20:54

Nigel Farage: Cameron cons UK, hides massive budget black hole

[traderabc] 10/10/2012 12:46

Torturing the Iranian People - Groceries Skyrocket


For many Western nations, torture of the Iranian people via economic sanctions is official policy. The tragic impact on the Iranian people offers a concrete example of why diversification of the means of storing wealth is such an important topic.

Grocery prices in Iran are skyrocketing, as the Iranian currency, the rial, loses purchasing power. Commenting on Syria and Iran Under Attack, Families Turn to Gold for Stability, we quoted the June 28 Financial Times (FT), reporting on the effect of the swings in currency value on families in Iran:
Sanctions... have pushed the price of chicken up 30% over the past week alone. Prices for other staples are soaring, including grains, up 55.8%; fruits, 66.6% and vegetables, 99.5%.

https://wealthcycles.com/blog/2012/10/09/torturing-the-iranian-people-groceries-skyrocket

[traderabc] 08/10/2012 12:50

Jim Rogers On Investing In Agriculture & Commodities

[traderabc] 06/10/2012 10:48

Marc Faber vs. Jim Rogers Conversation CNBC 10_4_2012

[traderabc] 04/10/2012 10:56

How Does a Currency Drop 60% in 8 Days? Just Ask Iran


In case you were wondering, this is what an economy dying looks like. More specifically, it's what a currency dying looks like. It turns out the latter implies the former, as Iran is quickly finding out.

The chart below compares the official and black market exchange rates between the Iranian rial and the U.S. dollar. The official rate is the fiction the regimes wishes its people lived with, and the black market rate is the fact they actually live with.

[traderabc] 03/10/2012 16:25

Wednesday, October 3, 2012
[Video] China : Soft Landing or Hard Crash ?
Jim Rogers, chairman of Rogers Holdings, says that the Chinese government wants to have real estate hard landing and that they probably will but other parts of the Chinese economy will continue to boom , so it all depends on the sector "Anybody who deals with the wrong sectors is having problems some very bad problems some moderate problems but others as I said are booming " says Jim Rogers

[traderabc] 01/10/2012 18:05

Jim Rogers : Protect Yourself by Owning Real Assets
Jim Rogers Money News Interview 9 27 2012 " ...If Spain goes bankrupt out of the blue everything goes down for a while and there will be consolidations around the way , but yes they're gonna print more money , Kathleen either the world economy is going to get better and commodity is going to go up because of shortages or they're going to print more money and throughout history when they printed a lot of money you protect yourself by owning real assets ....

[traderabc] 01/10/2012 16:55

A tax prank goes viral when activists present Britain's top tax man with the "golden handshake." Atika Shubert reports.

[traderabc] 01/10/2012 16:53

LIFE AFTER THE STATE
BY
DOMINIC FRISBY

[traderabc] 01/10/2012 00:36

Great Economies are based on Saving & Investing Not on Consumption

[traderabc] 01/10/2012 00:34

cheers spek

Jim Rogers On Investing in North Korea, Zimbabwe and much more

[spekky] 28/9/2012 13:52

traderabc

Keep up the good work.I read the thread regularly.

[2bung] 23/9/2012 22:10

Well i'm getting hammered with shorts, seems like the market wants to run and run