Best Of The Best Share Discussion Threads

[notanewmember2] 20/12/2009 23:49

Hyperinflation in food stamps. Just another IOU. What the hell are they backed by? What intrinsic value do they have? What happens when businesses stop accepting them?

[traderabc] 20/12/2009 20:23

You're welcome 2bashful, I hope you found something of use here.

[traderabc] 20/12/2009 20:04

& may there be a thousand more..

Rogers Turns On A Dime

By
Padraig O'Hannelly

Published in Investing Strategy on 18 December 2009

Or more accurately, on the dollar. Guess what he thinks of sterling!

Yes, Jim Rogers has been doing the interview rounds again, having extended interviews with Bloomberg and CNBC in particular, and he's as outspoken and entertaining as ever.

And what has surprised many is the fact that he's expecting a short-term surge in the dollar. His thinking is contrarian: He's seeing everyone taking a shot at the dollar and deciding it must be time to buy.

[2bashful] 20/12/2009 09:37

I would also like to say great research Traderabc.

Have been looking in regularly for quite some time and would like to thank you for your work.

Have been meaning to thank you for some time - sorry for the delay.

[traderabc] 19/12/2009 11:36

Let's hope not. Happy crimbo homeboy.

[homeboy35] 18/12/2009 22:14

merry xmas....could be the last one!

[traderabc] 18/12/2009 19:49

The Debt Bomb

Puru Saxena
Dec 18, 2009

BIG PICTURE- “It’s a question of how do you achieve the deleveraging. Do you go through a long period of slow growth, high savings and many legal problems or do you accept higher inflation? It would ameliorate the debt bomb and help us work through the deleveraging process” – Kenneth Rogoff, Professor of Economics at Harvard, Former Chief Economist at the International Monetary Fund

Make no mistake; the developed world is drowning in debt and as outlined above, there are only two viable options – a global economic depression or very high inflation. It is our contention that the policymakers have chosen the latter option and over the following years, we will experience the trauma of severe inflation.

[traderabc] 18/12/2009 19:23

'do think these things through.'


I do, carefully: expect price inflation for several years across the commodity spectrum. Expect a 'crisis' far bigger then the last, expect a weak stockmarket, expect the implementation of a 'new world order', expect war. I could go on but I'm sure you get the picture.

Be prepared...

[traderabc] 18/12/2009 19:15

Gold: how high will the price go in 2010?
Gold rose to a record high in 2009, but can it continue to rise above the $1,200/oz level, or will it fall back?


By Paul Farrow
Published: 11:56AM GMT 15 Dec 2009



World's largest solid gold brick weighing 220kg (485lb) Photo: AFP/Getty
Jeffrey Nichols, managing director of American Precious Metals Advisors

"Notwithstanding the recent correction – and the possibility that gold may yet fall further before bargain hunters and other buyers (including central banks) reappear – the four pillars of gold-price strength remain intact.

They are inflation-fueling US monetary and fiscal policies; Central bank reserve diversification with the official sector being a taker rather than a supplier of gold in 2009 and the next few years; expanding retail and institutional investor participation in the United States, China, and around the world; and declining world gold-mine production.

[careful] 18/12/2009 19:05

food is so easy to grow if it gets dear.
global warming will make the world much more productive.
just plant the seeds and up it comes...magic.
the uk could become one great vegetable plot for almost no cost.
we could all get rich.(i think not)
too easy to produce surpluses.

do think these things through.

[traderabc] 18/12/2009 18:55

Another cheery forecast....

Thursday, December 17, 2009

2010 Food Crisis Means Financial Armageddon
by Eric deCarbonnel



If you read any economic, financial, or political analysis for 2010 that doesn’t mention the food shortage looming next year, throw it in the trash, as it is worthless. There is overwhelming, undeniable evidence that the world will run out of food next year. When this happens, the resulting triple digit food inflation will lead panicking central banks around the world to dump their foreign reserves to appreciate their currencies and lower the cost of food imports, causing the collapse of the dollar, the treasury market, derivative markets, and the global financial system. The US will experience economic disintegration.

[traderabc] 18/12/2009 12:06

Jim Rogers: Dollar Rally Dead Ahead

Famed contrarian investor Jim Rogers believes pessimism over the buck will lead to a short-term dollar rally.

[traderabc] 18/12/2009 11:49

Fund and Rovi, thanks for the encouragement.

[rovi57] 18/12/2009 11:07

great board, added to my favorites, thanks rovi

[traderabc] 18/12/2009 10:56

India food prices hit 10-year high



India is grappling with rising food prices


Food prices in India have risen to a high of nearly 20% over last year, the highest rate in a decade.

The federal finance minister Pranab Mukherjee has said the government was planning to import food to ease prices.

A short supply of food due to lower farm produce following drought and floods has led to the rising prices.

Overall inflation in India has risen to 4.78% in November, up from 1.34% in October. Economists say this could trigger a rise in interest rates.

Correspondents say that the price rises are bound to increase concerns that poorer people in the country may be more exposed to food shortages and malnourishment.

Finance minister Pranab Mukherjee said that the food prices were an "area of concern."

[traderabc] 18/12/2009 10:47

Robert Scheer's Columns
Wall Street’s Fat Cats Are Still in Charge
Email Print Share
Posted on Dec 15, 2009
AP / J. Scott Applewhite



Fat cats go to the White House: From left, Bank of New York Mellon Chief Executive Officer Robert Kelly, U.S. Bancorp Chief Executive Officer Richard Davis and PNC Chief Executive Officer Jim Rohr talk to reporters outside the West Wing on Monday.


By Robert Scheer

Most Americans now know that Wall Street bankers are so greedy as to never be trusted, and I suppose it is a sign of progress that our president now seems to grasp the obvious. How depressing, though, that a man who was elected as a consequence of one of the boldest grass-roots populist campaigns in this nation’s history should now feel obligated to offer the disclaimer that “I did not run for office to be helping out a bunch of fat cat bankers on Wall Street.”


But whatever his intentions, Barack Obama has in fact accomplished just that, to the immense anger of the public that elected him. Thus, it is understandable that, in his “60 Minutes” interview last Sunday, Obama lashed out at the ingrate bankers whose greed he had served but who have failed to seriously increase lending or forestall foreclosures and instead shamelessly pocketed the cash the government threw their way:

[traderabc] 18/12/2009 10:44

American Purgatory



Greg Simmons and Brett Buchanan
www.realityarbiter.com
Dec 17, 2009

Are financial markets a direct reflection of the overall health of a nation? I wish they were not, but I fear they are.

I wonder at times if our nation has entered a state of purgatory - all of us mulling around in the waiting room to Hell, anxiously counting the minutes until the grim reaper saunters through the door sickle in hand his mission to send us off to eternal damnation. Unfortunately, there is little time to close this door so that we may stave off this potential fate that looms so near. What we need to alter this course is a procession of men who possess moral fortitude and common sense, men of rationality and reason. Men of action who will set in motion the dismantling of institutions that bleed this nation dry.

Hope is not a strategy. This present state of manufactured optimism emanating from the White House and our news outlets is contemptible. We are in dire need of new reformist leadership and of new voices that will speak the truth. A national purification is long overdue. Time is not on our side. Look at the track record this nation has racked up over the last few decades and this economic and moral purgatory in which we find ourselves might very well mark the beginning of our walk of death down the long road to Hell.

[traderabc] 18/12/2009 10:43

One more Dance before Midnight Strikes

Gary Dorsch
Editor Global Money Trends magazine
Dec 17, 2009

“As the old saying goes, what the wise man does at the beginning, fools do in the end,” said Warren Buffett, at Berkshire Hathaway’s Annual Meeting, in May 2006. “It’s like Cinderella at the ball. You know that at midnight everything’s going to turn back to pumpkins and mice. But you look around and say, one more dance, and so does everyone else. Everyone thinks they’ll get out at midnight. The party does get more fun, dance partners get prettier, - one more glass of champagne. And besides, there are no clocks on the wall. And then suddenly, the clock strikes 12, - and everything turns back to pumpkins and mice,” the sage of Omaha said.

[fund1] 17/12/2009 22:04

Great thread traderabc.Are you invested in Pysical Gold and Silver?
Also are you in any gold or silver stocks?

[traderabc] 17/12/2009 21:50

This is an advert for the AFF

Wednesday, December 16, 2009
Jim Rogers Key speaker at The Asian Financial Forum 2009


The Asian Financial Forum in 2009, carrying the theme The Changing Face of Asia, concluded successfully with meaningful exchanges among financial services leaders and experts from around the world. The feedback from the event has been very encouraging. More than 1,100 financial players and business leaders plus almost 300 journalists and media representatives from 28 countries and regions joined the AFF. More than one third of them were from the Chinese mainland, Taiwan and overseas. According to our survey, over 90 per cent of the participants were very satisfied with the event, and they have acquired the latest financial and market information and established useful business contacts.

[traderabc] 16/12/2009 23:25

As Good As Gold

John Browne
Dec 17, 2009

As the price of gold has pulled back from its recent run up to $1,200, many investors are left to ponder what exactly drives the movement of such an important and financially sensitive commodity.

Most people are aware that gold prices respond to inflation expectations and that central banks, as the largest holders of gold, are big players in the market. But there is a very murky understanding as to why and how these players affect prices, and what their ultimate goal may be.

Although I profess no great insight into how central bankers from Bombay, Berlin and Beijing are looking to manage the global gold market, a better understanding of how our current system came to be provides some clue about gold's recent behavior.

[traderabc] 16/12/2009 12:46

That US $ is going down, right down......

Gulf petro-powers to launch currency in latest threat to dollar hegemony


Ambrose Evans-Pritchard
London Telegraph
Wednesday, Dec 16th, 2009

The Arab states of the Gulf region have agreed to launch a single currency modelled on the euro, hoping to blaze a trail towards a pan-Arab monetary union swelling to the ancient borders of the Ummayad Caliphate.

“The Gulf monetary union pact has come into effect,” said Kuwait’s finance minister, Mustafa al-Shamali, speaking at a Gulf Co-operation Council (GCC) summit in Kuwait.

The move will give the hyper-rich club of oil exporters a petro-currency of their own, greatly increasing their influence in the global exchange and capital markets and potentially displacing the US dollar as the pricing currency for oil contracts. Between them they amount to regional superpower with a GDP of $1.2 trillion (£739bn), some 40pc of the world’s proven oil reserves, and financial clout equal to that of China.

Saudi Arabia, Kuwait, Bahrain, and Qatar are to launch the first phase next year, creating a Gulf Monetary Council that will evolve quickly into a full-fledged central bank.