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Posted 05/25/2012 7:59 pm
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Who gets clubbed next with the ugly stick, Spain, Portugal, Italy, Finland an so on....
Who gets clubbed next with the ugly stick, Spain, Portugal, Italy, Finland an so on....
Is Finland in this group? Seems to me that the Nordic countries and Germany are doing quite well these days.
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I'm still scratching my head as to why there isn't a stampede into PMs.
I'm still scratching my head as to why there isn't a stampede into PMs.
Probably because we are still in Phase I, where fiat currency problems are addressed by jumping out of the ones that are perceived as being "bad" and jumping into the ones that are perceived as being "good". They are also jumping into US Treasury paper. Both US dollars and treasuries will become obvious stinkers as holdings when Phase II begins.
Of course, most of us recognize that there are no "good" fiat currencies right now. The Australian and Canadian currencies are pretty good now but the amount of them available is too small to be used all over the world.
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Or if the printing presses are fired up, PMS will shoot up.
Or if the printing presses are fired up, PMS will shoot up.
Roger that! PMs make great hedges against inflation and in spite of all of Bernankes' comments on how low inflation is, those of us who shop for the necessities of life are WELL aware that inflation is already higher than the Fed or the gov admits and will likely move higher still. I do not see any of our "leaders" doing anything that would really strengthen the US dollar and that is what it will take to slow the PM train. All of the actions that they are taking will weaken the US dollar and this is not an accident.
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I invest in US dollars. There's nothing wrong with them really. As long as it is a .999 silver $1 US we are cool.
I invest in US dollars. There's nothing wrong with them really. As long as it is a .999 silver $1 US we are cool.
Those Morgan and Peace 0.7734 ASW dollars are pretty sweet too.
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Saw a TV report which suggested that still about 70% of Greek people wish for their Country to remain within the Eurozone despite of the debt and austerity problems.
Saw a TV report which suggested that still about 70% of Greek people wish for their Country to remain within the Eurozone despite of the debt and austerity problems.
I'd be REAL careful about taking that at face value. We all know that the answer one gets to any question depends a lot upon whom is asked and how they are asked. Although the news coverage of events in Greece is pretty poor here in the US, comments coming out of there via the Internet do not seem nearly this positive. When people are so desperate that they are giving up their children because they cannot feed them, that is a situation that is about as bad as it gets. I just wonder how close to civil war Greece really is at this point.
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Looks like it may happen sooner rather than later. Is Spain next?
Looks like it may happen sooner rather than later. Is Spain next?
I dunno. Spain looks to be in pretty bad financial condition, alright, but then so are Portugal and Ireland. Could be a real toss-up among which of these will actually leave the EU. A country the size of Spain leaving would probably collapse the euro but they might be able to continue, even if a few of the smaller ones leave.
