Peso continues to fall

[Herbalizer]

YouTube - Marc Faber- US Government Will Go Bankrupt! 10/13/08

[Herbalizer]

Originally Posted by atlargex

Well, you seem to have a lot of opinion with what's ahead of US treasuries but have nothing to offer on how ppl can protect their assets.

The content of my posting is provided as general information only and should not be taken as investment advice. All my posts content shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed in my posts are solely the opinions of me.
Any action that you take as a result of listening to me is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

Got it?

[Teacher]

The best investment strategy for Now is to buy low and sell high! It has been tried and tested and proved to be a successful strategy for investors as long as I can remember. As for me an investment strategy whose primary goal is to prevent the loss of an investment's total value. But here is a thought while economies all around it are collapsing, South Africa's is gaining in strength. The rand is now one of the top four performers in the world and the demand for S African bonds are rising.
Anybody have other thoughts on this or any other ideas?

Oh! Herbalizer The one person I know that knows what he is talking about when it comes to investments is Atlargex> I may not always agree with him but I do have great respect for his ideas.

[TheDude]

I just can't believe how the dollar is blowing up. The currency is going crazy. I remember at one point the Brazilian Real was 1.6 and now it's at 2.3. The Canadian dollar is up to $1.26 and at one time it was worth more than the U.S. dollar. It might be time for a vacation to Brazil.

Oh, and Teacher, incidentally I was reading an article on the Brazilian Real and came across this snippet.

The currency dropped 5.9 percent to 2.379 per U.S. dollar at 5:08 p.m., from 2.2386 yesterday. Earlier, the real fell 6.6 percent, its biggest drop since Oct. 8. The real has dropped 20 percent this month, the third-worst performer among the 16 most- actively traded currencies, trailing only the South African rand and Mexican peso.

You might want to rethink your position on the Rand.

Bloomberg.com: Latin America

[Teacher]

Then we go to the majors.

Japanese Yen


Swiss Franc

[Coyotes]

Originally Posted by Teacher

Then we go to the majors.

Japanese Yen


Swiss Franc

EXTREEM SPORTS!!!!!!!!!
The Dollar and British pound is in free fall, when will they pull the rip-cord? hahaha so glad i'm out of it.

[Teacher]

Sterling plummeted by almost 6¼ cents against the dollar as investors abandoned the UK currency. For six years the world has been borrowing dollars to bet on property, oil, metals, emerging markets, and every bubble in every corner of the globe. Hence a wild scramble for Greenbacks which has shaken the global currency system and yesterday as the euro fell to $1.28, down from $1.61 in July. The slide in the Brazilian real, the South African rand, the Indian rupee, and the Korean won. UK banks have five times as much exposure to emerging markets as US and Japans banks, with surprisingly big bets in Latin America and emerging Asia.
Of course, much of the currency shift this year is a natural swing as the crisis rotates from the US to Europe and beyond. I am afraid to login on my computer anymore and find another foreign country in a tail spin. The spectacular dollar rebound has geostrategic implications. Heady talk earlier this year that dollar hegemony was coming to an end or indeed that the US was losing its status as a financial superpower now seems very wide of the mark.

Oh thanks or the word Timn8ter (hegemony)

[logicwings]

"U.S. debt now comes to about $59.1 trillion, or $516,348 per family of four"

As of 23 Oct 2008 the debt is approx 10 trillion, making the average dept each person approx $34,000. Where do you get 59 trillion?

[TheDude]

Originally Posted by logicwings

"U.S. debt now comes to about $59.1 trillion, or $516,348 per family of four"

As of 23 Oct 2008 the debt is approx 10 trillion, making the average dept each person approx $34,000. Where do you get 59 trillion?

That number comes from the unfunded liabilities of Social Security and Medicare. That means as of right now, the U.S. gov has these plans setup to pay out that much in the future but doesn't actually owe them right now. In other words, the U.S. could just cut the programs and never pay out the benefits.

I'm not a guru on the subject, but the 59.1 trillion dollar number is a gimmick IMO. That's more money than the entire U.S. is worth if you sold every available asset. The reality is that there is no way we can pay that debt and changes will have to be made to those programs. Actually, though Social Security is a big number, by far most of that debt is Medicare.

The real issue isn't the debt because we will never get there. The real issue is how soon will we tackle the problem and start making the needed questions.

USATODAY.com

[logicwings]

If you think McCain will win buy stocks, if you think Bear Market Obama will win...buy a safe.