Robdel » January 21st, 2015, 8:05 pm Backdoc,
I was thinking....(that's dangerous) a what if scenario.
Since many countries are considering doing what the Swiss did, wouldn't that make Germany jittery to get out before they are left holding the proverbial bag and lose their shirts/shorts/sock & Shoes?
I would not be surprised if tonight into tomorrow we see another shoe fall in the Eurozone!
I feel with each new step will bring more impactful repercussions as a 'run-on-the-bank' type event begins to hit.
And to those companies playing with derivatives, your next!
Backdoc: IMO GOOD THOUGHTS MY FRIEND! IF GERMANY EVEN BLINKS THE EURO IS DEAD.
THEY MAY BE COOPERATING SINCE THEY ALL KNOW THEY NEED TO BE AT PARITY NOW!
ONCE PARITY IS REACHED IT MIGHT LESSEN THE FINANCIAL CARNAGE ONCE THE DOLLAR, EURO, AND POSSIBLE GBP ARE EQUAL IF THE PLANS TO WALK AWAY FROM THE EURO INDEED HAPPEN.
WITH THE ROYAL MINT SELLING GOLD NOW AFTER 47 YEARS, MAYBE THIS IS A BEGINNING MOVE TO REDUCE THE VALUE OF THE GBP TOWARD PARITY TO THE DOLLAR AS WELL! TIME WILL TELL.
AT LEAST THEY ARE DOING IT RIGHT BY SELLING GOLD FIRST AND HOLDING DOLLARS SINCE DOLLARS ARE GOING UP AND GOLD IS GOING DOWN!! "THE NEW NORMAL AS IRAQ WILL DETERMINE", WILL INVERSELY AFFECT THE DOLLARS’ VALUE!!!
DID I JUST SAY THAT?
OK, SO NOW YOU KNOW WHAT I THINK ABOUT THE VALUE OF "BLACK GOLD”!
IF YOU REMEMBER TO THINK OF OIL AS A CURRENCY IT WILL BEGIN TO MAKE SENSE TO YOU!
ALL CURRENCIES ARE COMPARED ONE TO ANOTHER BUT IN THIS UNIQUE CASE THE DINAR IS BLACK GOLD ESSENTIALLY FOR NOW!
IT IS 100% COMPARED TO THE DOLLAR WITH BLACK GOLD BECAUSE THEIR ECONOMY HASN’T HAD TIME TO DIVERSIFY YET!
8@8, DOC IMO