tag:blogger.com,1999:blog-4490468598422095060.post4253168279233183043..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Open ForumFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-4490468598422095060.post-50049369843342531242010-03-22T15:37:51.641-07:002010-03-22T15:37:51.641-07:00>>Exactly Mike. It disgusts me to see a coun...>>Exactly Mike. It disgusts me to see a country issuing debt in a currency other than its own.<br /><br />It seems to me from a market perspective a country should always borrow in a foreign currency. Then investors would not need to worry about their debt being monetized.mikedhttps://www.blogger.com/profile/13981067672117897379noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-64290139487324683412010-03-20T20:17:39.430-07:002010-03-20T20:17:39.430-07:00Follow the oil (and gas?) money?
FOA (9/23/2000; ...Follow the oil (and gas?) money?<br /><br />FOA (9/23/2000; 9:26:10MD - usagold.com msg#39)<br />ONWARD!<br /><br />"You see, in our day, in our time oil and gold will never flow in the same direction. Both price wise and physical wise."<br /><br />(Longer extract below)<br /><br />"High-stakes Eurasian Chess Game: Russia’s New Geopolitical Energy Calculus Tectonic Shift in costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-16983876168128243512010-03-20T18:09:52.852-07:002010-03-20T18:09:52.852-07:00Did the Euro have some challenges along the way? Y...Did the Euro have some challenges along the way? Yes indeed.<br /><br />5/3/98 ANOTHER (THOUGHTS!)<br /><br />"The urgent drive to create a new "reserve currency" began in the early 80s, after the last small "gold war". The road to making this new Euro did never include gold in large amounts, until the last few years! Even one year ago, the news would say, 5% or less. costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-31117954276772437582010-03-20T18:09:31.499-07:002010-03-20T18:09:31.499-07:00Martijn,
A/FOA were quite clear that China is wit...Martijn,<br /><br />A/FOA were quite clear that China is with the EU/ECB/BIS in the Euro Freegold project.<br /><br />FWIW I think that some very bright people are still locked into an outmoded paradigm ie. the single, hegemonic reserve currency. In other words the US$ model.<br /><br />IMHO this is where we part company with these fine folks. A free market in gold, pure transactional fiat costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-70831137669332209022010-03-20T07:08:16.315-07:002010-03-20T07:08:16.315-07:00Jim Rogers argues that the Yuan could become the n...<a href="http://www.youtube.com/watch?v=E4c2lshL000" rel="nofollow">Jim Rogers</a> argues that the Yuan could become the new reserve currency replacing the dollar.<br /><br />This has been discussed here before. The Yuan is another fiat and would shift the advantage of printing from the West to the East, which will not be applauded by most powers.<br /><br />However, I would still give this a Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-75339746975943139502010-03-20T03:41:40.518-07:002010-03-20T03:41:40.518-07:00A government should not engage in speculation on e...A government should not engage in speculation on exchange rates. A government should not borrow money with promisses to deliver to foreign entities that show little regard for sound accounting. Nor should they use the same institutions to hedge exposure (see point 1, this exposure should not even exists at the first place). And at last, a government should not lie to the constituents about the Unknownhttps://www.blogger.com/profile/11117071924639911917noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-7404984512833190182010-03-19T22:19:15.996-07:002010-03-19T22:19:15.996-07:00i have been to Portugal many times in life and let...i have been to Portugal many times in life and let me tell you i am not surprised they are having debt issues.<br /><br />you can go up and down the entire country and you will not find any production other then the old generation working the farmland. no factories, unless its cement related.<br /><br />Portugal is very poor because they continuously exchange money that was made from either a Mikehttps://www.blogger.com/profile/17801046198211810990noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-22591266927861020282010-03-19T20:57:39.181-07:002010-03-19T20:57:39.181-07:00One could wonder, did Portugal have the ECB's ...<i>One could wonder, did Portugal have the ECB's blessing to do this special "deal with the devil", er, I mean Goldman Sachs?</i> <br /><br />Agreed. And I'm quite sure they did.<br /><br />Selling in dollars is obviously shorting the buck. I tend to believe that the eurozone's fiat on this is a sure thing.<br /><br />Apart from that it allows for an extra dollar debt and Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-84502435741549871832010-03-19T17:34:07.495-07:002010-03-19T17:34:07.495-07:00Aleksandar,
Can I throw my two cents worth in wit...Aleksandar,<br /><br />Can I throw my two cents worth in with FOFOA's response?<br /><br />"One could wonder, did Portugal have the ECB's blessing to do this special "deal with the devil", er, I mean Goldman Sachs?"<br /><br />I would suggest issuing debt in US$ was done with the ECB's <b>active encouragement</b>. IMO the tip off will be if other indebted members costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-21245555387909567182010-03-19T17:16:20.624-07:002010-03-19T17:16:20.624-07:00Hello Alek,
"It disgusts me to see a country...Hello Alek,<br /><br /><i>"It disgusts me to see a country issuing debt in a currency other than its own. They take the benefits but not the responsibilities of euro membership."</i> <br /><br />Forgetting for the moment their past transgressions, I see this issue of "buck bonds" a little differently.<br /><br />Yes, Portugal is selling "buck bonds" through GS, FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-51868735167079016462010-03-19T16:42:52.013-07:002010-03-19T16:42:52.013-07:00Exactly Mike. It disgusts me to see a country issu...Exactly Mike. It disgusts me to see a country issuing debt in a currency other than its own.<br /><br />They take the benefits but not the responsibilities of euro membership. They screwed us on the introduction of the euro, when in the West we had instant inflation, while now the euro is inconvenient when the time comes to pay up.<br /><br />Typical for politics. But I am still waiting for the Unknownhttps://www.blogger.com/profile/11117071924639911917noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-7676807492826968102010-03-19T12:31:16.900-07:002010-03-19T12:31:16.900-07:00or we can say that issuing in us dollars is the ea...or we can say that issuing in us dollars is the easiest way to allow the wall street gang back in since they have been shunned form the euro offers.<br /><br />Portugal and other similar countries might be just looking for anyone to buy their debt and what better way to offer then in dollars.Mikehttps://www.blogger.com/profile/17801046198211810990noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-68123073024995502472010-03-19T09:03:08.782-07:002010-03-19T09:03:08.782-07:00Could we say that issuing in dollars helps in buyi...Could we say that issuing in dollars helps in buying the USD some time?Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-9848707872017363842010-03-19T08:44:02.711-07:002010-03-19T08:44:02.711-07:00FOFOA,
Any thoughts on the us of procedural vote ...FOFOA,<br /><br />Any thoughts on the us of procedural vote in DC to ram through healthcare. Reminds me of Justice Roberts scathing remarks about being upbraided by Obama at the SOU. Furthermore any insights into the strategy of France / Germany playing good cop bad cop. Also this week Portugal - yes Portugal - is issuing dollar denominated debt. Is this an attempted replay of the Brady bond - Shttps://www.blogger.com/profile/05174134063094011064noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-68160554330442097312010-03-19T05:08:26.265-07:002010-03-19T05:08:26.265-07:00This Zürich Cantonal Bank warrant called RUNNER on...This Zürich Cantonal Bank warrant called <a href="http://www.cu3.ch/zkb/mail/files/derivate/Produkt_der_Woche_KW-11.pdf" rel="nofollow">RUNNER on worst of ZKB Gold ETF / ZKB Silber ETF / ZKB Platin ETF / ZKB Palladium ETF</a> is kind of interesting.<br /><br />I carries a guaranteed coupon of <b>16.5%</b> and is based on the <a href="http://www.zkb.ch/de/startseite/privatkunden/anlagen_und_boerseDesperadohttps://www.blogger.com/profile/16215858025835016523noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-11401966336268093612010-03-18T22:15:39.203-07:002010-03-18T22:15:39.203-07:00From "The Road to Hyperinflation", linke...From "The Road to Hyperinflation", linked above...<br /><i>if a bank has made bad loans, then we should let it fail. Failure is part of capitalism. Individuals and businesses that have deposited their money in this bank and, therefore, made a wrong decision, should also lose their money. Simple and logical, this is what capitalism is all about.<br /><br />Unfortunately, governments and Tyronehttps://www.blogger.com/profile/04226876002855072090noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-53016547704129790962010-03-18T20:41:25.640-07:002010-03-18T20:41:25.640-07:00Muse,
"Central Banks held 40% of their curre...Muse,<br /><br />"Central Banks held 40% of their currency reserves in gold. Consider now that most CB's hold well under 10% of their reserves in gold."<br /><br />..... and that 10% may be 10 times as much as they need. OR<br /><br />"Central Banks held 40% of their currency reserves in gold" .... and as <b>every</b> currency was on a gold standard 100% of their reserves costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-34544717947088204942010-03-18T19:36:31.438-07:002010-03-18T19:36:31.438-07:00Central Banks Rapidly Accumulating Gold: What'...<a href="http://truthingold.blogspot.com/2010/03/central-banks-rapidly-accumulating-gold_18.html" rel="nofollow">Central Banks Rapidly Accumulating Gold: What's the Message?</a><br /><br />"It will take some time and a considerably higher price of gold in order to accomplish a gold-backed currency system. Historically, when the world has operated under such a system - which was really Indenturehttps://www.blogger.com/profile/01765884399143814933noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-83582872358140725802010-03-18T17:57:29.052-07:002010-03-18T17:57:29.052-07:00If you shoot somebody with a gun, you go to jail; ...If you shoot somebody with a gun, you go to jail; on the other hand, if you shoot somebody with an "exotic instrument" - well, what's the problem?seeweedhttps://www.blogger.com/profile/09753054616811538206noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-75264220019065862252010-03-18T16:37:26.716-07:002010-03-18T16:37:26.716-07:00At the risk of preaching to the choir......
"...At the risk of preaching to the choir......<br /><br />"In conclusion, let us reiterate: “Don’t say you haven’t been forewarned.” But of course, this warning is just as good as giving a moralizing speech about drinking in a packed bar – no one would listen anyway. However, you have been warned – protect yourself, buy gold!"<br /><br />The Road to Hyperinflation<br />by Alar Tamming, costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.com