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Post by Sigurdur on Mar 15, 2022 21:29:35 GMT
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Post by douglavers on Mar 16, 2022 0:59:01 GMT
I do not often comment on financial matters, although I am somewhat qualified.
However I think three extraordinary events appeared in the last few weeks;
a) The Fed Reserve trapped another country's assets within its system, for political reasons.
This will have large ramifications going forward. e.g. China might decide that holding dollar denominated assets was no longer sensible.
b) The LME voided several thousand nickel futures contracts because of an extraordinary price spike, since certain organisations had largescale
uncovered positions. The ramifications of this will be interesting, but the voiding will probably come to be seen as a very bad idea.
c) I suggested to a broker I use last June, that one of my points of interest for the 21_22 Financial Year [starting 1st July], was the meaning of the word
"transitory". A pundit might suggest that the Federal Reserve now has an interesting problem, having strongly suggested at the time that inflation was transitory.
The ECB has the same problem. Italian producer prices were last seen up about 30% year on year.
- Do they raise interest rates, probably sharpening an incoming recession, to control inflation.
- Do they continue to flood the European Financial Markets with cash from their bond-buying program. Cutting off the
liquidity supply might tip several countries into insolvency, but continuing will fuel inflation.
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Post by Sigurdur on Mar 16, 2022 2:35:28 GMT
2 things. The confiscation of wealth deposited in a "safe" country no longer prevails. This was a very bad move.
Other item: Saudi accepting yuan pricing of oil, India paying for oil with rupee.
BRIC countries are not doing sanctions.
We, in the US, are in grave danger of losing reserve currency status.
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Post by Sigurdur on Mar 16, 2022 2:46:09 GMT
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Post by code on Mar 16, 2022 20:30:35 GMT
I do not often comment on financial matters, although I am somewhat qualified. However I think three extraordinary events appeared in the last few weeks; a) The Fed Reserve trapped another country's assets within its system, for political reasons. This will have large ramifications going forward. e.g. China might decide that holding dollar denominated assets was no longer sensible. b) The LME voided several thousand nickel futures contracts because of an extraordinary price spike, since certain organisations had largescale uncovered positions. The ramifications of this will be interesting, but the voiding will probably come to be seen as a very bad idea. c) I suggested to a broker I use last June, that one of my points of interest for the 21_22 Financial Year [starting 1st July], was the meaning of the word
"transitory". A pundit might suggest that the Federal Reserve now has an interesting problem, having strongly suggested at the time that inflation was transitory. The ECB has the same problem. Italian producer prices were last seen up about 30% year on year. - Do they raise interest rates, probably sharpening an incoming recession, to control inflation. - Do they continue to flood the European Financial Markets with cash from their bond-buying program. Cutting off the liquidity supply might tip several countries into insolvency, but continuing will fuel inflation. How are you qualified? |
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Post by code on Mar 16, 2022 20:32:01 GMT
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Post by Sigurdur on Mar 16, 2022 20:43:07 GMT
One has to understand most of the countries of the world don't support the current US/Euro sanctions. US dollars, pre sanction, were down to 54% of world trade. When Saidi stated they would take yuan as payment for oil, and India said they would use rupies, that is a huge deal. Brazil and China have been discussing using yuan as payment for soybeans and corn. China/India recognize the cracks expanding. IF the dollar loses reserve currency, SWIFT banking will also be destroyed. This is now really serious stuff, seems the current administration hasn't been schooled in the potential repercussions. Ag trade is a big deal for me, and the country as a whole. Lose the $, and volatility increases dramatically. |
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Post by code on Mar 17, 2022 1:12:46 GMT
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Post by missouriboy on Mar 17, 2022 16:03:54 GMT
Anybody see a problem(s) with this? The end of cash?
Here's the Full Text of Biden's Executive Order on Cryptocurrency
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Post by flearider on Mar 17, 2022 22:10:21 GMT
Anybody see a problem(s) with this? The end of cash?
Here's the Full Text of Biden's Executive Order on Cryptocurrency
end of cash has been on the cards for a long time 70% of buys in the uk are card and growing .. only the poor can't afford cards .. be it debt or cc ... and thats the problem  no |
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Post by ratty on Mar 17, 2022 23:59:23 GMT
Anybody see a problem(s) with this? The end of cash?
Here's the Full Text of Biden's Executive Order on Cryptocurrency If Biden put all that together, I take back what I thought about his declining mental powers. He must have been faking the decline to catch people off guard.  |
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Post by Sigurdur on Mar 18, 2022 13:43:37 GMT
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Post by Sigurdur on Mar 18, 2022 14:44:22 GMT
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Post by douglavers on Mar 19, 2022 19:55:17 GMT
Code Mar!7:
MBA Finance Specialisation
Diploma of Financial Planning
Jobs include: money market dealer, fixed interest manager, options and futures trader
Fund manager
Investment Director of large insurance company
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Post by code on Mar 29, 2022 11:35:38 GMT
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no 
