Posts by "cat0nip"

The leader of Finlands euro-skeptic True Finns, Timo Soini, backtracked on signals he may be willing to discuss a rescue plan for Portugal amid signs his party wont compromise on its opposition to European bailouts.

Soini on April 30 told Finnish broadcaster YLE that he would be open to negotiations on bailing out Portugal, which last month became the third euro member to seek aid after Greece and Ireland. The True Finns second in command, party secretary Ossi Sandvik, told Bloomberg last week compromise is certain, signaling it may accept a Portuguese rescue in exchange for agreements on job creation.

This didn't push up Eur relative strength.

Every greenback bill ever printed - real old fashioned cash - is possession of the FED. I wonder why should the FED make their possession worthless?
Or: does the FED really print greenbacks? No. It doesn't.
When will the FED's possession , USD cash, jump to infinite in value?
When all the virtual money becomes worthless. Then cash is mega king.
Those who stashed physical silver and gold will have to sell it for a handful of bucks.
Ferdinand Lips, the late Swiss banker, had warned of that : one day trillions of virtual money
will disappear in a black hole .
Lips had always favored gold backed currencies.

While hoards of panelists talking funeral of USD a far more important messages were overseen:
a few days after ECB member Stark babbled "strong Irish economy" Ireland lowered GDP outlook
and its ability of pay back bailouts became as questionable as it has always been for those who can do basic arithmetics. Ezone banking system requires more ECB blood transfers and Greece is bankrupt. Spain and Portugal GDP falls, Italy industrial production falls, inflation explodes.
Wait and see which currency the undertaker buries first. My bet stands: the Eur will be long forgotten when the dead USD rallies.

It's only and only Merkel's transfer union that keeps Eur from collapse.

Quingu
hard to believe ...
if RMB is appreciated 2- 5% to the USD the reserves and UST assets will also lose 2-5% in RMB.
This doesn't make sense thus the most probable consequence is USDx raises also 2-5%. If that is so, China makes after all an effective move to quell inflation. Commodities would drop significantly.