Just Wanted to let the people looking at this thread know that i have started a thread on a new currency opp for us, The Sao Tome Dobra. We need everyones help on this. Thanks,JoeDHello Gang,
Great Point here OWS. I was in Lesson Today of the anaylist,commentators of the meeting Dinar Madness has pointed out above. As I had stated before this Currency Investments have been very inspiring for me. If I could go back to economics and learn that before I chose to learn women and failed, I might be alot richer Today. Just kidding about the women.
Now, in todays discussion on the decline of the Dollar, I have learnt it has its GOOD aswell as its BAD. I have really followeed OSW on this theroy of the Dollar decline. I wasn't upto knowledge of its true meaning. So what I have come to decifer here is trully amazing in my figures. I Hope that someone other than I will see this to their thought as well.
Good: Just because the Dollar declines against other currencies, isnt really at all Bad to the common person. (Like I was) From my learning today, all this means is abroad (Globally). Here at Home, it is really a good thing for the future of Blue Collar Workers. (like Me) The decline will actually bring our Jobs back home. Corporations dont like it, since alot of them have relocated in other parts of the world, but now while just have to reorganize their stradigy. The Commentators today say this is going to continue, the decline of the dollar, and if the Democrates when the Presidential in 2008, then next 2 decades could be very promising for the working Americans.
China: What else I learnt today is that China is Blocking their real value of their currency exchange rate. And all other Asian Country are using the same means to stay in the competion. And this is why the US is going there to inform and work with them, (If Possible) to have China realise that they need to stand on their own two feet and quit the unmorral to their own people as they do. China is the Most Powerful Country in the World along with the US and is still the poorest in most catagories. China has no regulations, like for the work force, enviroment, Older Community. The only reason the yen is Pegged to the Dollar is for competition with the US. Out of the US's 1 Trillion a year Trade, China Makes up 300 billion of it. China Buys out 25 Billion Dollars a month for this to Happen. Their own Currency Value is 50% under value.
OSW LOGIC: I see now why OSW stresses on not Cashing in to the Dollar. I mean your Dollar in my Opinion will be a Dollar here in the US. But abroad it will have no value. So the way I am understanding OSW with hanging on to the Dinars, is to if you cash in, to exchange in off-shore accounts to the Euro are the Yen. With the News I have Gained Today, I am wondering if the Yen will be better then with Euro Accounts. With the US stressing for China to come upto Par and being stated that they are 50% under value, then there is more to learn.
I hope I haven't confused anyone, but I am finding this Currency Field very Intriging for me. I am really enjoying learning what I am. I am just trying to share it the way I believe I am hearing it. By all means I am not a expert. God only knows I WISH I was. I will continue to learn in this arena until I get it right. Now If anyone can contribut to this, by all means Please do.
BTW, It was stated that the US Fed's will Most liklely being Lowering Interest Rates several times in 2007.
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21-12-2006, 02:29 AM #61
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21-12-2006, 03:14 AM #62
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Well, I have a customer that was in construction work building high rises. He fell 7 floors and recieved 1 million for each floor he fell. Of course the lawyer got half but the lawyer did set up something pretty good and these financial vehicles are out there if you know about them. They gave Prudential $1 million dollars for 20 years at 8 percent interest. The guy gets $8,000 a month and then gets his million back after 20 years. Not to bad except the million won't be worth a million in 20 years because of inflation, but he lives pretty good now.
Also, don't forget that Ford Motor Credit is paying 61/4 percent on their money market account and you use it just like a checking account. Of course the 61/4 percent is on $50,000 or more.
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21-12-2006, 07:26 AM #63
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NENO-- PMI private mortgage insurance protects the LENDER : not the borrower. PMI is usually on marginal loans( less than 20% equity ). To entice lenders PMI was developed to cover costs ( of foreclosing )because of the
increased risk.
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21-12-2006, 05:44 PM #64
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Privacy Rights Act
Good point,
But this is only a good strategy for those who want a stable return, and as you pointed out, due to inflation, the millions will not be worth a million in 20 years, but did you factor in the declining dollars value? That $8,000.00 monthly may only be worth $4,000.00 in purchasing power depending on what you are buying. As example, as dollar declines in value, and since we import a good majority of goods and services, this impacts the dollars purchasing power, so what was a good strategy yesterday may not be the best strategy for today.
Happy Holiday Season to all, Mike
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21-12-2006, 08:28 PM #65
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We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Warren Buffett
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27-12-2006, 10:35 PM #66
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Dollar doom
Dollar doom
Until recently the US Dollar has held a virtual monopoly grip over all the world’s main commodities markets. This has provided the necessary demand and currency support that interest rate tightening clearly cannot. This currency domination is coming to an end.
For several years now, the EU has been buying its oil from Russia in Euros. This year Iran opened its oil bourse and has been offering oil contracts denominated in Euros. From next month these contracts will no longer offer contracts in Dollars.
Last month, Russia opened its derivatives (oil products and gold) market to the world denos.minated in Ruble Yes, that’s right, the Russian Ruble is now fully convertible and the Russians don’t want Dollars for their vast resources any more.
This reduction in demand for US Dollars will put further pressure on an already flagging Dollar. The 30% to 50% ‘unavoidable’ devaluation in the US Dollar, forecast by the Organisation for Economic Cooperation and Development is now looking like happening sooner rather than later.
August 06 Analysis - The colour of moneyLast edited by chouchou; 27-12-2006 at 10:38 PM.
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27-12-2006, 10:44 PM #67
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27-12-2006, 11:58 PM #68
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Good question,
In my opinion, Russia is moving in the wrong direction, and if you have followed what is happening over there, you would not put a one dinar into the ruble or any other investment in Russia while under Putin's murderous rule. I am sure you heard about recent silent assasination of investigative reporter, and now a powerful banker who was also investigating money laundering in Russis, a both are now dead.
Or how about the outright theft of Russia's largest private oil company, Yukos, when you see what kind of blackmail and phoney arrest and conviction on tax fraud, you will be amazed. Putin ripped off billions and pulled the biggest scam in history on a private company and it is now part of Russia's state owned energy monopoly. In time, all this will come out, but for now, only insiders know what is really going on in Russia, but the problems are getting worse with more soon to be released.
In short, don't put one dinar into anything connected to Russia.
Happy New Year to All, Mike
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28-12-2006, 12:06 AM #69
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28-12-2006, 02:16 AM #70
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