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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (80205)	9/24/2011 2:25:05 AM
From: elmatador	1 Recommendation Respond to of 217769

How the cavalry would ride to EU's rescue? Too much turmoil as the arrangements were discussed. It is taking shape now. "The joint statement issued by finance ministers and central bankers belonging to the G-20 and gathered in Washington on the occasion of the semi-annual IMF and World Bank conferences this weekend, was a response to the dramatic stocks drop on" And they will act for sure. Why? you maybe asking. Either they jointly right the EU ship or they will face the conditions, later on as it crashes is no longer avoidable, to be rescued. Message 27639696

To: TobagoJack who wrote (80205)	9/24/2011 11:51:38 AM
From: Maurice Winn	2 Recommendations Read Replies (2) \| Respond to of 217769

Gold at 1:1 with Dow? Look back 140 years and we can see that when share markets are manic, with irrational exuberance and shoe shine boys, the ratio of Dow to gold is 30:1. When people are chastened, fearful, genuinely remorsefully sorry, reconsidering the tenets of Buddha, the existentialism of Sartre and the saving Grace of Jesus, the ratio of Dow to gold touches 1:1 briefly. That is a considerable spread between hubris and depression which is about how much one would expect for such emotional extremes. 1:1 has happened only twice, barely, and for a brief time, before the banality of existence returned and people once again put their shoulder to the wheel, nose to the grindstone, ear to the ground, feet on the ground, back to the wall, eyes on the ball, to face the world with their head in the clouds. With expanding world record bigger than ever debts and profligate spendthrift wastrelism and with the "solution" to the "problem" still considered to be how to keep legions of government spivs in the manner to which they have become accustomed, while the indebted remain whole while their mortgagees stay solvent and profitable, and VVV a bit of a giggle [as seen right here by all], and Dow:gold at a slightly chastened but not genuinely remorseful 7:1, there could well be some further education to be experienced about genuine Virtuous Victorian Values. One of those 1:1 times was in the depths of The Great Depression, with a gold standard. The other was during the second oil crisis when recycling petrodollars was a worry, there was no gold standard. Dilution and inflation were popular. Volker increased interest rates until speculative mania was traumatized in 1987. Traditionally, the way to repay unpayable loans is to rob savers. Anyone holding a dollar is holding a promise to pay, aka a debt. If that debt is unpayable because dilution is rapid to maintain spending by the owners of the pixelation process, then swapping those promises for something more tangible such as gold could become popular, especially if people think there will be a return to a gold standard, which there won't be. National and international debts are not resolved, so we can expect plenty more fun. 1:1 is not a limit. I saw a photo of part of Mogadishu yesterday - the value of the buildings looked to be about zero. Parts of Detroit are valued in a similar way. The final painting of Thomas Cole is like the Acropolis en.wikipedia.org Mqurice