Brexit Deal

Wattie

Member
Messages
2,275
That is a problem with Worldwide banking systems not just European. Hence the credit cruch crisis of 2008.
It’s more than that.
The financial crisis never went away.....just hidden under expanding debt, QE , political/central bank lies and the lowest interest rates in history.
It’s about to rear it’s ugky head again and it will be worse than the first one.The signs are there.
Central banks lowering rates (while they claim economies are strong!), stock markets are TOTALLY addicted to loose money (they’re about to start printing again cos if they don’t it’ll all come crashing down) and a race to the bottom in currencies......devaluation.

I suggest you all prepare.

Central banks have created a monster and they’re struggling to control it......and the one to watch is the FED. The American economy is a farce but it governs all others.
Put simply “Bad economic news” is now good for US stock markets as it means interest rate cuts and more QE......stock rise.
Why is Trump on theFeds case all the time...he wants to maintain the perception all is well through a “wealth effect”.......look at our marvellous stock market etc
It’s fake......indeed he stated this during his electoral campaign.


Good news on the economy is now a disaster, no QE, interest rate rises....stock markets tank as the loose money switches off. A normal market would fall under bad news.

Bad news is now good as interest rates won’t rise and QE will continue.....US stocks rise- insane!

The Fed is trapped and any talk of normalisation if it’s balance sheet is a LIE. It cannot....it tried last year and stocks fell 20% plus (December 18)..so it reversed its guidance......recovered losses.

It’s not if but when it all comes crashing down.

58204
 
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Nibby

Member
Messages
570
Gold. Always the safe haven when the currency market goes to sh*t.
When the GPO got privatised in the early 80s my uncle bought up loads of their stock at auctions, along with loads of spares that he sold back to BT over the years there was loads of relays that had platinum points and another metal called palladium,he made millions, the precious metal market was already buoyant at the time due to the Russians going into Afghanistan
 

GeoffCapes

Centenary Club
Messages
9,541
But conversely British goods extremely cheap.
Gold at £1400 ish in that case
This is the thing. If Gold prices are going up (in Sterling at least) then that suggests that the value of the pound is going down.
This is how it's always been and always will. It's a hedge.
Before the last financial crash due to sub prime mortgages gold was at record levels. A few years before that you could buy gold at $300 an ounce. I did.
When it peaked it was almost $1800 an ounce.

The commodities market is always the first place that will give you an indication of where the currency markets will go.
The currency markets will intern show you how the economy will go.
They are all linked.
And they are all linked to Brexit.

The pigeons are coming home.
 

midlifecrisis

Moderator
Messages
6,763
This is the thing. If Gold prices are going up (in Sterling at least) then that suggests that the value of the pound is going down.
This is how it's always been and always will. It's a hedge.
Before the last financial crash due to sub prime mortgages gold was at record levels. A few years before that you could buy gold at $300 an ounce. I did.
When it peaked it was almost $1800 an ounce.

The commodities market is always the first place that will give you an indication of where the currency markets will go.
The currency markets will intern show you how the economy will go.
They are all linked.
And they are all linked to Brexit.

The pigeons are coming home.
And the cows?
 

allandwf

Centenary Club
Messages
8,077
When the GPO got privatised in the early 80s my uncle bought up loads of their stock at auctions, along with loads of spares that he sold back to BT over the years there was loads of relays that had platinum points and another metal called palladium,he made millions, the precious metal market was already buoyant at the time due to the Russians going into Afghanistan
What a good deal for the tax payer!
 

Nibby

Member
Messages
570
What a good deal for the tax payer!
The lots went for auction, the highest bidder won, that's how they decided to start the process of privatisation
When he first bought up ex GPO stock no one was hardly interested, by the time the auctions were coming to a end in the mid-80s there were loads of people in on it, by this time it was mostly newer relays with silver contacts which were hardly worth cutting off.
 

Wattie

Member
Messages
2,275
Christine Lagarde to replace Mario Draghi as head of the ECB.
Seriously, is it in that much trouble they couldn’t find anyone with “credibility” to do the job?
No takers on this so I’ll remind you all.
A convicted felon will be running the ECB next.


She”ll need to be negligent as the Ponzi scheme does not require someone to take care when a duty to care exists. Anyone who cared would scrap the entire Eurozone failure.

So crime does pay and furthermore her appointment follows the appointment of an individual who wasn’t even on a ballot paper. Europe is a corrupt dictat.

And some wonder why some wanna leave?
FeKing astonishing.
 
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