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03-05-2014, 09:06 AM
#6921
Originally Posted by Skol
That's assuming the place doesn't split apart, the communist party doesn't implode, ethnic cleansing, 500 riots a day, the world's worst environmental disasters by far, atmospheric and heavy metal pollution, corruption, and emigration don't bring them down first.
How's China gonna lead the world when it's incapable of constructing and operating an aircraft carrier, or building a reliable commercial jet? lol
Got to hand it to them though, they make good bicycles.
Dictatorships can last a while, but it's dramatic when they fall, let me know if you see a queue outside the Chinese embassy wanting to get into China, because there's millions wanting to get out.
That's why they own gold.
Its a new era--Wars are fought with economic and cyber tools --Back up Skol--I can smell the ''stars and stripes'' on your breath.
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03-05-2014, 01:38 PM
#6922
Originally Posted by skid
Its a new era--Wars are fought with economic and cyber tools --Back up Skol--I can smell the ''stars and stripes'' on your breath.
That's why Russia and China will lose. In addition a paper I was reading last night described the corruption in Russia as the very worst of any developed country.
The article was about the billions of dollars pouring into Florida property from Russia, China and South America, particularly Venezuela. Fancy that.
I'm taking Warren Buffetts advice, ""never bet against America, you'll lose".
Last edited by Skol; 03-05-2014 at 01:48 PM.
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03-05-2014, 01:48 PM
#6923
The world's centre of power (via various empires) has since before the birth of Christ tended to move westward:
1. The Persian / Achaemenid Empire (550 BC–330 BC)
http://en.wikipedia.org/wiki/File:Ma...nid_Empire.jpg
2. Roman Empire ( 27 BC– 476 AD)
http://en.wikipedia.org/wiki/File:RomanEmpire_117.svg
3. Umayyad Caliphate (661–750)
http://en.wikipedia.org/wiki/File:Umayyad750ADloc.png
4. The Ottoman Empire (1300–1923)
http://en.wikipedia.org/wiki/File:Ot...pireIn1683.png
5. Russian Empire (1721–1917)
http://en.wikipedia.org/wiki/File:Im...uso_zenith.PNG
6. The British Empire (mid 1700s to mid 1900s)
http://en.wikipedia.org/wiki/File:Th...ish_Empire.png
7. The USA as a Global Power (mid 1900s to now).
The USA is losing its economic and political influence on the world - in other words, its hay-day is gone. If the above trend continues then the next global power will be Asian.
To foretell the future, one must first unlock the secrets of the past.
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03-05-2014, 02:31 PM
#6924
You might think that America's heyday is gone, but it's best years are ahead of it, dictatorships don't last, and China and Russia are exactly that, corrupt dictatorships.
You can hark back to that old Ottoman Empire stuff, but people want to go to America, not Russia or China, I'm sure you can work that out.
Noticed increasing numbers of Chinese in your neighbourhood recently?
Last edited by Skol; 03-05-2014 at 02:36 PM.
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05-05-2014, 11:59 AM
#6925
Gold did a rinse & repeat of the previous week, after testing key support it again bounced back to $1300, suggesting that market participants are wary of staying short over a weekend, particularly with what is going on in the Ukraine. The US headline jobs number was a good one, however the devil is in the detail & this says far more than a reduction in registered unemployed. The participation rate dropped from 63.2% to 62.8%, whereas headline unemployment dropped from 6.7% to 6.3%. So there are less registered unemployed, however there are even less people actually working, another words employment has shrunk or perhaps stayed flat if you account for immigration. This is a very poor number it actually suggests that net there has be negative job growth & more people have given up looking for work or have perhaps gone into retirement. Gold has now tested $1275/80 on three occasions & has held. Gold is in a seasonal weak period & yet it is still to break lower, this should be deemed as positive as if it doesn't break fairly imminently those who have placed their short bets will look to cover. Have a great week. Cheers Daytr
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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05-05-2014, 01:27 PM
#6926
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05-05-2014, 01:28 PM
#6927
http://www.telegraph.co.uk/finance/c...-tapering.html
The real story on the US economy.
The headline unemployment rate fell to 6.3pc but that was only because the labour “participation rate” plummeted back to a modern-era low of 62.8pc, last seen in 1978 when there were far fewer women in the workforce. The rate for males is the lowest ever recorded at 69.1pc.
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05-05-2014, 08:48 PM
#6928
Gold surging higher so it looks like the decisive move is higher after testing $1280 support on several occasions. As suggested in previous posts the move would be decisive either way with a bias to going higher. A break of $1320 would be very positive.
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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06-05-2014, 12:22 AM
#6929
MORGAN STANLEY your never see 1300+ gold again (gezz must be one of skol's mates)
http://www.mining.com/morgan-stanley...0-again-92623/
Gold 1314oz
Last edited by JBmurc; 06-05-2014 at 12:26 AM.
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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06-05-2014, 08:07 AM
#6930
I wouldn't read too much into it JB, probably an anomaly somewhere. Onwards and upwards for stocks though, and as far as Ukraine goes, there's always a crisis somewhere in the world, just another Cyprus, Greece, EU, USD crash, North Korea, Italy, yadda,yadda, yadda.
It'll all go away in a few weeks time to be replaced by a goldbug crisis in the Central Afircan Republic or some other god-forsaken place.
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