This one is important, the USD against all other currencies
(important ones). Double back test of the broken
channel line after a huge upswing whilst US overspends more than a
drunken sailor with someone else's credit cards in hand.
nice charts stevo. Yes the US is like a drunken sailor,
the only thing that might save us is that all the other countries
are also drunken sailors - all these countries are awash in
debt.
if the US was in a vacuum and it was only us then we'd be in
real trouble of going the way of Zimbabwe and other countries like
that.
with the sheer amount of world wide debt (heck China's real
estate problem is something like 70 trillion on its own), all
these countries have crazy debt problems and spend too much
one of these days I could see all the major countries getting
together in like a Bretton Woods 3, and either monetizing or
canceling a bunch of debt, and creating a new world currency that
is maybe a basket of the major countries - and of course probably
and end to cash too, digital currency
Posted by skwan1940 on 13th of Oct 2023 at 10:57 am
I searched the BPT website for Luke Gromen and I don't see his
name mentioned before. I have been following Luke Gromen for
years (very savvy guy) and I can say that his ideas on dollar
hegemony, US deficits, etc. have long pre dated those of
Druckenmiller, Zoltan, Tudor Jones, etc. (the people we have
recently seen in the media now making these ideas more popular).
He recently did a RealVision interview (link pasted
here) in which he talked about the Net International Investment
Position of the USA and how it specifically affects the USA dollar
in a way that it has not historically (compared to other fiat
currencies) and how the "cleanest dirty shirt" argument NO longer
works when looking at the dollar compared to other fiat currencies.
It is at
0:56:28 of the
interview.
This one is important, the
Posted by steveo on 13th of Oct 2023 at 09:25 am
This one is important, the USD against all other currencies (important ones). Double back test of the broken channel line after a huge upswing whilst US overspends more than a drunken sailor with someone else's credit cards in hand.
nice charts stevo. Yes the
Posted by matt on 13th of Oct 2023 at 09:30 am
nice charts stevo. Yes the US is like a drunken sailor, the only thing that might save us is that all the other countries are also drunken sailors - all these countries are awash in debt.
if the US was in a vacuum and it was only us then we'd be in real trouble of going the way of Zimbabwe and other countries like that.
with the sheer amount of world wide debt (heck China's real estate problem is something like 70 trillion on its own), all these countries have crazy debt problems and spend too much
one of these days I could see all the major countries getting together in like a Bretton Woods 3, and either monetizing or canceling a bunch of debt, and creating a new world currency that is maybe a basket of the major countries - and of course probably and end to cash too, digital currency
I searched the BPT website
Posted by skwan1940 on 13th of Oct 2023 at 10:57 am
I searched the BPT website for Luke Gromen and I don't see his name mentioned before. I have been following Luke Gromen for years (very savvy guy) and I can say that his ideas on dollar hegemony, US deficits, etc. have long pre dated those of Druckenmiller, Zoltan, Tudor Jones, etc. (the people we have recently seen in the media now making these ideas more popular). He recently did a RealVision interview (link pasted here) in which he talked about the Net International Investment Position of the USA and how it specifically affects the USA dollar in a way that it has not historically (compared to other fiat currencies) and how the "cleanest dirty shirt" argument NO longer works when looking at the dollar compared to other fiat currencies. It is at 0:56:28 of the interview.
thx, bet to post again
Posted by matt on 13th of Oct 2023 at 11:02 am
thx, bet to post again after the market closes as this will get buried by end of day and folks coming won't see it, good for folks to watch on weekend
A global currency doesn't sound
Posted by mastermind on 13th of Oct 2023 at 10:40 am
A global currency doesn't sound like a good idea to me.
Could you imagine crude OIL
Posted by rbreese on 13th of Oct 2023 at 10:51 am
Could you imagine crude OIL based in the Iranian currency which is so fragile and illiquid?