the US was different at its inception, although there was strong resistance to the concept of a federal government 300 years ago. There still is among some people. But Germany has been trying to take over Europe for 2000 years. The euro is essentially the Fourth Reich. So I don't think they'll give it up that easily.
How was/is the U.S. different? In what way exactly? Germany will take over, it's almost written in stone; but how is this any different in methodology then what the U.S. has already done over the past 300 years?
The 4th Reich? Not likely since Russia has not been part of the EU for many years, and too, the mentality of the people will no longer accept as such. It may be funny at times when you look at my point of view, but can you tell me a tail of just once when a people or a nation did anything other then overthrow their government when the corruption became too much to bare?
How was/is the U.S. different? In what way exactly? Germany will take over, it's almost written in stone; but how is this any different in methodology then what the U.S. has already done over the past 300 years?
The 4th Reich? Not likely since Russia has not been part of the EU for many years, and too, the mentality of the people will no longer accept as such. It may be funny at times when you look at my point of view, but can you tell me a tail of just once when a people or a nation did anything other then overthrow their government when the corruption became too much to bare?
Who drove who? The reminder is coming....
Happy Trading,
t3t4
The US was different because it was a new country in a newly discovered continent at its inception.The federal government was formed before many of the states were added. The people in the EU have ancestors dating back thousands of years. Italy, France, Spain and the rest of those countries were around long before such a thing as sovereign debt even existed. The EU and the euro were formed before they had a federal taxation authority and a federalized banking system. That is the difference.
Reich has negative connotations because the Third Reich involved the nazi takeover of Europe. But Reich just means German rule, and if you go back and research the First and Second Reichs they were basically all failed attempts at German control. So Reich doesn't mean authoritarian takeover, but on the other hand Germany is basically calling the shots in the EU now because they have more money than anyone else.If other countries want to access the EFSF or other funds they have to abide by the rules primarily set by Germany.
The US was different because it was a new country in a newly discovered continent at its inception.The federal government was formed before many of the states were added. The people in the EU have ancestors dating back thousands of years. Italy, France, Spain and the rest of those countries were around long before such a thing as sovereign debt even existed. The EU and the euro were formed before they had a federal taxation authority and a federalized banking system. That is the difference.
Reich has negative connotations because the Third Reich involved the nazi takeover of Europe. But Reich just means German rule, and if you go back and research the First and Second Reichs they were basically all failed attempts at German control. So Reich doesn't mean authoritarian takeover, but on the other hand Germany is basically calling the shots in the EU now because they have more money than anyone else.If other countries want to access the EFSF or other funds they have to abide by the rules primarily set by Germany.
No fan of Soros but if his EU knowledge and connections are believable, then most people in peripheral Europe are not amenable to German rules and they will never become more "german-like". Thus this path will fail. In his words, they "need euro bonds" that they rejected. "Germans have been hesitant to accept responsibility for Europe, and the Chinese have been hesitant to accept responsibility for the world. But they are both being pushed into it."
Updated version. Thank you for letting me know
EUR/USD London session review and outlook, August 16 - 2011
Sorry for the not so good sound quality
Regards
Alejandro Zambrano
Currency Strategist | DailyFX Forum (London) azambrano@fxcm.com
Joining DailyFX Forum is free and offers an extended range of features, including: Replying to other peoples' threads and receiving email notification of replies to posts and threads you specify. Click here to join.
I am seeing short term eur/usd bears. I took first bet on this using gbp/usd short @16450 stop 16485..as I am going to sleep LOL. I set target 16330...with trailing 50 points
Euro getting wedged on the daily. down trend line from the 1.49 high to now is proving resistance. Yet the 50/100 MVA providing support. break below brings in a secondary trend line. As you all can see the Euro is getting wedged. Which way will it go? Well, if i had a crystal ball i'd tell ya.
The US was different because it was a new country in a newly discovered continent at its inception.The federal government was formed before many of the states were added. The people in the EU have ancestors dating back thousands of years. Italy, France, Spain and the rest of those countries were around long before such a thing as sovereign debt even existed. The EU and the euro were formed before they had a federal taxation authority and a federalized banking system. That is the difference.
Reich has negative connotations because the Third Reich involved the nazi takeover of Europe. But Reich just means German rule, and if you go back and research the First and Second Reichs they were basically all failed attempts at German control. So Reich doesn't mean authoritarian takeover, but on the other hand Germany is basically calling the shots in the EU now because they have more money than anyone else.If other countries want to access the EFSF or other funds they have to abide by the rules primarily set by Germany.
Hmm, good point!
Although I must disagree slightly in just one area:
Italy, France, Spain and the rest of those countries were around long before such a thing as sovereign debt even existed. The EU and the euro were formed before they had a federal taxation authority and a federalized banking system. That is the difference.
It was in fact the idea of just one man to create the entire banking institution as we know it; and it all began in a cave of sorts with a steel door. Once the so-called leaders of the tribe caught hold of the idea, well, it spawned a new bread of insanity from that point forward. At first it was around 2000 BC; cave-man style, and then it propagated itself as the ideal; to become something else entirely which is basically what we play around with here today. The term "usery" should from here on out be forever embedded within your minds! Simply put, for you to prosper, I must loose!
All business, all economics are based upon that one simple fact. It's simple FOREX mentality everywhere you turn, and it fails in the end! And that "is" current day banking! It makes no difference if we're dealing with a company or a nation, the same principals apply; first or fourth Reich, it's all the same ideal. The system was flawed in the beginning and has only become more complex over the years by using sub-chapters A-Z.... The system is currently failing and the people that actually feed this system are waking up to realize their nightmares in real real life and too in real current day times, not only do they realize it, mmm but they can seriously "feel" it!.... That is power which no financial institution can survive!
It's like millions verses hundreds. Greater than, less than, what?
Obama or no Obama, makes no difference! Things will change radically if he stays, they will change radically if he leaves. But the damage has long since been done! We can't stop it even if/when we try, all we have remaining is destruction and/or annihilation. Mmmm, something like perpetual demise?! Somebody spun the wheel of fortune 60+ years ago, and it's about to stop spinning, so then what?
Time for another spin from a new leader? Not just here in the U.S. but everywhere as per the election calendar. I've long since already said the U.S. is no longer the safe haven, that statement has held true thus far. The question I had then as I do now is still the same. Who is next? The EU is where I'll place my bets!
I've long since already said the U.S. is no longer the safe haven, that statement has held true thus far. The question I had then as I do now is still the same. Who is next? The EU is where I'll place my bets!
Not even the europeans trust EU for safety. Because over the course of history Europeans have seen numerous defaults and currency collapses. So while americans have traditionally thought of treasuries as a safe haven, when seas are really rough euros historically have turned to gold instead of sov debt (asians go to gold and silver - in both good time and bad, haha). Some obviously go to CHF or SGD.
Not even the europeans trust EU for safety. Because over the course of history Europeans have seen numerous defaults and currency collapses. So while americans have traditionally thought of treasuries as a safe haven, when seas are really rough euros historically have turned to gold instead of sov debt (asians go to gold and silver - in both good time and bad, haha). Some obviously go to CHF or SGD.
And yet I do trust, hmmm? Given the choice, I'd be in Denmark right now! But once you lay roots in one place, it becomes determination that moves you. Not force so much, rather will....
I'd say that is a fitting description of gold and silver. But keep in mind please; helicopter Ben Bernanke said: Gold is not money!
Hmm, so then what? The Green Back is no longer backed by gold but it is however backed by the social security number. In other words, it debt upon debt! So what backs it up otherwise? Are the Chinese holding us a-float? Do we need them even though they own most of the U.S.A.?
I do so love debate, however, I don't have the numbers in my head to play this tit for tat game. But I am still waiting for an answer on the U.S. land value. What's it worth? Anyone, anyone..... (Ferris Bueller's Day Off).....
Hmm, so then what? The Green Back is no longer backed by gold but it is however backed by the social security number. In other words, it debt upon debt! So what backs it up otherwise? Are the Chinese holding us a-float? Do we need them even though they own most of the U.S.A.?
I do so love debate, however, I don't have the numbers in my head to play this tit for tat game. But I am still waiting for an answer on the U.S. land value. What's it worth?
Whatever some large sovereign wealth funds from the Middle East or China will pay for it. I think China has been buying US farmland lately (while US companies have long bought industrial land in China). Perhaps China is "outsourcing" agriculture to USA, and the rural chinese peasants will rise in anger & protest like American factor workers have done? haha.
I think farmland in north dakota sells for $3000 to $5000/acre, while similar while farmland across the border in saskatchewan was only CAD$300/acre. The discrepancy was because until recently only bonafide Sask residents were allowed to own Sask farmland. Now, canadian residents and citizens can own it, and land quickly rose to $500/acre like the rest of Canada. This is obviously still a bargain compared to equivalent US farmland. Reason being that ownership of Canadian farmland is restricted to canadian citizens. Opportunity knocks however, because the newly-elected Conservative federal government says it will open all of Canada to foreign investment (recall the Potash debacle of last summer). I imagine that CIC or another sovereign wealth fund would be keen to buy all of Canada if permitted. In fact, CIC (sovereign China Investment Corp) opened its first North American office in Toronto this year. Hmm.
EUR/USD is trading sideways however the overall trend is bullish. We would like to see the short term trend be in line with the overall trend to create a high probability setup.
As we can see in the chart below when and if price trades above 1.4420 the very short term trend will be bullish as well as the overall trend, this is one of those high probability setups that we are looking for. If price trades above 1.4420 a move to 1.4550 is expected.
EUR/USD 30 min chart
Regards Alejandro Zambrano
Currency Strategist | DailyFX Forum (London) azambrano@fxcm.com
*Joining DailyFX Forum is free and offers an extended range of features, including: Replying to other peoples' threads and receiving email notification of replies to posts and threads you specify. Click here to join today.
Trader, Gregory McLeod moderates the DailyFX Forum.
If you are a new user to the DailyFX Forum, or not sure where to get started, please go to: How To use the DailyFX Forum and Introduce Yourself! Section. I’ll introduce you to the community and point you in the right direction.
Please use the “Ask the expert” section to ask me trading questions or reply to me in this thread.
Webinar: Watch me Trade Live Tuesday, Wednesday, and Thursday at 5:30 ET/9:30 GMT inPip & Run Trading Room.
Whatever some large sovereign wealth funds from the Middle East or China will pay for it. I think China has been buying US farmland lately (while US companies have long bought industrial land in China). Perhaps China is "outsourcing" agriculture to USA, and the rural chinese peasants will rise in anger & protest like American factor workers have done? haha.
I think farmland in north dakota sells for $3000 to $5000/acre, while similar while farmland across the border in saskatchewan was only CAD$300/acre. The discrepancy was because until recently only bonafide Sask residents were allowed to own Sask farmland. Now, canadian residents and citizens can own it, and land quickly rose to $500/acre like the rest of Canada. This is obviously still a bargain compared to equivalent US farmland. Reason being that ownership of Canadian farmland is restricted to canadian citizens. Opportunity knocks however, because the newly-elected Conservative federal government says it will open all of Canada to foreign investment (recall the Potash debacle of last summer). I imagine that CIC or another sovereign wealth fund would be keen to buy all of Canada if permitted. In fact, CIC (sovereign China Investment Corp) opened its first North American office in Toronto this year. Hmm.
theres been a few articles in the FT recently about hedge funds putting millions into US farmland at 3-7k an acre.
t3t4 - i don't know what the total land value of the US is, although i don't think its entirely relevant as its far more than any asset buyers in the world could afford. What is relevant though is what you can buy for your USD, and this is dependant on what countries use it and what these countries produce. Also, what assets (net) the US owns and what earnings will eventually be transalated back to USD for expenditure. Fortunately for the US, they are such a big part of global output that the intrinsic value the USD holds will not deteriorate at as fast a rate as they debase it. This has become more the case with the euro over the last 10 years and has driven its long term rise vs. the dollar. when the RMB is liberalised we'll get the reverse effect from the EUR and a continued effect from USD.
What i do find interesting though is that the canadians blocked BHP's takeover of potash corp, showing that you can't buy certain fixed assets with their currency - only their current assets, and it think this kind of protectionism will continue to be the case in many countries for a long time, and could eventually become a factor in the currency markets.
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
English
Español
Français
中文
Deutsch
Italiano
العربية
Sverige
Ελληνικά
Originally Posted by Mary R
