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11 Pages«<91011
First World Markets Shenanigans
slick
#201 Posted : Sunday, May 17, 2020 7:55:17 PM
Rank: Member


Joined: 6/1/2017
Posts: 252
Ericsson wrote:
slick wrote:
Gold and Silver as the investment strategy of this decade as developed world central bank multi-trillion money printing madness degenerates into ludicrous proportions.Billionaire investors,hedge funds,wall street banks and other asset management entities pile into the ultimate safe heaven from inevitable mass inflation that the money creation insanity will create.












The largest investment bank in the US ie Goldman Sachs also recommends the buying of gold





Tell opus Dei to start stocking up on gold



In fact since last year central banks have been on the largest gold buying spree since 1971 when the US broke off from the Bretton Woods world gold standard in 1971.Before 1971,the world was on a gold standard where the US dollar was backed by gold at 35 USD per ounce and all the other world currencies were tied to the USD at fixed exchange rates thus all world currencies were backed by gold.This meant central banks at the time couldnt print money indiscriminately like they are doing now as gold backing constrained reckless money printing.In the late 1960s especially,the US started cheating and printed far more currency (for the Vietman War,social welfare known as the Great Society in the "guns and butter" policy) than could be backed by gold in their reserves at 35 USD/oz.Many countries led by France started exchanging their USD reserves for gold and US gold reserves fell from 20,000 tonnes to 9,000 tonnes and to prevent a complete run on US gold the Nixon Administration delinked the USD from gold in August 1971 and the era of fiat money printing to absurd proportions began.



Now that the money printing spree is getting out of control,central banks are once again hedging themselves with gold.The Eastern nations especially Russia and China having been buying vast amounts of gold to hedge against the USD.Others like Germany and Poland have been repatriating their gold stored in London and US vaults preferring to store their gold for themselves as opposed to offshore storage where it can be confiscated.






As Ray Dalio,billionaire of the world's largest hedge fund,Bridgewater Associates once said "Cash is Trash".Whats the intrinsic value of the USD if the Fed can just print trillions of dollars by just typing new numbers on computers and crediting banks accounts and more recently even corporate and hedge funds accounts.Fundamentally the USD and other fiat currencies are trash though psychologically the USD is King relative to other fiat currencies that are also being printed up and hence the US dollar rise relative to other currencies in the current deflationary crisis though USD purchasing power has reduced 97% since 1913 when the Fed was created.

So Yes,Opus Dei should become smart and load up on gold.If the money printing bonanza continues,the destruction of these currencies is inevitable and a natural reversion to gold/silver as sound money is possible.The cycle from fiat currencies that collapse back to a gold/silver standard has repeated itself numerous times in history and this time wont be different.

Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
slick
#202 Posted : Sunday, May 17, 2020 8:26:37 PM
Rank: Member


Joined: 6/1/2017
Posts: 252
slick wrote:
Ericsson wrote:
slick wrote:
Gold and Silver as the investment strategy of this decade as developed world central bank multi-trillion money printing madness degenerates into ludicrous proportions.Billionaire investors,hedge funds,wall street banks and other asset management entities pile into the ultimate safe heaven from inevitable mass inflation that the money creation insanity will create.












The largest investment bank in the US ie Goldman Sachs also recommends the buying of gold





Tell opus Dei to start stocking up on gold



In fact since last year central banks have been on the largest gold buying spree since 1971 when the US broke off from the Bretton Woods world gold standard in 1971.Before 1971,the world was on a gold standard where the US dollar was backed by gold at 35 USD per ounce and all the other world currencies were tied to the USD at fixed exchange rates thus all world currencies were backed by gold.This meant central banks at the time couldnt print money indiscriminately like they are doing now as gold backing constrained reckless money printing.In the late 1960s especially,the US started cheating and printed far more currency (for the Vietman War,social welfare known as the Great Society in the "guns and butter" policy) than could be backed by gold in their reserves at 35 USD/oz.Many countries led by France started exchanging their USD reserves for gold and US gold reserves fell from 20,000 tonnes to 9,000 tonnes and to prevent a complete run on US gold the Nixon Administration delinked the USD from gold in August 1971 and the era of fiat money printing to absurd proportions began.



Now that the money printing spree is getting out of control,central banks are once again hedging themselves with gold.The Eastern nations especially Russia and China having been buying vast amounts of gold to hedge against the USD.Others like Germany and Poland have been repatriating their gold stored in London and US vaults preferring to store their gold for themselves as opposed to offshore storage where it can be confiscated.






As Ray Dalio,billionaire of the world's largest hedge fund,Bridgewater Associates once said "Cash is Trash".Whats the intrinsic value of the USD if the Fed can just print trillions of dollars by just typing new numbers on computers and crediting banks accounts and more recently even corporate and hedge funds accounts.Fundamentally the USD and other fiat currencies are trash though psychologically the USD is King relative to other fiat currencies that are also being printed up and hence the US dollar rise relative to other currencies in the current deflationary crisis though USD purchasing power has reduced 97% since 1913 when the Fed was created.

So Yes,Opus Dei should become smart and load up on gold.If the money printing bonanza continues,the destruction of these currencies is inevitable and a natural reversion to gold/silver as sound money is possible.The cycle from fiat currencies that collapse back to a gold/silver standard has repeated itself numerous times in history and this time wont be different.



For the developed nations to just print trillions to bail themselves out,though offers short term relief,could be more disastrous long term than the current Covid-19 threat.We in the third world cannot just have our central banks print money to bail ourselves out without destroying our currencies almost immediately.So we go an borrow money from developed nations and pay them back at interest,money that first world nations just print up freely from nothing and lend to us at interest??Is that fair




Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
slick
#203 Posted : Saturday, May 23, 2020 8:57:43 AM
Rank: Member


Joined: 6/1/2017
Posts: 252
Naive young retail investors piling into US stocks buying the dips.The usual cycle of Wall Street is playing out again.The Wall Street banksters sucker in retail investors into a false rally fattening the sheep for the slaughterhouse when stocks inevitably tank

As the adage states,bulls make money,bears make money and pigs (retail investors) get slaughtered

Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
slick
#204 Posted : Saturday, May 23, 2020 9:05:16 AM
Rank: Member


Joined: 6/1/2017
Posts: 252
A good video where a former Fed employee Danielle DiMartino Booth discusses Fed money printing madness to manipulate markets,bubbles popping and the long term disaster of all the fiat money creation



https://www.youtube.com/watch?v=JtSeXeFRyVI

Another video where a PhD economist is discussing the Fed out of control with money printing lunacy



https://www.youtube.com/watch?v=xELCifSqrBo




Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
slick
#205 Posted : Sunday, May 24, 2020 9:18:59 PM
Rank: Member


Joined: 6/1/2017
Posts: 252
Central banks are creating ‘fake markets,’ Bank of America strategists say

I have kept saying Wall Street is a joke of markets being highly manipulated and pumped up by trillions of Fed money printing and there is no reality of asset prices and no free markets in the the US and the rest of the developed world;just central banks money printing mischief lunacy.

Well one of the 6 mega Wall Street banks ie Bank of America Merrill Lynch agrees with me.

Though Wall Street has always been fake,there are lots of opportunities to short term trade these large move volatile swings and make lots of $$$$Laughing out loudly Laughing out loudly in the madness





Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
slick
#206 Posted : Friday, May 29, 2020 9:25:03 AM
Rank: Member


Joined: 6/1/2017
Posts: 252
BILLIONAIRES LOSING BILLIONS IN THE MARKET

Wall Street titan billionaire Carl Icahn lost nearly 2 billion USD in one investment position Hertz a car rental agency that filed for bankruptcy.The bankruptcy crisis that I have kept talking about and thats about to swamp the US (and the globe) will be the real crisis for the next few months possibly years.



WOOI!!Yani one can lose 2 billion USD in one trade??Laughing out loudly Laughing out loudly Laughing out loudly Anyway the guy still has a net worth of over 14.3 billion USD.Just shows the market can even humble the titans
Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
rwitre
#207 Posted : Friday, May 29, 2020 11:33:41 AM
Rank: Member


Joined: 3/8/2018
Posts: 427
Location: Nairobi
slick wrote:
BILLIONAIRES LOSING BILLIONS IN THE MARKET

Wall Street titan billionaire Carl Icahn lost nearly 2 billion USD in one investment position Hertz a car rental agency that filed for bankruptcy.The bankruptcy crisis that I have kept talking about and thats about to swamp the US (and the globe) will be the real crisis for the next few months possibly years.



WOOI!!Yani one can lose 2 billion USD in one trade??Laughing out loudly Laughing out loudly Laughing out loudly Anyway the guy still has a net worth of over 14.3 billion USD.Just shows the market can even humble the titans


So he just lost around 13% of his portfolio.

He'll live.

2020 is seeing investors getting wiped out over 70% and still clinging onto hopes of rebounds.
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