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Couple of interesting interviews on a global currency war.

www.recoverypartners.biz/newsroom/IT-AJ-8Jun2010.pdf
www.creditwritedowns.com/2010/11/specul ... -wars.html

Anyway, just an interesting perspective that I thought worth sharing with those that enjoy macroeconomics and geopolitics.

wow that's long... why do you need to learn our anthem?

Going to take a guess that the USD is going to plummet and Canada will come in and save us all.

Ohhhh Canadaaaaaa, my new supreme overrrr lords.

Too ADD atm to read anything long D:

i've always enjoyed bagged milk anyway.

i like milkbags too.

Akina: bitch I will stab you in the face

Read it

I was initially skeptical of the first piece, especially since I have an extremely low opinion of academic economists for the simple reasons that they have a HORRIBLE track record of predicting the future and also that they are on government welfare rather than making money with their supposed insights and knowledge.

However, much of what he says is farsighted and basically correct. I think his long-term analysis of the American debt situation is right on, and he's probably right it will go into partial default, or massive running of the currency.

Second piece is pure BS; anyone who thinks BRIC is a new world axis is a dumbass, because they're four very different countries, with very different agendas, that have absolutely nothing in common but disdain for the US, so saying they will become the new axis of the world when American dominance fades is idiotic because by that very eventuality the so-called BRIC group will become obsolete. Never mind that Russia and China have serious internal problems that will undermine them long before that happens.

Idiot academics like the OP in the second piece made the same "bilateral" predictions about Japan and the USSR that never materialized because both those countries had internal problems that undermined them. China is no different. But then again idiots like him will always be obsessed with what is on the front page of the news, and that's why they get interviews. Then of course other idiots read this and think they're on the inside track when they're just reading the same BS as everyone else.

Canada isn't a good long-term investment because their currency growth is driven by materials exports, which are inevitably on the long end of the pendulum because they in turn are driven by what is and is not discovered in other countries and by industrial demand. If industrial demand goes down because of a global recession, all bets are off.

Aestu of Bleeding Hollow...

Nihilism is a copout.

"I'm skeptical of economists because they're always wrong... but this article is partly right and partly wrong and I know this because I'm not an economist."

Wat?

Actually, you changed a lot of the words he used to make your point. In trying to make your point you missed out on a lot of what he said. Which leads me to believe you only read the first line and responded accordingly to how you perceive Aestu and not what he actually wrote.

I really have nothing to add to this post past my response to Retinalshaft. These two posts should probably be deleted and or moved to a topic titled "every hate post + responses to Aestu, ever...!"

[13:56:01] [W From] [Slimecrack]: I just wanted to tell your brown that when I look into its one brown eye, I see joy and love, thank god for your ass, PRAISE JESUS!

o/

I seldom read anything he writes anymore. It's so tiring.

I already know it from watching so much hockey

No offense but that's a retarded statement. An economist can explain what is currently happening, and can make suggestions about what to do about it, but to predict the future they would have to predict how policy makers will act, which is not a function of economics at all but rather one of politics (among many other things).

As for the functioning of the markets themselves, there are a lot of economists that do a pretty damn good job. There were quite a few, for example, that predicted the housing market crash long before it happened.

Not all are worth listening to, but to disdain the entire profession because a) some are not good at it or b) they can't wave a magic wand and make things happen a certain way is ignorant.

Just my 2 cents.

Akina: bitch I will stab you in the face

if there are enough aestu posts i'll end up skipping entire pages


edit: in addition to that, if i scroll down an entire page and don't see my avatar, then there is obviously nothing worth reading since no is talking to me

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sunshine.kittens.bubblegum.happythoughts

This thread has been redeemed and is worth reading...

Successful investment is based directly on ability to predict the future.

Aestu of Bleeding Hollow...

Nihilism is a copout.

Maybe they should stop trying to predict the future then.

I hate economists as much as meteorologists. I get that they're trying, but they fail as much as they succeed, so why trumpet your views like your degrees and years of research and whatever else one calls credentials are worth anything when a coin flip would be just as (in)accurate.

I get your point(s) though, doesn't make me like them (economists etc) any more or less however.