tag:blogger.com,1999:blog-7820485130017459619.post475451278426226999..comments2023-10-24T01:46:47.151-07:00Comments on CynicusEconomicus: US Banks and the Euro CrisisUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7820485130017459619.post-13244012562688536962011-11-29T08:12:30.356-08:002011-11-29T08:12:30.356-08:00In answer my own question (above), I found this ar...In answer my own question (above), I found this article quite interesting, but not totally persuasive.<br /><br />http://www.creditwritedowns.com/2011/11/likely-policy-path-for-european-sovereign-debt-crisis.htmlLordSidcupnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-48174662711441492412011-11-27T22:15:46.239-08:002011-11-27T22:15:46.239-08:00Lord Sidcup:
Agreed. I have also been reading the...Lord Sidcup:<br /><br />Agreed. I have also been reading the blog since late 2008 and was completely taken in by CE's arguments. It is satisfying - albeit concerning - to see his predictions coming true. <br /><br />But attempting to predict in which order things will fall apart seems too difficult as things are so volatile that black swans could appear from any direction. <br /><br />Choosing a more sound economy to store your wealth seems sensible and tangible assets also. I like gold, some don't.<br /><br />If you have not read Anonymous' (postings from '97), Friend of Anonymous or FOFOA (postings from 2008), then I suggest you do so as IMO it is some of the most interesting writing on the internet.<br /><br />Anonymous' postings on Kitco forum start here: http://www.usagold.com/goldtrail/archives/another1.html<br /><br />And this is FOFOA's most recent article, a really excellent one in which he debunks MMT:<br />http://fofoa.blogspot.com/2011/11/moneyness.html<br /><br />Essentially they claim the dollar is finished and all central banks know it.<br /><br />They state the inevitable outcome will be hyper-inflation and that physical gold bullion is the best way to transport your wealth to the other side as it is true money as opposed to fiat currency. It is a concept they call Freegold and will lead to gold being revalued into the $10's of thousands per Oz.<br /><br />I recall reading somewhere on FOFOA'a blog that a period of currency collapse will last no more than 6 months.Jonnyhttps://www.blogger.com/profile/16119442844302447926noreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-29358298946977968122011-11-25T11:17:06.353-08:002011-11-25T11:17:06.353-08:00I preferred the interactive version the bbc create...I preferred the interactive version the bbc created along the same lines. <br />http://www.bbc.co.uk/news/business-15748696<br /><br /><br />Anyway, I have been reading this blog since 2008, and events are now (finally) catching up with CE's prognosis. <br /><br />But what's next?<br /><br />I've moved my money to Swedish Krona, because the currency and financial institution I chose there, seem to be solidest available to me.<br /><br />Thinking of buying farmland in Ireland if/when the Eurozone fragments. <br /><br />But amid all the hysteria I find it hard to picture what the world will look and feel like 3 years from now. <br /><br />How apocalyptic will things get?LordSidcupnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-46552276312080535642011-11-24T12:41:42.229-08:002011-11-24T12:41:42.229-08:00Intriguing diagram. (Pity it doesn't show Chi...Intriguing diagram. (Pity it doesn't show China too!) Is circle size proportional to GDP? <br />Not sure that net exposure is what matters: in a complex, opaque system, any exposure might bring vulnerability, even if theoretically offset.<br />But, if net exposure is the key point, then: Greece isn't a huge deal; a defaulting Spain or Italy might trigger French default; Britain is a threat to the Eurozone not threatened by it; and a toppling USA could bring the whole system down at once.Anonymousnoreply@blogger.com