Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Fiat Ponzi

Reply
 
LinkBack Thread Tools
Old 08-12-2013, 11:17 AM   #1
Predaceous stink bug
 
Potemkin's Avatar
 
Join Date: Jul 2013
Posts: 220
Liked: 31 times
How the yen could destroy the US dollar...

While we're all awaiting the US dollar's collapse due to (mainly) internal causes, the big one might come from outside and not even from China, but Japan:
http://www.primevalues.org/market-wa...roy-dollar.htm

The Japanese yen could potentially destroy the US dollar, because the two economies are so closely tied together... I didn't know that Japan has so many treasuries - almost as much as China!
If their yen inflation gets out of control, they might engage into massive US debt-selling and then everything would go crazy...

I have a feeling either the eurozone of Japan will go bust first, but if it's Japan, than the US currency might go with it. If it's the eurozone that goes bust, then the US dollar will gain from it.
Potemkin is offline   Reply With Quote
Old 08-13-2013, 07:48 AM   #2
Moderator
 
Join Date: Oct 2011
Posts: 1,059
Liked: 459 times
Sigh...

This is the kind of retail analysis I hate to read that causes people to lose their shirts. The yen already had a massive correction. The weekly RSI got down to an 11 back in April. That is extreme. Almost generational.

What happened this past spring was the equivalent to what happened to the Euro back in the summer of 2010. EVERYONE was short the euro and convinced it was headed lower. How did that turn out? Not to well if you were short or were investing based on that thesis.
__________________
"A little more persistence, a little more effort, and what seemed hopeless failure may turn to glorious success.: - Elbert Hubbard
DSAbug is offline   Reply With Quote
Old 08-13-2013, 08:28 AM   #3
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,055
Liked: 2451 times
That maxim about the markets ability to stay irrational longer than you can stay solvent comes to mind.

For my part, I'm not trying to trade on what I believe will happen. I'm just trying to prepare for the consequences.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 08-13-2013, 09:34 AM   #4
Predaceous stink bug
 
Potemkin's Avatar
 
Join Date: Jul 2013
Posts: 220
Liked: 31 times
Originally Posted by PMBug View Post:
That maxim about the markets ability to stay irrational longer than you can stay solvent comes to mind.

For my part, I'm not trying to trade on what I believe will happen. I'm just trying to prepare for the consequences.
Me too... I think anything could happen. What if the US and Europe fall financially from internal reasons... But I found this Japan scenario interesting. I haven't thought of them being a potential US dollar crasher... Since everyone is only talking about China.
Potemkin is offline   Reply With Quote
Old 08-13-2013, 09:36 AM   #5
Yellow Jacket
 
rblong2us's Avatar
 
Join Date: Nov 2011
Location: off world
Posts: 1,982
Liked: 877 times
Originally Posted by PMBug View Post:
That maxim about the markets ability to stay irrational longer than you can stay solvent comes to mind.


does this include the metals ?
__________________
if it cant be done with a digger .... it cant be done
rblong2us is offline   Reply With Quote
Old 08-13-2013, 10:23 AM   #6
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,055
Liked: 2451 times
Yes. But it applies to the paper/casino markets. That's why I don't play with leverage.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
TA - dollar collapse? PMBug Fiat Ponzi 5 05-02-2013 08:11 AM
Down a dollar ancona Silver Bug 3 11-07-2012 12:02 PM
Why the Dollar is being destroyed benjamen Fiat Ponzi 9 08-17-2012 01:01 PM
US Dollar Index data Unobtanium Fiat Ponzi 4 02-03-2012 08:58 AM
The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System SilverKing Fiat Ponzi 1 10-21-2011 10:22 PM


All times are GMT -5. The time now is 11:54 PM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.