Thread: Need a good Rumor or prediction now.

Originally Posted by Nidya

Boy, it sure is quiet here. Where is everybody? Just heard from my daughter. She tells me that Iraq is working on its currency to drop the zeros and put more coins in people's pocket. Hope we don't get screwed with the 25,000 ID's. If they drop the zeros will they still be worth the same? I heard that they want to print new money

Yes, this has been posted before. IMO there will be no windfall profits with this currency. Too much government manipulation and instant communication to the masses where nothing is a secret for very long. What happened in the past is not allowed to occur today. Hope I am wrong but I don't really see anything in the way of instant riches.

Will sparks fly on Monday Asian time ? Fingers crossed...Possible simultaneous devaluation of USD, EURO, Pound to BRIC currencies and precious metals ?
APMEX not accepting orders over this weekend 8-6-2011
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ECB-crisis meeting
http://translate.google.com/translat...-krisensitzung

06.08.2011

The ECB will hold on Sunday afternoon, a crisis meeting. By using this Telefonkonerenz: all major finance ministers and representatives of the G7.Topics: PIIIGS bonds and U.S. downgrade. Possible financial crash on Monday. Update: G20 already hold emergency meeting Saturday night (Eastern time). - Michael Mross interview with Russia Today. The ECB will hold on Sunday afternoon, a crisis meeting. This was arranged by ECB chief Trichet. With this key representatives of G7 finance ministers and the Euro zone.The Reuters news agency reported. Consequently, the central bankers fear violent turmoil in the financial markets on Monday. The crisis in the PIIGS bonds could continue to worsen, triggered by the U.S. downgrade by S & P. On the agenda is likely to be the opinion of observers from the purchase of Italy and Spain bonds. The yield on these bonds rose on Friday on a 14-year high. Growing up in the federal government, meanwhile, doubts whether Italy could be rescued by the European rescue EFSF, even if he tripled - Der Spiegel reports in its latest issue. An economy like Italy was not to support, to being too large, it is said to justify. The financial needs of the country is too huge. Also a guarantee of the entire Italian public debt of over € 1.8 trillion, after assessment of government experts from other partner countries, not to be lifted. By then the markets would suspect that Germany was overwhelmed.The focus of the ECB's emergency meeting in addition to the problems PIIGS the impact of the U.S. downgrading stand on global financial markets. There is a crisis scenario can be designed to intervene in accordance with, if this is necessary, it was to hear from Brussels and Frankfurt. Expected to be fierce rate turbulence. For Lang & Schwarz recorded as early as the weekend from new Kurstürze. In particular, off-exchange trading bank shares fell. The Dow fell in the lead up to 6100thUpdate: Vice-Minister of Finance of the G20 crisis meeting Saturday evening The deputy finance ministers of the Group of 20 major emerging economies and industrialized countries will on Saturday hold a conference call about the debt crisis in Europe and the USA. The interview was for the late evening (U.S. Eastern Time) is planned, said the Brazilian Ministry of Finance. It should provide information and opinions are exchanged. Further details of the talks were not immediately known.

Financial crisis: G7 finance ministers to hold emergency
conference this weekend

http://www.telegraph.co.uk/finance/f...s-weekend.html

LOOK OUT BELOW !!
Muni Market Prepares For "Hundreds And Hundreds" Of Downgrades Tomorrow

http://www.zerohedge.com/news/muni-m...rades-tomorrow

We need a prediction or rumor as we get closer to October!

Go to 20:30 of this video. Reggie Middleton explains it quite succinctly....The current economic warfare is all about competition for capital between EU, US and China. Sure looks like EU will fall first. The lone survivor or survivors (if the remaining parties ever come to compromise) will become the economic leader(s) of this New World Order. My advice: Get some popcorn, precious metals and enjoy the show. Violent swings in the financial markets is to be expected.

Financial Warfare

http://www.zerohedge.com/news/financial-warfare

As all of you know, I think it is nearly impossible to make money in this market (if you want to call it that) unless you assume all things are gamed and manipulated.

See, once again things aren’t as simple as they may seem. Gold is not falling, emerging market currencies have just been devalued. This is what might be expected within the current macro environment of general fiat currency death as the globe enters a recession within a depression.

World Economy Collapse explained in 3 minutes

Trader on the BBC says Eurozone Market will crash



I am boarding the flight to Switzerland in ten minutes. Take Care People. Talk to you guys again post crash.