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Socialist Francois Hollande wins French presidency

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Tim_Tex
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09 May 2012, 11:30 am

As far as foreign policy, he is really going to be a thorn in our balls, even if Obama is reelected.


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CSBurks
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10 May 2012, 3:48 am

ruveyn wrote:
CSBurks wrote:
What can we expect from the French?

I'm just waiting for the Euro to collapse. I just wonder if the dollar will collapse first.


The collapse of the Euro is the salvation of the dollar.

ruveyn


I fail to understand your reasoning in this. You do realise the monetary base has increased 200% in just 4 years? Based on historical trends, that is more than a decade's worth of monetary expansion in less than half the time. Granted most of it is in excess reserves, as there is a 99% statistically significant correlation between the two variables.



visagrunt
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10 May 2012, 12:14 pm

CSBurks wrote:
I fail to understand your reasoning in this. You do realise the monetary base has increased 200% in just 4 years? Based on historical trends, that is more than a decade's worth of monetary expansion in less than half the time. Granted most of it is in excess reserves, as there is a 99% statistically significant correlation between the two variables.


How hard is it to understand global finance?

The failure of the Euro to emerge as a significant reserve currency means that there is nothing to displace the US dollar as the default medium of foreign exchange. That means that all the rest of us are effectively obliged to buy US dollars, which means that we will continue to underwrite the US fiscal deficit.

The day that a new global currency comes into existence is the day that the fiscal chickens come home to roost in the United States.


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11 May 2012, 12:54 am

[youtube]http://www.youtube.com/watch?v=A8yjNbcKkNY[/youtube]


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CSBurks
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11 May 2012, 3:52 pm

visagrunt wrote:
CSBurks wrote:
I fail to understand your reasoning in this. You do realise the monetary base has increased 200% in just 4 years? Based on historical trends, that is more than a decade's worth of monetary expansion in less than half the time. Granted most of it is in excess reserves, as there is a 99% statistically significant correlation between the two variables.


How hard is it to understand global finance?

The failure of the Euro to emerge as a significant reserve currency means that there is nothing to displace the US dollar as the default medium of foreign exchange. That means that all the rest of us are effectively obliged to buy US dollars, which means that we will continue to underwrite the US fiscal deficit.

The day that a new global currency comes into existence is the day that the fiscal chickens come home to roost in the United States.


I don't think that the dollar will retain its reserve status when it's not worth anything.



CrazyCatLord
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11 May 2012, 5:27 pm

ruveyn wrote:
CSBurks wrote:
What can we expect from the French?

I'm just waiting for the Euro to collapse. I just wonder if the dollar will collapse first.


The collapse of the Euro is the salvation of the dollar.

ruveyn


Which might explain why Wall Street banks had a hand in manufacturing the Greek debt crisis.