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May 14th -- Big Day on the markets


Varsovian 91 | 634
14 May 2010 #1
This might be the start of something really big.

Poles in the UK watch the pound plummet against the Dollar and then against the Euro.
Watch the stock markets roll over.

Gold is ready to FALL in value - as private Austrians have bought up all available physical gold in the hope it will rise. They're scared Creditanstalt will fail, like it did in 1938 despite massive political support.

Of course it may never happen, but ...
SeanBM 35 | 5,797
14 May 2010 #2
Poles in the UK watch the pound plummet against the Dollar and then against the Euro.

No change against the Zloty that I see.

Kursy średnie (2010-05-13)
EUR 3,9591
GBP 4,6493
USD 3,1473

nbp.pl/home.aspx?f=/kursy/kursy_wiecej.html
plk123 8 | 4,138
14 May 2010 #3
Gold is ready to FALL in value

i agree.. this is the next bubble to burst.. sell it if you have it, NOW!
z_darius 14 | 3,964
14 May 2010 #4
If the paper money is becoming worthless and gold follows then I guess the last "safe" investment remaining is military grade uranium. Kinda dicey to keep it in the mattress though.
ShawnH 8 | 1,491
14 May 2010 #5
I guess the last "safe" investment remaining is military grade uranium

I have read some glowing reports about this commodity.
OP Varsovian 91 | 634
14 May 2010 #6
Since writing this morning:

FTSE has fallen 2.64%
GBP is holding up against EUR but has fallen further re USD to $1.45
USD/PLN up 9gr at PLN 3.24, extending the gains of last week
WIG 20 down 2.8%
time means 5 | 1,309
14 May 2010 #7
down

As are all the markets. So what is your point wise oracle?
Marek11111 9 | 808
14 May 2010 #8
only one safe investment opportunity remain
buy farm land so you can feed yourself as all fiat currencies will
go down bye bye euro zone , bye bye dollar bey bye value of your house
bye bye you savings bye bye your 401k we are going back to feudal system
Wroclaw Boy
14 May 2010 #9
No change against the Zloty that I see.

There was a nice profit to be made last week on the Zloty - Pound; it jumped to 4.85 for about five days, then straight back down again to around 4.63.

Up from an all time low of 4.16 in Februaury.

bye bye

Dont think its come to that just yet mate, hold your horses for a while.
Marek11111 9 | 808
14 May 2010 #10
Dont think its come to that just yet mate, hold your horses for a while.

it's the start of depression and noting will stop it now
SeanBM 35 | 5,797
14 May 2010 #11
There was a nice profit to be made last week on the Zloty - Pound; it jumped to 4.85 for about five days, then straight back down again to around 4.63.

That was with Greece dragging it down, wasn't it?
I'll have to pay attention to when Portugal goes down, I could make a shilling.

The PIIGS countries seem the strongest countries to drag the Euro down. My guess is Portugal will be next then Ireland then Italy, Spain might scrape by... This is just a prediction.

As for the Dollar in the original post.... Good question, we can't escape it, America is the superpower and with it's recovery comes all our recoveries and with it's down turn...
Wroclaw Boy
14 May 2010 #12
That was with Greece dragging it down, wasn't it?

I dont think so, Greece dragged the EUR down. The GBP to PLN was a combination of issues the main one being election time UK.

Good question, we can't escape it, America is the superpower and with it's recovery comes all our recoveries and with it's down turn..

Not America as such although if you had to give it a name it would be America, nah its the big boys controlling Americas banks and financial institutions ie Rockafellas, Rothschilds.
Marek11111 9 | 808
14 May 2010 #13
I dont think so, Greece dragged the EUR down. The GBP to PLN was a combination of issues the main one being election time UK.

the banks from England and U.S. dragged Greece the speculators went after Greece bounds
and that what cause Greece and eventually Euro-zone to collapse
Wroclaw Boy
14 May 2010 #14
Whilst i appreciate your enthusiasm Marek regarding world policy i think youve exagerated on the Greek scenario, Greeces economy has gone to shite form inward policy or lack of it. You cant pin this one on the Zionists im afraid.
analogtodigital
15 May 2010 #15
It's just like this: the worth of money is nothing because it is made out of nothing (system of fractional banking)
skibum 8 | 62
15 May 2010 #16
Greece dragged the zloty down, and the £ grew stronger. The high was 5.0018zl to the £ on Fri 7th, when the early results were coming in from the UK election, then as the results started to turn to indicate a hung parliament the £ lost value, and continued to lose whilst the parties negotiated a government losing over 10% from the high, the pound strengthened slightly as the coalition government was announced but this coincided with a bail out for the Greeks so not much effect. Now the effect is coming through and we may get back up to 4.8zl to the £ or even higher, at least for a little while.
OP Varsovian 91 | 634
21 May 2010 #17
So the crisis got worse today.
Stock markets falling.

Worse still, the banks are getting ready to STOP lending to each other again. Lehman II mentality as fear takes hold of the financial institutions.

Sovereign default fears: Italy and Spain are the big fears. Portugal is small fry, as is Greece, in comparison. No-one has talked about Belgium yet.

The UK's saving grace is that is doen't have a lot of debt to roll over in the next 12 months, as UK policy has always been to issue long-term papers. Germany's banks are horribly exposed to Club Med debts - think EUR 1,500,000,000. That's why the bailout happened. French banks have similar problems. Abbey National (sorry - what's the Spanish name now? Santander) - oopsy.

China has blown a bubble - should cause separatist problems and bloodshed. And Japan might be downrated by the agencies - which would start a complete rout.

Of course, it might never happen!
Seanus 15 | 19,672
21 May 2010 #18
It all depends on the will of those who wish to avert such a tragedy! Those greedy sods won't.
szarlotka 8 | 2,206
21 May 2010 #19
Let the markets implode. I have liquified all my assets already. Anybody want to make me an offer for my portfolio; 3 million barrels of Guinness, 6,600 firkins of fine real ale, two distilleries and a Magners in the pear tree.
pawian 224 | 24,676
12 Oct 2019 #20
Poles in the UK watch the pound plummet against the Dollar and then against the Euro.

Brexit in action.
Miloslaw 19 | 5,064
12 Oct 2019 #21
Brexit in action

You are not up to date.
Check out what happened yesterday......

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