[FoRK] Euro Bonds etc.

Albert S. albert.scherbinsky at rogers.com
Tue Jan 17 08:55:51 PST 2006


Disclaimer:
Nothing I say on this list should be considered
investment advice. What you do with your money is your
business. What I do with my money is my personal
investments, blah blah blah, yada, yada yada. Seek
real professional advice before losing your money.

Albert

--- "Albert S." <albert.scherbinsky at rogers.com> wrote:

> 
> Well look at that, the Euro is down big against the
> US
> dollar today. It's a traders market. Take your
> profits
> where you find them. Last week I saw it down a whole
> cent one day and right back up the whole cent the
> next. It's a roller coaster ride, weeeeeeeeeee.
> 
> Extreme volatility, be careful out there. :)
> 
> Cheers,
> Albert
> 
> --- Damien Morton <fork at bitfurnace.com> wrote:
> 
> > Anyone been tracking the return rate on Fork tips?
> > 
> > > Bill Humphries wrote on 1/16/2006 2:02 PM:
> > >>
> > >> On Jan 16, 2006, at 1:43 PM, Lucas Gonze wrote:
> > >>
> > >>> What's March 20th?
> > >>
> > >> 1. Google newsing around, it's the start of the
> > Islamic Republic of 
> > >> Iran's budget year.
> > >> 2. Third anniversary of the invasion of Iraq.
> > > 
> > > March 20 the Petroeuro if born, when Iran starts
> > selling oil for Euros. 
> > > The dollar becomes completely irrelevant and
> thus
> > worthless to anyone in
> > > Europe/Africa/Asia. You'd have to want to buy
> > something made in America
> > > to want dollars. Right now everyone needs
> dollars
> > to buy oil, people
> > > want oil. The only things I own made in America
> > are the things I've made 
> > > myself. Much of my food is from South America,
> > even most of the labor 
> > > around here is Mexican not American.
> > > 
> > > China, Japan, and everyone else are having to
> > issue almost daily denials
> > > that they are dumping dollars, because you just
> > cannot hide transactions
> > > that big. Buffett and all the other billionaires
> > are already out of the
> > > dollar or are fully hedged.
> > > 
> > > The only other option is a full scale war with
> > Iran, which King Bush
> > > cannot even start without forcing gas to
> > $10/gallon, and cannot win
> > > without using nukes to glassify the entire
> middle
> > east.
> > > 
> > > Both have just about the same effect on the
> > dollar. Complete meltdown as
> > > Bush prints money 24/7. Not that GM, the
> boomers,
> > and other factors
> > > won't bring this about on their own. Our economy
> > doesn't have one 
> > > problem, it has ALL the problems.
> > > 
> > > To what others said about returns, this isn't a
> > long-term investment
> > > it's to get most assets out of the dollar for
> use
> > later. Ideally,
> > > an E*trade type account where I can do most
> things
> > > stock/option/bonds/CDs, but in Euros.
> > > 
> > > The problem with "just but the euro funds" here
> is
> > that one of the first
> > > things governments in currency "situations" do
> is
> > seize all assets in
> > > other currencies for their own use, and prevent
> > you from making any new
> > > conversion out of the junk currency. i.e. all
> > those funds will be taken
> > > from you. If you buy gold for example, you need
> to
> > actually HAVE the
> > > gold in your possession, buy it with cash from
> > many brokers, etc.
> > > 
> > > Albert S. wrote on 1/16/2006 3:47 PM:
> > >> One problem with Eurobonds is that interest
> rates
> > in
> > >> Europe are very low. 
> > > 
> > > Yea, but if you adjust for the dollar, they do
> > very well. And soon, that
> > > 10%/day net interest while holding Euros will
> seem
> > good.
> > > 
> > >> Of course, the very best hedge against the Iran
> > >> situation is oil and oil stocks. Americans can
> > buy
> > >> those in a basket through XLE.
> > > 
> > > *chuckles* don't bet on that one. Most of the
> > world wants the American
> > > oil companies to get the hell out, and they are
> > running out of people
> > > foolish enough to work for them and get shot at
> > and blown up. China has
> > > neither problem - oh, and they just depegged
> their
> > currency frmo the
> > > dollar in preparation for the dollars
> comeuppance.
> > > 
> > > Good thing that guy Gore didn't get elected, oh
> > wait...
> > > 
> > 
> > _______________________________________________
> > FoRK mailing list
> > http://xent.com/mailman/listinfo/fork
> > 
> 
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> 

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