VegasVic

I see that we still have a multitude of bitter expat U.S.A. haters here on the thai visa board, some things never change

ExpatOilWorker, on 2011-11-15 08:38:26, said:

Expat oil worker,  Your post is spot on   The Euro is currently hanging on by a thread, and if (when?) the Germam people decide enough is enough then that thread will be severed and the Euro and EU would fade into the abyss as another failed experiment:o Japan is entering into a demographic nightmare and an extremely dangerous situation ahead given the fact that they need to import nearly all their raw materials, the Chinese government is finding out that once people get a taste of prosperity they want more of it so look for wages to continue to rise in China and look for more and more labor problems and pressure from the masses about the streams, rivers, lakes, land and air being poluted, so the days of cheap Chinese products will soon be a thing of the past     The U.S. on the other hand will begin to get their budget under control (after the election a year from now), and the U.S. Dollar will begin a major long term rebound in 2013.  Bazil and India will come out of all this as the big winners over the next couple of years, but neither of their curencies could ever replace the U.S. Dollar as the worlds reserve currency, and so once again by default the U.S. Dollar will reign as King of the currencies

nong38, on 2011-11-15 07:36:17, said:

Nong,  Be very careful chasing high interest paying investment vehicles in the current environment, you may find out a couple years from now(or sooner) that your principal is substantially diminished, as Naam said they are paying that high interest rate for a reason  

krading, on 2011-11-14 09:20:36, said:

Yes indeed just a long hyped up advert. Porter Stansberry is a self promoting clown, he always has been and likely always will be  

serenitynow, on 2011-10-05 20:22:55, said:

Very true serenity, the USD is the mother of all carry trades at the moment just as the YEN use to be, and when the YEN carry trade unwound the YEN skyrocketed and the same will happen with the USD when the carry trade unwinds. My guess would be sometime in mid to late 2013 U.S. interst rates will begin to rise and the USD will appreciate quite rapidly, so all those big multinational U.S. corporations that are enjoying a free ride ala the weak USD had better sock away the easy money that they are making at the moment due to that weak USD   As for the EURO I hope I was wrong a couple years ago when I said the EURO would not make it past 2012, perhaps if Greece can cut the jobs they need to cut and reign in the salaries of retired public sector workers and give the bondholders a 50% haircut then there is a way out of this for the EU, if not then the EURO will plummet and the future of the EU itself will be hanging on by a thread. Even if Greece is bailed out then Italy is next at the trough and that is a horse of a different color, and of course the 800 pound gorilla in the room that nobody wants to talk about is SPAIN I'll say a few Hail Marys and Our Fathers for the Thai flood victims as well as the EU tonight!