EUR/USD still within known ranges, but the Greek crisis is not something we can count on - General

myname 2015.02.19 22:43 #18311

Abdul2012:
The eur/usd fell from 1.1450 to 1.1356 today, seems it's move to the 1.1250.

Don't count on anything : politics is not something we can count on. It is stupid and irrational. Financial solutions that have political background are not based on economics, but on depth of pockets (the amount that can be stuffed into the pockets of the politicians)

Any questions from newcomers It begins: German bank Where is this "pocket".

Peeter Woolf 2015.02.19 23:09 #18312

searchingFX:
Been watching what is been presented as an "EU melodrama" for the last couple of weeks (with Greeks been presented as the "villains" not doing their part) and decided to post a "3bs" post :

bs No 1 : EU is not about some brotherhood of men or "lets get together and we shall all be rich as Midas". It is about markets. Plain and simple. Somebody decided that EU would be a perfect way to make all import taxes obsolete, and it was done. Check who profited the most from that and the "who" becomes clear

bs No 2: foundations of EU were based on ISO standards. ISO was presented as a way to improve your export chances significantly, while, in fact, it was just a legalized spying scheme. Industrial espionage became obsolete : all the masters had to do was to take an ISO set of descriptions any competing company have submitted and that was it. Again, it is easy to see who profited the most. For gods sake : FIAT that was one of the strongest companies in the world, fell a victim to such "standardization" that never should have take place

bs No 3: the "the country will profit from EU" myth. One of the latest members of EU (Croatia) had an "investing surplus" of 40 million Euros in 2014. Ie : they have payed some tax collected money in the EU funds, and they got back +40 million Euros. Super Marios salary is greater than that. And everybody keeps forgetting that the country does not have a right to tax imports any more. Just interest rates on taxes of imported goods would be at least 10-15 times greater than that laughable "investing" (excluding the import taxes - that would, btw, prevent local country industrial devastation). That is a result of the policy EU does : "You have to have a good investing plan". And those who decide of that are filling their own "plans" with real money from 400 million tax payers, while the rest gets "loans" of fiat money to be able to buy bs that the masters would never be able to sell if there was no "duty free" zone called EU. Again, very easy to check who profited the most

There is much more bs points that could be talked about, but these 3 are enough to start with

So, go Greece. Finally someone had the guts to tell "no more". WWIII happened right before our eyes but this time we were told that it is good for us. Time to rewind the winners feasts - bloodsucking can never last for long

Well said, yes go Greece.

csc2009 2015.02.20 00:44 #18313

Greece is running out of time, as much as 25 billion euros have left Greek banks since the end of December. Check it out the article: Urgency to Pull Cash Out of Greek Banks.

myname 2015.02.20 05:48 #18314

csc2009:
Greece is running out of time, as much as 25 billion euros have left Greek banks since the end of December. Check it out the article: Urgency to Pull Cash Out of Greek Banks.

That is a big problem

Eurusd/gbpusd - page 1832