[SweetSmellofMoney]

$this->bbcode_second_pass_quote('skeptik', '')$this->bbcode_second_pass_quote('SweetSmellofMoney', 'A')nswer this!
Sir, answer the question and I may consider you point of view! LOL!

[Falconoffury]

I PMed the answer to the riddle. I enjoy these kinds of riddles. It gets easier if you draw five houses on a piece of paper and write what you figure out below each house as you figure it out.

I wouldn't mind more of these logic riddles, but try to keep them in the open discussion forum.

[SweetSmellofMoney]

$this->bbcode_second_pass_quote('Falconoffury', 'I') PMed the answer to the riddle. I enjoy these kinds of riddles. It gets easier if you draw five houses on a piece of paper and write what you figure out below each house as you figure it out.

I wouldn't mind more of these logic riddles, but try to keep them in the open discussion forum.

[EnergyUnlimited]

$this->bbcode_second_pass_quote('SweetSmellofMoney', '
')ALBERT EINSTEIN WROTE THIS RIDDLE EARLY DURING THE 19th CENTURY. HE SAID THAT 98% OF THE WORLD POPULATION WOULD NOT BE ABLE TO SOLVE IT.

LOL!

[SweetSmellofMoney]

$this->bbcode_second_pass_quote('EnergyUnlimited', '')$this->bbcode_second_pass_quote('SweetSmellofMoney', '
')ALBERT EINSTEIN WROTE THIS RIDDLE EARLY DURING THE 19th CENTURY. HE SAID THAT 98% OF THE WORLD POPULATION WOULD NOT BE ABLE TO SOLVE IT.

LOL!

$this->bbcode_second_pass_quote('SweetSmellofMoney', 'P')ersonally I forecast the EURO to retrace to better than parity with the USD while the GBP maintains above strength by not to the levels of the past 8 years.

This Dutch Disease will linger much longer in the Emerging Markets and all the over regulating will not change things anytime soon for either of them.

Again, it may take till the end of the year but Crude should retrace to test the 30's by Winter, Gold to near 610 and Commodities to 8 year lows.

GL

[copious.abundance]

Hmmm . . .
$this->bbcode_second_pass_quote('SweetSmellofMoney', 'P')ersonally I forecast the EURO to retrace to better than parity with the USD while the GBP maintains above strength by not to the levels of the past 8 years.

This Dutch Disease will linger much longer in the Emerging Markets and all the over regulating will not change things anytime soon for either of them.

Again, it may take till the end of the year but Crude should retrace to test the 30's by Winter, Gold to near 610 and Commodities to 8 year lows.

GL

[Micki]

$this->bbcode_second_pass_quote('OilFinder2', 'H')mmm . . .
$this->bbcode_second_pass_quote('SweetSmellofMoney', 'P')ersonally I forecast the EURO to retrace to better than parity with the USD while the GBP maintains above strength by not to the levels of the past 8 years.

This Dutch Disease will linger much longer in the Emerging Markets and all the over regulating will not change things anytime soon for either of them.

Again, it may take till the end of the year but Crude should retrace to test the 30's by Winter, Gold to near 610 and Commodities to 8 year lows.

GL

[oiless]

Not a bad riddle.
I prefer to solve things like this in my head, feels like cheating if I lay it out on paper.

[SweetSmellofMoney]

What we have here is a currency imbalance created by speculation and poor Government!

Many people can assume that Gold is the currency of choice but in reality its but another commodities in many ways the FIAT is likewise nothing more than another commodity and the most traded commodity is Crude.

Lets for one minute take a very valuable look at the state of the FIAT, for example; Germany trade links have been are and will always mirror the US industrial system and considering that the German EURO is the most sought after EU currency that in itself should be an indicator of EURO parity to the USD, if trade coexistance is to occur, the problem being the imbalance between valuations in GDP from state to state in the EU and overall manipulation and corruption.

Any EURO bubble will crush exports as will any USD bubble crush US exports, so parity is a certainty.

The current wildcard in the FIAT is and has been the HKD through Chinese manipulation the HKD who's claims to have been unpegged to the USD are just that claims and the Chinese governments knows this better than anyone.

I could speak about China's refusal to enter the global currency market but for my important point all we need do is look at China's Foreign Currency Reserves currently at approx 1.9 Trillion with 500 Billion estimated in US denominations, much of that has been realized as USD debt under this administration.

Now, lets take my point to the next level and speak of Hong Kong's Foreign Currency Reserves estimated at 160 Billion in USD.

Considering the Renminbi's global exposure to counterfeiting makes the state run currency suspect and worse of all invalidates its actual global standing.

Currently the only true sustainable currency value is its Foreign Currency Reserves and that of Hong Kong then again if China were to truly enter the Global Currency markets we would surely and without doubt watch as the Renminbi/Yuan decline at such a pace that it would crush the overly inflated GDP numbers and the Chinese economic growth indicators.

So, what other currencies are there in the global markets that can compete with the USD on a global scale other than the EURO?

What we have seen has been a Dutch Disease that takes into account many factors in the Global Imbalance of Trade while overly inflated currency speculation and China's manipulation of the Renminibi/Yuan has place undue pressures on currency such as the AUD CAD JPY EURO and the USD of course there are many others but for the sake of not listing them all where real transparencies in China and agreements to enter the Western Standards of International Accounting are a must.

Now, as the evolutionary organics of global trade have in fact found the leaks we have some very serious problems throughout the financial world the first being Russia, Iran and Venezuela then we have the current situation in the Emerging Markets which for the time being has been shored up and found relief by increasing the extensions of Credit through the IMF.

In fact many failure have created this Global Imbalance the first being the overly exhuberance of the EU to increase its membership into the EU and the second was the failure of the WTO to complete a Risk evaluation of GLOBALIZING the trade with China and without taking into consideration the Risk/Rewards, currently there is no going back but still the Risk evaluation must be completed beginning with China's M1, M2 and M3.

As for the claim of an overly exhuberant demand of Global Labor that China contributes are in fact that excesses, as on a Global Scheme there are equally a great number of nations states that can fill the needs currently enjoyed by China's trade partnerships with less pressure on the use of the global natural resources.

Indeed it is a good thing that China is in fact a member state of the WTO but in return they must act as responsible members this idea that the Renminbi/Yuan can become the Global Currency is just that an idea concocted by those wishing to under mind the current path to Globalization, vis a vis Russia, Iran and Venezuela and those in China that object to the current ties with the US.

So you see parity with the EURO has far more reaching importance than simply current trade agreements!

Therefore China's 2 Trillion in foreign currency reserves is but a drop in the bucket on the Globalization Scale for example the US Exchanges trade better than 11 Trillion USD on any given day and the US Economy current worth is estimated at better than 4 Quadrillion USD YOY!

Any attempts to isolate or under mind the US economy would most surely end in a Global Macro/Micro Monetary disaster!

Currently, the Credit Markets are regaining control over the leaks and building on the expectations that a full recovery is underway, I expect by mid 2009 the USD and the EURO will find parity and trade will double if not triple by years end of 2009 increasingly expanding globalization on a scale never expected.

Regards

[SweetSmellofMoney]

Current Crude Production cuts will have little affect on the downward trend of Petro Prices.

Rather simply adjust the demand requirements forecast by the very nations that purchase their current crude production.

http://www.gulf-daily-news.com/Story.as ... ueID=31226

Currect forecast expectation have crude pricing declining an additional 20% by years end as overall global demand continues to retrace and global macro/micro economies are forecast to continue slowing especially those in the asian nations.

All current forecast are calling for continued declines in commodities including PM and Agri


Regards