tag:blogger.com,1999:blog-34323687.post6018081169255091418..comments2024-03-29T09:24:42.731+00:00Comments on Macro Man: Conversations with myselfMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-34323687.post-55570929378179222652007-01-27T01:57:00.000+00:002007-01-27T01:57:00.000+00:00"It would be difficult to exaggerate the psycholog..."It would be difficult to exaggerate the psychological and social impact of the anticipated replacement of the jumble of existing monetary systems--for many, the ultimate fortress of nationalist pride--by a single world currency operating largely through electronic impulses." ... so you wanna know the markets do ya? ... well be prepared tires ain't pretty ... European Central Bank council member Axel Weber said investors shouldn't expect central banks to bail them out in the event of an ``abrupt'' drop in financial markets. <br /><br />``If you misprice risk, don't come looking to us for liquidity assistance,'' Weber said in an interview in Davos, Switzerland at the annual meeting of the World Economic Forum. ``The longer this goes on and the more risky positions are built up over time, the more luck you need.'' ... The catalyst may come in Japan ... ``Global liquidity will dry up and when that point comes some of this underpricing of risk will normalize,'' according to Weber. ... so where does this leave us ... location location location ... due to fractional reserve banking it is possible for the usd to be considered scarce ... ... voip{think nttl.ob} has made the traditional telco obsolute {at&t nationalized? ... along with oil [eck] ... and gold/silver mines ... those that don't get nationalized will dry up due to lack of funding} ... china goes to war {they killed the fetus girls now they got too many males "imbalance sex ratio"} ... mbank {nokia/visa} did away with national currencies {hey we only need one clearing house right?} ... usa/uk made the central bank of iraq independent (now we're talking love that dinar) ... "It would be difficult to exaggerate the psychological and social impact of the anticipated replacement of the jumble of existing monetary systems--for many, the ultimate fortress of nationalist pride--by a single world currency operating largely through electronic impulses."Anonymousnoreply@blogger.com