[-empyre-] entanglement

[Nicholas Ruiz III]

sounds like a tall order...to get the world to agree to a universal currency...not to mention all of the $billions in currency trading that would go down the drain...? 

Nick


Nicholas Ruiz III, Ph.D Editor, Kritikos http://intertheory.org


--- On Fri, 4/3/09, jeff pierce <zentrader at live.ca> wrote:

> From: jeff pierce <zentrader at live.ca>
> Subject: Re: [-empyre-] entanglement
> To: "-empyre-" <empyre at lists.cofa.unsw.edu.au>
> Date: Friday, April 3, 2009, 10:08 PM
> 
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> -Nick-
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> 
> What is a stock market really 'worth'? Five
> times earnings? Ten times earnings? One hundred times
> company earnings?
> 
> 
>  
> 
> Ah, the age old quest for the Holy Grail of investing. This
> is why I use technical analysis solely in determining which
> stocks I buy and how long I hold onto them. Rarely do I ever
> look at fundamentals because ultimately that is a lagging
> indicator in a sea of forward looking statistics. If one
> could put an earnings tag on the value of the stock market
> then bubbles would never occur. The market at it's most
> basic sense is worth exactly what the last
> person standing will pay for it, an auction of sorts.
> 
>  
> 
> -Davin-
> 
>  
> 
> GM is worthless to me personally because of the
> "unknown" factor if it will even be a company six
> months from now. I have to have an edge when I trade,
> defined by Curtis Faith (One of the famous turtle traders)
> as "an exploitable statistical advantage based on
> market behaviour that is likely to recur in the
> future." Because we are in uncharted territory with GM
> I wouldn't even consider it. As with the financial
> stocks in the height of the "financial crisis" I
> never looked at them because of too much uncertainty. Yes it
> was likely they were all going to fall and fall hard, it was
> more like gambling and the moment you go down that path you
> cease to be a trader anymore.
> 
>  
> 
>  
> 
> And since you brought it up, I wanted to touch upon the
> very real fear of a "one world currency." The US
> is systematically destroying the value of the dollar. That
> is a fact, not up for debate. All you have to do is look at
> this chart (as far as my charting service goes back) 
> 
>  
> 
> http://twitpic.com/2sjh3
> 
>  
> 
> to see the longer term trend of our currency. The problem
> is that all countries are printing money and devaluing their
> currency as well. All fiat currencies fail in the end and
> the end result will be the same this time. I believe they
> will start with regional currencies (much like the Euro) in
> the America's and Asia and then eventually move to a one
> world currency as the siren call of
> "globalization" will be to great to avoid. 
> 
>  
> 
> Who knows, if they think they could pull it off in a year
> or two they may try to make a push for a one world currency
> if all their "bells and whistles" actually
> destabilize the world's financial system instead of save
> it. That may just be the excuse they're looking for to
> pull off their slight of hand. I'm very much against all
> this government intervention (manipulation) and I think this
> is going to end very badly. There just may be one more
> hurrah as everyone thinks everything is going to be alright
> now that the G-20 is here to save the day.
> 
>  
> 
>  
> 
> -Joseph-
> 
>  
> 
> As I was reading your story about that German town I
> thought, "wow, eutopia." Then I read the ending
> and realized there is no such thing.
> 
>  
> 
> jeff
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> > Date: Fri, 3 Apr 2009 08:20:30 -0700
> > From: editor at intertheory.org
> > To: empyre at lists.cofa.unsw.edu.au
> > Subject: [-empyre-] entanglement
> > 
> > 
> > welcome and thank you to all and our guests...
> > 
> > As the Dow Jones Industrial Average languidly sells
> lower after touching 8000 yesterday, and after having
> rallied immensely from the recent lows of late 2008 and
> early 2009...I wonder, what is a stock market really
> 'worth'? Five times earnings? Ten times earnings?
> One hundred times company earnings?
> > 
> > It's a bit like asking: What is Picasso's
> "Guernica" worth? Or Hirst's "For the
> Love of God"? Remarkably, valuation is a creative
> enterprise, no? Another negative US employment report this
> morning, over 600,000 jobs lost...highlighting another of
> our 'creations'...What is the extent of our
> entanglement with such 'creativity'?
> > 
> > Nick
> > 
> > 
> > 
> > Nicholas Ruiz III, Ph.D Editor, Kritikos
> http://intertheory.org
> > _______________________________________________
> > empyre forum
> > empyre at lists.cofa.unsw.edu.au
> > http://www.subtle.net/empyre
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