FRS still can announce QE3 -- but, not before Aug 1st.
Probab. is LOW, however.
But Fed is desperate ...
On the other side -- major part of easing have been done by other Centrobanks so far
was possible ONLY through creation huge swaplines between them and FRS.
So, extending QE by other CBs will further extend these megaswaps.
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Eventually, all members of the game will fail together as a whole.
Topic: : - page 9. (Read 12709 times)
It will eventually fail entirely as we move to a post growth economy. But in the mean time there's always Africa...
when you put it like that, its hard not to see it all fall to pieces.well put!
I'm just putting this out there.
There will be no direct QE from the Fed, but it will be done through the back door of inflating currencies other than the USD. Because, their aim is not to create a net inflation for the USD, but for all the world's currencies as a whole. The net effect will be the world chasing after USD.
Do I think gold and BTC will keep pace with the USD? Yes I do.
If I am correct we will continue to see an erosion of USD as a percent of BTC trading volume. Currently 74% as reported by Bitcoincharts. And a concomitant reduction of Gox's market share as it is largely driven by USD volume, currently 61%.
There will be no direct QE from the Fed, but it will be done through the back door of inflating currencies other than the USD. Because, their aim is not to create a net inflation for the USD, but for all the world's currencies as a whole. The net effect will be the world chasing after USD.
Do I think gold and BTC will keep pace with the USD? Yes I do.
If I am correct we will continue to see an erosion of USD as a percent of BTC trading volume. Currently 74% as reported by Bitcoincharts. And a concomitant reduction of Gox's market share as it is largely driven by USD volume, currently 61%.
first you say this will mean everyone will want to use USD
then you say we will see less USD / BTC trading volume
please explain
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