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<p>[QUOTE=&quot;fatima, post: 1324576, member: 22143&quot;]I read this guy&#039;s response and he makes a very good point about Europe.&nbsp; It is the wild card and nobody can predict how it will end up.&nbsp; IMO, events over this past weekend are status quo changing and may very well mark the end of the Euro and the EU.&nbsp; It&#039;s devolved down to the same sort of arguments we had here in the USA about going to war with Iraq that involved &quot;freedom fries&quot; and pouring French wine in the sewers.&nbsp; The results will be the same.&nbsp;&nbsp; Not good.&nbsp;&nbsp; I can imagine this currency trader is &quot;ill&quot; because it&#039;s a status quo changing event and those who make money without providing anything useful to society are the ones with a lot of skin in the game.&nbsp; </p><p><br /></p><p>I disagree with the fellow on his statement the Federal Reserve can suck trillions of dollars in or out of the economy.&nbsp;&nbsp; While they have the right to do this, these kinds of currency shifts have direct devastating effects on the stock market and oil prices.&nbsp; The $ holds its status as the world&#039;s reserve currency because its backed by oil.&nbsp; That is anyone with $s can freely trade it for barrels of oil and the Fed can&#039;t screw this up without causing huge problems.&nbsp; Lest we forget, what blew the house bubble house of cards down was the fact that spot oil prices hit $150/barrel in late 2007/early 2008 and that was all she wrote.&nbsp; Their hands are tied and especially now since real interest rates are 0%.&nbsp; </p><p><br /></p><p>I agree that his viewpoint is bogus, but I would take his advice and stay out of it.&nbsp; It&#039;s a rigged game that almost nobody can win except those for who the rules have been designed to protect.&nbsp;&nbsp; Ask the people who had an account at MF Global.[/QUOTE]</p><p><br /></p>

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