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FWIW

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Everything posted by FWIW

  1. I have really missed you CGNAO! All the best, fwiw
  2. The hand that gives is always higher then the hand that takes. Full quote here: http://libertymaven.com/2007/06/05/the-han...-that-takes/52/
  3. FWIW

    GOLD

    I have sent you a PM Sir FitKid!
  4. FWIW

    GOLD

    Patience is a virtue! A couple more days and things may be clearer!
  5. FWIW

    UK House prices: News & Views

    The banks know what's coming...Easy equity come, easy equity go... http://www.dailymail.co.uk/news/article-12...-borrowing.html Quote Taxpayer-owned Royal Bank of Scotland has launched a Christmas crackdown on borrowing, snatching back tens of thousands of pounds from homeowners. Thousands of customers have received letters slashing the amount they are allowed to borrow on generous 'flexible' mortgages. Some borrowers say they will be forced to rein in Christmas spending, cancel holidays and put off home improvements because of the miserly step. It could also hit many small business owners who were planning to use their spare borrowing to pay tax bills in the new year. Those affected all took out a flexible mortgage called Foundations. These were special deals available to loyal customers who held a current account. The mortgage works a bit like an overdraft. Customers were given a borrowing limit based on the value of their home, but they need not take all the money offered. They only pay interest on the money actually borrowed.
  6. Fast forward to 3m22s From: Testicles 1, 2!!!
  7. http://www.guardian.co.uk/politics/2009/de...-blair-finances What is Windrush? Quote Blair is estimated to be in the process of receiving up to £14m, making him one of Britain's wealthiest ex-prime ministers. This includes a £4.6m memoirs deal with Random House. He is also receiving a series of US fees from the Washington Speakers Bureau for making speeches estimated to include a £600,000 signing-on fee; consultancies with the US bank, JP Morgan and with Swiss insurers Zurich Financial Services; and commercial consultancy deals through his private firm, Tony Blair Associates, with regimes in Kuwait and the United Arab Emirates among others. The growth in Blair's personal wealth was illustrated in May 2008, when he agreed to pay £5.75m for the late actor John Gielgud's Buckinghamshire residence, described as "a small stately home". This was in addition to the £4.45m paid earlier for a London home in Connaught Square, together with an adjoining mews house.
  8. Anyone that believes gold is not a currency has obviously never seen the ISO classifications for currencies: http://www.iso.org/iso/support/currency_codes_list-1.htm ISO 4217 currency names and code elements Entity Currency Alphabetic code Numeric code AFGHANISTAN Afghani AFN 971 ÅLAND ISLANDS Euro EUR 978 ALBANIA Lek ALL 008 ALGERIA Algerian Dinar DZD 012 AMERICAN SAMOA US Dollar USD 840 ANDORRA Euro EUR 978 ANGOLA Kwanza AOA 973 ANGUILLA East Caribbean Dollar XCD 951 ANTARCTICA No universal currency ANTIGUA AND BARBUDA East Caribbean Dollar XCD 951 ARGENTINA Argentine Peso ARS 032 ARMENIA Armenian Dram AMD 051 ARUBA Aruban Guilder AWG 533 AUSTRALIA Australian Dollar AUD 036 AUSTRIA Euro EUR 978 AZERBAIJAN Azerbaijanian Manat AZN 944 BAHAMAS Bahamian Dollar BSD 044 BAHRAIN Bahraini Dinar BHD 048 BANGLADESH Taka BDT 050 BARBADOS Barbados Dollar BBD 052 BELARUS Belarussian Ruble BYR 974 BELGIUM Euro EUR 978 BELIZE Belize Dollar BZD 084 BENIN CFA Franc BCEAO † XOF 952 BERMUDA Bermudian Dollar (customarily known as Bermuda Dollar) BMD 060 BHUTAN Indian Rupee Ngultrum INR BTN 356 064 BOLIVIA Boliviano Mvdol BOB BOV 068 984 BOSNIA AND HERZEGOVINA Convertible Marks BAM 977 BOTSWANA Pula BWP 072 BOUVET ISLAND Norwegian Krone NOK 578 BRAZIL Brazilian Real BRL 986 BRITISH INDIAN OCEAN TERRITORY US Dollar USD 840 BRUNEI DARUSSALAM Brunei Dollar BND 096 BULGARIA Bulgarian Lev BGN 975 BURKINA FASO CFA Franc BCEAO † XOF 952 BURUNDI Burundi Franc BIF 108 CAMBODIA Riel KHR 116 CAMEROON CFA Franc BEAC ‡ XAF 950 CANADA Canadian Dollar CAD 124 CAPE VERDE Cape Verde Escudo CVE 132 CAYMAN ISLANDS Cayman Islands Dollar KYD 136 CENTRAL AFRICAN REPUBLIC CFA Franc BEAC ‡ XAF 950 CHAD CFA Franc BEAC ‡ XAF 950 CHILE Chilean Peso Unidades de fomento CLP CLF 152 990 CHINA Yuan Renminbi CNY 156 CHRISTMAS ISLAND Australian Dollar AUD 036 COCOS (KEELING) ISLANDS Australian Dollar AUD 036 COLOMBIA Colombian Peso Unidad de Valor Real COP COU 170 970 COMOROS Comoro Franc KMF 174 CONGO CFA Franc BEAC ‡ XAF 950 CONGO, THE DEMOCRATIC REPUBLIC OF Congolese Franc CDF 976 COOK ISLANDS New Zealand Dollar NZD 554 COSTA RICA Costa Rican Colon CRC 188 CÔTE D'IVOIRE CFA Franc BCEAO † XOF 952 CROATIA Croatian Kuna HRK 191 CUBA Cuban Peso Peso Convertible CUP CUC 192 931 CYPRUS Euro EUR 978 CZECH REPUBLIC Czech Koruna CZK 203 DENMARK Danish Krone DKK 208 DJIBOUTI Djibouti Franc DJF 262 DOMINICA East Caribbean Dollar XCD 951 DOMINICAN REPUBLIC Dominican Peso DOP 214 ECUADOR US Dollar USD 840 EGYPT Egyptian Pound EGP 818 EL SALVADOR El Salvador Colon US Dollar SVC USD 222 840 EQUATORIAL GUINEA CFA Franc BEAC ‡ XAF 950 ERITREA Nakfa ERN 232 ESTONIA Kroon EEK 233 ETHIOPIA Ethiopian Birr ETB 230 FALKLAND ISLANDS (MALVINAS) Falkland Islands Pound FKP 238 FAROE ISLANDS Danish Krone DKK 208 FIJI Fiji Dollar FJD 242 FINLAND Euro EUR 978 FRANCE Euro EUR 978 FRENCH GUIANA Euro EUR 978 FRENCH POLYNESIA CFP Franc XPF 953 FRENCH SOUTHERN TERRITORIES Euro EUR 978 GABON CFA Franc BEAC ‡ XAF 950 GAMBIA Dalasi GMD 270 GEORGIA Lari GEL 981 GERMANY Euro EUR 978 GHANA Cedi GHS 936 GIBRALTAR Gibraltar Pound GIP 292 GREECE Euro EUR 978 GREENLAND Danish Krone DKK 208 GRENADA East Caribbean Dollar XCD 951 GUADELOUPE Euro EUR 978 GUAM US Dollar USD 840 GUATEMALA Quetzal GTQ 320 GUERNSEY Pound Sterling GBP 826 GUINEA Guinea Franc GNF 324 GUINEA-BISSAU Guinea-Bissau Peso CFA Franc BCEAO † GWP XOF 624 952 GUYANA Guyana Dollar GYD 328 HAITI Gourde US Dollar HTG USD 332 840 HEARD ISLAND AND MCDONALD ISLANDS Australian Dollar AUD 036 HOLY SEE (VATICAN CITY STATE) Euro EUR 978 HONDURAS Lempira HNL 340 HONG KONG Hong Kong Dollar HKD 344 HUNGARY Forint HUF 348 ICELAND Iceland Krona ISK 352 INDIA Indian Rupee INR 356 INDONESIA Rupiah IDR 360 IRAN, ISLAMIC REPUBLIC OF Iranian Rial IRR 364 IRAQ Iraqi Dinar IQD 368 IRELAND Euro EUR 978 ISRAEL New Israeli Sheqel ILS 376 ITALY Euro EUR 978 JAMAICA Jamaican Dollar JMD 388 JAPAN Yen JPY 392 JERSEY Pound Sterling GBP 826 JORDAN Jordanian Dinar JOD 400 KAZAKHSTAN Tenge KZT 398 KENYA Kenyan Shilling KES 404 KIRIBATI Australian Dollar AUD 036 KOREA, DEMOCRATIC PEOPLE'S REPUBLIC OF North Korean Won KPW 408 KOREA, REPUBLIC OF Won KRW 410 KUWAIT Kuwaiti Dinar KWD 414 KYRGYZSTAN Som KGS 417 LAO PEOPLE'S DEMOCRATIC REPUBLIC Kip LAK 418 LATVIA Latvian Lats LVL 428 LEBANON Lebanese Pound LBP 422 LESOTHO Rand Loti ZAR LSL 710 426 LIBERIA Liberian Dollar LRD 430 LIBYAN ARAB JAMAHIRIYA Libyan Dinar LYD 434 LIECHTENSTEIN Swiss Franc CHF 756 LITHUANIA Lithuanian Litas LTL 440 LUXEMBOURG Euro EUR 978 MACAO Pataca MOP 446 MACEDONIA, THE FORMER YUGOSLAV REPUBLIC OF Denar MKD 807 MADAGASCAR Malagasy Ariary MGA 969 MALAWI Kwacha MWK 454 MALAYSIA Malaysian Ringgit MYR 458 MALDIVES Rufiyaa MVR 462 MALI CFA Franc BCEAO † XOF 952 MALTA Euro EUR 978 MARSHALL ISLANDS US Dollar USD 840 MARTINIQUE Euro EUR 978 MAURITANIA Ouguiya MRO 478 MAURITIUS Mauritius Rupee MUR 480 MAYOTTE Euro EUR 978 MEXICO Mexican Peso Mexican Unidad de Inversion (UDI) MXN MXV 484 979 MICRONESIA, FEDERATED STATES OF US Dollar USD 840 MOLDOVA, REPUBLIC OF Moldovan Leu MDL 498 MONACO Euro EUR 978 MONGOLIA Tugrik MNT 496 MONTENEGRO Euro EUR 978 MONTSERRAT East Caribbean Dollar XCD 951 MOROCCO Moroccan Dirham MAD 504 MOZAMBIQUE Metical MZN 943 MYANMAR Kyat MMK 104 NAMIBIA Rand Namibia Dollar ZAR NAD 710 516 NAURU Australian Dollar AUD 036 NEPAL Nepalese Rupee NPR 524 NETHERLANDS Euro EUR 978 NETHERLANDS ANTILLES Netherlands Antillian Guilder ANG 532 NEW CALEDONIA CFP Franc XPF 953 NEW ZEALAND New Zealand Dollar NZD 554 NICARAGUA Cordoba Oro NIO 558 NIGER CFA Franc BCEAO † XOF 952 NIGERIA Naira NGN 566 NIUE New Zealand Dollar NZD 554 NORFOLK ISLAND Australian Dollar AUD 036 NORTHERN MARIANA ISLANDS US Dollar USD 840 NORWAY Norwegian Krone NOK 578 OMAN Rial Omani OMR 512 PAKISTAN Pakistan Rupee PKR 586 PALAU US Dollar USD 840 PANAMA Balboa US Dollar PAB USD 590 840 PAPUA NEW GUINEA Kina PGK 598 PARAGUAY Guarani PYG 600 PERU Nuevo Sol PEN 604 PHILIPPINES Philippine Peso PHP 608 PITCAIRN New Zealand Dollar NZD 554 POLAND Zloty PLN 985 PORTUGAL Euro EUR 978 PUERTO RICO US Dollar USD 840 QATAR Qatari Rial QAR 634 RÉUNION Euro EUR 978 ROMANIA New Leu RON 946 RUSSIAN FEDERATION Russian Ruble RUB 643 RWANDA Rwanda Franc RWF 646 SAINT-BARTHÉLEMY Euro EUR 978 SAINT HELENA Saint Helena Pound SHP 654 SAINT KITTS AND NEVIS East Caribbean Dollar XCD 951 SAINT LUCIA East Caribbean Dollar XCD 951 SAINT MARTIN Euro EUR 978 SAINT PIERRE AND MIQUELON Euro EUR 978 SAINT VINCENT AND THE GRENADINES East Caribbean Dollar XCD 951 SAMOA Tala WST 882 SAN MARINO Euro EUR 978 SÃO TOME AND PRINCIPE Dobra STD 678 SAUDI ARABIA Saudi Riyal SAR 682 SENEGAL CFA Franc BCEAO † XOF 952 SERBIA Serbian Dinar RSD 941 SEYCHELLES Seychelles Rupee SCR 690 SIERRA LEONE Leone SLL 694 SINGAPORE Singapore Dollar SGD 702 SLOVAKIA Euro EUR 978 SLOVENIA Euro EUR 978 SOLOMON ISLANDS Solomon Islands Dollar SBD 090 SOMALIA Somali Shilling SOS 706 SOUTH AFRICA Rand ZAR 710 SPAIN Euro EUR 978 SRI LANKA Sri Lanka Rupee LKR 144 SUDAN Sudanese Pound SDG 938 SURINAME Surinam Dollar SRD 968 SVALBARD AND JAN MAYEN Norwegian Krone NOK 578 SWAZILAND Lilangeni SZL 748 SWEDEN Swedish Krona SEK 752 SWITZERLAND Swiss Franc WIR Franc WIR Euro CHF CHW CHE 756 948 947 SYRIAN ARAB REPUBLIC Syrian Pound SYP 760 TAIWAN, PROVINCE OF CHINA New Taiwan Dollar TWD 901 TAJIKISTAN Somoni TJS 972 TANZANIA, UNITED REPUBLIC OF Tanzanian Shilling TZS 834 THAILAND Baht THB 764 TIMOR-LESTE US Dollar USD 840 TOGO CFA Franc BCEAO † XOF 952 TOKELAU New Zealand Dollar NZD 554 TONGA Pa'anga TOP 776 TRINIDAD AND TOBAGO Trinidad and Tobago Dollar TTD 780 TUNISIA Tunisian Dinar TND 788 TURKEY Turkish Lira TRY 949 TURKMENISTAN Manat TMT 934 TURKS AND CAICOS ISLANDS US Dollar USD 840 TUVALU Australian Dollar AUD 036 UGANDA Uganda Shilling UGX 800 UKRAINE Hryvnia UAH 980 UNITED ARAB EMIRATES UAE Dirham AED 784 UNITED KINGDOM Pound Sterling GBP 826 UNITED STATES US Dollar US Dollar (Same day) US Dollar (Next day) USD USS USN 840 998 997 UNITED STATES MINOR OUTLYING ISLANDS US Dollar USD 840 URUGUAY Peso Uruguayo Uruguay Peso en Unidades Indexadas UYU UYI 858 940 UZBEKISTAN Uzbekistan Sum UZS 860 VANUATU Vatu VUV 548 VENEZUELA Bolivar Fuerte VEF 937 VIET NAM Dong VND 704 VIRGIN ISLANDS (BRITISH) US Dollar USD 840 VIRGIN ISLANDS (U.S.) US Dollar USD 840 WALLIS AND FUTUNA CFP Franc XPF 953 WESTERN SAHARA Moroccan Dirham MAD 504 YEMEN Yemeni Rial YER 886 ZAMBIA Zambian Kwacha ZMK 894 ZIMBABWE Zimbabwe Dollar ZWL 932 Gold XAU 959 Bond Markets Units European Composite Unit (EURCO) XBA 955 European Monetary Unit (E.M.U.-6) XBB 956 European Unit of Account 9(E.U.A.-9) XBC 957 European Unit of Account 17(E.U.A.-17) XBD 958 INTERNATIONAL MONETARY FUND (I.M.F) SDR XDR 960 Palladium XPD 964 Platinum XPT 962 Silver XAG 961 Special settlement currencies UIC-Franc XFU Nil Codes specifically reserved for testing purposes XTS 963 The codes assigned for transactions where no currency is involved are: XXX 999
  9. There is far too much drama here! Anyone with a funking daily MACD indicator would have been anticipating this...
  10. FWIW

    HYPERINFLATION

    Yeah, about the only thing he missed out was spoons! There is no spoon deflation.
  11. FWIW

    GOLD

    2 of my 3 stops just got hit - small profits. Gonna let my last one run, so hope you are right about $1337!! EDIT: last one just got hit at 1190 - not bad for an hours work with zero stress!
  12. FWIW

    GOLD

    Very nice work! Next time let me know when you go short. You or Rick have a real knack of getting the turning points right! I went long again with 3 lots at 1186ish - all stops moved to be in profits. Now let her run to wherever she takes me!
  13. FWIW

    GOLD

    Brilliant - these jokers will get me a great discount. Igglepiggle get ready my friend.
  14. FWIW

    HYPERINFLATION

    That's probably your funniest post!
  15. FWIW

    HYPERINFLATION

    All good discussion points in the above posts - however, maybe we can stick to inflation in this one though?
  16. FWIW

    HYPERINFLATION

    You make a very good point.
  17. FWIW

    HYPERINFLATION

    I take it you have never read Adam Smith's "The wealth of nations" then? http://www.econlib.org/library/Smith/smWN.html Don't worry if you haven't - it's not exactly an easy read!
  18. FWIW

    HYPERINFLATION

    Maybe it is something to do with this bit in bold rather than a delusion?: •In economics and business, wealth (or net worth) of a person or nation is the value of assets owned net of liabilities owed (to foreigners in the case of a nation) at a point in time. The assets include those that are tangible (land and capital) and financial (money, bonds, etc.). ... en.wikipedia.org/wiki/Wealth_(economics)
  19. FWIW

    Tony Blair's finances

    Nice post at HPC http://www.housepricecrash.co.uk/forum/ind...howtopic=131841
  20. FWIW

    UK House prices: News & Views

    From http://www.citywire.co.uk/Adviser/-/news/p...p;ViewFull=True Quote House prices could be hit by 'double-dip', says Fitch By Nicholas Paler | 11:48:52 | 03 December 2009 UK house prices face the prospect of a 'double-dip' in the next few years amid high unemployment and constrained lending conditions, a leading ratings agency has warned. Delivering a bleak outlook for house prices, Fitch Ratings warned once again that it expected to see house prices come down by nearly a third from the peak seen in 2007 - despite recent monthly surveys indicating that prices have bottomed out and are starting to creep higher. Fitch, which has kept its credit outlook for UK housebuilders at 'negative' because of its concerns about the sector's debt levels, said a recovery in the housing market in the near term was unlikely, and it expected to see either no growth or further falls in price as problems came to a head. Fitch's UK housebuilder analyst Jean-Pierre Husband, said: 'A quick and sustainable improvement in UK housing conditions is unlikely, and this will restrict the potential for rating upgrades. 'The main economic indicators point towards a period of stagnation at best, or at worst a double-dip contraction in house prices.' Highlighting one of the main headwinds facing the sector, a Fitch report into housebuilders noted that: 'Over 66% of UK mortgage borrowers are now on floating rate mortgages, compared with 48% in August 2008, and their ability to service existing mortgage debt would be adversely affected by any hike in interest rates.' Fitch's view on the housing market is in-line with others who remain sceptical about the recent recovery. Capital Economics property economist, Seema Shah, said current increases in price have been driven by a shortage of property for sale, and that this was only providing temporary support before rising unemployment fed through to valuations. Shah said the small increases seen recently made no difference to the underlying outlook and basic argument that prices are still overinflated. She predicted that if rises continued sellers would become more confident about putting homes on the market, increasing supply and therefore driving down prices. She added: 'Unemployment is likely to continue rising long after the recession ends. This will also put heavy downward pressure on average earnings, with the result that pay growth could tip into negative territory next year.' 'Even if the economic outlook proves better than we expect, the housing market will not benefit. Interest rates would be raised, reducing affordability, while fiscal tightening will eat into households' disposable income. The upshot is that with the housing market still overvalued, prices are more likely to fall than to rise next year.' Meanwhile a recent house price survey showed prices climbed slightly in the last month, although growth has slowed heading into the holiday season. Nationwide said that house prices rose by 0.5% in November, taking the average house price near to early 2006 levels at £162,764. On a less volatile three-month reading, the building society said the rate of change had dropped to 2.8% from 3.5% in October.
  21. FWIW

    HYPERINFLATION

    I thought you drove a BMW?
  22. FWIW

    GOLD

    IF S&P500 rolls over (as in this video) then it could take gold priced in USD down with it (not very far but down nonetheless). http://broadcast.ino.com/education/sp5001130/ DYOR
  23. Things that make you go hmmmmmmm... Was this whole 'event' staged for a reason? http://www.bloomberg.com/apps/news?pid=206...id=aqTmHG3gcLYw Dec. 3 (Bloomberg) -- A Dubai-government owned company will buy cargo and ground handling operations at London’s Heathrow airport, a week after the emirate announced it would seek to restructure the debt of Dubai World. Dnata, an travel services provider owned by Investment Corp. of Dubai, the emirate’s main holding company, will buy cargo and ground handling operations at Heathrow and Manchester airports from Go-Ahead Group Plc for 15 million pounds ($25 million), according to a statement today. Dubai shook global markets when it announced on Nov. 25 that it was seeking a “standstill” agreement on loans incurred by Dubai World, which has $59 billion in liabilities. Dubai World said Dec. 1 it began “constructive” talks with banks to restructure $26 billion of debt. Dnata will provide airline and cargo handling to more than 20 airlines, including Emirates Airline and Etihad Airways. To contact the reporter on this story: Jonathan Browning in London jbrowning9@bloomberg.net. Last Updated: December 3, 2009 04:03 EST
  24. FWIW

    HYPERINFLATION

    I also think uk houseprices are way overvalued - once IR go up, credit is tightened, then HPI will come down. But daily essentials will be going up. Let's leave this debate here and give it time to cook.
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