...Idiot!
The U.K Government and Central Bank have created a 'Pringles' economy where "Once you pop, you can't stop". Just like I said here:
UK fights euro zone threat with $155 billion credit boost
UK fights euro zone threat with $155 billion credit boost | Reuters
These imbeciles think that taking money from taxpayers and giving it to banks so that they can lend it back to the taxpayers they stole it from in the first place will create growth. Talk about insanity.
REAL SAVINGS grows the economy, NOT DEBT.
The very wise and prescient Ludwig von Mises wrote more than 50 years ago:
Inflation and credit expansion, the preferred methods of present day government openhandedness, do not add anything to the amount of resources available. They make some people more prosperous, but only to the extent that they make others poorer.
The U.K Government and Central Bank have created a 'Pringles' economy where "Once you pop, you can't stop". Just like I said here:
UK fights euro zone threat with $155 billion credit boost
UK fights euro zone threat with $155 billion credit boost | Reuters
These imbeciles think that taking money from taxpayers and giving it to banks so that they can lend it back to the taxpayers they stole it from in the first place will create growth. Talk about insanity.
REAL SAVINGS grows the economy, NOT DEBT.
The very wise and prescient Ludwig von Mises wrote more than 50 years ago:
Inflation and credit expansion, the preferred methods of present day government openhandedness, do not add anything to the amount of resources available. They make some people more prosperous, but only to the extent that they make others poorer.
Using the principles and techniques I have written about in my journal I was confident enough in my market reading skills to expand my trading into other areas like commodities. I started with small positions (much more than 10p/point though!!) and took a longer term view to prove that my methodology is 100% robust regardless of time horizon. Although I didn’t record the trades here I thought I would give a brief summary.
-Palladium +44% -I regret selling
-Wheat +34% in approx 4 months
-Livestock (break even)
-Silver +67% Approx to date and still holding. Positions were opened with derivates and then rolled over into a physical ETF.
-Gold – Long term although most positions are in profit it is a long term accumulate.
This is all in addition to my longer term investment portfolio which in the last 12 months has outperformed the main indices. These successes have allowed me to have a much more relaxed approach to my trading and the necessary patience and discipline to trade only the most highly profitable and probable indications. I am only interested in being right, at the right time, and making as much money as I can when I am right. I am currently long US$140/point in a trade and hope to build a larger stake before it makes its move. My time horizon on this trade is 6-12 months which makes it more like an investment than a trade.
I continue to trade the ES contract short term as well
