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loose_ends
Joined: 23 Jul 2007
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 Posted: Tue Nov 25, 2008 7:43 pm Post subject: South Korea to become next Iceland |
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At least that is what Max Keiser says.
http://kr.youtube.com/watch?v=9CvLex2O3lw&feature=email
I'm leaving Korea in 3 weeks and was going to sink my won into a high interest saving account. Well, I think I will reconsider and perhaps just cash out now and take my losses.
Good luck everyone else. |
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Kuros
Joined: 27 Apr 2004
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| Posted: Tue Nov 25, 2008 8:00 pm Post subject: |
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| Quote: |
| Max: This is gunboat diplomacy. America is sending the message to Korea that you either buy our fraudulent bonds or we'll blow you apart. |
Slight exaggeration, there, Max. |
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bacasper
Joined: 26 Mar 2007
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| Posted: Tue Nov 25, 2008 8:20 pm Post subject: |
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Yes, he did say South Korea, but also China and maybe even the United States.
loose ends, can Canada be far behind? |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Tue Nov 25, 2008 8:54 pm Post subject: |
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I can't watch the video now.. With what justification does he make the Korean claim?
My 2 cents is that Switzerland is the most likely to implode Iceland style (though still not likely). UBS is leveraged to high hell. |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Tue Nov 25, 2008 9:00 pm Post subject: |
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| Kuros wrote: |
| Quote: |
| Max: This is gunboat diplomacy. America is sending the message to Korea that you either buy our fraudulent bonds or we'll blow you apart. |
Slight exaggeration, there, Max. |
Nonsense. Who is this Max person?
Korea is buying bonds because they hope some American stability will rub off on them. |
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loose_ends
Joined: 23 Jul 2007
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| Posted: Tue Nov 25, 2008 9:17 pm Post subject: |
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| bacasper wrote: |
Yes, he did say South Korea, but also China and maybe even the United States.
loose ends, can Canada be far behind? |
Canada won't be far behind imo. But at least I will be close to my family and will be able to pool our resources if the dooms day sayers are correct.
I also plan on buying gold as soon as I get back home. |
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samcheokguy
Joined: 02 Nov 2008
Location: Samcheok G-do
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| Posted: Tue Nov 25, 2008 9:31 pm Post subject: |
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Let's see Korea will become an inbred viking descended fishing country powered by hydro-thermal energy in the north atlantic.
COOL! |
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Mix1
Joined: 08 May 2007
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| Posted: Tue Nov 25, 2008 10:12 pm Post subject: |
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| samcheokguy wrote: |
Let's see Korea will become an inbred viking descended fishing country powered by hydro-thermal energy in the north atlantic.
COOL! |
And Icelandic chicks are pretty hot too...and NOT shy! |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Wed Nov 26, 2008 6:46 am Post subject: |
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| loose_ends wrote: |
| bacasper wrote: |
Yes, he did say South Korea, but also China and maybe even the United States.
loose ends, can Canada be far behind? |
Canada won't be far behind imo. But at least I will be close to my family and will be able to pool our resources if the dooms day sayers are correct.
I also plan on buying gold as soon as I get back home. |
Dude, you are behaving like those religious nuts that head to the top of some hill on an arbitrarily picked day and wait for god.
This is a recession. That's all. A nasty recession, even. But no need to start making dramatic life decisions. |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Wed Nov 26, 2008 6:53 am Post subject: |
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I watched the video. He compares opium to T-bonds. Then alludes to the USFK threatening to "blow apart" the ROK if they don't buy bonds. Then says same goes for China. Chinese peasants should revolt now for fear of being "enslaved" by Bernake. Then moves on to say that he is being censored by Saudi and this is why the Arab states (Gulf) are buying T-Bills. Then says Iceland was sold bonds and this was why the collapse.
Ok. This Max guy is just put on tv for entertainment. Loose Ends, camon. |
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ernie
Joined: 05 Aug 2006
Location: asdfghjk
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| Posted: Wed Nov 26, 2008 4:42 pm Post subject: |
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| opium is way cooler than t-bonds. |
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