2022/09/18 (071) Column

„The US Dollar
Is Our Currency,
But Your Problem!“

The US Dollar Is Our Currency, But Your Problem!

“The dollar is our currency, but your problem!”  This callous statement comes from John Connally, who was US Secretary of the Treasury under President Richard Nixon. With this legendary sentence Connally commented in 1971 on the criticism of his decision to abandon the gold status of the dollar. The sentence describes, at least in my opinion, the American attitude to this day. The US does what they want with the US dollar – with little regard for others. But I don’t want to criticize the US dollar in my colimn today. No, but rather to briefly and/or concisely draw attention to the retrospectively negligent, expansive, dovish monetary policy, as well as fiscal policy, both in the USA and, more importantly, in the euro zone. And describe that by using the energy policy of our liberal green social-democratic federal government. Which I, by the way, last year 2021, during the last election campaign, as a conservative, freedom-loving (after 16 years of Merkel), had explicitly supported politically. But I didn’t expect such an energetic economic-political disaster either. Our federal government, in my home country Germany, like Sleepy Joe Biden’s US democracy, is less competent than I ever culd imagine! Incidentally, as Sean Hannity tries to make clear to us every evening in his TV show of the same name on Fox News every working day.

But let’s come back to Germany, to my home country.
Because compared to the USA, I see the same left-wing, green, fantastic policy ideas here that only cost us materially and/or in monetary terms. We have only to pay! And that both as a taxpayer and, more importantly, as a consumer, meanwhile too. Too much! But at least the US has some black commodities and oil, so that under a new Conservative government, they will be able to use it again. If voters even choose a US Republican in the White House again. But we here in Germany have no raw materials! Are therefore absolutely financially materially dependent in terms of basic resources services. And our neighbors know that. Every other foreign government know that! There is no worse starting point for bilateral negotiations, politically self-caused and wanted! “If you could burn nonsense, our energy problem would be solved,” wrote Roland Tichy recently. But I’m afraid, that in retrospect, that’s just only an another competent line from a freedom-loving conservative; remain during a liberal green social democratic federal government, in our both hood old Germany. Because even if this energy source were usable. It’s not about energy. It’s about green socialism, under the guise of a liberal democracy. So about ideology; just as it was with our right-wing political grandparents under Hitler in my home country of Germany. And or also like back then under our left political parents under Honecker, in the former East Germany. And okay, admittedly, you can’t compare these two. I hear the outraged criticism in my left ear! Sorry, given! The National Socialist government under Hitler was not only centralistic and not competently expansive in terms of monetary policy and fiscal policy. No, they were much more also extremely belligerently anti-Semitic against Jewish capital. Against foreigners. Against Christians. Against Muslims. Against those who think differently; as they did. In contrast to Honecker’s civilized, but also nevertheless centralistic and also much more not competently expansive monetary policy, and also fiscal policy. The leadership in the GDR was definitely not anti-Jewish. But definitely use capital as a synonym for jews (even like Marx in his books). Even also not outspoken against foreigners, one was in the GDR. Also not pronounced against against Christians. Not even against Muslims. Not even against those who think differently. But, behind walls, with snipers, the civilized liked only among themselves; among his peers. That’s why Tichy, the publisher of Tichy`s Einblick, a freedom-loving conservative monthly Magazine and/or website, is certainly more than right, if that can be, with his following quote: “In our Germany, children’s heads are in power. Children’s minds, without memory, education, knowledge, historical awareness. Angry boys and silly girls. And so it will be cold and poor and cramped.”  Even liberal, green, social-democratic, secular ideologues in power who, with the help of science, are attempting to legitimize their power in formal legal terms. However, they are even inferior to uncivilized Nazi Germany and/or civilized formerleft GDR. Which should mean a lot.

However, God help us! Help me, to promote a classic conservative freedom-loving political idea; even like in former West Germany, after a lost and previously triggered 2nd World War? And that today, in 2022, without having to wage an economic war first! Just a reminder; We have the diligence of our grandparents and parents to thank for the fact that Germany is now one of the leading nations in the world, as well as the people who go to the factory, office, bakery and hairdressing salon day in, day out – sometimes for 40 hours minimum wage work the week. Today’s prosperity is hard-earned. It is not given, not transferred given. And that`s why, sooner or later, we will not get out of the green social-democratic pit under the guise of a liberal democracy without a conservative, hawkish monetary policy, and/or rather also not without a conservative, hawkish fiscal policy. As our conservative, freedom-loving parents taught us as children! Isn`t it?

DEVISE 2 DAY 48h – Price Action News

Wall Street Falls For 3rd Week
Major US stock indices extended losses on Friday to close at levels not seen since mid-July, as the concerning warning from FedEx reaffirmed investors’ worries about the darkening global growth outlook. The Dow closed almost 140 points lower, while the S&P 500 and the Nasdaq dropped 0.7% and 0.9%, respectively. FedEx shares plunged over 20% after it withdrew its full-year guidance and announced cost-cutting measures, citing “significantly worse” global economic trends that are set to compound as major central banks tighten monetary policy to combat surging inflation. All three benchmarks notched their fourth losing week in five, with the Dow Jones shedding over 4%, the S&P 500 retreating nearly 5%, and the Nasdaq falling 5.5%, pressured by sharp declines in policy-sensitive sectors.

Stocks On WallStreet Hit 8-Week Low
US500 decreased to a 8-week low of 3878DEVISE 2 DAY Another 48 Hours – Where I Was Wrong, Where I Was Right

Excuse me, but I think it would be best to close all our 4XSetUps Trading Capabilities this Monday, right at the start of trading hours, soon as possible!
Even though we opened 5 new ones last week I have a feeling that we are about to see new lows in the US stock market. And because I also want you to operate profitably on the financial market, I unfortunately have no choice but to write to you: “Close all open 4XSetUps immediately! Except not YM1!, not DXY and/or also not UKOIL! So that we stay this week only long in the YM1!, in the DXY, and/or even short in UKOIL!”

Close our MSFT long trading capability (from 03/07/2022) with a lost of 41.26 $ (last price 244.74 $ as we went long at 285 $) at once. Close our GBPJPY long trading capability (from last monday 09/12/2022) with a lost of 2.04 GBPJPY (last price 163.21 GBPJPY as we went long at 165.25 GBPJPY) soon as possible. Close our VOW3 long trading capability (from last tuesday 09/13/2022) with a lost of 6.54 € (last price 145.46 € as we went long at 152.00 €) immediately. Close our LVMH long trading capability (from last wednesday 09/14/2022) with a lost of 12.4 € (last price 637.5 € as we went long at 649.9 €). And/Or last but not least also our GS long trading capability (from last thursday 09/15/2022) with a lost of 1.05 $ (last price 326.21 $ as we went long at 327.26 $).

Apologies again, as already written. But I’m getting back to my principles. Always only an intrinsic proactive 4XSetUp regardless of what others tell me and/or the current price action is. That`s why I’ll only formulate 4XSetUps if you’re intrinsically proactive, like shit – and I have to go to the toilet. But that doesn’t mean that you can’t keep writing to me! On the contrary; I look forward to every email from my readers. Read and answer them too – sooner or later. No problem.

Like as I wrote last week, at the age of 44 I now feel like an old US WallStreet veteran. Although I feel like Danny Glover (“I’m too old for this shit!”) from the 4-part Hollywood police cinema action movie Lethal Weapon. Who can hardly wait for his police colleagues to finally send him into retirement. Because of the theather around him everyday. But what else am I supposed to do? I’ve been dealing with US WallStreet for more than half my life, (in)directly (un)successfully…