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POPS Price Goeth Before a Fall 
As the primary defender of the U.S. Constitution when writing The Federalist Papers, he fully understood the importance of the existing government and had no desire to revert to a monarchy. In February of 1791, the Bank of the United States was created with a 20-year charter. Carpenter Hall (shown above), located in Philadelphia and meeting place for the First Continental Congress, was selected as the Bank’s location. On July 4th of the same year, the country’s first official “IPO” (Initial Public Offering) took place, when stock in the Bank was sold to the public. And for all their fears and concerns, the stock sale created a frenzy. All the stock sold in an hour, and the rumor of double-digit returns in interest sparked a frenzied speculation that simply overran people’s sensibilities. People began trading their shares, called scrip, driving the price through the roof. They stopped working, they stopped running their businesses, and newspapers came out less . . .
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POPSAftermath of Iran Elections Iran 'disqualifies' EU from talks Britain has denied allegations of involvement in the Iranian riots The EU is no longer qualified to take part in talks on Iran's nuclear programme, Iran's military chief says. Maj-Gen Hassan Firouzabadi, Iran's chief of staff, accused the EU of "interference" in riots which followed June's disputed presidential elections. EU states, meanwhile, are considering withdrawing their ambassadors from Iran in a growing diplomatic row. Britain proposed the step after Iran detained nine of its embassy staff last week. Eight have since been released. The BBC's European affairs correspondent Oana Lungescu says senior officials from EU capitals will discuss the request in Stockholm on Thursday. But diplomats say that Germany and Italy - Iran's biggest trading partners in the EU - oppose it, arguing that channels of dialogue with Iran should be kept open.
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POPSTop China Banker Calls for Wider Use of Yuan It was the first time the head of a major Chinese bank has called for the wider use of the yuan, although a chorus of senior government officials have already voiced their concerns about the stability of the dollar and have said the yuan should be used more widely. "I think the US government and the World Bank can consider the issuing of renminbi bonds," he said, asking for a "mutual cooperation" between the US and China to promote Chinese financial services. He said bond issuance could be relatively small, at between 1bn and 3bn yuan (£100m to £300m). HSBC and Standard Chartered have both said they are preparing to issue bonds denominated in yuan. Mr Guo is a former head of China's foreign-exchange administration, which manages the country's $1.9 trillion foreign exchange reserves.
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POPSChinastill buying China's official foreign exchange manager is still buying record amounts of U.S. government bonds...
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POPSIn a Down Market, the Vietnamese Dong Stays Up Of course, the Dong has had its nay-sayers; analysts who said it couldn’t stay up, that it might not always perform, that it wouldn’t keep thrusting ahead.But in the end, time has demonstrated that it’s simply not satisfying to go short on the Dong. The Dong may not be for everyone - the volatile ups and downs might wear out a timid investor - but even those with a low risk tolerance stand to make gains if they play it safe. Granted, the Dong can’t stay up forever. Past performance suggests a forthcoming climactic spike, coupled with a surge in liquidity, and an ultimate shrinking of returns. As with any investment, when it comes to the Dong, the key is to know when to pull out.
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POPSObama’s Toxic Advisors Read this article carefully. Is Obama so eager to be surrounded with ‘experience’ in his cabinet that he is over looking what that particular experience cost us as a nation, or is there a hidden agenda? Allow me to speculate: If someone in the 1990’s, or earlier, was to formulate a plan to create a ‘One World Order’, with either America at the head or a committee of international leaders, surely a major stepping stone in achieving this dream would be to control the world’s financial markets. The best method to take over these markets would be to first crash them to the point that they would need help to become solvent again. A group of nations, say for example the G20, would step in to take over the markets, thereby “saving the world”, and appointing themselves as the de facto leaders in this “One World Order”. Next step, would be to formulate a one world currency to make it easier to control. Call me paranoid but too many signs are pointing in this direction.
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POPSsay that 'he who owns the gold makes the rules'.
Why would anyone want to manipulate the gold price? Well, despite the fact that is is of barely any industrial use, gold is a highly political metal and a runaway gold price – which, by the way, we will eventually see, I am sure – tells you 'something is rotten in the state of Denmark'. If people are rushing to buy gold, it shows they do not trust the government to maintain the value of paper currency. So the aim of the manipulators, the theory goes, is to devalue gold and preserve the status of unbacked government currencies such as the dollar. And certainly, the remarkable trading pattern of the London PM and AM fix adds more weight to the theory that the West is selling gold during Comex opening hours, possibly to suppress the price. In September 1919 when the gold price was £4 18/9d per ounce. It's now more than £600. And the reception to the latest banking bail-out suggests it won't stop falling any time soon. there's no evidence that bear market is anywhere near its end.
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POPSAmerica's Last Will and Testament It astounds me that Democrats continue to paint Republicans as plutocrats when kazillionaires like Kennedy, Boxer, Feinstein, Schumer, Kerry, Clinton and even a guy named Rockefeller, sit in the Senate, and people like George Soros, Barbra Streisand, George Clooney, Warren Buffet, Bill Gates and Oprah Winfrey, fill their coffers. I used to wonder why Soros, a bottom-feeder who made his fortune in the sleazy business of currency trading, would align himself with the far left wing of the Democratic party. Then, one day, it occurred to me that I used to describe John Howard Lawson, a hack screenwriter who once ran the Communist party in Hollywood, as a man who was born to run a gulag. I now believe that Soros sees himself as a major honcho in a new Soviet United States, a man in charge of the men who would run the gulags.
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POPSMeet the World's New Reserve Currency: The Chinese Yuan The November summit in Washington could produce some unwelcome surprises which were hinted at by Thailand's Deputy Prime Minister, Olarn Chaipravat, who told Bloomberg News: , "The message of this initiative is for China to consider whether or not China would open up its banking system and allow the strongest currency in the world, which is the Chinese yuan, to be the rightful and anointed convertible currency of the world." Surely, the present financial malaise which has its roots in Wall Street and at the Federal Reserve, has demonstrated that the dollar must be replaced as the world's "reserve currency" and that America must be deposed as the de facto steward of the global economic system. Leadership implies responsibility and the US must be held to account for its failings. It's time for a change.
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POPSIf you can't play- outsource it. In fact, the trading of virtual property is so lucrative that some big online gaming companies have jumped into the business, creating their own online marketplaces. Other start-up companies are also rushing in, acting as international brokers to match buyers and sellers in different countries, and contracting out business to Chinese gold-farming factories. "We're like a stock exchange. You can buy and sell with us," says Alan Qiu, a founder of the Shanghai-based Ucdao.com. "We farm out the different jobs. Some people say, 'I want to get from Level 1 to 60,' so we find someone to do that."
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POPSIran leader dismisses US currency The dollar has weakened considerably against the euro and other currencies in the past 12 months. Its decline has affected the revenues of Opec members because most of them price and sell their oil exports in the US currency. Mr Ahmadinejad said that all Opec countries had showed interest in converting their cash reserves into other currencies. "They get our oil and give us a worthless piece of paper," he told reporters. But Saudi officials were against including any such language in the declaration. One is reported to have warned that it could add to the pressure on the dollar. However, in the communique Opec did make a reference to the debate, by committing itself to studying "ways and means of enhancing financial co-operation". Iran's oil minister said that this would allow the formation of a committee to study the dollar's affect on oil prices and investigate the possibility of alternative trading currencies.
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POPSStart Trading Forex This is a great blog site on how to start trading forex in the UK. I loved the review of Paddy Power trading and some good links to other useful sites.
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