Think the PIGS Are in Trouble? These 7 U.S. States Could Be Heading for Something Worse [View article]
Moody's, Fitch, S&P, are holding off as long as possible with any downgrades for these states. They know who' butters their bread'! Remember, these were the same entities who not that long ago were giving triple 'A' ratings to toxic junk derivatives. Yet they have the temerity to downgrade other countries? Eventually, the sorry condition of county, city, and state budgets will come home to roost. The government through the Fed will be forced to continue to go the QE route to bail out or die, despite all the talk of easing back and withdrawing support. Tax revenues down - spending up - spells more of the same.
Recent Stats Indicate U.S. Economic Recovery Was an Illusion [View article]
Its so good to read an article that lays it on the line. The truth. Straight up. No embellishments. Raw. In your face.
Maybe this is what is needed for Main Street to finally start moving to action. No sugar coated falsehoods, just in your face, cold hard facts. There is NO recovery. It has been all hype. Just ask the bottom economic third of society, who have been hit the hardest, and are now in the depths of what this really is - DEPRESSION. Plain and simple.
And So It Begins: Futures Plunge as Fed Raises Discount Rate [View article]
The discount window narrows. All this means is that the big banks (TBTF) steal just a 1/2% less than before. Tightening? More like lip service to placate the global debt market. The Fed fully realizes that 'true' tightening would inordinately endanger their fictitious, fledgling recovery. This is no more than more smoke and mirrors.
Charles - excellent article. Agree. House values will recede a further 24% - 42% before they find a bottom. With the Feds artificially propping up the real estate market and banks holding foreclosed properties off the market, or refusing to foreclose so as to not have to recognize a failed loan, the housing recovery will endure much more pain before a long, slow recovery can take place.
Unfortunately, the tragic part of this, as with most inflated prices that fall back to a long term trend line, the price tends to over shoot and bottom below the long term trend line, taking that much longer to return to normal. This is but one nail in the markets coffin. It will crash.
Gold Bugs: Beware of Fed Extermination [View article]
Wrong. Interest rates rise? Real inflation is running at 8% to 10%. Current rates are zero with ZIRP. For a rate hike to be effective it must be above the inflation rate. Ain't gonna happen. If it did, it would crater whats left of the country and make the debt service virtually impossible. Triggering an outright default on the sovereign debt. Gold is now "financialized" by Wall Street? Gold has been and always will be the ONLY true money! The rest are fiat currencies. Gold price being driven by "institutional investors?" Wrong again. This is global in scope. Start thinking outside the box instead of being American centric. Global wealth is seeking safety in the ultimate of safe havens in tough times - gold and silver. I'm sorry you didn't get in on the gold buy when it was less than $1,000 however its not too late. Your article is a fail.
To quote the WSJ is to quote the party line. The WSJ is nothing more then an establishment oligarchical/corporate shill. ALL media in the US is 90% controlled by just six huge corporations. Tow the line or find yourself unemployed. There is very little investigative journalism left in the country. What does exist is under extreme pressure which effectively muzzles it.
The other source of information in the attached graph comes from the governmental CPI. Totally useless. It says exactly what the Department of Information wants it to say!
Is golds golden era over? Far from it! It has barely started. You ain't seen nothing yet!
11 Reasons Why the Gold Bubble Will Burst [View article]
"Beggar thy neighbor". All the worlds fiat currencies are in a "Race to Debase". As long as this race to the bottom continues, the precious metals will rise in price, in lock step with the fiat currencies fall in value.
Your other arguments against gold are tiresome and old. I'm actually surprised that you didn't say "you can't eat it"! You believe that equities and the stock market is the place to be. I therefore invite you to jump in - go "all in" as they say, with all your wealth. We shall see who in the future retains their wealth. You? Or gold bugs.
Did Bernanke Pull a Fast One Last Night? [View article]
Mike Wallace is turning over in his grave! That interview was a sham! Scott Pelly handed Benny softy questions wrapped in velvet and did not challenge him with his equally soft (lying) answers. Mike Wallace would have conducted that interview much differently, at the end of which he would have handed the 'Chairman' his head on a gold platter!
"60 Minutes" has become a 'main stream media' shill show!
The only bubble to see that is remotely connected to gold - is the price. What you see is a paper bubble. Gold is not "worth" more - the paper used to buy gold is "worth" less. As the CBs print more and more - soon to become worthless!
So, when speaking of gold "bubbles" - first look at what gold is being valued in, that's where you will find your bubble.
Will Buying Silver Crash JP Morgan? [View article]
Will physical silver buying bankrupt JP Morgan? No. JP Morgan is the Fed. Remember the Fed is a private for profit bank owned by private interests, who just happen to be the TBTFs, of which JP Morgan is possibly the largest interest holder. If JP Morgan gets into trouble, the rules of game will be unilaterally changed to their favour, while being backed up by the Fed and your tax dollars. Even if this means the paper PMs derivative holders of GLD & SLV get left in the lurch! We will see +$30.00 per ounce silver by the end of this year.
And So It Begins: Futures Plunge as Fed Raises Discount Rate [View article]
This is a financial discussion site, not made for your personal edification to launch personal attacks upon other members, who are trying to shed light on an issue that has now become critical for the nation. Please take your junior high school ground attitude elsewhere.
When you say you owned "gold" when holding GLD, then you did not "own gold." What you owned was a paper derivative ETF that gave you price exposure to gold.
This recovery nonsense that has been around now since June of 09 has become tiresome. The only "recovery" that has occurred is to Wall Street and the top 5% of society, compliments of the taxpayer.
The remainder of society has not seen any improvement in their financial situation. If anything their situation has slowly become worse off. You may point to any number of statistics that portray 'improvement' however that does not mean that Main Street is any better off.
Glad to see that you dumped your shares of the GLD ETF Smart move before the mad dash rush to the exit!
Think the PIGS Are in Trouble? These 7 U.S. States Could Be Heading for Something Worse [View article]
With just one state default and no Fed bailout, the bond market will be in tatters - starting with the 'munis'. This will in turn have a ripple effect throughout the financial world. From there - let your imagination run wild and it won't be very far off from the ultimate consequences. That's why the federal government will continue their QE program to come riding to the rescue! Despite all the talk in DC about easing back and withdrawing QE - this won't happen. From this point forward as tax revenues fall and spending increases - its print or die.
Yesterday's Commitment of Traders report shows that the bullion banks have increased their silver net short positions by a whopping 5,775 contracts. The commercial net short in silver sits at 262.7 million ounces. The '8 or less' bullion banks hold 71% of the entire short position in the commercial category. This relates to approximately 165 days of world silver production! This grotesque concentrated short position has but one purpose and one purpose only - manipulation of silver price. The underlying price pressure caused by Main Street and other investors in silver is mounting and the pricing mechanism is coiled as tightly as a wound up spring. Eventually this manipulation is going to blow up in the perpetrators face, causing the price of silver to spike upwards.
Think the PIGS Are in Trouble? These 7 U.S. States Could Be Heading for Something Worse [View article]
Remember, these were the same entities who not that long ago were giving triple 'A' ratings to toxic junk derivatives. Yet they have the temerity to downgrade other countries?
Eventually, the sorry condition of county, city, and state budgets will come home to roost. The government through the Fed will be forced to continue to go the QE route to bail out or die, despite all the talk of easing back and withdrawing support. Tax revenues down - spending up - spells more of the same.
Recent Stats Indicate U.S. Economic Recovery Was an Illusion [View article]
Maybe this is what is needed for Main Street to finally start moving to action. No sugar coated falsehoods, just in your face, cold hard facts. There is NO recovery. It has been all hype. Just ask the bottom economic third of society, who have been hit the hardest, and are now in the depths of what this really is - DEPRESSION. Plain and simple.
And So It Begins: Futures Plunge as Fed Raises Discount Rate [View article]
The Fed fully realizes that 'true' tightening would inordinately endanger their fictitious, fledgling recovery. This is no more than more smoke and mirrors.
Why the Stock Market Should Crash [View article]
Unfortunately, the tragic part of this, as with most inflated prices that fall back to a long term trend line, the price tends to over shoot and bottom below the long term trend line, taking that much longer to return to normal. This is but one nail in the markets coffin. It will crash.
Gold Bugs: Beware of Fed Extermination [View article]
Interest rates rise? Real inflation is running at 8% to 10%.
Current rates are zero with ZIRP.
For a rate hike to be effective it must be above the inflation rate.
Ain't gonna happen. If it did, it would crater whats left of the country and make the debt service virtually impossible. Triggering an outright default on the sovereign debt.
Gold is now "financialized" by Wall Street? Gold has been and always will be the ONLY true money! The rest are fiat currencies.
Gold price being driven by "institutional investors?" Wrong again. This is global in scope. Start thinking outside the box instead of being American centric. Global wealth is seeking safety in the ultimate of safe havens in tough times - gold and silver.
I'm sorry you didn't get in on the gold buy when it was less than $1,000 however its not too late. Your article is a fail.
Is Gold's Golden Era Over? [View article]
The other source of information in the attached graph comes from the governmental CPI. Totally useless. It says exactly what the Department of Information wants it to say!
Is golds golden era over? Far from it! It has barely started. You ain't seen nothing yet!
11 Reasons Why the Gold Bubble Will Burst [View article]
All the worlds fiat currencies are in a "Race to Debase".
As long as this race to the bottom continues, the precious metals will rise in price, in lock step with the fiat currencies fall in value.
Your other arguments against gold are tiresome and old. I'm actually surprised that you didn't say "you can't eat it"! You believe that equities and the stock market is the place to be. I therefore invite you to jump in - go "all in" as they say, with all your wealth. We shall see who in the future retains their wealth. You? Or gold bugs.
Did Bernanke Pull a Fast One Last Night? [View article]
That interview was a sham! Scott Pelly handed Benny softy questions wrapped in velvet and did not challenge him with his equally soft (lying) answers.
Mike Wallace would have conducted that interview much differently, at the end of which he would have handed the 'Chairman' his head on a gold platter!
"60 Minutes" has become a 'main stream media' shill show!
Gold Enters the 'Mania' Stage [View article]
So, when speaking of gold "bubbles" - first look at what gold is being valued in, that's where you will find your bubble.
Will Buying Silver Crash JP Morgan? [View article]
JP Morgan is the Fed. Remember the Fed is a private for profit bank owned by private interests, who just happen to be the TBTFs, of which JP Morgan is possibly the largest interest holder.
If JP Morgan gets into trouble, the rules of game will be unilaterally changed to their favour, while being backed up by the Fed and your tax dollars. Even if this means the paper PMs derivative holders of GLD & SLV get left in the lurch!
We will see +$30.00 per ounce silver by the end of this year.
And So It Begins: Futures Plunge as Fed Raises Discount Rate [View article]
Why I Sold My Gold [View article]
This recovery nonsense that has been around now since June of 09 has become tiresome. The only "recovery" that has occurred is to Wall Street and the top 5% of society, compliments of the taxpayer.
The remainder of society has not seen any improvement in their financial situation. If anything their situation has slowly become worse off. You may point to any number of statistics that portray 'improvement' however that does not mean that Main Street is any better off.
Glad to see that you dumped your shares of the GLD ETF Smart move before the mad dash rush to the exit!
Think the PIGS Are in Trouble? These 7 U.S. States Could Be Heading for Something Worse [View article]
That's why the federal government will continue their QE program to come riding to the rescue! Despite all the talk in DC about easing back and withdrawing QE - this won't happen. From this point forward as tax revenues fall and spending increases - its print or die.
Here Comes the 'Double-Dip Recession' [View article]
Silver Spikes and Power Struggles [View article]
The commercial net short in silver sits at 262.7 million ounces. The '8 or less' bullion banks hold 71% of the entire short position in the commercial category. This relates to approximately 165 days of world silver production!
This grotesque concentrated short position has but one purpose and one purpose only - manipulation of silver price.
The underlying price pressure caused by Main Street and other investors in silver is mounting and the pricing mechanism is coiled as tightly as a wound up spring. Eventually this manipulation is going to blow up in the perpetrators face, causing the price of silver to spike upwards.