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sorgmot
106 Comments
Bailout? Or Start Bailing?
Escape from Cleveland
Escape from New York
Escape from L A.
All momopolies and cartels always bring on their own collapses.
Cities started out as fortresses and service delivery spots on planet earth. They also hosted manufacturing activities. The work force was resident in the cities and walked to work up till 1910..
We are sitting in front of internet modules which are ending the values of cities, They are now collapsing and their cost of operation is now so high that they will keep in collapsing until they become what the above movies suggest.
Commutation collape goes with city collapse. Fuel price collapse goes with commutation collape.
Government revenue collapse and debt default explosion go with city collapse. City real estate becomes worthless as does real estate near cities.
No central or periferal government can stop the collapses but all will go broke in the attempt.
The US Government is now broke and the US $ is lost. Look at US Government revenues and expenses and outatanding debt. Can it survive as a financial entity? No.
What is the dollar worth if the USA government goes broke? .
Good Luck.
.
Gold Bull Market Trend Forecast
In a debate, always check the data before making a claim.
Good luck.
Gold Bull Market Trend Forecast
Europe (west of Russia) and the North American continent (above Mexico) and Japan are falling apart while the rest of the world is booming.
Of course China is a question mark as the plan seems to be to srink the population in half and then half again and etc. until the last person dies and India takes over.
The western Europe, USA, Japan economies have died and are now in paralasys under a toxic mushroom clood of dollar debt. Their governments want to explode their curremcies and their foreign debts. Their production costs and government taxes are exploding even as their consumer reeal income declines.
Currency ties of the winning half work to the Euro and $ and Yen will soon break. The winning half workd will use its Euro and US $ holdings to buy gold and back their currencies with it.
Forecasting is fun.
Good luck.
Higher Bills for the U.S. Means Higher Gold Prices
Of course he could run to a nice socialist government to get taxpayer money which he will also squander and not pay back so that the rich get richer and the poor get poorer. Hey, isn't that modern socialist?
Now, the governments of the world at all levels are complete failures by the test of wealth of nation increase. Wealth of all nations is now collapsing. Assets are not worth what they were in local currencies and local currencies are falling against commodity prices.
Good luck.
Gold Bull Sees Huge Run for Gold
The new world is internet driven and computer and machine driven. Lately, the US noid cum rifle world saw a complete collapse in the output of once desirable goods like electridy or hydro-carbon prime movers and there conduits or roads.
Prior to this collapse, the whole noid cum rifle world saw the explosion of taxation and waste in the form of governments and their derivatives such as munition makes and monoopolies and cartels like banks at all levels.
The new noid cum bot world will rise and noid living standards will stop falling, stablize, and then rise again after a 100 yeat of decline.
Governments will bankrupt and collapse as will their corrupt shakedowns and social wealth depressing handouts which can not be continued.
The current stage in the process of noid cum rifle collapse is where fiat currencies are collapsing in volume by dissapearing as are their proxies in stocks, bonds, and real estate.values dissapear. Yes, the real M's are shrinking in US $ totals fall due to cost of living infation and realizable asset vaues declines.
Now internet replaces comutation, and travel. Highly taxed real estae drives the occupants to lining groups and reduces town tax takes, Towns shut down schools and internet takes over education. Anyone can attend any school be it grade, high, or college.
From March 2008 to October 2008 US $ have been disapearing like front on a sunny morning in house values, job payments, stock share values, commodity holdings, and so called dirivitives.
The US Federal governmet has now decided to print losts more US $. And, consequently, US $ interest rates have risen and commodity prices have too. Now, the March 2008 to October 2008 changes will be eversed in the October 2008 to March 2009 period.
Good luck.
.
Barrick and Goldcorp Bullish on Long-Term Gold Prices
All the King's horses and all the King's men could not put Humpty and Dumpty back together again.
September 17, 2008 was the day the US $ and just about any other fiat currency became too dangerous to hold because it is too dangerous to invest.
On that day gold rose 10% against the US $.while paper investments fell 4 % against the US $.
Blood is now in the streets.
Good luck.
The Rebirth of Gold and Silver Stocks
As 2008 has progressed, more and more US $'s have vanished in assets like real estate and stocks and bonds. Debtors are selling everything to get dollars to pay creditors.and with the shortfall creditors can not find the US $'s to pay their creditors.
This is the worst credit crisis since the 1930's. As all asset classes are sold at lower and lower prices to raise US $'s to pay creditors, the USA faces financial implosion. How to stop it? Set gold to a price of $3200.00 the ounce with an open market backed by the USA gold horde Has printing money done any good yet? No.
Fiat money can not stop a run on the bank.
Good Luck.
John Embry: 'When the Gold's All Gone, the Market Will Go Nuts'
The huge number of indebted asset owners assets for sale swamps the market for each item and forces all prices lower on all asset classes in paper currency terms.
That is where we are now. As all asset prices fall in terms of the paper currency more and more assets must be sold to make set amounts of paper debt payments. Welcome to the 1930's.
The beauty of paper currency is that it permits infinite expansion in asset prices followed by infinite collapse in asset prices and of course a complete collapse in the economy.
Today's real financiers know this. Today's economist are all on government payrolls and know nothing but to praise the governments every action..
Markets Are 'Free Fallin'
That meteor hit was in 1930 when it became obvious that the boom in asset pricies of all kinds all over the world had be financed on borrowed money in fincial leverage of 2 to 20 tmes. In 2008 the financial leverage levels are at 10 to 200 times.
No one can raise money to meet their debt calls even as they sell everything in 2008 as in the 1930's.
Debtors sell what they own and asset values collapse. The Fed which did nothing to stop the debt explosions in the 1920's and again in the 1990 to 2008 periods is powerlsess. It can print money as the German banks did in 1923 or sit and watch the US economy grind to a halt or it can peg the US $ to Gold at 3,200.00 US dollars to the once like it did peg it to $ 32.00 to an once of gold in the mid 1930,s.
So for the Fed has dicided to watch Rome burn.
.
Metals Manipulation - Or Simply Deleveraging?
We are comforted by the second chart in the above article which points out to business cycle believers that the gold price bottom is neigh as of October 2008.
Since the start of the 1900's, USA politicians and their agencies have always favored printing more fiat US $'s for any and all reasons.
My fox hole buddy is cheered up by the thought that, as happened in the summer of 2008, government agents will soon be by with packets of 1000 bills for each of us.
Of course, we are stuck out here without food or transport and can't get to a store to buy anything much less gold bars.
Good luck.
Don't Believe the Gold Bears' Hype
As of Sept. 6, 2008 the DJIA is below the prior business cyclical high of 11400 set in 2000.
Gold and gold mining stocks are still in new (since 2000) upward trends by our Elliott Wave analysis and not below where they were in 2000.
Be happy. Holding gold since 2000, you gained 300 % against the against the dollar and against the DJIA.
But what is next cry those of little faith.
The USA money system is highly leveraged with debt owed far in excess of domestic stocks, bond, and real estate asset values owned. USA $ is rising in value against those assets while it falls in value against internationally traded commodities.l
The yield on the USA Federal 5 year note fell below 3.0 % this past week and got as low 2.8 % and closes at 2.9 %. This the lowest since 2003 which was 2.3 %. USA inflation in goods and labor unit cost is rising at 6 % or more.
Your choice. Gold are something else.
Good Luck.
Equity Markets, Forex and Precious Metals
In the USA case, the dollar has become worthless as the 20th century has progressed. US national, state, and local governments have knighted themselves with unlimited US dollar spending authority.
Other countries around the world have adopted the model of dropping all ties of their currencies to any real assets.
Now, no one knows what anything is worth in any currency. Politicians and their well connected friends use local currencies and cartels and monopolies to amass huge relative personal fortunes while making unproductive invests. This could not be done with a real asset currency like gold. No one knows what anything is worth in any currency at any time with a fiat currency.
The only very loose score card is gold. Of course, governments try to manipulate the gold supply that is free and in the market place to mess up that score cared.
Whats hot' is hot. Whats not's not. Good luck,.
U.S. Dollar Supported by Fundamental Conditions, but Technically Overbought
Inflation in prices can be measured by the amount of change in the price of that board foot of that cut of oak divided by the price of it at some earlier date multiplied by 100 to get a percent reading.
The price of a US house goes up 100 times in 100 years in US $..
Thus, in regard to the particular house discussed above the value of a US dollar fell to 1/100 th of its 100 year ago house buying value in the last 100 years. Of course, not all houses had the same change in sales prices in US $ over the last 100 years.
Take an ounce of gold as a representative unit which is available around the world and see how many US $s it takes to buy it. Did its US $ value move the same way or amount as the house value did? No.
In 1910, gold sold for 19 US $s and now it sells for 900 of them rather than 1900. Of course, it did better than the 100 years old farm house in Michigan which fell over this summer and was carted away in a truck. However, not as well as the farm land that house sat on.
How can all this be going on? Because gold is an item that stores value and the US $ is a measure of an item's exchange rate value at a certain place and time.
So, what happens to the US $ per ounce of gold exchange rate now or next year or etc. How many US $ are outstanding? How many gold ounces are in storage? What are the motivations to hold one or the other? Interest on US $s versus storage fees on gold.
In bad times interest rates go down and dividends go down, so humans are more willing to hold more gold vs US $s.
Good luck.
.
The People's Republic of America?
However, good ideas which benefit the whole national population and particularly the poor in the population are always washed away in all countries as one or two power groups turn governments into massive shakedown operations and use them for person profit by constructing cartels and monopolies which feed money to what we now call political party operatives.
Like Egypt, Greece, Rome, England, and etc, the end is always the same. It involves a collapse in wealth and power in the state. The remnants become subservient to other states or drift endlessly on there own and become of no consequence like Rome, Egypt, Greece, England, and etc..
The Dow Priced in Ounces of Gold: Secular Bear Market Since '99