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  • Oil Greases The Skid For Russia's Economy [View article]
    They can't do import substitution? Sez who? How about cheese and other agricultural products? Airliners, perhaps? Industrial products no longer imported from Ukraine?
    Oct 2, 2015. 04:11 PM | Likes Like |Link to Comment
  • Buy Gold While You Still Can [View article]
    There are a vast number of possibilities not involving hyperinflation or dollar collapse in which gold would be vital. Surprisingly, state and federal governments can steal money, seize safety deposit boxes, threaten negative interest rates, protect elite banker/CEO's from prosecution, and ignore the Bill of Rights as convenient - to them - and the US is number 1 in incarceration. When the Feds prosecuted some motorcycle gangs, they openly boasted about confiscating all their money to prevent them from hiring lawyers to make convictions easy.

    Soon, you may hear more about abolishing cash - so that your wealth can be eliminated by a few keystrokes. In the the event of a crisis, who do you think will be protected - you or the elite?
    Sep 27, 2015. 07:49 PM | 4 Likes Like |Link to Comment
  • Buy Gold While You Still Can [View article]
    Will gold ever go up if all of Comex's physical is gone? Can a rich guy (or China) simply buy out the last bars supporting paper gold and blow up the whole arrangement?

    I understand that gold is doing great against all currencies except the dollar. Are we to believe that the dollar will always be the exception? It seems to me that nations can always print more money - to fend off deflationary collapse - but they can never print more gold - except for paper gold. Get rid of paper gold and things get interesting.
    Sep 26, 2015. 08:02 PM | 6 Likes Like |Link to Comment
  • Gold's Hyper-Bearish Psychology Today Is Dead Wrong [View article]
    You're not really answering the question here. I realize that they may be able to settle in cash but I presume that they must have SOME REAL GOLD to continue trading and setting prices thereby. I understand the ratio of paper gold to real gold is now well beyond 200 to 1. Can they continue to trade a commodity without ANY of that commodity ever being delivered?

    I feel that this situation has continued for so long that no one considers just how extreme and bizarre it truly is.
    Sep 26, 2015. 12:53 PM | 1 Like Like |Link to Comment
  • Gold's Hyper-Bearish Psychology Today Is Dead Wrong [View article]
    Nobody mentions the Comex and its wild ratios of paper gold to real gold. My question: can a determined rich guy 'break the bank' here and shut them down?
    And cause gold to explode thereby?

    One more thing: doesn't it appear that neither stocks nor currencies have any stable future in a debt-laden downturn? That currencies MUST be compromised endlessly to keep stagnant (or declining) economies alive? Bills must be paid, so money must be printed and that's that. (??)
    Sep 25, 2015. 08:20 PM | 2 Likes Like |Link to Comment
  • Yet Another Reason To Buy Gold [View article]
    Things to consider about buying gold:
    When Brazil goes bankrupt, what unpublished derivatives may be triggered?

    When gold trading on the Comex collapses, what will happen to China's control of that and it's influence over the dollar?

    Are all your investments digital or otherwise scattered across financial hard drives, here and there? What effect could hackers have? What effect could a desperate government have on these assets?

    Could asset forfeiture be expanded to include your wealth with no due process whatsoever? Has this been reported in regard to the IRS as well?

    Can Homeland Security seize your safe deposit box with no due process?

    And finally: what would the collective behavior of a nation look like if a huge number of its people were dependent on psychoactive prescription drugs such as anti-depressants?
    Sep 9, 2015. 08:28 PM | 6 Likes Like |Link to Comment
  • It's Official: China Dumped $94B Of Treasurys In August [View article]
    Thanks but it doesn't answer the question. The arrangement seems completely artificial and a product of 'religious' thinking, in effect. We still have Japan printing money with little regard for government revenue. As long as they fund their economy in a slightly deflationary manner, nothing seems to matter.

    It seems to me that if the Treasury couldn't roll over $5 trillion dollars, then the Fed simply issues it plus a few percent for a current deficit and nothing much changes - except perhaps that the US loses a bit of power over nations using the dollar. The US wouldn't collapse anymore than Japan does.
    Sep 9, 2015. 12:54 PM | Likes Like |Link to Comment
  • It's Official: China Dumped $94B Of Treasurys In August [View article]
    Again I ask, why does anyone have to buy Treasuries, other than bookkeeping at the Fed? What difference does it make? The Fed already owns 14% or so of issuance and Japan just prints more yen, with little regard for revenue.

    Crazy as this sounds, I can't wrap my head around how it would end.
    Sep 9, 2015. 08:19 AM | Likes Like |Link to Comment
  • It's Official: China Dumped $94B Of Treasurys In August [View article]
    Um.... I don't recall any Learned Defense (in recent years) that printing money and setting interest rates by diktat is impossible or that it leads to hyperinflation (outside of Zimbabwe, apparently).

    With Japan in mind, it just doesn't seem to make any difference - as long as the money is never actually dumped on people from the air. Crazy as this all sounds, what difference does it make if no one buys any Treasuries? The Fed just buys them and it's all good. (??)

    Ten years ago, I never would have imagined I'd be asking such a thing !
    Sep 7, 2015. 08:19 PM | 1 Like Like |Link to Comment
  • Gold A Poor Safe-Haven Investment [View article]
    Think about one chilling thought: are all your assets in digital form? Your bank accounts? Your stock and bond holdings?

    Is all of your hard earned wealth simply ones and zeroes on scattered hard drives?
    Could it all vanish with a few keystrokes, intentionally or by accident?
    Sep 7, 2015. 08:52 AM | 2 Likes Like |Link to Comment
  • Domestic Crude Production Fell Again Last Week [View article]
    Thank you for this discerning article
    Sep 3, 2015. 08:35 PM | 3 Likes Like |Link to Comment
  • F-35 Is Not A Complete Debacle; It Will Fuel Long-Term Profits For Lockheed [View article]
    Put down that doobie. Stop drinking that cocktail. Please ask yourself:

    Is this really an effective apologia for a defense project? Seriously? When did America come to feel at ease with such arguments?
    Sep 2, 2015. 03:20 PM | Likes Like |Link to Comment
  • Gold A Poor Safe-Haven Investment [View article]
    I'm sorry sir, but we here at the IRS have noticed a 'structured pattern' of payments in your investment accounts. We have frozen them indefinitely. We cannot release funds for your legal expenses.

    I'm sorry sir, but we here at TBTJ Bank have had some recent security issues. While we are sympathetic to your situation, we are not liable for restoring your accounts due to Russian hacker activity. Have a nice day.

    I'm sorry sir, but your schizophrenic son's unfortunate fire setting activities have caused this court to award the plaintiff.......

    I'm sorry sir, but this is a means tested program and this state allows no exemptions of assets towards the long term care of your wife. We regret that this means you will not be able to afford your own medical care or rent.

    I can go on like this for quite some length. You see, the truth is that gold isn't just a protection against No Government - it's a protection against bad government - defined as careless, unprincipled, corrupt, manned by cronies, or incompetent. So no, don't bother me with your hackneyed ideas about hyperinflation or abject collapse. Use a little imagination.
    Sep 2, 2015. 02:54 PM | 2 Likes Like |Link to Comment
  • Gold A Poor Safe-Haven Investment [View article]
    Governments hate the idea of wealth that isn't traceable or openly exposed. This is partly why there are 'experts' calling for an end to cash. With that, they can confiscate or shut down anything with a keystroke. If you think this is extreme or not credible, how would you feel if the government refused to prosecute the greatest fraud in history or started an expensive war based on nothing - or perhaps just stole people's money based on a whim without due process?
    Sep 1, 2015. 04:17 PM | 4 Likes Like |Link to Comment
  • Gold A Poor Safe-Haven Investment [View article]
    I read stories: EBT cards won't work here, US gov employees can't find their direct deposit there, Illinois lottery winners get paid in IOU's, Homeland Security can confiscate anyone's safe deposit box.

    I'm afraid of a deflationary collapse in which you can't get to your money or investments while the government pretends they are still OK. Add to that how most people would react to any 'bail-in' rumors in such a crash.
    Sep 1, 2015. 03:37 PM | Likes Like |Link to Comment