I am new to this site ,but, at 56 I have been around the market as a way of life starting at age 7....... Having a Jewish dad it was not tee baseball or pop Warner football. It was a chair in Gruntal brokers an learn the symbols......
Silver.......... the last time it hit 50 I hopped on my bike an sold my coin collection. Last Thursday when it hit 50 I sold SLV and the wife an I hit the Pawn shops in David , Panama where we live and sold a bunch..
Why........... For 3 solid weeks the shorting was huge ! 300 basis points above the normal cost.There was panik trying to borrow the SLV ! Any silver bull who didn't see that was a fool.. Yes HSBC an JP are not nice fellows and to all those experts who point to periods of time telling of the relationship between gold an silver I will just say to me this is the year 5771 an not 2011. It is a G-d thingee.
As I have written elsewhere on the SLV article that silver an gold are the only true money and Mr. Nixon is the one who turned the world into a giant fiat ponzi scheme....... I will buy back my silver starting Monday and to all those who want to know the true ratio between gold an silver.............. 5500 years says 16 !!!!!!!
Silver easily can make 50 look CHEAP..... The next time it will crash through 50.
If a debt deal comes in the next three days, you'll probably be tempted to join a relief rally in equities. Don't buy it, says James Saft: Weakness in areas like housing and consumer spending isn't going anywhere, and the trend toward U.S. austerity likely won't change until "after the beginning of the recession it will help to cause." [View news story]
Nope, there is really no hope for the US economy. Big waves of layoffs are being announced every day. CSCO, MERCK, Borders, Banks, Wall Street etc.........And, State an local Govs are laying off big time.
The housing market is now 27% underwater and the hedge funds have been gobbling up the distressed commercial stuff for the future,but, that shoe will drop. What will more layoffs do to the home market ? More foreclosures ? Another wave ?
However, major multinationals are the only game in town and some have decent bond payouts. Ya might go that rout as they have the money to pay........Some may choose the preferred convertibles and if we ever get the comeback.switch..........
AAPL ( for eg. ) is just getting started in China and the problem with US investors. They put to much emphasis on the shrinking US consumer base. Other companies will boom like AAPL and most Dow stocks have huge foreign exposure......
Think BRICs and beyond............The world is a giant consumer base and there is silver & gold for freaks like me.
A Look Inside The Fed's Limited Toolkit [View article]
See if this fits into the Fed issue. I have had this guys help and i have hit highs many times in the last 3 months and expect to close higher again today.
The Lie Washington Has Been Telling Us Since 1934
By Martin Hutchinson, Global Investing Strategist, Money Morning
Gross domestic product GDP is the most commonly used measure of economic growth. But GDP isn't just inaccurate and misleading - it's the contrivance of Keynesian economists seeking to push their own, big-government agenda.
That's right. GDP is a financial ruse - the biggest of the past half-century. And it's time to move past it to another, more accurate measure of economic growth.
Keynesian economist Simon Kuznets designed GDP at the height of the New Deal era. Kuznets first revealed the measure in a report to Congress in 1934. GDP takes into account consumption, investment and government expenditure to create a measure of economic growth.
But the Keynesians employed some chicanery, or sleight-of-hand, to generate this statistic. A close look reveals the dirty little secret about GDP: It intentionally overplays the importance of government spending - and in doing so inflates the role that Washington plays in each of our lives.
And it's been doing this for 67 years ...
The Biggest Lie of the 20th Century Gross domestic product is supposed to be a measure of all the goods and services produced here at home.
But there's a discrepancy.
You see, private-sector output is measured by the price people are prepared to pay for it. But government output is fudged: It's measured by its cost.
That means GDP increases any time the government spends money. It doesn't matter if that money is actually put to productive use or not - GDP rises nonetheless.
The bureaucrat devising regulations that damage business? His salary increases GDP. The $300 million Alaskan "bridge to nowhere" of a few years back? That was $300 million added to GDP. The jet-fighter project that costs billions, and is plagued by huge overruns that lead to its cancellation? Those billions add to GDP.
Even public-spending "stimulus" programs, however foolish, are always effective according to the GDP definition, because their cost is simply added to output.
It's obvious why big-government Keynesians would like this calculation: It substantiates their claim that government spending stimulates economic growth.
In the real world, however, this makes no sense. Indeed, none of the examples above actually add to economic welfare.
Don't misunderstand - some government output is very valuable. We could not exist in a free society without a court system that protects our property rights and a national defense that protects our borders. In most other cases, however, if government output were truly cost effective, the private sector would've already taken the initiative (and probably done so at lower cost and greater impact).
So how can you get an accurate measure of economic growth?
Arithmetically, there's a simple solution: You take Line 1, "Gross Domestic Product," in the Bureau of Economic Analysis' GDP Table and subtract from it Line 21, "Government Consumption Expenditures and Gross Investment. "
That gives you a net number, which we can call "gross private product," or GPP. It's a measure of all the output produced by the private sector. In general, it will underestimate national "welfare" unless government is really bad. But it will give you a much better idea of the output the market economy is producing.
Indeed, looking at GPP's past performance helps to explain some things that GDP doesn't.
Keynesians like to proclaim that World War II got America out of the Great Depression: Thus, if you make stimulus big enough, it will solve economic problems.
The claim that conservative policies of new presidential candidate Gov. Rick Perry caused an economic miracle in Texas is a myth based on a fallacy, Paul Krugman writes. "A state offering cheap labor and... weak regulation can attract jobs from other states," but any logic applying those policies to the entire U.S. is impossible since "every state can’t lure jobs away from every other state." [View news story]
Political leanings.... What does politics have to do with 115 trillion dollars of debt......Is the US Debt clock Rep or Dem ?
The morons I named are Obama shills and want to print more. They think Obama is Jesus with a tan...They thought Carter was Jesus with big white false teeth. It took 30 years to recover from Jimmmmmmmmmmmmy.
I am too old to watch this show again I will lean any way I want and If I was big enough I would lean on all the Dems until Barney went straight............
At least Rogoff doesn't want to print all the way to Mars.
So the U.S. lost S&P's AAA rating for the first time in a 70-year history; so what? Mark Thoma says this is S&P erring on the only side it can after blowing the pre-crisis situation. Always pragmatic Warren Buffett says solvency's not an issue when the debts are all in currency the U.S. can print; inflation, that's another story. Ready to buy on this coming dip? [View news story]
Mad, I am old now, but, looking back all the teachers I had with so liberal it is sad...
I always thought Reagan hit the nail on the head quoting Winston Churchill ..Saying if your 20 and not liberal something is wrong with you ,but, if your 40 and not conservative something is really wrong with you............. I think that saying summed US society up perfectly.
Then over the past 30 years the Democrats used their secret weapon...... A weapon more powerful then the one President Slick Willy Lewinsky aka Clinton unleashed as he left office with his Executive Order legalizing the CDSs..... That turned the world into a casino ,but, the worst weapon of America was Barney Frank... That moron is responsible for almost everything that put us where we are today.
Nassim Taleb told us of the rare, unpredictable events that our minds are poorly equipped to deal with: "black swans." So what about the swans that are flashing neon because their imminent arrival is blindingly obvious? A debt-ceiling cataclysm looks more certain every day, and yet investors are closing their eyes. [View news story]
Who cares !
I mostly hold metals and why should listed companies care ? The good ones do 60% of there business outside the US and the US Bonds are so over priced from fear overseas that the fact there no deal is done...........
Maybe the 10 year goes back to is 4%........
How many listed companies won't get paid....... I can only think of 15.
We see that Europe just cloned the Fed an are building a giant fiat pool to keep their fiatville alive. Soon they will ask for a DNA sample from Big Ben ,so, they can clone a leader for their new cartel........
Take out the 1 % rich from the American earnings equation an the mean is $42,000. At current prices to live half the country can't........ Cable companies are worried that people are not able to afford there products..........
Back to Rabbit ears ,but, the cell guys want that frequency,,,,,,,
Take away the Gov. handouts and were going to need to build 10,000 churches ; 1000 Temples,1000 Mosques ( if Republicans allow them to be built ) and a place to feed the hungrey athieasts.
America will resemble the other country with a giant army an starving people.......... North Korea.
Funny, they also depend on China.............
Do you all see Obama just telling lies an the Speaker losing the class warfare battle ? I do ?
The Chinese an India physical buyers don't care about it's industrial usage......... They buy it as money..... The populous there doesn't trust there Gov(s) any more then millions of Americans don't trust ours. I have written about the China 9.5% GDP keeping the support for the current area ,but, I know it is just chatter now.
Despite the horror of the Europe situation and the fact that Greece MUST default, contagion may take the rest of the little countries down too. The Euro is still 141 ish. WHY ?
The strong US dollar theory is bogus.Often when the dollar gains so do the metals. The physical metal buyers know the US dollar is crap an not far behind the Euro..... Most real silver buyers are outside the US an many in Eurpoe don't want US dollars or Euros.... An Asians surely do not want it. The Chinese are dumping US dollars fast an India won't let you use dollars there anymore. Change the dollar at the airport or use a credit card. No more greenbacks !
Inflation........ How many times can you change the calculations to try an say there is no inflation....... Gold an silver are money ! Despite Big Ben saying it isn't an just because Nixon changed things it the 70's doesn't mean you discount the other 5950 years.
All of us who are buying real silver know the ETF traders are causing the wild gyrations ,but, we ignore it an when the world drops the fiat model most of the ETF paper will be just that. PAPER . No value.........
Every day @ S A weall read the same stuff written over an over . The same points every day..... Only the author names are changed to identify the guilty.
Don't all the authors have anything new to say ??????????
I am seen on these silver articles an I give specific actions to take. The last few days made me some money !
I'll tell all of you again........ Shop well an buy REAL SILVER ! Then you can play the ETF via ZSL... It is a third of the price of SLV / once an tracks silver as well. When you get the big moves up take a third of the dollar value of your silver an go the other way with ZSL an keep a tight stop. When the paper ETF traders take there profits ( as they always do ) you take yours as SLV drops. Just hang on to the real thing. Just in case or God forbid an for when that day comes ..etc........ golfitobob
Playing the Coming Bond Market Crash [View article]
Martin, your right on the money. I was waiting for TBT to hit 30 ,but, I bought only a small position @ 2.89% on the 10 year bond and as everyone knows on this site I am a raging silver bull. I have stated for many months that the 33 spot are should hold.
Here is the problem with your clear common sense logic. As I see it an have seen it.................
I call it the" world fear factor effect" !
When Big Ben an the inner circle saw that QE 2 was not working after 4 months of buying the 10 Year Bond had climbed to 3.88% there was panic an something had to be done !
What to do ?
Well, the world was set on fire via the social media. The Middle East erupted and despite China dumping 38 billion per month an 97% of there short term paper (" no evidence of China selling" ...... americaninparis are you a sleep ? ) and the Bill Gross types publicly slamming the Bond with lots of egg on there faces the rate tumbled to 2.84% recently. Despite the hick-up I would urge all to wait on the full short.........
Why, because world events have not lessened. They have only slowed in the press and if you think the US operatives didn't have there finger prints all over what happen your all a sleep. What is going on in the Middle East is festering and if you truly have your eyes open you'll see that soon there is going to be another surge into the US Treasuries as real mayhem hits.
FEAR
The democracy chatter an the young people are the side show. The Egyptian military dumped Hosni an are still fully in control. The Syrian horrors against there own people are over shadowing the many deaths on the border with Israel.
When you combine what is going on in those 2 countries and the other 5 main Arab neighbors. Plus the fact that the border between Gaza an Egypt is open an has helped free up the fight against the tunnels and the weapons are flowing freely into Gaza/ And, there going to use them ! .........
Then, the much publicized 2nd flotilla to Gaza now has the Times ; CNN an CBS hopping on board. There is going to be a show down and it will lead to the worst incident in centuries..... Combine the fact that the date was delayed to coincide with the UN 2 state upcoming vote and were going to see war. Possibly WW3 and I would not want to be short the US Bond for all the BMWs in China.......
As Mr. Dow ( of the Dow 30 fame) said the best time to buy is when the blood is in the street........ The fact that America is past the point of solvency an the 40 states that are basically bankrupt are starting to shed workers in large numbers will push the unemployment rate way up. The 25% of home owners under water are growing as the prices continue to drop ! Were about to go into the real bad times an another wave of forclosures.
The horror we just all went through was the practice round an despite all the pundits coming up with all the scenarios how things will get better............
NOT !
I left the US an moved to Panama....... The 10% GDP growth here an the booming economy is great ,but, we use the US dollar. After this next push into US Bond an Paper the upcoming doom will start it's much anticipated collapse. The USA way of life is going to change.
The world will go to the much touted SDR basket an America we know will collapse as the world cannot keep the US dollar as the world currency. That is why ALL central banks are buying gold at the current price. Don't believe Geitner an all the 25 year scenario predictions. China sees this and they stepped in an are supporting the Euro even though Greece must fail .........They want alternatives as they diversify anthere buying up all the commodities they can find.
Thus.......... I am not sure that all the paper shorts will mean much........ What will be the benefit of making lots of worthless dollars shorting the US stuff.. ????????????
Martin is helping all of us touting gold an silver and I say you can all access the safety of a plain old fashion bank account ,but, have it in Yuan......... Major US banks now have these accounts and I have been told that some US banks say the $ 250,000 Insurance applies.
Me.... all my cash is in banks in other currencies...... Look into the countries with commodity based economies. hey, there paying interest. US dollar based accounts are paying nothing or next to nothing.
The Steve Forbes types touting the return to gold based money will prove to be right. Lets all hope it is sooner than later...... bueno suerte
Well, something had to be done. All the ETFs make the metal much more volatile and the group was a few hundred million ounces short of the shares they represented. The price had to be whacked or the price would have exploded higher an HSBC an JP Morgan would have been destroyed...... We sold when silver hit 49.. 36 an we buy again........... bueno suerte, Bob
Europe's Large Banks - Are The Titans Crumbling? [View article]
So, you all want the problem fixed ? Fix Greece and loan countless billions or trillions after this batch runs out. History tells us we must inflate our way out or the riots we are seeing will turn into civil wars all throughout Europe and the USA...
This is as Roubini told us. They will use CDOs to leverage CDOs with. A shell game and this money is loans !
4 Great Buying Opportunities After Friday's Losses [View article]
All good stocks ,but Europe is just starting it's collapse and US banks are in there and soon about 34 State Attorneys general's are about to attacksome big US banks in State Courts...........
So , being overall short until things have a chance to improve would seem a better bet.......... Then enjoy the good companies. I Like GLW and VRSN, but, in a down market good and bad stocks are the same. They go down,,,,,,,,,,,,,,,,,,...
President Obama's job-creation program, which he is due to detail tomorrow, will inject over $300B into the economy next year, Bloomberg reports. Almost half the stimulus will come from tax cuts, and will also include infrastructure spending and direct aid to state and local governments. [View news story]
BB, go away with the racist crap.. He is a moron in any color... gb
A Look Inside The Fed's Limited Toolkit [View article]
S junki....... Perfect name for someone wanting more from Ben ! Simply perfect.. Like my picture. ! The Cure ,cut addicts off........ Get with the program ! Close the Fed. NOW !
9% unemployment is just as phony a number as any other Gov number !
Look at the US debt clock. Lower right corner. 25,000,000 an growing..
S/S disability applicants have a 2 year waiting period ( being stalled) because the program is broke an can't pay.....
The number announced yesterday is that mortgage delinquencies are growing.....The greatest Harvard minds say history shows two ways out. Inflate or destruction.....
Ben has tried his best to inflate ,but, it ain't working. Even with 10 years of wars an spending trillions on the military; as it goes to our defense industry and related businesses.
There is only one path I recommend now. Since your demanding we make honest suggestions and the BEST solution as I comment constantly is bankruptcy......
Do it now or the world does it for us! The horror we must face will be magnified 100 times worse then your able to imagine.....Instead of 85,000,000 getting help with phony money it will be 175,000,000 and perfect for Dem's to get back there strangle hold on the Fed an printing press ! As these sponges vote !
However, when the world soon demands the end to the US reserve as the universal currency and goes to the SDR basket of 8........ There will be the doom I am forecasting and there is no godly way to stop it now as long a democrats breath the air and can vote........
Does that fit me contributing....... My lord ? gb
PS.We are to put it simply .Bankrupt !. Simple enough? ..
You want Ben to help more. and destroy world wide currencies ,so, what, a handful in the MARKET can keep there phony wealth......
The entire world be dammed ! Screw them I want mine. Like the lazy useless that will allow a useless President to golf for 4 more years........ look at my picture. He is a narcisist nut job and surly he will indite Georce Washington is post mordem and get his picture on the worthless dollar.......
HerrHansa, there really isn't much the Fed can do... The problem as i see it with them. Te dual mandate...... That killed the concept of the FED...... There are two sides to all issues ,but, fighting inflation was working only because they kept coming up with ways to calculate it. If we went back to Volker days were around 4%..
I am sure your still buying food an gas... Treasuries... I just own TLT and I keep raising the stop ,but, I am sure it will go to 2% on the 10 years and so I will hold.
Even if the Reps take the house keep the house and take the Senate and Barry retires or is retired.......... It is too late.........
A major reorganization is going to take place.. On many posts since I found this S A site Itold all who would read i have seen what was coming and used my feet........ Like Reagan tough me when I was a baby Republican.
I moved to a banana republic.. Costa Rica... It is a beautiful country ,but, after 3 years I realized it sucked and the problems here were the same as home ,but, Latin people are smart ,but, have 0% common sense.
Then I moved south to Panama........100% better and this banana republic has what America needs ! They have a conservative billionaire President who has taken the bull by the horns and worked miracles... He even bent over with the US and ended the famed banking secrecy stuff and signed a treaty with the IRS.... That is the opener for Free Trade treaty and maybe the US will finally sign it.......... Now were a country with a good financial rating ! WOW To bad Panama has a 1 term law.
That is truly America's only chance... All politicians get 1 term an out....... No possible re-election and viola... They might do the right thing ,but, the Supreme Court struck down and that is that.
I am watching Bloomberg 16 hours a day and it is the foreign addition and expert after expert are saying get defensive and things could get worse........ These were the same best of class telling all is o/k and look to buy on diparouskys......... Right !
Now I am watching Spain and Italy's bond yields rising more. It isn't just Greece,,, There all going to default as they can't print fast enough.........
Fortunately for American's who could see past politics FOX showed Glenn Beck 2 hours a day for more then 2 years...
He was as clear as could be and predicted this BIG TIME..
He had the Prof. N Ferguson's and the best minds like Jimmy Rogers and other non political economic thinkers and was even harassed by Congress ( like the wiener pig) for hyping Gold and silver.... Lambasted by the Dems over an over for warning of Europe's downfall and the pain that would come to the US.
He told that Americans were going to care for each other and he was right. Things are going to get worse and there is no way the FED will digitize the way out............
As I keep warning for 4 years..........2 years before Beck. Get ready..... I am .......
My family won't listen... There genetically Democrats and I am the stray Rep......... Now I don't even live in the US and since Panama is 70% cheaper for a similar life style I am doing a/o/.k..
Rushing to collateral as US dollars...... That will be the trap of all time ! Waiting to here the FOMC meeting....... A joke !
Get some assets out of dollars... Get some REAL metals not paper ones and get some land with water....... bueno suerte
Get Ready for $30 Silver [View article]
Silver.......... the last time it hit 50 I hopped on my bike an sold my coin collection. Last Thursday when it hit 50 I sold SLV and the wife an I hit the Pawn shops in David , Panama where we live and sold a bunch..
Why........... For 3 solid weeks the shorting was huge ! 300 basis points above the normal cost.There was panik trying to borrow the SLV ! Any silver bull who didn't see that was a fool.. Yes HSBC an JP are not nice fellows and to all those experts who point to periods of time telling of the relationship between gold an silver I will just say to me this is the year 5771 an not 2011. It is a G-d thingee.
As I have written elsewhere on the SLV article that silver an gold are the only true money and Mr. Nixon is the one who turned the world into a giant fiat ponzi scheme....... I will buy back my silver starting Monday and to all those who want to know the true ratio between gold an silver.............. 5500 years says 16 !!!!!!!
Silver easily can make 50 look CHEAP.....
The next time it will crash through 50.
pura vida, Bob Shakerdge
More Talk Of A Bubble In Gold [View article]
If a debt deal comes in the next three days, you'll probably be tempted to join a relief rally in equities. Don't buy it, says James Saft: Weakness in areas like housing and consumer spending isn't going anywhere, and the trend toward U.S. austerity likely won't change until "after the beginning of the recession it will help to cause." [View news story]
The housing market is now 27% underwater and the hedge funds have been gobbling up the distressed commercial stuff for the future,but, that shoe will drop. What will more layoffs do to the home market ? More foreclosures ? Another wave ?
However, major multinationals are the only game in town and some have decent bond payouts. Ya might go that rout as they have the money to pay........Some may choose the preferred convertibles and if we ever get the comeback.switch..........
AAPL ( for eg. ) is just getting started in China and the problem with US investors. They put to much emphasis on the shrinking US consumer base. Other companies will boom like AAPL and most Dow stocks have huge foreign exposure......
Think BRICs and beyond............The world is a giant consumer base and there is silver & gold for freaks like me.
Don't worry ....be happy
A Look Inside The Fed's Limited Toolkit [View article]
The Lie Washington Has Been Telling Us Since 1934
By Martin Hutchinson, Global Investing Strategist, Money Morning
Gross domestic product GDP is the most commonly used measure of economic growth. But GDP isn't just inaccurate and misleading - it's the contrivance of Keynesian economists seeking to push their own, big-government agenda.
That's right. GDP is a financial ruse - the biggest of the past half-century. And it's time to move past it to another, more accurate measure of economic growth.
Keynesian economist Simon Kuznets designed GDP at the height of the New Deal era. Kuznets first revealed the measure in a report to Congress in 1934. GDP takes into account consumption, investment and government expenditure to create a measure of economic growth.
But the Keynesians employed some chicanery, or sleight-of-hand, to generate this statistic. A close look reveals the dirty little secret about GDP: It intentionally overplays the importance of government spending - and in doing so inflates the role that Washington plays in each of our lives.
And it's been doing this for 67 years ...
The Biggest Lie of the 20th Century
Gross domestic product is supposed to be a measure of all the goods and services produced here at home.
But there's a discrepancy.
You see, private-sector output is measured by the price people are prepared to pay for it. But government output is fudged: It's measured by its cost.
That means GDP increases any time the government spends money. It doesn't matter if that money is actually put to productive use or not - GDP rises nonetheless.
The bureaucrat devising regulations that damage business? His salary increases GDP. The $300 million Alaskan "bridge to nowhere" of a few years back? That was $300 million added to GDP. The jet-fighter project that costs billions, and is plagued by huge overruns that lead to its cancellation? Those billions add to GDP.
Even public-spending "stimulus" programs, however foolish, are always effective according to the GDP definition, because their cost is simply added to output.
It's obvious why big-government Keynesians would like this calculation: It substantiates their claim that government spending stimulates economic growth.
In the real world, however, this makes no sense. Indeed, none of the examples above actually add to economic welfare.
Don't misunderstand - some government output is very valuable. We could not exist in a free society without a court system that protects our property rights and a national defense that protects our borders. In most other cases, however, if government output were truly cost effective, the private sector would've already taken the initiative (and probably done so at lower cost and greater impact).
So how can you get an accurate measure of economic growth?
Arithmetically, there's a simple solution: You take Line 1, "Gross Domestic Product," in the Bureau of Economic Analysis' GDP Table and subtract from it Line 21, "Government Consumption Expenditures and Gross Investment. "
That gives you a net number, which we can call "gross private product," or GPP. It's a measure of all the output produced by the private sector. In general, it will underestimate national "welfare" unless government is really bad. But it will give you a much better idea of the output the market economy is producing.
Indeed, looking at GPP's past performance helps to explain some things that GDP doesn't.
Keynesians like to proclaim that World War II got America out of the Great Depression: Thus, if you make stimulus big enough, it will solve economic problems.
This is the biggest lie of the 20th century.
To continue reading, please click here...
The claim that conservative policies of new presidential candidate Gov. Rick Perry caused an economic miracle in Texas is a myth based on a fallacy, Paul Krugman writes. "A state offering cheap labor and... weak regulation can attract jobs from other states," but any logic applying those policies to the entire U.S. is impossible since "every state can’t lure jobs away from every other state." [View news story]
The morons I named are Obama shills and want to print more. They think Obama is Jesus with a tan...They thought Carter was Jesus with big white false teeth. It took 30 years to recover from Jimmmmmmmmmmmmy.
I am too old to watch this show again I will lean any way I want and If I was big enough I would lean on all the Dems until Barney went straight............
At least Rogoff doesn't want to print all the way to Mars.
So the U.S. lost S&P's AAA rating for the first time in a 70-year history; so what? Mark Thoma says this is S&P erring on the only side it can after blowing the pre-crisis situation. Always pragmatic Warren Buffett says solvency's not an issue when the debts are all in currency the U.S. can print; inflation, that's another story. Ready to buy on this coming dip? [View news story]
I always thought Reagan hit the nail on the head quoting Winston Churchill ..Saying if your 20 and not liberal something is wrong with you ,but, if your 40 and not conservative something is really wrong with you.............
I think that saying summed US society up perfectly.
Then over the past 30 years the Democrats used their secret weapon...... A weapon more powerful then the one President Slick Willy Lewinsky aka Clinton unleashed as he left office with his Executive Order legalizing the CDSs..... That turned the world into a casino ,but, the worst weapon of America was Barney Frank... That moron is responsible for almost everything that put us where we are today.
Nassim Taleb told us of the rare, unpredictable events that our minds are poorly equipped to deal with: "black swans." So what about the swans that are flashing neon because their imminent arrival is blindingly obvious? A debt-ceiling cataclysm looks more certain every day, and yet investors are closing their eyes. [View news story]
I mostly hold metals and why should listed companies care ?
The good ones do 60% of there business outside the US and the US Bonds are so over priced from fear overseas that the fact there no deal is done...........
Maybe the 10 year goes back to is 4%........
How many listed companies won't get paid....... I can only think of 15.
We see that Europe just cloned the Fed an are building a giant fiat pool to keep their fiatville alive. Soon they will ask for a DNA sample from Big Ben ,so, they can clone a leader for their new cartel........
Take out the 1 % rich from the American earnings equation an the mean is $42,000. At current prices to live half the country can't........ Cable companies are worried that people are not able to afford there products..........
Back to Rabbit ears ,but, the cell guys want that frequency,,,,,,,
Take away the Gov. handouts and were going to need to build 10,000 churches ; 1000 Temples,1000 Mosques ( if Republicans allow them to be built ) and a place to feed the hungrey athieasts.
America will resemble the other country with a giant army an starving people.......... North Korea.
Funny, they also depend on China.............
Do you all see Obama just telling lies an the Speaker losing the class warfare battle ? I do ?
5 more years of that ????????? bueno suerte.
I am preying for Gov. Perry
Where Next for Silver? [View article]
The Chinese an India physical buyers don't care about it's industrial usage......... They buy it as money..... The populous there doesn't trust there Gov(s) any more then millions of Americans don't trust ours. I have written about the China 9.5% GDP keeping the support for the current area ,but, I know it is just chatter now.
Despite the horror of the Europe situation and the fact that Greece MUST default, contagion may take the rest of the little countries down too. The Euro is still 141 ish. WHY ?
The strong US dollar theory is bogus.Often when the dollar gains so do the metals. The physical metal buyers know the US dollar is crap an not far behind the Euro..... Most real silver buyers are outside the US an many in Eurpoe don't want US dollars or Euros.... An Asians surely do not want it. The Chinese are dumping US dollars fast an India won't let you use dollars there anymore. Change the dollar at the airport or use a credit card. No more greenbacks !
Inflation........ How many times can you change the calculations to try an say there is no inflation....... Gold an silver are money ! Despite Big Ben saying it isn't an just because Nixon changed things it the 70's doesn't mean you discount the other 5950 years.
All of us who are buying real silver know the ETF traders are causing the wild gyrations ,but, we ignore it an when the world drops the fiat model most of the ETF paper will be just that. PAPER . No value.........
Every day @ S A weall read the same stuff written over an over . The same points every day..... Only the author names are changed to identify the guilty.
Don't all the authors have anything new to say ??????????
I am seen on these silver articles an I give specific actions to take. The last few days made me some money !
I'll tell all of you again........ Shop well an buy REAL SILVER ! Then you can play the ETF via ZSL... It is a third of the price of SLV / once an tracks silver as well. When you get the big moves up take a third of the dollar value of your silver an go the other way with ZSL an keep a tight stop. When the paper ETF traders take there profits ( as they always do ) you take yours as SLV drops. Just hang on to the real thing. Just in case or God forbid an for when that day comes ..etc........ golfitobob
Playing the Coming Bond Market Crash [View article]
Here is the problem with your clear common sense logic. As I see it an have seen it.................
I call it the" world fear factor effect" !
When Big Ben an the inner circle saw that QE 2 was not working after 4 months of buying the 10 Year Bond had climbed to 3.88% there was panic an something had to be done !
What to do ?
Well, the world was set on fire via the social media. The Middle East erupted and despite China dumping 38 billion per month an 97% of there short term paper
(" no evidence of China selling" ...... americaninparis are you a sleep ? )
and the Bill Gross types publicly slamming the Bond with lots of egg on there faces the rate tumbled to 2.84% recently. Despite the hick-up I would urge all to wait on the full short.........
Why, because world events have not lessened. They have only slowed in the press and if you think the US operatives didn't have there finger prints all over what happen your all a sleep. What is going on in the Middle East is festering and if you truly have your eyes open you'll see that soon there is going to be another surge into the US Treasuries as real mayhem hits.
FEAR
The democracy chatter an the young people are the side show. The Egyptian military dumped Hosni an are still fully in control. The Syrian horrors against there own people are over shadowing the many deaths on the border with Israel.
When you combine what is going on in those 2 countries and the other 5 main Arab neighbors. Plus the fact that the border between Gaza an Egypt is open an has helped free up the fight against the tunnels and the weapons are flowing freely into Gaza/ And, there going to use them ! .........
Then, the much publicized 2nd flotilla to Gaza now has the Times ; CNN an CBS hopping on board. There is going to be a show down and it will lead to the worst incident in centuries..... Combine the fact that the date was delayed to coincide with the UN 2 state upcoming vote and were going to see war. Possibly WW3 and I would not want to be short the US Bond for all the BMWs in China.......
As Mr. Dow ( of the Dow 30 fame) said the best time to buy is when the blood is in the street........ The fact that America is past the point of solvency an the 40 states that are basically bankrupt are starting to shed workers in large numbers will push the unemployment rate way up. The 25% of home owners under water are growing as the prices continue to drop ! Were about to go into the real bad times an another wave of forclosures.
The horror we just all went through was the practice round an despite all the pundits coming up with all the scenarios how things will get better............
NOT !
I left the US an moved to Panama....... The 10% GDP growth here an the booming economy is great ,but, we use the US dollar. After this next push into US Bond an Paper the upcoming doom will start it's much anticipated collapse. The USA way of life is going to change.
The world will go to the much touted SDR basket an America we know will collapse as the world cannot keep the US dollar as the world currency. That is why ALL central banks are buying gold at the current price. Don't believe Geitner an all the 25 year scenario predictions. China sees this and they stepped in an are supporting the Euro even though Greece must fail .........They want alternatives as they diversify anthere buying up all the commodities they can find.
Thus.......... I am not sure that all the paper shorts will mean much........ What will be the benefit of making lots of worthless dollars shorting the US stuff.. ????????????
Martin is helping all of us touting gold an silver and I say you can all access the safety of a plain old fashion bank account ,but, have it in Yuan......... Major US banks now have these accounts and I have been told that some US banks say the $ 250,000 Insurance applies.
Me.... all my cash is in banks in other currencies...... Look into the countries with commodity based economies. hey, there paying interest. US dollar based accounts are paying nothing or next to nothing.
The Steve Forbes types touting the return to gold based money will prove to be right. Lets all hope it is sooner than later......
bueno suerte
Silver Swoons [View article]
Europe's Large Banks - Are The Titans Crumbling? [View article]
This is as Roubini told us. They will use CDOs to leverage CDOs with. A shell game and this money is loans !
This is what I really think and same on you ! gb
http://bit.ly/o25yqv
4 Great Buying Opportunities After Friday's Losses [View article]
So , being overall short until things have a chance to improve would seem a better bet.......... Then enjoy the good companies.
I Like GLW and VRSN, but, in a down market good and bad stocks are the same. They go down,,,,,,,,,,,,,,,,,,...
President Obama's job-creation program, which he is due to detail tomorrow, will inject over $300B into the economy next year, Bloomberg reports. Almost half the stimulus will come from tax cuts, and will also include infrastructure spending and direct aid to state and local governments. [View news story]
A Look Inside The Fed's Limited Toolkit [View article]
9% unemployment is just as phony a number as any other Gov number !
Look at the US debt clock. Lower right corner. 25,000,000 an growing..
S/S disability applicants have a 2 year waiting period ( being stalled) because the program is broke an can't pay.....
The number announced yesterday is that mortgage delinquencies are growing.....The greatest Harvard minds say history shows two ways out. Inflate or destruction.....
Ben has tried his best to inflate ,but, it ain't working. Even with 10 years of wars an spending trillions on the military; as it goes to our defense industry and related businesses.
There is only one path I recommend now. Since your demanding we make honest suggestions and the BEST solution as I comment constantly is bankruptcy......
Do it now or the world does it for us! The horror we must face will be magnified 100 times worse then your able to imagine.....Instead of 85,000,000 getting help with phony money it will be 175,000,000 and perfect for Dem's to get back there strangle hold on the Fed an printing press ! As these sponges vote !
However, when the world soon demands the end to the US reserve as the universal currency and goes to the SDR basket of 8........ There will be the doom I am forecasting and there is no godly way to stop it now as long a democrats breath the air and can vote........
Does that fit me contributing....... My lord ? gb
PS.We are to put it simply .Bankrupt !. Simple enough? ..
You want Ben to help more. and destroy world wide currencies ,so, what, a handful in the MARKET can keep there phony wealth......
The entire world be dammed ! Screw them I want mine. Like the lazy useless that will allow a useless President to golf for 4 more years........ look at my picture. He is a narcisist nut job and surly he will indite Georce Washington is post mordem and get his picture on the worthless dollar.......
The Name's TED, Remember Me? [View article]
I am sure your still buying food an gas... Treasuries... I just own TLT and I keep raising the stop ,but, I am sure it will go to 2% on the 10 years and so I will hold.
Even if the Reps take the house keep the house and take the Senate and Barry retires or is retired.......... It is too late.........
A major reorganization is going to take place.. On many posts since I found this S A site Itold all who would read i have seen what was coming and used my feet........ Like Reagan tough me when I was a baby Republican.
I moved to a banana republic.. Costa Rica... It is a beautiful country ,but, after 3 years I realized it sucked and the problems here were the same as home ,but, Latin people are smart ,but, have 0% common sense.
Then I moved south to Panama........100% better and this banana republic has what America needs ! They have a conservative billionaire President who has taken the bull by the horns and worked miracles... He even bent over with the US and ended the famed banking secrecy stuff and signed a treaty with the IRS.... That is the opener for Free Trade treaty and maybe the US will finally sign it.......... Now were a country with a good financial rating ! WOW
To bad Panama has a 1 term law.
That is truly America's only chance... All politicians get 1 term an out....... No possible re-election and viola... They might do the right thing ,but, the Supreme Court struck down and that is that.
I am watching Bloomberg 16 hours a day and it is the foreign addition and expert after expert are saying get defensive and things could get worse........ These were the same best of class telling all is o/k and look to buy on diparouskys......... Right !
Now I am watching Spain and Italy's bond yields rising more. It isn't just Greece,,, There all going to default as they can't print fast enough.........
Fortunately for American's who could see past politics FOX showed Glenn Beck 2 hours a day for more then 2 years...
He was as clear as could be and predicted this BIG TIME..
He had the Prof. N Ferguson's and the best minds like Jimmy Rogers and other non political economic thinkers and was even harassed by Congress ( like the wiener pig) for hyping Gold and silver.... Lambasted by the Dems over an over for warning of Europe's downfall and the pain that would come to the US.
He told that Americans were going to care for each other and he was right. Things are going to get worse and there is no way the FED will digitize the way out............
As I keep warning for 4 years..........2 years before Beck. Get ready..... I am .......
My family won't listen... There genetically Democrats and I am the stray Rep......... Now I don't even live in the US and since Panama is 70% cheaper for a similar life style I am doing a/o/.k..
Rushing to collateral as US dollars...... That will be the trap of all time ! Waiting to here the FOMC meeting....... A joke !
Get some assets out of dollars... Get some REAL metals not paper ones and get some land with water....... bueno suerte