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Ivan the Fool

Ivan the Fool
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  • Markets Ignore Eurozone's Only Choice, And Growth Isn't It [View article]
    "More resentful" may not mean "easier to manipulate." It could mean the opposite. If people are trying to add to wealth, then they might follow sentiment up or down, but when people don't have enough to eat, they will not be manipulated, just resentful.
    May 30, 2013. 01:14 PM | Likes Like |Link to Comment
  • It Feels Like Yet Another Bubble [View article]
    What happens if the feds stop printing? Domestically, austerity and civil unrest will result - and on the world scene, other nations would gain a competitive advantage, because printing = free money.

    How is it possible to print at the recent levels and yet have a strengthening dollar? Dollars are not making it into the domestic marketplace. If they were, we would have growth and jobs and we would also have inflation and a declining dollar relative to other currencies.

    Where is the money going? Into banks and overseas. Some of the money is trickling out into our system, but not much toward actual infrastructure. Lending for home building does NOT help our economy. Homes are not producers or job creators except in a very short-sighted view. That we haven't learned this is a testament to our belligerence.

    In terms of economics, the answer is utterly simple... give money to businesses that have room to grow domestically and stop giving it to corporations that operate overseas. Duh!

    Similarly, the problem is obvious... our leaders pander themselves to the corporations. Supply side trickle-down economics doesn't work. It requires only the most basic logic to see that you can't expand infinitely within a finite system. Economists like Bernanke aren't idiots - they know this stuff. What is happening is a charade.

    How many more factories have to crumble to pieces killing the foreign laborers that provide our cheap products? How long do you think people from other nations are going to let us exploit them? If you look at yourself honestly, then you have to accept that you are a slave owner. You may not have to witness the "whippings" yourself, but that makes it all the more disgusting - we hide the suffering while propping up images of wealth and comfort.

    The only way to acquire wealth is to allow others to labor for you. This is what we want, right? We want to play on our boats and motorcycles while impoverished peoples struggle for basic necessities. Right?
    May 30, 2013. 12:47 PM | Likes Like |Link to Comment
  • "The Real Bubble is Gold: and It's Deflating," writes MKM's Mike Darda, who says the key turning point was the metal's (GLD. IAU) failure to rally in wake of last fall's QE∞ inception. "Investors simply took it at face value that gold was soaring and would continue to rise because of (the Fed)." Inflation picking up will be even worse for gold, he says, as this would make the Fed an aggressive tightener of policy. [View news story]
    Orionds - though tech industry seems to be doing well with many advances in different sectors, the 2000 tech collapse damaged many emerging technologies that are competitors to the old guard. Who knows how far we may have come without the collapse. And while gold may rebound, there seems to be a similarity with the tech bubble of 2000 and the other major bubbles - insiders manipulating the markets with large buying and selling. Personally, I don't believe that normal "market conditions" account for the tech collapse or the more recent decline in gold prices. Some may think such opinions are conspiratory, but the history of the world is essentially the powerful taking from the common citizen. Gold can be manipulated too - especially these days with the technological capacity to trade large numbers of shares in seconds.
    May 30, 2013. 12:52 AM | Likes Like |Link to Comment
  • Equity skittishness amid the bond rout has put a bid back into gold, the metal gaining 1% and nearing $1,400/ounce again. In the meantime, Asian demand from April to June will hit a quarterly record and take up the slack from ETF sales, according to the World Gold Council. Indian gold imports are expected at 350-400 tons, up 200% Y/Y. GLD +0.8% premarket. [View news story]
    And we're just going to send a bunch of gold to Asia in exchange for virtual currency - yeah, right. There are only 4 options:
    1) We don't deliver.
    2) We deliver, but have master plan to get it back
    3) Gold becomes worthless and virtual money prevails
    4) The U.S. forfeits its sovereignty
    While I suppose any of the 4 could happen, 1) and 2) seem far more likely than 3) or 4).
    May 29, 2013. 12:54 PM | Likes Like |Link to Comment
  • Time To Change Investment Strategy On Wall Street [View article]
    With a name like Bubblebustinvesting, it seems like you might consider a long play in PM, such as large, well managed miners, but you seem to be throwing the entire PM category under the bus.
    May 29, 2013. 12:40 PM | Likes Like |Link to Comment
  • 3 Things Investors Should Watch On Wall Street This Week [View article]
    Billionaires have Bubble Fever. Past bubbles demonstrate that working class people get in the game too late and don't get out on time. If you may be one of these people, be extremely cautious with your hard-earned money, because it is very likely that someone is planning to steal it. If you are a savvy investor, however, unlike myself, there are no doubt gobs of money to be made playing the markets during this era of volatility. To y'all I say... do something worthwhile with your earnings and give back to your communities. When the dust settles from all of this, Globalism will give way to Localism and communities that are able to produce their own critical resources will fare the best. This... the HO of a Fool.
    May 29, 2013. 12:32 PM | Likes Like |Link to Comment
  • Central bank buying of gold (GLD, IAU) is but "a drop in the ocean" of investor sales of gold ETFs, says Commerzbank. The team says banks bought about 30 tons in April vs. 117 tons pulled out of ETFs thus far in May, and 290 tons in Q2. On a more bullish note, this chart shows gold's current move bears close resemblance to the1976 bear market that set the stage for explosive gains later that decade. [View news story]
    Dan, my opinion is that there is a big difference between virtual gold and real gold. For instance, a billionaire cold sell off large holdings in something like GLD within a matter of seconds, but the movement of physical gold is very different. There can be a lot of manipulation in the markets with large price fluctuations without any movement of gold. Actual gold is a bit mysterious - the only way to know for sure would be to go into vaults and look - and even then what you see might not be real because there have recently been reputable dealers delivering bars and coins with gold on the outside and a metal with a similar density underneath. I am short on details here and going by my memory of stuff I have read over the last few months, but you should be able to search this topic relatively easily and find some very enlightening info. One interesting thing to note is that China has apparently put in orders for over 1000 tons of gold, but only about a ton has actually been delivered. Another story is billionaire George Soros selling large quantities of gold stocks prior to the big plunge on April 19th and then recently purchasing mining stocks. These are topics that you could investigate to get a better understanding of the current gold situation. Generally speaking, there is far less real gold than is being traded in funds. Even if people could exchange virtual gold for real gold, If everybody were to sell at once, only the people first in line would get the gold because it would quickly run out. Good Luck.
    May 28, 2013. 07:34 PM | 1 Like Like |Link to Comment
  • Precious Metals Defy Logic [View article]
    Yes... "limited"... for now... but it is quite clear to me that we are in a world war right now... it is no longer simply an issue of extremism in the middle east... that many more millions have not yet died does not negate the fact that world trade patterns have been seriously disrupted. I won't try to convince you any further. Good luck with your investing.
    May 26, 2013. 10:24 PM | Likes Like |Link to Comment
  • Federal Reserve Kicks Up Communication Dust [View article]
    The whole world is listening, not just American investors. Why is all the talk about domestic issues? Might some of that QE$ be going toward an effort to cripple foreign companies? As we all know, buying low and selling high over short duration with large sums can have a profound impact on a company's bottom line. Maybe the big drops are not just due to the sentiments of American investors but from investors throughout the world. Japan tanks and then we tank in a similar fashion. Seems suspicious to me. Maybe the fed doesn't want to give away their strategy to other nations, and so they are giving mixed messages to keep them on their heels. Inflation is not just a domestic issue - it depends on how many of our dollars are leaving vs. staying. Both stock purchasing and trade effect inflation. The reason our economy isn't improving is probably because the money isn't being spent here. It would also explain why inflation is being kept at bay. The money being spent domestically is to keep social programs going so that wide-scale civil unrest can be avoided - it has some impact on the economy through government employees, but is ultimately a drain on real growth. If they were spending the $85 billion a month on domestic growth through real infrastructure projects, then our economy would be growing much more quickly. Or maybe I'm way off on all this. Thoughts?
    May 25, 2013. 11:37 PM | Likes Like |Link to Comment
  • Precious Metals Defy Logic [View article]
    My definition of casualties includes more than just death and physical injury, but here are some numbers for you: Just in Iraq, 5000 American troops have died and over 30,000 have been wounded. There have been about 1,000,000 calls to suicide hotlines for veterans of Iraq and over 25,000 rescues of suicidal veterans, but more than 75,000 have completed the act, with an average that has climbed to 25 a day at present. The consequences for Iraqis have been much worse, with over 1,000,000 violent deaths. These numbers do not include Afghanistan, Syria or any other place in the world. And tensions are mounting... if we don't start playing fair - and soon, these numbers will seem small.
    May 25, 2013. 08:59 PM | Likes Like |Link to Comment
  • How The Fed Directly Subsidizes Corporate Profits And Why The Game Is Over [View article]
    Again with the arrogant elitist talk. Did you grow up poor and overcome it and are still carrying resentment or do you just not know what it's like to be poor?
    May 24, 2013. 11:10 PM | Likes Like |Link to Comment
  • How The Fed Directly Subsidizes Corporate Profits And Why The Game Is Over [View article]
    Tack, Lowest common denominator? Are you implying that people who are unable for whatever reason to gain higher level skills don't deserve to live? The most efficient use of capital. Really? Hauling off the poor to death camps would be an efficient way to reduce costs. You are coming off as a genuine fascist. What are you proposing?
    May 24, 2013. 11:05 PM | Likes Like |Link to Comment
  • How The Fed Directly Subsidizes Corporate Profits And Why The Game Is Over [View article]
    Great info. Thanks. Outsource and then ship back. I knew this, but you have made it more clear.
    May 24, 2013. 10:48 PM | Likes Like |Link to Comment
  • Precious Metals Defy Logic [View article]
    ap... agree with your comment about miners - probably the main reason why prices have been kept artificially low. I do not agree the East will be big future winners, however. If they can steal from Fort Knox, then why not from India, for example? A short time ago, there was indication that the U.S. somehow managed to cut off power to nearly all of India in a matter of hours or even minutes. I believe that the U.S. has military capacities of which the public is unaware. Personally, I think they are allowing gold to be purchased with the fake printed money of other nations because it is very expensive and non-essential. I see no other way to wrap my head around simply giving away riches and allowing America to become a third world nation. As Warren Buffet says, "There's no way you can bet against America." "America" may not include a lot of actual Americans, however, especially South Americans.
    May 24, 2013. 10:30 PM | Likes Like |Link to Comment
  • Precious Metals Defy Logic [View article]
    Happen to know any vets with missing limbs? Maybe you should ask one of them. I change my opinion of you - you are way, way too confident. Go ahead and focus on today. Tomorrow may bite your head off.
    May 24, 2013. 09:59 PM | Likes Like |Link to Comment