Stacy Summary: Afternoon edition. Let me know if you prefer headline updates in a separate blog entry like this or if you prefer them at the top or bottom of a once daily Headlines, Headlines, Headlines entry.
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ref. max keiser – Get 6 mo’s free storage
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Rick Ackerman-
- Michael Hudson
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- David Morgan
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
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crash banksters – Buy Silver & gold
![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/platinum/t24_pt_en_usoz_2.gif)
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Goldman Sachs To use spreads to assess risk – Didn’t spreads only blew up after everything fell apart? Would using this strategy instead of rating agencies have made a difference?
WOW …I think when you read comments on here and ‘similar sites’ that the people who post are roughly split into two camps, those who are looking for free ahead of the curve financial advice and those looking for some ahead of the curve political insight. A few people commented they see nothing wrong with hedgeing their bets (fair enuff).
IMO basically those who have invested time and energy preparing for and accepting some kinda post ‘geddon’ life or those who are still trying to focus energy on avoiding possible ’geddon’ while influencing a positive outcome for the future.
I would like to learn from both approaches, but I am too poor to invest in gold but I’m easy as I’ve made my own choices and I’m happy with them. I just wish after reading some of the comments posted recently those with gold or property could stop feeling so worried, hypersensitive or angry ( I mean if you feel like this now, god knows how threatened you’ll feel, if society breaks down and you have to pass starving women and children etc everytime you want to buy a loaf of bread).
So don’t be annoyed with those haven’t been fortunate enough to buy gold or who’ve taken comfort from the words of Bob Dylan:
“When you got nothing, you got nothing to lose. You’re invisible now, you got no secrets to conceal”
@Mep….while you’re wondering whether to ‘Dine on the Swine’ some scatalogical humour for you and Ya’ll, click on the track called ‘DIRT’…..enjoy.
http://www.myspace.com/ericbogosian
“Venezuela’s central bank corners local gold production on weak dollar expectations”
http://www.bi-me.com/main.php?c=3&cg=2&t=1&id=35836
This makes mining stocks look awfully risky to me.
I’d like to share something I find troubling in Goldmoney.com’s User Agreement. I was initiating the account set-up process, read this and… oh boy.
“XVI. INCORRECT INFORMATION
A. The User is encouraged to access his Holding on a regular basis and is strongly
advised to access his Holding at least once every thirty (30) days in order to
benefit from the protections outlined further in this clause XVI.
B. If a User believes that any item reported in his Holding is incorrect, or that any
unauthorised or fraudulent activity has taken place, the User must contact GoldMoney
immediately.
C. GoldMoney must be notified within thirty (30) days of the date on which the
suspected problem comes to the attention of the User. The User shall be deemed to be
aware of a problem with his Holding if the problem can reasonably be detected when
accessing the Holding and a period of thirty (30) days has elapsed since the suspected
problem arose.
D. If GoldMoney is alerted of a potential problem within the thirty (30) day period and
such problem was a result of a breach of security at GoldMoney, the User will not be held
liable for unauthorised or fraudulent payments or withdrawals that occurred during this
thirty (30) day period, except where such payments or withdrawals resulted from the
misuse of the User’s Holding number and Passphrase.
E. If the User fails to contact GoldMoney within the thirty (30) day period, he will be held
responsible for all unauthorised or fraudulent payments or withdrawals but excluding
unauthorised or fraudulent payments or withdrawals made by GoldMoney and Net-Gold.”
I like the updated separate blog myself Stacy.
Mr. Supergeek
If you have no means for gold, don’t worry. Like I have said before, gold is not very palatable! Buy organic heirloom seeds while they are cheap and freeze them. If I am wrong about seeds being worth more than gold, and “‘geddon” does not come the loss was minimal, and gold won’t realize any major gains either. The idea behind survival is not wishing what we could have, but making due with what you do have and exploring your genius to create what you need and improvise with what you have. Believe me I love the look of my silver bullion and wished I had a collection of all precious metals, there is something hypnotizing and mystical about them. But for now all I have is 52 ounces of silver. I can live with that, because I have practical investments as well. A nice cross bow, knowledge, good boots, and warm clothes. You get the idea.
Best regards, have faith in your Inner Genius,
Don
Mmm, one blog seems preferable but maybe if there are many comments which makes the webpage scroll long it isn’t such a bad idea after all.
But to avoid any misunderstanding maybe call this one Update 1 or somtin like that cause just a minute ago I was womdering where all the comments went.
The drug use issue.
I am a recovering alcoholic. Early in my recovery I felt horrible a real emotional mess of piss and self pity. I knew that the docs would sell me the latest greatest “fix all” but I also knew that I would probably get hooked and abuse those like I abused alcohol to “fix” my problems. I encourage anyone on this site or on the street to seek out a recovery program and delve into that great unknown to seek out the baggage that leads one to the bottle or the pills. These drugs block us from our Genius and shut off that Sun Light of Our Collective Consciousness.
“Creating a famine where abundance lies” like Shakespeare put it so eloquently.
@Don
Something that to occurs to me when comparing attitudes in europe/UK to US, Is that in times of trouble americans still remember the pioneer spirit and revert to bearing arms and survivalism. While those in europe we consider right of centre seem to remember colonial mentality and are just cruel or exploitative towards those people who they consider worse off……dunno maybe I’m just generalising, anyways good luck. I have really appreciated your comments today.
Watch Cameco
They mine Yellow cake, but suddenly they after GOLD as well……
Mike
Mr.Supergeek –Thank you I enjoy your comments and thoughts as well.
mike/liverpool
Gold is definitly in demand. But what about all the reactors world wide, see this is where I can not for the life of me understand what is going on. There are roughly 465 nuclear reactors world wide. Yet, world wide U3o8 production is really low. CA, AU, Kazakhstan and Gabon being the main producers while Russia enjoys some of it’s stock piles and the US produces a mere fraction of it’s potential.
Where is the feed (U3o8) comming from in 2012? 2015 or 2020? The deficit will be huge and U3o8 will sky rocket. Providing armageddon does not take us first. But all Uranium companies are the cheapest penny stocks, right now.
@Mike/liverpool
It just occurred to me that I was in uranium and since I got laid off, I have been spending all of my prospecting energies in looking for gold plays to bring on line.!! ha haa haa haa. Wyoming has been largely under worked and host the same geology as the Canadian Shield and Australia craton. Dammit! So where’s the gold?!?!?! hah ha ha
Max/Stacy
We realy need a Forum……..Please?
Mike
Don
Yep I got Cameco, i bought @ $32……it went up to $48……Then crashed with everything else to $12 !!!!
About $25 now.
Mike
Mike/liverpool
I feel your pain.
I have 75K shares that I am in at .20c AU they went up to $4.10AU in less than 1 year and have been hovering around .10cAU since December of last year.
once a day headlines are good.
But the comments section is rapidly deteriorating – people could at least try to leave comments relevent to the headlines…
Mr Supergeek: When I was poor living paycheque to paycheque, I was not stressed as there was nothing to lose. Now that we have some wealth, the stress and anger comes with the knowledge that the “system” is rigged to steal it through inflation and manipulation. The hardest thing is to keep what you have attained. In Weimar Germany those with nothing did ok. Landlords lost to rent controls. Debtors did well, debt obligations were wiped. Land owners did ok. Stocks of real companies did ok. Wealthy individuals were wiped out unless they diversified out of German fiat. Ironically, if you could have bought raw land and gold with debt, you woud have done very well. Now, in a global fiat debasement, I buy gold and silver coins for two reasons. First, insurance against theft by inflation. Second, I always wanted to be a pirate when I grew up. AARRRGH!
ARRRGH!
JP Morgan has the food stamp program on their debt cards now. Like unemployment checks are paid out on Chase debt cards. wtf? They have their hands in every pie.
Prescription Drugs,
Have you noticed that you almost can’t do anything, without it being called/labelled as a “disease” or an “addiction”.
Clever propaganda.
@Stacy,
I like the separate blog. I’m on the other side of the pond; so I’m half a day behind before I even get up.
Oh, and speaking of propaganda; It’s -6.2 degrees Centigrade with a wind chill of -12. I guess that’s why they’re trying to re-label it “Climate Change”.
That doesn’t mean I disagree with the polution problem though.
Stacy and Max,
What is your view on silver? I own both Silver and Gold. I believe Silver is undervalued compared to the ratio historically.
I prefer headline updates in a separate blog entry like this . Thanks.
@ Mr. Supergeek. Thanks! I’m done with the other white meat, though. (Don’t even think I could do organic pork; the toxic pig shit lagoon imagery that’s in my head now is that powerful–to say nothing of phrases like “trees dripping with pig shit” and “hogs are in a perpetual state of dying”.)
@ William – You’re right. It’s propaganda. Very powerful propaganda.
Observers have known for quite some time now that antidepressants really don’t work any better than a placebo would. Drug companies and drug pushers respond to that by getting the public to believe in a “best fit” drug: they say that due to individual differences, some people might not respond to drug X; what they really need is drug Y . . . when that fails, maybe it’s drug Z. So patients start believing that there is a “right drug” out there for them (just as some of us believe in a “Mr. Right” or “Mrs. Right’). Either that, or a patient taking drug X and having adverse side effects is given drug Z in addition to combat the effects of drug X.
We have a new drug now called “Abilify.” Abilify is sold as an antidepressant booster of sorts. The commercials tell people that since antidepressants are ineffective for “some people,” all that people need is to give their antidepressant some assistance by taking Abilify on top.
It’s insidious. My personal opinion is that the process of labeling and selling people on a personal disease narrative is more harmful than whatever it was that brought folks in for treatment. I think it’s the labeling, the “treatment,” the process of learning to see oneself as “other” and deficient (aka development of an illness narrative), and the repeated failure of treatment to work that really messes people up. And I do have experience here. I got caught up in the propaganda when I was 20. It took me 6 years to figure out that I wasn’t the problem, and to extract myself completely from the biopsychiatric model of thinking. In the process, there were some professionals who tried to re-label me as crazy for questioning the entire practice of medicalizing depression. Breaking free of their discourse is a very hard thing to do.
There are some classic books that I’d recommend for anyone interested in labeling and treating mental illness. One is Thomas Szasz’s “The Myth of Mental Illness”. (Szasz took a lot of heat for his book, b/c he was a psychiatrist.) The other is Thomas Scheff’s “Being Mentally Ill” (now in its 3rd edition).
@Stacy – whatever is easiest for you. Seems that most people look back to old entries for updates when there is nothing new on top.
I prefer a single headline posting. It is easier to scan for on a small screen (like my PSP and Palm).
Thanks again for the knowledge and hardwork…
A couple of goodies:
Roubini: “We can’t subsidize the banks forever”:
http://online.wsj.com/article/SB124147831175584985.html
Congressman pushing for investigation of Chrysler bankruptcy:
http://www.huffingtonpost.com/2009/05/05/creditors-may-have-pushed_n_196964.html
Oh, just sat there and tried to figure out what the expression economic tea leaves meant… is that the same as to read the “coffee grounds” or look into the “crystal ball”?
Well I’m wondering about the future when it comes to money? What is money now and what will money become? Most of us would agree that money is a medium of exchange, that is if you think of the “old” form for money (tally stick, gold, giant donut shaped stones, seashells, aso). The “new” money is a medium of covering debt. The banking system screwed the paper money right from the very beginning. Although some successful attempts have been made like the colonial scrip and local paper money (LETS) that is actually growing today.
But what do the future hold? In the age of digital money, who exactly have the money or Control the money? You certainly do not, because you do not have access to it. You can’t take digital money with you to your own home. You can’t use it unless the bank agrees on the use. You also know that as long as the bank controls the digital money on your account it will most likely be borrowed out to another person by the bank, and it all will look normal on the balance sheet until that one special kaupthing bank day. With digital money you are under the mercy of the bank you use. It is being said that between 3-5% of the whole money supply is physical money, and I would guess that banks hold most of that too. Think about where the rest of the money supply is…
I am a bit worried of the growing big brothers around me. Remember the private big brother is still gigantic compared to the government big brother. If in the future there is a merging of different cards like driver licence, bank cards, ID cards, chipknip, national ID card into one “do it all card”. It will be all so easy to cut you off if you don’t behave like they want you to. And away your digital money goes…
I guess someone in the US is trying to curb freedom of speech in a way that could outlaw tirades like Maxes and make him a felon! http://volokh.com/archives/archive_2009_04_26-2009_05_02.shtml#1241122059
Daniel,
Thanks for bringing up that clause from GoldMoney.com. I will now make sure to check my holding more casually every month. I don’t find that restriction too burdensome, however. I think they put that there to avoid a fraudster who 1.) establishes a large holding 2.) gives out his PW to a fried to raid it, then 3.) months later claims it was stolen and sues GM, while his friend gives him a share of the stolen gold.
Brandon, on a radio interview about 2 months ago or so, Max said that he thought the silver/gold ratio would “normalize”. It currently favors gold making silver relatively cheap. Hence I own more silver than gold since I too expect this to normalize.
I’m not certain but my guess is this, since silver has more industrial uses than gold: Improving economy –> good for silver Declining economy –> good for gold. Just a guess.
Note also that there is much less silver in the world than gold. For what its worth, I bought a silver mining stock a few months ago and it is now up about 90% (wish I’d invested more in it!)
Daniel, Nice one. I remember reading the T&Cs when opening an account. It is scary. Don’t forget the ‘If you fail to log in once in 7 years, all your metal belongs to us…’ clause.
As someone who has has his ID stolen, I’m quite paranoid with my GM account. But this remember is the risk of holding money of any kind. Gold bars under the floorboards make sense if you own your home outright and have a really good security system, safe deposit boxes in London were recently raided by police who took everything and asked people to prove where they got the items from, on the premise that it was being used by drug dealers to stash loot.
It is interesting reading posts on here. I for one do have faith in humanity. I don’t have faith in Nations. My understanding from history is that push comes to shove leaders will find innocents to blame for their own faults, Jews in Germany from the history books, and Indians in East Africa from my own family history.
It’s really simple, you can plan for the worst, save, stash, siphon your money to whereever you want. But you have be prepared for when they take everything from you, because then the only thing you will have is whatever is between your ears. I guess if you worry about your money more than you do your health and intelligence then you really do have problems.
“The actual monetary order is a fraud. It punishes the workers and the
pensioners. It is destroying the middle class. Now inflation is not the
biggest problem but rather it is deflation.
To avoid both, the world must return to a gold standard. The gold standard
is the only “honest money.” It can restart the world economy at the maximum
of its potential guaranteeing the savings and increasing the level of
investment. Furthermore, during times of a gold standard, historically there
are fewer wars.”
Ferdinand Lips
http://www.fromthewilderness.com/free/ww3/gold_wars.html
Is gold the silver bullet that everyone says it is? In times like these people find it comfortablte to go back to some old ways of doing business in society. I’m not bashing the gold standard, just say it’s better if we experiment and be creative in solving our problems. Like using some kind of social credit system, new ways of banking and lending, etc.
@ Stacy
how does one upload our thumbnail pic underneath our name? i for one would like to match faces with the excellent commentary on here.
Any support on this one guys???
Friends the strangest suggestion I have that may help you better understand who we are dealing with is to check out this link. Shocking, thought provoking and well researched.
http://video.google.com/videoplay?docid=5851104821474981851&hl=en
(DARN KEY BOARD) “strongest suggestion”
Interesting piece from Catherine Fitts
http://solari.com/blog/?p=2762
Roubini on Bank Stress tests. The worst case scenario of 7.9% unemployment has already been passed at 8.1% and heading higher. Seems another example of psyops by the debt pushers. The results will be a cognitive distortion.
http://online.wsj.com/article/SB124147831175584985.html
@sam, I agree. However since I’ve worked hard to improve my physical and mental health during my entire adult life to no avail, I have a tendency to worry generally and about money (or at least carefully consider risks and benefits).
I’ve gone through crisis already. I’ve been living under threat of death by homelessness for about 10 years. Then I finally start being able to save money after repaying debts, and this mess happens. It’s difficult not to worry in my situation. The people in my network are all sitting ducks, and my mind shuts down under stress. I expect to be proven out as having a better understanding of the crisis than most, but among the first to die.
Regarding Goldmoney:
I think people shouldn’t assume that they’ll have secure internet access during the crisis and possible outright collapse in their region. Then it seems to me their alternative currency in Goldmoney.com would be fair game for theft.
@stacy
is it possible to do the headlines the way they are now and also have links to the separate blog entires on the left side like the twitters are on the right with just their dates and then if you clink on them it goes to the separate blog entry? in that way, if you’re looking for news from a month ago, for ex, instead of going through all the pages you could approximate the date of the news and click on it?
i hope that made sense!
stick with this format. it includes tacit date information which is helpful, plus breaks headlines into sensical groups.