Stacy Summary: You guys already need another jibber jabber!?! Must be that Monday thing . . .
  |
 |
-
ref. max keiser – Get 6 mo’s free storage
-
Rick Ackerman-
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- David Morgan
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
-
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)
-
repost here
@stacy
It is time that you make a rule here
All posts must be in the form of a Limerick
There once was a Max named Keiser
Who was known to be a wee wiser
He moved to France
Where he could dance
Upon his gold that lies there
Today is my birthday.
@WL – wow, um, we’ll have to ask @Danny and @david to judge your limerick . . .
@Teresa – Happy Birthday!!! @maxkeiser will have to send you a little piece of crack art
Man – that Janet Tavakoli is a babe !
Ok, I didn’t see this posted:
http://exiledonline.com/ames-talks-about-corporate-communism-on-msnbcs-morning-meeting-with-dylan-ratigan/
Inside story adds a video dimension to the world socialist websites article: The Nobel War Prize.
Includes: US Richard Murphy Robert Fisk Azzam Tamimi
http://www.youtube.com/watch?v=3B6dCeEiliE
Stacy/Max
£ Dropping (I think this is it)
Gordon Brown just be on TV to say he selling the last of the silverware!
He looks both ashamed & worried……Very worried!
Mike
5th!!!!!!!!!!!!!!!!!!!!!!!!!11
DSB Bank in Holland broke
4.000 saver with more than € 100.000 on DSB accounts do not have a claim on guarantee arrangement with government.
Jim Rogers says dump gold for silver &/or palladium
http://www.forbes.com/2009/10/09/silver-palladium-gold-markets-commodities-precious.html
@TroyOunce – those 4,000 must be pretty stupid? the run on the bank started over a week ago . . . I thought it was hackers!? Isn’t that who the bank blamed it on?
http://www.omda.bg/images_more/vratsa_mogilanska_mogila_wreath_gold.jpg for janet , something classical ,i stole this for you from the museum, gold diadem ,sunset too is yours . larry .http://www.erasmus.gr/UserFiles/Image/Tours/sounion_temple_sunset.jpg
After takin’ a walk wif my dog
I talked with some clowns on a blog
But Stacy became curt,..
cause of us shovin’ the dirt
and not seeing the mist through the smog
YEAH! JIBBER JABBER!
Paris cafes are the rage
When Max like a tiger sans cage
Growls from the table
Roars left right and able
Distilling the publican’s stage.
@y’all
RE: typo: repost
I was on the phone and cutting my hair so!!!
I liked people and power-money
I watched it with my wife
it wasn’t very funny
but it taught me about real life!!!
apologies to anon.
http://www.artinthepicture.com/artists/Frederic_Church/greece.jpg missing sunset.
Stacy
You must find that clip of Max……..”….not before the UK crashes, this will be a thing of beauty”.
Mike
gold of a different kind ?, wheat and natural gas ?,those sexy gann swing traders say these have equalled their fall in percentage terms in last depression ? ,they simply have not bounced like other commodities etc ,ewi long term forecasts for natural gas are parabolic something to behold..
silver was appalling in last great depression , was not a buy until 1931 1932 ? right at the bottom of the valley of the depression ,gold we don’t know because it was fixed as we know,silver only did well during ww1 after that it was down hill until early 1930s.not for me . gold to me is something that’s neutral. at each and every recession depression it ends where it began mostly except late 1970s. end of recession it mad a spectacular one off 90 % gain due to abolition of gold standard. i agree its a good place to store your wealth but that’s about it .
There once was a Janet Tavakoli
who said the value of the dollar
sprung a holey…
But little did she know
even with Max Keiser in tow
The dollar was now used to make Guacamole….
As we pointed out several times previously, the SDR, which is a basket of currencies, is a logical replacement for the US dollar reserve. It is rebalanced in its composition every five years, and the next remix is going to occur in 2010.
http://jessescrossroadscafe.blogspot.com/
Ah…remix.
Guess the F-35′s will get suddenly er, affordable? UTC has had a heck of a time configuring the deal!
It is Thanksgiving Day here in the Frozen North.
We are grateful.
(I love pumpkin pie.)
Ok. I listen to Bob Hoye and try to get a feel about where the rubber hits the road. Note where he says he was stopped out twice on shorting large silver producers.
http://www.howestreet.com/index.php?pl=/goldradio/index.php/mediaplayer/1419
I also follow Rick Ackerman:
http://www.rickackerman.com/
Haven’t got two minutes for the likes of Jim Rogers.
Thanks Max ….
You had warned us well in advance about DSB……
If The Independent and Robert Fisk can be dismissed as the tabloid fringe by the mainstream media and those desperately clinging to status quo, here is a piece on the diminishing dollar from the radical paparazzi known as Bloomberg news. (Jesse post)
Ah, no. There are those readers who appreciate a bit-of-backup for rumours concerning secret deals pursued in tents by oil trading Arabs and Chinese agents. Specially since the sdr-component/gold addition was a fabled addendum to reality.
Support of the “status quo” would be an enablement of the sdr-functionality conduit through the auspices of the IMF.
@ sg check your messages on forum….ever heard….white lies, fast food and politeness, ian shoales?
@Fransix ,.Thankyou for the link . amazing to hear `such strong rhetoric in msm. from your posts you obviously have a very thorough working inside knowledge of these things ,if you don’t mind, please , what are your thoughts on dollar ,gold next to 6 – 12 months ? it does seem to be such a mess they have made of things.
OH AND HEY!!!
WHAT’S WITH MAX’S HAIRDO on those Janet Tavakoli vifds?
Good lord! Max! She may be a looker but you won’t impress a looker with a bit of puffery…
@scott
there was once a cool oregonian
who was quite a funny comedian
he rhymed the name takavoli
I laughed and said holy moley
not bad you fat fingered barbarian.
looker…..fellas you all need to pack your bags and head on over to asia ok……seriously .
@dan.v
re: email…done!!!
Here’s a posting from Jesse’s blog Cafe Americain from 2008 discussing the inevitable sovereign default of the US:
http://jessescrossroadscafe.blogspot.com/2008/10/in-2009-us-may-be-forced-to-selectively.html
“The problem now is that the US has breached the point where it can service its debt out of real cash flows, and turning this around will require a severe devaluation of the US dollar.”
Are we looking at a defacto default by the US on sovereign debt being coordinated by the IMF?
@SG….file sent enjoy. Do provide a critique, Im off its midnite here.
Is it American Gangster
http://tinyurl.com/2y2xu3
or American Oligarchy
http://tinyurl.com/ykefwpt
Is there a difference?
2012 isn’t the end of the world, Mayans insist
http://news.yahoo.com/s/ap/20091011/ap_on_re_la_am_ca/lt_mexico_apocalypse2012
I nominate Stacy to receive an award for her future written Limerick A pre emptive limerick award.
There was a Gordon of Brown
Who sold gold when it was down
Right at the bottom
Now in the Autumn
He looks to sell the whole town
Late-Night Comedians Turning on Obama
http://tv.yahoo.com/saturday-night-live/show/194/news/tv.tvguide.com/latenight-comedians-turning-obama-20091011
@WL .. LOL .. best so far !
Do one on Blair please !
Here’s a little song I composed for the MaxKeiser.com community. If you don’t know the tune you can find it at:
http://www.youtube.com/watch?v=RlTtLAEZ3AY&feature=related
I”ve asked Max, who has a Dylanesque voice , to sing this on the air!. Comments welcome.
IT’S ALL OVER NOW, UNCLE SAM
by Chris McCarthy
(melody: “It’s All Over Now, Baby Blue” by Bob Dylan)
1.
Your empire, you must believe, was surely built to last.
Could what they say be true, that it is crumbling fast?
With your bomber, and your missile and with gun
You certainly had your day in the sun
But take one look all over your great land
You’ll see it’s all over now, Uncle Sam.
2.
Years ago you borrowed cash in increments
Even though it went against your common sense.
A couple billion Treasuries were sold.
You didn’t see much more use for gold,
as debts piled up while fighting Vietnam.
But it’s all over now, Uncle Sam.
3.
Your bright financial wizard tells us that he knows
How he can make us wealthy by selling CDOs.
Those Wall St. brokers sure know how to live.
Six hundred trillion in derivatives
are flooding downhill from the bursting dam.
That’s why it’s all over now, Uncle Sam.
4.
You can’t afford the armies you’ve got stationed overseas.
Its looking like the endgame of hegemony.
The debt collector rapping at your door
Is a country that we once considered poor.
The whole wide world can see it was a sham.
So it’s all over now, Uncle Sam.
XAUGBP seems intent on exiting the stratosphere, lets hope it doesn’t pull a Challenger: http://tinyurl.com/ykaxvph
There once was a human dredge
Who searched and found the golden hedge
“The dollar is dead!”
“Now, End the Fed!”
Cried Max Keiser on the edge.
Phil, your avatar would make a good LSD tab.
I hate to be a party POOPER, but the “USA empire” will not be through until the IMF and the BIS central bank web is dismantled. We have a group of bankers operating out of the G20 and the EU and using a reserve currency called the sdr in future with a full agenda of tyranny and salacious intent.
Calling Belzebub by a different name is as Shakepeare decried nominals a mockery.
“What’s in a name? That which we call a rose
By any other name would smell as sweet.”
I hate to be a party POOPER, but the “USA empire” will not be through until the IMF and the BIS central bank web is dismantled. We have a group of bankers operating out of the G20 and the EU/UN and using a reserve currency called the sdr in future with a full agenda of tyranny and salacious intent.
Calling Belzebub by a different name makes no difference: Shakepeare decried nominals as mockery.
“What’s in a name? That which we call a rose
By any other name would smell as sweet.”
odd: it came up twice…sorry.
@phil
A quick one
There was a Blair named Tony
Whose country thought him a croney
To be Europe’s prez
As everyone says
Smells of shit and baloney
@Chris:
It’s a nice song, and I’m sure America deserves it, but with all due respect what we are seeing now is the fruition of Bretton Woods, not the ending.
If we were safe home from the woods the wolves would not be roaming about as guardians and saviours.
@WL:
Your last one is the best! (Blair=Baloney)
@WL .. LOL / baloney .. full marks !
@ItalicBold …” your avatar would make a good LSD tab”
I’m sure Max would love that … his name plastered all over the drug market !
Otherwise ..good idea !
PREVIEW-Romanian govt faces collapse, markets eye IMF aid
http://www.reuters.com/article/marketsNews/idUSL961710420091012
I’m getting a visitor next week from Romania ( a Brit ).
He was just telling me how cheap it is to live there !
;-(
@Frances,.RE: American Empire,..
Folk still hold onto this “nationalistic”
fervor,….bit like people who say the sun
rises in the east,..old paradigms die hard
maybe
Same with the financials,…blah blah,….hard to let gooooooo
@y’all
There was an american jock,
Who was addicted to using CAPS LOCK,
He’d post ‘GET OUR TROOPS OUT’
we’d all say “don’t shout”
and for friks sake stay off the Pot.
@Dedo:
I think it’s all about hypocrisy and greed, Dedo. Rhetoric is usually the whitewash.
There once was a Geek
Super duper
Who wrote till we fell
In a stupor
When the links make our day
Oftimes mumbled with clay
Our response is a rousing HURRAH!
In a fort called Knox, you see
Held the worlds wealth for a fee
She said where’s the gold
To have and to hold
He said right here, below me
Lose 72% in 18 months and make the cover of Barron’s… Is this a great country or what? It’s Miller Time, says Barron’s. Huh? http://tinyurl.com/yfelrbf
@ Stacy > DSB bank
Saver withdrew 600 million in last 1 1/2 week
According to Prez Central bank this was 1/6th of total deposits
Total deposits must than have been on total 3,6 billion
DSB Bank from today under curatorship.
Owner Scheringa furious because he claims his bank has been foul mouthed and Treasure Dept leaked confidential info to the press.
Maximum withdrawal for customer per day from today€ 250.
(Although one can withdraw unlimited amounts @ Holland Casino in Schevenigen)
Drama: Parliamentarians shout: Investigate!
Government guarantee € 100.000 pp (or perhaps per account, not sure)
Still an amount of € 110 million will disappear into the proverbial black hole. This is over and above the guaranteed € 100.000
But, the € 110 million belongs to suckers: they had 1 1/2 week to withdraw their money but were apparently fast asleep.
I am depressed by the big news this morning that talentless wannabe man-chaser Carli Simon, heiress and screecher is going belly up in the business world and has her New York apartment up for sale and not making ready payments on her Martha Vineyard spider’s lair. She sung at best like a frog undergoing a sex change operation, has a mouth as wide as the Potomac in flood season and is a very good argument for never allowing your daughter to be Bas Mitzvahed. I would recommend she sink everything she has left into a chain of sex toy stores where she can feel most comfortable and familiar.
Run on DSB bank makes Dutch central bank to take control: The Dutch government has intervened in another bank… http://bit.ly/1m2WDi
Compute This: World’s Oldest Working Computer On Display http://tinyurl.com/yjj695d
@buddhabob, http://www.youtube.com/watch?v=040DaJmnpQE
@stacy
re Jim Rogers dump gold
Actually, “Jim Rogers, the contrarian investor and author, says gold will hit $2,000 in the next five to 10 years.”
http://www.thestreet.com/story/10610236/1/jim-rogers-how-to-play-2000-gold.html
see 2min video
http://news.google.ca/news/search?pz=1&cf=all&ned=us&hl=en&q=jim+rogers+gold
@Troy Ounce
You must be quite a sucker too, calling other people suckers that easily. People that had money in a (term) deposit locked their money for a specific period and must not have been able to move it even if the had wanted to.
Raw Herring, eaten in Holland
http://oddee.com/item_96534.aspx
It’s delicious nam,nam!
http://www.john-f-kennedy.net/thefederalreserve.htm
http://www.youtube.com/watch?v=DXibqupia4E hari ohm from larry.
Smart to make the smartest people serfs..
http://business.theatlantic.com/2009/10/student_loans_and_payback_time.php
@Supergeek:
Ahem. I meant to say that your posts make my day, but Snoots got in the way, so disregard the part about clay.
@MotherEarth:
The stupid part of living in America in the last seven years is that when the rollercoaster was going up lots of things made sense, so I wouldn’t judge too harshly young people who only meant to better themselves. College is way overpriced here like medical.
Unfortunately, even now the colleges are dishonest about what they offer students: totally unrealistic options and often classes that are outdated or redundant now.
Al Jazeera Iraqi cancer rates soar
http://english.aljazeera.net/news/middleeast/2009/10/20091012122745236765.html
yeah its a jibber jabber. Lets poke fun on someone lol…
“…In a decision as shocking as Friday’s surprise peace prize win, President Obama failed to win the Nobel Memorial Prize in Economic Sciences Monday…”
http://www.marketwatch.com/story/obama-fails-to-win-nobel-prize-in-economics-2009-10-12
ending with
“…It is unclear whether the president will now refuse his peace prize in protest against the obvious slight to his real achievements this year…”
@frances
4U here ya go…thanks!!!
http://www.youtube.com/watch?v=1dWM0zvXE2A
Fireworks – 1947.
Music – sufjan stevens
‘Wrapped in a blanket of red
The owl and the tanager sat
The owl and the tanager said
One waits until the hour is death’
Jbber Jab
Repost for those that missed it
http://bit.ly/3MGS6
Cos it never gets old, Inflation v Deflation (redux).
http://www.itulip.com/forums/showthread.php?p=127376#post127376
What happened to global warming?
A pre emptive cooling for what Obama might do…
http://news.bbc.co.uk/2/hi/science/nature/8299079.stm
Don’t read this. I’m just writing to prove to myself that I exist.
I don’t understand what the world sees in the Canadian currency. I’ve made myself familiar with our resource economy and it’s over-valued in the minds of traders. They seem to think we all hunt, fish and live in log cabins or igloos when we’re not prospecting for gold or chopping down big trees. Or at least they’re not considering the actual costs involved in the resource sector of our economy through to actually accessing markets in the current and likely future context.
It doesn’t matter that we can finance and develop a modern iron mine on the site of a large high quality resource, for example. The product has to actually find a buyer and be able to compete in price with other supplies AFTER shipping costs, tariffs, competing subsidies, etc. And who is supposed to buy our lumber now that the US has countless empty homes? Our energy basically belongs to foreign investors and the US government. There is a complex web of deceit crafted to convince Canadians that paying some of our least capable people high wages to help plunder these resources and our environment in the process, is a good thing. Tourism is one of our few truly sustainable industries and the higher dollar will all but kill that.
Then you’ve got the fascist government here racking up national debt on a Heroin War, bailing out the US, bailing out speculators and just plain bad lenders, and paying for the winter Olympics. Apparently somewhere between the steroid abusers sliding down slopes, and advertisements equating the empty honor of that with the merchandise of slavery and environmental plunder, a Chinese businessman will broker a deal with a pine beetle and it’ll all pay off.
Anyways, looks like our dollar is set to be one of the winners. It’s just funny that ideas about the sectors in which actual businesses are struggling or failing in my country are what’s making our dollar rise.
@Daniel S
Easy peasy
Actually, the Canadian dollar is just falling slower than the US dollar due to assets in the ground, the rest is smoke and mirrors. Check out Australia and Brazil
Al Gore does not like questions
Daring to Question Al Gore
http://www.youtube.com/watch?v=cf-fzVH6v_U
China Nurtures Futures Markets in Bid to Sway Commodity Prices
….But as early as next year, the Shanghai Futures Exchange may muscle in with its own contract in crude oil, possibly modeled on New York’s global benchmark, according to people familiar with the situation. That would, for the first time, give Chinese traders a direct role in valuing the commodity. “We are actively thinking about crude oil now,” says one of the people involved in the planning…..
http://online.wsj.com/article/SB125529874012778991.html?mod=WSJ_hpp_LEFTTopStories
2012 isn’t the end of the world, Mayans insist
Definitely not, the Mayan Indian elder insists. “I came back from England last year and, man, they had me fed up with this stuff.”
http://apnews.myway.com/article/20091011/D9B8P09O0.html
Re: cancer rates soar in Iraq: it’s called depleated Uranium. Depleated Uranium that was and is on all warheads, ammunition.
This is the evil of the military industrial complex of the US. Not only do we shoot people and kill them, but in the immediate future people get cancer. In the long term, hideous birth defects beyond imagination. That’s what the United States of America has done and is doing now.
Ask a politician about depleated uranium and the stare at you like you are a person from the purple planet of a distant solar system.
@WL – Uff da, I really dislike videos like that, what the video shows is an action taken by the moderators/arrangers of the event to stop annoying irritating persons that always wants a follow-up question, a second question and so on, dragging the time and preventing other to ask questions. The arrangers have a one question – next person – one question – next person rule and that guy couldn’t follow it. It has little to do with Al Gore not willing to answer his question.
Our Canadian dollar – the term ‘Loonie’ is slang – is largely viewed as an oil currency.
If it wasn’t, it would probably be about 0.60 USD.
Views on currency levels generally depend on which side of the importing/exporting coin your business is based.
(The howls are already up that our dollar is too high.)
There are still more people in California than all of Canada.
Must go now and prepare my beaver traps for the winter; they’re right outside my log cabin.
HAHA Here is one for MAX
Criminalizing everyone
http://www.washingtontimes.com/news/2009/oct/05/criminalizing-everyone/?feat=article_top10_read
“The six agents, wearing SWAT gear and carrying weapons, were with – get this- the U.S. Fish and Wildlife Service.
Kathy and George Norris lived under the specter of a covert government investigation for almost six months before the government unsealed a secret indictment and revealed why the Fish and Wildlife Service had treated their family home as if it were a training base for suspected terrorists. Orchids.
That’s right. Orchids.”
@teresa
HAPPY BIRTHDAY!
@Palantíri
I see the video as a media allegory. You must ask the right question or we shut you down. It is not merely a Gore thing. For years the media has tried to be cultural opinion shapers or as I would call it propagandists. Had that guy asked a question which Gore liked or fit his agenda, he would not be cutoff but encouraged. Set aside the subject matter this love fest occurs in all mainstream media.
I am getting high; I can feel the vibration in me
WL, my point being they’re just that, “assets in the ground”. Not assets that will be profitably brought to current or likely future markets.
LOL @ End the Fed rap:
http://www.huffingtonpost.com/2009/10/12/end-the-fed-rap-song-vide_n_317717.html
ahahahah! Snowy White and Apple http://tinyurl.com/yhqxfz3
@Daniel S
Assets in the ground are the real wealth against paper fiat. They are seen as an inflation hedge. The years of US dollar hegemony is ending and with that end, the true value of commodities will emerge. At least thats the theory. The assets don’t change value. the currency does. Those in ground assets essentially back the currency.
The Canadian Dollar has been falling against gold, just not as fast as the US dollar. As the CDN$ rises the Bank of Canada will not be able to raise rates as that would goose the currency even higher. Stay away from Canadian manufacturing, it will get ugly.
We are only comparing the CDN$ vs US$, you must compare all currencies independently vs gold. Then you can see that all fiats are falling, just some faster than others.
I guess that’s the end of that little award…
http://tinyurl.com/ygdwgfb
OP
Some people don’t get Peter Schiff http://www.youtube.com/watch?v=Lk4Um2ntTTY
@Max How’s the book going?
Sides have sharply different understanding of what it means to modify a mortgage
These banks must be making more money playing games with the paper than keeping people in their homes.
They should reset rates to fed funds, extend maturities, and take haircuts…..
“Weston attorney Kraig Weiss and his wife, Ana, are living what they call a “loan modification horror story.”
Earlier this year, the Weisses agreed to a loan modification with Bank of America, only to have the bank take the offer back. The Weisses sued. Now the bank is moving toward foreclosure, even though the Weisses are making mortgage payments.
http://tinyurl.com/yzul4q4
@WL:
“The years of US dollar hegemony is ending and with that end, the true value of commodities will emerge. At least thats the theory. The assets don’t change value. the currency does. Those in ground assets essentially back the currency.”
Huh? Think about it. If the dollar is the pricing tag for assets and commodities and the currency volatility is set to skyrocket with the dollar devaluation, how can there be a steady rise in assets? How do assets back a currency? Right now everyone’s wondering about the gold VALUE. I wouldn’t count on commodities as a safe hedge in the scenerio of dollar devaluation about to unfold.
The consideration of the meltdown in whatever the totals are on the derivatives priced in dollars has not even been considered. What happens to dollar pricing value when the derivative meltdown can not even be priced?
It’s not going to be tidy because the dollar is the reserve currency. The dollar is the pricing mechanism on face and also the value of the dollar is a currency in play with other currencies. Now add the baseline of the derivative meltdown and bank shutdowns…
Martial law.
@WL:
And what about the basel committee requirements for risk management: do you think these will drive prices and markets as well?
The old system is being dismantled: GEAB says we will know something about the new system coming forward next summer. In the meantime all indicators will most probably go haywire.
Why do you think Al Gore doesn’t answer questions? He is the representative of a new order of credit: carbon credit slather. All the journalist suck-ups know that the ‘in crowd’ are those that follow orders and see to it that there is no dissention.
We go along with the transition politely and then see all we own taken away or we don’t cooperate. Those are the two choices.
Having the premise and meaning of my writing ignored, I’m left with no response worth making except that you might re-read what I wrote. Or go wave back at someone whose tongue is stuck to monkey bars.
Assets in the ground don’t have value outside the viability of the business of actually extracting them and actually getting them to market. Re-read that, because apparently two readings weren’t enough. The Canadian dollar is being priced according to a model that is dead. We won’t be selling those assets via a workforce paid in a weak currency for a high value currency into a next door market. The economics of selling these assets to China from a workforce paid in a high value currency, won’t work. Tar sands oil isn’t enough.
As far as the whole gold is a currency thing. Yeah, I’ve read James Turk too. Has nothing to do with my post except that I didn’t drag down my writing with more belabored contingencies for those who don’t read to understand an author’s meaning. I knew it would happen when I didn’t say “versus other fiat currencies”. (sigh)
@Frances …..don’t be the frog!
On the other hand, gold — which has been in an eight-year bull market but still receives far more derision than praise — has been money for literally thousands of years.
In fact, the green paper has lost 97% of its value compared with gold since President Richard Nixon closed “the gold window” in 1971. (He ended the promise that dollars could be exchanged for gold.) Yet people seem to be more terrified of owning gold than dollars.
http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/your-dollars-are-just-monopoly-money.aspx
So lots of yen ‘fastmoneys’ its way into Iceland boosting Iceland and stalling Japan’s recovery. Then it unwinds and the yen goes home. Iceland destroyed, Japan good. So shouldn’t the USA be happy to see the dollar be the new yen? Should Australians get ready to for their own Iceland yogurt (vegemite?) throwing party?
Since gold is limited and persons can be printed out of thin air (both real and virtual persons), why would gold be a good currency? Eventually there would be more empty wallets than gold coins. A currency would need to grow and shrink with population me thinks.
@Chenjeshu or prices could get cheaper!
‘ I don’t know if I can explain that as well as one of my favorite free-market commentators, Doug Casey. He famously cites Aristotle in terms of describing why gold is well suited to money and why it has always been well suited to money. It has value in and of itself, it is divisible, and it is durable. There are a lot of reasons why gold and silver are well suited. Importantly for me it’s an asset that isn’t simultaneously someone else’s liability. A dollar bill conveys upon me the right to draw, at least on faith, but it is someone else’s liability. If you have an ounce of gold, nobody owes you anything, you have it; it’s physically there. And it can’t be debased. Those are all very important reasons.
But maybe, more importantly, gold and silver act as money because they ARE money. Over time, in civilizations that were varied both by geography and by time, gold and silver have functioned as money, on every continent – and they continue to do so to this very day. We are probably at a place in time, at least in modern history, where we have the least amount of market share by way of gold and silver as currency. But my suspicion is that will change. I think people will be tired of being short-changed by the collective. Maybe not in five years, maybe not in ten years, but I don’t see people accepting as medium of exchange a bank note over time, considering it’s an asset that’s simultaneously somebody else’s liability. I am less comfortable accepting them.
http://www.thedailybell.com/551/Rick-Rule-precious-metals-contrarian-investing.html
@Dante:
Maybe I’m the toad with the coin in my mouth.
Cause it’ll take a fairy tale to get out of this one with gold intact value.
@Daniel S
Canada has been extracting and profitably selling her natural resources since the 1600s.
We have since become an ‘industrialized nation’, but resources remain a core component of our economy.
(Visit Alberta, for example.)
Without them, we certainly would not have the standard of living we enjoy.
Many countries would kill – figuratively I hope – to get their hands on them.
Beyond oil&gas, iron ore, copper, nickel, zinc etc form the raw materials needed to make things.
There is the little problem that someday these will run out.
There is also the little problem that, in many ways, we are essentially the 51st state of the USA – like it or not.
(It could be worse.)
I don’t understand the point you are trying to make.
If it is that our currency appears overvalued (in USD), well that is what huge forex markets have determined, for now.
Like anything, its value is simply what someone is actually prepared to pay, vs some theoretical amount.
(The value of my used car is precisely what someone is willing to pay me, not what I think it is worth.)
It will be small consolation if the CAD remains close to par with the USD if the USD goes down the drain.
@Chenjeshu .. enough Gold for coinage ?
Absolutely no problem !
Just look back to the old British Gold days when we had the following coins :
1 Golden Guinea = 1 Pound + 1 Shilling
1 Silver Crown = 5 Shillings
12 Copper Pence = 1 Shilling
etc. etc.
Important is that the highest coin in the hierarchy is a precious metal like Gold in this case.
All the other coins are subordinates of the Golden Guinea, and the “no of parts” are stipulated by the Govt.
The USA could introduce new coinage as above, whereby :
1 oz. Golden Coin = 1000$
1 Silver Coin = say 50$
etc. etc.
Of course , the US Govt. would hate such a system as their Digital Derivatives couldn’t be sold, because they’d be seen for what they are – just paper !
PS@Chenjeshu .. enough Gold for coinage ?
Slight correction due to the amount of Debt money that the Banksters have released in to world :
The USA could introduce new coinage as above, whereby :
1 oz. Golden Coin = 5000$
1 Silver Coin = say 250$
etc. etc.
All over the news in the US they are finally officially announcing an end to the recession…
@Joe … ” All over the news in the US they are finally officially announcing an end to the recession…”
Uh Oh … that means devaluation tomorrow already !
Hey Phil
Fancy taking this girl out?
http://www.youtube.com/watch?v=6bpNnxOzTQ8&feature=related
Mike
@Mike/Liverpool …”Fancy taking this girl out?”
40 years ago maybe !
Raw deer meat. It’s delicious nam, nam!
http://englishrussia.com/?p=2409
Incredible. The authorities rejected my proposal. Nuff said. 1984 all over again. Nugg saiff.
http://www.reuters.com/article/topNews/idUSTRE59B33T20091012 Reuters US recession over
Larry summers: Obamas policies adverted financial abyss http://www.reuters.com/article/newsOne/idUSTRE59B1DO20091012
yea, thats right, the recession is over. on all the channels they are saying it….we are worrying to much…. sell all your gold and silver. invest in the dollar. youll be fine, dont worry. pg
Jim Rogers (no, he is not anti-gold)
Good Commodities/Reality Update
http://finance.yahoo.com/tech-ticker/article/352006/Commodities-Cycle-Won%2527t-Be-Over-for-Years-and-Food-Crisis-Looms-Rogers-Says?tickers=rji,rjz,gld,moo,xli,rja,rjn
@#2
Was she asking to….nevermind.
No Compute!!!
“What a man will go for when the hornies, set in.”
http://www.youtube.com/watch?v=xpb3bak32QI
@Mike/liverpool,………fk sake Mike,….put a warnin’ on dem sort of links,……I’ve just come out of a state of somnambulism,…and burnt my pizza,…grrrrr
I’m smarter than Stacy and Max combined, ( I’ve got an I.Q. of 236) but I could’nt come up with so much great ideas, cuz my intellect is of feminine nature and needs to be inseminated with their spiritual semon. Nuff said.
@Chinese,…..Play this one to test your spacial awareness,….tis fun,..
http://woodgears.ca/eyeball/
tell us what your score is,..
My spatial awereness sucks. It is my special personality that gives me my special I.Q. I’m a very very special person. Nuff said.
@Chinese,…….Me to,…..I know cause my mum told me,…..she sent me to a special school, for thpecial people,..: )
@Daniel S
“opportunity exists between perception and reality”
That the economic model breaks down with a rising export currency is irrelevant
Look at the historical relationship and the events…. chart “green line”. all time low Jan 2002 at 0.6179, all time high 1862 at 2.78. So, below parity is a recent phenomena, mid 1970′s.
http://docs.google.com/gview?a=v&q=cache:HwLLUiDRi2MJ:www.bank-banque-canada.ca/en/dollar_book/appendixc.pdf+canadian+dollar+historical+chart&hl=en&gl=ca&sig=AFQjCNGvDDCseRFeF1prK_nd5zJwGaUJjA
@frances
It was actually the environmental press that shut off the mike but I agree that carbon credits are a new fraudulent fiat currency scheme.
Also, it was the strong dollar that enabled the US to plunder the worlds resources for cheap and support an excess lifestyle, now as the dollar devalues the true value discovery will emerge. The US dollar has been far overvalued, holding back the growth of the world re Triffins Dilemma. If you price all assets in gold terms then the picture is clearer. This is why they attempt to suppress the gold price since it is the real value setting mechanism. There will be volatility, civil unrest, perhaps war. That is out of my control, all I try to do is protect my wealth and scratch out a living. Everything else is BS. Sure they will try to keep the ponzi scheme going by kicking it upstairs but the plan has to be debt reduction via monetary inflation and that means higher commodity and asset prices, though not all.
My investing philosophy is that when confronted by a man eating grizzly, I don’t have to outrun the bear, it is impossible, I only need to outrun you.
Off to Bed
See you tomorrow Gang
Mike
@Chenjeshu
“So lots of yen ‘fastmoneys’ its way into Iceland boosting Iceland and stalling Japan’s recovery. Then it unwinds and the yen goes home. Iceland destroyed, Japan good. So shouldn’t the USA be happy to see the dollar be the new yen?”
Not the same situation. The US is not an exporter as Japan is and as a global reserve, that means higher commodity prices globally.
Just wanna say, I’m more special than u. Any of u. Much more speciel and refined and inteligent. My mom told me so to. Sent me to school with the best of them. Gave me an Iq of 236 when I was 5 years, Unfortunately my Iq has in the recent years declined. Yet it feels like bombs in my mouth when I eat sausage,
Russia and China eye $5.5bn deals
The countries hope to expand the amount of business they do in their own currencies, rather than the US dollar. However, currently only about 1% of their dealings involve roubles or yuan.
http://news.bbc.co.uk/2/hi/business/8302016.stm
@y’all
I’m not special
Menace – I’m Civilised
http://www.youtube.com/watch?v=FhzHZgBPPlc
“there are plenty of bemused security guards at Goldman Sachs as Mr [Michael] Moore tries to enter their building to perform a citizen’s arrest on their chairman before wrapping their building in yellow “crime scene” tape.”
“According to Mr Moore, this bail-out was a “financial coup d’état”, for what other reason could there possibly be for the government to act to stop the entire banking system from collapsing? This was, he says, the final robbery of the American people by capitalists who had spent the previous 30 years deregulating finance in order to rip people off in every possible way.”
http://www.economist.com/businessfinance/displaystory.cfm?story_id=14582514
Did u know that Mr. Henry Kissinger is a frequent guest here at this page?
@Dante
And slowly the US moves from price maker to price taker…
Bye Bye US Dollar sleep well
Excerpt from latest installment by Van R. Hoisington and Lacy H. Hunt, Ph.D.:
Dollar Weakness
The inflation outlook from the monetary and fiscal standpoint looks truly deflationary, yet some believe that dollar weakness will reverse this circumstance and create inflation. This is unlikely. First, our imports are about 13% of GDP, and even if the dollar were to halve in value, the price of imported goods would not only have to compete with U.S. producers, but also their price adjustment would have to offset the other 87% of factors included in the pricing indices. Second, unlike the 1930′s a 50% decline in the dollar would be difficult to engineer. Fisher recommended to Roosevelt that the U.S. should exit the gold standard, which he did in April of 1933. That was a fixed exchange rate system, and within three months the dollar lost more than 30% against the gold block countries and fell to 60% of its former value within the next five months. This spurred our exports and provided some price inflation (2.9% per year, GDP deflator) for the next four years. Then, in 1937 the tax increases (the next policy mistake) reversed the positive growth rate of the economy and drove price levels and economic activity downward again. However, even with that small period of price increases the overall price level never recovered from the 25% decline that occurred from 1929 to 1933, and thus deflation reigned. Today the declining dollar is a good thing in terms of our trade balance, but the modest change will be insufficient to offset the negative forces of insufficient domestic demand.
Collapse of Shipping – Rotterdam Freight Port – Backlog of Ships Oct 2009 http://www.youtube.com/watch?v=rutfPRhqaV0
Yet….. Adrian Ash says,”
Hyperinflation always happens in underperforming economies such as Argentina, Weimer Germany, Zimbabwe etc. After a credit binge like the US as experienced the demand for goods and services is less than the economy’s capacity to produce them because there is a debt burden that slows down consumption as credit is tight. But this also slashes government tax revenues. The government responds, not by cutting expenditure, but by increasing it. The government tries to replace its normal revenues with borrowed money. But the marketability of the debt of a heavily indebted government embarking on a “borrow and spend binge back to prosperity” grows increasingly shaky. The government quickly becomes the only purchaser of its own debt (Quantitative Easing and “extraordinarily accommodative monetary policy”). The currency debasement that ensues creates a flood of paper money that chases fewer and fewer goods and services driving the nominal prices through the roof. As the currency loses purchasing power fewer and fewer producers want to produce anything in return for depreciating paper. Therefore, the supply of goods and services decreases as the supply of fiat paper increases, further driving up prices. As prices rise the people never have enough money to pay the rising prices so they demand higher wages and more money and suppliers demand higher and higher prices. The perversity of hyperinflation is that despite the excessive supply of fiat currency the general diagnosis is that there is not enough money so the government’s cranking up of the printing presses is greeted with cheerleading!
Once the runaway freight train of hyperinflation leaves the station nothing can stop it until it crashes through the terminus at the end of the track.
@Chenjeshu Currency should be a proxy of the total amount of resources available on earth. If a population expands and the supply of money has not then it means more resources needs to be extracted. Hence you dig for more gold. If the population contracts and the money supply remains constant, it means there are more resources for everyone else hence more wealth. You don’t want to be able to expand money supply at will, if you do that it creates a distortion as to the amount of resouces available in the economy. Money should first and foremost be a widely traded commodity. Gold fits in. But in the 21st century other commodities could possibly be money.
@JK
“Many countries would kill – figuratively I hope – to get their hands on them.”
Why else do we Stand on Guard?
Otherwise, can you think of a reason for us all to not slip on Archie Belaney’s moccasins?
An argument by Bob Hoye is that there can never be hyperinflation in the US due to the bond vigilantes. They will keep the Fed in check through the bond market.
He forgets that the US bond market is somewhat rigged by the Fed and foreign central banks. As soon as confidence goes, it will implode fast. As long as they can create phantom bidders it will hold up. The massive run up in the US$ last year was orchestrated by the Fed using foreign bank swap agreements. Not a flight to quality BS.
@ Youri
Chart of Baltic Dry Index: http://tinyurl.com/yhk74nw
Baltic Dry Index Milestones:
June 2008: 11,612
November 2008: 663
June 2009: 4,070
September 2009: 2,183
currently: 2,696
Uh oh! Bad chart.
@ WL
He forgets that the US bond market is somewhat rigged by the Fed and foreign central banks. As soon as confidence goes, it will implode fast. As long as they can create phantom bidders it will hold up. The massive run up in the US$ last year was orchestrated by the Fed using foreign bank swap agreements. Not a flight to quality BS.
Even if we assume the Fed has some control over manipulating the yield curve, it would mainly be the short end. Bob Hoye’s argument is that a loss in confidence in the longer e.g. 30 year bond, will force the Fed to change its behaviour. Karl Denninger has also pointed out this dynamic, focussing on the effect rising 10 year bonds on mortgage rates etc. (Cf. double dip recession). In order to get hyperinflation (opposed to mere inflation scares), one would need to destroy the bond market first, but the implication of doing so implies an implosion of debt in the private sector, i.e. deflation. (?)
The FED ≠ Deus Ex Machina
There’s a new lotto here called Lotto Max that will add draws called Max Millions when the pool gets large enough.
http://www.wclc.com/
I think I’ll sink my life’s savings into it when the jackpot is above 77 million. Screw this research, bet, wait, research, bet, wait, crap for 45% in 12 months, followed by leaving my money to fallow in bullion for 5% in 6 months. At that rate I’d still be living here when the US sells us to China.
@ Photoception
http://tinyurl.com/yjnzfaz
@Hawk of Terror
No I mean that chart is bad for the bulls. The first link works fine.
BDI should be rising if the rally is not BS.
Yep, bad for the bulls!
This rally is just a case of: 50% down, 50% up = net 25% short. As long as Wile E. Coyote doesn’t look down, things should be back to normal soon enough . . .
Quarterly Review and Outlook – Third Quarter 2009
Ponzi Finance
By Van R. Hoisington and Lacy H. Hunt, Ph.D.
http://www.safehaven.com/showarticle.cfm?id=14719&pv=1
link to web-bots latest on Journey with Rebecca:
http://www.godlikeproductions.com/forum1/message898102/pg1
@buddhabob
Oct 12, 2009 at 10:40 am
I am depressed by the big news this morning that talentless wannabe man-chaser Carli Simon, heiress and screecher is going belly up in the business world and has her New York apartment up for sale and not making ready payments on her Martha Vineyard spider’s lair. She sung at best like a frog undergoing a sex change operation, has a mouth as wide as the Potomac in flood season and is a very good argument for never allowing your daughter to be Bas Mitzvahed. I would recommend she sink everything she has left into a chain of sex toy stores where she can feel most comfortable and familiar.
…….most excellent…..you write like hunter thompson hungover
Cubs file for bankruptcy protection
http://www.cbc.ca/money/story/2009/10/12/sp-cubs-bankruptcy.html
The owner of Major League Baseball’s Chicago Cubs is seeking bankruptcy protection, it was announced on Monday.
The parent company, Tribune Co., said in Delaware that it is seeking Chapter 11 haven in a move that would allow transfer of the team to new ownership.
Tribune Co. is looking to put the finishing touches on an $845-million sale of the team, Wrigley Field and other related properties to the family of billionaire Joe Ricketts.
Tribune Co., which also owns the Los Angeles Times and the Chicago Tribune, filed for bankruptcy protection in December last year, but the Cubs were not part of that deal.
It is expected the Cubs’ stay in Chapter 11 would be brief and would protect the team’s new owners from potential claims from Tribune creditors.
Tribune bought the Cubs in 1981 for $20.5 million and announced plans to sell the franchise in 2007, but those plans were muddied by the recession and the global collapse of credit markets.
The company agreed to sell a 95 per cent stake to the Ricketts family while Tribune planned to keep the remaining five per cent.
The bankruptcy filing by the Cubs is not the first for a Major League Baseball team. The Baltimore Orioles were sold in a bankruptcy auction in 1993, and the same happened to the Seattle Pilots in 1969. The new owners of that franchise relocated to Milwaukee and changed the team’s moniker to the Brewers.
The National Hockey League’s Phoenix Coyotes filed for bankruptcy last May.
@frances
did you catch this,
Why Did U.S. SDR Holdings Increase Five Fold In The Last Week Of August?
http://www.zerohedge.com/article/why-did-us-sdr-holdings-increase-five-fold-last-week-august
@Macy or anyone who wants to take on this question
What’s the difference between Milton Friedmans and Ron Paul’s explanations of free market capitalism?
They both allocate that government stay out of health care don’t they….
@Hawk of Terror
I just can’t get past any analysis based on US GDP. It is completely corrupt data.
Thanks, WL!
Another move towards a UK police state — the Guardian is gagged.
“The only fact the Guardian can report is that the case involves the London solicitors Carter-Ruck, who specialise in suing the media for clients, who include individuals or global corporations.”
http://www.guardian.co.uk/media/2009/oct/12/guardian-gagged-from-reporting-parliament
This is crazy Corruption hedge Funds and Russian government
Russians gripped by YouTube video claims of government role in hedge fund scam
• Hedge fund video watched by over 12,000 Russians
• Hermitage boss hopes interest will help expose scam
http://www.guardian.co.uk/business/2009/oct/12/russians-grippped-by-youtube-video
Bussy reading these most extraordinary abduction stories:
http://www.ufocasebook.com/aliencontactcases.html
Principles in both stories regarding Guardian and Hermitage refered to their situations as Kafkaesque. Maybe we should do a Kafka film festival in celebration of all the world’s wonderful governments.
Quarterly Review and Outlook – Third Quarter 2009 Ponzi Finance http://tinyurl.com/yfvsbnr
A THIRD unwanted US military base is in the process of being built in the small city of Vicenza, Italy despite the fact that 99% of the Italian citizens have voted numerous times against the contruction of the base and have been actively trying to keep the base from being built for approximately 5 years.
http://www.nodalmolin.it/spip.php?rubrique9
The inflation outlook from the monetary and fiscal standpoint looks truly deflationary, yet some believe that dollar weakness will reverse this circumstance and create inflation. This is unlikely. First, our imports are about 13% of GDP, and even if the dollar were to halve in value, the price of imported goods would not only have to compete with U.S. producers, but also their price adjustment would have to offset the other 87% of factors included in the pricing indices. Second, unlike the 1930′s a 50% decline in the dollar would be difficult to engineer.
The Speculative Bubble in Equities and the Case for Deflation, Stagflation and Implosion http://tinyurl.com/ygoej9l
What is the Lisbon Treaty, and why does it matter?
http://joshfulton.blogspot.com/2009/10/what-is-lisbon-treaty-and-why-does-it.html
Find out!
Please.
Stevie Nicks
I still miss Someone
1989
Album the other side of mirror
BOY I”D LIKE TO FUC@ HERE
Stevie Nicks
IS THE MOST HOTEST WOMEN EVER I THINK SO
IF IM LYING ASK YOURSELF WOULD YOU FUC# HERE SURE YOU WOULD YOUD BE ASSHOLE NOT TO
HEAR IS A WOMAN NOT HERE SORRY I LOVE HEAR
@ WL
I just can’t get past any analysis based on US GDP. It is completely corrupt data.
Maybe so. Not to underestimate the level of corruption endemic in US politics today, I don’t think policy makers have as much control over events as they would like to think. Back in July 2008 they were patting each other on the back for having solved the Bear Stearns fallout as we were heading straight for a classic 1929 crash. And if we count the second capitulation into March 2009, the collapse was worse than the 1929 crash! Nothing moves in a straight line and so far we have had an impressive bear market rally that has exceeded the 1930 bear market rally. But, looking at the big picture, pretty much everything apart from gold, is still well below 2008 levels! The only thing the Fed has managed to do is increase the volatility and amplitude of price swings.
Scientists identify bacterium that helps in formation of gold http://tinyurl.com/yzqfxqz
@mike
she had her day for sure… I remember one of her videos where she looked realy amazing… she had on a kinda princess leia outfit with a wind machine blowing away…which sums up every vid she made..probably still doing it!!!
@Hawk of Terror
Yes, there are no fundamentals behind the rally. Everyone I know has shorted the market, only to get taken out. It screams short opportunity, yet works higher. My take is that it is a “future” inflation “expectation” trade, if the Fed is successful they will create inflation, if the Fed fails, there will be deflation and economic systemic collapse. Seems the current bet is with the FED succeeding. I have never seen such a diversity of opinions by very smart people.
@youri @phil
Fleetwood Mac – Hypnotized
http://www.youtube.com/watch?v=8ZeTlMpnfHk
HEY JOE I HEARD I YOU SHOT YOUR WOMAN DOWN YESSSSSSSS I DID I SHOT MY WOMAN DOWN
Stevie Nicks
i JUST LOVE THIS WOMEN
@frances snoot
TnX for the Webbot, realy getting hooked on this stuff. Although Cliff is talking about horrible stuff sometimes his voice is very comforting.
@ WL
Too true. Very confusing times. But don’t forget, correlation ≠ causation. Thanks to our human reason we cannot help but look for causes, but why should there be a cause at all? . . .
but why should there be a cause at all?
i.e., it is necessary to think in terms of causality, but what we think is the cause of something is not necessarily the driver of change. Or something?
@mike
don’t hold back, tell us how you really feel!!!
@Youri
Wow! Great story about “real” gold bugs!
(My B.S. was in microbiology so I really dug it!)
Lets change the subject somebody is jerking off
MAYBE YOU SHOULD STAY AWAY FROM ME
I only jerk off 2 times a week
Just kidding I dont jerk off I’m to old for that shit
@mike
I went with a girl long time ago…when I was about twenty she looked just like stevie nicks …but better looking… anyway mike…don’t be like that you know I don’t give a shit and summin else I’ll use your name …so you know I aint jerkin off???
@marietta
I always thought gold could not be touched – non corrosive. So I realy have to soak this story to my brain to get the drift. But i think is more chemical biological.
@mike
My mother caught me http://tinyurl.com/yzznpg3
http://www.youtube.com/watch?v=8Xaj3ZY-L6k a report from ol ‘ cess our reporter on the ground in netherlands, cees gives us the latest on developments with DSB Bank debacle with his usual in your face reporting style .really , just where have msm been ? cheers cees !
Stevie Nicks
the other side of the mirror
I STILL MISS SOMEONE (BLUE EYES)
@ES
That base in Vicenza Italy is for the expansion of AFRICOM.
Article talking about JP Morgan Chase Failed contract on London Metal Exhange…..
http://www.financialsense.com/fsu/editorials/kirby/2009/1009.html
China’s gold investors undeterred by high prices http://tinyurl.com/yk24au5
Plummeting Dollars Cartoons..haha! http://bit.ly/2I72yI
Russia plots return to Venus http://tinyurl.com/ylo8g8q
http://www.youtube.com/watch?v=F5axlwCBXC8&feature=related
Be prepared for that silver price drop!
Shit flying towards the fan now that denial of further credit contraction is total in MSM..
HIOOO SILVER!
Bullion export restricions in the US http://www.youtube.com/watch?v=DY-iHBTN7IU
@ M
OK, OK, not so nice of me to call DSB clients suckers, but I am thinking hard how one would call people who deposit their savings over and above the government guaranteed amount for a prolonged time with a widely known questionable financial institution in return for a bit more interest.
supergeek, thanks, havent heard bob welch in many years. pg
@TroyOunce
Well, should those people have deposited almost a year ago they could have been “tricked” by former minister of finance Zalm who, while being in the board of directors of DSB, stated it to be a “one of the healthiest banks in the Netherlands”.
Apart from that I second your comment to a certain extend: quite a few people depositing money at DSB might not have been all to well informed. We should however not forget that this is part of the moral hazard: CBs and politics stating over and over again that everything is safe is not a very accurate message compared to actual market status.
@Youri:
Rebecca sounds like she’s dragging on a cigarette whilst she speaks: quite a cackler. Like an old hen swaggering around with the roosters. Bwahahahaha.
You’re right. It is strangely comforting how Cliff tells us huge waves will wash what is left of our country after the nukes and the nasties.
Youri:
The plummeting dollar cartoons are SO funny!
@Mongo:
The Webbots predict a rise in silver! (FWIW)