Stacy Summary: We know the long term trend. But, for today, why not make some very short term guesses. Is gold going to break $1100 today? Or will profit taking start in earnest just below that? Gold hits new record above $1100.
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ref. max keiser & Get 6 mo’s free storage
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Rick Ackerman-
- King World News
- Mish
- Karl Denninger – Market Ticker
- Michael Hudson
- ZeroHedge
- The Big Picture
crash banksters – Buy Silver & gold
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Most recent: 
Year 9 into gold move..at least 5-9 years left in cycle.
Pierre Lassonde is one of the living legends of the mining and resource world with over 35 years of experience. His accomplishments are simply too many to list, but one example is Pierre co-founded Franco-Nevada Mining Corporation with Seymour Schulich in 1982 and over a 20 year period, provided shareholders with a 36% annualized rate of return. He was able to build up and successfully merge Franco Nevada into Newmont Mining in what was essentially a depression in the mining sector. It was the worst of times, but somehow in the midst of those horrific industry conditions Pierre and everyone associated with him thrived and quite frankly made fortunes. Pierre then became President of Newmont Mining Corporation from 2002 to 2006. Another area where Pierre is becoming legendary is in the area of philanthropy and that is a tremendous passion for him at this point in his life. In this interview Pierre discusses the gold bull market, the Indian Central Bank purchase of gold, competitive currency devaluations, the Dow/Gold Ratio, the undervaluation of mining shares, junior mining shares, the oil market, future consolidation in the mining sector and more.
http://tinyurl.com/yzfvqts
Delaware beats Switzerland as most secretive financial center
http://joshfulton.blogspot.com/2009/11/delaware-beats-switzerland-as-most.html
The USD and US Sovereign Bonds (as well as bonds of its sub-sovereign units) cannot be trusted.
The Eurozone and Pound Zone have debt that is astronomical.
Their governmental bonds are equally at risk vs the USA’s.
Even the CHF Zone has debt problems that make the CHF questionable.
In this context Gold should be at 4096 USD / oz now, or 4000 EUR (as USD = ~EUR is to be expected).
You are overreacting to a statistically unimportant change in the USD to Gold relationship.
E-Cigs are incredible…
Fuck Tobacco and Death-Taxes…
I’m vaping Nicotine and my lungs are singing the praise of the Chinese dealers (Health Canada said NO to the legalization of commercial imports/production of this technology, probably becuz the CRA can’t figure out how to tax people on it!!! )
http://www.healthcabin.net
my favourite Chinese supplier…
apparently these devices are legal in Switzerland, but from my understanding Americans can import these devices (and JUICE) with less hassle than ME (in Canada)
So to all you Nicotine addicts, do yourself a favour and get on the E-CIG…. FUCK PHILLIP MORRIS et al. (Which Max apparently got BURNED on during his Option trading days)
Hey Max, tell us more about that episode of your life…
it MUST be educational!!!
What happened? You had a bunch of PUTS and no one to dump them on or what? No wait… is that CALLS???
I’m still confused about the OPTIONS game (i’m too poor for a margin account and too apathetic to edjumicate me-self)
Hi, according to my weekly analogous chart, the gold price will have reached its peak this very week, as the previous move in gold in numbers of weeks since the turning point was exactly 12.
Bear in mind that gold is the last one to dance at the party, so short term if there’s a sell off to occur, then gold will mark the last dance. Some large cap miners have already dipped a fair bit, so we could expect sideways movement for the next six weeks in gold.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&b=5&g=0&id=p36402577057&a=156853006&listNum=2&listNum=2
http://www.ediblecommunities.com/capecod/fall-2009/make-your-own-hill-billy-wine.htm
MA! You done seen Steller?
Shucks, no, Pa. What ya sayin?
She left a traipsin bout two-hour’n back. Don’t ya see her nexta Billie-Bobs?
She was a-readin some poeetry when I saw her, sittin next to the squash patch, a dreamin’ and a talkin’ like she’z done and found her true love.
LORDY! I told-ya not to send her to college! I been a-waitin’ for them dandeelions, and she’z gone a-lookin for her true love in the cow pies!
Shoot, Pa. If its dandeelions you’z a wantin, I got two bucket set-out-to-back fur makin some wine. Let Steller wander yet. Maybee she sees things a might dandy odd, but Grannie was somethin the same.
But, Ma. She’z a talkin like she’z a hearin voices. Said so bout grapes or somesuch.
Ne-ery mind. Let’s set to makin some of that wine!!! Yeehaw!
@Frances,..where do I get me some of does dandeelion grape flowers ?
@Mr. Supergeek:
Very cool. dude. Like, I think so.
GOOD LORDY! AIN’T I TOLD YA, STELLA! THEY AIN’T A GRAPES: THEY’S FLOWERS!!!
Pa, But I keep a’hearin…
Steller, if’n you’d get yur noze outa them books, you’d could see infront-of-em feet’n yours. Now get back outza back and bring me them DANDEELIONS!
Good, Lordy. Pa, ya don’t need to yell. I reckon I can tell a dandeelion from a grape. Just got a might confused, that’s all.
Re: the Fort Hood tragedy, Infowars asks a very important question: was Major Hasan on psychotropics?
http://www.infowars.com/was-fort-hood-killer-on-psychotropic-drugs/comment-page-1/#comment-1535469
There’s a database on violence linked to SSRI use that everybody should be aware of: http://ssristories.com/index.php
@Frances,….where do I get me some dandeelion grapes?
@Marietta:
Shoot-n-tarnation! What you doin, looksy like a foot-washin Baptist, Steller!
Pa! I was told to wash-my-feet fore I stomped them grapes.
I ain’ta gonna tell you again-st we ain’t got no grapes. Where’d you get such a ideedee?
Well, Pa, this here’n fancy lady done said I gotta wash me feet fore I stomp them grapes. Thought tell we’z us makin’ some wine!
Yes, Peanut, but we’z gonna make dandeelion wine like Grannie’s tonic. Ain’t nothin better for hard times! Alls ya gotta do is pick us a nice bucket of them dandeelions next-to pasture Billy-Bob’s.
Reckon thats all! Well, shoot, I’ll just take my feet out’n this here sink. Ain’t never washed em fore I went a-traipsin! Dandeelion wine on a Friday to boot!
@frances
LKJ???
http://www.youtube.com/watch?v=1-YIUbCDXgc
@d3do
gold…. jibber jabber???
@ frances
when you stomp your grapes do prefer to wash your feet before or after the stompin’?
@Super and Frances,..wow! golden hair,.huh,..I feel a bit like hmm ,.well watch
http://www.youtube.com/watch?v=x3DmtUJ3MWs&feature=related
@Supergeek!!!
Wow!
Goldenhair is so Friday!
@Marietta:
Good! Do you wonder about fuel prices?
I was daydreaming about my still fer the corn and dandelion wine….
http://www.blueberryskyfarm.com/images/dandelionwine.jpg
@marietta,..Grab some hot dogs,..you better be quick though,.cause I’m on a mission to corner the market!!
http://www.youtube.com/watch?v=-d3BaM3ywP8
@y’all
Syd Barrett – Golden Hair
http://www.youtube.com/watch?v=BVyJJMYhjB8
GOLDEN HAIR
Lean out of the window,
Goldenhair,
I hear you singing
A merry air.
My book was closed,
I read no more,
Watching the fire dance
On the floor.
I have left my book,
I have left my room,
For I heard you singing
Through the gloom.
Singing and singing
A merry air,
Lean out of the window,
Goldenhair.
James Joyce.
@frances
I’m also storing like a chipmunk at this point.
This a market commentary?? (Gross essay)
“To-morrow, and to-morrow, and to-morrow,
Creeps in this petty pace from day to day,
To the last syllable of recorded time;
And all our yesterdays have lighted fools
The way to dusty death. Out, out, brief candle!
Life’s but a walking shadow, a poor player,
That struts and frets his hour upon the stage,
And then is heard no more. It is a tale
Told by an idiot, full of sound and fury,
Signifying nothing.”
http://www.enotes.com/shakespeare-quotes/tomorrow-tomorrow-tomorrow
@frances
YAY… it’s friday and the loon flys!!!
http://www.youtube.com/watch?v=ql0iXrzzorA
@JustGetitRight:
His essay has that cryptic vaultlike quality to it: and the interview was really odd.
“Out out brief candle…”
Give me the shivers!
@frances Bill Gross has, like he has recently swallowed a loon.
That is priceless! lmao
The only immunity coming out of Swine flu vaccines will be the immunity granted to the pharmaceutical industry against any prosecution or civil action.
@scott
Oldest American artefact unearthed.
http://www.nature.com/news/2009/091105/full/news.2009.1058.html
@Marietta:
The first rule about survival is that there are no rules. So good luck to you! I hope all goes well for you and the finchies!!!
I’m accountin on bootleg moonshine to see me through!
http://eyugoslavia.com/featured/03/putin-eu-should-help-finance-gas-supplies-to-ukraine-2213023/
@frances
I don’t see buying gold/silver as a be all, end all strategy. I’m going to have some on hand to cover one of many possible outcomes. No one knows what is exactly going to happen
“Or maybe I’m just nuts and I’m heavily sedated on psychotropic drugs at some psych ward? I cant’ believe I’m even entertaining these thoughts”
Odd things happen. When the odd things happen one wonders. That’s not nuts.
I sortof correlate these pandemic scares with the seizure of assets by the criminals. Seems like they always rhyme. Right now there is Naftogas bond crisis: who get’s the kitty on that one?
If one’s criminal activities have to happen in the daytime then it is preferable to use a smokescreen.
The WHO/ martial law/ pandemic protocol is a way to assert the corporate over individual rights. Medical military.
It’s sad that so much energy is wasted in the rhetoric leading up to and following this little joists.
I admit… I made gold break 1100… oh.. no that was just a dream..
Seems that mass shootings in the US always trigger additional mass shootings:
http://www.huffingtonpost.com/2009/11/06/gateway-center-shooting-a_n_348566.html
But I guess we should all feel safe knowing that “guns don’t kill people”.
Carbon is a moot point with fusion on the way
https://lasers.llnl.gov/
Marc Faber interview today on bnn Canada
“Misstrr Brnakee, Hessa munni Printrrr”
pt 1
http://watch.bnn.ca/#clip232200
pt 2
http://watch.bnn.ca/#clip232273
@ frances
My zebra finches really enjoyed that loon call!
@Frances,..you played the wrong clip !!
http://www.youtube.com/watch?v=yYqS0_yoR60&feature=related
Sante fee-Pastuer (?) is only us manufacurer making injectable swine flu vaccine. They had poor yields but have magically increased production with a proprietary protocol that is very hush-hush(!!??). THis preparation does not have thimerosal to make it more appealing to US public.
http://www.cnbc.com/id/15840232?video=1321121093&play=1
So what are all your theories regarding what’s going on here? Has baxter released bioweapon in Ukraine and US government is trying to innoculate its own pop. against this US sponsored terrorism? That would explain manditory innoculations when there is no epidemic here. US pop. wont’ take the vaccine but feds cant’ admit to real reason for pusshing vaccination.
Or is this bioweapon going to be released in US too because it’s actually a plot by Luminati/Bilderberg/blahblah groups?
Or maybe I’m just nuts and I’m heavily sedated on psychotropic drugs at some psych ward? I cant’ believe I’m even entertaining these thoughts
Yes, Dedo.
And Marietta: be sure and listen for this signal: it could mean insider knowing (but of course they won’t tell)
http://www.youtube.com/watch?v=kiXjCifQn0w
@Frances,..maybe that’s what all the winking and nodding and funny handshakes is all about : )
You know, Dedo, that it really annoying. Those who know do not tell, those who tell do not know….
How do we know if they do know if they won’t tell? Maybe they’re faking.
Do they have that strange way of looking and speaking that Bill Gross has, like he has recently swallowed a loon.
@Dedo
LOL
@Frances,..What about those who have no money and are not clever? I won’t name names….
Those who know, do not tell
Those who tell, do not know
Lao Tse
@Dedo:
I get the notion that the whole schmeal is a way to crash and steal. Have the race cars crash into the podiums by acceleration of one system and a crash of another: and yes, secrecy and cunning encouraged.
What seems to be happening is consolidation.
@Dedo:
What about those who have no money and are not clever? I won’t name names….
Alex Jones deigns to offer information in a feeder system representative of other conservative news outlets. He is not right about ‘everything’ as the Mexicans have not overrun Texas as he predicted a few years back. He is also not dead although he claims this life was threatened by the government.
As far as the carbon exchange system: as MotherEarth put it, that seems to be the winning team. The ‘ones’ who own the dollar are moving to a form of slavery exchange for the right to expel carbon in all countries under G20 jurisdiction; which is pretty much everywhere. Interesting link:
http://www.gaapweb.com/news/2017-Carbon-trading-could-spark-another-financial-crisis-.html
@Frances,..BTW, have you read, The Tyranny of Words by Stuart Chase,..?
The rest are jumping on the band wagon,.and we all know where that is destined !
http://subrealism.blogspot.com/2009/11/strange-case-of-joseph-moshe.html
h1n1 cover-up??
@Frances,..the clever money is investing in “green” eg,..carbon exchange systems etc
Those who know, do not tell
Those who tell, do not know
Lao Tse
@frances
Uggh!
I don’t want to think Alex Jones is right about EVERYTHING, but what other conclusion is there?
@Phil:
What did you think of the Bill Gross essay linking zirp to asset reflation? Was he a good boy? Does he get three yips?
@phil
I’m giving it my best try.
But, I can’t convice my husband. He listens to our broker who is in fantasy land. I did convince him to at least meet with Mish Shedlock to get a different perspective. Hubby is pretty irritated with me because I won’t let go of this!
Where/when is Continental Con. meeting and what are they trying to accomplish? Links please! I live near Chi and perhaps it’s open to the public?
@richard
I agree that silver is still on the way up but if there is a temporary pull back i may wait to buy again. Here is at least on guy speculating just that:
http://www.youtube.com/user/stellaconcepts#p/u/0/rYArMji5ClI
I was just wondering what everyone else here was thinking to get some other perspetives.
@Marietta:
Have you seen this?
https://www.theice.com/publicdocs/circulars/06133%20attach.pdf
Interesting: the NYBoard of Trade introduced the dollar value index basket in 1973. The same people who controlled and owned the last currency exchange are now setting up the carbon credit exchange.
@Mother … Burgermeister / Swine Flu
VERY convincing speech.
Mentions all important aspects including back-up from the Paul-Ehrlich Institute .. the most respectable and serious institute in Germany ( Paul Honest !! ).
Good girl …. 3 cheers for her.
@marietta .. thanks … you just gave me some hope for the US !
@marietta: well how to put this delicately…I placed a buy @ $16.46( + $5.00 ) last September 2009 for physical delivery of the Lakota Free Bank AOCS round,,,,and @ that time I believed I had purchased at the top ( since silver went to $11.00 only 6 months prior )…since then the price has fluctuated above and below the spot price I purchased at …today it is $1.00 above…eventually I anticipate silver to reach another $4 or $5 above my purchase price…that being the case…I might as well have taken physical possession of gold had I more to invest; yet my take is that gold has become too political to attract my attention.I believe in the sound money Mises oriented thinking; I also am aware of the Continental Congress 2009 scheduled for this coming week near Chicago…
@ phil
US
http://www.telegraph.co.uk/news/newstopics/howaboutthat/6507969/Adolf-Hitler-was-a-German-football-coach-say-one-in-20-children.html
“…And one in six youngsters said they thought Auschwitz was a Second World War theme park while one in 20 said the Holocaust was a celebration at the end of the war…”
what the f***!!!? (jibber jabber stuff)
Jane Bürgermeister sounds more sane in german (Perhaps Stacy can understand it) http://www.youtube.com/watch?v=IhJt8WZPN4M
Fun fact: The German army refused to accept the baxter vaccine because it deemed it to toxic. Baxter made a new version without hte mercury and other dnagerous and illegal ajuvants (which trigger the immune system). Not only 13% of germans still want the vaccine.
http://www.n-tv.de/panorama/Bundeswehr-impft-anders-article543091.html
She thinks the special rights granted to the WHO during a real pandemic will lead to global governance, a plan hacked together by the Bilderberg group.
@marietta … just curious, are in the US or EU , or further away?
BTW… Swine Flu Audio … very long
http://articles.mercola.com/sites/articles/archive/2009/11/03/What-We-Have-Learned-About-the-Great-Swine-Flu-Pandemic.aspx
Someone here posted it .. very interesting and I agree .
..saying how the US Pharma & WHO are trying to scare everyone … as we already know anyway.
Th 2 doctors explain the fraud.
Gross goes Shakespeare:
http://www.pimco.com/LeftNav/Featured+Market+Commentary/IO/2009/Midnight+Candles+Gross+November.htm
@ richard
My time frame is long . I am wondering about a pull back to buy more silver
What measures the true value of gold?
These greedy morons:
http://www.abc.net.au/reslib/200702/r128676_422788.jpg
Elizabeth Warren: We Rescued The Top Of The System, Left The Bottom To Fend For Itself (VIDEO) http://bit.ly/4GElCn
http://blog.macroaxis.com/2009/10/28/bill-gross-systemic-collapse-would-be-a-gray-swan-event/
Systemic collapse would affect pricing.
@frances .. ETF GLD = paper Gold
Comex and LMA is supposed to be “Physical” Gold , but is also mostly paper.
Disconnect is the right word … paper fraud versus impending panic to get physical IMO.
Why the disconnect between the US dollar index value chart-Jesse link and the gold price in dollars relative to euro gold price? What measures the true value of gold? How does the etf volume affect gold pricing in dollars?
@henk … Don’t copy Europe’s mistakes ??
I would say it’s the other way ’round.
The US is finally getting fed up with Federal Govt. interefernce in all walks of life .. even some states are considering quitting the “United” part of the USA !
Europe OTOH, is just starting to try and build a Federal system.
Crazy IMO !
@Kricke242
The Dx chart is “Worth a thousand words” One perception of the chart .. “looks like a sinking ship in a stormy sea”.
@ stacy
http://www.youtube.com/watch?v=RZum_o-GAEI&feature=player_embedded
Oh shucks,..them peace makers are at it again!
The UN has declared it will stop providing support to one of the units of the Congolese army which has been accused of gross human rights violations.
http://www.globalpolicy.org/component/content/article/181-congo/48397-eastern-dr-congo-surge-in-army-atrocities.html
http://www.marketwatch.com/story/is-india-clearing-way-for-gold-moonshot-2009-11-05
@Marietta: what is your time frame??: today?? in a week?? by next January?? my answer is that gold and silver might have a downside as the new Basel II agreement is implimented next January…how much is anyone’s guess…if you prefer sound money …there is no better time to convert your ( extra??) FRN than the present.I am an AOCS community trade coordinator and trade silver…
BP might as well make use of the opportunity,..who says it’s all about oil? ,.Well you’re wrong, it’s called colonialism!
http://www.globalpolicy.org/component/content/article/168-general/48399-outcry-against-qcolonialq-takeover-by-bp-of-rumaila-oilfield-in-iraq.html
Where’s dem frickin’ terrorists!! gimme gimme gimme
@joe
Well, its a free world..
1111 by end of day. Now does anyone know about GoldMoney.com, the advertiser’s here? Or any other good Gold supplier who could store my bullion. Recommendations please. They are welcome. thanks all
anybody think silver is about to bottom. hasn’t been mirroring gold lately.its lows are getting lower
Want to Save Our Economy from Almighty Greed? Here Are 10 Crucial Fights and Key Fighters to Watch | AlterNet http://bit.ly/44ZHxt
It just keeps going up. Maybe I should buy some gold at the all time high so I can get rich quick too… safe as bullion right?
…erk, look at those typos again. oops.
@Mother Earth
LOL someone predicted gold at 1300 at the end of today
I know AEP is a bit of a …. but I’ve never heard Max on the likelyhood of Japanese soverign default. I know that the major economies are in a race to default anyway, either an actual default or an inflation stealth default, but it does seem that Japan is leading the race. Any views that Japan is going to be the next Iceland?
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6480289/It-is-Japan-we-should-be-worrying-about-not-America.html
@Kricke242 – Exactly. Check out this long term dollar chart via Jesse’s Cafe Americain.
http://3.bp.blogspot.com/_H2DePAZe2gA/SvEShKL_ApI/AAAAAAAAKPE/Te-dCS-ZdH4/s1600-h/DXVeryLongTerm.png
The dollar lost 51% of its value in 4 years under Reagan. And then nearly the same again in the first seven years of Bush II.
Interesting list from “Dying To Serve”
http://www.lewrockwell.com/orig10/hulet1.1.1.html
1American illiteracy increasing in youth; The MTV consumer culture has left us with an unprecedented level of illiteracy among the adult population and the youth in particular; nobody believes more education is what is needed, but where to put these people to “make” them productive can be answered: i.e., the United States Army, Marines, Air Force and Navy. A civilian kind of selective service may be harder to sell to the public but there are places in the military such as the Army Corp. of Engineers that can act as part of a civilian-type structure that can accomplish nation-building in both foreign and domestic contexts. As such, it will be construed to mean exactly this throughout the remainder of this piece: a civilian-type “Job-Corp.” or “Peace-Corp.” Whether selective service requires some to be placed in civilian structures or to accomplish the same but remain within the military structure is moot. Getting productivity out of the youth which today are highly unproductive for many reasons, illiteracy but one and the most significant, is the ultimate goal here. How they go about this is less relevant. That they will “go about this,” is what remains important;
unemployment increasing quarterly (especially minority youth); unemployment can be ameliorated most effectively by the universal draft;
2excessive college student enrollments (some remain in school 8 years); moving these off-campus and into productive work is here an easy answer to long-term stagnating productivity;
3student loans not repaid; given their new job prospects, garnishment of their wages returns unpaid debts to the government through confiscation;
4record personal bankruptcies; those losing-out in the marketplace find refuge and security in the military reducing the burden on the rest of the economy by those filing Chapter Elevens;
5record business bankruptcies (more unemployment); more business failures causes further unemployment;
aging demographics (Social Security); as the American population becomes older, at some point in the very near term there will be more individuals not working, retired, drawing Social Security and other benefits that the new generation must be taxed so as to pay for the non-productive aging population; the draft puts these younger people on the payroll tax system most effectively;
6retirement accounts insufficient, savings eroded (interest rates at or near zero); interest rates must return to a significantly higher level for many reasons; just one is that those expecting to live on their savings and the interest off their capital saved are losing millions and having to go into their capital to live on. Interest rates must be increased if this cycle is to be broken — no matter that the cost might be a recession;
7foreign bond holdings disappearing (foreigners holding U.S. debt, etc.); interest rates must be returned to a higher level if foreign entities are expected to continue to buy the American debt as has been the norm for decades;
8Europeans & oil producers threatening to go to the Euro for oil purchases; that the dollar is under attack and in a potential free-fall crisis can only be resolved through higher interest rates, which will cause, if not another full recession or worse, it will certainly cause further unemployment prospects especially in the youth and minorities: See unemployment above;
Europeans talking of the Euro as a global reserve currency; Europeans and others, especially in the oil producing nations, are arguing that the only way to offset American hegemonic ambitions is to strengthen the Euro agaisnt the dollar if not making the Euro the reserve currency of the world. Many American investors are already placing their wealth in the Euro/Dollar/Huan/and gold (25% in each) because of the Dollar’s critical status. This trend will continue unless interest rates are significantly increased;
9Social Security, Medicare, Medicaid out-year deficits; again, in the near future there will not be enough younger people working and covering this future single largest item in the governments’ debt (next to Defense) to pay the projected amounts; the youth must become part of the tax base through 10productive “mandatory” work. The draft accomplishes this;
federal tax base eroding; same symptom as above but applies across the board for all services and appropriations at the federal and state levels;
11further layoffs anticipated; the globalization process continues unabated; higher interest rates to solve other problems must take precedence, creating yet another round of unemployment;
12states in deficit fiscal crises; same as above only at a more localized level: expect property taxes to be reviewed and increased on an annual basis in all fifty states. Other arbitrary taxes (value-added, etc.) will be introduced and those existing raised;
13record personal debt; the American people will be restrained in their profligate consumer spending which has created the highest personal debt in history; most adult (and even rather young people) Americans are bankrupt already. See above;
jobs, white collar and manufacturing going overseas; the process of globalization and U.S. corporations moving entire facilities overseas seeking lower wages and fewer employees’ benefits packages will accelerate rather than slow in the next ten years. U.S. military occupation of foreign countries and the attendant nation-building will, as well, accelerate, taking even more jobs overseas, but creating new openings in (for but one instance) the U.S. Army Corp. of Engineers. And many 14corporations such a Halliburton, Brown & Root will be hiring, but only into overseas expansion. The brain drain may seemingly mean more jobs domestically but for most at substantially lower wages. This job attrition will continue exacerbating unemployment figures further as well as the tax base;
15further mergers and acquisitions; globalization implies Corporatism which implies further concentration in every major industry; which implies a further attrition in the areas outlined above;
16further centralization of major industries; same as above;
housing bubble; the absurd housing bubble, where prices have no relationship to real value, is concentrated in the western states, but the nation over, and must come to an end. Higher interest rates and further job losses through overseas brain drain and business failures can be expected;
17stock market speculation returning (bubble); Mr. Greenspan of the Fed, is keeping interest rates artificially low for political motivations. These motives must end sooner rather than later and the expectant rate hikes will bring about further corrections in the stock market, housing and further unemployment and worsening tax revenues;
18interest rates unrealistically low; same as above;
19U.S. federal deficit heading for record highs; The imperial vision of those now in power will not alter one bit (whether Democrats or Republicans control the government); the future is clear, and this administration, like no other, has ebraced this expansive point of view: Empire will expand, one way or another;
20the Fed increasing (record) money supply; the increasing money supply (the monetization of the federal debt) will continue unabated to pay for the expansion of Empire and its imperial war-making/nation-building;
21U.S. dollar in crisis; all the above has placed an ever increasing pressure on a detereorating value of the dollar. At some point America in the persons of the elite and Bush administration, will defend the dollar through interest rates and tax increases causing further layoffs and bankruptcies; a universal draft solves this problem by alleviating unemployment outcomes to prop-up the dollar (which the US empire must do “at any cost.”);
22U.S. military engagements planned globally; there is no end in sight with the administration’s global view, using the war on terrorism, WMD, and other contrivances, the military footprint will grow exponentially in the decades to come. Therefore more troops needed;
23planned larger deployments (footprint) of U.S. Military; See my article on our website and a recent piece in Foreign Affairs Sept./October issue 2003;
24Army Reserves and National Guard deployments; already planned is the increased usage of the U.S. Army Reserves and National Guard; this is only a short term solution given the need and an election coming-up. Every time one deploys these organs there is a correspondence in unemployment and reduced tax revenues as those earning more than what they receive during their active duty phase is often quite considerable;
25Reserves and Guard recruitment off (resignations imminent); there is a massive decline in both organizations as nobody joins the reserves and guard “hoping to be deployed”; it is clear now to all, there is deployment in that future…. resignations and end of tour commitments are already taking place as those who can leave these units are quitting rather than see Iraq in their future;
26two or more intractable guerrilla wars in Middle East & Central Asia; both of these wars promise to draw down even more troops from the reserves and Guard until it is no longer feasible. The draft solves this problem first and foremost;
recession or worse (deflation) anticipated by all knowledgeable observers; given each scenario above, or any combination of several, will bring about a correction in an entirely mismanaged economic system exacerbated by globalization and imperial burdens. A correction is a different way of saying everyone will face living within their means: “a day of reckoning” it is often called;
27present administration’s imperial perspective (neo-empire); since 9/11 there has never been a clearer imperial vision put forward. That it is not new at all is now a moot point, that it is articulated means it will accelerate;
and finally, the potential escalation of the drug war in Latin America (which is on the table presently though the other two AOs dominate the news). This last burden is a Bush family project decades old; it is being pursued in a full military deployment which one day may make Afghanistan seem mild. That it is “on our own borders” bodes ill for DEA and Border Patrol efforts to stem the tide. Want to end drug usage on the streets of America, draft them and place the burden of civil strife in the able hands of Military Justice: Military Justice is to Justice what Military Music is to Music.
Sri Lanka c.bank buying gold to diversify reserves
11.05.09, 04:55 AM EST
NEW DELHI, Nov 5 (Reuters) – Sri Lanka’s central bank has been buying gold for the past five or six months as it diversifies its reserves amid volatile markets, the bank’s governor said in an interview on Thursday.
http://www.forbes.com/feeds/afx/2009/11/05/afx7089016.html
Prechter says: “But at least you won’t be crying because you lost half” of your assets.
But what about losing half of the purchasing power? Doesn’t matter to Prechter? Thw only way to lose half of ones assets is to sell them, keep currency, and then buy them back at twice the nominal price.
G20 meeting this weekend. Should be some comments about China/BRIC switching to a partial Gold backed SDR. Then next weekend another Massive US Debt sale to cover last weeks drinking binge.
Does Prechter work for Goldman Sachs of JPM?
Gold did a quicky..
You can place your bets here..be carefull with your entry before you enter it.. http://www.mygoldprediction.com/
Already traded at 1,102.00.
This is the vidio
http://finance.yahoo.com/tech-ticker/article/367381/Wall-Street-Is-Setting-Investors-Up-for-Another-Hurting-Robert-Prechter-Warns?tickers=^DJI,^GSPC,^IXIC,SPY,DIA,QQQQ,GLD
Oh, well! Gold just passed 1100 an ounce. That was fast.
Wall Street setting up investors for another fall
http://finance.yahoo.com/tech-ticker/article/367381/Wall-Street-Is-Setting-Investors-Up-for-Another-Hurting-Robert-Prechter-Warns?tickers=^DJI,^GSPC,^IXIC,SPY,DIA,QQQQ,GLD