Debt spirals, deflation returns and gold predictions

Posted on November 20, 2009 by stacyherbert| 24 Comments

Stacy Summary:   These headlines do not suggest a recovery as Geithner claims, nor does it seem the worst is behind us.

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24 Responses to Debt spirals, deflation returns and gold predictions

  1. Supergeek | November 20, 2009 at 2:48 am |

    @Y’all
    On The One!!!

  2. Mep | November 20, 2009 at 3:11 am |

    Foreclosures are another “green shoot”:

    http://www.huffingtonpost.com/2009/11/19/foreclosures-prime-borrow_n_363725.html

    and there’s still the problem with commercial real estate:

    http://www.forbes.com/2009/11/19/saft-commercial-real-estate-intelligent-investing-collapse.html

    I read elsewhere that 50% of commercial real estate loans are held by small banks, which are obviously having enough trouble as it is.

  3. Youri Carma | November 20, 2009 at 4:43 am |

    Government Says Japan’s Economy Is in Deflation for First Time Since 2006. Japan’s Government Declares Economy Is in Deflation http://tinyurl.com/y8pon2p

    Bank of Japan Keeps Rate at 0.1% as Kan Urges Deflation Fight http://tinyurl.com/ylcog3v

  4. Adam Gibson | November 20, 2009 at 5:03 am |

    Watching the stock market Max and Stacey? I heard yesterday that Goldman were selling S&P contracts 400 lots at a time in the pit. It looks like the rollover is underway before bonus time? :)

  5. Starstrike | November 20, 2009 at 5:07 am |

    Market news

    Ukraine at risk of imminent Sovereign Default

    The initial story is that Ukrainian Rail has a bond to Barclays which has now defaulted. There is a secondary bond to Deutsche Bk, underwritten by the Govt & if this defaults, it would count as a Sovereign Default….

  7. Adam Gibson | November 20, 2009 at 6:22 am |

    The mention of Paul van Eeden reminds me of the hilarious “Hitler gets a margin call” on youtube. Sorry in China here so can’t search it, but you’ll find it on youtube easy enough. Never gets old for me :)

  8. Yeah | November 20, 2009 at 6:37 am |

    What was Faber saying in 2000 when the price of gold wasn’t that far off the mark of what it took to produce it?

    Gold now is hype/truth.

  9. Danny | November 20, 2009 at 6:54 am |

    Thierry Henry calls on Fifa to order replay of Ireland play-off
    http://www.timesonline.co.uk/tol/sport/football/article6925303.ece

    Thats all I’ll say on the matter

    @david
    Re: Grayson. But don’t we have Jackie Healy Rae?

    ***************

    Ireland under water
    http://www.irishtimes.com/newspaper/breaking/2009/1120/breaking26.html?via=rel

    Climate change to flood Cork, Dublin and Galway (????)
    http://www.independent.ie/national-news/climate-change-to-flood-cork-dublin-and-galway-49853.html

  10. Youri Carma | November 20, 2009 at 8:18 am |

    Russian Navy UFO records say aliens love oceans http://tinyurl.com/yfqpe3g

  11. Youri Carma | November 20, 2009 at 8:21 am |

    Hairdresser turns robber into sex-slave http://tinyurl.com/yeybgan

  12. Youri Carma | November 20, 2009 at 8:23 am |

    A young man from the capital of Russia’s Udmurtian Republic was diagnosed with cancer, and had to undergo an operation which revealed the shocking truth – he had no cancer but… a tree growing in his lung. http://tinyurl.com/ydbdmks

  13. Will | November 20, 2009 at 8:53 am |

    URI for “Hitler gets a margin call”

    http://www.youtube.com/watch?v=eVB-SSkkLnY

    Caution – no food or drink in mouth while this clip is running!

  14. george mcclure | November 20, 2009 at 9:13 am |

    RE: OECD ‘debt spiral’ – advanced degrees in math and theory of computation are useful for some things – GB public borrowing 88x Oct a year ago, and Japan’s debt at 2.25x Japan’s GDP (gross income or sales) says one thing: GB is well into debt spiral already. Far into it. Japan is clearly bankrupt.

    It’s possibly the collapse of the western civ model. Unless the criminal elite allow themselves to be ousted and replaced with a new model, it could happen. Who thinks they really have control as they implode the U.S./UK? Is Europe going too? China and Japan?

    Interested in your thoughts.

    Solutions:
    1. The criminal elite maintain control (two centuries) of the energy grid. Leave the grid and they have NO CONTROL. Look at $30,000 forever-power-your-home systems and magnetic motors in cars (Reid) that run for 50 – 100 yrs.

    2. We don’t need wall street and wall street bankers Use money orders and small local community credit unions. Pull all that useless paper investment you have; it’s going to be decimated anyway.

    3. Net result of 1) and 2) is moving off the grid to sustainable lifestyle, and moving your assets out of criminal control into real actual things in your possession.

    4. Net result is removing the food supply from the virus. The cancer. You see, the model of western civ is flawed – one such flaw is forever growth and expansion. WE are the leaders, WE are the inheritors of our planet. And WE must live and design the system replacing the old corrupt model.

  15. A New Era Begins | November 20, 2009 at 9:17 am |

    Be prepared for gold to fall….. a rally in the dollar is VERY close.

    I can image a period of about 3-4 months of deflation and gold will probably pull back to about 850-950….something like that.

    I bet it won’t really move to much at first…. but once the realization hits that there is no recovery, then people won’t even want to own gold for a while. Can you say deleveraging?

    At that point central banks will REALLY start inflating (stimuli number 3) and that’s when gold will really take off.

    Weird stuff going on right now with the dollar.

    http://www.marketwatch.com/story/ice-investigating-spike-in-dollar-index-futures-2009-11-20

    Any idea?

  16. stacyherbert | November 20, 2009 at 9:21 am |

    @george mcclure – interesting; thanks for that; re: the energy grid, however, of all the issues, I have noticed that most Westerners are very deeply and emotionally attached to an oil based energy grid and even if they are all for removing themselves from the debt money grid, they will often react aggressively over any suggestion that they remove themselves from the oil grid

  17. george mcclure | November 20, 2009 at 9:30 am |

    @stace, @me — I agree. The people i know (neighbors, community, homeowners) are very very interested in forever sustainable off grid power, but they don’t understand non-gasoline autos at all. I find almost all essentially outright reject non-internal combustion autos.

    The reason they’re not putting in zero point in their homes is they don’t know where to get it. Even solar is kept in the dark here in the U.S. – no stores to walk in, few model homes. e.g. my remark “It’s up to us to live it – and design it”.

  18. Rick | November 20, 2009 at 9:35 am |

    @Stacy & Max

    Really liked your keiser report show yesterday (and the fact that it was all in one youtube. Good work and give us more Danny Sheckter news dissector he’s spot on.

  19. Rick | November 20, 2009 at 9:40 am |

    Magnetic motors for cars? Get real, never happen. I’m for home-grown algae->alcohol->internal combustion myself (that is until decent battery storage technology is proven and available)

  21. george mcclure | November 20, 2009 at 12:47 pm |

    @ Rick — With respect, you need to look at Reid (Oklahoma) with his magnetic/electric motor car. It’s the same magnetic zero point that is being developed around the planet.

    It’s not a “workable model”. It is working already, now.

    The problem is bigcorpa controlling big govt – and the elite controlling the human population with energy. Jump off the grid and you break their power. Get the picture?

  22. Dante | November 20, 2009 at 6:53 pm |

    In this interview Bill discusses where we are in the stock market rally, gold, gold as money, the Fed, money printing, the economy, investor sentiment in gold and silver and the mining shares, getting rid of the emotion in investing, the global Dollar carry trade, disastrous bubbles, another train wreck, the currency situation and more.

    http://tinyurl.com/yf49bv5

  23. Mel | November 20, 2009 at 10:10 pm |

    People have been calling for a dollar rally since march, it hasn’t happened. The reason is that the “deflationary” bust last year was a fluke. Inflation is in the real picture if you count the tremendous growth of credit derivatives within the past decade. IRS swaps have also kept treasuries artificially high.

  24. Devon Hall | November 21, 2009 at 9:37 am |

    Hello Max the best, my hero.My question is who are buying these houses? I have a susppition is it the crooks confederates
    what your take Max look in your crystal ball and tell us