Stacy Summary: Video I am watching this morning, how about you? Any video links to post?
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ref. max keiser – Get 6 mo’s free storage
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Rick Ackerman-
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- David Morgan
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
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crash banksters – Buy Silver & gold
![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/platinum/t24_pt_en_usoz_2.gif)
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What…so now the dollar is a good currency to have??? I’m confused.
@ES – Rogers is a currency speculator and he is betting that in the short term the dollar will rally; that does not mean it is a good currency to have as he makes pretty clear in the video that he is negative on the dollar long term. His bet/speculation could very well be wrong; but based on his experience he is suggesting that it will rally just because there are so many people negative on it. He doesn’t mention unwinding of carry trade or other reasons for it to rally.
this was predicted by Robert Prechter. Worryingly this is what happened last year as part of the market’s “run to safety”.
THANK YOU, I appreciate you explaining this to me.
Video of a Copenhagen Coke pledge.
@Stacy … do you have another link to the video as it doesn’t start for me, just continues loading .
Google to produce, sell own “Nexus One” phones: report
….LOS ANGELES (Reuters) – Google Inc plans to sell its own cellphone direct to consumers as soon as next year, bypassing wireless operators in a rare strategic move, the Wall Street Journal cited sources as saying on Saturday…..
http://www.reuters.com/article/idUSTRE5BC04620091213?type=technologyNews
http://spectregroup.wordpress.com/2009/12/11/todays-pirate/
@Stacy … Thanks .. great room-service here at the MaxKeiser hotel !
I agree with Phil/Germany. It’s so nice to have this convenience to get updated information + Stacy’s “explanation/translation” (for me at least) to better understand the markets. So again thank you.
Haven’t we been there a short time ago ? And does somebody have a approximate figure of this famous US carry trade ? Seems to me it’s already very old news ?
@Marc Authier – no reliable public numbers were ever made available with the yen carry trade; so seems doubtful that there will be any made available for dollar carry trade; I’m sure, however, some computer somewhere knows
@ES … “good currency to have”
As Max has often said , the “pricing ability” of the market has completely gone to pot .
The simple reason for this is that Governments conspiring with the CBS to manipulate market prices and therefore currencies is now totally out of control.
Ron Paul, having seen the FED-Audit bill DILUTED into onblivion is now tyring to stop the Central Banksters and Govt. from AT LEAST manipulating the Gold price.
I posted this yesterday :
Federal Reserve manipulating gold prices: Ron Paul
…WASHINGTON (Commodity Online): Politicians in the United States are coming out in the open demanding constitutional remedies to curb manipulation and rampant speculation in gold prices. Congressman Ron Paul said that the US Federal Reserve and the Treasury department have been manipulating gold prices to deflate the price of gold….
http://www.commodityonline.com/news/Federal-Reserve-manipulating-gold-prices-Ron-Paul-23803-3-1.html
I also mentioned earlier that the size of the Gold market is peanuts compared to the paper-market … in paper-currency terms. The FED has easy meat controlling the Gold price as printing Trillions in paper-money is these days just a digital mouse-click.
The big plan IMO is simply that the Govt./Bankster crooks will inflate share prices ( DJIA 20K or higher ) such that when a the time is right, they’ll come up with some new idea to wipe out or reduce debt ( devaluation of all paper-currencies via crisis etc. ) all within the parameters of the existing system … thus again hiding the fact to the public that the old – and new – system is crooked beyond repair.
To achieve this, it means keeping Gold ( the warning sign ) down until that day.
I notice many MSM talking heads are now reporting that stocks are safer than cash for the above reason !
My plan …. hold physical Gold and trade the paper !
A black swan. Again. Which computer ? The one that Godlman Sachs uses to do its front running ?
Climategate. Short video.
http://www.youtube.com/watch?v=mJsnsxns_Wo&feature=sub
one not to miss… Ireland:
http://www.dumpert.nl/mediabase/738541/251f8248/schelden_in_het_ierse_parlement.html
Finally got my computer back in order after my OS HDD failure yesterday. That was a time consuming pain in the ass problem. Troubleshooting and figuring out what the heck went wrong and then replace broken disk and reinstall OS and programs with all updates and drivers needed, spent all night doing it.
So, in the spirit of my bad fortune:
***Recommending all to make a Backup copy of all your text files/documents, browser Bookmarks and for Opera users the very useful urlfilter.ini file. It is not a question of ‘if’ but ‘when’ a HDD fails***
Re: Sunday Video Club
Peter Collett’s Body Talk: Power (the documentary is 6years old but still fascinating)
http://www.youtube.com/watch?v=c3HZ-EyMjSY
And this video that touches on the good question in yesterdays Truth About Markets (who is the bigger threat in terms of brainwashing between corporation or extremists)
Ralph Nader on growing up corporate
http://www.youtube.com/watch?v=5FDVoYHbikk
Re-post
Matt Taibbi Discusses “Obama’s Big Sell-Out to Wall St” on MSNBC
http://www.youtube.com/watch?v=7RXOv0hAYFE
dan valley repost i think. Good and to the point, about bureaucracy taking over democracy
‘Europe’s Ron Paul’ – MEP Nigel Farage Interviewed on King World News
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2009/12/9_MEP_Nigel_Farage.html
Russian Central Bank to buy 30 tonnes of gold from Gokhran
…Russia’s state repository will sell 30 tonnes of gold worth $1 billion to the central bank next week, a source at the body said on Friday, keeping the metal inside Russia after rethinking a plan to sell it on the market. Central banks worldwide are building up their gold reserves as the metal trades near record highs. Gokhran, the Russian repository, cancelled plans to sell the gold on the open market after information about the sale leaked.
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http://www.freerepublic.com/focus/f-news/2406404/posts
@Palantíri … agree …. HD-backup !
I use “Acronis True Image” … has never failed yet.
@ Palantíri – Thanks for the Nader link.
stacyherbert
Dec 13, 2009 at 2:43 am
I watched this one TV with Jimmy and he said that this was the first time that he was net long the dollar in a while FOR A TRADE only as he is still long term bearish on the dollar and is still long gold.
His caveat was that he is a lousy short term trader and is usually wrong in the short term. But this will not be emphasized in any media report.
YouTube Parody: “Mammas Don’t Let Your Children Grow Up To Be Bankers.” To Willie Nelson’s music.
http://www.youtube.com/watch?v=P3j2oTziRg0&feature=email
From Kilowatt8 @ InvestorVillage
What Could Lift the Dollar?
Lift the dollar? Allow me to ramble for a moment. I give my personal guarantee, which is redeemable for unlimited derision on this board as necessary, that the dollar will not lift. It may gyrate in preferable fashion here and there relative to the other worthless irredeemable debt-based crapola currencies in the basket as they collectively swirl down the figurative global toilet bowl. But there will be no lifting. There is no going back to the beginning of this perverse and fleeting monetary experiment. The end game is now in play.
The only thing keeping the worthless currencies of the world from imploding and preventing monetary metals from erupting is the inertia of gross and widespread economic and monetary ignorance. Ignorance that is largely intentionally perpetrated by the shysters on the inside. And that tag only applies to those engaged in matters of money and finance. Most participants in the fix we are in, the lumpen masses, don’t have the remotest clue what money is and how deeply we are screwed by the bastards who did it. Unfortunately, they won’t find out until we are all ruined.
Of course the optimists, IMO, hope for creative destruction on a grand and thoroughly justified scale. I don’t buy the notion professed by many that planning for a reboot of the system is a waste because in that event we are all screwed anyway. Seems like a cop out to me.
http://www.investorvillage.com/iv2/smbd.asp?mb=144&mn=35768&pt=msg&mid=8303160
Pretty good summation IMO !
…just what goes on where commodities and cheap manufactured goods come from: Stage 2 of the anti-democratic coup – faudulent elections, blessed by the USA, Canada, etc; praised by the New York Times. The Big Lie about the turnout was produced *for* their use in propaganda to justify accepting the election of a stooge.
Exclusive: Honduran elections exposed
TheRealNews
06 December 2009
Honduras: An election validated through blood and repression
TheRealNews
07 December 2009
Hondurans seem to be more politically aware and active in defence of their rights than US or UK citizens.
Seemed to me the two claimed to have grown-up ideas but were doling out information as though the audience was full of children. Did anyone notice that Rogers suggested the end the Fed was a good idea and then extended the measure to the Treasury?
Trade zone here we come.
How does Rogers believe we will price gold if the end the Fed measure succeeds?
@Phil – thanks for the tip, will look into the software to see if it is something for my use.
@Mep – glad you liked it. Nader at his finest when talking about consumer advocacy I think, like the subject of one-side contracts -sooo important yet it is hardly ever mentioned by anybody.
Rogers was one of George Soros’ best friends, that’s one of the reasons he became rich.
I wouldn’t trust his words, he said Gold could go down to 700$ when the IMF announced they would sell their Gold. He’s an anti-gold propagandists.
I love it when he says he’s one of the worst traders of all time, yet he keeps making tons of money, probably thanks to his old buddy Soros.
Re: Sunday Video Club
I strongly recommend seeing the movie “In The Loop”
http://www.imdb.com/title/tt1226774/
as it is the best satirical comedie film of the year.
If you like shows like ‘Yes, Prime Minister/The Office/Wag The Dog’ than this film is something for you.
A little trailer here:
http://www.apple.com/trailers/independent/intheloop/
As one reviewer wrote “…On the surface level, In the Loop is The Office meets The West Wing, sure; what it winds up feeling more like is as if John Cleese and George Orwell wrote Dr. Strangelove for our media-soaked age where wars are conducted in part through press releases and focus groups, or Catch-22 for the 24/7 news era…”
Buy it online and enjoy
Someone has posted a longer clip of the Jim Rogers interview with Maria Bartiromo on CNBC.
http://www.youtube.com/watch?v=IxCJXf3A1uE
This is an 11 minute clip
@ Anti-Illuminati
I’ve read the linkages between Jim Rogers and George Soros, but the reality is that both Soros and Rogers have acquired a great deal of wealth. That wealth has been diversified and that diversification has an impact on our local economy when Mr. Soros or Mr. Rogers or others,..
Do you disagree with Mr. Rogers?
I do not.
“There is no paper money we can trust” Rogers says…that is not a comment from a gold bug.
@Snoot -
I’ve been following Jim Rogers comments on Youtube and F-TV for about two years now. He’s never had any comments about trade zones.
His comments are always about commodities and food/agriculture because he does not believe that the Central Banks can help themselves from debasing paper currency.
Jim Rogers interview with Maria Bartiromo
CNBC
12-10-2009
Youtube clip:
http://www.youtube.com/watch?v=IxCJXf3A1uE
10:41 into the clip (close to the end)
Bartiromo: Where is the place to avoid right now…
Rogers: United States Bond market, that’s the next bubble
Bartiromo: Why?
Rogers: Why? Would YOU lend money to the United States government for 30 years at 4 % or 5% in US DOLLARS? OH MARIA! MARIA!
It’s so wonderful for people to “see” gold as an investment, but why would anyone believe that it’s worth the price right now? in the period from 2001-2003 gold was priced so low as to actually reflect a production cost… going by that alone would make the price (realistically) less than $900.
Even here in central/eastern europe, I go to the post office and see old ladies selling gold at much less than the market price per gram to the pawn shops, etc. Many of these little places are pulling in a POUND PER DAY. Of course, there is no real “zippity doo dah day”, and most will wake up to what is the reality behind the populist-driven rally to buy gold… priced in fear dollars.
On Rogers, he is a clever trader. He calls glibbly for the abolition of the Fed because it gets people panicked and buying long all his core positions in commodities,etc. He could really care less.
Phil, you must be prepared to hedge and buy the dollar. It has moved out of its down channel and could easily pop up into the mid-80s. Deleveraging and cratering of all commodity markets would follow suit as it did over a year ago. That was a huge washout. I am not in agreement with the deflationistas who say in one breath that metals are a good investment against catastrophe and in the other say that massive deleveraging is around the bend.
If the dollar carry trade is truly beginning to unwind, they will sell all speculative asset classes rapidly in a mad rush to get out the door and there will be many margin calls. Hedging is a must at this juncture and buying gold at these levels to add to a ‘core’ position is foolish imo until we see how this plays out. Better to be safe than sorry. Sure trade the stuff for a one or two day bounce off a 60 minute oscillator but all else is madness.
“…. we are running out of trees!”
If it only were that easy to get them to stop. These silly Creatures unfit necessary training standards would make new dollars out of green cheese.
“Landru, guide us.”
The $USD bubble is looking awful toppie in through here to me. We’ve got all these people crowding over to the long $usd side of the ship. Robert Prechter, Roubini & now even Rogers, plus even more, all bulled up on the $USD. And why would they even suggest going long the buck? Why wouldn’t they instead suggest going long say the Yuan or another currency pegged to the buck?
Interesting to me though is the fact that Mr. “I’m a terrible market timer” Rogers was just saying about a month ago he was going long gold & shorting the $USD. It’s apparent by his comments now that about 15 seconds after he made those comments last month he was in fact gearing up for the exact opposite trading position.
So if I can keep this gal’s titties out of my face long enough to think clearly what I should be thinking about doing is listen to this analyst comments, wait 15 seconds & then do the exact opposite of what they are suggesting in public because after all that’s what they seem to be doing. LOL;)
Not exactly a surprise that Rodgers has been saying he’ll dump all of his dollars for what now, almost two years? Of course he’ll play every angle possible.
Yet despite that, I still disagree with those who love to have a go at him, Soros (and Gordon Brown). Nobody has that much power to single handedly destroy the pound. And if Rodgers did dump all of his dollars, how much of an effect would that realistically have on the global markets? Maybe not as much as people think it would.
US Dollar, according to cold hard facts , and statistical analysis should be trading much lower. Since the markets are manipulated , real numbers mean nothing. Just buy on a gold and silver on dips and hope for the best would be the rational thought process here.
A new US currency, north american buck, some time this year or next would also be logical, maybe 1 new dollar for every 3 old bills for us money, and 1-1 for Canada $$$, 7-1 Mexico. Silver and gold backing the new money . Why else would the reserve not care about the amount of money its printing. They have bailed out the banks, smashed the American people into servitude forever , and ushed in a new totalitarian system. Default and start over, its an easy solution. They are just waiting on the Canadian Real Estate bubble to burst, and for Canadas manufacturing andretail sector to crash, which is about to happen as I write this. Soon we will al be one happy family , Canada, US, and Mexico, bet on it!
@Depression Alert
Is your currency exchange number (1 or 1 CAND, 1 for 3 USD) based upon a ratio of some sort?
In the scenario where currency is either devalued or replaced, precious metals end up being a benchmark and is a form currency.
Do you think holding the Canadian maple gold coin or US American Eagle or Buffalo would be altered in dollar valuation in the scenario you describe?
I’ve been following Jim Rogers comments on Youtube and F-TV for about two years now. He’s never had any comments about trade zones.
@Stranded;
Do you believe that Roger’s intention is to inform or deceive? I believe the latter.