12. In a showdown between central banks and governments, governments win. They won in the 1930s depression, and they will win in this super-crisis.
13. The days of Ben Bernanke demanding that President Obama “get the government’s financial house in order” before he ramps up QE more, are coming to a quick ending. The only question is, will it be a painful ending for Chairman Bernanke?
14. His counterpart in Japan, Governor Masaaki Shirakawa, learned the power of government, the hard way. He resigns on March 19. Shinzo Abe essentially slapped the Governor’s face publicly, and is now demanding “performance” from the Bank of Japan.
15. The bank is now claiming it’s not sure what new measures it could take, to expand the balance sheet. I assure you that Shinzo Abe is fully aware of the power he has, to order the Bank of Japan to begin significant purchases of gold with printed money.
16. Gold is going higher, much higher. It’s going higher because government treasury departments are moving away from quantitative easing involving bonds, and towards QE involving gold. The gold bears will be destroyed, and everything they made you afraid of will seem ridiculous, in hindsight. There will be no currency war, but there will be co-ordinated devaluation of all G20 currencies against gold, just like there was in the 1930s.
Max Keiser
Financial War Reports
Amazing how we get these stories on crash days. Then the price keeps going down? Why dont you publish some more down to earth real stuff intead of delusional fantasy. Sure gold will be revalued by centeral banks, but then that would also mean confiscation and excise taxes. max is all about hype and selling merchandise, not about bringing new knowledge ot the public. If you really want silver to reach $500, you will have to get Walmart in the game. They have access to the general public.
13. The only question is: Will it be a painful ending for Chairman Bernanke?
NO; he will just resign in a PUFF OF POPE SMOKE… along with all the other Banking Jimmy Savilles’ and PONZI Pedo’s.
@Alex
It’s expected with these rigged markets. US dollar almost going up one cent while all the other currencies going down.
3:20 2.20.13 Gold $1,562.30 -42.63 Silver $28.42 -0.99
what the f#%@ is happening now??????????????
Implicit in the Fed’s plan to review and debate QE at the March meeting is the fact that all the money printed and pumped into the banks has not done a blind bit of good and that something else must be tried. Fact is, there isn’t much else to try except the acceptance that currencies can be readily stabilized by gold-backing.
So if there is so little silver out there, why doesnt sprott, salinas and max just take out a load of COMEX contracts and demand physical delivery? i’m starting to think all this silver stuff is hype. It would not be so easy to crash markets if there really was a shortage.
No one thinks things are going well – the climate has darkened. 08 was Stalingrad, this is the buildup to Kursk (the new tanks, the extra bravado), and we aren’t the Russians.
Krugman expressed some incredulity that he’s won, they are going to end this depression now. Or is it a ruse?
With McAlvany telling us he can’t get gold in Europe, could the price smash be an attempt to shake out supply?
If it really is Currency wars, played by Jim Rickards types on all sides, how can we take anything at face value, believe anything? In one of his Youtubes Rickards actually sounds like a robot… Rickards = AI to infinity.
Alex Jones is beginning to Rave and jibber (great put down though). Peter Schiff never looked more wrong. Ron Paul is still drawing heat. David Cameron is openly battling … The Smiths.
Get em all in a room with a szhoobydooby and sort it out. There is not enough communication. Pontificators only love you when they’re pontificating.
Currency devaluation? All I see is gold following its downward trend as positions unroll, ready for the next line of buy-in suckers.
http://www.youtube.com/watch?v=Ce0fR2NH53w&feature=player_detailpage#t=152s
That’s not to say you should not own any but buying up without reasonable research beyond Mr and Mrs Keiser’s repeated opinions is as bad as listening to the one sided views of MSM that probably bought you here in the first place. I’m all for balanced views even if this sounds negative on them, hell I love their show and watch it every week but really if you are considering the yellow stuff, look for opinions from those who would not buy it and find out why first as no gold bug will tell you otherwise.
@giggler
Tu n’es qu’un connard. Vas te faire voir chez les Grecs.
Fed backs away from asset buying:
http://www.ft.com/cms/s/0/cae57b82-7b88-11e2-8eb3-00144feabdc0.html
So endgame, or FUD from the ministry of disinformation?
I love reading articles from Max and Stacey. But what I love more is to read all the messages that follow the articles. Why? Because I see that most people are dis-hearted about gold and Silver. In other words, sentiment is very low. What does it tell me? That G & S are ready for turning!!
If the FED is going to stop QE, then who will buy bonds?
No bonds = Gov’t default!?
Of course I like to say; ‘You’re the Doc, Doc!’
The nuclear option..?
I remember those documentaries where the governing elite would take a middle class (‘the stackers’) section of the population and squeeze them slowly until they coughed up the yellow stuff they had saved.
They even gave them a yellow arm band to remind them of what they had accumulated and where they had hid it.
This squeezing and shaking went on for weeks and years, with limited success and eventually the elite, put the “Stackers” in a walled off section of the town and denied them food and water… and do you know what..?
From the bowels of their being and even from the fillings of their oral cavities… the yellow stuff came forth again, and the elites where much pleased… so pleased in fact they sent them all away to a camp in the forest as reward for all the yellow stuff they had given them.
The End.
I can’t remember a day I’ve vomited quite so much.
Have we reached bottom yet? Is it finally safe to begin Buying The F’ing Dip, bitchez?
“Ben also knows what President Roosevelt did in the great depression, when the central bank played “tough guy” with government. He knows his history very well.”
FDR wanted QE but the Fed insisted on lending only on short term commercial paper. FDR got his QE via devaluation of the dollar via gold which prolonged the depression almost 2 decades.
#velocity #interest #surplusvalue http://wp.me/P2kKxz-6g
@Warren Raftshol
Interesting read, look at the article from prof Feteke on entropy he has some insights on this Quantity Theory of Money model.
Sounds good. May play out as described.
However, I am hard-pressed to imagine some “battle” between the Fed and Treasury: they are a revolving door featuring the same players….and Obama taking on the banksters?
Not likely. I can’t see The Drone King biting the hand that fed him.
…the drama in precious metals pricing is associated with the amplifiers of fear and greed…leverage…nakedness….as the fashion of monetary expansionism continues then i’d reckon gold and silver prices will rise in sympathy…upward spikes, 25% pullbacks then the upward spike…then the 25% pullback….drama…etc….etc…
Is there any chance it will only be a gold revaluation and silver continues to be suppressed? This is the argument of FOFOA, Jim Sinclair, & a few others.
@Herbie697
Stewart is on record saying that there will be lots of bond buyers, institutional and banksters, when the bonds are backed by gold. At the same time, the public will have sold bonds in a panic, and not want them.
Man,
I bought gold and silver when I saw the writing on the wall of the US and Europe, back in 2005 and 2005!! That was when silver was 7 bucks an ounce, and gold was 400 something an ounce.
But, here’s the thing. Gold and silver will ALWAYS be a roller coaster ride to the top. The difference is the market manipulation is unbelievable now. I’ve never seen a market as rigged as this one, in EVERY area, from gold, silver, commodities, to equities, to bonds, everything.
Everyone talks about how bad communism is. This IS COMMUNISM, of the the highest order, when every damn market is rigged to the tilt!
Slv control the price of silver right now. I see a bottom in silver around 18-22$ an ounce. Here is my thinking. The top for silver in 2007-2008 was 20 usd and the crash gave way for a 9$ price. In 2010 the top price was 45. So taking about half of that and the bottom after a crash should be somewhere around 22 seeing how history repeats itself. The only thing that holds the economy together is zombie banking, fraud, lies, and adding to the debt. How long can that last? My advice is to stop being an american consumer and save your money for a time when no one has money and silver crashes.