tag:blogger.com,1999:blog-7982981413278241287.post1070802470847735581..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: The Bottom Is Either Here Or NearDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-7982981413278241287.post-32419281122356017602011-12-30T09:21:18.084-07:002011-12-30T09:21:18.084-07:00"or anything else that might be deemed an ind..."or anything else that might be deemed an indicator of inherent value. "..kind of like why facebook gets a valuation of $100 billion and the gold sector goes begging for $...its the oligarch version of something for nothing!<br /><br />Chris Powell: Financial Repression <br /><br />"Is the message here that governments have determined that the only way to stay in power is:<br /><br /> "To fund their excess through the banking system, at the expense of the private sector;<br /><br /> "And to go along with the gold price suppression scheme so that the only alternative to that system is not attractive either?<br /><br /> "If the Chinese, Indians, Japanese, and others buy into this power-preservation scheme, then it appears -- as you have long said -- there really is no true market left, and we're all screwed, no? This is not particularly what I want to believe, but if that's where we are, then I guess I need to deal with it."<br /><br />Your secretary/treasurer replied: "Yes, that's how I construe the comments about 'financial repression' made by Rickards, Kirby, Tett, and others. It's a matter of government's making it impossible for investors to make money except in undertakings specifically approved and designed by the government itself, undertakings that get narrower and narrower as government intervention in markets grows more pervasive.<br />"Economic circumstances and markets will keep trying to find ways to assert themselves, and the different interests of some countries may cause them to act against the 'financial repression' other countries try to impose, what Rickards describes in his new book, Currency Wars so there's no assurance about how things will end up, just assurance of less democracy and more totalitarianism. That's what GATA has been fighting all along."<br />http://jessescrossroadscafe.blogspot.com/2011/12/chris-powell-financial-repression.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-45829345362790869842011-12-30T05:17:02.099-07:002011-12-30T05:17:02.099-07:00Summary of 2011 year to date performance on major ...Summary of 2011 year to date performance on major financial stocks prior to today's trading day on December 29, 2011:<br /><br /> BofA: -60.38%<br /> Citi: -44.76%<br /> Goldman Sachs: -46.41%<br /> JPMorgan: -23.03%<br /> Morgan Stanley: -45.24%<br /> RBS: -50%<br /> Barclays: -34.32%<br /> Lloyds: -63.02%<br /> UBS: -29.33%<br /> Deutsche Bank: -28.55%<br /> Crédit Agricole: -56.04%<br /> BNP Paribas: -37.67%<br /> Société Générale: -59.57%<br /><br /><br />Dave Than you for a great year full of great commentary, I wish you a happy and prosperous 2012, rest assured it will NOT to be a boring one.<br /><br />Again thank you for all you do we are humble and grateful.<br /><br />Be well<br /><br />BillBillnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-88533995614271041082011-12-29T19:16:35.839-07:002011-12-29T19:16:35.839-07:00jamie, lloyd, ben...gfy's
The Depth Of Despai...jamie, lloyd, ben...gfy's<br /><br />The Depth Of Despair In The Gold Community<br /><br /><br />Gold is coming up on a tight group of four very major support areas that will hold the price from which the next advance is to take place. We have reached a point in terms of the depth of despair in the gold community that was never reached in the 1968 to 1980 reactions.<br /><br />http://www.jsmineset.com/2011/12/29/the-depth-of-despair-in-the-gold-community/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-67096400871026864762011-12-29T19:10:49.280-07:002011-12-29T19:10:49.280-07:00short for time second video endorsement....
Jesse...short for time second video endorsement....<br /><br />Jesse Ventura Endorses Ron Paul as the Only Anti-war Candidate<br /><br />http://sgtreport.com/2011/12/jesse-ventura-endorses-ron-paul-as-the-only-anti-war-candidate/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-7406416853650163582011-12-29T18:51:33.429-07:002011-12-29T18:51:33.429-07:00oui oui..
French CEO About Ratings Agencies: ‘We ...oui oui..<br /><br />French CEO About Ratings Agencies: ‘We Have To Shoot All These Guys’ <br /><br />How? “Higher VAT, higher taxes on drinks, on garbage collection, all that will go up. And then there is inflation. This year, we haven't seen too much of it, but it’s still about 3%.” Yet salary increases haven’t kept up with it, so it hit household purchasing power.<br /><br />“Inflation in 2012 is arriving ominously,” he said. “Suppliers, who couldn't pass on their price increases because we opposed them, are coming back to us” and demand higher prices because their costs have gone up, in some cases by 20%.<br /><br /><br />And what would he tell the next government after the election in May? “Stop listening to this financial world, these ratings agencies.” The government has to keep control of its strategy, he said. “According to the ratings agencies, it would be necessary to put France on a diet. But if there is no growth, we'll never be able to pay back our debt.”<br /><br />“We have to shoot all these guys that come to give us lessons,” he said. “I believe that’s the real combat of our society. We, the actors in the real economy, must regroup so that we won’t be eaten up by these guys.”<br /><br />"It wasn't the Italians that threw out Berlusconi, it was the ratings agencies. That's not normal. And it's not normal either that Monti was ‘non-elected’ by the ratings agencies. We have to master our own destiny once again. That’s the job of all of us.”<br />http://www.zerohedge.com/contributed/french-ceo-about-ratings-agencies-%E2%80%98we-have-shoot-all-these-guys%E2%80%99?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-49107534040743133652011-12-29T16:36:47.858-07:002011-12-29T16:36:47.858-07:00the COT really tells the story on this one along ...the COT really tells the story on this one along with the trenchant comments of the ever prescient Mr. Grayerz. As an equally astute observer Stewart Thompson impressed me with his observation that the unusually long commercials have gathered together gold, silver and euro feathered friends in their hands leaving the spec hedgies to gather their dollars and T-bills in the bushes. but what the hell, even Jim Sinclair seemed a bit twitter pated about this latest lockdown. It really doesn't help when idiots like Max Keiser predict a Comex bust and a several hundred dollar parabola in Au in December (yes, he did!). along with so many others who have benefitted from the steady and balanced <br />analysis at this site, I'm wishing Dave and TGT the best in the coming cataclysms. Cheers!yardfarmerhttps://www.blogger.com/profile/04808517700285973637noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-7837862097421016882011-12-29T15:03:46.289-07:002011-12-29T15:03:46.289-07:00PS Did you all catch this humdinger?
"Pass t...PS Did you all catch this humdinger?<br /><br />"Pass the Kool Aid. Seriously, I loves me the kool aid."<br /><br />It's so timely and right on.<br /><br />http://bratscal.blogspot.com/2011/11/king-world-news-pass-kool-aid-seriously.html#comment-formEuropean Americanhttp://www.flickr.com/photos/54175126@N06/5477604073/lightbox/noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-4232463848891775132011-12-29T14:59:26.481-07:002011-12-29T14:59:26.481-07:00"...and need the encouragement of someone who..."...and need the encouragement of someone who's lived through it before"<br /><br />No one has ever ventured into the unknown landscape that we are about find ourselves in. Never, ever. There's no map, no book, no inertial guidance system designed to take you by the hand and safely and securely make sure you end up in one piece at the other end. (I still can't believe people aren't getting this) DENIAL is no longer an excuse and kicking that proverbial "can" (we've heard that cliche enough times by now; printing more moola) is only going to delay the inevitable pain that's waiting so patiently for itself to be felt, a few moments, days, months from now.<br /><br />For those who think that that light up ahead, (you see it up there? looks like a very bright star?) is the END of the tunnel? Sorry my friends, no, no, no, no, no, that is not the end of the tunnel, that is the beginning of a very lit up landscape filled with headache, angst, self doubt and Beklemmung. It's lit up cuz it's filled with Fire, and it's a catastrophic, high intensity, "Bleacher" fire. (A Bleacher fire is commonly understood in the wildland firefighting world as a fire that is so fricking hot, so unbelievably out of control, so uncontainable, that the firefighters have to sit and watch it from the bleachers, sometimes for a few days, because they don't want to go up in smoke),<br /><br />Do you remember that scene in the Stanley Kubrick movie Spartacus, with Kirk Douglas, where the gladiators are being trained, and there are these devices; a vertical round pole with a 6 foot blade coming out horizontal about a foot up the pole and another one, on the opposite side, about 5 feet up, also horizontal? The pole is spinning around so the blades are doing the same thing, like a propeller facing up. The gladiator trainee is jumping one moment and ducking the next. Well, imagine those devices going twice as fast and situated everywhere you normally find yourself. Get the picture? See what's coming. It's an illustration, but one that most assuredly will be on that landscape at the end of the tunnel coexisting with the bleacher fire. <br /><br />Folks, this is new territory for everyone. Not just the finance world of; "investing" extra bucks to make a few more bucks. This new territory crosses all the lines; Economics, Society, Environment, and will end up in the center of your living room and there won't be any bleacher for you to sit in, any doctor there to comfort you, any pill to make things all better. <br />You'll be on your own. Yes, you'll have your stacks for the long term. But in this interim period best to learn how to take care of oneself without those amenities we, as a spoiled culture, thought would never cease to keep us comfy.<br /><br /><br />"We're dying out here..."<br /><br />Not yet folks, but that reality is coming, very very soon.<br />Got non-gmo, organic food and body armor?<br /><br />PS Thanks Dave for a venue to share our mutual cognitions.European Americanhttp://www.flickr.com/photos/54175126@N06/5477604073/lightbox/noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-59714962247414052122011-12-29T14:58:26.898-07:002011-12-29T14:58:26.898-07:00Presidential Candidate Ron Paul Slams SOPA
A few ...Presidential Candidate Ron Paul Slams SOPA<br /><br />A few days before the election circus in the US will start with the Iowa’s caucus, presidential candidate Ron Paul made a comment on the pending SOPA bill<br /><br />“They want to take over the Internet,” he said.<br /><br />“Can you imagine how much we’re going to be curtailed in the spreading of out information if we lose the Internet?”<br /><br />Paul says that while SOPA is claimed to stop piracy, it’s mostly going to invade the privacy of citizens and restrict their freedom.<br /><br />http://torrentfreak.com/presidential-candidate-ron-paul-slams-sopa-111229/?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-89232381899910731442011-12-29T14:52:56.102-07:002011-12-29T14:52:56.102-07:00Thanks Dave for posting this because we were feeli...Thanks Dave for posting this because we were feeling like we were taken to the woodshed not the couch. As a gold bug I'll just have to keep adding to my stash.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-10963400361956526172011-12-29T14:36:17.631-07:002011-12-29T14:36:17.631-07:00That's a great chart on the miners bearish num...That's a great chart on the miners bearish number, wow thats nuts!EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-16821836633475747572011-12-29T13:42:35.937-07:002011-12-29T13:42:35.937-07:00Silver is a slam dunk to hit $1000 per ounce in th...Silver is a slam dunk to hit $1000 per ounce in the next five years. A mortal lock.<br /><br />Since I think the manipulation is far from over, and the economic crash is still three years away, it would not surprise me a bit if it hits $12 per ounce before it hits $1000.Proximonoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-35130352184079892922011-12-29T13:09:36.073-07:002011-12-29T13:09:36.073-07:00Of course the CNB-asS Slime Money Five on FastMone...Of course the CNB-asS Slime Money Five on FastMoney were counting their fiat casino chips and gleefully proclaiming how rich they were in Zimbabwe dollars for having shorted gold. Geniuses!johnrandinoreply@blogger.com