tag:blogger.com,1999:blog-7982981413278241287.post4258619718769112993..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Economic Reports Fall Hair-Raisingly Below Expectations...QE3 Expectations Go Up A NotchDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7982981413278241287.post-55388776279281795562011-05-19T21:42:34.456-06:002011-05-19T21:42:34.456-06:00Agree in theory, but the seasonal weakness of prec...Agree in theory, but the seasonal weakness of precious metals may well combine this summer with further deceleration of the global industrial economy to induce a further move into paper rather than tangibles. This is a necessity to allow TPTB to continue to fund the enlarged govt at acceptable interest costs."DoctoRx"https://www.blogger.com/profile/07864962793726539567noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-62522200061701791802011-05-19T19:06:56.896-06:002011-05-19T19:06:56.896-06:00An Interview with Hugo Salinas Price on a Return t...An Interview with Hugo Salinas Price on a Return to a Silver Mexican Peso<br /><br />TDV: OK, this clarifies things a lot. So, your goal here is not to<br />fully back the Peso with silver.<br /><br />HSP: Yes, as I said before, I am NOT for "backing the Peso with<br />silver". I am striving to have a single silver coin, the one-ounce<br />pure silver "Libertad", MONETIZED by means of a monetary quote to be<br />issued by the Central Bank.<br /><br />The Government of Mexico, just like the Governments of every single<br />country in the world today, allows the Central Bank to inflate the<br />money supply through the banking system. Not one of the world's<br />governments is ever going to willingly stop inflating!<br /><br />The monetized one-ounce pure silver "Libertad" will provide an<br />excellent refuge for savers who want to preserve the value of their<br />savings for their old age, for the education of their children, or<br />simply to eat when hard times strike. It would be the first and (for a<br />time) the only true alternative money in the world of the 21st<br />Century.<br /><br />http://news.silverseek.com/SilverSeek/1305814136.phpAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-66956906051830811022011-05-19T18:19:08.053-06:002011-05-19T18:19:08.053-06:00My point is that I think the metals market may rec...My point is that I think the metals market may recover and move higher a lot more quickly than after previous price-smashing Comex open-interest liquidations AND the availability of physical silver at these prices is wearing thin.<br /><br />---<br /><br />100% Agree. I think the price of gold and silver keeps going up and heats up going into the summer and winter. I think seasonality is a past-time as we are nearing the end of the current global reserve currency... and gold and silver will not "dwindle into the summer" instead keep moving. The cat is out of the bag and there is no putting it back in.<br /><br />A fantastic article, very very well put. Your mission and mine are much alike.<br /><br />Cheers,<br />Ron Paul 2012Scottj88https://www.blogger.com/profile/11121745511581903544noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-28753073522868133912011-05-19T11:37:01.151-06:002011-05-19T11:37:01.151-06:00Its apparent we will wash-rinse-repeat with a rela...Its apparent we will wash-rinse-repeat with a relapse into "recessionary fears" at the end of QE2 and that will bring on Queezing 3. Remember "Queezing" is where bloody vaporous dollars waft out of Ben Bernanke's tuchostal membrane.<br /><br />Its is sad that Ben has disallowed historic economic cycles. I argue that a deflation of financial assets should follow the enormous loss of wealth we just had in 2000- 2003 and then 2007 through present. The cleansing of bad debt reduces debt service, and allows a fresh start in a real economic recovery. At the same time, consumers (whose wealth was destroyed by the banksters) get a small benefit in the reduction of prices. Ben's refusal to allow any economic benefit to accrue to savers, or wage earners will now come back to bite him. He has pushed the envelope to the limit, $4 gas and doubling of food prices have now injured the "dead-consuner-walking" to the point where it is being priced into stocks.<br /><br />Stocks topping = QE3 rising. Something has to take the place of the lost consumer demand. But the financial asset inflation and the dollar debasement will not serve the saver or wage earner... only their masters will be improved. Yes, we the people accept this. And, I guess we deserve it until we stand up and fight.<br /><br />I'm horrified when I realize Ben's intent and commitment to Zimbabwification. <br /><br />Ben and friends will do another round of Queezing. And they will further injure the wage earner and retired saver past the point of recovery. Then the fun will start.john of R&Inoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-24568892593980716212011-05-19T11:25:33.566-06:002011-05-19T11:25:33.566-06:00'Experts' who say that there will be growt...'Experts' who say that there will be growth due to the rebuilding effort in Japan need to be educated on "The Broken Window Fallacy". <br /><br />I do think there'll be more QE, but I don't see it immediately after QE2. There may be some relative strength for the dollar because of the intensifying Euro-zone crisis. Countries like Belgium, Italy and Austria haven't woken up to their fiscal situation yet. They will inevitably.austrian_manhttp://libertyingold.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-37651165935021864232011-05-19T11:18:18.524-06:002011-05-19T11:18:18.524-06:00On the QE 3/whatever:
You know I like to keep thi...On the QE 3/whatever:<br /><br />You know I like to keep things simple.<br /><br />So, if we had a lack of 3rd party buyers of Treasury debt already (and continuing) how come so few really see that we cannot fund entitlements, defense (even if cut back a little) and interest and running this country (which now includes going postal so to speak) without the Fed (or whatever the hell they do) buying most of the issuance needed to keep the doors of this country open.<br /><br />And I guess the Treasury and Fed mavens kind of forgot the Illinois situation where not funding the pension sdue to cash shortages does not work out to well-oh, I forgot our President was a State Senator in Illinois and thats how he learned what he knows. <br /><br />(I love being sarcastic)Halnoreply@blogger.com