Monday, November 14, 2011

It's Tebow Time In Denver...

Gold bless


  1. LOL. Too busy with the market to do a substantive post. Hopefully later this afternoon.

  2. You ever get the feeling now, when you watch a game, it's like "Deja Vu" from Ground Hog Day, I've seen this before and it's getting old? Juxtaposed with the overlay, that the same people who run the Big Show, have corrupted everything they've touched and sports in general have been massively tainted. Having been on both sides of that sporting world, the viewer and the viewed, I'm happiest when I'm out tilling the garden or feeding the chickens. That "other" world is just a Bull Shit fraud now. It just oozes off the 'set right into the mind. Slows down the reaction time. Speeds up the aging process. Pulls one away from what is Real.

    No matter how one tries to buff it out, that old sheen is gone. We have entered a whole new world and we aren't going back...Ever!

  3. (Dave)

    EA - the friend who dragged me into the pm sector 10 years ago recently sailed away from this country in an $800k boat he bought for $225k and refurbished with a place to hide a lot money in silver and gold bullion, advanced firearms and ammo (kevlar piercing stuff) 3 Apple computers, a long supply of food and a sattelite phone. he called me about 3 weeks ago and said he'd call me in a couple months on his sattelite phone. He took his wife, 2 kids (who totally understood why they were doing this) and also had 2 sea kayaks on board...

  4. Dave

    Your friend, which I envy, is right up my alley. I've been looking at a rather pricey boat (sailboat built in Finland called a Nautor Swan), but what would I do with my two Pyrenees, the chickens and my favorite BCS, made in Italy, tiller? I guess I'd have to make it a real "poop" deck, if I were to take them along. I'm thinking about it, though. The funny thing is, even though I have a number of exotic destinations in mind, I kind 'a want to ride out the storm here, right in the eye of it.

  5. Martin Armstrong - Gold Upside Take Off Only Months Away

    “There is no plan B. I can tell you, I was speaking to people in Congress who asked the Fed directly, ‘Do you have plan B if Europe falls apart?’ And the answer was, ‘We don’t think that’s going to happen, so, no, we don’t have plan B.’

    On the US side, the talk is, ‘Let’s tax the rich and cut some social programs. You can cut all of the social programs completely and you can take all of the money you want from the rich, but you still have to pay and service the debt. And right now almost 70% of the entire national debt is interest.

    The way it’s going, eventually 100% of everything the government spends will go to interest and then how is it going to function? This is a classic, historical moment. I don’t want to get people scared because I don’t think we will get to that point, but this is like the fall of Rome. That’s how serious things are.

    They have borrowed year after year with no intention of paying it back. The US had $1 trillion of debt when Ronald Reagan took office in 1980. We are now pressing $15 trillion of debt.”

    When asked about gold, Armstrong responded, “Basically what you are doing is you are building a sideways type of base. Eventually gold is going to take off to the upside, but largely when people begin to see the Emperor has no clothes and we’re getting close to that. I would only give it a few more months.”

    "They have borrowed year after year with no intention of paying it back." imitates life

  6. Timing Questions Emerge on MF Global Cash

    "As long as the trustee is sitting on a pile of cash he obviously intends
    to use it for administrative expenses and legal fees. And legal fees
    can be huge (amounting to over a billion dollars in the Lehman Brothers
    bankruptcy case). So the trustee will string this out for as long as he
    can while the company's customers wait and wait for the money that
    rightfully belongs to them. It's what can happen when former Goldman
    Sachs traders get a hold of a company. Insider trading and ripping off
    clients and customers is their specialty."

  7. They can clear Zuccotti Park but they can't stop the looting...

    Fannie, Freddie executives score $100M payday post bailout

    Mortgage finance giants Fannie Mae and Freddie Mac received the biggest federal bailout of the financial crisis. And nearly $100 million of those tax dollars went to lucrative pay packages for top executives, filings show.

    The top five executives at Fannie Mae received $33.3 million in 2009 and 2010, while the top five at Freddie Mac received $28.1 million. And each company has set pay targets of as much as $17 million for its top managers for 2011.

    That's a total of $95.4 million, which will essentially be coming from taxpayers, who have been keeping the mortgage finance giants alive with regular quarterly cash infusions since the Federal Home Finance Agency (FHFA) took control of the companies in September 2008.

  8. How true....

    OWS NY Overrun! In Middle of the NIght

    I stand with OWS against the tyranny that has become in the United States. The movement may have been ejected in the middle of the night but it will stand. Criminals act under the cover of darkness so that they can conduct their criminal deeds with out any one noticing and such is the case tonight .Mayor Bloomberg somewhere between 1 AM and 2 AM in the morning he decided that it was time for him to rid the city of the occupied Wall Street movement by ejecting them from quote liberty Plaza right near quote freedom Tower in Zucotti Park. These few people were such irritants to the function of the city that they need to be removed in the middle of the night that no one would notice their loss and no one would notice. The draconian action of this dictator mayor designed to avoid the news cycle such is the bravery of the so-called mayor who was able to elect himself to a third term in office a third term against the very laws established by the city prevent dictatorship from occurring. Bloomberg was able to use and peddle his influence to bend the rules in his favor to his ego the same type of ego which John Corzine Sen. and governor New Jersey at the seams, and with client monies from MF global this same evil and ego which senators and congressmen used to claim your pockets with the money and bounty from insider trading done on information which they have through their station in office this system is that of Ray is: who certainly from a financial crisis and economic crisis of the past to a physical breakdown crisis of the future for our system infuses money with well and therefore it will not happen the work because it lacks the ability to allocate talent to current and future needs how many of these criminals financial analysts and lawyers could've been productive scientists and researchers how many thousands of them are better than Wall Street and Washington making laws to their own advantage ejecting protesters from peaceful resistance. They will, and our day is number four we will no longer tolerate their presence in office it is an abomination to the American system to a republic to a free society

  9. skim milk?

    Big Banks Turn Unemployment Benefits Into a Profit Center

    And if you needed any more of a reason to move your money, consider that many firms, such as Bank of America, have turned the truly indigent into profit centers, by making money off of debit card fees for unemployment benefits.

    Shawana Busby does not seem like the sort of customer who would be at the center of a major bank’s business plan. Out of work for much of the last three years, she depends upon a $264-a-week unemployment check from the state of South Carolina. But the state has contracted with Bank of America to administer its unemployment benefits, and Busby has frequently found herself incurring bank fees to get her money.

    BofA isn’t alone in this practice. US Bank, Wells Fargo, JPMorgan Chase and others have seized control of public benefits in the states, forcing beneficiaries to use their services. And if those banks aren’t available in their areas, or even if they are, they get hit with fees.

  10. Dave keep up the good work...

    "Never be afraid to raise your voice for honesty and truth and compassion against injustice and lying and greed. If people all over the world would do this, it would change the earth."
    -William C. Faulkner

  11. Gadhafi’s Gold-money Plan Would Have Devastated Dollar

    And it literally had the potential to bring down the dollar and the world monetary system by extension, according to analysts. French President Nicolas Sarkozy reportedly went so far as to call Libya a “threat” to the financial security of the world. The “Insiders” were apparently panicking over Gadhafi’s plan.

    "Any move such as that would certainly not be welcomed by the power elite today, who are responsible for controlling the world's central banks,” noted financial analyst Anthony Wile, editor of the free market-oriented Daily Bell, in an interview with RT. “So yes, that would certainly be something that would cause his immediate dismissal and the need for other reasons to be brought forward [for] removing him from power."

    According to Wile, Gadhafi’s plan would have strengthened the whole continent of Africa in the eyes of economists backing sound money — not to mention investors. But it would have been especially devastating for the U.S. economy, the American dollar, and particularly the elite in charge of the system.

    “The central banking Ponzi scheme requires an ever-increasing base of demand and the immediate silencing of those who would threaten its existence,” Wile noted in a piece entitled “Gaddafi Planned Gold Dinar, Now Under Attack” earlier this year. “Perhaps that is what the hurry [was] in removing Gaddafi in particular and those who might have been sympathetic to his monetary idea.”

    “Had Gadhafi sparked a gold-driven monetary revolution, he would have done well for his own people, and for the world at large,” she concluded. “A Gadhafi-driven gold revolution would have, however, imperiled the positions of central bankers and their political and media power-brokers.”

    The creation of a new central bank, even more so than the new national oil regime, left analysts scratching their heads. “I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising,” noted Robert Wenzel in an analysis for the Economic Policy Journal. “This suggests we have a bit more than a rag tag bunch of rebels running around and that there are some pretty sophisticated influences,” he added. Wenzel also noted that the uprising looked like a “major oil and money play, with the true disaffected rebels being used as puppets and cover” while the transfer of control over money and oil supplies takes place.

  12. Keynote Speech At Sydney Gold Symposium 14-15 November 2011 By Alf Field

    A total generational change had taken place so that the survivors had no knowledge of anything other than the desert. There was nobody who could remember what Egypt was like. The Moses Principle recognizes the fact that over any 40 year period, a generational change takes place.

    What has this got to do with gold? Recently we passed the 40th anniversary of 15 August 1971, the date when the last link between currencies and gold was ended by President Nixon. This launched an era of floating “I owe you nothing” currencies. Money was what any government deemed it to be, generally something that the government could create in unlimited quantities. That system, plus the fractional reserve banking system, launched an era of ever increasing debt and credit. It was an era where debt was desirable and money lost its purchasing power.

    Everyone in this room has spent their adult lives living under this system. Most have had no exposure to monetary history or what money really is. The new “Moses” generation will have to re-learn the lessons of monetary history before the world can enter a new era of sound money and stable economic growth. The impact of this generational change will be discussed later.

    The 15 August 1971 was an important date for me personally. I had grown up in South Africa and in early 1970 started a funds management company with a good friend of mine. The first 18 months was a struggle as we were buffeted by a vicious bear market. By August 1971 our clients were largely in cash awaiting the end of the bear market or an inspirational idea.

    That inspirational idea came on 15 August 1971 when I heard that President Nixon had decreed that the USA would no longer exchange US dollars held by foreign governments for gold at $35 per ounce. Gold had limited downside but appeared to have good potential for substantial gain. Gold shares were deeply depressed after 37 years of a fixed $35 gold price, another “Moses Principle” period. We bought gold shares aggressively. This proved to be an astute move and our funds management business was launched on a successful path.

  13. pass around the office...great pictures for the history books

    Let's not make any pretense about what is happening.

    What we are witnessing at Liberty Park and venues all across "Amerika" has nothing to do with damage to public property, fire hazards, threats to public safety and health hazards.

    It is a coordinated attempt to muzzle a movement that is stubbornly and in a very public fashion delivering one simple and concise message: Our crony capitalist system is corrupt to the core and the people are sick and tired. It has nothing to do with communism, socialism, nihilism, anarchism, flower power, collectivism or whatever else the GOP Presidential debate team says.

    It has everything to do with this...