tag:blogger.com,1999:blog-7982981413278241287.post5767494106269815728..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: The Economy Is Starting To Free-Fall: Housing, Autos, RetailDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger23125tag:blogger.com,1999:blog-7982981413278241287.post-76879849261754547772014-02-11T10:37:29.667-07:002014-02-11T10:37:29.667-07:00I agree with this post.I agree with this post.Anonymoushttps://www.blogger.com/profile/10029201539401303585noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-59970547654181563942014-01-15T16:29:49.496-07:002014-01-15T16:29:49.496-07:00Add in the derivatives that the big banks own, wit...Add in the derivatives that the big banks own, with the derivatives market estimated at a value of $1.2 Quadrillion, and you finally see the stone cold truth there ain't no way in hades the banks are or ever will be solvent. maybe this is why Buffett called derivatives "financial weapons of mass destruction" if one goes the whole shebang goes, with a BANG! JMR777https://www.blogger.com/profile/03538238702295526065noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-58310348732114212002014-01-15T10:39:27.714-07:002014-01-15T10:39:27.714-07:00Great point. I am in Maryland too and even wash dc...Great point. I am in Maryland too and even wash dc is starting to feel the painAnonymoushttps://www.blogger.com/profile/15349911488213898157noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-48117151881707147952014-01-15T10:37:37.900-07:002014-01-15T10:37:37.900-07:00You are so correct. The Chinese already have claim...You are so correct. The Chinese already have claims on all gov't owned lands and parks and our natural resources. This is the collateral so 48 percent of Americans can avoid working. They will call in their loans before Obama finishes his second term. I doubt if we go through another charade of an election unless the Chinese think that it will please the sheeple in America to pretend we are still freeAnonymoushttps://www.blogger.com/profile/15349911488213898157noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-27042515127691446812014-01-15T10:29:46.707-07:002014-01-15T10:29:46.707-07:00Obama has, as planned, put the nail in the proverb...Obama has, as planned, put the nail in the proverbial coffin. He is the best politician this country has ever seen, makes the Clintons look like amateurs. He wantsj to focus on the economy as he strangles it through more regulations and gov't control. He has mastered the Orwellian term of doublespeak and there is still 40 percent of the population that think he is a messiah. America will be in WW III OR WE WILL HAVE a currency collapse or devaluation this year. All the scenarios are not good but the absolute best we are looking at is a devaluation. Martial law is coming, get out of the cities. The time is short. This is the best we can hope for.<br /><br />Anonymoushttps://www.blogger.com/profile/15349911488213898157noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-67790431579887453442014-01-15T09:51:26.911-07:002014-01-15T09:51:26.911-07:00they are not solvent yet because there are near $1...they are not solvent yet because there are near $1 Trillion in fines still to be imposed on the financial industry... only after these fines are unwound, likely in 2015-2016 will the QE programs begin to be realistically unwound too<br />thats just my viewAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-85106282101685442872014-01-15T09:05:40.774-07:002014-01-15T09:05:40.774-07:00Physical gold, the safest asset in an unsafe world...Physical gold, the safest asset in an unsafe world”<br />15 January 2014<br /><br />He presents some very interesting graphs showing why US debt can never be repaid. Egon also explains why risk is greater than ever and that the likely consequences will be QE to infinity and a depressionary hyperinflation.<br /><br />http://goldswitzerland.com/gold-will-reign-as-currencies-stocks-and-bonds-collapse/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-43039134284075660852014-01-15T07:25:41.474-07:002014-01-15T07:25:41.474-07:00Yardfarmer - what I am about to type is pure conje...Yardfarmer - what I am about to type is pure conjecture but it startled me when I put the pieces together some two years ago. Back then while in between my real jobs I drove for a car limo. svc. . While doing so there were a number of young ambitious Chinese peeps who were actively working in the states or going to colleges and universities. All of a sudden it dawned on me could these Chinese citizens be laying the ground work for a peaceful takeover of OUR soil while most of America is sleep walking!?!!<br />What a startling fact to back up my theory when I discovered what the Chicom's (as you stated ) were up to ! http://www.rightsidenews.com/2013120633557/life-and-science/culture-wars/chinese-want-to-spend-billions-constructing-a-600-acre-china-city-in-new-york-state.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-5719089579061129762014-01-15T07:18:54.824-07:002014-01-15T07:18:54.824-07:00For Prime Minister Cameron Re. LBMA Gold Trading
...For Prime Minister Cameron Re. LBMA Gold Trading<br /><br />Because gold is an asset unto itself (it is nobody's liability) and because gold lies at the heart of the financial system, the disappearance of gold liquidity or gold flows due to continued price control will signal financial system crisis causing a subsequent rush to secure other real assets, disruption of both the global bond markets and of currency functionality.<br /><br />Mr. Cameron, you must act quickly to reform the LBMA. Consequences of not acting are world financial system turmoil.<br /><br />Individuals worldwide are watching and noting the activities in the UK gold markets and their consequences to the world's financial system.<br /><br />Physical gold is, as we speak, being rapidly withdrawn from the financial system and, because there is limited gold available, you have only a limited time to act to disallow levered gold instruments and ensure only real trading of gold on the LBMA so that gold flows are maintained in the financial system.<br /><br />In 2014, physical gold exchanges are, in addition to the already extant Shanghai Gold Exchange, scheduled to start trading in Moscow, Dubai, Singapore, Thailand and South Korea. These markets will provide a further source of demand for Western gold given continued containment of gold's price and this essential financial asset will be further stripped from the West's financial markets and disappear into the East depriving the West of this critical stabilizing asset from our financial system.<br /><br />http://www.safehaven.com/article/32394/for-prime-minister-cameron-re-lbma-gold-tradingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-18377418978152291942014-01-15T07:07:22.585-07:002014-01-15T07:07:22.585-07:00So, how are the rich going to protect themselves? ...So, how are the rich going to protect themselves? Calvo, who does business with millionaires and billion dollar hedge funds, says, “A year ago, a third of the room would say buying gold and silver was just kind of crazy. Today, you have half of the room investing much more than 10 or 15% of their portfolio into physical gold and silver. To me, that is a big signal.” <br /><br />http://usawatchdog.com/half-of-every-mortgaged-home-in-america-still-completely-underwater-fabian-calvo/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-20894242729813667102014-01-14T21:36:15.538-07:002014-01-14T21:36:15.538-07:00Calling a bottom in the market? Bold. I know less ...Calling a bottom in the market? Bold. I know less than 1% of what you know, but sure seems like this can be dragged out much longer to support the dollar. Very few thought they could drag it out this long, so who knows what they have planned. That said, hope you are right. <br /><br />I know two people in different metro areas with jobs that rely on home construction/remodel that were laid off last week. Last spring/summer they could barely keep up with demand. I see all these expensive new housing developments all over the west coast from my work travel driven by baby boomer 401K/real estate boom money and I can't help but think who will buy these houses 10-20 years from now, unless the prices drop drastically. There is no way my generation will have the money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-14284268784613312822014-01-14T20:44:36.936-07:002014-01-14T20:44:36.936-07:00Year over year comparisons of mortgage origination...Year over year comparisons of mortgage originations from Wells Fargo and JP Morgan Chase support everything you're saying. The 60% decline in mortgage funding is pretty telling, as is the composition of refi vs. purchase volume:<br /><br />http://blogs.marketwatch.com/thetell/2014/01/14/the-end-of-the-mortgage-party-home-lending-plummets-at-wells-fargo-j-p-morgan-chase/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-4177480154447401912014-01-14T20:43:14.711-07:002014-01-14T20:43:14.711-07:00Hedge Funds Hit With Biggest Net Outflow Since ...Hedge Funds Hit With Biggest Net Outflow Since '09 <br /><br />Investors fled from hedge funds en masse last month, with the industry suffering its biggest net redemptions since the height of the financial crisis.<br /><br />The SS&C GlobeOp Capital Movement Index, which measures net hedge fund subscriptions or redemptions, fell 3.56% in December. The reading was the index's worst since September 2009.<br /><br />December's withdrawals all but wiped out last year's net inflow into hedge funds; the SS&C index rose just 0.16% last year.<br /><br />December frequently sees a large outflow from hedge funds, as investors move to rebalance their portfolios. But last month's redemptions were much higher than December 2012's: A year ago, the index dropped just 2.61%.<br /><br />The increased redemptions could be due to hedge funds' massive underperformance last year. The SS&C GlobeOp Hedge Fund Performance Index rose only 12.32% last year after adding 0.72% in December. The Standard & Poor's 500 Index soared 30%, and the MSCI World Index about 24%.<br /><br /><br />http://www.finalternatives.com/node/25833<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-38716421895355883322014-01-14T20:37:25.004-07:002014-01-14T20:37:25.004-07:00N.S.A. Devises Radio Pathway Into Computers
The t...N.S.A. Devises Radio Pathway Into Computers<br /><br />The technology, which the agency has used since at least 2008, relies on a covert channel of radio waves that can be transmitted from tiny circuit boards and USB cards inserted surreptitiously into the computers. In some cases, they are sent to a briefcase-size relay station that intelligence agencies can set up miles away from the target.<br /><br />http://www.nytimes.com/2014/01/15/us/nsa-effort-pries-open-computers-not-connected-to-internet.html?<br /><br />makes you want to go out and buy a computer, eh?:)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-42817804263845067312014-01-14T14:10:28.320-07:002014-01-14T14:10:28.320-07:00Here in Maryland bars can still be packed. But cr...Here in Maryland bars can still be packed. But cracks are becoming visible. An ice cream plant had 1,600 applicants for 37 jobs (see Michaels post at theeconomiccollpaseblog.com). My buddy says his son cannot find a part time job. What is funny is he says he can't understand why that is, when I've been telling him for a few years the big economic downturn is still coming. Normalcy bias is as powerful in these sheeple as a crack addiction. One last thing - the Money Bubble, just released by James Turk and John Rubino has recent data and is a good read for those who may be interested!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-58382964112543690632014-01-14T13:57:28.156-07:002014-01-14T13:57:28.156-07:00Just curious, why aren't the banks finally sol...Just curious, why aren't the banks finally solvent now, with the fed buying their toxic MBS assets from them and their $ 2 trillion plus of free money earning interest from the fed in the form of excess reserves parked there?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-91438831581778529692014-01-14T12:06:10.051-07:002014-01-14T12:06:10.051-07:00The problem for me - and maybe I'm alone in th...The problem for me - and maybe I'm alone in this, but I doubt it - isn't seeing the opportunities, and it's not even a case of doing the research and finding the undervalued companies, it's knowing that no matter how much info one has, and how correct one might be about the investment premise, the game seems entirely rigged. Your fund is your business, Dave, so no matter what you think of the market ethically you're going to stay active and invested in some capacity and manner. But me, after 20+ years of active investing, including a stint as a broker for Merrill, and an MBA, the only thing I'm sure of is that if the wrong people don't want the sector I'm invested in to go up, it's not going up. Maybe that's way too jaded and pessimistic, but that's how it feels. So I invest in my own small but successful business - it seems to be the one thing I can control. Maybe I"m missing the boat - maybe the fact that the paper gold market is manipulated has no bearing on the market for gold mining equities, and maybe the market for gold mining equities is a more fair and level playing field. Ericnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-62706163290653325252014-01-14T11:54:13.280-07:002014-01-14T11:54:13.280-07:00with managed money now on the long side in Au/Ag C...with managed money now on the long side in Au/Ag COT, it can scarcely be imagined that JPM et al. are going to continually undermine their own positions. in the metals we are witnessing a slow grind back up in a noticeable stair step pattern. meanwhile the criminals cover and book profit from their diminishing shorts with these increasingly weak raids. there will be no more elevator down drops. believe it or not there are certain fundamentals which the cartel itself cannot ignore any longer and the stair steps back up seems from my limited perspective the template for a methodical and fundamental revaluation and reset in the metals. meanwhile it's estimated that more than $1,000,000,000,000 was made over the past year by the bullion banks with naked shorts. where do you think all those profits are going. and why do you think the Chinese are now the proud owners of the Chase vaults at One Chase Manhattan NYC for the ludicrously low amount of $725 M. http://therealdeal.com/blog/2013/10/18/jpmorgan-sells-1-chase-manhattan-... this is just the beginning of collateral repossession by the Chicoms all across the US. probably negotiated by Hillary Clinton in her last visit. look at Detroit, upstate NY, and numerous other "Chinese enterprise zones" across the US. the good news is you will probably get true price discovery in Au/Ag. the bad news is it will take place under Chicom overlords. and, no, this isn't 1980 and Japan all over again. we're screwed.yardfarmerhttps://www.blogger.com/profile/04808517700285973637noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-66714470102047798222014-01-14T11:06:57.756-07:002014-01-14T11:06:57.756-07:00Anyone who is really smart and wants to make a lot...Anyone who is really smart and wants to make a lot of money Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-30948098548061442072014-01-14T10:12:05.739-07:002014-01-14T10:12:05.739-07:00All you have to do while in any retail store is lo...All you have to do while in any retail store is look at peoples faces and see the anguish. I was shopping at a Wal-Mart Sunday picking up travel size toiletries and it just pained me to see people having to make choices between clothing and food. I have never seen so many items just dropped by the register due to people realizing that they could either not afford the item(s) or just deciding at the last minute to put off the purchase. America I.M.H.O. has never looked worse. If people cannot afford everyday items at Wal-Mart then we as a nation are truly hitting bottom.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-68406106537546329752014-01-14T08:33:43.692-07:002014-01-14T08:33:43.692-07:00dave,
given your opinion of American spending...a...dave,<br /><br />given your opinion of American spending...as in not much ...Who and How will buy into the underwater mining stocks..<br /><br />thanks<br /><br />danAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-4093424700773204812014-01-14T08:03:56.098-07:002014-01-14T08:03:56.098-07:00Great stuff as usual Dave. The rhetoric is finally...Great stuff as usual Dave. The rhetoric is finally crapping out. I really underestimated the power of propaganda and denial. R. Bart Cobbhttps://www.blogger.com/profile/18194114771753073402noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-65666684595647845352014-01-14T07:48:23.826-07:002014-01-14T07:48:23.826-07:00late 2008 all over again.
On the weather related ...late 2008 all over again.<br /><br />On the weather related cause of slowdown-in Chicago, the day before the cold settled in you could hardly get into a grocery store. Parking spots taken, long lines, shortage of carts. <br /><br />In addition to the PM sector seemingly turning up, so is the BS index.Halnoreply@blogger.com