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Great information Reggie, Many Thanks :))
Reggie one question to you : suppose you are right on the arithmetic and wrong on the politics; how long can the political show hide the fact under the carpet given the fact that every currency and every sovereign state worth the state is telling lies. We are now in 1931... and nobody wants to admit he is naked.
All eyes on the most beautiful place on earth: France. Given Fukushima and France's total reliance on nuclear power and obviously what you have been saying for since Day One Reggie and the speculators have The Republic in the cross hairs and probably have for some time. Given "power politics" trumping all else these days (does anyone care about beauty anymore?) and "reports of 1940" on Seeking Alpha and I fear for one of our great allies and friends.
The PIIGS is a failed script and the fundamentals are not there. The U.S. will be the next in trouble
Reggie, great stuff. You should go back on Fast Money and tell that ass who runs Sky Bridge Capital to load up on this great "value play". lol
Always good stuff...
For some reason, you remind me of the guy on the Right Guard commercial...
well done post reggie, It's a bit more profesional sounding without some of the "chest thumping". Sorry if the term is insulting, that wasn't my intent, just lack of a better word (self promotion perhaps? ). When you are a key note speaker or on TV, the links and video do the work for you so commentary is excessive.
Glad to see you getting back to sticking to technicals. What is your prediction regarding when all the "mark to unicorn" accounting comes to an end? The way I see it, things will continue to crash so long as true price discovery is being blocked by essentially everyone in "control" of the financial sector and government. More directly, please comment (from a technical perspective) on what happens to precious metals (both physical and paper futures) when the world forces a de-facto gold standard upon all markets in lieu of extending "mark to unicorn" forever. People in my neck of the woods already interested in trading coins and PMs for services. For example, I am running another sewer line on one of my properties and all those involved want cash or coin for their services.
The way I see it, despite the current financial repression being implemented by TPTB, true price discovery will find its way back to the real economy one way or another, and that is all that matters when one is in the business of making things of real value (unlike the financial fucknuts that claim almost 30% of America's GDP - another topic altogether that is NOT sustainable and will not end well).
Many local farmers very interested in taking cash and coin for services. Now where in the history of the western world have I seen this occurring and what followed? Hhmmmm.
Reggie, everytime I read your articles, I feel like I am taking a final exam in thermodynamics using a slide ruler and after a night at the frat house with their "buy one, get five free" drink special. I long for the Cliff Notes version or send me back to DTCC school.
'buy 1 get 5 free' thnx made me laugh w/ that1
Sometimes it's hard to see the scope of theft when there has been so much legislation, accounting changes, and financial "products" added to the system.
Economic and financial concepts are really quite simple, once you eliminate the bamboozlement and misdirection.
Robo gets wet over a dead cat bounce in a bear mkt.
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