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Euro Passes $1.51 As Gold Surges To $1188/Oz, Dollar Monkeyhammered
The dollar just got the advance Thanksgiving woodshed treatment. In other news, just $12 to go to $1,200/oz.
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I believe deeply that it's very important for the U.S. and the economic health of the U.S. that we maintain a strong dollar. We bear special responsibility for trying to make sure that we are implementing policy in the U.S. that will sustain confidence not just among American investors and savers but investors around the world that the U.S. will fix its budgetary problems as its economy improves." - Tim Geithner
I put Geithner's quote up here again just to echo the fact that the Treasury Secretary of the United States of America is a liar.
Advertising is the very essence of democracy.'
-Anton Checkov
Just for the record, it isn't just Geitner. It is the entire culture. America is intellectually dishonest, politically irresponable and morally bankrupt.
From any objective point of view, we are very, very close to the end of the line in this country.
Well thats pretty cheery. Happy Thanksgiving!
You aren't Les Claypool are you?
(irresponsible is the correct spelling Les)
I hope you don't really think Les Claypool cares about the price of gold (or anything else for that matter).
I don't mean to be overly pessimistic, but take a good look around you. We have the ultimate living arrangement with no future. From our economic and foreign policies to the 40 mile daily commute, do you see ANYTHING in this country that is sustainable?
Just about every aspect of daily life in this country is going to change in the near future.
I think that would depend on who Les has managing his affairs. He is an artist and performer.
We on the other hand are not. Just wondered about your post name.
I agree we are on a totally unsustainable path both financially and socially. And we have been for at least 3 decasdes. Most of the people I know think everything is going to be ok, the "status quo" will be maintained and that I am a crank with too much time on my hands to surf the net.
Nope not a crank and don't have much spare time either.
Why wouldn't a 40 mile commute be sustainable? You don't actually believe there's an energy shortage or AGW do you?
That's just plain looney.
RCL
A revolution will occur in the US in the next 20 years.
Its going to be crazy. The people are currently living a myth, but they will wake up. But it will not be reason that wakes up the goons. No, reason and democracy does not speak with a loud enough voice to wake up the goons. It will be fascism. We see the foot soldiers now, Palin, Fox etc armed to the fucking hilt with machine guns and semi-military vehicles and hating every bit of liberalism and democracy they are shown. It's going to be ugly
Timmay does what he is told. Bernanke is the brains of the outfit.
To quote Way of the Gun "I don't think this is a brains kind of operation"
Thank God they lack the looks and charm of Ryan Phillipe and Bencio Del Toro or this charade might actually go on longer.
1/3 enforcer muscle, 1/3 magician illusion, 1/3 data mining.
You know the fed has access to everyones bank accounts and spending history and preferences etc etc.
Bennie Bernank-ster does what he is told...
Jaimie and Lloyd are the brains of the outfit...
I will overlook the misspelling...My spelling goes down the toilet when I'm realy angry, too.
It definitely sucks, no question, but I believe you are being intellectually dishonest by suggesting that we are,
"very, very, close to the end of the line."
The bad stuff aside, this country has the most good stuff going for it too. No doubt, we're in for a major paradigm shift, but it's rarely all or nothing.
"it's rarely all or nothing."
Which isn't quite the same as saying it's never all or nothing...
Am in China right now (visiting), you know, the place where students laughed in Turbo Timmy's face when he said strong dollar. Believe me, the Chinese 'know what time it is'. Am very impressed by their knowledge and common sense.
the U.S. will fix its budgetary problems as its economy improves." - Tim Geithner.
Clever qualification, that. Sounds almost like a threat, if you think about it.
A cheap punk talking like that, too.
Or maybe it's just his sense of humor, like when an unemployed guy promises the bank that he'll make that house payment just as soon as he gets back to work next week.
the U.S. will fix its budgetary problems as its economy improves." - Tim Geithner.
Stating the obvious doesn't mean it is happening now. I can say the dark falls as the Sun sets at midday FFS.
"The U.S. will fix its budgetary problems as its economy improves." - Tim Geithner.
Why? The government never has fixed their budget problems when the economy improved before...
You are peddling dope, Timmay,
How does the saying go, "You can never be more certain of something than when it has been officially denied."
Altering that saying using the underlying logic and applying it to Timmy's quote we get, "You can never be more doubtful of something than when it has been officially confirmed."
hey now, don't you know you're not supposed to call the powers that be liars? You're supposed to use the word disingenuous. Its not as damning and makes it sound like it was just a mistake or a slight fudging within the bounds.
"...that we maintain a strong dollar" - Timmay
" I'd hate to think what that chart would look like if Geithner didn't think we needed a strong dollar.
Or incompetent ?
Or both a liar and incompetent ?
Yeah, that sounds about right !
just wait until Jamie Dimon is in the chair (I'd take Timmay any day over that dude)
The horror . . . . the horror.
Get ready anynonmous for US Dimon Treasury Inc...
Hail, Jamie,
Lord of Darkness,
King of Hell,
Ruler of the Earth,
God of this World!
This just in: Jesus came down to wake Keynes and told him "what the f were you thinking bro?"
Now back to you Leisman
OUTFRIGGIDDYSTANDING, 10044.
Any word on whether Jesus stopped by 1600 Pennsylvania Ave, too?
wats wrong wit you dude, according to teh media and assholes who can punch a ballot, jesus presently LIVES at 1600 penn
You're absolutely right. My bad.
I had a momentary flashback of rational and objective HOPE...
Timmy is such a dick head and he must be a terrible poker player. I am sure his comrades are nervous watching him lie like an amateur.
We're fucked and there is nothing we can do about it.
How deep do these lies go? What happens behind closed doors between banking institutions, the Fed, Treasury, President, other G20 leaders, etc.?
Is this what Timmy was talking about?
http://static.seekingalpha.com/uploads/2009/4/1/saupload_wa_07106_art.jpg
Little Timmy is killing the $$ and the US economy. The Fed and Timmy are the only ones that can save it and all they want to do is talk about sttrong $$. They're incompetent to say the least. But for sure they want your standerd of living reduced and for the financial sector to make off with any savings you may have tried to stash away.
??????
What is monkeyhammered?
It should be a tag. Where's Lizzy?
It's like getting rabbit-punched in the back of the neck, but instead it's from above, on the top of the head.
Thanks, that makes sense- it is what we use to call the Dusty Rhodes.
Waterdog, this is monkey hammered - enjoy the laugh:
http://www.youtube.com/watch?v=khEPc_0MpgY
This totally has the potential to spiral out of control, but this has got to be my favorite monkey porn..
"Stay off my monkey balls you jive ass turkey!"
http://www.youtube.com/watch?v=a7H9AU5L9Bs
I think a congressional committee needs to ask Turbo Timmy why his strong dollar policy isn't working.
Because they haven't implemented any real policy to strengthen it?
"I believe deeply that it's very important for the U.S. and the economic health of the U.S. that we maintain a strong dollar. We bear special responsibility for trying to make sure that we are implementing policy in the U.S. that will sustain confidence not just among American investors and savers but investors around the world that the U.S. will fix its budgetary problems as its economy improves." - Tim Geithner
It's not lying if no one actually claims (or more to the point "proves") it's a lie. Does anyone actually expect the corporate fawning press to challenge anything Turbo Tax Timmy says? I ask that question with all seriousness.
Let's all face the facts. Pravda and CNBC/CBS/ABC/CNN etc are little different other than American news "repeaters" (I long ago gave up on them reporting anything) have whiter teeth and better graphics displays.
Hammerin' that Fiat:
http://www.youtube.com/watch?v=yDsOKItwDzA
Spin, Bull$shit, Extend & Pretend are finally catching up with these puppet masters. May they rot on their pikes well.
This has nothing to do with the US Dollar. It has all to do with US's expanding economy in China. US Corporations have closed shop in the US and reopened them in Asia. A weak dollar policy is aimed to grow China's industrial footprint and demolish competition everywhere else. This explains why Obama pleaded to the China's government to encourage domestic consumption.
That, my good person, sounds like a conspiracy. And we'll jolly well 'ave none of that round 'ere me chum.
1,5134 now, the whole world is watching this with horror. And the fut isn't even able to tack on one more lousy point for day-high, G-d this is so fucked.
I will abide by Marla's new rules, but is taking a massive shit on the heads of Bennie and Timmy acceptable? Just askin'
Dammit.
I listened to Grand Supercycle and sunk everything I had into DXDBX months ago.
We're due for a dollar rally!!!
</sarcasm>
(Sorry GS for the low blow but couldn't resist. All in good fun. Nothing personal.)
Rusty-
Perhaps you didn't notice the acronym of grand supercycle (GS), perhaps a coincidence, perhaps not.
Rule #10 Never apologize to GS.
I love how they try to take down the dollar when they think no one is watching. Half the office are empty due to the holiday and most won't even look at a computer screen til' Monday. I must say though, I am really enjoying the collapse of the dollar because I bought a great seat on the oil, gold, and silver bus in February of 2009. So let the f!@#er crash. They question now is this: do I curb my greed and sell out now or wait for the DX to hit 71 or lower.
This time it might pay to be greedy a little while longer....
Our target on DX is 68. Enjoy the ride.
The strong-dollar policy dates back to former Treasury Secretary Robert Rubin in the late 1990s. By repeating that "a strong dollar is in the U.S. national interest," Rubin told investors that the Treasury had no plans to intervene in the foreign exchange market to weaken it.
"A strong dollar is clearly in our nation's interest," U.S. Treasury Secretary Henry Paulson
"It is very important to the United States that we have a strong dollar." U.S. Treasury Secretary Paul O'Neil
"It is very important to the United States that we have a strong dollar." U.S. Treasury Secretary John Snow
I believe deeply that it's very important for the U.S. and the economic health of the U.S. that we maintain a strong dollar. We bear special responsibility for trying to make sure that we are implementing policy in the U.S. that will sustain confidence not just among American investors and savers but investors around the world that the U.S. will fix its budgetary problems as its economy improves." - Tim Geithner
“The men the American people admire most extravagantly are the most daring liars; the men they detest most violently are those who try to tell them the truth.” -- Henry Louis Mencken
“All governments are run by liars and nothing they say should be believed.” -- I.F. Stone
But the fearful, and unbelieving, and the abominable, and murderers, and whoremongers, and sorcerers, and idolaters, and all liars, shall have their part in the lake which burneth with fire and brimstone: which is the second death Revelation 21:8
Started pretty good. Then went all voodoo at the end there. What's with that?
What Does the High Price of Gold Mean?
Sean Corrigan
"Eventually, the chickens do come home to roost, even if the misguided actions taken under the influence of a whining collectivism or by reason of naked political cynicism can delay a recognition of the trends and can divert their costs onto unsuspecting shoulders for longer than many who foretell the end can credit..."
"... though it is understandable that gold's long-suffering believers now feel gloriously vindicated, we must temper our present glee with the thought that the rally being enjoyed may be no more than a waypoint on our road to a self-imposed and wholly unnecessary ruin."
http://mises.org/story/2183
What is the all time low for the DXY and how long before we crash through it?
70.70 is the all time low.
The dollar at new low and Dow up only 28. What gives? Are we seeing a de-coupling beginning?
Great conversation right now on CNBC about gold prices. Dude is explaining about why gold is going to continue to run until the Fed raises rates in 2011, and the CNBC anchors are berating him for it...
Awesome.
Or until Interest rates get raised in 2012.
When all the US gold brokers seize up.It's easy to buy gold from India:
http://www.bankofindia.com/viewgoldcoin.aspx
It's not lost on me that the level of ROI from the hammer is diminishing by the hour for equities. Gold/Silver love it though. Why do I have this nasty sinking feeling that momo playaz rushing in to buy at $1199.98 are going to be bag holders for a retrace.
I was thinking the same thing...then recalled that India just snapped up a boatload og gold I believe over the $1K mark. Central banks and retail consumers alike continue to pile in....
It will be very interesting to see how this plays out...
15 minutes ago off the ino wire -
DJ US Mint Suspends Sales Of American Eagle 1-Oz Gold CoinWhat if Black Friday really is a Black Friday? Hmmm......
This is serious shit.. Looks like we are running out of tungston too!
+12.90 - Gold Price Change due to Weakening of US Dollar
+8.10 - Gold Price Change due to Predominant Buying
+21.00 - Gold Price: Total Change
http://www.kitco.com/
Don't sugar coat it for people here Robo - tell us how you really feel!
one of the very rare times that i will let you off the hook for no meat Robo.
seriously, this may be your best picture ever!
Timmay is a tool.
"I am offering, for a limited time only, a majestic bridge located just south of Manhattan, on the eastside of Long Island. I can only accept gold for this transaction, but I am offering a fantastic deal!"
Please Contact TimmayG@whitehouse.gov (ASAP... please!)
im so sad...
awwww, ur so cute though!
Sqworl,
You coughed up the dough for new makeup. yuk,yuk,yuk your beautiful.
Timmys one of the bb boys. He ain't goin nowhere.
why do these people who freak out and start shooting everyone, kill mostly innocent people. when is someone gonna go postal, on a bunch of bankers? I wait hopefully.
Well Boys and Girls, I think this is it, we all know the truth..THERE IS NO RECOVERY we are heading for the abyss. Get prepared anyway you know how..
This is geopol on the east coast of the United States signing off.
WRKO Radio
cover your dollar shorts boys
because.....
Because I'm not Prechter... He couldn't hold my jockstrap. :)
Hi All, I'm new here. $ scarin' s*** out of me. Have food/ammo. What's next? - c
silver coin, refered to as junk silver. pre 64 coinage, sold by the bag and 1/2 bag
I'm banking on you PM-buying folks needing ammo if the $ collapse causes as much civil unrest as I think it will.
The alchemist's dream realized: turning lead into gold.
My USD indicators are still giving bullish warnings and i'm expecting a rally when the Dow resumes it's downtrend.
http://www.zerohedge.com/forum/market-outlook-0