- advertisements -
LOL another summer of recovery - millions of obama jobs - trust us
"deteriorating labor picture" what - thats not what steve liesman said
I've been cautious, not buying the dip here...
I read something interesting in Tyler's post, http://www.zerohedge.com/article/centrist-think-tank-conducts-study-find...
One of his asides; "If there is one margin hike we approve of it is for the CME to hike the margin to 1000% cash in trivial common sense BS." struck me as prescient.
Are the CME hikes a reaction to the possibility of $US default, rather than a COMEX default? There is a possibility that it could be both, which means that all gold and silver will sell for full price, possibly immediately.
Think of the implications if Ron Paul becomes president as well! He has an open agenda to end the FED and abolish the IRS. He is going to have battles with giants who have a lot of people reliant upon the status quo.
All of these issues are directly related to the PM complex. I think that if the US defaults, gold and silver/ US dollar ratio will be re-rated until their true valuation of paper is exposed.
Silver is the only commodity in the world that you can still buy at a discount to its 1980 peak. Every other commodity has left their 1980 paper price behind, in this bull market.
Silver is on fire sale, thanks to the selling pressure of major parties, who have an economical interest in keeping it low. What metric you use to establish fair value is the hard question to answer. Whatever your metric, the nominal paper equivalent is stratospheric.
Jump in, the water's fine!
Argh...Ron Paul will never be allowed to be President. It's much more likely that he is controlled opposition. He's been in Congress for over 30 years. Think about that. 30 years.
Everybody wants a savior. There are no saviors. There is no cavalry.
"We" are our only hope...
Chairman Bernanke confronted by a real journalist; refuses to answer questions at party. Politely tells journalist to fuck off.
imo the most amusing part of the whole charade is the current hand wringing over the deficit that now must be cut during the first end of credit cycle deflationary depression in eighty years.
that would be the same deficit that most of the administrations of the twenty five year expansion (1982 to 2007, with precious little exception) increased during a time of relative prosperity.
got to laugh to keep from crying.
That kid is going to disappear.
He's not even a pimple on their ass.
Here's my personal favorite BB moment:
they are all in love with the debt is money banking system to even think about prior economies
Oh well, here we go back to the Gen. Jackson Days....with a vengeance...
Wow. A must see.
what a moron this guy is. he corners bernanke and the only question that comes to his mind is some conspiracy drivel bullshit?
idiots like this are totally counterproductive and make every sane person who objects bernanke's actions look bad. shut the fuck up and get a real job, you fucking retard!
I take issue with your assessment.
This kid has the balls and the gumption to walk up to a high powered "official", got off his ass and confronted him over issues that he felt important. He took action and all you have is a basement generated statement, deriding his questions. If you have other questions that you would like to have answered, get off you fat, condescending ass and go out and do the same. You will come up with some excuse, no doubt.
Good on the kid. He is a patriot and a trier. It shows that the young folk aren't all asleep. That is heartening. You however need to pick up your game.
What are your questions that you would ask of Bernank. List them big shot. Gutless cunt that you are will only take pot shots at the guy from behind a soubriquet.
I've got two more things to say Go Kid and Fuck You. Someone else is doing your dirty work and you give them a broadside. Fuck you.
If anything this kid is weakening the fight against Ben. His questions were not well thought up at all. As I said in my other response: this dumbass makes himself look like a toolbag when he tried to act smart.
Thank you for sayin this. I agree with you. My favorite part of the video was :58 when security starts pushing him out the door. You could see the Bernank roll his eyes at the kid after he asked he asked about the 2008 Bilderberg meeting. Also he asked about what Ben has done to the economy. IMHO, he should wait one to two years when the real inflation kicks in to ask Ben that question.
Stupid people look like total toolbags (backward Yankees cap) when they try to act smart and rant about topics they know nothing about. Nothing will happen to this kid, if I were Ben I would hire this kid to ask me stupid questions to make it look like the Tinfoil Hat Brigade was getting anything done.
Oh yeah, Right. We should all wait for a few years and watch the world as we know it burn. Another go getter. Let me say this in the nicest possible way.......Fuck you too, champ. Dear oh dear, he had his hat on backwards!
I don't subscribe to his theories either, but at least the kid is doing something, which is more than our sorry asses have done this week. Good for him. Glad to see young people getting it, even if they don't have it figured out 100%. Inspiration, to me.
People say a vote for him is like "throwing away your vote" because he "cant win." I say voting for the lesser of two evils is still voting for evil. Thats throwing away your vote IMHO. If everyone disregarded all the crap spewed from one of our six news empires that own every station and voted for the candidate they wanted to have represent them, its possible we could restore this republic without the bloodshed inevitable in a "walking dead"democracy
I say never vote for either party ever again. Destroy them before they destroy us. Well said trader
This is the most cynical and from my experience rings true. Little by little I'll prepare for what now seems inevitable. What a wake up call this is going to be for people.
that'll probably just blow over..
Silver on sale! If only I could get me some zirp FED money
I almost put a heavy short on today. But in the grand scale of things I don't trust TBTB. Everything is so manipulated at this point. I think I will just buy more PM's from Apmex instead. At least it is real and we do have a pull back. Can't believe reality says they are a good buy and cheap at these levels. Ben needs to print and keep GS bonus's high. Since the integrity of GS is less than Bernie Madoff at this point. Will someone please make Lord Blankfien and Bernie room mates.
IMHO, Apmex premiums have gone up significantly. Tulving (if you can get past the minimums) are more reasonable. And there is always the local coin shop (good to develop a relationship with them)...
@traderjoe If you come back to this and I will check. May I assume that you have done business with this company. Have not ever heard of them. Price is what it is all about as long as everything is up to honest standards.
Trust is most important with precious metals. Thanks for the tip. Am checking out tonight.
Here are two more PM dealers that are 100% trustworthy:
Yes, I have purchased from them a few times. They seem sort of mom-and-pop, but they deliver promptly and I've never had any problem with them.
And just as an FYI - never do business with Northwest Territorial Mint.
Thanks much to both.
QE3 is a certainty because Obama will never let the economy sink back into recession while 2012 election year is around the corner, so yes it is 100% possible that one selfish bastard can put his own individual re-election needs ahead of the needs of 350 million citizens, because when shit truly hits the fan in a few years, he will be doing book deals and getting paid $200k a pop to show up and read from a teleprompter on the after dinner speech circuit!
This is not about Obama. Please leave politics out of it. This is about the FED and Goldman Sachs. Read the fukn article. Goldman fires the second shot. If you want to put politics in it. Try this. Goldman donated more to Republicans. Enough said on that point. Is Bambi another Puppet, yes. Just like Bush was and all the others. Bush gave medicare a big bonus without paying for it. Bush pumped the phony war without paying for it. His tax cuts provided how many jobs. Was that 6 million. Are we not told that Tax cuts create jobs. LOL. Leave politics out of it. Even Ron Paul is softing on the FED. Hmmmmm.
Reality is, this is about the banking cartel called the FED devaluating the dollar again. The hidden tax on the middle class and the poor. Which will put us in a real depression one way or another at this rate.
It is about the banking cartel that rules America. Political parties are a pupptet show. Does anyone seriously believe that Democrat versus republican crap?
I do not. I think both parties are whores for the puppet show. Those who run the show accomplish what they want.
Divide and conquer the sheeple.
You got it Rocker but it seems even worse. There is not one area of the economy not one industry that is not ruined due to corruption and capture. We are a second rate country with third world principles and first world weapons.
Priceless, though as a Third Worlder, I take offense at being compared to America.
We are rather principled, with-in our own moral code, if you know what I mean. ;-)
Well said though. We are all in the same boat. Regulatory capture, fiscal capture and belief capture...they've pretty much got 98% of the global capitalist "Economy", macro by the short hairs...
careful, there, ORI! don't let that neo-colonial third world thingy take over, ok? LOL! it might detract from you overall advertising message, here! old chap...
Jack Burton say: "It is about the banking cartel that rules America. Political parties are a pupptet show. Does anyone seriously believe that Democrat versus republican crap?"
Or is it about Big Oil cartel.
All good points. But you can't take politics out. It's a big piece of the puzzle.
both wrong, this is about congress, they are the ones with the power, they give the fed their power and are the ones who have to raise the debt ceiling
Get real. Congress? Those pathetic bastards were bought off decades ago. Of course they will raise the debt ceiling. Where ya been? Since WWII, 80 times and counting...
Congress? Government is the sideshow
does that mean i should not write my congressman to goddamn fix it....or else ?
rich - you tell him to leave politics out of it and then spew your politics
if you want to parrot the bumper sticker that "every politician is the same" that is your trite choice. likely you cant come to grips with your vote for obama
its naive to think politics plays no part
The common assumption that seems to be made is "they are all in on it." I think an appropriate way to look at it is "they're all trying to be the one who comes out on top."
Just like mafia families. And when someone is no longer useful, they'll throw them under as well.
++ Perfect Analogy
rocker...is all about Obama...and GS contributed more to the DEMS...so get your facts straight, and then come back and give a humble opinion....if you can.
You point out the usual Republican trick and the disillusioned sheep still junk you because they can't accept that the two party system is a scam. They just love hating those other guys so much because it has to be them causing all of the problem.
Good points about Bush. He had a Republican house and senate for 6 of his 8 years in office, yet the seething Reich-wing radio pundits STILL blamed Dems and "Liberals" for eveything and anything bad that happened. Obama promised to end both stupid-assed wars, close Gitmo, etc...and here we are with no change whatsoever. How much more evidence do we need that neither party has any agenda beyond that of their owners?
BTW, you point out the #1 Rethuglican issue that makes me pick on them much more than the non-rethugs: hypocrisy. Rethuglican arrogant hypocrisy and their inability to see it knows no bounds. I always love how they claim to be the party of fiscal responsibility when their trick, since Regan, has been to lower taxes, borrow and spend more (at interest), and shove the whole mess off on the next administration and future generations. Then, they act as though they are morally superior for doing so! And their sheep buy it!! HAHAHAHA! Sure the Dems are as bad, but at least they don't give you all this religiously righteous, arrogantly superior, morallity bullshit as they rob you blind.
Okay Rethug sheep, you may now junk away. I know...it's easier than thinking or looking in a mirror ans actualy seeing.
It's right both party fucked up. Stupid GOP go back to same issues where they lose, because they make money with it in primary. Money out of politics is most important issue. I don't want government in personal life. If GOP believe less government, why they legislate abortion, or give tax money to rich oil? I laugh when Boehner weep that gas price high because need to drill in US park. They raise money from BIG OIL when say that.
Some of you on here at ZH could run for office this election without money, and we elect you. There are enough of us to beat the money. You run, we help you win. You won't compromise.
When you've reduced the world, and yes it's a big complex world, into a binary; "us" and "them". You've been captured and are a slave.
QE3 is a certainty at some point in the near future because if the US public debt, which is currently financed at near 0% for the majority of the balance and which lies predominantly at the short end of the curve, had to be refinanced at a 0% real interest rate, then the nominal amount of interest payments on the existing public debt would rise hundreds to thousands of percent, and collapse the house of cards.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.