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That light in the tunnel you see is not daylight, it's the headlights of the train that is on target to crash.
Time to put on some big-boy pants and buckle up.
Alpha Centaurian quatloos are worthless paper too.
Zeta Reticuli trakkans however, are .9999 gold coins!!!
C. H. Smith writes a nice piece here. The Bearing is a well known physical gold advocate, I believe the upward price potential is enormous.
But, nothing is for sure. That's why I like articles like this (as well as hearing about alien money)... Makes you re-think...
Since the future is so unpredictable, I am diversified. Diversification! One of your very best friends.
Make sure to include some five gal. pails of oatmeal and ammo cans stuffed with .223 in your basket of S.H.T.F. investments.
C.H. Smith is worth reading on a regular basis. Most of his articles are posted here at ZH, but just in case you missed a couple:
Either you read really oooollldd sci-fi, or you are ancient like me?
Interesting short SF story, that one!
I share much of the Devil's Advocate views here. I cannot see Euro strenghtening much and am short via EUO though I worry that ECB rate rise (they are simply inflation hawks they won't print Europe's wat out of debt e.g. they do Germany's bidding by design).
I believe Gold and Silver don't have room to run here and the idea that gold $3000 is inevitable is unfounded based on the idea that QE is over, EU will fall and dollar will rise. No reason, without more QE, to believe dollar will fall more or euro will rise more.
KSA does have room to increase production by 40% to 14 million bbl/day. They would do this as part of their geopolitical war with Iran. Cost to produce KSA oil is much lower than Iranian oil so the lower oil prices go the less profit Iran has and the more pressure the Iranian goverment faces internally. Iran is playing games in every corner of MENA but the KSA wants them isolated. Drying up their funds of course inhibits their ability to fund others in that they must choose where to put money - domestically or abroad. KSA would love to see more internal protests in Iran. Together with GCC states they may raise output though I see this could take until December before the markets realize what is going on as that is when Russian production tends to be inflexible due to winters.
I have given up trying to predict where the market indexes will move they have been divorced from reality for too long thanks to QE and as noted by forex profits, but I will say the market has been quick to respond to the topping of the Euro, which leads me to wonder if I should get out of short euro and into short market... except as I said I decided to give up predicting the index movements.
No reason, without more QE, to believe dollar will fall more or euro will rise more.
Disagree. The dollar will fall as the ability of U.S. fed dot gov to actually simultaneously pay interest AND pay the (Denninger's aptly-named) free shit army to sit around and vote to enslave me, as this realization pans out in the face of ever-lower tax revenues. The capital is gone; we ate it. Then, we borrowed more, and ate that, too.
We didn't eat it all. There's loads of it in the landfills.
yes, but you have to wait for it to compost. that means making peace with the worms & flies, otherwise, the shit starts to smell somethin fierce.
What are those saudi investments in the west worth if the west doesn't have reliable cheap oil?
why bother a) write this b) publish this? it is simply saying pourquoi? pourquoi non?
Someone writing on a napkin while sipping a latte...
why bother comment?
Maybe the author wrote it in hopes that it would stimulate some thought. You know, get you to use your fucking brain for something other than posting assinine comments?
Doubtful, WonderDawg, as it is replete with some pretty mindless assumptions.
First, this claptrap about this so-called "MainStreamMedia" --- now just where in perdition is this mythical creature?
There is essentially one corporation which now controls the bulk of the American media, which those several corporations which are supposed to be managing/owning it (officially five at last count, down from over 1,000 back in 1960) laughingly refer to -- in their private inhouse memos -- as the American Media Corporation, or AMC.
Don't think any such "MainSteamMedia" or MSM, exists.
I think you missed the point, Sgt, but you described it very well. The American Media Corporation, as you describe it, is the MainStreamMedia, or MSM. MSM is used to describe the corporate owned propoganda machine employed by the .gov and the banksters. The "mythical creature" is the one corporation that controls the bulk of American media, aka, the MSM.
Then there's all those potential outlier events - Monju, New Madrid, Armageddon, Fort Charles, the Cascadian Plate, Yellowstone, Straits of Hormuz, etc, etc. BTW - anybody seen all that Sarin that disappeared from Lybia a few months back? I think it's pretty clear that both concensus worldviews are pretty fragile. Interesting times.
Nebraskashima nuclear meltdowns about to take place, while Soros buys midwest farmland hand over fist. Even the smart people in the room are so far off on their concensus its surreal.
Hmmm. I heard it as Fukomaha.
fukuyu ..fukumi .. what's the difference! it's all Japanese
Joe Granville said it best in 1980 to wit "the obvious is obviously wrong".
A play on Thorstein Veblen's "What is, is wrong" and well done at that!
Economic surplus....surplus revenues....Other People's Money (OPM)...public funds for private use.
Civilization is just about over....
Libya had (past tense) hundreds of Russian made, shoulder-fired SAMs. That's why we're there; you might want to think twice on going to Europe in the next few years, and flying around that southern Mediterranean air corridor.
"Missing SAMs in Libya alarms the West" SpaceWar.com (6/23/11)
The link you mentioned states, as I thought, SA-7s. First generation type stuff, very limited, if even operable (batteries have a limited life and SA-7s are old). Never a good thing to lose control of a weapon, but, this is not a particularly potent weapon.
I dont know what 'the concensus' is, but the reality is all systems are about to be imploded, all pensions, 401K's, IRA's seized due to the sudden economic state of emergency, and the planned 1 world govt 1 world currency will be implemented and no one will do jack shit about it because theres no IPhone app for it.
Translation: No bag limit, any means.
wonder how many people in history have said it can never happen here
Well said, more or less.
Evidently the blog post author believes that the hedge funds (American Enterprise Institute), the oil cartel (Pew various frigging outlets and the Cato Institute), the Heritage Foundation, and all the other foundations which are owned by the same few, and forever quoted as the news by Foxtard and that Fox Stealth Network (NPR), constitute the "consensus" in this author's view????
2. If the dollar rises substantially, then corporate profits will tank. Much of the big jump in corporate profits came not from actual net but
actually they already did..
corp taxes paid are jsut 5% y/y, strip profits of oil/finance companies, well rest of is in negaive territory..
i dont give a flying fuck about earning reported, its jsut bunch of lies, but paid taxes are real money ..
Yea I also could give a flying fuck about how the transparent Ponzi is going to be floated further. Anyone with half a brain should be revolting from this system, but denial is a powerful thing indeed.
"...transparent Ponzi is going to be floated further."
Action is needed to protect yourself from all of the lies. Buy gold. Stay out of debt. DIVERSIFY! Get off the grid to the extent you can.
Denial is indeed a powerful thing. Swimming upstream is harder, but staying in the Sheeple Herd is very dangerous. Prepare...
Or even better, buy gold on credit cards. Default on cards, abscond with gold, exit stage left. Stay off the grid and fuck the banksters.
Yep old helicopter Ben could just push the stick forward and fly the sucker right into the ground. When the smoke clears fiat will be worth nothing.
I tend to agree that the likelihood of the Rosenberg/This Post deflationary outcome is growing daily. QE did not inflate incomes. As such, many Americans are forcibly going cold turkey on spending. Even the Gov't can only do so much.
Funny how broke unemployed people cant pay more for things, scratching the 'hyperinflation' theory off the board.
The guvmunt can't do nothing. They're too stupid. Or we wouldn't be here
I have difficulties grasping some of this like " Saudi's investment in the west " because if the west takes a dump. so does the Saudi's. A 2008 crash would hurt the Saudi's and being that there only real export is oil, they would have to push the price up in terms of U.S. dollars to survive.
More. If the Saudis do not input what is needed to fuel the West, their papers are worth nothing.
With US victimology, this simple point is near impossible to get through as in the mind of US citizens, they have the wrong bargain side, they are pushing money paper against resources and goods. In US mind, people on the right side of the bargain are people who receive paper money against resources and goods.
Yep, the US citizens nature is eternal.
i thought this article would trash the zerohedge consensus, not that it needs trashing, but sometimes i wonder if I've fallen in love with gloom and doom
We're all closet masochists.
I like to close the door on my hand every time I go in.
I prefer banging my head on the door frame on the way in and out. The blue sparks quiet the voices for a moment and create an immediate sense of transition. I also have problems remembering to duck my head.
Perhaps you just prefer reality.....which to some is 'gloom and doom'.
Dupe. Banana Ben printing inflation in cyberspace too.
Hey now Billy ever watch Rashomon?
The Rashomon effect is the effect of the subjectivity of perception on recollection, by which observers of an event are able to produce substantially different but equally plausible accounts of it.
We forget everything is true/false/meaningless in some sense and only our relative subjective observation/interpretation carries any weight in our reality grid.
Or to paraphrase Bobby Goren " Everyone lies all the time".
- And I want US$???? No end in sight to new issuances of debt. Got to love a currency where the government spends $20 billion a year air conditioning tents in Iraq and Afghanistan.
- Godl will go where it wants to go. Don't want $, don't want Euros, get me physical.
- Much more liquidity this time around, the money ahs to flow somewhere.
"Got to love a currency where the government spends $20 billion a year air conditioning tents in Iraq and Afghanistan."
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