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I think its more to the point of how much the drop in the value of a current USD would be with the Gold & Silver price manipulation brought to an end.
I've mentioned two possibilities 1) move the decimal point resulting in the "New" dollars being worth 1/10 the current. That would make Gold priced today at about $13,800 in these "New" USD's, just slide the decimal point which would take Silver to about $260 today. [ mortgage debt remains fixed at current and made payable with the New. And all mortgages would be redone, all investigations halted, so basicaly the mortgage fiasco can be ended ]. Also each $1,000 in US Debt would get $1,000 paid, but paid in USD that would be the "New" variety [at least these 2 items part of the change]....or
2) Peg the USD to China's Yuan, at current value, making the USD equal to about 16 current cents
we would have about one week to turn in current paper dollars for new ones, after that week they wouldn't be valid
My 92 year old mother in law asked me to get her some silver with the csh we took out of her banks 2 years go and put under the mattress. Does this call a top or not?
NO. What is does say is that your granny is one smart cookie and not amongst the average sheople.
only 2% for all Americans are invested in GOLD -- what does that tell you? If you could trade food stamps for Gold some of the ones who might start to understand would be sending in their coupons for silver I would expect.
Congressional Demo-crats had the stuffings kicked out of them Nov. 2 suffering many more than the 39 needed to turn over control of the House of Representatives to the GOP and making John Boehner of Ohio the new Speaker of the House and giving Rep. Ron Paul a subcommittee chairmanship from which to wield an increased influence.
Republicans needed a gain of 39 seats to obtain control in the House, but picked up more than 60 seats. There are 435 members in the House, with 218 seats needed for operational control.
The GOP came up short in the U.S. Senate. The party gained at least six seats but needed 10. Some races were still too close to call at press time. Battles will be decided within the next week or so.
With the election losses, a number of changes are anticipated that will affect coin and currency matters. The House Financial Services Committee, once known as the Banking & Currency Committee, which has been chaired by Rep. Barney Frank of Massachussetts will now see Rep. Spencer Bachus of Alabama take over. The subcommittees will also change as well as seniority rankings.
Gone from the House GOP list will be Rep. Mike Castle of Delaware, who lost a Senate primary. He was second ranking on the committee. The Subcommittee on Financial Institutions and Consumer Credit goes from Rep. Luis Gutierrez of Illinois to Rep Jeb Hensarling of Texas, now the Ranking GOP Member.
Subcommittee on Domestic Monetary Policy and Technology will see its chair go from Rep Melvin Watt of North Carolina to Rep Ron Paul of Texas. This subcommittee was in the spotlight recently as the place where Mint Director Ed Moy said in July that it might be possible to strike proof silver American Eagles this year as well as its Goldline hearing in September. Paul’s son Rand is a new senator from Kentucky.
Subcommittee on International Monetary Policy and Trade sees Rep. Gregory Meeks of New York leave as chair to be succeeded by today’s ranking minority member, Rep. Gary G Miller of California. Subcommittee on Oversight and Investigations will go from Rep. Dennis Moore of Kansas to Rep. Judy Biggert of Illinois.
All of these changes might impact coinage if the jurisdictions of the subcommittees are altered, as some believe they will be. The issue will be to divide this responsibility: “oversight hearings about the state of U.S. coins and currency” and examining “the roles the Bureau of Engraving and Printing, U.S. Mint, Federal Reserve and United States Secret Service play in managing the circulation of all U.S. coins and currency and in implementing anti-counterfeiting measures to safeguard the U.S. money supply.” Also at issue: the federal government’s response to the rising costs of copper and nickel and metals used to manufacture coins.
House Appropriations Committee Chairman David Obey of Wisconsin, who retired, will be succeeded by Rep. Jerry Lewis of California. Lewis chaired the committee from 2005-2007. Mint and BEP matters are headed up by Rep. José E. Serrano of New York, but now likely go to Rep. Jo Ann Emerson of Missouri.
Ways & Means, which raises money (including surcharges on commemorative coins) will likely see Rep. Dave Camp of Michigan as the new chair.
In the Senate, which the Democrats held, the Banking Committee Chair, Sen. Chris Dodd of Connecticut retired after 30 years. Tim Johnson of South Dakota currently is the ranking Democrat.
There will be more changes as the parties caucus in the next several weeks, choosing their committee chairs as well as membership and working out agendas.
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I'm so happy that the tax and spend party is replaced by the spend and tax party. Or did I get that backwards?
Germany and China have expressed concerns over US plans to pump $600bn (£373bn) into the US economy.
This is pretty blunt in political circles. If faith is lost in the dollar, a separate issue from devaluation, moments like this compounding are what will allow it to happen.
Bring on the amero...
If JPM, et al, are putting on these trades at the behest of the banking cabal then they won't have to cover them. They'll just keep paying the margin calls with money printed by those with access to unlimited amounts of FRN's. The idiots that piggybacked their trades will get crushed though, I like that :).
when the other 97 % of the people figure this out..
the US Dollar is toast ... Silver is king...
When are we going to see PM coins imprinted with Bernanke, Obama, or Greenspan on the ass side?
Well, the price doubles and then what? It's a long term bull market that may see extremes in the metals market.
May I offer that the marriage contract you create be manifest among the two parties and God - however you name or experience God (consciousness) and not the corporation,referred to at times as [state] which is a manifestation of black hole consciousness, referred to by some as Santanic - luciferian consciousness.
If you want to destroy these Wall Street miscreants simply buy metal and hold it. If a hundred million people were to order a few gold coins the spot price would go to $10,000 all the naked shorts would be wiped out.
If they gave prison terms to a few lower operators involved in silver gold manipulation you can be sure of a whole bunch more whistleblowers.
Prosecuting companies has little effect. Fines are just the cost of doing business. $10m fine in making $100m profit is acceptable. However going the man, putting people in prison, will change behavior.
...and that is exactly why that course is not being pursued by the "justice" department. The whole damned thing would fall apart as wave after wave of corrupt officials and insiders started spilling their guts in search of a deal with the proescutors. Life is nothing but a long series of deals, it seems.
I don't care who manipulates the silver market as long as I can flip the Obama funded concentation camp guard a maple and he let's me slip out unnoticed.
Now THAT is the power of PM's baby
And then you get escorted to a private room for a cavity search.
that's why I have more. I figure it'll take 6 to secure my freedom getting thrugh the republican could be problematic since the Squid has them all buttered up.They may be looking for 3-4 each.
Wouldn't it be a bitch if my cell mate had 7 though?
Kinda like what is happening now, i'll bid 1389 - no i'll bid 1390, no i'll 1391 and so on.
Now now. Let's keep the fetishes out of this
I can tell my story how I was cheated out of good money because of price manipulation, I bought SLW at 16 in 2008 than the price of silver got pushed lower and SLW went to 6 when I got stopped out by a margin call (I didnt realy want to sell) than SLW dropped to 3(I felt pretty good cuz i 'sold' at 6) I pretty much lost all confidence in silver and bought a REIT(what was I thinking, dividend ?) for all the proceeds from SLW at 6 subsequently the REIT went bust and I lost all of about 10 grand
If you see them taking down gold and silver again today you will know they totally own the CFTC and judiciary. It will show they think the cases against them a joke, or know the judiciary will protect their activity. It will be sure evidence that rule of law is the US is totally broken and is only applied to bashing the little people.
Daily and weekly overbought charts are now at an extreme level. Similar extreme conditions were detected before the correction started in mid 2007.
Great overview and summary. Thanks !
When silver breaks $30, I will go and look for a girlfriend. When silver breaks $50, I will get married.
To our wives and girlfriends. May they never meet.
Start shopping for a ring...
skip the diamonds and stick with gold.
carpe diem, icebergs dead ahead:
You're gay, right?
Your girlfriend will take half of what you have. Your wife will take the rest.
Forget about silver. Go look for a girlfriend now with a solid government job, pension, and full family health benefits. That's a better long term investment.
If she's really good looking, you might consider giving up on the health benefits. Her looks won't last forever, but, neither will the benefits.
Girlfriend right now makes sense, yet marriage is a trap imho. What does a contract with the State (and penalties accordingly) have anything to do with two adult deciding to be joined together for a (hopeful) lifetime of happiness?
A one size fits all marriage contract written by the state, subject to amendment by them after the fact is absurd.
imho the state should have no part in marriage
Religious people could choose to let their church write and arbitrate their marriage contracts, or not. Those without beliefs could write their own contracts, and agree on the consequenses of dissolution and the arbitrators of disputes in advance.
Convincing the state to give up people control won't be easy. Convincing youngsters they should look before they leap might be harder, but they might like having a choice.
Marriage is just another way for the Government (and the girl) to put you in their pocket, it gives the girl legal standing to your wealth and the government legal standing to go after it
Marriage is nothing more than you and the girl singing over your freedom of choice to government/church/society, it wasnt invented till government/religion came along they figured if they can control who you can sleep with they can control you(and they where right)
and the only winners are the lawyers.
Guess you are Chinese since most Chinese men nowadays say marriage is a trap.
I'm not, and I agree with MT.
Unfortunately, when it comes to divorce (the flip side of marriage) the decks are definitely stacked in favour of women, at least in western countries.
Be VERY sure you know who you're marrying before tieing the knot... or get a pre-nup.
Easy, silver at around $8, gold at $300.
The itch is fabricated to scratch -- and it works!
and conspiracies don't exist, just ask cass sunstein...
LoL Way past consipiracy, well and truly in the realm of reality. Please pay attention.
It must be really difficult to go through life totally unaware of reality.
It must be really difficult to go through life totally unaware of reality.
Methinks you have it backwards: Going thru life with one's head up one's ass is the easy way. Being aware that the world is screwy, and that one knows nothing is not the smooth road.
I'm sorry, did you say something? I was thinking about soup.
No Soup For You! 2 Years!
I bet 90% of all people ever alive would strongly dissagree with your statement :)
Thanks for the sarcasm as it made me LOL. It is common knowledge that JPM has been manipulating the silver market and yes there is proof plus a few lawsuits now in play including one being a RICO. You may want to listen to the CFTC hearing a few months back to realize JPM and others are very active at market manipulation in the precious metals complex.
The easiest way to annihilate JPM and HSBC is to take physical delivery.
That's what I have been doing. You can buy the four great ones. Gold, Silver, Platinum and Palladium in the form of state issued coins for slightly above the market price of the metal. Canada issues Palladium coins, rarely seen in the U.S. Apmex sells a great variety of stuff. A new mineral I have been adding is Rhodium. Problem is it is in powder form. Sold by Kitco. So I have now found someone making coins out of Rhodium. That is the Cohen Mint. Full disclosure. I have no affiliation with them in any way. I will be buying my first from them real soon to see how it works out. I consider Rhodium to be pretty rare and possibly very undervalued. For a perspective of price history go to Kitco. Love the site.
That's my special pick I have mentioned that I would disclose. Good Luck to all ZH fans.
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