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Japan Resumes Hyprintspeed Part 2: Presenting.... One QUADRILLION
Part 2 of our "Japan resumes hyprintspeed speed" series comes courtesy of The Privateer's Bill Buckler who has discovered that quadrillion is the new black.
The latest projections from the Japanese Finance Ministry regarding the fiscal year which started on April 1 make for sobering reading. They say that Japan’s “public” (funded) debt will probably rise by 5.8 percent this year - to 997.7 TRILLION Yen ($US 12.2 TRILLION at current exchange rates). Should these projections be even slightly on the optimistic side - and government financial projections always are - then Japan could easily be looking at a public debt of 1,000 TRILLION Yen by March 31, 2012.
There is another way of expressing 1,000 TRILLION. It is the same as ONE QUADRILLION.
The sheer magnitude of these numbers has long been a talking point for the watchers of international finance. Now, they are becoming very nervous indeed. The OECD has recently “urged” the Japanese government to “do something” about their deficits, especially in the wake of the earthquake disaster. Noting that Japanese sovereign debt is about to hit 204 percent of GDP, they suggested that Japan’s current sales tax be “at least” doubled from its present 5 percent to 10 percent. The Japanese Foreign Ministry politely declined to comment on this suggestion, contenting themselves with assuring the OECD that - “We will continue to work to maintain and secure trust in Japanese government bonds.”
At this, a line from Rosencrantz and Guildenstern are Dead comes to mind: "Eternity's a terrible thought. I mean, where's it all going to end?" While this has been mostly a rhetorical question over the ages, G7 central planners are set to provide a definitive answer very soon.
(and people worry about the "bubble" in precious metals)
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well, he is embarrassing the 14th nc, another southern confederate brother
Em, I have been saying for some time that tax revenues don't matter any more. The whole economy is fake, it's a rat race, a huge experiment by the cheeze makers to keep the plebes busy and the UPS trucks running(on oil).
U.S. dollars = imperial credits.
but is taxation doesn't matter anymore, why should we keep working when the goverment could just give a money so we can buy more bender robots to do all the work for us?
Exactly...LOL.
They could just print it up and give it to us to spend...no more work or taxation & think of the GDP!...oh, wait...
Who the hell is junking you and why???
there are things to lose sleep over.
getting junked isn't one of them.
at least someone is reading the post.
I like the idea that I live completely rent free in someone elses head.
Afterall, nmewn = enemy within ;-)
Taxation is for peons in *other* countries who supply us with cheap goods, inexpensive immigrant labor, retirement homes with nice weather, and vacation spots filled with bikini clad women looking to marry goofy toothed but paper rich foreigners. Did I get the relationship right between Britain and the Continent?
Forget any vexing decisions on whether you will work or not!
Under the Noo Werld Ordah you will be paid in "social credits" on your smart card (probably inserted in your arm, complete with GPS tracker so that you don't need to remember to take your cellphone with you) for work done in the labour camp or on the bankster plantation (corporations with private shareholders are sooo 20th century). Arbeit macht frei! No work = no credits.
You will spend those credits at your local plantation store on [approved] stuff produced by other labour camps ... unless your credits happen to have been revoked for criticising .gov or backchatting a junk groper at the bus station ... in which case, you're SOL (and food).
A tax-free nirvana for both flavours of statists ... just what they wished for! ... lefties wanting .gov to provide everything and righties wanting low taxes but a very powerful military and police force (you'll be seeing a lot more of them checking your papers/chip veeeeery soon).
Being in debt means you have shorted the dollar.
After all, you got paid money for a promise to deliver a
certain amount of money in the future and we have
witnessed lots of delivery failures.
Debt can be monetized a long time without major inflation under such circumstances, due to the massive dollar debt out there in the world.
"you do not watch the media." CNBC is "talking currencies." There's "your answer to debts and deficits."
Taxation creates a demand for dollars. In effect the government says, Give us dollars or we will shoot you. People quite sensibly then dutifully toil away for dollars. Even if I were paid in silver or gold, I would still need to exchange some of that metal for the little green pieces of paper with pictures of Presidents* on them in order to pay the government protection racket. If they were to eliminate taxes entirely and fund solely with the printing press, a huge and essential demand for dollars would evaporate, which would collapse the value. No demand, no value.
Obligatory Weimar reference: during that hyperinflation, most Germans simply stopped paying their taxes, which led to fiscal credibility problems and a further collapse in value of the currency.
--
* And one ambassador to France.
it went only from (10 ^ 3) ^ 4 to (10 ^ 3) ^ 5 - no big deal
Thanks, I feel MUCH better now.
DavidC; debt-deduction is a major point in the netherlands where I live and it is a crazy scheme. The last 15 years the growth of the middleclass has been monetized by debt by mortgages and now these "fundings" are retracting big time.
Or; how much can you retract from the real economy of savings by tax reduction in order to have to spend some
At the bottom line we have 6 times more deductable mortgages than 15 years ago and the government has to play the austerity-match to favour of the reductable debt while protecting the debt and adding to the public debt
Sorry. I'd assumed you were in Japan when I wrote the reply to your previous post.
DNB-sore,
Thanks for clarifying.
DavidC
It's becoming a trend a trend right now, releasing the prices of renting a house in favour of "posessing" a house. So the unfortunate are going to pay for the fortunates owning a house. Going to be loosers on either side on the long term. Releasing prices or rents will keep the decline of housing prices down for a while but in the aftermath all will be loosing
Tyler,
I just love this ad, on your site.
Yeah, the big black one on the right side, just underneath the banner.
"HP Laserjet. It pays you back !!!!!"
Click thru a bunch of ads every once in a while and help pay the bills.
Simple....
Pull a Chavez tactic....
Lop off some zeros....
Simpler for all.....
Renouncing Imperial American Empire
Maybe not if you are an American but othewise an excellent article folks...
http://seenoevilspeaknoevilhearnoevil.blogspot.com/2011/04/imperialistic...
1 yen was worth 0.78 troy oz of Ag, or 1.5g of Au, in 1871. 16.73x.
Silver was at $0.64/oz. in early 1913. Increase factor of 75 in U.S.D. terms.
DEBTZILLA. Race to the bottom really heating up now, who will be the winner?-- Team Lotus, Team Honda, Team Porsche, or good ol' Team Chevrolet (recently nationalized)?? Place your bets, place your bets, Sunday Sunday Sunday. Only a matter of time before Mrs. Watanabe stops parking her money at the post office at 0.00025% and buys one silver coin a week....
Silver is so last century.
Japanese prefer platinum group metals.
Wealthy Japanese likely, but I'm thinking of the (very large) Japanese working class. The ramen 'n miso, blue coverall and white hardhat crowd. Up 'till now, they have been subsidizing the Japanese government at micro-rates. How much longer?
The japanese are ants, or bees.
They will gladly sacrifice themselves for the good of the colony. It might just last until all their money goes to buying bonds and cheap ramen.
>They will gladly sacrifice themselves for the good of the colony.
Some will. Most wont.
Many are very smart and are willing to move their assets overseas.
However, most are still very tied to "Japan" as a place of living.
And cannot imagine that changing.
Also, within Japan, there's no sense that JGBs are a bubble.
If you lived in Japan, you'll see it too; JBGs are about the safetest place to be.
Like building your house on top of an active volcano to avoid a Tsunami.
But that's what happening.
Cognitive dissonance. Americans are also known to suffer from it. "U.S. Treasuries are safe", "we have a free-market economy" etc. etc.
A little hyperbole always brings forth interesting comments. Good info about sentiment you bring us. Thanks.
++ Concur with TCT
I just wish those ants and bees would hurry up and do some sacrificing to clean up the radiation in Fukushima.
> Up 'till now, they have been subsidizing the Japanese government at micro-rates. How much longer?
Live in Japan for a while and you'll be doing the same thing too.
Cash is not trash.
Cash is very much in vogue, and it feels very natural.
All risk taking behavior is crushed, and JGBs are 'risk' free.
There is not yet the sense that they're being screwed by the system.
"When Ireland collapsed, it happened in a day."
>Japanese prefer platinum group metals.
Younger Japanese people prefer Palladium/Platinum.
But old people still like gold.
And old people are the ones with most of the money in Japan.
--
BTW: During the 2008 crash I was at the Ginza store for a major assayer (Tanaka if I recall correctly) and in the lobby was a huge crush of people during mid-day weekday.
Mostly old gereatric types. I asked the assitant what people were doing.
They were SELLING!
So, people very much still trust the JGB complex of securities, at least was true in 2008.
Interesting.
I'm sure some of you understand but I must say it, this will not end until "they" deceide it will. Someone here just last night coined a phrase that should be repeated by all of us "duty bound to tear it down." This needs to be understood and acted upon, each in our own way and by whatever means we have. I transact business in FRN's only, carry no debt and own my share of PM's, sometimes cash is cumbersome and yes I need to use a card to reserve air transportation but I do my level best not to provide a cash flow for these beasts.
Know your enemy... indeed
Richard Feynman, physicist, Nobel laureate (1918-1988)
"words. that mean the opposite of what they say."
Wow, that is absolutely mind blowing, yet people still think this paper garbage is worth something!!!
http://silverliberationarmy.blogspot.com/
"they think it is worth the opposite of what they say it is worth."
Japan is going to be a real life Survivor island
These are sound economic measures.
My neighbor got a pre-declined credit card in the mail.
Wives are having sex with their husbands because they can't afford batteries.
CEO's are now playing miniature golf.
Exxon-Mobil laid off 25 Congressmen.
A stripper was killed when her audience showered her with rolls of pennies while she danced.
I saw a Mormon with only one wife.
If the bank returns your check marked "Insufficient Funds," you call them and ask if they meant you or …
LOL! Hey, take my wife's Treasuries, please!
I nominate this for zero hedge hall of famous posts.
thanx for the laugh ...
insufficient funds
mine or yours...
The United States is not going to have a debt crisis of any kind as long as we keep issuing our notes in our own currency.
SOURCE: Reuters.co.uk
Please tell me that's not true!
DavidC
Debt default......never
Inflation default?...... maybe.
I wish I had...highschool football money. This is retarded.
http://www.cnn.com/video/#/video/sports/2011/04/29/mckay.60.million.hs.stadium.cnn?hpt=T2
...Surely an insult to retarded people.
In other market news, the US government has decided that knowing how much oil and natural gas we have in the US is superfluous.....
http://www.eia.gov/pressroom/releases/press362.cfm
"
Public sector extortion.
I'd be interested to see a list of products and services they (EIA) do provide.
Buffett: Failure to raise debt ceiling "asinine"
http://news.yahoo.com/s/nm/20110430/bs_nm/us_berkshire_debt_1
Debt Ceiling? We don't need no stinkin Debt Ceiling?
Richard Koo loving this.
Like I said yesterday..
After the "Bernanke Miracle", all other industrialized counties are going to be implementing their own QE plans in order to boost stocks.
Nothing else is working.
No jobs.
No housing recovery.
No decline in food stamps.
No increase in GDP.
But they can launch stock prices into Outer Space and say:
"Don't blame us!! Hey, were are trying! We are doing everything we can!! We are printing Quadrillions!!!"
Schwing
Robo I've ragged on ya. But this is the clearest headed thing you've ever posted. You're gettin' with the music. You get it that it's now policy to pump the market higher (so Wall Street can dump it). But that's just all wallpaper to cover up the ugliness in the real economy, and very few real investors are buying in. Nope it's still better to stick with gold, watch the world implode and still keep your buying power (or actually raise it by a quadrillion-fold)
WINNING BITCHEZZZZZZZZZZZZZZzzzzzz !!!!!!!!!!!!!!!!!!
Holy freakin hot.
its like dino lee says.
fat titty japanese
http://www.youtube.com/watch?v=pdl5v8Ny8Q8
Dammit robo
Now I have to get a new keyboard.
Robo, I hope that surgically altered child/woman is over 18, otherwise some (TPTB) may argue you are sharing child porn...... seriously you may want to use a little more caution. I don't care and am not offended in the least (being a grandmother) if you show titty pictures and get TCT to soil himself (I find it amusing), but just make sure they are over 18 and legal.
oh, she's definitely over 18!
what's her name robo?! O_O
Her face might be Japanese, but those breasts aren't real. I see a couple of Jap cable channels here and tour buses full of young Japanese girls each week, and those knockers aren't for real. Nice try Robo, but someone doctored that photo....
A little more than the photo was "doctored"...LOL.
This is the most exciting development in the evolution of mankind since the lunar landing! Brothers and sisters, all nations need to mark this date with a monument inscribed with these words:
"May 1st, 2011. The Great Leap Forward. When imaginary numbers came to life!"
I demand a new calculator be manufactured. Screw the Casio. HP and TI's. Buy Gold Bitchezzzz and screw GLD paper crap.
Oh yeah and all governments should spring for new calculators to be distributed to the raggy unwashed masses on this day. So they can do their shopping
Careful what you ask for "you might get the day dinosaurs roamed the earth."
WE'RE #1, WE'RE #
http://www.businessinsider.com/america-is-number-1#want-to-be-depressed-...
http://lonerangersilver.wordpress.com/
Old news and they still have a long way to go to hit 1 quadrillion Bqs/day.
Here is the link to several sites for models and actual back ground readings.
This site you can do both dry and total accumulation of Cs which you can compare to Chernobyl (IAEA Report, on the side things are not looking good for the long term health of the people living in Japan, particularly the unborn and the young).
http://db.eurad.uni-koeln.de/index_e.html?/prognose/radio.html
This is the site that was copied in your link, go to the right side of the screen and you can run the model for several variables (Cs, I and Xe for different parts of the northern hemisphere)
http://transport.nilu.no/browser/fpv_fuku?fpp=conccol_Xe-133_;region=NH
This link will give you real time geiger counter reading from around the world, it is a "homegrown" network (may have some "minor" calibration issues but is a rough reality check).
http://www.radiationnetwork.com/
This link will allow you to see what the EPA monitoring sites are recording, you specify the query for the data you want to see , (good check for the above models)
https://cdxnode64.epa.gov/radnet-public/query.do
In closing the Energy News site is somewhat questionable, they tend to "hype" the situation with out verifying, be cautious....
It appears there is not enough margin hikes in the world that will quell the problems for JP Morgan Chase Bear Sterns Washington Mutual and the COMEX. They might as well raise the margin requirement....to, well, no margin at all: pure cash bubba. Because it won't matter.
It's no wonder why EVERYTHING continues to go up even though the Bernake said he's not doing QE3. On the other hand, everyone already knew nearly the entire developed world is printing money and that Bernake will in fact to QE3 when he can make it look sufficiently enough like its Congress' doing, that way the deflection of blame can ensue and the total abdication of all responsibility of all parties can continue.
....Ain't that America for you a me. Little pink houses, that no one even bothers to make a payment on anymore.
We've reached a tipping point: as they raise margin requirements they're further legitimizing the PMs. They're stoking up demand.
or are they controlling price?
Irrelevant
Exactly
http://www.pagetutor.com/trillion/index.html
.
if you go to this link a thousand times you get
a feel for what a quadrillion is. a very big scam
where nobody bothers with such things as stealing
millions of dollars.?
all it took was one little black swan and whola, japan is dragged kicking and screaming out of national austerity and deflation into zimbabwe. is there a lesson in there for amerika? yes , stay tuned. black swan coming here to a theatre near you , soon.
Something along these lines?
http://mshistory.k12.ms.us/articles/230/the-flood-of-1927-and-its-impact...
If you're really unlucky, that'll be radioactive flooding. Luckily, I've heard that there are FEMA camps for this kind of emergency, aren't there?
people like shedlock and douchinger said no way on the deflation to inflation thesis. now we see that is total rubbish. here is a perfect example. they say, well we are not like japan. i say, give it time , give it time.......we will achieve the goals of chairsatan and his good buddies.....
"who? never heard of 'em."
a quadrillion really isn't that big of a deal. japan has plenty of wiggle room according to this... http://www.kokogiak.com/megapenny/nineteen.asp
It's a shame its called hyper-inflation, it is misleading. They should have called it hyper-currency devaluation. Then, people might actually understand it easier.
Anectodal recent story:
Talking with a good friend, runs a very sucessful business. Agrees with me that the FRN will/could become worthless. Disagrees about gold and thinks it will become worth only what people would pay for it to be in jewelry. Can't even grasp the concept of a store of wealth in a precious metal. Claims what good is it since it can't be used for anything except jewelry.
I don't try to convince anyone anymore to buy gold/silver. Everyone must get there on their own. Four years ago there would have been nothing anyone could have possibly said to me to make me a buyer.
I do wonder what will be the straw that will make the greater part of the population with wealth to protect wake up to the possibility that all of their paper wealth will dissapear unless they take steps to protect some of it. Maybe they won't, until it's too late.
Think of the mind-trip it will be for the poor souls who are just about to collect their fat pensions in the next few years after giving their whole life to a company just to find out the pension isn't going to be there.
Ron Paul in 2012 or bust.
"people pay a lot for jewelry" so i hear.
If there is a change of sentiment with sheeple and gold the world will find out quickly you cannot stuff a size 12 foot into a size 6 shoe.
What and top,
Very good remarks!
+ $1560 to both of you.
I have a question for everyone. I went to a couple malls yesterday and they were packed! I don't remember malls being this busy for a long time.
I would like to get some opinions for the readers of ZH.
The only guess I can come up with is there are a lot of people are back to business as usual for the people who have jobs and they disassociated themselves with people who don't have jobs.
People without jobs are a small minority even if you use U6.
Americans with money usually dissociate themselves from people who dont.
If china cooperates and we get our fiscal house in order did we just witness ben push a camel through the eye of a needle?
Stay tuned.
Would be interesting to see the product shrinkage report for that mall yesterday.
And yet the Yen, wedded to the worst nuclear disaster in history, is still a strong currency. Que pasa?
Lots of buzz online about how Japan is going to pay for rebuilding by selling US Treasuries, but it sure looks like they're going to hang onto the UST's and just print the freaking money.
Listen, I made the adjustment from million to billion, and recently I learned to say "trillion" with a casual ease that masks my inner terror of monetary implosion, but "quadrillion?"
And here I thought the Q stood for "quantitative."
With as many earthquakes as Fukushima had last night the printing presses may need a printer cartridge alignment today.
http://quake.twiple.jp/?lang=en
Is that just insane ?
Does that place "ever" stop shaking ?
Better many small shakes than one big massive mess.
@D1eeeeeNAHHHHH
People are buying because they are not paying anymore for their morgage.
THANK YOU SILVER_SURFER! I knew I was missing something. I think you're absolutely right!
So this may last for awhile. I know people who haven't paid their mortgages since November and still have not received any foreclosure notice. They get plenty of loan modification requests and the offers are we'll reduce your rate to say 2% for 5 years, 3% year 6, 4% year 7 and then the rate will be where rates were when the modification was approved. The banks promise these rates on today's market value and then put the remaining prinicipal on the back of the new 40 year loan. The problem is after these people go through the process multiple times, the banks change their mind, ask for updated financials, updated valuations, etc. In fact, of the ones I know of that actually did get modified, many banks end up defrauding the homeowners despite the homeowners making their payments. Only when there's an attorney involved does it work out decent.
Anyway, thanks again for the feedback. This additional temporary GDP added to the government spending factored into GDP shows things are not so good after all and someday things will get much worse.
A friend of mine is at 3.5 years of no mortgage payment. Not a single notice from the bank yet. Florida.
that really gets on my nerves.
He is a hard worker, can't find work and barely getting by. No ipads or bigscreens in that house.I spoke with a banker about this and she stated that they just want someone in the house, taking care of it.One day he will get a foreclosure notice...
That's because you have been inculcated with a dose of morality. Unfortunately, you are yet to learn that those with the power to extend debt, missed the lecture. This may help. The first five pages are doozies. A must read and a library keeper.
http://www.scribd.com/doc/52483956/QBAMCO-Apropos-of-Everything-I
This morning I woke up and read this and it really scared me. What's coming is going to absolutely destroy currencies, countries, and lives the world over. The only good things I could think of, are that I'm pretty young (25) and have some physical PMs. So maybe in 5-7 years I can buy up a business or two on the cheap and start making some real income. Right now I just work 50 or so hours a week total at 2 not so great jobs. But I have very little debt, not a lot of bills (live w/family for now) and as I said trying to save PMs. I also have plans on buying a house when that market tanks relative to silver/gold. So yeah not much good going on in the world.
But anyway earlier today on the radio, was a man from Hefron Tillotson, a "wealth management firm" here in Pittsburgh. My uncle who thinks I'm nuts for having PMs turned it up when a caller asked the radio host about silver stocks. The caller said "why are the stocks lagging the bullion?" and the host went on a long winded explanation that silver is simply a "feeding frenzy" and it's basically going to come crashing down soon. He of course said if you wanted to dabble in silver or gold, DON'T buy bullion, but the ETFs instead. He also said there were "unsubstantiated rumors" about a possible silver shortage that were simply nonsense.
At that point I simply couldn't contain my laughter anymore. My uncle looked at me and I said "this guy is full of SHIT!" I told him there is a silver shortage, if there wasn't then why is APMEX out of 2011 Eagles? I said it didn't matter what the fuck some old fuck says on the radio, he's just selling stocks anyway. Silver is real money. Then I said "isn't it funny how none of these stories about stocks or silver/gold never mention the 14+ trillion debt we have? We're broke! How will we pay it back? We can't afford it, unless we print. Printing means gold and silver will soar." He just gave me "that look" that most here probably know all too well. Then a few minutes later a caller asked what she should do with her AIG stock (lol) and the host said to simply double down on whatever she had (she said 100 shares) so he told her to buy another 100 shares asap and then when it goes up a bit you can sell half and basically play with house money on the original 100 shares. I simply laughed my ass off and asked my uncle how many times can AIG go bankrupt before people learn??? And he just walked away.
Lesson here is that the sheeple are in the dark more than ever, and think silver and gold are the ultimate bubble. I say fuck that and keep buying.
My uncle also gave me his normal "gold isn't money. You can't buy gas with gold. Plus who knows if it's real, it will never be money" talk. For some strange reason I keep arguing with him in the hopes he wakes the fuck up. He told my grandpap about 5 years ago to not bother with gold, and my pap is pretty pissed every time I tell him gold keeps going higher. I also tell him it's not too late but he just gets mad and leaves.
LRC, been there, done that with my family for over a decade. School teaches these people to believe everyone on tv who appear to be the authority on investing. They were taught to trust financial advisers and to feel near evil to pull their money from them.
They won't learn from us and sadly we just got to let them do what they do and stay unusually quiet until they ask us to teach them what we know.
We all had classes in school we didn't like. I hated english and therefore did poorly in it. I just wasn't motivated to learn it. It's the same thing with money from these people. They are taught money is the root of all evil...it's the root of all evil if it's something you put over everything, everyone and God. They fear that parable that it's tougher for a rich man to get into heaven than a camel is to go through an eye of a needle. They are taught to lose and complain later.
Although wealth is definately not a full means to an end. If used properly, it can make it easier.
That AIG double up on the dip recommendation was a shame, a pure shame. People will believe what they want to believe reality is. Most are not knowledgeable that many Internet sites, such as zerohedge, because they are told Internet posters and news are crazy one winged or another winged lies. It's a good thing that people like Tyler actually analyzes the news and tells more truth than all media outlets.
When your family asks you what you watch to listen to tell them, but don't encourage them. They will get curious without you telling them and will find out on their own and eventually will awaken.
You can't shake someone out of a comma, they will wake up when they are good and ready!
I kept buying gold and silver and then "having cash flow problems" and offering precious metals in exchange for cash from my mom.
I did that every year starting in 1999 until i got her up to five percent of assets in precious metals.
Another thing:
I stopped a while ago, maybe a year ago, feeling bad for people who laugh in my face when I tell them to load up on silver and gold. Honestly I don't care who it is, friends or family or whatever. They are fucking stupid, and I refuse to feel sorry for them. Sure, if the shit gets ugly, I will help those who have helped me through the years, but I will not be supporting deadbeats just for fun or because the government won't pay their social security. I'm trying RIGHT NOW to warn and educate people, and a handful get a bit worried but they never do anything about it. I keep telling them it's going to be wayy wayy too late to buy silver and gold once it goes to its true price of infinity dollars, at that point you'll need silver to buy gold, vice versa, or some skill or hard asset to trade. Paper won't do it. $1600 gold is so cheap right now. It's just amazing how people don't care about the world around them, they don't listen when I explain real terms vs nominal, as long as their 401k goes up they are happy. They just think the government can fix it or the economy will recover so it's all good.
But I was thinking about this last night, and I realized that it's beyond important to get your close friends and family invested in gold and silver. Hell, give them an oz of silver or 1/10 gold for a gift. That way if/when the gov't comes for the PMs we'll have them on our side, since the gov't will be stealing from that many more people. Then again, the gov't is all about stealing from the sheeple, so it probably won't work.
I always wonder why people pay taxes. Hopefully someday it stops and people wake up. Probably not anytime soon.
Gold to da moon! Because this time really and truly is different.
No one listens, I get 'the look,' they all think I'm batshit crazy. So, I gave up.
A mass-awakening will not happen until hyperinflation hits. Then even some won't get it until full-on collapse. Then some won't get it until the new weird currency.
It's nice to see a fellow 25 year old with his head on straight. kudos.
28 yr old here, been here since the beginning
Here is my original account. Logged in member since August 09, found the first ZH posts from May of 2009. Been a daily reader since
You young people hang in there. I got heavy into PM's when Ross Perot ran for President and scared the hell out of me with his charts. I'm now retired in a condo on the Gulf of Thailand with enough gains to live like a king here. With all the money printing going on, you'll do good with a 50/50 gold/silver ratio. Good to get a few young lurkers out to make a post...
double post
For the same reason that victims pay up in any extortion scheme: the consequences of not paying are worse.
Googleplex! Bit... I mean Monkeys!
And gold is in a bubble! Right!
Scotty! I need ludicrous speed now!
I canna do it captain! The printer! She canna take much more!
(and that is the last you will see of Gold because nmewn down below blew old RR's cover and now he has to be retirred thankes a lot newman)
China is Godlike... How long till Japan jumps into her arms... seriously the land is got poluted Tokyo stands idily in the breeze of nuclear fallout... gunna print money to fix it all huh... pretty cool trick... think they should take the rising sun of the Japanese flag and replace it with a Chinese brain.
Proxy attack the Fed, buy silver and gold and hold.
NOW can I short Japanese government bonds?!?
One quadrillion??!!! When are these guys going to default?
They just did.
Caterpillar's giant profit report may not be all that it's cracked up to be.
http://www.cnbc.com/id/42826675
Well of course their profits rose because people use CAT like the BDI as a reference point for the economy; just more "wealth effect" propaganda.
In a more sensible time and among more reasonable people, the discussion would have been on when to implement a broad Jubilee, how to honor debt, which debt is odious and what to replace debt with. A currency reform would have followed as a result, a fresh start for the indebted nations and the people.
Instead, we are being ruled by central bankers who have absolutely no regard for any nation state, any nationals, any race or religion. These central bankers are acting in concert and their political whores across the world are just doing the salesjob to the public.
Is it too late to beat them? Have we but one option and that is to join them?
Drop out
Go Galt
Deal in the cash economy and barter as much as you can.
They havent learned to tax idleness and free time yet.
Or you could join them. We are all joined anyway to the matrix or the borg to some degree.
Well, don't be so sure. In ancient Rome, when taxes rose to the point that farmers stopped bothering to grow food, they were assessed an imputed tax based on what they would/should have produced. The same will eventually come to the United States. If you choose not to work, but the government decides that you can and should, then you will be assessed a tax on imputed income and forced to pay it. The usual exemptions for oppressed minorities will apply, of course.
Article I, Section 10, provides that "No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility."
Being a PM holder is a stealth way to fight back against central bankers and according to the U.S. Constitution one of the most American things you can do.
Yes, agreed.
However, when you're faced with central bankers that have full control over all pillars of democracy and they run the propaganda to manipulate the people, then your PM holdings might not be able to defend you much.
For argument's sake let's assume that maybe 10% of Americans are paying attention and they have PMs in their houses or banks. When central bankers start to spread the rumor that the PM holders are causing the financial problems, basically turning truth upside down as they have done before.. the 90% w/o PMs will see no harm in having you locked up and your PMs taken away for the greater national good.
Central bankers will spin their message and keep enslaving our kids and grandkids for their own personal financial gain and benefit until we stop them. The question is how do we stop them.
That's an interesting angle, opposite what the rest of the world is doing as some foreign governments are actually encouraging their citizens to get into PM's. Utah is ahead of the curve.
When central bankers are desperate and their political whores are failing them, the people can be told that PM holders are hoarding the nation's wealth in their teeth.
I viewed a post yesterday that has this link included. http://www.southernnationalcongress.org/index.shtml
Within this page there is a interesting video, it's long, over an hour. I watched this video last night.
http://snctv.com/AIC_video_fp.php
Does anyone have knowledge of the SNC? If so could you please share your thought's with me please.
Looking for thought's based on solid idea's, principle, is retraction possible, what effect's retraction would have or cause, Is Exercising Sovereignty Possible, possible without war, etc. I'm not interestd in religous, racist remarks, not being blunt, I'm just not.
Just curious if anyone has spent time looking into these style of idea's or is there other group's that have exit strategy idea's with merit out there? If so would you please post a few link's or idea's from group's I could research.
Thank you for your time.
From Jesse's Cafe Americain : http://jessescrossroadscafe.blogspot.com/
Great letter about Silver ETF ; SLV
April 28, 2011
Mr. Laurence D. Fink
Chairman and CEO
BlackRock
55 East 52nd Street
New York, NY 10055
Dear Mr. Fink,
I am writing to alert you to a possible circumstance of fraud and manipulation in your popular ETF, SLV, due to the excessive short-selling of its shares. Current reports indicate the most recent level of total short sales now exceed 36 million shares. This is an increase of more than 14 million shares from the previous reported amount. ShortSqueeze.com
Each share of SLV requires that one ounce of silver be held at the Trust's custodian (minus accumulated ed management fees), according to the prospectus. Since short sellers of SLV shares do not deposit metal with the Trust's custodian, this means that the buyers of the more than 36 million shorted shares of SLV do not have metal backing, as required by the prospectus. It is my belief that many of the shares shorted have been shorted precisely because no physical silver was available to deposit. If I am correct, this may constitute fraud and manipulation, possibly on the part of Authorized Participants (APAs) who make deposits and redemptions of metal in the Trust.
I am a silver analyst and a fan of SLV. I had raised this issue with the previous owner and sponsor of the trust, Barclays Global Investors (BGI). I never did receive a satisfactory answer from BGI about the shorted shares issue, although they did agree to list and publish the bar serial number and weights held in the Trust after I publicly urged them to do so. I am hopeful that BlackRock might be more responsive to this issue.
Publicly-traded ETFs that have specific metal backing are highly unique securities. Perhaps a small short position may be overlooked on a temporary basis until the metal is deposited in the Trust due to logistical considerations. But a short position that represents more than 10% of the outstanding shares issued means that many buyers of the shares have no metal backing. This is clearly not in keeping with the spirit of the prospectus that each share issued be backed by one ounce of silver on deposit with the custodian.
I trust you will look into and rectify this circumstance.
Sincerely,
Ted Butler
Butler Research, LLC
www.butlerresearch.com
Ted, sometimes I think that you are the personification of the definition of insanity, with regard to expectations of outcome derived from persistence of action.
However, keep up the good fight Ted. Although your petitions fall upon corrupt ears, your ministrations to simple folk to gather the means of financial insurance, have boundlessly contributed towards their safety. Thank you.
in the long run ...
every thing
is worth
nothing ...
It is funny, whether it's browser games, or yen, when things get to quadrillion, the system is broken.
Next up, Bernanke and the Queen printing to pay off the fraudulent debt to match.
Or the idiots who say cut all social spending and focus on paying off the fraud.
Glass-Steagall and tell all the idiots to..."fuck off, you monetary idiot"
Now back to the real important stuff. What are the newlyweds in England doing today??
I think everyone who really wants to "reflect" on the PM "bubble" should do so starting with this simple question: what happens when the credit bubble pops?
Think about it.
Everything would deflate.
Here is a side note....with all this soon to be inflation...Capital gains tax revenues will go up along with many more average Joes becoming millionaires just because of inflation...tax revenues going up again...by inflating you up...so the government takes away more...but yet you pay more for the same widget...what a great scheme this is...
Silver $43/oz BTFD while it LASTS!!!
IF YOU SNOOZE YOU LOSE
tis making me nervous
looks like i picked a bad week to quit smoking, drinking, ampetimines and sniffing glue
Oh, crap. I junked you...think of it as a "like" icon!
I started smoking again...3 a day. No medicare for me!
I quit smoking cigarettes last september. It's really all in your head. Now i buy silver and gold coins with my dollars. Yes i am double winning!
To clarify..3 cigarettes a day...not three packs. Like anyone really gives a shit.
fyi you can un junk me by junking me twice
which would mean you rerally really like me :)
Fat finger on a mobile device. You junk when you mean to hit reply.
I figure that is where all my junks come from.
Silver came a long way in a short amount of time..... If you are a trader you should have got out last week.... I think it will ultimately go higher, but does anyone really know. I believe I do know where the US dollar is heading over time......