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Viral material after the jump:
Of course Gold and Silver will go ballistic. Not only is fiat money being devalued, it's also insecure:
A must read if you have a "chip and pin" type card.
What?!?!?! Banksters commit fraud on clients and try to legalese their way out of it? Never!!!
Bravo for Cambridge!
Apparently not like the corporate cock-suckers that most US universities have become. A bank has just lost a $ 2,000 money wire I initiated and refuse to take responsibility. Any suggestions how to proceed against them would be greatly appreciated.
I've never had any such experience (yet), luckily. But my first instinct would be to threaten them with publicity. What's the name of a prominent reporter at whatever is the biggest newspaper in your area? Better still if the guy's done some investigative work. Use his name whether you actually know him (unlikely) or not. You don't owe them honesty in how you have to negotiate them to behaving reasonably.
"You know, I know David X who writes for the Chronicle. Maybe he's working on a story about how banks are mistreating customers and could use some information. Would you like me to go ahead and call him or would you like to behave honorably here?"
Thanks, I may well do that. I'm very dubious about legal possibilities but I'm going to see a few attorneys who offer free initial consultations. Am leary about throwing good money after bad.
Again, thanks for your response.
Using publicity is almost always a great avenue for pressuring self-serving institutions behaving badly towards The People. Even the MSM is still useful in this regard at least.
Another avenue is your local federal/state representative. Once, I was unwilling to have a social security number assigned to my young daughter even though the IRS would not process my tax forms without it. I simply forwarded the communications and forms to my federal congressman and in a couple of weeks my refund was in hand. I like to tell people that my congressman was my tax man.
"just lost a $2,000 money wire..."
Use your head Sir, start by requesting physical copies of records showing the transfer and confirmation of same by receiving bank. Then contact the receiving Bank, do the same.
Once you have these documents, contact the Secret Service, oddly enough Bank issues like this is their second area of responsibility.
Fed's got a lot of dirty little secrets to hide, and banks + Wall Street + corporate America have lots of dirty laundry to wash which ensures we'll have ultra low rates and more QE. This is not the end, this is not beginning of the end, but perhaps the end of the beginning.
Very Churchillian. Guys like you, Caviar, should be running things, not the clowns we have had for years, decades...
End of the beginning indeed. Rest assured, BIG inflation is coming our way and despite Bernanke's "100%" remark, we will not adequately contain it. If you still believe in deflation, I strongly suggest you pick up a copy of "Dying of Money." Its an expensive book, but it is worth it's weight in...well you know. Equilibrium Price=velocity*money supply/supply of real goods. Velocity ALWAYS lags money supply, but it ALWAYS rises to establish a new equilibrium.
get it here for free:
The status quo of the USSA will change permanently in 2011, and only those who have PROTECTED THEMSELVES will be ready for the very difficult transition to the next paradigm of America’s existence, which, among other things, will include a new currency (the dollar will be wiped out) that is backed by much, much higher priced gold and silver.
Bix Weir suggests $6000 silver - based on it being five times more rare above ground, and an essential industrial metal - if that's the case, I'll be a millionaire several times over!
or in the very least you could open a successful dentistry practice.
Armchair, I've only recently found Bix Weir, but find his concepts/philosophy intriguing. The idea that Greenspan, Bernanke, and a click of others are working to bring down the world-wide banking cabal might not be too far-fetched when one looks at their formative years (Greenspan's devotion to Ayn Rand and John Locke). And Boston Fed's The Ledger publication of "The Road to Roota" has me making correlations to Baum's allegory of the Gold standard in his Oz book and the docu-film "The Secret of Oz". Very interesting stuff indeedy.
I mean, really... Can you imagine being saved from fiat slavery from a few infiltrators in the freakin' Federal Reserve? Too bizarre...
Hadn't heard of Road to Roota, but it looks interesting, I will check it out more.
It seems farfetched though that alot of these hardcore Secret Society guys have developed a conscience.
I was doing some more reading from his site, and he tries to make the case that Bill Gates and Warren Buffet might be two 'good guys'. Anyone who has looked into what the Bill and Milenda Gates foundation is really for would know otherwise.
While he has a good story, it just seems too good to be true, overlooking some key facts. Bill and Warren moving from being NWO depopulation supporters to help out people out of good will, right....
Unless you have your assets outside of the financial system at the very least a haircut is coming your way. Gold and silver will prove to be the best vehicles to maintain that independence from the financial fraudsters.
well.. he's long, and with china tightening he's going to suffer some pain on the open isn't he... better pimp that position.
+1 huggy baby some pain coming but not for long.
Uhhhh...no. China tightened over the weekend and this piece is over a week old. Wouldn't bet against Embry right now given his record and the fundos re: the metals.
This very Embry piece was out a week ago:
Yah, I'm not sure how we got it early but I had it last week.
Regardless, very interesting stuff. Especially when you consider John's track record.
Read this, too. I posted it on my site last week as a reminder:
Note the date of 7/23/10. When it was released, gold was three days away from its last corrective bottom. Not very many enthusiastic bulls around late last July.
........"The current price of an ounce of gold was negative during the day today in the New York market, to suffer the biggest drop since July, the cause, actions taken by the Government of China to raise the basic interest increasing interest in investing in the dollar.".....
Bring it on. The corrupt U.S. administration is wounded by it's continual violation of the U.S. Constitution and the resulant anger of citizens. The banking system is failing....... and eventually to fall. I'll savor the news of the Fed's dollar failure with some fine Canadian whiskey. Burn in hell Bennie boy.
NONE of our financial problems has been solved.
NO ONE (of significance) of the lot that brought us here is in jail.
ANYONE who can afford gold who does not have any has not been thinking, or does not own a functioning brain.
1999 quote from Greenspan: "In extremis fiat money is accepted by nobody and gold is always accepted and is the ultimate means of payment…"
US holds 78% of its capital reserves, not as fiat paper (like yen, euros, sterling etc.), but as gold. Guess Uncle Sam is a silly goldbug.
I'd rather not buy gold, but what choice do the money printers, deficit spenders, and Wall Street crooks leave me with?
US holds 78% of its capital reserves, not as fiat paper (like yen, euros, sterling etc.), but as gold.
I really don't believe the above statement for a minute. The US sold all or a large portion of their gold long ago. Sad to say.
By extension those foreigners who hold the dollar actually hold a gold-backed currency. That would mean they aren't any worse off than the US government. Hmmm...
The USA hasn't any capital in reserve. It has $14 Trillion dollars of debt and a further 100 T in liabilities that it must pay. And just where are these audited reserves held, pray tell.
If you'd rather not buy gold (Huunnhhh?), then go get yourself a pair of boxing dloves, lace up and give yourself an uppercut. You never know, it might knock you conscious.
'Ethically challenged' folks running the Untied State of Merka...check
Economy in handbasket on trip to warm place...check
Central bank openly printing money (WTF)...check
I'm all out of hopium...check
Can't think of a more overhyped investment than Gold. Buy Buy Buy Buy...even Cramer says Buy. LMFAO!!!!
The Bearing did not junk you (knowing full well that there ARE junky bearings out there), but does have a suggestion:
Buy umop's above mentioned Hopium, you will probably need it.
Gold (and silver) is not an investment, it's a hedge. A hedge against incompetence and stupidity.
This Christmas I gave all the adults 100 Trillion Dollars. Yes, you read that correctly, 100 TRILLION Dollars. Zimbabwe dollars that is. Issued by the Reserve Bank of Zimbabwe no less.
The children I gave silver coins. The 100 Trillion Dollar note may become a collector's item (or not), and the market price for silver may go down (or probably not).
The 100 Trillion Dollar notes represent incompetence and stupidity, and the silver coins a hedge against same. Which side of the hedge do you want to be on?
Personally I never bet against stupidity, as it is almost always a certain bet.
OK, Jimgcpa is not one of my screen names, it's remotely possible that he's legitimate.
I mean I welcome his anti gold post but it seems very weak though. not much help to me, am afraid
JonNadler, things are moving so fast that I have not been able to find out who you are still with! Did Jamie keep you on, or did you have to move back to kitco?
If you are still w/ JPM, are you still stuck w/ Blythe...? Ugh!
Hmm. Might have a hard time having a Happy New Year!
Am everywhere I can shamelessly tell half truths with disengenious logic to scare sheeple away from gold.
Situation bad at JP M, a feeling of doom is in tha air, it's like the bunker in April 1945, with Jamie fantazising about dealing a great blow to the gold bugs, but everyone knowing his losing it, and Blythe is acting like Mrs. Goebbles...if you remember that scene from Downfall...sad...very sad
You the man, Happy New Year!
Explain to me why I keep seeing "WE BUY GOLD" shops opening EVERYWHERE.
When I see those places closing down. Then I'll know that the peak approaches.
Fuckin' A, man!
He. means. 2010.
(I think) ;)
Buy the dip works in all assets. Except .... When it doesn't.
Gold waterfalling down
oh shit yeah,its getting pounded down nearly 2 bucks.
Golden shower, so to speak...
I read somewhere, long ago, that Adolf Hitler liked his golden showers from Eva...
Wonder if they are shorting the shit out of pms offshore, or if the China rate hikes matter.
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