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John Williams Warns Of "Severe And Violent Sell-Off In Stocks"
John Williams utters his most ruthless words of condemnation not only toward the Fed, but to everyone who is stupid enough to be chasing returns in the face of what is a hyperinflationary collapse.
Euphoric Inflation Insanity. Buying U.S. stocks because the Fed says it will proactively debase the U.S. dollar is like sitting on the beach in order to get a great view of an incoming tsunami. Any pleasure so derived should be short-lived, when the terror of underlying reality quickly takes hold.
If one were to view movement in the price of gold as a surrogate for anticipated inflation, for example, the issues begin to come into focus. Consider that last night's (October 14th) respective S&P 500, Dow Jones Industrial Average and NASDAQ Composite closing levels were up by 7.5%, 10.8%, 12.1% from a year ago, but the price of gold was up by 29.6% in the same period. Relative to gold, which tends to hold its purchasing power over time -- albeit sometimes in an anticipatory manner -- the S&P 500, Dow Jones Industrial Average and NASDAQ Composite have declined respectively by 22.1%, 18.8% and 17.5% year-to-year. This is against the prospective inflation environment being discounted by the gold market.
While stock prices do tend to rise in an inflationary environment -- where revenues and profits are inflated -- rising stock prices do not always stay ahead of inflation. On a constant-dollar or real, inflation-adjusted basis, stocks go through bull and bear markets, just as they do otherwise. If prices do not stay ahead of inflation, investors lose value in terms of the purchasing power of their assets. The equity markets may rally in the upcoming inflation, but the systemic implications and current gold behavior suggest that the circumstance will not give investors a positive real return, as discussed in the Hyperinflation Special Report.
Given the current systemic distortions and extreme irrationality in the equity markets, a severe and violent sell-off in stocks would not be a shock, and it could come with minimal, if any, warning. It also might be coincident with a U.S. dollar-selling panic.
There is particular risk of recent dollar selling -- which has been closing in on historic lows -- turning into an outright dollar-dumping panic, which not only would roil the domestic U.S. markets, but also would set the stage for a rapid acceleration of domestic consumer inflation. Irrespective of any near-term market volatility, gold and silver, as well as the stronger currencies, remain the best long-term liquid hedges against loss in purchasing power of the U.S. dollar.
For more, click here
We sympathize with John's sentiment, but who cares about risk? The Fed will never let anything drop in price ever again. It is now far too late to prevent the biggest bubble in the history of the world, and its subsequent collapse.
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Tell me when the rubber hits the road. Meanwhile I'm collecting hundred dollar nasdaq names.
.
That puts AAPL at what?
Its amazing that we NEED QE2 for this great depression but have enough cash to pay for internet on Iphone, Ipad & Imac.
Besides strategic defaulters freeing up cash by not paying their mortgage, there is some suspicion that consumers are going on one last credit splurge before they default on their credit cards. TD had an article on it a few weeks ago...
When in Rome.....
How do I post pictures on ZeroHedge? I see RobotTrader posting all sorts of pics of pin up girls but pics I want to post (serious pics) never show up.
Only contributors can post pictures. You'll have to settle for links.
Thanks!
Jesus Christ people, at least we still have Oksana, harden the fuck up already!
http://www.youtube.com/watch?v=PYirTC7YF5E
http://www.youtube.com/watch?v=Kfuoi5y8Xag&feature=related
the naughty little school girl look, works for you huh, shorts?
d o e s n ' t m a k e h i m a b a d p e r s o n.
-- Ned
Fuel Injector my toilet feed is slowed down by the large material deposited whenever I 'download' bran muffins. And I don't have the time to get off the toilet, walk over (with my pants at my ankles) and get the plunger. I hired this guy to set up my toilet feed and now I'm going to fire him because he put the plunger too far away to reach!
signed,
QE2 just keeps the US Govt from defaulting - that's the point. US Gov gets the fresh printings via bond purchases. The moment a bond sale fails and interest rates go up, it's game over for USA Inc.
Bond sales cannot fail. FED is selling to prime dealers where they are the owner of the FED. Its a rigged game, they keep interest rates low, give money from back door and they buy bonds from FED, that's the way they can decrease the interest to hypothetical levels. If there is a new sucker planning to buy a bond, Fed sells it with the same low rate they created artificially. If they see less suckers coming they will eventually increase the interest but bond auctions will never fail as the way you imagine..
It seems like you mean that FED will always monetize when bonds don't have enough bidders, via PD's, thereby choosing the slow route to hyperinflation vs. the quick route. :D
When you have to print the money to fill the subscription of any auction that is one of the definitions of a FAILED AUCTION!
Speaking of money printing..
This month I interviewed another Von Mises Austrian, Robert Murphy.
The primary topic of our conversation: Sound Money & AU
Link to the interview:
http://thevictoryreport.org/2010/10/16/robert-murphy-sound-money/
~MV
Excellent interview. Thanks. I really liked his dispassionate analyses ... and his "They have no exit strategy! [to all the printing] ... other than the IMF offering a [pseudo-?] gold-backed replacement".
no, this only means a failed auction will happen if the game riggers (fed owners) care to let it happen, trust me the world ablidge.
Right on point.
Tuna,
you got to have the "i"s to go along with all those new subprime GM vehicles hitting the road.
Call it the "i-onstar" generation.
That puts AAPL at what?
Its amazing that we NEED QE2 for this great depression but have enough cash to pay for internet on Iphone, Ipad & Imac.
The more people like Harry Wanger there are, the less Apple needs people to actually buy their products, eh wot?
I don't own any AAPL right now. I sold at 289, got lucky enough on the Cook rumour to buy again at 275 and sold at 290. I only have precious metals right now.
I repeat, if somehow Apple doesn't knock it out of the park again, you might see this sharp sell off described here on Tuesday. But, seeing how AAPL is TBTF, I can't see how that would happen.
Harry- As part of the team, you weren't supposed to sell AAPL until it hit 310, and put the profit into PM's to keep them pumped. Now what are we going to do?
Repeat, I repeat do not sell GOOG yet until gold is set for a major - MAJOR correction!
Tuna,
you got to have the "i"s to go along with all those new subprime GM vehicles hitting the road.
Call it the "i-onstar" generation.
for REAL. sorry, but been hearing the same shpiel here day...after day...after day...after day. Yep, WE GET IT. You understand fundamentals. Fundies are EXSTINCT. Y'all can't get a grip on the wholly fake bullshiat of today?!? So yeah - it's gonna collapse. UNLESS IT DOESNT because it is RIGGED. /out, been out, MAD staying thr F out....
ohhh you're shaking your tiny fist at me wuth your junks. wahhhh!!!! so, exactly how is what i said wrong? i love ZH. have been here since it was a wee blog. have mad respect fir the folks brave enough to create and maintain this place. for the rest of y'all? convince me there is ANY reason to believe it's ANYTHING but bullsit. THEN i will understand or at least TRY to understand how any of you can still make calls one way or the other. It's an ASS RAPING SHAM.
Plus one, dude.
I'm pickin' up what you're puttin' down.
I'll unjunk ya
Coz i kinda agree - the system is fkd, endemically corrupt and teetering on the edge of oblivion. But i was waiting years longer for the derivatives thing to blow up than i first thought, and it makes me think that many on ZH underestimate the power of vested interests to prolong the bullshit. I also think that the inflationary effect of QE is a much different prospect for a global fiat currency than for , say, the economically quarantined (by equivalent) weimar replublic. The whole world can soak up the 'too much money chasing to few goods' precursory dynamic.
I WANT it all to collapse tomorrow. I just think it will take another few years to really play out in full
I agree it might take years for the murderous regime to collapse but it's fun to gleefully cheer on while spectating their demise in real time. I also happen to know for a fact that, with or without oil, America will be a much healthier (spiritually) and all around better place without the current thugs in power and their completely (unConstitutional) centralized form of coercion, er I mean governance. So will the world.
I'm rereading Gibbons 'Fall of the Roman Empire'... It's amazing how long a totally rotten, discredited empire can continue on sheer momentum.
And the Roman's did not have the benefit of a world reserve currency.
If America follows a similar path as Rome the next steps are a string of outright kings/dictators sans elections and then many small and large revolts of the US military, total lack of moral courage by citizens, followed by economic demands (in gold) by potential invading bands from abroad.
Some of these events are happening now, some to come, and it all takes time to play out.
I have no clue how long it will take the US to unravel. Rome, from the time of the end of the republic to the end of the last dictator took several hundred years. I suspect it will happen much faster in the US because of world's debt based fiat currency system and 'innovative financial products'.
In addition, Rome had the benefit of an occasional great leader during it's emporer period...we, otoh, have had a string of total fuck ups and I see no chance of a real leader coming to power in the US unless the two party system loses it's strangle hold on government and the banking cartel is busted up...unlikely without a significant uprising of the people.
Reading Gibbons now vs reading Gibbons when I was in my twenties...What a dramaticly different take I have on Roman history now. Eeriely similar to what I see happening daily in the US.
Caligula
http://www.youtube.com/watch?v=NJvVEt6F_Xw
Pull yourself together man. If I had a rubber hose...
+1
extinct
Since I presume you can trade like you type (Mad Quik, Yo) why not daytrade long and enjoy the monetization? You should be able to get out if it starts to crack, with those skillz.
ba ha ha ha
equivalent to picking up dimes in front of a steamroller.
...worked for Long Term Capital Management, until it didn't.
The event we shorts are looking for may be AAPL rolling over on their unquestionably, assuredly greatest best beat ever earnings after Monday close.
So wonderful their Q3 and their guidance will be, exceeding even the most sanguine expectation and raining easy money on their legions of faithful holders and supporting the SPY and NAS at nosebleed levels.
AAPL, the sure thing.
Endgame, bitchez. But the timing is soo problematical.
The market can stay irrational longer than you can stay solvent.
Until the market becomes 'rational', if ever, I'm out.
People say I'm crazy doing what I'm doing,
Well they give me all kinds of warnings to save me from ruin,
When I say that I'm o.k. they look at me kind of strange,
Surely your not happy now you no longer play the game...
John Lenon, Watching the Wheels
i'm just sitting here watching the wheels go round 'n round (in gold). I really love to watch them go (in gold).
And that man KNEW irrational.
But the timing is soo problematical.
Why?
Does this mean buy AAPL?
Are the banksters buying AAPL? :D
Yes it certainly looks like it's going to crash any minute......anyone care to measure the angle of ascent from 3.30 onwards -about 89.999 degrees?
I got 89.998576
Try using a double instead of float.
accuracy bitchez :)
lol
"nice";
Until Apple reaches it's preordained target of $350, this market will not tank.....So say's the pope.
When Gil Amelio was CEO of AAPL the entire market cap was worth less than today's price change.
Gil Amelio couldn't have been that bad. If he were he'd be running for governor in California.
He isn't?
Lets just wait and see the bond/debt/credit market reaction to Q.E. 2 and the fine print.
The stock market is a fly on a horses ass in regards to mr. credit, and when he starts spitting up blood again, uncle ben and his pomo will get steamrolled ...
market crashes after election;
everyone's retirement account tanks;
hysteria whipped up by msm prevails;
lame-duck congress passes qe2;
lame-duck implements massive overhaul (aka confiscates retirement accounts);
banksters buy sell-off on the cheap;
hyperinflation kicks in;
i snack on my dried/canned food as i sit on my sofa with my gun and count my gold and watch riots on satellite tv (since msm will not be covering them).
Try the dried apricots; they are delicious.
Not too many dried apricots, though, unless you have sat tv in the bathroom.
UPS just delivered my $1000 worth of dehydrated food stock. I can sit in the bathroom as long as I want, but don't have tv.
Next up, need to get a coffee roaster so I can buy and store 50 lb. bags of raw beans. I be buzzed for, like, forever.
Did you buy it from Costco? I see they are selling that stuff now. Well at least someone is ready for the endgame. :-)
Yeah Costco has one bucket of emergency food supply all right --one of the buckets they sell consists of nothing but extremely high sodium soup packages with a 20 year shelf life. Now as long as you have fire and water your good to go for 200 days for 1 adult.
Holy crap the salt will kill ya!
Try the dried, pitted dates...also, the 'golden rasins' are terrific. Either work well in oatmeal or oatmeal cookies. Throw in some walnuts or pecans and you have a meal. Nice change from sardines and crackers!
Teresa Kerry likes them soaked in gin.
- Ned
+1
Pass the jerky and homebrew.
YIKES! I am not as prepared as I thought! No homebrew!!
I feel better...
Just ordered some of this: http://www.spikeyourjuice.com/how-to-spike-3-easy-steps/
Now, that is what I call a solid investment barkster!
Thanks for the link. Adding a few kits to the preps. Hard cider will be nice to have.
http://homedistiller.org/
Just add creek...
that's pretty ghetto. But not a bad as these http://www.bumwine.com/
ghetto is the new green
+ Mossberg 590
500 pistol grip, with a Rem870 and Benelli M1 Super 90 for backups :)
If you can't solve a protection problem with that and some double ought buckshot, the problem may be unsolvable! Nice! :)
double-aught
Sorry, in a pendantic mood but, agree completely!!!
I stand corrected! :)
http://www.ammoman.com/images2/12GA-TAC9/12GA-TAC9-2.jpg
Hexolit 32
http://www.jgsales.com/popup_image.php/pID/4297
http://www.youtube.com/watch?v=FDAEk9K7UaU
Hey ... a Cheeky wannabe / impostor !!
+1 Indeed. I miss the genuine article... That dude was as sharp as a nano-honed razor.
Cheeky would not have misspelled -aught-.
...might I suggest 12 GA. Flechette Shot Shells....buckshot is so passe....google some of the latest loads from dragon's breath to strung balls...
Pistol grip? Might I recommend the Knoxx Breachers Grip? Is nice, even with slugs...
Can you get the laser sight on that? I want one with a laser sight. Pretty cool stuff.
Bayonett lug is standard on the590...Just sayin'...
but timmay said the market would never crash ?
Pretty much the same thing the Elliot Wavers say - get out and go to cash. All the minor flash crashes lately seem to show how thin the market really is. It just takes one big sell order to trigger all the stops....
apple reports earnings monday after the bell, probably another miraculously managed beat plus great guidance...so maybe it hits 350 on tuesday or wednesday?
Booking Verizon profits this quarter. Vaporearnings, accounting rules be damned. Just hire a Walmart clerk to sign off on it.
I think you're looking at the wrong target.
Not AAPL, it is GOOG.
GOOG 666 is the market top and when the ultimate evil is unleashed upon equity investors.
Apple has much higher price targets than that now. 400-500.
I agree market will not roll over until at least tech earnings are over or Nov. 3.
Apple seems to be in a bit of panic IMO right now trying to force a fad, iPads, down everyone's throats selling them everywhere that has empty shelf space. They've lost market share to Android that will make the iPhone a niche player when all is said and done.
Market rolls over when AAPL does. If we don't see a blowout, and I'm talking blowout, Tuesday could be a killer.
Apple got smart, deal working w/ Verizon.AT&T, no longer sole Dog.
Dummm dee dummmm duummmm.
I would love throw a put at apple, but I have been raped enough trying to short this market. Just gold now.
Very intersting. Dylan Ratigan is discussing with Congressman Garamendi on MSNBC regarding peering into the MBS BS that the Federal Reserve bought along with Fannie & Freddie and taking these toxic assets that were originated upon fraud and RETURNING them to the banks and off the taxpayer backs.
Sounds like a plan.
Chris Walen thinks the put-backs will bankrupt the banks in 2011. Check out the interview at King World News. Interesting stuff...
"will bankrupt the banks in 2011"
No bout a doubt it................
Whalen's a smart dude, probably one of the best. He calls the crew at CNBS "kids".
Whalen is right. I listened to that KWN interview several times and dropped it in favorites. A put back to banks would be end game.
11/11/11 Chronus's balls have a date with the sickle. Do we crash during 10/10/10 or do we just rapidly spiral decline is the question. But the balls are coming off the government's projecting dick is getting punched into a receptive pussy.
i like your vivid description, very colorful thanks.
He was hammering that angle yesterday as well. He's on a mission to get bad RE out of gov backed programs and back to banksters.
Like that will ever happen.
What does John W. say about PM mining stocks in a hyperinflationary stock sell off? Will they suffer price declines too? Or, will they rally ahead of gold and silver bullion?
Inquiring minds want to know!
Depends, how much debt does that miner have to roll? If credit markets freeze up again equity shareholders could lose out.
Why not just buy the Australian ones and get double your pleasure?
Expand your set of probable options.
Government will likely seize them, either directly via nationalization, forced buyout with depreciating dollars (the three weeks it takes to process your check will leave you with enough to buy a donut and a cup of coffee), or otherwise the mine may stop operating, as they can't afford the energy and labor required.
There is no way to know what will happen to mining shares. You are best off using them for speculation and nothing more. If you are relying on them for income, forget about it. Sell them and buy bullion.
For what it's worth, I sold out of all of my mining shares last year and bought metal instead. Though I haven't made quite as much as I could have (I think SVM has doubled since I sold it), I sleep a lot better at night.
Are you a metallurgist? How do you know your coins are real? Where will you store it so you aren't robbed? How ya gonna keep from being robbed or killed when you come back from the post office, having delivered your heavy package? How ya gonna be liquid in an emergency?
Calipers and a digital scale will tell you if your coin is legit; I have never seen a fake. Do you think stocks are more liquid than gold bullion?
Good question. But what are the alternatives:
1. Physical-Are you a metallurgist? How do you know your coins are real? Where will you store it so you aren't robbed? How ya gonna keep from being robbed or killed when you come back from the post office, having delivered your heavy package? How ya gonna be liquid in an emergency?
2. Perth Mint, bullion banks, Sprott. Do they really have it? Will they just steal it?
3. GLD, SLV-Fogettaboutit!!
4. Mining stocks-Will the mine be taken as emminent domain? Will the stocks crash during a meltdown?
Pick your poison-ain't no good choices! Yet choose you must. I split between mining companies and physical.
I randomly test my brass and lead investments most weekends. So far no fakes, everyone of them goes boom.
MAY 6TH is the STANDARD, not October 2008. What ever your stocks did on May 6th they will do again.
[I randomly test my brass and lead investments most weekends. So far no fakes, everyone of them goes boom.]
And that solves your "liquidity" and "what if someone robs you" problems.
(Good post, FEDbuster)
I continue to hear the same stupid questions over and over again...
'How are you going to store it? Protect it?'
Intelligent people have been protecting their gold/silver for over 5,000 years. Are you so lacking in imagination that you cannot protect your own assets? If so, you are the dream that the banksters have been working so diligently to create.
+1
I hear the same stupid dialog. Where is mine? None of your damn business.....that's where!
What are you talking about...?
For bullion, you might consider one of the FISCH kit's. These handy little measuring devices come in kits that measure size and weight for known-good gold bullion. As a Dealer, I use the FISCH as a first line of defense and trust it. Calipers and a very sensitive scale are also very good.
When Trust Matters
I'm glad you used the term "Trust" and not "Faith". I'm all about "faith'd-out" about now. I don't have faith in gravity but I trust it.
No, but I am a chemist.
Flip them in the air. Silver coins ring nicely, fake ones don't. Gold deforms under a fingernail, but is extremely dense and heavy for its size.
I have a nice safe that is bolted to the foundation. You would need a sherman tank to get it out without the combination.
Label as "machine parts", or don't buy in huge bulk.
Everyone wants gold and silver, so it's quite liquid. If nothing else, there are numerous coin and/or pawn shops that will give you a price that is "good enough" for an emergency, and certainly a lot more than you paid.
Now a question for you: what are you going to do when you wake up one day and your paper isn't worth anything?
Answer to the question: use it for toilet paper. Heh heh.
went to my "dealer" two days ago - biggest crowd i have ever seen there in 7 years of going there. lots of asians... also, they were out of almost everything i wanted...
You forgot the cost of redeploying all the troops (trainers? no more troops) from Afgan to the mines. Add support for said troops and the costs go high. May require 7 or 8 ounces of the shiney at then current rates.
FYI - tmosley,
“I learned from George Schaefer that big bull markets almost always end with a speculative explosion. We had not seen that kind of action in the bull market that started in June, 1949. I was convinced that a speculative third phase of the bull market lay somewhere ahead. For that reason I was convinced that the bull market was not over.”
“Today I am taking the same stand regarding the gold bull market. The gold bull market will not end with a fizzle and a whimper. It will end with intense speculation and widespread interest from the funds and the public. We haven't seen that kind of activity yet, but I'm convinced that a period of wild speculation in gold lies somewhere ahead.”
“This is why I continue to beg my subscribers to load up with gold. As I see it, we are nearing a period of intense speculation that will be beyond anything seen before by the last three generations of Americans. Ironically, more money (will be) made in the final explosion in gold than was made during the first two phases combined.”
“Great bull market are seen maybe once or twice in a lifetime. The current "stealth" gold bull market has sneaked up on most Americans. The very phrase, "gold bull market" is sneered at by most analysts today. In fact, most of the comments on gold today come in the form of warnings; "Gold is too high." "Gold is in a bubble." "Gold will sink back below 1000." "Gold is a fool's play."
“Nonsense. Gold is moving ever-closer to it's climactic speculative third phase. The negative comments about gold will only serve to make the gold bull market that much stronger. In this business, there is nothing more powerful than a primary bull market that has been denigrated, spat at, and held back for years.”
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/10/15_R...
...exactly my thoughts.
as for "mining stocks", they will sell off in a 'liquidation of all paper' panic, but will likely recover to a 'reset' value for those who are liquid enough to weather the storm.
How can gold be in a bull market when it is simply reflecting the weakness of the dollar and other fiat currencies that are being printed to infinity?
Gold will stabalize only when people are convinced that currencies are relatively stable once again...and, we are a hell of a long way from stable currencies now.
Gold isn't in a bubble...the currencies are in a bubble collapse.
we have only one example of fiat currency collapse being headed off. Paul Volcker raising rates to 20% in order to protect the brand-name. Why would I convert my $1,000,000 to gold when I can make $200,000 in interest, even if inflation is also 20%. As long as my living expenses are less than $200,000 then I am ahead of the 'inflation' wave and adding to my fiat stash. Thus, fiat becomes attractive again when short-term rates of return reflect rates of printing.
However, in a world where rates of return are far below rates of printing, why NOT exchange my fiat for gold?
The question is: How soon will Bernanke raise rates to 20% in order to make fiat attractive again?
...i can almost here you laughing through the fiber optic line.
20% - he can't do it. The only road left to take is negative interest rates....don't laugh either as the Fed may force you to spend.
In that event, the Fed will be forcing a whole lot more people to buy precious metals, and commodities in general.
I like your line of thinking:)
Hi ho...silver, gold and oil!
If negative interest rates don't work, maybe eventually we'll see some sort of bizarro-world martial law. Instead of imposing curfews, the national guard troops will be deployed to go door-to-door and pull people from their houses, transport them to the malls, and force them at gunpoint to purchase things. Shop or die, citizen.
exactly. in other words, the writing is on the wall. Bernanke ain't no Volcker, nor could he be with our trade deficit and foreign debtholders.
this precious metals trend is going to keep its legs for some time, perhaps beyond this current fiat structure.
Good question. But what are the alternatives:
1. Physical-Are you a metallurgist? How do you know your coins are real? Where will you store it so you aren't robbed? How ya gonna keep from being robbed or killed when you come back from the post office, having delivered your heavy package? How ya gonna be liquid in an emergency?
2. Perth Mint, bullion banks, Sprott. Do they really have it? Will they just steal it?
3. GLD, SLV-Fogettaboutit!!
4. Mining stocks-Will the mine be taken as emminent domain? Will the stocks crash during a meltdown?
Pick your poison-ain't no good choices!
Physical-Are you a metallurgist?
Gold was money for five thousand years until the twentieth century. That only worked because every human being alive in that period was a metallurgist.
Where will you store it so you aren't robbed? How ya gonna keep from being robbed or killed when you come back from the post office, having delivered your heavy package?
Gold was money for five thousand years until the twentieth century. That only worked because during that period every human being had an impenetrable force field.
How ya gonna be liquid in an emergency?
Gold was money for five thousand years until the twentieth century. That only worked because during that period there were no emergencies.
Gold can not be used as currency today because this time it's different. We are not nearly as advanced as those guys from B.C.
I think that about covers it.
BUT U KANT EATZ IT!!111
Actually, you can eat it. People ate it all the time in the middle ages. Some still do.
You can inject it intramuscularly too - for rheumatoid arthritis
It can also help you eat......if you have a cavity to fill.
http://ediblegold.com/
I'm simply trying to point out there are potential problems with all forms of ownership. I think picking more than 1 is prudent
Health care law requires a 1099 to sell gold or silver , is that true? Govt will know exactly what you got!!
"requires".... that's the key word there. I don't intend on paying any capital gains taxes for my metals. In fact I believe that it is IMMORAL to pay those taxes and people that DO PAY THEM ought to be shot because they are traitors; so I won't pay them. And a nice big "Fuck You!" to the "govern-men". You can't get me! I won't pay you!
Just FYI, I suspect every word typed on ZH, the most fundamentally subversive financial site on the net, is being cached somewhere for later reference. By somebody. In case they want to do something. I may be nuts, but I have my suspicions.
I like where your head's at, but personally I'm not announcing shit about what I may or may not do.
Well I am. And I am going to personally take Zbig to his gallows along with Kissinger and it's about time that we stop being TERRORIZED by paper tigers. Do you really believe that the GOVERN-MEN can come collect you?! They are MUCH MORE AFRAID of us than we are of THEM!
I agree about the immorality of it, but dude, that was the ONLY way they got Capone....
I'm with you, Pining.
The walls have ears. Some things are best said only in private, among trusted friends. Also, it's not unheard of for agents to agitate in the hopes of drawing out evidence.
It's hard to convince the young and passionate, though. See how a master deals with it:
http://www.youtube.com/watch?v=b17x1xrju-A
Let us hope that the young abandon their reckless ways before it is too late.