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umm weekly Obama bucks for beer
of course u won't hear it in the US the "Fast money guys" just told me to short gold.
The Dow keeps going up everyday the dollar is weaker. Maybe we can see dow 50000 and the dollar index negative 200.
the system is broken lets get a new one.
In the US, Bernanke and the banksters
just lie about it.
Look at our fraud market going straight
up every day.
Obviously, no real people are involved.
Just banksters and hedge funds along
for the ride.
Up 150 points as the Middle East melts down. Can't make this stuff up.
You'd think they'd be smart enough
to make it a less obvious fraud.
Bernanke, Bold As Love
Yeah and a limp dick attempt at an after hours pullback in metals. Rumbling on the launch pad.
Looks like you got yourself here a real conversation going he?
Crap. I invested the family fortune in fraud because it was doing so well. It had almost more than tripled when we decided to cash in.
Unfortunately, we haven't seen the check yet, and the guy that sold it to us is on Vacation.
Getting long here on USD/MXN on the retest of the lows. Between the commodity (food) squeeze and Export Land Model cross, our southern neighbor may look like Egypt in a short time.
G'luck and bye y'all
ETA: Long @ 11.9948
DR, please elaborate on the Xport Land Model cross. I too am long the dollar on this break below 12.00. My only argument for this was watching the Mexico Bolsa and Mex corporate uptick directly in consequence of the US stimulus programs buying Mex. This stim effect is over and therefor I am in the dollar over the MXN. Any insight would be appreciated.
Thank you for asking. Look at http://www.theoildrum.com/node/7425 also google Chris Martinson's crash course. There is a vid describing the ELM in detail.
I feel pretty confident about this trade in particular because if I'm wrong then the USD would be worthless and billions of people around the will be starving and rioting.
I don't think "the powers that be" will let it get to that. (If they value their heads)
Of course your species has run itself out of cheap energy. So the inevitable may be happening as I type, in which case its all moot but potatoes, beans and water.
I am not devout nor a republicon.
it's the 1st of the month! The market must make it's prescribed move! all is well! (sarc)
Platinum had been still above $1800 like a spider on prey. Something may have just tripped the wire, and that something is time. The other levels were set and the trap sprung. Platinum will lead out ahead of gold, silver, oil, ahead of the dollar and all fiat for the last lap of the race to the bottom.
Platinum's production plateaued in '09. That is a long time when demand continues to surge. It is not used as bullion as much as it is an industrial. It is hard to mine, it only grows with sister metals, and is more rare than silver. Platinum, like silver and gold, is indestructible and lasts for basically ever. It too is the perfect wealth preserver.
How many races until the masses catch on and the average Joe owns precious metal? Well, the time may have dawned on the silver market. Demand for silver is higher than ever. Gold is the popular one when it comes to using it as monie, but platinum may have its time next.
PS, WTI is about to pop one dollar...
Good Day Mr. Hendrix...
My favorite factoid about Pt, is that annual world production is approximately a 6 ft cube.
I agree that Pd and Pt are under appreciated, to this end I have been accumalating a number of PGM miners and explorers. So far, so good.
FYI, Pt is used by the medical device industry since it is one of the few biocomaptible metals. I do not know the volume of use, but it consumption, not recycled.
(I may be off here), but I believe that Platinum is 82x's more rare than Gold.
Production ratio is about 82.... Pt is as rare as gold but mineable ores are extremely rare
SWC is the best way to play the PGM complex. A wonderful unique deposit in the good ol' USA
all platinum ever is like a 20' cube.
a 6" cube of this shit weighs like 165lbs. I wear a Noble around my neck as a tribute to this metal.
Only denser shit out there are iridium and osmium.
Pt rightly should be priced probably 5-10x POG, but the Russians have been selling stockpiles into the market. I think that Pd being less than gold is a true mispricing. If you click a few links you see that Pd and Pt have roughly equivalent production stats and given their similar industrial usage profile, I can't find much of a reason for the pricing mismatches. Either Gold is overpriced or Pt and especially Pd are underpriced.
Pt goes apeshit when Russia works through its stockpiles that it has been selling.
There are like 2 significant sources of Pt in the world, Bushveld and some Russian production at Norilsk. <6Mtoz annually, a fraction of gold. Pd has similar production stats, IIRC; dunno why it's so undervalued vis a vis.
Here's a random google link on annual production of PGMs thru 08
Terror alert issued for wall street: http://www.nbcnewyork.com/news/local-beat/Exclusive-Wall-Street-Execs-On-New-Terror-Threat-Info-114985979.html
The best evidence that al-Qaeda is paid for by the banksters is the lack of banksters eliminated on 9/11. This is but a diversion.
I don't think people want his sympathy so much as his head on a pike. While Egypt is trying to come out of the middle ages politically, maybe it's time for the West to take a brief vacation back in time.
+1 , exactly right. This is probably why he is trying to create the sense of some sort of understanding or solidarity between himself and the masses. He likes his head where it is. "I sympathise completely..." with that.
And right before the end it will be the worst. As the curtain falls on the current crowd of central bankers, they'll give some last desperate wads of cash to their cronies in hopes they can steal every last penny from the populace as they can before finally being dragged away from the printing machine. Unfortunately for this SOB and fortunately for the UK citizenry, the British printing machine has a lot less ink than those at the Fed and ECB.
Brief vacation, my ass. The question is:
Should the blade be made of gold/platinum/silver or should the blade be counterweighted by bags of FRNs, thus making it quicker to reset for the next banksta scum?
the chairman has no clothes.
all eyes on pakistan
OT: 1st of the month.. I just remembered. That's why stocks are soaring.
Just keep borrowing til you can't, live large for the moment, and default when it suits you. That's the new normal. Isn't it? The responsible people will pay, and ain't that a bitch, eh Mervyn, bankster scum.
mea culpa, bitchez!
Gotta applaud the man for speaking the truth.. Take heart Mr. King. What the Keynesian fools have yet to realize is First In / First Out. Hope you can become an example of good behavior in a world full of mediocrity. (and that's being generous)
It's not admirable to capitulate when you're already beaten. If he had said this 2 1/2 years ago it would have been worthy of applause. Now it's just pleading guilty.
What is admirable is standing against the Bernanke mandate when so many others bow down to it. (I've got news redpill, EVERYBODY is beaten, they just haven't woken up to that fact yet)For once, speaking the truth and trusting that people can take it rather than simply try to spin. That's admirable.
I think you're missing the point. He's not standing up to the Bernanke mandate, he's been following it. The only difference is he is running out of track, and sees that the end is finally coming for the UK. He's not "admirably" speaking the truth, he's trying to save his own ass and pretend he is not completely culpable for what will be happening. In the scheme of things, it's probably better for the Brits that they are forced to face reality sooner than the US and the rest of Europe, since the longer the charade continues the more painful the withdrawal will be. We're not so lucky in the US, we still have some time to go before our financial bender finally comes to a sobering end. For those of us who know it will, it's a sickening thing to watch, like seeing an alcoholic slam cheap vodka out of a plastic jug before being dragged away to rehab.
The closer to the end we get, the grosser it becomes, until it's "just one drink left, make it counnttt!" and we have to pray it doesn't finally kill us.
Red, I'm not condoning the man's/UK's past monetary behavior. Yes, he has been following right along. But at last, finally, someone speaks truth. That's all I'm admiring.
The sooner nations stop playing games and address their issues (either by choice or by force) the sooner we can get the multi-year process of moving forward again. There is a lot of pain ahead and admitting the truth and accepting it for what it is will move us through it all that much faster.
It's no more admirable than Jeffry Dahmer apologizing that he prefers the taste of human flesh from his jail cell in hopes of getting out of prison early.
You nailed it...psychopaths never admit guilt. It is always someone elses mistake. Any comment of sympathy for the middle class came from a script writer. Don't imagine he'll take a 25% cut in wages to help out his fellow Brit or cutail his wonderful governemnt pension...nope
Remarkable!! Looks like someone found their conscience.
Just a clip, we didn't see the whole speech. Perhaps it was a prelude to the need that commoners need to just chin up.
Not all Central Bankers are liars
First lighting then putting out fires
But for those unlike Merv
Klepto lies they still serve
May their gonads meet dull locking pliers.
In some previous incarnation Mervyn must have worked the rack in the tower of London, calmly telling the victim to grin and bear it, as he tightened the ropes.
Contrast this with the US where the
bankers and the street are hell bent on
stealing anything you have left.
It’s amazing that someone in his position would be so terse, so direct in his appraisal of the situation
It’s amazing that someone in his position would be so terse, so direct in his appraisal of the situation
Not if you knew an Englishman...one over the age or forty. It is not surprising at all.
As for a comparable American...I'm afraid they are all but dead. They die each day with the WWII generation...leaving us with what we call the Baby Boomers...who are the originators of arbitraging everything around them to death. Never has the world known as more selfish generation of folk than these.
You can still catch a whiff of old America in some of the gen X crowd, those that grew up humble enough to know that their education system had let them down. However, even most of that crowd is clueless now and searching for the white Iphone 4.
Just bring on the zombie apocalypse already, please. Or the fire hoses, please. Anything but the status quo during the biggest financial crime in the history of the world. Anything but the 100% sure Ben Bernanke.
The coup de grace is lying
about the economy and sucking them
into this market.
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