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The One Chart Von Bernankestein Will Never Admit To Seeing
Charting Austrian Money Supply, the Fed's outright security holdings, and commodity prices. Any questions?
(no snow was abused as a strawman excuse for the Fed's mandate of "price stability" in the making of this chart)
Courtesy of Sean Corrigan
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nope that about somes it up...
Hmm... I'd love to see the same clean correlation... But when I look at the chart I see the AMS spike massively in August of '08. That's before QE1.
Someone help me out here. I agree with the premise, but this particular chart doesn't support the above conclusion IMHO.
Looks like a good clean *lagged* correlation to me. AMS rises and within six or nine months, the prices of commodities follow. Of course this is just a small part of a much larger time series that could be graphed, but my guess is you'd continue to see this.
Need some way of backing out declines in the DXY for reasons other than massive printing of money. Haven't thought about the validity of it much, but regressing D(DXY) v c, D(AMS) and plotting the residuals vs D(CDF), etc. might do the trick. 'course, there's also China buying up commodities by the boatload, which isn't reflected in the DXY.
@hoofhearted
not quite good enough for me. Coincidence does not equal correlation. As you said, more data is needed, as is some idea of whatever the underlying mechanism is.
I'm sure that you have some ideas - pity it's so damn hard to test them.
I think the explanation for that is the sudden injection of $700 bln from TARP, but it could be any of the other programs in that time frame that involved bags of cash and helicopters.
Silly little monkey, the Fed used standard measures before QE, thus causing causing AMS to increase before QE.
I guess the date axis just isn't lined up very well. Nothing much happened with the money supply, no matter how you count it, till September 08.
AMS Spike?
Digital money printing.
You don't need to wait for bills to be printed and distributed, just a few keystrokes and...Viola!
Tarp as others mentioned.
Then...the FED money lending at the back door to the TBTF banks at 0.25%.
A great deal of this was likely done overnight and all off the books.
The part that strikes me is how after QE1 commodity prices mirror (but lag) the MMS rather than behave of their own accord like they did before the crash.
Exter's pyramid in action...
http://paperempire.net/2010/11/20/exters-pyramid-and-economic-cycles/
And... $1MM per oz?
The Fed's Nemesis: Exter's $2 Quadrillion Of "Liquidity"
Tyler
Do you think that, once the USD will be worthless, the lemmings will still rush to go to work the next Monday morning?
Regards
Well they are creatures of habit. I mean, heck, after work it is time for football and beer.
Don't knock BEER! The oldest beverage known to mankind! LOL! :)
Beer is the reason we have civilization.
Man needed to settle down and grow crops to insure a good supply of grains for beer production.
Only bacon is more central to cosmic goodness.
Hahahaha! Caught me completely off guard with that last sentence! effing lovely, that.
The old reversal of expectations.
I need to write a book. You wouldn't believe the number of people I work with who think they are funny. Down right painful sometimes.
Exactly.
Take that chart and plug in bacon somewhere; it has almost doubled in the past year.
Where does chololate fit into the cosmic goodness scale?
hi. and we know-how many benjamins it takes to learn that!
Well, Jebus very first miracle was to turn "water to wine".
What about water?
And milk -- I drank milk before tasted beer.
That's the only thing holding elgium together.
http://www.youtube.com/watch?v=sXCbVzGUuQM&feature=fvst
Do'oh
[B]elgium. That should say BELGIUM!
Yes. In the US, there is no other way, no other way that most can even comprehend to think. It will be off to work, purely for the sake of needing to occupy the restless mind that strikes the fear of God into its unconscious host if its needs are not sated, and the habitual behaviour of obedience.
There will be "hope" of a new dawn all the while, being pedalled by some huckster sponsored by the banks who have looted the gold and anything of value.
As all things end, I just don't think that this "thing" we call society ends well.....
Steven - I'm compelled to restate your excellent words.
purely for the sake of slaking the need to occupy the restless mind that strikes fear into many.
re. ends well. Everyone has a chance to wake up.
Thanks for your post.
We have learned to escape, repress and deny our existential anxiety in many ways. Working to pay for things which we use to distract us from finding real meaning in our lives is but one.
This is my first post. Wow....your comment is astounding. So true.
Welcome! Now I'd like to hear your story -- how 'bout some astounding info from your corner of the world, such that it is.
Excellent post. People are socialized to find happiness and meaning in destructive ways when they don't have to.
We have learned to escape, repress and deny our existential anxiety in many ways. Working to pay for things which we use to distract us from finding real meaning in our lives is but one.
I think people have to break out of this realization via consumption approach.
Alleviate some suffering then, Buddha sez thanks...
amen.
yes, but is anxiety really "existential"?
Or, is it something that we all are taught from birth,
taught from our parents and educators,
taught from hours and hours of lookiing at tv, movies, shopping ...
being constantly confronted with our own faults and lack of self-worth?
(so that we may all work harder and spend more, to try to overcome it)
Ever travelled in a third-world nation? I mean, not just staying in the local Mariott,
but eating, dancing, sleeping and praying with the people?
Its a warm, tropical breeze that knocks you over with its joy, fun, and peacefulness.
This society really, really, really sucks ....
There is no "worthless". Negative infinity in action. Something else will break
"we had to destroy the market to save it."
...alan greenspan describing his creative destruction psychosis.
The Ben Tre defense doesn't work any longer.
When the Concentration camps were liberated the prisoners stood around not knowing what to do for weeks - it will be the same here. It will take a few months for the anger to really boil over --
"Real wealth is represented by actual items that people want or need. This can be food, land, natural resources, buildings, factories etc. ...According to Exters theory ..., the levels of the pyramid disappear in order from highest to lowest. "
The second highest tier is "Misc" which represents: "land, buildings, factories etc." It seems counterintuitive that aggregate demand for these items would decrease at greater pace and thus actually proportionately expand investment in stocks and bonds.
We want a gold standard back. Economic empowerment. This sucks.
All I want is one set of rules for everybody. Is that so much to ask for? We don't need more rules or regulations, necessarily, we need the existing ones to be enforced, something that has definitely not been the case the last few years.
Check out the latest from the Capital Research Institute
http://www.capitalresearchinstitute.org
"What is Wealth?"
Wealthy. We have all wanted to be ‘it’ at one point or another. But really, what is wealth? Is it numbers on a computer screen, pieces of paper, gold bars? Strictly speaking, it is one’s net asset position, of course. But in a more fundamental sense, what is it? Wealth is something we want, and yet, we go through most of our lives confusing currency and wealth. The end result: the never-ending pursuit of ever-increasing digits on a computer screen. But arguably wealth is a lot more than just money, it is anything “of great worth or quality”. The other aspects of wealth have been massively downplayed, for most of the last century.
Real wealth is many things, but what will prove to be most valuable in the years to come? The Capital Research Institute presents: The Top Alternative Measures of Wealth for the 21st Century...
Happiness, leisure, good health, and good pussy. That is true wealth. Everything else is just a distraction.
Amen Brother. I may not be rich, But i do have what you mentioned including love and God. Thats why i dont give a fuck about everything else.
our zen master speaks! He often teaches us with blank comments.
Yes, My son. Sometimes words are futile.. Sometimes we need a moment of silence.
Good health requires a healthy diet which will soon be more expensive. Good pussy has always been expensive.
Lol, yes, true that. Whether outright paid for or maintained in relationship status Women are not attracted to a lack of money or power.
It's in their DNA to select the one most able to provide for the offspring. No rocket science there. Big pecs, a three-piece suit, and a full wallet will attract most women whether they admit it or not. Ladies: Note I said "most". Feel free to exclude your individual selves as needed. I don't need no snarky comebacks for laying out the most obvious of truths. Some government subsidized study has without doubt shown this to be true; although its publication has been suppressed for obvious reasons. It's amazing how much tax money is spent to prove the obvious: Rich people are happier than poor people. I coulda told 'em that for $1.50.
"Women are not attracted to a lack of money or power."
No, they're not attracted by a lack of those things. But that's quite different to saying women are repelled by a lack of those things.
I know plenty of non-wealthy, non-powerful guys who get very hot women.
Gold-diggers are attracted to money and power. If you think you need money and power to get a hot woman, you need re-educating in what it is to be a man.
As a further note, I think if you have a room of guys and a woman doesn't find any of them particularly attractive, they'll be drawn to the richest and most powerful.
The key is sparking attraction... and you need neither power nor money (or looks, for that matter) to do it.
I hear you; I was generalizing.
Interesting studies with monkeys; the females of the alpha male(s) will sneak off and cheat with the males at the bottom of the pecking order.
You can be a good man with no power or money and attract a Woman, but only one who has come to value who you are.
Have you ever noticed that it's when you're not attempting to pull a woman, you always pull a woman?
It's not life being perverse - it's the nature of what you're like when you're not trying to pull.
This guy has a lot of useful insights:
www.doubleyourdating.com
I don't agree with everything he says - and he's a bit stiff and mannered - but he's 85% on the money as regards attracting women. I'd always been reasonably succesful attracting women, but had never sat down and worked out what worked, and what didn't. Someone signed me up for his email newsletters and, at first, I thought, WTF, I don't need this. But when I read some of his stuff, then reflected on my own experience, a lot of things clicked into place.
Obviously, he's peddling his course materials. But if you sign up for the free newsletter, it contains a lot of value, gratis.
Of course, if you can already walk into a random bar, and have a 90% chance of walking out with an attractive woman, you won't need this help :-)
Agree on all 4 counts, the first a by-product of 2 and 3, and sometimes 4. I would add insight, knowledge, wisdom, compassion, freedom of thought.
or, in your case, a fleshlight.
.++
merrily we troll along: YouTube - The Who- Go To The Mirror
nice.
and b4 we get to hear's the new boss, same as the old boss, to whom we "should" pay the child s'port, or we go inta DEBTOR'z PRISON, YouTube - The WHO We're not gonna take it
I'm with Chesterfield.
"Sex: the pleasure is momentary, the position ridiculous, and the expense damnable.”
Yo, slewie, ya got ma budz man?
yo, 6: i enbie'd that re-mark m'self, enVoyishly, 0'curse. let's rrrroooolll:YouTube - Roly Poly ~ Doug Clark and The Hot Nuts
sHOlom, BigDuke. slewie out.
Well, tickle my holey!
Until we stop measuring success by "profit" we will continue to suffer the illusion that wealth is a number.
What does it PROFIT a man if he gains the whole world, yet looses his own soul?
...and the spelling bee, too.
Your soul is not loose? Mine is.
As the years rack up, I'm finding everyting is getting a bit loose, myself.
Tom T Hall sums it up nicely:
Faster horses, younger women, older whiskey & more money.
http://www.youtube.com/watch?v=GA-P1FCVKtc&feature=related
he missed out Viagra, probably after his time
You won't get economic empowerment with the gold standard either. Too few own too much of the noble metal and also the means of production. We see what Blythe is doing now. Do you think anything would change ? Nope. We need revolution.
Know what you get at, but IMO gold is just a standard, a control against insanity. That is revolution enough.
You're half right, half wrong. A gold standard is necessary for a free society, but it is not sufficient. We need to get rid of the war makers as well, the "leaders" (kings, generals, presidents, etc.) that indebt us (to the banksters) to pay for their schemes of conquest.
The tricky part is how to get rid of the king without having the commies take over.
Market-determined (ie, hard) money is only half the story. The other half is disallowing fractional-reserve banking.
If a banking licence entitles its bearer to lend out multiples of deposits, thereby inflating the money supply, by definition the money is no longer specie-backed.
The same thing happened towards the end of the depression era during the war years, when inflation was rampant at the same time as chronically low interest rates.
There was something beneficial at the end of that particular rainbow though.
Will the world be flattened on the US' behalf to allow growing out of it again?
I would like to believe we are basically at the same crossroads, where we are 11 years into a world depression where the war is being fought with the apparatus of the corporate-controlled state. In 1942 inflation was so much of a concern, that wage and price controls were federal policy.
See? 2+2 *does* equal pink! : )
Yes, but the equation can be simplified into:
Bernanke=FAIL
no snow was abused as a strawman excuse in the making of this chart)
However, it appears that several cats were badly scalded.
Comments from the famed economist, Bon Scott, regarding the above chart.
http://www.youtube.com/watch?v=fsDpznl8eIs
Transcription of his remarks to be found here:
http://www.lyricsfreak.com/a/ac+dc/highway+to+hell_20003337.html
Very nice. Short and to the point.
when batmanke sez he will "withdraw the liquidity @ the appropriate time," he is really selling the congolese a suzy creamcheese. he started "planning" the "sale" of these ass-ettes in '09, and told us to look forward to the ides of the march hair in 2010, but just screamed thru gotham w/ the retro's fired, instead.
if printing, QE, monetization, murdering children, Benocide, or whatever werksforusjerkz is inflatuairy, hmmm, i wonder what "selling the ass-ettes" would cause? he promises to do so, at the appropriate time.
a) is this just smoke? probably, and the congostatins know it. BUTT:
b) s'pose he actually waxed poletic and actually launched those MBS's into the "economy", just in case we started to wake up to and mebbe stop being mini lionisticalcyanista'z by proxy?
strap-onz of mass destruction, indeedydoooya...
peace.
Slewie, I think we havea mutual admi(nist)ration society going now.
Folks, please pay attention to SthePiR.
He is sharper than a box full of brand new discount nails from Home Despot. Hiding in what only looks like street speak.
ORI
Whose EKG is that?
Let's do the time warp again.
http://www.youtube.com/watch?v=5Ff0cOPSpVA&feature=related
IMF calling for the end of dollar supremacy. Who in there right mind would allow the idiot in charge of the Fed to continue? Only someone who believes the United States has too much global influence.
IMF calling for the end of dollar supremacy...
Don't kid yourself. This is what some within the administration want as well.
According to the CNN article I read (yeah, yeah, I know)
http://money.cnn.com/2011/02/10/markets/dollar/index.htm
they're also talking about pricing (ie, paying for) oil in currencies other than the USD.
The US will veto on those grounds alone.
The Earth Charter - everything is going as planned.
http://www.youtube.com/watch?v=KerfqCh7KeE
Only someone who believes the United States has too much global influence.
Agreeed. US global influence trending lower ... and lower ... and lower.
A day will come when USA start selling nuke weapons to Iran and North Korea, then US global influence will rise again.
awesum! the no. gonnorheanz al-red-y habdem by prozy. her's a fun, kinkylinky for all you shitforbrainedmotherfukinassholioz who romantiZe about armed conflict. the films of these chinese infanrty assaults are in the archives of the US miltary academy. west pt. un-freaking believable! Over 40 yrs. ago, Robert Crumb did a fabulous comic about the chinese sending a missle into the US, loaded w/ people... probably just his head exploding. again.
The Korean War: The Chinese Intervention
as i recall, the "cover story" for replacing DuggieDoggMac was b/c he "wanted to nuke" chicomz so we could win the dance contest. something about his/our men, perhaps, like in japan. nope, let's just draw the line and all go home and be MadMen.
so we had another dance contest. vietnam. and since the US MILITARY was not permitted to win there, either, we lost. so kissinger stroked the deal with mao so we could get presidential muPpet mccain home, alive. operatic, indeed. you know who had henry the K on the leash?
right! nelson ALDRICH rockefeller. but, their family is highly respookted in nyc because of the center, the fun skating, and the awesum chri$tma$ tree, right there at Radio City. one thing about the NY gov and VP under nixon, he died in the saddle!
moving right along to iran: slewie wonders if anyone who believes iran has been unable to, somehow, get its pawz on a nuke 0' three, is smoking better shit than he is.
(i'll have what he's having...)
The IMF controling a one world currency is pretty damn scary. IMF are bunch of evil bastards.
those fuckers .......... i'm sure ROBERT RUBIN is involved in this somewhere ! I won't rest / I can't rest until he's behind bars .
A very noble purpose LynnyBee.
+1
lynnybee, you have LOTS of fans who have not come out!
YES!!! There are lots of rats who have NOT been caught!
lots of rats yet to be shot and / or hung for the publics viewing pleasure.
add, tar and feathered... and / or any other painful death as would be pleasing to the broader populace once they have been educated.
Williambanzai7's Bernanke Crime Family: Rubin=The Scrotum. It's in his Zazzle Store...
http://www.zazzle.com/bernanke_crime_family_poster-228985642377735795
Lynnybee
Relax. Karma. His karma will come back, don't muddy your's. It will not last.
i've read a lot of moronic whipsock crap here, but it is hard to imagine a bigger fukstik taking the race, today. unless there's a Daily Double. why don't you just hop on yer magic toad and hopalong to somewhere else you fuking assface?
slewie? How in the heck are you?
Tell us how you really feel.
<sarcasm off>
Karma is much too slow to prevent everyday human tragedies; it needs the helping hand of a face beating, public flogging, castration, imprisonment, or a good hanging every now and then.
yo, eb, face beating, public flogging, castration, imprisonment, have worked well 4 me, but at least no one will ever accuse me of BEing hung. i'm sure you know what it's like to hava hard on and a rag on at the same thyme. i've been apologiZing to yogi's b/c the lightning didn't steeerike, too. i enbied yer alpha string, but i gotz dissy amout mz. Z. i've alwuz bin part L to womes: use em, abuse em, lite the string and see how thay below widder own cork gun:
this is the rag: YouTube - Country Joe McDonald - I-Feel-Like-I'm-Fixin'-To-Die Rag
at list it's not a fukinfugue!
You must have some good shit. Hash oil on aluminum foil?
Beaver dam but you put my decoding skills to work...not sure i got it right...but I enjoyed it.
Love the Who clips, seen them twice live, oh yeah.
Thanks for the Country Joe McDonald link...ten years before my time but I would have been there.
Starve the fucking beast! Otherwise, get your AR 15s, AK 47s and AR 10s and take to the streets.
And stewie: wrap your shit tighter, the ephemeral just doesn't cut it.
Karma ain't good enough. It's not satisfying. We want humiliation and flogging in the public square with him in the stocks for weeks on end. Let him defecate on himself and be forced to lie in it. So, there.
We first need to check that humilation, flogging, and Cleveland steaming on himself ain't pleasurable...
Damn. You're right. How 'bout we do the Hannibal and Ray Liotta scene where he eats his own brain? I like that scenario -- a win-win for everybody.
Am I bad for laughing at your exchange? I am not supposed to, I am supposed to be a sensible girl and shocked and all...
ROFLMAO
I'm not made of hate. I wasn't built that way. It just kinda grew on me if you know what I mean. That and I loves me Rocks and Hulk.
Aw, shucks, Missy....
This Austrian money supply is off the charts yet the IMF commodity index is not even close to its 2008 highs.
Quantity theory of money my arse.
Have you any idea the amount of debt money that has been destroyed between now and then? Getting back to 2008 highs is an epic accomplishment of printing prowess.
Money supply growth is a leading indicator. Be patient.
Some sycophants believe/d that the PDs et. al, will just sit on their stash, thus forgetting that these are greed driven bastards we're talking about. What good is a stash of cash that you can't splash around?
As commodities climb, the doe will leak out faster and faster. Who wants to be left holding the bag?
While the music is playing, its time to dance, yes?
OR it means commodities are still way undervalued. which i believe is the point to take away from this.
Bars are highly overrated. He needs coffin, periscope, and a bell to ring.
Bernank got glasses?
ben was looking at the chart upside down
No questions here.
FED ultimate mandate
1. Maximize unemployment.
2. Destroy price stability.
3. Distort market price discovery.
Looks like the FED has done all 3.
You forgot;
4. Skim what you can. - Collect interest on imaginary asset creation.
5. Load up your pals via leaks and direct handouts - Pomo.
Great news! The Chinese just approved a new limit on the US national credit card. You've been approved!
Is Ben Bernake part monkeynesian?
Only the part not made out of apeshit.
when money was created by borrowing for lodging
the price of housing went up. hmm. when money was cratered/created
by bailing out tbtf speculators and rescuing their risks
in assets their better judgement sent them into commodities
essential to life....food, oil, etc. obviously a bubble in asset/
commodity prices
built off of the collapsing deflating prior asset re bubble and
juiced with fresh money from the fed to the largest and most
in need of rescue speculators. so apparently it is all the fault
of populations who wish to sleep indoors, eat and save "money".
punishment ensues. many will be put out doors, with no food
or money... no bailout.
ben has refused to accept that there are any asset bubbles or
unjustified increased asset prices as this is his business, creating
monetary and commodity price inflation. this is all he is to do, the
only thing. print the money. and of course distribute it to the
primary dealers, for the most part. they will control the world from there.
.
Jamie Dimon: Address to HBS MBA Class of 2009, Class Day June 21, 2009
http://www.youtube.com/watch?v=9T9Kp4NE5l4
.
.. for those looking for advice who did not graduate from harvard bs. it is nice
of them to put this up on u tube. ( i was looking for the clip where j.d.
blames savers for the economic collapse but couldn't find it ). so there is this
http://www.youtube.com/watch?v=XtnLqMkkElk&feature=related
and this is it. minute 2:50..."what caused the crisis, you did." refering
to the risk averse. i know, this is old material, but this guy is trying to
explain the problem of the crisis and does mention everything but the cause.
the fed. and it is a big joke to him, this socio-economic failing. starvation,
war and depression. he is a "leader" with a high eq (emotional quotient).
anyway..
you alwayz make me wanna take a big dump, but i think i'm sufrin from macro-de-generation. i've got the dyspeptic di-opses, too, BM. i think i'll just taka nice hot bath and play with a big sub in the tub.
@"you alwayz make me wanna take a big dump, but.."
thanks, good to know i haven't been wasting my time here.
at your service slewie d' pir ate.
I see a soon to be dead economy.
As in all things exponential, the rush of the acceleration that we are entering will be exhilarating and devastating. Hang on to your hats boys and girls, the ride is about to get serious.
How long before they swap out Zimbabwe Ben. I'm disappointed the oligarchs don't have better liars in there. Hell I daresay I could do a better job. It's not hard, just think about eating an apple while you read your prepared statement and field prepared questions. He is way too nervous looking. Don't think the guy can handle the pressure of being the guy killing the Dollar. As this thing gets more off the chain I expect Ben to talk less and never live.
More gold, friend Shameful!
Power for me? No thanks.
I prefer to talk..., kind of under the radar... Not that I have anything important to have or say (ex. physical)...
Look again harder with an open mind at FOFOA...
I got a couple of Eagles coming in (damn premiums were close enough to warrant it), but Jan/Feb have been expensive months for me.
I would love to be Fed Chairman. Granted I would act like a playboy, show up to the hearing escorted by models and actresses in a vintage Rolls. It's only fitting the leader of the most powerful entity on the planet should go around in style. People wouldn't be talking about my policies they would be talking about who I was dating :)
I glanced at FOFOA's GLD thing and that might be right, but I doubt GLD has much gold. But in my mind he cannot explain some very fundamental problems with his theory, largely it's application when that knowledge spreads, or how India fits in. He's a smart guy but even he says he takes the statements of Another and FOA as fact and moves from there. I hold most of my meager wealth in gold, but I do not expect a revaluation like he does, more a inflow of intrest due to worldwide devaluation of fiats. I own gold because it's low weight to value (I'm a big man and my silver stash is large enough to make me dread a distance carry with it on my back) and EU tax laws. Looks like I might be able to pick up another passport after all. Just waiting on a law to pass and see what hoops I'll have to jump through.
FOFOA is making some big assumptions, and not entertaining a possibility of being flat out wrong.
We have limited information - a great deal is done in secret, we can use the information we have to model a best fit - but we cannot know.
Silver is good in my book - I would need a truck to carry mine, I also have gold and farmland (horses don't need gasoline btw).
Those who state they 'know' are to be treated with great skepticism.
"We have limited information - a great deal is done in secret, we can use the information we have to model a best fit - but we cannot know....
Those who state they 'know' are to be treated with great skepticism."
---
exactamente!
DCRB -- right! I picked up a 1981 1/2 onza Libertad today for $600 and was happy to get it. Seller was really happy with the trade. Wow, just imagine, some rag paper with green ink on it for a half ounce of gold!
gideon sez: pls consider taking it to an ANA dealer immediately, if not sooner. heve him measure it w/ the caliper and weigh it, and get a second opinion. no matter what s/he sez, splash down for a silver eagle or an inexpensive proof set (57-64) and negotiate for cash, or try a little push, somehow. if you do this, (s)he will know you value the consult, and it doesn't 'cost' much, either, if ya think about it. linda brady trayham, over on Agora's Whiskey and Gunpowder opined last summer that premiums on "collectible, old gold and silver coins" would vanish soon and was very prescient, here. the incused $5 wahooz were the first to fall. last week i was trollin for a bite and i saw tubes of barber 10c, 25c under glass. they may be ditto. i didn't ask the price, since i didn't want to scare the billfish.
peace.
the chinese are fabulous counterfeiterz. the old trade dollars (1873-85p,s,cc)also designed by wm. barber are a fine case in point. i saw them, advertized as counterfeits, online, years ago from SoCal, in ALL grades, and priced according to grade.
Damn good advice. Since I am an ANA dealer I agree fully. It grades about AU-58 so I'm happy.
Numismatic premiums for precious metal coins are shrinking quite rapidly, true. Very little spread from spot for common date St Gaudens double eagles.
Dig this:
Counterfeit coins from China turning up in Wash. stateThere would be no point in substituting you for Ben--you look too much like him!
yes one tubby midget is quite enough thanks
"Rumor has it," David Rockefeller said as he swirled his wine glass, "Bernanke shits 100 Oz bricks of Tungsten!" He nodded gleefully.
Ted Turner's eyes brightened. "You mean we could slowly stockpile Bernanke's Tungsten, and replace the vaults?!" He twirled his mustache with excitement.
"Yes! YES!" Laughed David.
Boy were these two global planners in a tiffey. Kicker was, Bernake couldn't shit bricks of tungsten. His crap was just like everybody else's. These two dumb boys had been tricked into a jiffer. After the fateful night drinking wine and risking the world, the boys had done used all of their resources and were now sought in force.
"What do we do?!" Yelled Ted over the howling wind. Him and David had decided to climb shit mountain and had gone and wound up on a limb. Literally. They were chased by a pack of wily gypsies who had been forced to live on shit mountain hundreds of years before when they were sent to shit reservation. They had been chased off of a cliff and were hanging from the roots.
"I've got a villa in the south of Chile. We just need to loose these bandits!" He was slowly loosing his grip.
"Ah, can't hold on." Ted let go. David looked out and saw dozens of hungry eyes. He knew he had put himself in this position. There was no way out.
Ted's "friends" screwed him out of $7B dollars. His ass has not been virgin for a long time.
avast: Land HO, ye cumbubblerz!!!
Cripes, for a second there, I thought I read that Ted Turner twirled his mustache with excrement, not excitement. Hey, with high-ranking demon David Rockefeller on the scene, it wouldn't be that incongruous...
Somewhere along the way it was decided that the US has peaked. Economic policy since that time has been designed to allow TPTB to feed off the carcass and redeploy wealth elsewhere.
Well before they do their final stage call, there will be some more fucking that needs to be done . One more stomp out in the Dow and a nationalization of the baby boomer retirement plans should just about do it for this country.
Yup. One more business cycle left to squeeze out all the juice they can get and move corporate headquarters overseas. Then exit stage left and out of here when the next recession hits. Average citizens will never even know what hit them
...and exactly where are they going to go?
The stuff has been piled so deep amd spread so wide this time
that there is no place on earth free of it, no desert island,
no tropical paradise, no naive aborigine reserve ...
"they" have really got themselves in a pickle, this time ....
And the frogs still sit in the saucepan!!
Now, they know it's getting warm, but still have no need to get up and ask why/ do something.
http://maxkeiser.com/2011/02/12/ote96-on-the-edge-with-catherine-austin-fitts/
OTE96] On the Edge with Catherine Austin Fitts
February 12th, 2011 by stacyherbert
Stacy Summary: Max interviews Catherine Austin Fitts. They talk revolution, Ben Bernanke and the US dollar being a unit of war.
.
fitts... "his (ben's) mandate is to suck huge amounts of capital out of north
america for reinvestment in the emerging markets and, if i'm right, in space
and,and keep the system liquid and floating while he does it so that as
few people as possible notice what's really going on." ..
..
Thanks for posting this. She has an amazing set of balls. Impressive resume and tells it like it is. Surprised she is still breathing.
inspiration is always surprising!
tx.
they tried to kill her