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Paul Mylchreest's Latest Must Read Report: Gresham’s Law Squared – Gearing Up For Game Over

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From Paul Mylchreest's latest must read Thunderroad Report

Gresham’s Law Squared - gearing up for Game Over (pdf)

It’s getting serious, Gresham’s Law is kicking in and this isn’t any “run-of-the-mill” Gresham’s Law either – it’s “Gresham’s Law Squared”. Not only is there huge hoarding of gold and silver, but it is being compounded by the simultaneous transformation of the gold and silver markets themselves. Having been dominated by paper claims to bullion, all that matters now is ownership of the physical metal itself. The price of gold and silver on your Bloomberg screen is actually a HYBRID price of physical bullion and a larger amount of “paper” bullion, e.g. unallocated gold and silver, exchange traded futures, OTC derivatives and some ETFs. The paper bullion price and the metal price are still the same, but this market structure (which had successfully channelled much of the demand away from physical metal) is now breaking down.

When the screen price accurately reflects the prices of physical gold and silver per se, they will need to be FAR higher than you see today. Right now, the frontline in the battle between “real” money and paper currency is in the silver market, but most remain blissfully unaware of the significance of what is taking place. The world’s financial system, as currently configured, is falling apart. The vast majority, including bankers and brokers (who should know better), don’t appreciate it – a sort of tragi-comedy really. The bubble this time is in the money, so nobody will be spared. Buying gold and silver is the fear AND greed trade!

So here we are, waiting for the “event” which triggers a loss of confidence across the system. Will it be a sovereign, a US state, a bank, QE3 or QE5, the oil price, Chinese fixed investment, a false flag event (a convenient distraction/excuse) or a revolution? When it happens, the speed at which capital will move in today’s over-liquefied world will take people’s breath away. Where will it go? This is the global end of normal (baby) so that, first and foremost, it will go into the strategic assets - gold/silver, energy, food/agriculture, rare earths, etc, (as well as the equities of the financially strongest economies).

Bernanke’s QE2 is nothing short of economic warfare, in the form of a wave of inflation, directed at the rest of the world and even his own population (at least anybody without a large stock market, commodities or precious metals portfolio). This inflation is not temporary, as per the false reassurances, it’s baked in. Here is Martin Armstrong recently talking about the US budget deficit:

“A friend of mine on Capitol Hill, among others there, tells me there is no solution whatsoever until there is a MAJOR crisis”

In response, creditor nations have no other choice than to cut purchases of US Treasuries (China is selling), leaving the Fed increasingly standing alone. Rampant or hyperinflation results from the complete loss of confidence in a currency and we are being steered in this direction by the gentlemen above. Sure, they are smartly dressed, well educated (kind of) and pretend to know what they’re talking about with their carefully worded “policies”. It’s all NONSENSE. All they’re doing is leading us down a well-trodden path which has happened time and again throughout history.

In the meantime, there is evidence that the correction in gold and silver prices during January/ early-February-2011 only accelerated the process of Gresham’s Law Squared. In this scenario, buying some junior gold and silver exploration & development plays could translate into “Gresham’s Law Cubed”. These stocks should have the greatest leverage to bullion  prices in the medium term if they execute well and big funds, as well as retail investors, increasingly buy in. Examples from the 1970s prove this in spades – I wish I’d owned the “5,000 bagger”. I’ve cut back some positions in some major gold and silver companies to fund small positions in a string of these (admittedly risky) juniors. I already had positions in ECU Silver and  Fortuna Silver mines, which are development plays/early producers, and I’ve bought some South American Silver, Bear Creek Mining, Vista Gold, Minco Silver, Gold Bullion Developments, Arian Silver, Axmin, PC Gold and Majestic Gold.

Like wild dogs which have been cornered, our central banking friends are likely to strike back at some point, since gold and silver are their mortal enemies. So expect the unexpected. The enemies of gold and silver are twofold, benign economic conditions and rising real interest rates. The former is not on the horizon, so they might try to bluff the market into believing the latter - for a while anyway. We all know that they are well behind the curve on inflation. So don’t be surprised if, for example, a manipulated Non-Farm Payrolls (unemployment) report out of the US is used as the catalyst for a (small) coordinated rate rise across the US, UK and Europe. The problem for these gentlemen and their political brethren is their insane policy of trying to solve a debt crisis with MORE DEBT. We are already past the point of no return in the current monetary system and anything other than a very modest rise in rates will only bring systemic collapse sooner rather than later. Hu Jintao was only stating the obvious on 17 January 2011 when he said that the dollar reserve system is a “product of the past”. The bark of these wild dogs (and “monetary drug dealers”) is much worse than their bite.

If you think about it, the whole basis of world finance and the world economy as we know it - and all those millions of forecasts for corporate earnings and economic data generated by legions of analysts in investment banks - are based on one critical assumption. It all hinges on the “greater fool theory” continuing to apply to buyers of US Treasury bonds (and the debt of other western governments along with Japan) and that a demonstrably insolvent US government can continue to find “investors” prepared to lend it gargantuan amounts of money. Kick away the rotting foundations beneath the world’s reserve currencies and everything changes.

Do you remember the bit in the movie, “The French Connection”, where the mobsters bring in “Howard the chemist” to test the purity of the smuggled heroin. Howard puts his apparatus together, heats up the “testing material”, and comments as he watches the mercury rise: “Blast off: one-eight-oh…Two hundred: Good Housekeeping seal of approval. Two ten: US government certified. Two twenty: lunar trajectory, junk of the month club, sirloin steak. Two thirty: Grade A poison...(the mercury finally hits 240) Absolute dynamite! Eighty nine per-cent pure junk. Best I’ve ever seen.”

How about “Triple A-rated” poison instead of Grade A poison?

Just as “strange women lying in ponds distributing swords is no basis for a system of government” (quoting Monty Python), the greater fool theory shouldn’t inspire confidence in our current financial system, but it should inspire a response. Gresham’s Law is global, are you in or out?

Must more in the full report:



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Thu, 02/24/2011 - 20:21 | 995285 mynhair
mynhair's picture

TBT, bitchez!

(Had our 'convient distraction' since 2009 - Owebama)

Thu, 02/24/2011 - 20:58 | 995409 buzzsaw99
buzzsaw99's picture

Pay my coupon [bitchez]

Thu, 02/24/2011 - 23:19 | 995772 hamurobby
hamurobby's picture

Speaking of "that" is there any way that maybe if the fedres buys all the treasury debt, they can get a "discount" rate from Benny to the prime rate? I mean, shit, since we went down the rabbit hole and no one flinched, would that make anyone upset? or just say, "see everything is fine with the debt!"

Thu, 02/24/2011 - 23:42 | 995821 trav7777
trav7777's picture

Look, this stuff is pretty simple-

the currency is based on debt.  ALL debt's "value" is assessed on its ability to be repaid plus interest.  The money IS debt and it's clear that the future cannot repay today's debts, the fundamental nature of our monetary system is what is imperiled.  It's not a matter of this currency or that currency, it is aggregate confidence in the growth system and the future's ability to repay today's debt/money.

Fri, 02/25/2011 - 11:42 | 996932 centerline
centerline's picture

Damn Trav, you need need to post more often to keep some folks from wandering off into the microeconomic booby traps... getting all caught-up in the details and flipping out.

Thu, 02/24/2011 - 20:21 | 995291 chump666
chump666's picture

China selling...being saying that, on wires check moody's getting itchy for a rating cut re:US at some-point.

China is gonna force austerity onto the US...

 right now all risk crosses (FX) are bid as the USD is sold, M2 money supply up. 

China going nuclear...what a trade that will be

Thu, 02/24/2011 - 20:29 | 995311 reader2010
reader2010's picture

China's acting like fucking itself in the ass. Washington will have to bring *democracy* to Beijing in no more than 36 months. World War III will stimulate in a big way.

Thu, 02/24/2011 - 20:44 | 995364 EscapeKey
EscapeKey's picture

No point to attacking China. WW3 will be about Middle Eastern oil.

Thu, 02/24/2011 - 20:48 | 995374 Michael
Michael's picture

There are more than one new world order sects in the world. You have the Socialist US/European Democrat style NWO sect, the Communist NWO sect, the Islamic militant NWO sect; all unknowingly being used by the International Banking Cartel NWO sect.

Who do you think will win? My money is on none of the above but rather, the Ron Paul sect.

Thu, 02/24/2011 - 20:54 | 995398 EscapeKey
EscapeKey's picture

I don't really buy into this NWO stuff. I think everyone in a senior position knows peak oil is about to hit - hard - and all the geopolitical movement over the past 10 years has been gearing up for the event.

They can't even set up a functional currency for the European Union, which is a fairly nuclear unit - what sort of statistical likelyhood would there be for this to work, worldwide?

Thu, 02/24/2011 - 21:45 | 995542 Mad Max
Mad Max's picture

I considered "NWO" so much tinfoil hat crap for a very long time, but events of the last year or so have caused me to reconsider.  Too many strange things are happening in a pattern that fits claims of NWO plans and doesn't fit much else.

Thu, 02/24/2011 - 21:57 | 995574 EscapeKey
EscapeKey's picture

I look forward to seeing the NWO force the Greeks' into austerity - considering the country's been serially defaulting for the past 100 years. And that's just one example.

Thu, 02/24/2011 - 23:57 | 995865 dark pools of soros
dark pools of soros's picture

austerity causes a country to turn into Mexico... we already did that to them. go check the books.   No one works hard once they are in debt prison




Thu, 02/24/2011 - 22:41 | 995606 nohweh
nohweh's picture


Thu, 02/24/2011 - 23:08 | 995747 cougar_w
cougar_w's picture

The "new world order" has been around for at least 500 years.

It's called banking.

It is neither coming nor going. It might change shape a little. I doubt you will notice if/when it does.

Fri, 02/25/2011 - 00:11 | 995904 Flakmeister
Flakmeister's picture

Occam's Razor is very sharp tonight, indeed.

Thu, 02/24/2011 - 22:15 | 995620 samsara
samsara's picture

 I think everyone in a senior position knows peak oil is about to hit - hard - and all the geopolitical movement over the past 10 years has been gearing up for the event.


Drop dead on again.

Remember Cheney's speech in 1999 about Oil demand in 2010? . 

"By 2010 we will need on the order of an additional fifty million barrels a day. So where is the oil going to come from?... Oil is unique in that it is so strategic in nature. We are not talking about soapflakes or leisurewear here. Energy is truly fundamental to the world’s economy."

If you know it's going to crash,  You pick the most opportune time and place for your side.

THAT is the end game.

Thu, 02/24/2011 - 23:12 | 995753 cougar_w
cougar_w's picture


The reversion to a solar-driven economy based on human and animal power will shake the human world to its foundations. It will be like a continuous 20 year long magnitude 9 earthquake.

Thu, 02/24/2011 - 23:28 | 995789 hamurobby
hamurobby's picture


move closer to work, a good food source, and within ten miles of a nuclear power plant.



Fri, 02/25/2011 - 08:54 | 996521 samsara
samsara's picture

One more from the link I posted above.


For the world as a whole, oil companies are expected to keep finding and developing enough oil to offset our seventy one million plus barrel a day of oil depletion, but also to meet new demand. By some estimates there will be an average of two per cent annual growth in global oil demand over the years ahead along with conservatively a three per cent natural decline in production from existing reserves.


That means by 2010 we will need on the order of an additional fifty million barrels a day. So where is the oil going to come from?


Thu, 02/24/2011 - 23:35 | 995808 nscholten
nscholten's picture

I don't really buy the peak oil theory.. I know it makes sense.  It really bakes sense for the oil companies.  It is always massaged just enough to keep profits the highest.  $8 billion a quarter isn't bad money.  I mean you do need the subsidies of course.... I'm mean you have got to make a living.

Can you imagine what would happen to Exxon profits if the world had the perception of mass oil in the ground.

Thu, 02/24/2011 - 23:40 | 995818 Mad Max
Mad Max's picture

I really don't buy the friction theory.  I know it makes sense, and it's consistent with my personal experience, but this whole "friction" concept is just mighty convenient for all those oil companies wanting to sell me gas for my car and oil to lubricate things with.  I think they invented friction to maintain demand for their product.  Any time they want, they can turn off friction and we can forget those stupid laws of thermodynamics.

Fri, 02/25/2011 - 00:00 | 995872 dark pools of soros
dark pools of soros's picture

just throw some baking soda in there and forget about it

Fri, 02/25/2011 - 00:17 | 995918 tmosley
tmosley's picture

Peak oilers never seem to understand thermodynamics.  They keep quoting it as if the fact that you can't create energy from nothing means anything in the face of the vast amount of energy raining down on our heads and radiating up from our feet.

But hey, don't let the facts get in the way of your death worship and Mad Max jerk-off fantasies.

Fri, 02/25/2011 - 00:28 | 995949 oygevalt
oygevalt's picture

Do you believe that in 10 years we will continue to be relying on foreign oil imports?  20 years?  Serious question.

Fri, 02/25/2011 - 00:54 | 995966 Flakmeister
Flakmeister's picture

Well we better get our act in gear, n'est pas? Here is a great link that describes where we are: note the solar and geo-thermal contributions.

There was also a really sharp guy who was requested to write up on the implications and transition from oil

He did fuck up in that he thought it would be a sharper peak than the plateau we are on, but he did demonstrate that this is at least 20-25 year transistion and we are 5 years in with the equivalent of 3 months of work done. I read the report shortly after it came out.

The free market will fail because oil will be too economic until it is too late. It is the classic catch 22 and the problem of properly discounting future value. 

Fri, 02/25/2011 - 00:47 | 995972 Mad Max
Mad Max's picture

Peak oil deniers never seem to understand sarcasm or irony, or to be particularly good at reading comprehension.  They keep misreading statements and then attacking the strawman that they themselves created.  Analogies are difficult for them.  They keep preaching as gospel that the fact that oil is still being produced means that infinite amounts will be produced forever and ever.

But hey, don't let facts get in the way of your dopey religious cult and cornucopian jerk-off fantasies.

Fri, 02/25/2011 - 00:51 | 996007 Flakmeister
Flakmeister's picture

Tmosely is actually fairly sharp... However, he did get fooled in the first round of the debate that started in 2005 where the deniers were sucessful in framing any peak oiler as someone who thought we would be fertilizing our gardens with our own feces by 2010. By deniers I mean the astroturfers with pockets lined with Exxon money and outright corporate shills like CERA... So now he uses that same old line... too bad.

Fri, 02/25/2011 - 01:06 | 996033 Mad Max
Mad Max's picture

Good to know on all points.  However, I am happy to return snide and condescending comments.  I do find an amazing number of people who seem to fully grasp one or two major issues but lapse into magical (un)thinking on other important issues that shouldn't be any more difficult to understand.  I think much of this has to do with one's ego and subconscious personal identity.  For example, those who grew up since boyhood viewing a fancy car as an important feature of their very self are utterly terrified, even if only subconsciously, of losing that part of themselves.  Those who focus on cash money as their concept of wealth may be unable to comprehend hyperinflation as a risk.  Subconscious terror is quite effective in making people believe things that are demonstrably false.

Fri, 02/25/2011 - 01:15 | 996045 Flakmeister
Flakmeister's picture

Yeah, it does kind of bring in the whole value system into question doesn't it.

Well, it's been a long day at the Hedge. Time to check out...

Fri, 02/25/2011 - 02:27 | 996171 trav7777
trav7777's picture

lol...I have fancy cars.

I also am #1 PO guy around here.

PO is not the end of the world.  It needn't be.  But the unicorn beliefs of the deniers...TM talks about solar energy.  WTF does that have to do with an OIL peak?  Answer: nothing.

He's trying to skip ahead to a rebuttal of the CONCLUSIONS of some of the POers, and in doing so attempting to refute the entire thesis.

Fri, 02/25/2011 - 13:30 | 997299 Imminent Crucible
Imminent Crucible's picture

Let's not take this thread any farther to the right. It's getting too narrow and hard to read.

Fri, 02/25/2011 - 00:44 | 995980 Mad Max
Mad Max's picture

Double tap.  Cornucopius must be upon me!

Fri, 02/25/2011 - 01:24 | 996065 JW n FL
JW n FL's picture

people say it wrong... that is why most of the little people can not grasp the idea...


it is not "PEAK OIL".

it is "Peak Conventional Oil"... which is to say sweet lite crude is no longer the lions share of what is available for the needs of the many.

Fri, 02/25/2011 - 01:31 | 996080 Flakmeister
Flakmeister's picture

No it is peak liquid energy...If you change the definition of oil as you go you can always say it isn't a peak...Hell they are doing it as we speak.

Fri, 02/25/2011 - 02:28 | 996173 trav7777
trav7777's picture


ANY physical resource will peak!

JFC, you can do a 5 minute google search to discover the peak production points of various elements in the USA in the previous century.

ALL physical resource production peaks.  Conventional oil will peak.  Nonconventional oil will peak.  Uranium will peak.  Gold will peak.  Get it?

Fri, 02/25/2011 - 06:53 | 996376 FEDbuster
FEDbuster's picture

Peak "easy and cheap" oil is what we are talking about.  There is plenty of hard to get to or environmentally challenging oil left to be pumped.  The ex Shell CEO (Hoffmeister?) says we have trillions of barrels under Colorado and the Dakotas, but they are harder to get to.  First we will use up the cheap and easy oil from the Middle East, then make the transition price wise to the hard to get to oil we have here.  Drilling here for the 13 million barrels we import daily would also have the side benefit of creating hundreds of thousands of jobs here in the USA.  Expensive oil will force changes on us (no SUVs, long commutes, higer food prices, etc..), but it will also allow for alt. energy to become more competitive.

Fri, 02/25/2011 - 10:05 | 996657 Mad Max
Mad Max's picture

Once your EROEI goes to 1.0, the resource is gone for most practical purposes, given current and known future production options.  The resource is almost gone, for practical purposes, when EROEI is at 3-4.  I don't care how much magic goop is buried miles down in tight rock if I can't get it out using less energy than the energy content of that goop.

Fri, 02/25/2011 - 12:51 | 997148 That Peak Oil Guy
That Peak Oil Guy's picture

EROI of 1 is past useless; don't forget that the point of turning something into usable energy is to get usable energy that can be used an an input to the economy.  With an EROI of 1 you're just chasing your tail because the energy you create is just being used to create more energy.

And of course energy conversion is always an environmentally damaging process, the true costs of which are never accounted for and won't be until we are all dead from it.

For instance, if you have an EROI of 2 but for every unit of energy gained you turn 1000 gallons of water into toxic waste then was it really worth it?


Fri, 02/25/2011 - 10:30 | 996715 Flakmeister
Flakmeister's picture

 You are the making the same mistake as the recent round of shills on CNBC. Green River and the Western slopes is not oil, it is kerogen, the geologic precursor to oil. It is rock. The Bakken is liquid oil trapped in low permeability rock. Big difference. Now, the shills on CNBC are deliberately confuscating the issue and using oil shale and shale oil interchangeably. Poor Erin Burnett has been hood winked.

  Start with

There are a number of kerogen deposits. Isreal and Estonia mined the rock and burned it as lowish grade coal. Kerogen has the energy density of a baked potato. As one wag once said. "If I told you that you have a trillion pounds of tater-tots in buried in your backyard, would you run out and start digging them up?"

No one has a fucking clue what to do with kerogen despite knowing its role in the geology of oil for 60 years. Hell, their were "proposals" to detonate subterranean nukes to bake the kerogen into something resembling liquid goo.

Fri, 02/25/2011 - 02:23 | 996165 trav7777
trav7777's picture

ah, tmosley with more ignorance of the difference between energy and power and no grasp of EROI

Fri, 02/25/2011 - 10:35 | 996742 Flakmeister
Flakmeister's picture

BTW, Trilogy looks good at a first go over. I like the oil/gas ratio.

Fri, 02/25/2011 - 12:42 | 997117 That Peak Oil Guy
That Peak Oil Guy's picture

lol, solar energy is indeed abundant, but that is not the problem.  Solar energy hitting the Earth is greatly diffused.  The problem is collecting it, concentrating it, and turning it into a usable form.  Then there is the very large problem with storage.  (Keep in mind that fossil fuels are basically highly concentrated, stored energy.)  Because of the laws of thermodynamics (that us peak oilers don't understand) energy is most efficiently used immediately; if you have to store it then you have to change the form again, first for storage, and then back from storage to a more useful form, and there is major inefficiency in that.  Not to mention the environmental problems with large-scale energy storage.

The only jerk-off fantasy I have is the hope that industrial civilization will collapse before we completely fuck up the planet, for the good of our future generations and the rest of life on Earth.


Mon, 03/14/2011 - 19:00 | 1052479 ManOfBliss
ManOfBliss's picture

>> I don't really buy into this NWO stuff.

What the fuck are you talking about? There is nothing for you "buy". Just do some fucking research.

Thu, 02/24/2011 - 20:58 | 995411 Hugh G Rection
Hugh G Rection's picture



I agree 100%.  That said I see a lot of parallels with Glenn Beck's outlook on the big 3 NWO movements. 


My question to you is this.... Do you think GB is a benedict Arnold?  I have been following him since CNN, and still think he provides a lot of valuable and truthful info, but, I personally think he has sold out.  I think someone offered him gold or lead on March 3rd last year, and he ended up canning his FEMA camp show.  I lost a lot of faith in GB after that, and continue to do so everytime he trashes 9-11 truthers.


Now I spend more time with the alternative media, Alex Jones, RT, ZeroHedge and Turd for financial.

Thu, 02/24/2011 - 21:13 | 995438 Michael
Michael's picture

Glenn Beck is a child. Children make mistakes. Everyone learns as they go.

Beck identified the Federal Reserve on his show today being a major factor in worldwide food inflation, which is a large factor in sparking the revolutions. I don't see other MSM programs pointing the finger at the Fed. Beck will be hard to shut up and he should use his power to his advantage.

He also aired the "Bad Jew" video today. The more publicity, good or bad, on this issue the better. 

Thu, 02/24/2011 - 21:21 | 995483 Michael
Michael's picture

Big Fat Secret Exposed!

75% of workers are not eligible to receive a retirement pension, only SS and maybe 401K.
Those 75% have to guarantee payment to those 25% who are eligible to receive pensions through their taxes.

How many of those 75% of taxpayers are aware of this and how do you think they feel about that?

Thu, 02/24/2011 - 21:59 | 995577 topcallingtroll
topcallingtroll's picture

There will be more union busting in our future. Looking forward to it.

Fri, 02/25/2011 - 00:05 | 995884 dark pools of soros
dark pools of soros's picture

bust the USA too, that's a union.   don't forget all pro athletes and writers, actors and the rest ..  hell let's just watch rich old boring fucks play sports and make movies..


should be a great old time



Fri, 02/25/2011 - 05:14 | 996329 Snidley Whipsnae
Snidley Whipsnae's picture

The attack is on weak unions but the unions with the steepest cost increases, and greatest cost to most Americans, are not being discussed... I am talking about the AMA... American Medical Association.


Thu, 02/24/2011 - 22:19 | 995634 Max Hunter
Max Hunter's picture

I disagree with your Glenn Beck analysis.  I think he's a traitor.. The best way to control dissent is to lead the dissent.. He is a Neo-con.. true and blue through and through..

He provides just enough truth to get people to believe in him but not go that extra step and point the finger in the ultimate direction. He's and obfiscator not a child.. He knows what he's doing.. hang em high

Fri, 02/25/2011 - 00:08 | 995895 dark pools of soros
dark pools of soros's picture

I wonder if Ron Paul is just the sophisticated version of what GB is doing.. if Ron ran as an independent in 08 during that market crash it would of been major turmoil..  but he didn't

Mon, 03/14/2011 - 20:22 | 1052773 Timothy
Timothy's picture

No. He's not. Because Ron Paul is actually not that sophisticated. Just a principled old man.

Fri, 02/25/2011 - 00:14 | 995909 Flakmeister
Flakmeister's picture

Very nicely stated... But I think he is a tool to be used and cast away when convenient.

Thu, 02/24/2011 - 22:19 | 995636 Iam_Silverman
Iam_Silverman's picture

"Those 75% have to guarantee payment to those 25% who are eligible to receive pensions through their taxes."

So, you infer that maybe this whole Social Security scheme is nothing more than a Ponzi scheme?

Preposterous!  Balderdash!  Expletive Deleted!

I want to be one of the ones at the top - the 25% who get the spoils from the 75% on the bottom.

Thu, 02/24/2011 - 22:25 | 995648 Michael
Michael's picture

SS is a separate issue aside from pensions.

Fri, 02/25/2011 - 01:36 | 996092 savagegoose
savagegoose's picture

i take it you mean gov defined benefit pensions, if you aint noticed the whole rotten barrle is broke.

you can squabble of who gets what of the spoils, but the spoils are rotten and no good for anyone. they have robbed all,  SS defined benefits state benefits its all gone, and you are squabbling over union  pensions, lol you're all suckers and all been robbed.

laughable, if i actually had anything worth anything i might be pissed off, but i can laugh

Fri, 02/25/2011 - 01:37 | 996093 savagegoose
savagegoose's picture

oops dbl post

Thu, 02/24/2011 - 21:24 | 995491 masterinchancery
masterinchancery's picture

The Fed causing food inflation (and every other kind of inflation)? Duh! They have been doing it since WW1.

Thu, 02/24/2011 - 21:31 | 995507 asdasmos
asdasmos's picture

Hey michael, you watch glenn beck?

Thu, 02/24/2011 - 21:49 | 995550 Michael
Michael's picture

On average about 1/2 of his show a week when channel surfing the major networks, BBC, and Al Jazzera.

I was interested in watching it today because of all the Zionists bashing him for his radio show comments yesterday.

I must say, the show he did today was worth my while.

Fri, 02/25/2011 - 00:03 | 995882 asdasmos
asdasmos's picture

How unfortunate.

Fri, 02/25/2011 - 00:35 | 995961 oygevalt
oygevalt's picture

If you're channel-surfing and hit on Al Jazeera, that narrows you down to Toledo, OH; Burlington, VT; or Washington, D.C.  You do not seem like an inside-the-beltway guy.  Are you getting AJE by some other method?

Thu, 02/24/2011 - 21:42 | 995532 gdogus erectus
gdogus erectus's picture

If I may take a stab at answering your question:  Glen Beck is a gatekeeper and divider.  By bringing us the truth and stopping us right at 9/11 being an inside job - he keeps the masses from finding out that important truth.  Also - by being ultra religious - he divides the country in half.  Divide and conquer.  Now, whether he is a puppet or just a useful idiot - that's to be debated.

I think he's waking up a lot of people and Murdoch may be playing a dangerous game.  Then again - if the end-game plan of financial collapse is upon us now then he is just being used to make sure only half of "us" know half the truth.  Good for starting civil wars.

Thu, 02/24/2011 - 23:10 | 995752 Founders Keeper
Founders Keeper's picture

[Then again - if the end-game plan of financial collapse is upon us now then he[[Glenn Beck]] is just being used to make sure only half of "us" know half the truth.  Good for starting civil wars.]---gdogus erectus

Normally, this would be about the place where I would unload on Glenn Beck bashers.

But, given that Glenn urges listeners to refrain from defending him and citing his good work with his name, I leave you with this...Glad you're here. Thanks for posting.



Fri, 02/25/2011 - 01:27 | 996073 KickIce
KickIce's picture

Most people that rise up and take a stand during trying times could be labeled as divisive, whether it be Jesus Christ, MLK or hundreds of others.

Beck is self educated and stresses to never take him at his word, but do do your own research.  What more do you want?  My guess, when push comes to shove, there will by many that wish they listened a little more carefully.  His research on Soros is excellent.

Thu, 02/24/2011 - 22:56 | 995719 explodinghead
explodinghead's picture

Glen Beck listens to what Alex Jones covers and then puts the NeoCon twist on it.

Thu, 02/24/2011 - 21:35 | 995518 New_Meat
New_Meat's picture

Mikey-good comment, except for the Ron Paul thingie.  He no playa' - Ned

Fri, 02/25/2011 - 00:09 | 995899 Clockwork Orange
Clockwork Orange's picture

He may be if the dollar collapse happens in 2011.  He'll be the only one with a history of being right.  The only one.

Thu, 02/24/2011 - 23:26 | 995784 brokenspoke
brokenspoke's picture

Right on wise one. I drew the same conclusion, there can be no one world order with so many factions.

Fri, 02/25/2011 - 01:29 | 996078 KickIce
KickIce's picture

Except the CBs own the military.  They just want the herd thinned down some before they take over.  Easier to manage w/numbers plus resources become less scarce.

Thu, 02/24/2011 - 21:01 | 995416 living on the edge
living on the edge's picture


I agree with your analysis about WW3 being about Middle Eastern oil. That is quite clear to all now. My personal take is WW3 has already started and the US is the one that started it.

Thu, 02/24/2011 - 21:09 | 995448 I think I need ...
I think I need to buy a gun's picture

i don't disagree but it looks like the plan is for the middle east to go back to desert and all these kings were really working for us this entire time. I think we used the middle east for easy oil the last 40 years now we have to simply use our own. We'll see what our military does but all is pointing to a gold backed dollar with our own resources. We'll see.

Thu, 02/24/2011 - 21:26 | 995499 Landrew
Landrew's picture

Bingo! That is the final action. Cheap energy is gone. Mine your crude, drill a mile deep in the ocean, drill in artic etc. The last super giant reserve? 1976 Cantarell!

Fri, 02/25/2011 - 00:53 | 996010 trav7777
trav7777's picture

China can't force austerity on us; they are pegged to the dollar.  You don't understand the trade imbalance plan.  China needs something to do with all their dollars; USTs are that.  Without massive capital inflows from their yuan/USD peg, they are looking at a 40% GDP haircut.  Seriously.  FDI is a massive portion of their GDP.

Thu, 02/24/2011 - 20:23 | 995296 Hedge Hunter
Hedge Hunter's picture

Hu's your Daddy!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Thu, 02/24/2011 - 20:24 | 995297 mynhair
mynhair's picture

Anyone up for a road trip to the Yukon?  Summer is coming....

Thu, 02/24/2011 - 21:25 | 995495 Calmyourself
Calmyourself's picture

Yukon, ha the mosquitos would suck that cat dry in 40 minutes.

Thu, 02/24/2011 - 20:32 | 995313 ebworthen
ebworthen's picture

I like it.

If Benny and the Jets raise the rates the Realtors will go after them with their signs and closing pens aiming for crotches and eyeballs.

The real question is; will the Obummer or another Pres revive Executive Order 6102 and re-attempt confiscation of privately held gold?

No gold standard this time around, but the motivation would be to prop up the markets more than the currency.

Somehow, I think gold confiscation in the modern era may do a lot more harm than it did in 1930's U.S. - not many family farms to hide out in and survive on this time around.

Watch the FEDS offer a stock for gold swap - a "window" where you can get .75 cents on the dollar for your gold if you buy GM and AIG stock with it (beaver dam, I might be giving them ideas)...

Thu, 02/24/2011 - 20:57 | 995405 Shameful
Shameful's picture

Won't happen, at least not till post collapse.  There is little gold held in private hands in the US all things considered, discounting jewelry.  So if they confiscate it's more or less a door to door search, good luck.  Unless they also took down the net word of it would spread and then it would not only be a door to door search but a yard to yard search with a backhoe.

And then there is the foreign implications.  If the USA openly tried to seize the limited amount of gold in the country, how confident do you think all those foreigners would be in the dollar and bonds?

A confiscation would do a lot more harm then good to the ponzi men.  If they need funds can loot or collateralize the 401ks a lot eiser.  Easier to take, more value, and would look less desperate internationally.  Hell would be easier to take GLD, assuming it had gold in it.

Thu, 02/24/2011 - 21:42 | 995531 New_Meat
New_Meat's picture

except for the "health care" provision of identifying purchases over $600, or the California provision of over like 100.

Hollerith Cardz for gold!

- Ned

Thu, 02/24/2011 - 21:55 | 995568 Shameful
Shameful's picture

The $600 is a joke. Will require an enormous enforcement arm and will just encourage people to do "cash" transactions off the books. In the "less developed" world tax evasion is a national pass time. As the economy unravels and taxes go up as funding dries up I expect the same for the US.

I already know a few small business people that basically make cash transactions "vanish" as far as book keeping goes. Is it illegal, yes, but it happens. When laws become to onerous normal people take to law breaking.

Now if they try to ban cash then you have something to worry about. But even then I would just expect massive taxes on gold transactions not a direct taking.

Fri, 02/25/2011 - 05:30 | 996338 Snidley Whipsnae
Snidley Whipsnae's picture

I am seeing more and more small businesses in this area that have signs posted 'NO CREDIT CARDS' and 'NO CHECKS'.

The terms of using either of the above forms of payment are becoming more ornerous by the day and the mom/pop businesses that have been around for a long time see what is happening and are avoiding the banksters usury.

I don't believe cash will be banned. That would be another signal to US Creditors that the system is falling apart internally. I don't believe that PMs will be confiscated for the same reasons. Besides, digging up every back yard in America would require a hell of a lot of energy and labor... who would repair all the broken water lines, sewer lines, sceptic systems, buried phone and power lines, etc?... a non starter imo.

Fri, 02/25/2011 - 08:48 | 996509 New_Meat
New_Meat's picture

"I already know a few small business people that basically make cash transactions "vanish"..."

I have a friend who pays his mechanic in cash ;-).  Had a plumber (youngish guy) in to do some work, offered him cash, he said "No".  I asked him if he knew much about Jimmy Carter.  He said "No."  Told  him that he'd be learning a lot about both in the next few years.

- Ned

Thu, 02/24/2011 - 22:15 | 995624 BrosMacManus
BrosMacManus's picture

Wouldn't be in the in least bit surprised if Cash4Gold and other rackets are goobermint run/ sponsored franchises. The hosing involved is not really confiscation (nor was it in '33), but akin to expropriation via underpayment with intent to reprice.

Fri, 02/25/2011 - 00:14 | 995906 dark pools of soros
dark pools of soros's picture

why loot our meger gold when they can invade and take over gold from the ME unrest?  Lybia will be very interesting in many ways

Sat, 03/12/2011 - 21:02 | 1045326 Yits and the Yimrum
Yits and the Yimrum's picture

the squid will force the gold into their hands by force of starvation

I can just feel their humanity; the plauges, wars . vaccines, gm junk foods, controlled wheather, junk culture, financial theft

but I still think a few AK's and mountain getaways, just as in afghanistan, will slow them down a little

Fri, 02/25/2011 - 02:34 | 996181 trav7777
trav7777's picture

I would submit that if you had a substantial portion of your wealth in PMs and the gov tried to seize them, thereby impoverishing you and condemning you and your offspring to effective starvation (for the benefit of elite that they'd hand the PMs over to) that you would be justified in killing every one of them.

The US didn't seize gold the first time; they ordered the gold handed over to the Federal Reserve Banks.

Thu, 02/24/2011 - 20:32 | 995316 EscapeKey
EscapeKey's picture

Gold and silver? Check.

6 months worth of food? Check.

Utilities for self-protection, a quick way out, and a car which can be fixed in any shop? Check.

It's not rocket science. The economy's a mess, and people are feeling WAY too self-entitled.

It's going to crash, and it won't be pretty.

Of course, we'll still have to put up with Keynesian macroidiots who really do think this time, gravity doesn't apply.

Thu, 02/24/2011 - 20:53 | 995392 TradingJoe
TradingJoe's picture

"Utilities for self-protection"...niceeee!

Another good name for led disbursment machines!

God I love this silly site, gold/silver pimps, self proclamed "xperts"


Thu, 02/24/2011 - 21:10 | 995453 Founders Keeper
Founders Keeper's picture

ATMs: ammo transfer machines.



Thu, 02/24/2011 - 21:38 | 995526 penisouraus erecti
penisouraus erecti's picture

+ , but the "utilities for self protection" is destined to be a classic. May have to steal that line.

Thu, 02/24/2011 - 22:24 | 995650 Iam_Silverman
Iam_Silverman's picture

How come I interpreted "utilities for self protection" as a windmill and maybe solar backups?  I haven't gone much past a standard generator, but the water issue has been addressed!

I have always thought of lead delivery devices as being more of an "instant rapture" machine.

Fri, 02/25/2011 - 00:16 | 995913 dark pools of soros
dark pools of soros's picture

i thought it was utensils for self protraction... time for some scotch

Thu, 02/24/2011 - 20:33 | 995326 Dr. Porkchop
Dr. Porkchop's picture

I've been agonizingly watching the dips, waiting for March to get my yearly bonus. Then I'm topping up my PMs and buying a gun.

Thu, 02/24/2011 - 21:38 | 995524 DosZap
DosZap's picture

Then I'm topping up my PMs and buying a gun

I hope you mean ANOTHER one.

If this is your first, you have a hell of a lot of work to do.

Thu, 02/24/2011 - 21:44 | 995535 New_Meat
New_Meat's picture

"buying a gun" was my tell.

"This is my rifle, and this is my gun.

This one's for fighting, that one's for fun"

;-) - Ned

Fri, 02/25/2011 - 05:43 | 996346 Snidley Whipsnae
Snidley Whipsnae's picture

It is not a gun, it's a weapon... Weapon was the term used by the military when I was in for four years. In boot camp our company commander made it very clear that the term 'gun' was civilian terminology...and the large weapons found on US Ships of the Line are NOT cannons... They are Naval Rifles, even if they have a 16 in bore. The Navy is a bit persnickety about terminology.


any instrument or device for use in attack or defense in combat, fighting, or war, as a sword, rifle, or cannon. 2.
anything used against an opponent, adversary, or victim: the deadly weapon of satire. 3.
Zoology . any part or organ serving for attack or defense, as claws, horns, teeth, or stings.
Thu, 02/24/2011 - 22:55 | 995717 Founders Keeper
Founders Keeper's picture

[If this is your first, you have a hell of a lot of work to do.]---DosZap

If memory serves, and New-Meat is the poster I'm thinking of, zero chance this will be Meat's first gun.



Thu, 02/24/2011 - 20:33 | 995327 Quinvarius
Quinvarius's picture

And once again, the obvious solution is repricing gold so it serves as an asset to balance our debt.  But these turkeys only know one trick, "gold bad".  The way they freak on gold so hard, I really am starting to believe we dumped most of it before 2000 and the last bit was hijacked by Bush's buddies in 2001 from under the WTC.

Thu, 02/24/2011 - 21:14 | 995466 NOTW777
NOTW777's picture

do u see dead people

Thu, 02/24/2011 - 21:24 | 995497 penisouraus erecti
penisouraus erecti's picture

he only sees dead pixels......

Thu, 02/24/2011 - 20:34 | 995333 watchingdogma
watchingdogma's picture

Bring out yer dead!

Thu, 02/24/2011 - 20:38 | 995344 AUD
AUD's picture

“A friend of mine on Capitol Hill, among others there, tells me there is no solution whatsoever until there is a MAJOR crisis”

Normally I don't have alot of time for Martin Armstrong but below is from Doug Noland a couple of weeks ago -

Returning to Mr. Dimon’s comments from above, my guess is that the head of JPMorgan and many other persons of influence have similar thoughts about rapidly expanding Federal obligations as they did previously with the GSEs.  As we witnessed with Fannie and Freddie, the powers that be will not intervene to repress a Bubble, especially when it is viewed as providing near-term benefits and rather nebulous longer-term risks.  I have no doubt that the future holds more crisis committees, inquests, and reports.  There will be additional questions about Fannie, Freddie, and new issues with the FHA and unmanageable federal debt.  I expect similar answers:  “We all knew about it, we all worried about it, no one did anything about it.”

Thu, 02/24/2011 - 21:52 | 995559 New_Meat
New_Meat's picture

AUD: here's Tom Coburn.  From interview with Hugh Hewitt 12/14/10:

"HH: Now I’ve got to ask you, because I want to give you three minutes or so, we can’t replay your entire speech from the floor, but you were very eloquent about why you voted for the recommendations of the Deficit Commission. And I know you took some heat for that. And I’d like to have you explain to this audience for as much time as we’ve got why you did that.

TC: Well, I actually see what’s getting ready to happen to us. And nobody knows exactly the time, but it’s not five years from now. It may be four years from now, three years from now, maybe next year. And the fact is if we don’t have a plan with which we start having an austerity budget, where we send a signal to the rest of the world that we get it, we know we’ve lived outside of our means, we’re making the hard choices now to make cuts in spending, in entitlement programs, all these…so my vote was to get us to a point where we have the debate, because not debating doesn’t count. It’s the biggest shirk of our duty that we could have. And so I wanted, you know, I didn’t agree with this plan, per se, because first of all, it would kill the oil and gas industry in Oklahoma."

Love dem Okies!

- Ned


Thu, 02/24/2011 - 22:08 | 995604 AUD
AUD's picture

Problem is, when your credit trades as money you ain't gonna stop spending it.

Only your counterparty is going to say no, at some point.

Everybody knows about it, everybody worries about it, nobody does anything about it. Then when the music stops, everybody says nobody saw it coming!

Thu, 02/24/2011 - 20:36 | 995345 NewThor
NewThor's picture

Hey. Tyler. Thanks, Bro.

I figure the only way to fight Ben Bernank and the Red Pointy Hats

is with Truth, Love and Rock and Roll.

So i've started writing a sequel to Fight Club,

skipping the novelization, no one reads anymore...

going str8 to silver screen architect form

'American Bicycle Club'

Think 'Fight Club meets Any Which Way But Loose'

Thanks for the inspiration,

but hey, 

THOR and TYLER are friends,

all across the universe,

if you believe in that divine architect singularity stuff.

I just ate some Quantitative Easing THREE.OHHHH

it tasted like old roman shit.



Thu, 02/24/2011 - 20:45 | 995365 NewThor
NewThor's picture


Er, I mean Qaddafi.

Maybe? Well, somebody's been shot.

And if the bastards get you down,

listen to this.

Thu, 02/24/2011 - 20:42 | 995359 chump666
chump666's picture

gaddefi out of Libya???  hearing that now. 

also the saudi's are pumping more oil to drop the oil price...

Fri, 02/25/2011 - 10:26 | 996699 equity_momo
equity_momo's picture

Another 500k bpd might help in the very short term but we'll need sustained 120 dollar oil to get much more than that out of them.    Cost of the marginal barrel is around 110.   We either double-belly flop the economy or oil keeps going up.   Crunch time is coming.

Thu, 02/24/2011 - 20:48 | 995378 tradewithdave
tradewithdave's picture

Indeed it is a confidence game which he hath pulled off confidently, no?  My point... precisely.

Dave Harrison

Thu, 02/24/2011 - 20:52 | 995387 rocker
rocker's picture

Thank for this post Zero Hedge.

Thu, 02/24/2011 - 20:57 | 995407 Dr. Gonzo
Dr. Gonzo's picture

They're already talking about sending in "the troops" to Libya. They won't stand for a Comex Default, Stock Market Crash, or currency collapse. WWIII comes to the Mid East next as an excuse for one of the above 3. Plus we want to rob and plunder as much shit as we can and this has to be a golden opportunity for the Military Industrial Complex. Who could stop them? They take whatever the fuck they want.

Thu, 02/24/2011 - 21:07 | 995439 EscapeKey
EscapeKey's picture

This is so fucking obvious. Libya = oil. Of course they're looking into invading Libya.

Thu, 02/24/2011 - 21:23 | 995488 penisouraus erecti
penisouraus erecti's picture

Is Bush/Cheney still in office? Thought only they did that sort of thing

Thu, 02/24/2011 - 21:29 | 995500 EscapeKey
EscapeKey's picture

No, the Bush monkey puppet has been replaced by an Obama puppet with a shit eating grin.

Republican, Democrat. There's no difference. Read Carroll Quigley's "Tragedy & Hope".



"This (political) struggle... had always been viewed as a struggle between Republicans and Democrats at the ballot box in November. Wall Street, long ago, however, had seen that the real struggle was in the nominating conventions the preceding summer." - Carroll Quigley, "Tragedy & Hope", pg 1246.

(page 1247)
"the National parties and their presidential candidates, with the Eastern Establishment assiduously fostering the process behind the scenes, moved closer together and nearly met in the centre with almost identical candidates and platforms, although the process was concealed, as much as possible, by the revival of obsolescent and meaningless war cries and slogans"

Thu, 02/24/2011 - 21:32 | 995510 asdasmos
asdasmos's picture


Thu, 02/24/2011 - 21:35 | 995515 penisouraus erecti
penisouraus erecti's picture

sadly, so true

Thu, 02/24/2011 - 21:34 | 995517 NOTW777
NOTW777's picture

do you get paid to keep parroting this?

Thu, 02/24/2011 - 21:37 | 995522 EscapeKey
EscapeKey's picture

Please come up with a working business plan for doing so, and I might pursue it.

Thu, 02/24/2011 - 21:46 | 995544 NOTW777
NOTW777's picture

really, is this a virus (all politicans are the same mantra) that is contracted on ZH.  every 3rd poster has it. bizarre. and then a few minutes after they proclaim that all are the same they praise or attack particular pols ????

Thu, 02/24/2011 - 21:59 | 995564 EscapeKey
EscapeKey's picture

Yeah sure. You just keep telling yourself your vote will really make a difference.

"When the business interests, led by William C. Whitney, pushed through the first installment of civil service reform in 1883, they expected that they would be able to control both political parties... and allow the electorate to believe that they were exercising their own free choice", Carroll Quigley, "Tragedy and Hope", pg 73.
Thu, 02/24/2011 - 21:56 | 995573 topcallingtroll
topcallingtroll's picture

Hmmm....good point.

Fri, 02/25/2011 - 10:29 | 996718 equity_momo
equity_momo's picture

George Carlin knew what to do on polling day.   And it wasnt wasting his time to line up with mopes to put an X on a piece of paper.  Im sure ive offended everyone now that i waste my vote. Yeah whatever , it beats wasting my time like you guys and gals that think you make a difference.

Thu, 02/24/2011 - 21:48 | 995548 samsara
samsara's picture


drop the Right/Left demagoguery,   It's embarrassing.

Thu, 02/24/2011 - 21:55 | 995566 NOTW777
NOTW777's picture

really. so you proudly argue obama=palin, trumka=scott walker, schumer=mitch mcconnel,barney=boehner.  now thats embarrassing

Thu, 02/24/2011 - 22:05 | 995579 EscapeKey
EscapeKey's picture


I seem to recall lots of hard talk on the deficit by Boehner and his muppets. But when it really came down to it, the AMAZING savings amounted to $65bn out of a $3.8tn deficit.

A drop in the bucket. But it did produce an astonishing amount of tough talk rhetoric.

Not to forget some Boehner crying sessions, at enjoyment levels not reached since the weeping alien in "Mission to Mars".

Thu, 02/24/2011 - 22:05 | 995598 NOTW777
NOTW777's picture

and did you notice that was different than the one proposed by obama

Thu, 02/24/2011 - 22:08 | 995603 EscapeKey
EscapeKey's picture


Whatever you smoke must be on the DEA's list of illegal substances.

Thu, 02/24/2011 - 21:46 | 995540 samsara
samsara's picture


drop dead on. 

Carroll Quiqley on the Two Party System      "The argument that the two parties should represent opposed ideals and policies, one perhaps of the Right, and the other of the Left, is a foolish idea acceptable only to doctrinaire and academic thinkers. Instead, the two parties should be almost identical, so that the American people can 'throw the rascals out' at any election without leading to any profound or extensive shifts in policy... But either party in office becomes in time corrupt, tired, unenterprising, and vigorless. Then it should be possible to replace it, every four years if necessary, by the other party, which will be none of these things but will still pursue, with new vigor, approximately the same policies".
-- Carroll Quigley, "Tragedy and Hope", 1966, p. 1247-48
Thu, 02/24/2011 - 21:47 | 995545 NOTW777
NOTW777's picture

so you caught it from carroll?

Fri, 02/25/2011 - 04:26 | 996285 StychoKiller
StychoKiller's picture

The purpose of a system is what it does.  Let's review:

Bush is President and the Decepticrats or Republicons run congress, result:

Increase in Govt spending and Govt enlarges.

Obama is President and the Decepticrats or Republicons run congress, result:  Increase in Govt spending and Govt enlarges.

Conclusion:  The Decepticrats and Republicons are different sides of the same coin.

Thu, 02/24/2011 - 22:04 | 995593 Snidley Whipsnae
Snidley Whipsnae's picture


Thu, 02/24/2011 - 21:49 | 995551 DosZap
DosZap's picture

Has the US Military fought any conflict and pillaged the resources of the country?.When, which one?.How long ago?.

I can't think of any, WE are always the one's who fight it, destroy it, and pay to rebuild it.

Libya, should have been taken out by Reagan, the rocket thru the tent, cooled Ghadgoofy off a lot.

My problem is we wait till these dikheds are a major problem, before WE start bleeding.

If I were POTUS, I would give them ONE warning broadcast, and after that, if the shit does not cease, best relocate far away.

Uh, WHO started all the wars since Vietnam w/exception of Iraq?.

Clue, starts with a "D"?

Thu, 02/24/2011 - 22:00 | 995581 Snidley Whipsnae
Snidley Whipsnae's picture

If you still believe that which party is currently in office makes a difference then you are too damn dumb to post here...imo.

And, yes... I dropped a neg on you dumb azz!

Thu, 02/24/2011 - 22:31 | 995667 Iam_Silverman
Iam_Silverman's picture

Uh, WHO started all the wars since Vietnam w/exception of Iraq?.

Clue, starts with a "D"?

Uhhh, Dubai?  Dubya?  Oh, oh,  I know....DENMARK!

Sat, 03/12/2011 - 20:45 | 1045302 Yits and the Yimrum
Yits and the Yimrum's picture

we do not have a US military, we have a revived Roman Empire

these Pirates a/k/a US Military have too much momentum not to continue their terror and looting for the Supranational money elite

what does the bible say?  "live by the sword and die by the sword", that sounds fair to me

and BTW, the POTUS are trained monkeys; and not very well trained at that

How do you think Reagun, Junior and the alinsky adept became President?  not that hard to figure out, they all could could read a teleprompter, and that's about it

Thu, 02/24/2011 - 21:02 | 995418 Founders Keeper
Founders Keeper's picture

You had me at Gresham's Law.


Thu, 02/24/2011 - 21:03 | 995423 cossack55
cossack55's picture

"smartly dressed, well educated"  Unfortunately they were studying Econ and not history. that why it always repeats?

Thu, 02/24/2011 - 21:26 | 995484 penisouraus erecti
penisouraus erecti's picture

+....and a dubious form of economics at that, or maybe just dubes......

Thu, 02/24/2011 - 21:05 | 995433 buzzsaw99
buzzsaw99's picture

the fed is at the center of the monetary universe [bitchez]

Thu, 02/24/2011 - 21:07 | 995441 Stuck on Zero
Stuck on Zero's picture

I wouldn't invest in U.S. companies in foreign mining ventures.  When the U.S. dollars starts to sink there will be an unstoppable unwinding of globalism.  Every sovereign nation that loses money on the dollar or in U.S. assets will nationalize U.S. assets.  All of the U.S. assets overseas will be seized.  Globalism is doomed to failure.

Thu, 02/24/2011 - 21:21 | 995479 Founders Keeper
Founders Keeper's picture

[Every sovereign nation that loses money on the dollar or in U.S. assets will nationalize U.S. assets.]---Stuck on Zero

I agree. Most US mines operating on foreign soil will be nationalized by the host nation. Few exceptions.

Keep an eye out for the first sign of US mining companies packing up and moving home.



Fri, 02/25/2011 - 00:19 | 995922 Flakmeister
Flakmeister's picture

  There is a reason why I recommend junior resource companies that are Canadian or have Canadian assets. Those will be the last to go....

Thu, 02/24/2011 - 21:43 | 995537 CR Bill
CR Bill's picture

good point

guns on the ground will define ownership


Thu, 02/24/2011 - 21:11 | 995456 vast-dom
vast-dom's picture

Fantastic post. The implications, and i don't use the word lightly a la doomsday Malthus positive checks, are staggering. I might add that I am beyond slackjawed that the markets have appreciated in general - the DOW alone is a farce of farces. But that's just imnsho. 

Thu, 02/24/2011 - 21:48 | 995549 Mad Max
Mad Max's picture

Look at market "returns" using a couple of different denominators, and ask yourself whether markets have truly gone up.

Do NOT follow this link or you will be banned from the site!