PMs Higher As Eurozone Downgrades, Libya and Japan Ignored for Now

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Wed, 03/30/2011 - 08:12 | 1116342 Inibo E. Exibo
Inibo E. Exibo's picture

Shiny, bitchez!

Wed, 03/30/2011 - 08:30 | 1116364 Harlequin001
Harlequin001's picture

onward and inexorably upward...

until gold is back in money...

Wed, 03/30/2011 - 09:40 | 1116572 High Plains Drifter
High Plains Drifter's picture

Could we handle that?  Could the world? 

Wed, 03/30/2011 - 12:37 | 1117522 Harlequin001
Harlequin001's picture

yes, for a short while...

Wed, 03/30/2011 - 08:13 | 1116344 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Gold and silver? No thanks, i'd rather have The Bernank's "Jew confetti"  to use as a store of wealth thanks, he's a man i can, and do, trust.

Wed, 03/30/2011 - 08:16 | 1116352 wandstrasse
wandstrasse's picture

'Jew confetti'!!! Terrible. Hilarious. Did YOU coin this word? Unbelievable. Wonderful.

Wed, 03/30/2011 - 08:25 | 1116369 tmosley
tmosley's picture

No, that is the German word for hyperinflated cash.  And part of what lead to the Holocaust, i might add.

I, personally, would call it BANKER confetti, and send the members of that particular profession to the ovens, rather than the members of a given race/religion.  It doesn't matter how much the two overlap, as the overlap is not 100%.

Wed, 03/30/2011 - 08:44 | 1116425 wandstrasse
wandstrasse's picture

didnt know that it was a nazi propaganda word. I never heard it before... google gives no results for legal reasons... I thought it was a blogosphere creation. Apologies for my finding it so funny, seriously. 

Wed, 03/30/2011 - 08:49 | 1116440 tmosley
tmosley's picture

It's pre-Nazi, but was a large part of the Zeitgeist that led to their rise to power and what followed.

"Banker confetti" is a bit more modern, perhaps.  Or "Bernanke confetti".  Hell, that almost rhymes.

Wed, 03/30/2011 - 08:52 | 1116452 snowball777
snowball777's picture

Bankonfetti or Bernankenfetti.

Wed, 03/30/2011 - 08:58 | 1116466 tmosley
tmosley's picture

I really like "Bernankenfetti".

Here's hoping it catches on.

Wed, 03/30/2011 - 09:52 | 1116609 Pegasus Muse
Pegasus Muse's picture
The Weimar Hyper-inflation and the Judefetzen

by Ben Atlas on 07.27.2010

An article in the Telegraph - The Death of Paper Money quotes from the book ”When Money Dies: The Nightmare of the Weimar Hyper-inflation”. The book describes economic upheaval in Germany in the 20s, the upheaval that paved the way for the Third Reich:

“Near civil war between town and country was a pervasive feature of this break-down in social order. Large mobs of half-starved and vindictive townsmen descended on villages to seize food from farmers accused of hoarding. The diary of one young woman described the scene at her cousin’s farm.

 

“In the cart I saw three slaughtered pigs. The cowshed was drenched in blood. One cow had been slaughtered where it stood and the meat torn from its bones. The monsters had slit the udder of the finest milch cow, so that she had to be put out of her misery immediately. In the granary, a rag soaked with petrol was still smouldering to show what these beasts had intended,” she wrote.

 

Grand pianos became a currency or sorts as pauperized members of the civil service elites traded the symbols of their old status for a sack of potatoes and a side of bacon. There is a harrowing moment when each middle-class families first starts to undertand that its gilt-edged securities and War Loan will never recover.

 

Irreversible ruin lies ahead. Elderly couples gassed themselves in their apartments.

Foreigners with dollars, pounds, Swiss francs, or Czech crowns lived in opulence. They were hated. “Times made us cynical. Everybody saw an enemy in everybody else,” said Erna von Pustau, daughter of a Hamburg fish merchant.

 

Great numbers of people failed to see it coming. “My relations and friends were stupid. They didn’t understand what inflation meant. Our solicitors were no better. My mother’s bank manager gave her appalling advice,” said one well-connected woman.

 

“You used to see the appearance of their flats gradually changing. One remembered where there used to be a picture or a carpet, or a secretaire. Eventually their rooms would be almost empty. Some of them begged — not in the streets — but by making casual visits. One knew too well what they had come for.”

 

Corruption became rampant. People were stripped of their coat and shoes at knife-point on the street. The winners were those who — by luck or design — had borrowed heavily from banks to buy hard assets, or industrial conglomerates that had issued debentures. There was a great transfer of wealth from saver to debtor, though the Reichstag later passed a law linking old contracts to the gold price. Creditors clawed back something.

 

A conspiracy theory took root that the inflation was a Jewish plot to ruin Germany. The currency became known as “Judefetzen” (Jew- confetti), hinting at the chain of events that would lead to Kristallnacht a decade later.”

 

http://benatlas.com/2010/07/weimar-hyper-inflation-and-judefetzen/ 

Wed, 03/30/2011 - 10:48 | 1116868 Manipulism
Manipulism's picture

Fetzen is not confetti.

In german Confetti is Konfetti.

Fetzen means a piece of fabric or a piece of paper.

Wed, 03/30/2011 - 13:28 | 1117777 Harlequin001
Harlequin001's picture

'My mother’s bank manager gave her appalling advice,” said one well-connected woman.'

perhaps not if you are a bank manager...

Wed, 03/30/2011 - 08:12 | 1116346 tmosley
tmosley's picture

OpEx is over, bitchez.

Wed, 03/30/2011 - 08:28 | 1116371 Harlequin001
Harlequin001's picture

"We don't certainly see the gold price going down to the 2001 $US250 an ounce level again."

No shit Sherlock....

My, it must really grip to have to finally admit that...

Wed, 03/30/2011 - 08:57 | 1116465 High Plains Drifter
High Plains Drifter's picture

Schmailes says the gold bubble is about to burst.....I know he is telling the truth because he reads a lot of books.

Wed, 03/30/2011 - 12:38 | 1117525 Harlequin001
Harlequin001's picture

and doesn't answer his critics...

must be a politician...

Wed, 03/30/2011 - 08:19 | 1116358 Oh regional Indian
Oh regional Indian's picture

Gold is trying to scale a wall of worry.

Silver is breaking it's shackles.

I'd bet on the latter and go all in. 

ORI

http://aadivaahan.wordpress.com/2011/03/30/sex-unnatural-oxymoron-and-comment-streams-of-consciousness/

Wed, 03/30/2011 - 08:23 | 1116363 cossack55
cossack55's picture

Fundamentals as sound as in 2010. Tyler keeps on with the hits.

In a world made of quicksand,

the man with clown shoes is King.

Wed, 03/30/2011 - 08:30 | 1116383 Harlequin001
Harlequin001's picture

Now that is one awesome quote...

but seriously, '"But if we do see the gold price fall, you're not going to see anything below $US900.'

They just can't resist getting those low figures in can they, just to mess with your head.

Gold at 1428 and rising as we speak. $900 again my ass...

 

Wed, 03/30/2011 - 08:41 | 1116409 falak pema
falak pema's picture

Does a harlequin's ass look like its got checkered flags all over it with a sign saying money is a fool's paradise?! Or, I'm a gold digger who will only sell his pants at $1428+ per ounce of fine, shiny dust?

Wed, 03/30/2011 - 13:07 | 1117535 Harlequin001
Harlequin001's picture

Dunno, but I'll take option 2 any day...

whatever it was...

a harlequin's ass is a very private place...

Wed, 03/30/2011 - 09:01 | 1116471 High Plains Drifter
High Plains Drifter's picture

Its like the Prechter  $600 gold call. Gee, I wonder how that is working for all of those who took his "advice" ?

 

 

Wed, 03/30/2011 - 11:11 | 1116978 DosZap
DosZap's picture

If gold falls, silver will be it's companion.

The two are siblings.

Wed, 03/30/2011 - 12:42 | 1117537 Harlequin001
Harlequin001's picture

If...

That's a very big word...

Wed, 03/30/2011 - 08:32 | 1116388 Oh regional Indian
Oh regional Indian's picture

That is a good one Cossack, did you coin it?

ORI

Wed, 03/30/2011 - 12:43 | 1117543 Harlequin001
Harlequin001's picture

Yes, I will remember that one...

Wed, 03/30/2011 - 08:35 | 1116401 falak pema
falak pema's picture

Clown shoes and twinkling feet...that is what I felt when he sang under the rain. Those soggy shoes just danced through the streets like rippling laughter on a sunny day.

Wed, 03/30/2011 - 08:51 | 1116442 snowball777
snowball777's picture

Big Fred Astaire fan are ya?

Wed, 03/30/2011 - 12:44 | 1117549 Harlequin001
Harlequin001's picture

Morecambe and Wise, definitely...

funniest thing you'll ever see...

made my sides hurt.

Wed, 03/30/2011 - 08:36 | 1116404 slow_roast
slow_roast's picture

Who the fuck pays CPM to make up this shit?  Nadler? 

Wed, 03/30/2011 - 10:53 | 1116894 DosZap
DosZap's picture

Nadler says WE are to blame, as the Internet Pushers.

Too much bad info,and too many opinions.

It's funny how we go from Record Highs,( Limit Raises) and 30 minutes late we drop back into the norm, or lower and we claw our way back within hours, or two or three days.

 

Wed, 03/30/2011 - 08:40 | 1116415 Yardfarmer
Yardfarmer's picture


again it is instructive to reference Martin Armstrong's latest "How and When" where he marks the red letter days of June 13 and 14 for a possible massive consolidation of Au to $1100 as a necessary prelude to the final ascent. read more

http://www.martinarmstrong.org/files/how%20and%20when%2003-01-2011.pdf

Wed, 03/30/2011 - 08:47 | 1116418 Negro Primero
Negro Primero's picture

"Odyssey returns to the U.S. appeals court in May, Gordon said, to fight a Spanish government claim for about $500 million in coins the salvager found and hauled from the bottom of the Atlantic off Portugal in 2007."

From Yahoo:

Thursday January 6, 2011

TAMPA, Fla. (AP) -- Deep-sea explorers in Florida are using some of the trove of recently leased WikiLeaks documents to try to force the U.S. government out of their legal battle with Spain over a shipwreck treasure.

Odyssey Marine Exploration Inc. of Tampa says documents released by Wikileaks show the U.S. State Department had offered to help Spain's side in the matter in exchange for help in returning a multimillion-dollar painting -- seized by World War II-era Nazis -- to a U.S. citizen.

Odyssey said Wednesday it filed a motion urging an appeals court to throw out a "friend of the court" brief by the U.S. government supporting Spain's bid for 17 tons of coins raised from a sunken Spanish galleon off Portugal in 2007.

A federal court ruled for Spain in 2009. Odyssey is appealing.

The State Department had no immediate comment when contacted Wednesday by The Associated Press.

Wed, 03/30/2011 - 08:48 | 1116435 snowball777
snowball777's picture

Finders keepers, bitchez.

Wed, 03/30/2011 - 08:46 | 1116429 snowball777
snowball777's picture

http://www.expatica.com/fr/news/french-news/china-s-hu-warns-sarkozy-on-...

"Hu told Sarkozy the use of force was no answer to problems, but would only make them more complicated...".

Who said the Chinese don't understand irony (fist)?

Wed, 03/30/2011 - 08:50 | 1116446 Sandy15
Sandy15's picture

Every type of news will be ignored since the Bernack wants to destroy to dollar and the economy.  It helps Soros and friends with their NWO.

Wed, 03/30/2011 - 09:16 | 1116508 monopoly
monopoly's picture

Nothing has changed. Just staying the course. Go ahead and mark AMZN at 200. I will pass. But I am not, and have not shorted this market. I do not fight Madmen.

Wed, 03/30/2011 - 09:22 | 1116523 camoes
camoes's picture

THE BEARS SAID BUY SILVER!!! TRUST THE BEARS, THEY HAVE THE INSIDE INFO!!!

Wed, 03/30/2011 - 09:31 | 1116549 tmosley
tmosley's picture

You don't need to have insider information to know it is a good idea to buy silver.

Wed, 03/30/2011 - 09:27 | 1116534 Quinvarius
Quinvarius's picture

I like how when the mint runs out of blanks it is reported as a drop in silver eagle sales.

Wed, 03/30/2011 - 10:58 | 1116915 DosZap
DosZap's picture

The mint has plenty of silver for Eagles.

Perhaps the price is a tad rich, when you can buy private label bulion for 3-$4.00 less an oz.

Wed, 03/30/2011 - 09:33 | 1116553 Silverhog
Silverhog's picture

Housing still in free fall, world deficits growing like your worse case cancer and a renegade Plutonium plant about to fart near one of the worlds biggest cities. Lets see, who else would like to add to such a positive economic outlook list?

Wed, 03/30/2011 - 10:30 | 1116781 earlthepearl
earlthepearl's picture

Why is the CHF spiking?

Wed, 03/30/2011 - 10:59 | 1116923 DosZap
DosZap's picture

Because everyone and his dog is buying it, and it will cost them long run.Too much of a good thng ultimately will usually destroy the "Good" thing.

 

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