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Senator Palpatine speaks.. formation of the empire is near..
Wipe them out...all of them.
Economy on brink of collapse.
Soros should know, he bet it would!
Our society's crack-riddled brain wants to stop, but we still listen to this pusher, Soros.
It's madness that anyone trusts this guy after making a cool billion on the crash of the Pound. Madness!
Bankers Declare War on Commodities by Jeff Nielson, Friday, 24 June 2011 11:59
"Some may suggest that my choice of subject for this commentary is misplaced, given that the “reason” why the oil market plummeted yesterday was the big oil-dump of 60 million barrels by the International Energy Agency (IEA). My reply to that is that the response of all of the commodities markets to that news demonstrates conclusively that the bankers are attacking all commodities."
so Soros sold his gold recently as has been rumored..one lie after another has worked for a very long time. I bet even Soros gets confused as to which lie he is promoting at the moment.
PM's are getting stronger against paper who knew?
Er, no. Not at the moment they are not.
Read around a bit and what do you find? Liquidity is a problem. Cash (ie: instant access to computerised credits) is in short supply.
Nobody knows for certain, and those like Soros who might have a better chance of knowing will only tell you the things that will help them achieve their own objectives. But right now the squeeze seems to be on. If so, I think we are moving into Ruffer's "moment of deflationary fear" and it is only after we have experienced that phase that the "inflation of currency compromise" will make PMs the safe haven.
Meanwhile my most reliable source in the UK has issued a red alert to subscribers - ensure your bank deposits are below the (alleged) guaranteed deposit scheme, and he has listed the Uk banks in order of safety - some surprises for me in that list.
Interesting... Natwest anywhere there? Just asking, or maybe you can help us by saying who is this source? Thanks.
Nadeem walayat has given a list of UK banks which are safe in decreasing order. Goto walayatstreet.com
Yes, it's Nadeem. That man has been the most consistently accurate forecaster of Uk financial affairs since I started reading him 3 years ago. Not sure I agree with his forecast for the Dow at the moment. Anyway, banks:
"The following table lists Britain's major retail banking groups (separate licences) in terms of the percentage probability that your deposits above the UK compensation limit of £85k and Euro-zone banks 100,000 (current £/E £86k) would be secure in the event of a series of euro-zone debt defaults starting with Greece and that the crisis is contained to these smaller peripheral euro-zone countries i.e. Greece, Portugal and Ireland, if Spain comes under real risk of default then that would require a revaluation of this list as banks such as Santander would come under far greater pressure given exposure to Spanish government debt."
NatWest is down at the bottom. 5% probability Deposits over £85k are Safe
"Not sure I agree with his forecast for the Dow at the moment."
All technical, chartist, cycle "analysis" exist in "naturalistic" - i.e. romantic vacuums; there are no natural laws governing leveraged, manipulated finance - rather, one must consider political power games and popular perception as co-forces of globalist, casino-capitalism.
US Republicans will lose the next election if they do not get sufficient US budget cuts in return for continuous incrementally raised US budget ceilings, which govern the amount of issuable US debt. Consequently US debt issuance, and thus US equities-pump, will subside.
"so Soros sold his gold recently as has been rumored"
Here, I'll edit that for you....
So, Soros sold his soon to be worthless ETF shares recently, as has been rumored.
Doesn't that make it more accurate?
Soros did not sell any gold.
He did sell a substantial amount of gold shares, however.
*clap clap clap*......
Problem is that when Soros starts to talk, position is always going the opposite direction.
Also the fact that GS Tech is saying short EU could implicate that to many are on the short side and a snap back could be expected.
Do ZH readers still say "buying gold" or "buying silver" ?
The act of "buying gold/silver" is actually EXCHANGING toilet paper for gold/silver.
"Do ZH readers still say "buying gold" or "buying silver" ?"
I always say that I'm going down to the coin shop to get some change. Isn't that what it's called when you hand someone paper bills and get coins in return?
Yup....lol...wish ZH had some good smilies...
got a feeling George will do well in riding out the approaching (fast) Hell Storm but despite being a sharp cookie he still talks some rubbish:
the Euro is not backed by a political union or joint treasury, so when something goes wrong with a participating country, there is "no provision for correction."
The Euro as a patent fact has out-preformed both the US Dollar and Sterling over the past decade, both of whom have his beloved central banks. It seems having a central bank is not an advantage over a rag-bag de-centralised system such as Europe has, indeed both have under-performed the disparate Euro system
And will the US and UK's central banks save or resolve anything better in the coming Depression? Absolutely unequivicably not. All 3 zones will suffer the exact same economic turmoil, central banks proving once again their worthlessness and absolute uselessness both in rising and declining economies.
Sorry George, State monopolies are under-performing garbage, you're talking complete crap (again)
After partying with his son in the hamptons this past weekend, I wouldn't beleive anything the old man says
If the Hamptons is a gay bar, I believe you.
"Okay, close your eyes, and just pretend it's the Hamptons."
To anyone who hasn't already: MAKE PLANS
1) Stockpile food and water NOW
2) Select a house to all meet at as far from cities as possible, from amongst your circle of trusted friends/relatives
3) Convince anyone you trust to accept your plan. Sell it as a 'worst-case scenario'. Numbers will be VERY important
4) Ensure EVERYONE has enough gasoline stored to reach the chosen destination
5) Ensure you have means to defend yourselves
6) Tell NO ONE outside your circle what your plans are
You'll know the time has come when you turn on your TV and the gov't has bugged out.
Buy bomb-proof Nuclear bunker and hide there for
the rest of your miserable live, like a rat, what a freak.
You're almost as hysterical as Timmay on the deficit ceiling! Are you preparing for an asteroid attack, super-tsunami or a nuclear war?
Check the last Great Depression, 1929-34, and you'll see all sectors of business stayed open including water, food retailers, clothes and pretty much everything. There will be no shortage of anything, in fact businesses will be keen as mustard for your custom. Be prepared only for a culling of the business sector, not a killing. So relax. . .
Kinda true. Vast numbers didn't use city/state services, at that time(water from wells, minimal electricity, say just 6 lights and a few plugs for the radio). I've told my loved ones, this is how it works...currency breaks down goods and services remain, but for at LEAST a few weeks the object of desired trade or barter for those goods goes out the window..."Dollars? Give me something I can use!".
I have no issues with people preparing but this line of thinking always cracks me up: "4) Ensure EVERYONE has enough gasoline stored to reach the chosen destination". No one will be driving anywhere if TSHTF. This is what I-95 looks like on a good day in DC -- http://imgur.com/MWpeC
Some of us live in what you in the East call "fly over country" and we actually have room to breathe.
Tuco Benedicto Pacifico Juan Maria Ramirez
i don't know how many times i've said this; but during the last great depression 97% of the population didn't live in global import dependant cities.
Government dependent cities...
Without SNAP, section 8, and general welfare...the cities would already look like the pictures of the great depression. Bread lines, people living in tents in the parks...we'd have all that now without the government programs.
Exactly. Comparing the coming collapse to the Great Depression is foolishness. Back then 90% of the population lived in rural areas and was NOT dependent on the government for anything. Now consider today's exact opposite scenario of 90% in urban areas. That retreat or bunker is beginning to look like a good idea, not a paranoid one.
i agree this will be worse than the 1929 Great Depression but for every benefit they had in their day and for every Govt dependency we have today there's still technological advancement for our better keeping ...the Web should prove a real boon to sharing ideas, barter and trade etc ...regards Cities being dependent on international trade what's wrong with that? It's unlikely to break down, just contract, in fact it's a productive bonus (flexibility of supply etc) over 1929... as for us huddled in suburbia instead of out in the sticks again human interaction is always a positive not a negative, that's why towns and Cities and got larger in the first place, the opportunities of so much more on offer in urban areas for comfort and quaility of life
No need to add lots more negatives to a dire economic situation, we can prepare without need of bunkers, bullets and storing oil in drums
Huh? Did you forget that half the people living in the cities are going to suddenly be broke and starving? It's good for YOU...but not for them. Riots WILL ensure. The cities won't be safe.
No one ever starved in Kansas ! Your bomb shelter can double as a tornado shelter ? Monedas 2011 Digging for the Truth !
i'm concerned they're going to outlaw farming in the northeast, on grounds of public health, so i'm a little hesitant to start there.
7,000,000 Americans died of malnutrition/starvation in the Great Depression! Given your attitutde, you would have been amongst them. Have fun!
Well, Soros full of S**, as month ago he reported that he sold all his GOLD, and now he's probably shorting EUR, Good luck, old fart, betting against China, which are buying EUR debt.
Soros didn't become a multibillionaire by giving away his moves.
His public credibility is worthless. Until he publishes his Trade confirmations, so are his public utterances.
This informatino is null. Unless filtered thru a Soros decoder ring.
Hemm... what is the best way to get at large quantities of physical gold? If I could, this would be my way:
1. buy ETF's
3. redeem ETF's with physical gold
4. tell everybody my gold ETF position has decreased
5. wait and see
""China admits to buying small quantities of gold - about $50 billion in the last year. But it may be buying a lot more gold - and silver, as Imperial China was on a silver standard, not a gold standard," said Money Morning Contributing Editor Martin Hutchinson."
"Professor Robert Mundell urges gold convertibility for the euro, the currency which he fathered, as well as for the dollar."
"Mundell: [T]here could be a kind of Bretton Woods type of gold standard where the price of gold was fixed for central banks and they could use gold as an asset to trade central banks.
The great advantage of that was that gold is nobody’s liability and it can’t be printed. So it has a strength and confidence that people trust. So If you had not just the United States but the United States and the euro tied together to each other and to gold, gold might be the intermediary and then with the other important currencies like the yen and Chinese yuan and British pound all tied together as a kind of new SDR that could be one way the world could move forward on a better monetary system."
It is my understanding that the Euro is backed 15% by gold!?
if you want gold buy lead...if you want lead buy Land...if you want land buy a cow...if you want a cow buy a calf...if you want a calf buy a half moon...if you want a half moon buy a laugh... Then you'll know that the best things in life are free...
Soros sold his ETF holdings as this is public knowledge. However, he reinvested the proceeds in a manager that buys nothing but gold and gold stocks. So much for "selling" gold.
He just repositioned so that the public couldn't follow his each and every move through the 13F.
Soros, given his political activism, may have decided that he did not want continuing publicity regarding his large ETF gold holding.
Soros, given his political activism, may have decided that he did not want continuing publicity regarding his large ETF gold holding.
and therefore, the treacherous jew who sent many of other jews into gas chambers, took delivery on his ETF's and stores his bullion now in hofjuden vaults.
The probable inevitability of Soros agenda of libertarian paternalism and the new and improved gold backed SDR has the surprising plot twist of "End The Fed."
The last Bastian of Rusky Liberalism!
Soros is not Russian...
Right! He came to this earth straight from the bowels of hell!
he's not investor
he's corrupt insider and bankster "facility"
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