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I know someone who knows someone who says we're all fucked.
Gold and Silver targets that start with a Six.
Hadn't seen that....thanks for the link.
Must be this guy:
Yeah, that's him. He bought his silver in May '69 and went away.
do you know this guy? can you get me whatever shit hes taking?
welcome to 30 years ago? lol
You Americans are amatuers - if you want to wreck an economy then the UK is the place to come. We have the experience, we have the gullible voting public (slaves) and we have the total reliance on the housing market.
Ben Bernanke is getting shown up for the amatuer he is, you can't just rely on printing to ruin the economy, you need to print - and create deflation simultaneously (what do you mean you didn't think it was possible? - stand back and take notes)
Next up, America gets a lesson in revolution from Europe - the French and Germans have been quiet so far but I have a feeling the people are soon going to speak - and it won't be through the ballot box.
So come on America - up your game, let the repuli-tards loose on your economy and you will be in the 'A league' of economic destruction, rather than the slightly pathetic 'B league' you are currently residing in.
Hell we've even destroyed our currency and only now are we realising that "we have nothing to export" - which means we destroyed the currency for nothing.
Europe has been second best since WWII, and I suspect it will stay that way for some time.
There's a 'best'???
I'd say Europe was 'second least worst' as everyone is going down the toilet....just at different speeds.
You are correct sir. Very few of my fellow americans get it. But if you rely only on the corporate owned news media for information then it is understandable. I wonder if any of the old american traits will come to fore when the new reality comes. I have my doubts.
sorry Fred! squirls in da servers!
Fred it would take and act of God to get the old ways into the post crack up.. new normal rule book!
No Loyalty, everyone is a King and no one is a soldier.. the crème' rising to the top would only be killed in a drive by so some wigger wanna be gangsta could run shit!
and the majority Fred.. is Fernando'! and they are used to a lot worse so what will be offered is still better than what they had..
So, the Majority! will Duly Elect! Corporate Puppets! Post Crash and Burn!
I am seriously.. NO! really! I have said before I was looking for a way out.. but seriously I am Looking at leaving the U.S.!
anyone who wants to wonder why..
here ya go ------------> let George dumb it down for ya! he dumbed it down for me! http://www.zerohedge.com/article/congress-proposes-bill-allow-worldwide-war-including-inside-us#comment-1285896
start there and then read this one next.. http://www.zerohedge.com/article/drones-becoming-pervasive-inside-america
People! it is time to go! will the last person out take down our flag and let them put up the Mexi-Amero-Can Flag! Thanks!
Is spot on - we have it nailed here, well done Darling, King & Osbourne. The Banks continue to have plenty of amo to keep the politicians in line. How much did the Uk find to help the Irish `bailout`? a casual 7 billion IIRC. The banks are telling the treasury that if they have to take a haircut on anything, the unquantifiable daisy chain of CDS executions will kick in.
I know plenty of senior city types, and they are enjoying serious remuneration increases. But the majority of people are struggling - and not generally from mountainous debt, but from incomes falling in real terms.
Where is the austerity in the public sector? I do not see any. Yesterday we had a visit from the greatly reviled health and safety officer - but instead of the regular one person there were four of them, in two vehicles.
On the list of things they required was a certificate of destruction for some chemical containers. We used to be able to incinerate these, now we have to take them to a licensed disposal facility and in exchange for considerable coin, attain a certificate. Failure to produce said certificate leads to a prosecution and fine. Having produced the document I asked how the disposal facility dealt with the waste. And suprise suprise - it is burnt, not in an incinorator but in the open air!
I was not overly suprised, but I pretended to be and asked how this was an increase in health and safety over the old arrangement. The explanation was completely Orwellian, the reality is that it is just a small example of the increasing creation of government `non jobs` at the expense of those who seek to produce something.
A bit of further anecdotal observation: this time regarding the mood of the populace. I often go down to our delivery yard to talk to drivers making drops. Some of our bigger supliers also deliver to our competitors and I like to get a feel for who is busy and who is not. Often the driver will chat briefly, a few years ago it would normally be `the weather` `football` or `house prices`. Now it is never those things, it is mostly some form of comment about the duplicity of the political class in general and the servile reprting of the main stream media. If the lorry driver population is indicative of the population at large, we are becoming a nation of disilusioned, downhearted conspiracy theorists.
Why do those Asians buy more gold?
Don't they believe the bernanke can fix the economy?
THEY ARE SO FUCKED WHEN HE PRESSES HIS 15 MINUTES "REVERT ALL CRAP" BUTTON!!
Let's all go back into the shart invested swimming pool! The sharks haven't been fed for a week now, so they are to weak to attack us!
I guess they don't know you can't eat it.
Is the health care price index really 100000000000000000% higher than it was 100 years ago? Did you get the same level of health care service in 1911, considering the advances in medicine and surgery? Yet that's what the hedonic critics are trying to make us believe.
Without hedonic adjustments you get an inaccurate inflation rate. Just an inconvenient fact.
Well, considering the American population was not nearly as poisoned, polluted or starved on nutritionally inferior foodstuffs- therefore not needing as much medical care. Further, they were not fed outrageous amounts of drugs that caused new medical problems. I can see where the costs are higher.
Of course, you can always brag about our position of 40th in infant mortality. All the advances that still cannot cure the common cold, back pain or any of a hundred other maladies. We are great at treatment (drugs), but not at cures. Wonder why? Merck and others?
We have accurate inflation rates- see the MIT tables.
The UK and US are spent. The obsession with GDP, big government and globalisation has led to their slow demise.
Just puffing out the last of the debt based growth and then it will unravel. Greece, Ireland, Portugal. No one is able to grow out of this mess.
My list of disturbing trends is a little different:
Heard first call for the S&P to 400. The mega bears are beginning to make a showing.
Silver and gold leaving the customer accounts at comex are double the payouts to longs.
Courts all over America have eliminated the 4th amendment.
Pensions are under fire, how long until they come for the 401k under the authority of "national security".
While presumably having a "deal" on the national debt limit, it has now desintegrated into a long term holding pattern.
The trolls on zh have become so numerous, they are now tripping over themselves on silver threads.
Back in 1998/1999 we had the AOL chatrooms with self-proclaimed tech experts. Now we have precious metal experts everywhere. They're all experts yet whenever their favorite investment drops they are mentally unable to sell (like a trader should) but just whine about manipulation (like a girl).
Not sure if you're calling me a precious metals whinner, but I have been clear that I am enjoying Blythe's sale on metals. I did not mention manipulation at all. I did sell the market top in equities.
I'm an investor, not a trader, and I'm long precious metals. Trying to call tops and bottoms is a risky business; my silver position at 10% of my income is an economic insurance policy, not something to be trifled or needlessly risked with over a spur-of-the-moment lunge at "phat money". More power to you, if you pull it off, but with all respect, people like you that come out at this time in the "you should have sold, lolz" echo chamber are so many pigeons, tweeting away for now and, as always, will go strangely silent when pm's take the next long rise.
By the way, I'm no trader, but I even I know you don't sell on the dip.
I'm not a PM trader or investor. I have a choice of which currency I want to use. I have chosen Gold and Silver. Keep using Jew Confetti if that's where you think your wealth is safe.
You twist his words and miss the point. He was talking about trolls.
So what's your point, aside from taking "profits", Mr. Short Term Trader?
the reality is...
Long John and some others! trade! to earn more money to buy more PM's with!
Some people Like YOU! Mr. Bay.. own PM's and abstain from the system as much as possible to bring about an end quicker! or to starve the beast! and or other!
But what we really have.. and T Mosely and Long John helped explain to me.. with thier back and forth.. is that we are family here.. we many not always agree on the nuts and bolts.. but the big stuff! we are all together on.
so, lets not feed on each other.. lets bounce ideas off of each other to make our arguments stronger but NOT kill each other.. there is no reason that anyone who hates the FED should not be welcome here in these rooms!
no reason! now the people who get off on personal bullshit rants and undermine the Larger idea of Killing the FED (executive order 11110, BITCHEZ!!) should stop working for the Government.. if you are not build popular opinion to get rid of the FED then you are a FED worker bee whether you think so or feel like it or not!
No need for him to insult like he did. Yes, there is room for both trading the swings and long term investing. No argument there.
Manipulation is another topic altogther, which is legitimate and real. Casting disparaging remarks on that is not only foolish, but trollish, IMO.
It's really interesting how links and events mentioned in the threads (Zeek kindly gave me a link to the launch of the HKMex yesterday) suddenly become main articles with pretty good commentary. This is why I keep coming back here - bravo.
(Edit: I still don't like the word, "Stagflation". It seems semantically lazy to use something defined in 70-80's Britain from which recovery was seemingly easy and swift. As somebody else mentioned, we're in an infinitely worse situation).
Soros’ fund added Eldorado Gold, Freeport-McMoran Cooper & Gold and Goldcorp to their investments during Q1 2011.
This would suggest that contrary to simplistic reporting Soros continues to remain positive on the gold sector.
The man sold $650mm of GLD and bought $3mm of Freeport and Goldcorp.
He reduced his allocation to the sector by 95%.
So Should You.
Naw, think I'll bet against Soros and Buffet and all the other little Bilderberger boys- it just feels good.
Yeah, he reduced the allocation that you can see.
You don't get to be a billionaire by letting the world know what you are doing before or as you are doing it. He NEEDS idiots like you who just take everything at face value "It's the ultimate bubble, HUUUURRRRRRRR."
His GLD was called away,hardly bearish.
Maybe he went and bought some real gold Math Boy? Ever think of that?
So what's with your love affair with Soros anyway? You think any of us give a rats ass what he does with his money?
I already own Goldcorp.
Tyler, how much does Goldcore pay Zerohedge? Or do you just get a cut of their bullion sales?
Sore loser....or is it just 'loser'?
Is that your car?
Well, we now see the "world bank" (shudder) changed its tune from gold standard to US$ WRC 'til 2025. DSK who also wanted Bancor funny money to play with is getting it up the old Hershey Highway at Riker's Island gladiatorium. China piped down after being threatened and is using N Korea to transfer ballistic and nuke tech to all enemies of the KKK Empire. The Iranians are even going so far as attempting to cock a WMD gun at the KKK Empire's visible head in DC from Venezuela.
Ah, this is going to get very interesting very fast!
Looks like we will see gold hit $3,000 this year as some serious stagflation hits the globe and China RE plunges.
UK unemployment count is going up because there has been massive abuse of the "sickness" benefits which pay more. This is being unwound.
This sham started in 1984 due to the miners strike. The mining industry was a lame duck with lots of jobs supporting older workers with little in the way of eduction or alternative skills. They used mining industry ailments as an excuse to put these people on incapacity benefit to substitute for lost careers.
Then word got around and incapacity benefit doubled in the last 10 years. This is despite massive money being pumped into the NHS during this time.
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