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I think I'll go for a walk.
I'll join you...
joey diphard got us covered
This should be good for a continued 65 degree rally in US stocks.....the detachment from reality continues into perpetuity......
Tomorrow's headlines today...
US Stocks a Safe Haven, DOW/S&P Skyrocket on UK Fears.
Not to mention the huge increase in demand for high-quality USTs.
The post these last few days has turned me into an obsessive compulsive zombie. I am constantly opening my safe and counting my gold and silver bullion. Then I go to my broker account and verify that I still own oil. Then it is back to my safe to count the gold and silver. Then back to the broker account. I cannot stop. I going insane. This BS has to end. Someone pull the GD plug, hit reset, reboot, I don't care which.
I went to the range today. Lots of .40 into nice little 4" groupings. THEN I counted my gold and silver.
Ah, all better now.
Wow, me too.
Except I keep making sure I bought the right caliber ammo and running out to make sure I siphoned every last drop of gasoline from my lawnmower.
Take it easy, as it comes, it's the only way.
Get enough sleep to remain rational, and remember that word: RATIONAL.
There is far too much "information" on the web to consume.
Remember, rational analysis. Seek this.
Stay calm. All is not well, to be sure. There is a middle path of sanity however.
Am keeping ammo near the bed. My gun aint what it used to be. But the 12 g has a nice ring to it.
Nice rainy weekend here to build another thousand rounds....
Meh. This is just a scam to drive down the Pound. Let's all get in a tizzy over the poor old Brits while those Evil speculators drive down the currency.
And then watch as Britain profits off of increased imports, which they badly need.
Yawn. Same old hoopla, different country.
What fucking exports?
I smell Soros...
DAMN that is a bad-ass name!
UK is fine. QE 6 will be the new MI 6.
It is interesting that US will not stop at nothing to keep the treasury debt at low cost. This is just short of declaring a war.
By attacking Euro and present it as shaky will make investors go for "only" safe currency in the world and buy controlling country debt. More investors wanting US debt makes it cheaper to sell more of it.
Extend and pretend
Indeed. Extend and pretend as long as the assets affected are primarily non-essential. When food starts running short, that's when the devaluation game ends and we find out who has real money, and not just a printing press.
"it will take is an order from the US politbureau that the Treasury can withhold 100% of every paycheck, and in addition, garnish wages in perpetuity, DCFed at Ben Bernanke's favorite discount rate of -100%."
That or they will take the 2-7 trillion in 401K's and IRA's and put them into Social Insecurity II and buy bonds with stupid money.
Like Ron Paul says, don't steal the govt. hates competition
*lol* they've got QE II running the country for, what, fifty years now? They should be used to it by now and be fine.
we the people are slow to wake up and /or rebel. but surely other countries will not allow themselves to be had as well?
China and russia surely will attempt to benefit and or cause our demise. We are in a precarious state and our enemis are aware of this. Bernanke has exposed us to more danger than he is ready for. He is a traitor as are a few others. I wish we had a LAW . I wish we were a country of LAWS . I wish we had equal justice, but we do not. I wish we had honest currency, but we do not. I wish we had a truthful media, but we do not. Its not a free press, its a paid for press. many of you know this and more, but remember the folks out there are a little slow, fat , spoiled and dumbed down. They are still our people and its up to us to help save them and us.
Aint nobody coming to our rescue but us.
China and russia surely will attempt to benefit and or cause our demise.
China and russia surely will attempt to benefit and or cause our demise.
Why would they do such a thing? These are countries with long histories, and they know a large wounded animal is dangerous, and capable of lashing at random.
No, they will just wait. That's all they have to do: they both know this is the twilight of US power. A few more years, or months, or even decades, and the USA won't be a superpower anymore. They have time on their side, and both countries are patient. They can afford to wait.
Russia, in particular, has lots of natural resources, that will always be valuable. China has intelligent, hard-working people, who value education and science, and that will always be valuable as well.
The US will be back on world scene, eventually. But they won't be able to throw their weight around like they are doing now. These are the death throws of the US Empire. Good riddance.
With 1.3 billion mouths to feed - America will be China's farmland.
The thought of China being capable of destroying us economically has been weighing on me all week. If these nations are so far behind militarily with an ever increasing gap I cannot imagine them not taking advantage of likely the best oppurtunity they will ever have of crippling us.
* We have the weakest economy since the depression, we are in a second depression, we hve jobs hanging by the thread of a printing press and a nation that has literally purshed itself to the point where continued low rates and QE are exposing our stability. Men like Bernanke do not comprehend warfare tactics and that a blockade is as threatening as a dropped bomb. If I were China I would come out and make a statement that makes a mockery of the U.S.
Considering how we are embarrassing Japan our 2nd largest debt holder for no reason they may be tempted to stop buying as well. They could topple our reserve currency status and install theirs or at least attempt it.
We are embarrassing Japan to blackmail it into buying US treasury bonds. But US T bonds or we cripple your largest exporter, Toyota. Someone has to replace China in this respect. Now interestingly Japan's monetary policy seams to be 'Fire up the printing press.' Hmmm...
Bond vigilantes will be deterred by the risk of more QE. This will obviously weaken the currency, but so what and relative to what? May help exports but will harm those economies reliant on the hordes of lager swilling monsters that head south for the sun.
I don't buy the argument about the Greeks and tax evasion. The speculators are looking at countries where the fiscal position may be considerably worse that the official statistics - Italy is the leading candidate on that one, but I have a weird feeling that Austria could come out of left field. I still think the UK is screwed, but it will be the public sector workers and the sensible savers that will suffer the most, not the precious bond holders.
I broadly agree with you (A Man without Q) but I dont see how a bondholder (in this case owner of a UK Gilt edged stock) will escape without similar pain to that of a `sensible saver`. Both get harmed by more QE (currency devaluation). We do need to make the public sector a less attractive place to work, and small businesses more rewarding to own. Business rates (property tax) in the UK has become so onerous that many business owners are convinced that government does not care about their fete at all.
The EURO rally I warned of has started.
Must be time to sell Euros
Unicredit is Italian-based, and was rescued by the Italian Central Bank during the financial crisis. Some form of support may still be going on, akin to many US-based banks and the Fed.
Hmmm, I wonder if this is a coordinated advance PR effort by Italy to stay off the sovereign debt crisis chopping block, and try to offer up the UK instead.
In defence of the UKs debt postion , The average maturity of its bonds is a impressive 14 years.
Of course that is it really - everything else is horrid but.....
If they can stop building more and more bloody houses and do something constructive with their time then they may have a chance.
Remember the UK once had the most impressive boffin culture on this little planet. Maybe just maybe they can revive the lost art of making things.
"The post these last few days has turned me into
an obsessive compulsive zombie. I am constantly
opening my safe and counting my gold and silver bullion."
"I went to the range today. Lots of .40 into nice little 4" groupings."
THEN I counted my gold and silver."
You guys are in a rut. Lead and Gold aren't going to help if
you make yourself a target.
Get out of the house. Go down to a truck
stop and buy a baseball cap. Then head down to Goodwill and get
a New2U wardrobe. Hide the MB and buy a 10 year old Chevy Pickup.
By then you should be ready for a drink. Cross the tracks
and make some new friends. Practice being small time generous. All the
heavy metals in the world won't help you much when THEY start going after
Ever wonder why the police are so overpaid?
It's so they really WILL beat their countrymen for protesting austerity. They know that as long as the government exists and they are part of the Holy Trinity, their checks will keep coming. Feudal constables were relatively powerful, significantly better-off than a serf.
The police and, to an extent, the military exist to serve the government which is controlled by plutocrats. It doesn't matter what country you look at, even ones where the leadership INCONTROVERTIBLY took bribes in broad daylight and sold the nation out (Argentina), the police STILL dutifully stood up and gassed, beat, shot, tased, and imprisoned the People who ostensibly are in charge in a Democracy.
The government stood up to protect other members of the government. Just as surely as those New Orleans cops were ASSISTED by the investigator empowered with investigating their murder of unarmed civilians on a post-Katrina bridge. The investigator PROVIDED THEM with a drop gun.
Anyone thinking that this won't go the same way here is a fool - it already has.
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