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dollar just took a huge dump...hope you folks bought the silver dip
So how much of the $73 billion that Billy had in his pocket just disappeared?
So, how far underwater (already) is yesterday afternoon's $1 million dollar bet against silver?
as of 10:10am in NY it seems just fine
I'm sure the Fed speakers won't let pesky details like facts stop them from explaining how there is no inflation.
Just wait until all that GREEN manufacturing kicks in..................
Bunch of dumbfucks.................
and the $DXY goes spelunking to new lows....
Yeah i was.hoping for just a couple of weeks of strength
US exports of empty containers at record high.
At least something.
The US has run a net trade deficit in total goods + services (combined) every single month since January of 1992:
Every single month with no exceptions.
Free Trade = Yet another brilliant idea brought to you by the elites
Isn't it by design? Isn't the plan to contribute little and take out a lot from global trade? For example, till recently our town schools would leave lights on in all rooms all-night, (school lights blazing away, a real shining beacon on the hill) -- tells you what we think of the "real" cost of energy!
Exporting jobs along with our manufacturing base is a bad design.
In my view, it was net gain to our economy but led to severe undervaluing of real resources and to severe misuse of these resources. Now those resources are gone, we are faced with bleaker future earlier than if we had judiciously used those resources -- but the reasoning our strategic thinkers in power have probably applied is that if we don't consume it, someone would -- so might as well consume it.
<<< In my view, it was net gain to our economy >>>
In your opinion, a cumulative $6+ Trillion trade deficit over the past 19 years was a net gain to our economy?
You must really believe in magic... and the Tooth Fairy... and Santa...
It's just paper for "real" stuff! I will take real stuff any day over paper that our magic banker can create at will.
I suppose the 3+ million manufacturing jobs that left America don't matter...
You win some, you lose some. They get 99 weeks and SNAP for life! But, gas is relatively cheap (compared to the rest of the world) for most of us to tool around in our F150s!
Strange line of reasoning...
Perpetual monthly trade deficits in the tens of billions per month will bleed America.
Now I see the flaw in your reasoning -- you are worried about the future. But the system is saying "Don't worry, be happy" - live for the day, consume. GWB said it, Obama is urging us to do as well -- our role in world trade is to be good consumers! Who can see into the future and wonder what will happen if and when we run out of essential resources. The USD is allowing us to enjoy the here and now, so enjoy!
GWB and Obama are clueless, and neither were qualified to be POTUS (imo). I hope America can find a leader, though my expectations are low because the two-party system has a stranglehold on the process. I believe Ron Paul is competent and has integrity, but I am equally sure he has zero chance of being POTUS.
japan will save our economy..exports of food and lead clothes will soar.along with citi opening new branches to finance construction with 0 down loans.
Like in England, you can only raise prices so much on broke unemployed people before sales drop off, just Hood Econ 101.
You're never to broke.
I'll give you one ounce of silver for your kidney!
I want to cook something special for my dog.
You were junked!! How short sighted!! My nephew, father of 3, has been on and off 'the dole' since 2008. In sheer desparation he recently sold a testicle.
who buys that?
Is that even legal?
Why not both? Is he planning on having more children he will struggle to feed in the future??
Hood Econ 101
The frightening thing is sales dropping is only the first hit to the bottom line.
When the people start robbing / stealing / and committing property damage the profitability looks even worse.
YEA when the neighborhood economy revolves around who's got the most ammo, then its real interesting times!
So the US deficit grows constantly...
The trade deficit grows constantly...
Inflation grows constantly...
I CALL THOSE GREEN SHOOTS!!!
You fill a QE canon with 100$ bills and blast a canon ball from the canon. Whatever money makes it in 1 piece get's to go to the real economy and produce GREEN SHOOTS!!!
The shitty part is that the goal is the destruction of the dollar and the US to remove it as the global reserve currency and institute a new global regime (financially, think British Empire), so for the good americans that actually give a shit that know this are shorting and hedging against the US because they have to if they want to protect their future further exacerbating the problem. While the majority that are asleep have no idea what the fuck is going on.
Thats right, and it appears theyre pretty close to go-time.
Actually should have said, to protect their FALSE sense of security because it will not be a good thing.
We need to export some more of those Chevy Cruzes!
LOL +100 - with the 'detachable' steering wheel feature at NO extra charge
The fucking asshat on our local "news" radio station mentioned this story this morning.........and then he ended it by saying (paraphrased, but I shit you not he actually said)
"Not to worry though if you own a new Cruze. This problem was only with 1 car in which the incorrect steering wheel was put on at first"
He made NO MENTION of the fact that they KNOW FOR A FACT that there were a couple of thousand where the steering wheels were swapped in this manner as reported here on ZH yesterday.
Sick. Even local reporters are in the Gestapo now, carrying the water for Der Furher.
Near the end of the segment, Burnett remarked that the United States is "...a very wealthy country. If you look at our assets, we could pay down the debt tomorrow. We choose to borrow because we can borrow at incredibly low interest rates." By "assets," Burnett seemed to be referring to the income of all Americans (unless she plans to auction off the Statue of Liberty to pay our bills).
so many women in positions that were once held by men ..look how much better things are working..
The usa becoming more export oriented will require getting rid of socialist type regulations and redistribution policies which increase cost of capital and decrease incentive to work.
WTF do we 'export' except debt and jobs? We dont even manufacture underwear here anymore.
Any policy that encourages laziness should be outlawed, any one proposing such policies should be arrested.
Gold and silver have regained all their drop off and then some, USD 74.6, DOW down 60...enjoy.
fwiw: large movement of tank units to Afgan in next 12 months..will it be Iran or Paki that gets nailed or both??
this from one who got his orders to get ready ..
Obuma the man of peace..gotta laugh at the sick fuc* in the white house.
he is a sick f**K
Bigger war monger than Hitler in my opinion.
Fort Benning just built a whole new tank division. Are they really shipping those things?
"will it be Iran or Paki that gets nailed or both??"
Just in time for the (presidential) campaign season. "You gotta reelect me, I'm a waaaaarrrrr president."
if congress lets this illegal president start another war or expand it yet again they should all be hung on lamp posts how much more blood and treasure will they spill??
tank units into afgan makes no sense unless you are planning something much larger ten years of this war and no rioting in the streets the left has gone awol.
tank units into afgan makes no sense
tank units into afgan makes no sense
Unless you think Pakistan will become unhinged. Frankly, I would have thought that the rough types in Pak would have set off a few firecrackers just to see what they would do.
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