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When In An Inhospitable World Filled With Sharp Barbs, It Might Be Best To Act Like A Hedgehog
BIS tried to warn us.
Rosenberg gave us a head's up.
Ferguson and Faber sounded the alarm.
Now SocGen's Edwards and Grice are ringing the bell.
A
lot of heavy-hitters are saying that this is not just a problem in
Iceland, Dubai or Greece, but the start of sovereign defaults in fiat
economies world-wide.
When in inhospitable world filled with sharp barbs, it might be best to act like a hedgehog
.
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Choppy sideways action and chronic mixed signals continued this week, but the buying support I have previously mentioned returned on Friday 12 Feb.
It seems the DOW / SP500 / EURO / COPPER counter trend rally may start this coming week.
Daily charts remain bearish of course.
http://www.zerohedge.com/forum/market-outlook-0
A million seconds is about 11.5 days
A billion seconds is about 32 years.
A trillion seconds is 32,000 years ago!
Our ancestors were fighting over caves, without domesticated plants or animals.
We'd mastered fire, but bugger all else.
So it is finally time to wake up and buy physical gold and/or silver and hold it. Physical holding precious metals is key, not ETF or other paper promises. Thin about this, all the 'we buy gold' commercials on TV and the Internet. Why would all these companies want to buy your physical gold? What are you doing?
the Fed bought 40% of their OWN notes...talk about printing...lol's
The Fed is watching what we are watching. Perhaps all traders should go "radio silence" for the next three weeks so the GS software that was dangerous in the hands of a Russian but benign in the hands of an American won't get the benefit of our chatter.
Our chatter gets monitored. Radio Silence. The patterns they can't control are about to go Deathproof into their economic masturbatory dillusions. The one commodity no one controls is about to star on American Idol. Time. Even the Fed can't control time.
When time meets threshold...high ground everyone.
Wait until Obama goes reconciliation on the massive healthcare entitlement in a couple of weeks.
Right now Obama is like Captain Marko Ramius (the Connery character) in Hunt for Red October. He took his original orders, burned them, and has hijacked the whole country and is doing whatever he pleases, but won't reveal what he's doing until the final moment.
Captain Barack Ramius.
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If you think he has ANY authority whatsoever with respect to the money -you are sadly mistaken. He's a puppet. Like W, Clinton, and the famous "actor"...Reagan?
The banking cartel runs the show Amorica...
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Come in off the fringe for a second. It was strictly a comment on the final straw in the breaking of the back of the U.S. dollar.
To Obama, he's daintily placing a cherry atop a beautiful sundae. In reality it's not a cherry, it's a 50 pound bag of rocks.
The sheer comedy of introducing the costliest entitlement in human history (socialized medicine in a nation of 310 million people!) during a time like this is under appreciated.
Obama is Captain Ramius.
GREAT picture...the little guy looks so cozy and at home in all those thorns.
Just like Blankfein will look in his orange prison jumpsuit cuddling up to Bernie--zzzzzzzzzzzzzzzzz....
Somehow I can't imagine the *REAL* George Washington ever wanting to act like a "hedgehog."
I'm pretty sure he was too busy killing Redcoats and dodging musket fire to even consider the idea of curling up into the fetal position.
Perhaps you should find a more fitting avatar, don't you think?
oohhh maaannn...Chaos building up to a gigantic climax!! I'm practically cumming in my pantz!!!
Awesome pic...
Fiat currencies are just trying to reach their true value. The paper they are printed on. We have to obey the laws of supply and demand. Sure there is an undertow of deflation but does anyone think that Helicopter Ben won't be true to his word and blanket the world in FRNs if he sees the need? After all Zimbabwe Ben is ready, willing, and able to buy up all the bad assets at par, assuming the owners have the right connections.
This post reminds me of Chapter Three of the Crash Course, a very informative and free guide to our current economic mess. If you haven't yet seen it, spend five minutes watching it. You can find it here:
http://www.chrismartenson.com/
As Dr. Martenson says, all financial systems have flaws, and fractional reserve banking has a doozy of a defect!