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"This Is Your Friendly Goldman Sachs Prime Broker Margin Call"

Tyler Durden's picture




 

"Please sell anything that is not nailed down. Thank you. Oh yes, your invite to this year's Christmas elves party is in the mail"

Visualized another way:

Oh remember that record low NYSE investor net worth, and near record margin debt? Oops.

 

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Wed, 06/01/2011 - 15:56 | 1329992 Whizbang
Whizbang's picture

Boom. Headshot. Repeat after me: silver is not currency...

Wed, 06/01/2011 - 16:01 | 1330024 Dr. No
Dr. No's picture

Recession?  cash is king.  People forget the fundamentals.

Wed, 06/01/2011 - 16:09 | 1330067 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

DXY at 75 reigns supreme?

Wed, 06/01/2011 - 16:18 | 1330119 max2205
max2205's picture

looked like a flash drop....how many trades went off then

Wed, 06/01/2011 - 18:07 | 1330542 CPL
CPL's picture

All of them.

Wed, 06/01/2011 - 20:07 | 1330891 Hephasteus
Hephasteus's picture

It's all fun and games until august.

Wed, 06/01/2011 - 16:22 | 1330137 Boop
Boop's picture

In deflation cash is king...

Wed, 06/01/2011 - 16:26 | 1330169 Boop
Boop's picture

Maybe I shoulda said "In deflation cash is king".

 

And quite possibly my first Junk!  It is a red-banner day.

Wed, 06/01/2011 - 16:35 | 1330195 Whizbang
Whizbang's picture

We are in the grips of some serious inflation problems here, but the far more troubling problem is deflation. We will see inflation in items where people can afford to pay cash or easy credit like credit cards. Things like car sales and home sales that involve large amounts of credit are crashing right now, and the crash is accelerating. I just bought a 2br 2ba just outside of d.c. for 60k less than the last sale in 2009. Condos in florida are going for 6500 cash. I've never seen anything like it.

 

Wed, 06/01/2011 - 16:34 | 1330224 UncleFurker
UncleFurker's picture

"Condos in florida are going for 6500 cash."

 

Guaranteed title?


Wed, 06/01/2011 - 16:41 | 1330242 Whizbang
Whizbang's picture

Foreclosures in boca raton for under 8 grand right now on homepath (fanniemae.com). It's insane. Fannie mae guarentees a clean title.

Wed, 06/01/2011 - 17:51 | 1330482 Careless Whisper
Careless Whisper's picture

can they guarantee a governor that isn't a criminal?

Thu, 06/02/2011 - 00:42 | 1331523 Mentaliusanything
Mentaliusanything's picture

Funny thing is the banks still hold 'em at $180K on the books.

Heatburn (reflux) is a common ailment in the finance sector at the moment.

Those banker sure must have a big carpet to sweep this shit under.

 

Wed, 06/01/2011 - 17:50 | 1330476 johngaltfla
johngaltfla's picture

LOL, hell no. Lien city baby.

Wed, 06/01/2011 - 16:49 | 1330279 trav7777
trav7777's picture

people don't understand that this deflation is not like others; this one represents systemic insolvency where the basis for the debtmoney is eroding out from underneath it via default.

The very *monetary* system we used cannot, itself, be repaid.

Thu, 06/02/2011 - 00:07 | 1331484 Doña K
Doña K's picture

True and simple statement.. and yet....many dispute it.

The fact that this deflation (if it does not run into hyperinflation) is unique, should alert you to maintain a cash to gold/silver ratio such that if deflation persists your cash will be king (as Boop posted and was junked) and if hyperinflation takes over, your gold will be king and compensate for the lost purchasing power of the cash.

What is that cash/gold ratio? you may ask.

Follow nature, harmony, art and geometry. Do you know that most of Da Vinci's and Salvador Dali's paintings are based on the geometric golden section? http://www.google.com/search?q=golden+section&hl=en&biw=1366&bih=822&prmd=ivnsb&tbm=isch&tbo=u&source=univ&sa=X&ei=LwvnTbnTFsbLgQeOx6z_Cg&sqi=2&ved=0CDoQsAQ

614/1000 Hence. if your liquid assets to be invested were $1614, have $614 in PM's and 1000 in cash or 38% PM's and 62% cash.

  

Thu, 06/02/2011 - 00:44 | 1331525 Hacked Economy
Hacked Economy's picture

@Whizbang,

You are absolutely correct that we can have both inflation and deflation at the same time, so don't pay attention to the noobs who junked you.

When credit is difficult to acquire (we all know the end of this sentence), the economy experiences a credit contraction, and if this is widespread enough, then deflation will result.  But not necessarily over all areas of the economy...it could simply affect the areas that are dependent upon credit.

For example, I just sold two of my ATVs via private party sales.  If the economy were jumpin', then I could have probably listed them for about $2000 each, because the buyers would only need to get easy loans (and concern themselves with the low monthly payments as most sheeple do).  But since a LOT of people have poor credit now due to past-due payments all over their FICOs, credit is not so readily available.  The price had to therefore be downgraded to a "cash" basis, which means they sold for only $1000 each.  The absence of credit/loans means less "money" (albeit debt) in the system, and lower prices for higher-ticket items.

However, we all know that food and fuel have been going up and up and up, and Der Bernankestein has been authorizing the creation of more "cash" (physical or electronic) to offset the decline in outstanding debt instruments.  This has led to inflation in many lower-priced items across the board.  After all, people don't typically seek loans to fill up their gas tank or buy groceries (unless they're maxing out their credit cards LOL).

It's all a bit more involved than the simple outline I've provided here, of course, but it is possible to experience both sides of the coin at the same time.  I have a great time watching the pro-deflationists and the pro-hyperinflationists flinging mud at each other on ZH.

I personally believe the fundamentals are present for an eventual hyperinflation that is seeing its first momentum beginning now, and will likely reach the classic tipping point circa 2013 or 2014.

Wed, 06/01/2011 - 16:31 | 1330202 Dr. No
Dr. No's picture

Gratz on the junk.. Looks like you got two even!

As I should have posted "in a deflationary recession, cash is king"

Wed, 06/01/2011 - 17:35 | 1330440 Robot Traders Mom
Robot Traders Mom's picture

Deflation is a myth. The dollar can strengthen relative to other currencies, but that is like being the tallest midget in the room. Money is always printed. The money supply only goes one way. Sure, they say they are tightening but that is euphemism for not printing as much.

Basic goods are up dramatically. If you cannot see that, you are nuts. The Fed is only concerned about one thing when they cite the justification of a loose monetary policy and "deflation:" Housing. And for obvious, toxic cleansing reasons.

Wed, 06/01/2011 - 17:50 | 1330475 tmosley
Wed, 06/01/2011 - 19:04 | 1330708 spiral_eyes
spiral_eyes's picture

best zh post i've read for a while.

Wed, 06/01/2011 - 20:10 | 1330902 Hephasteus
Hephasteus's picture

What was that 10 year war that caused a lot of inflation viet viet viet something.

Now take that (afghanistan)  add on iraq and throw in libya syria and iran. Hiding a 2 to 3 x decline in the dollar on top of a 2 to 3x decline to even make it appear legit.

Wed, 06/01/2011 - 19:00 | 1330695 el Gallinazo
el Gallinazo's picture

Hey Dr. No This is a hyperinflationary blog. Talking deflation and cash is king is like pissing on the statue of my favorite saint. Trash you :-)

Wed, 06/01/2011 - 15:58 | 1330026 SheepDog-One
SheepDog-One's picture

My .45 Silvertip ammo begs to differ with your opinion.

Wed, 06/01/2011 - 16:05 | 1330060 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

It doubles YoY because it is pretty.  Move along.

Wed, 06/01/2011 - 16:11 | 1330082 spekulatn
spekulatn's picture

Funny!

Well done Mr Lennon Hendrix.

Wed, 06/01/2011 - 16:10 | 1330095 DoChenRollingBearing
DoChenRollingBearing's picture

Mr Lennon,

I need a silver expert and bull to write an article at my blog.  You know a lot more than I do about Ag.  If you would be interested, please send me an email, my moniker at gmail.  Thx in advance.

Wed, 06/01/2011 - 16:57 | 1330326 DoChenRollingBearing
DoChenRollingBearing's picture

You have mail from dochenrollingbearing.  Thx.

Wed, 06/01/2011 - 18:43 | 1330647 Crisismode
Crisismode's picture

U haz blog?

URL, pray tell?

Wed, 06/01/2011 - 16:34 | 1330200 Whizbang
Whizbang's picture

and then drops 35% in 2 weeks.

Wed, 06/01/2011 - 17:04 | 1330332 Bay of Pigs
Bay of Pigs's picture

Yet gains well over 20% YOY for the last decade.

Wed, 06/01/2011 - 16:11 | 1330081 traderjoe
traderjoe's picture

You're funny. Yes, silver can be used as currency. But silver is MONEY. 

I bet you don't even know the difference. Do some research, and then get back to us, or not. Prefer the latter. 

Wed, 06/01/2011 - 16:36 | 1330212 Whizbang
Wed, 06/01/2011 - 16:44 | 1330257 traderjoe
traderjoe's picture

Really, that's your retort? Are you saying I can't go to my coin shop and trade a coin for some FRN's? Isn't that the definition of a currency - a medium of exchange? And yes, I deal with other vendors who will trade silver for goods and services. 

In 1964, my quarter could buy a gallon of gas. Now my 1964 quarter can buy 1.5 gallons of gas. That's a store of value - that's money. 


Wed, 06/01/2011 - 16:47 | 1330275 Dr. No
Dr. No's picture

A store of value does not have to be money. Mises said money was the most marketable commodity.

Wed, 06/01/2011 - 16:55 | 1330320 Whizbang
Whizbang's picture

Thats the very definition of a commodity, not a currency. Have fun with your silver.

Wed, 06/01/2011 - 17:02 | 1330345 Bay of Pigs
Bay of Pigs's picture

WTF are you talking about?

Wed, 06/01/2011 - 17:27 | 1330422 Whizbang
Whizbang's picture

"Are you saying I can't go to my coin shop and trade a coin for some FRN's? Isn't that the definition of a currency"

No, it's the definition of a commodity. Commodities need to be converted to currencies which can then be exchanged for commodities of a different type. A currency is directly convertable between all commodity classes, particularly the USD. So no, silver is not a currency it's a mother fucking commodity. It can be used for black market/barter transactions on a small scale, but that is all for now. 

Thu, 06/02/2011 - 00:23 | 1331503 Doña K
Doña K's picture

You may want to check the US constitution on money/currency

Wed, 06/01/2011 - 17:04 | 1330354 traderjoe
traderjoe's picture

Yes, but you can't use bushels of wheat or barrels of oil as currency. Have fun with your cotton and linen inscribed debt-money. 

Wed, 06/01/2011 - 17:21 | 1330409 Whizbang
Whizbang's picture

You can't use silver either, or you got to prison for terrorism and Anti american activities. I'm not a fan of the FRN or Fractional Reserve Banking myself, but it's the way it is. For the time being, the USD is the only currency you're going to see. I feel awful for all of the people that bought silver at 50.

Wed, 06/01/2011 - 17:51 | 1330478 Absinthe Minded
Absinthe Minded's picture

You don't have to broadcast the fact that you're using silver to barter with. The fact is you can barter with anything of use or value. Bought some at $37, a little scary but got most at around $16. Pure dumb luck.

Wed, 06/01/2011 - 17:51 | 1330481 tmosley
tmosley's picture

So just because some crackpot third world country jails people trading with US dollars, the dollar isn't currency?

Amazing.

Wed, 06/01/2011 - 19:43 | 1330819 oddjob
oddjob's picture

I feel sorry for government slaves who are now realizing their pensions will be worth zip.

Wed, 06/01/2011 - 19:48 | 1330835 Rodent Freikorps
Rodent Freikorps's picture

Government always feeds itself first. You will suffer before they do.

Wed, 06/01/2011 - 17:31 | 1330428 tmosley
tmosley's picture

So the British pounds that I have are a commodity, not a currency, since I can trade them for dollars at the bank?

Amazing, Holmes!  Tell me, what are they used for?

Wed, 06/01/2011 - 18:57 | 1330687 Crisismode
Crisismode's picture

+100 oz Ag

Wed, 06/01/2011 - 16:48 | 1330289 traderjoe
traderjoe's picture

Dupe. Sorry. 


Wed, 06/01/2011 - 17:08 | 1330379 MrSteve
MrSteve's picture

"there's two kinds of money; cash and all others."

Wed, 06/01/2011 - 16:12 | 1330098 Id fight Gandhi
Id fight Gandhi's picture

Yes it is. Just passed in utah, more will follow

Wed, 06/01/2011 - 16:12 | 1330103 HamyWanger
HamyWanger's picture

Silver has been the official currency in the Roman Empire, China and the British Empire for centuries, dipshit. 

Wed, 06/01/2011 - 16:17 | 1330130 Dr. No
Dr. No's picture

Lol.  that stuff makes me laugh.

Wed, 06/01/2011 - 16:22 | 1330135 Transformer
Transformer's picture

Silver is a sickness.  Come back to reality.  Get well.  Find other things to focus on.  Get a life

 

 

HA!!

Wed, 06/01/2011 - 16:50 | 1330286 ebworthen
ebworthen's picture

 

Pussy is the only real currency.

The penis is a distant second, and can be substituted with cucumbers and corn.

 

Wed, 06/01/2011 - 17:36 | 1330343 pupton
pupton's picture

HA hahaha! You deserve a friggin Pulitzer for that one. I just about threw up in my mouth from the laugh your comment gave me. I add no value on my own, junk me.

Wed, 06/01/2011 - 17:19 | 1330397 Rodent Freikorps
Rodent Freikorps's picture

It is a commodity, and it comes with a freshness date.

It declines in value over time.

Wed, 06/01/2011 - 17:29 | 1330432 JW n FL
JW n FL's picture

I read your posting with great interest and have thought meaningfully
about your dilemma. I offer the following analysis of your predicament.
Firstly, I'm not wasting your time, I qualify as a guy who fits your
bill; that is I make more than $500K per year. That said here's how I
see it.

Your offer, from the prospective of a guy like me, is plain and simple a
crappy business deal. Here's why. Cutting through all the B.S., what you
suggest is a simple trade: you bring your looks to the party and I bring
my money. Fine, simple. But here's the rub, your looks will fade and my
money will likely continue into perpetuity...in fact, it is very likely
that my income increases but it is an absolute certainty that you won't
be getting any more beautiful!

So, in economic terms you are a depreciating asset and I am an earning
asset. Not only are you a depreciating asset, your depreciation
accelerates! Let me explain, you're 25 now and will likely stay pretty
hot for the next 5 years, but less so each year. Then the fade begins in
earnest. By 35 stick a fork in you!

So in Wall Street terms, we would call you a trading position, not a buy
and hold...hence the rub...marriage. It doesn't make good business sense
to "buy you" (which is what you're asking) so I'd rather lease. In case
you think I'm being cruel, I would say the following. If my money were
to go away, so would you, so when your beauty fades I need an out. It's
as simple as that. So a deal that makes sense is dating, not marriage.

Separately, I was taught early in my career about efficient markets. So,
I wonder why a girl as "articulate, classy and spectacularly beautiful"
as you has been unable to find your sugar daddy. I find it hard to
believe that if you are as gorgeous as you say you are that the $500K
hasn't found you, if not only for a tryout.

By the way, you could always find a way to make your own money and then
we wouldn't need to have this difficult conversation.

With all that said, I must say you're going about it the right way.
Classic "pump and dump."
I hope this is helpful, and if you want to enter into some sort of
lease, let me know.

 

http://www.craigslist.org/about/best/nyc/445962092.html

 

http://exposingfeminism.wordpress.com/2008/01/27/the-depreciating-asset/

 

http://nymag.com/daily/intel/2007/10/the_depreciating_asset_strikes.html

 

 

 

 

Wed, 06/01/2011 - 18:09 | 1330549 CPL
CPL's picture

Fuckin coffee out my nose...nice.

Wed, 06/01/2011 - 22:18 | 1331234 Blano
Blano's picture

Well said and thanks for the laugh.

Wed, 06/01/2011 - 16:22 | 1330152 Toxicosis
Toxicosis's picture

Silver is currency, SLV is not.  Derivative silver is not currency, physical possession of such has always acted as currency.  Acting clueless and not being able to tell the difference.....priceless.

Wed, 06/01/2011 - 16:32 | 1330208 trav7777
trav7777's picture

Someone was just tellin the silver pumpers on another thread about this, that there would be some hard lessons learnt here on industrial metals vs PMs.

Who was that guy?  I remember his being very good looking and highly intelligent...

Wed, 06/01/2011 - 17:07 | 1330370 tmosley
tmosley's picture

I seem to recall he had his head so far up his ass, he couldn't see the light at the end of the tunnel.  Rather, all he saw was the same shit over and over again.

I seem to recall a much more intelligent, forward looking man saying that paper silver volatility will increase while the price trends strongly downwards, even in an environment marked by rising premiums.

Wed, 06/01/2011 - 17:12 | 1330392 Dr. No
Dr. No's picture

I love when you guys exchange posts.

Wed, 06/01/2011 - 17:19 | 1330402 tmosley
tmosley's picture

I love it when Trav talks about the relative IQs of blacks, mulattoes, and quadroons.  I also love it when he talks about sterilization of between half and 97% of the human race.

It makes me feel like I'm punching Hitler back before he joined the National Socialists.  I wonder if Hitler could have killed da jooz and all those other people if he had had his teeth kicked in, as I have done to trav here?  Probably not.

Wed, 06/01/2011 - 23:04 | 1331362 trav7777
trav7777's picture

only teeth you've kicked in are your own from putting your foot in your mouth, dipshit.

Wed, 06/01/2011 - 23:18 | 1331381 tmosley
tmosley's picture

So stupid.  Too stupid for words really.

Why don't you tell us about the deficiencies of mulattoes and quadroons so we can laugh at how fucking stupid you are.

Wed, 06/01/2011 - 17:13 | 1330396 Bay of Pigs
Bay of Pigs's picture

Yes, you changed your story midstream so you didn't look so fucking stupid calling silver "an industrial metal only". Right after that you said it had "a PM component to it".

Which way is it, duplicitious Trav7777?

 

Wed, 06/01/2011 - 23:06 | 1331358 trav7777
trav7777's picture

it was as I said it was, dipshit

Wed, 06/01/2011 - 16:38 | 1330221 tickhound
tickhound's picture

Yeah, it's not you... It's economic history, the state of Utah, the um-teen other states, and the rest of the world that's wrong.

Cuz this time is different.

Wed, 06/01/2011 - 20:10 | 1330878 drom
drom's picture

Your right silver is not currency, it's money just like gold, currency is a paper fiat thing.  Now if you meant to say silver is not money then you better tell congress to amend the constitution, cause according to it silver is money.  Then your gonna need to should tell Utah and the 9 other states trying to pass bills that gold & silver are money that they need to take silver out of the equation too.  Just cause central banks are not buying it at this time doesn't mean its not money.

Wed, 06/01/2011 - 15:57 | 1329997 janchup
janchup's picture

Some people learn slowly.

Wed, 06/01/2011 - 15:54 | 1329999 drink or die
drink or die's picture

Can we get silver priced in terms of LinkedIn?

Wed, 06/01/2011 - 16:05 | 1330052 Iriestx
Iriestx's picture

+1

Wed, 06/01/2011 - 17:04 | 1330337 DoChenRollingBearing
DoChenRollingBearing's picture

Ha ha!  Well played.

Wed, 06/01/2011 - 15:55 | 1330004 Bazooka
Bazooka's picture

Market Crash....Dead Ahead!

I believe we have past the pivot point, the point where disappearance of credit and debt destruction will once again rear its ugly head. And, the FED will be powerless, because the immensity of the leverage, debt and upcoming negative mood will be beyond handling.

Disclosure: Long FAZ, VXX, UUP

Wed, 06/01/2011 - 16:03 | 1330054 kaa1016
kaa1016's picture

Absolutely. The writing is on the wall. Get ready..............

Wed, 06/01/2011 - 16:14 | 1330110 Joeman34
Joeman34's picture

Wrong, just window-dressing for QE3.  Do not, I repeat, do not bet against the FED.

Wed, 06/01/2011 - 17:02 | 1330346 FastBoat
FastBoat's picture

Because of the Fed's stellar track record over the last 20 years?

Wed, 06/01/2011 - 17:20 | 1330399 Joeman34
Joeman34's picture

It hasn't been the 'Bernanke-Student-of-the-Great-Depression' FED for 20 years.  Bennie has been nothing but clear he will do whatever it takes to keep asset values elevated.  He has telegraphed the next move many times.

Not saying it's [morally/ethically] 'right'.  Just my take on what will happen...

Wed, 06/01/2011 - 17:41 | 1330460 robertocarlos
robertocarlos's picture

How can he just give money to some people and the rest of us have to work for it? If he is going to increase the money supply the least he could do is fly the chopper over every city and drop the bundles of notes.

Thu, 06/02/2011 - 00:52 | 1331536 Hacked Economy
Hacked Economy's picture

Tell Bernanke to give me some FRNs...so I can dump them as quick as possible at my dealer's shop for some SAEs...

Wed, 06/01/2011 - 17:13 | 1330376 Loose Caboose
Loose Caboose's picture

Abso-fucking-lutely!!!

 

Edit - meant as a reply to Joeman34.

Wed, 06/01/2011 - 17:38 | 1330450 Bananamerican
Bananamerican's picture

+  eighth inning

Thu, 06/02/2011 - 01:29 | 1331565 TruthInSunshine
TruthInSunshine's picture

Wrong, just window-dressing for QE3.  Do not, I repeat, do not bet against the FED.

 

Yeah, because the equity indexes are where they were in NOMINAL terms about 12 years ago, and about 35% lower than they were 12 years ago, in absolute terms, while the wash, rinse and repeat cycles literally wiped out many along for the ride during just those 12 years, and that's with both Greenspan and especially Bernankenstein pumping out trillions of Alfred E. Newman bucks to goose things, too.

 

Great fucking track record.

Not.

Wed, 06/01/2011 - 20:18 | 1330911 drom
drom's picture

Bernake will not allow deflation, as he has said and shown many times.

The Feds biggest enemy is deflation, they just won't allow it.  I think your holdings will do well, up until the Bernake put shows up again.  You think he will stand on the sidleines  as deflation prevails, which would lead to more bank bailouts?  Not gonna happen.

Thu, 06/02/2011 - 00:58 | 1331540 Hacked Economy
Hacked Economy's picture

He also said (under oath) that he'd never use QE, either...

The Unholy Triad will employ whatever methods they need to reach their goals.  It's up to us to see one step ahead so as to prepare accordingly and "zig" while the sheeple "zag".

Wed, 06/01/2011 - 15:59 | 1330007 unununium
unununium's picture

Nice to see the banks down hard.  Maybe somebody thinks the derivitives fuse has some nonzero chance of being sparked.

Wed, 06/01/2011 - 15:59 | 1330008 Azannoth
Azannoth's picture

Ok this time they have stepped over the line!

Wed, 06/01/2011 - 16:00 | 1330011 HungrySeagull
HungrySeagull's picture

A little bit lower baby and here comes the truck!

Never you mind the Price, I think the Mint is cranking up production of ASE 2011 Bullion.

Wed, 06/01/2011 - 16:06 | 1330066 XenoFrog
XenoFrog's picture

Just after pay day too!  *cheer*

Wed, 06/01/2011 - 16:12 | 1330102 DoChenRollingBearing
DoChenRollingBearing's picture

Hungry and Xeno are invited to send me a gmail (my moniker) if you would like to see my new blog.

Wed, 06/01/2011 - 16:29 | 1330191 XenoFrog
XenoFrog's picture

Seen one blog filled with pictures of crushed kittens, seen them all.

Wed, 06/01/2011 - 16:45 | 1330277 NotApplicable
NotApplicable's picture

Yet another reason to be thankful that most of us unwashed masses here at ZH cannot post pics.

Wed, 06/01/2011 - 17:08 | 1330362 DoChenRollingBearing
DoChenRollingBearing's picture

Nothing like that.  Gold & silver.  Guns & ammo, survival stuff and personal anecdotes.  Over 100 from ZH have been given my link.

But, "Peace, Love, Woodstock" if you don't want to come over.

Pas de probleme.

If I said that right!

:) to ZH!

Wed, 06/01/2011 - 15:56 | 1330013 Bazooka
Bazooka's picture

Silver anyone? Gold? These are just a pair of equities with a sparkle. Safe haven my ass!

Wed, 06/01/2011 - 16:02 | 1330049 lawrence1
lawrence1's picture

You are just another ass who confuses price with value.  Live stupid, die stupid.

Wed, 06/01/2011 - 16:03 | 1330055 Dr. No
Dr. No's picture

FXY has proven resilient.  It has been a flight to safety on many a 300 point down day.  dollar and yen.

Wed, 06/01/2011 - 16:09 | 1330088 traderjoe
traderjoe's picture

You can't eat inverse etf's.

Wed, 06/01/2011 - 16:10 | 1330093 FastBoat
FastBoat's picture

The number of ounces in my stack remarkably stayed the same.  Go figure.

Wed, 06/01/2011 - 16:17 | 1330108 HamyWanger
HamyWanger's picture

Sounds like a disgruntled deflationist who lost all his money shorting the SPY and missing the PM rally.

Sorry dude, but your nightmare is far from over. In 2020 your stash of dollars will buy a metro ticket. 

Wed, 06/01/2011 - 16:23 | 1330139 Sancho Ponzi
Sancho Ponzi's picture

Some people are bipolar, but dude, you're bitroller

Wed, 06/01/2011 - 17:10 | 1330373 DoChenRollingBearing
DoChenRollingBearing's picture

EXCELLENT!

Wed, 06/01/2011 - 16:25 | 1330166 Shock and Aweful
Shock and Aweful's picture

Yeah, yeah, yeah....and it only costs $5.00 to dig it out the ground...we know...we know.

 

But, you forget that UNLIKE these  "equities" that you want to compare silver and gold to, these two metals will NEVER go to Zero....and there will always be a demand for them.  (At least they have been used and stored as value the entire time man has been "civilized")

 

Wed, 06/01/2011 - 17:25 | 1330417 JW n FL
JW n FL's picture

you cant eat $5 dollars..

 

you cant eat a shovel..

 

you cant eat $5 dollars of overburden..

 

you cant eat??????

Wed, 06/01/2011 - 21:42 | 1331131 Prometheus418
Prometheus418's picture

Rising demand for physical silver if the "peak oil" folks have got it right.  

Solar panels.

Wed, 06/01/2011 - 16:00 | 1330018 hedgeless_horseman
hedgeless_horseman's picture

London calling (about your margin account)...

http://www.youtube.com/watch?v=FiVvA9YQpiI

Wed, 06/01/2011 - 15:57 | 1330019 101 years and c...
101 years and counting's picture

i'll buy physical silver the day QE3 is preannounced....around $15/oz.

 

Wed, 06/01/2011 - 16:15 | 1330120 XenoFrog
XenoFrog's picture

I would triple my position at $15.

Wed, 06/01/2011 - 16:38 | 1330241 Hearst
Hearst's picture

Hell, I'd triple my debt limit to buy werewolf metal at $15 per oz.

Thu, 06/02/2011 - 00:57 | 1331543 Hacked Economy
Hacked Economy's picture

I'm still dollar-cost-average buying in small bits here and there, even at the current spot of about $37.  But if it drops to $15, I'll take out a loan and back up the truck!  Then when it hits $50 again, I'll pay off the loan and have my silver for free!

Wed, 06/01/2011 - 16:00 | 1330020 treemagnet
treemagnet's picture

I wonder what goofy shit the chairsatan is planning for tomorrow....

Wed, 06/01/2011 - 15:57 | 1330022 vocational tainee
vocational tainee's picture

We all were talking about for weeks..

Wed, 06/01/2011 - 16:01 | 1330023 So Close
So Close's picture

LOL...  watch the push up as the real buyers come in.

Wed, 06/01/2011 - 16:08 | 1330025 wisfool
wisfool's picture

Just curious... does Zerohedge get post ideas from this website: www.republicaninvestor.com or does the said website take the posts from zerohedge? 

They have the EXACT same posts !!!

Wed, 06/01/2011 - 16:19 | 1330122 seek
seek's picture

Uh, they pretty obviously were ripping off all of ZH's content in its entirety.

The page is now showing Error 404 but the google cache shows it was a verbatim copy of ZH. I'm guessing we're getting a 404 because ZH rightly filed a takedown notice with their ISP, or were they otherwise outed.

Pretty laughable when they've got Banzai's artwork copies as well. Hope the thieves burn on this one.

Good catch!

Wed, 06/01/2011 - 16:16 | 1330123 Tyler Durden
Tyler Durden's picture

Yes, we rip off republicaninvestor.com all the time. Sometimes we go to democratinvestor.com too, and alternate with fascistinvestor.net and communistinvestor.org for giggles.

Wed, 06/01/2011 - 16:26 | 1330157 Transformer
Transformer's picture

Personally, I get my advice from fascistinvestor.com.

Thu, 06/02/2011 - 01:31 | 1331566 TruthInSunshine
TruthInSunshine's picture

Tyler, is it true that you have been known to crib krugmanheartsfiatinvestor.com from time to time?

Wed, 06/01/2011 - 16:33 | 1330192 JW n FL
JW n FL's picture

you should have posted the gold chart on top of it.. to show how close to blowing that old high in gold today we came..

 

so that the sheep could see why silver needed to be punished! LOL!!

Wed, 06/01/2011 - 16:45 | 1330264 NotApplicable
NotApplicable's picture

fascistinvestor.net?

Oh shit, I hadn't realized they're now networked.

Wed, 06/01/2011 - 17:18 | 1330406 tmosley
tmosley's picture

Hey, why do they all redirect to CNBC.com?

Wed, 06/01/2011 - 18:19 | 1330579 SheepDog-One
SheepDog-One's picture

fascistinvestor.net now THATS what Im talkin about!!

Wed, 06/01/2011 - 16:44 | 1330276 Use of Weapons
Use of Weapons's picture

Registrant:
rogan labier
2541 dartmouth avenue
st petersburg, FL 33713
US

Domain name: REPUBLICANINVESTOR.COM

Administrative Contact:
    labier, rogan  @siteground.com
    2541 dartmouth avenue
    st petersburg, FL 33713
    US
    +1.7274984718
Technical Contact:
    labier, rogan  @siteground.com
    2541 dartmouth avenue
    st petersburg, FL 33713
    US
    +1.7274984718

Registration Service Provider:
    Siteground.com Inc., @siteground.com
    18008289231

Registrar of Record: TUCOWS, INC.
Record last updated on 16-Jul-2010.
Record expires on 16-Jul-2011.
Record created on 16-Jul-2010.

Domain servers in listed order:
    NS2.SITEGROUND281.COM  
    NS1.SITEGROUND281.COM  

Domain status: clientTransferProhibited
                clientUpdateProhibited

Information Updated: Tue, 31 Aug 2010 20:50:07 UTC

M. Rogan LaBier Launches M&A Consultancy "Broker Dealer Exchange"

Veteran trading and financial services executive M. Rogan LaBier has launched acquisitions intermediary Broker Dealer Exchange. The company will serve the buy-sell-merge needs of small to middle market financial institutions, a market niche which remains relatively untracked.

March 22, 2004 -- St. Petersburg, Florida -- Veteran trading and financial services executive M. Rogan LaBier has launched acquisitions intermediary Broker Dealer Exchange. The company will serve the buy-sell-merge needs of small to middle market financial institutions, a market niche which remains relatively untracked.

http://www.commodity-broker-site.com/newsletters/issue8.html

 

http://www.linkedin.com/pub/m-rogan-labier/1/297/480

 

LaBier is the author and contributing author of three books: "The Nasdaq Traders' Toolkit," "What Works in Online Trading" and "Tools of the Trade." He is also featured as chapter 10 of Dr. Jan Baird's book "Electronic Trading Masters."[2]

LaBier is currently CEO of acquisitions intermediary Broker Dealer Exchange, LLC in St. Petersburg, Florida.

http://en.wikipedia.org/wiki/Rogan_LaBier

http://www.facebook.com/pages/Rogan-LaBier/143839025632914?_fb_noscript=1

http://www.amazon.com/Nasdaq-Traders-Toolkit-Rogan-LaBier/dp/0471404039

 

Did have a blog at http://www.thesipa.com/blog/?cat=5 until end of 2009.

 

And so and so forth...

 

Quite why he'd do a copy/paste of ZH is not my area - perchance someone is trolling him, looking to set the dogs on him? Who knows? Seems a little pointless - ZH brand is fairly unique, and I'm not sure the content could be sold as Republican or Democrat...

Wed, 06/01/2011 - 16:58 | 1330316 ebworthen
ebworthen's picture

 

What a dumb idea.

Why not "Sheepleinvestor.com"?

I cringe when I hear the Demican / Republicrat b.s. anymore.

 

Wed, 06/01/2011 - 17:06 | 1330348 Use of Weapons
Use of Weapons's picture

He seems too high profile to rip off ZH, that was my point. Tyler seems too smart to troll himself (although, might be an insane insurance move) so I'm left wondering at someone's sense of humour.

Oh, 2008 Florida court case him vrs his previous employers as well. 2D07-2438 M. ROGAN LABIER V. BROKER DEALER MARKET, INC. http://www.2dca.org/PCA/2008/February0608.pdf

 

But I'm afraid this is the cheap 5 minute web crawl, so that's all the info I can be bothered getting.

 

Just seemed odd, that's all. I've no idea how florida rolls though.

Wed, 06/01/2011 - 17:21 | 1330407 JW n FL
JW n FL's picture

People really should leave our Family ALONE!

 

or.. not, its a free(ish) Country.

Wed, 06/01/2011 - 20:07 | 1330894 ebworthen
ebworthen's picture

Hey, I was just saying that the website name was stupid, not your post.

Weirdness there with that dude, but it IS the Internet...

Wed, 06/01/2011 - 17:13 | 1330384 JW n FL
JW n FL's picture

LABIER, ROGAN M
2541 DARTMOUTH AVE N
ST. PETERSBURG FL 33713 US

http://www.zillow.com/homedetails/2541-Dartmouth-Ave-N-Saint-Petersburg-FL-33713/47160317_zpid/

Recently Sold: $139,000

Zestimate®: $127,500
Wed, 06/01/2011 - 17:16 | 1330395 JW n FL
JW n FL's picture

Foreclosed on for a $139k house.

 

He's a winner! Tiger Blood! Double Winning! yep a Republican!

 

http://www.pinellasclerk.org/aspInclude2/ASPInclude.asp?pageName=index.htm

Wed, 06/01/2011 - 17:21 | 1330401 Use of Weapons
Use of Weapons's picture

Ye, read my post - already in there.

 

Is there some meta-history I'm missing here? Once famous investor fell on hard times, lost it all?

 

Ahhhh. Broker Dealer Exchange, LLC (often referred to as BDX)

http://www.bdx01.com/?q=node/15

 

Another forex scalping scam? Hmm. Moderately nose twitch worthy.

Wed, 06/01/2011 - 17:37 | 1330447 JW n FL
JW n FL's picture

he was living beneath his means! he was a humble man.. concerned only with his book(s).. until! she walked in.. and that's all she wrote! LOL

Wed, 06/01/2011 - 15:58 | 1330029 Cognitive Dissonance
Cognitive Dissonance's picture

That Silver chart brings new meaning to selling your family heirloom silverware to pay the taxman and stave off repossession of the family estate by the sheriff.

Wed, 06/01/2011 - 15:58 | 1330032 toothpicker
toothpicker's picture

As blatant as it can be. CFTC partners in crime

Wed, 06/01/2011 - 16:02 | 1330033 SheepDog-One
SheepDog-One's picture

MomoFader....I really miss you....please come back buddy!

Wed, 06/01/2011 - 16:41 | 1330194 tickhound
tickhound's picture

Today... Looks like the bulls laid a diarrhea trail as they ran for the hills. The Dow 30 got blow-torched with CEO's cryin' in the overdue spilled milk.  Meanwhile, gold traders thankful for the continued safe haven play.

Yours truly,

The Reverend Robo, Pastor for the Church of What's Workin' Now

Wed, 06/01/2011 - 15:59 | 1330036 lizzy36
lizzy36's picture

And to be clear....those Christmas elves are part of the "client-centered firm" that is Goldman Sachs:

 

Wed, 06/01/2011 - 16:08 | 1330058 hedgeless_horseman
hedgeless_horseman's picture

(-) silicone

Wed, 06/01/2011 - 16:06 | 1330072 firstdivision
firstdivision's picture

Instant boner...thanks now I have to sit at my desk longer...

Wed, 06/01/2011 - 16:17 | 1330115 Cognitive Dissonance
Cognitive Dissonance's picture

Wage slaves, with or without a boner, leave only when they are told to leave.

Wed, 06/01/2011 - 16:17 | 1330129 tarsubil
tarsubil's picture

I'd buy that for a dollar.

Wed, 06/01/2011 - 16:38 | 1330243 UncleFurker
UncleFurker's picture

Much like the global economy, she's all fake plastic.

 

 

Wed, 06/01/2011 - 16:50 | 1330294 Rynak
Rynak's picture

and looks as if she is quite hollow inside, blown up with hot air.

Wed, 06/01/2011 - 17:45 | 1330464 Bananamerican
Bananamerican's picture

"pneumatic" was Orwell's term...

Wed, 06/01/2011 - 16:53 | 1330292 the not so migh...
the not so mighty maximiza's picture

What a beautiful marble stairway

Wed, 06/01/2011 - 17:11 | 1330378 Use of Weapons
Use of Weapons's picture

I couldn't believe the detailing on that bow - so professionally tied.

Wed, 06/01/2011 - 17:52 | 1330494 w a l k - a w a y
w a l k - a w a y's picture

... and the gold-plated dingleberries.

Wed, 06/01/2011 - 17:01 | 1330339 Oh regional Indian
Oh regional Indian's picture

Ghastly!

ORI

Wed, 06/01/2011 - 17:18 | 1330410 buzzsaw99
buzzsaw99's picture

Chopped off at the ankles? WTF? Foot fetish bitchez!

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