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"This Is Your Friendly Goldman Sachs Prime Broker Margin Call"
"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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Boom. Headshot. Repeat after me: silver is not currency...
Recession? cash is king. People forget the fundamentals.
DXY at 75 reigns supreme?
looked like a flash drop....how many trades went off then
All of them.
It's all fun and games until august.
In deflation cash is king...
Maybe I shoulda said "In deflation cash is king".
And quite possibly my first Junk! It is a red-banner day.
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.
"Condos in florida are going for 6500 cash."
Guaranteed title?
Foreclosures in boca raton for under 8 grand right now on homepath (fanniemae.com). It's insane. Fannie mae guarentees a clean title.
can they guarantee a governor that isn't a criminal?
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.
LOL, hell no. Lien city baby.
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.
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.
@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.
Gratz on the junk.. Looks like you got two even!
As I should have posted "in a deflationary recession, cash is king"
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.
The tallest midget? Sounds dangerous: http://video.adultswim.com/robot-chicken/attack-of-the-giant-midget.html
best zh post i've read for a while.
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.
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 :-)
My .45 Silvertip ammo begs to differ with your opinion.
It doubles YoY because it is pretty. Move along.
Funny!
Well done Mr Lennon Hendrix.
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.
mrlennonhendrix@yahoo.com
You have mail from dochenrollingbearing. Thx.
U haz blog?
URL, pray tell?
and then drops 35% in 2 weeks.
Yet gains well over 20% YOY for the last decade.
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.
http://www.libertydollar.org/
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.
A store of value does not have to be money. Mises said money was the most marketable commodity.
Thats the very definition of a commodity, not a currency. Have fun with your silver.
WTF are you talking about?
"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.
You may want to check the US constitution on money/currency
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.
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.
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.
So just because some crackpot third world country jails people trading with US dollars, the dollar isn't currency?
Amazing.
I feel sorry for government slaves who are now realizing their pensions will be worth zip.
Government always feeds itself first. You will suffer before they do.
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?
+100 oz Ag
Dupe. Sorry.
"there's two kinds of money; cash and all others."
Yes it is. Just passed in utah, more will follow
Silver has been the official currency in the Roman Empire, China and the British Empire for centuries, dipshit.
Lol. that stuff makes me laugh.
Silver is a sickness. Come back to reality. Get well. Find other things to focus on. Get a life
HA!!
Pussy is the only real currency.
The penis is a distant second, and can be substituted with cucumbers and corn.
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.
It is a commodity, and it comes with a freshness date.
It declines in value over time.
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
Fuckin coffee out my nose...nice.
Well said and thanks for the laugh.
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.
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...
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.
I love when you guys exchange posts.
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.
only teeth you've kicked in are your own from putting your foot in your mouth, dipshit.
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.
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?
it was as I said it was, dipshit
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.
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.
Some people learn slowly.
Can we get silver priced in terms of LinkedIn?
+1
Ha ha! Well played.
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
Absolutely. The writing is on the wall. Get ready..............
Wrong, just window-dressing for QE3. Do not, I repeat, do not bet against the FED.
Because of the Fed's stellar track record over the last 20 years?
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...
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.
Tell Bernanke to give me some FRNs...so I can dump them as quick as possible at my dealer's shop for some SAEs...
Abso-fucking-lutely!!!
Edit - meant as a reply to Joeman34.
+ eighth inning
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.
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.
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".
Nice to see the banks down hard. Maybe somebody thinks the derivitives fuse has some nonzero chance of being sparked.
Ok this time they have stepped over the line!
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.
Just after pay day too! *cheer*
Hungry and Xeno are invited to send me a gmail (my moniker) if you would like to see my new blog.
Seen one blog filled with pictures of crushed kittens, seen them all.
Yet another reason to be thankful that most of us unwashed masses here at ZH cannot post pics.
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!
Silver anyone? Gold? These are just a pair of equities with a sparkle. Safe haven my ass!
You are just another ass who confuses price with value. Live stupid, die stupid.
FXY has proven resilient. It has been a flight to safety on many a 300 point down day. dollar and yen.
You can't eat inverse etf's.
The number of ounces in my stack remarkably stayed the same. Go figure.
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.
Some people are bipolar, but dude, you're bitroller
EXCELLENT!
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")
you cant eat $5 dollars..
you cant eat a shovel..
you cant eat $5 dollars of overburden..
you cant eat??????
Rising demand for physical silver if the "peak oil" folks have got it right.
Solar panels.
London calling (about your margin account)...
http://www.youtube.com/watch?v=FiVvA9YQpiI
i'll buy physical silver the day QE3 is preannounced....around $15/oz.
I would triple my position at $15.
Hell, I'd triple my debt limit to buy werewolf metal at $15 per oz.
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!
I wonder what goofy shit the chairsatan is planning for tomorrow....
We all were talking about for weeks..
LOL... watch the push up as the real buyers come in.
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 !!!
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!
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.
Personally, I get my advice from fascistinvestor.com.
Tyler, is it true that you have been known to crib krugmanheartsfiatinvestor.com from time to time?
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!!
fascistinvestor.net?
Oh shit, I hadn't realized they're now networked.
Hey, why do they all redirect to CNBC.com?
fascistinvestor.net now THATS what Im talkin about!!
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...
What a dumb idea.
Why not "Sheepleinvestor.com"?
I cringe when I hear the Demican / Republicrat b.s. anymore.
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.
People really should leave our Family ALONE!
or.. not, its a free(ish) Country.
Hey, I was just saying that the website name was stupid, not your post.
Weirdness there with that dude, but it IS the Internet...
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®: $127,500http://www.linkedin.com/pub/m-rogan-labier/1/297/480
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
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.
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
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.
As blatant as it can be. CFTC partners in crime
MomoFader....I really miss you....please come back buddy!
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
And to be clear....those Christmas elves are part of the "client-centered firm" that is Goldman Sachs:
(-) silicone
Instant boner...thanks now I have to sit at my desk longer...
Wage slaves, with or without a boner, leave only when they are told to leave.
I'd buy that for a dollar.
Much like the global economy, she's all fake plastic.
and looks as if she is quite hollow inside, blown up with hot air.
"pneumatic" was Orwell's term...
What a beautiful marble stairway
I couldn't believe the detailing on that bow - so professionally tied.
... and the gold-plated dingleberries.
Ghastly!
ORI
Chopped off at the ankles? WTF? Foot fetish bitchez!