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Gold - It's Time

Tyler Durden's picture


Authored by Lee Quaintance and Paul Brodsky of QBAMCO,

Gold bugs can’t understand how the public can be so unaware, how highly intelligent policy makers can be so immoral, and how the mainstream media can be so incurious. We can’t understand why more men and women in the investment business haven’t joined some of the more successful ones that have come around to precious metals and have taken substantial positions in them for their funds and personal accounts. The list of high profile independent-minded investors that have come out of the proverbial closet is impressive and growing: Kyle Bass, John Paulson, David Einhorn, George Soros, Bill Gross and Paul Singer, to name only a few.

Conventional financial asset selection guidelines for professional investors are becoming increasingly uneconomic and problematic. Current macroeconomic conditions leave little doubt as to why. A zero-bound rate structure across developed economies, heavy monetary policy intervention, guaranteed negative real returns of benchmark financial assets and cash, impossible discount cash flow models,cacophonous (and economically meaningless) fiscal political wrangling diverting attention from legitimate budget arithmetic ($800 billion over ten years when we’re running $1 trillion-plus annual deficits?), dubious short and intermediate-term prospects in already-emerged emerging economies, and non-trending financial markets, all suggest something has changed.

Regardless of whether one is investing personally or as a fiduciary, conventional financial asset allocation models and procedures are obviously failing and the reason is simple: the currencies in which financial assets are denominated are gravely flawed – levered beyond reconciliation and incapable of generating positive real returns for assets denominated in them, or ongoing consumer and business confidence while the leverage is being transferred from banks to central banks, and from central banks to government balance sheets. The political/policy dimension is boxed. We think prudence demands stepping away from conventional financial asset allocation models.

Here is what matters...

Qbamco - It's Time


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Wed, 12/12/2012 - 21:04 | 3057950 nope-1004
nope-1004's picture

There is no other way to protect your wealth.  All currencies are fatally flawed, and the central banks have all obviously agreed to debase together.

Made me sick watching bernocchio today.  The constant BS about "dual mandate", pinning asset purchases to unemployment was the ultimate.  Like a friggin' banker cares about unemployment.


Wed, 12/12/2012 - 21:06 | 3057965 SafelyGraze
SafelyGraze's picture

at least we don't have to worry about repatriating anything


Wed, 12/12/2012 - 21:29 | 3057990 I think I need ...
I think I need to buy a gun's picture

everything is fine

Wed, 12/12/2012 - 21:46 | 3058062 TwoShortPlanks
TwoShortPlanks's picture

More like another helping of hurry up and wait.

Financial Tantra anyone?

Wed, 12/12/2012 - 22:11 | 3058128 Boris Alatovkrap
Boris Alatovkrap's picture

Stupid man is save money.

Smart man is know money regime is to collapse and so buy gold.


Super smart man is know government will confiscate gold so is make sure is controlling money supply.

Wed, 12/12/2012 - 22:16 | 3058135 SilverIsKing
SilverIsKing's picture


Wed, 12/12/2012 - 22:46 | 3058206 Alpo for Granny
Alpo for Granny's picture

Yeah but TPTB have a gag on its mouth.

Thu, 12/13/2012 - 06:17 | 3058675 Supernova Born
Supernova Born's picture

They have China's knob in their mouth.

China has insisted with "clarity" (QE2 SSBN missile launch off Los Angeles [Oh, the witty Chinese and the delicious irony that the US "LOS ANGELES" class submarines are supposed to keep the USA safe from SSBNs!]) that they must be permitted to turn their garbage US holdings into gold or its WWIII.

Gold will remain suppressed until China has unloaded what they consider a "fair" amount of Bernanke bucks.



Thu, 12/13/2012 - 01:00 | 3058464 Doña K
Doña K's picture


Smart man buys silver and Platinum as well as gold to hedge three ways

Thu, 12/13/2012 - 02:12 | 3058542 SafelyGraze
SafelyGraze's picture

you drill into your platinum only to discover somebody salted it with gold


Thu, 12/13/2012 - 12:47 | 3059795 SafelyGraze
SafelyGraze's picture

spoiler: "Export: Gold (including gold plated with platinum)"

Thu, 12/13/2012 - 09:28 | 3058854 midtowng
midtowng's picture

And yet gold is getting crushed today

Thu, 12/13/2012 - 10:55 | 3059184 gmrpeabody
gmrpeabody's picture



Wed, 12/12/2012 - 21:17 | 3057992 GetZeeGold
GetZeeGold's picture



QE paper with public physical with private funds.

Wed, 12/12/2012 - 22:49 | 3058130 Boris Alatovkrap
Boris Alatovkrap's picture

In Russia, Boris is line up to get QE Paper. Boris very happy when is 2-ply.

Wed, 12/12/2012 - 21:38 | 3058048 SafelyGraze
SafelyGraze's picture


U.S. Reserve Assets Abroad: Gold (BOPOGLD) 
2012:Q2: 0.000 Billions of Dollars

Last 5 Observations
2012:Q1: 0.000
2011:Q4: 0.000
2011:Q3: 0.000
2011:Q2: 0.000

Wed, 12/12/2012 - 22:58 | 3058236 DoChenRollingBearing
DoChenRollingBearing's picture

Good hunting for great little factoid, + 1

Thu, 12/13/2012 - 04:59 | 3058631 smart girl
smart girl's picture

That looks like a totally fake chart. (this one)

Like a dead line somewhere random because Gold was sold, lost or stolen.

Wed, 12/12/2012 - 21:36 | 3058041 DavosSherman
DavosSherman's picture

"There is no other way to protect your wealth"

Metal(s) rock don't forget (s)ilver :-) all the best!

Wed, 12/12/2012 - 22:26 | 3058167 Cognitive Dissonance
Cognitive Dissonance's picture

Mrs Cog and I just Bought The F**king Dip (BTFD)...............again. Thank you hidden hand.

<Just keep on stacking.>

Wed, 12/12/2012 - 21:54 | 3058093 defencev
defencev's picture

It is kind of idiotic to keep repeating :Gold, Gold, Gold... Yes, Gold is money. Historically was , is and probably will be. But it does not have any intrinsic value. To give you an example: if somebody would  invent an elixir of life and would sell additional years of living, this invention would have intrinsic value. Gold is essentially useless. The use of Gold as money is a question of convenience and convention. If, for example, in case of Dollar crisis, China proclaimed that their currency is supported by Gold , the Gold would sky-rocket. If you believe in this scenario, buy Gold. Otherwise, it is kind of idiotic to try to persuade market (to talk it in)

that the Gold should go up. Only absolute idiots (which is, of course, absolute majority here), invest in this way.

Wed, 12/12/2012 - 22:04 | 3058108 akak
akak's picture


But it does not have any intrinsic value.  Gold is essentially useless.

To claim that gold is "useless" is to claim that money itself is useless --- after all, it is (currently) just little colored pieces of stiff paper, good for neither lighting a fire nor wiping one's ass, right?  Can I now have all of yours?

Wed, 12/12/2012 - 23:02 | 3058244 DoChenRollingBearing
DoChenRollingBearing's picture

If he gives you his gold, akak, please send me a lttle too!  Sometimes the worthless things are the BEST thinsgs!  

BRB back a sec, wanna weigh myself...:

+ 7 lbs!  Maybe 1/3 from the olloquito...  It will be ALL gone in a week, sigh....

Wed, 12/12/2012 - 22:16 | 3058132 MsCreant
MsCreant's picture

You're here. If we are such idiots, why stay?

Nothing has intrinsic value if you play it out far enough. You can define everything away. Life. Food. Air. Corporations are doing it daily to turn a buck, shitting in their own nests. It's not like they are ignorant, they have decided these things do not have intrinsic value.

You can do it for gold too, see it as having intrinsic (historical) value, or none. How about using history as a guide and see the gold thing as part of a cyclical, dialectical, process rather than a stagnant position/end game? There is going to be a time coming up where gold will be the place everyone piles onto for safety. But you are going to have to watch that one too. There will then be a time when it is not and you will want to have divested before then. I'm seeing it as a life raft for the likes of me, and a way to surf for some of you out there who can afford to load up. 

Me, I like the precious. I don't have time to think about every little up and down. I don't trust the manipulators, they don't have my interests at heart and they don't have as much control over the whole thing as they would like to think.  PMs let me go on and live my life and keep prepping and checking the news.

If you are trolling, be happy I gave you some attention.

If you are serious, you don't need to be as, er, uh, ugly about things as you have been. Just because it's fight club does not mean you need to walk in the door swinging. Bitch.

Wed, 12/12/2012 - 23:10 | 3058269 Bay of Pigs
Bay of Pigs's picture

And the always lovely Miss chops him at the knees. Nicely of course.

Wed, 12/12/2012 - 22:17 | 3058140 machinegear
machinegear's picture

Does MDB have kids?

Wed, 12/12/2012 - 22:39 | 3058188 akak
akak's picture

"Spawn" is the proper word.

Wed, 12/12/2012 - 22:25 | 3058163 boogerbently
boogerbently's picture

Sovereigns support and believe gold has value and backs currency.

When they are done buying, it ONLY helps them when the price of gold increases.

The more (fiat) value their gold has, the more "justified" their fiat is.

Wed, 12/12/2012 - 22:36 | 3058172 nope-1004
nope-1004's picture

Gold is essentially useless

When I put my $20 bill down on the table next to my gold coin, both just sit there.  I scream at them, tell them to "produce" something, but they don't.  I scream louder at the $20, saying "Buffet said you could be productive".  Both just sit there.  Darn it, anyway... but I think you're right - useless is a good word.

So what's your gripe about how one chooses to hold their wealth?  Would it be better if I traded my USD's in for black dirt, since black dirt actually can produce a vegetable?

These circular arguments about 'usefulness' are really lame.  Of course gold is useless.... whadya think?  It'll blow ya?  The key here is acknowldegment by the Fed today that:  When foreigners are shunning treasuries and the Fed needs to step in only to keep the ponzi alive, you better pay attention.  This game is getting serious.



Thu, 12/13/2012 - 05:05 | 3058647 smart girl
smart girl's picture

Buffet just bought "Oriental Traders" a catelog company for really cheap frivolous junk.

Wed, 12/12/2012 - 22:32 | 3058177 SilverRhino
SilverRhino's picture

It's only the most conductive completely corrosion resistant metal known to man .... yeah ... that's useless. 

Wed, 12/12/2012 - 23:13 | 3058272 H E D G E H O G
H E D G E H O G's picture

Agreed, and that pretty little one oz. Pamp in my safe WILL BE AROUND LONG, LONG AFTER ALL OF US ARE GONE!!!

Thu, 12/13/2012 - 00:33 | 3058417 TrulyBelieving
TrulyBelieving's picture

It is anti-corrosive(basically eternal), easily divisible, scarce,.... beautiful.  Nothing else on the planet that can better gold for money or store of wealth.

Thu, 12/13/2012 - 11:19 | 3059317 IrritableBowels
IrritableBowels's picture

Gold is from outerspace, formed from a supernova explosion.  USD is primarily cotton.  Like the tshirt you are (probably) wearing.

I mean, COME ON, haterz...

Wed, 12/12/2012 - 23:06 | 3058257 Al Gorerhythm
Al Gorerhythm's picture

Hmmmm. Much learning to do, this one has.

Wed, 12/12/2012 - 23:29 | 3058304 Stoploss
Stoploss's picture

                      .    .




Wed, 12/12/2012 - 23:41 | 3058327 Xanadu_doo
Xanadu_doo's picture

this may be the absolute most full-on retard post evar.

fuck off

Thu, 12/13/2012 - 00:06 | 3058374 DavosSherman
DavosSherman's picture

defencev: You fucking POS clueless fucking inept moron.

Thu, 12/13/2012 - 00:45 | 3058442 Mr. Magoo
Mr. Magoo's picture

It seems ironic you would call gold investing idiotic. You might want to research what has held value for over 5000 years, (hint) it is definitely not paper money

Thu, 12/13/2012 - 02:20 | 3058548 Bastiat009
Bastiat009's picture

As much as I like gold, I do not invest for the next 5000, 1000 or 100 years. My investment horizon is much shorter than that (so is my life expectancy)

Thu, 12/13/2012 - 02:29 | 3058554 akak
akak's picture


My investment horizon is much shorter than that (so is my life expectancy)

And so is the dollar's (at least at any value even remotely close to that of today).

Thu, 12/13/2012 - 01:49 | 3058516 Bicycles and Beer
Bicycles and Beer's picture

more concisely, you can't eat gold.

Thu, 12/13/2012 - 05:16 | 3058657 Rogue Trooper
Rogue Trooper's picture

As miscreant said in an earlier reply why not just FUCK OFF and leave.  As you say we are all idiots.

Plus it is also somewhat ironic that most of us on this site have foolishly lost our PMs in boating accidents.


Thu, 12/13/2012 - 09:24 | 3058842 Badabing
Badabing's picture

defencev  you piece of shit.

I guess you like working and saving while the BANK debases the hard work you accumulated.

So you have no choice but to play in the rigged casino to try to keep up with the inflation they “THE BANKS” impose on all of us working people.

Gold is what they “THE FUCKING BANKS” and you fear, you turd.

“Gold has no intrinsic value” let’s pretend that inflation is the interest.

Q: can we have lower than zero interest ZIRP?

A: only with inflation!

Wed, 12/12/2012 - 22:47 | 3058212 LongBalls
LongBalls's picture

Your exactly right. There is no othe way to protect your wealth. Ask the Chinese.

Wed, 12/12/2012 - 23:05 | 3058254 F. Bastiat
F. Bastiat's picture

Mentioned this a few days ago, but will reiterate: Gold coin stocks appear to be low because the new coins ordered come out as freshly minted 2012 coins. At least the maples do.  A few years ago, Au purchases would be fulfilled with 80s vintage coins. Today, retail orders are coming in as newly refined 2012 coins.

Similar situation for silver - maples delivered are 2010 minted. Very new.  Not much left in wholesale storage.

Wed, 12/12/2012 - 23:15 | 3058274 Chupacabra-322
Chupacabra-322's picture

The US Government in collusion with the looting Federal Reserve, is the largest money launderer on the planet, by a factor that is immeasurable. Remember. The US is the worlds Reserve Currency and the funded and unfunded debt of the US is over 200 Trillion. Every single dollar that is created out of the Alice in Wonderland Federal Reserve, is a dollar of theft from every man woman and child on this planet.The debt will never be paid. It will be money laundered away through inflation or confiscation.

In my opinion. Every single senior member of every agency and all members of the Executive should be arrested by a peoples tribunal and tried for High Treason and crimes against the people, convicted, then executed.

Thu, 12/13/2012 - 04:26 | 3058617 Nage42
Nage42's picture

Not only do they have well-reasoned justification, they are also holding a time machine... "Dec. 2013"


So does this mean that strong hands have to hold past Dec. 2013 at least because the end-game hasn't played out in this "back in time" report from Qa-blammo?


Just curious

Wed, 12/12/2012 - 21:11 | 3057960 MFLTucson
MFLTucson's picture

As long as the country has jerks like Buffett who can steal BILLIONS through poor investments that this government bails out and talks shit about real money (Gold) and this compliant media tell them how wonderful a man he is, Gold will not be owned by more people. When the collapse comes then this corrupt media will blame it on Republicans and the cycle of stupidity will turn again to mania and Gold will prevail.  That is your country folks; it is ripe for the picking if they elect a man like Obama for two terms.

Wed, 12/12/2012 - 21:18 | 3057994 I think I need ...
I think I need to buy a gun's picture

you know what the media is going to say? EVEN WARREN BUFFETT WAS WRONG SEE!!!!!!!!!!!!!!!!!!!!!!!

Wed, 12/12/2012 - 21:05 | 3057961 VonManstein
VonManstein's picture

Gold not looking to hot at this moment. Ill be damned if i know why. New normal is QE = sell gold. OKie dokkie

Wed, 12/12/2012 - 21:31 | 3058028 kliguy38
kliguy38's picture

No worries unless you're a paper trader of gold.......The game is physical accumulation and preparation for some bunghole pain for the uninformed peeps when they realize the fiat game is a fraud. gl to those that believe a stick save is still out there.

Wed, 12/12/2012 - 21:44 | 3058059 VonManstein
VonManstein's picture

Not worried and i dont have stops for this very reason. Cost av is very low.

Its funny more than anything right after Benny does his thing. Perhaps its a paper short to get cheapr Phyz on the london open.. Who knows who cares

Thu, 12/13/2012 - 00:38 | 3058431 TrulyBelieving
TrulyBelieving's picture

Benny speaks, then to show how in control he is next thing to do is crash gold.  Not the first time it's happened. 

Wed, 12/12/2012 - 21:06 | 3057962 tallen
tallen's picture

Gold just dropped $7 on no news again. Market has gone full retard.

*Oh wait I forgot, it's been full retard for years now.

Wed, 12/12/2012 - 21:17 | 3057991 The Shootist
The Shootist's picture

Yeah, silver too. What the fucks up with that? I want out of this rigged system dammnit! Somebody let me out, I'm taking my gold and silver with me.

Wed, 12/12/2012 - 21:55 | 3057995 GetZeeGold
GetZeeGold's picture



Welcome to the whipsaw market.....get used to it.

Thu, 12/13/2012 - 02:58 | 3058575 Hapa
Hapa's picture

can't really get up about it


its day will come

Wed, 12/12/2012 - 21:19 | 3057997 trav777
trav777's picture


Wed, 12/12/2012 - 21:27 | 3058012 The Shootist
The Shootist's picture

Or one could say that "steady supply and demand silver" went down 1.64% in free fall on no news. Or, down after QE 3 and on the evening of QE 4's announcement. It's what I call a cabal smackdown.

Wed, 12/12/2012 - 21:30 | 3058022 narapoiddyslexia
narapoiddyslexia's picture

BINGO for The Shootist!


Wed, 12/12/2012 - 21:43 | 3058055 nope-1004
nope-1004's picture

The criminal activity on the COMEX, LBMA, and thinly traded after markets are so obvious.  You'd have to intentionally look the other way to not see the overt criminal activity by JPM, which is what the CFTC did and continues to do.  What Chilton has said and what continues to occur are two different things, therefore, Chilton is FOS.


Wed, 12/12/2012 - 22:56 | 3058232 razorthin
razorthin's picture

Consider it a gift if you are stacking.  You gotta dance while the music's still playing.

Wed, 12/12/2012 - 21:45 | 3058064 akak
akak's picture



That's right --- and so that automatically makes everyone who owns gold (no matter at what price they bought it) a "bagholder", right Trav?

Wed, 12/12/2012 - 21:48 | 3058082 Jendrzejczyk
Jendrzejczyk's picture

It is fucking funny to see you back.

Let's hear "The Story of the Leaving and Grand Return".

Wed, 12/12/2012 - 22:19 | 3058143 MsCreant
MsCreant's picture

I second this request. (Hey Jendrzejczyk, nice to see you too).

Wed, 12/12/2012 - 22:53 | 3058227 Jendrzejczyk
Jendrzejczyk's picture

Always a pleasure to see you too Missy.


Wed, 12/12/2012 - 21:40 | 3058051 Mr. Magoo
Mr. Magoo's picture

Dr. Paul Craig Roberts

tells it like it is

Wed, 12/12/2012 - 23:06 | 3058260 F. Bastiat
F. Bastiat's picture

It's close to breaking. The coins delivered today are 2010 or newer for silver and 2012 for Au. Just refined - which means there really isn't anything in storage.

A network of retail consumers can absolutely break the fiat nonsense over time. But it takes persistence and physical accumulation. We're close.

Wed, 12/12/2012 - 21:46 | 3058069 Jungle Jim
Jungle Jim's picture

Yeah, I noticed that. More than $7, when I last looked. It plunged well below $1700 in the twinkling of an eye. Curiouser and curiouser.

Of course, my stack is still shiny. It's just suddenly worth a LOT less if I need to sell some of it to live.

I already sold my car, last week. If you want to call it "selling." It was more like I just gave it back to the car dealership for what I still owed on it.

Other than a couple of guns and a few other personal items that might, with luck, raise a few hundred dollars if pawned, and my Dad's uninhabitable house (which the state will soon force me to sell to pay Dad's nursing home bill anyway), I'm down to my PM stack. I can't wait a couple of decades.

Wed, 12/12/2012 - 22:18 | 3058136 ZeroAvatar
ZeroAvatar's picture

WHOA!  Tyler's predicted months ago that we would start seeing more and more used car inventory on the lots as subprime borrowers purchased and then had their cars repo'd. 


You 'gave it back to the car dealership for what I still owed on it'.  And so it begins.

Thu, 12/13/2012 - 00:05 | 3058370 Jungle Jim
Jungle Jim's picture

It didn't get repo'd. I bought it new in July, 2009. It was a 2009 -- the first new car I ever bought. I made a down payment of over thirty percent of the car's sticker price. I mean I just wrote them a check for $7,000.

 I don't know what you mean about "subprime borrowers," or if that ever applied to me at all in any way.

On the day I bought it there was a lot of razzle-dazzle and sleight-of-hand about "rebates" and other crap I didn't understand, which made me think I was getting a FAR better deal than I was. I soon learned differently -- that I owed a LOT more on it than I thought I was going to. 

Nevertheless, I believed I would have my first-ever new car paid for long before now. In this I was over-optimistic. As of November I still owed about $8,200 on it. I was paying Chase Auto Finance $330.26 every month. I was starting to feel this to be more of a burden, but I was still barely willing to go on paying it for a car I still thought of as in some sense new. (It had only 29,000 miles on it, and had never required any repairs beyond routine maintenance.)

A couple of months ago it started to give trouble. It would refuse to start at first. Then, when repeated attempts succeeded in starting it, the motor would go stone-dead in traffic, unpredictably.

On Friday, November 30 it went dead in heavy traffic in another town thirty miles from home. I managed to get it out of the road, but, unlike every other time before, this time it could not be restarted. 

I had to have it towed in to the dealership I'd bought it from, and sadly left it there, to be put in their shop come Monday morning. It turned out the computer had gone bad. The whole computer had to be replaced. That was still covered under warranty, though some other issues were not.

 But the whole experience -- dying suddenly in the middle of fast traffic (which might have gotten me killed), having it towed, and -- for me, worst of all -- having a bunch of grease monkeys in it, leaving black smudgy handprints all over the interior, oily stains on the upholstery and safety belts, and something sticky on the steering wheel -- just flat took the "new" right off the thing for me.

 So I no longer felt I was getting what I was paying $330.26 a  month for -- a new, in a way "unspoiled" car. It wasn't worth $330.26 a month to me anymore. The day they told me they had it fixed, I told them: "I don't like this car anymore. I don't want it anymore. I want it out of my life."

 They allowed it a value of about $8,500. I owed about $8,200 on it, plus the $144 repair bill I owed the shop. I never even sat in it again. I got my stuff out of it and I left them the car and they wrote me a check for the difference. And that was the end of that.

I DO still have an old, fully paid-for "beater" that still runs, sort of, for now. It might be  worth $3,500. And my PM stack, which would actually be worth a respectable amount of money if not for the ongoing, never-ending price-suppression.


Thu, 12/13/2012 - 08:05 | 3058721 flattrader
flattrader's picture

Sorry to hear of your troubles.  Sounds like you got out of it pretty clean.

>>>It turned out the computer had gone bad. The whole computer had to be replaced. That was still covered under warranty, though some other issues were not.<<<

Please tell us the make and model.

[ I heard another story like this recently. ]

Thu, 12/13/2012 - 10:54 | 3059182 Papasmurf
Papasmurf's picture

I bought my 1982 Dodge brand new from the dealer.  In my youth, I thought Chrysler deserved a break during that recession since Lee Iaccoca was willing to work for a buck a year.  I now know I was wrong; they deserved to fail in 1982.  A better company would have emerged from the ashes.  The 1982 Chrysler rescue formed the government bail-out model used today.    

As delived, with the fifty-eight point delivery checklist completed and signed, the truck was delivered a quart low of oil and with oil dripping onto the pavement.  Check oil level was on that checklist.  So was check for leaks.  On the trip home from buying it, I tapped on the horn.  The plastic button cover fell off onto the floor, it's plastic retainers cracked.

I took it back the next day for replacement of the leaking rear main seal.  They declined to replace the plastic horn button because pushing it hard was "abuse".  I refused to buy a new one for cash - the truck still has no horn button.  Why spend $15 on plastic crap that will break again?  The shop replaced the rear main seal and returned the vehicle a quart low of oil.  They billed Chrysler for five quarts under warranty, an amount that would have brought it to the full mark.  They lost the clutch cover and asked me to return in a few days while they ordered one.  A few days later, they had still not obtained a replacment clutch cover.  I instructed them to take one from the many unsold trucks in their stuffed channel.  They had plenty on the lot.

The horn had stopped working because of a loose connector under the hood.  Every time you closed the hood, this connector would fall off.  I left that disconnected to have them replace the loose connector.  It was fairly obvious when you slide the connecter onto the horn terminal that there was no retention force.  I had already replugged it several times and had it come back apart several times.  The dealer plugged it back in, barely staying on, and they billed Chrysler for a turn signal switch assembly.  Nevermind you don't touch the turn signal switch to repair the horn circuit.  I asked to see the old turn signal switch. They said they had already returned it to Chrysler.  

I contacted Chrysler regional about other problems with the truck.  During that conversation, I asked them what they thought about their dealer billing Chrysler Corporation for things such as oil, turn signal switches and so forth as warranty repairs when they had not actually performed the service.  Chrysler told me "that was none of my business".

Later, the right rear wheel would lock up while stopping on wet pavement.  The right side brake was overly aggressive.  The dealer "fixed" this several times by replacing the brake lining.  Each time, they said the lining was glazed but couldn't explain why this always effected only the right side.  The problem always returned in a few weeks.  Eventually, I fixed it myself by repairing the leaking brake cylinder that was contaminating the brakeshoes.

I didn't whimper and bring the truck back to sell it to them for a fraction of what I paid.  I kept that #oddamn truck.  I still have it today and use it.  That is my way of thanking the auto industry for their attendance to me as a customer.  I never became their customer again.  Oh, that dealer is gone now.  I wonder why? 

I haven't bought a new car from a new car dealer - any dealer since.  I buy cars used from private partys and I fix the things they couldn't get done by the dealer. I haven't had a car payment in twenty-five years.  That feels so much better than riding around with no money in my pocket in a blemished new car that I'm angry and disappointed about.

Recently my 1996 worth a $1,000 bucks crapped the transmission.  The A4XN transmission is known to be a POS and I did well getting 125K miles on the original.  I briefly looked at new Ford Fusions in the $25,000+ price range. Then I started thinking about how angry and self-consumed I would become if my expensive new car was delivered with an engine defect and sweaty mechanics end up taking apart the engine in my virgin new car.  I put the '96 in a transmission shop, and $3,500 later my $1,000 beater is running like a top.  The shop applied upgrades that correct the abberant shifting this transmission is known for.  At the same time, the shop fixed more stuff I put on the list.  The worn or failing parts that are removed during part of the transmission repair, they replaced for the cost of the parts.  A dealership would have toted up flat rate for a transmission mount replacement, transmission rebuild, engine rear main seal replacement, oil pan gasket etc and run that tab beyond $5K.  This firm valued my business and I will go back if I need transmission service again. 

Bank of America loaned me $3,500 cash for fifteen days on this epair. I paid in full with no interest payment.  They lend me money every month at no cost.  It feels great to ride around in the old beater with a seat that conforms to my ass.  The knobs and buttons are easy to use compared to todays unrepairable crap where a Microsoft touch screen computer masquarades as all the car's controls.

Most of the greasy hand prints in the car, oil stains on the seatbelt and so forth are my own from changing oil, brakes and so forth.  If the transmission shop added one or two, I hardly noticed. The best thing about it all is I am not angry, disappointed or self-absorbed about the financial mistake of buying an overly costly imperfect new car.  It's pretty much a crap shoot to get a good one. 

Most importantly, I remain debt-free.



Thu, 12/13/2012 - 11:51 | 3059480 IrritableBowels
IrritableBowels's picture

So the car was approximately $22K when new.  You've had it for 3.5 years and put 29K miles on it and they booked it at $8500?! 

That's some serious devaluation!

I drive a beater, too-a Buick.  Love the 3.8L (changing the waterpump was a HUGE bitch) and it feels like I'm driving a couch.  It gets me where I need to go comfortably and in the same amount of time as my co-worker's 2012 lifted crew cab Chevy 3/4 ton.  Wouldn't mind a mid-90's T100.

Thu, 12/13/2012 - 22:59 | 3061750 Northern Lights
Northern Lights's picture

You know, I understand where you guys are coming from with the cars.  First car I bought was a used 1990 5.0L Mustang.  No serious issues with this car.  I wanted one since I was a kid in high school.  Out some money into it with a new paint job and replaced most of the suspension and a new set of tires and exhaust.  Had the car for 8 years.  Was a great summer car.  Would have kept the car until the wheels fell of if it weren't for the Province of Ontario's Governmental interference with their smog test program.  Pretty much impossible to pass when you're driving a car that's 12 years old (bought it in 2001), and was built during a period when these things weren't passing their own smog limits when they were brand new!!!  I got tired of the run around of finding someone to finely tune it to pass it or conditionally pass it.  After 8 years of ownership, I reluctantly sold it.  I had it set up it could have ran another 8.  Talk about "recycling", I was more an environmentalist than anyone driving a brand new car every 3 years seeing as the most pollution caused by any vehicle will never surpass the amount made to build the fucking thing.  Hypocrite government.

Wed, 12/12/2012 - 22:01 | 3058104 AllWorkedUp
AllWorkedUp's picture

Yep. Maybe that's why more mush for brains fund managers aren't in it. They know it's manipulated like nothing else on the planet and unlike us hardcore holders, they can't handle the heat and don't want to fight the Fed.

 Seriously, we just heard today that QE to infinity is on the table and these fucksticks are taking it down in the overnights, really? Who else besides us puts up with this shit? It's been correcting in a range bound manner for 15 months since the last high. 80% of the time it's down during the day.

 No wonder I'm so pissed off all the time. I hope this pays off in the next few years because this shit is really old.

Wed, 12/12/2012 - 22:09 | 3058122 Jungle Jim
Jungle Jim's picture

I don't have a few years for this to start paying off. I needed it to pay off last year. I'm going under now.

Wed, 12/12/2012 - 22:55 | 3058231 AllWorkedUp
AllWorkedUp's picture

Jim - hang in there. I wish I could tell you we're going straight back up tommorrow but I've seen this too many times to say that. One day at a time. GL

Wed, 12/12/2012 - 22:02 | 3058110 GeezerGeek
GeezerGeek's picture

It should be obvious: they had to react to this article's appearance on ZH.

Wed, 12/12/2012 - 22:47 | 3058210 San Diego Gold Bug
San Diego Gold Bug's picture

Long term folks!  Who cares if it goes down $7 in  a minute in Asia....this is a long term hold for most here.  If you are a trader like myself, buy this dip and sell tomorrow morning (PST) around 5:30am.  Should be good for $5-$15 tonight.  This is almost like clock work most weeks.

Keep Stackin'

Thu, 12/13/2012 - 00:11 | 3058385 Jungle Jim
Jungle Jim's picture

I care.  don't trade paper. ALL my PMs are physical. It takes serious time and big, multi-layered headaches to liquidate physical. The only dealer I know and trust enough to buy from is in another city. I have to go there in person to buy or sell. I don't do any business online anymore.

Thu, 12/13/2012 - 06:41 | 3058636 Anasteus
Anasteus's picture

It has nothing to do with market. It seems that a frontal attack has been launched against gold & silver. The cartel is either getting nervous in desperate hopes to keep the status quo afloat at all costs, particularly now, when its unsustainability becomes more and more evident, or they are trying hard to keep prices lower for bank & hedge accumulation purposes as long as it takes.., or both. They seem to be pretty hurry; they don't even bother with pretending the price should follow some fundamentals. The dip is an unscrupulous manifestation of an outright manipulation during moments that are historically confirmed as being the most bullish for gold. Clear to me.

This way or another, an opportunity for bargain hunting unless it's too late. The fact that gold requires such incessant attention and intervention just demonstrates how valuable it is.

Wed, 12/12/2012 - 21:07 | 3057967 Kastorsky
Kastorsky's picture

gold bugs don't give a shit.

they have achieved nirvana

Wed, 12/12/2012 - 21:07 | 3057968 Caviar Emptor
Caviar Emptor's picture

Ask yourself: Will they screw it all up? Can they maintain 'con-fidence and credibility? You know the answer

Wed, 12/12/2012 - 21:07 | 3057969 ball-and-chain
ball-and-chain's picture

Gold Smold.

I'm investing in ammo and canned chili.

I'm also gonna buy me one of them there school buses I can live in.

I'm getting ready for the apocalypse.

Peace and love.

Wed, 12/12/2012 - 21:29 | 3058023 spinone
spinone's picture

I went to your blog and read it.  Its the absolute worst blog I have ever read on the internet.  It would be funny if you did it as a joke, but I can tell you're serious.  You actually describe each day what you ate and watched on TV.  What drivel.

Wed, 12/12/2012 - 22:21 | 3058151 MsCreant
MsCreant's picture

Thanks for looking so I don't have to.

Wed, 12/12/2012 - 22:57 | 3058234 Jendrzejczyk
Jendrzejczyk's picture

Now I have to go look.

Wed, 12/12/2012 - 23:03 | 3058247 Jendrzejczyk
Jendrzejczyk's picture

Well worth the price of admission.

"I walked ten miles today through the rice paddies.  Then I ate pumpkin pie and drank Dr. Pepper."

Wed, 12/12/2012 - 23:29 | 3058303 akak
akak's picture

Dammit, now you made ME do it!


Yesterday, the Dragon Lady served chili for dinner.  It came out of a can.  But I didn't complain.  I smiled and ate my vittles.  I'm marvelous that way.

The Factor came on. I can't remember a darn thing O'Reilly said.  That happens to me sometimes.  I just forget.  Perhaps I have Alzheimer's.

I watched the new Total Recall.  I absolutely hated the film.  The first one with Arnold S. was so darn good.  Classic.  How you screw up a Philip K. Dick story is beyond me.

I prayed to the Christ God on bended knees.  No big surprise.  It's not like I'm some filthy atheist or misguided nihilist.  Jesus is the living king.

I went to sleep at 9 p.m.  I didn't dream.  I woke up at 5 a.m. and drank coffee.

I read the newspaper.  New England laid a beating on Houston.  The Superbowl will feature the Broncos and Packers.  But what do I know?

The Five talked about the mess in Michigan.  Governor Snyder made Michigan a right-to-work state.  I like unions.  They protect workers from becoming slaves.  Perhaps I'm a misguided socialist.  Anything is possible.


Hard to get past the banality, but there is a certain Zen-like quality to it, I have to say.

Thu, 12/13/2012 - 00:01 | 3058362 MeelionDollerBogus
MeelionDollerBogus's picture

It's what happens when Forrest Gump DOESN'T summarize down to "life is like a box of chocolates"

Thu, 12/13/2012 - 03:18 | 3058588 Old Earth Chaos
Old Earth Chaos's picture

He sounds like a "misguided nihilist" to me.

Thu, 12/13/2012 - 08:34 | 3058752 MrButtoMcFarty
MrButtoMcFarty's picture

Is this the Jim Bakker diary?

Wed, 12/12/2012 - 22:59 | 3058239 Ham-bone
Ham-bone's picture

Spinone - thanks for the laugh but not sure if the blog or the fact you took the time to read it is funnier.

Thu, 12/13/2012 - 00:51 | 3058449 takeaction
takeaction's picture

spinone...thank you so much for making me click that.  Are you f'ing kidding me?  "Worst Blog" doesn't even come close to describing this crap.  To be proud and post that shit on a financial website...really?  You are proud of that?  Wow.  Traffic spike far 7 reads...wooohoooo....

Wed, 12/12/2012 - 23:24 | 3058296 Pareto
Pareto's picture

I can't find my bug-out bag!  Fuck!!

Thu, 12/13/2012 - 01:51 | 3058521 Taffy Lewis
Taffy Lewis's picture

It's great to see you back blogging, ball-and-chain. I won't blow your cover. It seems that you are lightening up on the cigs and booze, and getting more exercise? Take care.

Wed, 12/12/2012 - 21:08 | 3057970 scatterbrains
scatterbrains's picture

gold hitting the promethazine again

Wed, 12/12/2012 - 21:10 | 3057973 e_u_r_o
e_u_r_o's picture

heres hoping for a dip to buy!

Wed, 12/12/2012 - 21:41 | 3058054 tekhneek
tekhneek's picture

This is the dip?

Wed, 12/12/2012 - 23:28 | 3058300 MeelionDollerBogus
MeelionDollerBogus's picture


The dip is in the 1600's:

2012 11 05 277week ROC -goldpricemodel

goldpricemodel 2013 projection

math basis links (ROC rolled forward) are in descriptions.

The RISE, however, is steep so if you think the upper (green) bounds are where the prices stay rather than dipping to the red lows, maybe you'd want to average in now. For those with the cash, some gold, some silver, some agq 2x silver or hzu 2x silver for paper profits may be a good combo into May & September.

Thu, 12/13/2012 - 05:13 | 3058656 smart girl
smart girl's picture

Those are some pretty freaking awesome charts MeelionDollerBogus

Sat, 12/15/2012 - 15:13 | 3059610 MeelionDollerBogus
MeelionDollerBogus's picture

I know. Not failsafe, not error-free but in the long-game the errors are visible & clearly not frequent. They are big enough to fuck up a one-directional play long/short on leverage, however, so mind your step. Notice 2011 January. Oopsies for shorts.

Hope they help. Hopefully one day I'll make an AI to spot the patterns though I'm still stuck on how to spot the need for a sinusoidal kernel function. In the end I spotted that manually and not for recent use - that was from 2 years ago with 131 day rate of change predicting gold prices.

** addendum: Ex Numerus: How to fit a sine wave – An example in Python

Where I needed it: gold price model part 7 (I did it manually, the python code idea is to automate the process for any chart, any time period)

Wed, 12/12/2012 - 21:12 | 3057978 Top_Kill
Top_Kill's picture

These psychos just keep pusing it lower. Looks like Santa is coming early. Hopefully I get another stack of silver in the 20's!

Wed, 12/12/2012 - 22:23 | 3058156 MsCreant
MsCreant's picture

"Looks like Santa is coming early."


(I sorry, I could not stop myself.)

Wed, 12/12/2012 - 21:12 | 3057980 SilverIsKing
SilverIsKing's picture

They will sit on the paper price until there's no physical left.

Wed, 12/12/2012 - 21:13 | 3057981 Flakmeister
Flakmeister's picture

Hate to say it but the ZeroHedge Sell Gold oscillator is start to approach over-hyped again...

Wed, 12/12/2012 - 22:46 | 3058208 Vendetta
Vendetta's picture

for the 0.01 % of investors that actually invest in PM's, it probably is over-hyped.

Wed, 12/12/2012 - 21:18 | 3057985 BLOTTO
BLOTTO's picture

I understand why the masses aren't aware...the conditioning is thick & heavy.


The brainwashing is constant...every day - but an IV stuck in the arm...drip by drip (although it does seem the pace is quickening for a reason).


Our global occult leaders are NOT stupid. 'They' are very smart. Thats why they recruit intelligent people to join - not losers. But of course in the end the recruits (are losers) and will be sacrificed after having served their purpose.


Anyway, before i get carried away as usual on a tangent...


Whats going on in this world is unfathomable for the masses to comprehend or believe - and in that lies the genius of it all on their part and this whole scheme.



Wed, 12/12/2012 - 21:21 | 3058004 trav777
trav777's picture

oh lord...everything is a sinister plot.

They're so brilliant they look like idiots and that's the brilliance of it all?  Wow.

Wed, 12/12/2012 - 21:44 | 3058065 knowless
knowless's picture

They have to be relatable, whether sinister or not, there's definitely plotting, that truly is not debatable..

Pariah, scapegoat, whatever it is.
Whether they are truly ignorant is irrelevant.

But yes, i agree, most people are in fact just stupid, especially those who think their plans infallible.

Wed, 12/12/2012 - 21:57 | 3058094 knowless
knowless's picture

Foolish and gullible. Gold will hit hard then correct skyward during the last week of debate, 21st (mayan style, date coinciding) will be played for all it's worth to whip up frenzy, seeds sewn.

Everything is it's opposite inverted.

The first paragraph will not be how things happen.

Most likely just gently climb range bound in low 1700s, nothing fast until actual legislaytion.

Wed, 12/12/2012 - 22:51 | 3058221 Vendetta
Vendetta's picture

don't forget the brainwashed aspect of it.  Brainwashing can work on the brilliant and the dumb.  What I find astounding is how hard it is to get anyone to read something about the PM topic just to investigate it a little bit.  Perhaps all they know is the usual MSM outlets and can't get past the bloomberg or 'The Economist' articles.

Wed, 12/12/2012 - 22:27 | 3058158 BLOTTO
BLOTTO's picture



What kind of plots got us to this posioned, manipulated, lied to, perverted point in 2012 on this sick planet?

Good plots?


Or sinister plots?

Wed, 12/12/2012 - 23:23 | 3058295 MeelionDollerBogus
MeelionDollerBogus's picture

trav-clone? Isn't the real trav a trav7777 ? Ya, link shows it.

Seriously, so many chess pieces move in synchrony for a long-con and so many idiots believe every last word they say. So either they're very clever for keeping all the pieces moving together at the right pace, or they've very clever because by contrast the bar is actually pretty fucking low.

Wed, 12/12/2012 - 23:33 | 3058313 Al Gorerhythm
Al Gorerhythm's picture

You dumb, disingenuous fuck They're PRINTING money to pay their bills. (That's not criminal or conspiratorial?) They're counterfeiting money without the intent of earning it. They're issuing money without wealth creation to back it. They're defrauding the earners of paper script. We have to work for it, the government worker and bankers just have to print it. We have to chase yield, they control the yield. Interest rates are zero, money supply is without restraint.  

You have to be either the most gullible long term member of this site of just the dumbest blockhead out there. You learn nothing and offer nothing.

"Wow" is an understatement, coming nowhere close to the descriptor that encapsulates the shallowness of your drivel.

Wed, 12/12/2012 - 21:15 | 3057986 Martdin
Martdin's picture

Long Bipolar markets.

Wed, 12/12/2012 - 21:20 | 3058001 akak
akak's picture

"Because gold is honest money, it is disliked by dishonest men."


- Ron Paul, The Case For Gold

Wed, 12/12/2012 - 23:07 | 3058259 DoChenRollingBearing
DoChenRollingBearing's picture

Let's start a count of dishonest men...

What come after a quadrillion?

Wed, 12/12/2012 - 23:21 | 3058291 akak
akak's picture

I am not sure, but a unit of 16 trillion is now officially known as a "tad", which is equivalent to one "Bernanke".

Wed, 12/12/2012 - 23:23 | 3058293 Mike in GA
Mike in GA's picture

quadrillion and 1

any more math questions?

Wed, 12/12/2012 - 21:21 | 3058006 10044
10044's picture

congrats Tyler...algos now scan zerohedge to see when they should go apeshit and dump gold, just went down $12

Wed, 12/12/2012 - 23:33 | 3058312 Xanadu_doo
Xanadu_doo's picture

I hereby formally request more gold bug articles. Let's drive it back to 1600, then 1500 and then 1200. Please oh please!

Wed, 12/12/2012 - 21:27 | 3058013 Duffminster
Duffminster's picture

The anti-Gold Cartel is hard at work in the thinly traded access markets tonight trying to mask the inflationary actions the Fed announced today.  If you are looking to get into gold, these bear raids provide an excellent opportunity to get into silver and gold at prices that will never be so low again.   The TBTF bullion banks that do the dirty work for the US and British central banks and possibly for China looking to aquire physical at lower prices have been heavily capping today and are pushing prices lower in the spot and access markets.   The manipulation is so blatant given the fundementals that one can only guess how long these quasi-officially mandated criminal activities can continue.  Time to back up the truck and load up.  Even the mainstream financial planner says you should have at least 10% in PM's during NORMAL times and trust me, these are not normal times.

The sentiment in gold remains so lack luster even as the fundamentals have never looked so good.  What is so lacking in the broader investment media community (MSM) is the understanding of the fact that gold silver remain an incorruptible form of savings, and which I consider to be the only real hard currency, which is is not encumbered by practically un-repayable debt burden.   Over the last 10 years gold has maintained about a 7% of real return after inflation.   Compare that to negative real rates of return on Treasury bonds.  When  interest rates stay below the inflation rate, as they have for most of the lastdecade, the incentive is to save in the form of gold and other hard assets.  As you point out to Marc, until the deficit drops to say less than 1/4th of its current levels, short of the US claiming bankruptcy, which isn't going to happen, the Fed has no real choice (in support of the banks its represents) other than to continue buying the debt that foreign and domestic buyers are increasingly shunning because it costs them to do so due to the negative real interest rates.   This is not "stimulus".  Its the only means of maintaining the TBTF banks who are so integral to the operation.   Today the Fed announced it will be making a major expansion of the amount of debt it owns on its balance sheet with the $4 trillion mark close at hand.   If not for the major intervention by the major bullion banks to cap gold, gold would be up 20% today in my opinion.  The continued manipulation in the paper gold and silver markets offer long term and well educated investors and those seeking to preserve wealth long term a continuing opportunity to move their wealth into hard currency.   The suppressive actions of these hand full of bullion banks means that when the laws of economic finally overcome the corruption of manipulation, that the affect will not only be wealth preservation but capital gain in my opinion.  For those seeking to validate the assertions of supression, one only needs to Google GATA, which is the acronym for the Gold Anti Trust Action Committee.    A review of what the Fed did today (all highly gold positive):




Additionally it appears the "sterilization" component of operation twist will be discontinued and I'd guess its because of a relative shortage of short term paper.

Wed, 12/12/2012 - 21:29 | 3058020 nope-1004
nope-1004's picture


Wed, 12/12/2012 - 21:27 | 3058016 nmewn
nmewn's picture

Benny is my bitch ;-)

Wed, 12/12/2012 - 22:43 | 3058199 MsCreant
MsCreant's picture

Are you a Rothschild?

Wed, 12/12/2012 - 23:34 | 3058315 nmewn
nmewn's picture

Life gives you lemons, you make lemonade.

You can count on only several things in this life. Your family, one or two best friends in a real pinch, the sun rising in the east and governments going out of their way to destroy their own currencies to keep themselves in luxury.

Its not that I want whats coming, its just that, its what they do and I see it clearly...Jackson knew it, Jefferson knew it etc...and so do you.

Thu, 12/13/2012 - 01:15 | 3058491 MsCreant
MsCreant's picture

Lemonade is mighty good. Don't even need sunshine to make it once you have the lemons. ;-)

Thu, 12/13/2012 - 06:57 | 3058698 nmewn
nmewn's picture

lol...true dat.

Wed, 12/12/2012 - 21:28 | 3058019 stant
stant's picture

lets see bought gold at 800. silver at 11[on top what my dad left me] and kept buying on the dips. even my guns are worth more thanks to the fed. all the big farms surrounding our little old family home place see me replanting the orchard ,grapes and wave and give me a thumbs up. they get it.and my co making money as the farms are spending, everyone awake does here. makes me smile everytime i drive out there

Wed, 12/12/2012 - 21:58 | 3058098 Jungle Jim
Jungle Jim's picture

Great for you. Not so great for those of us who came later to the party. 

Wed, 12/12/2012 - 21:34 | 3058035 scatterbrains
scatterbrains's picture

or did someone leak a plan to take us over the cliff a few minutes ago?


Wed, 12/12/2012 - 21:34 | 3058036 DavosSherman
DavosSherman's picture

" the reason is simple: the currencies in which financial assets are denominated are gravely flawed – levered beyond reconciliatio"

And one more thing, we're not "gold bugs" dickheads---we just are the first to see what is going on, the last will win the Darwin Award.

Wed, 12/12/2012 - 21:37 | 3058043 FreeMktFisherMN
FreeMktFisherMN's picture

Wow, just look at the waterfall in PMs tonight. I guess it makes sense. I mean, it's not like they're printing 85 bn/month on top of PPT/NY Fed ramp up injections.

Wed, 12/12/2012 - 21:39 | 3058049 The Swedish Chef
The Swedish Chef's picture

What the fuck just happened? Someone swept the book over there in Asia... No, precious metals aren´t manipulated, sell the for FRNs now. 

Wed, 12/12/2012 - 22:37 | 3058185 Catflappo
Catflappo's picture

I guess somebody decided that their 'genuine sell order' was far better off getting executed at $1700 than $1720 a few hours earlier.

They may even get a job on a trading desk displaying skills like that.

Wed, 12/12/2012 - 21:47 | 3058058 Stuart
Stuart's picture

skynet controls the markets.  big brother controls skynet.   Free markets - RIP!

The US dollar caught a bid and there was no reason for it to catch a bid.  ... Pure 100% bullying of markets by official hands. 

Revolution is around the corner.


Wed, 12/12/2012 - 22:07 | 3058119 AllWorkedUp
AllWorkedUp's picture

Let's hope so. These guys need to be decapitated.

Wed, 12/12/2012 - 21:45 | 3058072 hairball48
hairball48's picture

Someone asked, "What's the media gonna say?" No shit! :) What will those media nitwits say when the markets collapse this time?

I listen to Bloomberg a good bit as I drive while working. Bloomberg is the least bad financial news network on my XM sat radio. It's fascinating listening to people like Kathleen Hayes, a long time "Fed watcher" and her clueless side kick Vonnie Quinn(cute girl with a nice Irish accent though) go on about "The Fed" with their guests day after day. "The Fed" is all they can talk about.

So when the shit hits the fan, I'll be interested to see what these brainless twits say. Who/what will they blame the collapse on.


Wed, 12/12/2012 - 22:31 | 3058173 Miffed Microbio...
Miffed Microbiologist's picture

This is why I can't watch/ listen to any MSM anymore. There is no investigational reporting, no challenging questions asked of guests, no debate. Everything is scripted and no feathers are ever ruffled. My mom was an investigational reporter in the 60s and70s. Her editor was Pierre Salinger, JFK's press secretary. She quit in the late 70s because she felt the news had been corrupted by taking outside advertisement therefore became profitable. She found that unacceptable due to the possibility of conflict of interest. She had me sit down and watch many newscasts with her, afterwards always asking " where was the bias in that report?". So my "shitometer" is quite sensitive. Watch the news as you would any reality show like "Survivor", thats about the level of info you're's just entertainment, treat it as such. Oh and if the SHTF, don't worry some one will had them a piece of paper to read and I'm sure it won't point to the REAL reasons!


Wed, 12/12/2012 - 23:47 | 3058340 Tommy Gunner
Tommy Gunner's picture

I only follow MSM to see what lies they have published - then I skip to ZH and look for the real story behind the lies.

A couple of exceptions - The Globe and Mail - and The Telegraph out of the UK - they are the best of a bad lot

Wed, 12/12/2012 - 22:45 | 3058202 Hi Ho Silver
Hi Ho Silver's picture

They'll be too busy eating out of trash bins to answer questions.

Thu, 12/13/2012 - 00:02 | 3058365 Freddie
Freddie's picture

The media will say how wonderful our mullah is, which is what they say everyday. Anyone who sys an unkind word is a racist.

Wed, 12/12/2012 - 21:46 | 3058073 dbTX
dbTX's picture

Fight the FED with PM's

Wed, 12/12/2012 - 21:47 | 3058074 Intoxicologist
Intoxicologist's picture

Speaking of raids, I logged in to my bank account last night to discover about a dozen unauthorized charges off my new, just-activated debit card.  My cards never leave my house, new or otherwise.  Anyway, whilst talking to the Fraud Team, it seems most of the charges were to some "charitable organization" that donated my hard-earned money to.....get this....


Holy christ, I know he's trying like hell to break people, but does he have to rip it directly out of my checking account??!!!

(Intox had a big ole temper tantrum outside afterwards and needs a new phone, thanks to impact with giant oak tree.)

There's a reason I keep next to nothing in a bank account.  The rep on the phone said a whole slew of other charges were denied due to lack of funds.  I hope the bitch that was going shopping on my dime got equally pissed off, spewing, "Aw, shit! This bitch don't have no money!"

Thu, 12/13/2012 - 00:06 | 3058372 Freddie
Freddie's picture

Beware of debit cards.  You are better off using a credit card and paying it off each month. Debits cards appear to be easily compromised.

Dear mullah will be back for your IRA and 401K in the future plus any gold or guns.

Thu, 12/13/2012 - 01:01 | 3058465 MsCreant
MsCreant's picture

I don't know if I should tell you I laughed hard at your post or not...

I am genuinely sorry for your troubles, would only wish it on an enemy. But if it ain't happening to you, that shit is funny...I'm still really can't make this stuff up.

Wed, 12/12/2012 - 21:48 | 3058077 dragoneyes74
dragoneyes74's picture

Gold and silver are broken.   Don't know what it will take.  Some kind of fiscal cliff resolution?  Debt ceiling expansion?  There's danger of a complete washout.

Do NOT follow this link or you will be banned from the site!