Bill Gross Gets It
Last night, when breaking the Buba repatriation story, we summarized it simply as follows "in brief: this is a momentous development, one which may signify that the regime of mutual assured and very much telegraphed - because if the central banks don't have faith in one another, why should anyone else? - trust in central banks by other central banks is ending." We are happy that the implicit message is so clear that everyone now gets it, including Bill Gross:
Gross: Report claims Germany moving gold from NY/Paris back to Frankfurt. Central banks don’t trust each other?
— PIMCO (@PIMCO) January 15, 2013
(39 votes)
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Who'd a thought to hide yer pot 'o gold in yer codpiece?!?! This is brilliant on your part.
This repatriation news finally hit the MSM earlier today. That seemed fast...
Interesting.
Gross the sham/an.
I believe this shortens the amount of time I have to prepare.
On Kudlow today :
Medicare will run out of money in 38 months!
LOL I hope it's true. BRING IT ON ALREADY!!!!!
It's cool. Just put it on the tab. "Geithner says gov’t will borrow from federal employee pension fund to avoid passing debt limit"
http://www.washingtonpost.com/politics/congress/geithner-says-govt-will-...
The country has been way out of money for a long time. Move the debt over to the taxpayers side of the ledger and order more hookers, booze, and botox.
The system runs on confidence... bring it Bithchez
P.S. How long can these Jaggoffs keep stocks and bonds up?
Any of my neighbors can store their gold in my house.
Once they do, I will still allow them the privilege of calling it "their gold".
PM ETFs are but a vice to collect all the PM in one place to ease cofiscation.
The Treasury's notional value of gold is, only, $42.22 per ounce.
How many of you know this fact?
http://www.fms.treas.gov/gold/index.html
to wit:
Status Report of U.S. Treasury-Owned Gold Overview
The Status Report of U.S. Treasury-Owned Gold (Gold Report):
http://www.fms.treas.gov/_images/bullet.gif);">- Reflects gold bullion and gold coins owned by the federal government
- Summarizes the fine troy ounces and the book value of gold held by various facilities
- Identifies the value of gold coins and bullion on display at Federal Reserve banks; coins and bullion in reserve at the Federal Reserve Bank of New York; and gold held by U.S. Mint facilities
The book value of gold is currently $42.2222 per troy ounce. The information used to compile this reporting is received from the U.S. Mint, Federal Reserve banks, and FMS.
Current Report: December 31, 2012
Contacts:If you have questions about this report, please call (202) 874-9866.
IS ANYONE AWARE? IS ANYONE AWAKE OUT THERE?
They plan on giving you $42.22 for every ounch of gold they confiscate from you.
Never understood why they kept the book price of their gold at that.
The $42.22 per ounce nominal value cited by Treasury is a relic but, never updated. That is what you will get when they come for your stash. That is why I won't chance holding gold.
You don't think they will let you play on their court do you?
Get used to it.
I live in Canada and have 2, 1oz gold American Eagles. One of which I drove into the States to purchase. Not too sure how Obama is gonna get his hands on it though.
.
You're taking a much bigger chance not holding it.
Who would want to play on a burning court?
Things change. Get over it.
I have no other way to purvey my conviction tptb will never tolerate any notion of allowing equality, allow equal footing or equal terms to diminish their, demonic, power.
tptb will kill half the men, and women if they must, on this planet to maintain the status qou.
I am a student of history, ground down by the years of struggle to maintain a warm and dry place to sleep and a warm meal. To fantasize otherwise has only been folly. Life is not fair. Some are more equal than others. To try and honestly match a cheater will always end in ruin.
When you rule out violence and dishonesty you will spend your life reckoning with entropy.
I have resigned myself to my fate. To, try and, feel blessed for what I have and not bitter for what I lack.
I am what I is.
being present, and comfortable with whatever that "is" for you puts you leagues ahead of anyone holding "visions of sugarplums" dancing in their heads.
IMHO.
who junked me? For what? Misspelling? Jeez!
They can't come for PM coins paid for in cash at coin dealers that let you wear a Groucho Marx disguise while not carrying a cell phone.
.
They'll get about 150 grains of lead and like it.
Dispensing lead to PM and gun confiscators has been approved.
it's the like it part that got my upvote, heh.
Honey! Pimpco said bury more gold!
90 percent of change happen in 10 percent of time.
Honestly, i am sooooo over this shit.
Time to take a trip to france to unwind
http://cognac.com/category/news-features/cognac-travel/cognac-tours-and-tasting/
***must remember to bring a tower shield to save me from evil left wing protesters.
Cognac tastes like cough syrup.
You have to warm the Cognac filled glass in your hand 10 mins or so. Buy better stuff, too! No syrup taste.
Frenchie's not so good at warfare, but Cognac, not too bad!
Honestly, i am sooooo over this shit.
Time to take a trip to france to unwind
http://cognac.com/category/news-features/cognac-travel/cognac-tours-and-tasting/
***must remember to bring a tower shield to save me from evil left wing protesters.
Having a Hennessee VSOP as I type this. Ahh Cognac.
The only real clout the Bond Vigilantees have these days is to buy PHYISICAL Gold or Silver .... fighting the Fed on a paper/bond level is like going on a Twinkie diet - not very healthy.
It seems to me that based on these past few gold articles there less than 1 oz gold per person in the USA. That ain't much!
What's the big deal?
Well of course, knowing the game and making the rules as they go along again, they know all the other kids aren't to be trusted inherently.
I can't believe we're living through the world's first quasi-global reserve currency collapse and as it's taking a really long, grinding time I have to say, I'm a little dissapointed so far. People like us want to see Rollover, not The English Patient... ;)
And certainly not The Unbearable Lightness of Being.
Physical Gold Buyers/Repatriators are the new Bond Vigilantees.
"Possession is 9/10ths of the law."
Better to have it in your possession then letting it be 'Corzined.'
"Ground Control to Major [Tom]'Bernanke"-- perhaps Captain Krug'errand`man?, can meet the Martian's Half-Way?'
http://www.youtube.com/watch?v=AFks9A9TCF0
http://cftc.gov/oce/web/gold.htm
http://cftc.gov/dea/futures/other_lf.htm
Gold... for your eye's only???
Of course this German repatriation news is not allowed to be talked about on CNBC and Bloomberg. However, watch Part 1 of the 1:30 PM market call on BNN (Canadian Business Network).
http://www.bnn.ca/Shows/Market-Call.aspx
You can watch the stream for $6.95/month - infinitely better if you prefer PM over Paper.
stateside
Hey ZH writers: where is the outrage over the second ammendment bloodbath I'm taking here in NY?
who voted these twerps fucktards IN?
Bilderbergers!
You didn't know?
Voting machines are programmed, by the Board of Directors, during their annual meeting.
http://www.bilderbergmeetings.org/index.php
Simon says " I want my gold back"
(Die Hard with a Vengeance - 1995)
"..Any gains by the large middle and lower classes will tend to be short term and illusory, involving more household balance sheet problems and debt until the system is reformed. Some of this has to do with a policy bias that considers the vast mass of the people as consumers, but not as workers.
Merely adding more financialized money into an unreformed system will further compound the problems, and ultimately force a more significant crisis and change. This is true whether done does it via more debt issuance or flashier gimmicks like modern monetary totems.
The underlying social tensions can only be ignored by the comfortable for so long. As a corollary, applying austerity without reform is insanely self-destructive. The proof of this is forthcoming.
Japan has been able to hold their system together for a protracted period of slack recovery due to their demographics, their industrial policy position in the world economy, and a largely homogeneous and communal society that cares for its own. The US and the UK will have a shorter half life I am afraid.
The situation is Europe is a bit different, and likely to result in serious dislocations in their organizational fabric fairly soon if some of the problems there are not addressed. The monetary union without fiscal cohesion is inherently unstable. Only fraud allowed it to last as long as it did.
There is a possibility that the current policies in the US may succeed if austerity if not applied, and something happens in the currency war to affect the balance of trade. I am not optimistic So let's see what happens.
The UK may provide a good counter example to the US Some new school of economic thought may find some useful data from that, if they can free themselves from the 'say for pay' mentality that currently impairs the public policy discussion in a disgraced profession."
jca.
.
15 January 2013
Money Supply Figures: Monetary Inflation But Real Economy Is Dysfunctional
http://jessescrossroadscafe.blogspot.com/2013/01/money-supply-figures-mo...
I think you missed the best quote from this :
Aggregate demand is not stimulated because sufficient money does not reach consumers, as it passes through a corrupt and broken financial and political system, being diverted largely to insiders at 'the top.' Nothing could be more clear than looking at the statistics regarding income inequality.
regarding jca quotes, it is hard to highlight
the most salient and important, thanks.
Pimpco, German owned, does get it. The central banksters fall out among themselves. No physical bullion will cross the See.
They are just quibbling about the price, and gaming each other.
Anyone that travels should do so with a few onces of gold and silver in their possession. I cant predict when the collapse will occur but i can prepare
There are a couple of power centers that need to be destroyed for a global empire to take hold under the control of a communist (its not really communism) dictator.
1. Congress, which has no credibility and by not exerting its power is being systematically neutered and destroyed. I wonder if they know that they are digging their own graves... they know too much to be allowed to stay around when the power grab comes into the open.
2. The banks. The banks will be blamed for making people poor through their greed. They will be sacrificed as well... and they do not realize that they are also digging their own graves. In reality the overspending (and other tactics) by Obama is destroying the people who could challenge the power grab.
Think Stalin. Think Mao. Think Hitler. IMO, When it comes, it will be brutal and those who think they are important and powerful will be purged. It is not the common man that should be most afraid. It is those who are not using their power now to stop it. The common man will at first applaud the purge ... then they will not.
Why are the Islamic countries being attacked? They are not within the circle of power and must be put under control, otherwise they could cause real problems, not just made up problems. I wonder if the media leaders will survive.
What's the use in buying bars and bullion?
People are going to finally wake up and start buying gold and by then it will be $5,000+/oz (if there is any physical left). They'll use their cash, they'll liquidate assets for cash to buy, they'll trade, etc. and then the government will confiscate and give everyone $42.22/oz for their gold. Those who bought earlier will just have less of a loss.
The governments, CBs and international bankers win.
And the point of your specious, fearmongering speculation was .....?
Yes, EVERYONE is going to wait until the very peak price before buying gold, they'll liquidate ALL of their other assets to do so, and then the government WILL 'confiscate' (door-to-door) all of that gold, every bit of it, for all time.
Are you Jon Nadler?
Allow me to propose an alternative (and much more likely) scenario:
Point? What I wrote was my point.
It happened in the Great Depression.
It is going to happen on a larger scale this time because it will be the Greater Depression.
You'll either turn in your gold and get something back that you can use to survive.
Or, based on your "principles", you'll go "illegal" and not turn it in. And then you'll just sit and look at it for the rest of your life all frustrated by the fact that you can't use it to buy the things you need to survive.
Goldbugs are as difficult to reason with as Born Again Christians.
You sound like a typical, ignorant, conformist paperbug who is desperately trying to convince himself that his faith in government promises and government-issued paper is not misplaced, all the while subconsciously realizing that he is well and truly fucked unless he chooses to finally grow a spine and take action contrary to his government-sponsored programming.
You should listen to your subconscious.
how much gold does syria have and where is it .....NYC,,, Seems we need to liberate another ME kingdom, to return the riechland's gold