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Guest Post: 11 Economic Crashes That Are Happening Right Now
Submitted by Michael Snyder of The Economic Collapse blog,
The stock market is not crashing yet, but there are lots of other market crashes happening in the financial world right now. Just like we saw back in 2008, it is taking stocks a little bit of extra time to catch up with economic reality. But almost everywhere else you look, there are signs that a financial avalanche has begun. Bitcoins are crashing, gold and silver are plunging, the price of oil and the overall demand for energy continue to decline, markets all over Europe are collapsing and consumer confidence in the United States just had the biggest miss relative to expectations that has ever been recorded. In many ways, all of this is extremely reminiscent of 2008. Other than the Bitcoin collapse, almost everything else that is happening now also happened back then. So does that mean that a horrible stock market crash is coming as well? Without a doubt, one is coming at some point. The only question is whether it will be sooner or later. Meanwhile, there are a whole lot of other economic crashes that deserve out attention at the moment.
The following are 11 economic crashes that are happening RIGHT NOW...
#1 Bitcoins
As I write this, the price of Bitcoins has fallen more than 70 percent from where it was on Wednesday. This is one of the reasons why I have never recommended Bitcoins to anyone. Yes, alternative currencies are a good thing, but there are a lot of big problems with Bitcoins. Why would anyone want to invest in a currency that could lose 70 percent of its purchasing power in just two days? Why would anyone want to invest in a currency where a single person can arbitrarily decide to suspend trading in that currency at any time?
An article by Mike Adams of Natural News described some of the things that we have learned about Bitcoins this week...
#1) The bitcoin infrastructure cannot handle a selloff. Once the rush for the exits gains momentum, you will not be able to get out. Only those who sell early will be able to exit the market.
#2) The bitcoin infrastructure is subject to the whims of just one person running MTGox who can arbitrarily decide to shut it down whenever he thinks the market needs a "cooling period." This is nearly equivalent to a financial dictatorship where one person calls the shots.
#3) Every piece of bad news will be "spun" by exchanges like MTGox into good-sounding news. As bitcoin was crashing yesterday by 60% in value in mere hours, MTGox announced it was a "victim of our own success!" So while bitcoin holders watched $1 billion in market valuation evaporate, MTGox called it a success. Gee, then what would you call it when bitcoin loses 99%? A "raging" success?
#2 Gold
The price of gold was down by about 4 percent on Friday. Gold has now fallen below $1500 an ounce for the first time since July 2011. Overall, the price of gold has fallen by about 10 percent since the beginning of the year, and it is about 22 percent below the record high set back in September 2011.
Yes, the price of gold is likely being pushed down by the banksters. And yes, gold is a fantastic investment for the long-term. But there will be times when the price of gold does fall dramatically just like we saw back in 2008.
#3 Silver
The price of silver fell by about 5 percent on Friday. If it falls much more it is going to be at a level that presents a historically good buying opportunity.
Just like gold, there will be times when the price of silver swings dramatically. But the truth is that silver is probably an even better long-term investment than gold is.
#4 Oil
The price of oil declined by about 3 percent on Friday. Many will consider this a positive thing, but just remember what happened back in 2008. Back then, the price of oil dropped like a rock. If the price of oil gets below $80, that could very well be a clear signal that a major economic crisis is about to happen.
#5 Consumer Confidence
As I mentioned above, consumer confidence in the U.S. just had its biggest miss relative to expectations that has ever been recorded. The following is from an article posted on Zero Hedge on Friday...
Well if this doesn't send the market into all-time record high territory, nothing ever will: seconds ago the UMich Consumer Confidence plummeted from 78.6 to 72.3, on expectations of an unchanged 78.6 print. This was not only a 9 month low in the index, but more importantly the biggest miss to expectations in recorded history!
#6 Retirement Accounts
According to Wells Fargo, the number of Americans taking loans from their 401(k) accounts has risen by 28 percent over the past year...
Through an analysis of participants enrolled in Wells Fargo-administered defined contribution plans, the bank announced today that in the fourth quarter of 2012, there was a 28 percent increase in the number of people taking loans out from their 401(k) and that the average new loan balances increased to $7,126 from those taken out in the fourth quarter of 2011 - a 7% increase from $6,662.
Of the participants who took out loans, the greatest percentage were to people in their 50s (34.2%), followed by those in their 60s (28.9%) and then by those in their 40s (27.3%). The increase among participants in their 50s was nearly double the increase among those under 30. This is based on an analysis of a subset of 1.9 million eligible participants in retirement plans that Wells Fargo administers.
“The increased loan activity particularly among older participants is concerning because those are the years when workers can start to make ‘catch-up’ contributions and really need to focus on preparing for retirement,” said Laurie Nordquist, director of Wells Fargo Retirement.
#7 Casino Spending
Casino spending is declining again. Many people (including myself) would consider this to be a good thing, but casino spending is also one of the most reliable indicators about the overall health of the economy. Remember, casino spending crashed during the last financial crisis as well. That is why it is so alarming that casino spending is now back to levels that we have not seen since the last recession.
#8 Employment In Greece
Over in Europe, things just continue to get worse. According to numbers that were just released, the unemployment rate in Greece has soared to 27.2 percent, which was up from 25.7 percent the previous month. That means that the unemployment rate in Greece rose by 1.5 percent in just a single month. That is not just a crash - that is an avalanche of unemployment.
#9 European Financial Stocks
European financial stocks have been hit particularly hard lately. And for good reason actually - most of the major banks in Europe are essentially insolvent at this point. This week, European financial stocks fell to seven month lows, and this is probably only just the beginning.
#10 Spanish Bankruptcies
According to Reuters, the number of Spanish companies going bankrupt has risen by 45 percent over the past year...
A record number of Spanish companies went bust in the first quarter of 2013 as companies remained under intense pressure from tight credit conditions and meager demand, a study showed on Monday.
The 2,564 firms filing for insolvency proceedings in first three months of the year was a 10 percent rise from the previous quarter and a 45 percent increase on the same period in 2012, the survey by credit rating agency Axesor said.
#11 Demand For Energy
Just like we saw back in 2008, the overall demand for energy in the United States is falling rapidly. There are some shocking charts that prove this that were recently posted on Zero Hedge that you can find right here.
Yes, it is good for people to use a bit less energy, but it is also a clear indication that economic activity is really starting to slow down.
But despite everything that you have just read, the Dow and the S&P 500 have been setting new record highs.
And if you listen to the mainstream media, you would think that this stock market bubble can continue indefinitely.
Fortunately, there are a few voices of reason out there. For example, just check out what Marc Faber recently told CNBC...
In the near-term, the U.S. stock market is overbought and adding that any more near-term gains portend big trouble for the market, "The Gloom, Boom & Doom Report" publisher Marc Faber told CNBC on Monday.
"If we continue to move up, the probability of a crash becomes higher," Faber predicted in a "Squawk Box" interview, saying it could happen "sometime in the second half of this year."
As I have written about previously, a bubble is always the biggest right before it bursts. I hope that we still have at least a little bit more time before it happens, but I wouldn't count on it.
The economic fundamentals tell us that the stock market should be plunging, not rising. At some point the boys over on Wall Street will get the message and the market will catch up to reality very, very rapidly.
But for the moment, the American people are feeling really good. According to CNN, Americans are now more optimistic than they have been in six years...
As the stock market continues to show record highs, the number of Americans who say things are going well in the country has reached 50% for the first time in more than six years, according to a new national survey.
So what do you think will happen for the rest of the year?
Do you think that the good times will continue to roll, or do you believe that the bubble is about to burst?
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Some men just want to watch the world burn - Batman
The question is, when you know the unspeakable evil of Bankster enslavement that rules us, is this a rational choice?
Something I'm was known to say during my AD&D playing days as an unbalanced Mage - "Fire ... Cleanses..."
Amateur. Try tossing a magnesium engine block into a fire pit at Huntington Beach. Now that's a fire!
Then throw 5 gallon bucket of crushed ice on it and run for you life.
Bought gold yesterday at 1555. First purchase in two years...feel sick. Truly, I have become the ultimate contrarian indicator.
On refection I think the action today is the start of a deflationary collapse in spite of the FedRes
pumping $85 bn a month into markets.
If it is,gold will go lower , as all other assets collpse even faster.
Your move Ben.
Ben's proving the level of his expertise in the Great Depression but bringing one on that will make the last one look like a bad hair day.
Ben does not have bad hair days...
He'll have one soon. Banksters are so desperate to keep people in dollar-denominated paper - money, ETFs, stock, bonds - that the U.S. Mint, initially "on delay", now appears to have stopped producing ASE's at all. I have several MB-size orders out with reputable dealers (JM, NWT mint) that have been on delay for 8-10 weeks, now they want another 4 weeks to ship the silver. I'd say we are just that close to PonziCollapse.
I would not consider NWT Mint a reputable dealer.
Really. And why not? They've been in business since 1984 by screwing people? Fact is, the gubmint has stopped minting ASE's. And it's not hard to figure out why.
Want a fun-ish kind of brainfuck?
Go to Gainsville Coins (traditionally the 2nd cheapest, but more reliable than Provident) and compare the price of an ASE to the price of a Peace dollar... if you can. If you can't (and I know that's the case) try stacking an ASE against a Morgan.
Since when does .7734 oz of silver cost a buck more than an oz.?
Goddamn, thought I might get a deal today in light of the charts, but it turns out that the only light around was from the world burning. This is the biggest spread I've seen in a long time, and I've been trading it for a few years.
Fuck me for selling any of my Peace dollars, I knew better- but when it comes to the choice of watching your kids freeze or watching them starve, investment takes a backseat. Yeah, I took a profit on every one- but now I can't buy them back (Gainesville is sold out, ebay is too expensive, and the private parties I sold to have stronger hands than me.)
At least I still have enough to bribe a boarder guard, that'll have to be enough.
which border?
I'd go north.....less vigilantes up there.
People down south are tired of getting screwed with....and I think it's about to happen here.
Bastiat for ZH comment of the day!!!!!
Singed beard maybe.
I think I' m going to ask wifey to hide the car keys tomorrow as the temptation to drive to the coin store and load up is too powerful
The ides of April aka the Infernal Revenue Suckers are my own personal LCS deterrent. :(
What else you gonna spend your FRN's on? Hopefully something that will give you a positive ROI, like coke and hookers!
be patient. wait. pm's still going down.
silv sub 26 aft hrs. was thinking 25.75, but now i have no clue - timing is a bitches game...
keep buying incriments of 10 oz a week or month if you can afford to
your kids will appreciate it and your legacy will be that of a man/woman with incredible foresight
nobody in my family did this over the last 100 years and they all lived mediocre lives
I'm breaking the trend
Reset = Make silver so cheap, (5.00 oz) every poor person can afford to get some, so every one will have a little to trade with in the new money game ahead.
Will you sell them yours?
And what money will they use to buy this silver with? If silver goes to 5.00 Toz wtf does the economy look like? Its not going to 5.00 oz. They are only trying to keep the paper game running longer. They are not trying to help us all out and give all of us a leg up in the new monetary paradigm.
...but obviously, in a free market, this would (again) leave equities untouched.
yeah. fucking. right.
Don't forget it took the"market" six months to catch down to reality in 2008/9.
I expect the same this time, only worse.Ben's tool set is gone.
Me too. I said this on another thread.
Great minds think alike, had not seen your post.
Horendous storm kept knocking out power where I live today,so I was busy elsewhere..
or the chav uk version - "great arses stink alike"
it's been pissing down here in ole blighty all day. i guess at the very least we can officially declare spring having arrived - the temperature of the rain is on the increase!
Can always tell its summer in the UK from the temp of the rain.
So glad I'm an expat sweating in the heat,must have plunged below 80
today with the rain ,and all. First in a month.
You Expatted to the UK?, same death wish as here dude.Two Peas n a pod.
From.
To S. Florida twenty years ago.
So your the old geezer driving down the wrong side of the road.
I prefer age challenged, and its all the other people on the wrong side of the road..
Could go like India where they drive down the middle on the grand trunk roads.
escape-not to bad cause in mn snotwa land we be seeing snow to 6 + inches and still coming down. xtrem omni depression has set in. a little increase and it will be liquid, some fucking day...
strange days, like a bad dream (everywhere i look lately), but as always this will pass.
the eternal fire of optimism needs reignition.
The beginning of a new ice age? www.iceagenow.info The site's been saying this for longer than we've been reading "this time it's different".
I guess it's not spring here in Canada yet. Temp below freezing and freezing rain covering everything with a coat of ice.
but it's not. i learned the hard way in 2008/09. i was way ahead of reality and getting crushed. bennie is doing the right thing by his friends, the chips are piling up and i do think the 85 billion is going to last a lot longer than we think. they aren't going to sweep the table until those 401k's have NOTHING left in them.
it does two things. enrichs the banks and also ensures that when you go to fdic for your money - there's nothing left to have to print to cover it.
because you moved all your cash accounts to equitys and equitys aren't covered. anybody here not understand that? in sober moment i'll explain it.
Ben is not as powerful or smart as you or he thinks.
He cannot keep all the asset bubbles inflating at the same time ,and now his
life support to the banks is deflating those other classes, which will bring down
everything.Stop meets gap.
agree 100% - and he knows it also. you didn't read what i said. all he is doing is buying time for his owners
so they can sweep the table. and what i mean is - it's going to be longer than people think before the drop.
and if he has to pump it to 100 bill, or 200 bill, it's going to happen until people get the pitchforks out.
The criminal damage he's done to the economy by NOT RAISING RATES is becoming well-known after decimating seniors and savers, a generation of savers has been wiped out. How he still walks around PROVES the USA is a bunch of fking illiterate morons.
ben will be written about in the history books as the one who implimented all the right policies but was unable to overcome the obvious...
just too many trees in his forest.
Which brings to mind a question I have about point #6--Retirement Accounts:
The article says..."According to Wells Fargo, the number of Americans taking loans from their 401(k) accounts has risen by 28 percent over the past year...and that "the greatest percentage were to people in their 50s (34.2%), followed by those in their 60s (28.9%)". Could it be that some of those nearing retirement have become nervous enough about the talk of changing the tax rules on 401Ks, the possibility of forced conversion of 401Ks to government controlled annuities, or worse, the outright theft of their retirement savings in the name of "fairness", that they are "borrowing" from their 401Ks in an effort to secure at least some of their savings? Desperate measures for desperate times?
I started taking 72(t) early distributions from my IRA this year for those very reasons. Use it or lose it.
On refection I think the action today is the start of a deflationary collapse in spite of the FedRes
pumping $85 bn a month into markets.
If it is,gold will go lower , as all other assets collpse even faster.
Your move Ben.
*************
I'm not so sure gold will go lower if deflation inserts itself-i think what you said "inspite of printing" we have deflation-that means the printing game is over and the risk of default increases and i think debt is what gold has been looking at all along-
We had very little printing until the crash and had no QE and yet the gold price was climbing and bond rates were falling-
Gold and bonds..imo.. have been watching expanding credit and the risk of default since 01- all these wicked slam downs have yet to sway the long term trend-
Definitely signals a rollover to DEFLATION. Equities are nearing the end of their run and the Fed will be unable to stop it.
Endgame approaches. Gold and sliver can and will fall further and the US dollar will strengthen. Cash will be king. Eventually the only asset classes to hold will be gold, silver and producing farmland.
US Treasury debt will default.
forget your lust, for the rich man's gold all that you need, is in your soul - Lynyrd Skynyrd
+ 1 on Simple Man.
Fuckin' swamper...;-)
I think of that song often when I read these pages, my Florida brother...
put some south in your mouth- the marshall tucker band.
Fire on the Mountain!
bought gold at 1490 ;-)
i don't feel as bad as you. it may go lower, 1300 is worst case scenario. and if it does, the bounce back will be horrific for the shorts.
Eh. I wouldn't worry about it. Gold's expected to bottom out at 1350 so that 's a little over 10% loss. Anybody who can time the market within 10% is doing pretty damn good, so don't beat yourself up.
Consumer sentiment and the poll which says over 50% of Americans thinking everything is going well doesn't quite match up.
I suppose the majority are working and making coin things are going well, but for many it is not.
We'll see how this turns out. Maybe better than expected, maybe worse.
A guy who has worked in Logistics (Container shipping from the far east) told me the other day that it is brutal. Worst he has seen it since he can remember. Was at a sufferance warehouse today and it was half empty. Container prices have increased by 15 % and the ship lines are now asking for another 15%. Madness....Things are starting to get more expensive bringing them in from the far east...Hong Kong longshorman might be on strike not sure....seems things are slowing. I know the Chinese I deal with are really pushing hard for more orders. Europe is killing them....
Wow! They still do work in the real world?
If Bernanke had targeted (allowed) 2% deflation, combined with 8-10% inflation in China since the 2008 crash, the labor/wage disparity between the U.S. and China would have already shrank by half.
That would have reversed the outflow of jobs much sooner.
Deflation = destruction of bank assets = destruction of banking system = destruction of government and central bank.
Keep in mind that it matters how you ask the question.
the key to seduction is not what you ask, but how you ask.
Where did you hear that horsehockey? CNN?
Beats MSNBC.......the land of fairy pixiedust.
which is roughly the 47% that pay no federal income tax and 47 million on food stamps? huh?
vote big bad bama. he's got your back.
My account has been heavy with gold miners for years. Never got the ride up but sure got the ride down. Seriously.?? Fuck!!
just got back from a night out with the boys.,. and just checked the gold and silver price...
I lost 14k tonight if I would sell my silver right now. Sickening... it really is...
But paper will go to zero eventually. Nd the silver you buy is not to be sold for fiat dollars or euro's. Only for the new future currencies after 2 years when they settle.
Is this a permanent loss of capital (ie. a true loss) or just a temporary fluctuation in price (ie. price volatility).
In my opinion, this is merely a severe price fluctuation.
You 'lost' nothing.
If you're referring to PM's then yes you lost out! It may go down even further, but lookit, that is NOT what you bought PM's for anyway! Hold steady, steady now...you'll be ok...when the SHTF you'll be whole again!
Now, if you lost 14k at the casino (stock) market, then poof it's gone fo'evah!
Price does not matter when there is no PM's to buy. Locals are all dried up. Perfectly fine to see it all deflate as it has intrinsic value. FRNs is just paper to burn and will. Deflation will ruin everything but the shiny you have in your hand. Much pain and suffering dead ahead, but you know this. Calmly ride the elevator down as others try to jump. And no whinning.
Sudden Debt did say "if I would sell my silver right now." I think that head is screwed on right.
Really? His night out ended around 2 am local. In some parts of europe, that is just supper time.
In the north we start drinking at 5 in the afternoon.
this is probably the best way of losing of money : by holding PMs. many cypriots today wish they were in your shoes. patience my friend, patience. gold has never been a short term game.
remember : whoever loses the least wins in this kondratieff winter.
Ouch.
Really? You think anything real changed?
Why not work out how many barrels of oil your silver would have bought yesterday (as an energy proxy) and how many it would buy you today.
as long as they turn the crash into a show, I'll be amused AND PREPARED!!
There's just way to much shit happening allover europe right to even concider thinking that it's possible that the euro can survive.
And of course... it's the speculators fault... no the gigantic governments that spend 3 times more they they receive wih outrageously high taxes already.
There's a mounting bubble in complacency right now.
Is that like, making love to one's pregnant wife?
yes(without a condom).
like faber said, "as long as CBs print in excess, bubbles will form, but you don't know what bubble will form where". psychological bubbles are not excluded.
sudden debt - you are in belgium? you need more familys from the congo to support with 10 of them there and 1 of them working late shift at the airport. and if you go over to holland - morracans. and france algerians. and - they are all laughing at you!!!!
the entire eurozone is full of... people who shouldn't really be here, in my opinion.
a few weeks back, i took the plane from the uk to a scandinavian destination. on the plane i saw black people, a few chinese, pakistanis, lebanese, and lots of indians. when did this happen? in my mind, i would expect to see mainly blonde, blue-eyed caucasians. when did it become policy to import shitloads of people who start off by wanting to change our (relatively) free, open society to become another sharia-dictated misogynistic shithole?
when it gets to the point of you actually feeling like a stranger in your own country, it's time to start making contingency plans.
i was just asking my wife tonite "who the fuck in this world has invented something worthy to mankind in the last 100 years?"
anothwards, who in this world has a brain and can use it; unfortunatly that brian gets used for the wrong reasons(too).
kinda simple-takers /copycats and givers/producers. cultural race does mater and we are not created equel...
I copied & pasted [below], part of a reply that I made earlier to a similar set of circumstances [which is somewhat relative to the question you asked your wife^^^^
~~~TEXT PASTE BELOW~~~
...and as for this idiot comment...
'or does Francis just want to hang anyone who is successful?'
Successful?
What? You mean like the $100k+ a year:
- dentists who are shoving flouride in your mouth
- doctors who have you all ginned up on meds so they get backdoor kickbacks from big pharma
- 2nd tier doctors who suck fat out of your wifes ass to make her face look like an unholy Zsa Zsa Gabor/Arianna Huffington/Gloria Allred frankenbride
- Shrinks who turn your mind into Jacobs Ladder, then rape you
- Spooks who try to try to tunnel into every electronic backdoor to your privacy they can find, mostly illegally
- Cops, on pension, who spent years eating donuts, fantasizing on how to beat you silly with a nightstick
- lawyers who chase ambulances, or can't wait for you to divorce your wife, so they can give half to her, take a third for themselves, & keep you from ever seeing your own kids
- judges who find 'not guilty' verdicts for Libor riggers
- tenured professors preaching the Saul Alinsky methodology [while the institutions they represent are 'student loan debt factories' designed to produce lifelong slavery, indoctrination, while offering '7 years' of beer pong, dorm orgies, & the need to get away from all that stress & strife by spending a week trying to audition for the 'Girls Gone Wild in Cancun' video]
- lobbyists bribing Congress which results in your tax dollars being sent to help poor ol Israel & drone the shit out of brown people to steal the gold & oil from under their feet, & poppys from their fields
- MIC suppliers bringing every form of drone, surveillance, & Orwellian nightmare to reality
- Momo's raking 2&20 from you to 'get you in' to the S&P whilst keeping the likes of Bob PissOnMe & Maria Fartaromo gainfully getting THEIR $100k [as well as all the rest of the cheerleaders in all aspects of Media]
- Scientists at Monsanto genetically modifying seeds, which, for all anyone knows, are embedded with a eugenics, or 'Logan's Run' chromosome feature
- Geek a Zoids at Google & Facebook spying on you & turning your kids into gadget toting robots
- BANKSTERS enslaving you with debt
THOSE 'successful' people?
+1
Sounds like the same general idea that has blessed the USA with what many now call "undocumented Democrats." And yes, I know the systems are not really analogous. But the result is the same. The only thing that makes me feel better (sometimes) is that our invaders have a religious, cultural, and ethical background that is closer to ours than what you are getting. "I, for one, welcome our new Latino overlords."
You do? And you are White?? The open-borders Bankster/Globalist-Jews intend to drown you and yours in a Rising Tide of Color. As the Prez of La Raza said in a public speech (in Texas) a coupla years back, "The gringos will leave, or we will exterminate them."
La Raza...another anti-american terrorist group with a free pass into the whitehouse.
I think Texas is going to see quite an influx of whities from the great White Northern part of America..........
Go visit DC.
There are now more mosks than churches, and ingles is a second language.
No habla.
Better than a plane full of Jews !!!
The blue eyed or the brown eyed ones?
Wherever the hunter-gatherer mindset goes, there soon will develop third-world enclaves.
Michigan has a prime example: Detroit. The only way to fix that once great, productive city, is to bulldoze it to the ground.
fine. so i am a bad man. go to one of their countries and see how many of 'us' are there. stay there long enough and you won't be one of anything except a corpse.
don't you feel so guilty about the 'past'?? come to where i work in nyc and see 80% indians. not the apache kind, but i still feel like general custer.
I hear you; IT's a brutal field these days. White men invent the computer to better our lives and now we're drowning in useless shitware cobbled together by durkadurkas.
Yes, you will fight or die - or your kids will.
Multi culti is a jewish phenomenon its sad to say.
Why would they want to import lots of rapist muslims and blacks?
Because they have dealt with them for centuries and know they can are corrupt and can be easily handled.
The only people who have figured them out and put them to the sword are organised whites. And so they have to go.
The evidence is clear. Every country the names of the people fighting for more immigration are jewish.
http://www.theoccidentalobserver.net/2012/08/the-war-on-white-australia-...
Its sad to say but this is getting out of hand.
http://www.dailymail.co.uk/news/article-2308120/Ive-raped-53-women-young...
you are way late plump pudding. I left north African Paris 25 years ago.
BTFD.
Bitchez.
mojo
.
http://www.youtube.com/watch?v=ch60iqOjNS0&list=UULwXLS-KHDAABP02xEzplsg...
a fucking CNN pole? if it's like anderson cooper's pole it probably has shit on it
anderson cooper the felcher
"Not that there's anything wrong with that." - G. Constanza
diversity. be nice. he's a nice boy that anderson cooper. just because he likes to play with other boys rectums, doesn't make him a bad person.
How do you know he's not a catcher?
Why is it always a nice red Ferrari that gets destroyed? Does G-d hate rich people?
Douche bags. God hates em', worst mistake the omnipotent one has made. They have the outside appearance of cunning and charm, women love them for this, and their stupid fucking Ferraris. But, they're douche bags. Most had their best years during high school. Despite the hot chicks and imported Italian sports cars. Rich People? Douche Bags look like what we think of as rich. They're not. They're douche bags. Poor in all categories that matter. You'll know them by the car they drive. GOD is disappointed with the RICH. That's why they don't inherit the Earth. Especially since so many wasted REAL talent fucking over others for POWER.Gold and silver got fvkin CREAMED like bitches..bitchez.. man what a mess..looks like facials on red tube.
Peter North'd even
It looks beautiful to me. It's a blue light special. Keep stackin'
Thats right. The only ones who should be upset over cheap silver prices are those who are selling. What idiots are selling?
Splooged
No, sorry, it's not at all that stocks haven't 'caught up'. No, that's not the case at all. The fact is that most people are no longer individually invested in equities. The day trader is practically extinct. The fact is that the Fed is trading cash for toxic assets (MBS) off the big banks' balance sheets - the big banks are in turn buying equities through their prop desks (typically via HFT). That's why Ben cannot stop printing. Ever. Velocity of money can no longer accelerate without MASSIVE interventions, and without money acceleration it all stalls - when it stalls, it falls out of the air. For now, there is a HUGE $85B updraft every fucking month. So, that's why stocks haven't 'caught up'. Yet. When stocks start crashing, you can rest assured that the endgame has already been determined. Basically, if you didn't keep dry powder to buy gold/silver now then you really fucked up, because this is it.
sitenine
The fact is that the Fed is trading cash for toxic assets (MBS) off the big banks' balance sheets - the big banks are in turn buying equities through their prop desks (typically via HFT). That's why Ben cannot stop printing. Ever. Velocity of money can no longer accelerate without MASSIVE interventions, and without money acceleration it all stalls - when it stalls, it falls out of the air.
Prezactly, Mr.Sinclair has ben preaching QE to Infinity longer than anyone else.The man knows his shit.
Unca Ben's WE can back out the Excess when the time is right, is a CROCK of Irish Shite.
100 oz. Ag for less than 3000 bennybux is a gift!!! :D
Bitcoin currently at $120. Damn that thing is bouncy!
Sold 2 guns and a bunch of ammo over the weekend and made 150% at least! a buck a round for fvkin reloads in 223.. ahahah a suvker born every minute I am telling you! life is good.
a buck a round for fvkin reloads in 223.. ahahah a suvker born every minute I am telling you! life is good.
Better hope you have a mfgrs license, or life may wind up really bad for you.
Ahahaha they gona have a hellova time proving it.. or even where I am being I am poaching internet access from across town.. Ahahaha fvk you DHS ATF bitches.. just a sec.. some one at the door...
Yea, "better hope" you have the gooberments approval to breath. Fuck their license. Life is going to end up bad for everyone one way or another and eventually with enough bullshit laws on the books right now that if they started enforcing them every fucking one of our family members would be frog marched off to the gulags so I hope you are not rooting against the guy because everyones world is round and they will eventually get "round" to you too, looking for your "License" to live and you better have that "license" or life may wind up really bad for you.
Fvkin A Jake. they keep passing laws, demanding licenses, making everyone a criminal and soon we will all be terrywrists.. fvkem. I am ready to die and when/if they come here shits gona get ugly. It is just a matter of time with these stupid librag fvks trying to disarm us. Shits gona get real very soon.
Buy as much GOLD & SILVER as you can, the system is in panic mode and the welth transfer to you will be breath taking.... Don't fall for this paper take down,,,they are fucked and we are fucking them over the top... China importing tonnes of phys gold WHY??????????????? Can you say AMERIKA IS FUCKED?
We don't need no water let the mother fucker burn.
Burn mother fucker, burn.
emmm hey dude.. emm I dont no if you noticed but the FVKIN ROOF IS ON FIRE!
Why won't they admit that all the banks are insolvent. No need to answer.
Bubbles are a plenty, and timing when they're going to pop comes down to timing when the right amount of people become aware-- so hard to guess. Simply put: you need to be part of the alternative or risk falling with the rest. The markets are one big COMEX (ironic that Bass said this about them and fails to see it in his liquiity havens): far too much paper chasing few too real assets, but pricing won't fix it b/c of central bank intervention-- some of the problems of having your cake (price stabiility) and paying for it too (inflation).
a different time now - but if you think about the subprime market and then the CDO market it created and then synthetic CDO's - there was so much money flying around and nothing to invest in - they simply had to create the synthetic CDO's to soak up all the money. and they know this. so now, there is so much money flying around - bernake has to create 85+ billion dollars A MONTH to buy up all the crap being issued. it really isn't going to be fun.
well, the question is where we are at in the cycle. mathematics say soon. honest science reveals all.
11 reasons the economy is crashing....yet we will find a way to to ignore it all and move on with this boring debt strapped world.
I wonder if CNN interviewed any tunnel people
CNN hired them. We refer to those people as the MSM.
Anderson Cooper: Tunnel Rat.
Mr. Cooper prefers Butt Pirate,especially around his CIA pals.
>>>>>Consumer Confidence plummeted from 78.6 to 72.3, on expectations of an unchanged 78.6 print. This was not only a 9 month low in the index, but more importantly the biggest miss to expectations in recorded history!
>>>>>But for the moment, the American people are feeling really good. According to CNN, Americans are now more optimistic than they have been in six years...
May I serve you some CogDis?
Can i get a grande of Cog/Dis with Kalu? Do you take confederate money, or german marks? Currency is money until it isn't.
ain't it quaint? Ain't ain't a word you numbskull, Isn't it quisn't. the 3 stooges are in charge of monetary policy and sammy davis is president, WTF?
Look on the bright side. Now you can buy a pretty red car for 5 bitcons.
If I had a dollar for every time I read or heard somebody somewheres say "this market is in a bubble and its going to crash, sooner or later", I'd be a millionaire two times over. Not disagreeing, just saying.
If I had a dollar for every time I guessed the direction of the market right..... Oh wait! I do! Ha ha ha ha ha ha ha ha ha
despair, depression, and demoralization are the hallmarks of massive dissociation. all we've been hearing for the past several weeks is the potential for significant and even unprecedented gains in gold and silver and commodities in general. this constantly reiterated expectation, as unrealistic as it has been shown to be, is one of the primary reasons for the profound dissappointment that is saturating the gold community. how many times have we heard from Jim Sinclair that "the bottom is in"?
the guy is leaking credibility like a sieve or a sinking ship. all the other gold writers, even the normally prescient Alf Field, have joined the chorus pointing to the absolutely negative sentiments about gold which it is suggested are the necessarily contrarian indicators as a prelude to the long expected true price discovery in the metals. it simply looks now that that is a long long way off. meanwhile the propaganda from the mainstream medai ministry of truth is thick with disinformation about the "economic recovery". apparently this purposeful obfuscation and, on the other hand, the misinformed speculation emanating from our gold experts are both contributing to this devilish, pervasive fog of misperception and misconception.
If Au was not money, true money, governments would not confiscate it.
Central Banks would not hold it.
sinclair and everone of those gold/silv churners can go fuck themselves.
i just hate everylast one of these wonks. i prefer not to be influenced by book sellers...
choice is yours of course.
do the math for the last one hundred years since the fed created fiat and you will discover the correct price.
i dont need sinclair or sprout to figure this for me. or their exchange backed funds...
Gold and silver and oil are getting crushed for their own "peculiar" reasons of course...but generically North Korea and "Europe" are more than sufficient to pile on as well. Fiat lives for this...and in particular the US dollar. Not saying the dollar will rally from here but quite simply there is nothing that can't...nor isn't being financed right now. If we are looking at two very real Wars (East and West) happen with both simultaneity and impact then obviously short at your own risk. Add in "an Army of unemployed" and a chastened military and I think your looking at more than just one coiled snake here. We'll see who's crazy enough to provoke...or be provoked...by it.
war this weekend?
Gold, Silver, and yes even Platinum were Drunken Monkey Kung-Fu hammered today.
Next will be a live shot from a roof top in NYC with Eric King on a ledge getting ready to jump after learning that in fact he was lied to by John Embry and that the PM markets are not in fact going to "Rocket Higher to $5K Silver and $50K Gold by midnight tonight !
Days like this you have to laugh and say WTF ! You know shit must be really bad for all of the PM's to drop like they did today. My speculation would be that the Fed jumped on the throat of the PM market early, as in before the 8:30 am hour as usual, which triggered margin calls on a hedgie that ended with an implosion and liquidation. I bough Gold on sale today at $30 off and thought I got a good deal, then I bought again at $70 off and thought I got an even better deal. Had I held out the sale prices went even lower by the close of the spot market this evening. Next will be a monster box of silver eagles from Gainsville coins this weekend that I have been saving up for. Yes, it sucks to see the market going higher totally dislocated from any fundamentals, while the PM market dives lower also totally dislocated from any fundamentals. Sucks donkey dick when you know the same rotten fucking scum is behind both of the moves. But you know what, in this game time is on MY side, and NOT on the side of the fed and fellow banker pole smokers. I have patience, I can wait this sucker out.... We will see in the end that these lying, theiving, sperm guzzling SOB's will get what is due to them. Still stackin', and still re-loadin' ....
Lotsa luck on the MB. It may already be too late.
This is clear manipulation. On the positive side, the predators-DBA-USSA does not yet control planet earth. Chinese and goldbugs everywhere will buy physical at these prices by the truckload. I know I'm buying every gram I can this weekend while the markets are closed, locking in prices for physical.
Prices for physical and paper may diverge soon, if not momentarily. We may look back eventually and pinpoint this takedown as the cause for that event.
On the negative side, the predators can manipulate a LOT of things a LONG way given their ability to create absolutely unlimited quantities of fiat without any risk to themselves whatsoever. Though these predators know what they're doing, they may still overestimate their ability to destroy gold and silver as "money" and "savings". They have to see that the entire game is unraveling before their eyes.
The predators know CPI is a lie. They know unemployment is a lie. They know the tons-per-month being shipped by ocean vessels has fallen off a cliff. They know.
And they do not want gold or silver becoming money! They will do ANYTHING to stop gold and silver from becoming money... even just as some modest competition to their fiat, fake, fraud, fiction, fantasy, fractional-reserve scam. Make no mistake, they'd start world-wide nuclear war if that would keep them in monopoly control of "money".
I have no worry that gold and silver prices drop. Though I hate manipulation, I sure intend to take advantage of the current bargain-basement prices. By tomorrow, I'll have no fiat whatsoever, and more kilograms of gold. I have no worries about gold going lower. Let it. I don't care.
This could be one of the shortest bear markets (technically speaking) in history.
+1
Good to see your post again on zh!
Double-plus 1.
And she absolutely nailed it with this one:
Just a warm-up for another world war.
make that Last World War, at least of our lifetimes.
nuke a few billion people, that will change the economic landscape, of course radioactive petroleum might be difficult to sell.
Lead and Iodine, elements for the new age.