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What Exactly Did Obama Say To Wall Street's CEOs Last Thursday?

Tyler Durden's picture





 

Correlation is not causation; but coincidence means you're on the right path. Looking at the charts of Stocks, Commodities, and Precious Metals, we wonder just what it was that President Obama said at his 11am ET White House meeting last Thursday...

Equity markets soared out of the gate on the 11th. Jobless claims beat expectations handily (shaking off the previous week's concerns) and all was well in the world... until just after 11am ET (when the CEOs of Wall Street's big banks - for no apparent reason - met with President Obama)... and this happened...

 

Gold also peaked at just after 11am ET...

 

as did Crude oil...

 

So what did Obama tell them?

 

Charts: Bloomberg

 


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Thu, 04/18/2013 - 22:08 | Link to Comment Top_Kill
Top_Kill's picture

game over

Thu, 04/18/2013 - 22:13 | Link to Comment Jacque Itch
Jacque Itch's picture

"So what did Obama tell them?"

Any of you crackers doing the marathon?

 

Thu, 04/18/2013 - 22:16 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Mmmm...  Yet another thing feeding my heightened state of paranoia.  Lots going on under the covers, I hope to write about it all soon.

Thu, 04/18/2013 - 22:23 | Link to Comment Go Tribe
Go Tribe's picture

Thinking he told them a nasty cyberattack was forthcoming, one the gov couldn't stop.

Thu, 04/18/2013 - 23:00 | Link to Comment Richard Chesler
Richard Chesler's picture

You got it all wrong. It's what the banksters told their puppet...

 

Thu, 04/18/2013 - 23:06 | Link to Comment HulkHogan
HulkHogan's picture

That's right. Always remember who pays whom.

Thu, 04/18/2013 - 23:09 | Link to Comment erg
erg's picture
Always the case. With each regional victory, the heat is turned up yet another notch.   These people aren't fools. They have all the money in the world to study us and manipulate us. They know us much more intimately than we'll ever know ourselves.   When they're hand has become fully played - they start pulling out wildcards.   We are here.
Thu, 04/18/2013 - 23:33 | Link to Comment eatthebanksters
eatthebanksters's picture

"My piece of the action just got bigger because of inflationary pressure!"

Thu, 04/18/2013 - 23:46 | Link to Comment flacon
flacon's picture

He told them: "I am OBAMA. I am a free market laissez faire Austrian economist and I am going to destroy you!"

 

/just kidding.

Fri, 04/19/2013 - 00:28 | Link to Comment Supernova Born
Supernova Born's picture

If you can't contain gold I'll be forced to ban it.

If I ban it the world will assuredly lose faith in the reserve status of the dollar and then one country or another will offer gold backed currency.

Upon that damn "rock" they could rebuild a free market and a free nation.

That can't happen.

Fri, 04/19/2013 - 00:45 | Link to Comment Sopra Tutt1
Sopra Tutt1's picture

he said: "I'm Obama and I'm ready for a gang bang. I hope you showered this morning, it's time to pay you guys off. Thanks for chipping in last year."

Fri, 04/19/2013 - 01:01 | Link to Comment tickhound
tickhound's picture

And just like the good little school of Pavlovian fish that so many of you are, you take Tyler's headline and bite.. hook, line and sinker.  Reacting, instead of thinking.

IF ANYTHING... it was more like EVERYBODY ELSE sitting around in a dim room, showing Obama the Zapruder film.  Then asking, "any questions?"

Fri, 04/19/2013 - 01:09 | Link to Comment Supernova Born
Supernova Born's picture

Pavlov's Fishes' mouths watering.

-M.C. Escher woodcut

Fri, 04/19/2013 - 02:06 | Link to Comment toys for tits
toys for tits's picture

 

"This is my last election.  After the election I'll have more flexibility."

Fri, 04/19/2013 - 03:31 | Link to Comment savagegoose
savagegoose's picture

he said " i am the BA RA KA  the  perfect balance of body, mind and spirit. ultimate  achrievemnt of the mason as we we understand  egyptipn mysticism, bow down and lick my ass "

Fri, 04/19/2013 - 03:51 | Link to Comment Doña K
Doña K's picture

Obama: Hey guys, thanks for coming. I have a quid pro quo proposal.

Gang of 4 or 5: Shoot

Obama: I want to stay Pres

Gang of 4 or 5: We need lot's of scary things to happen

Obama: Yes I know. a few terror attacks, a veil of financial instability and more

Gang of 4 or 5: We can take care of the second

Obama: Okay. I will take care of the rest. How about funding?

Gang of 4 or 5: Will let you know where to bet.

Obama: Let's keep in touch

Fri, 04/19/2013 - 06:24 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Vee are about to transmit to Vladimir.

http://www.youtube.com/watch?v=WJO-ZKECIFs

Fri, 04/19/2013 - 03:30 | Link to Comment Rubicon
Rubicon's picture

"There is a bomb due to go off in Boston today. Use it to bring these monsters back in line. One lump or two Jamie?"

 

Fri, 04/19/2013 - 03:40 | Link to Comment Oracle of Kypseli
Oracle of Kypseli's picture

Here is how it went:

BANKSTERS: Barry, we asked you to invite us here because we have the following concern. There is an options expiration for PM's on the 25th of the month and there are tons of options which will be exercised and there is not enough physical metal to deliver. Which means that we will be wiped out and will be exposed.

We want is to alert you that we are going to sink stocks and precious metals temporarily (until after the 25th or so) so that we can avert disaster. In the process, you and your friends can also make a bundle as we will get gold below 1350 by then.

BARRY: Do I need to sign anything?

BANKSTERS: No. this is just a heads-up

BARRY: More bloody Marys gentlemen?

  

Fri, 04/19/2013 - 04:33 | Link to Comment Supernova Born
Supernova Born's picture

At some point this Socratic Method BS must yield to information.

One of the Tylers is going to give their best guess answer at some point, right?

30K reads and still no best guess from ANY authorized Tyler?

I gots to know.

If we all really KNEW?

Fri, 04/19/2013 - 08:21 | Link to Comment dtwn
dtwn's picture

Ummm. No. Because unlike other 'media' sources, Tyler(s) actually show us the data.  Where we are fully capable of thinking about it vs just reacting to the headline.  As a scientist, seeing the markets behaving quite differently at the same time is a bit odd.  Of course it could be a complete coincidence, but that is where discussion comes in.  Not douchey comments from idiots such as yourself.

Fri, 04/19/2013 - 00:05 | Link to Comment venturen
venturen's picture

Capitalism is the legitimate racket of the ruling class.: Al Capone

Fri, 04/19/2013 - 00:44 | Link to Comment Non Passaran
Non Passaran's picture

That is state capitalism, not free capitalism.

Fri, 04/19/2013 - 01:12 | Link to Comment tickhound
tickhound's picture

There's nothing free in this world.  Ask any capitalist.

Fri, 04/19/2013 - 06:01 | Link to Comment Burr's 2nd Shot
Burr's 2nd Shot's picture

There's nothing free in this world, ask any evolutionary biologist. FIFY

Fri, 04/19/2013 - 09:27 | Link to Comment sessinpo
sessinpo's picture

We are not talking about notional free items. Of course I must pay for a physicial item or service. In the term of free market, it means one not manipulated by others such as government which has no vested interested in such system other then a political one, to gain votes.

Companies may manipulate the market (and there are laws against some manipulation such as price fixing), but companies have a vested interest that is non political - to make money.

When  you understand that, you see your statement is false.

 

Where you may be correct is a situation of facism. Where companies become political.

I think most agree we see that today where companies have lobbyist or donate heavily to certain parties or individuals for unfair, non free advantage. And yes, I understand the argument that in this environment, those companies are "free" to lobby, so it is fair. But it is not - it is the government/industrial complex or racketeering and corruption.

 

It was once said by a President "The business of Government is business".

 

Let's go back to the constitution. The business of the Federal Government is simply to defend the country from other outside groups that would hurt Americans.

 

When it comes to regulation of business, states can do that.

Fri, 04/19/2013 - 00:51 | Link to Comment Oppressed In Ca...
Oppressed In California's picture

And socialism is the philosophy of mass murder.......

Fri, 04/19/2013 - 01:21 | Link to Comment BLOTTO
BLOTTO's picture

Either way - man exploits man...

...

just which poison do we get?

.

Heads 'they' win, tails we lose...thats our choice.

Fri, 04/19/2013 - 03:56 | Link to Comment Doña K
Doña K's picture

There is a difference: In capitalism, everyone can have a shot to move to the top. In socialism/communism the elite keep a tight lid on upward mobility

Fri, 04/19/2013 - 01:11 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

And socialism is the antidote.

Fri, 04/19/2013 - 01:18 | Link to Comment tickhound
tickhound's picture

He didn't say that.  You did.

Fri, 04/19/2013 - 02:34 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Correct.  It was my comeback line that I made up on the spot.  If you read my text like a lawyer would, you'd note that I never said I agreed with it.  I merely stated that it is the 'opposite' condition.  Like an Acid and a Base.  The corollary is therefore also true: Capitalism is the antidote to Socialism.  Well, one antidote.

LOL, guess the down-arrowers are not as smart as they think they are, because they inferred something in my comment that I did not state.  They were 'projecting', if we want to get psycho-analytical.  According to Spock.

Fri, 04/19/2013 - 03:11 | Link to Comment tickhound
tickhound's picture

I seriously doubt that anyone here would assume you actually "meant" socialism to be the "answer."

Since you care so much, your downvotes are more likely due to your assumption that the alternative to capitalism, or ANY alternative to capitalism, must be socialism.  It's called a FALSE CHOICE.  And it is everywhere.  Even here.

What the world needs is an antidote to BOTH OF THEM.  Both are according to monetarism.  Both assume infinite growth.  Both require the wage slave.  Both are becoming obsolete.

Spock knew this.

Fri, 04/19/2013 - 06:48 | Link to Comment bdc63
bdc63's picture

I doubt they were able to do much "talking" with their dicks in each other's mouths ...

Thu, 04/18/2013 - 22:27 | Link to Comment seek
seek's picture

I agree, something hidden is happening/has happened.

I originally dismissed the whole "DHS insider" thing was conspiracy fantasy, but it is a bit freaky that things are playing out as described. (And might explain why O was so pissed about not getting the gun control items he wanted.)

Thu, 04/18/2013 - 22:30 | Link to Comment john39
john39's picture

They told him that there is no plan b. no one coming to rescue them... Soon time to face the angry masses.

Thu, 04/18/2013 - 23:30 | Link to Comment DeadFred
DeadFred's picture

He gave his blessing for the takedown, gold first then the stock market. "I don't see any elections in my future, do you? Let's fleece these suckers and blame it all on the Republicans" Let no crisis go to waste presupposes a crisis.

Fri, 04/19/2013 - 01:26 | Link to Comment Transformer
Transformer's picture

I don't know if everybody here gets it or not, but the False Flag in Boston, was pretty much neutralized by actions taken on the Alex Jones show.  Basically, AJ and his crew figured out from pictures who the patsy was going to be and broke the news before the MSM.  They also spotted a group of Navy seals on the scene, or Seals likely working for Craft, a military for hire outfit  These guys were all around ground zero, with backpacks just like the one the FBI is touting.  More than likely, though, just to confuse the backpack situation.

Alex broke this on his show, and immediately, things went to chaos in Boston. They quickly announced they had the patsy, and arrested him, but then figured that since Info Wars had published all the pictures of the Seals/Craft guys, that their cover was blown and they had to change the plan.  They had already denied the bomb drill, with bomb sniffing dogs and police on top of buildings, that was obvious in pictures and runner's testimony.

So, then they called the bomb scares and rebuked CNN to take attention off of their chaos.  This all seems pretty unbelievable, but I would suggest going to Infowars and watching some of their videos.

http://www.infowars.com/government-caught-in-boston-bombing-false-flag-c...

There is lots of other info about it on his site.

Fri, 04/19/2013 - 01:41 | Link to Comment Transformer
Transformer's picture

At the OK City bombing in '95, there were cameras everywhere downtown.  Within an hour after the bombing, the FBI had confiscated all the tapes.  On 9/11 there were about 5 or 6 surveillance camers running outside at businesses around the Pentagon.  Within a couple of hours, the FBI had again, confiscated all the tapes.  In the case of OK city, the tapes would probably have revealed at least 2 accomplices to McVey, and two explosions, as were revealed on the Seismic tapes from the university.  We don't know what would have been revealed at the Pentagon on 9/11, but it probably wasn't a 757.

12 years after 9/11, we have just had another terrorist bombing.  Now, though, everybody carries a camera and a video camera with them, disguised as a cell phone.  There were so many pictures and videos on the net that someone set up a couple of data dump sites, where people could just dump their videos/pictures from the Marathon bombing, anything they wanted to upload.  Kind of makes you understand why they went after Joe.com in such a big way.

This time the FBI didn't get to confiscate all the videos. They are everywhere on the web.

Fri, 04/19/2013 - 12:09 | Link to Comment V in PA
V in PA's picture

The internet is Man's only hope to regain freedom. 

Fri, 04/19/2013 - 01:34 | Link to Comment Number 156
Number 156's picture

I bet its something like that.

These people look out for themselves. They are a completely separate class of people and every decision they make is for the benefit of that class.

If Obama were to tell the Bankers to stick it, he would be lauded by Democrats everywhere because 'he's sticking it to the man'. If whatever he is doing would bring him praise from Liberal democrats, then why the closed doors?

These people are privy to insider info and are tied to the Bushes, the Rubios, the Rommneys, the Reids, the Pelosis, and the Kerrys et al, and I believe they are selling out their positions at a moderate, controlled pace, and for a reason.

The people who voted for this chicago huckster are suckers, plain and simple.

 

Fri, 04/19/2013 - 03:48 | Link to Comment cynicalskeptic
cynicalskeptic's picture

There 's a reason that retired Presidents get to invest with peopel like the Carlyle Group.....(no matter which party they're with),  Ex-Presidents seem to end up VERY wealthy (with maybe the exception of Carter)

Read Perkin's 'Confession of an Economic Hit Man' - you can end up very wealthy or dead   - only someon already wealthy (like a TR or FDR) can stand up to TPTB - and not without risk.  TR was shot - FDR was threatened with a coup d'etat.

Thu, 04/18/2013 - 22:31 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Evening, seek.  At my LCS today, I was only able to buy ONE Au Eagle.  Just like last Friday.  One each, that's it!  Premium was $100 over spot.

The owner also told me that "some" gold mines have already shut down, no other details.

Thu, 04/18/2013 - 22:38 | Link to Comment Pegasus Muse
Pegasus Muse's picture

I want to know what his Bankster Bosses told O'blamer.  Choom Boy is just one more in a long line of puppet politicians, after all.

Thu, 04/18/2013 - 22:39 | Link to Comment aint no fortuna...
aint no fortunate son's picture

is he taking back what he gave them in early March 2009 when they bent him over a table and made him their bitch?

Thu, 04/18/2013 - 23:39 | Link to Comment seek
seek's picture

Evening, DoChen.That's one heck of a premium!

I was reading "The Genesis Block" tonight -- a bitcoin blog. It was covered elsewhere on ZH today, but a couple bitcoin exchanges were shut down by the banks they have accounts with by locking the accounts. This most recent ZH story was on my mind.

All of this -- gold takedown, bitcoin takedown, shutting down exchanges. What if they wanted the physical supply to dry up?

Then it occurred to me: they're locking the exit doors.

Something is going to happen where people will want to exit the financial system, and they've locked the exit doors.

My bet is that is what O told the banksters.

It probably won't be long until we know what's going on, then. I hope it's not a repeat of the Station fire writ globally. ( http://en.wikipedia.org/wiki/The_Station_nightclub_fire )

Thu, 04/18/2013 - 23:46 | Link to Comment fonzannoon
fonzannoon's picture

seek if they were smart enough to lock the exit doors with a knockdown they are pretty damn smart. I would never have imagined the physical buying response would be what it has been the last week.It's scary to think that they knew this would be the reaction to a smash. That being said...this certainly feels like some weird kind of capitol controls that just hit the phyz market. 

Fri, 04/19/2013 - 00:06 | Link to Comment Croesus
Croesus's picture

@ Seek & Fonz:

It makes perfect sense that the doors are being closed, locked, and barricaded.

Quote: "this new gold market is "ongoing" and "changing". The potential exists for the return of gold as the "only" reserve currency. This may result from a failure of the Euro, due to a massive upheaval. Oil states, they have the ability to force this outcome. During this result, all paper will burn and the world economy will start over"

Fri, 04/19/2013 - 00:42 | Link to Comment Harbanger
Harbanger's picture

Who are you quoting?

Fri, 04/19/2013 - 05:04 | Link to Comment new game
new game's picture

try rubbing your owned balls...

dat crystal ball aint working.

Fri, 04/19/2013 - 00:19 | Link to Comment salvadordaly
salvadordaly's picture

fonz, "what if"? What if this is exactly what they wanted to create. Prices of PM's knocked down, massive purchases of PM's by people who would normally ever take physical possesion. People, at the same time trading currency, which is losing value, for hard physical. Only to confiscate that physical at a later date, at an increased value from the poor schleps that cashed out of the crashed currency. Load up peon's, we will get it out of you one way or another. I don't know that it can be explained, but "what if" this is part of their plan?

Fri, 04/19/2013 - 00:31 | Link to Comment Beam Me Up Scotty
Beam Me Up Scotty's picture

Knock down the price and set the table for an overnight devaluation ala FDR?

Fri, 04/19/2013 - 00:39 | Link to Comment Non Passaran
Non Passaran's picture

Oh my god it seems there's no end to crazy conspiracy crap here..
Why would "they" want to do that the way you describe it and not confiscate gold right (and savings) instead?
And how stupid they'd have to be to sell it cheaper and then confiscate gold when it's better to sell it at a higher price and then confiscate it?

Fri, 04/19/2013 - 00:55 | Link to Comment salvadordaly
salvadordaly's picture

Because, We ARE CENTRALIZING IT HERE FOR THEM TO TAKE! We are doing the PM buying for them. The dollar will be gone. Physical will become a premium. We (me and you) have made the purchases "for the government". Only for the government to confiscate from me and you. Which would increase the government stockpile. I lnow it's deep but "what if"? Cheap? at the moment yes, but when the dollar is worthless? Cheap will become very expensive.

Fri, 04/19/2013 - 01:08 | Link to Comment salvadordaly
salvadordaly's picture

WHOLY CRAP! Just stepped outside to smoke and caught a GIANT ARMADILLO in my cache. The sumbitch had dug up my sack of phyz and drag it off into the night! What am I gonna do? I'VE LOST EVERYTHING!!!!!!!!!

P.S. I live in Texas

 

Ass covered, YES?

Fri, 04/19/2013 - 01:15 | Link to Comment Lore
Lore's picture

Armadillo is delicious with HP sauce.

Fri, 04/19/2013 - 02:23 | Link to Comment Wile-E-Coyote
Wile-E-Coyote's picture

No you had your stack buried next to that chemical plant, you got up in the morning to find a crater.

Fri, 04/19/2013 - 01:26 | Link to Comment Lore
Lore's picture

This talk presupposes that they give a damn about the little people.  They're psychopaths and destroyers!  They care only about themselves. 

Something just broke.  We've all read the speculation about a smash in order to shake out loose bullion for a COMEX on the verge of default.  That makes sense to me.  All the mad lemming rush to the local dealers (Canada too) is an UNINTENDED CONSEQUENCE.   The smashers, being exclusively paper-oriented, thought they would succeed in driving people out, never stopping to think that there is still a vital symbiosis between the paper exchange and the real stuff out in the real world. 

(This also applies to the smash in the company stocks, by the way.  If the banking powers don't want to create a complete economic disaster -- one that will inconvenience THEM -- then they had better start pushing up the shares in senior explorers and producers if they don't want industry to grind COMPLETELY to a halt.)

CHECK OUT THIS VIDEO.  I thought I found it this morning on ZH, but can no longer find the source.  (Tyler, did you remove it?)  Bill Still of "Moneychangers" fame captured an April 17 conference presentation by an academic that describes a state of panic among the world's top economists:

http://www.youtube.com/watch?v=7VOWnnEphjI

Fri, 04/19/2013 - 02:29 | Link to Comment Creepy Lurker
Creepy Lurker's picture

Wow! Thanks for that, Lore.

Fri, 04/19/2013 - 03:31 | Link to Comment willien1derland
willien1derland's picture

Outstanding Post!

Neither austerity or stimulus will work until there is genuine reform!

Jeff Sachs: The Pathological Environment on Wall Street - From the Philadelphia Federal Reserve on 17 April 2013

"I believe we have a crisis of values that is extremely deep, because the regulations and the legal structured need reform. But I meet a lot of these people on Wall Street on a regular basis right now. I'm going to put it very bluntly. I regard the moral environment as pathological. And I'm talking about the human interactions that I have. I've not seen anything like this, not felt it so palpably.

 

Fri, 04/19/2013 - 04:43 | Link to Comment i-dog
i-dog's picture

Agreed. And he continued:

 

"They have gamed the system to a remarkable extent and they have a docile President, a docile White House and a docile regulatory system that absolutely can't find its voice. It's terrified of these companies."

 

"We have a corrupt politics to the core, I'm afraid to say. And both parties are up to their necks in this. It's nothing to do with Democrats or Republicans. It really doesn't have anything to do with right wing or left wing, by the way. The corruption, as far as I can see is everywhere. But what it has led to is this sense of impunity that is really stunning and you feel it at the individual level right now."

 

"I have waited for 5 years now to see one figure on Wall Street speak in a moral language ... and I've not seen it once. And that is shocking to me. And if they won't, I've waited for a judge...for our president...for somebody...and it hasn't happened. And, by the way, it's not going to happen any time soon, it seems."

A stunning speech that could have been made by any one of hundreds of commenters on here! Hopefully, it will prompt others in the mainstream - with claims to even a shred of morality - to add their voices.

It could be a turning point....

Fri, 04/19/2013 - 19:02 | Link to Comment Cathartes Aura
Cathartes Aura's picture

yeah.   not buying it.

the words are fine, the messenger tainted.

Jeffrey's not about to change his spots, and he has many, many spots. . .

Fri, 04/19/2013 - 07:19 | Link to Comment deKevelioc
deKevelioc's picture

Didn't know Sachs had it in him!  This video is good.  It must be spread!  A must!  Sachs is no Hugh Hendry; he's a (was) mainstream lackey for quite a while.  Now, he got religion.  I used to laugh at this guy, but now I'm glad he's come out.  Maybe these crooks will fear for their lives now.  Nuremberg!  I smell it!  

 

 

Fri, 04/19/2013 - 01:13 | Link to Comment Croesus
Croesus's picture

@ salvadordaly:

Let me first say that: Nothing surprises me with these people anymore. So, in answer to your comment, a confiscation order wouldn't shock me, but whether people would comply is another story. Most people in the 1930's didn't, and only 1 guy ever got in trouble for not going along with it.

If a confiscation were to take place, the first targets would be the large commercial vaults, since they represent large piles, sitting in one place.

At the individual level, in a bank holiday scenario, what's to prevent bank officials from inspecting safe deposit boxes, on the instruction of the Fed/DotGov? Another fairly easy target.

Long Boating Accidents.

DotGov wants the greatest return, for the least amount of work. Most Americans do not have any exposure to precious metals, at least not in large amounts.

So, my position on confiscation is "yes and no". They might go after the "easy picken's", but it's doubtful that they'll be 'forcing' people to turn in grandma's wedding ring.

The tube of Eagles you just bought from Apmex is not worth their time, when they can just nationalize the mines.

 

 

 

 

 

 

 

Fri, 04/19/2013 - 01:20 | Link to Comment salvadordaly
salvadordaly's picture

Well it's not like I have to worry about it any more, but it's not so much confiscation I'm worried about. Your point is well taken. If it is outlawed, therefore making it hard to get rid of, rendering it useless (to the holder). Except on the black market, which would be shady and risky, with alot of hungry people willing to turn you in for a reward. Confiscation would be less of a concern. I by know means have the answers, I'm just open to "what the f is going on" debate.

Fri, 04/19/2013 - 02:38 | Link to Comment toys for tits
toys for tits's picture

Confiscation makes no sense these days as gold is no longer tied to the dollar as it was in FDR's day. FDR's confiscation order essentially took America off the gold standard, which was its purpose. It allowed the US to expand its money supply instantly since the only claims on the US's gold could be made by other CBs and not US citizens.

It will be a tough argument to make that confiscation today has anything to do with national security since in most peoples' view, gold is just another commodity.  And government confiscation makes about as much sense as confiscating pork bellies.

The people of India have had to live with the threat of confiscation for many decades.  It is the principal reason that most of their gold is purchased as jewellry since it is much easier to transport in that form.

 

Thu, 04/18/2013 - 23:49 | Link to Comment McMolotov
McMolotov's picture

Man, I've been having similar thoughts recently, but the way you phrased it...

Yeah, I'm sure to sleep like a baby tonight.

Thu, 04/18/2013 - 23:59 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

+ a big fat one

"Then it occurred to me: they're locking the exit doors."

And THAT is one heck of a comment.

***

At this point, I am happy to just get gold, even at $100 over...

And do be careful of low premiums (online)...  Google these words: "tulving, bankruptcy, California".  Ugh, not pretty, just found out this lil ol bit of history today.

Fri, 04/19/2013 - 00:38 | Link to Comment Beam Me Up Scotty
Beam Me Up Scotty's picture

Dochen, I don't own any gold, silver, ammo, or food, but I know people who have bought from Tulving and never had a problem. In fact they got a nice little package today that was ordered on Monday late afternoon from them. I suppose any dealer could go tits up in the middle of some transactions though. Or you could get Corzined. Either way life is risky.

Fri, 04/19/2013 - 06:36 | Link to Comment Pegasus Muse
Pegasus Muse's picture

That bankruptcy was in 1991 -- 22 years ago.  Didn't know about it till you posted. Thanks.  The article I read doesn't give sufficient detail to know what the problem was.

Just to be fair and balanced, I have purchased from Tulving multiple times over the last several years and have not had a problem with an order.  YMMV.

    

Fri, 04/19/2013 - 03:50 | Link to Comment Debugas
Debugas's picture

re-peg of the dollar at $8000/Oz ?

Thu, 04/18/2013 - 23:54 | Link to Comment enloe creek
enloe creek's picture

doing ebay with many choices of 5 gram gold bars ,IGR is my favorite but swiss are there also for a bit more

Thu, 04/18/2013 - 22:44 | Link to Comment Anusocracy
Anusocracy's picture

Circle the wagons.

Israelbama is going to use Iran for skeet shooting?

Thu, 04/18/2013 - 22:50 | Link to Comment MeMadMax
MeMadMax's picture

They all stopped selling at the same time too...

That curve is almost magical....

Thu, 04/18/2013 - 23:47 | Link to Comment Peachfuzz
Thu, 04/18/2013 - 22:49 | Link to Comment Scro
Scro's picture

A journey before may be long and filled with woe
but you must escape the gay man's ass so your tale can be told

Thu, 04/18/2013 - 22:16 | Link to Comment dryam
dryam's picture

Trick question.  Who says Obama called the meeting?

It's what the banksters said to Obama. 

Thu, 04/18/2013 - 22:18 | Link to Comment dogbreath
dogbreath's picture

does anyone have some rolling papers?

Thu, 04/18/2013 - 22:22 | Link to Comment toys for tits
toys for tits's picture

'I did not have sex with that woman!'

Thu, 04/18/2013 - 23:01 | Link to Comment mt paul
mt paul's picture

i didn't have sex 

with that pile

of fiat currency

in the vault..

Thu, 04/18/2013 - 23:35 | Link to Comment TheAlchemist
TheAlchemist's picture

... with the lead pipe.

Thu, 04/18/2013 - 22:35 | Link to Comment nmewn
nmewn's picture

RAJOTFLMAO!

Fri, 04/19/2013 - 05:21 | Link to Comment dogbreath
dogbreath's picture

a solid base hit

Thu, 04/18/2013 - 22:41 | Link to Comment Pairadimes
Pairadimes's picture

They called him on the carpet for screwing up gun control.

Thu, 04/18/2013 - 22:29 | Link to Comment Yes_Questions
Yes_Questions's picture

 

++Fear reversal.  The fucking banksters need to get some finally.

Thu, 04/18/2013 - 23:07 | Link to Comment GoldForCash
GoldForCash's picture

The Bankers showed up for a shoeshine and said remember president Kennedy!!

Thu, 04/18/2013 - 23:55 | Link to Comment logicalman
logicalman's picture

Watch this.

You are dead on.

George Carlin & Bill Hicks saying how it IS. Brilliant stuff!

http://www.youtube.com/watch?v=sQ3xxwQvVnE

Fri, 04/19/2013 - 00:34 | Link to Comment Forty Six and 2
Forty Six and 2's picture

Yes, yes it is.

Fri, 04/19/2013 - 00:22 | Link to Comment q99x2
q99x2's picture

Race management needs to see how many dropped out. I guess you could go to see on to the race website if you had their names or aliases.

The push for gun control. The 2,000,000,000 hollow points, the 7,000 59/cal machine guns, the 2,700 tanks, the marathon false flag and the sell off pretty much says the physical attack of the banksters against the citizens via the FEDs is about to begin.

May the Lord have mercy.

Bitcoin last price: Last price:$115.10000

Fri, 04/19/2013 - 00:26 | Link to Comment noless
noless's picture

proper parlance includes: hick, j(y)ockel, bumpkin, hilbiilly redneck(roughneck).. as it were? but yeah..

http://www.youtube.com/watch?v=WwoM5fLITfk

Fri, 04/19/2013 - 06:44 | Link to Comment nicoacademia
nicoacademia's picture

we signed the insider trading is ok bill for senators.

Fri, 04/19/2013 - 07:30 | Link to Comment Dick Gazinia
Dick Gazinia's picture

Its not about what he told them its all about the fact that he showed up to the meeting wearing just a jock strap and a cowboy hat.

Thu, 04/18/2013 - 23:36 | Link to Comment candyman
candyman's picture

cronyism in full display, regulators blind.

Thu, 04/18/2013 - 23:51 | Link to Comment williambanzai7
williambanzai7's picture

OBAMA MEETS WITH WALL STREET

Fri, 04/19/2013 - 00:04 | Link to Comment IridiumRebel
IridiumRebel's picture

RRRRRRRRAAAAAAAAYYYYYYYYYYYCCCCCCCCCCCEEEEEEEEESSSSSSSSSSSSSSSS

Fri, 04/19/2013 - 01:23 | Link to Comment williambanzai7
williambanzai7's picture

Don't fall into that trap

Fri, 04/19/2013 - 01:54 | Link to Comment dogbreath
dogbreath's picture

Whitehouse house nagger

<--- aw comon don't you watch Southpark

Fri, 04/19/2013 - 00:04 | Link to Comment spine001
spine001's picture

Stop fucking the middle class with this bubble you are generat8ng with Fed money or else. And 5hey went and obeyed... Othetw8se the fall in the S&P d9esn' make sense with 85 billion of POMO per month...

Fri, 04/19/2013 - 04:18 | Link to Comment Jendrzejczyk
Jendrzejczyk's picture

Your fingers are drunk as hell.

Fri, 04/19/2013 - 00:20 | Link to Comment Harry Quant
Fri, 04/19/2013 - 01:33 | Link to Comment Ausbroker
Ausbroker's picture

what he told them was this, "the Chinese are pissed that the Japs are devalueing.  The Chinese will silence Kim Jong whatshisname if we stop devalueing the Yen.  Thats a good trade gentlemen, now deliver on that"  Off you go....your working for the Chinese now

Thu, 04/18/2013 - 22:10 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

"So what did Obama tell them?"

"OK.....you can let go now boys." - Obama

<On a more serious note, a whole lot of strange stuff has been going on all over the place since Obama met with "da boys of Wall Street".>

Thu, 04/18/2013 - 22:15 | Link to Comment fonzannoon
fonzannoon's picture

I don't know why but I smell a 500 point drop on the dow tomorrow. who in their right mind wants to go home tomorrow long the market. something's up, and everyone can feel it.

Thu, 04/18/2013 - 22:18 | Link to Comment Gidas19
Gidas19's picture

1st to panic, panics the best

Thu, 04/18/2013 - 22:23 | Link to Comment MythicalFish
MythicalFish's picture

Guys already left for the weekend as they had to come in Sunday afternoon & trigger Jap gold stops. Fat chance.

Thu, 04/18/2013 - 22:25 | Link to Comment Harry Quant
Harry Quant's picture

I don't know. Maybe it's just me, but I feel like this weekend is the perfect weekend for something major to occur. Just has that set-up feeling.

Thu, 04/18/2013 - 23:38 | Link to Comment ISEEIT
ISEEIT's picture

Something is brewing ( or should I say fermenting?). Has been for a long time though. I believe they will ramp again overnight and into tomorrow though. It's a fucking with you game. The goal is to cause you to doubt your own perceptions and create an environment of obedience to their omnipotence. I'm not going with a full panic yet because the set-up is simply too obvious. More likely to see a balls to the walls ramp.

Thu, 04/18/2013 - 23:55 | Link to Comment logicalman
logicalman's picture

I think the word you are looking for is 'FESTERING'

Fri, 04/19/2013 - 00:00 | Link to Comment flacon
flacon's picture

Buy longer dated puts... hold them. Buy weekly short dated calls at 2:59pm each day... then sell them for profit at 9:35am the next morning, and load the profits into the longer dated puts. Repeat. 

Fri, 04/19/2013 - 00:25 | Link to Comment Non Passaran
Non Passaran's picture

Shit, people on this site have been saying that for 2 weeks now. I think the recent gold crash is a proof that the shit already hit the fan. We just need to find out what exactly happened.

Fri, 04/19/2013 - 02:05 | Link to Comment Cathartes Aura
Cathartes Aura's picture

gonna sneak into this corner, share some information that may/may not be of interest. . .

next week, Thursday 25th, is a full moon lunar eclipse - eclipses usually come in pairs - lunar, then solar two weeks apart - the solar eclipse will be 9th May. . .

and then a relatively rare second full moon lunar eclipse will happen on 24/25 May.

this second eclipse will occur after weeks of tense planetary contacts, which will most definitely throw some shit at the collective fans.

 

as they say, make your time. . .

Fri, 04/19/2013 - 06:13 | Link to Comment Go Tribe
Go Tribe's picture

Yeah, but Mars comes out of Aries today after a month-long fuckfest. All is well.

Fri, 04/19/2013 - 12:01 | Link to Comment ChacoFunFact
ChacoFunFact's picture

shhh…the US Senate’s Foreign Relations Committee very quietly and with little ado, adopted “Senate Resolution 65,” by “which the US will support Israel in case it is compelled to take military action and actualize its right to self defense in the face of an Iranian threat …The resolution stipulates that Israel will enjoy Washington’s diplomatic, economic and military aid.” (source)

Thu, 04/18/2013 - 22:29 | Link to Comment thismarketisrigged
thismarketisrigged's picture

@fonzannoon, i hope you are right, but by looking at the futures now, dow futures are up 62 pts, and s&p futures are up 8 pts.

 

now, how this is , is beyond me, considering the fact that the biggest dow component ibm had a terrible quarter and is certain to be down tomm, and yet the dow is still looking like it will open modestly higher.

 

also, google had a bad quarter imo, missing on there revenue and cost per click, yet the s&p is poised to open higher as well.

 

this can all change of course, but it makes no sense how this market is going to open higher with the all the negative earnings from these companies.

 

i think bernanke will make sure the dow, s&p and nasdaq , all finish sharply higher tomm to minimize the weeks losses.

Thu, 04/18/2013 - 22:31 | Link to Comment fonzannoon
fonzannoon's picture

i am sure I will be wrong. maybe it's not tomorrow. maybe it's never. if it does happen though it will be violent.

Thu, 04/18/2013 - 22:37 | Link to Comment nmewn
nmewn's picture

If they stay true to form they'll ramp it tomorrow and dump it on its ass Monday...spreads ;-)

Thu, 04/18/2013 - 23:01 | Link to Comment Pandorable
Pandorable's picture

Everyone is looking at futures wondering the same thing---no way it should be up after all those revenue misses.

SURREAL. Fishy Fishy smell.....

Fri, 04/19/2013 - 06:17 | Link to Comment All_Is_Well
All_Is_Well's picture

''Dow futures up 62 points, and s&p are up 8''

Kyle Bass said he was told directly that they want to tank the dollar! Can't do that and send the market to new highs without AU going into orbit! So Crush AU, crush AU hedges, crush AU confidence, let the dust settle, meanwhile the new JPM vault gets filled to the ceiling with those big momma kilo bars!  My guess only, Dow/S&P are headed higher. Hell, Barry said ''he thought'' the markets were going up before the last 1000 point run! He thought? Cummon! TD, this is a rhetorical question, as you well know...

Thu, 04/18/2013 - 22:42 | Link to Comment kito
kito's picture

I don't know why but I smell a 500 point drop on the dow tomorrow.....

 

thats a good one fonz!!!!...................not happening......green it will be...................

Thu, 04/18/2013 - 22:50 | Link to Comment fonzannoon
fonzannoon's picture

maybe it will be green. Probably it will be. One of my buddies always had to take a dump when we went on a road trip. we would make him wait until the last minute before we hit the rest stop. we knew he was serious when he announced he had a "turtle head". I think this gold move was someone scrambling for liquidity and desperately trying to hide it. I think we see turtle head soon.

Thu, 04/18/2013 - 23:04 | Link to Comment Harry Dong
Harry Dong's picture

funniest thing all week. Right there.

Continue

Fri, 04/19/2013 - 00:23 | Link to Comment RockyRacoon
RockyRacoon's picture

I'll never get the visual outta my head of a turtle wearing TurdFerguson's hat.  Sheesh.

Thu, 04/18/2013 - 23:16 | Link to Comment walküre
walküre's picture

Fonz, I am with ya. This week has been surreal. Even more so than the shit they pulled before. Drop or not, but it is all more surreal. Re Boston and the "bomber" images for example.

They got no effin clue and that's right there the true state of affairs. Europe is on the verge of blowing apart, up and going sideways. Nobody in charge has a clue about anything. That's our biggest problem. We are on our own just like you and the people in NJ were right after Sandy hit. ON YOUR OWN.

Thu, 04/18/2013 - 23:21 | Link to Comment fonzannoon
fonzannoon's picture

walk we are all on our own but at least i know I caught kito flat footed with a turtle head comment before it all went to hell. he has no idea where to go with that right now.

Thu, 04/18/2013 - 23:25 | Link to Comment kito
kito's picture

Actually I'm on the toilet............

Thu, 04/18/2013 - 23:23 | Link to Comment Dr. Venkman
Dr. Venkman's picture

Fonz, I don't know about a 500 pt drop...maybe. After 3 years, two weeks ago as we approached new nominal highs, I capitulated insofar that I told my finance friends that they "win." I left them at lunch the other day saying that this will end badly for us all. They mentioned, mockingly, guns and gold.

I feel that we have reached a point where I fear the medicine we will have to force down.

Like many here, maybe I am the ultimate contrarian indicator.

Two weeks ago, a 500 pt drop would have made me feel righteous. Now, regardless of the outcome, I am deflated. Thank The Good Lord for Hendrick's and Dog Fish Head.

Thu, 04/18/2013 - 23:27 | Link to Comment fonzannoon
fonzannoon's picture

Hang in there. i was not trying to go out on a limb and sound cool with a market drop call. I have no doubt i will be wrong. like walk said above, it's more about the current state of affairs that is so concerning.

try back in black ipa. good stuff.

Thu, 04/18/2013 - 23:38 | Link to Comment Dr. Venkman
Dr. Venkman's picture

No, I hear ya. Beyond the "market" the air is thick and ominous. It bothers me. And I am usually the upbeat one.

At least I now have a new beer to check out...

Thu, 04/18/2013 - 23:53 | Link to Comment williambanzai7
williambanzai7's picture

Who? muppets

Thu, 04/18/2013 - 23:41 | Link to Comment DeadFred
DeadFred's picture

How about stay away from the Boston Marathon and stay away from MIT (new shooting reported half hour ago, poor Boston can't catch a break)

Thu, 04/18/2013 - 22:09 | Link to Comment wedgeseeds
wedgeseeds's picture

I am not black....

Thu, 04/18/2013 - 22:09 | Link to Comment MythicalFish
MythicalFish's picture

"Keep this to yourselves, gentlemen, but we got a problem."

Thu, 04/18/2013 - 22:24 | Link to Comment otto skorzeny
otto skorzeny's picture

"who's we sucka?"

Thu, 04/18/2013 - 22:37 | Link to Comment Ineverslice
Ineverslice's picture

 

Smith, Wesson and Me.

Fri, 04/19/2013 - 00:13 | Link to Comment PeakOil
PeakOil's picture

The mother of all bank runs approaches. Ben's "tradition" has been sold and rehypothicated a million times over. Somebody just yelled "fire" in the theatre.

All Paper to burn.

Thu, 04/18/2013 - 22:11 | Link to Comment surf0766
surf0766's picture

All your money are belong to us !

 

Thu, 04/18/2013 - 22:11 | Link to Comment razorthin
razorthin's picture

Ladies and gentlemen, you've seen your last loophole...

Thu, 04/18/2013 - 22:11 | Link to Comment Shizzmoney
Shizzmoney's picture

"I also take post-dated checks"

Thu, 04/18/2013 - 22:11 | Link to Comment Gamma735
Gamma735's picture

Time to kill the economy so we can turn the key and make this the land of the slaves.

Thu, 04/18/2013 - 22:13 | Link to Comment jomama
jomama's picture

precisely what he was told to say?

Thu, 04/18/2013 - 22:12 | Link to Comment foxmuldar
foxmuldar's picture

It's my way or the highway.  

Thu, 04/18/2013 - 23:42 | Link to Comment Tom Servo
Tom Servo's picture

Hershey highway, imo...

 

Fri, 04/19/2013 - 01:24 | Link to Comment tickhound
tickhound's picture

"It's my way or the highway."

Never.Ever.In your most wildest dreams did he say that.

Thu, 04/18/2013 - 22:12 | Link to Comment Bansters-in-my-...
Bansters-in-my- feces's picture

O told them he likes gay white men and he is a bottom. Straight men will do too as long as they have a banking background.

Thu, 04/18/2013 - 22:13 | Link to Comment fonzannoon
fonzannoon's picture

Ekm has said a hundred times that the order has to be given. Maybe that is what happened. sayonnara QE?

Maybe they stop it. Some big fkin thing happens that seems like it's in the air lately?

Thu, 04/18/2013 - 22:37 | Link to Comment kito
kito's picture

me thinks that if there was anything really big to discuss with bens favored sons, its doubtful the sheep would even know about the meeting....................

Thu, 04/18/2013 - 22:42 | Link to Comment fonzannoon
fonzannoon's picture

Kito they had a skype meeting the week before but Benmoche kept eating loudly in the background and Buffet kept calling in and yelling "Is this thing on!!! I can hear you guys but I can't see you!!!!!"

Thu, 04/18/2013 - 22:54 | Link to Comment ekm
ekm's picture

There is another way to do it.

Trigger a margin call, like the one with gold, but for crude oil or something else. The panic selling will be so big that 85 billion/month would seem literally peanuts.

 

That's what I think happened with gold sudden collapse, it was tune up for the real thing to come, ALL ORCHESTRATED but also forced hand by crude oil price.

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