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Silver Is Having Its Best Day in 15 Months
In all the excitement over gold, silver has been largely ignored or forgotten. Today, it was the "poor man's gold"'s turn to stae a dramatic comeback posting its biggest single-day jump in 15 months. Having now retraced the Fibonacci 38.2% level of the record plunge, it appears $25 is th enext target - which is around 50% retracement levels.
Best day in Silver in 15 months...
with a target for 50% retracement at around $25...
Charts: Bloomberg
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Hi ho silver, away
It's quite amusing to watch the wide-eyed silverbug lemmings cheer as silver bounces before it's innevitable plunge to fair value at $18 an ounce. It seems that there is no level of dignity or rationality that silverbugs aren't willing to sacrifice in order to satisfy their dreams of world domination.
So now it's fair value should be $18 dollars? What happened to the "Only costs $5 dollars to dig out of the ground"???? Inflation is a motherfucker!!!
That was the PM troll Math Man, not MDB.
Thought that was Robotrader which was MDB's previous screen name?
When it was $44, Meth Head said fair value was in the low 20's. Now it's there and going up, but fair value is lowered? LOL.
World domination! Now that one is funny. Wealth is measured in ounces, not dollars. Price only matters insomuch as what I have to pay to get my hands on real money.
If cost of production is fair value then the price of silver is about right in the low-mid 20's.
If mining output determines fair value then silver should be 15% of the price of gold.
If available bullion on the open market determines fair value then silver should be over 500% of the price of gold.
If money supply determines fair value then gold should be over $8,000 per oz.
It gets even funnier: on talk radio today I heard a commercial pushing the next big precious metal: TUNGSTEN!
http://www.tungstennow.com/
At first I thought it was a joke, but sadly, it wasn't.
Pascua Lama gold and silver mine permanently suspended:
http://silverdoctors.com/some-seriously-bullish-news-for-gold-silver/
I miss that worthless prick Math Man...
"It only cost $5 to dig it out of the ground" - Math Man
MethMan is a fool.
He was on foodstamps, yet he bragged about driving a Ferrari.
@ SemperFord
Silver is imho a much more valuable commodity than gold and it's been imperative to the PTB to squelch the price. They have done so successfully for over 30 years. However, thanks to the internet, the cat's out of the bag and people are accumulating it hand over fist. I think silver will far out perform gold on a percentage basis going forward.
I think silver will far out perform gold on a percentage basis going forward.
Likely so, but to really capitalize on it, you have to have a shitload of phyzz.Otherwise the percentage of profit wont matter.
Depends on if you want paper profits or ounces. Or purchasing power. % fiat terms means paper profits to me but we’ll see.
"Facebook is the AAPL" - MDB
Gold and silver:
http://blog.quantsig.net/2013/04/25/gold-silver-4/
"Lest we forget" - it's still a manipulated market.
I am no more ecstatic over today's price increase than I was depressed over the price slam of the past week.
Exactly. Just got an email from Gainesville offering unlimited amount of 2013 ASEs for $4.55 over spot. Granted, $4.55 over spot for silver is a bit high for my taste at these price levels but there's plenty of physical silver to be had. Silver may go up. It may go down. Just don't get too high, don't get too low. Stick to your guns and do what's best for you and your family.
Tulving now has some ASE monster boxes in stock (first time weeks/months), and he wants $4.99 per oz over spot.
Never seen that before.
You know, I will never understand the obsession that so many physical silver buyers have with so-called "legal tender bullion coins" issued by their OWN much-hated government, and at much higher premiums to boot.
Being generally if not almost universally anti-government, shouldn't physical PM buyers SPURN government-issued bullion, instead of hypocritically flocking to it in preference to privately-minted similar issues?
What does the fictional governmental sanction of legal tender status matter to a bullion coin, anyway, as NOBODY is ever going to spend one as currency?
That is a great post, the type I love to see. A post that asks questions.
Here is my answer:
The reason one buys physical from the government is the "supposed" quality of the coins. We have seen posts on gold bars containing tungsten. At this time, coins from the US Mint have not been questioned in their quality of content. And that is the important part. Quiite frankly, if I am buy American Eagles, I don't care what year they are because the year doesn't matter. It would matter if a very limited quantity was created, but that is not the case. So what I am after is the content, the purity of the coin in either silver or gold. Until we see a story where a coin is filled with material other then gold or silver, the perceived safety of buying precious metals in certain forms is good.
In addition to the spurning the government issued bullion, the reason for buying it is to "attempt" to preserve wealth from a government that is mismanaging its money, either fiscally or monetarily.
Your last question is a very good one: "What does the fictional governmental sanction of legal tender status matter to a bullion coin, anyway, as NOBODY is ever going to spend one as currency?"
This is why I advocate only having a portion of your savings in PMs and not overloading. Having some PMs is a great way to protect yourself in the event of a total currency collapse. But eventually, whatever government is still left after a collapse, will institute new policies and possibly a new currency. That is why I don't overload but do advocate having some PMs.
For me it's retribution
It might matter, should the benevolent government decide to remonetize said instruments at face value some day.
..Just prior to taking and revaluing it, because it is only fair.
But of course they would never do something like that.
There's very little physical silver delivery left to be found if any. Unequal weights and unbalanced scales are an abomination to The Lord
That means God hates fiat currency (which He does).
Fiat currency is the modern version of the Tower of Babel.
AgTex,
go to gainesvillecoins.com. You can buy UNLIMITED amount of silver eagles for $4.55 over spot. Silver shortage my ass.
Perhaps as you suggest, for the right price, there is no shortage of almost anything (although in the Weimar Republic food could not be bought) for any price. As far as the business about silver eagles being available in any quantity, it would be interesting to know when they plan on delivering the metal since shops all over the world are putting customers desire for delivery weeks out.
"Please allow an estimated 13 - 15 business days to ship"
Seems a little "short" to me.
You were saying...
JPMorgan's Eligible Gold Plummets 65% In 24 Hours To All Time Low"You are to pay them in silver for the food you eat and the water you drink." ~ Deuteronomy 2:6
Annnnd,
"By your wisdom and understanding you have gained wealth for yourself and amassed
gold and silver in your treasuries." ~ Ezekiel 28:4
Here it is from the Grand Poobah of Crooked Crony Capitalism himself-
"Gold and silver are money. Everything else is credit." ~ John Pierpont Morgan
Gold and silver have a 6,000 year history as being money. We are all created with this in our DNA.
Let me correct Morgan,
"Physical" gold and silver are money. Everything else is credit.
there fixt it
before it's innevitable plunge to fair value at $18 an ounce.
The value of silver doesn't change much, just the purchasing power of the bux. What $18 bought 10 years ago will pretty soon require $90.
The problem with that theory is the value of silver and gold has changed a lot. Relative to wages, relative to assets, relative to currencies. If gold and silver are not in a bubble, then the market is not accurately pricing anything else.
The market is not accurately pricing anything else. That’s right. That will change shortly and it will be calamity including the price of currency and trade.
Relative to wages gold has more than doubled the work-hours required to get it in 100 years. That’s not good for those seeking to stack, only for those already holding.
Dear MillionDollarBonusBoobus:
The idea that the "fair value" of silver is static shows, to paraphrase General Patton, that "you don't know anything more about bullion values than you do about fornication." With all the speculation. manipulation, and natural movements of the marketplace, the bottom line is and will continue to be that silver (and gold) is money and not the fiat linen that the banksters from London and New York want you to believe it is. People in India and China and many other parts of the world know this. Boobus Americanus has had too much TV and bad food and have forgotten although there are signs they are waking up. The linear relationship over time with money printing establishes this for a fact even though the permutations of the market make it not evident to blind donkeys like yourself. Go back to watching TV LAND reruns and spare the rest of us your silliness.
Fuck off dickbag
How does that compare to the fair value of your Herbalife distributorship?
I'll continue to exit fiat and pump my physical. See you on the other side....
MDB you are the only reason I even look at comments on Zero Hedge anymore. You da best bitch!
Fair value is already far above the listed spot price for any delivery, so what, you mean spot at 18, physical at 28 ?
Bitchez!
Now, will my LCS have any gold for sale for me today...?
The shorts are being caught with their pants down. Physical is running out. The price of gold and silver are going much much higher.
http://sprottmoneyblog.com/
Maybe...one day does not a market make
Agreed. This is just a bounce back from the manipulated lows. Nothing near breakout range (which may never show up in paper, anyway).
I stopped measuring gold and silver in USD/oz a while ago. I go by weight now.
The move up in PMs is paradoxical considering the GS confirmation (since they puppet master Mario) of an ECB rate cut next Thursday. (Very Bearish for $USD denomimated PM paper prices).
I would say next Wednesday morning is the time to re-set the silver shorts (probably at $25.50 by then).
That is the short-term slaughterer strategy. Refer to it by the acronym SSS from now.
But by next wednesday the comex will have defaul......sigh....nevermind.
BOUGHT DURING THE RECENT B.S. PAPER TAKEDOWN
DIDNT BUY DURING THE TAKE DOWN
Love your art and your active imagination.
kardashianesque
Boris Vallejo?
Frank Frazetta - think Molly Hatchet or Tarzan
Blythe's big ass?
Princess of Mars, or from one of ERB's later books?
Flirtin' with disaster bitchez...
frank frazetta was the greatest illustrator of strong, barbarian, women
He did a lot of Conan work too
She's been very naughty, I feel compelled to give her a good spanking. It's for her own good, just look at dat ass.
I'd say 1/2 kardashianesque
I can see the origin of the heart symbol.
I see a Krugman in the shadows staring creepily at the young woman.
and hes limp.....
Before he gets to her, the moon will fall on him.
the precioussss....
both of Krugman's wives have been named robin ( his middle name ) I therefore pray that the rubenesque glass of water in that picture is not.
Your $100 bill is also on Lew Rockwell's site
http://www.lewrockwell.com/blog/lewrw/archives/136634.html?utm_medium=tw...
I love your posts WB7
I see 2 moons!
Nice ass.
She looks familiar. So does the setting. Something Virgo star cluster-ish about it. Kirk out.
Mr Banzai sir. I'm interested in trying that hat on.
In other news, I find myself looking over my shoulder nervously like a battered woman waiting for the shoe to drop.. It's just too quiet! EIther way, awesome day, and it is pathetic we're only recapturing 24 but at least I'm not considering suicide by actually eating my stack anymore.
Hmmm....Which one to grab first???
she could stand to lose 15 lbs
I have a work out regimen in mind for her LOL!
to clarify to the one negative nutwhistle. I'm saying I would be happy to take my silver shorts off and shake and bake with that fair lady
Do I see Silver moon?
She is just a little too chunky for me under the waistline, but I like that she runs around the jungle naked and stares at gigantic silver coin moons.
They toss it, and leave it, and I pull up quick to retrieve it.
-Sir Mix-A-Lot
She is just a little too chunky for me under the waistline, but I like that she runs around the jungle naked and stares at gigantic silver coin moons.
HEY!!!!!!!!!!!.........look at the brightside, William COULD have done K Kardoucheans ass,now that would have totally ruined my day.
WB7 Outstanding!
William....
Nothing says like Lip purdy dee like purdy dee lips....
Reall purdy lips....
Prrrrrr.
Full Moon?
Let's have a side view of that with her vigourously riding that Eagle, cowgirl style, waving her cowboy hat over her head, spurring Lady Liberty in the boobs while hers point to the heavens.
And spice it up with a little Maxfield Parrish cerulean blue.
Come on now ! Someone actually down arrowed a naked young woman and silver ? Whats wrong with them ?
Talk to me when it's 50. Then I'll celebrate.
u mean 500, 50 is peanuts
I'm not against it hitting $500. But if it does, me thinks we will have bigger problems.
Don't care. I will be cashed out and well prepared by 125..
Its only foreplay before the fireworks start......the collapse of this ponzi will be an explosive move in these metals..especially silver
Um, yeah. Been hearing that for years. Anyone else remember the who bear co-tango backwardation? How about the big moves of January?
"don't be so impressed with this technological terror you've created." I think the word is "retracement." by all means "surf the silver" just like they do in Chicago of course.
1.10$ move up is the best day in 15 months. nothing to get excited about really.
Just means Blythe left the monkeyhammer in her other purse this morning.
this move up sucks. enough with this fibandfatchy moves. This just resumes faith in paper. Garbage.
They are back to saying these two kids were coming to NYC to bomb it. First it was to attack. then it was to party in nyc. now back to attack. these guys can't get their story straight.
The Krazy Korean Kid strawman was more fun to follow.
Was it ever resolved how the younger one shot himself in the face without a gun?
At this point in time even my 72 year old Faux news watching mother-in-law thinks the Feds are full of shit. The only people who believe any of this story are the hard core lib douchbags.
The Fed IS full of shit. Just take a look at its balance sheet.
the fuckin idiots running things realized their plan ended up being a big steamy Chuck Berry shit right on their own faces. Now they have to cover and bring the price back up to where it's not noticably low and Chinese people aren't wrapped around the block buying coins.
The recent slide has been very amusing. After all, a $1 dollar note weighs 1 gram or $31 per oz of bank notes. So we are supposed to believe that an ounce of silver is worth less than an ounce of paper?
Are we all that stupid?
Please don't answer........I already know the answer.
Let's keep falling for a while. Buy Low!!
Time to drop some short thingies on the market....
Damned right ! Wish theyd try that little game again so I can buy more phys like last time. Christmas in the Spring.
anyone checking prices online? is there magically inventory again?
You can feel the Eye of Sauron's gaze now.
You don't say!
http://flic.kr/p/eaNjzX
Open interest rising and rising bitchez!!!
Dog gone it! Every time ZH posts good news about silver kills the rally.
Every time.
Like to be wrong this time.
.
Sauron is considering his move. I watched the chart go flat and the action close up. I looked around for news. LOL.
I don't quite trust this move up. Especially with the overall market as toppy as it is in the face of so much data that suggests it should be moving in the other direction.
I'm sitting out this little rally in gold and silver. There is more downside to come in my opinion. Better prices to be had down the road...but will we be able to actually buy PHYSICAL gold and silver at those lower prices is another story all together.
The de-leveraging must occur one way or the other, and think the other is their Plan B, not Plan A.
In order to replenish the vaults they need to slam the prices up hoping everyone who bought at bargain will sell for a profit so they can hoover it up then now since plan A didn't work. Also keep paper from selling off. Manipulated or not they have to let the paper markets correct upwards or else the whole paper market gets busted when spot price is mirroring industrial production price.
My personal take anyways, same should hold true for gold. The stackers probably won't budge but the weaker speculative hands probably will.
"The stackers probably won't budge".
Correct. Not going anywhere and want MOAR.
I don't think people realize how manipulation works. You can suppress FOR A PERIOD of time. Its not something that can go on indefinitely, even if you have a magic printing press. If you continue trying to suppress then you just end up giving money away. I think they tried to scare people out with the sudden drop, now they will cover some short positions, and get long, on the individual level, if not the institutional level.
Maybe that will be the plan on some level, to let a TBTF bank continue shorting gold and silver, and when they finally break the balance sheet or the market or both then leave the American people on the hook again.
Surely there must be examples of Organized Crime doing this, its basically a semi-sophisticated 'Bust out' operation.
Looks like the gold market is going to get busted first at this rate, either way anyone sitting on physical is going to be a winner once the paper markets are proven to be fraudlent and spread out too thin on claims per ounce in the vaults.
Magic inventory of silver is not depleted yet in the Netherlands, but you have to wait up to 30 days for dilevery for silver coins...
Why buy in the Netherlands when you can buy from Germany with less VAT?
Because anyone who buys gold and silver in Germany gets a number tatooed into their arms.
I heard the rich Palestinians are buying up all the gold and silver to store in their nice homes they build illegally on Jewish land.. Poor Jews.. ever the victim.. Ever the reminder.. Every day.. in every way..
If you have to wait, by definition that is depleted.
My going back and getting a shitload of silver dimes is looking better and better all of a sudden.
My going back and getting a shitload of silver dimes is looking better and better all of a sudden.
Do yourself a fovor and ask them to weight the bag, and do the math.
Most of the dimes I have seen are mercury, wafer thin, and I feel not a sound bargain.
It's got a ways to go...
Be careful tomorrow, bank official hollidays in China for Monday, Tuesday and Wednesday!
Perfect time for another engineered waterfall operation and psycological smack down for precious metals.
Yep, could be a trap MX. I really do not think copper's six month charts are bullish and durable goods orders are down which usually means we are going into the shitter again. But fuck it, as long as the crock market is going up, up, and up we might as well add to the phyzz positions if we can. Who cares anymore anyway? We all know how this will end anyway. Stack up.
I am doing the power of attorney paperwork today for Mrs. M but then I realized that she really won't need it for too much because there is not that much left in paper assets on my behalf. I did take a moment to explain to her that it is only power of attorney and not power of vagina as the two could easily be confused.
So the Indians finally catch the lone ranger and tell him he has 3 days before they kill him. The Indian chief says 'lone ranger, you have 3 days until your death, what is it you want.' The lone ranger looks at the chief and says, 'well, I want to talk to Silver, my horse. The chief brings the horse around, the lone ranger whispers in Silver's ear and Silver takes off. Silver comes running back with a naked blonde girl. The blonde stays the night with the lone ranger. In the morning, the chief says he is very impressed but the lone ranger only has two days remaining. The lone ranger says, 'well, I'd like to speak to Silver again.' Chief brings Silver around, the lone ranger whispers something in his ear and Silver takes off! This time, Silver brings back a naked brunette. The brunette stays the night and in the morning, the chief is very impressed and approaches the lone ranger. 'You have one more day. What is it you want?' 'Bring Silver around', says the lone ranger. When the horse gets there, the lone ranger pulls the horse's head eye-to-eye with his, grabs him by the ears and says, 'Silver, bring the POSSE!!'
Ah a play on words, posse, to rhyme with pussy, as the horse mistook the word posse, for pussy, thus delivering the Lone Ranger with an attractive woman, rather than an assembly of cowboys.
Poor Silver, probably hearing-impaired from all the gotdam shooting from the saddle. Call PUD, that joke was EEEEEVILLLLL.
The original version of the joke which is over 35 years old, is that the lone ranger whispered something to Tonto while he is buried neck deep in sand. Tonto thrn rides off furiously.Just before sunset Tonto turns up with a really fat Mexican woman who proceeds to lift her skirt and rub her private parts all over the Lone Range's face.
The Lone Ranger then screams out to Tonto....."you stupid Indian, I told you to bring the biggest f...n posse not pussy."
Bitcoin made us some nice money (if you bought below €100 a coin), but now is the time to sell up and buy silver again.
Like I said all along...
~~~
You bitcoiners quickly jettisoned the "alternate, indestructable currency", stick it to the man, meme & became 2 bit hack joobuck value daytraders within about 5 seconds flat...
You people are a joke...
F_S, remember what I was buying when the BTC shit was coming to a boil a few weeks back? It's not my first date with silver. AND I have possession of it.:-) I have to agree with your analysis of the BTC trade.
Did you get a new(er) sloop yet? I think I need to get a newer one too as it getting to be about time to go have another boating accident.
Oddly enough ~ I'm not so much against the 'concept' of bitcoin as I am about the incredible naivete' of its sychophants...
~~~
Umm...
- Anonymous inventor [who nobody has heard from in two years]
- Promises, Promises, Promises... Will CAP production [I won't cum on your face hunny]
- Winkledweebs own 1% of entire market??? WTF is up with that?
- Zero knowledge of how someone may manipulate this market [oh, but we've seen that's not possible, right?]...
But MOSTLY... What makes me laugh are the sychophants themselves... Balsa wood justification upon balsa wood justification for STORING the sweat of your labor in a digital wallet... To make it simple ~ the only people who would ever think of doing something like that are people who have never really done much sweating in real life...
& now, they're all just joobuck daytraders [LOGGING IN DAILY TO SEE HOW MUCH THEIR TRADING ACCOUNTS ARE WORTH]...
Get a life...
'they're all just joobuck daytraders'
So next you will want to confiscate our silver, because it is joobuck daytrader investment? Jews know that the resentful will sell out, just a matter of playing them well enough.
So I sold a few bitcoins and made a few hundred euro profit. How does that put me in the league of slum landlords and banksters?
I never said it was indestructible.
if silver drops to $22 and no one sells it, and we all but it at $28 plus. then it corrects to $25 and no exchanges blow up and defaults happen, did we just get skanked?
no, we all just set the real price to sell at 28 not 25, which I’m sure you’ll see with spot at 25 will show real physical at 28 or higher.
Even though premiums were 6-7$ over spot [paper] prices to buy physical [Your FIRST CLUE THIS ENGINEERED DROP WAS A SCAM] I won't complain about a nice discount [IN THE REAL WORLD].
Who the fuck would believe a [spot or] Futures price is legitimate anyways?
Thanks to John Corzine...there IS NO financial integrity of the Futures markets nor will there be ever again...which then & now begs the question:
"If there is a 6- 7$ price gap between Spot & Futures [paper] to [Reality] Physical dealer's offers on Silver lately,,,PL*US the permanent removal of financial integrity of the Futures market thanks to CORZINE THEFT & [PFG FCM theft]...then do we assume Futures price discovery is still "LEGITIMATE"?
Sure the futures price discovery is Legit! Just try to buy some physical on the streets of the US & tell them "you demand a futures price or a "London Fix". They will first laugh & then "fix their foot up your ass as they toss you out the door" if you won't leave without paying the [fair] & real legit price.
The SHITHOLE PAPERMARKETS keep getting deeper & deeper.
This time though the fuckers at the top are realizing shaking the paper rug doesn't affect real physical so much any longer.
back the truck up!
http://www.youtube.com/watch?v=ByT0FErPgfQ
Sucks when you figure out the rabbit hole you are going down is really your own ass. It is like the deeper you dig, the more you get fkd.
Profound.
Don't get yer knickers in a twist! It's just channel surfing between Max-Min limits that TPTB have set: Can't have it get too low or it starts a bullion run, and you can't let it get too high or it creates a different problem. In either case -- too low or too high -- it causes a 'confidence' problem with fiat FRN's. Hedge or speculate accordingly.
Plenty more paper where that came from, not so much of the real stuff. So come on bansksters show us how big your balls are now.
we few, we happy few, we band of silver holders . . .
Silver price doesn't matter until it gets to 29-30 range because that's where it's been selling, on ebay and in coin shops, via the premium, which has been somewhere right around 18-25% depending on how lucky you are.
This move up will hurt some shorts, I CAN ONLY HOPE. When it passes 30, things will get interesting.
If I was the Silver Cramer, I'd be yelling, BUY, BUY, BUY!
Silver price doesn't matter until it gets to 29-30 range because that's where it's been selling, on ebay and in coin shops, via the premium, which has been somewhere right around 18-25% depending on how lucky you are.
I paid 5% last week, anyone dumb enough to pay those prems needs to think about it HARD.
I don't know much about this stuff, but could this not be a dead cat bounce caused by panicking shorts?
Rich man's Gold Eagles As low as $74.99 per coin over spot!
1 - 9 $1,552.69Rich man's Gold Eagles As low as $74.99 per coin over spot!
1 - 9 $1,552.69
Looks like a possible APMEX rape?.
Hard to get excited even on 5% up days. Wake me when the manipulators are finished beating it down and we start having 25% up days.
Cinderella Economics on a Ship of Fools
Only within an imploding empire of fools can a Krugman be fashioned to appear intelligent and only in an ivory tower collapsing from the bottom up can he garner groupies paid to worship debt as money. And only in the relatively knee-jerk psychology of divide and conquer politics, in which each peer pressure horizon controls the one below it, with arbitrary conditions, at the behest of the one above it, can digital monetary expansion with no mooring appear to be the solution for austerity, which was caused by the same monetary expansion, to hide an inherently flawed demographic insurance ponzi.
As Mr. Market is so amply demonstrating, the only difference between employing paper gold as a lever and debasing a currency by other means is the efficiency and speed of empire collapse. Those on the leading two edges are not fooled and simply double down, forcing the empire to do the same, to accelerate capital control, collapsing itself. Gold is an effective standard bridge, but its utility is always relatively brief. The leading edge must advance to complete the circuit with the new technology, which it cannot yet see. Net, the middle class collapses, slowly at first, and then with increasing speed.
There are many event horizons within the middle class, but it shares one characteristic that all middle class patrons have shared throughout feudal History, whether it has been dressed in socialism, communism, or capitalism, and that is the desire to get something for nothing, competing to see how much property can be taken with the least possible effort, enslaving others to the resulting debt for the purpose, to preserve the ponzi status quo. And what better patsies than the unborn, of robots programmed for the purpose. Of coarse they are obsessed with automation that eliminates people, automating their own path back to the DNA churn pool.
America is a whore, inviting to the drunken debt consumer stumbling out of the bar at 2am, but revolting in the light of day upon awakening with the resulting hangover. The individual is beginning to wake up, in numbers, to see Hollywood for the whore it is, along with all the willing participants in the majority. That’s just how it goes in the end stage of the empire cycle. The Euro didn’t solve the problem, and neither will any other mongrel coming from any other marriage of failed cultures / empires.
If you design the technology that can make or break economies, why would you accept debt from a failed culture, or a mongrel of failed cultures, as payment? Whatever you do, make sure I am the last in your line of lines, so you may employ me as a nigger to wash your dishes. Funny, there are no elevators in Mendocino. All politics is local, aggregated, and the prevailing currency will come from a community built for the purpose. Pot doesn’t work; it just makes the majority dumber, better empire fools.
That is the State of the City…ComRats. I’m here; come get me when you are ready to be removed from the planet. I build bombs for Navy. That’s my function. What’s yours?
Not sure where your middle class description fits into reality. The middle class is the only class actually doing any meaningful work.
It was a lot more fun when the price was lower. All the Asians going nuts and even running out in other places. Big discounts were nice. Please smack it down again. I'm ready and waiting.
I think Silver will have an even better day in the weeks following the FED's Next Coordinated slamdown