We have a sinking suspicion we know who the ultimate winner of this particular war will be.
Via Merk Investments
- advertisements -
+1 LOL......................or just cry in my beer...............
But Buffet says gold doesnt generate any interest...
Buffet "hopes" gold won't generate any interest. The timing of his existence is what contributed to his success. Had he been born in the mid 1800's or in 20 years time, he'd be singing a different tune. Buffet and Munger are simply Johnny on the spot during the largest credit expansion the world has known. I wouldn't give what he says any credit, as it's clear this credit debacle will sink the western banks.
this cartoon shows china as being to the left of the us, which is kind of old-fashioned
I was thinking, the title should read:
Dummies for Currency Wars
A picture is worth a thousand words, and with QE, a lot more
My other thought on current events is
And you thought those other Castro Brothers Were Evil..
Except China can't feed itself. This is going to get really interesting. Maybe time to head to the bunker soon.
yes...but instead of buying worthless US promises, China is out there buying African land and other raw resources.
Our current Agricultural system in this country is completely dependent on oil, depletes ground water, and destroys soil. We're "more stupid."
buffet's holding plenty of gold or becky would be showing tail lights..
He's got the Midas Touch... But he touched it too much... He's GOLDMEMBER...
You people are like those who quote the bible. The words were right on at the time they were spoken. As time moves on, the less the exact words relate. It's the principle of what is being said. It's good at this time, to have physical gold as a foundation of ones portfolio. We know not the day or hour, but this shit will explode.
A fool and his money are soon parted.
Of course Buffet has no money, since that is what most of us refer to as gold.
It's "moron" moran.
The guys were just funning each other, thus some down-ticks for ya.
I hope that China buys all the farm land in Zimbabwe. It should work out well.
Actually it would be a major "win" for the Planet - remember Zimbabwe was one of the World's major food producers under "external rule" -when it was known as Rhodesia.
The fact that China's BUYING the land should provide far less ammunition for the "Foreigners OUT" African mindset. If the locals DO decide to "follow tradition" they will be in for a very nasty surprise.
So how do you handle your country destroying itself? I'm kind of upset by it.
do 'Tasmanian DEVILS' figure in your world domination scheme?
Personally, I don't own a country.
Hope you didn't buy yours on leveraged debt.
So instead of buying worthless US promises, they're buying worthless African promises. What is the PRC's response if their newly bought land gets nationalized?
I think that's less likely to happen one might think. There are cultural and ambition clashes, and there will be small scale flare ups and perhaps tactical nationalization in an extreme diplomatic flare-up, but there are very diverse economic integrations and ongoing broad dependencies that African States have on China. And when all else fails- there is the supreme irony of the US MIC creations - the World Bank and IMF being hijacked to serve Chinese strategic goals.
They will send over a couple of PRC citizens to the spot and they will handle the solution (not the problem) the PRC way.
I'm guessing they'll send over a few hundred million Chinese to "discuss" the issue.
I wonder who would get tired out first...
they are not even buying most of the time, they help other countries to extract their resources . all you need to do is ask
We are actually quite good a soil conservation, and we have lots of hydrocarbons in the US. Sure there ain't no more "and while shoot'n for some food, up through the ground cam a bubble'n crude" oil, but we have lots of hydrocarbons. There are price floors associated with energy extraction that are now higher, certainly.
Having said that, the real idiots here are the Arabs, who are taking worthless paper (or worse, electrons) from us, and in exchange, they give us oil. Tell me that's not a great deal for the ol' US of A.
Our real stupidity is that we are draining our western aquifers to make corn to turn into alcohol to burn inefficiently in our cars. So we are basically burning the western aquifers. We will end up with ghost towns all across the Western US for this ethanol stupidity.
Great deal unless its your blood being spilled to protect it.
I never understood why we are trying to protect, certainly after the collapse of the Soviet Union. I mean, no matter, it's all those people have, and they are going to sell it no matter what. I guess the real danger is they will spend their time butchering each other and stop pumpimg the oil. They sure like to fight more than just about anything else.
good points, I don't like to call it ethanol stupidity so much as ethanol corruption. Still our hydrocarbons are getting more and more expensive and we still consume mouch more than we produce and our food system, like just about any other system, presumes cheap energy going forward. In a sense, everyone's screwed. There, I feel better.
only 14% of harvested corn in the US is irrigated, so no we are not draining our aquifers to grow corn - that doesn't mean ethanol from corn isn't exceedingly stupid (it is) but the aquifer impact isn't as dire as many say
if you really want to see ethnol production take off in the US, it needs to come from switchgrass
Exactly, don't those stupid chinks know YOU CAN'T EAT IT!
+ 1 for "chinks"
Trump you stole my pic!
there arent 50 million chinese on food stamps. the poor ones already know what its like to go without food. cant say the same for the masses in the u.s. who are living comfortably numb....................
I wonder when China is going to announce that they have 20,000 tons of Gold?
During or just after the SHTF?
Or their announcement will cause it.
you see fonz, my yuan can be looked at as a gold play......i figure im safe either way....if the dollar collapses...the yuan depegs and likely pegs to gold.......if the dollar stays strong, china would likely continue to peg to the dollar, but slowly strengthen it against the dollar, as it has been doing......
diversity fonz!!! buy yuan.......
of course i see, i'm the one that told u that. I hope u don't keep your yuan in the bank. you don't want to get your remnimbi cut off before you get a chance to use it.
Sure but yuan pays no interest. s/
Did your 'hubby' tell you that while you were cooking him his gourmet dinner, sipping on wine, & detailing the structural re-fitting of fighter aircraft?... I'm just trying to get some perspective here so I know where we all stand...
in China everyone hates the dollar. good call, the RMB might be as good as gold if the dollar collapses.
by my calcs the Saudis (various individuals or possibly as a nation) may have 20k tons but the Chinese probably have a max of 10k to 12 k tons....unless they have been doing a LOT more mining than we know.
The end comes when the gold suppliers to the world stop supplying....say by this Friday? GLD will have zero gold left in less than a year at the current rate of inventory depletion. This is a lot like predicting earthquakes but the pre-shocks are definitely increasing and I will not be surprised if this puppy blows quite soon.
The USA is the kind of "left" where the 1% gets 99% of the income gains. A very strange left.
you might want to check your SS bill.
The repubicans spell that kind of Left, RINO"s, lol, wingers crack me up.
Buffett is part of the Silent Generation... it only makes sense that such ridiculous buy-side wealth accumulation would occur in this group as they were protected children during WWII, too old to die in Vietnam, fully invested during the mania years, and lacked the courage to address our nations structural problems in their power years, instead choosing to spend their excess wealth on AARP donations to find ways to get at more of the teet... "I didn't pay a penny out pocket for my scooter chair."
Just as they were protected as children, they seek to be protected as elderly... and we fully oblige them, all at the expense of the current jobless generation. As reckless baby boomers lose all of their wealth in the crisis years, throw tantrums, and seek an external enemy to blame, all Millenials will have left in the wreckage are old Xers to blame as they head off to war with China in defense of the dollar.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.