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We have a sinking suspicion we know who the ultimate winner of this particular war will be.
Via Merk Investments
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+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.
flag as awesome (1)
anon, lulzsec are the precusors to a different tangent than just a march on china/iran.
Two fronts !, glitchez
when the dollar goes there will be nothing left to defend. We will just have the realization that it is worthless. The new one will be beter managed...hopefully.
But that's my point... we have completely soiled ourselves in an ocean of public and private debt never to be repaid, and the overhang of that debt that keeps us as slaves to the dollar will eventually wither away through some combination of defaults and/or infinite printing... regardless, there will be nothing left. The government will not take the blame when the people are hungry and angry... are you crazy! They'll need a "good war" and "good cause"... the Chinese destroyed the dollar! I can almost see the recruiting posters... "Sign up to go get our gold back and Save the Dollar!"
behind all that debt is something of value? detroit, dc, blm land, mt rushmore, fracted oil shale reserves, gold???, promises-trust, cough cough.
an almighty military; fly in ointment time. saddle up for the ride!
we are totally fucked...
Debt is made up. The elite can't 'forgive' any of the debt because they are too greedy and evil. I believe we will see an icelandic scenario, before the world is somehow destroyed by fiat money.. which doesn't seem possible.
If you owed me $100,000,000,000 and I already had 600,000,000,000 in the bank, I would just forgive the debt if it made peoples lives easier.
These people get a kick as seeing the population suffer, and more so they think we are not deserving. That we are some sorts of slave, or half-rate humans, believing most of us to be degenerates and not worthy of 'their' money. It's a shame these people are so evil, but they have already had their day, and we will see their demise soon enough imo.
Hopefully we will see this credit expansion overflow to a high % of people in the near future.
Buffett's thoughts (read "BS") no longer generates any interest from me.
He's like the demented old patriarch of a dysfunctional family, nobody gives a shit what he has to say and they've all learned to hate him.
'But Buffet says gold doesnt generate any interest...
Hey Dad, Mr Bernanke sez gold isn't money. So I guess that cartoon shows how dumb the chinese are, huh? Mr Bernanke sure showed them! Oh Dad, can I have some allowance? I don't have a job yet and my student loans are coming due next month. . . . wash the car? Oh sure, right after Duck Dynasty . . .
After we send all the gold, we just do what Trajan did to get it all back. And people will remember China the same way they remember Dacia.
It sounds like that show explains exactly what to do to earn wealth. Become really good at something, start of working in your shed, work hard at it for 25 years, and become immensely successful. Seems a much better model than "be born rich", "be famous for being famous", or "become a manufactured star". Definitely better than "make money by creating debt as a banker" or "make money by spending other people's money".
"Become really good at something, start of working in your shed, work hard at it for 25 years, and become immensely successful."
The authorities tend to frown on the Ted Kaczynski model.
Money is not supposed to generate interest only be used to facilitate economic transactions....
When real interest rates are negative, zero interest looks like a good deal to me.
It certainly has my interest!
Both, sgorem. +1
To be fair one of of those guys gets hit with a brick it's gonna hurt. We just need better aim.
Bending Aldo's famous quote a little, "The assurance of possesing value is remembered long after the pain of the bar impact has faded from memory."
You Amerikans may aim well, but "In Gold we Trust".
Also, in "Goldman Sachs we trust"... to screw you and work for us. God works in mysterious ways, don't you know?
Just wait till we roll out the catapults, China.
"Just wait unitl we LAUNCH THE HELICOPTERS, China.
Fixed it for you.
So this is how Amerika fights in the 21st century: Throw money at them.
"Crush 'em with bullion!"™
What is American idiocy for $1,000?
Who is BERNANKE?
ding ding ding ITS THE DAILY DOUBLE!
I don't see any black people in that cartoon, er, I mean African-American people....or people with beards for that matter....
@Francis: Do you see anyone with an abnorrmally large, hooked nose?
Thats ´cause currency wars are wars fought by whites for white elites as opposed to conventional wars fought by blacks for white elites
How many blacks fought for your nazi's there Mr. 'GermanGuy'? All I remember are lots of blond haired blue eyed boys - no negroes.
Google N. African, Indian Waffen SS units ;)
No one is throwing Silver bars because there aren't any left!
The battle against Silver by the statists and banks owning most of the Gold is an old battle. http://en.wikipedia.org/wiki/Free_silver
We should put them all behind bars for throwing them
In other words, we should put the bars (of gold and silver) BEFORE the central bankers (and their money).
Is that the DMZ?
"Dumb 'Murican Zone"?
Lol that's damn funny. Is the bald guy Dick Cheney? If it is the guy next to him better watch his face.
I knew I should have hit post faster
Maybe it is that curmudgeon Charlie Munger...
I hate when that happens.
Is that Cheney on the right?
Soon there are going to be 50 stars on the red flag; arranged in a circle around the Bejing, er, I mean the Main star!!!!!
Hmm. Not sure about your math. I count only 38 additional stars:
Tibet, Taiwan, Senkakus Islands, Spratly Islands, Jones Reef, Aksai Ching, Arunachal Pradesh, Baekdu Mountain, Cherkip Gompa, Dho, Dungmar, Gesur, Gezon, Itse Gompa, Khochar, Nyanri, Ringung, Sanmar, Tarchen, Zuthulphuk, Demchok, Chumar, Kaurik, Shipki Pass, Jadh, Lapthal, Iedo Island/Suyan Rock, Jiandao, Kula Kangri, Haa District, Macclesfield Bank, Paracel Islands, Okinotorishima, Paracel Islands, Scarborough Shoal, Shaksgam Valley, South Tibet, Trans-Karakoram Tract
i doubt that raisin could hold a dore bar that size above his head with one hand.
To play fairly, we just move the fence 10 feet to the left.
Thats where the orchestrated "war" comes in... throwin' bars and strapped cash is the easy part, moving the fence is the ultimate strategery!
After all is said and done, everyone will say, "Hu knew?!"
The Lord of the Hosts always said never touch the pagans' gold, bitchez.
What's really funny and telling is that the cartoon had to label the Chinese flag with the word "China" on it!
Funnier still is us Americans asking what the flag is on the right. I like how the gold had to be labelled too so it wasn't mistaken for large sticks of butter.
I know what butter is, but what's gold?
Also, notice the Americans are throwing left handed... "lefties"!
Who are the Elite? Who is Goldman Sachs? Golden Rules for $1000 please, Alec.
China! I WON!!!
The Chinese side is missing a third guy to test the bars for tungsten content.
That dude would be fairly busy......
Probably half of Americans can't find China on a map. I understand if you don't know where Burkina Faso is, but China? That's a problem.
I was explaining to a friend about Turkey's geopolitical roll straddling both Europe and Asia. It was mind boggling to find someone who didn't understand that Turkey bordered both Greece and Iran or that it was located on the Black and Mediterranian seas for example. The guy had no idea that Byzantium/Constantinople/Istanbul is a mega city of over 10 million straddling one of the most strategic chokepoints in the world.
Mind boggling. Absolutely stunning how little Americans know about the world.
All that proves is that you hang out with dummies.
Send the Kardashians there, then we'll be able to find it on a map.
I remember when I was substitute teaching a middle school a few years back the youth in the class had to locate the US on a map along with 10 or so other countries. One kid asked for help to find the US. I was incredulous but then then same question kept coming which prompted me to conduct a survey of the class.
Only 1 in 32 could find the United States on a map. If they don't know where their own country is on a map, then how in the hell are they going to find Germany, Turkey, China, India, Brazil etc.?
Terrible public education and parenting. Idiots reign supreme.
He's not testing, he's inserting.
the dollar is losing Big Time...it's too strong. Exports sinking like lead with the stronger dollar as all of EU runs for safety. Ben is going to have to work overtime.
put this on the cover of WSJ, Barrons, Times, et all...and see what kind of response we get!
The currency pile on the Chinese side is a tad small for $3.3 trillion.
But Ben can print to infinity. Might need to change the drawing a lil' bit, maybe a printer spitting out bales of currency, or a helicopter hovering over the scene dropping the shit on China to their obvious harm...
Bloody Brilliant! Good stuff that.
Why is the USA throwing sticks of butter at the Chinese?
cause they tried to sell us stuff they said was butter..
Because we want them to use a lubricant.
i don't see any Chinese guys on the left....bankers on both sides??
How do you know when the game is over...and who won?
When China has all the gold and the U.S. needs a wheelbarrow to buy a loaf of bread.
Guaranteed that wheelbarrow will be made in China and defective.
The lefty throwing the gold would be Jacob "Jack" Lew, current US Secretary of the Treasury.
Ah yes, one has to wonder about good ol' Lack Jew.
A curious game, it seems the only winning move is not to play.
Debt bombs need to going off on both sides.
MAD, my fellow bitches.
keep stackin mother fuckers....
Let's see: 2,200 year old empire vs 250 year old nation of Walmart addicts? Tough call. China's number has to be up pretty soon.
and you thought Uncle Sam was the guy with the funny hat...
The current Chinese state has been around for less than 65 years. The current PRC govt has as much to do with Confucius as Obama has to do with Socrates.
Right, that's certainly an American viewpoint.
Read any 4,000 year old English texts lately? Oh, right: post-Chaucerian English has only existed for about 600 years.
I think your perspective on empire is narrow.
Well China's been the 2nd largest empire several times during human history. They've never quite made it to global leader though. My guess is that the oncoming war or economic collapse will cause the Chinese to revert to their shells and close off from the world again.
But either way the Chinese 'get' civilization more that most people. Build huge, successful societies that are eventually destroyed from within or from wars. Then repeat until the earth ends.
Me thinks China will go hard core after the collapse, and an alliance of China and the 4th Reich (formerly the EU) will attack Russia simultaneously.
The expression is "sneaking suspicion."
Or, alternatively, a "sinking feeling," gets at the same thing.
one of the best posts ever!!!
both guys at right are tossing gold bars the size of bread loaves left handed like they were rotten apples. what an (left) arm they both have!
They'd be somewhat lighter if filled with tungsten.
President of Finland: "The next world war will be fought with currencies"
Feel free to Google translate:
Everybody seems to forget that the Chinese currency is tied to the US Dollar by a leash, with the former having a peeing range.
There is no currency war between the two. They are one currency (block), similar to the Euro block.
Yuan is a colony of the US Dollar, period.
Until it is not.
The US is so behind in this game that the Chinese politicians must laugh themselves to sleep each night. They have been taking their money, from the time that they completely destroyed our manufacturing industry with their cheap labor, and have been turning it into hard assets. Land, gold, buildings, etc... They are continuing to do so. This has been going on for 25+ years.
Meanwhile, the US buys a different kind of funny money with freshly printed funny money - and they laugh thinking, "boy, we pulled a fast one".
Uncle Sam has a "kick me" sign taped on his back. Even worse, they know it but still don't know why they are getting kicked.
Considering how many new Chinese buildings I've read about collapsing or all the land they are buying in Africa(lol) I'm not worried about their hard assets.
But Bubble Bernanke said gold wasn't money.
When his paper won't buy jack, except heat by burning it, who will look foolish?
Who's practically the only buyer of US treasuries? Whoul it be Benny Shalom Bernanke and his Fed banksters?
If I were the Chinese, I'd be throwing dead pigs, not USD.
Europe throws dead PIIGS.
The only thing missing is poo
People are stupid if they think the US doesnt have a Gold back-up plan that no-one knows about. Of course they do. Sure you can watch the inventories of COMEX warehousing etc and I am sure there is all sorts of jiggery pokery going on but in the end a psychopathic state that has the balls to drop a bomb on Hiroshima, start multiple wars post WW2 and jump off a gold standard always has an Ace when s*** goes south.
Anyone read Gold Warriors: America's Secret Recovery of Yamashita's Gold by Sterling Seagrave?
That book is the reason why people need to be dead careful in betting against the US. Buy Gold by all means but just keep this fact in mind.
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