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Global Thermonuclear Devaluation
Submitted by Mark Grant, author of Out of the Box,
“Now, witness the power of this fully operational battle station.”
-Star Wars
We are all embarked upon a grand new adventure. It just hasn't been announced yet. It will never be officially announced but we will all get to play this brand new game in any event. Originally I and others had provided the name, "Currency Wars," to our new game but recent comments and subtle indications have invalidated the title.
The new title is, "Global Thermonuclear Devaluation."
Japan leads off in first position. It will devalue against the Euro and the Dollar in a significant fashion. All approved by the G-7 of course. Then Europe has begun and will continue the same process which will be followed by America. It is the second in the grand schemes with the first great foray being entitled "Quantitative Easing." One game got old, the next one got sold. You have to know when to hold or fold them.
This new plan has been devised by the hedgehogs of Davos. Devalue all of the currencies in the world against goods and services and pay a far smaller price for what is desired and needed. The scheme is not exactly friendly to commodities either. Never in the history of the world have the economies been so connected or the central banks acting in such concert to be able to pull something like this off but the bet has been made. The money is on the table.
“Only at the end do you realize the power of the Dark Side.”
-Star Wars
The outward appearance will be a "Currency Wars" game but that is just a distraction. There are other motives afoot here and deviousness and distraction are always part of great political maneuvers. This quite complex multi-tiered move is a methodology to systematically reduce the value of all of the major currencies on the planet. In the currency markets all values are relative but by a coordinated effort each currency may be reduced to new lower valuations by one following the other down in price as coordinated by the Pied Pipers of Davos. Hamelin has been abandoned.
The massive selling of gold may also figure into this equation. Gold is the alternative currency afterall so that as its price declines then the national currencies and the global currency (gold) all are valued at new and lower levels by this systemic central bank effort. The word "manipulation" does not even begin to cover this ground. There are also a wide variety of consequences here.
If Quantitative Easing is soon to be curtailed then the effects of higher bond yields and a weaker equity market may be partially defused by lower currency levels. The absolute and relative value of a currency or all of the major currencies on the planet may also have a devaluation impact on commodities so that oil, copper and other basic materials may plunge in price as currencies are lowered globally. It is a dangerous game though and never before tried so that the ugly head of "unintended consequences" could play out in ways that no one fully appreciates or understands.
“Told you I did. Reckless is he. Now, matters are worse.”
-Obi Wan Kenobi
Devaluation by fiat may also lead to Deflation by fiat and then we may well all find ourselves on the Dark Side.
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Sorry that I'm going off topic, but what ever happened to RoboTrader?
He followed the pigmen to another site.
What site?
http://www.thailovelinks.com
"The absolute and relative value of a currency or all of the major currencies on the planet may also have a devaluation impact on commodities so that oil, copper and other basic materials may plunge in price as currencies are lowered globally."
Say what? Devaluing the reserve currency will push up the price of food, commodities, gold, silver...
The only things that can deflate are RE and the stock market.
to his credit he said that after his 4th bloody mary.
Agree with Herd, how do you devalue all fiats against everything and have the price of everything go down ??? they can devalue commodities in the futures markets through manipulation like they are currently doing, but this will and always has caused massive shortages, which sends markets into turmoil.
I hear they are doing a great job of keeping the price of toilet paper down in Venezuala....just one slight problem they are having...
at least we own the death star.
We're all... at any given moment... one FAT FINGER from oblivion...
Vader's retort:
"Don't be too proud of this technological terror you've constructed. The ability to destroy a planet (currency) is insignificant next to the power of the Force (market). "
Davos
Swiss for "Den of Thieves".
That Death Star... you didn't build it
I assume, all commodities are "fractionally reserved" sold like Au/Ag and are leveraged to the hilt. In the mainstream world of a parrot media and an intentionally dumbed down populace, paper commodities (derivatives) are treated as the real deal. It would not be the actual commodity leading the price lower in todays circumstances and in regards to a deflation. It would be a deleveraging of the paper commodities that drive prices lower until the point when the individual commodities would diverge from the leveraged paper as the dummies are forced to realize that you can't eat paper corn flakes.
He needs to put down the Bong when he writes these articles. My friend just got back from japan...thought he'd save money by buying some fruit and cheese and bread and sit in the park with his wife instead of going out to one of those Kobe beef places for $600.
WRONG!
The apples were $55 apiece!...imported Cheese $120 a pound.....
When I was over there a few years ago you could still grab an apple for only $42....my, oh, my.....
55¥, you surely mean? Only the 0.01%ers can afford real $55 apples.
down-arrowed for sloppy usage of currency symbols.
You need the sentence before the one you posted to make sense of his point, "If Quantitative Easing is soon to be curtailed then the effects of higher bond yields and a weaker equity market may be partially defused by lower currency levels." Not defending him, but I think he is saying that as soon as you pull the support (end coordinated easing) you will face deflation. I agree with this. Whatever easing comes prior to the pullback will be unimportant... Deflationary collapse would be in the cards. I don't think we will get there. We will ease our way into WWIII.
Herd, true enough, BUT: When the same people controling the currencies at the same time smash commodities, then they can keep the game going.
Yes, how exactly a general devaluation of ALL currencies is going to cause DEFLATION ?
Against WHAT are these currencies going to lose value ?
It appears that even the smartest economists have a problem with logic.
That's one reason why things are so FUBAR... and hopeless.
of course the plan is to devalue against the chinese remimbi, indian rupee, etc etc
to try stop the outsourcing, how? by just buying the 3th world currencies by the truck-load.
Shhh...He will come back....
To star in Return of the Fedi
Or will he be Jar-Jar FINKS?
"Fedi"
+1 That's good, really good.
May the Farce be with them.
He caught the last train for the coast.
The day the market died?
So...bye bye Miss American Pie
Drove my Government Motors Chevy to the levee but the levee was dry
Them good 'ol boys were drinking whiskey and rye (currency now in this age)
Singing this will be the day that I die.
The sun will set for you too.
http://silverdoctors.com/hkmex-to-cease-trading-will-close-out-cash-sett...
Get ready....
if true...
South China Morning Post says there only 200 outstanding contracts to be settled, so the potential issue would appear to be one of resonance.
the Tylers like to use puppet accounts that represent the common CNBC follower, both as comic relief and also to show us the mainstream view as a contrasting point of view.
What used to be RoboTrader is now MillionDollarBonus... until people stop reacting to it, then a new one will appear.
When did people stop reacting to Robotard? Your reasoning is weak.
Not to mention, there's been several versions of MDB, but not many notice.
Fer the MF LULZ, as they say.
MDB is only comic in the context. Go figure.
anyone could take his role, just we have a need here does
not implicate Tyler's implicit conduct.
Conspiracies everywhere.
doc kruggerand?
I am RoboTrader, no wait it's Sunday I'm Sarah.
I'm confused? (My normal state.) Are we talking about the Overclass here, huh?
Instead of reading 0hedge this weekend, you could have read a truly intellectual book, Lance DeHaven-Smith's, Conspiracy Theory in America --- well worth the mental effort!
“Told you I did. Reckless is he. Now, matters are worse.” --Yoda
nice hair doo. "there is only one master of the ring........and he does not share power." http://www.youtube.com/watch?v=p1Vyhve9gtg let alone wealth. since clearly the USA's wealth is not contained (massive trade and budget deficits going on 40 years now) one must assume that the existence of both is not a secure basis for creating and holding wealth. i would argue therefore that value of those who do such activities is in fact rising strongly in value in both real (as in empirical or "where's my money bitch") and virtual (as in those who create secure and verifiable communications systems) terms. this is an attempt at creating an objective view of course...and i apologize if it seems objectionable. this nation is not poor however...and those of means (mostly largely corporations...at some point some rich folks i imagine) will most obviously make their first "object of desire" the securing of said very real money/profits. since the Government has determined that return on cash is to be nil and indeed vis a vis Cyprus that savings itself is to be confiscated (the ultimate form of devaluation) well, hey assholes...i get paid in dollars not gold. don't tell me that something that increases the value of the paper i'm being paid in is somehow bad for me.
Central Fucking Bankers Suck --Emmit Fucking Fitch
These are not stupid people. They are doing what is forced upon them. If they do not print, the money supply contracts via the massive defaults of mortgages and other debt. Deflation sets in and people die.
Now, they may die anyway, but the strategy is to buy time -- because buying time used to solve problems. It bought time for miracles to occur.
In terms of immediacy, the US cannot allow Japan to print their way to $9000 Camrys. The Obama showcase GM cannot compete with a $9000 Camry and would be destroyed. The yen is going to start to see central bank support from other countries soon. And that is how anger gets started.
At 9k for a Camry I will have mine gold plated!
Enjoy your Toy Yoda then
http://laughingsquid.com/woman-thought-she-won-a-toyota-not-a-toy-yoda/
Japanese cars pretty much never come from Japan:
"Toyota Motor Manufacturing Kentucky, Inc., (TMMK) is located in Georgetown. Engine manufacture - 2GR-FE and 2AR-FE. Vehicle manufacture and assembly - Camry, Hybrid Camry, Avalon and Venza."
BigInJapan,
Correct. Hondas are made in Ohio. M-B SUVs are made in Alabama. BMW SUVs are made in Carolinas. Closed to intended market and some hedging against currency swings.
Toyota trucks made in Texas. (They are silly little 1/2 ton wannabe girlie trucks).
also known as tacticals. these girlie trucks are intended to mount a chain gun.
Real men drive diesels.
Real men drive these: http://ronveenstra.com/images/588/largestlandvehicleevar.jpg
Toyotas used to be known for holding their value. This will have a lot of owners peeved.
Make mine a Lexus , please.
to that guys point the banks are using free money to buy assets in the open markets while at the same
time the fed is putting all the mbs and other junk the banks have on their books on the feds balance
sheet to be paid off by the us tax payer along with the looting of we the peoples savings through devaluation.
at what point do we the slaves call it treason?
Obviously NOT today!
Buying time used to solve problems??? WTF
Go to the doctor, find out you have cancer....and just sit back and wait....it will go away, in time.
When you die, the cancer dies.
Mission Accomplished!
Same here...no doctores needed on my demise...
I'll buy five of them if they do get to 9k
Just waiting for the Japanese bond market to implode. Then there will be unintended consequences. Meanwhile the printing orgy, global stock market inflation and gold deflation continue unabated. Every virtuous cycle ends with a vicious cycle.
..."global stock market inflation and paper gold deflation continue unabated."...
"Fix" is "in".
"I find your lack of faith in the Fed disturbing."
-Helicopter Ben Vader
"When Greenspan left, I was but the learner. Now, I am the Master."
"I am your Father" Bush Sr to Obama
Yes
No
So do we begin the impeachment process to remove the powers from an elected President who's not representing the voice of the American people?
Not if you want to follow the Constitution, which specifies high crimes and misdemeanors as the only causation for removal.
There is no felony evidence whatsoever.
Knowingly using forged documents for starters. The list is long, and the media masters have taught you well. Just some Star Wars lingo in honor of the thread.
The word "Misdemeanors" is in there for a reason......
Swearing to uphold the Constitution and not doing so is AT LEAST a misdemeanor.
Lying under oath....is AT LEAST a misdemeanor.
Dereliction of duty is AT LEAST a misdemeanor.
Shall I go on?
Hmmm. No felony whatsoever. I suppose using Executive agencies such as the IRS to intimidate political opponents is not a crime. Neither is running guns into Mexico and supporting one cartel against another. Nor is reading e mails and listening to all electronic emmissions by the NSA a violation of the Fourth Amendment. Nah, no crimes here, just move along.
These Obama diciples are just loons!
My question for the Obama-nuts: "If it is OK for Obama to do this, how would you feel if George Bush was Prez again and did all this crap?" Or any other Non Democrat?
"Carefully answer, for the future defines it does."
Bush did the same things....9/11, Patriot Act, Iraq and Afghan Wars, etc...
There is only one party running the USA and that is the Bankster Party and the corporate thugs that are in bed with them (MIC).
Obama is the logical extension of much of what Bush did, but in overdrive, and with galling cynicism and bitterness. And Obuttfuck is committed to expanding dependency as much as possible.
The real powers behind American politics realized how sick Americans were of Bush and anyone like him. Answer to the problem? A slick Black Man who can dupe the liberals and dupe the moderates and dupe those sick of Bush. Have the new "Black Bush" talk a good game and when he gets elected he can pull the "bait and switch" rule like a man to the right of Nixon and Reagan. Follow the Bush agenda pretty much point for point as it regards military and corporate and banking interests.
The people bought it, and even re-elected the "Black Bush". The Power who rule are very smart, very clever. While they call Obama a socialist and liberal commie in public, they know in reality they will get 99% of what the elites want and 1% can be feed to the liberal dupes who think gay marriage is more important than the Federal reserve or the Patriot Act. Silly fools!
Exactly. But wait until "we" start getting Obama fatigue... Someone is going to have to come in and clean up the corruption, no? AP and IRS scandals are just the beginning. We will be conditioned over the next couple of years to beg for our next fascist president.
Well said, JB, well said.
I've seen lots of people who despised Bush and ended up liking Obama because he's a smooth-talking sorta black dude who keeps chanting the same illusory words over and over again. None of his misdoings matter. In fact, the factspeakers will be scorned upon when speaking facts that *gosh* go contrary to the TV narrative.
"In fact it was close to a real fallout
everything's under control
the speaker said with a serious smile
behind his mask
he knew the truth
I'll bring a new age of better ways
the TV preacher said
just pay today
pay today"
Truly, Born in a Mourning Hall.
If we could talk tough like you English men we had a queen
and be pleasured by new colonies established.
@Bay of Pigs
You're exactly correct. Bush and his "brain" Cheney should also be tried for violating their oaths of office and introducing all of the hogwash such as the "Patriot" Act and for placing the NSA on the path to Stellar Wind.
Problem with IRS machinations is the assumed guilty accuses with no recourse, turning civil conduct up side down. Plain daylight robbery and no excuses given.
What if we DON'T want to follow the Constitution?
“Told you I did. Reckless is he. Now, matters are worse.”
-Obi Wan Kenobi
No that was Yoda. Backwards Obi-wan talk did not!
"A Jedi must have the deepest commitment, the Most serious mind."
Quite the dweeb, Mark Grant is.
Warned you I tried. Listen you did not. Now screwed we all are.
There is no try.
That was GOOD!
what was good? the trying or the word smithing? i'm kinda down on the whole Empire thing lately anyways....
OK - somebody obviously needs to set up an account here for Yoda. Friggen hilarious.
In the new Disney Star Wars Universe, the Empire are the good guys.
When I first looked at this headline I thought we might get exposure of how the Fukushima radiation is slowly killing all of us within the global wind patterns that carry those wonderful cesium atoms.
Oh well; someday.
Were you planning to live forever?
Qui-Gon Jinn: That is the sound of a thousand terrible things headed this way.
Why were people transfixed by Star Wars? Because it had - currency.
Well, slave Leia in the gold bikini certainly peaked my interest in precious metals.
http://images6.fanpop.com/image/photos/34200000/Slave-Leia-princess-leia...
It piqued and peaked mine.
So does this mean the end is near, or are we just starting on the next leg of the adventure?
As in Star Wars we may know the end of the story before the beginning.
"Iran has hanged two men convicted of spying for Israel and the US, the authorities there have said.
Mohammad Heydari was found guilty of passing intelligence on "security issues and national secrets" to Israeli Mossad agents in exchange for cash.
Kourosh Ahmadi was convicted of providing intelligence to the CIA, Tehran's prosecutor's office said.
Iran has repeatedly accused Israel and the US of carrying out covert intelligence operations."
http://www.bbc.co.uk/news/world-middle-east-22586238#sa-ns_mchannel=rss&...
And found on GATA.org (people around the world are dying for dollars it seems they never learn):
Maligned dollar flourishes in Venezuela"“The only way your savings are really savings is by turning them into dollars,” said Fernando, the black-market dealer. “If you have them as bolivars, they will devalue so utterly fast that there’s just no point.”"
http://www.washingtonpost.com/world/the_americas/maligned-dollar-flouris...
The key word being 'convicted'. Even the Iranians don't just throw suspected spies directly in prison and chuck away the key.
No it's just election protesters and civil liberty & anti-establishment types that get disappeared (just like everywhere else). Spies get generally get trials (or at least press reports of trials) everywhere in the world because the local PTB value the PR from "trials" and "convictions" to promote their ambitions and discredit their adversaries.
Were a long way from playing tic tac toe with the W.O.P.R. Where's Lightman and Falken when you need them?
Sadly, Professor Stephen Falken is dead.
...But he was pretty old, he was forty-one.
just watch those japanese yields. If they keep moving up the UST yields will keep moving up. That will force even more printing by the fed and boj.
They are stuck.
the only way i see those yields coming down are by crashing equities and hoping that money buys bonds.
Goldilocks is coming to an end soon. time to choose between stocks and bonds. They will choose bonds. we still have a bit to go before people realize neither one is the place to be.
Global dominance is tha game Bankstas is their name. Have to try an think strategy who gets to keep $$ reserve status. This a hands down no holds barred fight to the death, global smack down. Iam gettin stacks of shinny yellow metal lots of popcorn an kick back an see how she plays out ;)
Since we are on a Star Wars theme thread we can interpret the title to be Yoda speak ~ the thermonuclear (war) will follow the devaluation in normal speak.
bernanke has his mercedes warmed up and is about to leave and his closing remarks will be " I bought us five years. you guys are on your own now".
On Ben Bernanke's last day in office, 31 January 2014, he will be on the last chopper out from the roof of the Marriner S. Eccles Federal Reserve Building, 20th and C Streets, N.W., Washington, D.C., while rioters all around besiege the building, seeking those Last Dollars in America.
Bernanke's helicopter will be rumoured to have headed toward a ship in the Chesapeake Bay or off the Virginia seacoast, but Bernanke himself will never be heard from again, and his fate will remain a mystery
"Resident Evil" meme?
BenDover as (M)Alice?
Resident evil indeed, thanks
mate.
Will he be pouring dollars from his chopper like he promised?
And then his next remarks will be, "Holy shit--there's a potato in the tailpipe...and someone has pulled the fuse for the windows and door locks!!!"
Gold to $1320 for the shorts by Monday morning?
How will the closing of HKMEx play in here? Does it even matter?
since this is a real world market question the answer to your last question is easy..."yes it does matter." indeed, very much so. there are large...in fact MASSIVE cash balances that are being spent "over there" and indeed "need to be spent." are they being spent on gold? not really. the bulk if not totality going on thirty years is spent on tourism, real estate and electronics. these folks aren't stupid...they rode the "land wave" from 2001 all the way to the present and have made a fortune in so doing. obviously the massive amounts of liquidity "forwarded" by the Banks in that region for said purpose has been oriented for said purpose. is there a "plan" to purchase massive quantities of gold? sure absolutely. but it doesn't appear to be working as the price is collapsing (a 33% correction in price from peak to trough is a market crash actually and if your long and leveraged once you cross the 30% threshold on the downside it's time to hand over your collateral) and in the meantime you've missed an almost 150% rise in equities "so you will pay" or obviously be left out of "the Greatest Show on Earth." in other words "if over the coming weeks and months gold declines to under a thousand an ounce and price wars start breaking out everywhere"...well. absolutely that's a big deal. Absolutely that does matter. again i will be watching VERY closely what Detroit has to offer this fall. with a soaring equity price for Tesla "time to get in the game" phuckers.
"...in the meantime you've missed an almost 150% rise in equities "so you will pay" or obviously be left out of "the Greatest Show on Earth.""
And being left out of the Greatest Show on Earth means what, exactly?
You've taken the RedPill, and left the Matrix?
“This will be a day long remembered. It has seen the end of Kenobi, and will soon see the end of the rebellion.”
british pound to par ? cash on the sideline for now
The new titles is "Know thy Winkelvii"
http://tradewithdave.com/?p=16662
"This is the end, my only friend,... the end!" (The Doors)
https://www.youtube.com/watch?v=aGmAmJFUvzM
Jim Morrison of the Doors was a Military-Industrial Complex child serving the CIA
The Gulf of Tonkin 1964 false flag 'attack', an incident that never happened, was faked under Jim Morrison's father, US Navy Admiral George Morrison, to start escalating the US - Vietnam war after JFK had been assassinated in part because Kennedy wanted to withdraw
Admiral Morrison's young son, Jim Morrison, had no musical interests ... and as the Vietnam bloodshed increased, he 'accidentally' wound up in Laurel Canyon, Los Angeles, with many other children of US military and CIA intelligence agents ... and they all, very curioiusly, started big hit rock bands pumped by the media ... The Doors, The Byrds, The Mamas & the Papas and many others
Young Jim Morrison's role for the CIA, was to help invent the US 'counterculture' movement to discredit the antiwar and pro-worker movements, and to get America's youth hooked on hedonism and drugs ...
Re Laurel Canyon and how all those 'great 60s music groups' in America were military and intelligence agency children, the best expert is David McGowan -
Here is the photo of young Jim Morrison of 'The Doors' with his dad, Gulf of Tonkin warmonger and murderer of Vietnamese, Admiral George Morrison, on the deck of the USS Bon Homme Richard:
http://www.davesweb.cnchost.com/nwsltr96.html
NALOPKT
While the means have changed, to some extent... After all, fiat has become digitized, and central banks appear, at the moment, to be exercising an improved control over the velocity of money... The game is the same as it has always been...
At the local carnival it is called hide the pea... the casinos have their slots and roulette... Governments have their bonds and banks have their derivatives... btw, years ago when I was still new to this game and uninitiated... what did someone write the other day? Oh, to not know now what I didn't know then... I asked a banker associate to explain the derivative market to me... He said I would never be able to understand, but I talked him into an explanation anyway... When he was done I replied... that is not investing it is just gambling... He said, I told you that you wouldn't get it... low echelon bankers are such true believers...
But the game has not changed in thousands of years... Get someone to give you something of value for nothing in return... This, short of true capitalistic enterprise ( which actually creates wealth) has always been the path to riches...steal from others while the suckers are too busy being productive to notice... There is no mystery to it, and it always ends the same way. The hunger of the parasites increases to the point they either kill the host, or the hosts kills them... Either way the system comes to an end...
IMHO... And to add yet another metaphor to the mix... Best to be sitting down when the music finally grinds to a stop....
What the IRS is to the POLITICAL CLASS, the MARKETS are to the BANKING CLASS................everyone else is just a pawn.
"More than 8,000 French households' tax bills topped 100 percent of their income last year, the business newspaper Les Echos reported on Saturday, citing Finance Ministry data.
The newspaper said that the exceptionally high level of taxation was due to a one-off levy last year on 2011 incomes for households with assets of more than 1.3 million euros ($1.67 million)."
http://www.reuters.com/article/2013/05/18/us-france-tax-idUSBRE94H0AX201...
L O fucking L
First Japan devalues, then Europe, then America. Which begs the question:
"Who's more foolish: the fool or the fool who follows him?" - Obi-Wan Kenobi
Devalued first America was.
Since 1913, on a tear the US has been.
"Devalue all of the currencies in the world against goods and services and pay a far smaller price for what is desired and needed."
This is the complete hogwash. If you devalue a currency, goods and services become MORE expensive in that currency. What Grant is alluding to is the withdrawl of CAPITAL, such as when the CB's acted prior to 1929. This crashed the value of goods and allowed them to be bought up for pennies on the dollar.
You can crash the market and withdrawl liquidity as well. Then buy it back on the cheap. This can be accomplished with leverage, both short, long and fueled with algos.
However, the West is no longer in possession of free capital. It is all collteralized debt thousands of times over. You cannot withdrawl debt from the system without a jubilee- and in that case, the holders of debt are the ones that lose. The banks don't lose.
The bankers must target the only remaining sources of capital- land and pension wealth. This is what bail-ins are all about, along with their sister- taxes. If you can collapse an economy through transfers and blame it on goverment largess for "The People", you can seize their assets in return for the credit extended to pay for all the things they voted for and supported.
Please stop printing this crap fom Grant.
goods and services are SUPPOSE to be more expensive. "tis an axiom" no? obviously we had 2008 which was a "market clearing excercise" of global proportions. now the Bankers are getting what they want namely "growth with no inflation and gold on sale." game, set, match...
They pay a smaller price because it is free to print the money. The greater price would be to pay in todays fiat valuation. The higher price is also loss of trust, loss of position (politicians), loss of respect, loss of systemic integrity.
+1
I thought the article went in a complete circle actually. So any moment now we will see the Lord swing his terrible swift sword and we will have a mix of the dirty thirties and the Weimar Republic all at once and locusts will eat out your eyes. You can't go up and down at the same time.
All the prognosticators here and everywhere are talking circles around themselves and it gets tiring. I'd like to see some people who have the knowledge and the cahones to make a prediction with some kinds of new information backing it, with some half-firm timelines. The prophets saying hyperinflation are right around the corner, (just wait for it) are getting a little crowded on Speakers Corner. If I wanted to prepare for the Kingdom of God I could read the book of Revelations.
I will be the first to say that I don't know enough about the system to make a firm prediction, so for my part, I'm here to learn from people who can contribute some strong articles that add new and enlightening information.
"You can't go up and down at the same time"
Well, you can, sort of. It depends on the type of asset class. Check out: "Biflation," where debt-based assets plummet and necessary, cash-purchased goods, soar.
"...the holders of debt are the ones that lose. The banks don't lose."
Only if they don't hold any substantial amounts of those debts.
Or how did this turn out last time, as the housing bubble burst?
the purpose of beggar thy neighbor policies is positioning your economy in the import export market. the us wants cheap imports, so it sells jobs to the chinese, who are willing to compete with other third world countries. as long as everyone doesn't want the same thing, and the market on one side doesn't get too crowded (too many countries wanting cheap imports, too few countries wanting export market jobs) then the can should continue to get kicked around the globe. technology works in such a way that no one will have a job, and of course without income there are no consumers. as long as Bernanke can print money and the USG can get that money into the hands of US consumers, [through welfare packages, mortgage health and food stamps] the bias is to a strong dollar. this is the existing arrangement, and we're really a long ways from testing the limits. if you want to imagine the stock market and the economy as a single thing, think of 2000 as the year we started to roll over. there's a long slow topping process in the global economy. everyone is conditioned to think there's another bull market out there. never again
Agree with what you wrote, minus the "a long ways testing the limit". Each "next step" that the fed undertakes must be larger than the one before it. But I don't think the political climate will allow for that, unless it looks like something different from what it looks like today (WWIII, for example). The "all bets are off" event that would would be necessary for the continuance of the charade will make things "different".
i recall day one of the TARP saga, and the AMERICAN people are against this. then USTsec Paulson made veiled threats to the Congress, and most of them capitulated, and a fewe days later the polls showed the American people were now in favor of the bailouts. i could see how they could intimidate our representatives, what scares me is how quickly they turned public opinion around (if they did and i think they were willing to say anything, the media would have gone along with this for national security) and as each next step has be more extreme, (and is usually based on pushing the ethical and legal limits in the previous instance) that they have already pushed the propaganda button, so if you relying on the media to create a patina of democracy across the land, forget it. a few hundred million people on facebook never see past a few connections. and of course the media will pay people to troll the dissidents, at the government insistence on nat security. not only can they do anything they want they can tell you what you think. you're only choice is to opt out. and the south shall rise again.
May the Farce , be with you. - Obi Ben Bernanke
what happened to Mark Grant?
Has he gone from anti-statist Euro bashing, castigating defeatist symptom of effete socialisation of west... to all out Oligarchy bashing, now focussing on corrupting cause, realizing that this construct is virally one way bound, perpetually Armageddon obsessed, fatally inclined towards self immolation by its own haunting and forever daunting nemesis, history's blind leveller over time whatever the crime, irrespective of blood line ?
Has the penny dropped and Pax Americana's true face now emerged for what it is ? ...Agememnon calling to launch a new crusade; one more time, and against the non existent threat of rogue empire, the ants brigade, creepy crawly jihadi insects of third world mutant rage, awesome Paki-Afghan-Bengladesh-Mali-Syria-Libya-Egypt-Gaza regresson fed on "divide and conquer" template of Balfour declaration and Saudi handshake sleight of hand in oil kingdom's garden of Allah-Eden; all concocted in first world rampant, hegemonial hubris. Take no prisoners if they be terrorists.
We are faced once again with this eternal question of what civilization is...
"You are either for us or against us"...now the only song in the wild west that reproaches the East to have become its mirror opposite; the wild east.
That's what you need as propagandist creed to appease your fear of losing it all, to thus belatedly rekindle the heroic traits of your own food stamp and porn sex demobilised breed : a Hector in Troy to rally the west around Helen's sacrificial image, and launch the thousand ships to save civilization.
We now need a bogey man so badly. Recurrent corruption of mindset. Never mind if he is Arab, Iranian, African or Chink; even rogue European; anything will do to keep empire from imploding.
Civilization is now a perpetual motion machine fed on technology, fear and greed. We have to stay kings of this ant hill; simple as that.
I'm looking forward to Star Wars "Into the Darkness" too.
Well done.
Some nifty infomercials on the T.V. today; in fact, almost all that is on T.V. today are inane infomercials for shit that people don't need.
To maintain and further our "Brave New World" - alternating operant and classical conditioning must be employed until the rats in the maze don't think but only respond with the desired behaviors of the researchers.
The control and manipulation of money, capital, and assets is vital for TPTB to keep us scurrying rather than escaping or biting their fat greasy fingers.
Civilization is your choice to deal with me through voluntary exchange rather than force.
"If Quantitative Easing is soon to be curtailed"
Rave on.
Will do! http://www.youtube.com/watch?v=0IUV-QxwlRM
Plant a seed. Print money.
“Devalue all of the currencies in the world against goods and services and pay a far smaller price for what is desired and needed.”
“The absolute and relative value of a currency or all of the major currencies on the planet may also have a devaluation impact on commodities so that oil, copper and other basic materials may plunge in price as currencies are lowered globally.”
I don't know if these statements make sense to anybody, they sured don't make sense to me. Devaluation of a currency means you pay less for things with that currency? If this isn't a new normal? Maybe I missed somehting.
Well said.
Glad to see Mark's keeping up his theme of quoting other people's work without understanding what the hell he is talking about (like attributing Yoda's line to Ben Kenobi).
Mark, for the love of all that is holy, stop trying to quote things; YOU SUCK AT IT!
Red Toilet Paper for Venezuela .... so how does the little one signal she's on the rag ?
"Do not wait to do it later... do it NOW!"
mark,
to devalue the currency - GOLD will have to be revalued UP...(simple this has been done before when they revalued GOLD from 20$OZ to 34$ oz ala 1930's)....by devaluing all currencies, AND GOLD - by implication - there is a plan to save the US DOLLAR HEGEMONY - so the US DOLLAR gets much stronger against all forms of currency- including gold and silver.
this plan - is more of a plan to save the DOLLAR - than anything else.
remember that BRICS are moving to unhinge themselves from the US dollar RESERVE use - that is why this plan is daring - it is a move to counter the BRICS.....
difficult to imagine Germany going along with this plan.
Palpatine came to power by inducing the symbol of good (Amidala) to request a vote of no confidence in the benign but incompetent Chancellor (Valorum).
I have often wondered, if all the scandals eventually brought down our form of govt, are there enough strong, courageous, intelligent, and far sighted people to insure something better comes into being or will it only be worse than what we currently have...
(EDIT: ENSURE, not INSURE)