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"We're Living Within A Money Bubble Of Epic Proportions"

Tyler Durden's picture


Submitted by Adam Taggart via Peak Prosperity,

James Turk believes the time we live in now will be studied by future historians for generations to come. Just as we today marvel at the collective madness that resulted in the South Sea and Dutch tulip manias, our age will be known as the era when society lost sight of what money really is.

And as result, the wrong kinds of wealth -- today, that's mostly financial assets -- are valued and pursued. And just like those bubbles from centuries ago, when the current asset boom goes bust, the value of paper wealth will vaporize. 

In contrast, those holding tangible productive assets or real money will fare much better on a relative basis.

James and co-author John Rubino (of have recently published a new book covering the details of this prediction called The Money Bubble: What To Do Before It Pops. Within it, they delve into the reasons for why the world is destined for what Ludwig von Mises termed a "crack up boom":

Wealth comes in two forms.  It comes in financial assets, bonds, and T-Bills, and things of that nature, and it also comes in tangible assets: real estate, oil wells, timberland, farmland, houses and things that are tangible. And when you’re in a financial bust – and we’ve been in a financial bust since the dot-com bubble collapsed back in 2000 – what you want to do is you want to be involved with tangible assets and you want to avoid, as much as possible, your involvement in any financial assets.  So, consequently, what people should still be focusing on, even though we’re 14 years into this bust, is continuing the accumulation of tangible assets.


Because when this bust is over, promises are going to be broken left and right.  And that means financial assets where you have counterparty risk where you own an asset, the value of which is based on someone’s promise – a lot of those financial assets are going to be diminished in value.  Now, there’s a special kind of financial asset called a stock in a company.  It’s almost like a tangible asset in the sense that if you own stock in EXXON, you’re basically owning a tangible asset, because it’s involved in oil and it owns tangible assets all over the world.


But then, there are financial stocks, credit-card companies and banks, that are financial wealth rather than tangible wealth.  So, you don’t want to own stocks in those companies.  So, basically, own tangible assets or stocks in companies that are involved with tangible assets – those stocks, I call near-tangible – I think that’s the thing that everybody should be focusing on.


And when it comes to money and liquidity, the money, of course, would be physical gold or physical silver or a combination thereof because they will re-emerge in the historical and traditional role as money.


Keep in mind, gold’s been money for 5,000 years.  It was made money by the market.  Money comes from the market.  It doesn’t come from the government.  Over the past century, government’s certainly usurped that authority to control money.  And over the last 40 years, they’ve gone even further afield by completely divorcing fiat currency from the gold that used to back money.  And because of the time element that’s involved, we’ve lost sight of what money really is, and that’s what’s created the money bubble, Chris.


And it’s this money bubble where people have to come back to reality as to what money really is.  It’s liquid, tangible assets being used in the economy in exchange for real goods and services.  And it’s ultimately where we’re going.  And I think it’s going to be very, very disruptive because if you look at an individual country like Weimer, Germany or Zimbabwe more recently, or what Venezuela or Argentina are going through now.  You can see the disruption to the economy when the money is no good.


We’re talking here about fiat currencies throughout the world because nobody’s tied to gold anymore.  No country’s currency is tied to gold anymore.  So this is going to be the bubble, I think, that generations from now, hundreds of years from now people are going to be talking about just like we talk today about the South Sea Bubble or the Mississippi Bubble, from those episodes in history a couple hundred years ago.

Click the play button below to listen to Chris' interview with James Turk (35m:26s):



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Sun, 01/26/2014 - 18:33 | 4369240 So Close
So Close's picture

No shit.

Sun, 01/26/2014 - 18:34 | 4369245 CPL
CPL's picture

China just closed all bank transfers.  Good luck on Monday everyone.

Sun, 01/26/2014 - 18:41 | 4369258 Skateboarder
Skateboarder's picture

Ho Li Fuk!

Sun, 01/26/2014 - 18:48 | 4369276 onewayticket2
onewayticket2's picture

We are not in Cyprus anymore...

Sun, 01/26/2014 - 18:51 | 4369283 kaiserhoff
kaiserhoff's picture

Op Sheet Kreek.

Sun, 01/26/2014 - 19:08 | 4369340 Dick Buttkiss
Dick Buttkiss's picture

If you want your bank transfer . . .

Sun, 01/26/2014 - 19:09 | 4369344 kaiserhoff
kaiserhoff's picture

you solly out of luck!

Sun, 01/26/2014 - 19:20 | 4369364 reload
reload's picture

In the UK we have to pay our tax bills next week.

Perhaps we will be unable to with a seized banking system....?

Perhaps the chinks think they have enough gold now....and on the 2nd

Announce a floating gold backed currency??

May bee they have pledged all their T bonds to Africa in exchange for resources?

Perhaps they are simply ready..?

Or just fucked.

Good luck to all next week and beyond.



Sun, 01/26/2014 - 19:42 | 4369405 pFXTim
pFXTim's picture

"chinks", what a lovely expression.

Sun, 01/26/2014 - 21:40 | 4369815 Jimco
Jimco's picture

Dennis Leary gave Political Correctness a well deserved middle finger of common sense.

Rescue Me - Sensitivity Training

PC hack - "the word chink, is what I like to call a problem word"

Sean Garrity - "if I were a chink, I think I would rather be called a chink, instead of gook"

Sun, 01/26/2014 - 21:54 | 4369855 pFXTim
pFXTim's picture

Apparently you're of the belief that calling someone a "chink" falls under the domain of political correctness? I'd consider it belongs more in the realm stupidity, or perhaps at best a lack of class/decency, but perhaps that just me. Let me ask you: how do you feel about someone calling you dumbass?

Sun, 01/26/2014 - 22:04 | 4369879 Jimco
Jimco's picture

gee... I don't know, why don't you tell me how you've handled it in the past

Sun, 01/26/2014 - 22:07 | 4369904 MrPalladium
MrPalladium's picture

Why is it that when Whites think up a one syllable word to refer to other races that new word is always considered an insult?

"Chink" is merely descriptive. It has no negative connotation. It is a one syllable word that is more convenient than "Chinese"


Mon, 01/27/2014 - 00:55 | 4370302 Muppetrage
Muppetrage's picture

The worst person to lie to is yourself.

Sun, 01/26/2014 - 22:28 | 4369935 thestarl
thestarl's picture

How about slope head that ok who cares

Mon, 01/27/2014 - 02:53 | 4370469 Terp
Terp's picture

Of course chinks don´t like being called gooks, since that refers to koreans. Chinks don´t like gooks.

Mon, 01/27/2014 - 01:24 | 4370349 jonjon831983
jonjon831983's picture

dunno... but maybe someone will tell round eye go home?

Sun, 01/26/2014 - 19:43 | 4369406 TruthInSunshine
TruthInSunshine's picture

News Headline Summary

PBoC has ordered commercial banks to halt cash transfers

- There will be a three-day suspension of domestic renminbi transfers. There will also be a suspension, spanning nine calendar days, of conversions of renminbi to foreign currency.

Full article:

*So many COINCIDENCES lately.

Sun, 01/26/2014 - 19:49 | 4369416 kaiserhoff
kaiserhoff's picture

I brame imperialist yankee yellow dog...

  oh wait.

Sun, 01/26/2014 - 19:57 | 4369434 akak
akak's picture

Same as always, fault lies in US 'american' citizenism blobbing-up the bubble-making means while offuscating the scraping of the Chinese goat, manifestering the eternal consumptionalizing 'american' parangong nature.

Make me laugh.

Sun, 01/26/2014 - 20:09 | 4369473 remain calm
remain calm's picture

We are good, we have Obama and Yellen, nothing to worry about over here in the USA.

Sun, 01/26/2014 - 20:38 | 4369590 mt paul
mt paul's picture


Sun, 01/26/2014 - 18:55 | 4369297 tallen
tallen's picture

Sum Ting Wong!


Sun, 01/26/2014 - 18:42 | 4369260 Seasmoke
Seasmoke's picture

THIS IS SERIOUS NEWS !!!!!!!!!!!! WOW !!

Sun, 01/26/2014 - 18:54 | 4369294 kaiserhoff
kaiserhoff's picture

Katie, bar the door.

Hell's Bells.  This time she did.

Sun, 01/26/2014 - 19:01 | 4369317 Ineverslice
Ineverslice's picture


Uncle Billy...He's your man!!!

Sun, 01/26/2014 - 19:34 | 4369395 Tall Tom
Tall Tom's picture





It just another Banking Holiday

We're out of cash so now you just go away

And enjoy your Holiday.

Sun, 01/26/2014 - 18:47 | 4369271 Keyser
Keyser's picture

That notice is rather ominous. Systematic maintenance is halting FX conversions for 9 days. Something doesn't smell right. 


Sun, 01/26/2014 - 18:49 | 4369280 maskone909
maskone909's picture

If u peeps havent got ur pm's yet best do it quick

Sun, 01/26/2014 - 18:48 | 4369281 El Vaquero
El Vaquero's picture

They know there is going to be a rather large default on Jan 31 and are trying to stop systemic contagion and bank runs.  

Sun, 01/26/2014 - 18:56 | 4369303 kaiserhoff
kaiserhoff's picture

Well, they got everyone's attention;)

Sun, 01/26/2014 - 19:04 | 4369311 Skateboarder
Skateboarder's picture

It pains me to turn on the cable television, but let me see if any of the news outlets are reporting anything.

CNN: "Who should pay to keep brain-dead mom alive?"

FOX: Obama says "it's our generation's task to reignite the american productivity" or something like that. It actually sounded reasonable, but coming from his mouth, complete horsefeathers.

ABC: Gas prices are rising.

Okay. Business as usual.

Sun, 01/26/2014 - 19:06 | 4369334 Ineverslice
Ineverslice's picture


Runs in China will be epic!

Those lines at the train station during New Year's Migration....Childs play.

I want to see it.

Sun, 01/26/2014 - 19:11 | 4369346 akak
akak's picture


Runs in China will be epic!

Why is that, more tainted Kitten McNuggets?

Alas, alas, 1.3 billion times alas, just have to run to the nearest roadside and bare with it.

Sun, 01/26/2014 - 19:24 | 4369375 El Vaquero
El Vaquero's picture

I'll have a Big Mutt, a 9 Piece Kitten McNugget, a Double Quarter Horse with Cheese and a Diet Coke, please!


Actually, OT, but funny story about me and McDonalds from when I was a teenager.  I was on my way to do a side job to earn a little extra money with a buddy of mine one fine day, and was hungry.  Being a teenager, I was not as put out about McDonalds as I am now, so I stopped at one and ordered a double quarter pounder.  Well, it tasted nasty, and I was only able to scarf down about 1/4 of it before I decided that I couldn't eat anymore of it.  It so happened that I was on the on ramp for the interstate, and I'm a firm believer in merging going the same speed as traffic, so I was already going 50-55mph.  With a simple flick of the wrist, I tossed the thing out the window into that little triangle patch of land that was bounded by the street, the on ramp and the interstate.  Well, a couple of kids that were probably around 13 or 14 just happened to be traversing the patch of land at the wrong time.  Motherfucking MCSMACK!  Right in one kid's face at 50-55mph.  I kind of felt bad for the kid, but that did not stop me from laughing my ass off.  That faux berger drilled the poor kid, catsup and faux beef sprayed everywhere, his hands immediately went to his face and he dropped to his knees. It had to have felt like getting drilled by a boxer, but holy shit!  Can you imagine explaining that black eye to your parents and friends? 

Sun, 01/26/2014 - 20:01 | 4369451 The Joker
The Joker's picture

That story was hilarious but I still had to down vote you...for littering.

It reminded me of another on-ramp story, OT as well.  About twenty years ago I was cruising along with friend in his car on the freeway.  He was driving.  Out of nowhere he looks at me and says "Are you driving?"  I said "What?"  He said "I'm serious, I took three hits of acid and I can't tell if you are driving or I am driving!"  Immediately I told him to pull off the next exit and stop the car, after I called him all sorts of names.  So instead of pulling off the off ramp he drives under the overpass and turns up the on-ramp.  So, I'm yelling at him while he is dodging traffic when sirons and cop lights come on behind us. After we were stopped, the cop comes up to the driver window and says "Son, didn't you see the arrows?  Dave yells, "Arrows?!  I DIDN'T EVEN SEE THE INDIANS!!"

Dave went to jail that night.  Drive sober kids.

PS The look on the cops face was precious.


Sun, 01/26/2014 - 19:26 | 4369380 Ineverslice
Ineverslice's picture


Wok don't run!

poor little pussies and pups.


Sun, 01/26/2014 - 19:33 | 4369392 nmewn
nmewn's picture

Small splattering things.

The Peoples Revolution Indoctrinary Corp (the PRIC's) have already issued a call to arms!

Sun, 01/26/2014 - 19:37 | 4369399 akak
akak's picture

The Great Leap Forward to the nearest roadside!

Because, after all, a turd in the dunghand is worth two in the bushes.

Sun, 01/26/2014 - 19:44 | 4369409 kaiserhoff
kaiserhoff's picture

Capital controls coming in


Sun, 01/26/2014 - 21:06 | 4369692 Babalooee
Babalooee's picture

The runs you get in China are always epic

Sun, 01/26/2014 - 21:05 | 4369693 Babalooee
Babalooee's picture

The runs you get in China are always epic

Sun, 01/26/2014 - 21:16 | 4369730 TuesdayBen
TuesdayBen's picture

No.  The runs I had in Greece were the worst.  Wound up in a hospital in Brindisi, Italy!

Sun, 01/26/2014 - 21:17 | 4369735 Miffed Microbio...
Miffed Microbiologist's picture

Well, that was worth saying twice! ;-)


Sun, 01/26/2014 - 19:26 | 4369366 OC Sure
OC Sure's picture

Mum's the word to quell panic.

Bloomberg headquarters live from Hong Kong does not have the story either.

Sun, 01/26/2014 - 19:51 | 4369417 nmewn
nmewn's picture

Busily bribing every Chinese official on their roll-a-dex/contacts list no doubt.

Sun, 01/26/2014 - 19:09 | 4369345 Mr Pink
Mr Pink's picture

But....all this time they have been telling me gold, silver and bitcoin have been the tulip bulbs

Sun, 01/26/2014 - 19:34 | 4369396 disabledvet
disabledvet's picture

no, no, no. they've been telling investment manias don't exist. you can have all the tulip bulbs you want.

and gold.

and silver.

and bitcoin.

"just keep buying Beeks."

Sun, 01/26/2014 - 19:01 | 4369319 ArkansasAngie
ArkansasAngie's picture

Closed for maintenance.  I guess they will blaming Obama's NSA?

Monday is certainly going to be interesting.

Sun, 01/26/2014 - 19:03 | 4369322 Uncle Sugar
Uncle Sugar's picture

Let me guess, CGI built the back end programs.

Sun, 01/26/2014 - 19:11 | 4369348 Ignatius
Ignatius's picture

From January 30th to February 2nd.  Hmmm.....

Sun, 01/26/2014 - 19:16 | 4369357 americanspirit
americanspirit's picture

CPL - I followed your link - thank you. Great find!

However, as the Forbes article points out, CBOC is only doing this because of the need for "system maintenance". They said so themselves. Nothing to see. Move along.

Sun, 01/26/2014 - 20:10 | 4369490 Squid-puppets a...
Squid-puppets a-go-go's picture

crony capitalst-hybrid communist system maintenance.

these people dont fib

Sun, 01/26/2014 - 20:15 | 4369510 Roscoe
Roscoe's picture

Probably to give folks time to cool off after the Cash = Gold or Debt = Gold (I forgot the exact name) fund fails. I don't think that strategy has ever worked...

Sun, 01/26/2014 - 20:59 | 4369674 Jack Burton
Jack Burton's picture

"due to system maintenance". A claim like that means that the PBoC has no ability to backup it's computer systems while maintenance is done on parts of it? That is a dubious excuse for 9 days of no foreign currency conversions! Has something in the China shadow banking system blown up and cascaded into financial instruments backed by nothing but promises and promise of future earnings? We all know that one blow up in the right place would dislocate many financial engineering frauds. This may or may not be big news, if it is, then tomorrow will be a harrowing day on the street. As for the cover story, I do not believe that excuse for a moment, that is fake, what it covers up we can not yet know. Were I in the markets, I would, this very night, be seeking to exit all I could.

Sun, 01/26/2014 - 21:43 | 4369822 Race Car Driver
Race Car Driver's picture


Ugh. Words. Lots and lots of words.

I'll wait until Tyler posts a cartoon version, thanks.

Sun, 01/26/2014 - 21:56 | 4369873 tip e. canoe
tip e. canoe's picture

gung hay fat choy!

Mon, 01/27/2014 - 10:44 | 4371017 War_is_Peace
War_is_Peace's picture

Anyone else getting an error message when trying to access the Forbes article? Is this the ministry of truth at work or irrefutable evidence of my computer illiteracy?

Sun, 01/26/2014 - 18:52 | 4369257 The Gooch
The Gooch's picture

"promises are going to be broken left and right."

 Sounds familiar.


Edit: CPL, That escalated quickly.

"Maintenance" = Fill those tanks, stock those pantries, fill the desiccant boxes and grab some popcorn.

Sun, 01/26/2014 - 18:40 | 4369255 Goldilocks
Goldilocks's picture

Pat Travers - Boom Boom (Out Go The Lights) Studio Version (2:46)

Sun, 01/26/2014 - 18:42 | 4369261 Constitutional ...
Constitutional Republic's picture

Good Evening James if you are reading this. It is a pleasure to see you on ZH. Your viewpoints are particularly well timed today, as we see money lock-ins at 3 British banking groups at the moment: HSBC, Lloyds Group and Bank of Scotland.

Your attempts to educate the financial public in recent years will prove to be prescient, in my opinion. Best wishes to you, GATA and the goldmoney team in Jersey.

Interesting that the ZHer 'CPL' just posted a link to the closing of bank transfers in China. HSBC contagion or vice versa?

Sun, 01/26/2014 - 19:18 | 4369360 More_sellers_th...
More_sellers_than_buyers's picture

Good evening Simon....

Mon, 01/27/2014 - 22:32 | 4370050 Freegold
Freegold's picture


Sun, 01/26/2014 - 18:47 | 4369267 SteveNYC
SteveNYC's picture

"....and you want to avoid, as much as possible, your involvement in any financial assets."


Sounds good in theory, but these are the exact "assets" that taxpayers were forced to back, bail-out, and suffer zero interest rates for 5 years in a row, in order to save. Perhaps he is missing the point that these "assets" come with a systemic/societal guarantee behind them? What is that worth? Hate to spoil a good article, as I respect what this man has to say.

Sun, 01/26/2014 - 18:55 | 4369295 Moe Hamhead
Moe Hamhead's picture

Well, in theory anyway,  shares of a well run company represent an ownership interest.  And if a well run factory or company is not tangible, nothing is.

I think I'd rather have part of a bricks and mortar than part of my grandfather's farm.  Farming sounds like work, and it's not as liquid if you don't want it, or you have to leave in a hurry.

Problems always arise of course if a bricks and mortar goes belly-up, but farms do also.

As for heavy metal, I can't see myself with a wheeled cart hauling bullion down the road when things turn bad.  I remember stories of people crossing the border into Suisse from the north trying to trade silverware and gold for food and safe passage.  In this culture you wouldn't get to the town line with both your life and your gold.

The point isn't that shares of Walmart or Apple are any better at that time; the point is nothing is going to be as valuable as your resourcefulness and mental preparation.  And having to stand guard over a stash is just going to tie me down.

Sun, 01/26/2014 - 18:54 | 4369298 Constitutional ...
Constitutional Republic's picture

The author of the article referenced earlier by CPL is a Mr Chang who also wrote recently: 'Mega Default In China Scheduled For January 31'. You can see this article listed to the right on the page linked by CPL.

More financial repression occurring so soon after Davos. Who'd a thunk it?! Predictable, don't you think. Insolvent international banks desperate to save their own skins - with other people's money.

At near zero interest rates, only keep bill paying cash in banks. Activate the autopay system, so the bank is lumbered with paying out, not you in the event of more technical 'glitches' or bank holidays.

Sun, 01/26/2014 - 18:55 | 4369301 akak
akak's picture

And when you’re in a financial bust – and we’ve been in a financial bust since the dot-com bubble collapsed back in 2000 – what you want to do is you want to be involved with tangible assets and you want to avoid, as much as possible, your involvement in any financial assets.  So, consequently, what people should still be focusing on, even though we’re 14 years into this bust, is continuing the accumulation of tangible assets.

That is exactly why I sold all my stock and bonds, liquidated all my IRAs and my 401k ... and put it all into Bitcoins.

Sun, 01/26/2014 - 18:59 | 4369315 El Vaquero
El Vaquero's picture


Sun, 01/26/2014 - 19:00 | 4369316 Moe Hamhead
Moe Hamhead's picture

Right !!  You're kidding, I hope!

Sun, 01/26/2014 - 19:00 | 4369318 nmewn
nmewn's picture fonestar would say, its virtually tangible!

Sun, 01/26/2014 - 19:05 | 4369331 akak
akak's picture

And I feel virtually safe too!

Sun, 01/26/2014 - 19:13 | 4369350 fonestar
fonestar's picture

The Bitcoin network is very safe, has never had any troubles except for a small fork that was resolved in hours.

Sun, 01/26/2014 - 19:34 | 4369394 akak
akak's picture

I have a nagging suspicion that I am going to get forked in the end, too.

Sun, 01/26/2014 - 19:48 | 4369415 Tall Tom
Tall Tom's picture

But...but..but,..It is a virtual fork.

Sun, 01/26/2014 - 21:20 | 4369746 Miffed Microbio...
Miffed Microbiologist's picture

They're the worst Tom. You get no reach around.


Sun, 01/26/2014 - 23:20 | 4370097 Spanky
Spanky's picture

Please, go into detail about bitcoin's safety.

Sun, 01/26/2014 - 19:07 | 4369336 kaiserhoff
kaiserhoff's picture

Why would you need to transfer money among banks?

It's more efficient to let the central planners piss in all directions.


Sun, 01/26/2014 - 19:31 | 4369391 ISEEIT
ISEEIT's picture

Meanwhile at a bastion of 'progressive' thought they mock the consideration of 'free markets'.

These poor things. Good people I suppose but the fundemental retardation astonishes...........

Sun, 01/26/2014 - 20:29 | 4369554 Shad_ow
Shad_ow's picture

"Good people?"   No, evil people either by sloth or theft.

Sun, 01/26/2014 - 19:04 | 4369325 Constitutional ...
Constitutional Republic's picture

G'luck with that, akak. I really hope it works out for you. It's not for me, but any way to get out of the current mismanaged money system is better than staying in it, imo.

Sun, 01/26/2014 - 19:51 | 4369418 Tall Tom
Tall Tom's picture



So you did not catch the satire?

Sun, 01/26/2014 - 19:08 | 4369339 q99x2
q99x2's picture
China Halts Bank Cash Transfers Posted on January 26, 2014Stacy Herbert  3 Comments ?

Stacy Summary: Many were oh so concerned about the Chinese who owned some bitcoin. LOL.

China Halts Bank Cash Transfers


Sun, 01/26/2014 - 19:12 | 4369347 NoWayJose
NoWayJose's picture

The promises will be kept - but they will be kept by devaluing currency. It is the 'modern' way. The US will simply print $17 trillion in paper money and pay off the debt. Of course, an acre of land, a gold coin, and a barrel of oil will skyrocket when this happens - but the paper 'debt' will be paid - and the economy will eventually re-set. You will be fine as long as you own a 'real' asset or have a skill that will be needed after the re-set. If you are relying on the gubmint, get ready for lots of 2% increases in your gubmint check will prices climb 20%.

Sun, 01/26/2014 - 19:19 | 4369356 Obama_4_Dictator
Obama_4_Dictator's picture

Wow, is it a coincidence that it's on Stuper Bowl Sunday and Grammy night......

Sun, 01/26/2014 - 19:30 | 4369388 Peter Pan
Peter Pan's picture

As long as those food stamp cards are operating, things should continue as they are........dumbed down.

Sun, 01/26/2014 - 20:56 | 4369662 KnightTakesKing
KnightTakesKing's picture

What are the chances of another "unexpected" blackout during the SuperBowl?

Sun, 01/26/2014 - 21:10 | 4369694 Jack Burton
Jack Burton's picture

Is tonight Super Bowl night? I have been watching the Kiev super bowl being played out between riot troops and freedom fighters, So far it is freedom fighters 45 and cops 0 in the first quarter. The EU promises support for the freedom fighters which could make this a run-away victory for an EU Ukraine. Or so it looks at the moment, yet other players are warming up and they have a heavily stocked bench, the score may shift once they are sent out onto the field.

Sun, 01/26/2014 - 19:20 | 4369365 Peter Pan
Peter Pan's picture

I doubt that this will bring the system down, but I am always left wondering how many nails this coffin of a world economy can take.

Sun, 01/26/2014 - 19:21 | 4369369 q99x2
q99x2's picture

Dear China, May I suggest JP Morgan and Goldman Sachs. They will shou you how to use your citizens money to build a prison for all of your citizens Then you will be able to take everything they have and kill them-- a system just like the United States and Europe have 

Sun, 01/26/2014 - 21:32 | 4369791 calltoaccount
calltoaccount's picture

"use your citizens money to build a prison "

You're not just blowing smoke.  

Top Shareholders of US Prison factories CCA and GEO" at: 

"The financial services industry now makes up a third of the US economy, and its members collectively own over two-thirds of CCA and GEO Group."   

Sun, 01/26/2014 - 19:21 | 4369371 robertocarlos
robertocarlos's picture

I have access to 200 Maples for 5k. It is a verbal deal done today. I'm hooped.

Sun, 01/26/2014 - 19:25 | 4369378 ISEEIT
ISEEIT's picture

The suggestion that "future historians" shall even contemplate and spin these times is pretty questionable.

Just sayin'.

Sun, 01/26/2014 - 19:27 | 4369381 I am Jobe
I am Jobe's picture

Shit. Holy fuck. Gold and Silver Bitchezz.

Meanwhile in Amerika, Sheeples getting ready for Grammy and SuperBowel. Yeah much more important 

Sun, 01/26/2014 - 19:38 | 4369402 disabledvet
disabledvet's picture

still not Grammy material?
well...okay then.

Sun, 01/26/2014 - 19:36 | 4369397 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

StupidBowl and Lardassians ^

Sun, 01/26/2014 - 19:37 | 4369400 akak
akak's picture

Your comment makes me feel so very WalMartian.

Sun, 01/26/2014 - 19:43 | 4369407 Son of Captain Nemo
Son of Captain Nemo's picture

"Lardassian" -New one...  But I like it!

Sun, 01/26/2014 - 19:43 | 4369408 Yen Cross
Yen Cross's picture

   " Up...up and away... In my beautiful, beautiful balloon."

   If gold closes above the 10/20 and 50 day averages during the Asian session, that's really good. It might test the 100 day avg.@ 1279. It's nice to see good ole shiney XAU above the trend line. :-D

Sun, 01/26/2014 - 19:59 | 4369444 Winston Churchill
Winston Churchill's picture

Already 1272.3 on Kitco site.

Sun, 01/26/2014 - 20:13 | 4369501 Constitutional ...
Constitutional Republic's picture

1275.10 now. Hang on. It's going to be a bumpy ride up, again. No place for weak hands.

Sun, 01/26/2014 - 20:37 | 4369591 Winston Churchill
Winston Churchill's picture

Short squeeze is on.

Sun, 01/26/2014 - 20:16 | 4369519 Yen Cross
Yen Cross's picture

  Hey Winston. I laugh when I see those retards on 'Discovery Channel' pulling gold out of the ocean in Alaska...  ;-D

Sun, 01/26/2014 - 19:43 | 4369410 gwar5
gwar5's picture

Hard to disagree with James Turk.  Like other commenters, I thank him for his tireless work against the soul crushing central bankers. 



Sun, 01/26/2014 - 19:54 | 4369430 Make_Mine_A_Double
Make_Mine_A_Double's picture

Does this PBOC inter bank freeze have anything to do with the Default of the Trust.... My Sister + Pussy = A1 Double + Good = Paper GLD + Leverage = Happy Fortune Cookie Trust?

Sun, 01/26/2014 - 20:01 | 4369457 bunnyswanson
Sun, 01/26/2014 - 21:13 | 4369722 Baldrick
Baldrick's picture

Thanks for that. I laughed so hard I started crying.

Mon, 01/27/2014 - 01:22 | 4370347 Bernankenstein
Bernankenstein's picture

Me too

Sun, 01/26/2014 - 20:07 | 4369480 Constitutional ...
Constitutional Republic's picture

Yes, 'MakeMineADouble'.  See earlier link provided by 'CPL', and look right to see the author's article about the massive default due Jan. 31. Yet another paper gold scam, taking down unwary buyers. Get physical...preferably not with your sister, as I understand that's immoral or outlawed or somefink....;-)

Sun, 01/26/2014 - 19:58 | 4369441 Bastiat
Bastiat's picture

This article points to the real metric of how much total gold is there vs how much total global fiat currency.

Sun, 01/26/2014 - 20:10 | 4369485 DutchR
DutchR's picture
"We're Living Within A Money Bubble Of Epic Proportions"


2009 :





Sun, 01/26/2014 - 20:25 | 4369537 Hayabusa
Hayabusa's picture

When the bubble pops, the rich will protect themselves... they created, own and operate the monetary system.  What are they doing?  Hoarding... hoarding assets, cash, etc., defalation will hit like a storm and those with the liquidity will cash in BIG... those with the most liquidity on hand will buy/sell those with the least liquidity and most bills that is...  when those with the least cash are hit with the "margin call" they will cry and sell at fire sale prices.  Cash will be king.

Sun, 01/26/2014 - 20:57 | 4369577 Johnny Cocknballs
Johnny Cocknballs's picture

fiat is, precisely, a way to steal wealth from productive labor and transfer it to those who have the power to issue or create more of that fiat.

And that's all it is.

Sun, 01/26/2014 - 20:36 | 4369584 shovelhead
shovelhead's picture

Tangible assets...

And frangible assets.

Don't ventilate ...


Sun, 01/26/2014 - 20:51 | 4369648 whidbey-2
whidbey-2's picture

Nothing is really changed, money, fait,was always an illusion.  So borrow money and buy things that will hold value.  I prefer gold, but that is personal. You will make money on your new assets which you can sell and repay the fiat.  Christ, banking is not difficult.  Say it all again.

Sun, 01/26/2014 - 21:08 | 4369702 Carl Popper
Carl Popper's picture

This is the biggest bubble (starting in 1945) that the world has ever seen.    The USA has blown the mother of all fiat and debt bubbles.  We were lucky, such an exorbitant privilege to own the reserve currency as Charles De Gaul said. 


We pumped it to the max and traded pieces of paper for real goods and services from the rest of the world. 


We will be very lucky if we only japanify.   Even at best the mojo is gone as we and the third world converge through labor and capital arbiteage. That is the optimistic scenario.  A Brazilian standard of living in 20 years isn't too bad assuming Brazil comes up a lot and we go down only a bit more from here. 

Sun, 01/26/2014 - 21:52 | 4369849 pFXTim
pFXTim's picture


Sun, 01/26/2014 - 22:43 | 4370001 Stuck on Zero
Stuck on Zero's picture

Real wealth isn't measured the way James Turk claims: " It comes in financial assets, bonds, and T-Bills, and things of that nature, and it also comes in tangible assets: real estate, oil wells, timberland, farmland, houses and things that are tangible."

Real wealth is family, friends, and freedom. That freedom means liberty, clean air and water, and the ability to pick your own friends and neighbors.  It also means the absence of fear that comes with a government that is out of control.  If you don't believe that this is real wealth then try doing without.


Mon, 01/27/2014 - 05:27 | 4370585 Debugas
Debugas's picture

Tyler should correct the article title to

They're Living Within A Money Bubble Of Epic Proportions

Because 99% do not get even a tiny fraction of the money

Mon, 01/27/2014 - 08:31 | 4370716 kenezen
kenezen's picture

Great Article!! Combined with the comments of "Stuck on Zero" below  it's as good as it gets! Congratulations!

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