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"Waiting For Armageddon" - Say It Isn't So?
Brent Johnson, of Santiago Capital, provides a brief but broad overview of the state of the state in the world's precious metals markets (and monetary policy implications). Often accused of "waiting for Armageddon", Johnson is quick to note that he would love to be wrong... "If I thought it possible to carry out the next 40 years the same as the last - by sticking to the status quo - I'd do it." But it's not... and no matter how many "say it isn't so" you hear from the mainstream, it is inevitable (when not if). Simply put, he warns, if you do have to have capital markets exposure - make sure you have insurance - you need it now more than ever.
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Please.... the FED will buy everything forever.
Papa Roach: i know right...
Armageddon, Schmarmageddon! What could possibly be wrong in the world as long as DWTS is on the air?
Do not fear the Apocalypse. It is merely the sorting of the false from the true.
So if they tell you, ‘Look, the crash is imminent; do not sell. ‘Look, the bond crash is nigh!’ do not believe it. [/gospel of the federal reserve 24:26]
No. In that case it's, "Sell, B. L. Zeebub, SELL!!!!!!!"
78% of respondents to a poll on Infowars (No, I did not answer) said yes, that MO is a tranny.
Gog and Megog, End of Days, Revelation, 7th Seal, whatever... It's getting too bizarre...
Fucked up that all this time AJ has been right
Just heard there is a new Planet of the Apes flick coming out.
Who's playing Moochell?
The 800lb. gorilla. In the room.
and that's different how ?
Maybe they can finish this for me
There was a chocolate bugger named barry
Whose stage wife's face was incredibly hairy
After she ate him...
There was a chocolate bugger named barry
Whose stage wife's face was incredibly hairy
After she ate him...
Then she tea-bagged him
And said "Hillary is who I will marry."
Ezekiel 22:4
you have become guilty because of the blood you have shed and have become defiled by the idols you have made. You have brought your days to a close, and the end of your years has come. Therefore I will make you an object of scorn to the nations and a laughingstock to all the countries.
Yeah, something like that.
True, Miss.
John 3:16
First Known Use: 13th century
if you do have to have capital markets exposure - make sure you have insurance -
Yaz, yaz. Where can i get me some of that gol dang end of the financial world insurance? I'm sure all those broke mofos will pay up like goodens. On second thought, make that a triple.
Close... but not quite:
The FED will buy everything... until it can't. (Because no one wants USD/FRNs anymore.) That clips "forever" down to maybe 5-10 years at most.
seek I love your Vi editor colophon:
"Tarsiers are active only at night, hiding during the day in tangles of vines or in the tops of tall trees. They subsist mainly on insects, and, though very curious animals, tend to be loners. Edie Freedman designed the cover of this book, using a 19th-century engraving from the Dover Pictorial Archive."
I think this Argentine --> Portugal --> East Europe banking might collapse/plode any day now....5 days ?
Deutchebank is the next domino.
Since they have bailed out the EU after the Greece and Cypriot ventures just what is their exposure in CDS to Banco Espirito Santo?
Insurance anyone? I will bet that the Germans would love to have their Gold back.
The Fed is my insurance, I shall not want.
For it printeth me a green pasture...
They leadeth me beside the still VIX index.
Thy zirp, and thy QEinfinity, they comfort me.
thou preparest a ham sammich for me, in the presence of my tormentors.
for the day of the untaper commeth as a thief in the night...
...in a moment, in the twinkling of an eye, at the last trumpet. For the trumpet will sound, and goldman sacks assets will be raised imperishable, and we shall be changed into poor people...
For Muhammed, blessed be his mercy, shall grant the fresh sand-monkeys asylum, for it is spoken....
I'm in tears over here - you fucks are awesome!
They restoreth the Bank Balance Sheets when they make bad bets...
For I am the biggest baddest Fed Printer AMEN
Darth Bernanke, is that you?
Even though I trade in the darkest pool,
I will fear no losses
Mr. Yellen maketh me lie down among vipers. Sheeeit.
By your silence and compliance you demonstrate consent.
Do you know what FRB district you reside in? Do you know who its officers are, and the other boards on which they crony? Do you know where they live? Do you know what "work" they pay their extended families our money to do?
I use to live in a beautiful place. Now, where we got along for decades without them, there are street lights and signs an average of every 6 feet. Everywhere. Looks just like fucking New Jersey. I would prefer the oxycontin loaded kids of Al Gore watch the road, but hey, that's just me. The New Jersey dividers on surface streets must be to prevent nonparticipants from getting out of the way of these hot raging road hog disciples of Ted Kennedy. Our resident Hell's Angels were far more polite. And gave back a helluva lot more to the community.
They're gone. Those war weary Angels are gone now. Instead you've got the mexican mafia running the rough trade, set up by DCI Bush, Danny Quayle and Ollie North's crew, Supported by every regime change since. You're on your own.
Miss me now, bitchez?
For about 5 years, on average every 200 yards the road has been torn up and replaced with an inferior, bumpy track. Roads that were widened to reduce gridlock now have... bicycle lanes replacing the lanes ceded to the State. These are mostly vacant because you have to be a complete fucking moron to regularly gasp car exhaust deep into your lungs during your healthy exercise. We also have completely seperate bicycle trails that were laid out 40 years ago. Before the wall to wall concrete was installed.
This is Paul Krugman's idea of economic growth, that Oblowme more honestly recently called "churn".
Forget Yellen. Go look up who your assemblymen awarded these contracts to, for the unneeded and unwanted street lights, street signs and bad roads. And the "studies" that incurred this civic vice.
Follow the monkey. Then do something about it. Or sit on your ass and bitch until you die. If you can call lapsing from a coma to a worm farm "a negative life experience". I bet you can, you whiny bitchez.
Down in cunt valley where red rivers flow, where whore mongers florish and cocksuckers grow, that's where I met Yellen the Fed prez I adore, fiat printing, cock sucking, hot fucking Federal Reserve Whore!
Down in the valley where the green grass grows, along came Sue, without no clothes
Along came Pete, swinging his chain. A zip zap zoo! Out it came!
3 months later all was well. 6 months later it began to swell.
9 months later out it came. A little Pete, swinging his chain.
LOL...
They make me lie down with scum banksters
They leadeth me into bankruptcy
"the FED will buy everything forever."
Similar to the old Soviet Union and north Korea.
Two classes. The very rich and then there are the others that cannot afford buy extras.
To that point, it is instructive to see the old dachas of the criminal elite of eastern europe, which in many of the former warsaw-pact nations were little more than garden shacks on the edge on little inland lakes. At some point the criminal elite realise they need to up their game to get the digs to which they are divinely entitled.
Same with China, from Mao suits to Armani Suits in a generation or two.
Bling has that ring!
England and London have one heck of a moat.
Enter poroshenko
5% lead, 5% canned goods, 5% solar power.
I don't get why he has a "fixed income" slice.
And I'm not so sure about the real estate, unless you mean some defensible farmland.
Now, a clever man would put the poison into his own goblet, because he would know that only a great fool would reach for what he was given. I am not a great fool, so I can clearly not choose the wine in front of you. But you must have known I was not a great fool, you would have counted on it, so I can clearly not choose the wine in front of me... [/Vizzini]
Too much effort ... this is why the pragmatic man simply has his foes taken out and shot.
Stalin--"No man, no problem".
Best movie ever.
Especially the part where that guy dies.
The ending was good too.
Never go in against a Sicilian when death is on the line"! Ha ha ha ha ha ha ha! Ha ha ha ha ha ha ha! Ha ha ha...
In my top ten; rare film that all ages can watch and enjoy.
I've hired you to help me start a war. It's an prestigious line of work, with a long and glorious tradition.
....Incredible.... 'the princess bride' timeless
THE CLIFFS OF INSANITY!
Hello, my name is Inigo Mantoya. You killed my economy, prepare to die!
What is the best insurance against hungry women?
nuts
Uh, typical walnut tree requires 7 years to bear first crop.
ballz
A major problem when shit hits the fan is what will happen to debt, this includes the money people owe you. A great deal of our economic system is about debt. It is important to remember not all debt is created equal. A mirage is a naturally occurring optical phenomenon in which light rays are bent to produce a displaced image of distant objects. Joining the idea of a mirage and contagion with the reality of collapsing debt forms an interesting subject.
It is important to remember all debts and obligations do not come due at the same time. Also, it must be noted when a bill is not paid or defaults it often starts a long and drawn out legal battle, this collection process that may extend years without harsh consequences. This my friends is the reality of modern life in America and much of the world. More on this subject in the article below.
http://brucewilds.blogspot.com/2014/05/debt-mirage-always-moving-into-di...
For the new folks here...research "counterparty exposure".
I think that his point is that the Central State can drag shit out longer than you can possibly "account for".
The problem with that is the longer they drag it out, the faster it will crumble when the momentum starts down. This is like social and economic osteoporosis. No symptoms until the thing finally gives way...
is there an economic term for domino toppling?
What was the going exchange rate of confederate dollars and US dollars as the american civil war progressed?
I don't know then, but now a csa$ goes for about 10 us on ebay. Scarcity thing I suspect
I never read about anyone recommending "junk silver" coins-actual pre 1964 US 90% silver dimes, quarters and half-dollars-to use as currency/barter WTSHTF. Sold as bags of face value of $10,000 and fractions thereof. I've got 1/2 bag, plus a goodly number of one once silver coins to make transactions, as well as a nice amount of Au.
Junk silver used to have low premiums, then it practically disappeared. I think it is mostly bought up.
Then it's likely you weren't reading ZH in 2008/2009.
Get to work Mr. Yellen!!!
Actually, I prefer platinum for the long haul. It is much scarcer and has industrial applications that are harder to replicate with other metals. As a result, it is much less volitile.
Dude; nobody even knows what it is; you're supposed to be looking for a spending money, not a mental masturbation exercise for a commodity trader.
..." It's been a long, a long time coming
But I know a change gon' come, oh yes it will................"
I need bitcoin more than gold :)
Why dat?