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2011 minus 81 = 1930.
Swedbank bank run happening in Latvia and now more people in Sweden following suit.... Happy days.
The Latvian event?
Who is today's Bank of the United States?
Bank of America, perhaps?
"Biddle thou Monster Avaunt ! Avaunt I say ! Or by the Great Eternal I'll cleave thee to the earth !"
if a hammer blow falls on one's head, I wonder if it matters whether it was rhyming blow or a dissonant one...
Funny, the FED is the current BUSA. Version 4 or 5. And it looks like it's being prepped for a take-down (smoothly into the waiting folds of the IMF/WB complex).
It's the only plan tptb have.
They Will Commence Printing, Shortly!
"Printing" is so last century.
"I don't know who would have actually pushed the button.", Jon Corzine on the theft of customer funds
Amazing to watch the US criminal enterprise knock Gold while pushing junk fiat paper higher and bonds of an insolvent goverment up. When does this fucking joke end? Gold has been a safe haven for 5000 years until now? Please!
Apparently gold is no longer safe because THEY say it isn't safe....much in the same way an event is racist because Jackson, Sharpton and Farrakhan say it is. <shameless homaginization of two current events, both equally fucked up>
I thiink it too be worse. Too many criminals to feed and too much fire power. Even without war, it is self destruct mode.
bank runs, here, in the united states of america, home of the free, land of the brave, the greatest empire ever to have graced the good earth? pshaawww!! thats what the fdic is for!!! ;)
Bank run bitchez! Only this time, this will be an inflationary depression.
I am counting on "Helicopter" Ben Bernake to keep his promise.
When do I buy more gold? 1650?
Whenever someone is willing to accept worthless paper for it.
when you need to repair your teeth..............
when your wife gets tired of sex!
I'll fix it .....
"When your wife gets tired of sex WITH YOU!"
When do I buy more gold? 1650? !!! it doesn't matter when you buy more gold !!! JUST BUY IT ! Price is fiat, that's what you guys all taught me ! Now, go forth, run to that coin guy & get yourself some metal before you can't lay your hands on it, someday there will be "runs on coin dealers" .
My feeling is that Gold will move with the market down, but at some point in time will break free. I will buy physical gold and put a hedge on with paper using GLL. Once Gold breaks some upper limits, I will remove the hedge. Let me know any negatives to this.
As the economy gets worse more people will cough up gold jewelry to pay bills. There's a lot of gold jewlery out there. I've heard estimates that ~60% of the world's gold is held by individuals in the form of jewlery. This will work to keep the price of gold from rising too high. Also, there is the acceleration factor. Gold will move around so quickly that it will seem commonplace.
Most people owning gold jewelry live in India, and I doubt they are gonna be selling anytime soon. People living on the edge in the USA already have sold a lot of gold and silver jewelry, and although this may continue, with Central banks buying it by the ton, what part of this picture don't you understand? It takes a shitload of wedding rings to make a ton of gold. The current price drop is manipulation -- notice how gold and silver are going down but preserving the exact relationship? They are being very careful to keep the ratio over 50.
Go long paper and ink!
Krugman wrote that it's time to call this what it is. A depression. Not the great depression, but a depression. Long, with peaks and valleys contained within.
Far worse than the Great Depression, in those times, most people were still growing their own food, making their own clothes, etc.
Today if something as simple as McRibs stop flowing, chaos.
What?!?! McRibs are back?!?!
Krugman is a great Keynes spouting idiot, not just an "Idiot", but a Keynes, often misquoted, unoriginal idea crafting, Iron Mountain quoting "Great Idiot". JMHO
the amnesia about the federal gold grab before the Depression of the 1930 is funny. Like did you believe the shit that was shoveled at you in American History?
Looks like the FED already grabbed a whole lot of gold thru MF Global, and handed it to JP Morgan so they didnt go under.
Krugman deserves his nobel prize as much as Obama deserves the peace prize. I am beginning to think those Norwegian nobel prize committee members have been out in the cold too long...
It's not a depression when the Gov't can spend away 12% GDP contraction for 3 years in a row ($1.6 trillion deficit spending). It's only a depression when the gov't losses it's ability to hide the contraction which I'm guessing is coming soon.
I just buy on every dip. Do not worry about the charts. The system is broken. Just let this play out and I guess we will have to put up with the "brilliant ones" today. Every time I see gold sell off I just shake my head, smile and buy more knowing my daughter will have something real.
You'd think these bankers are training for the London Olympics. All you can hear about is "bank runs!". I guess there are bankers for each race : 100M and Marathon.
They'll also be competing in the Printathlon, Pole Default and an exciting new event called 10th Floor Window Jumping. Can't Miss TV!
<B>Germany seeks to ban far right party</B>
Also on the rise in Bulgaria and the rest of Europe, another rise of Nationalism? Hmmm -Sounds oh too familiar.
Cashin is incorrect on one fact. The financial institution that failed was called "Bank of United States" with no "the" in there.
Correction: It didn't end with WW2, it ended before Pearl Harbour in a slow ascend of economic activities. This after the Federal Reserve was able to count the USA Federal Government as a borrower, with the citzens of the USA as collateral (check your Birth Certificate). The next step after the institution of the Federal Reserve was accomplished. And all of this happened after contracting (artificially) the money base, which led to the Great Depression. They got what they wanted, and then laxed the reigns again.
To (casually) claim WW2's effect on the USA (war)economy, was the reason the depression ended is a dangerous fallacy, given the warmongering at the moment. WW2, as all wars and militairy spending does to any country, plunged the USA deeper into debt. It has absolutely NOTHING to do with prosperity in the civil economy. This was discussed in articles also posted on ZH (if I remember correctly, early 2010, but search yourself)
US of A, ruled by Bankers, since 1910 https://www.youtube.com/watch?v=OwUb1SbRfNo
clearly you are not sleeping at the key board well said Reptil!
you are wrong about the effect of war upon the economy. the main benefit of war is capacity destruction, labor and capital. the destruction of capacity leaves a hole to be filled by new labor and capital. in the ww2 example the usa filled the gap wrought by the total destruction of continental europe which fueled the boom years from 1947 to 1967. it is true that britain's debt burden prevented a recovery for the people but the banks made out like bandits. even the destruction of iraq has provided opportunity for multinational public companies mostly based in the usa. so ww2 did provide the opportunity for the usa to accelerate out of the depression and even laid the groundwork(pheonix principle otherwise known as the marshall plan)) for the ensuing boom in europe and japan.
i am convinced this idea of massive capacity destruction is being implemented now as the ultimate means to the ultimate goal of a one world political/economy........if only they can get the chinese and russians on board.
Does anyone know (with references) the end date for the charter of the Federal Reserve?
I have the same question in mind, especially considering rumours that the end date is at the end of 2012.
That's right about the time some Mayan el jefe is supposed to return. I think he wants his gold back.
Look at the History of the United States.
Not worth a continential.
5 dollar Union or 30 Confederate>?
Gold coins preserved by a man away from the early 1900's confisication was finally confisicated by Uncle Sam out of a estate when that man finally died.
Anyone in Physical resources and or assets such as Bullion free and clear will be the ones to call the next tune.
If you dont need the bank, they smile at you. If you need the bank, you SMILE at the bank.
Bank of United States ,......Bank of America. History doesn't repeat but it very often rhymes.
The article suggests the Panic of 1937 and the resulting contraction was brought on by the closing of the Second Bank of the United States. It was my understanding that the Panic of 1937 was engineered by Nicolas Biddle in an attempt to prevent Jackson from closing the central bank.
Anyone here more knowledgeable on the matter?
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