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Gold: 1980 vs Today

Tyler Durden's picture


When gold was undergoing its latest (and certainly not greatest) near-parabolic move last year, there were those pundits consistently calling for comparisons to 1980, and the subsequent gold crash. Yet even a simplistic analysis indicates that while in the 1980s gold was a hedge to runaway inflation, in the current deflationary regime, it is a hedge to central planner stupidity that will result as a response to runaway deflation. In other words, it is a hedge to what happens when the trillions in central bank reserves (at last check approaching 30% of world GDP). There is much more, and we have explained the nuances extensively previously, but for those who are only now contemplating the topic of gold for the first time, the following brief summary from captures the salient points. Far more importantly, it also focuses on a topic that so far has not seen much media focus: the quiet and pervasive expansion in bilateral currency agreements which are nothing short of a precursor to dropping the dollar entirely once enough backup linkages are in place: a situation which will likely crescendo soon courtesy of upcoming developments in Iran, discussed here previously


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Fri, 02/17/2012 - 22:15 | 2172122 fonzannoon
fonzannoon's picture

From the Telegraph.

Congratulations to Iceland.

Fitch has upgraded the country to investment grade BBB – with stable outlook, expecting government debt to peak at 100pc of GDP.The OECD's latest forecast said growth will be 2.4pc this year, after 2.9pc in 2011.Unemployment will fall from 7pc last year to 6.1pc this year and then 5.3pc in 2013.The current account deficit was 11.2pc in 2010. It will shrink to 3.4pc this year, and will be almost disappear next year.

Fri, 02/17/2012 - 22:17 | 2172128 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Ther terrists

Fri, 02/17/2012 - 23:22 | 2172238 Thomas
Thomas's picture

Gold was competing against 8% real returns on treasuries. That ain't so this time. The opportunity costs of owing gold are zero. When real rates go positive, I pay attention. I should add that interest rates and gold both maxed out within months of each other in 1980; anybody who thinks gold tops the second treasuries start falling (rates rising) doesn't know their history.

Sat, 02/18/2012 - 03:31 | 2172473 Max Fischer
Max Fischer's picture



I would strongly urge readers NOT to sign up for the "Future Money Trends" newsletter, which is what this video is selling.  This is a website run by the same pump-n-dump NIA guys that Peter Schiff has repeatedly warned his followers about.  While I regard ZeroHedge as one of my favorite places on the internet, i think that promoting known scam artists subtracts from the overall quality of this site, even if they offer the same flavor of doom/gloom that ZH readers are looking for.  I know that ZeroHedge is free, so I really don't have any right to complain, but I would hope that we would be warned of guys like this, rather than be led to them.   

After several lawsuits, the guys at NIA/FMT were forced to warn their subscribers with hilariously blunt warnings.  At the beginning of their disclaimer, it reads:  "...never make an investment decision off of anything we say."  *LOL*  And they conclude their disclaimer with the same thing: "never base any decision off their website or emails."  It also reads, "our activities involve actual conflicts of interest."  

This is probably my favorite part of the disclaimer: "we receive monetary or securities compensation in the very securities we are promoting and shortly after...... we sell the securities during our promotional activities or thereafter."   

*LOL* Basically, the lawsuits forced them to admit to being a pump-n-dump operation.  

These guys are bad news.  And, yes, that's a double entendre.

I hope this comment isn't taken the wrong way.  As I said, I thoroughly enjoy ZH.  I just don't like to see pump-n-dump scammers being promoted.   

Max Fischer, Civis Mundi

Sat, 02/18/2012 - 03:55 | 2172518 cnsteph
cnsteph's picture

Didn't Daniel leave NIA a while back?  I know there was some thing with Shiff calling out NIA.

Sat, 02/18/2012 - 10:36 | 2172646 GetZeeGold
GetZeeGold's picture




It's all over.....send all your golds to us.....vee will dispose of it in a safe and environmentally conscience manner.





Sat, 02/18/2012 - 18:47 | 2173753 clymer
Sat, 02/18/2012 - 08:23 | 2172647 GetZeeGold
GetZeeGold's picture

 double post.....grrr.


Newsletters are for pussies. Never spent the money. They have this little thing called the internet. Info for nothing and your chicks for free.



Sat, 02/18/2012 - 08:46 | 2172671 Pringsh Peensh
Pringsh Peensh's picture

Speaking of creepy dual intentioned web sites, what's the deal with "ABC Media, LLC" on the bottom of the ZeroHedge web pages (in the copyright footer). Ummmmmn, please don't tell us that the MSM got a hold of this last bastion of hope. This isn't the ABC I fear it is, it is????

Sat, 02/18/2012 - 10:26 | 2172748 AldousHuxley
AldousHuxley's picture

Office 3, bl.51,
Jerusalem Str., j.k."Mladost 1"
Phone: (+359 2) 9743974
Fax: (+359 2) 8753599


Administrative Contact:
Georgiev, Georgi
Office 3, bl. 51, Jerusalem Str., j.k. "Mladost 1"
Sofia, Sofia 1000


Father Krassimir Ivandjiiski, is a writer and editor at Bulgaria Confidential


best insider info abotu wall st. comes from ex-wall st. banned for insider trading for they were the small fish fried while the big fish like Robert Rubin gets away.

Sat, 02/18/2012 - 11:49 | 2172819 clymer
clymer's picture

I'm sure Dan, co. are all thrilled that an administrative office in Bulgaria is now a SPAM target

Sat, 02/18/2012 - 10:17 | 2172737 nodhannum
nodhannum's picture

Chicks for free is an oxymoron. The three most expensive things in the world are home cooking, home loving and free laundry!

Sat, 02/18/2012 - 11:06 | 2172776 Lost Wages
Lost Wages's picture

What makes me LOL is the people who pay $150/year to read Bix Weir's private posts.

Sat, 02/18/2012 - 04:05 | 2172528 StychoKiller
StychoKiller's picture

I can think of at least $16+Trillion reasons why I don't need a newsletter to tell me the future of the Dollar...

Sat, 02/18/2012 - 04:39 | 2172539 Bay of Pigs
Bay of Pigs's picture

Hey Max, you're a fuckan asshole.

Sat, 02/18/2012 - 08:26 | 2172655 Popo
Popo's picture


Sat, 02/18/2012 - 12:04 | 2172842 bbq on whitehou...
bbq on whitehouse lawn's picture

Its because he's from " Neuw Yourk " the people who invented the phrase " you fuckan assshole". :)

Sat, 02/18/2012 - 08:16 | 2172645 doggings
doggings's picture

I knew I recognised the voice on the video.

but wrt to the videos they basically steal Schiff's commentary and put it to video, so the videos are usually good, just the sign-up-to-our-offers are dodgy.

Sat, 02/18/2012 - 09:21 | 2172698 Mr. Lucky
Mr. Lucky's picture

Crede sed proba.

Sat, 02/18/2012 - 00:53 | 2172362 TheFourthStooge-ing
TheFourthStooge-ing's picture

Mr Lennon Hendrix noted:

Ther terrists

Yep, and them's the worst kind, terrists from Sackistan, on account of 'em having big brass balls.


Sat, 02/18/2012 - 10:50 | 2172768 GetZeeGold
GetZeeGold's picture



Actually those balls are gold......just like Janet Napolitano's.




Fri, 02/17/2012 - 22:21 | 2172139 fonzannoon
fonzannoon's picture

well played.

Fri, 02/17/2012 - 22:38 | 2172170 withnmeans
withnmeans's picture

What is your take on this Tyler? From Kathimerini, are they trying to cover their ass.

Sat, 02/18/2012 - 02:04 | 2172424 danielvisionvic...'s picture


Sat, 02/18/2012 - 02:04 | 2172425 danielvisionvic...'s picture


Sat, 02/18/2012 - 02:04 | 2172426 danielvisionvic...'s picture


Sat, 02/18/2012 - 13:28 | 2172997 General Decline
General Decline's picture

Rare triple post. Nice.

Sat, 02/18/2012 - 04:21 | 2172531 groundedkiwi
groundedkiwi's picture

Iceland is winning! Not according to this and the advent of vulture banksters.

Sat, 02/18/2012 - 04:22 | 2172532 groundedkiwi
groundedkiwi's picture

Iceland and its new elephant in the room

Sat, 02/18/2012 - 10:31 | 2172752 Coke and Hookers
Coke and Hookers's picture

A good find. When the Icelandic banks were resurrected, the government handed the new ones over to creditors of the old ones. Outstanding debt became shares in the new banks. In the meantime, vulture funds had bought all the old debt for pennies on the dollar (6 cents a dollar on average apparently) and now own the new Icelandic banks. The new banks basically own everything in Iceland because private and corporate equity was wiped out during the crash - so now Iceland belongs to 20 vulture funds or so. The identity of these funds is apparently a state secret but among them are the follwing according to some credible inside info:

York Capital
TGP Investments LLC
Anchorage Capital Partners
Cyrus Capital Partners
Davidson Kempner
Tiger Management
Verition Group LLC

The neoliberal Icelandic government is negotiating an EU entry and this makes it vulnerable for outside pressure from the international financial elite, particularly the IMF, which now dictates economic policy in Iceland. As usual, IMF has ordered the Icelandic government to 1) defend the new banks at all cost and 2) privatize everything in sight. The privatization plans haven't gone over well in Iceland and the government periodically tests the waters to see what it can get away with. Examples:

- The government is trying to seize fishing quotas owned by fishing companies (worth 1-5 billion dollars depending on how it's calculated)
- The government is testing the waters regarding the sale of the national power company (Landsvirkjun)
- The government has from time to time 'discussed' changing roads built for public funds into toll roads
- The government has gone to extreme lenghts to use taxpayer money to pay for the Icesave debt (which belongs to Landsbanki bank) - despite the fact that its posessions are sufficient to pay the debt (which means that vulture funds wouldn't get anything) :-(

Despite massive cuts in public spending and massive tax increases, the current public deficit it 10% of GNP - meaning that there is no actual growth or recovery. Every single extra penny earned in foreign currencies is used to pay foreign public debt which "magically" went up to 90% of GDP from nothing (it may be far more though because the public figures are very inconsistent - i.e. state secret like the identity of the vulture funds).

So, to summarize, the Icelandic people have been stripped of most assets and are now slaves to the international financial system. Their government works for said system and acts as a debt collector. Could be better but it could have been worse too. It could have been an EU member like Greece in which case it would be crushed under the German/Brussels boot, it would still have grossly overvalued currency and it could have taken on the Icesave debt. In that case Iceland would be in the same exact position as Greece - basically in ruins.

Sat, 02/18/2012 - 11:55 | 2172828 trav7777
trav7777's picture

the larger powers would have used military options against them had they refused.

Sat, 02/18/2012 - 15:12 | 2173224 trav7777
trav7777's picture

Fuck Abe Foxman and fuck the ADL

Sat, 02/18/2012 - 05:52 | 2172573 disabledvet
disabledvet's picture

In other news "Brazil was upgraded for the first time in 27 years last year after sticking it to the man in 1985." Like i said: "we have Hyman Minsky banks now." Good luck financing your country!

Sat, 02/18/2012 - 10:43 | 2172757 Coke and Hookers
Coke and Hookers's picture

"Fitch has upgraded the country to investment grade BBB – with stable outlook, expecting government debt to peak at 100pc of GDP."


This means nothing. The rating agencies reward or punish Iceland based on how closely they follow IMF instructions. Examples:

1) "You are not accepting the Icesave debt (which would crush your country)? We better downgrade you."

2) "You are spending (wasting) your foreign currency reserves to pay to carry trade gamblers locked in because of capital controls. Good boys! Here's an upgrade!"

The second example is the reason for the Fitch upgrade btw.

Fri, 02/17/2012 - 22:16 | 2172126 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Gold, bitchez

Fri, 02/17/2012 - 22:29 | 2172151 JW n FL
JW n FL's picture

Silver, fuckerz

Fri, 02/17/2012 - 22:35 | 2172160 Conrad Murray
Conrad Murray's picture

LSD and Cheesy Biscuits!

Fri, 02/17/2012 - 22:47 | 2172182 Cheesy Bastard
Cheesy Bastard's picture


Fri, 02/17/2012 - 23:18 | 2172232 Hulk
Hulk's picture


Sat, 02/18/2012 - 08:25 | 2172654 GetZeeGold
GetZeeGold's picture



Fargin Bastagez.



Sat, 02/18/2012 - 13:10 | 2172952 Benjamin Simon
Benjamin Simon's picture

Shotguns and canned food. Friendz.

Sat, 02/18/2012 - 00:59 | 2172369 TheFourthStooge-ing
TheFourthStooge-ing's picture

. LSD and Cheesy Biscuits!

Microdots and Microwaveable!


Fri, 02/17/2012 - 22:53 | 2172187 Long-John-Silver
Long-John-Silver's picture

I'm diversified, I have Gold AND Silver.

Fri, 02/17/2012 - 23:29 | 2172257 Boston
Boston's picture

AND Platinum.

Sat, 02/18/2012 - 00:12 | 2172314 DaveyJones
DaveyJones's picture

and fertile land

Sat, 02/18/2012 - 00:24 | 2172327 Hulk
Hulk's picture

mycorrhizae bitchez !!!

Sat, 02/18/2012 - 02:21 | 2172440 tekhneek
tekhneek's picture

bokashi, trickz!

Sat, 02/18/2012 - 10:41 | 2172657 GetZeeGold
GetZeeGold's picture



Both kinds of AND western.




Sat, 02/18/2012 - 10:30 | 2172751 Sean7k
Sean7k's picture

Selling Mycorrhizae may be the new gold...replacing what used to be everywhere. Thank you USDA.

Sat, 02/18/2012 - 11:56 | 2172830 Hulk
Hulk's picture

Going back to what worked well and created healthy people...

Sat, 02/18/2012 - 02:06 | 2172428 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

And fertile women.  The U. S. is repopulating at only a 1.3 rate.  If it weren't for the influx of illegal Mexicans from across the border our population would be going backwards.

Sat, 02/18/2012 - 12:05 | 2172845 Alex Kintner
Alex Kintner's picture

Good to know. Now I understand the Repub 'War on Contraception'.

Sat, 02/18/2012 - 01:02 | 2172370 HungrySeagull
HungrySeagull's picture

You might want Palladium too. Refineries are looking to use that stuff at half the cost of Platinum.

Sat, 02/18/2012 - 03:07 | 2172477 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1 re palladium, although my physical position is tiny.


Sat, 02/18/2012 - 00:16 | 2172316 IndicaTive
IndicaTive's picture


Sat, 02/18/2012 - 13:16 | 2172968 Benjamin Simon
Benjamin Simon's picture

Of course you do, you're a pirate. And a Terrist. Expect a call soon.

Fri, 02/17/2012 - 22:18 | 2172131 you strawman talking
you strawman talking's picture

When 1oz of gold buys the Dow like in 1932 & 1980 that's the real bottom.

DOW 4000 Gold 4000?

Fri, 02/17/2012 - 22:50 | 2172183 paddy0761
paddy0761's picture

and don't forget S&P500 at 400.

Fri, 02/17/2012 - 22:54 | 2172189 Long-John-Silver
Long-John-Silver's picture

and Silver will also be at $400.

Fri, 02/17/2012 - 23:02 | 2172203 HungrySeagull
HungrySeagull's picture

I am not sure if silver will ever reach 400.

My attitude and morale is rather low after watching these little .80 cent pops and drops every time the word Greece is said. Then it settles to a base day after day after day.

It's almost like I will have to go into Gold to make 30.00 or whatever (Or lose it) than .10, .30 after fees...

There are times to put the boots on the ground and more often times of waiting and wanting to chew them...

But if it did get to 400.... That would make gold around 5000 and I would be standing up next to the house looking at the land of yellow...

I think we all are a ant farm, digging upwards to find new lands to dig new homes only to learn more sand is added or taken away...

Fri, 02/17/2012 - 23:21 | 2172235 balz
balz's picture

Of course silver will get to 400$, and even more than that !

Silver's 1980 high adjusted to inflation is 517$ today and situation is worse today than it was in 1980.

Silver should be 1000$ at least in today's purchasing power, considering how rare it is now.

Sat, 02/18/2012 - 00:20 | 2172322 IndicaTive
IndicaTive's picture

I'll take $390. Then let's talk about the ramp :)

Sat, 02/18/2012 - 10:34 | 2172754 Sean7k
Sean7k's picture

Try 132$ and anyone else that understands dollar inflation. I think it was Sprott that threw around the 400 number, but he has an interest there.

Sat, 02/18/2012 - 11:57 | 2172831 trav7777
trav7777's picture

you are a fuckin idiot

Sat, 02/18/2012 - 17:19 | 2173597 RockyRacoon
RockyRacoon's picture

Who pissed in your Cheerios?  You are exhibiting more and more of the attributes of a troll.  Are you aware of that?  Please try to say something constructive now and then.   It's difficult enough to glean some intel from the comments without such tripe clogging up the process.

Sat, 02/18/2012 - 18:57 | 2173772 IrritableBowels
IrritableBowels's picture

He's probably still licking the wounds from the other day. 

The thread below SLAYED me. Total pwnage.


Sat, 02/18/2012 - 23:00 | 2174203 trav7777
trav7777's picture

Was that the thread where all the guys encouraged everyone to get off the grid using shit built on the grid?

Yeah, was expectations of the ability of ZHeeple to grasp the irony without my having to spell it out in blunt language for you all were not met

Sat, 02/18/2012 - 23:03 | 2174207 tmosley
tmosley's picture

"You are not allowed to be self reliant in ANY way."

So sayth the mighty Trav.

Sat, 02/18/2012 - 14:09 | 2173104 SilverRhino
SilverRhino's picture

Silver's 1980 high adjusted to inflation is 517$ today and situation is worse today than it was in 1980.

Demonstrate your logic.    $50 1980 high adjusted for inflation typically comes in around $150 so I am curious as to your numbers.


Sat, 02/18/2012 - 19:25 | 2173811 tmosley
tmosley's picture

I can't speak for him, but he is likely citing's inflation numbers.

Sat, 02/18/2012 - 00:25 | 2172328 dogbreath
dogbreath's picture



the price setting mechanism is fucked so the current price and its real value can't be discovered.    MF Global cleaned out how many speculators??  just remember the value of your fiat isn't declining.  this isn't about getting rich


Sat, 02/18/2012 - 00:31 | 2172338 HungrySeagull
HungrySeagull's picture

That's true. I am not trying to "Get rich" I have deleveraged so much that once the student loan is gone (I do think to flip a few bars of bullion to Uncle Sam and ask for the confirmation letter for the pay off... =)

what I remember is stories of wheelbarrows from workers piled with paper money so that they may eat lunch.

Or heard second hand stories about how currency in paper has failed and you need so much old currency to exchange for new currency.

Kinda difficult to do when the food riots begin.

Metals is a part of my thinking along with ammo and other contributions with my neighbors and family for the future if things get very difficult.

Sat, 02/18/2012 - 01:57 | 2172417 dogbreath
dogbreath's picture

When I watch many of those you tube videos that are posted here and that are hugely informative and then look at the number of views they have recieved my heart drops.  There is the so called 1%ers, the looters of this planet then there is this 1%, those of us here trying to find answers and educate ourselves.  This game has been played many time before in history, the only difference being that this time it is being played on a global scale.  ZH should have a million vistors a day not the relatively small crowd it does attract.   When interest rates finnaly go up everybody with debt will get wiped out or hammered hard within 5 years because they will be in default before they have to renew their mortgages or will see huge losses covering their loss of equity as the value of their assets decline in the enviroment of rising rates.   no debt, no paper, long vegatable seeds.

Sat, 02/18/2012 - 08:47 | 2172674 spinone
spinone's picture

People don't like to hear bad news.

Sat, 02/18/2012 - 11:17 | 2172779 GetZeeGold
GetZeeGold's picture



Say what again?



Sat, 02/18/2012 - 00:40 | 2172345 stacking12321
stacking12321's picture

don't mistake the value of silver with the silver paper price.

it is a small market with not a lot of liquidity, that's why jpm/blythe have enjoyed such success supressing the silver price

read silverdoctors, or tfmetalsreport, or ranting andy if you don't know what i'm referring to.

it might be discouraging to watch silver keep getting smacked down, but know that the end of the charade is coming soon - the more FRNs they print the more inflation rises, the sooner the endgame arrives. soon enough the dollar will collapse and be recognized universally as toilet paper, not the world's reserve currency.

Fri, 02/17/2012 - 23:02 | 2172202 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Here is a poll from my Blow-gah....

Which is most likely?

Dow 10k:  Gold $10k                                               17 (26%)   Dow 5k: Gold $5k   20 (31%)   Dow 36k: Gold $36k   8 (12%)   Dow 2k: Gold $2k   5 (7%)   Gold will be higher than the Dow in a few short years   14 (21%)
Fri, 02/17/2012 - 23:02 | 2172205 HungrySeagull
HungrySeagull's picture

The Dow is irrevelant.

You can count it in peices of 8 or you can count it in some imaginary number.

Your choise.

Sat, 02/18/2012 - 05:44 | 2172570 stacking12321
stacking12321's picture


you kinda suck.

you post way too much and think way too little.

the formatting of your post is crappy, as is the content.

a little of you goes a LONG way!

Sat, 02/18/2012 - 11:48 | 2172814 silvermaister
silvermaister's picture

12321 ,,,,you retard

Sat, 02/18/2012 - 01:32 | 2172392 I think I need ...
I think I need to buy a gun's picture

no way,,,,,its going up...... min 20k and 20k........

Fri, 02/17/2012 - 22:19 | 2172134 holdbuysell
holdbuysell's picture

"Yet even a simplistic analysis indicates that while in the 1980s gold was a hedge to runaway inflation, in the current deflationary regime, it is a hedge to central planner stupidity that will result as a response to runaway deflation."

While not mine to call, that's a quote for the week.

Now, time to grab some popcorn and watch the video.

Fri, 02/17/2012 - 22:31 | 2172153 Cheesy Bastard
Cheesy Bastard's picture

I agree.  This is what the Roubinis of the world miss, that they have only identified the first step in a multi step process.

Fri, 02/17/2012 - 23:15 | 2172228 geekgrrl
geekgrrl's picture

I second.

This was exactly the reason I first bought gold in 2008: central planner stupidity. Except I would call it theft, not stupidity. If the Fed debases our savings by massive printing, how is that not theft?

With QEx and ZIRP and other banker schemes (TARP, HAMP, Cash for Clunkers, mortgage refi, etc), saving in dollars is like being legally pickpocketed every single day.

Sat, 02/18/2012 - 00:14 | 2172315 DaveyJones
DaveyJones's picture

theft - many criminals, once caught claim stupidity

Sat, 02/18/2012 - 21:51 | 2174086 geekgrrl
geekgrrl's picture

Do they? I don't think that's going to work for Ben and Timmay.

Sat, 02/18/2012 - 20:08 | 2173890 Papasmurf
Papasmurf's picture

If the Fed debases our savings by massive printing, how is that not theft?



It's called central planning

Fri, 02/17/2012 - 22:21 | 2172138 Dave Thomas
Dave Thomas's picture

This sounds like that NIA sheyster.

Fri, 02/17/2012 - 22:23 | 2172142 fonzannoon
fonzannoon's picture

Is that the guy that Schiff consistently hammers for his pump and dump scams?

Fri, 02/17/2012 - 22:34 | 2172157 cristo
cristo's picture

yep that's one of those guys he has a chanel on youtube vision victory

Fri, 02/17/2012 - 22:44 | 2172178 Dave Thomas
Dave Thomas's picture

Well I know there is that George 4 Title guy who is somehow associated by NIA, then they have that suave smooth talking guy. I think the brains behind the whole thing is that kid that looks like Rusty from National Lampoons Vacation.

I'm getting a NIAish vibe from this is all I'm saying really.

Back in 2006 a doom montage like this would have given me some serious chub and spurred a trip to Costco, or triggered a buying spasam at ye olde coin shop.

Now it's sort of like, "Yeah? Is that it? Know when the game's on?"

Sat, 02/18/2012 - 01:53 | 2172413 A Nanny Moose
A Nanny Moose's picture

Which Rusty?

Sat, 02/18/2012 - 01:11 | 2172378 tmosley
tmosley's picture

That is definitely the same narrorator, and the videos look just the same.

Beware pump and dumps from this website.

Sat, 02/18/2012 - 11:59 | 2172835 trav7777
trav7777's picture

yeah, his "$60 by next week" call was a bit out there.

So was his "Hyperinflation IMMINENT" and "silver will reach a price of 10x that of gold"...just total insanity.  Thanks for sounding the alarm responsibly on this type of ridiculous hyperbole from pumpers.

Sat, 02/18/2012 - 17:21 | 2173605 tmosley
tmosley's picture

Aww, Trav is sticking up for NIA.

Sat, 02/18/2012 - 23:00 | 2174204 trav7777
trav7777's picture

I don't know how a rational person could POSSIBLY infer that from what I just said...

Sat, 02/18/2012 - 23:06 | 2174209 tmosley
tmosley's picture

Yeah, you wouldn't know how rational people think.

Now, back to scribbling on the walls of the local alleyway with your own feces about how black people are the source of all the ills of society.  Go on.  How are people going to understand your message if they can't smell it?

Sun, 02/19/2012 - 00:50 | 2174337 trav7777
trav7777's picture

you have clearly lost your mind

Fri, 02/17/2012 - 22:27 | 2172148 AUD
AUD's picture

Deflation? Didn't you see the $1 billion government note the police just confiscated in Italy?

Fri, 02/17/2012 - 22:37 | 2172166 Conrad Murray
Conrad Murray's picture

Inflation? Deflation? Democrat? Republican?

Bullets and bullion, FTW

Fri, 02/17/2012 - 22:56 | 2172192 Long-John-Silver
Long-John-Silver's picture

Don't forget you need beans too.

Fri, 02/17/2012 - 23:00 | 2172199 Hulk
Hulk's picture

Not according to my wife...

Sat, 02/18/2012 - 01:12 | 2172379 tmosley
tmosley's picture

Cook with a potato.  You don't get gas.

The enzyme in beano was isolated from potatoes.

Sat, 02/18/2012 - 11:40 | 2172804 Zadok
Zadok's picture

Soak beans in clean water and whey 12 hours.  Necessary for digestion and proper absorbtion, side effect is very little gas.  


Long vertical farming and natural foods!

Best reference book behind the Bible is "Nourishing Traditions" by Salley Fallon.  

Sat, 02/18/2012 - 14:32 | 2173153 Hulk
Hulk's picture

I like the gas, it gives my wife something to complain about...

/major fucking sarc

Sat, 02/18/2012 - 17:59 | 2173672 HungrySeagull
HungrySeagull's picture

Wife and I had gas once after eating a meal in Arizona.

It took 4 states with all the windows and everything open half hanging out of the rig and all for it to dissipate.


Fri, 02/17/2012 - 22:46 | 2172181 Hman
Hman's picture

I see few banksters commenting on this blog, they are so detectable :)

I am going today to buy more Silver, just to revenge your comments with action.

Fri, 02/17/2012 - 22:28 | 2172150 SAT 800
SAT 800's picture

In the modern language; "It is sooo NOT 1980". That's really the base issue, here. It's not that something is different; everything is different. Everything is different in different ways; whole nother things are existing and goin'on that didn't even exist in 1980. It's just plain silly to even discuss 1980. Period.

Sat, 02/18/2012 - 03:00 | 2172467 Deo vindice
Deo vindice's picture

@SAT 800 - you are right. Very right. The price drivers of 1980 bear no relation to today. The sooner people understand that, the better decisions they can make.

Gold and silver are headed higher ... much higher.

But not for the reasons they soared in 1980.

Fri, 02/17/2012 - 22:37 | 2172161 non_anon
non_anon's picture

yes, I was alive in the 1980's, remembering Tom Brokaw or David Brinkley, on the morning news with the gold news, my parents were paying 19% interest on their $20k house, I will never forget the 70's.

Fri, 02/17/2012 - 23:05 | 2172206 HungrySeagull
HungrySeagull's picture

Those houses were bought and paid for with war labor or soldiery.

We cannot hope to see the young folks try to buy a home anymore.

Fri, 02/17/2012 - 23:12 | 2172220 Conrad Murray
Conrad Murray's picture

The young folks will just have to accept that the life-of-credit lie their socialist boomer parents lived is not reality. There are plenty of affordable houses in the rust belt. In Cleveland you can have your choice on nearly any block for under $50k(and most under $25k).

Is it glamorous? Will they be like their favorite "reality" TV star? No. But if that matters, they should be thrown off a cliff with their boomer parents anyhow.

Sat, 02/18/2012 - 00:34 | 2172340 HungrySeagull
HungrySeagull's picture

Well, I lived the 401k lie along with being exhorted to attend school and be loyal to a company long enough to retire etc etc.

All fantasy and a rude toss out into the gutter with two weeks pay from HR woke me up.

I did attend Money at high school and felt like the only kid who was interested with the material. The poor teacher suffered much abuse from everyone else bored to tears.

That is why I moved into metals. I lost 30 years and aim to get it back and then some.

I lead by example. Some young folks in school now will do well to do the same.

Sat, 02/18/2012 - 01:12 | 2172380 non_anon
non_anon's picture

oh yes, I'm draining my 401k, saying fuck you to TPTB, I about pulled the tirgger to buy a house in 1999, 100k loan, glad I didn't, now I'm in the ditch and say fuck it all! Good Day!

Sat, 02/18/2012 - 03:26 | 2172496 SHRAGS
SHRAGS's picture

Mescaline, your alkaloid of choice.

Fri, 02/17/2012 - 22:36 | 2172162 cristo
cristo's picture

this video was brought to you by the national inflation asossiationor NIA the kings of pump and dump .

Fri, 02/17/2012 - 23:18 | 2172234 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

That does not preclude the veracity found in this video!

Fri, 02/17/2012 - 22:37 | 2172163 Crawdaddy
Crawdaddy's picture

I was knee deep in 18yr old poon that year - rumble in the jungle babay. I think that asshole Vockler got credit for that too.

Fri, 02/17/2012 - 22:47 | 2172179 AgShaman
AgShaman's picture

Slewie is in charge of bringin' the Jethro Tull. (think bungle...not rumble)

My advice to you would've been to graduate from dry humping and get "balls deep" in some 'Poon-ani'

.....even if it's "Cross-Eyed Mary"

Fri, 02/17/2012 - 23:22 | 2172213 slewie the pi-rat
slewie the pi-rat's picture



Sat, 02/18/2012 - 00:26 | 2172334 Hulk
Hulk's picture

Me thinks you have met your match !!!

Cross eyed Mary, LOL !!!

Sat, 02/18/2012 - 00:45 | 2172342 David449420
David449420's picture

OH, No, No, No...  Jethro Tull?

Locomotive Breath

"No way to Slow Down"

(Turn it up)

Fri, 02/17/2012 - 23:17 | 2172233 francis_sawyer
francis_sawyer's picture

probably have to steer clear of Aqua Lung if you're going for the Poon-ani...

Fri, 02/17/2012 - 22:40 | 2172174 blindman
blindman's picture

"Gold's value is intrinsic: it is the only Absolute that humanity recognises; it is innate in all men.

Gold (and Silver) represent the confidence in governance or more correctly, those elite that have control of governance.

Gold never changes in value. Only confidences change and essentially, this change is brought about by the abuse and manipulation of values wrought by those elite of governance.

The expression/tools of governance are the fiat currencies. Today, they are all done. There is only one Universdal known to mankind: it is Gold and Silver bullion.

Humanity does not need yet another violent revolution as such makes things worse; we need an intellectual revolution - Une force tranquille.

The intellectual revolution has begun and its carrier is the Internet. It is the only tool that we, the unwashed have. Do not allow the Internet to be usurped by the elite incompetants and corrupt. You do not want to go here!

It is all about natural physics (physis) and Universal Principles and standards. But, we know of no Universal Standard.

Gold (and Silver) is a hedge to survive the impending Dark Age. The more that buy Gold and Silver (like the Chinese and Indians) the shorter the Dark Age - it will be demographically expressed!

Asians ("Gold Bugs"), make up ~3/4 of the global population.

Who is right?" pjb

How Usury Kills - an excellent x4 video set - here

” bodies without souls will,
with their judgments,
give us rules
teaching us
how to die well. ”
leonardo da vinci

Delusional Economics

Sat, 02/18/2012 - 11:49 | 2172820 Zadok
Zadok's picture

The days of judgement...they are a coming.  


Psa 15:5  He that putteth not out his money to usury, nor taketh reward against the innocent. He that doeth these things shall never be moved. 

Pro 28:8  He that by usury and unjust gain increaseth his substance, he shall gather it for him that will pity the poor. 

Eze 18:12  Hath oppressed the poor and needy, hath spoiled by violence, hath not restored the pledge, and hath lifted up his eyes to the idols, hath committed abomination, 

Eze 18:13  Hath given forth upon usury, and hath taken increase: shall he then live? he shall not live: he hath done all these abominations; he shall surely die; his blood shall be upon him. 


Ohhh please, I would so like an intellectual awakening...

Ecc 9:13  This wisdom have I seen also under the sun, and it seemed great unto me: 

Ecc 9:14  There was a little city, and few men within it; and there came a great king against it, and besieged it, and built great bulwarks against it: 

Ecc 9:15  Now there was found in it a poor wise man, and he by his wisdom delivered the city; yet no man remembered that same poor man. 

Ecc 9:16  Then said I, Wisdom is better than strength: nevertheless the poor man's wisdom is despised, and his words are not heard. 

Ecc 9:17  The words of wise men are heard in quiet more than the cry of him that ruleth among fools. 

Ecc 9:18  Wisdom is better than weapons of war: but one sinner destroyeth much good. 

Fri, 02/17/2012 - 23:07 | 2172215 Mister Minsk
Mister Minsk's picture

Funeral preparations are currently being made for the Amerikan Dollar. The end is near my friends. What's in your wallet?

Fri, 02/17/2012 - 23:18 | 2172217 AssFire
AssFire's picture

To induce vomiting click the link.....

What if people call out for the "white vote"???? This is insanity plain and clear... in front of our eyes, yet still not one person in the room will make a move for fear of being called a racist.

This country is dead. Press the reset.

So tired of working hard for worthless currency, I'll just vomit over being so stupid for continuing the game myself....

I am blasting out BOTH ends and still more fuckin Fiat.

Fri, 02/17/2012 - 23:25 | 2172247 Conrad Murray
Conrad Murray's picture

African Americans for Obama? That's like White Americans for Genocide; it goes without saying.

Fri, 02/17/2012 - 23:40 | 2172276 AssFire
AssFire's picture

You promise to off LaToya when you get out; we can call the genocide thing even... (whatever the race)


Sat, 02/18/2012 - 00:41 | 2172347 geekgrrl
geekgrrl's picture

Exactly. White people have been voting for white presidents for so long now that you don't even have to say these things.

I'd just like to say I'm white and I'm not for genocide.

Sat, 02/18/2012 - 00:57 | 2172367 AssFire
Sat, 02/18/2012 - 10:39 | 2172756 blindman
blindman's picture

One Percent. Actually, Half of That
"Mitt Romney won the Maine Presidential Primary with 2,000 votes.
Not BY 2,000 votes. WITH 2,000 votes.
In a state with 1.3 million people, exactly 5,585 of them cared about the Republican nominee for President enough to bother to vote. In an open caucus, not limited to voters who had registered as a Republican. Even an unregistered voter could show up, register, and vote.
It wasn’t a case of bad weather. The weather forecast was that there was a chance of two to three inches of snow. Which never fell. And anyway, in Maine, two to three inches of snow is a light sprinkle.
The real winner of the 2012 Maine Republican Presidential Caucus was a French fellow named Je M’En Fou. (Translation: “I don’t give a damn.”) Mr. Fou got 99.5% of the vote. If Kim Jong Il were still alive, he would be jealous.
To show you how low this turnout was, when I ran for Congress in 2008, I got almost 100 times as many votes as Mitt Romney did on Saturday. In a congressional district half of the size of the State of Maine.
The Republicans must think that GOTV doesn’t mean Get Out The Vote, but rather Go Observe TeleVision.
The right wing has been a manservant to the One Percent for as long as I remember. In fact, a friend recently suggested to me that GOP actually stands for “Greedy One Percent.” But now, it seems, they can’t even get one percent to show up and vote." ...
Alan Grayson

Sat, 02/18/2012 - 02:00 | 2172422 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Conrad, there is no reason to bring Bill and Melinda Gates into this discussion.  Their African vaccination program is to help the blacks in Africa.  The fact that the vaccines contain sterilants and are often weaponized is just part of their program to spread love to their African friends.

Sun, 02/19/2012 - 00:07 | 2174284 trav7777
trav7777's picture

vaccinating africans will merely lead to mass starvation of them later.  they will not feed themselves nor can hold together a civilization.  Only western food aid and the remnants of the gifts of colonization sustain africa at present

Sun, 02/19/2012 - 00:05 | 2174282 trav7777
trav7777's picture

genocide?  What?  WTF are you blathering about

Sat, 02/18/2012 - 00:20 | 2172321 geekgrrl
geekgrrl's picture

You've got a point, although I think I heard the same exact speech from Clinton back in the '90s.

Anyway, I think you're over-reacting a bit. I am no Obama supporter in any way, but this doesn't really indicate the end of the world to me. I actually thought his sales pitch was pretty lame with that background soundtrack. Can't put my finger on it... maybe insincere... grandiose... an attempt to induce a strong feeling à la Steven Spielberg and his awful manipulative soundtracks.

Whoever wins: Obama, Romney, or someone else, it will be bad for most of us. The money masters will not permit political change to occur via elections. It's all a show.

Sat, 02/18/2012 - 01:54 | 2172415 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

"To induce vomiting click the link....."

I took your advice and it worked but this is gonna be an extremely difficult "weight loss program"!

Sun, 02/19/2012 - 00:07 | 2174288 trav7777
trav7777's picture

he wants to backpat blacks again for the rights whites fought so they could have?

Fri, 02/17/2012 - 23:09 | 2172218 Dermasolarapate...
Dermasolarapaterraphatrima's picture

Dow v GLD 1 year:^DJI&l=on&z=l&q=l&c=gld



Fri, 02/17/2012 - 23:17 | 2172231 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Bueller?!  Bueller?!

Sat, 02/18/2012 - 08:36 | 2172662 GetZeeGold
GetZeeGold's picture




....and deeper we sank. Who could have seen this coming?




Sat, 02/18/2012 - 15:22 | 2173257 Snake
Snake's picture

boola, boola, boola!

Fri, 02/17/2012 - 23:14 | 2172222 Peter Pan
Peter Pan's picture

Gold's value does not rely on trust or confidence as fiat does. It is what it is and if after 5000 years of history people still don't understand its value as insurance and as a refuge between investments or ventures, then there is nothing we can do other than watch them suffer as the system goes from one shock to another. In another 5000 years gold still will be recognised as VALUE. Can anyone honestly believe that fiat from today will have any value whatsoever?

Fri, 02/17/2012 - 23:26 | 2172250 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Which would you rather hold in your hands "today", this circa 1980 babe laying in fiat or a roll of 1980 one ounce gold krugerrands?!

Sat, 02/18/2012 - 00:26 | 2172333 slewie the pi-rat
slewie the pi-rat's picture

shit, tuco, i had a one-night stand once and 11 years later, i was free again!

i call that slewie'sLastStand

"today"?   1980 babe? 

can you give me an easier one, please? 

Sat, 02/18/2012 - 01:37 | 2172397 EvlTheCat
EvlTheCat's picture

Irish Whiskey or a Billy Beer?

Sat, 02/18/2012 - 01:50 | 2172408 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Yes, I apologize Slewie!  That was too easy.  I should have knocked a couple decades off the babe's age and noted that she gives great head!


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