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Guest Post: Here’s The Good News: You’re Not Bank of America
Submitted by Simon Black of Sovereign Man
Here’s The Good News: You’re Not Bank of America
Ten years ago, Goldman Sachs’ Jim O’Neill coined the term “BRICs” to lump together a group of large, rapidly-growing economies that we all know well: Brazil, Russia, India, and China.
True to his thesis at the time, growth and development in these countries has left the rest of the world for dead over the past decade.
But all good things must come to an end… and it’s now clear that the BRICs are in for a much more difficult period.
China is slowing fast. Property prices have stalled and begun pulling back, souring a huge component of economic growth. The same goes for the country’s infrastructure spending.
Even China’s stalwart manufacturing sector is showing signs of contraction based on the most recent November numbers.
In Brazil, the economy (which is highly dependent on exporting natural resources to Asia) has ground to a halt. Further, the debt-fueled domestic consumption binge among Brazilian households is slowing as debt service burdens have reached nearly 30% of the average Brazilian paycheck (vs. 16% in the US).
India, meanwhile, is struggling with runaway inflation, a collapsing rupee, political gridlock, and a series of high profile corporate collapses– led by Kingfisher Airlines, the plaything of flamboyant tycoon Vijay Mallya, who has been forced to personally guarantee the company’s debts.
The rupee is the worst performing currency in Asia this year and has just fallen to a record low versus the US dollar. The Indian economy is really on the skids. Industrial output was 5.1% lower in October versus a year ago. Output of capital equipment, which is considered a good leading indicator of future economic activity, fell a much more drastic 25.5%.
And now, to top things off, political unrest in Russia following the recent election there has seen troops battling protestors on the streets of Moscow.
It’s clear that the BRICS cannot be the engine room of global economic growth.
Meanwhile, Europe is a complete basket case, and the euro is looking increasingly as though it will be consigned to the dustbin of history. Across the pond, the US is trying to put a brave face on its jobless recovery whilst kicking a $15 trillion debt bomb down the road.
Anyone who steps back and looks at the big picture has -got- to recognize the absurdity of this situation.
Now… here’s the good news: you and I have a huge advantage. Citi, Deutsche Bank, Unicredit, etc. are sitting on incalculable losses, unrealistic obligations, and worthless paper that will destroy their organizations. They’ve been accumulating these for years and have no way of avoiding the endgame. We do.
We, on the other hand, are little guys. If you and I want to cut our exposure to these silly pieces of paper that governments pass off as currency, we can do that easily. We can easily do that by buying gold or productive land overseas.
Bank of America, on the other hand, has to hold Tim Geithner’s dirty laundry.
These banks that are crushed under the weight of managing hundreds of billions of dollars have very few choices– government A’s worthless bonds, or government B’s worthless bonds. We have an entire universe of options.
No matter if you have one hundred dollars, one hundred thousand, or one hundred million, your choices are far, far greater than these pitiable schmucks who are desperately clinging to the fraud that is our global financial Ponzi system.
The stores of value and investment opportunities for our savings are still out there; you just have to look in nontraditional places.
As for me, I’m investing my time, money, and energy in-
a) precious metals (a traditional store of value to some, a barbarous relic to others)
b) business opportunities in exciting frontier economies like Mongolia (and perhaps soon to be North Korea!)
c) shorting the obvious financial system absurdities (like loaning the US government money for 30-years at 2.9%)
d) deeply undervalued and distressed assets (such as stocks that are trading for less than their net cash per share)
e) farmland in Chile… where no matter what happens in the world, we will have high quality organic food to eat and the possibility of obscene profits in the event of steep inflation.
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Little Timmuh has soiled himself ....again.
quiet bailout is looking more and more like truth - http://hedge.ly/uBfYt7
print that shit, bitchez
Check out the man boobs on the human pos Barfy Prank. This is what happens when ugly women breed with ugly men.
http://www.realclearpolitics.com/video/2011/12/19/barney_frank_wears_revealing_shirt_on_house_floor.html#.Tu_aBbThsYs.facebook
I know a retirement place that the congressman (?) deserves to go to and where he would feel right at home.
http://www.youtube.com/watch?v=i725FCBJIxA
yawn
ZZZzzz sshhhsshh, sleeping now........
Let's not forget Uncle Warren's BOA investment. Makes me want to go buy some Berkshire stock
Buffy's bathtub cycic vision 101...
In other words, we can "go Galt."
oh yeh, mongolia..........go ahead . be my guest............
oh and chile? i get warm fuzzy feelings all over about chile........
Yeah, Tyler, a number of the items on your list will be highly illiquid, like stocks supposedly valued at less than their fiat cash on hand, in a market for their paper and assets that will be illiquid. Not everything on your list looked good, Tyler.
Not Tyler.
Simon Black.
Touting Chile, as always. Some good points nonetheless.
If you look just at debt, Chile is at about zero to GDP. Good mining country and rich agriculture. Sounds fairly ok to me.
Also, more stable than most South American countries to boot.
Lets face it, the options are getting smaller by the day for long term investors.
When SHTF you DO NOT want to be an outsider in any land. Period.
Amen
where do you go to find those numbers?
Did you notice the GUEST POST before the name of the article
"...by buying ...productive land overseas."
Productive for what? Have you tried to buy or better yet sell land in Costa Rica? Chile? Colombia? France? the Bahamas? Romania? Hong Kong? Singapore?
Sorgham? What else were you thinking?
"In theory, theory and practice work. In practice, they do n...."
"The difference between theory and practice is a lot bigger in practice than it is in theory'
Read the post first you Dildo.
i know, maybe we can start a llama farm there HPD
Almost as warm as those engendered by the coming opportunities in N. Korea. Mmmmm boy! I can hardly wait.
Get your wealth spread all over the 3rd world, subject to political upheaval and laws(?) that treat foreigners like dirt.
We have our problems, for sure, and pain is coming, but I'll still take my chances here. After all, we have both the biggest MIC & unlimited fiatscos to pass around. Every other foreign country has to know that if the military doesn't get you, the currency manipulation will.
Real practical Simon. How are the Mongolian neighbors going to react to a gringo operating a profitable farm while everyone around him are starving. You better have quite an arsenal.
Mongolia and Chile. Gee, where do I sign up?
mongolian magic word : koumis.
Mongolian girls are quite hot, a mix of Asian and Russian, classy, and smart.
Sign me up.
Although, my friend Art Phister dated one who turned out to be a meth-head in Singapore.
www.singledudetravel.com
I'm already signed up, and based on my experience I'd say that your assessment is accurate
hurry sign quick with simons people!!! free chilean inflation protection bonds with the purchase of your new chilean house with gringo pricing!!!! hurrrrrryyy!!!!
Let me know how it goes with the productive land in the Gobi desert.
Basically, I breathe, I am worth more than zero, hence worth more than BAC, MS, C, GS, etc, etc.
Guys like the morgue and the squid will always come up smelling of roses no matter WTF happens. You will never be worth more then them. Suggest you park your dough there.
So they can co mingle it? Or maybe so that they can sell you shit products?
Keeping your money at the squid is like storing your blood with a vampire.
Good News: You're not on the House floor having to stare at Bawny Fwanks man-boobs...which one's Fannie and which one's Freddie? I'm sure he's named them after the two babes that suckled at them most.
http://www.realclearpolitics.com/video/2011/12/19/barney_frank_wears_revealing_shirt_on_house_floor.html
Needs Spanx or a Manssiere. At least he took his nipple rings out.
Somebody needs to milk him fast, before he starts mooing...Volunteers anyone ???
Milk? No. Meat packing plant.
Ok you've lost me completely with North Korea. Have you seen the new boss in NK? He is like, WTF?
His dad was another "WTF is this." The Koreans must be desperate; they're creating their dear leaders out of bread dough left to rise in man-shaped clay pots.
EDIT: This right here is five kinds of fucked-up:
http://www.realclearpolitics.com/video/2011/12/19/staged_north_koreans_extremely_emotional_over_kim_jong-ils_death.html
Is the whole thing staged? Or are they really crying hysterically? I don't know which interpretation would be worse.
Looking at new boss, I think they are beginning to miss old boss already.
All look pretty well fed and clothed, all lined up nice and neat - the NK 1%? Should be terrified at the thought of having to starve to death like the NK 99%'ers. The crying probably is sincere in that light. If it were me, certainly would want to be seen publicly bawling hysterically to stay on the 1% list with the newest "Brilliant Comrade"....
I was thinking "high level plutocrats and family pulled from the party offices and bused in" so yeah, what you said.
I suppose their chances depend on which way Sonny takes things. If he liked his dad, these folks are probably okay. If he didn't, then these folks are out of work and some of them may be out of time.
BidnessMan
Well, those people 97% of them were forced to do the political WORLD SUCK up.
You think for one second those people are going to miss the bastard that's starved most of them to death for the sake of the Military?
Dream on....................bow, scream,wail,or DIE.)OFF cam)
They've just been brainwashed since birth, like Christians. For them it as if Jesus just died.
So now all Christians are brain washed? And how did you arrive at this conclusion Einstein?
Your wasting your time, thnk of him as...fertilizer, ooh, not very christian of me you say.. I prefer the parts about Joshua..
Christianity or Paulianity? Was James the Righteous brother of the Lord and leader of the Jerusalem Assembly pitched from the high parapet of the temple by the 'Liar'? Some opine the tosser to have been Saul of Tarsus? Brainwashing is an interesting question indeed.
http://www.bibliotecapleyades.net/scrolls_deadsea/deadsea_scrollsdeception/scrollsdeception13.htm
There fixed it.
But it wasn't worth it, because now I'm grossed out.
First Barny's manboobs and now Timmy's dirty love rod. This day is really twisted lol.
I doubt either one is too big to fail
Bonuses will be record high again irregardless.
But what are the internet speeds in Mongolia and do they outperform Lithuania? Did Steve Jobs ever sleep in Mongolia? Come on Simon man up!
Never underestimate the bandwidth potential of a camel loaded with backup tapes hurtling down the highway
LOL
...pulling a cart of cards.
Isn't Mongolia where they have that sweet fermented horse milk? They got that going for them.
everything is about the yak. they drink the yak milk, burn the yak shit for warmth and cooking....these people will have no issues when tshtf
Been trying to get long mongolian yaks, but liquidity and communication with the nomads has been an issue thus far. Anybody know of a synthetic long with high correlation to mongolian yak? Shorting the shanghai for now.
make sure you take physical delivery asap. i heard mf global customers who had their yaks stored only got yak body parts sent to them as compensation.
Doubt my wife would let me take physical delivery of a yak.
Looks like I'm gonna miss the investment opportunity of a lifetime. Again.
This yak appears to be a unicorn with only 3 legs. http://139.78.104.1/breeds/other/YAK/yak4.gif
She worried about competition?
Yak butter is burned in lamps for light, too.
When SHTF you want to be in a place where people speak your language and share your values (for the most part). Oh, and you want to be where the infrastructure will hold up no matter what. Roads, ports, airports, pipelines, refineries and so on. All that has to be considered when leaving the US for some of these more exotic places. When it comes right down to it, you'll be better off in the Continental US than in Belize, Costa Rica, Mexico or Chile. Flights will always go within the Continental US but I'm not so sure if there will always be flights to/from said places. Same goes for imports and shipments.
your gold will buy you a NetJet card, your personal FedEx worldwide.
right on walkure. plenty of good land still in the states
Yep. Just get away from the coasts and things become clearer. I look forward to leaving Manhattan behind me soon, very soon. Good fucking riddance.
I hope there is absolutely nothing for you when you get out of Manhattan.
The "middle" has been decimated by masters of fraud, as you shall see.
Do what common good is left in the US a favor and stay there -- you fags deserve it!
Seems a bit harsh
Don't trouble yourself he has been brainwashed, thinks the entire universe came from fairy farts..
the US also has, even in the absence of today's military projection, the ability in all but the extremest of cases to project TOTAL hemispheric dominance, as long as Brazil is kept care of. This means we can avail ourselves of admittedly dwindling Messican oil production, Canada's sands, venezuela's tar, etc. And there ain't shit anyone foreign can do about it just on the basis of geography alone.
You assume the U.S. will maintain itself as a single entity. The really scary thought is the types of warlords the breakup of the U.S. would spawn.
With NDAA passed, you're absolutely right.
And your last sentence is correct too assuming you're in the top 1%. Otherwise you're in the "anyone foreign" bucket as well.
I'm gonna hack it out in the US because I love this beautiful continent, and I love the fucked up genetic and cultural melting pot that we swim in. Screw the twisted bastards that want to rule everyone by deceit, force, or coercion. I will outlast them - all of them.
NYC is still the cultural capital of the Western world and will remain so even when downtown and the flyover states are bankrupt. There is just too much talent and smarts on those streets to fail. Walk 5th Ave., Lincoln Center, or Broadway during the holiday season if you doubt me. The value of any culture is not measured in volume or sales, but the quality of the arts. "Only art survives".
I wonder if the Republic will survive.
The arts and artists will.
Really I don't like human nature unless all candied over with art.
Virginia Woolf
Great art reveals rather than covers.
Oh man, Wakanda, you call that shit on 5th Ave. art? If the value of any culture is measured by the quality of the arts, NYC is fuckin' bankrupt. But I repeat myself.
There is great showmanship, vocal arts, dancing, acting, textiles, craftsmanship, innovative stagecraft, lighting, jazz, rock, opera all over this country. NYC happen to be the biggest, not always the best, showplace. Love it or hate it, we have more great cultural choices than ever.
Most artists must meet their markets of supply and demand. It keeps them sharp and honest. Innovation drives the standards and audience expectations higher. Turn off the tube and get out in the streets. There is a revolution going on!
Only art survives.
Yeah, If things ever do get bad, I hear canvas with hummus is excellent.. You'll survive.
OMG I remember when I was so young - Broadway and art? Joking right?
The NYC art scene is a racket like any other. That was pretty obvious during the eighties with all the inflated prices.
But a good gig if you can get it!
Speaking the language is important but if the SHTF how do you know you will find people that share your values in the US ? I'm not sure.And I'm not sure how an emergency situation would play out. I think yes eventually flights, imports and shipments would resume but it might take a while. Just speculating.
TIME TO SHUT BOFA DOWN...
I guess the euro yen parity is flying under the radar. Maybe time for some YCS.
the whole system is a bric short of a load
Question : What is the difference between an Orthodox Jew and a White Supremicist?
Nothing. Both think their race is the master race.
fuck off.
Yes we the little guys can save ourselves and invest properly......... Until a carton of milk costs $300 and we're thrown into a FEMA camp for being out past 8pm...
Look at it this way. The FEMA camps are a good holding area for the bankers, elitist politicians and their families. Until we can figure out what to do with them next. There's a chance that a couple of them can actually work.
There are often a lot of good skill sets in sophisticated but corrupt people. Maybe they can create value in the free and open markets.
Part of investing in property should include a milk cow or goat. Carton not included.
Transparency is a problem and we have no idea how severe the losses at the big banks or Fannie/Freddie could be.
Here is my short piece on Fannie/Freddie transparency and how many subprime loans were purchased.
Even for the SEC vs Mudd/Syron civil auir, a lack of definitive definition of "What is subprime" results in difficulty in figuring out expected losses, who bought what, etc.
http://confoundedinterest.wordpress.com/2011/12/19/sec-versus-fannies-mu...
"you and I have a huge advantage. Citi, Deutsche Bank, Unicredit, etc. are sitting on incalculable losses, unrealistic obligations, and worthless paper that will destroy their organizations. "
indeed...it is oh so ironic that the cabal from jekyll island lectured congress and america about the virtues and superiority of central banking, using the british example as model for our own politburo's - i mean central banks - organization and operation....rife with advanced education credentials, the management of these sewers will be flushed down the drain with their debt drenched hopelessly conflicted banks...
what a bunch of (arrogant) losers.....and yet they have a purpose for the crisis and mayhem to ensue....
Found Big BAC shares listed on Micky D's dollar menu today! Went for the Big Mac!
Looks from here that you went from bankrupting your finances to bankrupting your body.
Tylers:
Could you put a byline on the summary blerb so that those of us avoiding certain flavors that we don't agree with don't have to click to see that?
thanks!
Speakin of dirty laundry, never ever believe anything official coming out of the Chinese High Command. Every province of China is going Greek fast.
http://www.bloomberg.com/news/2011-12-18/china-debts-dwarf-official-data-with-too-big-to-complete-alarms.html
but but Steven Rockefeller Jr believed them, no?
He is 'migrating' Mahattan over to Tianjun, according to the Bloomberg article. It can't be tbtc-omplete.
I can't imagine an 'unused' 588-meter Rockerfella Centre, can you?
Unless...Let's wait see.
Thanks for sharing.
I think our Simon is the basket case on it's own with many really cool things in it. Mongolian life style for Americans! I think its good idea. But for Simon hint about Mongolia and N.Korea connection or whatever he wanted to say, Mongolia was part of China man! I think Ullan Bator is your destination after you buy all that ag land in Chile. Just learn how to skin sheep, ride the horse, know how to cut throat with S.Forces knife and withstand the polution.
Maybe he says that you should put your money somewhere where you cannot go and some Gods of investments will take care of your money! Just have the fate in Tenger !
What the fucken poser!
Once again little shit "Simon" tricked several wealthy idiots to
"invest" substantial amount of money this time to farmland in Chile. Of course, they all going to loose once again big time unless our charlatan will be able to persuade several hundred looses to join "the safe heaven community" for the unrealistically high fees. Yes, Mongolia, North Korea, Mars I presume coming next. He is a master of transforming big fortune in a much smaller one. The only thing which continue to amuse me is seemingly unlimited amount of idiots willing to waste their money.
It doesn't really look like my "scene" either. Too damn cold, not enough trees. But that's my personal preference.
Ulaanbaatar, the main city. Boom town, the "wild east"?
https://www.youtube.com/watch?v=NWeRf16r3oQ
Contracts with nuclear industry signed (waste disposal, urnanium mining)
http://www.techdirt.com/articles/20111219/02551217124/list-internet-censoring-countries-mpaa-thinks-provide-good-example-us.shtml?utm_source=dlvr.it&utm_medium=twitter
this is cute
I'd put growing my own food on top of the list; looks like you'll be waiting on what's up in Chile, North Korea / China buffa', and Mongolia before you be chowin' down or betting on your local homies; not having made the most elemental IP decision of survival where you live and are local/locale.
<snip> original:
"......As for me, I’m investing my time, money, and energy in-
a) precious metals (a traditional store of value to some, a barbarous relic to others)
b) business opportunities in exciting frontier economies like Mongolia (and perhaps soon to be North Korea!)
c) shorting the obvious financial system absurdities (like loaning the US government money for 30-years at 2.9%)
d) deeply undervalued and distressed assets (such as stocks that are trading for less than their net cash per share)
e) farmland in Chile… where no matter what happens in the world, we will have high quality organic food to eat and the possibility of obscene profits in the event of steep inflation."
No!!!! Now is not the time to buy Gold....wait fir $490 per ounce...that's right $490!!
DEFLATION = dollar surges to record buying power!!!!
Remember my Bazooka Equation;
Equities Down = Gold Down
Equities Up = Gold Up
Synced not in scale but absolutely in direction.
"It’s clear that the BRICS cannot be the engine room of global economic growth.
Meanwhile, Europe is a complete basket case, and the euro is looking increasingly as though it will be consigned to the dustbin of history. Across the pond, the US is trying to put a brave face on its jobless recovery whilst kicking a $15 trillion debt bomb down the road."
Just figuring this out, eh? There's been absolutely nothing done to fix the system long term, other than to stack gold in the vaults of the central banks. Probably nothing. If you are on a sinking cruiseliner and the crew is loading supplies onto the lifeboats, what should you do? There's plenty of arguments on both side of the gold issue, but the people who know are stocking the life boats with gold.
http://charlotte.cbslocal.com/2011/12/19/police-salisbury-man-celebrated-45th-birthday-with-283-worth-of-food-stuffed-in-pants/
can't a brutha catch a break............
this is one of my theses........that shoplifting all over the place will become very acute as this country dies a slow death ........
About every 15 years the Chileans shoot a bunch of Gringos and then nationalize the farms.
The smarter Chinese learn to not buy the farm as prelude to confiscation. Fooled 'em more than twice so the genetic filter moves along though the variously decorated serial ownership narratives.
Call downstairs and tell them to send Mr Bernank up a new keyboard. He has tapped the 0 paint off the key on the keyboard, again.
Hold on, just a moment.
Mr Bernank said instead to send up a keyboard with brail. Make sure its brail.
He said the zero key with paint simply does not last and he has been through dozens of them.
He said with brail he can feel his way through this ordeal.
Mr. Black; If there is a future drop off in economic growth, it will likely affect the whole world. That drop off is going to be blamed on the US. Not that we didn't print endless amounts of money to keep the 1% rich in the worldwide banking system, and devalue everyone's currency to nothing. Why do you imagine the sovereign citizens, the 99%, Los Indignados, are going to be happy with anyone wealthy enough to suddenly show up and claim a little fiefdom of their own?
The chaos part you suggest leads to profit when you have just placed all your eggs in one basket and the offshore accounts are as meaningless as the paper they aren't printed on. Why won't the new government use nationalization of enemy assets abroad at worst, or simply impound your things forever, tie up your land ownership, and you become a target of xenophobia by some. Many a castle has been raised for less than this.
Since chaos theory is always used as a crowd pleaser and built in to your argument, but then a way to make money accompanies it that denies the chaos that will make the fiat worthless, forgive me if I find this conflict unworkable.
Santiago here we come !
490 for gold. Not gonna happen. I agree with most of this article although I have no desire to stake even confetti in another country. At some point TBT will be the trade of the decade but those trying to test the waters...have drowned.
Sold all my miners (time for all to load up, I am sure), dislike stocks, gold soft, so I have freaking confetti all over the place. Tough when you know the truth, act on it and still get slapped.
Might just take the rest of the year off. You know that slow bleeding feeling. Don't want to go there.
Take next year off as well. Don't expect major liquidity bazooka announcements before the elections.
EDIT: The fact you're posting same 4x over ... take a break..
490 for gold. Not gonna happen. I agree with most of this article although I have no desire to stake even confetti in another country. At some point TBT will be the trade of the decade but those trying to test the waters...have drowned.
Sold all my miners (time for all to load up, I am sure), dislike stocks, gold soft, so I have freaking confetti all over the place. Tough when you know the truth, act on it and still get slapped.
Might just take the rest of the year off. You know that slow bleeding feeling. Don't want to go there.
490 for gold. Not gonna happen. I agree with most of this article although I have no desire to stake even confetti in another country. At some point TBT will be the trade of the decade but those trying to test the waters...have drowned.
Sold all my miners (time for all to load up, I am sure), dislike stocks, gold soft, so I have freaking confetti all over the place. Tough when you know the truth, act on it and still get slapped.
Might just take the rest of the year off. You know that slow bleeding feeling. Don't want to go there.
490 for gold. Not gonna happen. I agree with most of this article although I have no desire to stake even confetti in another country. At some point TBT will be the trade of the decade but those trying to test the waters...have drowned.
Sold all my miners (time for all to load up, I am sure), dislike stocks, gold soft, so I have freaking confetti all over the place. Tough when you know the truth, act on it and still get slapped.
Might just take the rest of the year off. You know that slow bleeding feeling. Don't want to go there.
"China is slowing fast. Property prices have stalled and begun pulling back, souring a huge component of economic growth. The same goes for the country’s infrastructure spending."
There's a massive difference in China and the US here... and for whatever reason the media just doesn't feel like reporting accuracy.
The Chinese government, in reaction to people being unable to afford buying housing, have instituted a series of very heavy-handed reforms to FORCE prices down. Apart from these, there is essentially nothing stopping the boom from continuing, as Chinese have shitloads of savings. This is entirely intentional, designed to provide more mobility to normal people and it's a GOOD THING. Yes, rich people and rich developers are going to get hurt. But no one cares. Period, flat out, no one. There is no "lets all worship rich people even though we're poor as shit" culture here. We fucking cheer when the rich get fucked by reality. The government is the primary job creator and the government ensures that progress is made across all social classes, when things start getting out of balance, careful corrections are made to adjust. China is NOT the US, and China will never be the US, because no sane government would ever let things get that fucked up. You just keep hoping for that "hard crash" though, keep changing your definitions of it to be able to say it will happen... but it never will. YOUR hard crash on the other hand.... you're already in the death spiral to it and there is no way out.
Reminds me of two guys falling down a cliff. The one guy saying to the other guy "See! I told you".
The whole planet is gone, dude. Forget the spin. Your done, we're done, they're done. DONE.
DONE
You sir, are full of shit.
Now now let's be polite and extend a bit courtesy to him...
Ever wonder where the big Chinese banks got the cash to loan out to the developers and local governments?
All that savings gone into the "pool".
Thanks for sharing.
We need a website that can keep track of names and addresses of all crooks (banksters, lawyers, mortagage brokers, govt. employees, local and national politicians, educators & lobbyists) who have perpetuated this massive financial fraud, so they can answer to the people for their crimes against humanity be tried and sentenced by a new unperverted court that follows the US Constitution, when the great reset ensues in the near future.
"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights,[74] that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security" US Constitution July 4, 1776
I like it.
Kinda like indefinite detention without trial. We just incarcerate your name, without trial.
Only difference is that it is just one's name, not their person.....valuable info though, when the "war crimes" trials start on the other side. You know, that next war. The war on people, which has been going on for some time, now.
I have been saying to myself (because no one else is listening) that the 1% actually are trapped in the system. They have so many zeros to the right side of the left most numbers that they can not simply go down to the local coin shop and buy $10,000,000 in gold and silver. Sure, they can make an order. They can wait...a long time. Land, yes they can buy land, maybe buy oil and gas wells outright. But their herd mentality will prevent them from going Galt in any meaningful way. There is the occational Kyle Bass out there. But there are 10,000 not like him.
jubilee , whether you want it or not, bitchez
a) precious metals (a traditional store of value to some, a barbarous relic to others)
I'd like to try some of Barbara's relish, but I'd need to see a photo first.I enjoyed reading this as much as I enjoyed writing "Land & Wealth vs. Debt & Promises: The End Game" A little vindication is nice.
http://georgesblogforum.wordpress.com/2011/06/26/land-wealth-vs-debt-promises-the-end-game/
Starve the bastards some more:
https://www.optoutprescreen.com/?rf=t
...or Dick Bove
This is all so depressing.......A little Johnny Cash and Christmas Silver song....watch and listen here
http://www.youtube.com/watch?v=8g-v0jWHBlE&feature=related
Take your BOA credit card and max it out buying gold. That way, as we enter into the delfationary collapse period you will have no money, no credit AND gold worth $500 in which to gobble up assets for pennies on the dollar.
"High quality organic food." funny.
Here's how I am going to deal with BAC. I have a weekly check automatically deposited there. It gets me free checking and billpay. I exhaust that paycheck every week by paying bills and moving what is left over to a different bank. I also have an unsecured LOC with them and I am going to max it out and move the cash to another account electronically. Then I am going to write a check on that account and send it to my brokerage account with which I am going to buy a short term CD or bond. When it matures in 30-90 days I'll take the proceeds and open a new account at a new bank.
Let them claw that sucker back.
What if a thousand times more gold than is commonly known begins to hit the markets? What if it becomes illegal to trade gold or silver? Then I guess a can of tuna would probably buy a lot of gold. I can't afford the gold. I'm goin for the tuna.
Wait, wait, wait!
I thought we were going with Doug Casey to the Pampas of Argentina.
Now we're with Simon Black headed for the Coastal Ranges of Chile.
Do we have to hike over the Andes? Maybe there's a shortcut whose location he will divulge for a small sum?
nice article ...cheered me up being as my mini pm stash not lookin so good now... but lose the faith hell no...and yes we are not bank of america .. and have smaller perhaps but better choices in our armoury.. if i dont comment again which is highly unlikely for a fuckwit like myself have a great festive you all brightened my 2011 even robotrader and co
there is an IRONY in the Authors opinions:
He wants to LEAVE the US .. FINANCIALLY .... which is understandable
He consigns the EURO to the dustbin
And he wants to invest in areas he considers more SAFE or expansive for the Future
What he does NOT realize ( or may be is totally unaware of ) is..
that the expansion in the Countires mentioned for a very big part
is FINANCED by and thus made POSSIBLE in the first place
exactely by the EURO ..he thinks belongs in the Dustbin
EUROPE has invested FAR MORE than any other entity in the World
in Emerging Markets and this statement includes the USA
... take a look at BIS DATA .. and this would become CLEAR
for the Author
European Banks have thus invested 3.594.839.000.000 = 3.6 TRILLION USD in Emerging Markets
THe US Banks have provided a paltry 772.185.000.000 = 0.77 TRILLION USD in the same markets
ONE FIFTH ONLY