Guest Post: When Money Dies - A "Live From The Summit" Report

Tyler Durden's picture

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ivars's picture

Not all money will die , at least not until 2015:

What is next for stocks- have a look here with pictures:

http://www.tfmetalsreport.com/comment/65107#comment-65107

Predictions that are tested and eerie similarity of the USA and Greece stock markets.

 

And the conclusion for macro economic bacground that will rule 2012-2015:

Recession/deflation in the USA from q1 2012, further accelerating increase in unsustainble debt levels- default/inflation from jan 2015, loss of reserve status. 

One thing I can imagine will grow vs. other currencies during 2012-2013-2014 will be THE USD, unfortunately pegged by its reserve currency role and deflation at home.

Oh regional Indian's picture

I think you missed the war angle. And these 7+ sigma times we are living through.

ORI

ivars's picture

7+ sigma is taken into account. War ? what will it change? If USD is stable and and recession in the USA is deflationary , USA can launch another war in 2013-2014 at no cost at all (despite DEBT being driven out of the charts) . So that to position itself best before dafaulting in 2015.

Eally Ucked's picture

" If USD is stable and and recession in the USA is deflationary , USA can launch another war in 2013-2014" what if it's not stable and it's not deflationary?

daxtonbrown's picture

We've been in a civil war for quite some time - over debt bondage. That is, over slavery to $100 trillion plus in unfunded liabilities. Except civil War II is much more subtle. In part this is because the territory has changed given that the Internet is now a prominent communications media and conduit for wealth. So instead of standing armies, you have proxy armies of illegals and unionists and anarchists, etc. http://www.futurnamics.com/civilwar.php

Withdrawn Sanction's picture

If you can see it, why can't the market? And if the market does indeed see what you see, why wont it discount it, and in effect, front-run you?

Things have a nasty habit of playing out in the way we least expect (and, yes, that goes for me too).

No one expects the Spanish Inquisition

shazbotz's picture
George Soros in his own words End of the dollar Global Currency

http://www.youtube.com/watch?v=8AuqpJJDsr0

 



fonestar's picture

Gold and Silver don't die, just transient governments do.

baby_BLYTHE's picture

All fiat Currencies and governments have finite lives. Gold and Silver have infitinte life.

Ask any five year old if they would rather unearth buried treasury demoninated in paper currency notes or gold & silver bullion.  In short, they know what real money is- a safe stable longterm storage of ones productivity/labor.

Bolweevil's picture

Aye, the lass be right! What say ye Slewie?

ivars's picture

Not all money will die , at least not until 2015:

What is next for stocks- have a look here with pictures:

Revisiting Max Q | TF Metals Report

Predictions that are tested and eerie similarity of the USA and Greece stock markets.

And the conclusion for macro economic bacground that will rule 2012-2015:

Recession/deflation in the USA from q1 2012, further accelerating increase in unsustainble debt levels- default/inflation from jan 2015, loss of reserve status.

One thing I can imagine will grow vs. other currencies during 2012-2013-2014 will be THE USD, unfortunately pegged by its reserve currency role and deflation at home.

Robot Traders Mom's picture

Waiting for deadpool the government agent to start in...

carbonmutant's picture

"...a clear and present danger is no longer needed for acts of aggression"

Temporalist's picture

Warren/Barak Obamaha has already proven that.

PulauHantu29's picture

Vietnamese crushed France's colonial aspirations in Asia...Sarpozy now tries the French strength in North Africa.

Maybe he will get the next Nobel Peace Prize after all.

Quinvarius's picture

I am pretty sure France has previously tried the North Africa thing unsuccessfully as well.

LFMayor's picture

+1   See the movie March or Die for details...

Budd Fox's picture

Or "The Battle of Algiers"...for what matters...the second most resounding defeat of The Legion after Dien Bien Phu.

Withdrawn Sanction's picture

Maybury's a smart cat. He's made me a ton of money, and saved me a ton more.

{edit: this was supposed to attach to Carbonmutant's comment, but didnt}

Caviar Emptor's picture

Dougy Kass said he went in big with a long position on SPY this morning at 112. Sour already. He added to it on the way down. Bottom call on the year according to Doug. Yipes. 

Dapper Dan's picture

When the CAT dies then what?

CAT Caterpillar Inc 70.97 -2.81 -3.81% 11.7 583.5K -24.34%
LFMayor's picture

well, you know all those shovel-ready jobs that got talked up a couple years ago?  They're going to become a reality.

ziggy59's picture

 

Senate bill punishes China over undervalued money Senate bill would punish China for undervaluing currency, driving up costs of US goods

 

http://finance.yahoo.com/news/Senate-bill-punishes-China-apf-1880727910....

This should be a good show, no?

toady's picture

They will do ANYTHING to inflate instead of deflation.

PulauHantu29's picture

The Chinese?

Politicans must own no mirrors.

FreedomGuy's picture

This is first and foremost a political move, not an economic one. So judge it accordingly. About 20 nations peg their currency to the dollar and we are only singling out China. Don't expect much except noise and heat. However, the Chinese play for keeps so they might preempt.

Syrin's picture

Well ,this article only re-hashes what has been said here a hundred times already.   What I keep hoping to see are some real specifics.   Things like, "when X happens, then Y will happen and that will trigger the global financial apocalypse".   As it stands, we all agree that fiat currencies are essentially worthless.  precious metals are the place to store welath, and things will get ugly when TSHTF.   The questtion we all have is when does that happen, and how bad is it?   Decades long Depression?   Road Warrior 2 post apocalyptic world?   Just like today but for a generation or more like Japan?   Those are the things I want to see answered or at least speculated about in the most educated possible way.

 

I am preparing for a world more like Road Warrior 2 than modern day Japan.

RSloane's picture

I'm preparing for a modern day Japan where the only stimulating thing happening in production is brought about by a tsunami and a meltdown of a nuclear reactor. It sure isn't going to come from gov't policy.

Smiddywesson's picture

Well Syrin, I don't know either, but you can cross off your list the possibility of a decades long drawing out of the crisis like with Japan.  Japan was a creditor nation and it was an isolated crisis, so there were trading partners to keep the game going.  They were able to finance their spending with domestic debt, and the world wasn't awash in derivatives like it is today.

Speaking of derivatives, they dwarf the underlying economies, which are of course, utterly broke.  We were able to kick the can by using an incredible amount of leverage and printing, but that just made the inevitable collapse more inescapable.  What it did do was allow the central banks to stack a lot of gold at low prices.  When their stacking is over, they will pull the plug and put us on a gold referenced system.  Everyone in paper at that time will take a huge haircut, and the people who screwed us will run around giving interviews and saying "We never saw it coming." 

Alternatively, if TPTB fail, and the system completely collapses.  In that case, the TPTB lose control.  The upside of that is we have a shot at freedom.  The downside is society breaks down and we can't feed the 7 billion mouths we have to feed.  In a world of just in time delivery and zero inventory, things would get bad in a handful of days.  It would be like your Road Warrior II movie in about 2-3 months in many areas.  I am not banking on this.  TPTB don't intend to step down from power.  They will shoot all the rioters and start a war between nations to keep everyone busy long before they would let their fiefdom rise against their reign.

When:  If physical decouples from paper and there is no physical supply available, the jig is up and there is no reason to kick the can.  The failure of the EU with cascading bank collapses would force their hand.  I'd be surprised if we get out of 2012 before the G20 announces a new monetary system.  Hell, it's on the agenda already.

Shameful's picture

Have to agree with a lot of what you say, but not the time.  Their ability to kick the can is simply amazing.  Personally I'd expect 2013 to be the time when real honest to goodness crises kick off that J6P can't ignore.  Oddly enough that is when the EU Bailout Mechanism is supposed set to be in place.  New currency systems take time, for that I would expect later like 2015-2018, next major war depending.  But that's just one guys opinion I could be wrong, but seems like there is still many stages left in this drama.

The important thing to remember is the big boys set up this game, so it stands to reason with all the resources art their disposal they knew which way the game would play out and could place their bets accordingly.  A good con man should always know the con he is running.

DoChenRollingBearing's picture

Syrin, Smiddy,

I have no idea what will happen either, other than it will likley be bad.  It has mystified me for years how long this has dragged out, but a denouement seems to be very close now.

Since I cannot predict WHAT will happen and WHEN, I am trying to cover as many bases (cases) as possible.  Diversification!

kridkrid's picture

I hate reading something when I agree with the points being made, only find a pitch is being made as well.  It doesn't make the message wrong and I certainly don't begrudge people from making a living, it just doesn't feel right.

slewie the pi-rat's picture

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our robots are standing by!

people just like you can't wait to hear what these people said, so save $100 and order the whole yet-to-be-produced audio set for only $395.00!!!  the offer is only good till oct 3, when the conference ends, so, order now! 

RSloane's picture

That's exactly the impression they give.

Tidewater's picture

I vomited a little at "hard act to follow, indeed."

If I were asked to make a list of the writer's ten most prominent character traits, obsequious would certainly be one of them, and likely near the top. The word derives from the Persian tale The Ass-Kisser, where a rank-and-file editor sets about to impress his boss with groveling peonage. Long story short, the young man ends up embarrassing himself on ZeroHedge – and the word “brekke-noser” later entered the language to describe such adventures.

A classic Casey moment. Indeed.

JW n FL's picture

 

 

One of them is that the US dollar is a store of value. That’s wrong, and you can profit from it.

Until Germany pulls the eject lever..

Until Europe falls..

Until New Yorks Finest opens fire on the portestors, becuase JP Moragn gave them another $4.6 million.. the dollar will out perform the other shit floating in the toilet!

Period.

Yen Cross's picture

 Who was the ass clown that , hung himself in a (AZ) prizon cell for selling { KOOL VITAMINS}?

LFMayor's picture

David Carradeine... right?

Yen Cross's picture

 It was a a pun. Go reload your bullets.

LFMayor's picture

oh no man... it was Mike Hutcheson of INXS, right?

Yen Cross's picture

Speaking of [CAP's] .   I still like that band! A little Van Halen? I need a teacher? sarc/  (: ,dribble

slackrabbit's picture

Hang on...Where is my free set of steak knives?

SILVERGEDDON's picture

PUT THAT COFFEE DOWN!!!!!!!! Coffee is for closers!!!!!! First place is the trip to Hawaii. Second prize is the Ginsu steak knives. Third prize? THERE IS NO FUCKING THIRD PRIZE! YOU 'RE FIRED!!!!!!!!

Yen Cross's picture

Where is "Orson Welles" when ya need him?

SILVERGEDDON's picture

Orson Welles is sucking on "Rosebud" - back end of Bernanke's britches, bitchez!

Rhodin's picture

Send us $400 quick.   

We will tell you how the rest of your money will die!

Hurry.  Special offer expires soon!

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