This page has been archived and commenting is disabled.

It May Be 2008 All Over Again, But There Is One Key Difference

Tyler Durden's picture


The financial press has been inundated with articles comparing what is happening in global markets now to events in the latter part of 2008. Sure enough, the surge in Treasurys from 100 to 143 in the last two months of 2008 following the Lehman bankruptcy is most comparable to the move in the same security from 122 to 140 in the two months since the beginning of July 2011. What is disturbing is that the bulk of this move has happened after the August 2 debt deal, and after the announcement of QE2.5 or "ZIRP through mid-2013" by the Fed on August 9. Additionally, stocks have also traded in a pattern very reminiscent to what happened during the first round of the Great Financial Crisis, but the lock up in capital market liquidity, especially in Europe, may be the most obvious parallel between the two time periods. That said, there is one key difference between 2008 and 2011. Bill Buckler, in the latest edition of his Privateer, demonstrates what it is...

A Race In Opposite Directions:


How scary is it? The best illustration comes from the $US Gold price. The “price” of longer-term US Treasury debt has risen by 14.75 percent since the beginning of July. Over the same period, the $US price of Gold has risen from $US 1482 to its August 19 spot future close of $US 1852. That’s a rise of $US 370 or 25 percent. Yet US Treasury debt and Gold are polar opposites in any sane evaluation of the financial system. Treasury debt is the foundation of the global monetary system. Gold is the pariah of the global monetary system and has been locked out of it in any official form for four decades.


With all the comparisons to the events of 2008 which have been appearing in the mainstream financial media, this comparison has been all but totally overlooked. Cast your mind back to the carnage of late 2008. During that period, almost everything was sold off. While it is true that Gold did not fall nearly as far as did most of its fellow “commodities”, it is nonetheless a fact that in the two months between mid September and mid November 2008, Gold fell from about $US 920 to $US 700. That’s about 24 percent.


There were two financial assets which boomed in late 2008. One was Treasury debt, the other was the US Dollar. While Gold and everything else was falling out of bed, the trade-weighted US Dollar index - the USDX - soared 21 percent from 73 to 88.2 between early August and late November 2008.


Compare that to what is happening now. Treasuries are soaring but the US Dollar is, at best, flat. And Gold in terms of EVERY major paper currency has gone ballistic. This time, things do look different.


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sat, 08/27/2011 - 17:00 | 1608062 Hugh G Rection
Hugh G Rection's picture

They blew their wad in 08, no appetite for more bailouts.  I get the feeling the EE will engineer another false flag to try and rally the serfs against another boogeyman.


Didn't Larry Silverstein take over the lease for the old Sears Tower?

Sat, 08/27/2011 - 17:02 | 1608067 cossack55
cossack55's picture

But you would have to hire union demolition-types in Chicago. 

Sat, 08/27/2011 - 17:06 | 1608074 Hugh G Rection
Hugh G Rection's picture

Nah, they'd probably outsource it for cheap, and pay em with cyanide laced plastic rice.

Sat, 08/27/2011 - 18:01 | 1608183 spiral_eyes
spiral_eyes's picture

fuck all your bearish goldbuggers!!!

groupon bitchez!!!


Sat, 08/27/2011 - 18:16 | 1608215 Spastica Rex
Spastica Rex's picture

That was actually quite funny to me. +1

Sat, 08/27/2011 - 18:32 | 1608251 Flakmeister
Flakmeister's picture

Maybe we get groupon to push precious metal discounts....

Hey, nothing wrong with a little hope...

Sat, 08/27/2011 - 18:46 | 1608281 spiral_eyes
spiral_eyes's picture

Hahahahaha groupon pushing PMs with the margins they get?

That's about as likely as Bernanke NOT printing.  

Sun, 08/28/2011 - 08:32 | 1609139 espirit
espirit's picture

Fed may not be inept as most may believe. Their playbook dates well before 2008, even before Bubble 2000.

Serf wages are the real target, in an effort to increase export. 

BTW- Long my precious physical PM's.

Sat, 08/27/2011 - 19:14 | 1608361 Vergeltung
Vergeltung's picture

true that.


Sun, 08/28/2011 - 00:19 | 1608891 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Fuck Groupon.

Buy silver.

Sun, 08/28/2011 - 03:58 | 1609047 Flakmeister
Flakmeister's picture

I wouldn't fuck groupon with William the Bastard's cock...

Call me old fashioned but I prefer the yellow stuff....

Sun, 08/28/2011 - 09:55 | 1609207 JW n FL
JW n FL's picture

Dear Flakmeister ,


It is not cheating if Gold never finds out.. dont limit yourself.. live a little.. taste the fruit, participate in the dance.


My Very Best to You and Yours as Always, JW


P.S. Monster Boxes are Great! becuase they come in a Box! the reason I say that is becuase my first 500 did not come in a box and I bought 100 oz at a time.. when I was I love with the idea but not in love with the physical yet.. Trust me.. Monster Boxes.. will make you so very happy.. and for the little things in life.. oz.'s of Gold are just to, too much of a tip.. and I am not walking around with a cut in half gold eagle?? that for some reason irks me.


Sun, 08/28/2011 - 10:20 | 1609228 Flakmeister
Flakmeister's picture

Yeah.... I think I got one hanging around here somewhere.... :)


Sat, 08/27/2011 - 18:44 | 1608277 Iwanttoknow
Iwanttoknow's picture

Technically this is not a reply.This is my first post on ZH.

When Roosevelt said that he was a zionist and asked whether Stalin also was one,the communist leader responded that he"was one in principle,but he recognized the difficulty".(Yalta-the price of peace-S.M Plokhy--page 315-Viking(penguin group-2010.

Sat, 08/27/2011 - 19:22 | 1608373 Michael
Michael's picture

Welcome to ZH and thanks for your contribution.

Facts can sometimes be unpalatable.

Sat, 08/27/2011 - 19:47 | 1608411 SMG
SMG's picture

When you guys use the word "zionist" to refer to the Oligarchy, people tend to confuse that with jewish people, which is incorrect.    They Oligarchy is more correctly refered to as Lucifarian or Illuminati.   If you really care about helping, it would be great if you used clearer terminolgy.   Thanks.

Sat, 08/27/2011 - 19:52 | 1608420 Michael
Michael's picture

All Oligarchy are Zionist, doesn't matter what ethnicity they are. The color of money is the only thing that matters to them.

Sat, 08/27/2011 - 20:02 | 1608433 SMG
SMG's picture

All I'm saying is the Zionist term is often confused with jewish people, and when the people with torches and pitchforks are looking for someone to blame, the term Lucifarian or Illuminati avoids any confusion with jewish people.

Sun, 08/28/2011 - 09:48 | 1609202 tamboo
tamboo's picture

mmm yeah nothing satanic about the talmud.

Sun, 08/28/2011 - 10:00 | 1609214 JW n FL
JW n FL's picture

what we have learned from this little back and forth exchange is!

and I can vouch for this as well.

You can bash anyone you want.. as long as no one thinks you are reffering to a Jew..

here is what the Jews think about Zionists! I guess these Jews are Secret Nazi's like me.. shhhhhhhhhhhh dont tell anyone..

looks like 300,000 - 400,000 self hating Jews who LOVE Hitler along with me.. secretly of course!

Sun, 08/28/2011 - 10:04 | 1609219 JW n FL
JW n FL's picture

for my more hardcore brothers.. watch this and then grasp the idea that I am communicating to you..

the more people you can reach and change the mind of.. the more good you are doing.. other than that you are just working on your own ego.. we care more about progress than our egos.. or we should..

"a spoonful of suger helps the medicine go down, in a most delightful way."

Changing Hearts and Minds, that is the Job!

Sun, 08/28/2011 - 12:05 | 1609365 Max Hunter
Max Hunter's picture

Actually, all you are doing is trying to confuse further by assigning the crimes to a name or group that could NEVER be identified and diverting attention from Zionist Crimes against the world.

That will work much better on the Yahoo and MSM boards.  It will be promptly rejected here, as it should be..

Sat, 08/27/2011 - 20:04 | 1608435 augie
augie's picture

I'm glad there is a discussion regarding this terminology. Until i watched "the ring of power" I too was fooled into thinking zionist equated with the jewish people. It's amazing the more you learn the easier it is to see how the zionists have kept us divided for so long. 


Ring of power doc:


Sat, 08/27/2011 - 21:56 | 1608641 Cliff Claven Cheers
Cliff Claven Cheers's picture

Don't waste your time.

Lots of claims, but no evidence.  Pure BS.

Sun, 08/28/2011 - 00:25 | 1608898 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

What's important to remember here is that there are those out there that wish to destroy the common man's freedom.

Get a grip, buy silver.

Sun, 08/28/2011 - 01:27 | 1608942 Libertarians fo...
Libertarians for Prosperity's picture



The overused "buy silver" mantra or any rhetoric about stacking physical metal (exempli gratia: keep stackin'!) comes in handy when you don't have anything intelligent to say, but you still want to feel some acceptance from other, like-minded doomer goons.  

Within the internet "doomer" community, any rhetoric about "beans, bullets and bullion" is basically the online version of a secret handshake.  It immediately lets other doomer goons know that you're a whacked-out weirdo like them.  It's a bit like going to a Tea Party rally, and holding a sign that says "I want my country Back!" It's no different than holding a sign that says, "I WANT TO FIT IN, HERE!"     



Sun, 08/28/2011 - 01:42 | 1608962 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I am no doomer.  Life will be better without the corporations.  And why do you stereotype me so?  I am no libertarian.  I do not support any party. 

And who are you, so high in your tower to tell anyone else what is happening?  Do you like having the government run your monie?  You do understand that the income tax is illigal?  You do understand that America has a higher per capita prison rate than any other country?  You do know that 45 million people are on food stamps?  One out of every four children?  You do understand that corporations use slave labor?  You do know these things, right?

There are big problems out there, and we, your dommers, are trying to discuss them, so to solve them.  You want to stereotype us.  Why?

The oilgarchs have stolen your soul, you smiley face hitler wuss.  Get a life, stop harassing people, and grow up.

Besides, silver is monie, and when you start something, why stop?

Buy silver.

Sun, 08/28/2011 - 11:14 | 1609291 eisley79
eisley79's picture

The first rule of TROLL CLUB, is dont feed the trolls.

1.) He is mad (and jelly)

2.) He wants attention, which is actually like holding up a sign saying "LOVE ME, EVEN IT HURTS, JUST LOVE ME"

3.) All his posts proves he doesnt have a clue about anything

4.) Best thing to do is ignore them, eventually they get bored and move on to somewhere else, for their attention seeking.

Sun, 08/28/2011 - 03:36 | 1609035 Gavrikon
Gavrikon's picture

I prefer Guns, Gold, and Groceries.

Thank you,

Tinfoil Hat Wearer

Sun, 08/28/2011 - 04:02 | 1609049 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

Piss off, you've been torn apart on so many threads now you want to appear supirior to someone

Keep stakin'

Sun, 08/28/2011 - 09:39 | 1609194 css1971
css1971's picture

Have you noticed how all of your posts are about making you feel good about yourself by pidgeonholing individuals and then denigrating them through the groups you claim they represent?

Clearly you just want to be a part of those groups, as you said, to fit in. Clearly, this is all about you. You are projecting your feelings and desires.

Don't worry. We understand.

Sun, 08/28/2011 - 12:26 | 1609398 Calmyourself
Calmyourself's picture

Perfectly played +

Sun, 08/28/2011 - 01:32 | 1608963 The Man in Room Five
The Man in Room Five's picture

Damn 5 hours? tl;dw

Sun, 08/28/2011 - 09:43 | 1609196 Inibo E. Exibo
Inibo E. Exibo's picture

5 hours?  Seriously?

Sat, 08/27/2011 - 20:58 | 1608532 indygo55
indygo55's picture

Some of the confusion may come from the Iranians who always refer to Israel as the Zionist state.

Sat, 08/27/2011 - 23:42 | 1608833 Cathartes Aura
Cathartes Aura's picture

Some of the "confused" attended the Glenn Beck rally in Israel:

Beck will be supported on stage by the actor Jon Voight and mayor of Jerusalem Nir Barkat. The audience will be overwhelmingly comprised of American Christians who have bought package deals covering flights, accommodation and access to three Beck events in Israel this week. Many are Christian Zionists, whose ardent support of the Israeli state stems from the belief that the "ingathering" of Jews to the Holy Land is a prerequisite for the second coming of the messiah. However, their insistence that Jews must then convert to Christianity has alienated many Israelis.

Among the audience will be some of the 81 US Congress members who are visiting Israel this summer as guests of the American Israel Education Foundation, which is an affiliate of the pro-Israel US lobby group Aipac.

The purpose of the delegations – which comprise one-fifth of Congress members – is to "learn first hand about the evolving security situation in the Middle East, the deep challenges facing Israel, and the role the US can play in the region during this time of uncertainty," according to Democrat Steny Hoyer.

of course, there will be some confusion from the followers, as Beck's Mormon religion also includes a Zion, a "new Jerusalem" to be established in Jackson County, Missouri.

so many Zions, so little time. . .

Sun, 08/28/2011 - 03:39 | 1609037 Gavrikon
Gavrikon's picture

"However, their insistence that Jews must then convert to Christianity has alienated many Israelis."

If the Israelis don't believe it is going to happen, then why would they give a rat's?  No, the alienation has another source, which I am wont to understand.  Non-zionist, conservative Jews (as hard as they are to find) are some of my favorite people.

Sun, 08/28/2011 - 14:21 | 1609594 Cathartes Aura
Cathartes Aura's picture

perhaps an answer lies in the two factions of Zionism, the Christian sort, the Jewish sort - both have a narrative that needs to use the other for their own "end game" - Christians need the story of Zion for the Jews so that Christ can come back & smite the Jewish folk for happily ever after, and Jewish Zionists need the monetary support of the nationstate Christians vote in - a symbiotic parasitical relationship that ultimately is killing the host(s), and taking us all down with it. . .

just to note, I have good friends who identify as Jews, though not religiously - I've zero problems with folks taking up identities offered but have resistance to those who seek to control and abuse the many to feed the few.

Sun, 08/28/2011 - 19:16 | 1610261 FeralSerf
FeralSerf's picture

Jews are G_d's Chosen People, not Christians! Why would the master want to convert to a slave?

Sun, 08/28/2011 - 19:18 | 1610264 FeralSerf
FeralSerf's picture


Sun, 08/28/2011 - 11:54 | 1609349 snowball777
snowball777's picture


Sun, 08/28/2011 - 17:55 | 1610045 jonjon831983
jonjon831983's picture

Funny, I read a book about America and the Middle East since Independence and there was a mention of Zionists who were mostly Christians who wanted to create some homeland for the Jews in Palestine and fulfil some notion of prophecy, but most Jews seemed to not even care for this land.

Sun, 08/28/2011 - 04:20 | 1609056 macholatte
macholatte's picture

All Oligarchy are Zionist

Are all Zionists oligarchs?

Sun, 08/28/2011 - 04:36 | 1609063 Flakmeister
Flakmeister's picture


you'll wake up the zionist anarchists....

Sun, 08/28/2011 - 05:07 | 1609079 moregoldplease
moregoldplease's picture

From other threads I thought all the problems were caused by the Boomers

Sun, 08/28/2011 - 05:58 | 1609090 macholatte
macholatte's picture

All oligarchs are Boomers.

Sat, 08/27/2011 - 20:11 | 1608449 Iwanttoknow
Iwanttoknow's picture

I do not imply that Zionists are jewish people.Zionist are Khazars who converted to judaism in 7th centutry,as an opportunistic move.You are right.Zionist form  only a part of the Oligarchy.

Sat, 08/27/2011 - 20:27 | 1608470 SMG
SMG's picture

You and I may know what Zionist means (establishment of a world Illuminati capital in Palestine/Israel), but most people don't.  Even in your statement you see how the Zionist term causes confusion.   First you say they aren't Jewish, then you mention the conversion to Judiasm.  See that's confusing.   If I were you and and really cared about stopping the Oligarchy and bringing them to justice, I would stop using the term Zionist and start using the terms Lucifarian and Illuminati.  It is much clearer and doesn't bring jewish people into it.  Thanks for listening.

Sat, 08/27/2011 - 23:29 | 1608810 Iwanttoknow
Iwanttoknow's picture

I did mention that was an opportunistic conversion.I do agree that the real goal is to bring the oligarchy down.Zionist pretend to be jews but are very likely luciferiean.However,jews have an obligation and a self interest in exposing them.Zionist have caused untold suffering to jewish people and will continue to inflict suffering on jewish people,by hiding behing them.Zionist are not jewish but a very important part of the illuminati.

Sat, 08/27/2011 - 23:50 | 1608852 Cathartes Aura
Cathartes Aura's picture

How do Christian Zionists fit into your story?

Joe Biden says he's one.

Sun, 08/28/2011 - 00:33 | 1608901 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Considering the only "Jew" that goes to Bohemian Grove is Henry Kissinger, I think they fit in quite well.

Take the Illuminati down:  buy silver.

Sun, 08/28/2011 - 00:53 | 1608929 Cathartes Aura
Cathartes Aura's picture

Not all Jews are Zionists, some Christians are, etc. etc.

But I'll agree with the "Illuminati" naming argument - and reserve the right to believe there are others even more nefarious hidden in the shadows. . .

Clue folks: if you can SEE them and know a NAME, they're not the 'droids you're looking for - stop making figureheads your target, do some more research.

As to your "buy silver" - oooh never fear sir, you and many others here, including JBravo, arguing the toss *cough* last summer made the case for me - money has always come further down my list of *needs* - but after the case was made, I gladly jumped in to "kill the morgue" or whatever shiny crusader story anyone likes - I "went all in" because it felt like a continuation of my long-held stance, if it's fucking with a system, count me in!

so cheers sir!  and the rest of you who hold the devil's metal on principle!

Sun, 08/28/2011 - 01:53 | 1608983 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

He who bears the light is called many names, and his torch, too.

Sun, 08/28/2011 - 03:20 | 1609030 Mac1492
Mac1492's picture

god damn i love zerohedge great info oozing with sarcasm and movie references  really this site is absolutley brilliant.... but god damn people argue about some fucking stupid shit ...

Sun, 08/28/2011 - 03:35 | 1609033 Mac1492
Mac1492's picture

sometimes fuckers get so cought up in words and clever fucking dialage on their way to  describing  the fucking forest that they loose site of the trees.... my generation is fucked we will never out prosper our parents, and our parents will suffer knowing that they illequipped us  for the suffering that is ahead of us.. the boomers fucked up the hippies got to drugged out and now we live in an america that has lost its identtity... buckle the fuck up and when shit hits the fucking fan remember to turn to ur parents an grand parents and say thank you..

Sun, 08/28/2011 - 04:04 | 1609051 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

and to not give them a single ounce of the good stuff

Sun, 08/28/2011 - 13:19 | 1609471 Chump
Chump's picture

Shit is getting real.  Don't waste your energy being pissed at people you can hopefully lean on, and vice-versa.  Things will be hard enough as it is.

Sun, 08/28/2011 - 14:24 | 1609599 Cathartes Aura
Cathartes Aura's picture

'fess up, you get paid per "fuck" - amirite?

Sat, 08/27/2011 - 20:59 | 1608535 Hugh G Rection
Hugh G Rection's picture

Ya, welcome to ZH IWTK.  Some people hear the word Zionist, and prefer to brand you an antisemite, rather than digest your argument.  A large part of the scumbag Oligarchy are Jewish, and the Israel AIPAC lobby uses our politicians like dimestore whores, but I don't think any of us "hate" an entire race or religion of people.  Divide and conquer I guess.


Thanks augie, now I have to spend 5 hours watching another documentary tonight!

Sat, 08/27/2011 - 21:34 | 1608595 SMG
SMG's picture

Which is exactly why you shouldn't use the world Zionist.  

You are wrong, the inner circle of the Oligarchy are NOT Jewish, but Lucifarian.  Some of the names like Rothschild sound Jewish, but they practice a Lucifarian religion where they beleive they are the god.  They are the ones who control the lobbyists that control our politicians.  The Illuminati are always trying and blame jewish people for their misdeeds, (see blood libel, WWII), and that is how they win.  Get the useless eaters fighting each other, Jew vs Christain, Black vs White, Iran vs Israel.  US vs China.   When in reality it is all a puppet show controlled by the Illuminati to have us kill each other, and not fighting them.

Freedom fighters unite!

Sun, 08/28/2011 - 00:58 | 1608938 Oh regional Indian
Oh regional Indian's picture

Zionism, Shionism, Khazaarism, Is-Realism? In the world of finance, politics and genral matters of huge global interest and unrest, out Zionist bros and sis's abound. Zionisto and Zionista. I think they are best known by "how" they are rather than "who" they are.

I think when the cabal recruits, they are very open to races/cultures etc.

They are very specific about personality type, the appropriate degree of psychopathy, usually a HUGE weakness, influential parentage and the willingness to follow orders.

I think we all know a few Zionists.

And this is 2008 on sympathetic resonance steroids. A standing wave of inccredible proportions is building, with all the increased amplitude (price swings, volatility in general).

When this potential finally goes kinetic, it will be something. And nwo it is clearly due before September 20th. 

Taut strings, FTW!



Sun, 08/28/2011 - 03:38 | 1609036 Mac1492
Mac1492's picture

ur fucking retarted 

Sun, 08/28/2011 - 03:48 | 1609038 ToNYC
ToNYC's picture



I Just Wanna......


There, wasn't that easy?


Lucifer brought the light and the Truth set the finders free.

The Book got thrown at the rest who thought everything was free.

Sun, 08/28/2011 - 03:51 | 1609042 Mac1492
Mac1492's picture

so u celebrate festivus?

Sun, 08/28/2011 - 04:12 | 1609050 Flakmeister
Flakmeister's picture

You are wrong, the inner circle of the Oligarchy are NOT Jewish, but Lucifarian.  Some of the names like Rothschild sound Jewish, but they practice a Lucifarian religion where they beleive they are the god.  They are the ones who control the lobbyists that control our politicians.  The Illuminati are always trying and blame jewish people for their misdeeds, (see blood libel, WWII), and that is how they win.  Get the useless eaters fighting each other, Jew vs Christain, Black vs White, Iran vs Israel.  US vs China.   When in reality it is all a puppet show controlled by the Illuminati to have us kill each other, and not fighting them.


I read this...

Took a bong hit...

Read it again...

Then it made sense...

At least I thought so...

Ah fuck, I forgot...

Sun, 08/28/2011 - 12:09 | 1609367 snowball777
snowball777's picture


Driving home from my meth lab
Realized something had changed
Looked in the sky
Saw with my eye
The moon was following me

Where's the shadow government when you need it?
Where's the shadow government?
When it's a bad, bad world
It's a bad, bad world

Sifting through the confetti
I picked up my broken phone
Looked in the crack
Somebody waved back
Just sitting on their somebody throne

Up the library steps
Up the library steps
Here comes
The Humvee

Crawling out of the flophouse
I saw the mayor stealing my junk
I doth protest, citizen's arrest
Now my body's in his trunk


Mon, 08/29/2011 - 18:43 | 1613310 Barbar
Barbar's picture

I'm more curious about the zionists who f-16 Gaza Strip for breakfast. They must be stray-buddhistafarians gone ronin. 

Sat, 08/27/2011 - 21:39 | 1608601 spiral_eyes
spiral_eyes's picture

zionists are people who believe in an ethnocratic jewish homeland in palestine. the khazar connection is very dubious. the evidence from haplotype is that there has been very little genetic migration in and out of judaism. perhaps a few of the khazar kings and aristocracy integrated, but there is no evidence that the overwhelming majority ashkenazim are not middle eastern. 

i criticise israel/zionism for its foreign policy, and for the fact that it is effectively an apartheid that denies human rights to much of its arab-palestinian demographic. that is a fact. i believe in a one state solution where everyone has equal rights; that is anathema to many people on both sides, but its the only solution which will work in the long run.

you don't have to invoke questionable/possibly anti-semitic stuff about khazars to criticise israel/zionism.

Sat, 08/27/2011 - 22:28 | 1608692 RockyRacoon
RockyRacoon's picture

All you sonsabitches need junking for being so far off topic.   But I'm too lazy to do it.  

Sat, 08/27/2011 - 22:42 | 1608708 DoChenRollingBearing
DoChenRollingBearing's picture

One for you Rocky.

Sat, 08/27/2011 - 22:47 | 1608719 Snidley Whipsnae
Snidley Whipsnae's picture

Exactly right, Rocky...

Occasionally I think I have clicked on a religious site by mistake...

Sun, 08/28/2011 - 00:52 | 1608927 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I think it is always pertinent to discuss that there is an entity out there that is starting, or has started, a New WOrld Order.  Whatever you wish to call them, they are there.  They are the families of the Herberts and Walkers, the Piecrces, the Rockefellers and Morgans, the Rothchildes.  Are they all Jews?  Christains?  No, but they are all part of the big con.

Take them down:  BUY SILVER.

Sun, 08/28/2011 - 08:33 | 1609140 Snidley Whipsnae
Snidley Whipsnae's picture

L Hendrix... I agree with this part... "Take them down: BUY SILVER."

But, about a bunch of super wealthy families working in perfect harmony to achieve 'a new world order'...?

This defies human nature. Perhaps a few families can work for a short time on a particular goal but at some point disagreements would arise, as happens in most families, and they would go their own ways toward acheiving a/the goal.

Think about it... These people have the worlds biggest egos...and people like that are not want to take advice or orders from anyone.

Not saying you are wrong because I heard Rockefeller in a rare PBS interview say that he was proud of his work on globalization... But I doubt they could pull together over generations.

Sun, 08/28/2011 - 11:54 | 1609350 Founders Keeper
Founders Keeper's picture

I agree with you, Snidley.

I don't know what the attraction or fascination is for folks who believe in conspiracy families working in concert across generations.  These otherwise intelligent believers require no evidence to support their theories.  The belief must be validating something for them.  Or, maybe it's just fun for them.

(Say, Snidley.  Before I forget to ask, when are we getting together for our next bigfoot sighting?)


Sun, 08/28/2011 - 12:25 | 1609397 Max Hunter
Max Hunter's picture

The evidence surrounds us in our everyday lives and those with insight are not waiting for "evidence" to present itself in the form of documentation.  it's not so hard to put together, we are on a course, a trajectory, and of the few of us that see it, it is even fewer that speak out against it.  This is because they fear people like you will label them.  That's unfortunate..

Mon, 08/29/2011 - 00:26 | 1610893 Founders Keeper
Founders Keeper's picture

[...and those with insight are not waiting for "evidence" to present itself...]---Max Hunter

Then you'll love our Bigfoot sightings.  Join us.




Sun, 08/28/2011 - 14:39 | 1609626 Cathartes Aura
Cathartes Aura's picture

Snidley, a case could be made for those families Mr.LH listed having continuity of rulership over time, yes?

Even a shallow bit of research shows at least a century of Bush family "covert agenda" and the Rockefeller's go back much further. . . as do many "banking class" families. 

I don't really subscribe to the ONE overall agenda, but I do believe many of these historical bloodlines work behind the scenes, and many have the same end goal, albeit with the occasional hiccup & detour - all one need do is look at who funds the show (war profiteering, fiat creation, usury), who benefits, who directs the story memes. . . the same names recur frequently, as do the same belief systems guiding them.

Sat, 08/27/2011 - 22:51 | 1608729 SMG
SMG's picture

I know, sorry.   In a way it is on topic, because the Oligarchy set the up the crash 2008 and the one coming in the near future.

Seems like alot of troll/agents who keep bringing up this stuff.  I feel lilke if I just let it go,  the oligarchy, who wants to make my life miserable/kill me gains ground, in what I think is one of the last bastions of truth in the world.

To me it really seems like they are trying to:

1. Post racist stuff on here to disrupt/discredit ZH.

2. Try and deflect blame from the Oligarchy.

3. Confuse the idea of who the Oligarchy actually is.

Those three ideas are about killing truth, and I feel like ZH and the truth is worth defending.

Sun, 08/28/2011 - 12:20 | 1609389 In Fed We Trust
In Fed We Trust's picture

We should take shout Glen Beck who I'd now hosting a show in ISreal?

Isn't us his job to confuse people and hide the true face ov the enemy,

According to Glen, it's the leftist that are causing all the problems.

It ain't the Jews, the bankers, the illuminati or the Luciferians ( new to me)

It the NWO, it the LEFTIST.

Go suck some Jewish dick you fucking clown, Glenbeck.

Sun, 08/28/2011 - 12:30 | 1609401 In Fed We Trust
In Fed We Trust's picture

Let's not forgot Soros is a Jew. His parents died in the holocost.

He never presents himself that way.

You have Glen beck constantly blaming Soros for the worlds problems .

Soros funded media matters funds attacks on Glenn beck ," requiem for clown" google that shit.

In the meantime Glenbeck is ISreal sucking some Jewish dick and slapping them high 5s on job well done on the 911 coverup

It's a a fucking circus act.

Call em Leftists, bankers ,liberals , illuminati, Lucer.... But never call them a Jew, unless it's Hanaka

Sun, 08/28/2011 - 12:36 | 1609410 In Fed We Trust
In Fed We Trust's picture

And the newest Ziionist jew to the club is Matt drudge.

Controlling people's thought and investment trades will headlines hand picked by Soros.

Google Soros theory of refexitivity " and see how Matt drudge is the feedback mechanism for Soros to control the entire media world.

Sat, 08/27/2011 - 22:58 | 1608739 SMG
SMG's picture

You are wrong.  Israel is an Illuminati puppet.  The Jew vs Arab conflict is just a tool of the Illuminati to cause strife.  Forget Zionism, it's a tool of distraction to deflect blame from the Lucifarian Oligarchy, the people cause all of our misery.

Sat, 08/27/2011 - 23:28 | 1608807 SMG
SMG's picture

Exactly why when we talk of the Oligarchy, we should always use the term Luciferian or Illuminati, to get the word out to everyone.

Sun, 08/28/2011 - 00:41 | 1608909 Mugatu
Mugatu's picture

This entire Zionism/Oligarchy thing blows balls.  I get "tired head" just reading it.  Reminds me of that time the channel got stuck on Oprah.  Let me make it all very simple - its about money which equals power.  Who gives a shit if they drink blood, act like Vampires or any other kind of creepy thing that old rich fucktards do.

Sat, 08/27/2011 - 23:14 | 1608777 keep the bastar...
keep the bastards honest's picture

sure.However re 'questionable' about 40% of their mitochondrial DNA passed down through the mothers is gentile. There is genetic evidence also in Y passed down male line. They seem to care about it. Easier to be glad to be alive like the rest of us.

Sun, 08/28/2011 - 11:02 | 1609273 optimator
optimator's picture

Difficult to forget the constant brainwashing, but one must constantly remembef there is a difference between:

Jew      and     Zionist

Nazi     and     German

Commie  and  Russian

Sat, 08/27/2011 - 22:47 | 1608717 Diogenes
Diogenes's picture

Oh great, another troll dragging the Jews into everything. Wonder which agency this one represents.

Non sequiter much?

Sat, 08/27/2011 - 19:41 | 1608407 eureka
eureka's picture

What does "EE" mean? Who is/are EE?


Sat, 08/27/2011 - 19:58 | 1608422 nope-1004
nope-1004's picture

EE = Evil Empire, which basically comprises the entire banking cartel headed by Benocide the chairsatan, and Timmy the little cock sucker that can't.

The EE is responsible for gold and silver price suppression, oil Brent / Crude spread manipulation, and endless paper printing to satisfy blow, hookers, and high priced pads out in the Hamptons.  Of course, citizens in developed nations are facing piercing price increases for basic food such as flour and corn, but that's just an unfortunate side effect that doesn't need to be brought up - Again.

Hope that answers your question.



Sat, 08/27/2011 - 20:00 | 1608429 eureka
eureka's picture

Many Thanks.

EE then, is synonymous with the taxpayer sponsored faith-based casino capitalism bankster hedgefund fiat and other paper PentaGun-CIA-and-consumer-backed collectivist corporatist fascist empire.

As opposed to the non-hegemon, individualist republic which once was.

Thanks again.

Sat, 08/27/2011 - 20:13 | 1608452 nope-1004
nope-1004's picture

Yes, but I'd replace "casino capitalism" with "crony capitalism".


Sat, 08/27/2011 - 21:04 | 1608541 Hugh G Rection
Hugh G Rection's picture

I like both definitions :-)

Sat, 08/27/2011 - 23:09 | 1608772 hidingfromhelis
hidingfromhelis's picture

Good point, yet either way, the house always wins.

Sat, 08/27/2011 - 23:27 | 1608805 Drag Racer
Drag Racer's picture

here is a good example of the EE doing what they do best.

Obama’s Energy Starvation Policies Killing Even More Jobs

Sun, 08/28/2011 - 03:10 | 1609025 Yen Cross
Yen Cross's picture

 Really?  I have 02 ZO6 in storage. I also own a CL-550 & an F-430.  I'm waiting for my 458. I hate Lamborghini's


             I have 4 large AUD/USD. Got any ideas? That gbp proxy could work? No?

Sun, 08/28/2011 - 08:37 | 1609144 Snidley Whipsnae
Snidley Whipsnae's picture

You also have a paper bag over your head... just sayin... in case you haven't noticed.

Sun, 08/28/2011 - 10:42 | 1609247 Flakmeister
Flakmeister's picture


Yeah.... that's why the number of rotary rigs in operation is at all time high

or footage drilled is approaching record levels

or how crude production is modestly rising

Not to mention Nat Gas production is rising

and how refining capacity is at a 29 year high

Cut out the ideologically driven bullshit...

Sun, 08/28/2011 - 12:31 | 1609403 LawsofPhysics
LawsofPhysics's picture

LOL!  What was the cost to deliver those "modest rises in production" again?  Yeah, cut out the ideology indeed. Too fucking funny.  The energy and capital costs to deliver a 2% rise in production YoY are now 20% greater.  Yeah, just like Carlie Sheen said - "winning".

Sun, 08/28/2011 - 12:03 | 1609363 LstrzMnyn
LstrzMnyn's picture

That's right--ExxonMobil and energy companies in general have a God given right to destroy the environment! I forgot. Darn Citizen First ruling, right?

Maybe entertainment a neat little mental trick called "discernment" wherein, rather than being a zombie sponge, an individual weighs the evidence presented against facts relavent and source of material.

In your example: BIG OIL says "Obama kills oil jobs"+continued tax breaks and subsidies to said BIG OIL+stagnant oil consumption and relavent job growth in a zero-growth economy=propaganda directed at republican/conservative minions likely to devour any anti-Obama sentiment.

Being on the wrong side of peak oil, maybe rocketing production isn't the best idea in such a bad economy anyway.

(Of course your EE may be the ultimate source here, and if I misunderstood you and that was your point, my apologies. Apology aside, you should expound on such a point, if that is the case. Given the material, are the oil companies the EE or is it Obama? Or both?)

Sun, 08/28/2011 - 12:12 | 1609373 snowball777
snowball777's picture

What does "EE" mean? Who is/are EE?

Economic elite.

Sat, 08/27/2011 - 23:26 | 1608802 Living_Stone
Living_Stone's picture

Brother Rection,

That avatar looks comfortingly like a masonic apron.



Sun, 08/28/2011 - 04:36 | 1609062 BadKiTTy
BadKiTTy's picture

People rarely bring game to an end of their own volition.

Expect another bailout, then another, then........

Next up, house refinancing across the board

Sun, 08/28/2011 - 05:40 | 1609088 macholatte
macholatte's picture


 By Matt Taibbi:

 The idea behind this federally-guided “settlement” is to concentrate and centralize all the legal exposure accrued by this generation of grotesque banker corruption in one place, put one single price tag on it that everyone can live with, and then stuff the details into a titanium canister before shooting it into deep space.



Obama Goes All Out For Dirty Banker Deal


Sun, 08/28/2011 - 08:08 | 1609126 Sean7k
Sean7k's picture

Worth reading for the FED quote alone. 

Sun, 08/28/2011 - 10:14 | 1609221 JW n FL
JW n FL's picture

Matt is the BOMB!!

Matt is a Team Player!! and NOT! their Team! OUR!! Team!!

But Matt is a secret Nazi.. him and Bernie Sanders BOTH!!!

All those Jewish Banksters they are always trying to get!

I know because I am as well a Secret Nazi.. trying to get the Lobbyists and Lobby Whores.. which are mostly Jews as well!

and! let's remember that my being a Secret Nazi.. along with matt is wayyyyyyyyyyyyyyyyy more important that the Trillions being stolen every year.

Focus! on what's important.. just like the corporate media wants you too! it is un-American to do otherwise.


Sun, 08/28/2011 - 12:13 | 1609374 snowball777
snowball777's picture

All hail the toxic sock!

Sat, 08/27/2011 - 17:01 | 1608064 cossack55
cossack55's picture

WTF. Gold is still shiney.

Sun, 08/28/2011 - 10:17 | 1609224 JW n FL
JW n FL's picture

LOOK! cossack55 !!

I have told you before! on multiple occasions!


2. It only takes $5 Bucks to get it above Ground and seperated from the overburden.

Now go buy netflix! before I put you in a timeout!!

Sat, 08/27/2011 - 17:02 | 1608065 jo6pac
jo6pac's picture

Nothing to worry about I bought gold below 700.00 and hold nothing else. Veggies are coming out the garden with enough to make until next spring. I'm sure 0 and friends will fix everything just in time. SURE

Sat, 08/27/2011 - 17:06 | 1608073 DoChenRollingBearing
DoChenRollingBearing's picture

Bill Buckler seems to have a real knack for making good calls.  He is worth listening to.  I would encourage Tyler (or the Tylers) to mention him more often.

Whether you average price for gold is $700 (as a replier above said) or whether it is $1300 will make very little difference when all of this is "over".  He who has the most ounces (physical only) will be a winner.  And NOT just by keeping up with inflation.

Sat, 08/27/2011 - 17:15 | 1608088 jo6pac
jo6pac's picture

Yep, and yes physical and enough to live on for some time.

Sat, 08/27/2011 - 22:41 | 1608706 RockyRacoon
RockyRacoon's picture

Bill Buckler gave ZH a good reaming a while back for publishing a very large portion of his newsletter.  I guess cutting back to a mere snippet has been condoned.  I've subscribed to The Privateer for over 10 years and his work is what has kept me on track and focused.  Those 12 pages that emerge fortnightly are well worth the subscription!


Sun, 08/28/2011 - 00:36 | 1608906 Freddie
Freddie's picture

Dos he have good stock picks?  Did he pick Chipolte, Amazon and Apple?

Sun, 08/28/2011 - 12:46 | 1609420 RockyRacoon
RockyRacoon's picture

Stock picks?  Are you serious or did I miss the sarcasm?   The Privateer doesn't even mention stocks or any other "investment" vehicle.   Since gold/silver are not investments, they don't count.   The publication would be rather disappointing to you I'm afraid.   It covers the world view in broad economic and historical terms.    Macro, not micro.

Sat, 08/27/2011 - 23:15 | 1608781 wandstrasse
wandstrasse's picture

DCRB, I am in physical PM, too. >90% of my possibilities in a relative view.. in an absolute view it is more like a joke, but still better than nothing when TSHTF.

He who has the most ounces (physical only) will be a winner.

This is right, but think about it twice, please. Who has the most ounces in a post fiat world?

ZHers? Ron Paul followers? Sprott? Owners of the FED/Rothschilds? The worldwide plutocrat elite? I do not know, but my guess are more the latter ones than the first ones.

When fiat really collapses in a sudden move, a large part of the population will starve and/or kill each other in civil/world wars. But for the survivors wait exactly the same leaders.

Sun, 08/28/2011 - 08:50 | 1609151 Snidley Whipsnae
Snidley Whipsnae's picture

wandstrasse... Many fiat collapses have occured in the past but few were accompanied with the sort of lawlessness that you believe is coming.

Not saying it's impossible, just not likely to happen everywhere at once.

Soverigns will devise new currencies based on PMs or PMs plus a basket of commodities...

A return to 'real money' must happen to avoid a repeat of what we are about to go through. Placing infinitely expandable fiat in the hands of men, any men, is a recipe for disaster... as we are seeing now...

There is no chance that the system and men that created this debacle are going to fix it. The debt is too great and they are only making matters worse by bailing out bankers and spend thrift soverigns...heaping more debt on top of unsustainable debt.

Jim Grant, Jim Rickards, James Turk, Max Keiser, Mish Shedlock, Ben Davies, Lew Rockwell, Ron Paul, Peter Schiff, Bill Murphy, and many, many more see what is coming. Be right and sit tight...

Sat, 08/27/2011 - 17:09 | 1608078 bernorange
bernorange's picture


Sat, 08/27/2011 - 17:30 | 1608122 lynnybee
lynnybee's picture

..... or, the 1800's !   the Wild West is making a come-back .     guns, gold & silver ......... but, we need FREEDOM to go with it to make it complete !

Sat, 08/27/2011 - 17:41 | 1608139 centerline
centerline's picture

That might come with it as the extensive supply chains shut down. Either we get more freedom than most people care to have (or can handle)or we see it disappear for quite some time. We are at a crossroads for sure. Shame we got sidetracked like this... we needed this time to invest into science (alternative energy, space program, etc.). Rather, we glorify thug athletes, idiot movie stars, dumb-ass economists, etc. Some would say we deserve what we are about to get. I say "fuck you" - I never subscribed to this mess in the first place. But, I know I will have to pay anyhow. I do so for my children. Always enjoy your posts lynnybee... hoped onto your post to say that!

Sat, 08/27/2011 - 17:58 | 1608168 lynnybee
lynnybee's picture

no.   repeat after me :  NO !   ..... no you will not pay / it is called fraudulent debt incurred under a fraudulent government that you had nothing to do with !   IT'S A SCAM & YOU ARE NOT INVOLVED.    

EVERYONE / REPEAT AFTER ME :   NO !   MY ANSWER IS NO !    I WILL NOT PAY, MY CHILDREN WILL NOT PAY, & the government & bankers can go to hell .      I think they used to call that protesting in the 1960's .     I remember a time when NO ONE TRUSTED THE GOVERNMENT !    What the hell happened ?     How did the citizenry get so complacent ! 

It is called 'odious debt' .    I learned it right here on ZEROHEDGE .


Sat, 08/27/2011 - 18:27 | 1608239 oldman
oldman's picture

I hope that you have arranged for a supply of 'get out of jail' cards

Sat, 08/27/2011 - 18:58 | 1608314 Big Corked Boots
Big Corked Boots's picture

What happened?

Simple. The same group of people who didn't trust the government then is, right now, either running the government or is on the recieving end of government benefits.

A monthly check, paid for by someone else, changes your point of view very quickly.

Sat, 08/27/2011 - 22:16 | 1608672 mkkby
mkkby's picture

What happened was gov learned not to draft people.  Only have wars with people who volunteer. That was the only reason people got out of their complacency and protested -- they didn't want to die in a jungle.

Sun, 08/28/2011 - 02:18 | 1609001 Milestones
Milestones's picture

Being a draftee from the 50's I can hardly concur. The worst mistake made in the past 40 years was stopping the draft. When it stopped support  for wars stopped-- ma ma's little boy wasn't going to get hurt. That was the start of the "ME" generation. I got what I wanted.      Milestones

Sun, 08/28/2011 - 15:00 | 1609667 Cathartes Aura
Cathartes Aura's picture

but Milestones, surely you can understand why a mother, or father, who genuinely loved her child would fight tooth & nail to keep that child from being sent to the horrors of warmaking, particularly if it is on the behalf of corporate war profiteers & petty nationstate rulers stealing resources from other nations? 

why the vitriol for a parent who doesn't want to see her child torn apart, mentally & physically, for a fairytale of "patriotism" when it's so obviously nothing more than colonialism, same as it ever was.

Sun, 08/28/2011 - 20:12 | 1610388 FeralSerf
FeralSerf's picture

The worst mistake made in the last 200+ years was STARTING the draft. You can thank Bonaparte for that one.

If America hadn't had so many cannon fodders, she would never have been able to wage all the stupid, costly wars that she did and WW II probably never would have happened. WW II was the direct result of Wilson's entry into WW I to protect the Anglo-American bankers with a million fresh cannon fodder/troops. If France and England had needed to make a REAL armistice with Germany, there would have been no reparations, Wiemar inflation or Hitler or repayment on the many war loans to the NY banks. The Rothschilds bet the right way on that one too, just like they did at Waterloo. There's good reason to suspect that the Rothschilds even have a big part in the decision of Wilson to go to war right after his second inauguration (he ran on the platform that he had and would keep the US out of the war).

Sat, 08/27/2011 - 22:43 | 1608711 RockyRacoon
RockyRacoon's picture
Odious debt

In international law, odious debt is a legal theory that holds that the national debt incurred by a regime for purposes that do not serve the best interests of the nation, should not be enforceable. Such debts are, thus, considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion.

When a despotic regime contracts a debt, not for the needs or in the interests of the state, but rather to strengthen itself, to suppress a popular insurrection, etc, this debt is odious for the people of the entire state. This debt does not bind the nation; it is a debt of the regime, a personal debt contracted by the ruler, and consequently it falls with the demise of the regime. The reason why these odious debts cannot attach to the territory of the state is that they do not fulfill one of the conditions determining the lawfulness of State debts, namely that State debts must be incurred, and the proceeds used, for the needs and in the interests of the State.   Odious debts, contracted and utilized for purposes which, to the lenders' knowledge, are contrary to the needs and the interests of the nation, are not binding on the nation – when it succeeds in overthrowing the government that contracted them – unless the debt is within the limits of real advantages that these debts might have afforded. The lenders have committed a hostile act against the people, they cannot expect a nation which has freed itself of a despotic regime to assume these odious debts, which are the personal debts of the ruler.

Sat, 08/27/2011 - 22:51 | 1608727 Snidley Whipsnae
Snidley Whipsnae's picture

Good catch Rocky...

Sun, 08/28/2011 - 20:18 | 1610406 FeralSerf
FeralSerf's picture

That would be substantially all of the US Treasury debt incurred since the Korean War.  Very little of it was spent to actually provide defense for the American people.

Sun, 08/28/2011 - 09:18 | 1609172 smore
smore's picture

What’s been happening since Nixon went off the gold standard in 1971 has just been another turn of the wheel – though of course it never happens the same way twice. However, in one sense, I think we’ve been going about things backwards. In the past, periods dominated by virtual credit money have also been periods where there have been social protections for debtors. Once you recognize that money is just a social construct, a credit, an IOU, then first of all what is to stop people from generating it endlessly? And how do you prevent the poor from falling into debt traps and becoming effectively enslaved to the rich? That’s why you had Mesopotamian clean slates, Biblical Jubilees, Medieval laws against usury in both Christianity and Islam and so on and so forth.

Since antiquity the worst-case scenario that everyone felt would lead to total social breakdown was a major debt crisis; ordinary people would become so indebted to the top one or two percent of the population that they would start selling family members into slavery, or eventually, even themselves.

Well, what happened this time around? Instead of creating some sort of overarching institution to protect debtors, they create these grandiose, world-scale institutions like the IMF or S&P to protect creditors. They essentially declare (in defiance of all traditional economic logic) that no debtor should ever be allowed to default. Needless to say the result is catastrophic. We are experiencing something that to me, at least, looks exactly like what the ancients were most afraid of: a population of debtors skating at the edge of disaster.

And, I might add, if Aristotle were around today, I very much doubt he would think that the distinction between renting yourself or members of your family out to work and selling yourself or members of your family to work was more than a legal nicety. He’d probably conclude that most Americans were, for all intents and purposes, slaves.

Sat, 08/27/2011 - 18:12 | 1608201 mt paul
mt paul's picture

you are only as free

as that

which you can 

walk away from ....

Sat, 08/27/2011 - 19:40 | 1608406 Mauibrad
Mauibrad's picture


Sat, 08/27/2011 - 22:45 | 1608712 RockyRacoon
RockyRacoon's picture

That's why I don't see farmland as an asset!   Not until governments at all levels leave people the hell alone.

Sat, 08/27/2011 - 17:10 | 1608079 tmosley
tmosley's picture

How can anyone cite the rising cost of treasuries without mentioning Fed buying?

It's like bidding on your own auctions at Ebay and then declaring that your goods are worth 100x more than the real market would ever pay.

Sat, 08/27/2011 - 17:22 | 1608103 GoldBricker
GoldBricker's picture

What he's saying is that gold and treasuries appear to be correlated, when one should expect exactly the opposite. If Buckler explains why he thinks this is happening, it's not in the excerpt.

But it could be as you say, that Fed purchases serve to keep bond prices high and rates low. The presumption of Buckler's argument is that the gold price is not subsidized, on the contrary, so we must conclude that bond prices are manipulated to the upside.

This is very old news to ZH readers, but it's useful to have someone point out a particular situation which cannot last long, just to give us something to watch.

Sat, 08/27/2011 - 17:37 | 1608131 narnia
narnia's picture

the central bank in the US is printing money to buy treasury bonds.  it is perfectly intuitive that the price of treasuries (on supply of government debt funding) and the price of gold (on currency debasement) would both go up.

other central banks in the world are also printing money to buy gold.  that's a good explanation for why gold has gone up more than treasuries, although a direct correlation has many factors.

Sun, 08/28/2011 - 13:01 | 1609438 snowball777
snowball777's picture

And you can take the 14% / 25% ratio as an indicator of the futility of the monetization.

Would you use a condom that was only proven 56% effective?

Sat, 08/27/2011 - 18:06 | 1608191 Reese Bobby
Reese Bobby's picture

Capital flight from Europe is driving alternatives higher.


But a reality like that will pass well over the heads of most of the new knuckle-heads that blabber away on ZH these days.

I wonder where the old crew went?  Who is John Galt?

Sat, 08/27/2011 - 18:21 | 1608226 Kayman
Kayman's picture

"the new knuckle-heads that blabber away on ZH these days."

Huge regurgitation,often tedious. Gad, nostalgia after barely 2 years.

I like everyone here.  Some when they're coming, some when they're leaving.

Sat, 08/27/2011 - 20:01 | 1608432 11b40
11b40's picture

It's the price of fame.  Similar thing hapened at the Roubini blog as the last melt down approached. As more new fringe elements showed up, more of the established 'early adapters' either departed or clamed up.

ZH is an absolutely amazing site, but trying to take it in is akin to trying to drink from a firehose...especially if you have a real life away from your computer.

Sat, 08/27/2011 - 22:49 | 1608722 DoChenRollingBearing
DoChenRollingBearing's picture

@ Kayman,

I liked YOUR comments on bearings a while back.  I would disagree somewhat when it comes to the mass market pieces (for car wheels), but would agree re industrial (BIG) bearings, though I have little expertise there.

I like almost everyone here.  Anyone interested in my blog send me a gmail at my name for the link, as I publish it under my own name.  Promise to behave!  Most of my 200 readers are from ZH.

Sat, 08/27/2011 - 18:36 | 1608256 Howard_Beale
Howard_Beale's picture

Many of us are here. We just don't care to comment anymore.

Sat, 08/27/2011 - 18:54 | 1608301 Reese Bobby
Reese Bobby's picture

You know what, that sounds like a plan.

Just reading ZH content is probably healthier.  Thanks.

Sat, 08/27/2011 - 19:17 | 1608365 Crime of the Century
Crime of the Century's picture

When they do it is like watching a Romulan ship decloaking...

Sat, 08/27/2011 - 19:29 | 1608387 CrazyCooter
CrazyCooter's picture

Not to be all fan boi or anything, but CheekyBastard was my favorite ZHer of yore ... I figure ZH is too important to not read for any finance/investment industry professional so I am confident CB is still around if s/he is still alive. LondonBanker was another (IIRC).

I thought it odd that folks contribute very insightful stuff and then disappear, but I eventually decided that unless those same folks are at the top of the food chain in their respective organizations (or fully independant) the "boss" may have put those same folks on a short leash when it comes to posting on ZH.

Just pontificating; I could easily be wrong like that whole top-ticking Steve Jobs call. Those pics that came out after looked awful. I am good at being wrong actually, but I make it a point to learn when I fsck up.



Sat, 08/27/2011 - 20:05 | 1608437 nope-1004
nope-1004's picture

Agree about cheeky.

Sat, 08/27/2011 - 20:22 | 1608469 CrazyCooter
CrazyCooter's picture

In all humility, I come to ZH not really knowing much about something but knowing its important and wanting to learn. I think that speaks for a good portion of the user base (the other portion needs info/perspective - those are the professionals). Who gives a shit about the trolls.

CheekyB had this "round hat" quality that was just endearing. I guess that reflects who I am as a person, at least to some degree.

I got bored tonight ... so I dug up his old profile and started going through posts ... I understand so much more than I did in '08/'09, so its been an interesting review as I see the world very, very differently now (thanks to ZH).

Warmest Regards,


Sat, 08/27/2011 - 22:51 | 1608732 DoChenRollingBearing
DoChenRollingBearing's picture

+ 100 re Cheeky Bastard, one of the greats.  I hope he comes back to us, I read that he had health problems along the way.

Do NOT follow this link or you will be banned from the site!