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Mike Krieger: "Six Months Left… Can They Do It?"

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Submitted by Mike Krieger of Libertyblitzkrieg

Six Months Left…Can They Do It?

The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent.

- John Kenneth Galbraith

Today what we are doing is modernizing the financial services industry, tearing down those antiquated laws and granting banks significant new authority.

-Bill Clinton at the signing of Gramm-Leach-Bliley Act in 1999 (which ended Glass-Steagall and gave banks full control of the United States of America)

Obama delivered heated rhetoric, but his actions signaled different priorities. Had Obama wanted to strike real fear in the hearts of bankers, he might have appointed former special prosecutor Patrick Fitzgerald or some other fire-breather as his attorney general. Instead, he chose Eric Holder, a former Clinton Justice official who, after a career in government, joined the Washington office of Covington & Burling, a top-tier law firm with an elite white-collar defense unit. The move to Covington, and back to Justice, is an example of Washington’s revolving-door ritual, which, for Holder, has been lucrative–he pulled in $2.1 million as a Covington partner in 2008, and $2.5 million (including deferred compensation) when he left the firm in 2009.

Putting a Covington partner–he spent nearly a decade at the firm–in charge of Justice may have sent a signal to the financial community, whose marquee names are Covington clients. Goldman Sachs, JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, and Deutsche Bank are among the institutions that pay for Covington’s legal advice, some of it relating to matters before the Department of Justice. But Holder’s was not the only face at Justice familiar to Covington clients. Lanny Breuer, who had co-chaired the white-collar defense unit at Covington with Holder, was chosen to head the criminal division at Obama’s Justice. Two other Covington lawyers followed Holder into top positions, and Holder’s principal deputy, James Cole, was recruited from Bryan Cave LLP, another white-shoe firm with A-list finance clients.

- Peter J. Boyer in his excellent recent article “Why Can’t Obama Bring Wall Street to Justice?”

Six Months Left…Can They Do It?

I have to hand it to the Central Planners.  They are good.  Really, really good.  Of course, they are battling a crippled opponent considering so much of America consists of lobotomized sheeple, but nevertheless to be able to steal so much from many people with such blatant and simplistic methods and not be widely discovered is an act of devious brilliance.  The reason I say this now is because ever since last fall TPTB have changed tactics and totally taken over the markets and with it shoved many people into what is best described as a trance.  The people know something is very wrong.  They know they are getting poorer; that life is getting harder, yet the television and the markets have cloaked a blanket of sedation upon their minds.

Ever since roughly early October 2011 the markets have been fed line after line of carefully crafted bureaucratic garbage couple with tactical market interventions to create reality that they wish to sell.  I remember back to those last months of 2011; what it was like.  It was pure madness.  There would be a crisis and then TPTB would come out with some meeting in the next week or two that would solve everything.  Then the date would come and go and nothing would be solved and they would move the meeting to the following week.  Meeting after meeting that would be “decisive” and “bold” and would save us poor ignorant peasants from the ravages of the mean world by thrusting us into the parental arms of those who know best.  Big government and big financial institutions.  They are your new overlords, get used to it.  Subliminally that has been and continues to be the message that these guys are trying to hammer into your head.  It’s the Stockholm Syndrome.  You are being programmed to love your abuser.

In any event, the point is this. Since around fall of last year, if we tally up the score of government  vs. markets as Angela Merkel so candidly noted in 2010, the government has had seven months of pretty much victory after victory.  At least this is how it appears on the surface.  Under the surface believe me they are not so smug and they know they are losing.  You could see the fear and doubt in The Bernank at his latest press conference.  You can see the reality of the situation as it pops up through to the surface every now and again despite the media blackout of any “unfavorable” news.  These bureaucrats know full well this is all a hologram, an illusion, but it is one they are trying to sustain for as long as possible.  A line my friend said yesterday really sums it up.  So the news headline came out that “Fed Exit Should Start in 6 to 9 Months: Kocherlakota (current President of the Federal Reserve Bank of Minneapolis). ”  My friend’s response was: “is that the Apache to Paraguay midnight print.“

Well the past is the past and the future lies right ahead, so how should we be thinking about things?  The assumption that is being made, and to some extent has to be made, is that if they have been able to pull off this total coup of the financial markets for the past seven months why can’t they keep it going until the election.  Well if we are to assume this, it means we must assume they can pull it off for six more months, which would bring the total to thirteen months.  This would be quite a feat.  They know how difficult it will be to keep things “together” in the markets amid a real world that is falling apart.  This is why the Fed is pretending there will be no more liquidity added to the system.  In their minds, the best strategy is to talk down QE while at the same time attacking commodity markets behind the scenes.  In their mind, this will give them the cover to create trillions more for their banker shareholders.  I have stated that this would be the plan and as we can see in the markets lately, it has been executed to precision.

There is a problem to this strategy; however, and that problem is reality.  The reality is that pretty much all of the engines of global growth in the emerging markets have economies that were similarly fueled by ponzi finance and money creation and they are rolling over hard.  I don’t even need to mention Europe.  Then there is the United States of Propaganda, which has held up relatively well due to the reserve currency status.  That said, relatively wellI does not equal good and recent indicators are pointing to a serious loss in momentum here as every unemployed EBT carrying subprime borrower in these 50 states has just purchased a car they can’t afford with free money from Ally Financial (74% owned by the U.S. government and the former GMAC, or General Motors’ financing arm).

So the fact that pretty much every major economy is rolling over at the moment means one thing.  These guys need to print and print big.  Not that this does anything for the economy, but it usually buys time (until it doesn’t).  If they are going to print and print big they need commodities as low as possible.  This is the reason for the now blatant government/Central Bank sanctioned and coordinated raids on precious metals.  Folks like me that have been aware of what has been happening for years are on the sidelines.  We are already protected from the inevitable and so it makes sense to only buy the raids.  While I have bought physical metals many times in the last couple of years, I have done no major buys since 2009.  That may be about to change.  I still suspect one more major raid attempt may be made.  If so, and silver is knocked down a few dollars from here in a paper smash, I will be standing there ready to go with the biggest buy in years.  I am not the only one.  All of us are thinking the same way.  The pent up demand from folks like me is big.  We are in no rush as we are waiting for the Central Planners to blink and then we will pounce.  When a price is printed that catalyzes huge buying it will set a major floor and we will be headed straight to $2,500 very fast.  It’s possible this has already happened, but I have a suspicion they have another trick up their sleeves.  There are four more FOMC meetings ahead of the elections (June, July, September and October).  I suspect they need to act in June or July.  The huge risk now though is if they do push the metals in a gap lower from here supply will literally disappear.  Let’s see if they dare.

 

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Fri, 05/11/2012 - 15:06 | 2418202 SilverTree
SilverTree's picture

JPM did great today!

Fri, 05/11/2012 - 15:12 | 2418262 WAMO556
WAMO556's picture

TIMMY!!! Timmy timmy TIMMy - T T T T T I I I I M M M M Y Y Y Y Y

Fri, 05/11/2012 - 15:13 | 2418267 SilverTree
SilverTree's picture

One of the most challenging Rock Band songs.

Fri, 05/11/2012 - 15:20 | 2418286 Xkwisetly Paneful
Xkwisetly Paneful's picture

Medicated sheeple?

These are  cruise shipmates.

They fled from equities into metals long ago.

 needed an oil check at the garage today, it befuddled me when the guy said 10w30 or some au or ag?

Fri, 05/11/2012 - 15:31 | 2418316 Pladizow
Pladizow's picture

Easy: They'll simply delay elections indefinitely!

What would justify this?

Here's the sheeple: http://www.break.com/index/hunter-shoots-mountain-goat-from-943-yards-2325952

Fri, 05/11/2012 - 15:39 | 2418357 DosZap
DosZap's picture

Plad,

Lest you forget SHEEP can do 943 also,and much farther,...........................matter of fact, that was a Sheeple making the shot.

Fri, 05/11/2012 - 15:52 | 2418415 CrazyCooter
CrazyCooter's picture

No QE until the RNC concludes. QE prior to the RNC could very well put Paul on the republican ticket. It is already going to be an interesting RNC and a massive QE right before that convention it putting a lot of fuel on the fire ... the fire of liberty.

My personal experience with conservatives at the Alaska state convention is that the "common delegates" agreed on pretty much everything. Our platform for our committee went from ZERO constitutional references to FOUR. And that is one committee. Dissenting votes on these platform changes? Almost none.

If this holds true at the national level, in any way, then conservatives may *reject* Romney and embrace Paul, even though they may not have gone to the convention as Paul supporters.

Just my two cents ...

Regards,

Cooter

Fri, 05/11/2012 - 16:44 | 2418623 Silver Bully
Silver Bully's picture

As much as one may hope this will happen, it will not. The Fed could print 20 trillion dollars in QE, and Paul would not get elected. The people already know who they are voting for, and it will not be Paul . . . because he proposes sanity.

Too many want their main course of social security, unemployment, food stamps, and disability with a helping of Defense Spending (and they're pounding the Supersize Me button so hard it is cracking). This country is getting the president it asked for. This country is getting the president it deserves. Paul will not be that man, because too many DEMAND their freebies.

Romney or Obama, pick your poison, you're getting one of the two heads of the hydra either way.

Fri, 05/11/2012 - 16:59 | 2418682 headless blogger
headless blogger's picture

No. I think they want jobs, real jobs besides waiting on assholes at a check out line

Fri, 05/11/2012 - 18:17 | 2418860 The Alarmist
The Alarmist's picture

I don't want a job ... I want $10 million, and I don't want to do anything for except watch TV and eat tacos. BTW, it would be nice if it retained at least it current puchasing power. Am I asking for too much here?

Fri, 05/11/2012 - 18:24 | 2418873 Jack Napier
Jack Napier's picture

@Cooter, once Romney is a lock for the Replicants it doesn't matter when they do QE3. Either candidate will be on Goldman's teet. If I were them I would do it sooner than later, wipe out all you bears expecting a repeat of 2008 and laugh as they steal the rest of the nation's wealth.

Buy gold and silver NOW bitchez!

Sat, 05/12/2012 - 19:33 | 2420401 Umh
Umh's picture

Good, fast & cheap. Pick two from the list.

Fri, 05/11/2012 - 18:42 | 2418907 Xkwisetly Paneful
Xkwisetly Paneful's picture

Mean like doing the same thing on an assembly line 100 times a day for 50years?

The real jobs!

 

Fri, 05/11/2012 - 20:18 | 2419029 blunderdog
blunderdog's picture

A lot of supermonkeys are into that, actually, since you ask.

Sat, 05/12/2012 - 03:41 | 2419543 fockewulf190
fockewulf190's picture

I want me sum Obama bucks! Blah....

Fri, 05/11/2012 - 23:30 | 2419340 SPAREPARTS
SPAREPARTS's picture

A guy can dream, RP could be a bloody miricle

Fri, 05/11/2012 - 15:51 | 2418416 Fukushima Sam
Fukushima Sam's picture

That fucker, Clinton.  No wonder he and Hillary moved to NY; there they were taken care of.

Fri, 05/11/2012 - 16:53 | 2418660 CompassionateFascist
CompassionateFascist's picture

Yes, organized Jewry always takes good care of the shabbatz goyim. Until they are no longer useful.

Fri, 05/11/2012 - 17:29 | 2418748 morkov
morkov's picture

JUST READ MARX AND KEEP IT QUIET 

Fri, 05/11/2012 - 18:19 | 2418862 The Alarmist
The Alarmist's picture

Karl, Groucho, or Richard?

Fri, 05/11/2012 - 15:24 | 2418304 Oracle of Kypseli
Oracle of Kypseli's picture

Very easy to bring about the bottom. Call your broker or go online and liquidate everything including shorts and options. The market, with very liitle volume, will do the rest. I did this morning the small % of papergoods. the physical stays put.

Fri, 05/11/2012 - 16:04 | 2418472 narnia
narnia's picture

a run of the mill 20-25% bank run will do the trick.

Fri, 05/11/2012 - 16:56 | 2418672 CompassionateFascist
CompassionateFascist's picture

IranWar will do the trick. Due c. July-August. 90 days to economic collapse and Civil War. Those who already have silver better hedge with lead.

Fri, 05/11/2012 - 15:28 | 2418308 DosZap
DosZap's picture

If they are going to print and print big they need commodities as low as possible.  This is the reason for the now blatant government/Central Bank sanctioned and coordinated raids on precious metals

Self congrats.............................just what I posted here yesterday.

They think everyone is stupid.

Well, MANY are not, and ton reside here.Knock it down some more, and we will pick the bones off the PM markets carcass just like Andean Buzzards.

BRING IT................................... DOUBLE.

 B_I_T_C_H_E_Z_Z

Fri, 05/11/2012 - 15:34 | 2418323 Pladizow
Pladizow's picture

You do well at patting yourself on the back!

I'm sure no one thought of that before!

 

Fri, 05/11/2012 - 15:34 | 2418342 DosZap
DosZap's picture

Plad,

Thanks, it was a joke.

Fri, 05/11/2012 - 14:57 | 2418204 SHEEPFUKKER
SHEEPFUKKER's picture

The sheeple are all well medicated....can't see that changing anytime soon. 

Fri, 05/11/2012 - 15:00 | 2418213 Ruffcut
Ruffcut's picture

Six months til what? They are the most creative criminals on the planet. They'll come up with something that is just a great as this has been.

Fri, 05/11/2012 - 15:16 | 2418280 FlyoverCountryS...
FlyoverCountrySchmuck's picture

Six months until ELECTION DAY...

The PTB nust keep the markets propped, no matter the cost to the taxpayer. Obama will have much more flexibility after the Election. ALL HAIL THE MESSIAH OBAMA!

(or else the IRS will pay you a vist. You aren't a RASSIS!, are you?)

Fri, 05/11/2012 - 16:06 | 2418484 XitSam
XitSam's picture

The only way the election will matter is if Ron Paul is the nominee.  So if they can hold on for 3 months until Romney is nominated ...

Sat, 05/12/2012 - 10:41 | 2419710 Papasmurf
Papasmurf's picture

exactly

Fri, 05/11/2012 - 15:01 | 2418215 SilverTree
SilverTree's picture

Cut power, food, cable tv, internet or medications and the like; we will have some pissed off people.

Fri, 05/11/2012 - 23:36 | 2419351 SPAREPARTS
SPAREPARTS's picture

Stop buying, pick a day but on very short notice every month, dont buy a thing, nothing and dont pay a bill, act like were mad, flex some other wise they will beat you up

Sat, 05/12/2012 - 00:16 | 2419410 PR Guy
PR Guy's picture

Jeez yeah. I'm a howler when I'm not taking my medication :-)

 

Fri, 05/11/2012 - 15:02 | 2418225 Loco Vida
Loco Vida's picture

if they cant afford groceries and cable.......watch how fast it changes

takes awhile to boil a frog properly :)

Fri, 05/11/2012 - 16:13 | 2418521 THX 1178
THX 1178's picture

And when the frog dies, the death itself comes instantaneously.

Fri, 05/11/2012 - 15:21 | 2418291 Spacemoose
Spacemoose's picture

maybe its a good thing that they are medicated.  if they thought like we (ZH'rs) think, the supermarket shelves would be emptied within three days. every month that goes by with the illusion of normalcy, i am better prepared to deal with what is inevitably coming. (on the other hand, every month that goes by, the more serious the eventual "splatter" when it hits the fan). 

Fri, 05/11/2012 - 18:50 | 2418921 ClassicalLib17
ClassicalLib17's picture

I'm stocking up on Beans and Booze, Bitchezz   I'll hunt for my meat on the street with my new zombie gun .  Arms and legs only,  I am averse to the gutting process. 

Fri, 05/11/2012 - 15:00 | 2418218 Hohum
Hohum's picture

I think they can..I think they can..I know they can..oh shit!

Fri, 05/11/2012 - 15:04 | 2418220 SILVERGEDDON
SILVERGEDDON's picture

 

Every President through modern history has spent money like their hair was on fire. No exceptions. And, Congress approved an endless litany of unbalanced deficit spending budgets year after year. They didn't mind creating slavery for the tax payer, and printing free money compliments of the Fed for their banker / Wall Street buddies to bail them out of the mess created by the miracles of deregulation. lobbying, and corruption.

All accomplished regardless of which party or President was in charge. They are all cut from the same block of cheese, and they are all culpable.

 I just hope we survive the end result of having criminals running the country for decades. Put your money in something tangible, because the dollar is going to continue to tank, resulting in way more inflation. And, banks may not survive the firestorm of margin lending, credit default swaps, and derivatives created that exceed 250 quadrillion dollars in total  - more money than the gross domestic product of the entire planet for decades.  

The Federal Reserve is neither Federal nor a "Reserve". This private bank run by the "Bank of England" has been stripping the US of its assets since the days of Andrew Jackson.  If the $16,000,000,000,000.00 given away secretly, since 2007, to the member banks isn't reason enough to overhaul our entire government financial system then our country is doomed to financial failure.

You won't read this in the mainstream media....but it may emerge in the coming elections. Read about the first ever audit of the Fed and understand why we are in such trouble. 

 

Sat, 05/12/2012 - 09:29 | 2419654 Marco
Marco's picture

Stripping the country of assets? Since Nixon really set the ball rolling on unconstrained credit creation the US has gained 10 trillion dollar worth of assets for worthless paper.

Of course there is no such thing as free lunch, they're just making junkies of us all before they pull the rug and tell us we should start paying off our debts and welcome them as our new feudal overlords ... but in the meantime the asset stream is going into the US, not out of.

Now if you said they had been stripping the country of productive capital, yeah ... true enough.

Fri, 05/11/2012 - 15:03 | 2418221 francis_sawyer
francis_sawyer's picture

The most powerful drug in the world is ink...

Sat, 05/12/2012 - 09:29 | 2419656 Marco
Marco's picture

Only because for the moment ink buys oil.

Fri, 05/11/2012 - 15:05 | 2418229 SheepDog-One
SheepDog-One's picture

The central planners are really, really, good at what exactly....fooling the 401K Bathrobe Brigade muppets? Big deal. In the real world, everyone ese is OUT.

Fri, 05/11/2012 - 15:08 | 2418238 Waterfallsparkles
Waterfallsparkles's picture

What they do is make people think that they are wrong in their assumptions.  How is it that I think the economy is in the tank when the Stock Market keeps going up and all of the positive talk on TV.

They make you think that even though your situation is falling off the cliff that other people are doing ok.  So you question your assumptions.

Fri, 05/11/2012 - 15:09 | 2418255 GeorgeHayduke
GeorgeHayduke's picture

+1

You wrote this while I was typing my rant below so I missed it. However, it's an excellent observation.

Fri, 05/11/2012 - 16:08 | 2418501 Waterfallsparkles
Waterfallsparkles's picture

The unintended consequence of this is that so many people start to think the are worthless.  As everyone else is doing well but they are not.  Maybe that is why so many are dropping out of the employment market.  All of the positive hipe on TV makes them feel that they do not have a chance and they are worthless.  So they do not even try to get a Job.

Fri, 05/11/2012 - 17:00 | 2418681 akak
akak's picture

The unfortunate fact is that, for all practical purposes, many, many people in Western societies today ARE worthless, using almost any criteria one cares to apply to them.  Whether they must and will remain worthless (financially, socially, emotionally, professionally, employably) is an open question.

Sat, 05/12/2012 - 09:32 | 2419659 Marco
Marco's picture

Economically we will all become worthless sooner or later ... automation gives no quarter.

Sat, 05/12/2012 - 11:41 | 2419756 Bob
Bob's picture

Or the rights of Capital, to whom ownership of the "means of production" accrues, will be radically changed. 

Too bad Marx said it first, but has since become so horrifically politicized/propagandized that we are unable to really examine and meaningfully solve the problem that lies so indelibly before us. 

Sat, 05/12/2012 - 03:30 | 2419536 tenpanhandle
tenpanhandle's picture

don't cha know - they're not dropping out of the labor market; they're all going gold mining in the Bearing Sea.

speaking of reality shows (ha- my own segue) how about a real reality show where they build a lifesize copy of the Titanic and require all 4 branches of the Govt. (yess of course I include the friggin media) to pay for a ticket and take the ride.  Then float it over Niagra Falls.  I'd buy a widescreen tv just to see that.

"OUI- HA" 

Fri, 05/11/2012 - 18:00 | 2418828 emersonreturn
emersonreturn's picture

"question your assumptions"  nice tee shirt.

Fri, 05/11/2012 - 15:08 | 2418240 GeorgeHayduke
GeorgeHayduke's picture

I'm not sure what to think of the sheople anymore.The only thing that comes to mind is they will get what they deserve.

When it comes to right-leaning sheople, their blind stupid patriotism and single-mindedness, coupled with an absolute inability to see anything beyond their ideology makes them incapable of seeing the brewing shitstorm.

When it comes to the left-leaning sheople, the ones I know and encounter, they have this whole Law-of-Attraction, don't think any bad thoughts thing going on that makes them incapable of seeing the brewing shit storm.

From what I've seen, being a single-minded ideologue of any stripe might be a dangerous detriment in the weeks and months ahead. Just an observation.

Fri, 05/11/2012 - 15:31 | 2418332 tekhneek
tekhneek's picture

Yep.

Moreover you'll occasionally meet the "awake" person who knows what's going on and is doing nothing to prepare in the classic grasshopper/ant parable. Fools will be fools though.

You and your own, all you can do...

Fri, 05/11/2012 - 23:17 | 2419322 Miffed Microbio...
Miffed Microbiologist's picture

The funny thing is I had always considered myself a good little ant. Working my ass off, living in my means and keeping my debt low and managable. Then this incredible thing appeared in, what was it...1986(?) called a 401k and mr ant convinced me this was an answer to our prayers. What, with an average historical return of 8 percent we could not lose! So these dumb shit ants dumped buckets of money in this magical bucket for 20 years all the time snickering while our cohorts were buying McMansions, boats, timeshare vacations at the FourSeasons, and a new BMW every year. Those dumb grasshoppers! What would they do when the rainy day comes? We were going to be all warm and comfortable with our big bulging 401k and they would be out in the cold. So, we were "awake" but duped. Now were trying to catch up to were we should have been long ago. Now it's guns gold and grub, the more self sufficient the better. What we've discovered Aesop had it wrong. Today it's A Bug's Life where the grasshoppers steal the ants food.

Miffed:-)

Fri, 05/11/2012 - 23:47 | 2419371 SPAREPARTS
SPAREPARTS's picture

if they were good at finance and maths they would not be people, they would be more like you, smarter i supose about what makes the world go round. the average guy works and tries to get ahead and take care of his family. Some people deviate from this model but not as many as you might think. Being smart enough not to get fucked is not an easy task. speaking from experience impossible

Fri, 05/11/2012 - 15:09 | 2418245 Gringo Viejo
Gringo Viejo's picture

Ain't that what I been tryin' ta tell ya? Be right....sit tight.

It's all good.................................

Fri, 05/11/2012 - 15:10 | 2418249 Waterfallsparkles
Waterfallsparkles's picture

We also have to remember that the Market Crashes are getting closer and closer together.  We have had at least 3 since 2000.

2000 Nasdaq crash.

911 Crash.

2008 Crash.

We are due for another Crash.  Thank you JPM.

Fri, 05/11/2012 - 15:12 | 2418258 Dre4dwolf
Dre4dwolf's picture

You can't short silver when there is no more supply, that would be suicide for JP Morgan.... but hey if they are willing to play chicken while they are driving a pinto and im driving an SUV, lets doooooooooiiiiiittttttttttttttt! ;p

 

Buckle your seat-belt Dorthy, because dreamland is going bye bye.

Fri, 05/11/2012 - 15:14 | 2418265 midgetrannyporn
midgetrannyporn's picture

The new normal is more normal than the old normal. Throughout history and throughtout the world kleptocratic and despotic regimes have ruled the poor with an iron fist. The usa middle class was an anomaly, not the norm.

Fri, 05/11/2012 - 15:13 | 2418268 bankruptcylawyer
bankruptcylawyer's picture

This post contained no substance. I was expecting more from you kreiger

Fri, 05/11/2012 - 15:51 | 2418417 Pegasus Muse
Pegasus Muse's picture

Not only does your comment lack substance -- it's wrong.  

Fri, 05/11/2012 - 15:18 | 2418283 walküre
walküre's picture

6 months is an eternity in the data processing high speed super connected 21st century.

Not enough games in the world to distract that long.

FB IPO coming May 18th. Then the Summer Olympics London 2012 and then IF they're lucky the market will fall into a slumber over the summer.

Greeks won't wait that long for their paycheques. Spaniards, Italians and French will want to see some real reforms.

Once the games are done in London, the attention will come back to political change. It will be a hot summer politically. That's just in Europe. The US campaign games will take front and center stage then as well.

They don't have 6 months. Maybe 3 if they're lucky. US presidential candidates will have to amend their messages according to political uproar in the rest of the world. The world will dictate to the US ass clowns what they could and should be addressing.

Lots of fine lines, lots of splitting hairs and lots of frustration that will blow up going into the election.

2008 was just dress rehearsal. Now everyone understands the program guide and knows what to expect. Everyone will have done their homework and an opinion. Now everyone will have their say.

Bring IT!

Fri, 05/11/2012 - 15:57 | 2418444 XitSam
XitSam's picture

Where are the Chinese gold buyers on this dip? I would expect they would be buying all the phyz they could lay their hands on.

Fri, 05/11/2012 - 16:44 | 2418632 walküre
walküre's picture

I think they're tapped out. The Chinese are also awfully absent from Pacific Rim high end real estate.

Chinese wealthy have loaned billions with hefty interest to their own middle class. That money left the country but the loans are still there. If they're in recession or cratering, they can't service those private loans to the rich. China is at the end of their boom. The well is dry.

Fri, 05/11/2012 - 17:58 | 2418817 CPL
CPL's picture

It's all smoke and mirrors until it isn't.

Sat, 05/12/2012 - 10:56 | 2419720 JohnKozac
JohnKozac's picture

You can read some of the chinese blogs in english and most of them write house prices are falling fast (slower in Beijing and Shanghai). Poeple there see the prices are seriously inflated and more practically, cannot afford these unrealistic levels. This is confirmed when you read some developers sell units for 50% less when they are down to the last handful of apartments.

In turn, Aussie house prices are tumbling. Read The Daily Reckoning about how that market has fallen 10% in the last 12 months and the drop is gaining momentum. IN the capital, it fell 4.5%

http://www.moneymorning.com.au/20120512/the-slow-death-of-australian-hou...

My guess is agreement with the author that these countries will keep easing with more QEs and lower rates.

Fri, 05/11/2012 - 18:25 | 2418876 The Alarmist
The Alarmist's picture

"FB IPO coming May 18th ...."

I was going to say, "No thanks, I'm waiting for the real money maker, which will be the NSA IPO." Then I realized I had read your post too fast and thought you had typed FBI IPO. Then I thought some more about FB and realized my first take was correct and I should jump on this.

Fri, 05/11/2012 - 18:56 | 2418929 New World Chaos
New World Chaos's picture

The Fed bailing into a pan-European bank run has always been part of the Rothschild plan.  Once it really gets started, there is no way they can keep the Matrix going for six months.  Question is when does it start?  Will it be soon enough to give us Ron Paul?  It is still possible if we get some serious dirty laundry coming out right about now!

Fri, 05/11/2012 - 15:21 | 2418295 SheepDog-One
SheepDog-One's picture

'Six months left....can they do it'? Do what exactly...and what then happens in 6 months? Are we to believe as soon as ObaMao is firmly re-ensconced in his fake seat, THEN theyll let the markets collapse? It makes no sense, if they could do that in 6 months then nothing is stopping them now, they just rig the fake elections anyway so whats this BS about 'Must. Make. Things. Look. Good' bunch of garbage? 

Fri, 05/11/2012 - 15:26 | 2418305 adr
adr's picture

The sheeple have just moved to pure apathy. People just don't give a shit about anything anymore, and that was the purpose of the whole thing. Once your enemy has given up, you can just run them over and they will ask you to.

Everyone I talk to just doesn't care anymore. They used to care about jobs. Now that everyone they know has lost a job, they are just waiting to lose theirs. They have seen neighbors lose their jobs and somehow stay in their homes for years. They are now just saying, why should I pay for anything?

When you lose your job and can't find another one for at least two years, you and your family should be starving. What many good people are seeing is the trash of society bringing home brand new Chevy cars and 55" LCD televisions. Working people are saying, Darrel lost his job two years ago and is still unemployed, how the fuck can he get a new TV and a car?

Instead of breeding resentment of the government, TPTB are trying to breed social resentment between the lower classes. Trying to get those still clinging to the ideal that you should live through the fruits of your labor to finally relent and start sucking the government tit.

All planned, all manipulated.

Apathy leads to jealousy, jealousy leads to hate, hate leads to death. They want Billy Bob fighting Mary Sue so both of them forget it was all Mr. Finklestein who caused the whole thing in the first place. If the sheelpe take themselves out, the plutocrats don't have to.

Fri, 05/11/2012 - 15:29 | 2418318 walküre
walküre's picture

They may have planned it that way but they cannot be 100% certain how people will react.

Greece is a political basket case. No way that they anticipated it would get this bad. Risk of contagion is huge across the Club Med and beyond.

The elite is in an ivory tower and playing their games. Those games or bets may or may not work out in their favor.

Once signs of economic depression are undeniable and the majority of Americans feel the pain, real financial and economical pain and hardship then there is no safe shelter or safe haven for the crooks that stole the treasure.

Fri, 05/11/2012 - 20:44 | 2419074 blunderdog
blunderdog's picture

    TPTB are trying to breed social resentment between the lower classes.

What are you trying to breed? 

Sat, 05/12/2012 - 09:39 | 2419664 Marco
Marco's picture

I've had unemployment benefits for a couple of months in a socialist heaven in the EU ... I couldn't buy brand new cars and 55" LCD televisions, I probably could borrow to buy them ... but not afford them.

How much dollar a month are the unemployment benefits in the US any way?

Fri, 05/11/2012 - 15:29 | 2418306 Bastiat009
Bastiat009's picture

"The whole thing will collapse tomorrow and gold prices will go up."

I have heard that so many times before, however the system is still in place and gold is falling faster than the euro.

I am not saying that I don't like gold or that the system is not corrupt, but the euro is still here, quite strong ...

Fri, 05/11/2012 - 15:33 | 2418338 DosZap
DosZap's picture

Bastiat009

Yes sir, could easily..................................just HOLD it.

If that happens, what shape do you think the rest of SO CALLED assets will be in?.

Would you rather have FIAT?, or value I EXPECT it to get the crap knocked out of it,it will not STAY down though.

HOLD FAST,when it gets ridiculoous , ADD as much as you can to your positions.(meaning Phys).

You will not be sorry......................

Fri, 05/11/2012 - 15:39 | 2418353 Bastiat009
Bastiat009's picture

The whole system is collapsing in Greece. Gold is falling faster than the euro, the currency there. Euros to move to Paris or Berlin are much important than gold for the Greeks now.

Fri, 05/11/2012 - 15:40 | 2418368 DosZap
DosZap's picture

Bastiat009

Dude, the smart Greeks did that months ago,Euros cash in for Au, and vice versa.(for now)

Fri, 05/11/2012 - 15:46 | 2418376 Bastiat009
Bastiat009's picture

I hope they kept euros, because it has fallen only 6% over the past 6 months, while gold was losing 12% of its value.

And I find it amazing that even though "the smart people" know that gold is going higher they are not buying but waiting for it to crash more.

So to summarize, they don't buy because they know it's going to crash while saying it's going higher. To put it simply, they lie.

Fri, 05/11/2012 - 21:41 | 2419144 holdbuysell
holdbuysell's picture

Seems to me you are skating to where the puck is.

Sat, 05/12/2012 - 12:23 | 2419807 ActionFive
ActionFive's picture

Dude- read the whole article.

Fri, 05/11/2012 - 15:24 | 2418307 disabledvet
disabledvet's picture

Reality is TomaTaxpayer. What a beautiful prison!

Fri, 05/11/2012 - 15:27 | 2418309 resurger
resurger's picture

Great Read Mike +5

Reality and Truth will surface, even if those bastards at JPM, FED, ECB , GS et al try to hide it or fight it, they will get their fair share of disgrace, bankruptcy and death.

God created this earth and engineered it flawlessly, and whenever the unjust prays to him, he will answer in the right time (JPM 2bn loss was one small example, and more to come)

I still remember Roy Brown back in 2007 who was sentenced for 15 years for the $100. No mercy to that 54 years old man. Even predators show mercy on the weaklings.

 

 

 

 
Fri, 05/11/2012 - 15:30 | 2418322 lolmao500
lolmao500's picture

Obama will be reelected. And he will be able to appoint new SCOTUS judges. And you bet they gonna be anti-gun and pro-big government. Obama is reelected, civil war will probably break out over the second amendment down the line if the economy don't collapse first.

Fri, 05/11/2012 - 16:05 | 2418477 Seer
Seer's picture

Another Party Pussy?

Ya know... I heard this same crap coming from the "other side."  Libs/Left/Dems were telling everyone that GW Bush was going to stay on the throne and that he'd be bringing more death and destruction (killing civil liberties as well), and that everyone had to rally around his opponent- Obama.

So, only those who are clueless and or Party Pussies would spout this kind of shit (as though it's the single domain of one person or one party).

Fri, 05/11/2012 - 16:11 | 2418514 lolmao500
lolmao500's picture

Eh, I'm just saying. Romney will probably do the same... so I would like for Obama to be reelected so at least it's obvious and people oppose him. If Romney is elected, the stupids will think that Romney is a savior...

Fri, 05/11/2012 - 15:29 | 2418327 New England Patriot
New England Patriot's picture

Extremely skeptical of putting finite timelines to the s-storm. People have been calling apocalypse since 2008... all have been wrong so far about timing.

Fri, 05/11/2012 - 15:45 | 2418382 paulbain
paulbain's picture

I agree. And this is probably the most important lesson that I have learnt in recent years, at least with respect to the impending economic and financial crisis. The hyperinflation, for example, is unfolding in slow motion. The money-printing began years ago, and, so far, we have seen little significant inflation, except in fuel and food prices.

-- Paul D. Bain

paulbain@PObox.com

 

Sat, 05/12/2012 - 11:07 | 2419733 Papasmurf
Papasmurf's picture

you don't shop often, do you?

 

Sat, 05/12/2012 - 04:56 | 2419574 tenpanhandle
tenpanhandle's picture

I think your opinion is wrong@New England Patriot!

Considering all that has gone on since 2008, I'd say all those people calling apocalypse since 2008... all have been right.  At what part of a sunami does an apocalypse reside.  Is it far out in the ocean when the driving force is created by a substantial shift event or the time, sometimes much later, when the killing wave hits the beach?

How long does an apocalypse last and when do you know its over.  Can you see it exactly when it arrives or do you only know after you are dead and therefore not at all. 

How many of your fellow citizens have and are going through life shattering apocalii right now.  People have lost their homes by the hundreds of thousands; families going bankrupt with little place to turn except toward the pride shattering direction of Government so called hand-outs;  huge segments of society pitted against each other, using centrally planned mind programming techniques which is  creating a massive wall of hate that is being stoked at the same time it is being repressed by countless new socio- pseudo laws, rules and regulations that are being imposed upon us in ever increasing intensity (top that run on sentence). It is a massive cauldron in the exact process of boiling over.  It is a tsunami relentlessy on its way.

It is so obvious to many of us that, at the least, a socio-economic tsunami is clearly bearing  down on us. We have just been seeing it from farther away or we know some of the countless Americans living the shattered American Dream.

A final thought:  a watched pot never boils but divert your attention away for a moment and there she goes - bubbling away.  Turn your back on the pot at your peril.

 

Fri, 05/11/2012 - 15:37 | 2418336 Die Weiße Rose
Die Weiße Rose's picture

most of your so-called demented "sheeple"

are actually a wishful figment of the shrinking financial Services Industry broker's Imagination.

Just look at the Volumes !

Only the circle churning HFT FED is propping up volume and ponzi jerks like GS or JPM and MF-Global.

The only Robots trading now is the US FED against Retirement-Funds, Pension-Funds and Hedge-funds,

in an endless pump and dump circle jerk.

Who are those " Sheeple " you keep talking about ? There are NO "Sheeple" left in your Ponzi Market.

All Media Headlines are run by the Fed the BLS and the Financial services Industry in an evermore desperate attempt to find those illusive "Investors" you keep calling "the sheeple". Yes, even those on Zero Hedge !

None are to be found and the Ponzi scheme is "deleveraging" as you would say in your endless effort to explain total madness and dementia.

The sheeple is actually you, you are the last fucking demented Sheeple sitting there tirelessly day after day,

trying to make logical sense and find reason in the demented chaos of the criminal insane...

and that makes you part of that whole crumbling pile of shit

you call " the US and UK financial Markets "

Whats left is a Ponzi scam run by the FED who is desperate for revenue.

Pump and Dump is now all that's left for all you stupid Fucks, that are still buying into this shit.

NO fucking "Sheeple" left !

and that says it about all ! 

wr;)

Fri, 05/11/2012 - 15:56 | 2418441 GernB
GernB's picture

Don't sugar coat it. Tell us what you really think.

Fri, 05/11/2012 - 16:10 | 2418516 Seer
Seer's picture

The future was stolen by the Ponzi and now it's being returned.  All because growth is dead.

All it EVER was was a Ponzi.

The casino is being shut down.  What we're seeing are the hardcore addicts continuing to gamble right up to the bitter end: it's all they know.  The chips are worthless, let them have it all.  Protect your land-base, food and water.

Sat, 05/12/2012 - 20:03 | 2420421 BigDuke6
BigDuke6's picture

i think i'm agreeing with you hans gruber.

everyone here is patting themselves on the back - arrogantly talking about the 'sheepie' as if finding ZH makes you able to outrun TPTB.

its boring.

lets have some original thinking for a change.

things are developing fast now.

although to give the crowd credit no one is panicing about the drop in gold.

we all know its cool.

Fri, 05/11/2012 - 15:37 | 2418349 Downtoolong
Downtoolong's picture

All of us are thinking the same way [about metals]

That’s why I bought a little more silver today. We can’t all pick off the bottom. I prefer a gradual approach to getting in and out of positions. It eliminates the timing problem. In the long run, it doesn’t matter when, just that you have it.

Fri, 05/11/2012 - 16:32 | 2418570 Oleander
Oleander's picture

I was 6 in line today. Many people are waking up. Noone was selling, all were buying and the woman behind me was looking for silver too. The supply was getting low, He will be closed until next Wed. 

Fri, 05/11/2012 - 19:02 | 2418944 zerotohero
zerotohero's picture

Bought 50 more silver maples today - my brother bought his first 100.

Fri, 05/11/2012 - 15:39 | 2418364 lasvegaspersona
lasvegaspersona's picture

We should be happy that those few, those brave few, are selling paper so we may buy physical at a low price. In the end Ben B will be discovered to be on Ron Paul's payroll, deftly making gold available at a below market price. I for one am greatful.

Fri, 05/11/2012 - 15:41 | 2418367 EZYJET PILOT
EZYJET PILOT's picture

They will only crash it when they have the full police state in position.

Fri, 05/11/2012 - 18:04 | 2418840 Ima anal sphincter
Ima anal sphincter's picture

With all the guns spread around this country, I would think being on the "government's team" would be a bad bet. 1000 men in riot gear ain't going to hold back 100,000 armed and PISSED OFF citizens.

I will not be happy until ALL the traitors are swinging from ropes.

Then it's time to "remove" the central bankers and put measurements in place to NEVER let that type exist again.

Sat, 05/12/2012 - 00:03 | 2419400 PR Guy
PR Guy's picture

With European eyes, every time I come over to the USA it already looks like a police state. It alls seems very in your face and heavy handed over there. You guys point guns, cuff em and make em do the perp walk. Our police are unarmed and politely ask you if you wouldn't mind coming down to the station to answer a few questions when they arrest you.

 

It's the bit you don't see that's really frightening though... the electronic eavesdropping, the secret surveillance, etc. it's 24/7/365 and all under the BS of 'the war on terror'. It's all about control and having the force and the control in place for when the shtf

Sat, 05/12/2012 - 04:21 | 2419566 falak pema
falak pema's picture

Talking about police state in USA and not in Europe :

The London Olympics will shatter that image somewhat, when an aircraft carrier and army men are used to "protect" the sheeple in London town, venue for potential fun n games  of "surprise terror attack" type. 

That the Olympics of all events should be the venue of such a show of militarised urban control says volumes for the evolution of modern society on both sides of the pond.

Frau Merkel, having grown up in East Germany behind John Le Carre's wall, can now say it truly : I've seen it all on both sides of the SHAM corpocracy curtain. When new capitalisim and old communisim shake hands over the graveyard of democracy and republicanism, ironically created by those who "socked it to Gorby". Big Brother kingdom where quidditch is for grown up children throwing the javelin. And media millions fill the pockets of those other shills, the Transnationals who run the world. 

Brave new world. Watch Athens burn as we celebrate its morphed legacy.

Fri, 05/11/2012 - 15:44 | 2418379 derek_vineyard
derek_vineyard's picture

silver to $2500?   ---  why wait then to pounce?

Fri, 05/11/2012 - 18:23 | 2418870 xela2200
xela2200's picture

I think He is talking about gold at $2,500

Fri, 05/11/2012 - 20:27 | 2419039 tekhneek
tekhneek's picture

Paying attention to prices too much can fuck you. The GSR is the ticket. If you can flip/flop back and forth with good timing and a good bullion broker/dealer... you can double your supply without adding any more metal. Hell, you can triple it.

Shit, you could even keep stacking to the undervalued side in order to eventually buy more on the heavy side than you ever could with the versa...

 

Fri, 05/11/2012 - 15:53 | 2418423 GernB
GernB's picture

It's difficult to know what the long term holds and things tend not to happen at as fast a pace as people expect. In the short term I could make probably make a few intellegent quesses. I think markets need to be much lower and we need several more weeks of bad data to build a solid justification for further Fed intervention. A couple of weeks of bad employment data and signs of weak demand is worrysome but it might be difficult to justify another round of QE base on that alone. So I wouldn't expect new QE in June, though I could be wrong. What's more they need panic in the markets to get the people behind the idea and 1350s is not the panic area for the S&P, it's more like 1250 or lower. So I'd expect the market to decline along with metals for another few weeks into July so that sentiment begins to turn more fearful. Fear can be used to get people to surrender their freedom so once the recovery talk vanishes and fear starts to set in, probably in July, I'd expect the Fed to anounce some new form of QE.

Fri, 05/11/2012 - 16:54 | 2418662 Seer
Seer's picture

"things tend not to happen at as fast a pace as people expect"

I wouldn't state this as an absolute fact.  I find that most times this is the rationale for not taking a proactive stance: sometimes being out front tends to draw attention, so I guess it's somewhat understandable that the tendency would be to not be proactive.

For those who are prepared maybe things are slow.  But for those who aren't prepared, well... check with them AFTER things have gone south and I'm sure that you'll hear nothing but "we didn't expect this; we didn't see it coming."

Fri, 05/11/2012 - 18:40 | 2418903 xela2200
xela2200's picture

I would be careful to set a "trigger" point as many are stating. Another aspect to take into consideration is that the FED needs to be forward looking. It would take a LOT more money printing once there is a great deal of momentum once the economy is going south. If they are going to print, they will not wait until all hell breaks loose. Rather, when the economy starts to look as is rolling over and based on where THEY think it is heading.

Politically Europe is proof that people prefer printing over austerity (financial responsibility). People can put up with higher prices (angrily) as long as they have jobs and their 401k is showing green arrows. I spoke to a Postal worker the other day, and he mentioned that he wasn't worried as he still has his job and money in the bank. It didn't feel like He was concerned or understood what money printing will do to his money in the bank. He only mentioned that He could live many years with what He had in the bank, and, now, He was just hoping to have a job long enough to qualify for pension. Many people are in the same boat be it food stamp, welfare, government job, etc.

Fri, 05/11/2012 - 21:00 | 2419097 I think I need ...
I think I need to buy a gun's picture

they don't know it yet but everyone that is retired is going back to work too.......long unemployment lines bitchez

Fri, 05/11/2012 - 15:58 | 2418449 Mongrel
Mongrel's picture

When you have a Monopoly of the Means of Violence, you don't have to be creative in your theft. You just do it and dare the victims to try and stop it. It's a simply game, really . . .

Fri, 05/11/2012 - 15:59 | 2418454 Seer
Seer's picture

It just dawned on me that the ONLY logical conclusion is, as noted in this article, to crush commodities.  Think about this, think about WHY...

GROWTH really only happens through the CONSUMPTION of commodities.  TPTB ONLY exist due to growth: if there was zero growth then that would mean that they would have to carry their own weight, something that the elite class knows not how to do (they hide behind curtains of political or religious "leader").

So, in a way, they're trying to force feed us.  Physics just won't cooperate- can't push on a string.

It always has been, and will continue to be, the case that TPTB maintain control by manipulating commodities.  Their control will fail as scarcity sets in...

War.  War and "rationing."  Count on it.

Fri, 05/11/2012 - 16:27 | 2418551 Chaffinch
Chaffinch's picture

Tragically I think you might be right about war Seer. Historically it has been the best way for TPTB to get the sheeple to accept 'austerity' in huge doses.
The real enemy is within (there used to be a branch on every high street).

Fri, 05/11/2012 - 19:06 | 2418953 zerotohero
zerotohero's picture

yer good.

Fri, 05/11/2012 - 16:00 | 2418456 you enjoy myself
you enjoy myself's picture

its not 6 months - its the next debt ceiling standoff, due in Sep or Oct.  the SHTF leading up to that, not the election.   which means Ben has to print by July or not print at all.  if he unilaterally facilitates more debt and more debasement precisely at the same time Congress is debating those actions, then the GOP will go apeshit on the Fed should they take back power.  

Fri, 05/11/2012 - 18:52 | 2418915 xela2200
xela2200's picture

Give the man a cigar. However, if they are going to print June is a far better month. Twist ends in June and the stock market might get a crack crash. Additionally, printing too close to the election might look too political. Summer is going to be more about politics, so better stay away from that. All the price action in Precious metals has been so counter intuitive. It looks more like prep work. Watch the COT. If the FED prints, the big boys will come for the ride. Profits are just another way to fund them with money.

Fri, 05/11/2012 - 15:59 | 2418457 q99x2
q99x2's picture

A Historic solution to acts of devious brilliance.

The Guillotine

Fri, 05/11/2012 - 16:01 | 2418459 Winston Churchill
Winston Churchill's picture

TPTB are long term strategists.

Sure, they are going to lose tactical battles ,here and there.

It's who will win the War(maybe literally),that counts.

Fri, 05/11/2012 - 16:06 | 2418481 Snakeeyes
Snakeeyes's picture

If you want to see scary central planning at work,look at the upcoming Pew Trusts conference on fixing the housing market. From the same group of Statists that brought us the US housing crisis: HUD people, antibank attornenys, shills that stand to gain from getting the ADM to do mass refis and write down principal, etc. This is nauseating. AND HEADED BY ALLEGED FREE MARKET ADVOCATE SHEILA BAIR!!!!!!

Pew Trusts Conference on “Strategies To Improve The Housing Market ” – Talking Heads for the Administration, No Balance of Ideas

http://confoundedinterest.wordpress.com/2012/05/11/pew-trusts-conference...


Fri, 05/11/2012 - 16:50 | 2418648 loveyajimbo
loveyajimbo's picture

If the JPM derivatives FUBAR gets out of control, time may be much shorter than one would think... and I doubt if gold goes below $1450, so the percentages ( a 7% down risk... BFD) are telling me:  BUY NOW

Fri, 05/11/2012 - 16:55 | 2418664 lynnybee
lynnybee's picture

s.o.b. clintons ; the whole lot of them.    the whole bunch of them ought to be in cuffs, & share a cell with Robert Rubin . 

Fri, 05/11/2012 - 17:04 | 2418694 headless blogger
headless blogger's picture

...and Larry Summers!!!!!

Fri, 05/11/2012 - 17:24 | 2418734 francis_sawyer
francis_sawyer's picture

All Summers has is this little piddly circumcised wanker which doesn't even swing... His dick, therefore, isn't a big enough dick to qualify... Now ~ His mouth might be of some use (to some)...

Sat, 05/12/2012 - 11:29 | 2419749 Papasmurf
Papasmurf's picture

penis envy?

Fri, 05/11/2012 - 17:02 | 2418691 headless blogger
headless blogger's picture

"devious brilliance"

 

Not brilliant and it looks like we are going to find out soon just how Non-brilliant these people are. They have simply been taking advantage of the various loop-holes in the character and nature of humans. Most people don't take advantage of others this way...these people do.

Fri, 05/11/2012 - 17:09 | 2418703 headless blogger
headless blogger's picture

"When a price is printed that catalyzes huge buying it will set a major floor and we will be headed straight to $2,500 very fast."

The $2500 was a typo wasn't it? Or was he talking about Gold?

Fri, 05/11/2012 - 18:11 | 2418852 CPL
CPL's picture

Silver...not gold.  Gold goes to 35k an ounce.  Check his site, he's got the math somewhere on there.

 

I'm not as optimistic, upheaval in any social context changes what becomes valuable.  Toliet paper might be the commodity of trade value.  Silver and Gold are dug up when they are absolutely needed and there is an established black market that is clean enough to do transactions like medicine.  Americans already do this to some degree with Canadian online pharmacies, that by definition is a black market.

 

Unfortunately when silver reaches 2500 it won't help you much, it probably means the price of a loaf of bread is $200.  Which in terms of relative value is better than holding cash in terms of buying power.  Don't get caught with it though, you'll have to watch your back from the authorities but also your neighbours thinking you've got a pot of gold somewhere.

That in itself is an entirely different train of thought...

Fri, 05/11/2012 - 20:52 | 2419089 blunderdog
blunderdog's picture

      Unfortunately when silver reaches 2500 it won't help you much, it probably means the price of a loaf of bread is $200.

Wha?  That's the whole point.  When I'm hungry, I'll be psyched that an ounce of silver still gets me 12 loaves of bread.

Fri, 05/11/2012 - 23:55 | 2419383 PR Guy
PR Guy's picture

And when you're buying those twelve loaves, all the shifty eyed people around you will be whispering to each other ... hey that' guys got silver.... do you think he's got any gold at home too.... do you know if he keeps a gun there..... it's a moonless night tonight.... let's whack him

Sat, 05/12/2012 - 05:15 | 2419581 tenpanhandle
tenpanhandle's picture

Well okay.  I'll just whack myself and get it over with.  Geez!  Send me your PM's if you're so scared of em.  I'll even trade you toilet paper.

Sat, 05/12/2012 - 11:41 | 2419759 blunderdog
blunderdog's picture

You're right, it'll be just like today. 

When I go to the liquor store, I don't pull out my five inch roll of hundies, I pull out my paperclipped wad of nickels and dimes.

Fri, 05/11/2012 - 17:52 | 2418805 rsnoble
rsnoble's picture

TV has nothing to do with my sedation. Sky vodka might though. I don't know how anyone armed with my knowledge could not drink.  Sometimes I wish I were the lobotomized sheep. Oh well........one shot at a time ill get there. If only temporarily.  Sorry, i've been preaching this shit for years it's just overwhelming when there's 1 of us to 100,000 fucking mororns. That's why the bastards get away with what they do because they have effectively portrayed us as morons.  I mostly feel like im living on an island, at any one moment any person that is within my field of vision is most likely a stupid fucking sack of shit that has no clue what's going on and probably doesn't even want to talk about it.  Therefore fuck it, when it goes it goes.

Fri, 05/11/2012 - 20:38 | 2419054 tekhneek
tekhneek's picture

Couldn't have said it better myself.

Cheers mate.

Fri, 05/11/2012 - 21:59 | 2419168 holdbuysell
holdbuysell's picture

'There's lots of 'em' armed like you...hidden in the deck.

Watch:

http://www.youtube.com/watch?v=KtmVMrAUcR8

 

Sat, 05/12/2012 - 05:29 | 2419584 tenpanhandle
tenpanhandle's picture

Pop over to my bunker after it goes.  I'll stand you to a drink or two.  Copius quantities of alcoholic beverages from swill to phrill always seemed a good investment.  Recently I bought 4 cases of 1.75 ml Stolie in glass jugs at Costco for 18 bucks per bottle.  24 bottles total for 432 green no-backs.  I also received in the mail a half eagle 1888 gold coin which also cost right around 430 dollars off of ebay.  I tossed the coin up and down in my hand and then looked at the 4 cases of stolie - and right then I lost some of the feeling I had for gold - and i am a gold mining goldbug with gold fever. 

True story - that.

Cheers

Fri, 05/11/2012 - 18:00 | 2418827 besnook
besnook's picture

china is laughing all the way to the vault. they may even be an accessory to the pm pounding. for deep pockets like china's it makes perfect sense to pound the etfs short with one hand and buy the physical with the other until they decide to let it ramp.

Fri, 05/11/2012 - 18:31 | 2418886 lakeside
lakeside's picture

I think you are right on besnook. They are waiting for bones and feathers to make their final move on the carcass that has been continually hollowed out by those "that have the intellect and superior Godgiven talents" to do whatever they think is the best for them and screw the rest. "We'll show them we know what's best" is their motto. F'em all!

Fri, 05/11/2012 - 22:04 | 2419175 holdbuysell
holdbuysell's picture

Interesting...pound PMs and back the position by US TSYs. Buy PMs with freshly-printed CNY.

Possible?

Fri, 05/11/2012 - 18:29 | 2418882 The Alarmist
The Alarmist's picture

Think of it from the perspective of a sociopathic cancer victim ... you have six months to live: are you going to spend them being kind and loving to those who love and support you, or are you going to go on an orgy and party binge?

We know where they are taking us.

Fri, 05/11/2012 - 18:37 | 2418898 printmoremoney
printmoremoney's picture

You could move Blankfein into the Whitehouse, put Jamie as VP, and put Obama as their secretary in high heels and make Biden a Gopher and the masses still would not understand who runs the SHOW.

Who is going to be the player that takes out GS and JPM?  There is somebody at the BIS smoking a cigar with the plan. None of this shit happens by accident. 

 

 

Fri, 05/11/2012 - 19:01 | 2418941 my puppy for prez
my puppy for prez's picture

Ah, yes...the BIS....the Hidden Hand...good point!

Fri, 05/11/2012 - 19:25 | 2418976 The Alarmist
The Alarmist's picture

I would have thought Biden would be dressed in leather shorts, wearing a dog collar and on a leash. He's kind of a gopher-looking guy already.

Sun, 05/13/2012 - 08:08 | 2420877 lakecity55
lakecity55's picture

Yes, who? The Red Shield and their other group of lackeys.

Fri, 05/11/2012 - 19:12 | 2418962 Milestones
Milestones's picture

The timing of Qe3 will be over the next congressional recess when ever that is. Don't want any pol grandstanding to the media now do we??? 

Milestones

Fri, 05/11/2012 - 20:57 | 2419096 holdbuysell
holdbuysell's picture

"The pent up demand from folks like me is big.  We are in no rush as we are waiting for the Central Planners to blink and then we will pounce."

M1 and M2 are rising...lots of dry powder.

Your move, Chairman Bernanke.

Fri, 05/11/2012 - 21:00 | 2419100 Mark123
Mark123's picture

Good article.  Food for thought.

 

IMHO....the control of America was lost during the American Civil War (sold today as a war over slavery).  The soul of America ("dumbing down") was lost during the Vietnam war years.

 

Now we just sit by and wait for the barbarians to arrive and start the looting.  Well....I guess that is already taking place.

Fri, 05/11/2012 - 21:15 | 2419114 TicoTiger
TicoTiger's picture

"...yet the television and the markets have cloaked a blanket of sedation upon their minds."

Indeed they have. Like this link by the WSJ that speaks about a $2-billion blunder! Ha ha, blunder my ass!

http://online.wsj.com/article/SB1000142405270230407030457739651142079200...

I personally don't understand how anyone awake can actually admit to trading in these bs manipulated "markets."

Here is my response:

"Living is easy with eyes closed, misunderstanding all you see.
It's getting hard to be someone but it all works out, it doesn't matter much to me.
Let me take you down, 'cos I'm going to Strawberry Fields.
Nothing is real and nothing to get hungabout.
Strawberry Fields forever."


Fri, 05/11/2012 - 22:15 | 2419219 dexter_morgan
dexter_morgan's picture

No worries mate, all is good. Obama is 'out of the closet' so to speak about gay marriage so the money spigot will be turned on big time again for him, and all the fuss about it will keep people good and distracted for months........

And if that doesn't distract them there will be other highly important things like DWTS, Idol, faux politico-religious arguments, and whatever else it takes to keep the beam of light off TPTB.......

Sat, 05/12/2012 - 00:08 | 2419402 ejhickey
ejhickey's picture

Question.  If there really is an assualt on commodities, especially Gold and silver, why not start buying puts and then use the profits to buy physical metals?  To use a bseball ananlogy, this sounds a lot like hitting against  a pitcher who can't use his curve , slider or change up and is left with a fast ball.  You know what pitch is coming , just a question of location and how hard you swing.  Someone tell me what is wrong with my reasoning.

Sat, 05/12/2012 - 01:57 | 2419478 fajensen
fajensen's picture

I have to hand it to the Central Planners.  They are good.  Really, really good.

Of course they are Good. I know some of them from work, they are so bright and shining that they are even experts in other areas, bee keeping or publishing epic historic books on Britishs steam ships f.ex. because their day job just cannot burn enough of the "CPU-capacity" that they have.

I am a pretty smart guy myself, but these people are just exponentially smarter! I respect and envy that (a bit), I don't agree with what they do, but we "differently-abled people" have to play the cards that we were given as best we can. And hope that will be good enough to support out families and help or friends.

My advice: Just go with the flow - they are so many steps ahead that you (and me) have no chance at all of beating them, unless dumb luck intevenes. Interest rates will be low "forever", unitl they suddently won't, so use the calm to dispose of any asset you have acquired on margin because the change will come suddently.

Sometimes I wonder if someone has succeeded in building a strong AI - because what I see all over is stupid bets that turn out OK, almost if there was a (machine) god (for some people). 

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