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Yes we can!
Sadly the US situation is worse than Germany's since the Germans won't have to translate their tax forms to Mandarin...
when this shit blows, look out
It's going to Suck and Blow at the same time.
DEFLATION! DEFLATION! DEFLATION!
No need. Everyone already speaks english.
There are more people in China that speak english, than there are people in the US.
Everyone speaks english, even the French, though they won't admit it.
And several million in the US don't speak english either. Keep the southern border wide open a few more years and english will be a second language for most people born in the U.S. Press 2 if you want to hear this in Spanish.
"Living in a van down by the river!"
This is becoming a black comedy, it truly is. Everyone is insolvent, but which one won't bust in a few weeks that is the question.
yes, we can go broke and get conquored!
why only a senate vote? whens the next one where the bs happens
any1 putting fiat into treasuries is whatever cant wait for bubble to pop
And they have no problem whatsoever. When the world uses your paper, you have the world by the balls
And if they stop using your paper and that seems like it's important, you bomb the crap out of them. So you pretty much have 'em by the balls either way!
And some people are mystified that Presidents of both parties refuse to cut military spending.
oil trumps paper and bombing.
the collapse of the reserve currency leads to the hyperinflationary scenario
Stop being so simple. To get credit just say things like, "Times ten" and "Math".
That's right. Just not yet. Trav, I need a list of books from you please. Books that you would recommend. I really apprecaite your point of view. Keep up the good work.
Yup, because paper trumps all. Go ask Robo.
Debt debacle 2.0, bitchez.
U.S. paper good as tungsten gold, or maybe just a bit less.
Tungsten is good until we audit the forts. Paper is good until we audit the Fed. I wonder which happens first.
No real need for a budget. Nothing to see here, move along.
Hope and budget don't get along too well.
Obama has never used a budget, why would he now.
Santa will be dropping an Xmas eve vote to increase the debt ceiling down the chimney with care!
When we have record directs, isn't that a contrarian indicator? The public is buying?
Not a contrarian indicator; but an indicator of fear.
Where the hell else are soon to be retiring (good luck with that) folks going to put their life savings now that every other asset class has turned to shit?
If the public is buying record amounts of treasuries out of "fear" without any regard to the value of the asset they are buying, that is not a bullish thing for treasuries. At least not beyond today.
Dept to GDP over 100%, BITCHEZ!
Even a broken debt clock is right twice a day.
Hell, what's the difference between $15.1 Trillion and $30 Trillion when all you need do is print all your problems away?
Oliver Sarkozy couldn't have put it better.
"Excellent. Everything is going as planned."
"Excellent. Everything is going as planned."
that about nails it.
With no where left to run, the masses clamor into the last "safe haven" to be slaughtered. Is everybody in? The ceremony is about to begin...
wish I knew some links to Wile E. Coyote clips wearing a sheep costume.
Just wait when our treasury market becomes like Italy.
whom - without penalty of death by bunga bunga - would lend at 1.415% for 7? oh that's right, we "owe it to ourselves". God help the working man, in 2018 when that shit has to roll.
Where's the problem? Soon yields will be negative so .gov makes a tidy income by issuing more debt, More .gov income means less need for taxation, freeing up money for consumer spending and boosting the economy. Formerly burdensome credit card debt will become like a money market account. The perpetual motion machine has been invented.
Safe for now. Next month, perhaps very different.
And who's bidding? Do we have any info about it?
Interesting that USD is still used as safe haven over PMs. Seems counter intuitive to me... Unless investors and speculators don't think the PM market is big enough to handle the excess liquidity? Or just manipulation?
I continue to be a little nervous that PMs are correlating so much with equities lately.
Junk as you wish, but I have a lot of skin in the game and my assets are somewhat PM heavy, at least for me.
don't give up faith. options expiry was this week...MF Global messed that up. Dec is big delivery month (stand and deliver or fail). China, Russia and India are buying. 11th year in a row of positive gains for gold. debt and dollars are toast. gold is eternal.
Oh I agree that PMs are likely great in longer term horizon,(next few years) I'm just a little wary of short term. Unfortunately in this game the winner is the person who loses least...
well God help you if you just joined the PM party this year. 11th year is a charm? take heart that in those 11 years gold has had ZERO with a 8% correction and only 5 8% quarterly corrections. buy the dips!
I've said this before, but I have PM exposure from a few years ago, and then I increased it this year.
Most recently I bought around Labor Day, so I'm pretty upside down on that position.
the last few years I focused my energies elsewhere, by paying off ALL debt.
My assets: home (paid), whatever is in my home, 2 cars (paid), 7 bicycles (paid), small plot of arable land with a water source (paid), More USD than I care to admit (spread around 3 credit unions earning 0.5 to 0.85%). some physical PM. A fair amount of CEF (my entire IRA is in CEF) and Treasuries in my 401k. and a little physical. (less than most here would recommend, enough for me so I can still sleep at night).
I don't own guns personally, because I don't want them in my house. But my family has many many guns, and I help my brothers buy guns. (if the STHF they will be my muscle).
I am not a "true believer" in the precious metals. I think they have a strong story and good rationale for owning them. However, I believe there are pitfalls.
My dilemna: I have too many USDs. I cannot decide if I should buy more PMs or if I should buy more arable land with water source. There are pros/cons to both. Everybody here knows the pros to PMs. Cons include: Govt can take my PMs. PMs are manipulated now, they may be manipulated going forward, PM's have made a startling run the last 10 years after falling for 20 years. There are many pros to owning arable land with water. However, Land can be taken through taxation (my local property tax bill on primary home went up 17% last year and 5% this year), and Land values are dependent on commodity prices, and prices for good pieces of land are high, thus could fall significantly. also: I"m not a farmer! (although I might be forced to be one depending on outcome).
anyway, I'm nervous with Gold's action the last 3 months. I'm always a nervous nellie. and I'm ok with that, it's kept me out of harms way thus far. But I wish Gold weren't so correlated with equities lately. and I it definitely is interesting (in a bad way) that "safe haven" still means "USD" to the masses.
What CEFs are you in??
I admire your honesty and your position. If I were you I'd think about buying a farm instead of having a house and plots of land.
Best Wishes :O)
TO Hmm... I think the answre to your question is Liquidity. You can go out and buy bonds and dollars with no problem. If you buy gold you have to store it. Besides this, the next piece of news is how the US is saving Europe, overtly or clandestinely via the FED and IMF.
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