The General Discussion Forum
The Zero Hedge General Forums.
Its Official: US Workers are now a minority!
Submitted by AGuy on 10/25/2013 09:35 -0500http://cnsnews.com/news/article/terence-p-jeffrey/census-bureau-means-tested-govt-benefit-recipients-outnumber-full
There were 108,592,000 people in the United States in the fourth quarter of 2011 who were recipients of one or more means-tested government benefit programs. Meanwhile, according to the Census Bureau, there were 101,716,000 people who worked full-time year round in 2011. That included both private-sector and government workers.
A Prediction Of Epic Proportions: Stock Market Crash Coming
Submitted by inthemoneystocks on 10/24/2013 14:25 -0500Until recently, I have not used the term "stock market crash". I do not take using this term lightly. It brings with it major repercussions. I am now breaking out this phrase because of the current state of the stock market. This stock market crash will occur within the next 6 months from today, October 24th, 2013. The markets will fall within a combined day/few days a total of at least 20%. ...Continue reading here: http://bit.ly/1aeHPKu
Harley-Davidson (HOG)
Submitted by material girl on 10/22/2013 10:22 -0500Did anyone else hear the HOG earnings call today? It seems like scrutiny is turning towards the financial segment (and Buffett's impending escape). Looks like a good thing to short. This report came out and the stock price plummeted:
http://ideamechanic.blogspot.com/2013/10/idea-mechanic-report-on-harley-davidson.html
SDR use on USPS mail
Submitted by giggler321 on 10/21/2013 10:01 -0500So I just got a parcel sent from Illinois to the UK. I just noticed a little box on USPS label, "SDR value" with it filled out.
So I checkout USPS website and see they've made some changes in January (http://about.usps.com/postal-bulletin/2012/pb22349/html/updt_004.htm).
Why have they valued 1 U.S. $ = 0.6502 SDR?
Why is my mail being valued in SDR? I figured Special Drawing Rights were only to come in when the currency is dead?
UH...AEX?
Submitted by Cheshire on 10/20/2013 18:28 -0500I think Greece just crashed and the FX just turned off.
What the Founders Would Have Said About the Debt Crisis
Submitted by OC Money Man on 10/16/2013 16:50 -0500The U.S. government defaulted after the Revolutionary War, and it defaulted at intervals thereafter. After the various branches of government resume talking and investors have recovered from its trauma of the risk of default, the Treasury will have no trouble raising the necessary billions of dollars to pay its bills, since the Federal Reserve can simply create paper money from its computer screen.
The US Dollar Party Is Over, or at least a bit further down the road to ruin.
Submitted by Petrus Romanus on 10/13/2013 10:51 -0500Found this short video on another sight. ECB and PBOC have agreed to currency swaps. While not huge amounts, definitely the beginning of a move. Here is the vid of news report: http://www.youtube.com/watch?v=MWXlyTtrVD8
Enjoy!
ObamaCare explained by lawyer
Submitted by FrustratedLogician on 10/11/2013 03:06 -0500I think moderators or contributors could actually post a message on front page by a lawyer from this forum http://www.godlikeproductions.com/forum1/message2380282/pg1
He clears up the whole bill.
FIX THIS WEBSITE - IT CRASHES 100% OF THE TIME IN EVERY VERSION OF INTERNET EXPLORER I HAVE TESTED
Submitted by ultra86 on 10/08/2013 22:56 -0500This has been going on for about 3 weeks now... Makes it very difficult to share articles with friends.... Please ask your developers to test the website in Internet Explorer... Such an unnecessary problem to have
Warren Buffet Head And Shoulders: An Ugly Signal For The Oracle
Submitted by inthemoneystocks on 10/08/2013 13:54 -0500Berkshire Hathaway Inc. (NYSE:BRK.B), Warren Buffet's company has an ugly head and shoulder pattern forming on the daily chart. Considering this company owns a little of everything, it is a very ominous sign for the global economy. Head and shoulder patterns are bearish patterns, predicting steep drops. The key break down level on Berkshire Hathaway is $111.00. If it takes out that level to the downside, $102.00 would be the next stop. ...Continue reading here: http://bit.ly/1bVP77G
McEwen Mining & TNR Gold: Las Bambas Copper Bidding From China Heats Up TNR.v, MUX, LCC.v, GDX, CU
Submitted by Sufiy on 10/05/2013 07:53 -0500It is getting more interesting by the day: Mining.com reports that now third Chinese company has entered the bidding "Art of War" for "Glencore Xstrata's (LON:GLEN) much-coveted Las Bambas copper mine."
Situation is getting more and more industry attention now and Lumina Copper closed yesterday at 4 month's high of CAD5.72. We are waiting when the market and analysts will pick up this story and translate Los Azules Copper project value for McEwen Mining and TNR Gold.
Update: Lumina Copper has printed CAD6.55 today - we hope to hear some good news from the company soon.
Obamacare’s Short Life Expectancy
Submitted by OC Money Man on 10/01/2013 22:07 -0500Despite the administrative turmoil in preparing to implement the law, supporters like to characterize the Patient Protection and Affordable Care Act (Obamacare) as a “work in progress” that only suffered a few glitches and needed a few tweaks. This reminds me of the implementation of the Medicare Catastrophic Coverage Act of 1988, where resentment grew after beneficiaries realized benefits of the new legislation added little to their existing coverage.
Good places to store your gold and Silver coins
Submitted by stopandthink on 09/30/2013 22:42 -0500Hello,
I was thinking of storing some gold and silver coins overseas. I heard Hong Kong and Singapore were good places to store your coins. From my research there is no import tax and they have a strong history of protecting your assets. However I would like to know some other countries (especially in central and south america) that would be good places to store gold and silver coins overseas so I have more options. I heard some good things about Panama but besides that I don't know much else. Any tips and names of places would really be appreciated. Thanks in advance.
Jason
Captain Phillips Empathizes with Al Qaeda as Kenyans Die
Submitted by OC Money Man on 09/26/2013 12:58 -0500As the movie thriller ‘Captain Phillips’, about economically depressed Somali hostage-taking al Qaeda pirates, opens the New York Film Festival this week, the real Somali al Qaeda pirates are murdering and holding hundreds of hostages in a Nairobi, Kenya shopping mall.
The Great Disconnect: United States Debt Vs. Growth
Submitted by inthemoneystocks on 09/24/2013 11:17 -0500Stock markets are now trading at new all time highs. Last week, the Federal Reserve announced that they would not cut their current $85 billion a month QE-3 program. In other words, the central bank to the United States wants to keep interest rates extremely low in order to boost the U.S. economy. They also continue to buy mortgage backed securities and U.S. treasuries to keep the recent housing boom intact.
