tvbcof
Legendary
Offline
Activity: 4732
Merit: 1277
|
|
May 13, 2012, 05:41:45 PM |
|
...snip...(I read it.) so there you have it. Happy Mother's Day! Something we likely agree on (complements of Max Keiser's site):
|
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
May 13, 2012, 05:45:35 PM |
|
...snip...(I read it.) so there you have it. Happy Mother's Day! Something we likely agree on (complements of Max Keiser's site): oh gaud. how frickin true is that? what's funny is that altho i think they're both criminals and the scum of the earth, when i watch Dimon talk on TV i can't help actually "like" the guy as in "he couldn't possibly have done THAT, could he?" the fact of the matter is he can and he did. mofo.
|
|
|
|
MatthewLM
Legendary
Offline
Activity: 1190
Merit: 1004
|
|
May 13, 2012, 06:24:47 PM |
|
i seriously considered not responding to you b/c it's like talking to the wall as i learned dealing with you in the "Gold: I smell a trap" thread. as you said, you only read what you want to. or perhaps when you have a vested interest in not understanding something you won't? look around you man. over the last 12 yrs we've been having a global price discovery facilitated by the Internet. we've entered the Age of Deleveraging. Nasdaq is down, stock market down (compared to its 10/07 high), housing down. now, over the last year commodities down, silver down, gold down, miners down, Euro debt defaulted, Iceland debt defaulted, Ireland debt defaulted. we're on the verge of 2 big kahunas defaulting; Spain and Italy. this will spill over to Germany. eventually i think the Euro gets disbanded resulting in another huge debt default. look at the past 1.5 mo where US stocks are being affected. there are a boatload of individual stocks that have gapped down big as their shareholders have been taken out and shot in the head; GCMR, PRU, DECK, CSCO, and the most recent on Friday, JPM. we are not going to continue to inflate no matter what the Fed does and all these price indicators are telling you that. look at Morgan Stanley, they will probably be the next Lehman. JPM goes right to the heart of the world's financial system. they hold the biggest derivatives book the universe has ever seen and they are the Feds tool and connection to all markets. Friday indicates BIG trouble. to directly answer your question, no, they can't print fast enough to fill the imploding debt or asset values. this is why asset values are falling and if you choose to ignore this you will lose alot of money. There's a lot of text on these topics. I can't read it all. Do you think there will be wide bank defaults on deposits and that interest rates will go sky high. What about deficit financing? But sure ignore these questions if you will.
|
|
|
|
tvbcof
Legendary
Offline
Activity: 4732
Merit: 1277
|
|
May 13, 2012, 06:38:55 PM |
|
oh gaud. how frickin true is that?
what's funny is that altho i think they're both criminals and the scum of the earth, when i watch Dimon talk on TV i can't help actually "like" the guy as in "he couldn't possibly have done THAT, could he?" the fact of the matter is he can and he did. mofo.
I've never seen Dimon talk. No TV. Believe it or not, I actually kind of like Bernanke. Furthermore, I'm not convinced that I would do things much differently if I were in his situation, and am sure I could not do things better. As I've said before, I think it is a very rational strategy to milk the current situation to the max before it collapses, and also to balance the exploitation of the situation against the things necessary to extend the collapse out as long as possible. I'm not saying that I think these actions are ethical. I do not, which is why I have zero desire to be running the ship (and there is zero chance that I ever would be for numerous reasons.) But I am also not blind to the fact that I, as an American, am living very highly on the hog relative to most of the world's people and that I have people like Bernanke to thank for this. I do believe that if Paul were captaining things, we'd be in a totally different and totally wretched situation right now. The only difference is that we'd be on the way toward a recovery rather than on the way into the abyss.
|
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
May 13, 2012, 07:35:32 PM |
|
There's a lot of text on these topics. I can't read it all. Do you think there will be wide bank defaults on deposits and that interest rates will go sky high. What about deficit financing?
But sure ignore these questions if you will.
|
|
|
|
MatthewLM
Legendary
Offline
Activity: 1190
Merit: 1004
|
|
May 13, 2012, 08:11:25 PM |
|
Don't worry then, I'll just talk to my gold. :-D
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
May 14, 2012, 01:47:53 PM |
|
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
May 14, 2012, 01:54:41 PM |
|
$28 silver.......blink.........gone.
|
|
|
|
silverbox
Legendary
Offline
Activity: 966
Merit: 1003
|
|
May 14, 2012, 02:34:45 PM |
|
Its just temporary. We get much lower and I might have to stop buying mining gear and start buying physical again .
|
|
|
|
MatthewLM
Legendary
Offline
Activity: 1190
Merit: 1004
|
|
May 14, 2012, 02:38:06 PM Last edit: May 14, 2012, 02:53:59 PM by MatthewLM |
|
Apparently investors are worried about the Eurozone. Do they know that they are setting up this new organisation designed to bail-out EU countries and institutions at moments notice (Well technically it's 20 something days or something)? And the new organisations basically will have power to do anything it wants, essentially forcing member states to hand over money. It's the European "Stability" Mechanism and will be operational in July.
Really whats going on is manipulators are giving people a last change to get good prices I reckon. Buying opportunities.
Edit: Apparently it isn't 20 something days, it's 7 days.
I should also mention that "worried about the Eurozone" means worried about default. I would love defaults to happen personally but these investors apparently, according to various news sites, don't.
Also by member states I meant Euro states which are members to the ESM.
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
May 14, 2012, 03:55:40 PM |
|
Apparently investors are worried about the Eurozone. Do they know that they are setting up this new organisation designed to bail-out EU countries and institutions at moments notice (Well technically it's 20 something days or something)? And the new organisations basically will have power to do anything it wants, essentially forcing member states to hand over money. It's the European "Stability" Mechanism and will be operational in July.
Really whats going on is manipulators are giving people a last change to get good prices I reckon. Buying opportunities.
Edit: Apparently it isn't 20 something days, it's 7 days.
I should also mention that "worried about the Eurozone" means worried about default. I would love defaults to happen personally but these investors apparently, according to various news sites, don't.
Also by member states I meant Euro states which are members to the ESM.
you're just a Keynesian wrapped in gold cloth AND, my favorite joke: what's a gold bugs worst nightmare? SOUND MONEY!
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
May 14, 2012, 04:02:41 PM |
|
The Daaash for Digital Caaash.
|
|
|
|
MatthewLM
Legendary
Offline
Activity: 1190
Merit: 1004
|
|
May 14, 2012, 05:10:21 PM |
|
Sound money not being gold?
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
May 14, 2012, 05:26:40 PM |
|
oh my. Silver Wheaton revenues miss. It must be time:
|
|
|
|
SkRRJyTC
Legendary
Offline
Activity: 1008
Merit: 1000
|
|
May 14, 2012, 05:27:12 PM |
|
Sound money not being gold?
If we find a truly 'sound money' ,such as BTC , what value would gold have left?
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
May 14, 2012, 05:38:55 PM |
|
Art Cashin: It’s hard to exercise a “rationality put” if things turn irrational beyond your control.
|
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
May 14, 2012, 05:42:43 PM |
|
Sound money not being gold?
Gold has a lot of problems. Slow and heavy—vulnerable, expensive... expensive? do you mean "not divisible enough"?
|
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
|
May 14, 2012, 05:44:07 PM |
|
Sound money not being gold?
If we find a truly 'sound money' ,such as BTC , what value would gold have left? about 0.001 BTC/oz
|
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
notme
Legendary
Offline
Activity: 1904
Merit: 1002
|
|
May 14, 2012, 05:48:04 PM |
|
Sound money not being gold?
If we find a truly 'sound money' ,such as BTC , what value would gold have left? about 0.001 BTC/oz I'll take 1000 oz please.
|
|
|
|
mb300sd
Legendary
Offline
Activity: 1260
Merit: 1000
Drunk Posts
|
|
May 14, 2012, 05:53:26 PM |
|
Sound money not being gold?
If we find a truly 'sound money' ,such as BTC , what value would gold have left? about 0.001 BTC/oz I'll take 1000 oz please. Give me 1000000
|
1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
|
|
|
|