Summarizing Our Predicament
In the past 24 hours, two terrific pieces of "research" have been published by a couple of prominent Turdites. The presentations do such a fine job of summarizing the monetary part of our current predicament that I decided to create this entire new thread around them and begin a discussion.
Let's start with this brief presentation by Brent Johnson of Santiago Capital in San Francisco. It's concise and to the point, which makes it ideal for you to copy&paste the url into an email that you can send to every single family member or friend whom you are trying to "enlighten".
http://play.goldmail.com/rjsk8p9o2cr2
Hot on the heels of Brent's work comes this great new blog from Chris Martenson. Following along on a similar theme, Chris statistically makes the case you've heard me state around here for ages, namely that "tomorrow is NOT going to be like yesterday".
http://www.chrismartenson.com/blog/trouble-money/73469
By the way, if you haven't yet, now would be a good time to listen to last week's podcast with Chris. It's about 25 minutes in length but well worth your time:
http://www.tfmetalsreport.com/podcast/3659/tfmr-podcast-17-chris-martenson
And now that you're done with these three assignments, anyone want to buy some gold?? TF
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Comments
MrSteed
I guess perspective evolves over the decades... ask me today and I'll say my first decent guitar was my Taylor 310. My first, in the late 70's, was a knockoff cherryburst. Traded in grade 11 for Back In Black on vinyl and something that would make IRB proud.
Just so we're clear, the axe in that photo ain't mine. I don't have that kind of stack (yet).
http://www.duaneallmansgoldtop.com/photos.htm
;-)
Gold & Silver Chart Analysis (04.17.2012)
By Endlessmountain
Once a DPH...........
Thanks for outing me, Barter Brains !
I'm toast now ! Did you notice I give my self cover by calling my post a "Word Cartoon"....Cartoons are protected political speech ! Monedas 2012 Comedy Jihad Against Political Correctness !
PS: Those incompetent clowns would have been passed in front of a firing squad in North Korea ! It's a jungle out there without Uncle Sam Nanny Master !
Thorn
You aren't alone.....can't get it to play on my Macbook either. Have played prior podcasts.
Article Stating Japan to evacuate 40 million
If true, this would be startling: http://www.eutimes.net/2012/04/russia-stunned-after-japanese-plan-to-eva...
TRADERS STRIKE AT THE CME
I wondered if this is something that could happen in the metals...
http://barnhardt.biz/
"The only way out for psychopaths is war."
http://www.shtfplan.com/gerald-celente/all-aboard-the-auschwitz-express-...
Any sensible person who takes the time to review the evidence must conclude that we are no longer living in a Constitutional Republic. We are, by all accounts, living in a modern day Police State influenced by corporate agendas, the almighty dollar, and the desire for power and control.
It’s happening right before our eyes – just as it has happened so many times throughout history.
thank you paulindoon
appreciate it
2 new Business Ideas
Turdland Jobs Forum (for Mutual Benefit & Assistance)
Two business ideas just posted. More ideas welcome.
1.Make quality bread
2.Publish a local advertiser
http://www.tfmetalsreport.com/comment/154987#comment-154987
http://www.tfmetalsreport.com/comment/155066#comment-155066
obama responds after hearing about 9/11
US news
NY poverty rate up by 1.3 percentage points to 21 percent
6 yo girl removed from school by police in handcuffs in georgia (US)
Six Shooters And Silver Dollars !
AK47s and Dinars ? Zilverreiger's video of cute Muslim women laughing, blushing and eating their rice and goat giblets.....and paying for it in silver Dinars touched my crusty, cuddly heart ! The right to bear arms and sound money tamed the Wild West....and can do the same for Jews and Muslims and Christians ! I even think they could corrupt the North Koreans ! Monedas 2012 Comedy Jihad Up To My Horizontal Butt Crack In Sentimental Mush ! Yuck !
Sprott Will Signal Silver Bottom ...
Interesting:
Sprott Will Signal Silver Bottom
The end of Internet privacy
Email received today:
Dear friends,
Right now, the US is poised to pass a new law that would permit US agents to spy on almost everything we do online. But we can stop them before the final vote.
Companies that we trust with our personal information, like Microsoft and Facebook, are key supporters of this bill that lets corporations share all user activity and content with US government agents without needing a warrant in the name of cyber-security -- nullifying privacy guarantees for almost everyone around the world, no matter where we live and surf online.
If enough of us speak out, we can stop companies that profit from our business from supporting cyber-spying. Sign the petition to these key net corporations now:
http://www.avaaz.org/en/stop_cispa_corporate_global/?vl
The Cyber Intelligence Sharing and Protection Act (CISPA) would allow companies doing business in the US to collect exact records of all of our online activities and hand them over to the US government, without ever notifying us that we are being watched. No warrant, no legal cause and no due process required. To make matters worse, the bill provides the government and corporations with blanket immunity to protect them from being sued for violation of privacy and other illegal actions.
The bill’s supporters claim that consumer information will be protected, but the reality is that huge loopholes would make everything we do online fair game -- and nowadays, from banking to shopping, our private information is all stored on the Internet.
CISPA is being moved forward in Congress and will be voted upon in days. Let’s raise a massive outcry to stop corporations from giving the US a blank check to monitor our every move.
This year, we helped stop SOPA, PIPA and ACTA -- all dire threats to the Internet. Now, let’s block CISPA and end the US government attack on our Internet.
RaRa
Another helpful statement from a central bank:
Central bank stands pat but hints at rate hikes
Personal debt loads remain 'the biggest domestic risk' to Canada's economy
Bank of Canada governor Mark Carney elected today to keep the benchmark target for the overnight rate unchanged at one per cent, a level held at since September 2010. Despite standing pat for the 13th consecutive policy session, the central bank offered a few hints that the outlook has improved enough to consider raising interest rates sooner rather than later. The bank may have held steady, but the choice of words in the statement accompanying the decision itself "sent a clear signal that it may not stay there a whole lot longer," BMO economist Doug Porter noted.....http://www.cbc.ca/news/business/story/2012/04/17/business-interest-rate.html
- So maybe we will and maybe we won't. Hayek would be proud. Makes it really easy to plan. And I especially like blaming consumer debt loads for the precarious economy. Yeah, that's the problem - those pesky consumers are in too much debt.
- There were a number of stellar lines in comments last night, but realitybiter wins - an hundred hat tips! a hundred if you prefer. But your letter must be sent - anonymously, or by Ted Nugent. I wouldn't want to be on his naughty list.
Oh deep joy (not)
On The Goldman Path To Complete World Domination: Mark Carney On His Way To Head The Bank Of England?
Mark Carney, the governor of Canada’s central bank, has been informally approached as a potential candidate to replace Sir Mervyn King as head of the Bank of England in June next year.
http://www.zerohedge.com/news/goldman-path-complete-world-domination-mark-carney-his-way-head-bank-england
When things just couldn't get any better <sarc>
RaRa
Morning Toons
Solutions
Wake Up, Damn It!
And finally...
One More For Monedas From His Favorite Cartoonist
Another headline you can trust. From the IMF:
IMF forecast gets more upbeat
..... skipping the silly numbers to get you to this fabulous quote from the end of the article (which you of course will read with fascination) .....
Governments are cutting spending and raising taxes in Europe, the United States and Japan, dragging on growth, the report said. And banks are also reducing their debts, particularly in Europe. That's reducing lending and also slowing growth.Still, the economic landscape has improved from only a few months ago. IMF Managing Director Christine Lagarde said last week that the better outlook means the IMF might not need to seek as big a boost to its war chest. She had suggested in a January speech that the international lending organization would need an additional $500 billion, on top of the roughly $385 billion it already has.She didn't specify a figure last week but indicated that she hoped to resolve the issue at the April 20-22 meetings of the IMF and World Bank.But RaRa - he denied it, really he did
I was resisting posting an article about the Bank of Canada denying the rumour through the CBC, our Pravda (or should I say RT), which in a Soviet kind of way confirmed the rumour to be fact based. Reading through the lines of a government news service is fun for the masses, when they aren't running up their credit cards - bad masses.
Xty
No different here I'm sad to say if you check out our Aunty Pravda (the BBC or British B*ll*cks Corporation)
All we need now is for Spain and Portugal to fall off the economic cliff and the helicoptering in of more unelected technocrats and the redness on the map above of Goldman's infiltration of Europe will be complete. What a truly depressing thought .....
RaRa
Spain - again, What does this article mean?
Spanish Yield
http://www.bloomberg.com/news/2012-04-18/german-yield-5-basis-points-fro...
(Okay, I get that part)
Spain’s government bonds rose for a second day amid optimism the nation will succeed with an auction of two- and 10-year securities tomorrow after raising more than its maximum target at a bill sale yesterday.
(I also mostly get that part - except is there a difference between the bill sale yesterday and a bond sale tomorrow?)
but further on, here is the part I don't get:
“The market’s feeling a bit more confident about tomorrow’s auctions,” said Peter Chatwell, a fixed-income strategist at Credit Agricole Corporate & Investment Bank in London. “With the bill auction going OK, the thing that boosted confidence the most is that they were able to issue a large amount and that has worked its way along the curve.”
Does that mean that because the Spanish gov't was able to sell lots more debt yesterday, they were confident that they could attempt to sell an even bigger amount than they had planned? But worried they would spook the markets if they tried to sell and couldn't. So the market is feeling more confident that the game of fractional roulette has another empty chamber.
Ah, I need coffee. Anyhow, what it means to metals, I think, when you add in the IMF happy tour, is that the Euro is going to get a boost and the dollar is going to tumble. Which makes people think gold is going up.
Not Much Hope & Change, but More War & Strife
Main reason Jon Corzine won't serve a day in jail
And in the time it takes to make a cup of coffee
Spain’s Surging Bad Loans Cast New Doubts on Bank Cleanup
Spain’s surging bad loans are spurring doubt on whether the government can persuade investors that it can clean up the country’s banks without further damaging public finances.
Non-performing loans as a proportion of total lending jumped to 8.16 percent in February, the highest level since 1994, from less than 1 percent in 2007, according to Bank of Spain data published today. The ratio rose from 7.91 percent in January as 3.8 billion euros of loans soured in February, a 110 percent increase from the same month a year ago. That takes the total credit in the economy that the regulator lists as “doubtful” to 143.8 billion euros....
http://www.bloomberg.com/news/2012-04-17/spain-s-surging-bad-loans-cast-new-doubts-on-bank-cleanup-plan.html