Happy New Year, and all . . .

Well first off, Happy New Year everyone!
 
After months and months of crazy busywork as a trial lawyer, the Holidays are a welcomed break from the action.  My normal posting days of Wednesday, fell exactly on Christmas and New Years, so that too was a perfectly fine excuse to take some time off and recharge.
 
Glad to see Stephanie aboard, too.  It is excellent to have her here, giving us yet another facet and viewpoint.
 
With that said, I did also manage to drift off and obtain some new insights.
 
I want to share one now, and next week I can dig into something that has been troubling me for a long time, and I just do not have the capacity to figure it out.
 
Here is the insight.  Imagine if you will, being in China, living in a large urban area.  You are a hard working, 25 year old, single, Chinese male.  You have an average education among the average men of your age in that Chinese city.  You have listened to your politicians, your elders, and have moved to the City to earn a living.  You choose to live there, because you have evaluated your situation, and this is the best choice for you at the moment.  You have decided to spend whatever little you manage to keep, after payment of expenses on food, clothing, shelter, on something worthwhile for you alone to enjoy.  So you go to the shop near where you live, and you buy ___________________.
 
Same scenario, except you are in America, living in a large urban area.  You are likewise, a hard working WHITE male, 25 years old, single.  All things being the same as the above example, you decide to go to a shop near where you live, and you buy ______________________.
 
Now, do the same exact scenario, except in this one, you are a 25 year old black male, single.  All other things being the same, you decide to go to a shop and buy ___________________.
 
I did this thought experiment for awhile as I ran last weekend.  (I am preparing for my first 50 mile ultramarathon, the PCT in San Diego County in May).  So, as I am running, thoughts drifting here and there, I ran this scenario above.
 
Here are my answers, based on my reasoned conclusions as a result of me living my life and seeing what I have seen, doing what I have done.  The Chinese guy buys GOLD, in whatever form he can.  The white American buys a GUN, or sports equipment, or something to try and get laid with, straight out of the local mall.  The black American buys the latest Jordan’s, or something similar to the white guy from the mall, but the purchase is pure conspicuous consumption.
 
Perhaps they expose some bias in me, or reflect poorly upon my educational background or demographic grouping?  Or, perhaps my conclusions are like many other people who draw those same conclusions based on similar experiences and observations?
 
No matter.  It is just a thought.
 
But then I ask why and what is it about my cultural upbringing and consumerism that allows me to reach these reasoned conclusions?
 
As I read stories after stories from the alternative and main stream media, I see a pattern, for sure.  Chinese people are buying gold, while Americans are buying pure crap from the Chinese, or perhaps guns.
 
Does our media encourage gun buying or ownership, or glorify it by having cultural icons get awards for gun ownership?  Not necessarily, but violence SURE IS CELEBRATED.  Look at the yearly movie awards, and music awards.  Violence is a hit [pun intended]!  We do see that gun ownership and possession are certainly frowned on by the left, but the right pushes an endless agenda of Second Amendment dogma, so I am pretty comfortable in my belief that it is a wash.
 
But in America, is gold buying viewed as noble, or something to strive for?  Heck no!
 
Why then is gold buying by the Chinese people so highly encouraged?
 
Why is gold buying by the American people so highly discouraged?
 
What can be said about the seeming disconnect between celebration of violence, but stigma from actually possessing a firearm, or worse still, using one?
 
Which country is on the upswing, versus which is on the downswing?
 
Would a country on the upswing encourage savings and investment in the universal store of value?  
 
Is it not obvious what is going on?
 
Prepare accordingly.
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47 Comments

Dobocop's picture

In Canada

In no particular order us young white guys purchase gold, silver, guns, and warm clothes. On the way home we throw in a 12 pack of lucky.

sengfarmer's picture

Deuce

top ten have all been had :)

PuraVida's picture

Turd

Best spot if you ask me.

I'd buy:

Bullion.

Water Filters.

Toilet Paper.

Food, Lead, and Lead delivery systems are pretty important too.

Manslavedave's picture

PuraVida

Great terrorist training preparation list! I would also add cash(enough to cover 3 mths worth of bills).

Clarki Stomias's picture

Americans Can't Delay Gratification

Or look long term.  We have become a nation of grown adolescents.  It's as simple as that. 

silverwhere's picture

Scottsdale Mint Announces Partnership with SGPMX

fyi - if not posted before (or a reminder if posted before)

Introducing Singapore Precious Metals Exchange 

"A One-of-a-kind Storage Opportunity for Scottsdale Mint Clients"

Scottsdale Mint recently announced a strategic partnership with Singapore Precious Metals Exchange (SGPMX). The relationship will allow for U.S. and Canadian based investors to participate in the world’s first premier physical precious metals exchange.

http://us6.campaign-archive2.com/?u=4f5436fb2558c4ad713e2d7a0&id=1f1a7cf472&e=1fbf83e057

.

NW VIEW's picture

It May Be Shortages

The Chinese 25 yr. old male moves to the city because of the shortage of young women to seek as a wife due to the government policies which eliminated the females at birth.  The American white 25 yr. old male moves to the city because of the shortage of rural employment.  The black 25 yr. old male is already in the city and wanting to move anywhere outside because of the shortage of a peaceful and secure habitation.

boomer sooner's picture

White or black, the thing I

White or black, the thing I see the most in a young mans home in the city is the biggest TV he can afford.  Next to that is an Xbox, PS4, iPhone 4,5,6,7.  Probably all purchased on PLASTIC and made by the young Chinese man.  The country boys already have the guns, so they are buying those f-ugly Rockstar Black wheels for their 4x4's (shiney is my thing).  Wished they'd save some cash, rattle can of matte black and factory wheels look the same.

I have no clue what a Chinese man in China would be able to purchase.  A friend of my oldest son (16), is Chinese, his family came to US about 20 years ago.  Every time he is over he has the latest tech stuff.  He had the first Macbook I had laid eyes on.  Btw, his dad is a college professor and probably adds to the tech side and affluence. 

Thanks CL, I'll have to open my eyes more in the near future.  I go in 10-20 homes a week, all varieties.  Always when asked how I would like to get paid I say "cash, check, gold, silver" and almost always get a chuckle.  Only had ONE pay with the hard stuff and mostly it was Ike dollars, lol.

Bongo Jim's picture

My answers

1. Chinese dude in China: He has no extra Yuan to spend on anything because any extra money goes to the family.

2 White dude in USA: booze

3. Unable to answer because that would be considered racist, and I just can't bare the thought of being called a racist.

AlienEyes's picture

Answers

1) gold

2) weed

3) Air Jordan's

mac's picture

Is There Truth?

The right to one's opinion is claimed as "freedom" in america. So everyone has an opinion, right? Does not mean it is the truth either, just an opinion.

We are told that freedom is here with each being allowed to have an opinion.

So MSM and the "bought press" give us tons of stuff to argue about. Did Clinton do Monica, gay marriage, gender feminism, etc. They like us hot in word fights. That keeps us distracted. Red vs Blue, that really is a pile of goo goo, a trap people latch onto and with their "opinion". Elections are fixed, that is not a statement, that is a fact, so having opinions just freezes ACTION. Here opinion makes you a thoughtful zombie. Your opinions only hold you in place while the Banksters-Gov't  rearrange things.

The post modern 30-40 somethings are Generation Zero. They have been 'educated' to not believe in "truth", and they were told truth is only someone's spin-spiel trying to impose their selfish will on others. Truth becomes relative to each person, so to speak. "My truth" vs your truth....

But there is TRUTH. And it will out, always does, but when? I think soon.

Dan Norcini may be caught in "opinion". The truth is manipulation.

Do you realize that "political correctness' actually trumps truth in america?

And the Gen Zeroes are now stock brokers. Yikes.

Hammer's picture

Pretty important speech by

Pretty important speech by Draghi and Carney today. Surprised none has mentioned it.

edit. Carney was thought to be addressing some forward guidance issues but did not so a dud there. 

Draghi next.

ag1969's picture

What is the white guy...

...buying at a shopping mall to get laid with?  A blow up doll?

Chinese guy buys something made in China

White guy buys something made in China

Black Guy buys something made in China

Unless of course, 25 year old guy is a banker, then, white, black, or chinese, I am going with hookers and blow!

gearhead_24's picture

This is interesting....

Corning® Gorilla® Glass at the International Consumer Electronics Show (CES). It is the first EPA-registered antimicrobial cover glass. The glass is formulated with an antibacterial agent, ionic silver, which is incorporated into the glass surface for sustained activity.

http://www.corninggorillaglass.com/news-events/Corning-Unveils-Worlds-First-Antimicrobial-Cover-Glass-1

GH

ag1969's picture

Gearhead, I bought my wife...

for Christmas a whole bunch of these:

http://www.amazon.com/Kinetic-Nanosilver-Container-39104-14-Piece/dp/B002PDOC68/ref=pd_sim_k_2

She absolutely loves them. 

¤'s picture

Financial Stability Board Defines TBTF

Happy New Year's CAL :-)

This article sounds like perpetual Fed/govt. backed corporate welfare being planned. I can't help but wonder with this idea floated out there by the FSB that they're getting ready for some turbulence and laying the parameter groundwork.

corporate-welfareCEO.jpg (500×345)

Funds With $100 Billion May Be Too Big to Fail, FSB Says

Investment funds that manage more than $100 billion in assets may be labeled too big to fail, global regulators said, as they seek to expand financial safeguards beyond banks and insurers.

Hedge funds with trading activities exceeding a set value of $400 billion to $600 billion would also be assessed by national authorities to gauge whether they need extra rules because their collapse could spark a crisis, the Financial Stability Board said in a statement yesterday.

The report addresses “the risks to global financial stability and economic stability posed by the disorderly failure of financial institutions other than banks and insurers,” Mark Carney, Bank of England governor and FSB chairman, said in the statement. “They are integral to solving the problem of financial institutions that are too big to fail.”

The FSB, which brings together regulators and central bankers from the Group of 20 nations, is ranking banks and insurers by their potential to cause a global meltdown and demanding bigger financial cushions to avert a repeat of the 2008 credit freeze. Industrial & Commercial Bank of China Ltd., the world’s most profitable lender, was added to the FSB’s list of too-big-to-fail banks in November. Insurers such as American International Group Inc. and Allianz SE were deemed systemically important in July.

Systemic Risk

“Unlike banks and insurance companies, asset managers do not invest on a principal basis and do not take on balance-sheet risk,” said Dan Waters, managing director of ICI Global, a worldwide lobby group for the fund-management industry.

“Regulated funds and their managers have not been and are highly unlikely to be a source of systemic risk,” Waters said.

Finance companies that provide business funding, personal loans, store credit and car loans may also be considered crucial for stability because of the “potential difficulty of substituting certain types of finance to the real economy that they provide,” the FSB said in the report, which was produced with the International Organization of Securities Commissions, a Madrid-based group of supervisors from more than 100 countries.

As much as 80 percent of all assets outside of the banking and insurance industries are in the hands of such finance companies, broker-dealers and investment funds, according to the FSB.

While yesterday’s report proposes how to classify companies as systemically important, the FSB said possible measures to defuse the risks they pose to the financial system “will be taken at a later stage.”

The board, based in Basel, Switzerland, said it will seek opinions on its proposals until April 7.

http://www.bloomberg.com/news/2014-01-08/funds-with-100-billion-may-be-too-big-to-fail-fsb-says.html

ag1969's picture

Reads like a Mystery Novel

So I was checking out Turd's Link to Glenn Beck story on Koos this morning:

http://www.theblaze.com/stories/2014/01/08/cataclysmic-what-you-probably-didnt-know-about-germany-getting-its-gold-back-from-the-federal-reserve/

And in the comments section I find this link:

Clintons and Federal Reserve bankers linked to fake gold in Fort Knox.

In October of 2009 China received a shipment of gold bars from the United States Department of the Treasury Bullion Depository in Fort Knox. The gold is regularly exchanged between countries to pay debts and to settle the balance of trade. Most gold is exchanged and stored in vaults under the supervision of a special organization based in London, the London Bullion Market Association (or LBMA). When the shipment was received, the Chinese government ordered special tests be performed to guarantee the purity and weight of the gold bars as China is the largest foreign holder of US Treasury securities. Chinese officials were shocked to learn that the bars were fake. The gold shipment contained a tungsten core with a thin coating of real gold. These tested gold bars originated in the US and had been stored in Fort Knox for years.

The Chinese government quickly launched an investigation and issued a statement that implicated the US government in the scheme. The gold shipment serial numbers revealed that these fake bars were made by the Federal Reserve bankers during the Clinton administration. It was during the Bill and Hillary Clinton presidency that the bankers of the Federal Reserve manufactured between 1.3 and 1.5 million 400 oz tungsten blanks. 640,000 of these tungsten blanks were gold plated and were shipped to Ft. Knox where they remain there to this day.

According to Chinese investigators, the balance of this 1.3 million to 1.5 million 400 oz tungsten cache was also gold plated and then “sold” into the international gold market. Not only has the United States gold stocks been swapped with fake gold the global market has also been been defrauded by the Federal Reserve bankers and the Clintons. As much as $600 billion dollars worth of gold has been affected by the Clinton Gold Heist.

http://www.zenzoneforum.com/threads/19050-Clinton-Linked-to-Fake-Ft-Knox-Gold

And then linked from that site, I found this which appeared on ZH in 2010:

http://www.scribd.com/doc/29364741/Tungsten-Genesis

The Genesis of the Gold-Tungsten: The Rest of the Story; Submitted by Ron Kirby, who first disclosed the LBMA/Physical Bullion disparity story in 2008 and 2009.

And then a quick Google Search Yielded this:

Germany Latest Victim of Phony Gold Bar Scam

The video proof was shown on the German television station ProSieben that ran the news story covering W.C. Heraeus in Hanau, Germany, the world’s largest privately owned refinery.

In the story, Wilfried Horner, head of the gold foundry, shows a 500-gram bar (16.0755 troy ounces) received from an unidentified bank. The bar had the right physical dimensions to be an authentic gold bar, but one of the Heraeus employees suspected something.

After the bar was cut in half, the TV audience could plainly see that the dark insides were tungsten, with only a coating of gold on the outside.

http://www.silverbearcafe.com/private/03.10/phonygold.html

And This:

Fake Gold in Manhattan

Gold-Coated Tungsten Bars Still Showing Up

But this isn't the first time this has happened...

In March, gold bars filled with tungsten showed up in England, Australia, and Hong Kong.

It has even been rumored that some of the 200 metric ton gold sold to India from the IMF contained tungsten.

Of course, no one is talking.

The source of these fake gold bars is a criminal Chinese gang that produced them during the Clinton years.

The story goes that between 5,600 and 5,700 400oz bars — 60 metric tons — were counterfeited by a sophisticated criminal organization...

The Chinese arrested many of the perpetrators shortly after the scam was uncovered, but not before a sizable amount of the gold bars were sold...

It's thought that more than 1.5 million 400oz tungsten blanks were manufactured in the United States. Of those manufactured, some 640,000 bars received gold plating and were shipped Ft. Knox, where they remain to this day. This was the impetus for Ron Paul's call to edit Fort Knox.

The remaining bars were gold plated and sold on the international market, where they show up from time to time in cities around the world.

This begs the question about the gold resting five stories below the Federal Reserve Bank of New York...

Could the planet's largest gold vault — containing 25% of the world's gold — be counterfeit?

http://www.wealthdaily.com/articles/fake-gold-in-manhattan/3680

 
 
¤'s picture

When doing the "right thing" (aka legal) seems impossible

heres-everything-you-need-to-know-about-the-growing-investigation-into-rigging-the-global-currency-market.jpg (1180×885)

Currency Chiefs Tell New York Fed Probes May Change Practices

Foreign exchange dealers from the world’s biggest banks told the Federal Reserve Bank of New York the global probe into manipulation of currency rates could prompt an overhaul of the way they handle customer orders, minutes released by the central bank show.

Currency chiefs from banks including JPMorgan Chase & Co. (JPM),Barclays Plc (BARC) and Citigroup Inc. (C) met with six officials from the New York Fed at a Nov. 13 meeting of the Foreign Exchange Committee -- an industry group sponsored by the New York Fed -- according to minutes released by the group.

“Private sector members suggested that any investigations and/or supervisory activity related to this subject could eventually result in recommended changes to best practice guidance,” according to the minutes from the meeting, which was hosted by JPMorgan.

Regulators from Switzerland to Washington are examining evidence reported by Bloomberg News in June that currency dealers had been front-running client orders and attempting to rig foreign-exchange rates by colluding with counterparts and pushing through trades before and during the 60-second windows when key benchmarks such as the WM/Reuters rates are set, known as the fix. They would share details with brokers and counterparts at banks through instant messages to align their strategies, two of the people said at the time.

Voluntary Codes

ACI, a Paris-based industry group for foreign-exchange and money market traders, is considering amending its code of conduct to include specific guidelines for trading around fixes.

“This is at the top of the agenda for 2014,” said David Woolcock, chairman of the committee for professionalism at the group, which has 13,000 members in more than 60 countries.

Aurelie Leonard and Jennifer Zuccarelli, spokeswomen for Barclays and JPMorgan, and Jeffrey French, a spokesman at Citigroup, declined to comment.

Unlike sales of stocks and bonds, which are regulated by government agencies, spot foreign exchange -- the buying and selling for immediate delivery as opposed to some future date -- isn’t considered an investment product and isn’t subject to specific rules. Instead, banks sign up to voluntary codes of conduct, which outline best practices and standards of professionalism. ('Haze: Voluntary? Lol!)

Investigations into alleged manipulation have already had repercussions across the industry. Royal Bank of Scotland Group Plc’s foreign-exchange sales team contacted clients, pledging its traders won’t share details of their orders or use them to make proprietary bets, according to an Oct. 23 e-mail read to Bloomberg News.

‘Supervisory Aspects’

The officials from the New York Fed didn’t discuss banks or individuals and wouldn’t disclose details of investigations or “the supervisory aspects of the behavior alleged,” according to the minutes.

Money managers have also started changing how they book trades with their banks to minimize traders’ ability to move the market against them. Investors are breaking their orders into smaller units and using more banks to reduce the opportunity for front-running, one of Europe’s largest money managers said.

Despite the investigations, client demand for trading at the fix remains steady, according to the committee minutes.

http://www.bloomberg.com/news/2014-01-09/currency-chiefs-tell-new-york-fed-probes-may-change-practices.html

Unholy Dalliance's picture

Comex Silver Trading

There has been terrific goings-on today between 13.33 and 13.41 UTC/GMT precisely with c. 200,000 silver contracts trade in 9 minutes WITHOUT MOVING THE PRICE which would indicate buying rather than selling (the opposite of a flash crash).

Mudsharkbytes's picture

My son…

… who happens to be 25 and white, would either buy another gun, ammo, or clothes. He would've bought silver or gold, but his last purchase was a big one the last week of April, 2011, and his ass is still stinging. He's pretty down on PMs now, sorry to say. 

achmachat's picture

Unholy Dalliance

dgstage's picture

More Fuku

http://enenews.com/new-journal-article-fukushima-may-have-already-released-90-quadrillion-becquerels-of-cesium-137-much-more-than-chernobyls-70-quadrillion-becquerels

Big Buffalo's picture

@ag1969

ag1969 wrote:

Chinese guy buys something made in China

White guy buys something made in China

Black Guy buys something made in China

Unless of course, 25 year old guy is a banker, then, white, black, or chinese, I am going with hookers and blow!

- - - - -

So true!

WineGuy's picture

@ Mudsharkbytes ...

To teach my two sons to save I convinced both of them to start purchasing Silver back in 2008. The caveat I used was I guaranteed the fiat spot price they paid. If at anytime they wanted to sell and the spot price was lowered then what they purchased it for I guaranteed the higher price. So in their eyes they can't lose. Both boys have amassed a nice little stack and to date they have not sold one oz. Cheers   

tyberious's picture

@ Bongo Jim

"Unable to answer because that would be considered racist, and I just can't bare the thought of being called a racist."

It's all stereotypical.

lakedweller2's picture

Answers

1)  Ticket to move to Africa

2)  Ticket to move to Belize

3)  Obamacare (by law)

ag1969's picture

John Williams-Massive Dollar Selloff in 2014-Game Over

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