Doom and Gloom Video

There's a title that ought to get the attention of the bots. In the end, the doom is what it is but the gloom can be profitable in this latest video from Dan Ameduri.

As I've mentioned before, I met Dan at FreedomFest in 2012 and I'm looking forward to seeing him at the Liberty Mastermind deal in Vegie this weekend. From time to time, he sends over his videos for me to review and consider posting. If it looks timely and helpful, I pass them along to you.

This latest video again involves Marin Katusa of Casey Research. Marin and Dan discuss the deteriorating prospects for the U.S. and the dollar (doom) and the hyperinflation that seems inevitable (gloom). However, the metals and miners should rally handsomely as this all unravels and Marin has a few suggestions for you to consider.

About twenty minutes of time well spent.

TF

 

76 Comments

treefrog's picture

furst!

doom & gloom?  bullshit!  twenny two dollah silver's close enough to smell it!

SilverRunNW's picture

Dollar Tsunami heading to USA shores?

GEAB-82

This was linked on Jim Sinclair's JSMINESET site.  Here's a good quote about dollars coming back to USA.

"This is where the boomerang effect begins. First, Western investments in emerging economies are worth less since the currency is devalued; therefore, a portion of investors’ assets have well and truly disappeared, causing severe stress in financial markets. But, more importantly, to halt the decline of their currency, emerging countries’ central banks are selling their dollar reserves to buy back their own currency on the markets (7), resulting in a surplus of dollars and an increase in demand for the local currency, causing it to rise automatically (8). For example, in such a period Turkey, India, Brazil and Indonesia among others, have each offloaded in the order of tens of billions of Dollars per month (9)."

Couple that with China starting to dump their US Treasuries, and we've got major inflation heading our way, and probably a "tapering of the taper".

arch stanton's picture

two

it can,t come soon enough

edit third

Mr. Fix's picture

I just love that doomy - gloomy stuff!

Thank you for thinking of us!

4th!wink

SilverSurfers's picture

5th!!!

Give me 5!! TOP TENNER!! Yeah, doom and gloom? Bring it on.

sierra skier's picture

Doom and gloom is going on

Doom and gloom is going on constantly,,,, at least somewhere.

6th

dragonfly5's picture

Odd that on the one hand I'm

Odd that on the one hand I'm wishing for the crap to hit the fan - just because it seems that it is long overdue and on the other hand I hope it doesn't so that we can all prepare more for the terrible consequences that we suspect will result. Happy about my stacking over the last two years - but honestly I'd rather pass it on to my kids than to need it for whatever may come.

PS Top Ten again - just because  . . .

buzlightening's picture

Anyone else smelling bacon burning=silver short squeeze?

OEX week was a rip snorter back in the rage of silver in 2011.  That's regular OEX week like this week not the metals but they could prove another killer for naked shorts this month.  Forced to by the underlying stock of all miners, metals, and related which have been naked shorted for years.  March a massive delivery month for silver .  Some I follow have been calling for those shorts to have a spiritual experience.  LOL.  We'll see as tomorrow we get the fed fud minutes in the afternoon and taper talk and tapering has always been goon code for flush the metals.  You'll notice though with bentrods last tapering fomc not as much.  All those bankster bodies hitting the pavement, perhaps adding up to some vaporizing heat upon the thugs sphincters.  Be nice for a change.  Short squeeze that is!  Don't particularly care for road pizza from any walk of life.  Trial by jury of physical silver stackers and a new rope. 

buzlightening's picture

Sounds like buz speaks from a sad experience.

Naked shorted EGGS back in the dot.bomb era.  What do you do when your naked shorts get caught in a OEX short squeeze? Where you're naked air gets called out; you get the margin call.  As I remember I shorted around 12 and had to buy back in at 25 or so.  Money talks I can't deny.  Heard in once it said good-bye.   I could buy 3 more monster boxes today with what I flushed that day.  Wish I would of bought 3 monster boxes of silver eagles back in '99 or 2000 at those low, low prices.  Pretty much like what others will be saying some years from now, when there's no silver to be had in the street for any paper money price.  Can't remember exactly what year it was but the scars from the long pole up the tail pipe on that one took awhile to patch all the leaks into the drawers. 

bullion only's picture

And another banker.....

And another banker bites the dust or shall I say pavement?

And a Frigatte runs aground mooring in Turkey in the Black Sea across from Sochi?

And Russia swaping building nuclear reactors for Iran for oil?

Can't let the petro dollar die and Iran get a reactor all in one swell swoop.

Something is happening.

RT

SilverRunNW's picture

December Treasury Foreign Debt Holders

http://www.zerohedge.com/news/2014-02-18/china-sells-second-largest-amount-us-treasurys-december-and-guess-who-comes-rescue

I'm sure most of you have read a few articles today about China dumping a boat load of treasuries in December.  Out of curiosity, I took a closer look at the numbers (Debt Holders) to see who the top 7 sellers and top 7 buyers were, and threw it into a chart.  Enjoy!

Markedtofuture's picture

Are Bankers Committing Suicide For a Connected Reason?

The American Banker Report in the article is from December 2011, so the public poll numbers are going to be lower.

Are Bankers Committing Suicide For a Connected Reason?

ECM Banking Proprietary Trading

The string of suicides among the leading bank employees is indicative of the change in trend. The major Wall Street banks including Bank of America, Goldman Sachs, JP Morgan, Credit Suisse, subsequently told junior bankers to take more time off since the death at Bank of America last August of a 21-year-old Bank of America intern who died after reportedly working consecutive all-nighters at the bank’s London office.

Also last August, the finance chief at Zurich Insurance Group AG committed suicide and left a note blaming the company’s chairman for creating an unbearable work environment.

Jumper

The economy is turning against the banks and this string of deaths is warning about this change in trend that is serious and major. “Jumpers”, as they were known during the 1930s (having nothing to do with the English term meaning a sweater) was also common when the cycle turned south against the banks and they increased pressure on staff to try to stem the tide against collapsing business.

The highs are in place for the bankers and their days are truly numbered. Young kids getting into the field previously bragged about their job to impress girls in New York. The word is now they do not boast so much because bankers have popularity polls that are not that much above Congress. The American Banker reports that the public polls show 52% were “very angry” at Congress, while only 49% were angry at the “large banks that were bailed out.”

http://armstrongeconomics.com/2014/02/18/are-bankers-committing-suicide-for-a-connected-reason/

.

dgstage's picture

Doom and Gloom

I watched that early this am. Here is some more doom and gloom.

http://www.blogtalkradio.com/cfp-radio/2014/02/18/steve-quaye-and-v-the-guerrilla-economist

benque's picture

Bouncing banksters

I suppose they all thought that rapine, looting and pillaging was all girls and blow.  Little did they suspect that they were actually expected to put in a days "work" occasionally.  Poor babies, my heart bleeds for them.

benque's picture

Every single ounce of PM purchased...

...nudges another bankster just a little bit closer to the edge.

Stack on!

I really, really don't like those bankster types.  Does it show?

AlienEyes's picture

Be Advised....

Inflation WILL come, sooner or later and the longer it takes, the worse it will be.

Transportable wealth (gold, silver, other PM's, large investment quality jewels, fine art, etc.) will all rapidly increase in value. Scarcity, demand and availability will determine how big the increases will be.

Inflated fiat will prove to be a double edge sword when literally tons of cash will be used to pay off debts. Debts to banks, mortgages, IRS, car loans, student loans, medical bills, etc. Other than for paying large debts, fiat will be useless. When the federal government and the banksters realize that all of the counterfeit money they printed and made by market manipulation is coming back at them, they will bust ass to change the rules in their favor.

That could trigger a major SHTF event if the public says "NO FARKING WAY". "You dirty bastards handed this crap to us, now we're handing it back to you." The government and banks are already instituting rules to track their funny money in the hands of citizens. The terrorism and drug money excuses are total bull shit. It is still legal to hoard cash and at what is effectively a zero interest environment, why not? It is still legal to answer the feds if they question where you cash came from with, "Out of my safe deposit box" or "From under my bed. What's it to you?" At least for the time being, it is also still legal to call a fed a damn liar if you suspect he is. Besides, they are already well aware that they are liars.

dragonfly5's picture

Not so gloomy

What a tempting podcast - not gloomy at all - just buy a select number  of Jr. miners and reap the rewards . . .

Can it be that easy????

Also, just wondering - was the regularly scheduled Tuesday smackdown in prices delayed because of the holiday? I guess we'll find out tomorrow. It's nice to see silver and gold holding their gains - I can get used to that.

Mr. Fix's picture

Some people will find more "gloom" than others going forward:

THE COMING SILVER STORM: THE PUBLIC IS NOT PREPARED!

gold stormThe financial sky is growing dark.  The stock markets are experiencing volatile trade winds.  The barometer of the economy grows weak as indicators point to another recession looming on the horizon.
The Fiat Monetary System and Derivative’s Monster is heading towards certain death…. it’s just a matter of time.

The Precious Metal Storm is coming… unfortunately, the public is not prepared. [Read more...]

Bugzy's picture

silly thought

Will inflation create massive deflation?

Depends what happens with the liquidity; if it is used to pay down debt as above, then does it not collapse the currency in circulation? Which destroys asset prices (the principle) and leaving only the interest on the debt?

Or does it go into hard assets to preserve wealth?

Seems to me that without exponential growth in a fixed system then it must implode. Maybe large bang followed by a black hole.

Edit: maybe there is no SPARE liquidity. It ALL goes on food and such? 

flyinkel's picture

Doom and Gloom --Stage version

Long.  Connects mulitple links.  One of better vids.  Cheering the suicides is wrong minded.  The suicides sever the link between the global elite pulling the strings and the top operators; burying the proof forever as the $ and gold disappear.  Wake up!

We desperately need Reachback

Hammer's picture

Good to see some are having a

Good to see some are having a good time

 

One-Percent Jokes and Plutocrats in Drag: What I Saw When I Crashed a Wall Street Secret Society

http://nymag.com/daily/intelligencer/2014/02/i-crashed-a-wall-street-secret-society.html

DayStar's picture

Harvey's Up! (TFMR)

  • Gerald Celente: People are being killed in order to protect secrets and to protect the dollar. They are doing everything they can to keep the dollar as the reserve currency. We have more investigations into the rigging of LIBOR and global currency markets. [These men are being suicided] to keep the dollar strong as the economy gets weak. And maybe those involved in it on the banking side know too much, and they can’t afford for them to give up these secrets, so they are losing their lives. The facts speak for themselves: All of the sudden you are seeing a rash of bankers committing ‘suicide,’ as they call it. By some estimates we are talking about over 20 deaths now, rather than the 7 being reported. And with each new day there is a new death.
  • Harvey: Generally after a holiday, the bankers like to attack gold/silver. They tried today but no avail as the demand for both metals was too great for our bankers. Today was a huge defeat for our banker friends. GOFO is in backwardation for the first three months, and the rates are becoming increasingly negative.
  • Stephen Leeb: Having the reserve currency allows the US to deal with all sorts of problems. It also allows the US to deal with its problems without having virtually any discipline as to what we do. We can just print our way out of things. But it’s become clear in recent years that this is something we can no longer take for granted. It’s one thing to manipulate gold or a general stock market, but these are not the trillions-of-dollars-a-day markets that foreign currencies are. So I want to be clear about this: There is nothing the US will stop at to ensure that the dollar is the world’s safe haven and reserve currency.  It’s no secret that there are assassinations that take place across the globe, but we will never have the evidence that governments are killing these people in the banking sector in order to protect these secrets. But, again, all of this is further evidence that something is really wrong in the financial system and there are a lot of secrets being concealed. I also don’t think we have seen the last of this
  • Mark O'Byrne: Gold held not far off 3 and a 1/2 month highs due to a weaker U.S. dollar and concerns over U.S. and global economic growth. Bullion is up 10% this year as investors and store of value buyers see the 28% fall in 2013 as a buying opportunity. The volatility and weakness in equities globally due to emerging market turmoil and economic concerns is leading to safe haven demand. Silver also fell but wasn't too far from a 3-1/2 month high of $21.96 hit on Monday. Spot silver prices rose for a 12th day yesterday, the longest rally since at least 1968, data compiled by Bloomberg show. The World Gold Council’s global supply and demand figures have been released. They confirm what was already known - huge physical demand for coins and bars globally was counter acted by significant liquidations by Comex speculators and weak hand ETF investors.
  • Richard Russell: I think gold is overbought now, with many Johnny-come-latelies belatedly advising positions in gold. Today there was a full-page ad in the New York Times advertising “bargain gold.” This too suggested that gold, after its excellent rally, is now overdue for a rest. In the big picture, I continue to believe that we’re in a world depression. This will be followed by frantic activity by the Fed, as it prints new trillions of dollars. Which I’m certain, by the way, is why gold has been rising. I think we’re at the inflection point where the primary bear trend is overcoming the frantic action of the Fed. For years the Fed has been trying to establish its objective of 2% inflation. But the global deflationary pressures have thwarted the Fed. The dollar is key here. If or when the dollar index closes under 80, I think we will see fireworks in gold. Despite government Fed lies and propaganda, I will repeat my take on the present situation. The world is in a continuing depression, and only the vanishing US middle class is aware of it.
  • Chris Powell: John Embry Friday on Business News Network in Canada expressed suspicion that impairment of the German Bundesbank's gold at the Federal Reserve Bank of New York is behind the slow pace of the Bundesbank's gold repatriation. CPM Group's Jeffrey Christian expresses confidence that nothing is amiss with Germany's gold and that questions have been raised about it only by people who are trying to scare investors into buying gold. Certainly, as always, people in the gold sector are "talking their book" here. Embry and the Sprott people are advocates of and investors in the monetary metals, while Christian has described his company as having most central banks as clients, and of course most central banks, even central banks in gold-producing countries, are enemies of gold, gold being an independent and neutral form of money that competes with central bank money and restricts central bank power. Really, it's a little too silly for Christian to get more indignant about insults to the Bundesbank's integrity than the Bundesbank itself can bring itself to get. Like most major Western central banks, having long participated in gold price suppression, the Bundesbank simply can't be candid and forthcoming about its gold activities. All the Bundesbank can do is issue the occasional misleading press release and then refuse to answer the critical questions that would give the game away.
  • Bill Holter on silver: I got to thinking, what about silver? I figured in the back of my mind that because silver has underperformed gold and has generally seemed to only "bottom bounce" more that its progress was behind that of gold. Silver is exactly where it should be given that historically the shares lead, followed by silver and then gold. Silver's MACD's are not "touching" yet but they are VERY close, much closer than gold's to crossing over. I do want to point out that we have "round tripped" back to the $18-$20 levels that was seen in previous years as resistance. We basically hit this resistance level 3 times prior to the 2011 run up. Once broken out however, silver ran to $30 in 6 or 7 months. Also please keep in mind that we did not have nearly as much "stored up energy" as a springboard in 2008 that we do currently. The big drop at the end of 2008 had been largely corrected and the move up back then was NOT from an oversold extreme...like we have today! I have seen in the last week or so that many "bears" are talking the move down and telling us it's a "bull trap" and "new lows" are just around the corner. I just don't see it from any angle. I don't see it in the charts, I don't see it fundamentally as miners cannot collectively make a profit from the current prices, I don't see any froth at all (in fact the negativity is as deep as I've ever seen it), I don't see it with the outsized global demand nor with refiners working 24/7 to meet the demand. I just cannot see it. What I do see is that the HUI, followed by silver and then gold are lined up exactly as one would expect if a major generational turn was in progress. 
  • Zero Hedge: Chinese Treasury holdings plunged by the most in two years in December, after China offloaded some $48 billion in paper, bringing its total to only $1268.9 billion, down from $1316.7 billion, and back to a level last seen in March 2013! This was the second largest dump by China in history with the sole exception of December 2011. What was truly surprising is that despite the plunge in Chinese holdings, and Japanese holdings which also dropped by $4 billion in December, is that total foreign holdings of US Treasurys increased in December, from $5716.9 billion to 5794.9 billion due to massive purchases by Belgium. That's right: at a time when America's two largest foreign creditors, China and Japan, went on a buyers strike, the entity that came to the US rescue was Belgium, which as most know is simply another name for... Europe: the continent that has just a modest amount of its own excess debt to worry about. One wonders what favors were (and are) being exchanged behind the scenes in order to preserve the semblance that "all is well"? 
  • Zero Hedge on Chinese iron ore non-consumption: Stockpiles of steel products also rose in the 4th quarter as construction activity remained weak after the Lunar New Year holidays, Gao said. Traders’stockpiles of rebar, a building material, jumped by 65 percent this year to 8.55 million tons last week, according to Shanghai Steelhome. It may be time to short to FMGAU (Fortescue) bonds once again. Unless of course, China once again unleashes the ghost cities building spree. Which it inevitably will: after all it has become all too clear that not one nation - neither Developing nor Emerging - will dare deviate from the current status quo course of unsustainable, superglued house of cards "muddle-through" until external, and internal, instability finally forces events into a world where everyone now has their head in the proverbial sand.
  • Tyler Durden: We commented that "judging by the feverish pace of purchases of every peripheral bond available, is this merely just another indication how little the ECB cares about sterilization, and is just a hint at an upcoming full-blown and unsterilized bond monetization about to be launched by Mario Draghi?" Sure enough at the subsequent February 6 ECB meeting Mario Draghi hinted as much when he said that among the things the ECB was looking at was precisely the "de"sterilizing of the SMP program. However, one stumbling block was getting the Bundebsbank's tacit approval to proceed with this plan which would make the ECB's bond monetization mirror that of the Fed where bonds are purchased on an unsterilized basis. And, as expected, overnight the Bundesbank threw in the towel on sterilization, meaning that the SMP will no longer be sterilized with an announcement divulging just this likely as soon as the next ECB meeting. Another question is when will ECB unsterilized interventions finally impact the soaring EUR whose relentless rise is crushing European corporate revenue and profit lines. For now, the EUR does not appear too concerned.
  • Gerald Celente on civil unrest: Celente added: “There is no recovery. You are looking at unemployment rates around the globe in some of the struggling countries of up to 30% - 40%. You are also seeing riots around the world. In Bosnia they are burning down government buildings. Look at what’s going on in Italy: They talk about democracy -- there’s no democracy. They just had their 3rd new government that has been installed without elections. And what the news isn’t reporting is how disgusted the Italian people are. It’s estimated that 1,000 Italian businesses are closing each day. Just today, over 60,000 business owners in Italy marched on Rome. So we are looking at unrest around the world. Look at the riots in Venezuela, the protests going on in Brazil and Argentina. They can’t get the people off the streets in Thailand. But here is the key: I have said this before, but it’s very important to remind people -- when all else fails, they take you to war. Or maybe in the case of the bankers, when all else fails and you know too much, you’re dead.
  • Zero Hedge: It's getting form bad to worse in the Ukraine: either martial law will be announced any time soon or the proxy civil war becomes a real one. On the bright side, there is something to be said about having a nation's criminal cases all in paper format: once there is a revolution, everyone's slate gets wiped clean when the records go up in flames.
  • Michael Snyder: Did you know that the U.S. state that produces the most vegetables is going through the worst drought it has ever experienced and that the size of the total U.S. cattle herd is now the smallest that it has been since 1951? Just the other day, a CBS News article boldly declared that "food prices soar as incomes stand still", but the truth is that this is only just the beginning. If the drought that has been devastating farmers and ranchers out west continues, we are going to see prices for meat, fruits and vegetables soar into the stratosphere. Already, the federal government has declared portions of 11 states to be "disaster areas", and California farmers are going to leave half a million acres sitting idle this year because of the extremely dry conditions. 
All this and more on...

The Harvey Report! heart <---<< 

http://www.tfmetalsreport.com/comment/385393#comment-385393

DayStar

stackaloha's picture

MORE Rick Rule!

SGTreport just released a new Rick Rule interview, another great interview. Is anybody else impressed with Rick Rule's vocabulary? hehe

it really is a great interview where he mentions things i haven't heard him mention before. check it out if you get the time.

benque's picture

To continue along the lines of my earlier post...

To the tune of "Locomotion";

Bankstah-bounce

Every bankstah's doin' a brand new dance, now
(Come on Jamie, do the bankstah-bounce)
I know you'll get to like it if you give it a chance now
(Come on Jamie, do the bankstah-bounce)

Even little Bennie can do it with you now,
It's easier than learning your control-C's now
So come on, come on, and do the bankstah-bounce right now

You gotta swing your hips, now
Come on, Jamie
Jump up, jump out
Well, now, I think you've got the knack

Now that you can do it, let's make a chain, now
(Come on Jamie, do the bankstah-bounce)
A chug-a chug-a motion like a railroad train, now
(Come on Jamie, do the bankstah-bounce)

Do it nice and easy, now, don't lose control
A little bit of obfuscation and a lot of soul
So come on, come on, do the bankstah-bounce right now

Move around the roof in a bureaucratic-motion
(Come on Jamie, do the bankstah-bounce)
Do it holding hands if you get the notion
(Come on Jamie, do the bankstah-bounce)

There's never been a dance that's so easy to do
It even makes you happy when you're feeling blue
So come on, come on, do the bankstah-bounce right now

mac's picture

positve lack of firepower from cartel scum

- it's 12:34 am (ny) Ag -14 @ $21.66...Gold $1316.50 - $4

- market take down after 4pm NY Time...they r having difficulty taking PM's down during market hours, and that is positive.

.

Hammer's picture

Oooh, song time. Allow

Oooh, song time. Allow me..........

Occasnltrvlr's picture

Honeypots

This, I just don't get.  Draw me in.  Give me my deepest, filthiest dream.  Compromise me, to the depths of my soul.  Film every moment, in genuine Kodachrome.

And show it to...whom?

ANYONE...ANYONE, who is such a cheap, filthy, stupid moron, that they haven't come to terms with themselves, and cannot face that exposure, is a GOD-DAMNED FUCKING WEAK, STUPID MORON.  Felonies?  Be deeply cautious, regardless of whether you are alone or potentially in a "honey-pot."

We are governed by maroons, weaklings, and idiots.

Strongsidejedi's picture

Kodachrome

Guess momma took my Kodachrome away... or at least Apple did.

ivars's picture

Ok DJIA went down a little-

Ok DJIA went down a little- as in did in first down day after econd peak 1929. So the big drop comes soon? According to chart almost all days now are down, with big drop coming in 10 days- 2 weeks ( prior to March 5). 

ivars's picture

Yesterday we got another set

Yesterday we got another set in eruptions- escalation of violence in Ukraine, Thailand and Venezuela same day. 
 
As for Ukraine, its doomed to split in two parts in best version but sides are improving their bargaining positions by utilizing deaths on both sides to ramp up emotional appeal of their case. 
 
1) EU wants Ukraine to find a new safe place to put its loans into and reap interest and resources, as current EU zone is stuffed full with debt, almost to limit ( the few countries like Sweden , Finland, new member states  will increase their public debt to 100% soon as private sector is overloaded already) . 
 
2) Moscow needs geopolitical place, access to black sea, claim on ancient Rus homeland ( not true) and of course a solid big customer on needle for their resource selling based economy, to whom they will advance credits and earn interest. 
 
So there will be escalation until that happens. I still hope civil war will not happen as most likely both Russia and West will place some "peace keeping troops) to protect citizens that will be "asking for interference" in respective zones of influence. 
 
Most difficult areas to split is Kiev itself and Crimea. May be we see German solution after WWII with Kiev as split capital in others zone of influence or occupation. 
 
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