Travel Day

386
Thu, Jan 3, 2013 - 12:06pm

Between packing and heading to the airport, I thought I'd squeeze in this post.

Not much happening today ahead of the FOMC minutes and the BLSBS tomorrow. The metals are consolidating their recent rebound gains and poised to add another leg higher if we can get the headlines we're looking for.

The FOMC minutes will be interesting in that they will be from the meeting back in December when QE∞ was formalized. They'll be released later today so be sure to check ZH or some other news source for the stories.

For now, the metals are hanging around some moving average levels that need to be watched, particularly in silver. I've got the 200-day MA at 30.85 and, so far, that level has acted as support. Let's hope that it holds above there and begins to move higher after all of the news. The 20-day, 50-day and 100-day are all in the 31.50-32.50 area and that is where the next level of resistance will be found if the rally can extend higher.

Lastly, everyone needs to watch the 10-year and the Long Bond over the next few days. Both are sitting at critical support levels which, if broken, will lead to lower prices (higher rates). As you know, QE is all about providing buying support for the treasury market and, if the bond market begins to break down, it would be a sign that the current $85B/month isn't sufficient for this purpose. I have no doubt that the $85B/month level will need to be increased in 2013 given the current run rate of a $1.7T+ federal deficit. A falling bond market might make this happen sooner rather than later.

Have a great day. Tomorrow it's back to business as usual and there will be a full, new post sometime after the BLSBS at 8:30 EST.

TF

About the Author

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turd [at] tfmetalsreport [dot] com ()

  386 Comments

foggyroad tyberious
Jan 3, 2013 - 5:17pm

re. My Dear Extended @Tyberious

Thank you for the post.

Having just finished slogging through the Ph.D. Econ gobbly gook, beside questioning the efficacy and validity of the whole modeling concept and the veracity of which I contend is dubious at best, but hey wtfdik.

People are paid a lot of money to create this, IMHO, psuedo-science called Economics.

The quantifying of an amount able to internalize the SIFIs potential destructive failure costs and to limit contagion between other SIFIs, is a worthy endeavor.

Even if they escrow, the full 350 billion, would it be enough?

Only the Egg Heads know for sure...

--------------------------------------------------------------------------------------------------------------------------------------------------

The following is courtesy of CIGA DC browsing on our behalf. This should be a huge concern to any analyst with their eyes open.

Respectfully,
Jim

Definitions:

TITF - Too Important to Fail Risk

SIFI - Systemically Important Financial Institution Risk

Topology (from the Greek τόπος, "place", and λόγος, "study") - A major area of mathematics concerned with the most basic properties of space, such as connectedness. (wikipedia)

VI. CONCLUSION

A major hallmark of SIFIs is their activity in financial derivatives markets. The analysis of this paper has one clear message. The global derivatives markets in the post Lehman period, despite considerable compression of bilateral positions, are unstable and they can bring about catastrophic failure. Quite simply, a threat of failure to any of the SIFIs is an immediate threat to the others. The network topology where the very high percentage of exposures is concentrated among a few highly interconnected banks implies that they will stand and fall together. This topological fragility of the derivatives markets as risk sharing institutions has an implicit moral hazard problem that undermines their social usefulness. The empirically calibrated network for derivatives liabilities manifests a highly clustered core- periphery structure and extreme form of TITF as seen in Figures 5.a- 5.f. The implied socialized losses are very large (to the tune of US$350 billion) and the liabilities arising from extant derivatives network structures cannot be supported by the existing capital base. The good news is that the highly clustered network structure permits targeted management of systemic risk. One of the main contributions of the paper is to use network analysis to design a set of surcharges that will enable the SIFIs in the derivatives markets to internalize the costs imposed on other FIs and also the tax payer by their failure.

Link to full report...

-----------------------------------------------------------------------------------------------------------------------------------------------

foggy wrote.. As seen in the following portion of the paper, 350 billion losses would be realized very quickly, if any of the Big boys go down and they can't contain the spread to 3rd and 4th iterations. To place the full 350 billion in a fund would seem to be too cost prohibitive, according to the 20 percent tax levy on the really Big Dogs. Modeling indicates 150 billion should be sufficient, costing 8-9 percent tax levy on BD SIFIs. However, $40 billion would suffice if it stops a Big Dog fails and it can be prevented from cascading past iteration one. Can this be done? This is my take on the paper for what its worth, the true value may manifest itself in the lack of a headache and the absence of a burning rubber smell emanating from the readers earholes, as further reading may be avoided. Love the terminology used ie. 'Small World' and 'Rich Club' modeling techniques. "Its a great big F^#*in club and you ain't in it!" - George Carlin

Figure 5. Furfine Contagion Stress Test on Empirical Calibrated Derivatives Network 2009:Q4 (203 FIs) 6 percent Capital Threshold

(Black nodes are failed banks; trigger bank .. edit can't seem to get chart to post.

Figure 5aTrigger Bank JP Morgan: q=1 FIs Failed 12
Total FIs failed 25; 24.48 % Tier 1 Capital Loss US$345.94bn

Figure 5c Trigger bank UBS: q=1 FIs Failed 4
Total FIs failed 26; 24.67 % Tier 1 Capital Loss US$348.66bn

Figure 5e Trigger Bank Credit Suisse: q=1 FIs failed 5 Total FI Failed 25; 24.67 % Tier 1 Capital US$348.61 bn

Source: Plotted using author’s software.

Figure 5b Trigger bank Goldman Sachs: q=1 FIs failed 7 Total FIs failed 25; 25 % Tier 1 Capital Loss US$355.75 bn

Figure 5d Trigger bank Deutsche Bank: q =1 FIs failed 5 Total FIs failed 25; 25 % Tier 1 Capital Loss US$355.75

Figure 5f Trigger Bank Standard Chartered: q=1 FI Failed 1 Total FI failed 25; 25 % Tier 1 Capital US$351.81 bn

"As can be seen in Figures 5.a–5.f, whether the trigger bank directly kills 12 in the first round of contagion in the case of JP Morgan, 7 in the case of Goldman Sachs, 4 in the case of UBS, or even only 2 in the case of Standard Charter, the contagion with no interventions can spread at great speed to the 3rd and 4th iteration

(q = 3, q = 4 in the Furfine terminology given in Section IV.A and shown as concentric circles in Figure 5) of the tiered OTC derivatives market. This will bring down a similar number (25) of FIs and the potential total domino loss of Tier 1 capital from all of these cases as shown in Figures 5a–5f is approximately US$350 billion which is 25 percent of total Tier 1 capital of US$1.413 trillion for the 202 FIs given in Table 1. "

Icarus Stock_Canines
Jan 3, 2013 - 5:17pm

The End of QE

Stock Canines writes:

"I think 2013 will be the year in which we discover how smart it was to stack stack stack."

I agree. Patience among metals investors is wearing thin (just like the EE wants). However don't let the FMC minutes fool you. They can talk all they want about tightening, and cutting off the purchase of Bonds. The idiot markets then react, gold and silver go down. It's all BS!

As Turd has stated consistently, "THEY CANNOT STOP PURCHASING US TREASURY SECURITIES!" If they don't purchase 1.7 trillion dollars of that toilet paper who is? The answer NO ONE!!!!!!

If the FED stopped buying, interest rates would skyrocket, the deficit would explode, bonds would be routed and the real GREAT DEPRESSION would begin in earnest. They can say anything. But the fact is: they cannot stop purchasing.

Don't listen to what they say, it's all crap. And the dumber than dirt market eats it up. Go figure.

Just one man's opinion,

Icarus

Bollocks
Jan 3, 2013 - 5:21pm

Silver News

Nah, not really.

But if you think silver and gold are having a hard time, check this out.

Blimey.

https://www.youtube.com/watch?v=mGMzGxeO1wQ


Mr. Fix
Jan 3, 2013 - 5:21pm

RE,my first batch of CS Submitted by 57Goldtop

Your batch sounds perfect.

I am using 12 V, started with boiling distilled water, and I added just a little bit of store-bought colloidal silver to get the reaction going.

My negative Eagle is nearly black already, the positive Eagle is still shiny.

Looking good.

my laser beam is starting to form a line, but it is not that well defined yet,

I'm guessing I am about halfway there, but I think you are done.

ag1969
Jan 3, 2013 - 5:24pm

Mr. Fix and Mint Schedule

Mr. Fix, couldn't help but razz you about how noble I think it is that you tested the colloidal on your wife and daughter before trying it yourself! LMAO

Here is the US Mint schedule for 2013. First up is the ATB 90% Silver quarters on 1/8. I buy these every year for my two kids and they are beautiful little coins. For any of you starting stacks for your kids, this is a great way to get them 5 really nice silver coins every year. I am also, as stated many times before, a big fan of the ATB 5 oz coins. I have all 5 from 2011 and all five from 2012. I just love big coins. Anyway, happy stacking!

ON-SALE DATE PRODUCT
1/08/13 2013 United States Mint America the Beautiful Quarters Silver Proof SetTM
1/15/13 2013 Birth Set
1/22/13 2013 United States Mint America the Beautiful Quarters Proof SetTM
1/24/13 2013 American Eagle One Ounce Silver Proof Coin
1/28/13 2013 America the Beautiful Quarters® Bags and Rolls - White Mountain National Forest (NH)
2/12/13 2013 America the Beautiful Quarters Three-Coin SetTM - White Mountain National Forest (NH)
2/12/13 2013 America the Beautiful Five Ounce Silver Uncirculated CoinTM - White Mountain National Forest (NH)
2/14/13 2013 United States Mint Presidential $1 Coin Proof SetTM
2/19/13 Presidential $1 Coin Rolls, Bags, and Boxes - William McKinley
2/28/13 Girls Scouts of the USA Centennial Silver Dollar
3/07/13 2013 United States Mint Presidential $1 Coin Uncirculated SetTM (P&D)
3/19/13 2013 William McKinley $1 Coin Cover
3/21/13 2013 5-Star Generals Commemorative Coin Program
3/28/13 2013 United States Mint Proof Set®
4/13/13 2013 America the Beautiful Quarters® Bags and Rolls - Perry's Victory and International Peace Memorial (OH)
4/13 Presidential $1 Coin Rolls, Bags and Boxes - Theodore Roosevelt
4/13 2013 United States Mint Uncirculated Coin Set®
4/13 2013 America the Beautiful Quarters Three-Coin SetTM - Perry's Victory and International Peace Memorial (OH)
4/13 2013 America the Beautiful Five Ounce Silver Uncirculated CoinTM - Perry's Victory and International Peace Memorial (OH)
4/13 2013 American Eagle Gold Proof Coins
4/13 Native American $1 Coin Rolls, Bags and Boxes
4/13 2013 America the Beautiful Quarters Uncirculated Coin SetTM
5/13 2013 United States Mint Silver Proof Set®
5/13 2013 Theodore Roosevelt $1 Coin Cover
5/13 2013 American Buffalo One Ounce Gold Proof Coin
5/13 2013 American Eagle One Ounce Silver Uncirculated Coin
5/13 or 6/13 American Eagle West Point Two-Coin Silver Set (final product name TBD)
6/13 2013 American Eagle One Ounce Gold Uncirculated Coin
6/13 2013 America the Beautiful Quarters® Bags and Rolls - Great Basin National Park (NV)
6/13 2013 Kennedy Half-Dollar Bags and Rolls
6/13 America the Beautiful Quarters Three-Coin SetTM - Great Basin National Park (NV)
6/13 2013 America the Beautiful Five Ounce Silver Uncirculated CoinTM - Great Basin National Park (NV)
7/13 Presidential $1 Coin Rolls, Bags, and Boxes - William Howard Taft
7/13 2013 American Eagle One Ounce Platinum Proof Coin - "To Promote the General Welfare"
7/13 2013 United States Mint Annual Uncirculated Dollar Coin Set
8/13 2013 William Howard Taft $1 Coin Cover
8/13 2013 America the Beautiful Quarters® Bags and Rolls - Ft. McHenry National Monument and Historic Shrine (MD)
9/13 America the Beautiful Quarters Three-Coin SetTM - Ft. McHenry National Monument and Historic Shrine (MD)
9/13 2013 America the Beautiful Five Ounce Silver Uncirculated CoinTM - Ft. McHenry National Monument and Historic Shrine (MD)
10/13 Presidential $1 Coin Rolls, Bags and Boxes - Woodrow Wilson
10/13 2013 Presidential $1 Four-Coin Sets
11/13 2013 America the Beautiful Quarters® Bags and Rolls - Mt. Rushmore National Memorial (SD)
11/13 2013 Woodrow Wilson $1 Coin Cover
11/13 America the Beautiful Quarters Three-Coin SetTM - Mt. Rushmore National Memorial (SD)
11/13 2013 America the Beautiful Five Ounce Silver Uncirculated CoinTM - Mt. Rushmore National Memorial (SD)
11/13 2013 America the Beautiful Quarters Circulating Coin SetTM
12/13 2013 First Spouse Bronze Medal Series: Five-Medal Set
ag1969
Jan 3, 2013 - 5:29pm

By the way

Anyone who wants the 2012 90%ATB Silver proof set, it is still available for 42 shitnotes here:

https://catalog.usmint.gov/webapp/wcs/stores/servlet/ProductDisplay?cata...

57Goldtop Mr. Fix
Jan 3, 2013 - 5:30pm

Thanks Mr. Fix

Here's hoping...

Sneezing or coughing raises no less than five simultaneous concerns.

Dyna mo hum
Jan 3, 2013 - 5:31pm

Collodial silver

Some of you guys tickle the hell out of me with this cocktail of silver with wires and batteries attached. Good old Kentucky bourbon is still working for me and I cant remember the last time I was sick with any ailment. Good luck with your venture!!

tpbeta
Jan 3, 2013 - 5:32pm

@Basil

Sorry James Turk isn't wrong. He's bull-shiting. Major difference. He doesn't give two hoots about metal prices exploding, as long as enough people think they will to line his pockets. Clearly perma-bulls are wrong about half the time these days, at least.

Having said that it should be understood that the current EE action is aimed solidly at sentiment. They will nevertheless need to start allowing prices to rise somewhat soon in order to make any money from the rinse cycle. Has the range moved from '$26-$36' to '$30 to $4o'? Or is there more down to come? We'll see.

..

ancientmoney
Jan 3, 2013 - 5:32pm

Despite the PM suppression . . .

gold was up 6% and silver 8% in 2012. There was a lot of positioning, especially by China and other eastern nations, which helped cap price. Still, 12 straight years of positive gains.

This would be cause for concern normally, but the gains so far have simply been the inverse of fiat depreciation; silver and gold have yet to get to their true values.

It's always darkest before the dawn, and I'm not sure if we've seen the darkest yet. But the dawn is surely coming. Prepare. Stack. We all here know the drill.

T
Jan 3, 2013 - 5:34pm

metals and miners yesterday and today

its called a Whipsaw , sheeple .........

they do it all the time.

they will do it againe.

I'm looking at targets for gold 1625 area

silver 28 area

and then see what the big playerz do there.

HUI retesting 400 area

many miners to retest last years summer bottoms. Some are there now.

The whipsaw rollercoaster...expect this all thru January....we're just getting started . watch the silver rollercoaster rally up and test 32 area. 32.75

watch it get slammed down there.watch it fall to 28. watch serious buying there.

watch the weekly charts more than the daily.

Yes, as Turk says, 2012 finished like 2011, so he thinks there will be a similar big rally now into february, as if there is a discernible pattern to play. Watch this idea get ruined immediately as we see no rally in January.

maybe instead we will have a dull slide sideways and down for the next 7 months. contained in a tight range with silver 28-33 and gold 1625-1750, all spring and summer.

none of this or anybody elses guesswork really matters.

the only thing that seems clear at this point is that the markets are totally controlled and rigged.

Krispy Kreme donuts continued soaring today, up 12% this week. thats all you need to know.

erewenguy
Jan 3, 2013 - 5:34pm
realitybiter
Jan 3, 2013 - 5:41pm

2008 redux

I encourage everyone to look at the PMs from Oct 15 2008 to Feb 2009. The bottoming process was violent. The impulsive rises were immediately smacked down. Silver hit 8, went to 9.5, back to 8, up to 9, back to 8.25, then 10, then 9, then goooooooone. Took 6 weeks or so...it was a very frightening time to back up the truck, but if you did, it was awesome.

Pretty unimpressive last two days. We shall see. Miners need to pick it up, and quick.

It is clear that politicians have no intention of reducing govt expenses. You can't raise taxes much....history show this. Fed tax rates are very difficult to increase and yield increased revenue significantly.... Only thing left is debt and more debt. Which has to create currency debasement.

Interesting video on crime data:

Choose Your Own Crime Stats
Mr. Fix
Jan 3, 2013 - 5:45pm

@ ag1969

The batch that I “tried out on my wife and daughter” was purchased at one of those hoity-toity holistic medicine stores, a couple of towns away.

I am trying out my homebrew on myself, although my wife has expressed an interest in using it as “preventive medicine”, but was appalled that I paid $25 for 4 ounces.

I've been surrounded by sick people for weeks, and it's starting to take its toll on me.

But you are correct in your assertion that I used my wife and my daughter has a pair of guinea pigs to see if colloidal silver would work at all.

Now that I am certain that it works, I have complete confidence in my homebrew, I have been a do-it-yourselfer since childhood.

Besides, maybe I can start bottling this stuff myself, then sell it for five dollars an ounce.

It would beat working for a living.

Edit:

for anyone that noticed that I am on my second batch, and was wondering where the first batch went,

I'm looking at it sitting on the table, but since I did not sterilize anything in the process,

and was only concerned with whether I could create the chemical reaction myself, I am treating it as nothing other than a science project.

This time I am making real medicine for consumption. (I sterilized everything before I began).

In other words, now it actually counts.

Bohemian
Jan 3, 2013 - 5:48pm
ancientmoney ag1969
Jan 3, 2013 - 5:55pm

@ag1969 re: mint sales . . .

According to the chart, they aren't selling regular ASEs until May 2013!

Proofs go on sale January 24th, but uncirculated ASEs not til May . . . wow.


Jan 3, 2013 - 5:58pm

Apparently I am wrong

Earlier today I stated that scientific/mathematical proofs are not appropriate for questions in the humanities.

I stand corrected! courtesy of ZH:

Well, since I don't understand it, it must be correct. Isn't that the central persuasive strategy of all scientists since the Royal Society began collecting and documenting scientific knowledge in 1660? "Trust us, we know more than you!"

Hmmmm.. on second thought, I'll stand by my assertions that economics is not a science, but a humanistic endeavor. It is far to complex, with too many unknowable variables (not to mention human emotion), to be "explained, predicted, and controlled."

Good luck with that central planning, Ben Bernanke.

opticsguy
Jan 3, 2013 - 5:58pm

quick CS question

someone posted earlier about giving CS to a cat in their water. Supposedly it helps the mouth sores they get from drinking crappy water.

CS being antibacterial, would help against salmonella, but what about Norwalk virus. Same symptoms, pretty much.

I got salmonella from some undercooked eggs in Czech Repub, but didn't get sick until I got to Vienna 12 hr later. God, did that suck.


Jan 3, 2013 - 6:07pm
foggyroad
Jan 3, 2013 - 6:17pm

Calling Markets

I have decided that I am going to evaluate current market conditions, trends, factor in news, rumors, pundit, maven forecasting, add fundamentals and historical precedent, human behavioral study, determine the most probable market direction, make an informed decision and trade the exact opposite or inversely to all the data collected.

This should very lucrative for Me as the last two years losses have been a total shit show.

I could not do any worse and I am convinced this is the most viable way to trade.

Lying cheating stealing, flipping the bird at all laws on the books, being too systemically important to prosecute, therefore above the law.

Nice work when you can get it, buy a lawmaker and hand him the new law you want him to govern you with.

Above the law.

Scum and thieves

Blow Me!

boatman
Jan 3, 2013 - 6:21pm

fix.....................and everyone else sick.

silver is great BUTTT...

take 5,000 mgs vit c per HOUR.

and echinacea/goldenseal 3 every 4 hours.

they have all this at drug stores.

BEST to start all this immediately when noticing that scratchy throat or whatever............also if in close proximity to sick people............helli carry a kit in my truck!

i use powered C and sweeten it w/stevia.

do NOT drink soft drinks and fruit juices...sugar depresses your white cell count AND immune system..........i don't care how good that coke tastes.

i buy 5 lb. BAGS:

https://www.msm-msm.com/store/agora.cgi?product=Vitamins&user4=Ascorbic_...

boatman
Jan 3, 2013 - 6:23pm
abguy4
Jan 3, 2013 - 6:29pm

@ foggy

Welcome to the club.

It's a big club.

And we're not at all exclusive.

57Goldtop Dyna mo hum
Jan 3, 2013 - 6:32pm

RE: bourbon cures what ails

It may be that my immune system was weakened about 3 nights back from consuming too much of too many different things and swimming outside in 10c below zero weather (while it was snowing).

Wife said something about evolving, but I don't recall exactly what she said. She's prolly just sore 'cause I introduced her as Mary from Canoga Park.

Bollocks
Jan 3, 2013 - 6:36pm

@57Goldtop re: CS

One maple will turn black (the other will lose it's sheen), but you need more voltage - 12v at around 1 amp is good - if you keep it running for 10-12 hrs - I've found.

Also, with a 12v power supply it'll turn more than black, it'll grow a beard - which is fine. Just filter the solution through a kitchen paper towel when you're done and scrub the maples with a scourer, wipe with isopropyl alcohol and rinse with distilled water - ready for the next use.

57Goldtop
Jan 3, 2013 - 6:39pm

Fix

Yeah, making my own doesn't freak me out.

I recall when I developed my own sourdough starter from local flour - people thought I was going to die. How on earth could it sit on my counter for 6 years without going bad??????

How on earth could mankind not know that this has been done for thousands of years (much like the metals, interestingly enough)?

ag1969
Jan 3, 2013 - 6:39pm

ancientmoney

That can't be right. Provident is preselling 2013 Eagles right now for delivery starting on 1/17 Condition, uncirculated. Apmex is preselling as well.

rckymtn
Jan 3, 2013 - 6:51pm

when I'm feeling sick I just

when I'm feeling sick I just cut up some fresh garlic into small pieces and put them in a small cup. I then put some lemon juice and sea salt in the cup and let it sit for about 15 mins. I then drink it in 2-3 shots and it does the trick. I use to just cut up a couple of clovers and swallow the garlic like pills but this works better.

Haven't been really sick in a while and ever time I start feeling bad I take the drink and it knocks it out. It also knocks out my wife from the smell pouring out my body.

Mr. Fix
Jan 3, 2013 - 6:54pm

Two days without a rant, I can't hold it in anymore.

Something that I have put off for the last couple of days,

is an attempt to put into words what I think of our world “post fiscal cliff”.

Yes, I had it figured that the powers that be were creating a ready made solution to their problem "of what to blame the economic collapse on".

I can only conclude that they have decided it would be advantageous to them to “buy more time”, and continued their game of theft and fraud.

DayStar, who has been watching closely has concluded that if the COMEX is delivering silver at all, it is probably taking it out of already stolen personal stashes, to float the system just a little bit longer.

As we speak, many local police departments are being trained and equipped, and are being told to expect “massive civil discontent” in the next couple of months.

Nana who has been doing a great deal of work on her forum called DOTS has been researching conspiracy theorists from all around the world trying to determine exactly what they're up to.

I believe they are straddling a fine line between trying to be completely prepared for martial law/police state/dictatorship, and waiting too long, and having the people wake up and realize just how completely screwed they really are. And most importantly, who is responsible for it.

What we saw in the fiscal Cliff debate was a complete cave in by the Republicans, and an admission by them that the rich are not paying their fair share.

I don't want anyone to miss interpreted that statement as partisanship, they are both on the same side, doing a theatrical performance for our benefit. They are in the process of making sure that everybody knows that “conservatism, free markets, and capitalism, is the work of the devil,” and that Obama's socialist utopia will save us all. They are in the process of using the legislative agenda to create even more laws to bankrupt the population, and the country as a whole, and take away our ability to defend ourselves both on a personal level and a national level.

With so many things going on at once, they are merely trying to ascertain the right time to pull the trigger. I think at this point they literally “playing it by ear”.

They have already set up the next so-called “fiscal cliff” two months further down the road. Next time it will be called the “debt ceiling debate”. If they think they've got all of their pieces in the right places on the board, they will institute their agenda in a way that everyone sees it, there will be martial law, a police state will be a permanent solution, and our “dictator and chief” will rule without any possible opposition.

For all practical purposes, that has already been accomplished, amazingly enough, few have noticed.

I still insist that the price of gold, and the price of silver will not rise in any appreciable manner until after this takes place. The United States dollar is being propped up with nothing but manipulation, much in the same way that gold and silver are being held down.

Since neither of these phenomenons are sustainable, an economic Armageddon is an absolute certainty. Although I considered myself personally prepared for a total collapse of couple of days ago, I consider myself as having a couple of more months to improve my preparations.

You can never be “too prepared”.

This is not to say that there will be a collapse in two months, since I still believe they will use an element of surprise, we could have a false flag event any day now, and we could wake up tomorrow with a bank holiday. Therefore, I am maintaining a constant state of readiness.

No doom, no gloom, that's just where I think we are at right now. It's a worldwide holding pattern. We still have time to prepare for a (crash) landing.

Keep stacking like there's no tomorrow, it will simultaneously hasten the process, while preserving your wealth.

Now for more important issues, it looks like my Colloidal silver brew came out perfect.

57Goldtop
Jan 3, 2013 - 7:00pm

Bollocks

Thanks man. I'll try that.

The gargoyle on the coin ain't looking so good now, but really, when did she?

((I'm still pissed that when my wife activated her new GPS at Christmas that she had to click to agree that she wouldn't hold the Queen liable for any problems caused by shitty directions whilst getting around HER EFFING MAJESTY'S land called Canada with HER EFFING MAJESTY'S maps.))

Edit: In high school I was taught that we "repatriated" our constitution. I thought it meant something different, obviously.

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