Whatever

234
Fri, Apr 19, 2013 - 10:24am

I'm just generally tired, so I'm taking the day off. Here's an "open" thread.

If you haven't seen it yet, below is the CBC documentary, graciously supplied by "forwhomthetollbuilds". Very kind of him to take the time to record and upload. All three parts are below. Part III is the only one of real interest.

Obviously, the producers chose to exclude the information which I was hoping would finally begin to see the light of day. Thus the title of this post. I'll try to pick up my armor and rejoin the fight next week but, for now, I can't help but feel a bit dispirited.

Have a good day and try to remember to play nice, keeping in mind, of course, The Golden Rule.

TF

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RaRaRasputinTF
Apr 19, 2013 - 5:18pm

Nice One Bruva!

Moved to Speak

ancientmoney
Apr 19, 2013 - 5:05pm

Snippet from Fekete's latest (posted earlier by a Turdite) . . .

"Output ultimately proves no match for the mass movement of gold going into hiding, first gradually, eventually reaching crescendo when the threat of permanent gold backwardation starts looming large. At that point all deliverable supplies of physical gold would be gobbled up by gold hoarding. In case of monetary metals, in contrast with all other commodities, high and increasing prices may not bring out new supply. Rather, they might make supply shrink. Monetary metals are exempt from the law of supply and demand.

Under permanent backwardation, as no gold were offered for sale at any price, the ‘price of gold’ would become a vacuous concept. Gold, silver and, soon enough, all other highly marketable goods would only be available through barter. In other words, paper money as we know it would simply cease to function. We cannot fathom how our complex world economy could operate under such circumstances. "

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

He knows his gold . . . for those who missed earlier link:

https://feketeresearch.com/upload/Who-said-the-hydra-would-take-it-lying-down-Prof-A-E-Fekete.pdf

Nana
Apr 19, 2013 - 5:02pm
ancientmoneybillhilly
Apr 19, 2013 - 4:57pm

@billhilly re: simple thinking . . .

My boy, you just went straight to the head of the class!

billhilly
Apr 19, 2013 - 4:55pm

more simple thinking....

I still cannot get this line of thinking out of my head...

- IF the big boys KNEW of a pending Force Manure (WH meeting ?) and

- IF they had unlimited backing (Fed) then

- Short the holy hell out of Ag/Au, sell as much naked paper as possible to keep driving down prices

- suckering in as many longs as possible (teach those FED fighters a lesson) then

- BAM, close down the market and settle at cash price.

- PLUS, now they, JPM get the physical in hand, and the price gets reset....win on both ends

Just some simple thinking from a simple mind.

edit...

- PLUS, with all the paper shorting, maybe they will force some physical free as margin calls escalate. BONUS

RockerBoxer
Apr 19, 2013 - 4:49pm

The Carney Show

RockerBoxer

musicmaker99
Apr 19, 2013 - 4:41pm

Gold Cot commercial shorts +6800!

Turd, I know it's been a long week, but I think commercials added 6800 shorts, not covered!

ancientmoney
Apr 19, 2013 - 4:40pm
ForWhomTheTollBuilds
Apr 19, 2013 - 4:39pm

Anyone else starting to "feel it in their bones"?

I don't know how long its gonna take and Im still not sure exactly whats happening but last Friday I watched the PM charts and felt like a man watching a pack of Lions take down a Zebra.

It felt kinda bad to see it and I wished it wasn't happening, but this voice inside kept saying, "There has to be pain and fear to get where we are going. Just stay rational, sit tight, and *watch what they do*."

Hagarth
Apr 19, 2013 - 4:38pm

German Advisors Float property Confiscation

Posted on April 15, 2013 by suyts

Well, you wondered where they’d look to next. When they devalued Greek bonds they said that was a “one-time” thing. When they confiscated large bank accounts in Cyprus, they said it was a “one-time” thing. So, where would they turn next?

From the Telegraph…..

Wealth tax to pay for EU bail-outs

The proposals, from members of Germany’s council of economic experts, raise the prospect of taxes being imposed on property in a country like Spain if its government was forced to seek a bail-out.

The council, known as the “Five Wise Men”, is often used to test new policies that are later adopted officially. ……

And, I like this part…….

Prof Peter Bofinger, an adviser to Mrs Merkel, said that levies on bank accounts are the wrong way of funding bail-outs, because rich people are able to shift their money out of the country.

“The resourceful rich just move their money to banks in northern Europe and avoid paying,” Prof Bofinger told Der Spiegel, a German magazine.

Wise men? We saw that coming as soon as the account confiscation was announced. The majority of the money in the accounts were gone by the time the accounts were raided.

“For example, over the next 10 years, the rich should give up a portion of their assets,” Prof Bofinger said. Spain was last year forced to seek international help to prop up its banks. Despite recent signs of progress, some analysts believe the Spanish government itself could also have to seek a bail-out in order to pay its debts.

Spain is suffering from the bursting of a huge property bubble that has left many home owners struggling to sell houses for much less than the price they paid.

Spain needs to hurry if they’re to be next. There are other countries who are ahead of them now …..

Prof Lars Feld, another “wise man”, highlighted a recent study by the European Central Bank, which Germans say show that the people in bailed-out countries are often better-off than those in Germany. Less than half of Germans own their own home, lower than the rate in many southern eurozone members.

The ECB study found that the “median” wealth in Cyprus is €267,000 (£227,600), compared to just €51,000 in Germany.

The median or midpoint level – which strips out the distorting effect of the super-rich – was €183,000 for Spain, €172,000 for Italy, and €102,000 for Greece, and even €75,000 for Portugal.

Well, yes. The populations voted themselves wealthy at the expense of government debt.

Prof Feld said the report showed that people in the crisis countries are richer than the Germans. “This shows that Germany has been right to take a tough line of euro rescue loans,” he said.

Alternative für Deutschland, a German eurosceptic party, is putting Mrs Merkel under increasing pressure in her response to the eurozone’s prolonged crisis.

Many members of the new party, which held its first conference on Sunday, want Germany to pull out of the euro and revert to the Deutschmark.

One has to wonder which will come first. There are many groups across the EU which want to withdraw from the EU and the Euro zone. But, can they get there before enforcement of some parts of the Lisbon treaty are enforced?

https://suyts.wordpress.com/2013/04/15/german-advisors-float-property-co...

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