Well, that IS how capitalism works. What we have now can be found in the dictionary, look up "merger of government and corporations". This arrangement has an awful history.
Gregory Mannarino has been hyped on this for weeks, and he's 100% correct. "Houston, we have a problem."
Q: Are You Printing Money? Bernanke: Not Literally
Silver seems to be moving up today. When the premium on Silver Eagles is running $9 to $10, it tells me that it's not the best time to buy - but it also tells me that there is investment demand, where there was none before.
In light of the economic news and unprecedented money creation by the corrupt banking system, I'd say that the investment demand will continue to be strong for as long as it takes for the economy to fully recover. If and when the economy recovers, industrial demand will pick back up, but the dynamics for silver demand will be different than before. I don't think that the investment demand will abate once this is over. Too much free money will be chasing real goods.
Wait until this week's unemployment claims report comes out. It won't be good. More pressure to hand out more free money (to the banks) (and to the large corporations), such that a smidgeon might trickle down to the very people who need support - the ones who pay their taxes and actually work for their money. What a corrupt monetary system.
Q: Are You Printing Money? Bernanke: Not Literally
And for a decade now silver is the same dang price and has actually lost purchasing power against almost everything.
My silver is selling all day for $25+ an ounce. You need to stop stacking those worthless futures contracts.
I bet you are selling. How many years has it been since you could dump at that price? 4? 5? Especially when the bullion dealers have buy prices 30% lower. You aint that much of a fool!!
"So, how does this end? It ends in a flash of monetary debasement preceded by a violent and destabilizing currency crisis. It’s plain as the nose on your face. The Fed knows that when a nation’s sovereign debt exceeds 100% of GDP, “there’s almost no mathematical way to service that debt in real terms.”
In other news: "US Airlines, Treasury Department Reach Deal For Billions In Bailout Aid."
Reach a deal? Why are they even negotiating a deal. Offer them a bailout on your terms or tell them to look elsewhere.
How not to manage a business 101: The airline industry rolled over $45 billion (96% of its free cash flow) into buying back its stocks which are now worth up to 35% less. Now it's begging for a bailout. Wonder what kind of management bonus that will deserve?
"the Fed decided it was in America's best interest to nationalize the capital markets." Gold disagrees.
And from the Head FED trader:
"Many challenges surely lie ahead for the economy and financial markets. But the past month demonstrates that the Federal Reserve will use its tools aggressively to keep markets working so that credit can flow to households, businesses, and state and local governments throughout our economy."
I assume more credit will, in time equal more debt, if the debt is not repaid.
My understanding is that credit is debt, the minute that the loan papers are signed.
No doubt all of the debt won't be repaid.
What is the result of the debt not being repaid? What happens then? Does gov.com just start taking out regular amortization payments from everybody's bank accounts?
When the interest payments can't be met, it appears that money creation ramps up. That's my observation. It's anybody's guess who gets to be the favored beneficiary of all the new money creation. Odds are, it won't be anyone we know.
Q: Are You Printing Money? Bernanke: Not Literally
@carew4me said:
everybody still wants US dollars so......
Especially foreigners who borrowed in US dollars and through lack of US sales in the current slowdown are not receiving US dollars in return to facilitate the debt repayment. This is requiring some foreign govs. to sell US Treasuries in order to bailout their corporations.
Comments
And just like that, everyone stopped laughing at preppers.
Give Me Liberty or Give Me Debt
The Fed, the casino, and trillions on the line:
Wall Street Wins Again
Give Me Liberty or Give Me Debt
Wow a lot of scaring stuff here.
"Let Them Fail" - How Capitalism Is Supposed To Work
"And if a bunch of hedge funds get wiped out - what's the big deal? Let them fail. So they don't get the summer in the Hamptons - who cares."
Give Me Liberty or Give Me Debt
I was watching that interview...he's right, but he always gets the cnbc guys riled up with the stuff he says. Chamath has no filter, I dig it.
Well, that IS how capitalism works. What we have now can be found in the dictionary, look up "merger of government and corporations". This arrangement has an awful history.
Gregory Mannarino has been hyped on this for weeks, and he's 100% correct. "Houston, we have a problem."
I knew it would happen.
Give Me Liberty or Give Me Debt
The power of the FED:
Give Me Liberty or Give Me Debt
Looking back at all the times that codhook posted the phrase "dang" - it is the best contrarian indicator that I have ever seen.
Silver seems to be moving up today. When the premium on Silver Eagles is running $9 to $10, it tells me that it's not the best time to buy - but it also tells me that there is investment demand, where there was none before.
In light of the economic news and unprecedented money creation by the corrupt banking system, I'd say that the investment demand will continue to be strong for as long as it takes for the economy to fully recover. If and when the economy recovers, industrial demand will pick back up, but the dynamics for silver demand will be different than before. I don't think that the investment demand will abate once this is over. Too much free money will be chasing real goods.
Wait until this week's unemployment claims report comes out. It won't be good. More pressure to hand out more free money (to the banks) (and to the large corporations), such that a smidgeon might trickle down to the very people who need support - the ones who pay their taxes and actually work for their money. What a corrupt monetary system.
I knew it would happen.
My silver is selling all day for $25+ an ounce. You need to stop stacking those worthless futures contracts.
Give Me Liberty or Give Me Debt
I bet you are selling. How many years has it been since you could dump at that price? 4? 5? Especially when the bullion dealers have buy prices 30% lower. You aint that much of a fool!!
Dang.
Knowledge is the enemy of fear
All those promises are about to blow up. You shoulda stacked the real McCoy.
Weimar America, Here We Come!
"So, how does this end? It ends in a flash of monetary debasement preceded by a violent and destabilizing currency crisis. It’s plain as the nose on your face. The Fed knows that when a nation’s sovereign debt exceeds 100% of GDP, “there’s almost no mathematical way to service that debt in real terms.”
Give Me Liberty or Give Me Debt
You really havent been paying attention.
Knowledge is the enemy of fear
Not to you.
Give Me Liberty or Give Me Debt
In other news: "US Airlines, Treasury Department Reach Deal For Billions In Bailout Aid."
Reach a deal? Why are they even negotiating a deal. Offer them a bailout on your terms or tell them to look elsewhere.
How not to manage a business 101: The airline industry rolled over $45 billion (96% of its free cash flow) into buying back its stocks which are now worth up to 35% less. Now it's begging for a bailout. Wonder what kind of management bonus that will deserve?
Give Me Liberty or Give Me Debt
Rumor is the FED is gonna start printing T-shirts.
Federal Reserve is now the world's largest hedge fund
"the Fed decided it was in America's best interest to nationalize the capital markets." Gold disagrees.
And from the Head FED trader:
"Many challenges surely lie ahead for the economy and financial markets. But the past month demonstrates that the Federal Reserve will use its tools aggressively to keep markets working so that credit can flow to households, businesses, and state and local governments throughout our economy."
"So that credit can flow?" When will they learn.
Give Me Liberty or Give Me Debt
I assume more credit will, in time equal more debt, if the debt is not repaid. No doubt all of the debt won't be repaid.
everybody still wants US dollars so......
Loves me some shiny!
I assume more credit will, in time equal more debt, if the debt is not repaid.
My understanding is that credit is debt, the minute that the loan papers are signed.
No doubt all of the debt won't be repaid.
What is the result of the debt not being repaid? What happens then? Does gov.com just start taking out regular amortization payments from everybody's bank accounts?
When the interest payments can't be met, it appears that money creation ramps up. That's my observation. It's anybody's guess who gets to be the favored beneficiary of all the new money creation. Odds are, it won't be anyone we know.
I knew it would happen.
Especially foreigners who borrowed in US dollars and through lack of US sales in the current slowdown are not receiving US dollars in return to facilitate the debt repayment. This is requiring some foreign govs. to sell US Treasuries in order to bailout their corporations.
Give Me Liberty or Give Me Debt