Breakfast with Jim
Justacommeman
Posts: 22,847 ✭✭✭✭✭
Dear Friends,
The train wreck of Western finance is no longer the slow train wreck you witnessed watching Freddie and Fanny come apart. It is therapeutic, as Dean Harry Schultz instructs us, to travel enough so you can look back at your Motherland and see things clearly.
It is my belief that the relative lack of success in the recent attack on the euro - at least compared to the earlier effort - could well presage the inevitable attack against another monetary union currency, the United States dollar.
Market commentary here in Dubai by so-called experts universally proclaims a sudden concern that the US is mishandling its debt. All of this has been explained to you before in the context of down cycles which at some point move to a zero equilibrium - baring some enlightened intervention which is highly unlikely.
ntervention between 2008 and 2010 missed by a country mile but somehow managed to enrich the dastardly "banksters" who created this mess in the first place. The cause of what is now semantically presented as the "Great Recession" is no more than demons dancing on the head of a pin. The cause of all this mess is singular and so large that it defies conceptualization.
The cause of the Great Recession is the damned OTC derivative manufacturers and distributors. It is called a "real estate collapse" but again this is a semantic message for the OTC Derivative Securitized Mortgage Debt debacle.
The OTC derivative market has continued to grow, with Credit Default Swaps, another fraud, having a snowball in hell's chance of functioning when the spectre of default again threatens Western finance.
As soon as the sharks finish their feeding frenzy on the euro, the dollar will come up next in their crosshairs. It looks to me as if the minor euro nations do not offer large enough opportunities for the destroyers of wealth that Greece did.
Mark my words when I say that gold will reach for the stratosphere, trading at $1,650 and above sooner than many people think.
Being in gold and avoiding the US dollar no longer just constitutes a trading situation but a financial survival exercise
Stay the course and win. Vacillate and you join the sheeple.
Respectfully,
Jim Sinclair
The train wreck of Western finance is no longer the slow train wreck you witnessed watching Freddie and Fanny come apart. It is therapeutic, as Dean Harry Schultz instructs us, to travel enough so you can look back at your Motherland and see things clearly.
It is my belief that the relative lack of success in the recent attack on the euro - at least compared to the earlier effort - could well presage the inevitable attack against another monetary union currency, the United States dollar.
Market commentary here in Dubai by so-called experts universally proclaims a sudden concern that the US is mishandling its debt. All of this has been explained to you before in the context of down cycles which at some point move to a zero equilibrium - baring some enlightened intervention which is highly unlikely.
ntervention between 2008 and 2010 missed by a country mile but somehow managed to enrich the dastardly "banksters" who created this mess in the first place. The cause of what is now semantically presented as the "Great Recession" is no more than demons dancing on the head of a pin. The cause of all this mess is singular and so large that it defies conceptualization.
The cause of the Great Recession is the damned OTC derivative manufacturers and distributors. It is called a "real estate collapse" but again this is a semantic message for the OTC Derivative Securitized Mortgage Debt debacle.
The OTC derivative market has continued to grow, with Credit Default Swaps, another fraud, having a snowball in hell's chance of functioning when the spectre of default again threatens Western finance.
As soon as the sharks finish their feeding frenzy on the euro, the dollar will come up next in their crosshairs. It looks to me as if the minor euro nations do not offer large enough opportunities for the destroyers of wealth that Greece did.
Mark my words when I say that gold will reach for the stratosphere, trading at $1,650 and above sooner than many people think.
Being in gold and avoiding the US dollar no longer just constitutes a trading situation but a financial survival exercise
Stay the course and win. Vacillate and you join the sheeple.
Respectfully,
Jim Sinclair
Walker Proof Digital Album
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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roadrunner
Market commentary here in Dubai by so-called experts universally proclaims a sudden concern that the US is mishandling its debt.
Dubai, Dubai - don't we know that name from somewhere? Oh, I recall that they built that phantasmagorical resort island - on borrowed money - and can't pay it back. That Dubai? Oh, I remember now.
I knew it would happen.
<< <i>You won't find a better source for the inside workings of governmental and international finance than Jim Sinclair.
Market commentary here in Dubai by so-called experts universally proclaims a sudden concern that the US is mishandling its debt.
Dubai, Dubai - don't we know that name from somewhere? Oh, I recall that they built that phantasmagorical resort island - on borrowed money - and can't pay it back. That Dubai? Oh, I remember now. >>
Perhaps the Dubaians are projecting??
<< <i>It's a very dubious situation. >>
did you say doobieous?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Camelot
Dear CIGAs,
Gold is trading at $1405.
How many of you recall the classic film, "Monty Python and the Holy Grail?"
Well, for those that do gold looks like King Arthur at dawn in Africa. The knight whose duty it was to protect the bridge from other knights crossing encounter a determined King Arthur. King Arthur approaches the bridge and is challenged by the bridge keeper to halt and not cross. A fight ensues and the knight protecting the bridge is reduced to a slaughtered stump with no arms or legs. King Arthur crosses while the bridge keeper yells at him to return as the bridge keeper threatens to bite the king to death as he no longer has arms, legs or weapons to fight with
The shorts in all things gold represents the bridge keeper. Of course, the gold guys are King Arthur.
The dopey short of all things gold cannot stop the climb of the gold price to $1650 and beyond. They are such ego maniacs that they will, like the bridge keeper, be slaughtered stumps yelling "come back, I will bite you!"
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I knew it would happen.