Jim Sinclair's short but sobering message
derryb
Posts: 36,793 ✭✭✭✭✭
"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
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Comments
Perhaps we are.
The quote I most appreciate is:
"Day to day events are irrelevant"
Political debt posturing from the highest offices is intended to distract. The die is cast. And: "Nothing can stop Gold, Silver, the Swiss and the Cando now."
I am excited to see the new $100 Cando! That will be a welcome distraction. More plastic money.
Miles
Fred, Las Vegas, NV
<< <i>Can you imagine how f upped things will be around us if we see $12,000 gold. God help us.
I had a friend that laughed at buying gold at $300 an ounce that made a most dire prediction in the event of $1000 gold!
I think his contention was that he didn't want to be alive still in a world where gold is the ultimate currency.
How things have changed and little has really changed.....
Miles
<< <i>Can you imagine how f upped things will be around us if we see $12,000 gold. God help us.
i hope i'm raptured b4, that's all i'm gonna say
I knew it would happen.
If there is no agreement, what if the President declares a National Emergency
and states that he will rule by decree for the next 18 months. Then proceeds
to raise taxes, tax corporations, eliminate many if not most special interest
benefits, modify benefits as may be required, and raise payments to Soc Sec
on all moneys earned. Benefits to be allowed to companies opening new factories in USA
and hiring American workers. Special taxes on companies who have moved operations
and services overseas. Temporarily suspend fair trade agreements. Give 50 billion dollars
to the states to rehire police, firemen and teachers that have been let go. Institute a l00 billion
dollar National work program similar to the CCC to rebuild bridges, roads, sewer systems,
gas lines and dams. Break up the big banks and financial companies as we did with Standard Oil
under Teddy Roosevelt. Make them all Regional Banks. Re institute Glass Steagell in its entirety, effective
immediately.
Camelot
<< <i>If there is no agreement, what if the President declares a National Emergency
and states that he will rule by decree for the next 18 months. Then proceeds
to raise taxes, tax corporations, eliminate many if not most special interest
benefits, modify benefits as may be required, and raise payments to Soc Sec
on all moneys earned. Benefits to be allowed to companies opening new factories in USA
and hiring American workers. Special taxes on companies who have moved operations
and services overseas. Temporarily suspend fair trade agreements. Give 50 billion dollars
to the states to rehire police, firemen and teachers that have been let go. Institute a l00 billion
It would not surprise me if he already considered this!
dollar National work program similar to the CCC to rebuild bridges, roads, sewer systems,
gas lines and dams. Break up the big banks and financial companies as we did with Standard Oil
under Teddy Roosevelt. Make them all Regional Banks. Re institute Glass Steagell in its entirety, effective
immediately. >>
Fred, Las Vegas, NV
<< <i>If there is no agreement, what if the President declares a National Emergency
and states that he will rule by decree for the next 18 months. Then proceeds
to raise taxes, tax corporations, eliminate many if not most special interest
benefits, modify benefits as may be required, and raise payments to Soc Sec
on all moneys earned. Benefits to be allowed to companies opening new factories in USA
and hiring American workers. Special taxes on companies who have moved operations
and services overseas. Temporarily suspend fair trade agreements. Give 50 billion dollars
to the states to rehire police, firemen and teachers that have been let go. Institute a l00 billion
dollar National work program similar to the CCC to rebuild bridges, roads, sewer systems,
gas lines and dams. Break up the big banks and financial companies as we did with Standard Oil
under Teddy Roosevelt. Make them all Regional Banks. Re institute Glass Steagell in its entirety, effective
immediately. >>
Rule by Decree = End of Republic = Dictatorship = 2nd civil war
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
<< <i>Can you imagine how f upped things will be around us if we see $12,000 gold. God help us.
I'm not against your thought, but why must things be so terrible if and when gold reaches that level ?
Berkshire Hathaway went from $2,000/share to $120,000/share in a thirty year period because people saw the value of that stock.
Nothing horrible happened during that time period.
And what if people finally realized the true value of gold and pushed it from 1,500 all the way to 12,000 in a twenty year time period.
Does something really bad have to happen ?
<< <i>
<< <i>Can you imagine how f upped things will be around us if we see $12,000 gold. God help us.
I'm not against your thought, but why must things be so terrible if and when gold reaches that level ?
Berkshire Hathaway went from $2,000/share to $120,000/share in a thirty year period because people saw the value of that stock.
Nothing horrible happened during that time period.
And what if people finally realized the true value of gold and pushed it from 1,500 all the way to 12,000 in a twenty year time period.
Does something really bad have to happen ? >>
Excellent point and similar to one another poster made above. People thought the sky would be falling if gold hit $1k or even $1500. Certainly things are bad, but gold is $1500+ and there are no soup lines stretching around the capital building or Times Square.
<< <i>
<< <i>Can you imagine how f upped things will be around us if we see $12,000 gold. God help us.
I'm not against your thought, but why must things be so terrible if and when gold reaches that level ?
Berkshire Hathaway went from $2,000/share to $120,000/share in a thirty year period because people saw the value of that stock.
Nothing horrible happened during that time period.
And what if people finally realized the true value of gold and pushed it from 1,500 all the way to 12,000 in a twenty year time period.
Does something really bad have to happen ? >>
Buyers didn't flock to BH as a safehaven from a rapidly devalued dollar. 12K gold means a near worthless dollar and a rock bottom DOW. Both of these result in serious economic hardship. Serious economic hardship results in.......well, look at Greece.
"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
Santelli says that further quantitative easing is the underpinning of a strong stock market.
Former Fed Open Market Desk guy says that any QE3 is "gonna hafta' be big" but is behind the door entitled "inflation is too high".
Hmmmmm.
I knew it would happen.
<< <i>
Buyers didn't flock to BH as a safehaven from a rapidly devalued dollar. 12K gold means a near worthless dollar and a rock bottom DOW. Both of these result in serious economic hardship. Serious economic hardship results in.......well, look at Greece. >>
Gold going from 600 to 1,500 hasn't crushed the dollar. Isn't the US dollar still the currency of choice amongst most currency hoarders ?
If Italy, Greece, Spain, and many other countries besides Germany, China, and the US fold, couldn't gold still hit that astronomical level
and the dollar still be a major player, along with Germany and China and a few other currencies ?
<< <i>
<< <i>
Buyers didn't flock to BH as a safehaven from a rapidly devalued dollar. 12K gold means a near worthless dollar and a rock bottom DOW. Both of these result in serious economic hardship. Serious economic hardship results in.......well, look at Greece. >>
Gold going from 600 to 1,500 hasn't crushed the dollar. Isn't the US dollar still the currency of choice amongst most currency hoarders ?
If Italy, Greece, Spain, and many other countries besides Germany, China, and the US fold, couldn't gold still hit that astronomical level
and the dollar still be a major player, along with Germany and China and a few other currencies ? >>
Didn't say gold would crush the dollar. A crushed dollar (resulting from current US economic policy and mismanagement) will surely result in much higher gold. Gold going from 600 to 1500 is the result of weakening dollar, not the cause of it. If we were to see $12K gold it would be a result of a very crushed dollar. US $ is "currency of choice" as a result of post WWII Bretton Woods agreement and remains so because oil is historically pruchased with dollars (Part of our arrangement with protecting Saudi royalty) and even that it is slowly changing. I feel that given the freedom of choice, many countries would choose the swiss franc over the US $ as investors have done.
Note that the bernanke will currently stop at nothing to keep the value of the dollar low.
"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
Yes, there are pockets of price increases, but also counterbalanced by price decreases in other sectors. In hyperinflation, shouldn't the value of EVERYTHING except currency go up as measured in currency? thanks for any explanation help in understanding this concept
Liberty: Parent of Science & Industry
<< <i>Of course the dollar is intentionally low right now (dollar index is what, about 75?) because the previous "CRISIS" was the trade imbalance, well guess what, exports are up due at least in part to a weaker dollar. Until we see wage inflation, too, (tough in a high unemployment time) as well as property value inflation (the two cornerstones of price inflation, the third being commodities, though there are other more minor influences) then it's going to be hard for inflation to catch fire in this environment, IMO.
Yes, there are pockets of price increases, but also counterbalanced by price decreases in other sectors. In hyperinflation, shouldn't the value of EVERYTHING except currency go up as measured in currency? thanks for any explanation help in understanding this concept >>
We are a long way from hyperinflation, but current monetary policy is pointing us in that direction long term. Things are not so good for most Americans (outside of Baleyville). Record number of unemployed, record number of children depending on food stamps, record number of people losing their homes, etc. Millions on fixed income are losing ground every day because of "intentionally" low dollar and especially because of artifically low interest rates. Yes, current dollar policy is resulting in short term deflation, but this deflation is irrelevant to the many millions without jobs, homes and enough food. It is also irrelevant to those that are having to "share" their good fortune in the form of verly likely tax increases. Montary policy has been a disaster. This is why PMs are becoming more valuable. The price of gold is the only instrument you need to measure the success of US monetary policy.
"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
<< <i>Bernanke says that further deflationary pressures could appear.
Santelli says that further quantitative easing is the underpinning of a strong stock market.
Former Fed Open Market Desk guy says that any QE3 is "gonna hafta' be big" but is behind the door entitled "inflation is too high".
Hmmmmm. >>
what is so frickin sad is Ben said something to the tune that he didn't know where the economy was headed. wasn't this less than a month ago he said all was a success?
Santelli is a good listen in that he's rational (to most of our ears)
or art, or diamonds, or the new Cando $100 bills....ok, maybe not those but they are pretty!
Miles
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>Makes it sound like we are........ ......doomed.
Perhaps we are. >>
sounds like were well on our way
Cause when this fandango is all over, I hope that they all
go to Hell.
Camelot