Or sooner or later conspiracy advocates will finally admit and succumb to reality. Let's see what comes first.
I've been wrong about the precious metals for the past 3 years. I admit it. Until then, I'd been right about them for the previous 14 years running. My basic premise hasn't changed during those 17 years.
The basic premise of government overspending and ballooning debt hasn't changed. Any bump in interest rates will put a significant strain on the whole system, especially on stocks - but on bonds as well.
The accounting rules for banking balance sheet valuations were changed out of sheer desperation in 2008, and local, state & federal unfunded liabilities have not evaporated into nothingness, so the façade of financial stability is looking worse all the time.
This isn't conspiracy thinking, and jamming one's head into the sand won't make any difference when the numbers won't add up. I guess we'll see who made the bigger mistake.
Q: Are You Printing Money? Bernanke: Not Literally
It certainly isn't. And 40-60% of the world's otc derivatives are denominated in US Dollars. That means there is someone out there on one side of the trade essentially shorting US dollars. And don't forget the other 50-60% that are denominated in Euros. But, alls well that ends well as they say.
The original ZH article from 2011 is still pretty much where things stand with otc derivatives. They haven't disappeared or been made risk free or even "nettable" to zero. It doesn't change a thing that the Too Big To Jail banks have had their share prices double, triple or whatever. That has nothing to do with the derivatives risk they hold despite all the "useless" credit stress checks the FED runs on them. The FED is going to eventually pass them regardless of their actual financial conditions and risks. Give the banks a few simple hoops to jump through, fail one of them every so often to placate the sheeple, then carry on with the same game plan just as before. He who controls the debt, controls the system.....until the debt finally overwhelms the system. It's still true what derryb said in the first post, "when one goes, they all go." Lehman and AIG already showed how that would work....and those guys were small potatoes compared to the main attractions.
<< <i>Or sooner or later conspiracy advocates will finally admit and succumb to reality. Let's see what comes first.
I've been wrong about the precious metals for the past 3 years. I admit it. Until then, I'd been right about them for the previous 14 years running. My basic premise hasn't changed during those 17 years.
The basic premise of government overspending and ballooning debt hasn't changed. Any bump in interest rates will put a significant strain on the whole system, especially on stocks - but on bonds as well.
The accounting rules for banking balance sheet valuations were changed out of sheer desperation in 2008, and local, state & federal unfunded liabilities have not evaporated into nothingness, so the façade of financial stability is looking worse all the time.
This isn't conspiracy thinking, and jamming one's head into the sand won't make any difference when the numbers won't add up. I guess we'll see who made the bigger mistake. >>
If the system wasn't rigged, just based on the real numbers(not the cooked ones), the metals would be through the roof. The globalists know they can't allow that to happen because it takes every bit of faith in their fiat system right down the toilet.
Derry, I love ya like a brother but I can find better financial wisdom than 90% of your calls on a UFO sightings blog. Your overriding philosophy that PM can do no wrong coupled with your sense of market timing may be right for you but would BK most people. No offense intended, just my observation.
"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>"If the system wasn't rigged, just based on the real numbers(not the cooked ones), the metals would be through the roof. The globalists know they can't allow that to happen because it takes every bit of faith in their fiat system right down the toilet." >> >>
If I agreed with you, we'd both be wrong.
Life is like a jar of jalapeno peppers. What you do today might burn your ars tomorrow. ...and as someone recently said: Don't worry about old age; it doesn't last that long.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Comments
<< <i>
<< <i>
<< <i>I am right about many things, you just don't want to believe it.
As they say, I'll believe it when I see it. LOL >>
Then it's too late. >>
Then I guess I'll never believe it.
Knowledge is the enemy of fear
I've been wrong about the precious metals for the past 3 years. I admit it. Until then, I'd been right about them for the previous 14 years running. My basic premise hasn't changed during those 17 years.
The basic premise of government overspending and ballooning debt hasn't changed. Any bump in interest rates will put a significant strain on the whole system, especially on stocks - but on bonds as well.
The accounting rules for banking balance sheet valuations were changed out of sheer desperation in 2008, and local, state & federal unfunded liabilities have not evaporated into nothingness, so the façade of financial stability is looking worse all the time.
This isn't conspiracy thinking, and jamming one's head into the sand won't make any difference when the numbers won't add up. I guess we'll see who made the bigger mistake.
I knew it would happen.
<< <i>The debt spiral isn't over. >>
It certainly isn't. And 40-60% of the world's otc derivatives are denominated in US Dollars. That means there is someone out there on one side of the trade essentially shorting US dollars. And don't forget the other 50-60% that are denominated in Euros. But, alls well that ends well as they say.
The original ZH article from 2011 is still pretty much where things stand with otc derivatives. They haven't disappeared or been made risk free or even "nettable" to zero. It doesn't change a thing that the Too Big To Jail banks have had their share prices double, triple or whatever. That has nothing to do with the derivatives risk they hold despite all the "useless" credit stress checks the FED runs on them. The FED is going to eventually pass them regardless of their actual financial conditions and risks. Give the banks a few simple hoops to jump through, fail one of them every so often to placate the sheeple, then carry on with the same game plan just as before. He who controls the debt, controls the system.....until the debt finally overwhelms the system. It's still true what derryb said in the first post, "when one goes, they all go." Lehman and AIG already showed how that would work....and those guys were small potatoes compared to the main attractions.
<< <i>Or sooner or later conspiracy advocates will finally admit and succumb to reality. Let's see what comes first.
I've been wrong about the precious metals for the past 3 years. I admit it. Until then, I'd been right about them for the previous 14 years running. My basic premise hasn't changed during those 17 years.
The basic premise of government overspending and ballooning debt hasn't changed. Any bump in interest rates will put a significant strain on the whole system, especially on stocks - but on bonds as well.
The accounting rules for banking balance sheet valuations were changed out of sheer desperation in 2008, and local, state & federal unfunded liabilities have not evaporated into nothingness, so the façade of financial stability is looking worse all the time.
This isn't conspiracy thinking, and jamming one's head into the sand won't make any difference when the numbers won't add up. I guess we'll see who made the bigger mistake. >>
If the system wasn't rigged, just based on the real numbers(not the cooked ones), the metals would be through the roof. The globalists know they can't allow that to happen because it takes every bit of faith in their fiat system right down the toilet.
I love ya like a brother but I can find better financial wisdom than 90% of your calls on a UFO sightings blog. Your overriding philosophy that PM can do no wrong coupled with your sense of market timing may be right for you but would BK most people. No offense intended, just my observation.
Sylvester
"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
Liberty: Parent of Science & Industry
<< <i>tick tock, do do do do >>
Linky no worky!
tick tock, do do do do
Liberty: Parent of Science & Industry
<< <i>"If the system wasn't rigged, just based on the real numbers(not the cooked ones), the metals would be through the roof. The globalists know they can't allow that to happen because it takes every bit of faith in their fiat system right down the toilet." >> >>
If I agreed with you, we'd both be wrong.
Life is like a jar of jalapeno peppers. What you do today might burn your ars tomorrow.
...and as someone recently said: Don't worry about old age; it doesn't last that long.