<< <i>So lets see the Fed is going to buy the Trillions in debt that others will not buy and then what RR.
I mean it is not like the U.S. debt situation will get any better, right?
And how about all these new taxes that hit in 3 weeks?
The republicans are now saying they have no power cause they lost the election, but what happens if the congress just says no more debt ceiling increases??????
As far as burger machines go, is this not what everyone wanted? MORE TECHNOLOGY?
Lots of question I know, but I am sure I will get help with answers from my buddies here! >>
The Fed will buy the debt until the system breaks or needs to be totally revamped. Our trading partners overseas will tell us when they've had enough. But they are devaluing their currencies just as fast as we are....some of them much faster. Everyone is ok with this race to the bottom. At some point the system will have to be reanchored or revamped to start fresh all around the world. This process will continue to fleece the little guy and line the pockets of the banks, govt's, and power elite. What other alternative is there? Austerity? The world will be flushed into a massive depression much worse than anything seen so far. So muddle on is the only acceptable course for now.
I'm planning on going to night school to be a burger machine tech. Sometimes the tuning on the special sauce and sesame seeds needs the proper tweeking.
Demonitization will continue until it can't. Currency value will then be reset, possibly with new currency. We are still in the early stages of playing out Japan's decades old, continuing nightmare. The only consolation for the US is that no matter how bad it gets it will seem better than what happens most everywhere else. "The prettiest girl in the ugly contest is still ugly."
"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
So Japan ended up resetting the value of the yen? I hadn't heard. when did this happen? I thought they were in a stable-to slightly-deflationary environment these past decades.
<< <i>So Japan ended up resetting the value of the yen? I hadn't heard. when did this happen? I thought they were in a stable-to slightly-deflationary environment these past decades. >>
They haven't reset. But they are still stuck in the same environment for the past 20 years with no resolution. They just got to the party early. Everyone else is now arriving. And the only way to survive here is to print, print, print. Japan will do the same while accumulating gold. The people took on the debt over the past 20yrs. Now the govt can take its turn.
<< <i>So Japan ended up resetting the value of the yen? I hadn't heard. when did this happen? I thought they were in a stable-to slightly-deflationary environment these past decades. >>
nobody claimed Japan reset the yen. Japan has been able to drag out their condition because of the massive amount of personal savings that are a part of its culture. This has resulted in a lot lower personal debt - something that will expedite economic woes of the US.
"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
Where was it that I just read this week.......................that the US is revising the way it figures inflation once again, to keep those nagging little inflation-adjusted payments from entitlement programs and TIPS down so that it won't be a problem.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>Where was it that I just read this week.......................that the US is revising the way it figures inflation once again, to keep those nagging little inflation-adjusted payments from entitlement programs and TIPS down so that it won't be a problem. >>
Betcha food and health insurance costs won't be part of the formula.
"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>Have you priced powdered milk lately? Not cheap. >>
Could be because of its ability to be stored for long periods...unlike the real thing. I lived off Carnation instant milk, cereal, and spanish peanuts at college for all my inbetween meal snacking. Those were the 3 cheapest foods that had some protein quality and longer shelf life.
Well Guys 2012 is now history, and most of the disasters that the doom sayers said were going to happen last year, just did NOT. Gold and silver were up about 5.5% for the year, not great, but better than C.D.S. No marshal law, no Mayan doomsday, and No grocery store shortages. Just a normal year with inflation in the most used commodities, and a few of the same natural disasters we have every year.The republicans just beat up the President on the tax issue, with negotiations coming on reformed government cuts in February. It certainly looks like we have settled into a plough horse economy. Anyone expecting and major things to happen in 2013?
<< <i>Anyone expecting and major things to happen in 2013? >>
I think the consequences of 2012 and previous years' actions (or lack of actions) will be enough.
However, there is the real possibility of creeping inflation from excess money creation. Even the slightest loss of control of FED zero intererest rate policy will spell trouble for US sovereign debt. I also look for Washington to "control" inflation by further alterations to the way it is calculated.
"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
$60 Billion in taxes raised each year. $1.5 Trillion deficeits each year. Congress does not do math or deal with reality. $20 Trillion total debt by 2016. It doesn't even address $220 Trillion in total Liablilities-Obamacare, Medicare, SS, Part D....... Morality out the door, pass it onto the next generation to figure it.
<< <i>$60 Billion in taxes raised each year. $1.5 Trillion deficeits each year. Congress does not do math or deal with reality. $20 Trillion total debt by 2016. It doesn't even address $220 Trillion in total Liablilities-Obamacare, Medicare, SS, Part D....... Morality out the door, pass it onto the next generation to figure it.
I remember that in 2009 the CBO predicted that the debt to GDP ratio would rise to 80+% by 2019. I believe they predicted that when the ratio was near 50%. It took less than 2 years to blow past the 80% all the way to 100%. Congress lives in a make believe world with make believe numbers.
American Numismatic Association Governor 2023 to 2025 - My posts reflect my own thoughts and are not those of the ANA.My Numismatics with Kenny Twitter Page
<< <i>Congress lives in a make believe world with make believe numbers. >>
easy to do when spending other people's money.
"The problem with socialism is that eventually you run out of other people's money." - Margaret Thatcher
"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>I remember that in 2009 the CBO predicted that the debt to GDP ratio would rise to 80+% by 2019. I believe they predicted that when the ratio was near 50%. It took less than 2 years to blow past the 80% all the way to 100%. Congress lives in a make believe world with make believe numbers. >>
Congress needs term limits so they can vote on what's right for the country rather than what will get them re-elected.
<< <i>Well Guys 2012 is now history, and most of the disasters that the doom sayers said were going to happen last year, just did NOT. Gold and silver were up about 5.5% for the year, not great, but better than C.D.S. No marshal law, no Mayan doomsday, and No grocery store shortages. Just a normal year with inflation in the most used commodities, and a few of the same natural disasters we have every year.The republicans just beat up the President on the tax issue, with negotiations coming on reformed government cuts in February. It certainly looks like we have settled into a slough horse economy. Anyone expecting and major things to happen in 2013? >>
Some things started in '09 that have stayed fairly consistent:
Weakening of Euro A wee bit of economic growth in USA Capital leaving emerging markets
Only thing probably is RMB gaining a toe-hold as world reserve currency. Unless there's a strong, OPEN bond market for buying and selling it's business as usual for foreseeable future.
I've said b4 I've been in Dave's camp for some time. (Food and entertainment in his camp is top drawer. Reminds me of Las Vegas in the 70's BTW )
Beginning of the end for a lot of these derivatives playas
"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
dollar index off to a roar this morning. Let's see if holds and if it will cool metals rally.
"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
IMHO: Some people have gotten in the market because it was up last year and they need to explain to their customers why their money wasn't in the market.
I also think some people are putting money in the market because while we are using dollars for stuff, we need those dollars to increase at a rate closer to inflation.
Average Joes? I do NOT think they are putting money in the stock market. I think they are chasing safety and deciding between mutual fund bond funds and ETF of bonds.
Another avenue of trouble is more young adults with too much education debt. They are putting off cars, houses, and investments because they have to pay off their college debts.
Isn't it amazing how you can come out ahead simply by not hurting yourself along the way?
A lot of savers are beginning to realize they have been loosing money with their bank deposits. Look for the smart ones to move to metal.
"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
Another spin on big banks and their derivatives. Lead guy in this article in Thomas Hoenig, the Vice Chair of the FDIC. He used to be the Kansas City FED bank chief.
Not to worry, the big wall street guys will run the stock market up to about 14500 on the Dow, and then suck all their money out again and let the sheeple take the hit again. Nothing ever really chages in the game!
<< <i>If the game doesn't change, then change the way you play the game >>
Well said. And yes, it can be done. Paper makes it possible and profitable regardless of price direction.
"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 know I havent posted on here in a long time. Good to see everyone is still here. Roadrunner, say hello when you can. Interesting times for sure.
I actually came to view a posting I did many years ago showing the gold market around 1979 and then a separate chart showing 1979-1980. If I find them I will repost.
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
Comments
<< <i>So lets see the Fed is going to buy the Trillions in debt that others will not buy and then what RR.
I mean it is not like the U.S. debt situation will get any better, right?
And how about all these new taxes that hit in 3 weeks?
The republicans are now saying they have no power cause they lost the election, but what happens if the congress just says no more debt ceiling increases??????
As far as burger machines go, is this not what everyone wanted? MORE TECHNOLOGY?
Lots of question I know, but I am sure I will get help with answers from my buddies here! >>
The Fed will buy the debt until the system breaks or needs to be totally revamped. Our trading partners overseas will tell us when they've had enough.
But they are devaluing their currencies just as fast as we are....some of them much faster. Everyone is ok with this race to the bottom. At some point the system will
have to be reanchored or revamped to start fresh all around the world. This process will continue to fleece the little guy and line the pockets of the banks, govt's, and power elite.
What other alternative is there? Austerity? The world will be flushed into a massive depression much worse than anything seen so far. So muddle on is the only acceptable course
for now.
I'm planning on going to night school to be a burger machine tech. Sometimes the tuning on the special sauce and sesame seeds needs the proper tweeking.
"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>So Japan ended up resetting the value of the yen? I hadn't heard. when did this happen? I thought they were in a stable-to slightly-deflationary environment these past decades. >>
They haven't reset. But they are still stuck in the same environment for the past 20 years with no resolution. They just got to the party early. Everyone else is now arriving. And the
only way to survive here is to print, print, print. Japan will do the same while accumulating gold. The people took on the debt over the past 20yrs. Now the govt can take its turn.
All I want for Christmas......is the Truth.
<< <i>So Japan ended up resetting the value of the yen? I hadn't heard. when did this happen? I thought they were in a stable-to slightly-deflationary environment these past decades. >>
nobody claimed Japan reset the yen. Japan has been able to drag out their condition because of the massive amount of personal savings that are a part of its culture. This has resulted in a lot lower personal debt - something that will expedite economic woes of the US.
Far from stable, Japan's national debt is 235% of GDP: "If interest rates rise by a mere 2% or so, interest on the national debt will consume 100% of Japanese tax revenue."
"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>Far from stable, Japan's national debt is 235% of GDP: "If interest rates rise by a mere 2% or so, interest on the national debt will consume 100% of Japanese tax revenue." >>
What are the US numbers? It's got to be comparable. If rates rise much at all interest expense will dwarf revenue.
I knew it would happen.
<< <i>Where was it that I just read this week.......................that the US is revising the way it figures inflation once again, to keep those nagging little inflation-adjusted payments from entitlement programs and TIPS down so that it won't be a problem. >>
Betcha food and health insurance costs won't be part of the formula.
"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.e. If meat suffers price inflation, they'll switch to dog food. Therefore no inflation exists and all is well.
Hee Hee Hee That's good. Lets help them out what else can we switch? Maybe powdered milk for the real thing?
I knew it would happen.
<< <i>Have you priced powdered milk lately? Not cheap. >>
Could be because of its ability to be stored for long periods...unlike the real thing. I lived off Carnation instant milk, cereal, and spanish peanuts at college for all my inbetween
meal snacking. Those were the 3 cheapest foods that had some protein quality and longer shelf life.
A good review of what junior and senior gold miners are looking at with respect to costs in 2013
<< <i>Anyone expecting and major things to happen in 2013? >>
I think the consequences of 2012 and previous years' actions (or lack of actions) will be enough.
However, there is the real possibility of creeping inflation from excess money creation. Even the slightest loss of control of FED zero intererest rate policy will spell trouble for US sovereign debt. I also look for Washington to "control" inflation by further alterations to the way it is calculated.
"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
Knowledge is the enemy of fear
Inflation...not gonna happen. No COLAS for SS, no $5 gas, eggs, milk, or bread.
G&S...encouraging knowing that you have the underlying asset competing with debt based fiat; should be an easy victory.
Taxation...please lean forward.
Public angst...off the charts.
<< <i>3-5 more years of "blah". >>
What's "blah"?
Sideways/up market in equities, gold, silver...?
$16.4T national debt ballooning to $20T-ish?
Unemployment above 7% (14% in UE6 terms)?
Money for Nothing
Box of 20
<< <i>$60 Billion in taxes raised each year. $1.5 Trillion deficeits each year. Congress does not do math or deal with reality. $20 Trillion total debt by 2016. It doesn't even address $220 Trillion in total Liablilities-Obamacare, Medicare, SS, Part D....... Morality out the door, pass it onto the next generation to figure it.
Money for Nothing >>
I remember that in 2009 the CBO predicted that the debt to GDP ratio would rise to 80+% by 2019. I believe they predicted that when the ratio was near 50%. It took less than 2 years to blow past the 80% all the way to 100%. Congress lives in a make believe world with make believe numbers.
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2019 ANA Young Numismatist of the Year
Doing my best to introduce Young Numismatists and Young Adults into the hobby.
<< <i>Congress lives in a make believe world with make believe numbers. >>
easy to do when spending other people's money.
"The problem with socialism is that eventually you run out of other people's money." - Margaret Thatcher
"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>I remember that in 2009 the CBO predicted that the debt to GDP ratio would rise to 80+% by 2019. I believe they predicted that when the ratio was near 50%. It took less than 2 years to blow past the 80% all the way to 100%. Congress lives in a make believe world with make believe numbers. >>
Congress needs term limits so they can vote on what's right for the country rather than what will get them re-elected.
Box of 20
Terry
<< <i>Well Guys 2012 is now history, and most of the disasters that the doom sayers said were going to happen last year, just did NOT. Gold and silver were up about 5.5% for the year, not great, but better than C.D.S. No marshal law, no Mayan doomsday, and No grocery store shortages. Just a normal year with inflation in the most used commodities, and a few of the same natural disasters we have every year.The republicans just beat up the President on the tax issue, with negotiations coming on reformed government cuts in February. It certainly looks like we have settled into a slough horse economy. Anyone expecting and major things to happen in 2013? >>
Some things started in '09 that have stayed fairly consistent:
Weakening of Euro
A wee bit of economic growth in USA
Capital leaving emerging markets
Only thing probably is RMB gaining a toe-hold as world reserve currency. Unless there's a strong, OPEN bond market for buying and selling it's business as usual for foreseeable future.
I've said b4 I've been in Dave's camp for some time. (Food and entertainment in his camp is top drawer. Reminds me of Las Vegas in the 70's BTW )
<< <i>Looks like status quo for '13...maybe a little more pain for the worker bees but there aren't that many of them anymore.
Inflation...not gonna happen. No COLAS for SS, no $5 gas, eggs, milk, or bread.
G&S...encouraging knowing that you have the underlying asset competing with debt based fiat; should be an easy victory.
Taxation...please lean forward.
Public angst...off the charts. >>
The easy wars are not the ones you want to win. Very seldom are they rewarding. Always beware the easy trade.
I think the public was more angry in the 70s. And before that in the 1890s. Anger is high, but nowhere near the level needed for reform.
Knowledge is the enemy of fear
From zombie banks to zombie homes.
<< <i>Zombie homes stalk former homeowners >>
Thats a sad story
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
Hey there...what's that sound...VAT
And along with it, you can be sure that entitlement spending will be ramped up until it reaches 220% of GDP.
And the debt will hit 440% of GDP.
No biggie. Just blame it on whoever happens to be the last honest man standing who has any money left.
I knew it would happen.
<< <i>Italy's oldest bank takes $293 MILL derivative's hit >>
Beginning of the end for a lot of these derivatives playas
"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
"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>Matt Taibbi comments on the new SEC chief - fox in the hen house? >>
Lovely...just lovely
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Usually this is a foretelling of a time when the market or the DOW will start to slide?
If so when?
If not why?
IMHO: Some people have gotten in the market because it was up last year and they need to explain to their customers why their money wasn't in the market.
I also think some people are putting money in the market because while we are using dollars for stuff, we need those dollars to increase at a rate closer to inflation.
Average Joes? I do NOT think they are putting money in the stock market. I think they are chasing safety and deciding between mutual fund bond funds and ETF of bonds.
Another avenue of trouble is more young adults with too much education debt. They are putting off cars, houses, and investments because they have to pay off their college debts.
Isn't it amazing how you can come out ahead simply by not hurting yourself along the way?
Cheers
"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
Banks are bigger than they look
<< <i>A lot of savers are beginning to realize they have been loosing money with their bank deposits. Look for the smart ones to move to metal. >>
So far, the above comment appears to be "wishful thinking." PM's continue to be hammered.
<< <i>
<< <i>A lot of savers are beginning to realize they have been loosing money with their bank deposits. Look for the smart ones to move to metal. >>
So far, the above comment appears to be "wishful thinking." PM's continue to be hammered.
That's because a lot of savers are beginning to realize they have been losing money with metals....
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i>A lot of savers are beginning to realize they have been loosing money with their bank deposits. Look for the smart ones to move to metal. >>
So far, the above comment appears to be "wishful thinking." PM's continue to be hammered.
That's because a lot of savers are beginning to realize they have been losing money with metals.... >>
Naw...it can't be that simple...there's got to be some sort of conspiracy or manipulation in play
Knowledge is the enemy of fear
<< <i>If the game doesn't change, then change the way you play the game >>
Well said. And yes, it can be done. Paper makes it possible and profitable regardless of price direction.
"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 actually came to view a posting I did many years ago showing the gold market around 1979 and then a separate chart showing 1979-1980. If I find them I will repost.
$20 Saint Gaudens Registry Set
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22