Hitmen Contracts to Bust COMEX
Submitted by SIERRAHPBT on Thu, 05/28/2009 - 11:09
The financial cartel dominated by the United States and United Kingdom is soon to suffer some serious blows. The list of their financial crimes is as magnificent as it is long. Its list of victims is as prominent as it is long. The harbored resentment is great by many global players. They waited patiently for the Obama Admin to install a new group, but the old group remains due to a revolving door from the same smoky club, dominated by Goldman Sachs once more. Their influence, if not bribery, of the USCongress is in continuation, sufficient for unwanted obsequious approval.
read the full article here.. very important .....
http://www.321gold.com/editorials/willie/willie052809.html
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Everything is almost
Everything is almost increasing today. Gold's value is one of them which make some people who are in this kind of business happy.
gold party
Inflationary Investment Option
Came across this mutual fund. It takes short positions on treasuries. What do you guys think?
RYUX
http://goldsteinrepublic.com
RYJUX (sorry)
Inverse Bond Fund
http://goldsteinrepublic.com
All metals resume their upward course even before market
opening.
Metal Bid Ask
Gold $984.90 $985.90 up 4.61
Silver $15.82 $15.87 up 0.23
Platinum $1,203.00 $1,213.00up 14.00
Palladium $236.80 $241.80 up 1.36
Updated:5/31/2009 9:37:40 PM CST
gold and silver both up...
gold and silver both up... please read the article
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Bump!
----------------
`Wise people, even though all laws were abolished, would still lead the same life'- Aristophanes -
“We have allowed our nation to be over taxed and over regulated and overrun by bureaucrats, the founders would be ashamed of us for what we're putting up with.” Ron Paul
I thought this was supposed to happen . . .
. . . last December?
You're right.
The same guy making the same prediction. He does get things right most of the time, however. I follow his column regularly, and he has predicted major inflection points in the current crisis really well -- like which banks, funds and insurance agencies are going to crash next. The secret of understanding modern finance, he says, is thinking like a criminal.
Recommended reading: The Most Dangerous Superstition, http://www.larkenrose.com/store/34-books/2019-the-most-dange...
who cares when it happens..
who cares when it happens.. just make sure you are in position to profit from it.. actually that is a small part of the article.. seeing all the crime and being informed on what is going on is more important.
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
You nailed it!
Instead of everyone dreading the inevitable, find a way to profit from it! I am increasingly of the mind that liberty has more to do with consciousness than politics. Figue out how to end run the system- now that is freedom!
http://goldsteinrepublic.com
and this is classic
and this is classic government at work............
And lastly, give credit to the USGovt statrats in their busy laboratories. They decided to ramp up the Q2 Gross Domestic Product by including all USGovt rescue funds for the big banks, including the diverse funds from the many liquidity facilities. All those funds will go directly into the GDP for Q2 as a special line item. Expect a miraculous economic recovery in the second quarter, based in vapor. The stock rally since March was based in accounting fraud. These are true American innovations, but too bad they are not exportable! They are not, since they have no value.
what a joke.. and mish and prechter and the others do not see this.. I agree with Prechter we will see A 1000 on the dow... but not everything is going to go into deflation.. food, gold ,silver and energy will continue to climb at the same time.. Ron Paul said it.. Inflationary Depression.. that is where we are..... like it or not..
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
measuring real economic growth
i've come to the conclusion that GDP is meaningless. if GDP = money velocity x circulating cash, one could simply print tons of money and claim to have economic growth.
say you have an island full of people and every year they crank out 1000 loaves of bread which are sold for $1 each. their GDP is $1000
now if the same island cranks out only 500 loaves of bread a year, and sells them at $10 each, the GDP is $5000.
how is it you have 400% economic growth if you're only producing half as much? this is the fuzzy math of your keynesian economists at work!
if anything, real economic growth should be measured as follows:
(current GDP - government revenues) / (last year's GDP - government revenues), which gives real free market growth (that which is not distorted by the state).
your real rate of inflation is current monetary base / last year's monetary base.
real free market growth ratio / real rate of inflation
if this number is > 1.0, then you've got a reasonably stable economy.
if it's 1.0, you've got stagnation.
if it's < 1.0, you're headed for trouble.
the US is [(14.3e12 - 2.98e12) / (13.8e12 - 2.57e12)] / 1.042 = 0.967 according to my weird little formula. this indicates that the US is headed for trouble.
if anybody has ever thought up this formula before i did, let me know, otherwise, give me your thoughts on my attempt at economic analysis!
Gold Formula
Gold/Ounce = $250 + Monetary Base * .00056 - S&P 500 * .18
S&P $919.14
Monetary Base $1,801,680
Equivalent Gold Price: $1,089
Add another $500B in MBS purchases and...
Gold = $1368/ounce
Whoopie!
http://goldsteinrepublic.com
not sure where you got this
not sure where you got this from, but it surprises me you'd calculate dollars to be so valuable.
OTOH, my formula only measures economic growth/decline. it'd be interesting to see how it stacks up against gold.
Spot on
I think your formula is terrific and I can't wait to model on it. I wonder what picture it will paint of the the so called prosperity of the WWII years.
I think I read somewhere that Rothbard did a similar thing but he subtracted gov spending twice. I think his reasoning was that the gov revenue was a drain on productivity but the goods and services consumed by government doubled the pain as those resources were sucked out of the economy as well.
I devised the gold equation using regression analysis. It misses the big runs in 1980 and 1987 but otherwise has a 71% correlation. It's basically saying that gold = inflation.
http://goldsteinrepublic.com
totally fubarred maff
sounds good, but considering the US spends roughly half the GDP on government when one factors in state, federal and local governments, doubling that amount would leave very very little left over for the free marke... ah, it all makes sense now!
i think a better model for it would be to take government expenditures (and perhaps even 501(c)(n) rackets as well), multiply that figure by the real GDP current growth rate to account for lost real GDP increase from malinvestments. this changes my formula to the following:
GDP growth =
{[GDPnow - (Malinvestnow x Growthprojected now)] x Moneyprev} /
{[GDPprev - (Malinvestprev x Growthprev)] x Moneynow}
ok.. now i have totally confused myself beyond any measure of recognition.
gold actually isn't a good model for inflation since it isn't a fixed baseline. gold is subject to deflation in a growing economy, assuming a fixed money velocity, which you would never ever have in a commodity based currency, since economic growth is almost entirely a function of money velocity. either prices have to go down, or money has to change hands more quickly. the reality is that both occur.
keynesian economics tends to behave like a sine function (your boom and bust cycles) bounded by two diverging sigmoid cuves. austrian economics behaves more like a geometric function. the latter is better for everybody, but politicians like to put people on emotional rollercoasters (pardon the analogy).
Gold, et al
Gold may not have a fixed baseline, but nothing else does either. No such thing as 'intrinsic value'. That's partly why the BLS devised these "baskets of goods", the other reason being they can manipulate what goes into the basket- ie replacing sirloin with ground beef, and other 'hedonic adjustments'.
I imagine you CAN temporarily boost output by decreasing money demand (which increases velocity). Weimar Germany and Zimbabwe had extremely high velocity! The Egyptians had a great method increasing GDP too. They just cracked the whip on their slaves.
http://goldsteinrepublic.com
GNH
The wonderful ex-King of Bhutan has been touting his Countries desire for "Gross National Happiness" for several years. However they measure this has got to be more accurate then our GDP measurement.
antidepressants are good for
antidepressants are good for that. one would have to conduct a cost/benefit analysis to see if the numbers would warrant putting the whole country on antidepressants.
And I'm the kook?
Please tell me you were joking.
Explore Orthodox Christianity
chemically induced happiness
chemically induced happiness is the most efficient form of happiness. if the monarch's goal is to make his people happy, this would be the easiest way to accomplish this.
i take it you don't trust medical science?
Think about it
Government paying some guy $1,000 to dig ditches would be equal, in the ever-wise eyes of the measure GDP, to an entrepreneur spending that same $1,000 on a machine that makes widgets ten times more efficiently than prior methods.
This simple illustration proves the joke that is GDP.
_________________________________
My liberty-minded home base of thought:
www.ponderthis.net
_________________________________
Freedom - Peace - Prosperity
this is precisely why my
this is precisely why my equation subtracts government revenues. of course, my equation only subtracts federal revenues, and since state budgets have been out of control, i'm sure my little index would place the US much lower, probably about 0.95.
government revenues must be taken out of the equation (or rather government expenditures), since all money government spends is a market distortion, and real economic growth can only be measured by the real free market.
it's a complicated thing trying to measure economic performance. my formula is far from perfect, but i think i'm on the right track.
I think you are probably
I think you are probably right on with .95... maybe a little less.
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
i'd be interested to know if
i'd be interested to know if anybody has an idea of the total government GDP consumption in the US. it's gotta be around 50%.
i'd love to calculate it out and see what my lil formula shows, but it'd be hell trying to track down all the state government budget stats, and even worse if i factor in local and county governments. NYC alone is in the billions!
Explain in "English" please...
So what does this mean, in laymans terms, if you are holding ETFs in Gold and Silver?
Caution on ETFs.
The author of the article (Jim Willie), and the organization GATA both believe that the popular gold and silver ETFs GLD and SLV , which are run by JP Morgan and Barclays, operate a sort of "fractional reserve" gold depository, and don't have as much gold in their vaults as they are supposed to. Neither one has ever been audited -- like the COMEX.
If the price of gold and silver rises, market sentiment normally drives up the price of GLD and SLV, but if the COMEX defaults and investors become suspicious of all "paper gold," they could be in serious difficulties. A better quality ETF for gold and silver is the Canadian fund CEF. Canadian law isn't as tolerant of bankster-fraud as the US and Britain.
Recommended reading: The Most Dangerous Superstition, http://www.larkenrose.com/store/34-books/2019-the-most-dange...
they will go up..... you
they will go up..... you should be in fine shape.. the only problem is when you sell out you get paper dollars in return that will be used for toilet paper.
It is much better to have Physical coin.. Liberty what I would do is this.. as soon as you break even sell.. then try to buy physical.. the supplies are already tight, hopefully by that time you will still be able to buy physical..
You will not be hurt on your original investment.. then again who knows if the etf's have the physical metal in their own vaults.. they were leasing that metal too... it will be interesting.
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Thanks
Buying physical is complicated though...at least for me.
Coin shops are not common things where I live (I'd have to drive great distances). And, even if they have sufficient supplies on hand, they have their markups (for profit) when you buy, and their markdowns (for profit) when you sell.
If I want to have a stash of physical for food and emergencies, it isn't clear what the liquidation process would be (along with how much hassel I'd have to go through). Who would mark down the most? How far would I have to drive? Who might not be able to accept the coins and payout all the value on such short notice? etc..
If I want to invest, I need to assure that I can convert it all back to exchangable currency (dollars) at some point (pay taxes, bills, real estate, food, etc.).
So what is the best way to do this?
Coin Shops
Buy Kruggerands from a coin shop. Stay away from eagles as they have a ridiculous markup for the same amount of gold.
Sell on Ebay or in person, spot + $50.
Make sure your brother is nearby with a bat when the deal goes down (just in case).
http://goldsteinrepublic.com