Greetings!
Your mission, if you choose to accept it, is to review the following material:
The Day of the Dollar.
Goldseek Radio (Know your financial history!)
The Credit Bubble Bulletin for April 18, 2008
Gold Spike? hosted by Howestreet.com.
I realize that is a lot of material to go over, but I think it's time well spent.
Gold Spike is especially interesting, in my opinion, because the speaker's view is that the price of gold is set to tumble,as he feels that the gold boom has been overbought.
In addition, The Credit Bubble Bulletin asserts that our credit crisis has been contained by the Fed and its partners in government.
So everything is ok right? No economic collapse here.
Think again.
Our financial problems may have been postponed, but they have yet to be resolved. We are going to pay the price for our irresponsible behavior; sooner or later.
My belief is that in three years or less, the full meltdown will be upon us. And so I will take action within that timeframe to buy as much Gold and Silver (at very cheap prices) as I can, to prepare a portfolio that stands to benefit from long term trends, and to educate as many people as possible about sound money, the free market, and personal liberty.
Don't waste time, Dear Reader. Please take advantage and prepare for the future.
So there you have it!
Enjoy, and I will be back soon.
Goldfinger.
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6 comments:
whats up kumo,
I got some good shit for you.
http://www.kitconet.com/charts/metals/leaserates/au_go_0030_lsb.gif
look at the gold lease rates!!they were negative, whata joke!
http://www.safehaven.com/article-10018.htm
look at the newest brainchild of the gold cartel it's the mysterious "NY Globex" be ready for 24/7 manipulation...they must be EXTREMELY desperate.
http://jessescrossroadscafe.blogspot.com/2008/04/russia-buys-gold-for-its-reserves-from.html
after the physical silver market has significantly dried up the gold market seems to dry up too!
have fuN!
btw I hope your 3 years max estimation is just the official version for the website! the situation is extremely precarious.
btw kumo take a look at the shanghai composite. it's down from 6000 to 3000 ...-50% !!!!!then compare it to the DOW. I estimate that if the Shanghai is down 50% then the DOW would have to be down at least the same or wouldn't it? good job PPT! how long can you keep it up?
"good job PPT!"
YY,
Thanks for the info!
The PPT has done a "commendable" job in propping up the market. These blokes aren't stupid... they know the bloodbath that they are in for when this shit falls apart.
The difference between China and the USSA is that China actually gives a damn about inflation, and is willing to sacrifice its stock market accordingly. And, if you look at it the way I do, they've put the future economic superpower's shares on Sale!
Speaking of three years... I'm thinking that the system won't tumble down one fine day. The Fed will probably stabilize this mess, but in doing so, they are preparing the country for an even BIGGER fall.
I think it will be a slow, controlled fire that will bring down the economy gradually, over time.
But then again, I might be wrong...
Toku,
You have to consider that the FED already exchanged billions of treasuries for MBS...soon the dollar will be "backed" solely by MBS. The Bank of England is incidentally doing the same..they exchanged half of their UK gilts for MBS I think.
There are already some food riots going on. US retail market is pretty much dead.
But I somewhat agree with your three years theory of slow meltdown...but only if and that is a big IF everything goes smoothly. Let China drop the treasuries/dollar bomb and you have desaster the next minute.
are you aware of the 600trillion derivatives bomb - what if just one foreign primary dealer like UBS is insolvent and can't be rescued fast enough because it's a foreign bank or whatever.....and the credit default swap bomb explodes?
regarding gold and silver..how long can they suppress the price if they are running out of physical silver and gold??there will just come a time when nobobdy takes "paper gold" serious anymore.
Cheney&co are still pushing for the Iran war(possibly with another even more horrible 911 to justify a nuclear attack on iran). This would be at least economic disaster for the US and a doubling of oil prices or more. think about it when would be the right time for iran war..if not BEFORE the election?well admittedly after the election of hitlery or mclame would be good too!
What I personally think will happen in the next say 3 years ain't looking pretty. first I thought it is just economic collapse and living in a NAU or EU dictatorship. but now I think differently because the person I read this from is no ordinary human being(at least I believe so).
It's pretty crytic so I'm not 100% sure how and what will happen but what I make of it is:
There will be a artificially induced natural appearing disaster in the west coast(probably bombs in the san andreas fault). then probably martial law will be imposed.
iran will be attacked.
the east will send the west into a deep depression(though the west in deepening their own depression with their market manipulations!)
the US will turn their back on Israel and it will be destroyed.
china will become the world power and first annex taiwan then australia(huge continent, many resources, tiny population...)
russia will invade many lands
2/3 of the world population are in jeopardy...
many "natural" disasters
On the positive note...seems like an exciting time to live in!!;-)
I admit it sounds far fetched - at times even to myself - but at least consider the possiblity please. And IF at least some of this comes true then consider my former words that this material world is created and ruled by an evil demiurge! cause the "foretellings" are from someone who says that this is so!
"On the positive note...seems like an exciting time to live in!!;-)"
Lol you have a warped sense of humor YY!
Actually, I think that all of the above scenarios are possible. I'm preparing for the worst, but hoping for the best.
They MAY be able to hold it together just a little while longer. Some analysts are calling for a dollar crisis this summer...
But ya, the whole freaking thing is being held together by dental floss and chewing gum.
But, I feel like you do. One day at a time, and I am truly grateful for life!
Kinda off topic, have you read the Sirius Mystery? I thought of you when I picked it up. It's an interesting read, and directly related to my distant ancestors...
and, do I think a Demiurge created this world?
Nope, because all of this suffering is truly our fault. It's like that passage in the Odyessy I believe: Men blame the gods instead of themselves. All of this is a reap and sow situation. Mankind has had countless teachers to show the right way to live, and how Universal law operates but... mankind keeps falling into the same old traps!
The moment that man masters himself, that is when the Supreme Being will open all doors and move humanity to another plane, in my view.
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