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Some thoughts
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martinrooy |
02-05-2010 @ 12:08 PM
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Just some thoughts.
Is that IMF 200 tons of gold still for sale? Are we at the bottom? Will gold stay in this vicinity for a few days or a week. Will China buy the other 200 tons of gold from the IMF.
hmmm, a drop in jobs and a drop in the unemployment rate? A drop in jobs cannot equal a rise in employment. So where are these poor people?
The silver gold spread is 71:1. Where is Derrick?
This message was edited by martinrooy on 2-5-10 @ 1:52 PM
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rajeshbj |
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02-09-2010 @ 8:33 AM
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has anyone got any news about the central bankers secret meeting ? Were they really deciding about the future of economy ? What were they scared of ? The public or the wall street bankers ?
Must be the bankers , lol , as they were deciding their bonuses.
And so nice of goldman sachs that due to public anger , it considered paying US$ 9 million ONLY to every exec , as bonuses. Just magine how many home loans could have been excused and made life easy for a few families . When the economy is so much down , how are they making money , and that , too , SO MUCH MONEY .
Just preparing myself for another smash down in the gold and their favourite silver . Because , it is here that they are making money .
But praying that it does not happen .
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zenharmonics |
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02-09-2010 @ 7:57 PM
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I sort of blew this off, as its a normal annual meeting of the central bankers, as, in fact, they do this every year. On the other hand, after I read Sinclair's comments, with F22 fighter planes supervising the event, I wonder if this really could be "it". Also, I just listened to the knowledgable John Williams from Shadowstats.com be interviewed at Kingworldnews.com and its an eye opener. Its an interesting listen.
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/2/6_John_Williams_files/John%20Williams%202%3A6%3A2010.mp3
This message was edited by zenharmonics on 2-10-10 @ 6:38 AM
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Gold Fish |
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02-10-2010 @ 12:27 PM
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The recent annual meeting resolved nothing. The fighter jets were simply a statement of power that's all. Sinclair nailed it completely. There is no practical way to drain the Q.E. from the system. Q.E. will continue until the East has had enough.
Any world currency is near impossible because, demands made by all needed participants would never be agreed upon.
Any U.S. or European default on currency would create world chaos that would lead to instant protectionism and military threats.
Any sudden devaluing of what is left of the U.S. dollar would cause thousands of corporations to fold and drastically explode unemployment.
The most important question is, how much more Q.E. will the EAST tollerate before an actual run on the dollar occurs ? The WEST will continue Q.E. to infinity as long as possible and then blame the East when everything finally crashes.
If history is relevant, warfare will eventually be a result. The Middle East has lava building up daily.
The second most important question is, when the system implodes, how bad will life get in the U.S. ?
Uncertain times indeed !
Best, Gold Fish
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zenharmonics |
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02-11-2010 @ 7:43 AM
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The reality of QE sort of blows the Elliot Wave deflationists out of the water. This said, my question is how long can the inflation tide be held back? We have seem some very impressive maneuvering and manipulation up to this time although the public doesn't understand the US dollar has lost 15 percent since March of 2009. All this said, in my view, the Elliot Wave people may have some credibility as long as the US dollar remains the world reserve currency (even though its continually losing value). Hence, possibly the question would be how long can the world reserve currency resonably stand up? India bought 200 tons of a desireable currency and China promotes its citizens to purchase gold. Could you imagine our leaders promoting the purchase of gold to protect its citizens on the confidential premise of protecting the country? What a thought. Now Iran proclaims it has enriched uranium, and California is short $45 billion in its teachers retirement fund, amoung other developlements. Will this help keep a strong dollar? Will people run to gold or the dollar when or if the market implodes? If investors focus on world currencies, it seems gold would be the best choice, but will investors be rational? At what point is the dollar no longer a safehaven, or are we past that point? Of course confiscation of 401Ks is actually on the floor in the house, and a world of other problems. The dominos keep falling.
This message was edited by zenharmonics on 2-11-10 @ 7:52 AM
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martinrooy |
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04-08-2010 @ 6:27 PM
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What has Asia gained from us? Jobs, technology and gold.
What do we have left? Banks, derivatives and paper.
What is in store? Inflation, poverty and hard work.
Can something be done? Throw the whole thing out and start over.
Since we have inflation, poverty and hard work to look forward to whether we do it or not, what's to lose?
If most of the rats are eliminated in the process that seems like a plus to me.
This message was edited by martinrooy on 4-8-10 @ 6:29 PM
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zenharmonics |
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04-10-2010 @ 3:14 PM
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China has shunned derivatives which they know has become an explosive liability for all involved. Meanwhile, as a solution, China has encouraged their citizens to buy silver and gold which has no liability. Furthermore, China has been a major exporter of goods and a source of cheap labor. In contrast, the US takes the course of action of issuing derivatives to defer payment on other derivatives. The Wall Street counterparties will make gains during this process as long as the taxpayer is able to pay. The US frowns on owning silver and gold as competing with the dollar which is backed by the full faith and credit of the taxpayer suffering financial difficulty. Meanwhile, the US employs Chinese labor to import Chinese goods, while providing entitlement programs for people who had their jobs shipped to China. It seems rather amazing that US policy is the anti-thesis of the Chinese economy.
This message was edited by zenharmonics on 4-10-10 @ 8:05 PM
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martinrooy |
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04-10-2010 @ 8:53 PM
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Hi Zen,
Money has undone what the fathers of the U.S. risked and gave all for, including their lives. A new independent, free country where all men are equal and free.
It is no longer independent because it needs to borrow it's money.
It is no longer free because it is not independent.
How can men be free and equal in an occupied country?
Can you believe China has a trade deficit? I think they may well increase the value of their currency now, since that would in effect lower import costs of raw materials and increase costs to buyers of products made there without raising asking prices.
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zenharmonics |
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04-14-2010 @ 7:17 PM
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I guess it would help the US if the Chinese currency could rise against the dollar. Americans might buy American goods for a change. Over time, maybe this could improve the US job situation.
This message was edited by zenharmonics on 4-15-10 @ 6:57 AM
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martinrooy |
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04-22-2010 @ 8:48 PM
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It's a double edged sword Zen. A higher yuan results in inflation for the west. The west is over built with too much of everything and out of money and pouring all their gold into Asia. We get cheap products they get cheap gold. In the end we have junk, they have the gold. Our governments have to stop this madness of believing that keeping the price of gold down is going to save the west. They have to stop believing that gold is an old relic and not worth anything. Who is it that they are fooling? Themselves I suspect. In the end they are just limiting the productive capacity of another industry. Gold mining and exploration. I guess we shouldn't be surprised and just add it to everything else they are managing to or managed to destroy or get rid of. Especially the industry of it's citizens.
This Greece story is on and off like a yo-yo. If I hear that routine one more time I'm going to assume the world is insane. I can't believe that anyone is falling for that distraction anymore. LOOK a flying PIIG, only works so many times. Well I don't think people are that stupid. I think it's a cover for manipulation. But then so what, that's hardly news anymore. I'm just tired of being treated like a child.
For those of you with brokerage accounts. I'm reasonably sure of what it means when I see on my statement a number of shares of a company I'm invested in listed as two numbers. One amount as segregated (seg) and another amount as unsegregated (unseg) or no description. Two of them together add up to my total shares. I decided to put the question to the firm. Two days later I still don't have an answer. I'll ask every day until I get worn down or they give me an answer. I suppose their trying to come up with something nearly the truth but not quite a lie. Maybe some long winded double talk is coming forth.
Is someone here wiling to shed some light on the subject?
This message was edited by martinrooy on 4-23-10 @ 12:01 PM
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