Students Are In Debt. LINK
Educator who is proponent of debt system see students revolt. LINK
Home owners are in debt. LINK
Jefferson County Files Largest Ever Chapter 9 Filing LINK
Italians are loosing control of their sovereign debt. LINK
"Italy is finished" LINK
"Italy sparks market bloodbath." LINK
Portugal is in trouble with debt too. LINK
So are the rest of the PIIGS. LINK
USA on the cusp of the point of no return. LINK
MF Global is also in debt, and has been stealing investor money for a while now to cover it up. LINK
MF Global Collapse causes investment in "safe" US. LINK
"Corzine Lawyers Up" LINK
Here are some of the world's biggest sovereign debtors. LINK
This all has something to do with "The Decade Wall Street Went Insane", but more to do with monetary theory. LINK
China displeased with its debt slaves. LINK
America is bailing out rich people all over the globe trying to preserve the monetary system status quo. LINK
Foreigners sell record amount of US Bonds. LINK
Norway joins in US debt selling. LINK
China refuses to bailout Europe. LINK
Risks of debt contagion in Europe. LINK
"Europe Goes Full Bailout Retard: EFSF" LINK
Demand for EFSF paper plummets. LINK
Indebted consumers are seeing their confidence plunge. LINK
"The Beginning Of The European Endgame" LINK
We were wondering if Europe would get their debt organized "in time". LINK
Europe then wallows in "unsolvable problems". LINK
"U.S. Debt Day of Reckoning Is Coming" LINK
"US Monetary Policy - Disharmony and An Unbroken Will to Plan" LINK
"A Key Lesson From Iceland" LINK
"Greek Referendum a Sign of Democracy Flourishing?" LINK
Markets Slump on News of Referendum. LINK
Will Greece Pull an Iceland? LINK
Papandreou resigns. LINK
The True Intrinsic Value of Euro 'Money'" LINK
"L'orrore, L'orrore" LINK
Links to Drugs
In short, I think marijuana provides way too much benefit to prohibit it legally. Materials, fuels, medicines, ending an expensive prohibition, and job creation are all benefits that deserve to be recognized. That humanity has been using marijuana for thousands of years is a pretty definate indication that we will survive it's legalization as a society. We may not survive the collapse of our monetary system as a society. The monetary system's collapse may be part of the reason why people are eating so many more anti-depressants and opiates, additionally maybe this is being compounded into something greater by the prohibition on one of the world's oldest and most used drugs. Personally I'd rather take a risk with marijuana than antidepressants or opiates (or alcohol) if I needed emotional or physical pain relief, sound reasonable to anyone else? Hell the Jesuits and professors at St. Louis University will tell you the same thing, same for a large number of other educational institutions and autodidacts.
Tommy Chong to Obama: Pardon Marc Emery. LINK
CDC Antidepressant Use Up 400% (1 in 10 take them) LINK
Obama's Crackdown on Medical Marijuana LINK
White House Responds to Marijuana Petition LINK
Cliche Cop Reference: Canadian Cop Says to Regulate Medically LINK
Forbes: Marijuana: Half the Nation Thinks it Should Be Legal LINK
Tommy Chong to Obama: Pardon Marc Emery. LINK
CDC Antidepressant Use Up 400% (1 in 10 take them) LINK
Obama's Crackdown on Medical Marijuana LINK
White House Responds to Marijuana Petition LINK
Cliche Cop Reference: Canadian Cop Says to Regulate Medically LINK
Forbes: Marijuana: Half the Nation Thinks it Should Be Legal LINK
Link to WARNING
ZeroHedge says that CME says that not only have credit markets dried up but margin calls for everybody! This is big, not small, doom. LINK
Links to Occupy, a List of Stories and Information
The Occupy movement has generated a ton of new news. So much so that I'm going to have to use another page break. Click HERE to read list.
Links to Gold Rebounding After Bottoming Big Drop
Market Oracle says gold "is not in a bubble" as some sources are espousing. (Article Predates PM Recovery From Recent Bottom) LINK
GoldCore expects institutional investors moving into gold to affect the price of gold. LINK
The Burning Platform knows that you should own physical gold and wants to tell you why. LINK
Jesse's Cafe says "This Is The Gold Bull Market" LINK
The question of "is silver set to pop or drop?" and its analysis from the recent low in silver is very insightful to the nature of the future now that we have seem some "pop" to reflect back with. LINK
"GATA debates CPM re Silver" LINK
And as we've see "Gold, Silver Surge" LINK
"PM Breakout is Here" LINK
"Gold and Silver Update: This Is What A Global Fiat Bailout Looks Like In One Chart" LINK
"When Money Dies" (Again) LINK
Eric Sprott's "Stump" Speech in Support of Silver Investing LINK
GoldCore expects institutional investors moving into gold to affect the price of gold. LINK
The Burning Platform knows that you should own physical gold and wants to tell you why. LINK
Jesse's Cafe says "This Is The Gold Bull Market" LINK
The question of "is silver set to pop or drop?" and its analysis from the recent low in silver is very insightful to the nature of the future now that we have seem some "pop" to reflect back with. LINK
"GATA debates CPM re Silver" LINK
And as we've see "Gold, Silver Surge" LINK
"PM Breakout is Here" LINK
"Gold and Silver Update: This Is What A Global Fiat Bailout Looks Like In One Chart" LINK
"When Money Dies" (Again) LINK
Eric Sprott's "Stump" Speech in Support of Silver Investing LINK
Link to A Lesson in Occupying the Military
Egypt has a revolution that overthrew the political class only to find that military allegiance is a critical issue. DissidentVoice had one of the early takes on the Egyptian revolution being fouled by military control on the country, "There Was Never an Egyptian Revolution". LINK
Link to China - US Monetary Relationship
Link to an Alternative Theory About Gold Margin Hikes
Link to Law Inforcement Invasion
...of the internet, from Reuters. Not a good sign for avoiding totalitarianism. LINK
Link to "Hopelessly Devoted"
IceCap Asset Management Ltd. has expectations of money printing and inflation. LINK
LINK to "How Central Banks Use ETFs to Keep Gold Down"
GATA has this to say about central bank manipulation of PM. LINK
Link to Death of a Monetary System
MarketOracle has these charts on Euro-zone debt contagion and money in general. LINK
Doug Casey writes "How to Prepare for When Money Dies" which serves as a good companion to the prior article. LINK
Peter Schiff: "U.S. Dollar is the Monetary Titanic LINK
Expectations of a meltdown in sovereign debt. BBC via ZeroHedge. LINK
Bank of England's Mervyn King calls this the "Worst Ever" UK financial crisis. LINK
Harrisburg PA files for bankruptcy protection. LINK
"Fear and Loathing" In Euro Banking System. LINK
"Creditability" suffers, according to Jesse's Cafe. LINK
Money and Markets says we have had warnings. LINK
Derivative still set to explode. LINK
Expectations of a market crash, again. LINK
What it looks like as a comic. LINK
Doug Casey writes "How to Prepare for When Money Dies" which serves as a good companion to the prior article. LINK
Peter Schiff: "U.S. Dollar is the Monetary Titanic LINK
Expectations of a meltdown in sovereign debt. BBC via ZeroHedge. LINK
Bank of England's Mervyn King calls this the "Worst Ever" UK financial crisis. LINK
Harrisburg PA files for bankruptcy protection. LINK
"Fear and Loathing" In Euro Banking System. LINK
"Creditability" suffers, according to Jesse's Cafe. LINK
Money and Markets says we have had warnings. LINK
Derivative still set to explode. LINK
Expectations of a market crash, again. LINK
What it looks like as a comic. LINK
Link to A Simplied Version of Current Economic Theory
Naked Empire has this to say about our monetary system. LINK
Links to Occupy: More Stories From The Revolution
I spent some time in St. Louis with their OWS branch. Just hanging out and talking with people concerned with these issues helped me to clear out some of the malaise I have felt in the past. I've put together a long list of OWS stories that hit the media sources I monitor to help spread the word and generate discussions. Hopefully this post and the previous one will be a useful resource to some (99%) of the people (who have no control over the monetary system).
Additionally, I would like to personally encourage everyone to investigate and participate in Occupy in whatever way they personally think is best. The exponential growth of this movement means that many different people with many different points of view have strongly bonded on a level that many don't completely understand yet. My hope is that we wrench ourselves out of a debt based monetary system which enslaves us all! What is it that you hope to gain from your participation or the participation of others?
Click "READ MORE" to get at the links:
Additionally, I would like to personally encourage everyone to investigate and participate in Occupy in whatever way they personally think is best. The exponential growth of this movement means that many different people with many different points of view have strongly bonded on a level that many don't completely understand yet. My hope is that we wrench ourselves out of a debt based monetary system which enslaves us all! What is it that you hope to gain from your participation or the participation of others?
Click "READ MORE" to get at the links:
Links to Occupy
There has been a lot going on with OWS. So much so that I've had to use a page break. Click "READ MORE" bellow to get at the links.
Fall USA
globalrevolution.tv
Watch revolution live, it is going to be an interesting season.
Updated: Try occupystream.com for a compilation of many of the live streams from around the world.
Watch revolution live, it is going to be an interesting season.
Updated: Try occupystream.com for a compilation of many of the live streams from around the world.
Link to Nation v Nation Unrest
US v Iran over uranium enrichment: LINK
Israel v Turkey over sending warships with next freedom flotilla: LINK
Libya v Gaddafi: LINK
Egypt v Israeli embassy: LINK
China v Brazilian farm land: LINK
US Government v Public Opinion on 9/11: LINK
Public v US Government Opinion on 9/11: LINK
Building 7 v Gravity: LINK
Building 7 v Gravity again: LINK
Israel v Turkey over sending warships with next freedom flotilla: LINK
Libya v Gaddafi: LINK
Egypt v Israeli embassy: LINK
China v Brazilian farm land: LINK
US Government v Public Opinion on 9/11: LINK
Public v US Government Opinion on 9/11: LINK
Building 7 v Gravity: LINK
Building 7 v Gravity again: LINK
Links to Monetary Tension and Collapse
"The European Financial System is Finished": LINK
Hyperinflation Helicopter Ben: LINK
Bank of America looks Bankrupt (more than just morally too): LINK
Bernanke's Waterloo via Market Oracle: LINK
G7 Says Here Comes the Printing: LINK
An Odd Summary: LINK
China to Liquidate Treasuries, not USD: LINK
"Fed. Reserve can't solve these problems" -El-Erian: LINK
Unemployment (CNN is idiocy, but you can still get the idea): LINK
California to study public banking, like North Dakota has: LINK
Morgan Stanley heavily exposed to French banks pending possible downgrade of french banks: LINK
Fiat Money Explained in 4 Minutes: LINK
UBS Euro Doom and Gloom Team: LINK
Hyperinflation Helicopter Ben: LINK
Bank of America looks Bankrupt (more than just morally too): LINK
Bernanke's Waterloo via Market Oracle: LINK
G7 Says Here Comes the Printing: LINK
An Odd Summary: LINK
China to Liquidate Treasuries, not USD: LINK
"Fed. Reserve can't solve these problems" -El-Erian: LINK
Unemployment (CNN is idiocy, but you can still get the idea): LINK
California to study public banking, like North Dakota has: LINK
Morgan Stanley heavily exposed to French banks pending possible downgrade of french banks: LINK
Fiat Money Explained in 4 Minutes: LINK
UBS Euro Doom and Gloom Team: LINK
Links to Gold and Silver
Guess I should have posted this a bit sooner, TF's warning: LINK
Sprott shifted from Bullion to Gold Stocks just in time to dodge rate hikes and selling: LINK
Jesse says fundamentals are still good (so does TF by the way): LINK
Market Oracle sees a doubling in the price of gold after a few months of consolidation: LINK
Wikileaks declassified cable of John Huntsman about dollar peg to gold and devaluation as weapons against China: LINK
Wikileaks cable: "the Chinese are buying gold": LINK
China knows about gold price suppression (bet they've got an even clearer idea now, and are probably buying hand over fist): LINK
"When all hope fades": LINK
"Just a squiggle": LINK
Sprott shifted from Bullion to Gold Stocks just in time to dodge rate hikes and selling: LINK
Jesse says fundamentals are still good (so does TF by the way): LINK
Market Oracle sees a doubling in the price of gold after a few months of consolidation: LINK
Wikileaks declassified cable of John Huntsman about dollar peg to gold and devaluation as weapons against China: LINK
Wikileaks cable: "the Chinese are buying gold": LINK
China knows about gold price suppression (bet they've got an even clearer idea now, and are probably buying hand over fist): LINK
"When all hope fades": LINK
"Just a squiggle": LINK
Links to Corruption
DoJ (fuck your laws): LINK
FHFA (fuck your house): LINK
Presidency (fuck your democracy): LINK
Bank of America (fuck your house, again): LINK
CIA and FBI Whistle-blowers (fuck your democracy, again): LINK
War Profiteers (fuck your freedom): LINK
Rumsfeld (fuck your freedom, again): LINK
War Crimes (fuck your freedom and your laws): LINK
FHFA (fuck your house): LINK
Presidency (fuck your democracy): LINK
Bank of America (fuck your house, again): LINK
CIA and FBI Whistle-blowers (fuck your democracy, again): LINK
War Profiteers (fuck your freedom): LINK
Rumsfeld (fuck your freedom, again): LINK
War Crimes (fuck your freedom and your laws): LINK
Links to Rioting (Apparently mostly by the police.)
In Egypt: LINK
In Italy: LINK
In Greece: LINK
In USA: LINK, LINK, LINK (to the traders), LINK, LINK (to occupy wall street), Link (to police macing women needlessly), Link to (Colbert on protesters), LINK to (Anthony Bologna), LINK (to "where are you?"), LINK (one of the people who got maced)
Oh, and in case you missed it, the CIA killed MLK.
And just for good measure here's the bland google search on "Police & Steroids": LINK
Be careful out there!
In Italy: LINK
In Greece: LINK
In USA: LINK, LINK, LINK (to the traders), LINK, LINK (to occupy wall street), Link (to police macing women needlessly), Link to (Colbert on protesters), LINK to (Anthony Bologna), LINK (to "where are you?"), LINK (one of the people who got maced)
Oh, and in case you missed it, the CIA killed MLK.
And just for good measure here's the bland google search on "Police & Steroids": LINK
Be careful out there!
Wrong
Well as we can all see now I was a little conservative with my limit to say the least. 1650 for gold and 30 for silver, wow. Margin hike what got leaked early, COMEX delivery moving paper market, and liquidation across all classes explains the drop. again nothing fundamental has changed with physical. Except COMEX issues are playing into driving down physical price at dealers via paper, and that's actually a positive for buying physical now. Silver took a bigger % hit than gold, again. When will physical and paper diverge? Probably when COMEX misses delivery. Maybe not though, governments putting trade restrictions on gold could also do the trick. So, go buy some more silver. Also, I am betting that gold still goes to 2000 after bottoming.
Limit In Gold 1800
If I were to want to buy into gold I'd be thinking about leaving a buy at 1800 sitting around now. I would say to shoot to buy for less, and you have a good chance of seeing 1760 or less, but I would hate to miss the run up that looks setup in the short to mid term. I would guess gold goes to 2000 before any real check after bottoming its recent downturn.
Link to Post: Speaking of Revolution...
Most Americans would prefer to get rid of every member of congress.
LINK TO POST
And your state's attorney general is probably trying to screw you out of what was the rule of law and help the banks.
LINK TO POST
Its a related problem that motivated people cannot manage to make jobs for themselves in this legal/monetary environment.
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And your state's attorney general is probably trying to screw you out of what was the rule of law and help the banks.
LINK TO POST
Its a related problem that motivated people cannot manage to make jobs for themselves in this legal/monetary environment.
LINK TO POST
Link to Post: Swiss Weaken Currency by Pegging
Zerohedge thanks them for $2000 Gold:
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Sovereign Man talks about how drastic this action is:
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Sovereign Man talks about how drastic this action is:
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Link to Post: Turkey vs Israel
Turkey withdraws defense and trade ties from Israel, via Al Jazeera:
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NakedEmpire has more on the tensions between the two:
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NakedEmpire has more on the tensions between the two:
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Link to Posts: Deepwater Horizon Oil
No major new developments on this one, just more exposure of what's already out there. Expecting more on this shortly.
Business Insider says "BP can deny all they want [and they've done so with reference to the current oil slick] but that looks like oil again at deepwater"
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On Wings of Care:
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Business Insider says "BP can deny all they want [and they've done so with reference to the current oil slick] but that looks like oil again at deepwater"
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On Wings of Care:
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Link to Posts: USD and Collapse
Here's a but from Market Oracle on the nature of fiat as it specifically applies to us.
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Goldman Sachs apparently agrees:
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Goldman Sachs apparently agrees:
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Link to Posts: China and Gold
TF Metals Report on China's metals exchange:
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Recent Wikileaks embassy cables on China and gold:
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Recent Wikileaks embassy cables on China and gold:
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Link to Post: GLD vs GOLD
Zerohedge has this to say about GLD after is recently failing to track golds upward swing completely.
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GATA also notices the difference between GLD and gold:
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GATA also notices the difference between GLD and gold:
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Link to Post: Deepwater Horizon Leaking Again!
All the physics I've gotten into on this issue say that if this happens a massive blowout is immanent, unstoppable, and unbelievably destructive. This time video via RawStory.
LINK TO VIDEO
And a bit on the court's treatment of the initial disaster for perspective on what's to come.
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LINK TO VIDEO
And a bit on the court's treatment of the initial disaster for perspective on what's to come.
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Link to Post: The Revolution in Iceland Today!
An Update on Iceland, from NewsNetScotland via NakedEmpire, always worth checking up on:
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Link to Post: Gong Show Market
IceCap Asset Management has this one via Zerohedge. It is not a free market, it is not a controlled market, it is a "gong show" market.
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Link to Post: The Bernanke's "Magical Powers"
More on the Bernanke box.
From Zerohedge:
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Zerohedge also has this short explanation of the differences between now and 2008.
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From Zerohedge:
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Zerohedge also has this short explanation of the differences between now and 2008.
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Link to Post: On Latest Price Drop In PMs
Buy, Buy, Buy, fundamentals remain the same as discussed previously. Hold for value preservation and gains. Why did they fall then? Margin hikes, same as last time, no fundamental changes, just regulations on leverage changes. Zerohedge has this:
LINK TO POST
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Link to Post: Democracy's Fiscal Incoherence
Gonzalo Lira puts forward an argument that democracies will always go bankrupt. I am pretty sure I don't agree with it wholeheartedly, but it is an interesting read. I'm not entirely sure what my argument against it would be. Always is over-broad, democracy is too narrow? Worth reading through for sure.
LINK TO POST (01/31/2011)
TheBurningPlatforn's tail of Bernanke's grandmother screwing may be explained by GL's argument?
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LINK TO POST (01/31/2011)
TheBurningPlatforn's tail of Bernanke's grandmother screwing may be explained by GL's argument?
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Link to Post: Social Upheaval
SovereignMan takes a historical look at social upheaval and revolution.
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NakedEmire has one with Marc Faber with more of the same (Revolution, Social Upheaval, and the Death of the Dollar),
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Washington expects "lawlessness" because of corruption of the leaders. I think that the people become lawless because their lawmakers corrupted the system for the purposes of the moneyed class making laws without value and thus reducing reliance on the rule of law for justice by the common person. History repeats, or at least revisits issues. Close enough.
LINK TO POST
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NakedEmire has one with Marc Faber with more of the same (Revolution, Social Upheaval, and the Death of the Dollar),
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Washington expects "lawlessness" because of corruption of the leaders. I think that the people become lawless because their lawmakers corrupted the system for the purposes of the moneyed class making laws without value and thus reducing reliance on the rule of law for justice by the common person. History repeats, or at least revisits issues. Close enough.
LINK TO POST
Link to Post: "Not a Minor Complication"
From Mish. Lists a few major complications and the post goes into a bit of detail about the Greece "loan collateral" deal, which is also a major complication. For once I think I agree completely with Mish, though probably not from the same foundation, it'll work this time.
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Link to Post: Venezuela's Gold
They want to get 99 tons of it back, and from JPM none the less, who doesn't have that much gold on hand. Zerohedge spotted this one.
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Update: Bloomberg's version of the story:
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Oh, and he's nationalizing the gold miners.
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Update: Bloomberg's version of the story:
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Oh, and he's nationalizing the gold miners.
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Link to Post: Rule of Law
The rules of law normally produce an efficient legal environment, which fosters many important human endeavors, when not abused. The persistence of the rule of law has pretty much failed to keep us from a sort of natural law which seems to remain when all other laws fail in their purpose. I see this as a much much wider issue that just being part of the "war on terror", it is systemic. DissidentVoice does use the "war on terror" as a good example of these practices though.
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Link to Post: NakedEmpire Asks a Couple Questions About 9/11
It is topical here because energy is money. Second one seems like pretty big news to me (note though the context because the title is misleading.)
LINK TO FIRST QUESTION
LINK TO SECOND QUESTION
Update: Better handling of second issue by Washington's Blog:
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LINK TO FIRST QUESTION
LINK TO SECOND QUESTION
Update: Better handling of second issue by Washington's Blog:
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Link to Post: War of the Worlds
Rich and poor. Market Oracle really goes on a nice point by point rant here.
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And a bit of doom from Acting Man on FOMC:
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And a bit of doom from Acting Man on FOMC:
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A Bit of Good (non-monetary) News For A Sec.
Cancer breakthrough in research, University of Pennsylvania.
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Which will be useful in the future (Bad News Warning: Stop Now To Preserve Optimism):
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Which will be useful in the future (Bad News Warning: Stop Now To Preserve Optimism):
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Rioting in British Cities
In case you haven't been watching, the police shot another kid and everyone is setting stuff on fire. U.K. this time. Get on YouTube and see what the future holds.
Russia Today Video
More RT Video
Shop Looting on RT
RT Fire in Croydon
A Couple Pages by ABC
Russia Today Video
More RT Video
Shop Looting on RT
RT Fire in Croydon
A Couple Pages by ABC
Rioting In Madrid
Via YouTube:
How to have a protest about money...
LINK TO VIDEO
...be chased by representatives of monetary authority...
LINK TO VIDEO
...and get beat by them for your troubles.
LINK TO VIDEO
How to have a protest about money...
LINK TO VIDEO
...be chased by representatives of monetary authority...
LINK TO VIDEO
...and get beat by them for your troubles.
LINK TO VIDEO
Link to Post: A Good Overview
The BurningPlatform has this article which gives and overview of the US situation.
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Market Oracle has another good overview of the current US situation.
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Market Oracle has another good overview of the current US situation.
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Link to Blog: ZeroHedge: S&P Downgrades US Debt
Just had to copy this view of ZeroHedge into a post here, well worth seeing in my opinion. Go to ZeroHedge and see for yourself if you don't believe me. It's worth seeing the text under the first article link for their paraphrasing. Also, in the comments: "Circle the wagons fuckers, they're on to us!"
Joint Statement By The Fed, The FDIC, NCUA And OCC
Submitted by Tyler Durden on 08/05/2011 - 22:16 Presenting the joint statement by The Fed, the FDIC, NCUA, OCC. In essence: the Fed tells S&P to go fornicate itself. And for your corresponding pleasure, below are the media contact of note: Federal Reserve Susan Stawick (202) 452-2955; FDIC David Barr (202) 898-6992; NCUA David Small (703) 518-6336; OCC Bryan Hubbard (202) 874-5307And Just Because.... "Is There A Risk The US Could Lose Its AAA Rating?" Tim Geithner: "No Risk"
Submitted by Tyler Durden on 08/05/2011 - 20:49
Peter Barnes “Is there a risk that the United States could lose its AAA credit rating? Yes or no?”
Geithner’s response: “No risk of that.”
“No risk?” Barnes asked.
“No risk,” Geithner said.
Silver Looks Good Right Now
Silver (or Gold at ~1600) at ~38-39 is a good buy right now, might go down to 35 in the short term, but w/ S&P downgrade and inflation it should hold value well when no other asset class does. It is beginning to look like it will take both a large margin hike and a further equities collapse globally to bring silver down to 35 (a 6% loss that is very very likely to be short term.) Was at 50 not too long ago, a return to that level would be more than 20% in gains. Fundamentals indicate it should go to 50 again, at the least, may go crazy high because of a number of independently powerful forces (inflation, trade debt., energy demand, market disorder, political disorder, non-existent US manufacturing, fraud in PM markets, huge un-backed paper PM market, fraud in Govt. Econ. Numbers, international demand, limited supply (of course) and tradition as a store of wealth through chaotic times all will push silver and gold higher as things develop over time.) The recent dip in silver prices associated with the market dip presents a good opportunity to buy in, in my opinion. Buy 90% junk silver coins from somewhere like apmex.com and hide them. You will probably pay 1-3% in fees and delivery depending on amount and source. Sell in 20 years.
Link to Post: S&P Downdrades US Govt. Debt
Update 2: Washington's Overview: LINK TO POST
Update: Drudge Report spots the pdf: LINK TO PDF
Original: From Rueters: LINK TO POST
Update: Drudge Report spots the pdf: LINK TO PDF
Original: From Rueters: LINK TO POST
Link to Post: Fighting Over Scraps After the Con
DollarCollapse has this compilation of posts and some analysis on the old and young fighting for scraps of the monetary system.
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Link to Post: To Tighten or Not To Tighten or...There's a Reason Its Named The "Revolution" Today
Telegraph and Ambrose Evans-Pritchard have this bit on why monetary theory needs revising.
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Link to Post: The Future of Money
Here is a thoughtful blog post on the future of money at concen.org
Smart card or cell phone. Does it matter?
Private currencies.
And of course a bit about Fed Res evils.
LINK TO POST
Smart card or cell phone. Does it matter?
Private currencies.
And of course a bit about Fed Res evils.
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Link to Post: Money, What Should It Be?
Honest Money Looks at free gold and some of its real world analogs. I tend to think that FreeGold being a sovereign creation limits it somewhat. I believe a non-sovereign monetary system deserves consideration as well, but it is foregone here.
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Link to Post: Finally Sinking In?
DollarCollapse has this bit on the collapse of the dollar (and Greece), of course, of course...
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Link to Post: No Jobs From Small Business
Zerohedge spots this piece about why not to expect small business growth or jobs growth in the US.
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Link to Post: Now THAT Is Interesting
Washington's blog has this rather important bit about Bob Graham, co-chair of the 911 inquiry, saying the US government is and has been covering up 9/11 for the House of Saud who needed the event to maintain their existence, said to the Daily Beast. So basically what everyone knows is finally being acknowledged by members of the US government. I won't hold my breath for prompt resolution, revolution takes time and understanding.
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Link to Post: Sheila Bair
Naked Capitalism has some great Bair quotes and analysis. Here's the best quote.
"They would bring me in after they’d made their decision on what needed to be done, and without giving me any information they would say, ‘You have to do this or the system will go down.’ If I heard that once, I heard it a thousand times. ‘Citi is systemic, you have to do this.’ No analysis, no meaningful discussion."
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"They would bring me in after they’d made their decision on what needed to be done, and without giving me any information they would say, ‘You have to do this or the system will go down.’ If I heard that once, I heard it a thousand times. ‘Citi is systemic, you have to do this.’ No analysis, no meaningful discussion."
LINK TO POST
Link to Post: China's Currency
Fiat? Yep.
High likelihood that they have used loose internal currency issuance to encourage growth while excluding outsiders from interacting with their currency system? Yep.
I have personally been to China and heard that this is the case? Yep.
This is the same as the US debt problems? Not even close, there are similarities, but the systems themselves are very different is scale, scope, function, and in their relationships to each other.
NakedEmpire covers some of this idea in a posting.
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High likelihood that they have used loose internal currency issuance to encourage growth while excluding outsiders from interacting with their currency system? Yep.
I have personally been to China and heard that this is the case? Yep.
This is the same as the US debt problems? Not even close, there are similarities, but the systems themselves are very different is scale, scope, function, and in their relationships to each other.
NakedEmpire covers some of this idea in a posting.
LINK TO POST
Link to Video: Peter Schiff on Euro Discontent
DollarCollapse spots this video of rioting in Greece. It is a FOX clip so watch or not at your own discretion. He does a good job of explaining interest rates and debt payments, but not a whole lot else.
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LINK TO VIDEO
Link to Post: Euro and FreeGold vs Dollar
Ye Olde Blogge writes about the practical nature of freegold. Hint: The ECB has been selling a lot of gold.
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LINK TO CHARTS
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LINK TO CHARTS
Link to Post: Unemployment
I figure with everyone doing an unemployment link or article today, I would do one of my rare links to Alex Jones at Prison Planet, he's got some good numbers for this one.
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Link to Post: Why a Second Crash is Already Baked In
Other than the shrinking energy per person, there are some factors out there which also indicate a second market crash. Nake Empire spots this from Market Watch.
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Link to Post: Malaysian Rioting
Naked Empire spots this video of rioting in Malaysia.
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And more of the same riot from youtube.
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And more of the same riot from youtube.
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Link to Post: Food
Market Oracle says put grain, salt, beans, and rice in buckets with oxygen and moisture absorbers. I wonder what that says about money. (i paraphrase a little bit there...use 5 gallon buckets and mylar.)
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The WilliamBanzai7 Blog
I added The WilliamBanzai7 Blog to my many home pages that firefox loads. Modern art, and I like it, very nice, like Gogol Bordello. Also topical to moneatry collapse, 90% of the time at least. Check it out:
LINK TO ART
LINK TO ART
Link to Post: Eric Sprott - Paper Markets Are A Joke: Prepare for Bullion Prices to Go Supernova
Zerohedge leads me to Chris Masterson posting on Eric Sprott's comment which preaches as I do that paper PM is a sham, and that the value of physical will increase greatly as this becomes clear to everyone.
LINK TO PORT
LINK TO PORT
Link to Post: God Damned
God damned Drudge report spotted these two stories:
US Debt increased more under Geithner than under any other Treasury secretary in US history. (Though, that statement does simplify the nature of monetary matters somewhat via its assumptions.)
And now, on top of this, and all his other failings (see "TurboTax Timmie" (at about 2:10 should do the trick)), he is a quitter.
God damned Tim Geithner.
US Debt increased more under Geithner than under any other Treasury secretary in US history. (Though, that statement does simplify the nature of monetary matters somewhat via its assumptions.)
And now, on top of this, and all his other failings (see "TurboTax Timmie" (at about 2:10 should do the trick)), he is a quitter.
God damned Tim Geithner.
Link to Post: Interest Rates Must Rise Globally -BIS
The Capitol Research Institute spots this way overdue analysis by the BIS. They don't take kindly to it.
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Link to Post: The Road to Hell: Fraudulent Monetary System
Jesse's Cafe Americain compares the current unemployment chart to some past experiences.
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Link to Post: "Unforgiven"
The Burning Platform continues it's western movie themed criticism. Definitely worth reading them all.
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Link to Post: Revolution Can Be Fun
Disinfo has this bit on transparency based revolution. They dumped AZ police files into the public sphere. Go LULZSEC!!!
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Link to Post: FOFOA on Bitcoins
FOFOA seems to find bit coins interesting but criticizes them in a number of ways. Conclusion: preference for gold over bitcoins. Digital currency is also looked at as possibly having a place in a freegold system. This is a link to part three in the bitcoin open forum at FOFOA, go read them all.
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Link to Post: Listing Black Holes
Dollarcollapse.com has a list of monetary black holes into which the current paradigm may be sucked.
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Link to Post: Criticism of Bernanke
Washington's Blog does a bit of Bernanke analysis. And concludes that he should be fired, I think GW lets him off light.
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Link to Post: Currency Evolution
Not sure I agree completely with Ye Olde Blogge here, but it is interesting, have a look. Covers golds relation to currencies over the last hundred years or so in a series of simple slides.
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Link to Post: Bitcoins - "Senators Seek Crackdown"
Survivalblog spots this bit on Bitcoins at Yahoo Finance which serves as a good follow up to my muddled introduction from the earlier post. The senators are obviously up to speed and on the cutting edge of where to buy drugs in bulk anonymously. If only they pushed the envelope of monetary theory as well as they do the drugs.
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Link to Post: "QE3 - Just a Matter of Time"
Saw this at Zerohedge and had to post it along with the music it made me think of:
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LINK TO READING MUSIC
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LINK TO READING MUSIC
Link to Post: Turd's Views on the Future
The Turd writes the Along the Watchtower blog which is a popular spot for analysis of gold and silver. Here he expresses his views for the future in relation to gold and silver. Short, simple, sweet turd.
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Link to Post: Older FOFOA post on GLD
Along the Watchtower linked back to an older FOFOA post about "Who is Draining GLD?" which I believe you should go back and read. I tells of physical redemptions from ETFs and the effect that has on the physical market.
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Link to Revolution
Revolution!!! In Greece spotted by ZH, at Press TV. Protesters occupied the finance ministry.
LINK TO REVOLUTION
LINK TO REVOLUTION
Bitcoins and Ripple Pay
Here's a bit of modern monetary revolution/evolution for you all. Bitcoins, an internet currency. I have seen a few stories on this in the past, but it seems like it has become a major means of exchange and it's wildly different methodology deserves a closer examination (more so than I'm going to give it here, I need to do some more reading). I am still on a Ripple Pay mailing list and have seen some similar ideas put forward. Essentially the idea is that everyone is their own bank who create their own currency and have their own trust relationships which link them into various networks for the purpose of exchanges. These exchanges give the currency its value. Bitcoins seem similiar, except the currency is not individually issued, rather it is algorithm limited and created independently of the users. Bitcoins and Ripple Pay both allow for some level of anonymity. Bitcoins is much farther along in its practical implementation, actually being used in a large number of exchanges of significant value (energy).
Ripple Pay and Bitcoins are definitely ideas any self respecting monetary revolutionist should investigate.
Here are a couple recent stories:
"The Currency That's Up 200,000%" -smartmoney.com
Silk Road -disinfo.com (the drugs angle is about as far as most media outlets go when covering bitcoins)
The first google return for "bitcoins" tells you how to use your browser to go get some, mind you though that "mining" for bitcoins should probably not be undertaken lightly.
As a matter of fact, go look at the google returns for "bitcoin." It is pretty wild to see so much interest in this, bottlenecks encourage evolution I guess.
The Bitcoin Wiki is full of all sorts of interesting info.
Ripple Pay and Bitcoins are definitely ideas any self respecting monetary revolutionist should investigate.
Here are a couple recent stories:
"The Currency That's Up 200,000%" -smartmoney.com
Silk Road -disinfo.com (the drugs angle is about as far as most media outlets go when covering bitcoins)
The first google return for "bitcoins" tells you how to use your browser to go get some, mind you though that "mining" for bitcoins should probably not be undertaken lightly.
As a matter of fact, go look at the google returns for "bitcoin." It is pretty wild to see so much interest in this, bottlenecks encourage evolution I guess.
The Bitcoin Wiki is full of all sorts of interesting info.
Link to Picture: "Postcards From Greece"
Zerohedge has this image from Greece that they would like to share with everyone. Revolution.
LINK TO PICTURE
LINK TO PICTURE
Link to Post: Great Great Depression
Washington's Blog hits on Yastrow's CNBC comment, but more importantly gives a great summary of the situation confronting the current monetary theory.
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Link to Post: Who Benefits: 'The Federal Reserve Cartel: The Eight Families'
Naked Empire spots this bit on GlobalResearch. Some get to suffer while others get to own the energy behind the money, and most everything else as well. Thus a popular revolution in the monetary system is going to go against the interests of these organizations and their beneficiaries.
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Link to Post: Silver Bullion
ZH spots this bit from Gold Core on silver bullion. The future for silver bullion looks good, of course. Simple physics really.
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Link to Post: Anonymous vs IMF
Zerohedge spots this Anonymous release. They intend to DDoS imf.org, and like ZH says at least someone is doing something in the general direction of the primary problem. That problem of course being the current form of money, and its supporting theory.
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Link to Post: Silver in May
Along the Watchtower does a nice concise wrap up of silver factors during may's sudden drop and some on what to expect for the future. CME's COMEX is in trouble.
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Link to Post: Belarus Freezes Food Prices
As long as we are going to follow Belarus, here' is the next bit in the saga, again via Zero Hedge.
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Link to Post: Revolution no. 2
Revolution, from Zero Hedge, with video from Egypt, and IMF loans.
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Zero hedge also spots this bit about Spain's revolution no. 1
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Yet again, revolution, and police being themselves. Thanks ZH!
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And more of the same from Raw Story.
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(Memorial Day Update) Thomas Jefferson's take on this would be most interesting indeed. Thanks Alternet.
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And this bit about filming the police and government facilities. Everybody knows they beat you to the ground for that now right?! FREEDOM!!! A good video on freedom of speech by disinfo.com
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Zero hedge also spots this bit about Spain's revolution no. 1
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Yet again, revolution, and police being themselves. Thanks ZH!
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And more of the same from Raw Story.
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(Memorial Day Update) Thomas Jefferson's take on this would be most interesting indeed. Thanks Alternet.
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And this bit about filming the police and government facilities. Everybody knows they beat you to the ground for that now right?! FREEDOM!!! A good video on freedom of speech by disinfo.com
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Link to Post: Belarus
Zero Hedge offers an overview of Belarus's currency devaluation and some of the forces at work in the collapsing monetary system.
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Link to Post: A Short History of Energy and Money
A good friend of mine sent me a link to this article by Dean Henderson which covers some of the origins of the four big oil companies in an attempt to hunt "perps." I think it ties in nicely with my bit about googling: "energy is money" so I am linking it here.
LINK TO ARTICLE: "The Four Horsemen Behind the Oil Wars"
LINK TO ARTICLE: "The Four Horsemen Behind the Oil Wars"
Link to Post: Zero Hedge: "Contrary to French Misinformation, Bric Block and South Africa Demands Non European IMF Head"
Zero Hedge spots this funny bit of affirmation about BRIC wishes for a non Euro head for the IMF.
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Googling "Energy is Money"
Back in April 2006 I was doing some stream of consciousness creative type writing and I put down on my myspace blog "Dollars are currency, all nations use some form of currency, currency is symbolic for work done, it represents the energy used to make or provide something of value and can be returned for an object of similar value later in time." (along with quite a lot of other drivel before and after) I knew quite a bit less back then. That "currency is symbolic[representative] for work done" stuck with me. I understood "work" to be a physics term. Work requires energy. Currency should be money for a number of reasons. Thus money is representative of energy; and I have been stuck in about that same spot ever since.
It is weird that when you Google “energy is money” all you get is a bunch of cocaine fueled 80’s and 90's clap trap about spiritual energy and using it to make you money. I’m talking petro-dollars here! The energy it takes to mine gold god damnit! Labor is energy! Where is my debt money = work to be done = energy in the future? Where is gold = word already done = energy of the past? You people are woefully misled.
It is weird that when you Google “energy is money” all you get is a bunch of cocaine fueled 80’s and 90's clap trap about spiritual energy and using it to make you money. I’m talking petro-dollars here! The energy it takes to mine gold god damnit! Labor is energy! Where is my debt money = work to be done = energy in the future? Where is gold = word already done = energy of the past? You people are woefully misled.
Money is energy in a way that many people are failing to understand in a very basic way. Take the petro-dollar example. Or fiat dollars being an easily exchangeable note for work to be done. Or gold being easily exchangeable work already done. What energy do you expend to acquire money? Do you use money to save energy? Do you take more than you give? Do you give more than you take? There's some fucking spiritual energy for you. Fuck you, there's some more energy. Enjoy. Money is at its essence not simply a medium of trade or a representation of value, it is a representation of energy. Value is the subjective version of monetary theory. Energy is the objective version of monetary theory. Energy gives money its value. The nature of money is determined by the energy behind it, the energy the money represents.
Certainty of exchange is determined by the nature of the energy being represented. For example: The USD is based in energy to be claimed in the future, meaning that dollars are in themselves worthless as a seemingly true fiat currency, and they would have been declared worthless years ago if they were not exchangeable for oil to the near total exclusion of all other currencies for over half a century, thus the USD's wildly high value/energy is bestowed by our dominance of the money supply that is representing global oil trade which was secured during and after world war II (Was this an efficient use of energy by the US? Maybe spiritual energy or at least moral, does have a place in monetary theory?). Thus the USD is still backed by energy to be claimed in the future hybridized with energy claimed as backing for the currency by sticking a big military base on top of oil then printing money that is the only money that can buy the oil under the base, simple. At least it was, it seems to be getting more complicated lately, our dominance of the energy supply is waning and so is our currency (as they are essentially the same thing), this calls into question future exchangability of USDs as it represents a lesser amount of energy than before. The exchangability of gold is very certain by comparison as the energy represented by gold, is the gold itself, it is the energy that was required to make the gold and who doesn't want gold? As a matter of fact that is about the only thing that would completely devalue gold is if everyone saw it as being without any value, sounds ludicrous doesn't it. Now listen to this reworking: 'As a matter of fact the only thing that would completely devalue the USD is if everyone saw it as being without any value.' See how the USD devaluation seems like a more real possibility. Why is that? The energy represented by the money, that's why.
Prior to the aforementioned US oil claiming, and prior to the debasement of gold backed paper, gold was money, money/gold was energy already expended. The energy gold represents is the energy involved in extracting, purifying, decorative styling, and proofing. Gold does not rely on a future supply of energy to have value.
Aside: If anyone has anything good for me to read on this subject of "money is energy" I want it, I haven't found anything directly on point yet, see the google search. I found THIS at Harry Seldon's Blog, but I'm looking for something much more scholarly and with much more depth. Then there's THIS at Mises which I'm not even sure if it is topical to my thoughts here, I'll have to read the next one.
I am aware of energy per person as a direct measure of human development/quality of life, this leads me to believe that money is more about energy than anything else. That is probably why "Money is 'Power.''' I want to know more about this.
And of course with other means of exchange opening up (either currency, or commodity) for oil based energy exchange the USD has been loosing value because it lost its exclusivity which made it exceptionally valuable.
And I am thinking objective energy based monetary theory will be more essential to developing the world through understanding than will understanding subjective interpretations of the value of things as a primary theory. Don't get me wrong subjective value theory has a part to play, but it is a smaller part of a theory which considers money to be exchangable energy. Energy is an objective measure of work, value which is a subjective measure of want is encompassed in "money is energy" theory because the things you want require a measurable amount of energy to achieve. Example: Sometimes people really want tulips, driving up the energy it takes to get one. The wild swings in the subjective value of tulips doesn't really significantly change the energy required to continue to produce tulips via a working tulip production, it does alter the energy required to start a tulip production however, because the tulips required to start out are affected by subjective value changes, those value changes are subjective in that it is peoples' want for tulips that is determining value, the increased energy (or representations of energy) people are willing to trade for tulips is objectively measurable. People are trading energy for energy here. The energy to make the tulips is traded for the energy to get the money which is backed by some form of energy to buy the tulips. So people do not always exchange energy equally as some might think they would try to through a currency directly representing energies, as a matter of fact often there are grossly unequal exchanges as a means of converting from one sort of energy to another because of want. (Did not Buddha say some thing like want leads to suffering? Maybe suffering is an unequal exchange of energies? Never mind that, but you see what I mean about running into trouble with developing this topic.) Want leads to the unequal expenditure of energy in transactions, however this is irrelevant to the physics of the situation, energy is the basis of the entire exchange, money is representative of energy to all parties to the transaction, all parties in the transaction expend energy to acquire money because they want something which requires exchangable energy, money, to get or give to make an transaction or an exchange of various energies.
Also, my google search for "Money is Energy" turned up lots of stuff about how energy efficient appliance will save you money, and maybe, at this point, those search results will be sort of humorous to the readers of my tripe.
Certainty of exchange is determined by the nature of the energy being represented. For example: The USD is based in energy to be claimed in the future, meaning that dollars are in themselves worthless as a seemingly true fiat currency, and they would have been declared worthless years ago if they were not exchangeable for oil to the near total exclusion of all other currencies for over half a century, thus the USD's wildly high value/energy is bestowed by our dominance of the money supply that is representing global oil trade which was secured during and after world war II (Was this an efficient use of energy by the US? Maybe spiritual energy or at least moral, does have a place in monetary theory?). Thus the USD is still backed by energy to be claimed in the future hybridized with energy claimed as backing for the currency by sticking a big military base on top of oil then printing money that is the only money that can buy the oil under the base, simple. At least it was, it seems to be getting more complicated lately, our dominance of the energy supply is waning and so is our currency (as they are essentially the same thing), this calls into question future exchangability of USDs as it represents a lesser amount of energy than before. The exchangability of gold is very certain by comparison as the energy represented by gold, is the gold itself, it is the energy that was required to make the gold and who doesn't want gold? As a matter of fact that is about the only thing that would completely devalue gold is if everyone saw it as being without any value, sounds ludicrous doesn't it. Now listen to this reworking: 'As a matter of fact the only thing that would completely devalue the USD is if everyone saw it as being without any value.' See how the USD devaluation seems like a more real possibility. Why is that? The energy represented by the money, that's why.
Prior to the aforementioned US oil claiming, and prior to the debasement of gold backed paper, gold was money, money/gold was energy already expended. The energy gold represents is the energy involved in extracting, purifying, decorative styling, and proofing. Gold does not rely on a future supply of energy to have value.
Aside: If anyone has anything good for me to read on this subject of "money is energy" I want it, I haven't found anything directly on point yet, see the google search. I found THIS at Harry Seldon's Blog, but I'm looking for something much more scholarly and with much more depth. Then there's THIS at Mises which I'm not even sure if it is topical to my thoughts here, I'll have to read the next one.
I am aware of energy per person as a direct measure of human development/quality of life, this leads me to believe that money is more about energy than anything else. That is probably why "Money is 'Power.''' I want to know more about this.
And of course with other means of exchange opening up (either currency, or commodity) for oil based energy exchange the USD has been loosing value because it lost its exclusivity which made it exceptionally valuable.
And I am thinking objective energy based monetary theory will be more essential to developing the world through understanding than will understanding subjective interpretations of the value of things as a primary theory. Don't get me wrong subjective value theory has a part to play, but it is a smaller part of a theory which considers money to be exchangable energy. Energy is an objective measure of work, value which is a subjective measure of want is encompassed in "money is energy" theory because the things you want require a measurable amount of energy to achieve. Example: Sometimes people really want tulips, driving up the energy it takes to get one. The wild swings in the subjective value of tulips doesn't really significantly change the energy required to continue to produce tulips via a working tulip production, it does alter the energy required to start a tulip production however, because the tulips required to start out are affected by subjective value changes, those value changes are subjective in that it is peoples' want for tulips that is determining value, the increased energy (or representations of energy) people are willing to trade for tulips is objectively measurable. People are trading energy for energy here. The energy to make the tulips is traded for the energy to get the money which is backed by some form of energy to buy the tulips. So people do not always exchange energy equally as some might think they would try to through a currency directly representing energies, as a matter of fact often there are grossly unequal exchanges as a means of converting from one sort of energy to another because of want. (Did not Buddha say some thing like want leads to suffering? Maybe suffering is an unequal exchange of energies? Never mind that, but you see what I mean about running into trouble with developing this topic.) Want leads to the unequal expenditure of energy in transactions, however this is irrelevant to the physics of the situation, energy is the basis of the entire exchange, money is representative of energy to all parties to the transaction, all parties in the transaction expend energy to acquire money because they want something which requires exchangable energy, money, to get or give to make an transaction or an exchange of various energies.
Also, my google search for "Money is Energy" turned up lots of stuff about how energy efficient appliance will save you money, and maybe, at this point, those search results will be sort of humorous to the readers of my tripe.
Link to Post: FOFOA Deflation or Hyperinflation
Which one is the right one?
LINK TO POST
A Must Read
Music by: Brian Jonestown Massacre - It Girl
And if that level of thanking god for mental illness is a bit much for you: Canned Heat - Hot Money - "Doing God's work." -Blankfein
LINK TO POST
A Must Read
Music by: Brian Jonestown Massacre - It Girl
And if that level of thanking god for mental illness is a bit much for you: Canned Heat - Hot Money - "Doing God's work." -Blankfein
Link to Post: China and energy is real money
Who knew? Apparently the Kazakhs did! The Honest Money blog aggregates and interprets these bits about China's currency following the "freegold" model which results in Kazakhs getting hard money for their energy. Our soon to be valueless soft currency is also probably being exchanged for hard money (gold and silver) in energy markets such as this. As this comes to pass we are ignorant of what should be obvious physics because of bad paper PMs which do not correlate to supply and demand. Our system amounts to the conniving theft of energy.
Money = Energy
Energy = Gold (energy expended to condense value) and Oil (energy to be expended as value)
Money = Gold and Oil
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Money = Energy
Energy = Gold (energy expended to condense value) and Oil (energy to be expended as value)
Money = Gold and Oil
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Link to Post: Physical
Zerohedge spots this info from the world gold counsel, a biased source presenting government numbers, sigh, aren't we all. Also, a post about certainty in PM prices from All Along the Watchtower.
LINK TO POST ABOUT PHYSICAL PMs!!!
LINK TO POST ABOUT CERTAINTY
LINK TO POST ABOUT PHYSICAL PMs!!!
LINK TO POST ABOUT CERTAINTY
Another Chance to Buy Silver
It is down around 36 USD again. Volatility for a while to come too I'll bet. BUY, BUY, BUY.
FOFOA
Here is a link to FOFOA's current Open Forum. "FOFOA: A Tribute to the Thoughts of Another and his Friend" is one of the best blogs out there concerning the future of money. "Free gold" is the most intelligent thing I have heard about what comes next (the Amero and SDR are bad jokes of history), and FOFOA is a big proponent of it. This should be on everyone's daily reading list.
FOFOA MAIN PAGE
FOFOA MAIN PAGE
Link to Post: US Debt is Bad
Market Oracle relates to us that the US debt levels have become much higher than they were in 2000, this is bad. They have some ideas. I think it is great that John Mauldin wants to help fix the debt issues with smaller government and less obligations. However, I believe that we must first tackle and burn the current failing monetary system, so I'm just going to LINK THIS, thanks be to Meat Loaf.
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Link to Post: "Cracks Starting to Show?" ...In the US Monetary System.
The Capitol Research Institute debates Michael Pettis, a Finance Professor, and writer for Financial Times about the demise of the US dollar.
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Link to Post: "Bin Bernanke"
Writing on Zerohedge, GeorgeWashington lays out the ties between terrorism, the dollar, wars, Osama, Obama, Bush, our floated financial system, and "Bin Bernanke."
The money has gone bad!
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The money has gone bad!
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Link to Post: No Jobs
No jobs, no recovery, not to mention a lost generation or two.
Want a job now? Zerohedge says get a job at McDonalds! Includes chart of BLS data on people not in labor force who want a job now.
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Want a job now? Zerohedge says get a job at McDonalds! Includes chart of BLS data on people not in labor force who want a job now.
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Link to Post: "Absolutely nothing has changed regarding the fundamentals driving the gold and silver markets..."
Zerohedge again, is there anything they can't do?
BUY SILVER NOW
LINK TO POST: CHINA BUYING SILVER OVERNIGHT
BUY SILVER NOW
LINK TO POST: CHINA BUYING SILVER OVERNIGHT
Link to Post: Goldman Sees Oil Returning to Recent Highs
Thanks go to Zerohedge, all praise be upon them!
Recent moves are not based in changes to the long term supply and demand issues.
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Recent moves are not based in changes to the long term supply and demand issues.
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Jesse's Café Américain Spots "Interesting Theory"
"CME margin increases", "paper silver", silver "snap back rally", I said it was interesting did I not? Go read it.
LINK TO INTERESTING THEORY
LINK TO INTERESTING THEORY
Link to Book Review
Dollarcollapse.com did a book review of Chris Martenson's Crash Course that makes me really want to pick up the book, I am not sure if that's post worthy, but the description of the book and the short review made me back up and take a wide view, and though it's probably familiar to everyone by now I thought I would share some more of the same.
Stating things simply
The Telegraph has an interesting bit up:
http://www.telegraph.co.uk/finance/economics/8492078/How-the-Fed-triggered-the-Arab-Spring-uprisings-in-two-easy-graphs.html
I decide to criticize them some and ramble a bit.
http://www.telegraph.co.uk/
I decide to criticize them some and ramble a bit.
The Parabolic Twitch: 1500, 74, and 47?
Things curving in a familiar, calculousy, sort of way.
Gold has passed 1500 and on a longish (5 years or so will do, but more does not hurt) time-line its gains are going parabolic in terms of USD.
The USD Index (DX) has taken a decided twitch downwards lately trying to cross 74, and actually doing so by 0.02 on Friday.
Silver is at 46.5, 47.5? It is apparently debatable. Sign of the times? Following the shape of gold? More like leading the way, at least intellectually.
Seems like about the right time for everything to accelerate in those directions. Interest rate pandering is unlikely to influence nuanced reality as much as might be hoped by those responsible for it. These are not the only places where this parabolic action is going on, from Dollarcollapse.com "Inflation Watch: They are Capitulating".
Gold has passed 1500 and on a longish (5 years or so will do, but more does not hurt) time-line its gains are going parabolic in terms of USD.
The USD Index (DX) has taken a decided twitch downwards lately trying to cross 74, and actually doing so by 0.02 on Friday.
Silver is at 46.5, 47.5? It is apparently debatable. Sign of the times? Following the shape of gold? More like leading the way, at least intellectually.
Seems like about the right time for everything to accelerate in those directions. Interest rate pandering is unlikely to influence nuanced reality as much as might be hoped by those responsible for it. These are not the only places where this parabolic action is going on, from Dollarcollapse.com "Inflation Watch: They are Capitulating".
Link to Post: Deflation or Hyperinflation
FOFOA continues his debate/education of Rick from Rick's Picks question of "why not deflation?" This is a large very comprehensive post. You should try to read it all. It is also a very good overview of the many forces at work under the surfaces of monetary opacity. He comes to the same conclusion about our monetary system that I have: Hyperinflation.
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"Beware Chinese buying gold."
Obviously, the physics of the global monetary system have been pushing the Chinese to buy lots of gold, and eventually to use the USD to buy as much of everything before the USD monetary system collapses and has been this way for quite a while now. I said "Beware Chinese buying gold." half a decade ago, but Casey Research came up with this so much more detailed and animated restatement. Zero Hedge spotted this, they spot a lot of things.
LINK TO VIDEO
LINK TO VIDEO
Link to Post: "Our Only Hope: You"
The Along the Watchtower blog put up a great bit on Thomas Jefferson, cronyism in media, the creation of bogeymen, the price of oil, and the decline of the dollar. All in very little space, very much worth browsing over there.
LINK TO POST
LINK TO POST
Link to Post: Why Physical and not ETF's?
In case you have not be paying attention to the possibility that most Silver ETF's fail to hold an appropriate amount of physical silver, here is a bit of a summary and some of the latest news. Is COMEX complicit in this fraud? Most probably.
LINK TO POST
LINK TO POST
Link to Post: More on Ben's QE easing box as it is related to the oil price.
It's all pretty simple when you get right down to it. Either the price of oil goes up causing an end to our society's grand greedy momentum, or the wealth effect of inflation ends along with all of our societies reliance on the forward momentum it created. One way or another this is going to be a grand ending/new beginning for the monetary system the US has tried to spread around the globe, expect utter chaos.
LINK TO POST
LINK TO POST
Link to Chart: You can not have a monetary collapse without a collapsing currency.
Jesse's Cafe Americain put this chart of the USD up a bit ago and I figured it fit the theme so I am posting a link to it here. I would not go so far as to call it "very long term," but it makes a good point. "Batten the hatches, stash the wenches, fornicate your gold, walk the capitalists off the starboard plank and the socialists off the port tis to be a volitle ride matey! Sanction your sovereign or have it done for you."
LINK TO CHART
LINK TO CHART
Link to Page: Charting the Basics
This page has some very basic, very important charts for understanding your place in time and the relative conditions in it. It was put together by USA Gold, the website housing the writings of Another and FOA, on which the blog of FOFOA is based (all good reads). They indicate, of course, that we are in unprecedented times and massive change is assured. This is a MUST SEE if you feel vague about the situation, even if you know your numbers, it is worth reviewing and then meditating on again.
LINK TO PAGE
LINK TO PAGE
Link to Post: Zero Hedge Guest Post: Bernanke's QE^X Box
There have been a lot of articles lately on how Bernanke will decide on the issue of extending QE. Gordon T. Long, of Tipping Points, goes above and beyond in explaining that Bernanke is constrained from a variety of angles, forcing him down a middle path, though a middle path which still screws everyone except the very top of plutocratic high society. Interest rates and the value of the dollar are at odds, to save one destroys the other and results in inflation or requires a near impossible monetary contraction. Additionally, it also goes on to say that Bernanke will be as vague as possible at the end of month press release while attempting to head fake higher interest rates while planning more QE, which I agree will be his method. The cake is already baked, everyone gets a bite.
LINK TO ARTICLE
LINK TO ARTICLE
Silver vs Gold
Statement:
In short: Silver is a better investment than gold for a number of reasons that end up being unimportant because of the nature of the inflation we face. Silver and gold are both great investments presently, as well as being excellent stores of value. Gold is going to cost more U.S. dollars to purchase in the future. If you want to have more USD in the coming weeks, months, and years, then buy silver now and sell it later. If you want to avoid the value loss associated with holding USD then buy silver and gold. Additionally, if you would like to preserve value in the face of a discredited (no pun intended) collapsing world reserve fiat currency which is causing havoc everywhere silver will do that too!
In short: Silver is a better investment than gold for a number of reasons that end up being unimportant because of the nature of the inflation we face. Silver and gold are both great investments presently, as well as being excellent stores of value. Gold is going to cost more U.S. dollars to purchase in the future. If you want to have more USD in the coming weeks, months, and years, then buy silver now and sell it later. If you want to avoid the value loss associated with holding USD then buy silver and gold. Additionally, if you would like to preserve value in the face of a discredited (no pun intended) collapsing world reserve fiat currency which is causing havoc everywhere silver will do that too!
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