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The federal reserve has clearly stated inflation is not a concern.
Gold needs inflation for a sustained price increase. You can have temporary jumps in price caused by world events, but the trend is clearly down. The only way I see that trend getting reversed is with another $4 trillion increase in money supply.
gold does well against currencies that lose value via debasement due to an increase in their number.
How would you explain a 35% drop in gold price from the peak, when $4trillion in added currency is still floating around?
How would you explain a 35% drop in gold price from the peak, when $4trillion in added currency is still floating around?
Here is a decent explanation as to how the bullion banks hold down the price of gold and silver
http://www.paulcraigroberts.org/2014/01/17/hows-whys-gold-price-manipulation/
Here is what the German regulators have to say about it "WORSE THAN LIBOR RIGGING": http://www.bloomberg.com/news/2014-01-16/metals-currency-rigging-worse-than-libor-bafin-s-koenig-says.html
Why are economic conservatives(ie me) consistently derided as being unintelligent when its the economic socialists who can't learn simple lessons from parables and satire?
They control the universities and a large amount of political and bureaucratic offices- their livings depend upon defending government spending and intervention by people like themselves who claim to know best
What amazes me are the increased number of sub-prime new car loans. Wonder how long it will take before they become repo cars?
What amazes me are the increased number of sub-prime new car loans. Wonder how long it will take before they become repo cars?
It is amazing, car dealers will sell/loan to anyone
What amazes me are the increased number of sub-prime new car loans. Wonder how long it will take before they become repo cars?
Yes, but the Fed buys up soured auto loan securities, and problem solved.
Yes, but the Fed buys up soured auto loan securities, and problem solved.
and that is how they buy a recovery with money printed out of thin air.
Why are economic conservatives(ie me) consistently derided as being unintelligent when its the economic socialists who can't learn simple lessons from parables and satire?
They control the universities and a large amount of political and bureaucratic offices- their livings depend upon defending government spending and intervention by people like themselves WHO CLAIM THEY KNOW BEST
....5 Facts that will annoy your Keynesian economics professor
http://speaklibertynow.com/2012/05/25/5-facts-annoy-keynesian-economics-professor/
AF- I deleted your last post because it contained overt profanity.
I enjoy your off color humor and insights but had to respectfully delete it.
Yes, but the Fed buys up soured auto loan securities, and problem solved.
and that is how they buy a recovery with money printed out of thin air.
And that is how you keep a "recovery" going while the country continues to sink.
Ha Ha.... I think he'll just ignore them...
or change them and put them in a chart
And that is how you keep a "recovery" going while the country continues to sink.
while you keep telling everyone it's ok, it's just a touch of bad weather and a few holidays
And that is how you keep a "recovery" going while the country continues to sink.
while you keep telling everyone it's ok, it's just a touch of bad weather and a few holidays
When all else fails, blame the weather.
And that is how you keep a "recovery" going while the country continues to sink.
while you keep telling everyone it's ok, it's just a touch of bad weather and a few holidays
How long can it continue?
And that is how you keep a "recovery" going while the country continues to sink.
while you keep telling everyone it's ok, it's just a touch of bad weather and a few holidays
How long can it continue?
Summer's coming, we can blame the heat.
How long can it continue?
It has already lasted longer than I thought it would. They are very clever. If they announced in 2009 that they were going to print $4 trillion and still be printing in mid 2014 the dollar would have collapsed.
How long can it continue?
It has already lasted longer than I thought it would. They are very clever. If they announced in 2009 that they were going to print $4 trillion and still be printing in mid 2014 the dollar would have collapsed.
The Fed cannot go bankrupt, can it?
Not if it can bailout itself!
There are limits to that. Once the rest of the world gets wise to the FED shenanigans that will be it. It is all about confidence.
In our lifetimes we have seen this happen to the USSR and Argentina.
No country has ever survived fiat money.
Not if it can bailout itself!
There are limits to that
of course, it can technically avoid bankruptcy but render itself irrelevant in the process
Here is a decent explanation as to how the bullion banks hold down the price of gold and silver
That is a long and complicated read, but I still have to say that we are in a deflationary period that is the driving force.
Here is what the German regulators have to say about it "WORSE THAN LIBOR RIGGING"
Funny considering that the Germans are the main benefactors from the EU. Do you think shorting the Deutsche Bank is smart?
Funny considering that the Germans are the main benefactors from the EU. Do you think shorting the Deutsche Bank is smart?
Lots of strange things going on with Germany.
There are rumors that DB is illiquid.
More intriguing is that Germany's request to have their gold repatriated has gone unfulfilled and they haven't complained.
America The Shrunken
http://mobile.nytimes.com/2014/05/04/opinion/sunday/bruni-america-the-shrunken.html?_r=0&referrer=
I had access to more education and opportunities then my parents had. My children have more opportunities and access to education then I had. I tell my children how lucky they are, and the hardships we had to go through.
My first job as a teen during Xmas was 2 hours 45 min. one way. I was glad to have it
I had access to more education and opportunities then my parents had. My children have more opportunities and access to education then I had. I tell my children how lucky they are, and the hardships we had to go through.
My first job as a teen during Xmas was 2 hours 45 min. one way. I was glad to have it
It varies but a college education costs more today and returns less
In our lifetimes we have seen this happen to the USSR and Argentina.
No country has ever survived fiat money.
Only problem is that all the major pairs: USD, Pound Sterling, Euro, & Yen forming most of the foreign exchanges, are fiat.
Thus, aside from PMs, there is no other place aside from mass devaluation of everyone.
Thus, aside from PMs, there is no other place aside from mass devaluation of everyone.
That is true and even if you find a currency that is relatively sound even though fiat- like the Norwegian kroine or swiss fran you can bet that won't last as they won't want to be at an export disadvantage so they will devalue their own currencies to get in line with the others.
In that race only hard assets win. (PM's, commodities)
Thus, aside from PMs, there is no other place aside from mass devaluation of everyone.
One mitigating factor is deflation, despite the FED's best efforts demographics and technology have forced deflation.
But at some point there will have to be a reconciliation.
I had access to more education and opportunities then my parents had. My children have more opportunities and access to education then I had. I tell my children how lucky they are, and the hardships we had to go through.
My first job as a teen during Xmas was 2 hours 45 min. one way. I was glad to have it
It varies but a college education costs more today and returns less
Check this out:
http://www.cnbc.com/id/101642878
Check this out:
http://www.cnbc.com/id/101642878
Thanks a Fed pump as they want the borrowing to continue
How would you explain a 35% drop in gold price from the peak, when $4trillion in added currency is still floating around?
Here is a decent explanation as to how the bullion banks hold down the price of gold and silver
http://www.paulcraigroberts.org/2014/01/17/hows-whys-gold-price-manipulation/
Here is what the German regulators have to say about it "WORSE THAN LIBOR RIGGING": http://www.bloomberg.com/news/2014-01-16/metals-currency-rigging-worse-than-libor-bafin-s-koenig-says.html
More: Banks Sued on Gold Price Fixing
More: Banks Sued on Gold Price Fixing
Those so called price fixes were merely designed to follow the market in a non computer era. Today, the futures are traded virtually 24 hours a day, with such a huge market that manipulating the price of gold by any one entity, for a length of time is impossible.
Also the price of gold went up to $2,000. Was that manipulation? Now, it has declined by 35%. Those oily, greasy bankers in their pinstripes can't determine anything. They get paid to do shit.
Add to that Moores law and tech gives us computers in everything, fracking and cheaper energy.
The only reason we have any inflation is that the economy is built on debt and expansion so the FED is fighting for it's Keynesian life.
Here is a good chart showing what prices go up and what pries go down
https://twitter.com/TheBubbleBubble/status/463431980860706816/photo/1
Here is a good chart showing what prices go up and what pries go down
Good thing they throw in hedonic pricing or inflation would be nil, good thing we have those nice fellers looking out for us...
The GDP was just revised to -0.6% today.
Yet there were 288,000 new jobs created last month.
That don't pass the smell test.
Yet there were 288,000 new jobs created last month.
That don't pass the smell test.
a lot of low paying jobs supposedly created and some construction jobs
The GDP was just revised to -0.6% today.
Where did you see that. was that an analyst estimate at a revision?
You forgot to add in the 800,000+ people that were "vaporized" from the workforce... I guess the personal (lack of) spending by these people helped the GDP number (go down)...
92 million people not working and they call it a "recovery"
You forgot to add in the 800,000+ people that were "vaporized" from the workforce... I guess the personal (lack of) spending by these people helped the GDP number (go down)...
92 million people not working and they call it a "recovery"
92 million people not working is a catastrophy waiting to happen
http://usawatchdog.com/catastrophic-meltdown-coming-to-america-doug-casey/
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The 1st Quarter 2014 GDP Number
15:27-18:20 The first quarter GDP was up just 0.1% in the first quarter and the weather was blamed for the poor economic performance. Cold weather can't derail an entire economy. Recent tornados in the south may also be blamed for a lack of 2nd quarter GDP growth, although Keynesians might argue that tornados might lead to economic growth as homes will need to be rebuilt. Discussion of the Fed and media spin on the poor numbers:
From CNBC:
"Yet the Fed statement did not reflect substantial concerns and in fact agreed with consensus from economists who believe the slowdown will be short-lived and growth will accelerate."
From the FOMC statement:
"Information received since the Federal Open Market Committee met in March indicates that growth in economic activity has picked up recently, after having slowed sharply during the winter in part because of adverse weather conditions."
Even though initial jobless claims are up, home sales are down, twenty percent of homes have no one employed , homeownership rates are down, there is a rise in food stamp usage, mortgage applications are down and new home construction is down, the media persists on peddling an economic "recovery" story.
From Reuters:
"U.S. consumer spending recorded its largest increase in more than four and a half years in March, cementing views the economy ended a dismal first-quarter on solid footing."
Podcast notes:
http://smaulgld.com/astonishing-persistent-denial-economic-reality/
http://www.youtube.com/embed/xtvKeivGjrs&feature=youtu.be
#housing