Yes, the coming depression is real. It would be tremendously helpful if we begin blogging about solutions, solutions, solutions. Real solutions. Not gold. Not silver. We can't eat gold. Neither can we eat silver.
So starting today, starting now, everybody focuses on solutions here.
I understand both sides of argument. Go gold or not, I invite everyone to my google group. Here we live our birthright to live freely.
We have people living almost moneyless, a moneyfree lifestyle. We grow organic food indoor, some are off grid. We run community restaurants. Volunteers get free food and shelter.
In my case, despite 20 years of savings, I use only about $100 a month because we pool and share funds and resources to produce own food and buy food we don't grow. We even barter produce with other participating farms.
That guy in the video must have smoked too much of those green leaves in the background. the $$ is not going to fall further and will remain the world leading currency. Inflation is not a worry as prices are falling, and i will not worry about the price of gold..
CNN--"An absence of buying from retail investors often suggests that a sharp jump in prices will not be sustained and that prices of gold will fall back," CPM group wrote."
Now even if the US $$ falls, it is still very good for the US as this will give a big boost to the already booming manufacturing sector as exports will become cheaper.
11:04 US still manufactures a lot of stuff, e.g weapons, cars, designer wear, parts, shoes, etc etc, plus its not just the manufacturing that will benefit from a low US $$ its also all the service sector as well. You will also notice that the US government has not been bothered by the recent decline in $$ as this what they actually want. They want to move the US economy dependence from comuserism towards an economy based on exports and the way to acheive that is through a weak $$.
It's not that we don't manufacture anything anymore, we do, we just don't manufacture nearly enough relative to what we spend. 70% of our US economy is consumer spending, that is way too high and has contributed greatly to this huge problem we have.
I like how Celente added towards the end that it's not just the USA, but nearly all countries have massively printed money. That is true, we are just the worst offender and have by far the most to lose.
The problem with listening to Celente is that that history has proven that he is right more than he is wrong. That said, who can predict the future anyway? Most of what we as citizens tend to think is taken from the information we have to form those thoughts. Clear thinking is, at best, difficult if your trying to figure out what the elite are going to do. Clear thinking based on what you see, hear, and believe is the right of every person. The whole thing is trying to put what assets you do have into something secure. Is that something the bank--no. Is that something the stock market---no. Is it buying metals--ie: Gold. Sounds good but the elite can control gold possession. In the end, security is elusive in our world. If you were stranded on a desert island, you could assemble what assets you had (food, spears, matches, make a shelter), and protect them from animals or the elements as best you could. Our game here is not that simple. We are working to protect ourselves from the activities and minds of others, and we don't know the odds against us. Better to try and survive on that island, against mother nature and wild animals, than in our current situation.
8:06 the pirates come and take your food away. You starve to death. In the old days the people would trade with the Indians. Gold for Food. I am the elite. I own Gold/SILVER. Now go out and grow my food.
This is going to turn out great for the US and gold holders in the end. I can see it now. Another large bubble in the making.
Wait until all of the "short covering" that will happen when the Fed raises or uses moral suasion to influence the monetary policy. The dollar will rebound like an elastic band pulled from NY to LA. The snap will be so voracious that gold will fall by $100 or more in a day and the dollar will have its best days in the entire history of the USD index.
The problem with people are they forget the past and, in doing so, erase the lingering stench of all previous bad investments.
I agree with 7:09 AM in that DZZ is looking awfully attractive.
9:54 perhaps you may want to view Jim Sinclair who is amongst the elite. We are have around 30 days for a dollar collapse or a catastrophic event of some sorts. I believe CHINA has given the US a timeline to do something. Your post is RUBBISH.
10:04. Of all the things that are rubbish are your post and reliance on Jim Sinclair as an adviser. He has been calling for a dollar collapse for decades and is only now close to being right. The one thing he missed out on, though, was the bull market run from 1980 until today. The largest of all time. Where has his gold gotten him since then?
What does that mean anyway...collapse? The US is still the largest economy in the world. We still have a ton of manufacturing here. This is a typical ebb in the tide of the economic ocean. The flow will come in sometime in the future and everyone will forget the gold mania. There will be no hyperinflation or crap like that. We will not be walking around aimlessly in the dust bowl. We will not be eating road kill as a nation and the US will not look like Mad Max Beyond Thunderdome (although I am sure you and Sinclair would like it if it did.)
The depression is real, but again, another day another dollar. Some new nutjob will be president eventually and things will pick up in the country (not by their doing) but they will take credit for it (similar to Clinton when internet boomed).
In any case, good luck with hoarding all that gold.
I am going to be buying DZZ within the next few weeks. Can't wait until you start dumping it the first signs of cracks in that shiny metal of yours.
11:41 you sound like you're totally out to lunch, missed the last few years due to a coma. We have a ton of manufacturing here? Are you delusional? We don't even manufacture our own cocaine! Please explain to this audience what we manufacture. Explain how we will pay off our debt of 55 some odd trillion dollars. Explain how The Roman Empire could not collapse but it did. Please explain why GOLD is going up. Explain why businesses are closing in droves. Please explain why the dollar is going down so fast. You're the Economic Advisor that has more money than Jim Sinclair. Please tell us which mine you own. Please tell us how STUPID you are again.
Let's take this one step at a time and I will address the questions you pose. We do have a ton of manufacturing here. What do YOU think we build here? We build everything here. When GM shuts down plants, do you think the people who lost jobs were just getting paid to masturbate or come in and take a dump in a fancy toilet? They were building cars. There are tons of businesses here that build tons of things. We still dwarf China in terms of money saved, money spent, and manufacturing. Sorry these are facts, not opinions. Go visit China sometime. Go out to the rural areas and see people living in poverty. Yes China is large, both in terms of manufacturing ability and money they are spending. They will probably overcome the US at some point in time, but they still aren't there.
I am sure we manufacture our own cocaine somewhere in this country (I don't know as I have never been involved with narcotics) but truth be told it is mostly manufactured in countries that tolerate this a bit more than the US. You could find out where we manufacture cocaine by going on a ride along with your local narcotics officer sometime. Countries with corrupt governments or governments that cannot or have no incentive to take care of this problem, like Columbia, are usually where this is made. This point you made was rather crazy, though as most people in the US don't use cocaine and it is illegal. We also don't manufacture a whole lot of opium either. You know why? See above.
I am not saying we will ever pay off our debt. Did I say that?
The Roman empire collapsed, yes. The jury is still out as to why. There are only theories. If you know why, please enlighten us. I am sure that some people that have hundreds of theories would like to eliminate them all and no your answer.
Gold is going up because the dollar is getting weaker. Traders are manipulating the currency market, the same way they manipulated the commodity market, equity market, derivatives market, etc. Where there is a market, there is a potential for manipulation and bubbles. Do you think gold is immune to manipulation? Ever think Jim Sinclair is just pumping up gold and dumping it? Do you really think Sinclair cares about you? Maybe he does. I don't know.
Businesses are closing because people are saving their money and too many people bought too many plasma televisions over the last few years. It will come back.
The dollar is going down fast because of traders trading it.
I never said I had more money than Jim Sinclair, but it might be possible. I could care less about Jim Sinclair or what his net worth. Do you always believe the guy in the room with the most money? I tend to not believe anyone and look at everything skeptically, not cynically, skeptically.
I don't own any mine. Did I say I did? If I did, I would sell it in a heartbeat. Mining, for a long time though, was usually a losing proposition for the companies that owned them.
Personal insult at the end, merely states that you are uncomfortable with your position and have no facts to base your opinions on, other than fear.
Have fun with that fear. I have no fear.
Now let me ask you a question, since you are so intelligent. Why has the market rallied so high since March?
OOOOOO! Look what is happening! I am slowly being proven right...
Imagine if Bernanke actually raised the rates instead of using his moral suasion. Gold will soon start to fall. Have fun eating your gold, it will eventually be cheap again. I will make a fortune in this, the same as when I made a fortune shorting oil. When I hear Schiff say $5000 an ounce, it is nearing a top.
I said above, "Wait until all of the "short covering" that will happen when the Fed raises or uses moral suasion to influence the monetary policy. The dollar will rebound like an elastic band pulled from NY to LA. The snap will be so voracious that gold will fall by $100 or more in a day and the dollar will have its best days in the entire history of the USD index."
Resident retard: You sound like the guy in court pleading for his life on crack. Makes 0 sense, cannot plead his case because of his delusional fantasy. I really love this bizarre statement (it is of an institutional nature): When GM shuts down plants, do you think the people who lost jobs were just getting paid to masturbate or come in and take a dump in a fancy toilet? The prize of the USA; A new FEMA camp wing for the insane.
11:57 you mean to tell us that you are more knowledgeable with the economy than Peter Schiff, Jim Sinclair, Ron Paul, Gerald Celente, Martin Armstrong, Jim Willie, Matt Taibbi, Robert Kiyosaki...? We should disregard all their analyzing of the markets and economy and listen to "Anonymous" above? Are you that much of a simpleton? GOOD GOD, you're not even worth jousting with anymore its like dealing with a grade school alcoholic..
Still nothing added worth a good retaliation. Just more personal insults.
I never stated I was more knowledgeable than any of the people you stated above.
I do believe Peter Schiff is slightly overshooting the gold at $5000 number. I like and respect Peter though. If gold gets to $5000 per ounce, the Dow will be at 50,000 and the dollar will be gone. I highly doubt any of that will happen.
Your statements about the economy getting better each day are a hoot. Simple minds create simple things to try and make themselves fell better. Its always easier escaping true reality. You honestly believe these insane articles written by the government? The government feeds the newspapers these releases. The reason why people are not reading the papers as much anymore is because they DO NOT BELIEVE THEM. Blogs like these are truthful, showing facts and figures. Now go get your flu shots. Hurry along.
These were my first comments. I don't know who you are referring to when you are stating "each day". Maybe someone else is commenting. There are quite a few people who come here.
There are some things I believe and there are some things I don't.
For example, I refuse to get flu shots. You have to think, though, there is disinformation on both sides of the aisle.
I know I am late to this but. What about all the printed money injected into the system. Wont those proverbial chickens come home to roost at some time? What then?
Economic Analyst,
ReplyDeleteNow is the moment all of us focus on SOLUTIONS.
Keywords - grow own food, vertical farming, valcent farm, abolish money, resource-based economy, automation, technological unemployment.
Yes, the coming depression is real. It would be tremendously helpful if we begin blogging about solutions, solutions, solutions. Real solutions. Not gold. Not silver. We can't eat gold. Neither can we eat silver.
So starting today, starting now, everybody focuses on solutions here.
The solution is to buy GOLD and SILVER. I will trade my bullion for your junk that I require, because I will be the King and you will be my servant.
ReplyDeleteI understand both sides of argument. Go gold or not, I invite everyone to my google group. Here we live our birthright to live freely.
ReplyDeleteWe have people living almost moneyless, a moneyfree lifestyle. We grow organic food indoor, some are off grid. We run community restaurants. Volunteers get free food and shelter.
In my case, despite 20 years of savings, I use only about $100 a month because we pool and share funds and resources to produce own food and buy food we don't grow. We even barter produce with other participating farms.
Well done TJ. I would love to live in such a community. I bet places like this have much less violence and generally a better place to live.
ReplyDelete.
ReplyDeleteThat guy in the video must have smoked too much of those green leaves in the background. the $$ is not going to fall further and will remain the world leading currency. Inflation is not a worry as prices are falling, and i will not worry about the price of gold..
ReplyDeleteCNN--"An absence of buying from retail investors often suggests that a sharp jump in prices will not be sustained and that prices of gold will fall back," CPM group wrote."
Now even if the US $$ falls, it is still very good for the US as this will give a big boost to the already booming manufacturing sector as exports will become cheaper.
Umm.. 11:04 , The US don't manufacture anything anymore. It's all moved to China / India and the likes. Hence, the US is doomed.
ReplyDelete11:04 US still manufactures a lot of stuff, e.g weapons, cars, designer wear, parts, shoes, etc etc, plus its not just the manufacturing that will benefit from a low US $$ its also all the service sector as well. You will also notice that the US government has not been bothered by the recent decline in $$ as this what they actually want. They want to move the US economy dependence from comuserism towards an economy based on exports and the way to acheive that is through a weak $$.
ReplyDeletesorry above I meant 12:33 not 11:04
ReplyDeleteThis is the impact of wave 1. Waitttt...current wave 2 is currently running.
ReplyDeleteWave 3's impact more terible then wave 1.
World/Civil War unavoidable.
Hi guys sorry to JACK this thread but i have a problem with my Home Wireless Network (Dlink ) can anyone help me out
ReplyDeletemy msn address is trex69_80@hotmail.com
or home email
eric.charles@videotron.ca
help would be greatly appreciated guys , thanks in advance
It's not that we don't manufacture anything anymore, we do, we just don't manufacture nearly enough relative to what we spend. 70% of our US economy is consumer spending, that is way too high and has contributed greatly to this huge problem we have.
ReplyDeleteI like how Celente added towards the end that it's not just the USA, but nearly all countries have massively printed money. That is true, we are just the worst offender and have by far the most to lose.
About time to short gold. ETF is DZZ. Have fun looking at that hunk of metal!
ReplyDeleteThe problem with listening to Celente is that that history has proven that he is right more than he is wrong. That said, who can predict the future anyway? Most of what we as citizens tend to think is taken from the information we have to form those thoughts. Clear thinking is, at best, difficult if your trying to figure out what the elite are going to do. Clear thinking based on what you see, hear, and believe is the right of every person. The whole thing is trying to put what assets you do have into something secure. Is that something the bank--no. Is that something the stock market---no. Is it buying metals--ie: Gold. Sounds good but the elite can control gold possession. In the end, security is elusive in our world. If you were stranded on a desert island, you could assemble what assets you had (food, spears, matches, make a shelter), and protect them from animals or the elements as best you could. Our game here is not that simple. We are working to protect ourselves from the activities and minds of others, and we don't know the odds against us. Better to try and survive on that island, against mother nature and wild animals, than in our current situation.
ReplyDelete8:06 the pirates come and take your food away. You starve to death. In the old days the people would trade with the Indians. Gold for Food. I am the elite. I own Gold/SILVER. Now go out and grow my food.
ReplyDeleteThis is going to turn out great for the US and gold holders in the end. I can see it now. Another large bubble in the making.
ReplyDeleteWait until all of the "short covering" that will happen when the Fed raises or uses moral suasion to influence the monetary policy. The dollar will rebound like an elastic band pulled from NY to LA. The snap will be so voracious that gold will fall by $100 or more in a day and the dollar will have its best days in the entire history of the USD index.
The problem with people are they forget the past and, in doing so, erase the lingering stench of all previous bad investments.
I agree with 7:09 AM in that DZZ is looking awfully attractive.
9:54 perhaps you may want to view Jim Sinclair who is amongst the elite. We are have around 30 days for a dollar collapse or a catastrophic event of some sorts. I believe CHINA has given the US a timeline to do something. Your post is RUBBISH.
ReplyDelete10:04. Of all the things that are rubbish are your post and reliance on Jim Sinclair as an adviser. He has been calling for a dollar collapse for decades and is only now close to being right. The one thing he missed out on, though, was the bull market run from 1980 until today. The largest of all time. Where has his gold gotten him since then?
ReplyDeleteWhat does that mean anyway...collapse? The US is still the largest economy in the world. We still have a ton of manufacturing here. This is a typical ebb in the tide of the economic ocean. The flow will come in sometime in the future and everyone will forget the gold mania. There will be no hyperinflation or crap like that. We will not be walking around aimlessly in the dust bowl. We will not be eating road kill as a nation and the US will not look like Mad Max Beyond Thunderdome (although I am sure you and Sinclair would like it if it did.)
The depression is real, but again, another day another dollar. Some new nutjob will be president eventually and things will pick up in the country (not by their doing) but they will take credit for it (similar to Clinton when internet boomed).
In any case, good luck with hoarding all that gold.
I am going to be buying DZZ within the next few weeks. Can't wait until you start dumping it the first signs of cracks in that shiny metal of yours.
11:41 you sound like you're totally out to lunch, missed the last few years due to a coma. We have a ton of manufacturing here? Are you delusional? We don't even manufacture our own cocaine! Please explain to this audience what we manufacture. Explain how we will pay off our debt of 55 some odd trillion dollars. Explain how The Roman Empire could not collapse but it did. Please explain why GOLD is going up. Explain why businesses are closing in droves. Please explain why the dollar is going down so fast. You're the Economic Advisor that has more money than Jim Sinclair. Please tell us which mine you own. Please tell us how STUPID you are again.
ReplyDeleteTo 1:37 PM.
ReplyDeleteLet's take this one step at a time and I will address the questions you pose. We do have a ton of manufacturing here. What do YOU think we build here? We build everything here. When GM shuts down plants, do you think the people who lost jobs were just getting paid to masturbate or come in and take a dump in a fancy toilet? They were building cars. There are tons of businesses here that build tons of things. We still dwarf China in terms of money saved, money spent, and manufacturing. Sorry these are facts, not opinions. Go visit China sometime. Go out to the rural areas and see people living in poverty. Yes China is large, both in terms of manufacturing ability and money they are spending. They will probably overcome the US at some point in time, but they still aren't there.
http://investing.curiouscatblog.net/2008/09/23/top-manufacturing-countries-in-2007/
I am sure we manufacture our own cocaine somewhere in this country (I don't know as I have never been involved with narcotics) but truth be told it is mostly manufactured in countries that tolerate this a bit more than the US. You could find out where we manufacture cocaine by going on a ride along with your local narcotics officer sometime. Countries with corrupt governments or governments that cannot or have no incentive to take care of this problem, like Columbia, are usually where this is made. This point you made was rather crazy, though as most people in the US don't use cocaine and it is illegal. We also don't manufacture a whole lot of opium either. You know why? See above.
I am not saying we will ever pay off our debt. Did I say that?
The Roman empire collapsed, yes. The jury is still out as to why. There are only theories. If you know why, please enlighten us. I am sure that some people that have hundreds of theories would like to eliminate them all and no your answer.
Gold is going up because the dollar is getting weaker. Traders are manipulating the currency market, the same way they manipulated the commodity market, equity market, derivatives market, etc. Where there is a market, there is a potential for manipulation and bubbles. Do you think gold is immune to manipulation? Ever think Jim Sinclair is just pumping up gold and dumping it? Do you really think Sinclair cares about you? Maybe he does. I don't know.
Businesses are closing because people are saving their money and too many people bought too many plasma televisions over the last few years. It will come back.
The dollar is going down fast because of traders trading it.
I never said I had more money than Jim Sinclair, but it might be possible. I could care less about Jim Sinclair or what his net worth. Do you always believe the guy in the room with the most money? I tend to not believe anyone and look at everything skeptically, not cynically, skeptically.
I don't own any mine. Did I say I did? If I did, I would sell it in a heartbeat. Mining, for a long time though, was usually a losing proposition for the companies that owned them.
Personal insult at the end, merely states that you are uncomfortable with your position and have no facts to base your opinions on, other than fear.
Have fun with that fear. I have no fear.
Now let me ask you a question, since you are so intelligent. Why has the market rallied so high since March?
OOOOOO! Look what is happening! I am slowly being proven right...
ReplyDeleteImagine if Bernanke actually raised the rates instead of using his moral suasion. Gold will soon start to fall. Have fun eating your gold, it will eventually be cheap again. I will make a fortune in this, the same as when I made a fortune shorting oil. When I hear Schiff say $5000 an ounce, it is nearing a top.
I said above, "Wait until all of the "short covering" that will happen when the Fed raises or uses moral suasion to influence the monetary policy. The dollar will rebound like an elastic band pulled from NY to LA. The snap will be so voracious that gold will fall by $100 or more in a day and the dollar will have its best days in the entire history of the USD index."
http://www.marketwatch.com/story/gold-futures-slump-as-bernanke-lifts-dollar-2009-10-09
Resident retard: You sound like the guy in court pleading for his life on crack. Makes 0 sense, cannot plead his case because of his delusional fantasy. I really love this bizarre statement (it is of an institutional nature): When GM shuts down plants, do you think the people who lost jobs were just getting paid to masturbate or come in and take a dump in a fancy toilet? The prize of the USA; A new FEMA camp wing for the insane.
ReplyDeleteI am sitting here and wondering if you have anything to add other than personal insults?
ReplyDeleteOf course I make sense. What part do you disagree with?
11:57 you mean to tell us that you are more knowledgeable with the economy than Peter Schiff, Jim Sinclair, Ron Paul, Gerald Celente, Martin Armstrong, Jim Willie, Matt Taibbi, Robert Kiyosaki...? We should disregard all their analyzing of the markets and economy and listen to "Anonymous" above? Are you that much of a simpleton? GOOD GOD, you're not even worth jousting with anymore its like dealing with a grade school alcoholic..
ReplyDeleteStill nothing added worth a good retaliation. Just more personal insults.
ReplyDeleteI never stated I was more knowledgeable than any of the people you stated above.
I do believe Peter Schiff is slightly overshooting the gold at $5000 number. I like and respect Peter though. If gold gets to $5000 per ounce, the Dow will be at 50,000 and the dollar will be gone. I highly doubt any of that will happen.
Your statements about the economy getting better each day are a hoot. Simple minds create simple things to try and make themselves fell better. Its always easier escaping true reality. You honestly believe these insane articles written by the government? The government feeds the newspapers these releases. The reason why people are not reading the papers as much anymore is because they DO NOT BELIEVE THEM. Blogs like these are truthful, showing facts and figures. Now go get your flu shots. Hurry along.
ReplyDeleteThese were my first comments. I don't know who you are referring to when you are stating "each day". Maybe someone else is commenting. There are quite a few people who come here.
ReplyDeleteThere are some things I believe and there are some things I don't.
For example, I refuse to get flu shots. You have to think, though, there is disinformation on both sides of the aisle.
7:39 - Money printing
ReplyDeleteI know I am late to this but. What about all the printed money injected into the system. Wont those proverbial chickens come home to roost at some time? What then?
ReplyDelete