Posted on 10/18/2009 4:31:04 PM PDT by blam
Debt Spiral Financial Holocaust Fiat Currencies Zero Bound, The Next Down Leg
Stock-Markets / Stocks Bear Market
Oct 18, 2009 - 11:10 AM
By: Ty Andros
The demise of the G7 financial systems, currencies and economies continues to march along as incomes collapse. The social welfare states and their banking system’s Ponzi finance-based economies are BROKE, their obligations and promises irredeemable and unpayable.
A debt spiral is in full view, irreversible with policymakers unable or unwilling and opposed to making the changes required to CREATE PRIVATE SECTOR INCOME GROWTH and control SPENDING, and which must be done to avert the final CALAMITY.
The greatest transfer of wealth from those who store it in paper to those who don’t is unfolding. A Crack-up Boom approaches… Awash upon a sea of trillions of Dollars, Yen, Pounds, Swiss Francs and Euros, FIAT currencies are flying off the printing presses, printed out of thin air! Markets are doing things which have never been seen before in HISTORY, and it has only begun. Within as little as a year or as long as a decade, the G7 currencies will go to the intrinsic value of the paper and ink in which they are constructed, as all the fiat currency and credit systems which preceded them have done. This is a currency extinction event. A Crack-up Boom looms…
[snip]
I suppose it is wise to have barter items available?
Nickels, coffee and chocolate are my main barter items.
I can’t even get a penny for my thoughts.
Ty Andros = Gold Salesman....FOS IMO
I wish I could say I understand what the title of this article is. I can’t even swear it’s English. ;o)
Is the Federal Reserve Still Shoveling Money to Goldman Sachs?
Sunday, October 18, 2009
It is a very strong possibility.
There is a lot of mystery surrounding Goldman's high velocity trading. When Goldman's 3Q earnings were announced, I wrote: So what is this "velocity" all about? Who knows? Max Kaiser seems to think it is front running, it may very well be. You really need someone at Goldman or the NYSE to explain the high flying black box that Goldman is using. That's the only way to understand it, for sure. Goldman has captured the NYSE, so they are as likely not to tell you as Goldman itself.
But maybe it isn't even exchange traded activity. Rolfe Winkler points to an interesting exchange between bank analyst Meredith Whitney and David Viniar - Goldman Sachs- EVP, CFO, during Goldman's investor conference call following the release of 3Q results.
[snip]
LOL. Me too. Just read it one word at a time...not like a sentance. That works pretty good until the 'Zero Bound' part.
Yeah, the folks at Market Oracle are heavy into gold and currency trading.
Audit the FED.
I've been thumping the tub these last few months about the 5c piece being "poor man's" silver. It cost you nothing but face value and may come in handy if inflation takes off. If not, all you've given up in the pathetic interest from having the money in a savings account. True, right now it's "chump change" but rather than have wads of paper, a bunch of 2-liter soda bottles filled with nickles might come in handy.
Gold and silver coins.
Cash in various denominations.
Ammunition in popular calibers.
(.22 LR, 12 gauge, pistol calibers)
Bulk dry food (rice, flour,pasta).
Liquor in small (375 ml.) bottles.
Canned meat, fish, poultry.
Diesel fuel, gasoline, kerosene.
Firewood/standing timber.
Reliable firearms.
Rinse. Repeat.
" The current political and financial leaders are DELIBERATELY driving the US economy off the cliff to precipitate the crisis which will allow them to SEIZE what freedoms we have left, to SAVE you and pay for the ESSENTIAL services they are providing you. It is right out of the SAUL ALINSKY playbook for SOCIALIZING an economy and IMPOSING MARXISM."
My thoughts too, costs nothing...incidently, it was FReeper Travis McGee who originally suggested this idea about the nickels to me.
The rich who have invested in GOLD are not physically holding their gold, only paper.
How do you know this? Can you give us a source?
CA....
Anyone coming for my gold or silver is getting my lead instead.
I'm not doubting your assertion, but doesn't holding gold "paper" kinda defeat the point?
Like having an envelope full of ammunition promissory notes. Not much good WTSHTF.
Did anyone actually bother to read the article at the top of the thread? It’s pretty amazing.
All those ads on TV can't be cheap.
A fair exchange in my book!
Just emailed that one to my son.
According to the article, a Gold salesman has to overcome some major negative advertising from the Fiat Toilet Paper Dispensers otherwise known as our corrupt socialist and crony capitalists overlords. Since Gold and Silver shot up today, either the demand is still greater then the supply or the Fiat Toilet Paper Roll just got bigger.
you’re joking right? why do hucksters pitch anything to suckers? because they are the suckers are marks and will make the pitchmen rich!!! it’s not about gold being a great investment it’s about the salesman making money (which he will probably use to buy stocks and real estate)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.