Posted on 04/11/2011 7:17:35 AM PDT by SeekAndFind
I think Soros sees this as his crowning achievement - destroying the currency of the world’s largest economy.
“Also any potential Republican candidate contemplating running for President must forcefully and without hesitation speak out candidly in the bluntest language possible about the future and the devastating action of Obama and the Democrats, all the while doing so without fear of what may be said about him or her in retaliation.”
I hate to say it but the only person doing that right now is Donald Trump.
Is silver ever gonna take a correction/consolidation breather again? I’m beginning to wonder. It blew past $30 and now has blown past $40 and I still see no signs of a letup. I want to buy more physical to add to my long position but hate buying on such a wild upswing. Perhaps if the Fed gives no indication of starting a QE3 after the QE2 is suppose to quit in June, maybe that will cause silver prices to stumble and give me a chance to buy more then. On the other hand, who knows what the price will be by the end of June? A drop back to $40 may be a significant downward correction by then. Sheez! Any thoughts by more seasoned metals investors are always appreciated.
This is one reason I want to see Trump in the debates. He could blow them wide open. He would have nothing to lose but the election.
There's Congressman Ryan and Sarah Palin as well.
L
The ostrich-like approach of the Obama administration and the Fed to these issues cannot continue much longer.
I give five to one odds they do.
Fear of their reputation being smeared is the one thing that holds back everyone running EXCEPT Trump. And what angers me is the left is going to smear anyone who runs no matter what they say so they may as well speak the truth.
But they are cowards. And maybe for good reason. More people believe the left media and there is no right media. Ross Perot is not the dummy the press made him out to be. Here was a man who, at the time, was one of the richest people on earth. And the press made him out to be some kind of paranoid loony bird who went around drooling all over himself. And there will probably be responses to this post saying he WAS a loony bird because they believed CNN.
“I think Soros sees this as his crowning achievement - destroying the currency of the world’s largest economy.”
With destruction comes chaos. Out of chaos comes order...a new world order. When you are trying to create world government these things have to happen.
ORDO AB CHAO.
The puppetmasters create “disorder” so the people will demand “order”. The price of “order” always entails a handing over of control and loss of freedom on the part of the citizenry. Out of “chaos” comes “order” - THEIR order - their new WORLD order.
Orwell described it as Reality Control.
I’m asking myself the same thing. I’m no expert but I think it will shoot through the roof after the debt increase vote, raise it or not. If I really believe this I’ll be buying some today. So let me say, I half way believe it. However the hell you believe something “half way”.
Soros did not do this. Everyone who participated in the leveraging up of US debt public and private did this. In the total credit market Soros's billions are not a minnow in the ocean.
Earth calling BernekeIdiot and “TurboTax” taxcheat Geithner..... =.=
This has been going on all my adult life, under socialists and under RINOs. They have all had their trotters and snouts in the trough.
They don’t have an ostrich like approach. The inflation resulting from the devaluation we are witnessing is the only salvation, the only cure for the cancerous debt. The devaluation is by design.
Massive spending reductions will lower the slope of the debt growth curve but will do nothing to reduce the outstanding debt. Only inflation and devaluation will do that.
The power of compounded moderate inflation is immense and over a mere five years at 7% can reduce the debt by half merely by devaluation. The trick is to establish a moderate and tolerable rate of 7%
Some think the US$ will be dropped as the reserve and that may very well happen. My view is that many others have a very similar problem and there will be a general relative devaluation and price inflation. Gold and silver are primary indicators the process is in effect.
A good old fashioned major war is about all that can knock the process off track. I don’t discount that possibility.
It is amazing how few people understand gold, including this idiot, who being a New York banker apparently has lost sight of all sense of the fundamentals of an economy, in particular the cost of production. Gold, being a hard to produce commodity of some intrinsic industrial value has a fundamental value the is dependent upon the cost of service, labor, and other commodities that make up that production cost. So, price increases averaged over some period of time reflect increased price levels, i.e. inflation, which affect all factors of production (an old term that our paper chasing elite have long ceased to use).
This fundamental price, the cost of production is based upon hard realities. Now onto that base price is also built premiums based upon perceptions of currency risk (sovereign debt default or further inflationary pressures indicated by the rate of printing money which is indicated by the amount by which market interest rates lie below what are perceived to be natural interest rates that provide a reasonable return on capital). We have seen this before. The fundamental cost of a house is the economic value of the land + labor and materials to build the house. Our paper chasers on wall street have been willing to multiply that value by a large multiple, and when that multiplier began collapsing back towards levels that buyers with credit based upon real earning could actually pay, it began taking our whole credit system with it.
If you want more, average in, and don’t try to time the market.
If you want to buy on the drops, look at the typical percentage pull-backs in recent years, and let that set your realistic plans of when to time your buys. (Don’t wait for a 25% drop off the peak when the norm is 10-15% off the peak before the climb restarts).
Either way I'd be willing to bet that he is hanging around the Treasury right now.
But Obama and the media are now telling me everything is OK with our economy and we’re in full recovery, there is nothing to see and that I should move on...... lol
One problem is that under the Clinton administration a lot of the debt was issued on short term bills and notes rather than long term bonds to temporarily reduce interest payments and the deficit. We have to continually refinance the debt and will get killed on interest charges when the bond buyers say "1% isn't acceptable in a 7% inflation environment. We demand 10% interest." and you suddenly we have trillion dollar interest payments.
Right now $7.5 trillion of the $9.1 trillion publicly held debt are in bills and notes which mature in less than 10 years. Look at http://www.treasurydirect.gov/govt/reports/pd/mspd/2011/opdm032011.pdf for a breakdown of outstanding debts, their rates and maturity dates.
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.