Posted on 08/13/2009 7:01:42 PM PDT by mbarker12474
... The crux of the matter is that the United States is no longer in control of its fate. Meetings with creditor nation leaders result in new orders given, and new policy directives enacted. Comparisons are made to China, but they too are a distraction. China can embark on its ... The USGovt creditors are in control. The August Hat Trick Letter reports have identified five major factors pointing to a severely stressful period of time at the end of August and into September.... The risk of accidents is rising exponentially from incredible backroom movement of massive funds to avert disasters on a weekly bas.... My best sources of information report that some unexpected deep shocks are coming from USGovt creditor nations. They are simply fed up, frustrated, and astonished at the manner of lost control, spiraling debts, and blatant monetization amidst lies in denial of that same monetization. The USTreasury auctions now have domestic hidden elements, and global hidden monetization elements...... The creditors regard the US political and banking leaders as living in a world divorced from reality, and thus require shock treatment. USTreasury Bonds have become a liquidation currency. Actions in the Persian Gulf and European region indicate that USTBonds are being used in liquidation and distressed sales on a truly massive scale. The failed Dubai construction projects .... For China it is a race against the clock for how fast they can convert their $2 trillion in USDollar holdings into strategic assets, namely oil and gold. At today’s deflated prices, putting together a really good billion dollar deal is a difficult thing to do. Putting together 2000 of them is impossible. Doing it before the dollar collapses? Not a Chinaman’s chance. And they know it.” .... long article with charts...
(Excerpt) Read more at financialsense.com ...
If everything collapses, including the legal system that enforces payment of debt, he who controls the debt controls nothing.
In such a situation, power reverts to its original and inherent form: Power grows out of the barrel of a gun.
I think anyone who has not invested in precious metals is foolish because the value of the dollar is going to spiral down in a hurry. Today, Gold is almost $1000/oz. Silver is over $15.00/oz. If you had invested in these metals in the 1990’s to 2000, your investments would have increased 300%.
But, because of the very unstable economy, and who is in charge of it, precious metal prices will skyrocket. Best to buy now before the prices skyrocket upward. UNLESS of course you feel that the “Great Catching Up In The Air” will take place very soon, in which case. just hang loose.
I think anyone who has not invested in precious metals is foolish because the value of the dollar is going to spiral down in a hurry. Today, Gold is almost $1000/oz. Silver is over $15.00/oz. If you had invested in these metals in the 1990’s to 2000, your investments would have increased 300%.
But, because of the very unstable economy, and who is in charge of it, precious metal prices will skyrocket. Best to buy now before the prices skyrocket upward. UNLESS of course you feel that the “Great Catching Up In The Air” will take place very soon, in which case. just hang loose.
deja vu.
this is tricky business. yes, we’ve heard this same rant for decades and it never comes true. but things ARE different this time. Since i am not the Messiah (and neither is the reputed “m”essiah) we’ll just have to wait and see. Good news is that i can finally cash in my gold high school ring and get back what i so foolishly overpaid for it so long ago!! That shouls provide a meal or two for my family when things get really really bad in about 6 weeks.
Yes,you better get some like I did 10 years ago and it made me a wealthy man.
Give me a break.You are clueless!Don’t even post with that dribble.
>>>He who controls the debt controls everything.
So where is it going to go from here?
You read my mind. I have to wonder if some of these people who have gold are wanting to dump it and buy stuff.
parsy, who got fed up with the sales pitch about half way thru it,
“The USFed liberally uses its USDollar Swap Facility to enable strong bids by foreign central banks, except that they are highly likely coming from USFed accounts on foreign soil, or else from money lent by the USFed itself. Warning after warning have come not to monetize, not to debauch the USDollar currency, not to permit skyrocketing deficits. “
Whoa guys!!! This part triggered a memory...
Remember when that Congressman from Florida was laughing at Bernanke. The issue was that we ‘loaned’ international banks (don’t know who he says!?!) billions upon billions of dollars...
Also, the part that made me remember was the astonishment of the Congressman when finding out we gave like $? to New Zealand, enough for $? for every citizen!!
It just dawned on me. We are SOOOO monetizing our debt by buying our own debt!!!
Our dollar doesn’t have any value right now does it??? If we can’t get ANYONE to buy our debt except ourself??
It’s like paying myself with my own credit card!! After a while, you run out of credit cards to transfer money to!
Oh God help us.
inflation bump
Dollar gets stronger soon.
Deflation coming, not inflation.
Oh, and if you are young, learn to speak Mandarin.
Glad you are so confident.
Could someone with billions of dollars of personal wealth exert enough influence on the dollar to drive it down after buying positions in the international marketplace betting on the dollar to go down?
There is such a person who placed such a bet on European currencies in a successful bid to cause their value to go down. He made more billions by manipulating that currency. Now, he is betting that he can elect his own politicians and he’s succeeding so far.
That was the funniest thing I read all day...thanks for that.
No wonder the Chinese are buying up the gold markets while Americans are snoozing over O’s healthcare nightmare bill.
No wonder the Chinese are buying up the gold markets while Americans are snoozing over O’s healthcare nightmare bill.
ping
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