Posted on 10/02/2011 4:30:15 PM PDT by blam
What's the process? Do the Germans replace the fiat German Euros with fiat Deutschmarks? If so, who sets the exchange rate and what is it based on? This could be a stealth devaluation.
“OK ... bottom line ... Should I or should I not start buying more silver and gold?????”
I like both kinds of investments - silver AND gold!
“On an aside, I love how my spell checker still flags Obama as a possible misspelling! Somehow that gives me comfort...”
__________________________________________
I never, ever, type the name as “Obama”.
For me it is always Obumbo, or Obozo.
As for the TEC article, I will forward it to my good friend
who manages the currency trading department at one of the large banks in Slovakia.
It will be interesting to get his take on it.
I am shocked they have not tried yet. I was privileged to shake her hand. She met me at the door with a 12 guage shotgun, so I assume she is well aware of the threat.
Scary. What can one do?
“But what bread?”
What bread indeed.If I can’t get fuel,fertilizer and parts to keep my equipment running,then we all starve.
That Ann Barnhardt sounds like a hoot. Check out the editorial on her website. Burning a Koran with bacon in it.
The only way out of this is for the bad debt to work itself out of the system and those holding the bad debt to write down their losses.
This is something that needs to be done, it’s the only way.
Look at it as an insurance policy...not an investment
(On the other hand...Ive been picking up small amounts for years as insurance...Now I realize it has turned into a very good investment....been a Win-Win for me...
The asset value of long term treasury bonds have gone up about 20% since July.
Since late August, Gold has gone down about 15%, the Vanguard Energy fund is off about 30%, the Agriculture ETF (”DBA”) is off more than 20% , and the Commodity metals ETF (DBB) is off about 25%.
Looks deflationary to me.
Boy that Ann is just little Miss Sunshine isn't she.
Thanks...I'm covered.
“What Geithner does not want the public to understand, his “dirty little secret”, is that the repeal of Glass-Steagall and the passage of the Commodity Futures Modernization Act in 2000 allowed the creation of a tiny handful of banks that would virtually monopolize key parts of the global “off-balance sheet” or OTC derivatives issuance.
Today, five US banks, according to data in the just-released Federal Office of Comptroller of the Currency’s Quarterly Report on Bank Trading and Derivatives Activity, hold 96% of all US bank derivatives positions in terms of nominal values, and an eye-popping 81% of the total net credit risk exposure in event of default.
The top three are, in declining order of importance: JPMorgan Chase, which holds a staggering $88 trillion in derivatives; Bank of America with $38 trillion, and Citibank with $32 trillion. Number four in the derivatives sweepstakes is Goldman Sachs, with a mere $30 trillion in derivatives; number five, the merged Wells Fargo-Wachovia Bank, drops dramatically in size to $5 trillion. Number six, Britain’s HSBC Bank USA, has $3.7 trillion. “
http://www.atimes.com/atimes/Global_Economy/KD03Dj02.html
These numbers are from 2009. Presently the top five US banks are on the hook for over 250 trillion in credit derivative exposure.
BTW..is it any wonder they’re becoming terrified of free speech and the right to associate freely?
Yes, the email is 100% true and correct
Posted by Ann Barnhardt
- September 29, AD 2011 11:12 AM MST
For some reason I am suddenly getting scads of emails asking to confirm my response to a musloid death threat. Yes, that is 100% real and accurate, and yes, that picture of a rosary-wrapped hand grasping a pink AR-15 is me. It is my very real Colt M4 that has been custom DuraCoated. Yes, yes, yes. Here is the original exchange from July 22 via YouTube. This guy is a musloid over in the U.K., hence the driving directions citing the daily direct flights from Heathrow to Denver:
YouTube user mufcadnan123 has sent you a message:
Watch your back.
To:annbarnhardt
I'm going to kill you when I find you. Don't think I won't, I know where you and your parents live and I'll need is one phone-call to kil ya'll.
Re: Watch your back.
Hello mufcadnan123!
You don't need to "find" me. My address is 9175 Kornbrust Circle, Lone Tree, CO 80124.
Luckily for you, there are daily DIRECT FLIGHTS from Heathrow to Denver. Here's what you will need to do. After arriving at Denver and passing through customs, you will need to catch the shuttle to the rental car facility. Once in your rental car, take Pena Boulevard to I-225 south. Proceed on I-225 south to I-25 south. Proceed south on I-25 to Lincoln Avenue which is exit 193. Turn right (west) onto Lincoln. Proceed west to the fourth light, and turn left (south) onto Ridgegate Boulevard. Proceed south, through the roundabout to Kornbrust Drive. Turn left onto Kornbrust Drive and then take an immediate right onto Kornbrust Circle. I'm at 9175.
Just do me one favor. PLEASE wear body armor. I have some new ammunition that I want to try out, and frankly, close- quarter body shots without armor would feel almost unsporting from my perspective. That and the fact that I'm probably carrying a good 50 I.Q. points on you makes it morally incumbent upon me to spot you a tactical advantage.
However, being that you are a miserable, trembling coward, I realize that you probably are incapable of actually following up on any of your threats without losing control of your bowels and crapping your pants while simultaneously sobbing yourself into hyperventilation. So, how about this: why don't you contact the main mosque here in Denver and see if some of the local musloids here in town would be willing to carry out your attack for you? After all, this is what your "perfect man" mohamed did (pig excrement be upon him). You see, mohamed, being a miserable coward and a con artist, would send other men into battle to fight on his behalf. Mohamed would stay at the BACK of the pack and let the stupid, ignorant suckers like you that he had conned into his political cult do the actual fighting and dying. Mohamed would then fornicate with the dead men's wives and children. You should follow mohamed's example! Here is the contact info for the main mosque here in Denver:
Masjid Abu Bakr
Imam Karim Abu Zaid
2071 South Parker Road
Denver, CO 80231
Phone: 303-696-9800
Email: denvermosque@yahoo.com
I'm sure they would be delighted to hear from you. Frankly, I'm terribly disappointed that not a SINGLE musloid here in the United States has made ANY attempt to rape and behead me. But maybe I haven't made myself clear enough, so let me do that right now.
I will NEVER, EVER, EVER submit to islam. I will fight islam with every fiber of my being for as long as I live because islam is pure satanic evil. If you are really serious about islam dominating the United States and the world, you are going to have to come through me. You are going to have to kill me. Good luck with that. And understand that if you or some of your musloid boyfriends do actually manage to kill me, The Final Crusade will officially commence five minutes later, and then, despite your genetic mental retardation, you will be made to understand with crystal clarity what the word "defeat" means. Either way, I win, so come and get it.
Deo adjuvante non timendum-
Ann Barnhardt
----------------------------------------------------------
Dire?
SOMEONE is going to absorb a $28 trillion dollar loss. That’s $23,000 per citizen of Europe+USA.
You gonna just write a check for $23,000 knowing you don’t owe it and you will get nothing for it? Well, your name is on the bill, and the repo man is coming. Time is up. You gonna grab a pen or a gun?
I keep hearing “hyperinflation” and “deflation” from the “Experts”.
Who to believe????
If silver and gold are going to be soooo valuable, then why are these experts so eager to sell it? Seems to me that those in the know would keep quiet while they transfered all of their own wealth into silver and gold.
Costco has 50 lb bags of bread flour for $16.
$200, plus enough for 1/4 tsp dry yeast & 1.25 tsp salt per 3 cups, is enough to feed an adult for a year.
Better than nothing. Stock up now.
Kept we’re screwed all right.
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