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partypup
Participant[quote=Aecetia]I wonder what Congress invests in? Is it precious metals and what it their exit strategy? I would imagine a large traffic jam trying to get out of DC, kind of like Independence Day when the aliens start blowing up the Capitol. Good luck with that.[/quote]
A: I think they were planning to use shiny new jets (and put it on our tab) to make their escape in. But that didn’t quite work out as planned…hehehe.
“House Democratic leaders said Monday that they will not force the Pentagon to buy four new passenger jets used to ferry senior government officials.
Democrats have been criticized for adding $330 million to the Air Force’s 2010 budget to buy the jets even though the Pentagon didn’t request the money.”
Read more at: http://www.huffingtonpost.com/2009/08/10/new-congressional-jets-ma_n_256110.html
Participant[quote=Aecetia]I wonder what Congress invests in? Is it precious metals and what it their exit strategy? I would imagine a large traffic jam trying to get out of DC, kind of like Independence Day when the aliens start blowing up the Capitol. Good luck with that.[/quote]
A: I think they were planning to use shiny new jets (and put it on our tab) to make their escape in. But that didn’t quite work out as planned…hehehe.
“House Democratic leaders said Monday that they will not force the Pentagon to buy four new passenger jets used to ferry senior government officials.
Democrats have been criticized for adding $330 million to the Air Force’s 2010 budget to buy the jets even though the Pentagon didn’t request the money.”
Read more at: http://www.huffingtonpost.com/2009/08/10/new-congressional-jets-ma_n_256110.html
Participant[quote=Aecetia]I wonder what Congress invests in? Is it precious metals and what it their exit strategy? I would imagine a large traffic jam trying to get out of DC, kind of like Independence Day when the aliens start blowing up the Capitol. Good luck with that.[/quote]
A: I think they were planning to use shiny new jets (and put it on our tab) to make their escape in. But that didn’t quite work out as planned…hehehe.
“House Democratic leaders said Monday that they will not force the Pentagon to buy four new passenger jets used to ferry senior government officials.
Democrats have been criticized for adding $330 million to the Air Force’s 2010 budget to buy the jets even though the Pentagon didn’t request the money.”
Read more at: http://www.huffingtonpost.com/2009/08/10/new-congressional-jets-ma_n_256110.html
Participant[quote=Aecetia]I wonder what Congress invests in? Is it precious metals and what it their exit strategy? I would imagine a large traffic jam trying to get out of DC, kind of like Independence Day when the aliens start blowing up the Capitol. Good luck with that.[/quote]
A: I think they were planning to use shiny new jets (and put it on our tab) to make their escape in. But that didn’t quite work out as planned…hehehe.
“House Democratic leaders said Monday that they will not force the Pentagon to buy four new passenger jets used to ferry senior government officials.
Democrats have been criticized for adding $330 million to the Air Force’s 2010 budget to buy the jets even though the Pentagon didn’t request the money.”
Read more at: http://www.huffingtonpost.com/2009/08/10/new-congressional-jets-ma_n_256110.html
Participant[quote=Arraya]They must be shitting their pants at this point. There won’t be any kicking the can down the road this time.[/quote]
Are you looking at the USD index? 75.55! There’s no real support below this thing now until we hit 73. And by that time gold will be well over $1100. It’s almost like they have completely given up trying to kick the can.
I do believe there is a large amount of excrement shooting from the bowels of our elected leaders now.
Jim Sinclair had an interesting comment on his site today:
“This evening in Asian trade, the Japanese Minister of Finance once again restated the new view out of Japan that the level of the Yen is no longer an obsession with the monetary authorities of that nation. His comments were interpreted by the Forex markets that intervention to stem the advance of the Yen is most unlikely. With that, market participants wasted little time bidding the Yen into a strong advance.
Those statements of his, combined with that of Federal Reserve Vice Chairman, Donald Kohn, that the US economy would not experience a quick or sharp recovery out of its recession, were both read by traders that US interest rates were not going anywhere anytime soon. Carry traders then beat the Dollar down below critical support near the 76 level on the USDX as they rushed into higher yielding currencies such as the Aussie and Loonie. The Euro also shot up to another new yearly high.”
If the Fed does not intend to raise interest rates – and let’s face it, they can’t – then we really are witnessing the end of the buck – first as a reserve currency (which has technically already happened over the last 2 months as banks have radically shifted their allocation of reserves), then as a currency, period. I suspect the first milestone will officially be crossed at the end of the month. By the end of next year, I think we will be hearing Congress and Obama bleat about developing a new currency/alternative to the dollar.
Participant[quote=Arraya]They must be shitting their pants at this point. There won’t be any kicking the can down the road this time.[/quote]
Are you looking at the USD index? 75.55! There’s no real support below this thing now until we hit 73. And by that time gold will be well over $1100. It’s almost like they have completely given up trying to kick the can.
I do believe there is a large amount of excrement shooting from the bowels of our elected leaders now.
Jim Sinclair had an interesting comment on his site today:
“This evening in Asian trade, the Japanese Minister of Finance once again restated the new view out of Japan that the level of the Yen is no longer an obsession with the monetary authorities of that nation. His comments were interpreted by the Forex markets that intervention to stem the advance of the Yen is most unlikely. With that, market participants wasted little time bidding the Yen into a strong advance.
Those statements of his, combined with that of Federal Reserve Vice Chairman, Donald Kohn, that the US economy would not experience a quick or sharp recovery out of its recession, were both read by traders that US interest rates were not going anywhere anytime soon. Carry traders then beat the Dollar down below critical support near the 76 level on the USDX as they rushed into higher yielding currencies such as the Aussie and Loonie. The Euro also shot up to another new yearly high.”
If the Fed does not intend to raise interest rates – and let’s face it, they can’t – then we really are witnessing the end of the buck – first as a reserve currency (which has technically already happened over the last 2 months as banks have radically shifted their allocation of reserves), then as a currency, period. I suspect the first milestone will officially be crossed at the end of the month. By the end of next year, I think we will be hearing Congress and Obama bleat about developing a new currency/alternative to the dollar.
Participant[quote=Arraya]They must be shitting their pants at this point. There won’t be any kicking the can down the road this time.[/quote]
Are you looking at the USD index? 75.55! There’s no real support below this thing now until we hit 73. And by that time gold will be well over $1100. It’s almost like they have completely given up trying to kick the can.
I do believe there is a large amount of excrement shooting from the bowels of our elected leaders now.
Jim Sinclair had an interesting comment on his site today:
“This evening in Asian trade, the Japanese Minister of Finance once again restated the new view out of Japan that the level of the Yen is no longer an obsession with the monetary authorities of that nation. His comments were interpreted by the Forex markets that intervention to stem the advance of the Yen is most unlikely. With that, market participants wasted little time bidding the Yen into a strong advance.
Those statements of his, combined with that of Federal Reserve Vice Chairman, Donald Kohn, that the US economy would not experience a quick or sharp recovery out of its recession, were both read by traders that US interest rates were not going anywhere anytime soon. Carry traders then beat the Dollar down below critical support near the 76 level on the USDX as they rushed into higher yielding currencies such as the Aussie and Loonie. The Euro also shot up to another new yearly high.”
If the Fed does not intend to raise interest rates – and let’s face it, they can’t – then we really are witnessing the end of the buck – first as a reserve currency (which has technically already happened over the last 2 months as banks have radically shifted their allocation of reserves), then as a currency, period. I suspect the first milestone will officially be crossed at the end of the month. By the end of next year, I think we will be hearing Congress and Obama bleat about developing a new currency/alternative to the dollar.
Participant[quote=Arraya]They must be shitting their pants at this point. There won’t be any kicking the can down the road this time.[/quote]
Are you looking at the USD index? 75.55! There’s no real support below this thing now until we hit 73. And by that time gold will be well over $1100. It’s almost like they have completely given up trying to kick the can.
I do believe there is a large amount of excrement shooting from the bowels of our elected leaders now.
Jim Sinclair had an interesting comment on his site today:
“This evening in Asian trade, the Japanese Minister of Finance once again restated the new view out of Japan that the level of the Yen is no longer an obsession with the monetary authorities of that nation. His comments were interpreted by the Forex markets that intervention to stem the advance of the Yen is most unlikely. With that, market participants wasted little time bidding the Yen into a strong advance.
Those statements of his, combined with that of Federal Reserve Vice Chairman, Donald Kohn, that the US economy would not experience a quick or sharp recovery out of its recession, were both read by traders that US interest rates were not going anywhere anytime soon. Carry traders then beat the Dollar down below critical support near the 76 level on the USDX as they rushed into higher yielding currencies such as the Aussie and Loonie. The Euro also shot up to another new yearly high.”
If the Fed does not intend to raise interest rates – and let’s face it, they can’t – then we really are witnessing the end of the buck – first as a reserve currency (which has technically already happened over the last 2 months as banks have radically shifted their allocation of reserves), then as a currency, period. I suspect the first milestone will officially be crossed at the end of the month. By the end of next year, I think we will be hearing Congress and Obama bleat about developing a new currency/alternative to the dollar.
Participant[quote=Arraya]They must be shitting their pants at this point. There won’t be any kicking the can down the road this time.[/quote]
Are you looking at the USD index? 75.55! There’s no real support below this thing now until we hit 73. And by that time gold will be well over $1100. It’s almost like they have completely given up trying to kick the can.
I do believe there is a large amount of excrement shooting from the bowels of our elected leaders now.
Jim Sinclair had an interesting comment on his site today:
“This evening in Asian trade, the Japanese Minister of Finance once again restated the new view out of Japan that the level of the Yen is no longer an obsession with the monetary authorities of that nation. His comments were interpreted by the Forex markets that intervention to stem the advance of the Yen is most unlikely. With that, market participants wasted little time bidding the Yen into a strong advance.
Those statements of his, combined with that of Federal Reserve Vice Chairman, Donald Kohn, that the US economy would not experience a quick or sharp recovery out of its recession, were both read by traders that US interest rates were not going anywhere anytime soon. Carry traders then beat the Dollar down below critical support near the 76 level on the USDX as they rushed into higher yielding currencies such as the Aussie and Loonie. The Euro also shot up to another new yearly high.”
If the Fed does not intend to raise interest rates – and let’s face it, they can’t – then we really are witnessing the end of the buck – first as a reserve currency (which has technically already happened over the last 2 months as banks have radically shifted their allocation of reserves), then as a currency, period. I suspect the first milestone will officially be crossed at the end of the month. By the end of next year, I think we will be hearing Congress and Obama bleat about developing a new currency/alternative to the dollar.
Participant[quote=Eugene]false rumor, encouraged and spread by some less than knowledgeable writers, of the oil nations turning away from the dollar was the catalyst for the stampede this past week into Gold. That rumor was later decisively quashed by Reuters. [/quote]
Hmmmm…so this is a false rumor because it’s been “decisively quashed” by Reuters? Wow, I’ll be sure to pay more attention next time when Reuters says that recovery and “green shoots” are in sight. LOL.
Of course the usual suspects are going to deny that the meeting took place, Eugene! Do you really expect them to admit, “Yeah, you got us. We were trying to dump the dollar and hoped to keep it under the table. Boy, you guys are good. Nicely done, Fisk!”
The good Mr. Nadler may have theories, as he sits in his little cubicle at Kitco. But Mr. Engendahl has actually spoken with the folks who matter:
“The secret plan was first reported by respected Middle East correspondent, Robert Fisk, in the British newspaper The Independent. [2] Fisk claims to have confirmed the existence of the plan from Arab as well as Hong Kong Chinese sources. I have confirmed from very senior and well-informed Gulf sources that the talks are real.”
http://www.atimes.com/atimes/Middle_East/KJ09Ak01.html
Max Keiser is also hearing the same thing from his sources in Paris and the MidEast:
Eugene, I don’t know how old you are, but if you are over 40 you should absolutely know NOT to believe something – until it is officially denied. And in fact, a Chinese banker quoted in the Fisk article prepared the more aware among us for this outcome:
“These plans will change the face of international financial transactions,” one Chinese banker said. “America and Britain must be very worried. You will know how worried by the thunder of denials this news will generate.”
Sorry to break it to you, Eugene, but gold didn’t even shoot up like this when the market collapsed last Fall. That’s when the real “panic” occurred – when the world was visibly falling apart – and yet gold did not move to $1060. Strange, don’t you think, that it is moving determinedly higher now without a market collapse on the front page of newspapers? That’s because something different is happening now. It’s not panic; it’s the methodical, deliberate destruction of the dollar.
If you pay close attention, you’ll notice that gold is not moving swiftly like a bull in a china shop; rather, it is moving slowly and methodically in an upward trajectory, dropping back a bit, then holding, then inching upward again.
This isn’t “panic”. This move indicates heavy players who are attempting to accumulate large sums of the metal without sending the market into convulsions by driving up the price quickly. This is precisely what one would expect from players who are moving in secret, while simultaneously denying that they are making moves.
You can fight what’s coming all you want, but it won’t change the outcome. You can either get on this train or get mowed over by it, Eugene. Your choice. But denial is futile at this point.
Enjoy your dollars – while you can.
Participant[quote=Eugene]false rumor, encouraged and spread by some less than knowledgeable writers, of the oil nations turning away from the dollar was the catalyst for the stampede this past week into Gold. That rumor was later decisively quashed by Reuters. [/quote]
Hmmmm…so this is a false rumor because it’s been “decisively quashed” by Reuters? Wow, I’ll be sure to pay more attention next time when Reuters says that recovery and “green shoots” are in sight. LOL.
Of course the usual suspects are going to deny that the meeting took place, Eugene! Do you really expect them to admit, “Yeah, you got us. We were trying to dump the dollar and hoped to keep it under the table. Boy, you guys are good. Nicely done, Fisk!”
The good Mr. Nadler may have theories, as he sits in his little cubicle at Kitco. But Mr. Engendahl has actually spoken with the folks who matter:
“The secret plan was first reported by respected Middle East correspondent, Robert Fisk, in the British newspaper The Independent. [2] Fisk claims to have confirmed the existence of the plan from Arab as well as Hong Kong Chinese sources. I have confirmed from very senior and well-informed Gulf sources that the talks are real.”
http://www.atimes.com/atimes/Middle_East/KJ09Ak01.html
Max Keiser is also hearing the same thing from his sources in Paris and the MidEast:
Eugene, I don’t know how old you are, but if you are over 40 you should absolutely know NOT to believe something – until it is officially denied. And in fact, a Chinese banker quoted in the Fisk article prepared the more aware among us for this outcome:
“These plans will change the face of international financial transactions,” one Chinese banker said. “America and Britain must be very worried. You will know how worried by the thunder of denials this news will generate.”
Sorry to break it to you, Eugene, but gold didn’t even shoot up like this when the market collapsed last Fall. That’s when the real “panic” occurred – when the world was visibly falling apart – and yet gold did not move to $1060. Strange, don’t you think, that it is moving determinedly higher now without a market collapse on the front page of newspapers? That’s because something different is happening now. It’s not panic; it’s the methodical, deliberate destruction of the dollar.
If you pay close attention, you’ll notice that gold is not moving swiftly like a bull in a china shop; rather, it is moving slowly and methodically in an upward trajectory, dropping back a bit, then holding, then inching upward again.
This isn’t “panic”. This move indicates heavy players who are attempting to accumulate large sums of the metal without sending the market into convulsions by driving up the price quickly. This is precisely what one would expect from players who are moving in secret, while simultaneously denying that they are making moves.
You can fight what’s coming all you want, but it won’t change the outcome. You can either get on this train or get mowed over by it, Eugene. Your choice. But denial is futile at this point.
Enjoy your dollars – while you can.
Participant[quote=Eugene]false rumor, encouraged and spread by some less than knowledgeable writers, of the oil nations turning away from the dollar was the catalyst for the stampede this past week into Gold. That rumor was later decisively quashed by Reuters. [/quote]
Hmmmm…so this is a false rumor because it’s been “decisively quashed” by Reuters? Wow, I’ll be sure to pay more attention next time when Reuters says that recovery and “green shoots” are in sight. LOL.
Of course the usual suspects are going to deny that the meeting took place, Eugene! Do you really expect them to admit, “Yeah, you got us. We were trying to dump the dollar and hoped to keep it under the table. Boy, you guys are good. Nicely done, Fisk!”
The good Mr. Nadler may have theories, as he sits in his little cubicle at Kitco. But Mr. Engendahl has actually spoken with the folks who matter:
“The secret plan was first reported by respected Middle East correspondent, Robert Fisk, in the British newspaper The Independent. [2] Fisk claims to have confirmed the existence of the plan from Arab as well as Hong Kong Chinese sources. I have confirmed from very senior and well-informed Gulf sources that the talks are real.”
http://www.atimes.com/atimes/Middle_East/KJ09Ak01.html
Max Keiser is also hearing the same thing from his sources in Paris and the MidEast:
Eugene, I don’t know how old you are, but if you are over 40 you should absolutely know NOT to believe something – until it is officially denied. And in fact, a Chinese banker quoted in the Fisk article prepared the more aware among us for this outcome:
“These plans will change the face of international financial transactions,” one Chinese banker said. “America and Britain must be very worried. You will know how worried by the thunder of denials this news will generate.”
Sorry to break it to you, Eugene, but gold didn’t even shoot up like this when the market collapsed last Fall. That’s when the real “panic” occurred – when the world was visibly falling apart – and yet gold did not move to $1060. Strange, don’t you think, that it is moving determinedly higher now without a market collapse on the front page of newspapers? That’s because something different is happening now. It’s not panic; it’s the methodical, deliberate destruction of the dollar.
If you pay close attention, you’ll notice that gold is not moving swiftly like a bull in a china shop; rather, it is moving slowly and methodically in an upward trajectory, dropping back a bit, then holding, then inching upward again.
This isn’t “panic”. This move indicates heavy players who are attempting to accumulate large sums of the metal without sending the market into convulsions by driving up the price quickly. This is precisely what one would expect from players who are moving in secret, while simultaneously denying that they are making moves.
You can fight what’s coming all you want, but it won’t change the outcome. You can either get on this train or get mowed over by it, Eugene. Your choice. But denial is futile at this point.
Enjoy your dollars – while you can.
Participant[quote=Eugene]false rumor, encouraged and spread by some less than knowledgeable writers, of the oil nations turning away from the dollar was the catalyst for the stampede this past week into Gold. That rumor was later decisively quashed by Reuters. [/quote]
Hmmmm…so this is a false rumor because it’s been “decisively quashed” by Reuters? Wow, I’ll be sure to pay more attention next time when Reuters says that recovery and “green shoots” are in sight. LOL.
Of course the usual suspects are going to deny that the meeting took place, Eugene! Do you really expect them to admit, “Yeah, you got us. We were trying to dump the dollar and hoped to keep it under the table. Boy, you guys are good. Nicely done, Fisk!”
The good Mr. Nadler may have theories, as he sits in his little cubicle at Kitco. But Mr. Engendahl has actually spoken with the folks who matter:
“The secret plan was first reported by respected Middle East correspondent, Robert Fisk, in the British newspaper The Independent. [2] Fisk claims to have confirmed the existence of the plan from Arab as well as Hong Kong Chinese sources. I have confirmed from very senior and well-informed Gulf sources that the talks are real.”
http://www.atimes.com/atimes/Middle_East/KJ09Ak01.html
Max Keiser is also hearing the same thing from his sources in Paris and the MidEast:
Eugene, I don’t know how old you are, but if you are over 40 you should absolutely know NOT to believe something – until it is officially denied. And in fact, a Chinese banker quoted in the Fisk article prepared the more aware among us for this outcome:
“These plans will change the face of international financial transactions,” one Chinese banker said. “America and Britain must be very worried. You will know how worried by the thunder of denials this news will generate.”
Sorry to break it to you, Eugene, but gold didn’t even shoot up like this when the market collapsed last Fall. That’s when the real “panic” occurred – when the world was visibly falling apart – and yet gold did not move to $1060. Strange, don’t you think, that it is moving determinedly higher now without a market collapse on the front page of newspapers? That’s because something different is happening now. It’s not panic; it’s the methodical, deliberate destruction of the dollar.
If you pay close attention, you’ll notice that gold is not moving swiftly like a bull in a china shop; rather, it is moving slowly and methodically in an upward trajectory, dropping back a bit, then holding, then inching upward again.
This isn’t “panic”. This move indicates heavy players who are attempting to accumulate large sums of the metal without sending the market into convulsions by driving up the price quickly. This is precisely what one would expect from players who are moving in secret, while simultaneously denying that they are making moves.
You can fight what’s coming all you want, but it won’t change the outcome. You can either get on this train or get mowed over by it, Eugene. Your choice. But denial is futile at this point.
Enjoy your dollars – while you can.
Participant[quote=Eugene]false rumor, encouraged and spread by some less than knowledgeable writers, of the oil nations turning away from the dollar was the catalyst for the stampede this past week into Gold. That rumor was later decisively quashed by Reuters. [/quote]
Hmmmm…so this is a false rumor because it’s been “decisively quashed” by Reuters? Wow, I’ll be sure to pay more attention next time when Reuters says that recovery and “green shoots” are in sight. LOL.
Of course the usual suspects are going to deny that the meeting took place, Eugene! Do you really expect them to admit, “Yeah, you got us. We were trying to dump the dollar and hoped to keep it under the table. Boy, you guys are good. Nicely done, Fisk!”
The good Mr. Nadler may have theories, as he sits in his little cubicle at Kitco. But Mr. Engendahl has actually spoken with the folks who matter:
“The secret plan was first reported by respected Middle East correspondent, Robert Fisk, in the British newspaper The Independent. [2] Fisk claims to have confirmed the existence of the plan from Arab as well as Hong Kong Chinese sources. I have confirmed from very senior and well-informed Gulf sources that the talks are real.”
http://www.atimes.com/atimes/Middle_East/KJ09Ak01.html
Max Keiser is also hearing the same thing from his sources in Paris and the MidEast:
Eugene, I don’t know how old you are, but if you are over 40 you should absolutely know NOT to believe something – until it is officially denied. And in fact, a Chinese banker quoted in the Fisk article prepared the more aware among us for this outcome:
“These plans will change the face of international financial transactions,” one Chinese banker said. “America and Britain must be very worried. You will know how worried by the thunder of denials this news will generate.”
Sorry to break it to you, Eugene, but gold didn’t even shoot up like this when the market collapsed last Fall. That’s when the real “panic” occurred – when the world was visibly falling apart – and yet gold did not move to $1060. Strange, don’t you think, that it is moving determinedly higher now without a market collapse on the front page of newspapers? That’s because something different is happening now. It’s not panic; it’s the methodical, deliberate destruction of the dollar.
If you pay close attention, you’ll notice that gold is not moving swiftly like a bull in a china shop; rather, it is moving slowly and methodically in an upward trajectory, dropping back a bit, then holding, then inching upward again.
This isn’t “panic”. This move indicates heavy players who are attempting to accumulate large sums of the metal without sending the market into convulsions by driving up the price quickly. This is precisely what one would expect from players who are moving in secret, while simultaneously denying that they are making moves.
You can fight what’s coming all you want, but it won’t change the outcome. You can either get on this train or get mowed over by it, Eugene. Your choice. But denial is futile at this point.
Enjoy your dollars – while you can.
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