Beiträge von bullionbulls

The Silly Silver Manipulators

It is now clear that the precious metals market was “set up” this week by the bankers for a major take-down (a “take-down” which is already starting to fizzle-out).

It began with the piece by World Bank president Robert Zoellick “suggesting” a return to some sort of gold standard. Having a banker come out with that remark was designed to whip the bulls into a manic frenzy – and it worked. Not only bullion prices, but the share prices of mining stocks began to shoot up in the rapid, erratic manner indicative of manic buying.

To “help” the process along, it’s clear that mining-shorts were actually pushing the share prices of gold and silver miners higher especially as the market opened Tuesday morning. Once they had longs extended (over-extended?) to the maximum degree, the “ambush” was launched: “margin” was reduced on silver trading accounts by about 30%, with absolutely no warning. Or rather, I should say there was no warning to the general public.

Apparently the bullion-banks were tipped-off, since despite their plans to ambush “longs”, the bullion-banks were covering their own short-positions (and taking heavy losses on rising prices) – to reduce their own margin in anticipation of this announcement. As a result, only the longs were forced to cover margin-calls after this “surprise” announcement. Then, with the bankers pushing-down on the silver price with all their might, they leveraged all of the long margin-players out of the silver market – inducing the expected, large drop in price...

No doubt the bankers (and the corrupt U.S. regulators who serve them) are busy patting themselves on the back for the “success” of their latest operation. However, to me, all that comes to mind is the image of Wile E. Coyote. Those who can still recall their cartoon-watching years will be familiar with how the attempts of poor, hapless Wile E. to trap the Roadrunner always ended-up (literally) blowing up in his face. And so it is with the bullion bankers...

full commentary: http://www.bullionbullscanada.…ver-commentary&Itemid=130

Deutsche:

Die Silly Silver Manipulatoren

...in grob Underpricing-silbern, die Bullion-Banken direkt verantwortlich für die Explosion in der industriellen Nachfrage Silber. In Einengung des Angebots, während radikal Stimulierung der Nachfrage waren die Bankiers enorm "erfolgreich". In nur 15-Jahres-Spanne, stürzte globalen Silber Vorräte um 90%...

http://translate.google.com/tr…commentary%26Itemid%3D130

Gold Standard Nirvana

...In fact, the only thing for which we lack enough gold/silver is as fuel for the endless Ponzi-schemes created by bankers, and which are only possible in a world where reckless money-printing generates a permanent inflation-spiral. If that is the world one wants to live in, then by all means, reject the gold standard – and have fun trying to outmaneuver the bankers, as they dilute your “money” while robbing you blind.

For those who would like to visualize a different kind of global economy, let’s see what a gold (or silver) standard would bring us. To start with, we must first separate fantasy from reality. The modern capitalist model, as Ben Bernanke tells us, is built upon permanent inflation (or, rather, infinite currency dilution). Such a world is 100% guaranteed to degenerate into a collection of debt-bloated Ponzi-schemes (like the U.S. is today) unless you believe the implicit premise behind this economic “order” which the bankers have foisted upon us: that we can have infinite growth in a finite system...

full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Deutsche:

Gold Standard Nirvana

...Hier ist, wo wir in die faszinierende, empirische Phänomen des Goldes der Welt liefern zu bekommen. Grob gesagt, das hat bei einem relativ stabilen Satz von 2% pro Jahr gestiegen. Mit erstaunlicher Zufall, das ist fast genau die Höhe des Stroms, nachhaltiges Wachstum, von denen unsere globalen Wirtschaft ist in der Lage...

volle kommentar: http://translate.googleusercon…LN-1ap0RIfgVaKLEEpUCctnUg

Oligarchs Collude On Foreclosure Fraud

...Our bought-and-paid-for political leaders have ignored the two centuries of capitalist theory which warns us of these parasitic behemoths, and in doing so have unleashed their destructive forces on our economies.

Nowhere is this failure more visible than in the U.S., with the inherently evil Wall Street Oligarchs having scammed the world for more trillions of dollars over the last decade than all “white-collar crime” in all the rest of the world, throughout history, combined. What has been the response of the U.S. government to this unprecedented crime-wave? It has handed the Oligarchs roughly $15 trillion in direct hand-outs, 0% “loans” (i.e. more hand-outs), infinite guarantees of banker “assets”, and huge tax-breaks – in order to allow these Oligarchs to grow much bigger.

The mechanism for Wall Street being able to blackmail the U.S. government for $15 trillion is already well-known: the argument (spawned by the Oligarchs themselves) that these predatory entities are “too big to fail”. In fact, that argument has always been inherently nonsensical. Refusing to exterminate parasites because one is worried that they may “kill the host” (i.e. the U.S. economy) is an irrelevant concern when refusing to exterminate these parasites guarantees the death of the host...

full commentary: http://www.bullionbullscanada.…:us-commentary&Itemid=132

Oligarchen konspirieren auf Abschottung Betrugsbekämpfung

...Wir können in der Zeit zurückgehen und die Geschichte sehen klares Muster von Absprachen zurück zehn Jahren. MERS ("Mortgage elektronische Registrierung Systems") war vor einem Jahrzehnt geschaffen, und ein Blick auf alle die Banker mit ihren Gründern, Offiziere und Verwaltungsrat sofort verrät, dass dies ein "Community"-Projekt auf den Teil der Oligarchen war. Und die 60 Millionen Hypotheken gefüllt in diese Datenbank in nur einem Jahrzehnt offensichtlich zeigen Sie auf Absprachen und nicht als "Zufall"...

http://translate.googleusercon…p_BVCnquWMNz6spOn624Ub37A

Debating Silver Manipulation

Last week, I wrote a piece about the purported “debate” which took place on BNN earlier that week – on the subject of silver manipulation. This event was in response to the stunning remarks of CFTC Commissioner, Bart Chilton: that he had observed enough evidence of such manipulation in the public domain to conclude that U.S. bankers had “fraudulently” and “deviously” sought to manipulate the silver market via the U.S.’s “Comex” exchange.

Presumably, such a debate would have attempted to piece-together such evidence with one side arguing in favor of such evidence, and the other side arguing against it. In fact, during this 9-minute sham, no significant evidence of any kind supporting “manipulation” was raised (by either side), but rather the whole point of this exercise seemed to be not about “debating” silver manipulation, but rather simply discrediting Commissioner Chilton, following his courageous and unprecedented remarks.

To support my conclusion, let me briefly introduce a small portion of the evidence which could have been argued in a serious debate...

full commentary: http://www.bullionbullscanada.…ver-commentary&Itemid=130

Debating Silbermanipulation

...Richter George Painter ist eine der beiden Verwaltungsrecht Richter, die über CFTC Untersuchungen / Beschwerden Vorsitz (für die letzten zwei Jahrzehnten). Richter Painter vor kurzem angekündigt, seine eigenen Pläne in den Ruhestand. Hier ist, was er über einen anderen Richter der CFTC zu sagen hatte: Bruce Levine:

"Am ersten Woche Richter Levine am Arbeitsplatz, vor fast zwanzig Jahren kam er in mein Büro und erklärte, er habe Wendy Gramm versprochen, dann Vorsitzende der Kommission, dass er nie in einer Beschwerdeführerin zugunsten ausschließen würde. Eine Überprüfung seiner Entscheidungen wird bestätigen, dass er sein Gelübde erfüllt ..."

volle Kommentar: http://translate.googleusercon…ebqch_dUlBbWvj0GcJ1NkpzaA

Good Money and The Fall of Bankers

Last week I wrote a piece titled “The Return to Good Money”, based upon the practical and innovative proposal from Hugo Salinas Price for the United States to return to a quasi-silver based monetary system, where silver “money” would be circulated parallel to the bankers’ paper-dollars.

This is totally different from the current, gold and silver coins minted by the U.S. (and Canadian) government. These coins are given an arbitrary (and ridiculously undervalued) denomination by our governments, to punish those Canadians and Americans who try to protect their wealth from the ravages of banker-induced “inflation” – which is nothing more than the rate at which our paper money is being destroyed through dilutive money-printing.

In contrast, in the monetary system envisioned by Price, silver coins would be introduced as a parallel form of currency, giving citizens a free and direct choice between securing their wealth with precious metals, or holding paper-dollars , which are fully exposed to the bankers’ monetary debauchery. Naturally such a system represents a grave threat to the world of paper-currencies created by bankers, where scamming and stealing from people has been made incredibly simple through forcing everyone to hold the bankers’ ever more diluted paper.

Before getting into today’s topic, I want to spend a moment briefly expanding upon how our current, paper monetary systems make it so easy for the bankers to take advantage of us, for those who are still unfamiliar with this centuries-old scam. To begin with, we must take note of the rabid desire by the Federal Reserve to “create more inflation”...

full commentary: http://www.bullionbullscanada.…ver-commentary&Itemid=130

Deutsche:

Gutes Geld und The Fall of Bankers

...Dies ist der Grund, warum Banker haben einen pathologischen Hass auf alles "Geld" (dh Gold und Silber), die sie nicht verdünnen kann oder Ausschweifung mit einer Druckmaschine. Wenn die Menschen nicht ständig mit sich ihren Reichtum durch die Inflation beschlagnahmt, dann sind sie nicht gezwungen werden, diesen Reichtum an die Bankiers "investiert" werden die Hand. Offensichtlich ist die Bankiers nicht scam Menschen, wenn sie nicht verderben ihr Geld und können niemals ihre Hände auf ihren Reichtum. Aber Preis geht sogar noch weiter in seinem eigenen Vorschlag...

volle Kommentar: http://translate.googleusercon…x4pVrFshe0UVhJP3WB9INzjhw

Good Money and The Fall of Bankers

Last week I wrote a piece titled “The Return to Good Money”, based upon the practical and innovative proposal from Hugo Salinas Price for the United States to return to a quasi-silver based monetary system, where silver “money” would be circulated parallel to the bankers’ paper-dollars.

This is totally different from the current, gold and silver coins minted by the U.S. (and Canadian) government. These coins are given an arbitrary (and ridiculously undervalued) denomination by our governments, to punish those Canadians and Americans who try to protect their wealth from the ravages of banker-induced “inflation” – which is nothing more than the rate at which our paper money is being destroyed through dilutive money-printing.

In contrast, in the monetary system envisioned by Price, silver coins would be introduced as a parallel form of currency, giving citizens a free and direct choice between securing their wealth with precious metals, or holding paper-dollars , which are fully exposed to the bankers’ monetary debauchery. Naturally such a system represents a grave threat to the world of paper-currencies created by bankers, where scamming and stealing from people has been made incredibly simple through forcing everyone to hold the bankers’ ever more diluted paper.

Before getting into today’s topic, I want to spend a moment briefly expanding upon how our current, paper monetary systems make it so easy for the bankers to take advantage of us, for those who are still unfamiliar with this centuries-old scam. To begin with, we must take note of the rabid desire by the Federal Reserve to “create more inflation”...

full commentary: http://www.bullionbullscanada.…ver-commentary&Itemid=130

Deutsche:

Gutes Geld und The Fall of Bankers

...Dies ist der Grund, warum Banker haben einen pathologischen Hass auf alles "Geld" (dh Gold und Silber), die sie nicht verdünnen kann oder Ausschweifung mit einer Druckmaschine. Wenn die Menschen nicht ständig mit sich ihren Reichtum durch die Inflation beschlagnahmt, dann sind sie nicht gezwungen werden, diesen Reichtum an die Bankiers "investiert" werden die Hand. Offensichtlich ist die Bankiers nicht scam Menschen, wenn sie nicht verderben ihr Geld und können niemals ihre Hände auf ihren Reichtum. Aber Preis geht sogar noch weiter in seinem eigenen Vorschlag...

volle Kommentar: http://translate.googleusercon…x4pVrFshe0UVhJP3WB9INzjhw

If the members of this forum would like more evidence of the importance of Bart Chilton's remarks on silver-manipulation, watch the efforts of the North American media to attempt to discredit this public official.

The Great(?) Silver Debate

"...Once again, we see Christian’s modus operandi in action: unable to state anything substantive in his repeated, public attempts to denounce the existence of precious metals manipulation, he consistently resorts to insulting and demeaning any and all other entities – who present their own arguments with eloquence, logic, and mountains of “circumstantial evidence”..."

full commentary: http://www.bullionbullscanada.…ver-commentary&Itemid=130

Wenn die Mitglieder dieses Forums möchte mehr Beweise für die Bedeutung der Bart Chilton Bemerkungen über Silber-Manipulation, sehen die Bemühungen der nordamerikanischen Medien zu versuchen, diese Beamten zu diskreditieren.

Der große (?) Silber Debatte

"...BNN ist Teil der Thompson / Reuters Medien Oligopol - was die Berichterstattung über Business-News in Kanada dominiert in der gleichen Weise, dass eine Handvoll Oligarchen in der Lage, den US-Medien dominieren.

Regelmäßige Leser werden sehr vertraut mit meinen Ansichten über diese Oligopole: sie dienen ausschließlich der "Corporate Agenda", mit Unterstützung unserer großen Banken ein Teil dieser Agenda, war ich skeptisch, was die Echtheit der BNN Ausübung, noch bevor ich erfuhr von ihrer Wahl von einem "Gegner" für Christen. Ich frage Leser diesen Gedanken im Hinterkopf behalten - und sehen, ob es gerechtfertigt ist, wenn sie diese Analyse lesen der "Debatte"..."

http://translate.googleusercon…go4wcnIViAUsAhkRdt11fT5cg

The U.S. Election and Gold

...Fortunately, Americans won’t be forced to think about who to vote for – in this or any other election. With typical American ingenuity, the U.S. political system compensates for not giving the American voter any choice, by letting them choose twice as often as in all those other “lesser democracies”.

American politics can be thought of as a tennis match. First, George Bush Jr. graciously serves-up an election-victory to the Democrats, and now Barack Obama politely volleys a win back to the Republicans. Oh sure, the votes haven’t been counted yet – in fact they haven’t even been cast – but we already know who is going to win.

It will be the same party that always wins U.S. elections: the one which receives the most “donations” from Corporate America, in general, and Wall Street in particular. We can say a lot of nasty things about Wall Street bankers, but one thing we must give them credit for is that they sure know how to bribe their politicians. Very rarely will they waste their politician-buying dollars by giving the biggest “cut” of their bribes to a mere runner-up...

full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Deutsche:

Die US-Wahl und Gold

...An diesem Punkt bin ich mir sicher meine Edelmetalle Leser sind in ihren Stiefeln zitterte. Mit dem Wirtschafts-Nirvana, die Republikaner sind dabei, Usher-in für den weltgrößten Volkswirtschaft - zusammen mit den unzweifelhaften Wiederaufleben des "starken Dollar" - wer vielleicht wünschen würde, um auf die "barbarische Relikt" hängen: Gold?...

http://translate.googleusercon…yznHjqCdbOhJuVJGo1O8KuzqQ

Researching Gold/Silver Mining Companies III

In Part I of this series, I introduced novice investors to this sector to some of the basic metrics we use to do a preliminary evaluation of these companies. This was followed-up by our Mining Coordinator, Brian Boutilier explaining how he uses similar criteria in his initial “screening process” with these companies.

In Part II, I delved more deeply into the data on these companies, focusing on the “producers” and “near-term producers”. In Part III, I will move even further back up the “food chain” of these companies, to the earliest stages of development, to explain to readers the differences in how such companies are evaluated (and valued). This will be complimented by Brian Boutilier’s hands-on “tutorial”, where he applies this methodology in doing a real-life evaluation of one of these companies.

As investors saw in the previous installment, valuing producers and near-term producers is a relatively straightforward process. The producers can be evaluated through operational data, while the near-term producers (by definition) have already engaged in some sort of “feasability study” – which is a detailed, scientific analysis of how a particular miner will extract and process the resource, along with a detailed estimate of profitability/return on investment.

With earlier-stage mining companies, such simple and straightforward evaluations are not possible, which is why these companies are geared for investors who have already acquired a significant amount of experience/expertise in evaluating these miners. In fact, before we can attempt to evaluate such companies, we must engage in more detailed categorization – which involves ascertaining the objective of a mining company regarding a particular project(s).

Why should we bother to take the time (and added risk) to evaluate and invest in such companies? Buy one of these earlier-stage companies at the right time, and you can obtain a return on your investment in weeks which might take years to duplicate through holding a producer/near-producer.

Sensing “visions of dollar signs” dancing before the eyes of readers, I will pause at this point to provide a cautionary note to those who are suddenly thinking “get rich quick”. As the old adage goes, markets have a habit of ensuring that “pigs get slaughtered”. Those who think they can waltz into these companies figuring they will make quick trades for fabulous profits almost always manage to destroy themselves...

full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Researching Gold/Silver Mining Companies III

In Part I of this series, I introduced novice investors to this sector to some of the basic metrics we use to do a preliminary evaluation of these companies. This was followed-up by our Mining Coordinator, Brian Boutilier explaining how he uses similar criteria in his initial “screening process” with these companies.

In Part II, I delved more deeply into the data on these companies, focusing on the “producers” and “near-term producers”. In Part III, I will move even further back up the “food chain” of these companies, to the earliest stages of development, to explain to readers the differences in how such companies are evaluated (and valued). This will be complimented by Brian Boutilier’s hands-on “tutorial”, where he applies this methodology in doing a real-life evaluation of one of these companies...

full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Bank ‘Reform’ Makes All Oligarchs Permanently Too-Big-To-Fail

...the Oligarchs are much, much bigger. They have doubled their reckless gambling, and now the U.S. government is explicitly backing their private casino: the derivatives market. What this means is that in the next systemic crisis created by Oligarch-greed, the argument which will be advanced (by both Republicans and Democrats) is not that the Oligarchs have to be saved because they are “too big to fail”. Even for the apathetic sheep of the American electorate, this would be too great an outrage.

No, in the future, unlimited and infinite funding of the banksters’ gambling will be provided by the U.S. government because with the U.S. now “guaranteeing” an amount which exceeds twenty times global GDP, it is the solvency of the United States, itself which is now directly on the line in each-and-every future crisis created by these bankers.

Thus, the political “spin” which both halves of the two-party dictatorship will use to “justify” TARP II, TARP III, and TARP XX is that they must give the Oligarchs anything and everything they ask for to prevent the United States itself from being bankrupted from these future “crises” (i.e excessive Wall Street gambling). Obviously, if you ever intend to “cure” gambling-addicts, “guaranteeing” all their future gambling-debts is not the way to do it...

full commentary: http://www.bullionbullscanada.…:us-commentary&Itemid=132

Foreclosure Fraud Fall-out

...This client’s lawyer, another foreclosure specialist, was equally strident. He simply stated that this massive scandal would “fundamentally destabilize” the entire U.S. real estate market. Pines interjected again.

“This is not only residential, this is commercial.” In that respect, what Pines meant is that we are about to see the same scenario play-out in the multi-trillion dollar U.S. commercial real estate market. At this point he came out with his real “bombshell”: “Nobody in this country knows for sure who owns any real estate.”

He qualified that remark very slightly, by stating that anyone who owned their property free-and-clear before mortgage securitization started in the 1980’s was likely in the clear. Roughly speaking, this would probably comprise no more than 10 – 20% of the U.S. real estate market.

Note, however, that it is not necessary for 80 – 90% of all property titles in the U.S. to be defective, or even possibly defective. Even if only 10 – 20% were defective (still an astronomical number), that this is more than enough to permanently depress real estate prices in the U.S...

full commentary: http://www.bullionbullscanada.…:us-commentary&Itemid=132

John Williams of Shadowstats.com has predicted hyperinflation for the U.S. as early as this year. So the members of this forum should understand that the start of a hyperinflationary spiral is even MORE likely across the Atlantic.

There are some very important logical concepts in this piece, which can probably be appreciated by the (German) audience of this forum more than anywhere else. If nothing else, it should greatly raise your awareness of how totally oblivious most of your "neighbours" are with respect to the severity of current economic problems - and the HUGE risk of hyperinflation.

How High for Gold and Silver? Part II: Hyperinflation

http://www.bullionbullscanada.…old-commentary&Itemid=131

There are some very important logical concepts in this piece, which can probably be appreciated by the (German) audience of this forum more than anywhere else. If nothing else, it should greatly raise your awareness of how totally oblivious most of your "neighbours" are with respect to the severity of current economic problems - and the HUGE risk of hyperinflation.

How High for Gold and Silver? Part II: Hyperinflation

http://www.bullionbullscanada.…old-commentary&Itemid=131

Researching Gold/Silver Mining Companies III

In Part I of this series, I introduced novice investors to this sector to some of the basic metrics we use to do a preliminary evaluation of these companies. This was followed-up by our Mining Coordinator, Brian Boutilier explaining how he uses similar criteria in his initial “screening process” with these companies.

In Part II, I delved more deeply into the data on these companies, focusing on the “producers” and “near-term producers”. In Part III, I will move even further back up the “food chain” of these companies, to the earliest stages of development, to explain to readers the differences in how such companies are evaluated (and valued). This will be complimented by Brian Boutilier’s hands-on “tutorial”, where he applies this methodology in doing a real-life evaluation of one of these companies...

full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Competitive Advantage Versus Competitive Devaluation

In recent weeks, readers have listened to one talking-head after another proclaiming that we are “trapped” in the monetary game of “competitive devaluation”. It’s all drivel. For decades, the United States had the world’s strongest economy – by a wide margin. And during those same decades, the U.S. had a strong dollar.

Was the U.S. some sort of economic miracle-worker, able to thrive in spite of a strong dollar? Absolutely not. It’s economic strength was a direct consequence of a strong dollar. This would be obvious to anyone with a basic understanding of trade and economic fundamentals. And it will be obvious to anyone/everyone without such a background as soon as I explain these concepts – and the difference between them.

First of all, there is never any long-term “economic advantage” in having a weak currency. This is yet more banker-mythology. Allowing one’s currency to depreciate (or having it forced upon you) is a form of indirect subsidization, whereby the entire population has an involuntary reduction in their standard of living transformed into a (socialist) “subsidy” for uncompetitive businesses...

full commentary: http://www.bullionbullscanada.…nal-commentary&Itemid=133

The Gold Economy

...I shall attempt to construct a plausible, hypothetical model of how the majority of our commerce might take place in a “hyperinflation” scenario.

While this is a scenario which is far more likely for the U.S. (and the U.S. dollar) than other nations/economies, the reckless manner in which the seemingly brain-dead “leaders” of other nations are following the U.S. in trying to drive their currencies to zero certainly suggests that if the U.S. is the first economy to implode via hyperinflation that it won’t be the last.

In reading the thoughts of other astute writers on this subject, there are some common themes which represent near-certainties in any economy subjected to hyperinflation. The first thing which we can rely upon is the instant creation of some form of “blackmarket”. This does not necessarily imply a criminal basis of operation, but merely a parallel system of commerce for that economy...

full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Deutsche:

Die Gold-Wirtschaft

...Was ist wichtig zu beachten ist, dass selbst wenn wir spielen die Regierung das Spiel, und so tun (zum Argumentation willen), dass es sogar möglich, ein "Wertzuwachs" haben war einfach durch Aufnahme von unterschiedlichen Formen der gleichen Nation "gesetzliches Zahlungsmittel", wir siehe die inhärente Diebstahl hier stattfindet. Als eine Angelegenheit der elementarsten Logik, wenn unsere Regierung zu behaupten, will man "Veräußerungsgewinne" auf unserer Gold-und Silber-Dollar-Dollar verdienen, dann muss es Veräußerungsverluste aus unserem Besitz Papier-Dollar (da alle erlauben, sind gesetzliche Zahlungsmittel ).

Mit dem Papier-Dollar Überzahl der Gold-Dollar und das Silber-Dollar (von vielen Faktoren), ist es finanzieller Selbstmord für die Regierungen Kapitalgewinne und Kapitalverluste zu Einzelpersonen, die verschiedenen Formen von unseren nationalen, gesetzliches Zahlungsmittel zu ermöglichen. Zu behaupten, wir können "Veräußerungsgewinne" auf unserer Gold-und Silber-Dollar-Dollar (kann aber nicht machen "Kapitalverluste" auf unserer Papier-Dollar) machen nicht nur offenkundige Heuchelei, sondern eklatante Diebstahl...

volle Kommentar: http://translate.googleusercon…ytcm5Nf3VWpJrZtzghd7aWlqQ

Competitive Devaluation and Gold, or Gold and the Bond-Bubble(s)

...it’s impossible for every nation to simultaneously have trade-surpluses, since trade is (by definition) a zero-sum game: for every “surplus” there is a corresponding “deficit”. This means that with everyone trying to do this at once, that (roughly speaking) at least half the nations are doomed to fail – on that basis alone.

To further amplify the idiocy of this monetary ritual-suicide (by Western governments), these governments are engaging in competitive devaluation, irrespective of whether they have anything to sell and/or irrespective of whether there is anyone to buy their goods. The only people with any spending-power (in aggregate terms) are the citizens of Asian/developing economies. However, Japan and the Western debtor-nations are generally only competitive (even with debauched currencies) in producing high quality/hi-tech goods – goods which are still out of reach for most of the low-but-rising incomes of the surplus nations.

This means that even if only one Western nation was engaged in this form of economic devolution that the likelihood of success could not possibly justify the guaranteed harm which comes from destroying the wealth of one’s own citizens, compounded by the ever-increasing risk of hyperinflation if these monetary lemmings are too “successful” in destroying their own currencies.

It is ironic that it is our debt-pushing bankers who are 100% responsible for this voluntary mass-destruction of all the fiat, paper-currencies which they claimed were our path to prosperity. Even more ironic, the only possible end-result of this hopeless gamble is that investor wealth will flee all forms of banker-paper...

full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Zitat von trenntWände

An dieser Stelle ein herzliches Dankeschön an Gordon Brown!

As soon as I saw the title of this post, I knew I should post something I put on our bulletin board, during the weekend.

"A fool and his gold are soon parted... "

The difference is that I was writing about an idiot who used to work for the IMF: Kenneth Rogoff:

http://www.chinadaily.com.cn/t…0/02/content_11374685.htm

Deutsche:

Sobald ich den Titel von diesem Post sah, wusste ich, ich sollte etwas Beitrag habe ich auf unserem Schwarzen Brett, am Wochenende.

"Ein Narr und sein Gold werden bald trennten sich ..."

Der Unterschied ist, dass ich über ein Idiot, der für den IWF Arbeit verwendet schriftlich: Kenneth Rogoff

http://www.chinadaily.com.cn/t…0/02/content_11374685.htm

I am quite often asked by readers “what do you think will happen?” in some monetary Armageddon-scenario, such as the complete collapse of the entire, global fiat-currency system, or ‘merely’ the collapse of their own, domestic paper. It’s a very reasonable question, since many precious metals commentators (including myself) regularly warn readers that this is a very real possibility, if not a near-inevitable fate.

I generally decline to attempt such answers, since there are so many important, additional economic “variables” to contend with – not to mention the numerous social and political variables involved. What I can attempt to do is to suggest how some narrow facet of our futures might evolve. In this particular case, I shall attempt to construct a plausible, hypothetical model of how the majority of our commerce might take place in a “hyperinflation” scenario.

While this is a scenario which is far more likely for the U.S. (and the U.S. dollar) than other nations/economies, the reckless manner in which the seemingly brain-dead “leaders” of other nations are following the U.S. in trying to drive their currencies to zero certainly suggests that if the U.S. is the first economy to implode via hyperinflation that it won’t be the last.

In reading the thoughts of other astute writers on this subject, there are some common themes which represent near-certainties in any economy subjected to hyperinflation. The first thing which we can rely upon is the instant creation of some form of “blackmarket”. This does not necessarily imply a criminal basis of operation, but merely a parallel system of commerce for that economy...

full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Deutsche:

"Die Gold-Wirtschaft"

...Wenn (wann?) Hyperinflation den USA, was US-Bürger nutzen um Währungs-Hits? Kanadischen Dollar? Mexikanische Pesos? Das offensichtliche Problem ist, dass relativ große Bevölkerung der USA (und Wirtschaft) gibt es viel zu wenig von diesen Währungen (oder irgendeine andere, eine Währung) - insbesondere in wirkliche, Papier - mehr als ein Bruchteil des Angebots Notwendigkeit für eine reibungslose Betrieb Schwarzmarkt in den USA...

vollständige Kommentar:

http://translate.googleusercon…pyMSwHqbIxeeqodo6tQXtEcTQ