I was driving down the highway last week and passed a large semi loaded with lumber. The thought went through my mind that the lumber represented wealth as it was the result of growing the trees harvesting them and processing the raw product into finished lumber. The lumber was a store of wealth and could be traded for other items of value, or sold for dollars. The federal reserve with little to no effort, could print money and buy the lumber, which would be synonymous with stealing it. It could be viewed as a wealth transfer, which is exactly what the dollar printing is, a transfer of wealth from those holding dollars or dollar denominated assets to those receiving the newly printed money, namely the very wealthy federal reserve big member banks. You could say the same thing for PM mining or any other productive activity.
The owner of the lumber spent time, used his land and water resources, and labored to end up with a truck load of lumber, something of real value. The federal reserve prints dollars to buy (steal) the lumber and that is supposed to stimulate the economy? Maybe Krugman can explain it to me, but I doubt it as I am a very dumb knuckle dragging engineer and he is an ivory tower PHD (Post Hole Digger) economics professor who is always right, just ask him even though he would not know a PHD if it knocked him on his butt.
Then wouldn't most carry silver instead. I don't walk around with a wallet full of c-notes for similar reasons.
Keynesian economics has failed. The world's economies, working with a bogus ideology, or perhaps a purposeful ambition to destroy the middle class, (methinks both), are building a terrible failure that will soon be apparent. The additional 2 $Trillion that the G20 countries have said they will inflate with, always to spur economic recovery, but in reality to decimate the middle class, may be the necessary catalyst.
The real sign post here is the unusual behavior of tangible asset prices given the ongoing worldwide pollution with the fiat currencies.
My point was that a few gold coins represents a lot more value than one would typically carry around in ones pocket...YUP.
10 days ago Japan stimulates trillions, markets roar, today's in recession, market fades-as if 10 days of stimulus was supposed to cure instantly, for the "I want it now" generation. (look where Freddy Mercury is today and where he got it NOW). FOMC Minutes should be released on DVD. Investors always look for alternate endings.
But the biggee is the anticipated return of "baby it's cold outside", last year's answer to fading this, lower that. There's evidence to show retail, after 7 lean years, might be turning up, as goyim rush to buy holiday presents, marking time till they're all dead basking in make believe Valhallas. Personally, I like Vikings, girls are prettier, I just wish they had deodorant then.
PPI/CPI, profits thin but that's why PPI/CPI are tame. Housing? Marginal increases. New construction? Last gasp till "baby it's cold outside". Silver safe haven? Meh-bee.
Nov 17 8:30 AM Empire Manufacturing Nov - 12.0 12.0 6.2 -
Nov 17 9:15 AM Industrial Production Oct - 0.0% 0.2% 1.0% -
Nov 17 9:15 AM Capacity Utilization Oct - 79.2% 79.3% 79.3% -
Nov 18 8:30 AM PPI Oct - -0.2% -0.2% -0.1% -
Nov 18 8:30 AM Core PPI Oct - 0.1% 0.1% 0.0% -
Nov 18 10:00 AM NAHB Housing Market Index Nov - 54 55 54 -
Nov 18 4:00 PM Net Long-Term TIC Flows Sep - NA NA $52.1B -
Nov 19 7:00 AM MBA Mortgage Index 11/15 - NA NA -0.9% -
Nov 19 8:30 AM Housing Starts Oct - 1000K 1025K 1017K -
Nov 19 8:30 AM Building Permits Oct - 1050K 1040K 1031K 1018K
Nov 19 10:30 AM Crude Inventories 11/15 - NA NA -1.735M -
Nov 19 2:00 PM FOMC Minutes 10/29 - - - - -
Nov 20 8:30 AM Initial Claims 11/15 - 285K 285K 290K -
Nov 20 8:30 AM Continuing Claims 11/08 - 2375K 2375K 2392K -
Nov 20 8:30 AM CPI Oct - -0.2% -0.1% 0.1% -
Nov 20 8:30 AM Core CPI Oct - 0.1% 0.1% 0.1% -
Nov 20 10:00 AM Existing Home Sales Oct - 5.10M 5.17M 5.17M -
Nov 20 10:00 AM Philadelphia Fed Nov - 15.0 18.0 20.7 -
Nov 20 10:00 AM Leading Indicators Oct - 0.6% 0.6% 0.8% -
Nov 20 10:30 AM Natural Gas Inventories 11/15 -
Yeah, those that have paper money and get their pockets picked or their purses snatched have an obvious advantage over those with gold and silver coins.... NOT.
1-Russia buying more gold than ever before.
And the big one;
on 30 November. Voters in Switzerland will decide to possibly require the Swiss National Bank to have gold reserves of at least 20% of the value of the assets of the Swiss National Bank, and see all Swiss gold currently held in the Federal Reserve Bank of New York returned to Switzerland.
Even if it doesn't pass, just the thought they want this moves us eerily closer to some sort of currency breakdown.
It's not welcome back to any 11th century idea.
Nor should it be proposed to resemble any makeshift comparison to any particular religious idealogy.
It's plain and simple. As ugly as ISIS are, starting a currency is a part of infrastructure of any future governing body and people. Agreed they are a threat, they are modern killers, terrorist any name you wish to apply, but they are well organized.Their leaders some of whom are former revolutionary guards KNOW, printing paper money can be manipulated by foreign governments and manipulated from within.
Gold and silver coinage cannot be manipulated.
They are all too familiar with Iraqi Dinars!!!
The question I have is, if we are bombing their infrastructure, how do they get to smelt gold and silver, and manufacture currency?
Hmm.I guess the same way we allow them to manufacture their uniforms...........
Who is running this war anyway?
Lal la la la la la
This is a very interesting development, a return to value for value or substance for substance transactions again. We really shouldn't be surprised, though. Islamic adherents, like Christianity and the early Hebrews, are told that usury is not something they should be involved in yet all the fiat currencies are based on it as though an evil seed has been planted and taken root.
Remember, though, this is exactly why Saddam and Muammar are pushing up opium poppies.
I don't know if any one notice but for the last month silver always falls in Asia.
Someone did- read - The MOAMOPE by James C. McShirley
Submitted by lemetropole on 08/25/2014 14:34 -0400
The advent of computer generated trading algorithms heralded a quantum leap forward in the quest for 24/7 control of markets. No longer were humans beings required to do such unseemly things as man trading desks or worry a whit if free markets were, if even infrequently, attempting to function. Algo precision has made even the blackest of black swan events seem to turn lily white in their utter non-eventfulness. No more significant Dow or bond crashes, and best of all, no gold rallies exceeding (exactly) 1.00%, or the occasional 2.00%. Algo sentinels now stand in a permanent state of vigilance, keeping MOPE alive. (MOPE is what Jim Sinclair refers to as "management of perspective economics".) Market manipulations and control of gold trading are what I have documented now for over 15 years. Many of these manipulations are well-worn, tried and true. Nearly all have intensified over the past 3 years. It seems as if one could throw a dart on a trading dartboard and hit an anomalous trading pattern nearly every time. Even with that said, I was stunned to stumble on to the biggest trading anomaly of all: the MOAMOPE - the mother of all management of perspective economics.
MOAMOPE is quite simply the stunningly high percentage of lower opens on the 6:00 PM silver access trade open. Perhaps some have noticed the oddity in the form of a Kitco 3 day chart.
So they're going to walk around with gold coins in their pockets? Welcome news to the local caliphate cut-purse I'm sure.
the caliphate of the islamic state has announced it will use coins of gold, silver and copper as its legal currency because the western system of currency is corrupt- they have brought back the gold standard- who says these people are primitive? just like the united states, they have legal capital punishment, a strong, interventionist army and a right wing supreme court (the sharia council)- will our new leaders in congress follow their lead and return us to the gold standard?
The other metric here is the ratchet mechanism a/k/a sticky prices. Inventory acquired at higher costs than those touted currently won't generally be sold at a loss.
The shorts had a nasty day today in silver 6% move from the mornings lows in silver 15.30 I don't know how much of that is short covering but what a move lets see if the rally continues in Monday , I was worried in the morning and Insold at he opening big mistake but now seems toppy. We'll done for all the investors that bought and hold this week.
It's not a theory anymore, banks admit rigging and are paying fines.
Sentiment: Strong Buy