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iShares TIPS Bond Message Board

jshaef1 90 posts  |  Last Activity: 16 hours ago Member since: Mar 4, 2009
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  • Reply to

    gold backed or debt backed?

    by jshaef1 Jan 29, 2014 4:05 AM
    jshaef1 jshaef1 Jan 29, 2014 4:27 AM Flag

    Real Oil Price: Old Normal vs. New Normal-- Please put that in your browser or search for the Jan 28. 2014 post in Illusions of Prosperity--not able to link because of the Yahoos but fascinating nevertheless and goes right along with what RR was talking about in his comment. Real oil price has increased 3X while the Fed has strung together its succession of failed bubbles, one of which is slowly turning into the newest failure.

  • I think inflation of the daily items that the middle class depends on is really running near 10%. I think the Fed's and the US government's efforts to defame gold have been a disaster. While the Fed and the US are bad-mouthing gold and driving it lower, their anti-gold campaign has been a boon for China. While the US denigrates gold, China, which understands gold, is accumulating all it can. I think that the US does not have the gold that it pretends to have.

    I think China is intent on making its yuan the world's reserve currency. I think we will see a powerful gold-backed convertible yuan become the world's new reserve currency. I see China's Communist leaders literally begging its populace to accumulate gold. I see the Federal reserve intent on making its fiat currency the only accepted money, while gold, its competition, is scorned.

    I see the Federal Reserve and its fiat money as the single greatest enemy of the US. Which would you rather own, a gold-backed yuan or a debt-backed Federal Reserve note? That's the question the world will be faced with.”--Richard Russell

  • Reply to


    by lakebubbler Jan 23, 2014 9:14 PM
    jshaef1 jshaef1 Jan 24, 2014 6:37 AM Flag

    Thanks--will check it out--he has three books available on Amazon--the latest--featured in that video got decent reviews.

  • Reply to

    Thoguhts from Jesse at Cafe Americain

    by jshaef1 Jan 22, 2014 4:48 PM
    jshaef1 jshaef1 Jan 22, 2014 4:53 PM Flag

    Pushing questions of one's authority are ill-advised when you cannot be sure of the answer.

    And perhaps the biggest unspoken risk-that-must-not-be-named is the credibility trap. What will the people say if they discover that the Bankers have taken their gold in order to give it to their banking cronies for short term profits? Yes they will wrap it in rationalizations, excuses, jingoism, and personal immunities, but when the cards fall on the table, the thefts will be uncovered.

  • If you think about this a bit, how would you feel if China's yuan was the world's currency, in which your country held its savings, and with which it paid for important and useful things like oil. And what if China decided it could print as many yuan as it liked for its own purposes, thank you very much, and distributed them as they wished to its favorite banks and friends. You would not like it one bit, it would make you rather uneasy, especially if the Chinese mouthpieces in academia started talking about trillion yuan platinum coins to resolve their own internal political corruption.

    So, the most likely outcome is a compromise, in which a basket of currencies and a commodity or two like gold, are bundled together into an artificial currency for world trade. This way no one country, or group of countries, held the 'exorbitant privilege' of owning the world's currency.

    Quite to the point, I think much of what we are seeing now is the 'negotiation stage' of this process. It is not so much a question of outcome, but rather, of price. What is to be included and at what valuation to the various world currencies. I would be stunned if there was a return to an actual gold standard. I would prefer to see the price of gold float freely without an official government valuation or the thinly disguised monkey shines of the Comex. But such antics seem to be de rigueur in most financial markets as we have recently learned.

    As you might imagine, the existing power structure might choose to continue to fight this rather aggressively, since there are no such enjoyable privileges as exorbitant ones. Especially if there is a partnership between the political and financial class to maintain their privilege for themselves and their favorite one percent of their constituents. But they must also contend with their waning power, and significantly low approval and discontent at home.

  • Reply to

    Over the 50 day moving average

    by jshaef1 Jan 14, 2014 9:01 AM
    jshaef1 jshaef1 Jan 22, 2014 4:47 PM Flag

    Doubt if dividends are high on the list of essentials in gold stock investing--maybe back in the day of Homestake in the 1930s, but that was a government controlled gold monopoly where FDR personally set the gold price every day.

  • Reply to

    Over the 50 day moving average

    by jshaef1 Jan 14, 2014 9:01 AM
    jshaef1 jshaef1 Jan 22, 2014 12:12 PM Flag

    Interesting that in general over the last month BGEIX and the $USD have both been strengthening.

  • Reply to

    Over the 50 day moving average

    by jshaef1 Jan 14, 2014 9:01 AM
    jshaef1 jshaef1 Jan 21, 2014 8:07 PM Flag

    DW, show me an investment that is not risky in our ZIRP environment.

    I have no fight with your observation, but without the ole 5% passbook savings account or a 5% rate on something like the Capital Preservation Fund, I can't think of much that qualifies as riskless. Bonds back by the full faith and hot air of the US Government, enforced by the line dancing IRS? Stocks driven by a combination of easy money and an undefined asset value of corporations, since mark to market was suspended shortly after the last plunge the stocks.

  • Reply to

    Elevator Up

    by amiagolfr Jan 18, 2014 7:55 AM
    jshaef1 jshaef1 Jan 18, 2014 6:59 PM Flag

    Let's at least stay above 9 and use the 50 day MA as a springboard instead of a ceiling.

    From Jesse at Cafe Americain:
    "The will to the power of creating money and distributing it as one wishes without regard to the rule of law is the idolatry of our age, and woe to the careers of those who fail to offer obeisance at its altar. What a festival of intrigues and vanities. And what rough beast, its hour come round at last, slouches toward Bethlehem to be born?

    How can one not be interested in this? It is the very fulcrum of our age."

    Let's hope the usual monkey hammerers hammer themselves into oblivion. (LOL)

  • On January 14, 2014, the Supreme Court heard oral arguments in United States v. Quality Stores, Inc., on appeal from the Sixth Circuit Court of Appeals. With payroll-tax cases rarely reviewed by the Supreme Court and potentially over a billion dollars1 at stake in this case, many businesses and payroll taxpayers across the country are watching closely.

    The Sixth Circuit Court of Appeals previously held that certain types of severance payments (also known as supplemental unemployment benefits) are not subject to FICA taxes as they are not “wages” for FICA tax purposes. The IRS, on behalf of the United States, is challenging this decision before the Supreme Court. The outcome could affect tax payments for previous and future tax years.

    With today’s oral arguments serving as the kick off point for this case, most of the session was dominated by discussions surrounding the statutory definition of “wages” and its application to certain types of supplemental unemployment benefits. Below are some highlights:

    IRS continued to argue that the definition of “income tax withholding” should have no bearing on FICA because there are two definitions of “wages” that have nothing to do with one another.
    Justice Ginsburg responded to the above,“ Didn’t this Court already determine in Rowan that wages were the same for income tax and FICA tax purposes?”; referring to the 1981 Rowan Cos Inc. Supreme Court case (Rowan Cos. v. United States, 452 U. S. 247, 253).
    Quality Stores argued that through a “series of revenue rulings”, the IRS created definitions not statutorily authorized, the validity of which Justice Ginsburg also called into question.
    Although today’s activity clearly indicates that the statutory interpretation of “wages” will likely be a key focal point going forward, the overall outcome remains unclear. For more information, read the official Supreme Court transcripts.

    A final decision in this case may not come before early summer...--ADP

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