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| Global: Max Is Either A Nut, Or..... in forum [Market-Ticker]
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Asdqwe
Posts: 132
Incept: 2010-06-18
Banned
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Well yeah....but it's all about timing. How long before either a failed bond auction or a real dollar crash? Is it 1 month from now or 5 years from now?
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Ldog
Posts: 320
Incept: 2009-06-11
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If we had real players, the US wins a last man standing contest. But we don't. 'Cause if we did, we wouldn't be in this mess in the first place.
Strap on your tennis helmets TFers.
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Dashingdwl
Posts: 9810
Incept: 2007-06-26
los angeles
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Agreed that Paulson is a KEY man in all the fraud.
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When you are hard and disciplined, you can be principled. People fear you because they have no leverage against you. It's the truest form of Liberty.
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Corn1945
Posts: 4167
Incept: 2009-04-30
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Our financial system is one big fraud factory, but is anyone else really better?
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Bicycle
Posts: 2395
Incept: 2008-09-05
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Coordinated action from outside the country to significantly devalue the dollar makes absolutely no ******n sense at all unless you are a speculator.
I fully expect coordinated action (from foreign central banks) to attack the dollar, but it will be to significantly appreciate the dollar against JPY and EUR.
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Jamesbond
Posts: 589
Incept: 2009-01-31
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Quote:The big money in the world is sick of the liars, Tim Geithner, Barack Obama, Ben Bernanke, they are sick of the financial terrorism, they are sick of the grand standing, and they are going to drop kick them over gold post into a sea of their own bad debts. If this is true, then the US is totally ****ed ... because the strongest force in the US economy today is the Geithner-Obama-Bernanke FRAUD MACHINE ... and its gaining momentum ... |
Splashdown
Posts: 556
Incept: 2010-04-05
Central Illinois
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Once you get a failed auction or dollar crash...it's done - it's over. Interest rates go up, we can't roll the debt over with the higher rates, can't finance our phoney prosperity, real estate drops like rock, and it snowballs into dollar tailspin.
It's rolling over now...they better do something quick - QE2 could push it over the top. Once they do that, and it doesnt work you going to get that oh **** run for the exits moment and the end of America as you know it.
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Jeffrey_thomason
Posts: 7124
Incept: 2009-03-11
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I know it's in the original, but you may want to correct the spelling of Goldman Sachs (maybe put it in brackets)... crazy Iranians...
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"Until we look beyond the throne where the power structure lies, we'll fight amongst ourselves as freedom dies. The only hope for human kind lies in solidarity. The strength in our numbers sets us free."
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Analyzer
Posts: 3977
Incept: 2007-08-22
Paradise
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I watched to of Max's recent videos last night.
It's embarrasing to point out the country where MSNBC hosts should to look for decent journalism. These are the videos covering "foreclosurgate".
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" October is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February."
Mark Twain (1835-1910)
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Mpinco
Posts: 31
Incept: 2009-03-12
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Corn brings up an interesting point. This is a relative world. Are others really any better? Interesting perspective highlighted at Jesse's Cafe Americain: Financial Times Offers Terms to Rest of World in the Currency Wars http://jessescrossroadscafe.blogspot.com...."....Anglo-Americans to Rest of World: We've a Gun to Our Heads, Better Surrender "To put it crudely, the US wants to inflate the rest of the world, while the latter is trying to deflate the US. The US must win, since it has infinite ammunition: there is no limit to the dollars the Federal Reserve can create. What needs to be discussed is the terms of the world’s surrender: the needed changes in nominal exchange rates and domestic policies around the world."......" As for Keiser, he paints a picture that there is a difference between Paulson, Geithner, Bernanke and Obama. I fail to see a significant difference. There was a seamless transfer of reigns from Paulson to Geithner. |
Jigragu
Posts: 8
Incept: 2009-08-21
Banned
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Why are these morons buying gold? You can't eat it and there certainly isn't any historical precedent here... Karl, any thoughts?
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Margincalltime
Posts: 1025
Incept: 2008-04-01
NJ
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Karl, then in light of this, what is your asset allocation? I remember you giving it a while back and I wonder if it has changed...
That's what it sounded like, just making sure I wasn't off base.
Thanks Karl.
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Ruffcut
Posts: 2903
Incept: 2007-07-07
Mushagain
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So, we may be in plan "B" mode. All banksters are going all in the market, and ramping at will.
They have done so well, raising capital, is this fashion. Problem is, if they don't have any other players to buy them out down the road, there will be big swooshing sound, like turbine in your bedroom.
Oil, is the biggest trigger to this fed desired inflation. Getting butt****ed slowly, or quickly, is still being butt****ed.
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Support locally, and **** off globally!
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Alex
Posts: 2439
Incept: 2007-08-03
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QE2 is another bank bail out and the shadow banking system's clients don't want to be paid in freshly printed dollars. The Emperor has no clothes.
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"The soft patch does not occur in year 2. This is a completely abnormal economic condition — all the more so in the context of the massive and ongoing fiscal and monetary stimulus."
—Rosenberg
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Asdqwe
Posts: 132
Incept: 2010-06-18
Banned
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I agree with Bicycle. At some point the world ex US will finally smarten up and join forces for a dollar appreciation blitz. How will the Fed counter? Will we see a global free for all unlimited money print?
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Genesis
Posts: 131439
Incept: 2007-06-26
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Margin, I am getting very close to going "bug-out", converting all to tangible value items, and deciding that right or wrong, I'm gonna live it out where I don't care.
This is getting very close to going completely out of control - it is FAR worse than what was going on with Lehman.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Zenthunder
Posts: 6834
Incept: 2007-10-11
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Quote:Coordinated action from outside the country to significantly devalue the dollar makes absolutely no ******n sense at all unless you are a speculator. No - governments around the world have been holding extra money in dollars for years. 'Reserve Currency' and all - a shift away from that would trash the dollar, without much wage inflation, and wthout the FED doing any printing. It would SUCK.
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*** FRAUD is NOT a business model.
HOPE is not a business plan!
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Snowmizuh
Posts: 1377
Incept: 2009-03-18
Alabama
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Gen, will you let us know when you go into bug-out mode? Does that mean you will actually be cashing in IRAs, 401Ks, etc.? I haven't done that yet but am prepared to do so. (All-cash? check. Checked ACH tranfer setup to local credit union on TOS? check. Shopping list to convert FRNs to tangibles? check.)
Will you send up a balloon for us?
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Lugnut
Posts: 357
Incept: 2008-09-24
New Jersey
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Makes one wonder(if Max's claim has any merit) that these foreign central banker muckity mucks are doing their own investigation into things (vis-a-vis the mortgage fiasco), and concluding: "Wait a sec, all these primary banks in the US are going to be 'marked to zero' within a year, what the hell are we doing here?'
<starting to get a funny feeling about all this stuff...
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Bicycle
Posts: 2395
Incept: 2008-09-05
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So what evidence is there that there is or can be successful, coordinated action to move away from the reserve?
The United States is still one of the largest export markets for the rest of the world.
It makes no sense for foreign central banks to collude to destroy the value to the dollar and screw their own export economies. JPY and EUR especially.
It is far more likely there will be coordinated action to devalue foreign currencies against the dollar as the reserve.
That's exactly what happened in the Great Depression. Currencies were devalued against the reserve at the time--gold-- well before gold was dropped as the reserve. Why would it be different this time???
My point is that you need to survive the inevitable US dollar appreciation against every other currency in the world... before you will need to survive the US dollar falling out of reserve status.
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Joshua_d
Posts: 163
Incept: 2010-08-26
Lenoir, NC
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Why in the world in Cynthia McKinney on this show?
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Pika-steph
Posts: 54911
Incept: 2007-09-11
Live Free Or Die; US Army Est. 1775
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I don't know if this makes any sense logically. The only way this works is if this is being done by countries that hold no substantial US debt. I mean, why would they detonate themselves?!
Besides, while our guys are criminals, the criminals are ALL OVER THE WORLD! The UK politicians and bankers did the same thing; the French bankers and politicians....and Greece and Spain and Iceland and Ireland....well, you get the picture. No bankers or politicians left behind.
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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/ "The only regulation that really works is failure."--Rick Santelli
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Jotapay
Posts: 16834
Incept: 2008-08-26
Tx
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Quote:The only way this works is if this is being done by countries that hold no substantial US debt. I mean, why would they detonate themselves?! Unless there were a ready replacement for the dollar? The SDR has been in use for some time. |
Pika-steph
Posts: 54911
Incept: 2007-09-11
Live Free Or Die; US Army Est. 1775
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Still wouldn't work. SDRs are backed by WHAT? Bah.
People think they were assraped by US dollar policies - they aren't going to jump feet first into something that has absolutely no backing other than some 'promise to pay' - well, they got that with the USD.
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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/"The only regulation that really works is failure."--Rick Santelli
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