churchill Posted April 19, 2013 Share Posted April 19, 2013 Dairy Crest plugs pension fund hole with cheesehttp://www.telegraph.co.uk/finance/personalfinance/pensions/10003630/Dairy-Crest-plugs-pension-fund-hole-with-cheese.html "Cracking collateral, Gromit." Link to comment Share on other sites More sharing options...
manarak Posted April 19, 2013 Share Posted April 19, 2013 It's not just gold down but all commodities. Doesn't that signal a failure in belief of the inflation story; of the growth story? If economy is about to pick up and recovery for real then surely commodities and energy etc should be going up not crashing like a recessions just around the corner! If the stock market takes the Q that's what I means then rough ride and self fulfilling no? Liquids dry up. Oops unintended concequences of the manipulators move? Except for the last line of your post you are pretty much spot on. The seventies knew the period of stagflation, high inflation with no economic growth, causing in 1980 a spike in gold prices before it slumped down together with other commodities and started a period of recession in the eighties. We might be in for a secondary depression/recession, but without much inflation, because the central banks have learned their lesson on this one. What do you mean "the central banks have learned thier lesson"?about avoiding inflation!! Link to comment Share on other sites More sharing options...
mccw Posted April 19, 2013 Share Posted April 19, 2013 It's not just gold down but all commodities. Doesn't that signal a failure in belief of the inflation story; of the growth story? If economy is about to pick up and recovery for real then surely commodities and energy etc should be going up not crashing like a recessions just around the corner! If the stock market takes the Q that's what I means then rough ride and self fulfilling no? Liquids dry up. Oops unintended concequences of the manipulators move? Except for the last line of your post you are pretty much spot on.The seventies knew the period of stagflation, high inflation with no economic growth, causing in 1980 a spike in gold prices before it slumped down together with other commodities and started a period of recession in the eighties. We might be in for a secondary depression/recession, but without much inflation, because the central banks have learned their lesson on this one. What do you mean "the central banks have learned thier lesson"? about avoiding inflation!! Hmm I think they will try to do everything they can to try and instigate inflation. Look at Japan, US, BoE Its only Europe pigs they are attempting wage deflation but not assets if they can help it Eventually I think we will see property and shares loosing value, while commodities, energy and grain will head up due to supply side costs and currency devaluation. So a strange mix of worth less money for essentials, poorer populas unable to reap rewards of lower assets / property because they are too broke to access them or afford the interest payments even if very low rates. Deflation and inflation at the same time Link to comment Share on other sites More sharing options...
mccw Posted April 19, 2013 Share Posted April 19, 2013 Key things from this G20 coverage BRICS bank aiming for 4trillion of infrastructure investment Japan promises "not purposely devalueing its currency" haha The others all agree not indulge also , lol (need one of those gufforing dogs icons like naam) Link to comment Share on other sites More sharing options...
yoshiwara Posted April 19, 2013 Share Posted April 19, 2013 Feds charge 24 IRS workers in TN with theft Workers accused of lying to get unemployment benefits, welfare, food stamps, housing vouchers " First it was the families of dead people and state employees. Now, authorities say Internal Revenue Service employees in Tennessee were stealing unemployment and other benefits while fully employed. On Thursday, 13 of those employees were indicted on federal charges that they lied to get unemployment, food stamps, welfare and housing vouchers. An additional 11 have been indicted on state charges of theft greater than $1,000." http://www.tennessean.com/article/20130417/NEWS03/304180030/24-former-current-IRS-employees-charged-benefit-fraud-case?odyssey=tab|topnews|text|News&nclick_check=1 Just occasionally, do you think you could resist the temptation to copy and paste random useless stories from your junk websites Link to comment Share on other sites More sharing options...
midas Posted April 20, 2013 Share Posted April 20, 2013 (edited) Fed Governor Stein Warns When A TBTF Bank Fails, Depositors Will Be " Cyprus'ed " Perhaps more to the point for TBTF, if a SIFI does fail I have little doubt that private investors will in fact bear the losses--evenif this leads to an outcome that is messier and more costly to society than we would ideally like. Dodd-Frank is very clear in saying that the Federal Reserve and other regulators cannot use their emergency authorities to bail out an individual failing institution. And as a member of the Board, I am committed to following both the letter and the spirit of the law. http://www.federalreserve.gov/newsevents/speech/stein20130417a.htm Edited April 20, 2013 by midas Link to comment Share on other sites More sharing options...
Wrong Turn Posted April 21, 2013 Share Posted April 21, 2013 ^ Thanks for the article, Midas. Definition of a SIFI: systemically important financial institutions, or SIFIs.1 Another one of the banking, acronyms. Or is it a....euphemism. I need to google and FAQ the Dodd-Frank bill again. If there was a "cyprus move" in the US, it would cause chaos in the lack of faith and confident, IMO. Link to comment Share on other sites More sharing options...
midas Posted April 21, 2013 Share Posted April 21, 2013 ^ Thanks for the article, Midas. Definition of a SIFI: systemically important financial institutions, or SIFIs.1 Another one of the banking, acronyms. Or is it a....euphemism. I need to google and FAQ the Dodd-Frank bill again. If there was a "cyprus move" in the US, it would cause chaos in the lack of faith and confident, IMO. notice they used " when not " if ".................. Link to comment Share on other sites More sharing options...
chiang mai Posted April 22, 2013 Share Posted April 22, 2013 The above posted here in error and may be deleted. Link to comment Share on other sites More sharing options...
Wrong Turn Posted April 22, 2013 Share Posted April 22, 2013 The above posted here in error and may be deleted. Who are you referring to? What was in "error?" Link to comment Share on other sites More sharing options...
chiang mai Posted April 22, 2013 Share Posted April 22, 2013 The above posted here in error and may be deleted. Who are you referring to? What was in "error?" My previous post which the Mods have now deleted! Link to comment Share on other sites More sharing options...
yoshiwara Posted April 22, 2013 Share Posted April 22, 2013 Well, people are starting to wake up to the impending disaster (not just in the UK either) and although what is coming is going to be very painful, I am optimistic that something good can come out of all of this. E.G. a fair monetary system and a nation populated by people NOT sheeple.Dream on... The new monetary system will be of the elite's choosing.. ..and the sheeple will be sheeple-er.. This is what happens when you watch too many times Planet of the Apes and Mad Max. Link to comment Share on other sites More sharing options...
midas Posted April 23, 2013 Share Posted April 23, 2013 (edited) teatree, on 26 Jan 2009 - 12:43, said: Well, people are starting to wake up to the impending disaster (not just in the UK either) and although what is coming is going to be very painful, I am optimistic that something good can come out of all of this. E.G. a fair monetary system and a nation populated by people NOT sheeple. Dream on... The new monetary system will be of the elite's choosing.. ..and the sheeple will be sheeple-er.. No Bank Account is Safe Today From A Bank Run (NotJust The Ones in Cyprus) https://www.youtube.com/watch?v=LICxItcgdXs&list=UU3ZHy0zFa32UhVGXzSPaluA&index=3 Edited April 23, 2013 by midas Link to comment Share on other sites More sharing options...
cheeryble Posted April 23, 2013 Share Posted April 23, 2013 (edited) Hey Midas I just saw something you might like. When I clicked the link it says Chiang Mai mum earns $7500 which is odd as I live in CM isn't that a coincidence..... but am puzzled that the cheque says New York. Anyway as someone says it on a website it must be true. http://www.careerjournalonline.com/newsupdate/workfromhome/trifu/0eu2lm77a/th/ Sadly they only pay in worthless fiat money. Edited April 23, 2013 by cheeryble Link to comment Share on other sites More sharing options...
midas Posted April 24, 2013 Share Posted April 24, 2013 (edited) Hey Midas I just saw something you might like. When I clicked the link it says Chiang Mai mum earns $7500 which is odd as I live in CM isn't that a coincidence..... but am puzzled that the cheque says New York. Anyway as someone says it on a website it must be true. http://www.careerjournalonline.com/newsupdate/workfromhome/trifu/0eu2lm77a/th/ Sadly they only pay in worthless fiat money. I just post the information for people to make up their own minds. But one thing is sure whether people agree or disagree with what this fellow says about bank deposits not being safe, it is certainly more informative than your post. I mean, with things that have happened so far i.e. people losing their money with MF Global, then Cyprus , then finding out about the proposals in the joint workingpaper between the Federal reserve bank of England and now what is going on at the Irish banks can anyone afford to give these criminals the benefit of the doubt? Edited April 24, 2013 by midas Link to comment Share on other sites More sharing options...
midas Posted April 24, 2013 Share Posted April 24, 2013 Wall Street Journal article... August 2, 2011 Wall Street Journal:Some 400 federal statutes – a near doubling, by one count, since the 1990s – empower the government to take assets from convicted criminalsas well as people never charged with a crime. Last year, forfeiture programs confiscated homes, cars, boats and cash in more than 15,000 cases. The total take topped $2.5 billion, more than doubling in five years, Justice Department statistics show. http://internationalize.caseyresearch.com/?utm_expid=5346348-12&utm_referrer=http%3A%2F%2Fwww.caseyresearch.com%2Farticles%2Fphysical-gold-vs-paper-gold-ultimate-disconnect Link to comment Share on other sites More sharing options...
midas Posted April 24, 2013 Share Posted April 24, 2013 Really! This nonsense is still unending. A few on this forum have an unfathomable gift of forecasting the opposite of what transpires. America's personal wealth has almost completely recovered and the deficits are starting to drop as a percentage of GDP. Get a grip, the world is going to be just fine and those that realize this will make lots of money while the doomers perverted dream of Armageddon will become more of a joke. The internet has given a voice to nutters that get ridiculed in real life's non internet debates. I'm not by any stretch of the imagination claiming the world isn't currently confronting financial and societal problems. Do the doomers here have any historical perspective or has life just past you by with little recollection. Humans as a whole, if given the opportunity, will spend beyond their means which has created the 1000's of bubbles throughout history. As I stated back in December 2008, the USA will recover and Europe will take a little longer. I was laughed at on this forum because for some irrational reasons, Europeans thought that the excessive debt and the housing bubble were an American phenomenon. I was told I didn't understand the EU banking system and its inherent strength. Lots of savvy investors here Where has "Flying" disappeared to? Probably scampered back to America to re-enter the construction industry and hoping those evil banks loosen their lending standards so people have money to inflate the value of homes. Rinse and repeat! Midas, how about expressing a simplistic original thought. Any thought will do. We know you can't do it. Intellectually challenge links to articles of fringe self appointed economists will be your next move. To doomers - stop being turds and pretending you know your arse from your noggin. America's personal wealth has almost completely recovered and the deficits are starting to drop as a percentage of GDP. Siamamerican you were saying ? 93% of households lost net worth 2009-11 WASHINGTON (AP) — The richest Americans got richer during the first twoyears of the economic recovery while average net worth declined for 93% of the nation's households, the Pew Research Center said Tuesday. The Pew report says wealth held by the richest 7% of households rose 28% 2009 through 2011, while the net worth of the other 93% of households dropped 4%. http://www.usatoday.com/story/money/personalfinance/2013/04/23/richest-7-percent/2106455/ Link to comment Share on other sites More sharing options...
ronz28 Posted April 24, 2013 Share Posted April 24, 2013 Blanket austerity in a financial crisis just makes things worse contrary to certain conservative stink tank dogma and erroneous research. http://www.youtube.com/watch_popup?v=BFf0HgpJ-qc Link to comment Share on other sites More sharing options...
Naam Posted April 24, 2013 Share Posted April 24, 2013 Hey Midas I just saw something you might like. When I clicked the link it says Chiang Mai mum earns $7500 which is odd as I live in CM isn't that a coincidence..... but am puzzled that the cheque says New York. Anyway as someone says it on a website it must be true. http://www.careerjournalonline.com/newsupdate/workfromhome/trifu/0eu2lm77a/th/ Sadly they only pay in worthless fiat money. I just post the information for people to make up their own minds. But one thing is sure whether people agree or disagree with what this fellow says about bank deposits not being safe, it is certainly more informative than your post. I mean, with things that have happened so far i.e. people losing their money with MF Global, then Cyprus , then finding out about the proposals in the joint workingpaper between the Federal reserve bank of England and now what is going on at the Irish banks can anyone afford to give these criminals the benefit of the doubt? connecting MF Global and Cyprus with any working paper on depositors bail-in is wrong. -MF Global is without any doubt a scandal. but in the meantime it looks that all losses will be compensated. -Cypress bail-in is nothing new. since Adam and Eve were kicked out of paradise deposits in banks were "endangered species", meaning any amount not guaranteed by a third party can be lost if a bank goes bankrupt. -the afore-mentioned applies to any "working paper". Link to comment Share on other sites More sharing options...
churchill Posted April 25, 2013 Share Posted April 25, 2013 (edited) IMF, ECB square off in Europe austerity debate http://www.reuters.com/article/2013/04/25/us-eurozone-austerity-idUSBRE93O0EU20130425 So basically Lagarde does not agree with Merkel Lagarde does not agree with the ECB Lagarde does not agree with the UK ECB wants to cut rates Merkel thinks they should rise and Germany rejects joint EU bank deposit scheme-Merkelhttp://www.reuters.com/article/2013/04/25/germany-merkel-idUSB4N0CP01V20130425 as 'Spain's unemployment rate soared to a new record of 27.2% of the workforce in the first quarter of 2013, according to official figures.' http://www.bbc.co.uk/news/business-22290422 Edited April 25, 2013 by churchill Link to comment Share on other sites More sharing options...
Naam Posted April 25, 2013 Share Posted April 25, 2013 Lagarde not agreeing with ECB and Merkel, Spain record unemployment = soon Gold (any time from now) $ 48,845/ounce, GBP 1 = THB 108.50, €UR 12.50 = GBP 1, Galactic Gold Council vindicated, Silver Surgeons partying and... Midas' book "I told you so!" selling 2.13 billion copies within first three days. Link to comment Share on other sites More sharing options...
churchill Posted April 25, 2013 Share Posted April 25, 2013 (edited) Oh Yes ..I expect so Naam $10,000 Gold and Euro Collapse Top German adviser predicts euro collapse in five years as Spanish unemployment soars to record 27.2%Read more: http://www.thisismoney.co.uk/money/news/article-2314597/Top-German-adviser-predicts-euro-collapse-years-Spanish-unemployment-soars-record-27-2.html#ixzz2RTpIZzkQ Warning! Stocks to Crash, Gold to Top $10,000: Albert Edwards http://www.cnbc.com/id/100672709 What about the US ....All on track Fed Debate Moves From Tapering to Extending Bond Buyinghttp://www.bloomberg.com/news/2013-04-25/fed-debate-moves-from-tapering-to-extending-bond-buying.html Edited April 25, 2013 by churchill Link to comment Share on other sites More sharing options...
manarak Posted April 25, 2013 Share Posted April 25, 2013 (edited) Germany rejects joint EU bank deposit scheme-Merkel http://www.reuters.com/article/2013/04/25/germany-merkel-idUSB4N0CP01V20130425 now let's watch the French OAT rates... EDIT: oh sorry, misunderstood the title... no change for French OAT then, you can all go back to what you were doing... Edited April 25, 2013 by manarak Link to comment Share on other sites More sharing options...
churchill Posted April 26, 2013 Share Posted April 26, 2013 Madame Lagarde putting a positive spin on Hardtalk... http://www.youtube.com/watch?v=g2NFrNlSjzc Link to comment Share on other sites More sharing options...
midas Posted April 26, 2013 Share Posted April 26, 2013 (edited) Madame Lagarde putting a positive spin on Hardtalk...Well she needs the practice.............. French court summons IMF chief over Bernard Tapie probe "I'll be very happy to travel for a couple of days to Paris but it's not going to change my focus, my attention and my enthusiasm for doing the work that I do." BUT However, our correspondent says that Ms Lagarde's position at the IMF could be in jeopardy if she is placed under formal investigation. http://www.bbc.co.uk/news/world-europe-22197970 Edited April 26, 2013 by midas Link to comment Share on other sites More sharing options...
AlexLah Posted April 29, 2013 Share Posted April 29, 2013 Dear all, Due to the enormous amount of requests made, I have decided to come back here and in my own way let you know what is about to happen in the short, medium and long term. Learn history....... February 9 ;-) Link to comment Share on other sites More sharing options...
midas Posted April 29, 2013 Share Posted April 29, 2013 (edited) Dear all, Due to the enormous amount of requests made, I have decided to come back here and in my own way let you know what is about to happen in the short, medium and long term. Learn history....... February 9 ;-) February 9 1966 Dow-Jones Index hits record 995 points ????? OR February 9 1986 Tomb of Tutanchamon's treasurer Maya found in Egypt Edited April 29, 2013 by midas Link to comment Share on other sites More sharing options...
AlexLah Posted April 29, 2013 Share Posted April 29, 2013 The Ides of May........... Link to comment Share on other sites More sharing options...
Naam Posted April 30, 2013 Share Posted April 30, 2013 "the one that knows" [sic] is back... hallelujah...lah...lah...lah! big amusement and self ridiculing to come. the boring days are over. Link to comment Share on other sites More sharing options...
manarak Posted April 30, 2013 Share Posted April 30, 2013 My Handelsblatt Morning Briefing warns me about France: - its share in world trade fell by 33% in the last 10 years - automobile production fell by 40% in the last 7 years - high taxes and wages that are too high... An internal paper of the German Ministry of Economy analyzing France's economic situation paints a very dark picture... ! I rest my case regarding my earlier posts: France is on the verge of collapsing. Link to comment Share on other sites More sharing options...
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