tag:blogger.com,1999:blog-32841798.post6927446828918715562..comments2024-03-28T09:55:42.123+00:00Comments on Capitalists@Work: Gold at $1600 an ounceCityUnslickerhttp://www.blogger.com/profile/15929544047783163175noreply@blogger.comBlogger41125tag:blogger.com,1999:blog-32841798.post-30818706370613167592011-07-22T13:02:32.078+01:002011-07-22T13:02:32.078+01:00BE, we were not 'forced' into the EU, but ...BE, we were not 'forced' into the EU, but our establishment certainly felt we had no choice. There is no doubt that the EU (magically?) favours German industry and French agriculture.<br /><br />There were indeed no Panzers 'forcing' Greece into EMU, but there sure was a lot of political pressure. It took immense effort to resist that same pressure in the UK, so no wonder Greece succumbed.Budgienoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-8573101212558991822011-07-22T09:11:26.881+01:002011-07-22T09:11:26.881+01:00Yes, Budgie, it is about CU's point that Germa...Yes, Budgie, it is about CU's point that Germany somehow "imposes" anything on other countries for its own purposes. None of these countries have to accept German interest rates or currency strength. They were not forced into the Euro by the Panza division.Old BEhttps://www.blogger.com/profile/06974090439936326476noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-17206412032338648882011-07-22T07:19:21.753+01:002011-07-22T07:19:21.753+01:00Budgie.
That would be as coherent as conch shells...Budgie.<br /><br />That would be as coherent as conch shells, would it?<br /><br />Stick to the tried and tested response it always works for the weak minded...but I know you are not such, so why the act?<br /><br />Do you come from an agricultural heritage? I just wonder, given the straw men you always create to then argue around.<br /><br />Timbo.<br /><br />Then you should know that EE means far more than just those who create paper on COMEX, and NYMEX, and the less visible LBMA.<br /><br />And your nit picking does not hide your stupidity, it is recognisable as a deflection ploy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-58129496707660246712011-07-21T21:21:09.832+01:002011-07-21T21:21:09.832+01:00@ANON:2:08PM:
Grammatical Error: Bad form; repeat...@ANON:2:08PM:<br /><br />Grammatical Error: Bad form; repeating the same word or phrase in a single sentence "comfort zone" , "the limits of their comfort zone" should have been "it". <br />Turdites: Just lurk for fun.<br />Carrol: Tragedy and Hope. Read it.Timbo614https://www.blogger.com/profile/14671168026195402267noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-48709265448991445692011-07-21T20:43:55.801+01:002011-07-21T20:43:55.801+01:00Sebastian Weetabix: "Jesus H. Christ. Out of ...Sebastian Weetabix: "Jesus H. Christ. Out of curiosity I actually looked ..."<br /><br />Oh oh that's really fatal. These Anon trolls combine incoherence with automatic belief in conspiracy theories. I know exactly what you mean about the loss of those 10 minutes; I have been trapped too.Budgienoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-64096354454930923112011-07-21T19:33:17.569+01:002011-07-21T19:33:17.569+01:00The Euro just had to be a bad idea.
Such disparat...The Euro just had to be a bad idea.<br /><br />Such disparate countries under different conditions being run along the same lines.<br /><br />And what happens to an exclusive club when it admits new members and becomes less exclusive ?<br /><br />It goes downhill fast.Electro-Kevinhttps://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-88003204508349897812011-07-21T17:21:50.569+01:002011-07-21T17:21:50.569+01:00http://www.youtube.com/watch?v=_d33-Lk5Zbw&fea...http://www.youtube.com/watch?v=_d33-Lk5Zbw&feature=player_embeddedAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-90165463529935186382011-07-21T14:08:31.032+01:002011-07-21T14:08:31.032+01:00Seggy and Timbo.
I too worry deeply about the ign...Seggy and Timbo.<br /><br />I too worry deeply about the ignorance shown on many blogs.<br /><br />In the main, I find those who call "conspiracy theorist" to all and any who explain a situation that is beyond their personal comfort zone very weak minded and unwilling to pursue reading beyond the limits of their comfort zone.<br /><br />Their calls are rampant and one of the main callers is BillyboyQ on this site. <br /><br />Sometimes I cringe when I read his bilge concerning 9/11, 7/7, and a few other favourites. You would think that someone who blogs frequently would be concerned about the accuracy of his words... Perhaps he doesn't care.<br /><br />Whatever!<br /><br />In a honest effort to educate you, and anyone else who cares to read, the following link is a PDF to a book written a few years ago by an extremely superb source, who was given access to base documents for research purposes.<br /><br />Frankly, I am surprised he survived its' publication. Quite a few presidents and national leaders (Not limited to US guys) have been eliminated down the years who held this knowledge.<br /><br />Sebastian, When you have read and understood it, I look foreward to a full and frank apology for the content of your post at 11.14 am today. Quite frankly, your ignorance disgusts me.<br /><br />Timbo, I am also surprised at your response. If indeed you are a Turdite, or just a reader of such, you should know enough by now to understand the under-currents flashing around the globe right now.<br /><br />The said PDF is 1090 pages long. Put it on your hard drive, and study it. It will serve you well in understanding the globe, and why things are happening, and why, if and when the west fails, the absolute shiit and derision of vengence that will descend on the anglo nations, and certain european bodies, as it will be payback time!<br /><br />Enjoy.<br /><br />http://www.bibliotecapleyades.net/archivos_pdf/tragedy_hope.pdf<br /><br />Remember that apology, Sebastian!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-19842268813511748312011-07-21T12:51:16.100+01:002011-07-21T12:51:16.100+01:00BE - "ja, und?"
Sorry, I thought the po...BE - "ja, und?"<br /><br />Sorry, I thought the point at issue was CU's statement that the Germans "impose their rates and needs on states who lack industrial infrastructure [which] is pure mercantilism", and similar statements.<br /><br />The result is that Germany has an artificial export competitive advantage, which distorts markets and has a deleterious effect on the PIIGS. It is not all about 'idle' Greeks. I am simply agreeing with CU.Budgienoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-45226379660786472132011-07-21T11:45:37.784+01:002011-07-21T11:45:37.784+01:00I'm learning to ignore spelling, word meaning ...I'm learning to ignore spelling, word meaning mix ups, context problems and tense swaps in web forums/blogs becasue they are so frequent. They cause a little "spike" of brain activity as I read them but then the brain switches them to the right word/spelling/tense and continues reading automagically. Funny how we don't spot our own mistakes or typos!<br />P.S. Don't feed the trolls unless you have a plentiful supply of sheep or goats and are prepared to stay up all night battling strawmen, ad hominems, logic failures etc. While slaughtering your flock needlessly :)Timbo614https://www.blogger.com/profile/14671168026195402267noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-25758792677887318642011-07-21T11:14:36.690+01:002011-07-21T11:14:36.690+01:00Jesus H. Christ. Out of curiosity I actually look...Jesus H. Christ. Out of curiosity I actually looked at the link; "the speech JFK would have made if he hadn't been killed". That's 10 minutes of my life I'm never going to get back. ("The monetary power of the USA was stolen and handed over to a group of European bankers" - give me strength.)<br /><br />You're just another crackers conspiracy theorist. For the sake of your own sanity, apply Occams Razor. Don't ascribe to complex century-long conspiracies that which can be explained by cock up & stupidity. Oh, and learn to spell. It will make everything you write seem so much more *ahem* "credible". <br /><br />Ho hum. Readers, never feed trolls. I did & look what happened.Sebastian Weetabixnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-7637748485938466252011-07-21T10:43:41.271+01:002011-07-21T10:43:41.271+01:00Sebby, baby, who gives a shiite about your lack of...Sebby, baby, who gives a shiite about your lack of attention span?<br /><br />Since your attention span is so limited, the link below may be beyond your time limit.<br /><br />Who knows?<br /><br />Continue with the medication, it may help.<br /><br />http://www.roadtoroota.com/public/642.cfm?awt_l=9b4FA&awt_m=3WgaaMQvB3AZ85B<br /><br />But if you can follow it, you may find it interesting. <br /><br />It also may explain a few other "strange things" happening lately. :-)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-56417107264451716242011-07-21T10:19:25.832+01:002011-07-21T10:19:25.832+01:00I do find it hard to pay serious attention to a ch...I do find it hard to pay serious attention to a chap who can't spell "die is cast" correctly.Sebastian Weetabixnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-40198586531615423122011-07-21T08:59:16.367+01:002011-07-21T08:59:16.367+01:00As you ask about gold at $1600. you might like to ...As you ask about gold at $1600. you might like to consider this chart which also clearly shows the manipulation, and the reasons.<br /><br />So why do you ask such questions?<br /><br />To insult your readers intelligence?<br /><br />To show banker innocence?<br /><br />It's plain for all the world to see. Regulatory oversight is bought off, paper is dead in the water. The western paper is running on fumes.<br /><br />http://4.bp.blogspot.com/-6O0SR2XAMBU/Tic77zBIn7I/AAAAAAAARTc/4RdD4e2-opA/s1600/golddaily14.PNG<br /><br />Bailout, (QE), or haircut, and anything inbetween, the dye is cast. $5.5T in bank lending to private consumers in the EU, with austerity measures killing consumers, will kill banks.<br /><br />Add in socialised previous debt, and gov't debt...with previously hidden gov't debt.....<br /><br />The fuckwits have destroyed the west...no painless exit possible.<br /><br />And derivatives make it global contagion<br /><br />Bank research says 3.5T fund should be big enough for bailout. Total BS.<br /><br />I see Sarkee went to see Merky last night. Will he get any favours?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-22778391510557870792011-07-21T08:52:53.263+01:002011-07-21T08:52:53.263+01:00No politial leader will want to be remembered as t...No politial leader will want to be remembered as the one who let the Eur die.<br /><br />also<br /><br />No politial leader will want to be remembered as the one who bailed out the PIGS.<br /><br />also <br /><br />No politial leader will want to be remembered as the one who sold gold at an all time low.<br /><br />We have one of the three.<br /><br />The French / Germans will not put up with <b>explicit</b> transfers of wealth. <br /><br />I expect that a central fund will be set up and 'dodgy' debt will be transferred there and guaranteed jointly and severally by EUR members. And new debt will be issued and passed to PIGS by this fund. In return those countries lose the right to issue their own new debt.<br />Fiscal union by the back door.<br /><br />At this point, if it looks like working, the markets will move on to be panicky about something else.<br /><br />And gold will carry on going up.andrewhttps://www.blogger.com/profile/07311993288675111834noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-77889518538720287782011-07-21T07:46:48.563+01:002011-07-21T07:46:48.563+01:00For you, CU
Enjoy!
http://www.youtube.com/watch?...For you, CU<br /><br />Enjoy!<br /><br />http://www.youtube.com/watch?feature=player_embedded&v=Y--jCrDOSjkAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-75325974413345576082011-07-20T23:03:48.141+01:002011-07-20T23:03:48.141+01:00Budgie, ja und? Does that mean that German indust...Budgie, ja und? Does that mean that German industry should pay for Portuguese lack of industry, which is the point under discussion?Old BEhttps://www.blogger.com/profile/06974090439936326476noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-89527788573843152152011-07-20T19:55:17.844+01:002011-07-20T19:55:17.844+01:00http://www.youtube.com/watch?v=xqfm0zrRs9Qhttp://www.youtube.com/watch?v=xqfm0zrRs9QAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-81380861891306555552011-07-20T19:41:45.951+01:002011-07-20T19:41:45.951+01:00http://www.usagold.com/germannightmare.htmlhttp://www.usagold.com/germannightmare.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-62233169520258765282011-07-20T19:26:53.250+01:002011-07-20T19:26:53.250+01:00BE - The floating euro is weaker because of the PI...BE - The floating euro is weaker because of the PIIGS. Consequently German industry gets to sell its products in a weaker currency than it would do if Germany had retained marks. Germany has got 'automatically' the export advantage that the UK government has sought for our own exporters: a devalued currency to make our exports more competitive in world markets.<br /><br />I don't think this is a German 'conspiracy', and whether it is 'unfair' or not is a matter of opinion. That it is happening is fact.Budgienoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-46823585834307088342011-07-20T15:45:43.683+01:002011-07-20T15:45:43.683+01:00http://www.telegraph.co.uk/finance/comment/ambrose...http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8638644/Return-of-the-Gold-Standard-as-world-order-unravels.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-15680857970633629242011-07-20T14:18:37.681+01:002011-07-20T14:18:37.681+01:00No CU you didn't answer my point at all. Did ...No CU you didn't answer my point at all. Did the Germans impose the Euro on anyone? Nein. The Euro was a French idea to tie German success up so that a reunified Germany couldn't pull too far ahead of France so that a power imbalance ensued. Remember there was a serious fear that a resurgent Germany could try to take Europe by force again.<br /><br />Germany did not force Greece, Spain, Italy, Portugal, et al. into the Euro. Those countries wanted to get into the strong economy club and thought that adopting the Euro would be a short-cut to that. Greece wasn't even allowed to join at first. The evil German industrialists were hardly going to get excited and shoe-horn in a country which makes up 1% of the Eurozone market for BMWs and Audis.<br /><br />As I said above, the German economy hardly got a free ride at the start. Should the Spanish taxpayer have transferred massive funds North in the first ten years while the Spanish economy "boomed" and Germany stagnated?<br /><br />You are seeing the whole situation with very short term spectacles on and through the prism of "it's all a German conspiracy to take over Europe by stealth". <br /><br />If I was a German master strategist I would have started out with a smaller Eurozone which, once a success, would have attracted new members like moths to a lamp. Christ, even Britain might have joined. Instead it was people like Barroso who wanted to hitch a free ride on German strength and have, quite rightly, come a cropper.Old BEhttps://www.blogger.com/profile/06974090439936326476noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-34206539392720241532011-07-20T08:47:33.257+01:002011-07-20T08:47:33.257+01:00As is normal for this forum, I find the exchanges ...As is normal for this forum, I find the exchanges shallow, ill thought out, and quite obviously incorrect.<br /><br />Budgie..flawed logic. What they were burying was MONEY, (gold). Today you wire it, (or smuggle it, or create entities) to move it to another jurisdiction....as digits.<br /><br />And the "intrinsic value of paper, or digits" is???...perhaps only what the current powers say it is....and when they fail???...as every one in history has!!!<br /><br />CU : Spoken like a true banker.<br /> The problem is the politicians who cannot fail to expand their remit to infinity, which then crashes the economy under debt<br /><br />The other problem is banks who seek to increase profitability by increasing debt, to the point of customer saturation...bloated asset values decrease, but the debt reamains. Socialise the difference.<br /><br />Do you think that a nationwide bonus system, where each taxpayer receives a bonus based on M1 growth would be equitable??<br /><br />Given the combination of politicoes and banks, the fundamental function of MONEY..to act as a store of value, has been sacrificed...resulting in a loss of confidence, and a flight to find an alternative.<br /><br />There are many, many sub arguments that can be brought in, like permanent suppression by all paper entities of every damn indicator on the planet, by a plethora of means, each layer being more difficult to unravel than the previous, all currently held in a catastrophic web of derivatives with a current gross value dozens of multiples greater than the current global GDP.<br /><br />Many scripts have been written about the French Revolution, always from a political angle, with blame assigned according to the predelictions of the author.<br /><br />Move behind the scenes to the banking world, and you can see the shemes hatched by the various finance houses of the day to perpetuate the paper criminalities and wholesale state murders. A really complex picture.<br /><br />Linked below is a simple explanation where the truth emerges, that is was really all about the death of a paper fiat currency, whose issuers had corrupted the body politic, and most state institutions.<br /><br />Rather reflects today, don't you think?<br /><br />http://www.literaturecollection.com/a/andrew-dickson-white/fiat-money-inflation/1/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-10655560503071751742011-07-20T08:12:38.432+01:002011-07-20T08:12:38.432+01:00With all the bad political economic news this week...With all the bad political economic news this weekmit is notnthatbsurprising to see gold flying ahead in the markets.<br /><br />I can see you're excited by the English. It's the way before the crash for gold to soar.James Highamhttps://www.blogger.com/profile/14525082702330365464noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-51077043633389568792011-07-20T07:50:02.234+01:002011-07-20T07:50:02.234+01:00Paper money is fine as a cocept; indeed today elec...Paper money is fine as a cocept; indeed today electronic money is surely the only answer to make our world work. What it beds to be skied with is government policies of sound money above all else, for it's people a state needs to providevsecurity of the country, legal process, propriety rights and sound money to protect the people from inflation and debasement.CityUnslickerhttps://www.blogger.com/profile/15929544047783163175noreply@blogger.com