Talking about the QEs of the Fed, all of that was foretold by Bernanke in 2002. I posted on this before here so I won't go too much into depth. But he explained in a speech to a bunch of economists what the Fed could do if the US ever has deflation problems. He outlined a handful of actions the Fed could take, and all of them have been done since 2008 (the various QE's) except one technique. That one is a dollar "revaluation". He discussed it briefly with reference the last US dollar "revaluation" back in 1933, which he discussed in fairly glowing terms by my reading. Funny thing is, at the time of his speech, things were OK in the US. He made it sound like the QE's were something far off down the road, if ever, and they were drastic measures, etc. Lo and behold, they come 6 years or so later. Thus, I have no doubt we will eventually see a dollar revaluation again. We were forewarned in that speech. The full text of the speech is still out there and on the Fed Reserve website. Just my opinion. Jim
Fellow silver stackers, the Shemitah doom appears to be getting closer. The Shemitah was considered a joke by many, including myself, but now appears to be a reality. Whether it is self-fulfilling, a coincidence, a glitch in the matrix, or by the hand of God doesn't seem to matter anymore. In the coming weeks/months, preservation of capital will become the primary/only goal of investors. Even shorting the market will become too risky when there's no guarantee option writers will remain solvent in order to "pay out winnings". Enjoy the ride.
Bloody September aye? If it does it hit the fan in the next month (September) i to will be one of the converted.
So CERN is about to open a portal to demonic dimensions? Got it. SG-1 is on standby. SilverDoctors is on high alert. I think U.S. markets may have previously factored in doubts about China's ongoing stellar growth and we seeing more of a reaction to global markets and governments that were existing in a state of managed delusion about China. So, at least in the U.S., things may recover for a while if the current falls taper off. For. A. While.
I have been telling people about Shemitah at work and they have all been laughing at me! well this morning some were saying "is this it, is this it that shmee thing" lol I think I have some of them doing a mini run on the bank lol
With good reason, it's a crock of shit. There is a much simpler explanation - the market has been building up on a consistent climb for 6+ years straight to record high. Couple that with nervous sentiment, the condition of other underlying markets, the China thing etc, it's simply another bubble that corrected. It was guaranteed, and no surprise it happens around a normally nervous time of the year that happens every year. Nothing to do with this Shemitah rubbish. Reminds me of this: [youtube]http://www.youtube.com/watch?v=QJjQMwEjC1I[/youtube]
Where's your sense of fun??? obviously not with shemitah play! I bet you dont believe in"the matrix" either mr blue pill :lol: :lol: :lol:
blah blah blah...and if enough sources said it was to be August 16th someone would be quoting Deep Impact and its "messiah comet" ...I really cant believe people quote randomness from fictional movies to support prophecies of potential coming events. I can tell you what will happen on the 23rd 24th and even the 25th, I will go to work like I do every other weekday. My net worth wont be impacted, I will still have a job, my employees will still have a job, I will still be going to college and on and on.
Deep Impact is on TV tonight! Can't be a coincidence, must be the Illuminati behind that timing. And of course it's fully predicted in the bible if you read it backwards and translate to Pig Latin.
The S&P is up 4.45% in pre-market trading...looks like people are taking advantage of huge discounts! gloom and doom? Not!
This is largely China's problem...and, although we're connected globally, this just represents some great buying opportunities.
