This Major Fed Move Is About To Cause Gold To Skyrocket http://kingworldnews.com/kingworldn...Move_Is_About_To_Cause_Gold_To_Skyrocket.html Follow-up piece: $15 Trillion To Be Added To Money Supply & Gold To Ascend http://kingworldnews.com/kingworldn...Be_Added_To_Money_Supply_&_Gold_To_Spike.html A brief summary, courtesy of a comment on TF Metals Report:
Erm, plus then there would be no money on deposit at the Fed? I think this might be a bit hyped-up, but it also seems like a generally stupid idea.
This is great..... They won't admit QE3, so they HAVE do someting else that they don't really want to either but have No choice.....And as a result this will cause PM's to fly which is something else they do not want either..... So they're basically proving by they're own idiotic economic ideas and lever pulling that PM's really are the only safe haven in all the limited solutions at present..... This is getting very exciting indeed!
I'm fairly wary of 'sure things'. Haven't we been fleeced enough times? I don't doubt the fundamentals, but when I hear people 'guaranteeing' near-term gains the contrarian in me gets alarmed.
There are so many factors in play now that should have made the gold and silver prices climb. But they are not climbing. I can sum up gold and silver with 11 words: Sell it now, or put it away and forget about it.
Get your deck chair out and sit back with your stack and watch the world economic Titanics sink. Kind Regards non recourse
Human society is founded on stupidity. Nearly a century of fiscal stupidity pushed gold from $35 to $15XX USD. A few more stupid ideas can't hurt ... can they?
You should take notice how serious the situation is if this news comes from the MSM and not from a crazy blogger GERMAN PRESS: Germany's wealthy should be pressed for compulsory loans ... 11. July 2012 17:09:45 GERMAN PRESS: Germany's wealthy should be pressed for compulsory loans to provide the state with fresh revenues, suggests a study by the German Institute for Economics (DIW) presented to Handelsblatt. The study shows that charging anyone who has a net worth of over E250 000 with 10%, would increase German GDP by 9%. Once the economic situation stabilises again, the money could be returned. DIW experts say that this model could also work for Greece, Spain and Italy.
Jim Sinclair is now forecasting that gold will peak not less than one year from now and not more than three years from now, i.e. sometime between mid-2013 and mid-2015.
Just listened to the KWN Michael Pento interveiw.......... Ben Bernanke IS AN IDIOT..... He has NO IDEA what he is doing....... C'mon Ben Mr Economic Genius from years of knowledge and wisdom, lets get this show on the road....You FREAK :lol: This is 'the end' of the line people....prepare yourselves for the biggest world wide bailout EVER seen....24-25T in fractional banking derivatives!
13. July 2012 17:06:27 GERMAN PRESS: tHE Newest Troika reports from Greece paint a grim picture, reports Deutschlandfunk. The government in Athens has only performed a fraction of what was agreed between Greece and the Troika, Dfk says. Germany's Finance Minister Philip Roesler said he has the feeling that the patience of the Troika is at its end
Fricken Greeks....Projack thanks for the info but it's not on topic with the major Fed move regarding QE3/We don't want to admit it but we HAVE to do it!...... It's a REALLY big (up to 25T) move man and will have major implications around the world!
What was it rbaggio said a couple of weeks ago - But as Taleb said you can't predict a black swan. Hence I predict it will come when everyone has stopped predicting it will come or will come when everyone says it will come but nobody really believes it will come because every knows you can't predict it
Does anyone else think that maybe the central bankers aren't stupid and know exactly what they're doing, i.e. the transfer of wealth from the west to the east is a carefully orchestrated plan? You've got to remember that bankers don't care about national borders. It's like when they support both sides of a war - they win either way.
I suppose it's possible GK..... Depends how much the 'Illuminati" are involved.... Does Ben Bernanke even know who he's working for??? I gotta say he's one of the dumbest looking people I ever seen!
Transfer of wealth from west to east? I mostly see thousands and thousands of ships laden with great cheap gizmoids going the other way in exchange for paper IOU's. The "day of reckoning" will be when the IOU's are defaulted on and the west needs to recommence innovation and production. This will be a painful readjustment for sure but no more painful than the underpaid 60 hour weeks that the socialist countries in the east have forced their citizens to endure because their overlords thought the IOU's were worth something. (Note I am deliberately generalising and am not bagging ALL "western" or "eastern" economies - a few in particular stand out like dogs balls though.)
