The US debt crisis is OVER!!!!

Now that you mention it, I actually was playing a country song backwards as I was typing that

 

The US government can make a shitload of money going by investor psychology... Say the US may default, stock market falls/ gold and others up... Govt sell gold/and others then buy stocks... announce to the world all is good, default averted/debt limit increased... stock market climbs/PM's fall, Govt sell shares/buys gold. 6-12 months later the show starts again. Could make a shitload, after all they are the insiders of insider trading. Not as simple as it sounds but you get the jist.

 

jobs will be back - to incarcerate dissidents in FEMA camps
Hummers will be back in fashion - this time militarised
housing prices are going to start going up - into the trillions

 

That's the best standalone quote i've heard in probably the last 15 years.

 

Aww I was looking forward to the creation of a hip new acronym the "USDOP" or "United States Default On Payments" to replace the existing aging acronym of choice the "GFC." People would celebrate in the streets that they survived both the GFC and the USDOP. Older people would add Y2K to that list. A refreshing barrage of television commercials from the likes of Qantas, Telstra, National Australia Bank and the Australian Government boasting that "We survived USDOP and are now stronger than ever, please buy our product."

A brief mention would be made in the news about some people dying somewhere in some marginal third world country due to not being able to afford food or something then it would be summarily dismissed with a cheap punchline on "The 7pm Project."

Steve Keen would claim that, while the GFC did not cause the "Australian Housing Market" to immediately crash, the new and improved acronym USDOP spells doom for house prices.

eBay shares would gain 5%.

Wall Street cronies would continue looting while Silver Stackers would continue to stack silver.

 

Somehow, one side of my thinking says that this kerfuffle is like an entre into a many meal course. Why is this debt ceiling so pronounced over all the other previous ones?

So called leaders criticise them for not acting any faster to resolve the issue, etc. What everyone should be doing is trying to find a way to re-price every basic human necessity (oil, soy, wheat, sugar, pork, corn, and on and on and on) in a denomination that is stable, and leave these shmucks behind to themselves.

Imagine the following televised scenario: "We request the world gives us two days breathing space and suspend trading USD while we work things out". Um, wouldn't that be fun for everyone.

This ransom had to stop, but seems NO ONE in this world is a real "leader" anymore.

I truly believe we are too successful a species for our own good sometimes.

 

There are some who have already started trading in currencies other than USD. Russia and Iran come to mind... i've also heard rumours about some South American countries doing the same...

 

Funny, the dollar Index has gone down. Clearly someone out there has a brain.

 

I can tell you what is different. The Supreme court has ruled that unlimited money can finance campaigns. So this will boost the prez campaign cycle. Let the circus go on!!

 

why not? if the pole shift theorists are right - the financial system would collapse anyway.

 

the US dollar is like a car that has been so thrashed they may as well blow the motor cos its so broke it aint worth fixing

expect more flooding economically and geologically ...

 

they flood the world with dollars - they get as much of the gold and silver - and they get the hell out .... not bad for a bunch of bloody modern day pirates ... and they even fly their jolly roger skull and bones flag at their clubhouse meetings


If you believe in that kind of thing

 

My wealth is in silver. I back it up with stacking. Yes.

 

http://www.youtube.com/watch?feature=player_embedded&v=YvwqX6o69Iw


Peter Schiff, to me the BEST economic commentator in the USA.

HIGHLY recommended.


OC

 

Interesting how the Dow closed down 12 points, instead of the massive gains that were forecast by the ASX after this debt deal. It's a funny old world.

The roller coaster continues...

 

Just sitting in work atm, and what I see.in the telly is bunch of clowns in congress clapping and cherishing after raising the debt ceiling uffff what a success , what a joke

 

Schiff is right! It is a joke - spending cuts spread over 10 years? This is a charade and I think most can see it as that so don't expect big falls in gold and silver following this announcement.

 

I am thinking we will see more of it in November.

 

Might have been because they were unsure that the bill would pass the house.