940palmtx said:
Now, now mates, political debate is not allowed and I probably should have said "different" leadership from 2012 - 2020. Btw, there will be drastic cuts in spending once "different" leadership controls the Senate as well
Political debate not being allowed? Thats news to me!!! Politics is central to what we are doing here ie stacking, and cannot be divorced from consideration of the thread topic.
In terms of there being drastic cuts in spending If/when republicans exert their influence.......... The republicans may make drastic cuts in some area's ie education, social security, health (all the area's that Democrats typically spend more on), but I wouldn't be expecting any cuts to some other area's ie the military. And we all know how much the USA contributes to that! If anything, expect more money to roll into the military should the republicans exert their influence (and start more wars/regime changes/interventions or whatever word is fashionable to hide killing on a mass scale). The talked about "drastic cuts" appear little more than charades for the domestic population while at the same time the debt ceiling keeps getting raised.
The US deficit is so wildly out of control and untenable in being meaningfully reduced, that it won't matter what US government (political party) is in power and what shallow promises are made in terms of "drastics cuts in spending". And it is that dynamic, combined with the the US$ being the effective reserve currency of the world which has silver and gold where it is right now. Why is gold and silver not going up right now in terms of the current correction? The reasons could be numerous and include way out there on the edge NWO type conspiricy to destroy anything which will challenge the establishment of a new world reserve currency to other more malign reasons. Discounting my own personal beliefs of the big picture "stuff", I think the short term narrower view is that people need fiat and fast. Margin calls on highly leveraged stock holdings mean that people need to come up with money fast for their creditors and sometimes this might mean dipping into their core PM holdings if they hold physical. People with both leverage stocks and commodities are even in a bigger pickel if there are margin calls from the creditors (ie they may only have paper PMs and leveraged ones at that). This might be overly simplistic and only part of the picture but it does seem that when stocks take a sudden big hit, so too do PM prices. However it normally doesn't take long for the PM corrections to bottom, consolidate and start moving back up and beyond (look at where silver dropped to in 2008. Wish I'd bought MUCH bigger back then!).
I can't see any dynamic in the world global system that has changed positively. I see the US$ as still poisonous (though the only option available among all other options seeing as it is the world reserve currency and the system is set up to support its use). The US economy is still ugly. Europes (collective) financial woes which are inextricably linked to the US financial system is likewise ugly. The IMF and World bank still exert their ugly influence for the ultimate benefit of the 1st world countries (read USA and Europe) at the expence of 3rd world countries. Nothing has changed for the better. If anything, the house of cards appears much shakier. So though silver and gold have pulled back significantly, this shouldn't be somethng we are all agast at. We have been talking about this for months (and years) so now that its happening, why are some of us getting surprised? Or is it scared?
Maybe nervous is a better word?
I would add though that we should be careful what we wish for. When/If the big crash happens (SHTF scenario), it might be very ugly and in a much different way to that which we imagine or plan for. For that reason, we can only stack and position ourselves POTENTIALLY in a better financial situation. What other alternative is there? Therefore on that note, I look at the current prices as nothing but a buying opportunity and perhaps the last one as these levels. And if I'm wrong and silver/gold drop even more, then great. I'll take that additional buying opportunity as a god send. I don't see any other alternative.
Politics has EVERYTHING to do with it, and USA politics lies at the heart of it all.......... IMO of course.
