Search results

UK went bankrupt during the seventies right? Inflation topping 30% even? How did it manage to dig itself out of that hole then?

The USA! First the USD will hyperinflate, US social structure collapses (it's infrastructure has allready collapsed some time ago) after which some kind of peace force will come in (blackstone), bring some kind of peace back to the nation and there you have it. A path towards 20 years of...

I read AIG had the biggest short position on silver out there. Now why would an insurance company want to be in the business of selling silver it doesnt even have....:confused: Croocks the lot of them.

If Citibank triples in one week it doesnt means the world thinks the financial system is saved and they don't have all that shit on their balance sheet anymore. It just means there are more buyers than sellers. Same should apply to gold. Always these crap analyses on what gold did on a...

It needs to be done on a global base. If they don't then they want to destroy the global economy it's as simple as that.

Simple. Schiff believes in worldwide currency devaluation with the dollar getting hit the hardest so buy gold and lots of it. In case he is wrong, hedge yourself and buy foreign dividend paying real company's that produce real stuff so if the world as we know it doesnt end you will do...

People in Britain need to buy gold and buy it fast.

Why does it always has to be terrible news that drives up the price of gold. Why cant it just be about suply and demand.

Good post. Spread hope, not fear. You don't need all that stupid shit to be happy.:)

Double short real estate stocks and given the state of the real estate market is in this is a buy below 100$ an ounce again, right?

If it does default, my miners are going parabolic.:)

I told my family to go 50% cash, 50% gold in january. They didnt listen so I got mad and then they did listen.:) Gold was at 550 euro an ounce, today it's at 650 euro's so no regrets there. Now, as the global economy deteriorates at lighting speed I try to talk about anything but the state...

Most data out there is pre-crisis data. On CNBC they keep jabbing on about how the days of 40 to 1 leverage are over... But are they really? Thanks for any insights as it is clear leverage has to come down to stabilize the system but shocks could keep coming during the unwinding.

ABN was loaded with crappy level 3 assets. Why didnt they realise it was crap???

Because, they want to keep people in debt from the moment they grow pupes.

Posted here before but I have read the Japanese had a savingsrate of +14% when the downturn started and it bottomed out at something in the area of 2%. In the US, where the savingsrate is 2%(?) a 1% increase in savings would mean a 1% shrink in GDP so that puts the US pretty much between a...

Was Gold a safehaven for those Japanese who saw it coming? Thanks.

When are all those rich fuckers gonna stop funding these crappy zombie firms and start buying gold?

That bald dude.