Saturday, March 7, 2009
Wall Street on the Tundra Iceland’s de facto bankruptcy—its currency (the krona) is kaput, its debt is 850 percent of G.D.P., its people are hoarding food and cash and blowing up their new Range Rovers for the insurance—resulted from a stunning collective madness. What led a tiny fishing nation, population 300,000, to decide, around 2003, to re-invent itself as a global financial power? In Reykjavík, where men are men, and the women seem to have completely given up on them, the author follows the peculiarly Icelandic logic behind the meltdown. http://www.blogger.com/post-create.g?blogID=3980533393592326637
Instead of panning for gold, Americans will search for what they want with guns, knives and any weapon they can find to take from others what they want. CREDIT TO FLARPH FOR THE LINK 7 minute video on people in Zimbabwe panning for gold dust to buy food http://www.guardian.co.uk/world/video/2009/feb/11/zimbabwe-gold-panning-starvation-food
Friday, March 6, 2009
TIME CHANGE EFFECTIVE AT 2AM SUNDAY MORNING SPRING AHEAD....NOT FALL BACK YOU LOSE ONE HOUR... GET SOME EXTRA SLEEP HEART ATTACKS GO UP BY 5% DUE TO THIS TIME CHANGE BUT YOU HAVE MORE DAYLIGHT TO EXERCISE OUTSIDE SO TAKE A WALK IN THE EVENING
Thursday, March 5, 2009
Feb 24,2009 http://www.taipanpublishinggroup.com/taipan-daily-022409.html Why the IMF and Fort Knox Won’t Put the Hurt on Gold Written by Justice Litle, Editorial Director, Taipan Publishing Group Is there a Sword of Damocles hanging over gold’s head? Here’s why U.S. and IMF gold holdings aren’t as big a deal as some think... http://www.taipanpublishinggroup.com/taipan-daily-022409.html Be sure to read the comments. Remember that Sinclair has told us many times that any gold sold by the IMF or any other major institution (if they even have any gold!) would be sucked up immediately by Central Banks and not one ounce of it would ever reach the public markets.
gulfcoasttrader: "The Government today announced it is changing its national symbol to a Condom because it more accurately reflects the Government's stance. A Condom allows for inflation, halts production, destroys the next generation, protects a bunch of 'pricks' and gives you a sense of security while you're actually being screwed. Darn it doesn't get more accurate than that"
Wednesday, March 4, 2009
It's great riding up here through the woods with snow in the fields and ice on the lakes and rivers and the temperature is 70 degrees on a clear spring day. I live where most people have to travel hours to just get to what I enjoy by just walking out the front door.
No folks, that bald headed fool ain't me! I'm not that stupid to kiss a moose. I might get drunk enough to do it, but I'm not that stupid sober.
Monday, March 2, 2009
CONSOLDATION AT THE HANDLE OF THE CUP The gold price broke above the 980 resistance level. Doing so technically did not come convincingly though. The U-shaped reversal pattern is clear, nicely rounded, enough to warrant the name 'Cup & Handle' from the charting lexicon. The top of the cup is 980 on the left side and 1000 on the right side. The positive bias is bullish. Notice all moving averages are in bullish mode, having crossed over. The bull run in gold has come from a bottom of roughly 700 up to 1000. The corrections in December and January were not small. Now the February correction might not be small. But they are fit within the bullish scenario. The MACD cyclical still looks healthy and strong. Support in the current pullback and consolidation appears to be in the 900 to 925 ribbon range. THE GOLD CHART IS CARVING OUT THE RIGHT SIDE HANDLE IN THE CUP & HANDLE REVERSAL PATTERN. From there, a breakout comes. Credit to Clymer for this link to Jim Willie article. http://www.gold-eagle.com/editorials_08/willie022709.html There is much more
Sunday, March 1, 2009
Nothing More Than Inflation, Voodoo Finance And Smoke And Mirrors The so-called greatest economic boom in history, which supposedly took place in the United States from the end of the early 1980's recession to 2007, was nothing but an exercise in inflation and voodoo finance. It was a smoke and mirrors bull market based on Alice in Wonderland economics. The air is now being let out of the balloon as the man behind the curtain, the Fed Chairmen of that era, mainly ardent Illuminist Paul Volcker, and especially Mr. Bubbles, bonehead Alan Greenspan, are now being revealed to us as the Great Oz, who in the fairytale movie turned out to be a carnival barker and balloon rider from Kansas. How utterly appropriate. So, how low will we now go? Will it be all the way down to the Dow 1,000 of the early 1970's? Will we ride our way down to the Dow 2,000 of the late 1980's? Or will it be down to the Dow 3,000 of the early 1990's? Already, the past 12 years of gains has gone up in smoke, and this is just the beginning. http://theinternationalforecaster.com/International_Forecaster_Weekly/Nothing_More_Than_Inflation_Voodoo_Finance_And_Smoke_And_Mirrors
US Orders Project ENDGAME To Begin, 775,000 Americans Targeted For Arrest By: Sorcha Faal A stunning Russian Foreign Ministry report is stating today that the President Obama has secretly ordered the ‘immediate’ opening of America’s vast gulag of concentration camps, built since 2001 and estimated able to hold a further 1 million of their citizens, which is aside from the 2.3 million currently imprisoned in what has become the World’s largest Prison Nation in all of history, in what they are calling Project ENDGAME. These reports say that President Obama’s administration is being driven by the ‘outright fear’ over what they say will be an ‘explosion’ of massive social upheaval this coming summer due to their Nations economic collapse which has nearly totally destroyed their ability to maintain their food stocks as tens of thousands of US farmers have had to resort to the mass slaughter of their bird flocks, swine and cattle herds they are unable to feed due to their not being able to gain access to their much needed Farm Operating Loans they survive on until their crops come in and their flocks and herds are ready for market. The American farmers being cut off from these operating loans is eerily reminiscent of the 1930’s Great Depression which likewise saw the total collapse of the United States being able to feed itself and which Russian historian Boris Borisov has estimated killed over 10 million Americans. THERE'S LOTS MORE: http://www.whatdoesitmean.com:80/index1210.htm