Thursday, December 27, 2012

CLIFF DIVERS

Once again we are facing another crisis when we have been told for five years that we either have no crisis or we have "fixed" the most recent crisis that we didn't have anyway only to have another crisis within a month or two that was once again fixed so that we wouldn't have a crisis that we didn't have. Well I think you get it by now. Its all nonsensensical just as this sentence structure is nonsense.  In spite of being told constantly by our handlers that all is well and in full recovery we seem to be experiencing even more frequent crisis now. In fact, we seem to be receiving a new strategy that PROMOTES the latest crisis on the media just to "resolve" the crisis with some type of bandaid fix at the last moment. If you want to argue like many market participants have over this slow motion collapse that the PTB have the ability to "fix" their banking ponzi then I need only to remind you just how shrill the voices are now in the Fed/Politician cabal.  In case you believe this latest "Fiscal Cliff Crisis" is anything but another "game" for the peeps to be distracted with, then consider this.... Even IF both sides were to give in completely with their proposed spending cuts and their proposed tax increases their would be only a cosmetic effect on the deficits and debt. We would still be adding an enormous amount of debt yearly. That's correct ...Even with the MAXIMUM proposed cuts and revenue increases we would hardly scratch the surface of the problem over the next few years. But if you listen to the drumbeat of impending horror if our elected representatives don't act you would swear their is some type of possible solution for our crisis that we are told doesn't really exist.

It should be clear the level of cognitive dissonance has risen to a point unprecedented in the Modern Age. The reason is simple. The deleveraging of  massively over-leveraged developed nations must be done in such a way that the population is able to slowly absorb the austerity without a full social collapse and resulting chaos. One of the most obvious aspects of this strategy that is NOT being discussed that you need to be aware of is the toll being extracted by the parasitic nature of this money printing strategy on the developing nations as counterfeited paper is exchanged for their precious resources at an ever alarming rate. These developing nations with resources are being plundered at an alarming rate to sustain the developed nation's need for their blood meals. If you are paying close attention then you will notice that one of the ways that many of these resource rich developing nations are starting to protect themselves is by exiting the newly printed fiat  in exchange for gold and other "hard" assets as fast as the fiat comes in now. They don't want to be holding any funny money when the music stops. The game is getting closer to its climax and you have been warned. There will be a major reset. In fact there may be several "reset" events before the end of this currency debasement circus ends.  You may be lucky and trade your way through this but more than likely the investor that understands the precarious nature of our current state will be more successful by holding tight. GL and of course there is no crisis....

11 comments:

  1. of course there is a price to pay for all this cliff diving.

    check out "Greek Crisis Harms Nation's Mental Health"

    http://www.cnbc.com/id/100341465

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  2. Americans, the most spied on citizens ever.....putting the Nazi's and Communists to shame...

    http://www.ritholtz.com/blog/2012/12/americans-are-the-most-spied-on-people-in-world-history/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29

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  3. And "Who's" fault is that pray tell?

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  4. Pants pulled down on anyone dull enough to be in this paper pig. Funny though the miners virtually flat overall some up some down. PAL was up big... Looks like they know the direction of the miners next year and don't want to get caught out of them. My only wish is I'm wrong on the hard move up on the miners in the next few days and I don't get a sub 28 silver physical buy. I'll keep my fingers crossed they let me in one last time to that glory hole. Good luck to all of you and we'll meet at the casino again Sunday night. BTW the Fiscal Cliff is a joke and as several of you have noted a "distraction" . There is no "fix" that is why they are pounding this "cliff"....its to make you believe there is something that "can get done" by someone.....there is nothing

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  5. Kli - looks like silver may be good for a 2-3 week trade on the long side (buy Dec 31/Jan 2). Posting a chart on my blog....

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    1. thanx inlet ...i cant post charts for a week...

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  6. Trader Dan wrote on 12/24 that there was support for silver at about 28.50. So, I have been waiting to see if sub 29 might occur. Still holding SVM,...perhaps its day is coming.

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    1. I think if we get it...it will be down intraday only

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  7. See http://www.safehaven.com/article/28215/silver-knocks-at-cited-window-of-opportunity-in-4-sessions

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    1. I can keep my fingers crossed for that sub 28 .....just might get it

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