Tuesday, March 26, 2013

PONZIMONIUM!

That should aptly summarize the current state of affairs for the Madoffsky ponzi called the Eurozone. "We're from the Union and we're here to fix you".....a new twist on an old line but oh how appropriate for our current predicament. As Trillions of dollars are printed yearly in the U.S. (some estimates are over 6 Trillion/yr now) to give us a meeger 2% GDP growth.....we celebrate our "recovery". We celebrate our housing recover as millions of single family homes fall into the hands of hedge funds giving the impression that "people" are once again living the "American dream"....instead of the truth which is funny money in the hands of bankers is picking up still over-priced real estate just to find a home before the plug is pulled on the printing press. Of course the reserve currency can sustain the "Grande Illussione" much longer than the Eurozone. We are a single monetary/political unit designed to keep the game going much longer than the European central bankers. Of course what the CNBS presstitutes fail to mention in all of the current hoopla regarding the housing recovery is just how terrible this illusion REALLY IS. Why you may ask is this terrible? It is pure and simply perpetuating what got is into trouble and that is MALINVESTMENT.

Blashphemy! How dare one criticize our dear housing recovery. Think of all the Real Estate agents and builders and laborers and Home Depoites that are thankful to have a job tonight. Sorry to give you this news sheeple dip swallowers but a "housing recovery" is an illusion created by Ben's malinvestment. Its built on quicksand and has the life-span of  a knat. If it makes some of you feel there's a future in this strategy then gl with that Netflix you're holding. Instead of a long term plan to rebuild our economic system with honesty, transparency, and true CONfidence we are reinflating a housing bubble that can't be reinflated but it at least keeps the banks that put us in the hole looking like they are solvent. Forget our infrastructure collapse. Forget the roads, bridges, railways, and crumbling educational system.

Let's jump back to Europe. You don't get it do you?? Why would they make these "mistakes"? Why pull the rug from beneath the whole CONfidence game with this awkward Bail/in/out of tiny Cyprus? Maybe this is all a blunder on their parts. Inept technocrats stumbling through a series of incredible mistakes that have now placed the VERY ESSENCE OF BANKING AT RISK. Maybe.......but let's look at this from the standpoint this premise is the case. If so....then rest assured this game is over. Most of you think I mean it ends here and now.......maybe....its really very possible and if you were smart, you should have already taken precautions WHEREVER you live. Contagion is funny thing......its hard to predict but when it happens it tends to spread much more rapidly than anyone "could have predicted". I am NOT predicting CONtagion right here and right now but I am telling you that Cyprus has "lit the fuse". I do not know if its a few days or a few weeks, but I have concerns this move can escalate beyond what the media is having you believe.

The other concern I have is that the above premise is wrong and this is engineered, and this is what I believe to be the case. I won't go into any detail on the motifs, but the outcome remains the same......CONtagion and fear. Never let a good crisis go to waste. Finally...watch the "Capital Controls" ....its VERY important in the short term and long term......its like trying to "Price Controls" to control inflation that were imposed by Ford in the 70s.......it opens tremendous risks all over Europe. Pour this poison into the European system and watch it die......gl





107 comments:

  1. http://www.zerohedge.com/news/2013-03-26/guest-post-whom-believe-gold-central-banks-or-bloomberg

    ReplyDelete
    Replies
    1. "Clearly we should take notice. If central banks are preparing for a major change in the value of the dollar, shouldn't we? The fact remains that the US dollar cannot and will not survive the ongoing abuse heaped upon it by government planners and federal officials. That not only means the gold price will rise, but that many, if not most currencies, will lose a significant amount of purchasing power. This has direct implications for all of us.

      Embrace the messages central bankers are telling us – the ones they tell with their actions, not their words. Buy gold. Your financial future may very well depend upon it.

      While buying gold will protect your purchasing power, your best bet at growing it substantially is to stake claims in little-known companies that mine precious metals."

      Delete
  2. OT for the current times but its about my favorite Emperor after all.....

    http://www.zerohedge.com/news/2013-03-25/mayor-bloomberg-drones-oh-its-big-brother-get-used-it

    The Constitution whats dat????

    ReplyDelete
  3. Pulling the trigger on my Metals buy Today. Silver and Gold. Things in Europe coming undone quickly. I know the there will be some safe haven buying coming into the US stock market. (I never thought I would hear myself say those words) that should help gold to lift after the US open. I feel like I'm living in the Twilight Zone. How in the world can the Stock market be making record highs here? I guess each to their own. I'm staying with stacking metal. Hey I seen where the DHS is buying another 360,000 rounds of Ammo. Good for them, they will need them if they pull a Cyprus over here. Well maybe. They will definitely need them if they ever outlaw beer and football. God help us all!

    ReplyDelete
    Replies
    1. Matt,

      Don't count your chickens before they hatch on the game of football, I'm sure you took notice on the most recent rule changes, they are Fking up football as well........ Nothing is out of bounds anymore!

      Delete
    2. Well it's only natural for the powers to be to neuter the sport just has they have emasculated the American male. It's a sissy sport. Lets not hurt anyone.

      Delete
  4. http://www.marctomarket.com/2013/03/morphing-crisis.html

    ReplyDelete
  5. Another day, another buying the gap down on metals on binaries. Ka-Ching! :)

    ReplyDelete
    Replies
    1. Santelli said it all this morning......"They've securitized gold"......hehehhehe

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    2. I had to listen to Cramer saying he's a gold bug this morning. Made me wanna upchuck breakfast ;)

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  6. Help! What does Rick Santelli mean by gold has been securitized? Gold is just another piece of paper: http://video.cnbc.com/gallery/?video=3000157263 Maybe he means GLD? Thanks.

    ReplyDelete
    Replies
    1. Ditto what did he mean?

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    2. He was responding to a question about why gold is not moving up today with all the trouble in Cyprus....and he said that with EMPHASIS...because he is CORRECT.....gold is MEANT to be REAL MONEY because you cannot COUNTERFEIT IT. So how do you control its price.....You turn it into a security as I've mentioned many times they have done through the ETFs like GLD and the various etfs that are leveraged etc....so that money goes into these PAPER vehicles.....it helps them control the price if the money is not taking possession of the Bullion. I CRINGE when you tell me you are investing in these ETFs....its their game...TAKE POSSESSION and go out and enjoy life. The miners are paper and are controlled also because they are Securitized......both miners and physical bullion will ultimately move out of this range but that is what Santelli is saying....securitizing (turning gold into paper) is HOW they've controlled the price...I laughed because he knows the game.....and I laughed because I know there is a limit......

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  7. Look at gold rip as the stocks come off the lows. They gotta get the Euro back over 128.00 here, Glad I bought metals early this am. ;o) GL gang.

    ReplyDelete
  8. next up...


    http://uk.reuters.com/article/2013/03/27/uk-malta-cyprus-idUKBRE92Q0CD20130327

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  9. Thanks Kli. Now I get it. I was afraid he was saying gold is no longer money. I am bookmarking your explanation.

    ReplyDelete
    Replies
    1. they always used the COMEX to help to securitize it and control its price but they needed to invent more instruments to absorb the fiat going into it.....so they have "gold backed" securities....its a lie.....if it were so gold would be over 3500/oz already......this is why Soros pulled his money out of GLD....he knows there won't be gold behind it when the SHTF and that is really the reason to own gold for most people.

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    2. The actual price control is through the London fix and BIS.......they set the price and the intraday manipulation is just that......The choke point for the entire scam is accepting physical delivery by big players such as "other" central banks outside of the Euro/US banking sphere.......and that is occurring now with a ferocity not witnessed previously which tells me the end game is nearing.....WHEN IS THE END GAME?......dunno might be tomorrow....might be in a year....but this is not some "minor bump" in the road for us....it will be a dramatic change for all of us

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  10. Can you say a "rock and a hard place".....ahhh yes....the law of unintended consequences.....checkmate you sonofabitches..

    http://news.goldseek.com/PeterCooper/1364393700.php

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    Replies
    1. Well now seems that the Butterfly effect is now in play...... Still think this was well thought through? I don't.......

      BTW thanks for the Santelli explanation I feel better now :).

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    2. Tom most that follow this entire ponzi believe they WANT to implode the system....so it may be "thought out" in that way......and yes I believe they may be using Cyprus to "unravel" the system.....maybe not in a day or a week....

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    3. http://www.zerohedge.com/news/2013-03-27/cypriot-foreign-minister-blasts-germanys-ruthless-decision-wreck-countrys-economic-s

      replace the word Germany with the PTB

      Delete
  11. BRICS meeting in S. Africa and look to establish a rival to the IMF. Also, China & Brazil circumventing the use of the dollar: http://www.marketwatch.com/story/brics-agree-to-100-billion-reserve-fund-2013-03-27-104852732 The changes they are acomin'. Bye, bye American Pie.

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  12. I wonder if "they" will change the Dollar/Euro amount that is protected within banks. In Cyprus, those with ammounts 100,000 or less were protected. But, if banks keep collapsing, maybe then amounts will be lowered. ie, 90,000, then 80,000, etc.

    So, it could be hard to trust the banks at all.

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  13. I think they are using the Cyprus as a trial run and to set an example. Let it all play out and calm down and then go to a bigger country let it settle down and then crash it sometime in the next 2-3 years.

    ReplyDelete
  14. AS mentioned here over a week ago I was interested to see how the MSM would present this obvious screw up....ie I wanted to see if they would "gloss" over it and mitigate its damage....implying it was all just a screw up by the central bankers or would they jump on this a "contagion"...which they did....implying to me they planned this. Jim Sinclair and several others feel it is an effort to create a LOSS OF CONFIDENCE and give the velocity of money a kick in the seat.....Velocity of money has reached a 50 year low this week. If people can feel their cash is not even safe in a bank then they will start buying other assets (just not gold please)....IF this is so then be prepared for gold to start running soon.

    ReplyDelete
  15. FED'S KOCHERLAKOTA: Fed to achieve inflation, jobless goals by 2018.

    If they move the yard stick any further out, I will be dead.....
    First, the goals were supposed to happen last year, then, this year...now 2018

    print until ink is gone....

    the fed lies like a rug and just keeps pulling it out from the citizens...

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  16. Kocher also stated a year ago that he was against further QE.....TODAY he is saying that the Fed IS NOT ACCOMODATIVE ENOUGH...it seems we have a "change of heart".....wonder what he sees??? one word.....Depression

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  17. http://www.thelocal.es/page/view/spanish-pm-says-small-accounts-safe#.UVM9tRysjTo

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  18. http://www.marketwatch.com/story/feds-buying-half-of-mbs-issuance-official-2013-03-27

    housing recovery my booty...1/2 of the market is being bought daily by the fed....enabling gambling bankers to steal from all of us....

    saving the bankers to kill the citizen.....Fed Job number 1

    ReplyDelete
    Replies
    1. Don't forget to count the number of houses bought through the hedges to "clear the logjam" Many of the most depressed markets that are clearing like Vegas have an enormous percentage of sales as "all cash" reflecting investors NOT single home buyers.......I don't have ANY problem with this but it is anything BUT a healthy housing recovery

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    2. I have a huge problem with allowing the same PE and Hedgies whom created CDO's out of thin air get bulk repos from fannie, freddie and Fha for pennies on the dollar, thus creating pottersvilles thruout america. IPO's for REITS created with this Fed criminal activity are the hottest ticket right now on market..

      They should have given the foreclosures at the same price to returning veterans whom risked their lives for these pigmen....

      Totally distorts market and is part of price fixing impetus on housing..thanks fed for destroying a free market for young families...thinks for destroying the prudent to reward the greedy....

      Delete
  19. Do we need to revamp the Fed or end it?

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  20. Well Jay....since they are Private Bankers that own the Fed.....and control all three branches of Government....where would you like to start....Send a letter to your senator???? Lawsuit???? Maybe as Eric Holder to investigate....hehehheheheheehh

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    Replies
    1. Holy Chit that was the best laugh of the month!!!! I just shot water through the nose LOL!!!!

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  21. The last two presidents that went after them were Lincoln and Kennedy

    ReplyDelete
    Replies
    1. hmmm. They both ended up 6 feet under.


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  22. END IT Talk about a lob ball. The FED is the problem. They are enabling the politicians. The FED is like a drug dealer. If they would have let the system collapse we would have been through it by now. Sure it would have been tough for a couple of years but our country would be is a lot better position now.

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    Replies
    1. Our country is only a means to an end to the Fed...its provides them a standing army with the tactical ability to impose their control on virtually any country.....we of course are told its to "defend" our freedoms....hehehehhe....they shipped our manufacturing overseas for cheaper labor to expand their control in developing nations while exiting a decaying empire....drained of its morals and its resources and a declining workforce......feed them massive amounts of cheap GMO grains and vaccine them senseless and turn down the lights.....fry a few billion peeps as you change course and Impose martial law as you exit to maintain control and move on to the next super cycle.....wash rinse repeat.....the peeps will never catch on....THAT I GUARANTEE

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    2. This is pretty depressing.

      All those elementary school lessons about democracy, the 3 branches of government, legislation, elected officials, etc... They were all a waste?

      I don't think this is what our founding fathers envisioned when they created this country. At least we still have the Constitution.


      Delete
    3. Constitution....... What's Dat????

      Delete
  23. ...and if the peeps have any pain, we have narcotics.

    http://abcnews.go.com/US/prescription-painkillers-record-number-americans-pain-medication/story?id=13421828

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    1. Ain't that the new long term Geriatric protocol in Obocare?

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  24. Just fwiw, friend moved his money from Italy & Portugal to Austria last week...interesting choice that advisors made. Not sure of the reasoning. Apparently trusts those advisors. Painkillers & antidepressants both cause neurological problems, right Kli?

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    Replies
    1. We have a long history of over-prescribing narcotics and psychotropics in the U.S.....it involves many aspects of modern medicine that include for one thing massive government/insurers/big hospital takeover/interference........there is a concerted effort to deny access for the bulk of peeps to physicians/medical care. Deny access=bigger profit for insurers....Hospitals have been consolidating beds which increase profit as they enter many endeavors in the outpatient/ancillary areas fro profit.....physicians are now a VERY small voice in the delivery of health care......VERY SMALL. Most primary care physicians leaving are being replaced by physicians assistants and nurse practitioners functioning as independent providers in most states......its called boiling the frog......I could go into great detail but you may fall asleep

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  25. Jay -- "at least we still have the Constition" Oh, man, where have you been? They're ripping it to shreds on a daily basis.

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    Replies
    1. Constitution is gone.....the new enemy of the U.S. are the constitutionalist

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    2. You ain't kidding about that.....

      I had a response to you earlier on the above comment about willfully wanting to implode the system but lost it, stupid phone what can I tell you but your explanation re: the Fed pretty much sums it up the end game, although we are talking the Troika because whether or not Cyprus was a mistake or intentional the only outcome I can see is strife and suffering for the proles and ultimately war between nations, an outcome I would think undesirable for all parties involved but hey what do I know.........

      May I suggest one day, just for a break in all this Doom and Gloom you put us all to sleep and let everyone know whats on the horizon with Health Care as almost no one knows whats coming down the pike with Obocare.... heheheh although the MSM is starting to leak out the coming premium increases.....

      As sad as it is, this ought to be fun to watch because folks have no clue!!

      Delete
    3. Fair enough Tom.....you asked for it so I'll give those interested what the system has in store for them...I'm sure a number of people on this site have dog in this fight so they can chime in.

      Delete
  26. Hey guys, here's something interesting, http://www.techeblog.com/index.php/tech-gadget/stunning-valcambi-gold-combibars-can-be-snapped-apart-might-be-future-of-money Mfd. by Newmont, in India now and I'm checking to see if Gainesville/Apmex/etc. may have some. A friend sent this to me.

    ReplyDelete
  27. Danke, just practicing .... hehehe I will look forward to it!

    Not that anyone here needs further proof of the old adage "A bird in Hand is Worth Two in the Bush"....

    http://www.zerohedge.com/news/2013-03-27/physical-gold-you-thought-you-owned-you-didnt

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  28. Tom,

    I had my BC/BS representative meeting this morning. BC/BS is rolling out a new product in anticipation of Obamacare. She told me that she was in a meeting with their "Obamacare consultant". And, when he was asked what should BC/BS expect will happen once Obamacare is implimented, his answer was "We really don't know".

    So, there you have it.

    I agree that the premiums will go up. 30-40 million people are being added to the rolls and someone has to pay for that. Even if you count the nurse practioners, we don't have enough bodies to care for these people. So, many of these newly covered people will keep going to the ER where care in more expensive. So, costs won't go down--at least initially.

    I don't know if Kli has heard this figure, but if true, it may help you understand what's going on. In most countries, for every 3 physicians, 2 are primary care-type doc's and 1 is a specialist. But here in the USA, those numbers are flipped--there is only 1 primary care MD for every 2 specialists. Specialized care is more expensive as it tend to be procedure driven. MD's that are specialists tend to make more money, so medical students & residents are drawn to these fields. Many have large loans to pay, so why not choose a specialty that pays well.

    Maybe I'm dreaming, but it is my understanding that Obamacare is trying to push medical care back towards primary care. Whether that really will happen remains to be seen. But, some financial incentives for primary care have been built into the new Medicare billing codes that started this January.

    ReplyDelete
    Replies
    1. the actual delivery of primary care by physicians is considered impossible to deliver for a number of reasons. Time alone dictates an alternative to physicians which would require 20 years of shifting resources to even approach the number needed....so to "save money" and provide "care" they are moving towards Nurse practitioners and physician assistants. Doc is correct there are not enough of either but rest assured there IS a solution to that and its occurring NOW.....they are allowing online education taking now less than a year in some cases to obtain your NP certification. There is such a need in so many areas that Hospitals are throwing away their standards to get these people in position...obviously all hospitals are not equal but I am seeing it firsthand so I know its happening and I am in a number of hospitals .....These new grads are being placed as INDEPENDENT practitioners in high level Emergency rooms with NO SUPERVISION on their patients.....many patients they are seeing are beyond their abilities to care for but the system is so broken no one gives a shit. The casualties of this are the patients....I also expect a new influx of foreign graduates with VERY poor training backrounds to enter. Most radiologists are being replaced in hospitals by digital radiologists from overseas.....in India/Australia/China and so forth......there skills are frequently lacking and the digital readings are inherently full of mistakes. The digital format regarding medication orders in the Hospital under the guise of "lessening med errors" is a travesty....the digital system is INCREASING errors.....but of course that's all being concealed......so forth and so forth......its exhausting and I'll stop for now

      Delete
    2. Doc,

      I'm just referring to what the title states and what people think it means "Patient Protection and Affordable Care Ac" and it's shaping up to be nothing of the sort, affordable that is and there are going to be a lot of unhappy Obama-ites that were sold a bill of goods...... Never mind all the mysteries that are included in the 2700 page document that is still being written so in that sense the BCBS rep was right no one really knows at this point!

      Here's an bit summarizing the report released by The Society of Actuaries "Cost of the Future Newly Insured
      under the Affordable Care Act (ACA)

      http://patdollard.com/2013/03/obamacare-to-cause-health-insurance-premiums-to-rise-62-in-blue-state-california-80-in-blue-state-ohio/

      Here's a link to the full report, not done with it but its not promising to say the least....

      http://cdn-files.soa.org/web/research-cost-aca-report.pdf

      Delete
  29. Tom,
    I won't deny what Kli sees. Here, I don't see newly trained NP's placed in critical positions that are unsupervised. But, I only see a small corner of the world.

    There has been some push-back regarding NP's. Many of the large Cardiology groups here employ them and patients complain that they never get to see the doctor anymore. Well, three younger Cardiologists formed a group, and sent letters out stating that they will never employ a NP. Thus, any patient referred to them would always see one of the Cardiologists. Their group became very busy, quickly.

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    Replies
    1. Yup Doc its a state by state/ city by city and hospital specific within both areas.....but I am seeing it in the last 2 years expanding rapidly.....What concerns me the most is that its being driven now by the hospitals in very sensitive areas like the ERs urban AND rural but mostly urban.....areas that were once bastions of boarded physicians.....In some more rural locales the ENTIRE hospital owned clinics are staffed ONLY by NPs with physicians only coming on an hour per week to sign off....Patients in those communities have little choice....Administrators love it....they don't have to deal with the demanding Doctors.....but in most cases demanding doctors were already isolated and dealt with under the "disruptive physician" rules.....which may sound reasonable on the surface but the rules were used to eliminate any physicians with valid concerns regarding the hospital's standards of care.....very effective in running out physicians that opposed poor policy and silencing the remaining physicians on staff......what a dirty bunch of bastards, Imagine the waste in these hospitals.....40 bed hospitals with 800 employees....89 of them management level.....hehhehehehehehe

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  30. This comment has been removed by the author.

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  31. Doc,

    As for what Kli see’s I don’t doubt for a minute especially around here, although I’m not involved as you both are and my background was from a vendors perspective in the medical field and that is a decade old but I do keep in touch.

    Actually I have some very good sources as many in my family are in your field and a few sit on the top of the food chain in their perspective departments at a couple of large hospitals in the area and one works for a third party administrator mitigating malpractice lawsuits…. now there’s the person you want to talk with if you really want to know what’s going down, especially if you’re going in for a large procedure and what facility not to go to!!! Hehehehe.

    I agree with your assessment on how PA’s affect a private practice because I left my GP of many years for just that reason some years back, as a matter of fact so did his partner to which I followed as she is extremely good but even she over the past few years has cut back her practice and no longer does hospital rounds. Although she won’t say it but I think she is winding down to get out……

    What are popping up around here are these “Doc in a Box” offices that pretty much function as an ER does for all the non-emergent stuff. I will admit it’s convenient, walk in at any time and very little wait. However you get what you get as it relates to who sees you but for the simple stuff I suppose it doesn’t matter……

    I will back up Kli’s claim regarding computerization of orders as you just need to sit and listen to some of the fubars that go on when speaking to my family in your field, actually it’s pretty scary…. One things for certain at least in my mind it helps to know folks in the medical community, this way you have access and can be directed to the best providers your area has to offer because they do look after family.

    Even with that being said as you stated Specialists will be leaving the community which at some future point how does the system replace all that experience?

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  32. Tom,

    I didn't mean to imply that Specialists will be leaving the area. I believe (perhaps wrongly) that one goal of Obamacare is to try and promote Primary Care such that medical students & young doc's (residents) will choose Primary Care instead of going on to specialize further (Cardiology, GI, the Surgical Subspecialties, etc). It becomes a question of just how many specialized physicians you need in a given area--that is, how many Cardiologists does a given community need? If you only need 20, but instead have 50, costs will be driven up. Physicians have a way of generating their money/salary, no matter how saturated the market may be.

    The thought is that if patients had ready access to good Primary Care, health care costs might go down.

    I've seen the changes unfold for a long time, and Yes, it has become a mess.

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  33. "Mess" seems to be the best word to describe whatever area the gov't. takes over. Take mortgages & banking, health care, education, transportation, etc., etc.

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  34. This is as good an explanation as I've read on Cyprus.......

    http://www.zerohedge.com/news/2013-03-28/cyprus-answer-uniastrum

    ReplyDelete
  35. Carl Quintenilla on CNBS..."everybody in the WORLD is tweeting about the SnP breaking 1565..." hehehheehe

    he's talking on camera with traders on the NYSE standing behind him by the monitors DOING NOTHING and looking like they lost their best friend......nuff said

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  36. Can you say TRAPPED.....no way the Cypriots get there money out.....80 yo widows would have to go to banks and stand in line hours /day to get 300euros....it would take weeks to extract a small retirement account of 10K euros........months to extract 20K.....Imagine the panic in these old folks.....to discover their money is no longer their money......who is going to deposit money in their banks? let's see what happens when inflation starts in earnest....Eurozone is toast

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  37. Inflation already starting in earnest: http://www.newyorkfed.org/markets/tot_operation_schedule.html Nice Treasury purchase today. It's $10-12 Bil. this wk.

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  38. Gold
    1,597.00
    -9.20
    -0.57%

    The Cyprus panic is over. The fear level is going down.

    ReplyDelete
    Replies
    1. Yup......that's what you are to believe....but is it really??? hehehhehehhe

      Delete
  39. Sister, I'm awaiting pomo schedule for April, If no sales, the intent is take spx higher...they haven't sold anything in 3 months...all purchases...they are the market

    DCTH is getting bid...looked at charts and wala...50/180 cross happening and they are due for FDA decision by early june...so might be good scalp...target 2.50 area

    http://s21.postimg.org/vkyqg6abb/dcth_4_28.jpg

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  40. http://rt.com/news/black-sea-naval-drills-999/

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  41. http://blogdogcicle.blogspot.com/2013/03/sorcha-faal-says-russian-military-warns.html

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  42. It's going higher
    http://www.newyorkfed.org/markets/tot_operation_schedule.html

    All buys, no sales... they are just buying all the MBS off all banks....junk or not....they are going to hold to maturity.....the game is fixed....

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  43. Yeah didn't you get the memo all is fixed again in the EU. Oh wait Italy can't form a government. Oh wait just send in Goldman Sucks in they can fix it.

    ReplyDelete
  44. Gold
    1,595.50
    -10.70
    -0.67%

    VOLATILITYS&P500 (^VIX)
    -Chicago Options
    12.78 Down 0.37(2.81%) 3:39PM EDT


    Stocks edged higher on Thursday as the S&P 500 rose just above its record closing high, a level that has acted as a significant resistance point in recent weeks.



    These guys are professionals at masking the real world.



    ReplyDelete
    Replies
    1. What choice do you have if you're operating a ponzi.....if Madoff had the printing press he'd still be on top of the world........it will end and it will end very badly for the peeps...but that's their plan too.......

      Delete
    2. Ben can't print forever. Hyperinflation will eventually kick in.




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  45. Well, I have it from a horse's mouth. The Highway Patrol will be using drones to identify speeding/weaving drivers on I-77 from N.C. to Va.during this long week-end. It was a very, very reliable source who told me this...unreal!

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    Replies
    1. they're using them all over now........we're so screwed

      Delete
    2. Yup we are so screwed......

      http://www.activistpost.com/2013/03/latest-non-lethal-weapons-arsenal-that.html

      http://www.pakalertpress.com/2013/03/27/homeland-security-to-military-we-will-absorb-you/

      Delete
  46. http://www.zerohedge.com/news/2013-03-28/russia-next-line-restrict-cash-transactions

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    1. Yeah saw that earlier I didn't know they did'nt have plastic to the extent the West does, guess this might just go over like a lead balloon....

      Delete
  47. Could our bank assets ever be frozen in America?

    Is it even legal here?

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    Replies
    1. the post for the weekend will deal with this......short answer is Yes...and they WILL.....its not a matter of IF its only a matter of when

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    2. once again my concern and frustration with the miners is NOT whether they will go up...its whether there will even be a paper account

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  48. I believe so, look at every thing else they are doing that would have got you a trip to the flight deck say twenty or so years ago if you went around even suggesting such.....

    I know this is an over simplification but look up what happended with Indymac..... but look at from the standpoint of it all going to chit at the same time! ZH had a good piece on recorded deposits and what's on hand @ the FDIC.... Just do the math


    Anyway you'all (I'm practicing fpr the move South) hehehehe

    Enjoy your Easter Weekend!



    ReplyDelete
  49. I found the on "Silver for the People".
    This would imply the banks can take the money--or convert it.

    http://maxkeiser.com/2013/03/29/it-can-happen-here-the-confiscation-scheme-planned-for-us-and-uk-depositors/

    I'm seeing my accountant this afternoon and we often get into lively discussions. I will post anything of interest.

    ReplyDelete
    Replies
    1. Accountants from larger firms are VERY guarded discussing this subject. They tend to plead ignorance....

      Delete
    2. My accountant is one of the top accountants in this region and she tells me when she is speaking to her larger clients regarding their inquiries on these subjects that she uses me as her anonymous reference. After I had told her what was coming in 2007 she makes it a point to listen.

      Delete
  50. http://www.zerohedge.com/news/2013-03-29/oooops

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  51. Looks like KLI isn't the only one collecting physical...

    Gov. Perry: Texas wants its gold back from the Federal Reserve


    http://www.washingtontimes.com/news/2013/mar/27/gov-perry-texas-wants-its-gold-back-federal-reserv/

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  52. Sister - Va has used aircraft to monitor speeders for years (and have had signs warning drivers). Sounds like NC was just to cheap to use regular aircraft. Hehehe

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  53. from commenter pods on ZH

    Well I see alot of me in people who tend to be new, angry and really want to convince others of what they have learned.

    I was once there, and many here will quietly nod in agreement as well.

    For me, it was a hell of a time. Long nights sitting at a keyboard, drunk as a skunk, looking for that one piece of information that I could wave in front of everyone so that they could realize what I did.

    I wanted to find that smoking gun. Something that a hung over, sleep deprived crazy man could wave around, vindicating all my agony.

    Eventually, I realized that I would never find that one thing; With support from my wife, I found my way out of my own personal hell after realizing that there was so much out of my control that I would die trying to prepare for it all.

    You just cannot prepare for every possible scenario. But you can do some simple things that both protect you and those who depend on you, and also help destabilize the system.

    And that is very empowering. After a while, you will not feel shame for saying to others that you in fact do NOT have a credit card. You use capital that you have or go without.

    Debt is the key, and not using debt is the single greatest effort we can put forth to stop this madness.

    I appreciate the comment, but I am no more a Jedi than you or anyone else here. I am just the sum of all the choices in my life, and I pay attention to those (especially here) who have a lot more knowledge than I do. And they give it away freely. What can be better than that? Well, finding more gold in the pan, but I digress. :)

    pods

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  54. Question for Kliguy:
    If you expect a substantial amount of your retirement accounts to be confiscated at some point, why not close them out, pay the penalty and keep your money out of sight(in physical gold/silver). I too have a large % of my money in a IRAs and have also put a decent chunk in miners. So just wondering your thoughts as I try to sort this out for myself. Thanks.

    ReplyDelete
    Replies
    1. alas the 64K question......I think that each individual has to answer this question themselves.....IF you believe the system will "muddle" through then your account and miners will perform AMAZINGLY and of course life will be grand......hehehhehee......If you think there will be a looming disaster and that you can get enough warning if it comes to make the decision you referenced in the "nick of time" then of course you will be "ok".......If you close your retirement acct and take it all out and put it in hard assets and pay the taxes and penalties then you lose all of the tax benefits and 40% of you acct...but you have "possession" and "more control".

      Delete
    2. I also think that Red's perspective deserves consideration and that is what happens if a collapse occurs with impairment of the grid and the financial system that extends for years. Are you prepared for this with your location, neighbors, family, protection, WATER source, Food sources, etc....these are the questions you should be addressing in a more systematic way. With a system that is completely corrupted I think one has a right to expect an extreme crisis to allow cover for imposition of complete marshal law and control......ie. we have soft marshal law and destruction of most of your constitutional protection NOW.....but before hard marshal law a true crisis will need to occur for the public to accept or even "beg" for it......That is why a lot of very educated and very "aware" people are using "prepping" more and more.....Look at cyprus now.....AND Greece....food lines people begging.....and this is the "initial" stages...

      Delete
    3. " I too" had "a large % of my money in a IRAs". Paid the tax penalty and took a majority out, paid off all debt, bought a place well above sea level and away from earthquakes and repairs with those funds. Remainder was spent on basic prepping basics - toilet paper, rocket stove, water purifier, emergency solar generator. Other hard investments in PM or ammo should have already taken place, but that is a personal choice of how much if any.

      A seven figure net worth is meaningless if you only have 3 figures liquid and readily available at any given time.

      Diversity is still good, a decent mix of real assets to balance out your virtual assets.

      Even if you started yesterday, it takes quite a bit of learning curve to try and survive if the JIT supply chain fails in your neighborhood.

      Like North Korea, the area surround me is an impoverished, cold and harsj area full of nuclear weapons and heavily armed paranoid locals.

      Delete
  55. Bondguy & others,

    My wife & I are wrestling with the same issue. Jim Sinclair wrote that we have 1-2 years to get out. If take my age and add 2, well, it is less than 59 1/2. So, it's a problem. But, at least I have gone from "refusing to even think about it", to at least "thinking about it discussing it".

    I added less to my retirement in 2010 and even less in 2011. I want to give zero this year (tax year 2012), and my accountant is working out the math. "Luckily" for me, this Cyprus event came just in a nick of time. I met with my accountant yesterday and Cyprus gave me some good ammo going in. "Told you one day the electronic money will go poof". I have told him my concerns about electronic fiat for years.

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  56. in the 1970's Adam Fergusson did a book....when money dies.

    this time I say this the death of money..

    all 401'k and Ira's and pension's will be zero.

    kil's new post I will give my thinking on this.


    PS.....just bought my new buy of a monster box of silver eagles

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  57. http://www.washingtonsblog.com/2013/03/it-can-happen-here-the-bank-confiscation-scheme-for-us-and-uk-depositors.html


    read this post....paladin

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  58. http://www.kingworldnews.com/kingworldnews/King_World_News.html


    read this..

    paladin

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  59. people......run for the exit.


    there is a run on the banks.

    you do not see it yet

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  60. Well there you have it right in our own back yard.......

    http://www.zerohedge.com/contributed/2013-03-30/canadian-government-offers-bail-regime-prepares-confiscation-bank-deposits-ba

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  61. Taking money from a retirement fund is NOT necessarily an all or nothing process.....a portion may be a reasonable compromise for some......pay down debts or buy farmland or buy necessities or buy gold and silver or platinum.....just something that you believe will have value......tough decisions.

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  62. Is this for real!? FDIC & Bank of England have provisions for bail-ins...

    http://silverdoctors.com/fdic-bank-of-england-create-resolution-authority-for-unlimited-cyprus-style-bail-ins-for-tbtf-banks/

    ReplyDelete
    Replies
    1. It is my thesis that we are in a complete 120year supercycle deflationary event that is forcing the hand of the bankers to pulling out the stops including a coordinated attempt to jumpstart the velocity of money by forcing savings OUT of the banks including/mainly the bigger accounts......gl with that

      Delete
    2. not to beat a dead horse but they know very well that growth is falling off a cliff.....we're in deep shit

      Delete
  63. Go ahead and beat that dead horse. I like my Alpo tenderized. LOL

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  64. LOL, inlet. Hope you are doing well...Hope everyone enjoys Easter/Passover. I try to take one day at a time (or even 1 minute) and give thanks for what I do have even if it's temporary.(Think Proverbs: All is vanity). Primarily, my health and the health of my family. And for this blog...Kli has provided an invaluable resource for us. Where are you red? I guess I assumed you are in U.S. And Doc, what was your accountant's response to money going poof?

    ReplyDelete