Sunday, July 28, 2013

EGYPT! THE STRAW THAT BROKE THE CAMEL'S BACK

When the survivors looked back on the millennial destruction they were able to identify the tipping point of the collapse. It appeared at the time, to just represent one more seething population that was growing exhausted from the Western manipulation of not only their economics but their culture, and as their violent spiral of revolt evolved.....a destructive tornado exploded. Violence beget violence as the destruction spread across the Middle East....engulfing even Western satellite spheres controlling the very life blood of commerce........OIL. Prices erupted into the stratosphere in a boiling cauldron of destruction....crushing the fragile recovery in the West. Europe collapsed quickly with China and the U.S. following. As the pain of exploding essential costs crushed the lower class  a revolution of chaos and violence emerged in countries once thought immune to such dangers. Governments fell like dominoes not only in the Middle East but in Europe as the elite class scrambled for order in a World breaking down at every level. 

The first Sovereign shots fired came from Japan and China as the new Japanese nationalism found an eager foe to settle old scores with. Many Far Eastern countries quickly joined in the conflict against Japan and South Korea as the Matrix watched closely from the West. Once the conflict appeared to be lost by Japan the West entered with a limited nuclear strike and the first limited global nuclear exchange ensued. After the first half a billion casualties a treaty was declared so the infrastructure damage could be assessed. With the damage from the EMP and satellite systems it took several weeks before the full extent could be tallied. During that time Russia stepped into the mix with the BRICS and the West was forced to make a major concession by conceding the dollar as the reserve currency. This forced a coup within the U.S. and the military took control with a puppet civilian government established and a constitutional convention was scheduled in a year. 

Oil was now up to over $250/barrel and tariffs were now being established on most fronts as newly formed governments tried to re-establish civilian employment and support. Civil wars were being fought in several Eastern European and Baltic states along with regional conflicts in Southern Europe. Many of the cities across Europe were suffering from violent riots from immigrant populations that were suffering from raging unemployment and lack of social support as their economies collapsed. The lack of the dollar as a reserve currency resulted in the collapse of the Euro and now the PIIGS were reaching an extreme in poverty. All of these forces had merged into this cauldron from hell within 6 months from the breakdown in Egypt. No one could have seen it coming. Someone said it was just a complete collapse in confidence.


66 comments:

  1. $250/barrel...now that's when I'll step in and buy some DTO lol! Now we're talking Mad Max scenario, you're beginning to scare me Kli. Interesting post!

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  2. watch the PMs play at 1350 after retesting 1321 in Asia this AM and bouncing hard.....

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    Replies
    1. they're going to use 1350 to hold the price for a bit.....when they do take out 1350 it should run quite nicely

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  3. well that didn't work to well...stop hit on pick up from Friday...

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  4. Hehehe...

    Gold
    1,328.00
    +6.50
    +0.49%


    SPDR Gold Shares (GLD)
    -NYSEArca
    128.47 Down 0.31(0.24%)

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  5. You know, the Middle East has never worried me as far as doomsday scenarios are concerned. You'll have to look long and hard to find a period in history when there wasn't some sort of unrest going on over there, so this is nothing new. I don't believe that all of a sudden the current mess will morph into WW3.

    You basically have a group of people, with ethnic, tribal, religious, and sectarian differences living together in made-up borders thanks to British map drawers of the last 150 years. A lot of these "countries" seem to be purposely put together to always have, or be on the edge of, constant conflict, and often times ruled by a Western puppet strongman to hold things together.

    My money is still on Europe if something big happens. That's where it will start.

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  6. well bud i can't argue with your scenario but i wouldn't be too quick to dismiss the ME as a great big ticking time bomb....DON'T ignore its significance to the global power proxy game

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  7. Phil Davis is suggesting that the Q2 GDP number that will be released tomorrow @ 8:30am will be disappointing. 1.1% is predicted. A disappointing number could lead to a correction.

    But, we do have the FOMC meeting and job's number this week which tend to pump the markets higher.

    So, will a disappointing GDP number (bad news) lead to pumping the markets higher?

    We will find out soon.

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  8. Hmm. Thought GDP formula being changed to create a higher number. In the meantime, 1321 has broken in tandem with the FOMC meeting.

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    1. sister - aren't they revising past #s also? If true then we are interested in the change YOY and QOQ instead of the absolute number I would think.

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  9. I've got a gut feeling that gold is about tank.

    The experts don't expect any tapering news at the FOMC meeting. However, even the slightest hint will send gold plunging.

    Heck, if Ben sneezes, gold will go down.

    This market is at a crossroads.

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    Replies
    1. hehehehe.....i hope so .....my last physical buy will be a whopper

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    2. Meeee too Kli. My last and largest purchase.

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  10. CEF trying to change from trading at a discount to a premium.

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  11. Hey, Inlet. Yes, revising past numbers too...also as Peter Schiff points out, the real reason is to "reduce" the debt/GDP ratio making the debt appear smaller. Appearances v. reality getting out of hand.

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    1. Sister - A zero here and there is "nothing" among friends. Hehehe.

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  12. GDP number tomorrow will be "surprisingly strong"....opening the door for "tapering".....they have to flush this pig.....

    Now here is diabolical.....IF the GDP is WEAK tomorrow.....then watch them taper ANYWAY in September......that would catch a TON of market participants leaning the wrong way with complacency and "believing" Ben wouldn't taper......HE WILL taper and screw the sheep

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  13. Ben needs blood and he needs some real fear. he can engineer it by "tapering" then claim that QE WORKED AND MORE is necessary

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  14. And won't tapering crush the PMs?

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  15. You would think that the Democrats will want everything to look good going into the elections on 11/5/2013. So, gradual selloff through the Summer, and then roaring into the elections??
    I agree that at some point they will screw the sheep, but,...too soon yet??

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  16. Tapering may very well crush the PMs but remember black is white.....up is down....good news is bad news.....but one thing is always true......FEAR true fear is good for gold....these guys are going to screw as many traders as possible

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  17. If you want to know the players

    http://www.businessinsider.com/overstockcom-ceo-explains-anti-sac-ad-2013-7

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  18. hehehehe

    http://www.zerohedge.com/news/2013-07-31/adp-prints-200k-beats-estimate-prior-revised-higher-confirming-taper

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  19. hehhehehe......diabolical

    http://www.zerohedge.com/news/2013-07-31/revised-q2-gdp-prints-18-higher-expected-prior-revised-lower

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  20. I would anticipate a very nice short selling by the end of fall.....probably Sept or October....a good 12-15% correction maybe worse....but then another slaughter of shorts before EOY....does that mean it will be safe to "buy the dip"???.......hehehehhehe......be my guest

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  21. I'm shorting GLD. Watch for 1250 gold by weeks end.


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  22. Just to note, there is a commentator on the Keystone Speculator site (day trader that seems to have a lot of technical skills) who claims that the S&P will break above 1700 & could reach the 1715-1734 range before any correction will occur. He claims that much of this rise will be due to short covering. He claims that it is too soon to short (ie. S&P).

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  23. Looks like gold could retest the 1100 area now. GDP Revisions due to "better data" according to Marketwatch. It's really pathetic.

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    Replies
    1. Could be a head fake. Lots of shorts ready to get skinned. Bernanke may slip up and say something that wakes up the gold longs.

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  24. agree doc .....but Sept/Oct may give an opp....anyway not my play just commenting

    Sister don't count on the retest....watch what happens around 1300...if they break it hard and confirm then perhaps but this game is long in the tooth and there is a cat and mouse game accumulating physical and I'm not sure they will give the big cheap physical buy again....but I can hope

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  25. be aware that silver remains very cheap for those of you not able to afford gold ......silver will be a much bigger mover than gold in percentage terms when the move up lifts off

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  26. That guy on Keystone claims there will be an opportunity to short--but not yet. He claims that he will write on Keystone when that time will be.
    Obviously, this is just that guy's opinion.

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  27. a selective group of producint miners i follow are still VERY constructive on the daily with most well over the 50ma and 50 RSI.....first time in a long time.....lets see how they handle the retests this week.....

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  28. You guys need to short gold. Bernanke is going to crush it with his tapering.

    Once it break 1300 again, look out below.

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    1. They can only talk about tapering but they can't really taper. Higher interest rates are the death knell for the USG and unless it's a controlled demolition which is done by design, they will keep the balls in the air until they can't.

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  29. Jay...you could be right but I would not be short here. The commercial shorts have covered a ton of shorts and only the specs are net short heavy here.....that is not a market I'll short....but I will buy physical heavy if they retest the low

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  30. Jay this will break and break badly for the spec shorts
    http://jessescrossroadscafe.blogspot.com/2013/07/andrew-maguire-run-on-gold-bullion-banks.html

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  31. heavy silver buying in physical right now

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  32. Was just gonna post "here comes silver"...when are the minutes published?

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  33. They will announce they are tapering in Sept......NOW whether or not there is ANY ACTUAL tapering is unlikely (NOT that it matters) Mathematically they cannot reduce bond buying significantly or for very long ...but my guess is the CAN and they WILL for a little while to TANK the market for several reasons.....new post later tonite

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  34. The Fed just spoke...

    BREAKING

    Fed slightly downgrades outlook, gives no QE hint
    2:00p

    Fed keeps stimulus at $85 billion-a-month pace
    2:00p

    Fed says economy growing at "modest" pace
    2:00p

    Fed notes recent rise in mortgage rates
    2:00p

    Fed says persistent low inflation a risk

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  35. The Fed didn't use the "T" word.

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  36. "persistent low inflation a risk"? What does that mean--risk to dollar destruction?

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  37. Fed says nothing and that is their only choice here. Set it up and then clobber the complacency......then when there's blood in the streets reverse t........

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  38. Silver trend lines...everything is on the edge...8 hr spinning candle at apex of both trend lines is cool...trend lines based on daily...

    2hr
    http://s22.postimg.org/m8bkets7l/SI_2_hr_trend_lines.jpg
    4hr
    http://s7.postimg.org/qpht5tq5n/SI_4_hr_trend_lines.jpg
    8hr
    http://s23.postimg.org/42euvv7kb/SI_8_hr_trend_lines.jpg
    daily
    http://s8.postimg.org/7nd68of45/SI_daily_trend_lines.jpg

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  39. miners have to move up withing the next two days

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  40. Gold just pinged 1308, then rocketed to 1320.

    I think the casino got my money today.



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  41. miners could move hard at close

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  42. very constructive action on miners so far....50ma served as strong support for my basket and the bounce is hard here....watchng volume....ignore the noise

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  43. I picked the wrong day to short GLD :(

    I thought tapering was a done deal. Even KLI was ready for tapering news.

    Now they are backing away.

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    1. Jay, see comment above. There will be no meaningful tapering...not now, not ever. If they do anything, I would be buying hand over fist into the decline because it will be a head fake. They will come back and buy with a vengeance after the scare.

      If I am wrong and they go full taper on us, your brokerage account will be the last thing you need to worry about.

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  44. Jay....tapering ...will have little impact either way on gold price....accumulation of physical by big boyz is the determinant for the ultimate price

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  45. Paper gold is still under their control and will remain so.......IF they lose control of the price then its Mad Max time and you won't even care about gold

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  46. agree with silver king to the extent that there will be no MEANIGNFUL taper....but they will taper......it will be to TANK the market for the boyz and to draw in some short liquidity ....Ben needs to demonstrate how "critical" his QE has been and he needs to silence the critics so that he can roll out MEGA QE!!!!!!!

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  47. So you are saying he'll roll out MEGA QE before he leaves the Fed? I just read the frightening article on the one payer system coming to our "healthcare system". These people are geniuses at euphemisms. Friend who lives in NY just paid $1200 for first office visit to internist to get on his patient list. Most there no longer accept insurance so those who can afford it will have to pay into the system and pay out of pocket for their care.

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  48. Sorry here's the link: http://news.goldseek.com/GoldSeek/1375300800.php

    Surprised to see it on goldseek...Kli and Doc, do you agree with her points? TIA.

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  49. the reason i havent put a post on obamacare is because NO ONE knows IF it can even be implemented....much less what's in it....it makes the current screwed up system look good and believe me we are really screwed now with the current system its IMPLODING

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  50. Heh.

    I just had a debate with my co-workers. They think the housing market has fully recovered.

    :)

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  51. http://usawatchdog.com/old-system-struggling-and-dying-catherine-austin-fitts/

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  52. Sister,
    I suspect the government would like a single payer system and enjoy that level of control. But, private insurance companies are powerful and they will not give up without a fight. They are large employers. Private insurers with likely be more nimble and quicker to adapt to market/healthcare demands. So, I would not count them out.

    The Internist you mentioned likely has a concierge-type practice and the $1200 is the annual buy in price.

    As for 1-10, the answers may vary as to the geographic location of practice.

    1. Very likely will keep rising
    2. I think good choices will remain with private insurance
    3. Reimbursements will drop for those doc's that won't buy into electronic medical records. I think some money will shift towards primary care & away from specialists. This is happening now.
    4. Varies with the geographic location. Medicare pays is OK here, but they down code me sometimes & it is tough to fight that.
    5. Access is tougher for Medicaid here & tough to find specialists that take it.
    6. I think taxes & fees are going up regardless as our Empire falters.
    7. Possible, but those with private insurance & there own doctor should be OK. Doctors can only take care of so many & many of us are maxed out now. Could be an issue for those without a doctor now.
    8. I think rationing will come, but they won't call it that. I don't believe the powers of the IPAB have been finalized--doesn't start until 2014 or 2015??
    9). I think one is for the lawyers. If a doctor contracts with an insurance company to provide covered services, he/she must provide those services at the agreed fee schedule. However, if a patient wants a service that is not within the contract (covered services), the doctor may still be able to do it and the patient pay privately. Example, say Acupuncture is not covered by the contract but the patient wants it and the doc is licensed to do it--he/she can likely do the acupuncture and the patient pay privately.
    10). Yes, I believe this will happen--really already happening

    Overall, I really don't know what to expect with Obamacare--just roll with the punches I guess.

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  53. Thanks Kli, appreciate your thoughts. I will say Jay the housing market here is moving, but don't know how long it will last with rising int. rates. All of the young people (30s) I know have sold their starter homes & are moving up. The Catherine Austin Fitts vid very interesting; agree that there are pockets of booming...just in Durham where you'd never know the tuition at Duke is $61,000!

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  54. We have nothing philisophical to say, we just wanted to say hi and we miss you!!!!!!

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    1. Hi Lacy....shout out to the gang for me....doing fine here hope i get back up some time.....

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