Sunday, October 27, 2013

ITS THE X FACTOR

Its Nature......Its the limitation......Its real and its time is approaching. Its Au. Its an element in nature and its supply is not unlimited......as much as the fiat world would like you to believe it to be. Its poor cousin Ag, is more plentiful in nature, but it too has limits above ground due to constant consumption over the years from a variety of industrial uses. Both have the certain qualities in common such as their use over thousands of years as money and a falling ore grade that bodes well for their future. They have always served as stores of wealth and will continue to do so. Its just that now they serve as a threat to the Western fiat system. They serve as a proverbial canary in the coal mine for CONfidence so their headline price is being suppressed. Its not that fiat is going to be replaced by gold or silver, its just that CONfidence in a countries fiat needs to be restored before true economic recovery can begin taking place. I want to take a different slant on the manipulation right here, however. Rather than point a finger at the manipulators and cry foul, I would like to point out that it is still a trade between two players. The West and their fiat allies...and all the rest. So there....you do have a real trade. It may be the West has control of the paper trade right now, but this is at a dear cost as the "other side" of the trade furiously takes possession of physical gold. The ultimate loser in the trade will not be the top of the pyramid as one might think, but it will be the Western sovereigns that have had their gold looted keeping the fiat ponzi alive for the top of the pyramid. In other words your wealth is being shipped overseas everyday and you don't even know it. Germany knows it.

Just look around at what is happening objectively. India, China, and Russia just to mention a few, are accumulating gold and silver at record levels, yet the paper price is down severely over the past two years. How can that be? Its because there are two sides to this trade as there should be... a paper side and a physical side....and ultimately which side do you think will win? Do you really believe that thousands of years of bullion holding its purchasing power and hundreds of years of ALL fiat currencies eventually debasing to zero will somehow be "different this time"?  Maybe you do believe that, but rest assured the smart money doesn't believe that. Its never "different this time"........those who do not learn from history are doomed to repeat it...

Money is moving hard now into stores of value. Fertile farmland, classic art, classic cars......all heading into the stratosphere in prices. And the ultimate store of value....gold and silver albeit throttled temporarily is building a spring load of power for its next move. So thank your masters and take advantage of this move. They already have their preparations made. Is this the apocalypse coming? Who really knows? I'm very uncomfortable with the obvious looming "day of reckoning", but if we get what I hope to be the "best case scenario" ....ie a tough but relatively soft landing and reset.....then our brokerage accounts will stay intact and Wall Street will make it through the smoke and miners will soar with gold and silver. If we get a true doomers scenario ...........then all bets are off and I really have more priorities than miners, gold, and silver. AND THAT is why I am in this trade. gl











93 comments:

  1. Indeed......

    That's gotta hurt!

    http://www.zerohedge.com/news/2013-10-27/detroit-pensioners-face-miserable-16-cent-dollar-recovery

    Can't call it a haircut, not even scalping, reminds me of a scene from the movie Hannibal.....

    http://rapgenius.com/Necro-human-consumption-lyrics#note-873017

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  2. Tom.....its only beginning. These roll outs are test cases to see the effects and response.......then the real bleeding will ensue

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  3. Finally hearing what really happened in Benghazi on 60 Minutes. Looks like we are purposely aiding the "enemy." At least someone is reporting on that fiasco.

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  4. I listened to the 1st hour of the Financial Sense radio show. They are changing their view on Gold. They feel that if further talks of tapering are off the table, Gold will rise. Perhaps the bottom is in.
    They are still bullish on equities.

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  5. its always one's prerogative to change one's mind.....;-) but one would have to question their original premise and wonder if treatment may be indicated for "whiplash"......or in this case "whipsaw"... This trade will continue to be shaken vigorously IMO....and the hedge fast money will be punished if they try to jump on.

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    1. I agree. For now, the Feds can move the markets/gold whenever they want. All they need do is march someone out in front of the microphone and say whatever they wish.

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  6. Surprised to see this, but it's good that young people are exposed to the truth: http://www.youtube.com/watch?v=_PknodClKAY#t=442
    We know Jim works(ed) for GS, but does Maria work for JPMC?

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  7. seems as if the spring is being loaded here.....I wonder what the trigger will be ?.....FOMC?

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  8. Yeah, Yeah, Yeah, I know another link and from ZH no less BUT it's accurate!

    http://www.zerohedge.com/news/2013-10-28/29-uncomfortable-truths-about-soaring-poverty-america

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    1. Tom.......no reason to apologize for Zerohedge. Just because they aren't jumping on the propaganda psyops of the latest Fed induced bubble doesn't make them WRONG!.....just as KWN's salacious headlines makes their guest's contributions any less insightful. We are in strange and desperate times indeed trying to maintain the vestiges of a modern empire and the sycophants that cling to the belief that the Fed will trump nature will ultimately feel the full brunt of nature JUST as ALL the previous Fed bubbles have burst SO SHALL this one. Very few sources give you insight like ZH does. I remember reading all of the comments in 2007 about how wrong the naysayers were regarding the last bubble created by the Fed and yada yada yada........this will all end even worse for the chorus of fools.....for now however they have the floor and I have cheap gold and silver to buy........gl

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    2. Just cracking wise...... You don't need ZH to see examples of poverty, one just needs to open one's eye's unless your a one percenter and even many of those will not go unscathed.....

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    3. that's the irony of it all 99.9% of the 1% are going to get wiped.......they just "think" they are in the club

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  9. just in time before the FOMC... jawboning down the market and gold

    http://www.zerohedge.com/news/2013-10-29/head-worlds-largest-asset-manager-says-imperative-taper-end-bubble-markets#comment-4101591

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  10. market setting up for FOMC knockdown tomorrow. whatever they say (or don't say) will be followed by selloff

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  11. "Dude" your soooooo negative :). Hehehehehe

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  12. You still have some time to accumulate some gold ahead of your neighbors:

    http://www.youtube.com/watch?v=ndshbH3qZ6Y

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    1. Hehehehe that's funny, actually its rather pathetic when you get right down to it but how come I never have that kind of luck!

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  13. OMG that was just too funny and emphasizes what I have been saying here for years........NO ONE owns gold in this country......you should all watch the entire vid.......it tells you just how dumbed down the peeps are......

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    1. BTW for those of you not familiar with Mark Dice vids.......the people interviewed in these are done without editing......hehehehe......that's why they are so amazing

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  14. Why would ANY miner in America sell a single ounce of gold? Why don't they just hoard the gold for themselves?

    If the paper price is so far from the true value, these mining companies should be buying back shares as fast as possible and some even going private. Why aren't we seeing the likes of Warren Buffet buying out entire mining operations? The miners are on blue light special right now.

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    1. simple Jay......you're dealing with publicly traded companies that are run by entities that have loyalty to "other interests than common shareholders".....the complete answer is much more complex.....particularly in the larger producers..... and as far as Buffet goes.....there is an unwritten rule on Wall Street....STAY AWAY FROM THE MINERS.......I am very serious and learned this in NY two years ago straight from the boyz' mouth..........you will be destroyed if you touch them......having said that i believe in time they will be allowed to move up.......but no one is allowed to buy or control them unless its approved

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  15. Met a guy "recently" just back from Afghanistan.......was able to start a conversation with him after recognizing his telltale......"company markings"......he was very high functioning and had just moved his family from Chicago to a "safe" location in the midwest......his take was right on track with the Alex Jones military and CIA reports of "being aware".....it was a eye opening conversation......I'm sure he is still "in" but did not come up..... noteworthy was how quiet and yet intense he was and not once broke a smile during the half hour we spoke.......

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  16. Looks like they're gonna shake the tree before the FOMC announcement......hehehehehhe......interesting setup

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  17. I bought 15 GDX weeklies... Eeeeeehhh :) Hoping for a pop but we'll see.

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  18. ZH (and KWN) is the opposite of CNBC. They are at the opposite extremes, committed to a singular point of view. CNBC likes to parrot nothing but positive spin, routinely mocking any guest who will present alternate opinions that may be contrary to what they're trying to present.

    On the other side we have ZH and KWN. All doom, all the time, never anything positive, catchy headlines, world will end any minute now, buy gold, everything else is a con and garbage. I find neither extreme to be helpful in any way. CNBC's declining ratings is a testament that no one takes them seriously. I suspect ZH and KWN are after page views, and they appeal to a certain demographic who is rooted and invested in a SHTF scenario. I read all 3 sites (do not bother watching CNBC), and find that at the end of the day, it's much better for oneself to filter all the noise and make their own decisions. Don't go and invest 100% in equities at all-time highs because some hack on CNBC told you so, and don't invest everything in gold because some "guru" on KWN with 40 years experience in the markets thinks that's the only option.

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    1. You're right bud.....those guys with 40 years experience should never be listened to......especially by someone as astute as yourself and with your credentials.....after all......your conclusions are supported by what research??? The budfox "gut feeling"?? Give us sum a dat Budfox research......ya know.....charts fundamentals etc.....sum "sink your teeth in predictions" right here and right now. After all those KWN schmucks like Greyerz, Kayes, Russell are just "pikers" compared to the "budman".....da "budman" knows all............they only manage billions...... The budman manages hundreds.......

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  19. Well speaking of that "one side fits all" site ZH...... :O

    It appears there are a few more craniectomies for retirees on the way...

    http://www.zerohedge.com/news/2013-10-29/ten-us-cities-less-ten-days-cash-hand

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  20. GDX move today smells fishy to me... God they've beat MUX into the ground on nothing.

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  21. You're absolutely right Kli, and remember, past performance is always a guarantee of future results, always. So, based in these "experts"'s 40 years of past experience, they are virtually guaranteed to be right about the future, 100%.

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    1. once again bud.....your logic defies logic.....btw......I don't read KWN for Eric's "headlines".....but I do read many of their guests for their content.....and make my own decisions and conclusions.....for instance this JUST came out only on KWN......now please tell me how this individual is a KWN "doomer"....HE is mainstream Wall Street......and his content I guess should be disregarded because of his 50 years of experience on Wall Street and the floor of the NYSE

      http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/10/29_With_Stocks_Soaring,_Art_Cashin_Takes_A_Look_Back_At_1929.html

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  22. Ouch......this would leave a mark

    http://www.euronews.com/2013/10/23/european-parliament-votes-to-suspend-its-swift-data-exchange-agreement-with-the/

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  23. Hmmm playing connect the dots keeps getting easier and easier.....

    http://www.zerohedge.com/news/2013-10-29/congress-eliminate-debt-not-counting-it-anymore

    Except that’s not what the bill really does. They’re not reforming anything. HR 3293′s real purpose is to authorize the government to simply stop counting a massive portion of the US national debt.

    "You see, one of the biggest chunks of the debt is money owed to ‘intragovernmental agencies’.

    For example, Medicare and Social Security hold their massive trust funds in US Treasuries. This is the money that’s owed to retirees.

    In fact, nearly $5 trillion of the $17 trillion debt (almost 30%) is owed to intragovernmental agencies like Social Security and Medicare.

    So now they basically want to stop counting this debt. Poof. Overnight, they’ll make $5 trillion disappear from the debt.

    On paper, this looks great. But in reality, they’re setting the stage to default on Social Security beneficiaries without causing a single ripple in the financial system.

    Remember, when governments get this deep in debt, someone is going to get screwed."

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  24. This comment has been removed by the author.

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  25. Kli, it's amazing how worked up you get simply because you are presented with an alternate view-point. I think it should be possible to listen to someone else's opinion even if you disagree with them, and then make your point without resorting to insults and emotional outbursts.

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    1. http://www.theonion.com/articles/ah-to-be-young-rich-white-male-collegeeducated-str,34320/

      yep ZH too depressing and CNBC to @$$ kissing for me too.

      Looks like final blowout, getting out of the paper way.

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    2. sorry bud, but its my mother's side coming out....I guess I just over reacted....;-).....you see bud......I just thought you showed up today to post because the miners happened to be taking an azz kicking......but I realize you just wanted to contribute some links and your research data instead......and Ed....shame on you for dissing young rich white guys.......they deserve love too.......and as far as CNBS @$$ kissing.....I'm still partial to Mandy.....poor Maria has had a rough few years "supporting" the bankers and its beginning to show.......Bloomberg has overtaken them for good looking shills....but Sima Mody is bringing CNBS back. gl Red with the depression thing......you used to be an optimist like me... ;-)......and bud i will try harder to remain civil and give you all the respect you deserve...;-).... now back to my bread and circus

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    3. Sounds to me like you gave IBud the respect he deserves and then some. IBud believes the FED QE is propping the market up. Whereas I look at monetary velocity and do not see how FED QE is doing much of anything. It is all part of the CON. Everybody seems to forget what happened Mar 16, 2009. We dropped "mark to market" and went to "mark to fantasy". This prevented more bank failures than anything the FED has done these past 5 years. Sheep are sooo gullible.

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  26. October 29 (King World News) - “On this day in 1929, there occurred what was, for more than half a century, possibly the most dramatic day in Wall Street history. The day before, a Monday, had been disaster. (Monday's have a lousy record but the final Monday in October is the champion stinkeroo.)

    As you may recall, markets had originally been reassured by Thursday’s dramatic bids into a falling market by Richard Whitney, on behalf of the Morgan inspired bankers’ pool. And, they were further assured by calming words from “The Harvard Economic Society”. Back on the 19th they said - - “..... if recession should threaten serious consequences for business (as is not indicated at present) there is little doubt that the Reserve System would take steps to ease the money market and so check the movement.” And, the day after Whitney's efforts the Harvard boys said about the severe slump in stocks “..... will prove an intermediate movement and not the precursor of a business depression.....”. (It would appear that the belief in a “Fed Put” may be as old as the Fed itself.)

    Despite that, prices collapsed on Monday and Tuesday, the Harvard Economic Society doubted really dire consequences. As late as October in 1931, their Journal foresaw “..... an end of the decline and revival for the remainder of the year”. They might have said more but on this day (-2) in 1931 the Harvard Economic Society stopped publishing their Journal - - for lack of funds.

    At any rate, on this Tuesday, traders were beginning to feel anxiety rather than reassurance. Monday, as noted, had seen prices melt below the levels where the bankers’ pool had bot during Thursday's selloff. Piercing those levels had in fact brought in new nervous selling. Later testimony would assert that the bankers pool, seeing capital evaporate, had pulled back to plug future air holes. (Someone should read that record to regulators and academics who feel selloffs are a function of capital not sentiment.)

    With the 1929 version of a circuit breaker having been overrun, selling became intense. Within the first half-hour volume exceeded 3 million shares. After two hours it was over 8 million. The selling was mindless. “White Sewing” which had sold at “48” weeks before and had closed at 11 3/4 Monday traded at one dollar per share. (Wall St. legend says the buyer was a page boy on the exchange floor who had put a “fun bid” in before the opening never dreaming he might actually “buy”.)

    With prices in near free-fall, exchange officials called a secret meeting of the Governing Committee at noon. To preserve secrecy the meeting was held in the basement offices of the President of the Clearing House. They had invited two Morgan Bank partners to hear the views from the bankers’ pool. Unfortunately, to preserve secrecy they failed to tell security and the Morgan men were halted by a guard for over an hour. “We're from the House of Morgan” the reply was probably “and I'm the king of bloomin' Siam”. By the time the Morgan partners were admitted, the market had begun to rally and trading was never halted.

    When the day ended, the tape was over four hours late and the volume over 16 million, a record that would stand for decades.

    To celebrate have a pre-Halloween zombie with a coven of yuppies. Art Cashin

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  27. DONT read this bud........he has 60 years of experience on WS.........

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/10/29_60-Year_Market_Veteran_-_People_Missed_Major_News_Today.html

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    1. That technical chart has been circulating for a few weeks now. The question the velocity of the decline after the peak is hit. A two year decline is manageable from a policy standpoint, 2 months or less is a nightmare; HFT will drastically accelerate any unanticipated algo panic. So will it be an orderly engineered decline or will nature pull something out of chaos. The last 5 years were spent on draconian controls and buying time and not any real structural reforms, the models point to a breakdown due to a combination of known and unknown factors. The momo traders will continue in AAPL and NFLX until the power goes out at the last minute.

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    2. pessimist... but consider this.........what makes you believe the accelerated plunge isn't engineered?? Outcomes can be calculated and anticipated there also......

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    3. A large number of your architects and controllers can end up dead in the riots along with key infrastructure destroyed and sanctuary points cut off. As long as there is electricity and the servers are running, things can be managed.

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    4. they have no vulnerability to chaos. Especially chaos they have initiated. Their vulnerability is to a sovereign entity that has the capacity to identify them and take them out.

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  28. Man throws away $500K in gold to spite ex-wife

    http://nypost.com/2013/10/29/man-throws-gold-in-dumpster-so-his-ex-wife-couldnt-have-it/

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    1. Yeah like that guy didn't bury it somewhere!!! Hehehehe

      Standard behavior in real messy divorces , I know a few folks doing similar things getting divorced, people get really weird during those proceedings, usually only the attorneys come out on the sweet end of the stick!!!!

      btw did you see this in the artical?

      "Jones  said he first tried to withdraw the money from his bank in cash, but the request was denied"

      Maybe its time to go out to Colorado for a treasure hunt!

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  29. Another great call by Faber:

    http://www.zerohedge.com/news/marc-faber-sees-100-probability-global-recession-2013

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    1. if you really listened to faber which apparently you don't then you would realize he has been spot on with the market stating repeatedly that with the Fed printing the MARKET would be bullish.........over the past years.......He has also been BEARISH on gold and particularly the MINERS on the PAPER PRICES over the past two years. He has also said that PHYSICAL GOLD is a long term hold and add on pullbacks because it is a real asset........... THIS IS WHY I TAKE YOUR BULLSHIT ON BUD........He has been exactly right as has Jim ROGERS!

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    2. Faber and Rogers repeatedly warned at the peak of gold to get out of the miners......YOU NEED TO DO YOUR HOMEWORK

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  30. Gotta listen to those experts, they are never wrong.

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    1. BTW bud.....you STILL have NO physical gold and contrary to your assertions that you will buy under 900.........which you will not even if it did get there......YOU WILL NEVER OWN GOLD. I am sure at this point in time that is perfectly fine for you and there are certainly hard assets that one should own before gold so the best of luck to you........ I am sure that many of us hope your trust in the Fed to muddle through through......but alas their track record just doesn't support that for the "REAL ECONOMY".......and that is where you and I really part company.

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    2. just out and restates my position perfectly........

      http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/10/30_This_Is_What_Has_United_States_So_Incredibly_Terrified.html

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  31. PLEASE be aware of this today

    http://www.zerohedge.com/news/2013-10-30/noctaper-or-shocktaper-deutsche-banks-five-reasons-why-fed-may-stun-everyone-once-ag

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    1. an NO ONE on the street has any protection here either.......(just a "few")

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    2. Phil Davis wrote today that he believes the markets will correct after the FOMC meeting. Despite no taper announcement during the last FOMC meeting, the markets did overall selloff initially, but now have climbed back to new highs. With markets already at new highs, he feels a similar situation may occur--overall initial selling and then a move back higher.
      Let's see.

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    3. Yes there will be most likely a "sell on the news" over the next few days.....the only question is what "excuse" will they use.... noteworthy ADP and CPI TERRIBLE today so that lessens a "surprise" tapering.

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  32. http://www.redicecreations.com/radio/2013/10/RIR-131014.php

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  33. http://stockcharts.com/h-sc/ui?s=SLW&p=D&yr=0&mn=8&dy=0&id=p58303326065&a=318820305&listNum=1

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  34. http://stockcharts.com/h-sc/ui?s=HL&p=D&yr=0&mn=7&dy=0&id=p88694396371&a=319652125&listNum=1

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  35. Sold GDX calls. They could run hard after FOMC or plummet. Who knows. I'm taking a 60% profit while I have it.

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  36. My gut tells me we see a sell-off on the S&P.

    But why is gold up nicely? Hedge fund managers hedging their bets?

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    1. The big 4 control the price of gold....hedges are out of the trade until they get the green light.........the miners are destroyed for the unwashed hedgies and only the hand knows their next move

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    2. I should of tossed in some gambling money:

      S&P 500
      1,767.67
      -4.28
      -0.24%

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  37. Getting mixed signals... this could get fun ;)

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  38. Did you even read the article?

    "You're not looking for a recession in the US are you?" Faber, in his calm, thoughtful way responds, "I think we will have a global recession late this year, early next year", to which a stunned Wapner asks for odds (surely 30%, 50%?) of this recession - "100% certainty" comes the reply to leave Wapner throwing in the towel on any positive spin as Faber suggests the only 'investment' in this case is 'Cash USD' and investors must own some gold."

    So, back in May of 2012, Faber predicted, with 100% certainty, that we would have a global recession in late 2012 or 2013, with the recommendation to stay in cash and some gold. He was 100% wrong on that call. It's always fun, though, when ZH drags out a new Faber doom interview everytime the market hits a new all-time high, with his usual prediction that the stocks will fall 20% percent.

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    1. you don't call this a global recession??? hehehhehehe......YOU'RE RIGHT budfox......its a FOCHIN DEPRESSION!!!!!!!...........you need to quit watchin' the price of the DOW bud and get out into the real world of food stamps, medicaid, student loans, NO jobs and utter poverty.........hehehehhee......you're the perfect schmuck for this country.........CLUELESS!!!!!

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  39. Gaps closed. Might bounce now but we shall see... Move seems overdone.

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    1. Bought DEC SLV Calls... at $23.50 strike

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    2. price action seems suspicious here Hubz.....looks like they're trying to sucker in some shorts for the metals and miners .....see what tomorrow brings

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  40. Jack Bogle states on CNBS....." I think the Fed needs to stay out of trying to move the stock market" BWWWWAAAAAA AHAHAHAHAHAHAHA......watta two faced pile of steamin' chit..................Hey Jack getta clue.....without the Fed YOU WOULDN"T HAVE A STOCK MARKET........

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    1. Glad to see you are still giving IBud the respect he deserves. NONE. Hehehe

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    2. sorry inlet.....I should let you in on the red meat.......hehehehehehehehhe

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  41. His answer to Bill on what happens when the Fed begins to taper..........." I don't pretend to know what happens to stocks then....".............BWAAAAAAAAAAAAAAAAAAAAAHA.........you can't make this chit up........watta circus ........Bud must love this guy....its the same circular firing squad logic.................."BUY STOCKS but if they taper then you're on your own"..........hehehhehehehehehe.........yeh Budfox ...He's a man after your own heart.

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  42. Outlet, don't you have something more productive for us? Someone of your caliber and infinite wisdom, with your .1000 batting average can surely do that. Why don't you get us some quotes from an article from 3 years ago about falling earnings and impending doom, and then try to make it look like it's from this week. You almost got away with it last time. If anyone deserves no respect, it is you after that cheap stunt.

    Kli, if we're in a depression right now, can we please have more of this, 'cause all I see wherever I go is prosperity. Some depression.

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    1. oh my dear bud, we will get plenty more......plenty more

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  43. Btw, you guys are contradicting each other too much. Outlet mentions above that the QE has nothing to do with propping up the markets. Now you're saying (correctly) that without QE, there's no stock market. So, let's make sure we get out stories straight.

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  44. Come on everyone! Cooler heads shall prevail.

    Inlet's comment above referred whether QE is stimulating money velocity--and so far it is not, but I believe QE is supporting the markets.

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    1. ya gotta have sum fun Doc.......there's no volume on this phony market so its fun to have food fights......besides i like getting bud's perspective out in the open

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    2. Doc - but the FED is supposed to be stimulating the economy and jobs not the market. So if supporting the stock market is the result of QE you have to conclude the FED is failing at one of their duties which is creating employment.

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  45. More news from the depression front:

    http://m.nasdaq.com/article/starbucks-reports-higher-profit-dividend-20131030-01483

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    1. yes bud......we have reached the epitome of employment...... "from barristers to baristas".....compliments of your NWO....... "We don't need no stinkin' manufacturing jobs".........here's another one bud......Did you know that food stamp cards are allowed in big box fast food restaurants like McDonalds hehehehe........no food stamp cards at mom n pops......hehehhehehehehe Ya gotta love your recovery....... heheheheeh.......so please don't roll out Mickey Dees earnings and tell me what it smells like.....I already know.......

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  46. http://www.businessweek.com/articles/2013-10-28/more-companies-see-advantage-to-manufacturing-in-the-u-dot-s

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  47. As much as you may hate this Kli because it goes against everything you believe, things are simply not as bad as you think. When you have a singular focus on doom and pessimism all the time and only focus on depressing news that confirm to your biases, you forget and leave out the good news. I've said this many times before, we're chugging along, it's a mixed bag, there's good and there bad.

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  48. Bud - I would call you a moron, but then I would have to apologize to the morons of the world. The work force participation rate is at rates last seen around 1978 (otherwise unemployment would be high teens). Food .stamps are around 47 million people (record levels). These are just a couple of the negatives, but to claim things are not in the dumper is not very intelligent. You may have a job and be doing OK, and you should be thankful for that. The millions who lost good jobs, got foreclosed, had to move in with relatives/friends are not feeling very good about this economy.

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    1. Its kind of nice to have bud's viewpoint, not just because it livens up the contrived boredom of the Fed pump, but because he represents many of the peeps and he is exactly what the Fed and their masters want us to see........its beautiful.........hear no evil see no evil........guess what...no evil. The facts remain the same.....we are in a depression contrary to buds best wishes.......and as we die a death by a thousand cuts many of us will eventually succumb....

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  49. Real Unemployment is higher than the teens....

    http://www.shadowstats.com/alternate_data/unemployment-charts

    Bud has obviously swallowed the blue pill as is his prerogative but unfortunately when it is his job that gets cut and if lucky can make up the lost income with two part time jobs or worse his parents home gets foreclosed on and loses his basement apartment and has to apply for food stamp/debt card he will then and only then will he truly understand all the prosperity around him.....

    Sad part is there are so many more Buds in our Country, its now wonder why we're fked....

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  50. Same old, moronic statements from you once again, Inlet. I suppose when you've been so wrong, so long, it's not surprising to become so bitter. It's too bad you have to wait another 4-5 years to get your wish and see the markets/economy crash. But by that time, you will have been wrong for 10 years. Keep up the good work.

    Btw, in case any one is wondering, it's this Inlet fellow, for whatever reason, who started with the name calling and insults. Most everyone else around here are good, decent people from what I've seen over the years. I'm not the type who turns the other cheek, so I'll play your game.

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  51. Hmmmmm, Prosperity in all its glory......

    http://www.washingtontimes.com/blog/inside-politics/2013/oct/30/feds-paid-252-billion-unemployment-benefits-during/

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  52. You are too kind IBud, I avoided calling you a name because I didn't want to apologize to morons. Hehehe. As to what I see I post it often on my on blog and I believe several people here can tell you I don't post doom and gloom and economic crash. They can tell you that within any given month I am probably long and short using ETFs and inverse ETFs. Kli does an excellent job documenting what is wrong with the economy and the country, so I see no need to duplicate his fine work.

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  53. Well speaking of doom and gloom.....

    THIS CHIT AINT GONNA HELP!!!

    http://www.zerohedge.com/news/2013-10-30/10-signs-obamacare-going-wreck-us-economy

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