Wednesday, November 20, 2013

THE BATTLE FOR DOROTHY

Relax......I won't bore you with a debate on Frank Baum's Wizard of OZ. Was it a metaphor for the times regarding the politics of Silver and Gold and the Bankers that openly controlled the U.S. in the 1890s? Did Frank Baum create a "children's novel" to convey a covert message, that passed through unnoticed by the publisher's censors at that time. The yellow brick road, the silver slippers (yes they were actually silver in the book..not ruby red) the Wizard etc all representing the debate at that time on sound money with the U.S. intervention into the World's Imperial Power game.  I want to just leave you with the thought that it was ONLY a mythical fairy tale written only for children, and that's why Frank Baum wrote an overtly political Broadway version of the Wizard of OZ just two years after the book.......because the book was just a fairy tale.

No.... I want you to visualize that some things never change. The battle between good and evil never changes. The naive populace that is always easy prey for the power that dominates and manipulates their lives through fear and subterfuge remains a constant. We're all products of this magical world and most likely, because of human nature will remain trapped in this realm of illusion.......except......you do have some choices. At least you still have choices today. You will ALWAYS be able to choose between good and evil. You may be told that's not true, but in the end, you have the choice....just maybe not the courage to admit it or make it. 

Where your real choices are disappearing are in the world of "need vs want". Many of us still want to cling to the illusion that "want" is a viable choice unimpeded by consequences. That illusion is still present and seems to be approaching that feared "day of reckoning" for those still standing after the 08-09 financial collapse. Many of us close our eyes every morning when we get out of bed and refuse to look at the 120 million Americans on Government assistance.....and that number is very low but I don't have time to give you the details why......you can figure it out (for one add in those receiving mortgage deductions).....and I could go on. We close our eyes.  Let's not look at the 60 million receiving food stamps (17 million in 2000).  We close our eyes. For goodness sakes lets not discuss the real unemployment and loss of earnings in the private sector working class.  We close our eyes. We shut our ears. Hear no evil...see no evil. We're the Tin Man, the Scarecrow, the Cowardly Lion. We make excuses for being those characters and we close our eyes. 

Enjoy the Wizard's game. Enjoy the lever-pulling behind the curtain. Its an illusion and it will end and when it does you'll ask.....Why couldn't I have seen it?  YOU DID.......you just had to many wants......and ignored your needs........remember how the movie ended???.......gl











121 comments:

  1. No doubt about the Wizard message. Reading Killing Jesus, it really isn't terribly "religious" but gives a great deal of history of the Roman Emperors of the time...chilling how similar to nowadays. Very violent period but many people profited. Yes, history repeats. The Karen Hudes interviews very revealing. I hope she's right, but the PTB will not just surrender without some epic struggle.

    ReplyDelete
    Replies
    1. she's absolutely smoking pixie dust

      Delete
  2. Leeb on KWN today

    Remember, the Fed is already buying over $1 trillion a year. So if they move to buying $700 billion a year, who cares? That’s still an extraordinary amount of money printing. They are still monetizing the debt. This is unsustainable.

    But the Fed comes out with this Joseph Goebbels style propaganda today, and in order to make it look credible they smash the price of gold. You know, Eric, 6 years or 7 years ago I didn’t believe in conspiracies. But when you have the rigging of the LIBOR market, as well as so many other markets staring you in the face, it’s becoming obvious that something is wrong with the gold market.

    It’s obvious that the US dollar is losing its supremacy. Various countries no longer want to trade in dollars. What do they turn to, Europe? That’s where you have right wing forces taking over even in places like France. Europe is a mess. It’s a question of when, not if that continent explodes?

    This means that major countries such as China have to turn to gold. That’s why the Chinese are accumulating gold at an all-time record pace. It’s also looking increasingly obvious that the West is in some kind of agreement with China to sell them cheap gold. There is no other way to explain the price action.

    MY ONLY COMMENT IS ..........WHAT TOOK YOU SO LONG STEPHEN??? hehehhehehehe

    ReplyDelete
  3. Very interesting - http://www.freedomhedgefun.com/Default.aspx?pageId=1654052&mode=PostView&bmi=1442871

    ReplyDelete
  4. http://www.zerohedge.com/news/2013-11-21/euro-surges-mario-draghi-scuttles-negative-rate-rumor

    ReplyDelete
  5. http://www.zerohedge.com/news/2013-11-21/china-fires-shot-across-petrodollar-bow-shanghai-futures-exchange-may-price-crude-oi

    ReplyDelete
  6. Hey Hubz,

    Phil Davis of Phil's Stock World suggested buying EWJ puts. He suggested the March Puts @ 0.17/contract (now 0.19/contract). I haven't bought any--still checking it out.

    See what you think.

    ReplyDelete
    Replies
    1. Hey Doc!

      Honestly I don't track foreign markets well enough to give a good opinion. That seems a bit far out for me but on a quick whoosh down move you could bag 50-100% probably easily and just glancing at it looks like it's due for a bit of correction. But again I know NOTHING about Japan haha :)

      Delete
  7. Addendum:

    11 dollar strike price.

    ReplyDelete
  8. and with utter dismay gold is monkey hammered again.......hehehhehehe........puleeeeeze............jist git it down for at the least a double bottom

    ReplyDelete
  9. here's another "gold bug" propaganda machine.......I guess they're not smart enough to wait until gold gets to 900......hehehehehhe

    http://www.reuters.com/article/2013/11/20/china-gold-imports-idINL4N0J410Y20131120?irpc=932

    ReplyDelete
  10. Replies
    1. Is GS implying "Opposite Day" is coming soon?

      Delete
  11. This comment has been removed by the author.

    ReplyDelete
  12. Hate to say it but technically miners look AWFUL... Well GDX at least. I bailed on my leaps at a loss. And now sitting back and waiting, I'm afraid this might really plummet.

    ReplyDelete
  13. Agree, Hubz. Now thinking we see sub-1000 in 2014 (it's an election year and they want the dollar UP?). Now M. Armstrong who's been very bearish saying coins will be used for barter when the digital-currency-only age is ushered in. Assuming this is a fait d'accompli since Prince Su**ers is out there touting it. SIGH.

    ReplyDelete
    Replies
    1. I'm thinking the final washout is upon us. 1050ish is where i see a bottoming happening.

      Delete
  14. Well if it gets to $1050 I'll get me some and I can guarentee it will hit $900!

    How's that for optimism ;)

    ReplyDelete
  15. Is gold going down because fear has subsided or because Yellen will taper?

    ReplyDelete
    Replies
    1. I don't have a solid grasp on what Harvey posts but I think it has more to do with the DEC contracts rolling than anything.

      Delete
  16. Hahah i've been parked on the bid for EXK for awhile now. This is fun to watch. I saw what I could sell $5 calls for on this and am willing to gamble.

    ReplyDelete
  17. dirty stinking mthrfking accumulating baastids.....hehehehheheheheehehe

    ReplyDelete
    Replies
    1. This knockdown apparently doesn't have any conviction on EXK. :) Nobody will tag my bid!

      Delete
    2. yeah i had a bid on a little BRD........no fill

      Delete
    3. Got filled! Let's rock and roll ;)

      Delete
  18. Another step closer to tyranny: http://www.foxnews.com/politics/2013/11/21/senate-nears-possible-vote-on-curbing-filibusters/
    This is "temporary".

    ReplyDelete
  19. Sis,

    Its done but only good for O's liberal/left swinging judges!

    Hehehehe what difference does it make anyway....... None of them read the Constitution and if they did, the NSA & Company will tell them how to rule anywho..... ie. JRoberts Dipchit!

    ReplyDelete
  20. Have you guys noticed a pattern?

    Ben makes some taper noise...gold tanks....

    few month later...

    oops my bad, no taper... gold goes back up

    few months later...

    Taper noise...
    Oops...

    Repeat
    Repeat
    Repeat

    ReplyDelete
  21. I know it has been mentioned here before but has anyone hear bought or planning to buy Bitcoin or other digital 'currency'? I'm planning to put a toe in the water because I do think we are going to see a big vertical move at some point. The story is starting to gain some traction and seeing it more and more in the mass media makes me believe that there'll be a frenzy at some point. That's the exact point one should be selling of course.

    ReplyDelete
    Replies
    1. They may be at the "frenzy stage" already so go slow

      Delete
    2. Setup your PC to mine Feathercoin if you want in for free. That's what I've done. It may end up doing nothing but in a week I've mined 150 of them. That way if this actually catches on you can have some skin in the game for next to nothing.

      Delete
    3. I just checked out the site. Are you sure a normal PC or mac can do this without adding any hardware? Of course you know so I ask rhetorically. Seems highly technical. People talking about buying new cards for their machines, risers, etc etc. Then from a software standpoint, I need some form of mining app?

      Delete
    4. Yeah you need a decent videocard to do Litecoins or Feathercoins. I just had one as I play games sometimes. Without that... eh you're right might not be worth the trouble. For Bitcoin you need an ASIC miner... but that network difficulty is so ridiculous now it's a stretch you'd be able to mine much. I can tell you more if you're interested. It's not *too* hard to setup and I'd be happy to help. Might be easier to just go out and buy a single bitcoin :)

      Delete
  22. GREAT article and well worth the read (except for bud).........

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/21_War_In_Gold_Intensifies_As_Massive_Battle_Rages_In_London.html

    ReplyDelete
  23. raw meat for bud .... should send him into a frenzy

    http://www.brotherjohnf.com/archives/244935

    ReplyDelete
  24. this is VERY doable and please be prepared........this is the scenario that bud says he will buy his gold coin.....i doubt he does if this does come to pass

    http://bullmarketthinking.com/gold-trader-the-manipulation-is-still-alive-and-active-in-the-market/

    ReplyDelete
  25. Man a pop here would be nasty and could be a nice squeeze. I'm not saying it would hold longterm but it's UBER bearish right now out there for gold.

    ReplyDelete
  26. More bad news:

    http://news.dice.com/2013/11/18/tech-executives-plan-hiring-next-12-months/?CMPID=EM_SV_UP_JS_AD_LC_AD_&utm_source=Cheetahmail&utm_medium=Email&utm_content=&utm_campaign=Advisory_Lifecycle&om_rid=AAGso-&om_mid=_BQI8$-B8tYqRPk&dadv&om_rid=AAda34&om_mid=_BSji4iB82k7FJB&dice

    Kli, do me a favor and don't explode in anger because I posted a simple link.

    ReplyDelete
    Replies
    1. I'll do my best bud and hope you post more....Your point of view is welcomed and I hope more "in depth" analysis on the "tech hiring" are forthcoming......its interesting to listen to the different "recovery forecasts" over the past few years. Some did seem to be pan out, but many other "recovery" forecasts have not. What seems to be consistent now is an increasingly shrill group of calls for "tomorrow" as "today" seems to be disappointing. How many "tomorrows" will it take before this system says ENOUGH of this nonsense and a reversion to nature and economic principles are necessitated??? I can only say that malinvestment is engendered by this so called recovery that you embrace which is why many of us find your point of view difficult to swallow. However.....it is your point of view and its legitimate and feel free to post your links supporting it. I did pick this sentence out for you.

      "According to 44 percent of survey’s respondents, a general lack of confidence or economic paralysis are the biggest threats to business activity."

      Delete
    2. Hey Bud, here's a link for you. Did you know Bernanke said that the sub-prime crisis was contained?

      http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a2sR53w7DoDY

      What this proves is that people say a lot of shit.

      Delete
    3. I hope all those "proposed" Tech Job's can off set the pain about to be inflicted upon the very people this ACA crap was supposed to help........

      http://www.zerohedge.com/news/2013-11-21/guest-post-obamacare-neutron-bomb-will-decimate-us-economy

      "3. Perhaps most cruelly, the bronze level of ObamaCare--the "affordable" care--is a mirage, a simulacra of insurance rather than actual insurance. Bronze level ObamaCare features deductables of around $6,000. In other words, you have to spend $6,000 before your insurance kicks in.

      In an economy in which two-thirds of all households live paycheck to paycheck, this is the equivalent of no insurance. High-income sickcare lobbyists and millionaire politicos may look at $6,000 as no big deal, but for households with little savings or credit, that might as well be $60,000."

      http://www.zerohedge.com/news/2013-11-20/here-come-even-higher-insurance-premiums

      More Sunshine and by the way.........


      http://www.chicagobusiness.com/article/20131120/NEWS06/131129982/tribune-co-to-slash-700-jobs#

      http://www.courant.com/business/hc-hartford-healthcare-layoffs-20131115,0,4652052.story

      http://abcnews.go.com/Business/wireStory/lockheed-martin-cutting-4000-jobs-closing-plants-20886868

      http://www.bizjournals.com/washington/blog/2013/11/300-jobs-cut-at-medstar-washington.html

      http://djournal.com/news/nmhs-lays-off-109/

      http://www.nbcchicago.com/news/local/Dominicks-Layoffs-Could-Exceed-5600-Employees-231060201.html


      Could go on but dont want to get all gloomy and stuff..........


      All good news round here Right..........

      Delete
    4. there were many of those in the months preceding the crash and during the crash......that was engineered when the Fed has "tools" left in their bag..........so after 17 Trillion (THEIR numbers..the real number is twice that) pumped into the markets we have AT BEST anemic growth (also a lie see Shadow Stats) and NO ammo left for the next bubble bursting. The next bubble will actually be three bubbles going down in unison....The bond bubble the real estate and the stock market......the bond bubble will be epic and will drag us into oblivion. Of course they will most likely have a major diversion so that peeps like bud never fully realize how he was had ........but then what do you expect??? Some people are going to never realize just how manipulated their lives have been. They actually believe they will have a retirement account waiting "BECAUSE I EARNED IT!!!" hehehhehehehehe Here is the other side of that coin bud......."YOUR RETIREMENT ACCOUNT IS MINE! AND I"M TAKING IT" and WHY bud is that true...ehehehehehehhee "BECAUSE THEY CAN"........and there ain't nuttin you or I can do about it..........BWWAAAAAAA......so work hard bud and don't forget to through a dime in the tin cup of those already "taken out" by the first tsunami wave......there are more coming.

      Delete
    5. "They actually believe they will have a retirement account waiting "BECAUSE I EARNED IT!!!" hehehhehehehehe Here is the other side of that coin bud......."YOUR RETIREMENT ACCOUNT IS MINE! AND I"M TAKING IT" and WHY bud is that true...ehehehehehehhee "BECAUSE THEY CAN"......."

      So true and if the uneducated masses need proof of exactly what you just said and yes I know I made light of it but all you need to do is look at what transpired in the United States Senate today. There are no longer the rule of law anymore and if people think they can't do so (steal their pensions) they are dumber than a bucket of boiled shrimp......

      and there be a lotta shrimp on the buffet line!!

      Delete
  27. Looks like the ultimate physical drain is going to play out all the way to zero.....hehehhehehehe.......this is going to be one big bang

    http://jessescrossroadscafe.blogspot.com/2013/11/nav-premiums-of-precious-metal-trusts.html

    ReplyDelete
  28. Let’s take a look at your first example, the Tribune company lay-offs. The print media is a dying business. No one reads magazines and newspapers in physical form anymore, and you can expect many more to die off in the coming years. We’ve undergoing a digital paradigm shift, and you can now read everything on your computer, tablet, or smartphone. I remember cancelling all my various subscriptions years ago, and if the dropping circulation numbers are any indication, I’m not the only one. The Tribune and other newspaper companies will have to re-structure their business models to survive in this new world. None of this has anything to do with a collapsing economy.

    This is no different that all those blue collar jobs going away in Pittsburgh in the 70s after the collapse of the steel industry. What happened? The city has adapted, and instead of steel, now you have high-tech, health-care, education, finance, biotech, services, and the like. Various old steel factories have been converted into office space. It’s one of the most livable cities in America. And what about all those people who lost their blue collar jobs? Well, they adapted too, left the city, spread across the country and re-invented themselves. Why do you think the Pittsburgh Steelers have so many fans in the stadiums across the country on their road games?

    I think what you’re doing is, when you see a headline like “Tribune to slash 700 jobs”, it immediately confirms your biases of doom, and you don’t ask yourself additional in-depth questions, and instead assume the sky is falling.

    ReplyDelete
    Replies
    1. No offense bud.....your assumption that the "old blue collar jobs" have adapted and "spread across the country and reinvented themselves" is to trivialize the outsourcing of American industrial production. You are right about one thing however. They adapted ....we now have over 60 million Americans on EBT cards (FOODSTAMPS)....of course in your assessment they are all shiftless, lazy bums.....IF that were true then why did we only have 17 million on foodstamps in 2000.......We now have over 120 million Americans receiving Government aid....yeah bud....I'd say they've adapted........ How about families that have both adults working.....you see bud that wasn't good enough for your masters.....now they have EACH member required to work at least TWO partime jobs just to make ends meet as the REAL COST of money printing pushes the cost of living higher and higher.........Oh bud......your karma is coming and your day of reckoning may be much closer thanks to the ponzi you seem to endorse so highly.......Your callous attitude towards your fellow countrymen are exactly why we are in the mess we are in............."I got mine now you get yours"....no critical thinking just knee jerk, selfish platitudes.....

      Delete
  29. Above is addressed to Tom, btw.

    ReplyDelete
  30. They can't just swoop in and take our money. This place isn't Cyprus.

    ReplyDelete
    Replies
    1. hehhehehehehe........no comment necessary

      Delete
  31. You present a ton of numbers Kli, with nothing substantial to back up your claims. So all those blue collar people are now receiving food stamps and welfare? How much wronger can you be? The parasites on assistance are those who have hardly put an honest day's work in their lives. And in that group, some good people are caught up, but the good ones never stay there long, they are not leeches, and always did a way out.

    This Ponzi can go on for another 20-30 years for all we know, or end tomorrow. I'm as prepared as I can be and sleep like a baby, knowing I'll be alright one way or another. But I'm pretty sure life will go on. No point in living every single day waiting for the sky to fall, life is too short for that

    As for the retirement accounts, they want to steal them? Fine, let them take mine, I'll still survive.

    ReplyDelete
    Replies
    1. here ya go bud

      http://www.naturalnews.com/038660_government_assistance_taxpayers_welfare.html

      Delete
    2. I know that won't suffice for an erudite economist like yourself so here.....it seems I need to raise my numbers....hehehehehheheehehehe

      http://www.huffingtonpost.com/2011/10/05/almost-half-of-all-americans-households-government-benefits_n_996990.html

      Delete
    3. here's a low number for ya bud since you need "proof"

      http://townhall.com/tipsheet/christinerousselle/2013/10/25/great-more-americans-on-welfare-than-working-full-time-n1731984

      Delete
    4. bud......you're RIGHT about one thing.....WAAAAAAAAAAAAAY tooo many people on government assistance.......hehhehehheehee... but thank God we are getting better.....its definitely a great economy......we just need to work harder to help pay for this.....BWWAAAAAA

      Delete
    5. you really need to make up your mind bud if these are bad people or good people......maybe some bad people and maybe a lotta good people......or maybe a lotta bad people and a few good people......or maybe its almost half n half.....half good and half bad......or maybe kinda bad and maybe mostly good.... I dunno bud go back to your question above about how many of these hundred million or so are "bad" or "good" I'm confused......BUT here is where I am not confused....... I paid almost all cash for several of my last homes and don't have a mortgage at all.......but YOU DO bud......that makes me supporting YOU bud on ANOTHER government assistance plan......BUT you see Bud........You don't count that one do ya? Because YOU are entititled..... aren't ya bud?????

      Delete
  32. Here's one you'll like Bud......it has 52% of Republicans have received government assistance at least once during their lifetime.....hehehehehe.......hey bud have you NEVER received ANY government assistance (besides your mortgage which I'm not counting because I know you sopped up that one)......

    http://money.cnn.com/2012/12/18/news/economy/government-entitlement-aid/

    ReplyDelete
  33. here's one from the cabal's own private media that will REALLY twist ya bud....try and follow it....it get's really sticky

    http://www.reuters.com/article/2013/11/06/us-usa-economy-poverty-idUSBRE9A513820131106

    ReplyDelete
  34. Bud.....when I debate someone that is as ideologically blinded as you are in your dogma I find out that they have a past or present dependence on the government...inevitably the truth would come out. Just tell us the truth....are you a government employee.....and/or do you work for an employer that receives government contracts.. are you on some type of government/state or local health insurance...... are you enrolled in a government tax deductable 401K or SEP or IRA.......are you working for a government contractor .......do you work in the health care industry 60% is gov supported.............do you receive any military benefits state or federal.............hehehhehheheehehe.......oh bud.....you are so transparent.........you see bud ......like most of us ......you too are owned.....the difference is you won't admit it.

    ReplyDelete
  35. http://news.goldseek.com/GoldSeek/1385068740.php

    ReplyDelete
  36. First of all, a big NO to all your questions above. I have nothing to do with the government in any shape or form, and have never received any assistance. That mortgage interest you keep bringing up, well, for the last few years, it has resulted in a modest tax refund, about two weeks worth of pay, to maybe help fund a little vacation. And it's a fraction of what I've paid in taxes to this corrupt government to help fund the lifestyles of your favorite EBT and welfare parasites. So, your attempts to paint me as the bad guy are not working.

    You know, all this doom talk as the market hits all time highs is some funny **** to be honest. The winning formula to make money is to just do the opposite of whatever is being discussed on ZH or KWN. After all, we've been "imminently collapsing" for the last 5 years, so why not another 3 or 4? I'm looking forward to the sky falling, as my net worth continues to grow, fun times for sure. And this is good because the more I make, the more I pay in taxes, which means the more parasites I help subsidize.

    ReplyDelete
  37. well bud one can only marvel how you make ALL of your money without doing ANY business with the government directly or INDIRECTLY since 60% of GDP is now dependent on some type of gov spending Federal state or local..........so YOU ARE good.......as far as doing the OPPOSITE of ZH KWN etc.......first of all ZH is a compilation of news stories that YOU can draw your own conclusions on. Unfortunately for your pollyanna Fed Bought stock market a sprinkle of truth CERTAINLY is refreshing for those that want that "sort of thing".......but enjoy your bread and circus bud........and I'll enjoy mine just fine.......and by all means continue to "hate" those "parasites" that you help subsidize......hate um bud.......let it build in you son........BUT remember you're subsidizing more than just poor people and freeloaders...........You're subsidizing the richest largest corporations ever conceived........OIL TAX DEPLETION ALLOWANCE.......BAIL OUT of THE BANKS you remember Banks like GE and Banks like GS and MS........hehehhehehe and BANKS like AIG.....and the TRILLIONS in mortgage deductions.........not your measly little "tax subsidy" but TRILLIONS....... I know those numbers are a challenge for you bud but thats a fact. How about the "farm and food subsidies" BILLIONS!!!! Some of those "farmers" are worth millions...........hehehhehee and YOU pay for them bud.........they're good loyal republicans too........and good loyal demibumbs..................hehehehheheheh..........

    ReplyDelete
  38. Kli
    SBUX has gone from 8 dollars a share to 81 dollars a share in 5 years. CBRL has gone from 9 dollars to 116. What is the point of driving the market so high? I mean is their another reason besides creating confidence? Is it another way of creating more dollars?
    And why does the west want to sell it's gold to the east?

    ReplyDelete
  39. Well tom when one pumps MINIMALLY 17 Trillion of fiat into the market......and its really much more......regardless...when one literally is "buying the market" then these distortions are very natural. One has to be aware that malinvestment is the critical mistake that is made in this type of liquidity driven recovery and "making lattes, I-poop, etc" will NOT make our long term infrastructure problems go away. In fact once the dollar reserve status is lost then our ability to fund our infrastructure issues will also die. It will result in decades of pain comparative to many countries that didn't engage in this absurdity and these countries tend to be the BRICS and related countries. The West is corrupt to its core and has been but its beyond repair now. I am a patient man, knowing there is no good outcome now and the oblivious public will reap what we have sewn. Am I shocked about the prices of these assets you mentioned?.....Not really......these are desperate times for a ponzi and tagging the shorts for that last piece of flesh from the bones of a dead system is not shocking......could even get higher as bud likes to say..........gl trying to get that last dime. As far as gold going to the east, that question speaks for itself. Its the price the sovereigns are paying to maintain their illusion the fiat is worth something.........you see tom........nothing is for free.....

    ReplyDelete
    Replies
    1. these distortions allow the continued wealth transfer to occur from the sector most capable of getting this country back on its feet. Unfortunately the window we had to allow the natural transfer of assets to the strong hands is gone and now we have malinvestment that will be unwound in a most painful way. Way worse than it would have been five years ago

      Delete
    2. They prefer selling the sheep shares of SBUX at $81 than $8. Simple.

      Delete
    3. YES! MUCH better answer and very true.....pure distribution process

      Delete
    4. Thanks Kli and Silverisking. Since Silverisking responded I must as well as one more question, how is silver a threat to the bankers, or as brother John says it's the stake in the heart of the financial vampires?

      Delete
  40. Top of the Morning to ya Bud,

    It’s interesting that you chose to breakdown the Tribune Lay-offs and not any of the layoffs in the Medical Industry???? Though that was a pretty hot field you know similar to banking and big box pharmacy’s…. Seems that’s all their building now a days. I could have posted more links and the ones posted were from just last week but again I don’t want to appear too gloomy!

    Now to your point, yes the print media is dying along with all its supporting services and at some point the same can be said with desk top computers and all its supporting services, you know “IT Services” however getting back to those 700 folks that received pink slips for being not adaptable. I’m sure many had families to support and many I will assume were loyal and liked their jobs and yeah there were probably number of lowly maintenance workers in there as well ie (janitors) you know those “blue collar” folks.

    Now while you can logically justify their industry going out of existence as can I, my concern when I see all of that is going on around us is simply “What about the PEOPLE and their FAMILIES” so you see Bud, I do look beyond the headlines and I think of the “Human” damage. Do you? While I don’t know you but what I can gather from your posts you do seem to lack “empathy” for your fellow human, I guess Kli was right regarding his curbside diagnosis of you a week ago……. Anyway now back to those 700 folks that will now have to find a way to feed their families pay their obligations and oh never mind healthcare…….

    So Bud how do you think they are going to do that??

    Odd’s are not looking good for them are they considering the following:

    http://www.huffingtonpost.com/2013/07/09/unemployed-job-opening_n_3568646.html

    Too many applicants vs positions to be filled, hmmm so where do these folks go next?

    Oh wait, right to where you constantly rail about the “parasitic class”, yeah Bud these dirt bags are now just going to sit at home and enjoy the fruits of YOUR labor hehehehehhehe…..

    Yup I’m certain that’s what their plan was all along, work hard for as many years as they did get a pink slip and retire on your dime!!!

    I guess they could go back to school for training but who’s going to pay for that and when they complete their busy work see the above link.

    You know Bud, do you ever wonder with all these layoffs what’s happening to our “Consumer Based” economy??? Can’t buy chit if you ain’t got coin and if nobody has coin then there’s no need for folks to stand behind the counters to sell stuff and when business don’t sell stuff, they can’t make a profit so they don’t need staff to just be standing around not selling hehehehe, so those folks get pitched as well, so where do they go??? I don’t know, do you…..
    I have a feeling you do…….

    I also wonder do you really know HOW all these old industrialized cities ie Pittsburg are reclaimed and become productive “services centers”. Ahhh, generally through Municipal Bond offerings and extremely generous tax considerations to said developers, hmmmm so let’s see who subsidizes all that, oh wait its coming to me…….

    Yeah that’s right US the taxpaying public.

    While it all looks good there’s no true productivity coming from that, if not for Government subsidies do you think said developers would just make a go of it on their own? Hahahhaa you want to talk about “Parasites”, you should sit in on a few of those planning meeting in your Community, if of course there is any large construction projects going on.

    Jeez, they constantly talk about the “development” in NYC under Bloomberg but if you dig a bit you will see corporate welfare on a scale that makes what’s going on with food stamps pale in comparison.

    ReplyDelete
  41. (continued)

    Anyway Bud from my point of view, what’s going on is tragic from a “human” stand point plain and simple and that’s what bothers me most.

    Does it not bother you that retirees that have saved their whole life and planned properly to live off their savings and interest can no longer? Does it not bother you that it takes people sometimes years to find gainful employment? Does it not bother you that families in the majority of cases need to hold down three to four jobs to make the ends meet while the 1%er’s get richer by the second? Does it not bother you the rule of law is non-existent for the 1%er’s but applied to us? Does it not bother you what is about to befall the population of our Country with this ACA crap?

    I don’t about you but there’s a lot that I find troublesome about current events, not so much for me because I’ve lived a good life, made a lot of money, lost a lot of money, came inches from going bankrupt and losing it all, got back on my feet and made it back again (help from family only), cheated the grim reaper a few times, overcame my addiction to booze so I look at every day as a gift, that’s why they call it the “present” hehehehe……..

    However Bud I do worry for my children and their children and all those unemployed because I’ve been there and understand what it’s like. Do you understand Bud?

    Now getting back to the parasite class, you mentioned:

    “The winning formula to make money is to just do the opposite of whatever is being discussed on ZH or KWN. After all, we've been "imminently collapsing" for the last 5 years, so why not another 3 or 4? I'm looking forward to the sky falling, as my net worth continues to grow, fun times for sure.”


    HEY BUD “Who’s” subsidizing the Market at the moment? Hehehehehehe

    Paradoxical ain’t it!

    Bud I’ve said it before and I’ll say it again……

    Karma’s a b-itch!!!

    GL

    ReplyDelete
    Replies
    1. It is ironic how many sheeple see the headline price of the stockmarket as an "all clear" sign for the economy while the real pain is swept into a dark corner waiting for the final ghouls to clean the cheering sheeple left standing.

      Delete
  42. "This Bud's for you"

    http://www.zerohedge.com/news/2013-11-21/guest-post-sheeple-why-you-should-feel-sorry-them

    ReplyDelete
    Replies
    1. Hahaha what timing a perfect segue........

      Delete
  43. This is one of the reasons I am warming up to PM's:

    http://blogs.barrons.com/focusonfunds/2013/11/22/gold-miners-versus-gold-back-at-pre-bull-2001-levels

    ReplyDelete
  44. It is great to know that Bud completely paid for his education (no government payment from hard working older people's taxes), he drives on roads he built and paid for (all by himself). That his parents never received any type of government assistance he may have benefited from growing up.

    Bud and his self sufficient life is to be admired. So let's give Bud a break, he has never received anything from the government. LOL

    ReplyDelete
    Replies
    1. no he didn't.......i asked him......;-)

      Delete
  45. I always know when your off your medications Inlet. The insanity level and nonsense on your posts goes up to another level.

    ReplyDelete
  46. When you post Bud - it reminds me there is still no cure for stupidity, hopefully for your sake some day there will be.

    ReplyDelete
    Replies
    1. Bud reflects a very vocal group that "believes" they are benefitted by the faux recovery of 17Trillion of newly minted fiat........unfortunately they are receiving a very meager return on this building anchor that will weigh quite heavily on their future. The sheep like bud believe they are more clever than their masters but as usual the masters are always preparing the next trap for the wayward sheep. After all human behaviour really is not that complicated, particularly when you've been studying for centuries by the top rung of PhDs.......and they have. Most of them have doctorate degrees themselves.....and they are very dedicated to their task.

      Delete
  47. Litecoins have tripled in a week in value, Feathercoin has doubled. Of course these markets are quite thin but still interesting.

    ReplyDelete
    Replies
    1. Where does one buy Litecoins? This whole mining thing is just not clicking for me. I registered with Coinbase in the event Bitcoin gets smashed down in price so I'll be in position to make a small purchase. As one who likes to cover his bases...and gamble a bit, I would like to roll the dice with some of the other less expensive XXXCoins.

      Delete
    2. Silver,

      What can you redeem with those "XXX" coins :). Hehehehe

      Delete
    3. Ya know, I thought about that as I was typing it. Perhaps, they are accepted only at porn sites. There would be high demand and get a lot of use. Primarily from our government agencies...lol

      Delete
  48. Tom, you make it sound like this is the first time in history that people are being laid off. **** happens, life is tough, it's up to you how you bounce back from adversity. Some do a pretty good job, others become those leeches that everyone here is so fond of.

    Inlet, judging from your posts, I have no doubt you are the foremost expert when it comes to stupidity. I would call you stupid right now, but I don't come to this blog to personally attack anyone (your speciality), not to mention that would be an insult to stupid people everywhere.

    ReplyDelete
    Replies
    1. Bud,

      "Living is easy, with eye closed"

      John Lennon

      Best of luck to you, your gonna need it......

      Delete
    2. Tom.....bud is fearful......of course he will deny it but deep inside he knows there's a darkeness that he cannot escape. He hopes his bravado and dogma can carry him through, but he knows he's ill equipped. Being afraid can be a powerful motivator.

      Delete
    3. Bud, stupidity is thinking you control your own destiny. We buy insurance (car, house, life, health) because there are many things beyond our control, but we hope to minimize the impact, but we still don't have control. Maybe we can minimize the negatives.

      As to employment - take a look at what the elites are doing through EPA and other agency regulations. I grew up in coal mining country and there is no harder job and harder worker in the country than a coal miner. They would love a job, but their jobs are being killed by government regulations. It is about more than just unemployment - it is about the government killing jobs instead of making it easier to create jobs. You should be very concerned about many of the things going on. Financial jobs are being eliminated by government regulations. If the government can "kill" these jobs then be afraid, very afraid for your own job.

      As to survival skills - sure my ability/skills to live off the land through raising my own food and hunting greatly exceed yours (with little or no income).

      Delete
    4. there are many things bud still has to learn and hopefully he will.... time has a way of educating us........some are just more educable than others........

      Delete
  49. Another perma bear sees the "light"......hehhehe

    http://www.zerohedge.com/news/2013-11-22/hugh-hendry-capitulates-cant-look-himself-mirror-he-throws-towel-turns-bullish

    ReplyDelete
  50. Bud: I'd like to reply to this part of your comment from earlier in the thread:

    "This Ponzi can go on for another 20-30 years for all we know, or end tomorrow. I'm as prepared as I can be and sleep like a baby, knowing I'll be alright one way or another. But I'm pretty sure life will go on. No point in living every single day waiting for the sky to fall, life is too short for that "

    Back in 2008, I lost a little sleep. But now I sleep well too. Here is why:
    Let's hypothetically assume the worst case scenario comes.... the dollar and stock markets become worthless overnight.
    Guess what, I've still got my 13 years of test/engineering skills. People will still want their iPads, cell phones and internet. My skills will be needed dollar or no dollar.

    With that being said, would I be pissed if I woke and saw my lifetime savings wiped out with a few taps on a computer keyboard? Hell yes! But we can't do anything about it so we might as well just enjoy life.

    ReplyDelete
    Replies
    1. Jay ......the human condition is not JUST yourself......and unfortunately we have all been herded into a "me only" society that dwells on wants not needs. Without a moral compass, we collecively AND individually will have nothing and will slowly spiral down the proverbial stool of life into a cess pool that most of us in America have NEVER visited. IF you do not know what I am referring to then you have learned nothing in your lifetime but there are others here that may have the time and or patience to try and explain it to you. gl

      Delete
    2. KLI: You make it sound like I'm one of those "me me me" millennials. I'm really not like that KLI. I just donated $500 to the typhoon relief efforts in the Philippines in the last 2 weeks. I can e-mail you receipts if you think I'm bs'ing.

      The point of my post was, we are powerless against the cabal and Bud has figured this out. Instead of waiting for the "holy shit" moment, he's enjoying the ride. Let's say we wake up one morning and our dollars are worth less than toilet paper. You, Bud and myself will still go to our day jobs. We will still put food on our families tables. And we will still try to act like civilized human beings.

      Sometimes, I get this feeling that you consider stocking up on physical gold and miner paper to be some sort of noble cause.

      Delete
    3. Jay - you really think it will work that way? I suggest you look at the title of the blog and read the book referenced on the main page of the blog. Can we see another depression? How many will have a job to go to, or a house/home to return to? How many can afford a car or the gasoline to put in a car to get to a job? Your favorite restaurant is the soup kitchen. IT CAN HAPPEN AGAIN.

      Delete
    4. Jay not meant to say YOU are a me me.......what I am saying is YOU are not understanding nor is bud.......that it CAN EASILY happen here and with even MORE ferocity....I CERTAINLY do not know when of if......but I damn well know this is NOT like anything I have seen OR experienced in my lifetlime or for that matter studied that DOESN'T have a very bad ending.....THIS is nothing like the big recession through the 70s. The stats are completely falsified ESPECIALLY in GDP and UNEMPLOYMENT. The market is paper and easy to manipulate to a point so don't fall for the facade......The reason I am in the miners is because I am betting on this ending in my "BEST CASE SCENARIO" .... If it ends the way I believe it may then the miners or gold making money or the least of my concerns. WE ARE NOT OUT OF THE WOODS. WE ARE DEEPER INTO THE WOODS. They blew the bubble even bigger and now they have NO idea what to do.

      Delete
    5. I have to just laugh at the MSM and how controlled their message is to the public. Its like living daily through the Third Reich or Orwell's 1984 in realtime. I knew it would get like this several years ago, but it is still surreal. The Con depends on CONfidence.....that is EVERYTHING! IT IS NOT WORKING. Reality for tens of millions is actual depression. So sure Jay it may seem OK in your world but be careful what world you're trying to live in, it just might not be what you and bud really think it is.

      Delete
  51. http://www.bloomberg.com/news/2013-11-22/gold-analysts-most-bearish-since-june-on-fed-taper-commodities.html

    ReplyDelete
    Replies
    1. Will anyone be shocked when they don't taper and keep pushing the threat of tapering further and further into the future? Talking about a taper is now the only tool left in the Fed's toolbox. I don't know how many false tapers it will take before the sheep realize that it's not coming. Unless they are seeking a controlled demolition of the financial markets and the economy, it ain't happening. The very nature of the game that is being played actually requires more debt so they will eventually have to increase the QE amount in order to keep the ponzi alive.

      Delete
    2. I'll throw out the same caveat and that is a "faux taper"........What I find fascinating is they didn't do it last time when they had the chance which may just mean they had let enough air out of the equities ramp they didn't need to do a faux taper. There is also the hypothesis that the damage to the bond market was so severe with taper talk that they were "forced" to back off. But the bottom line is any taper...faux or otherwise is going to have to be met with eventually even more QE. Its a classic catch 22 and they are just digging the hole deeper. My concern is what there "cover" will be for the whole debacle.........I know what it was 75 years ago

      Delete
    3. Several respected "seers" have predicted the same this time around - another global conflict.

      Delete
  52. http://finance.yahoo.com/video/wheres-bottom-gold-172500220.html

    ReplyDelete
  53. http://www.financeandeconomics.org/chinese-gold-demand-and-the-world-gold-councils-estimates/

    ReplyDelete
  54. Looks like spaghetti sauce continues to fly about the lunchroom.
    I think what we can learn from this thread is that despite looking at the same issues, we see and understand them so differently and then our emotions can get the best of us. This is how "they" divide us and then keep us divided.

    ReplyDelete
    Replies
    1. I like it doc.......forces me to stay awake and bud stands up for himself nicely....right now bud making money too

      Delete
  55. You know, it probably isn't very difficult for me to endear myself to Kli and co. I either have to:

    A) join the doom and gloom industrial complex, start talking about how everyone and everything is ****** and rotten, how the sky should've fallen long ago, and that its fall is imminent, and make ZH/KWN my bibles.

    Or better yet,

    B) quit my job, join the welfare rolls, instantly become everyone's favorite EBT parasite, and talk about being one of those "good" and "decent" people who has "fallen on hard times" and is a victim of this corrupt system.

    Because my current position of working hard and earning my livelihood, paying taxes, obeying the laws, and living within my means is totally for suckers and makes me the bad guy.

    ReplyDelete
    Replies
    1. you certainly seem to have "victim" complex.........hehehheeh.......no bud we love you. You've provided a legitimate viewpoint and just because some of us seem perplexed or doubtful, that does not mean you are wrong. This game has been going on for a long, long time and you have ZERO reason to believe any other way than what you do.

      Delete
  56. What is Bud whining about again? Is he jealous that I can afford to be a beach "bum"? I haven't worked since turning 55 and have no plans of returning to work.

    My home is paid for, no auto payments. My biggest expense is my health insurance and medical payments. And Barry can kiss my a** cause no way am I signing up for his substandard insurance program. I have more than enough untaxed money in HSA accounts to cover most any medical need.

    I guess this makes me irresponsible. Bud - get yer a** to work so I can draw FICA soon and pad my slush fund. Hehehe I guess that makes me irresponsible. No mortgage, no auto payments, no earned income to pay FICA/medicare taxes on.

    But I am stupid - must be - I got out in 1986 (before the '87 crash), in 1998 before the 2000-2002 meltdown and in 2007 before the 2008-2009 meltdown and I have cashed in all long positions in 2012 except for an occasional small short term trade (I always get out early and that makes me stupid).

    ReplyDelete
    Replies
    1. heheheh.......yeah its not been perfect timing for me as usual......I remember exiting the market in 2006 except for some biotechs and telling people this thing is a pig..........then I exited my real estate and began shorting the market in early 2007.....people thought I was just making crazy talk when I told them we were going to crash and that it was all a ponzi.......so for at least two years I felt like a pariah. What gave me strength was in late 99 and 2000 I told my buddies the market was going to take a big correction and get out......boy did it ever.......the Naz never came back yet.........what a bubble..... AFTER it happened BOTH times everybody saw it coming but before it happenend you had the same talking heads telling you there was no bubble and valuations were "fair" ...that's code for ITS GONNA CRASH YOU STUPID MOFOS.....RUNNNNNNNNNNN.....ehhehhehehehehe Anyway we could still be a little early but this is all an insane way to repair a structurally broken country and the outcome is inevitable and the usual casualties will occur.

      Delete
    2. Joe and Red both warned the miners were pigs to be slaughtered by the cartel.......In hindsite its makes perfect sense but I had grown weary of trading and allocation of cash, real estate etc allowed me the luxury of riding it out and taking a beating. I'll trade it back up and maximize the losses and then some if I'm right, but there are definitely more important things afoot for all of us than this little bump in the road.........winter's coming.

      Delete
    3. Kli - no reason to be greedy. I am currently trying to buy some acres if we can agree on a mutually acceptable price.

      Hoping silver will come down under $16 an ounce so I can drop another $40-50k into silver (should be easier to purchase in quantity than gold near the bottom). I have the cash now after cashing out investments last year when I thought I needed to simplify things for my heirs and my executor. Then I screwed up and lived. Hehehe Screwed up my whole schedule for purchasing acres.

      Delete
    4. now i really hate you....:-) hehehhehe......yeah itsa bitch when nature tells ya they were just teasing and now ya gotta deal with life again.......too funny inlet....whats really funny if silver starts to rip and puts in some number in the stratosphere.......lotta product to move into other assets then......so whats a guy gonna do.........you just might have to keep on making those decisions hehehhehe....coulda been a lot simpler for ya but then .......you'd been dead and missed all these food fights

      Delete
  57. he predicted NO taper last time like silver is king and he says

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/22_Man_Who_Predicted_No_Tapering_Now_Says_50_Increase_In_QE.html

    ReplyDelete
  58. Yes Inlet, Mr. Perfect, you forgot to tell us you also got out of the market in 1928, just before the crash of 1929. My, my, such amazing timing on your part to have gotten out each and everytime before a major bust cycle. I'm speeches in admiration, you are truly an amazing investor with a crystal ball and foresight that none of us mere mortals can ever hope for.

    Oh look, more lies from the MSM:

    http://www.usatoday.com/story/money/business/2013/11/22/job-openings-hiring-employment/3674321/

    ReplyDelete
    Replies
    1. I can vouch for Inlet.......he and I have squabbled over the years on the market but he's no liar......so you're barkin' up the wrong tree bud there........He can be hard to like but he's a hard-shelled tough nut that tells the truth.

      Delete
    2. One more thing bud his timing was very painful to watch as was mine. It may sound good to you in retrospect but he missed out on a big run up as did I......I was the butt of jokes as he probably was.......but in hindsight we looked like geniuses.......I'd rather be early than late.

      Delete
    3. Not worried about Bud, he is strictly an amateur at pissing people off on the Internet. Bud my biggest one day loss was well over $250,000 July 17, 1995. In the long run it was one of my best financial moves ever. I figure over time it saved me $500-750K, It was called an early buyout (some call it a divorce). hehehe So you see I know all about cutting losses.

      Delete
    4. Heheeee so true, some times what appears to be your biggest loss at the time turns out to be your largest gain and you can't always put a price on it!!!!

      Delete
  59. http://www.zerohedge.com/news/2013-11-22/why-your-pension-fund-doomed-five-easy-charts

    ReplyDelete
  60. http://blogdogcicle.blogspot.com/2013/11/dallas-sheriffs-deputies-assault-free.html

    ReplyDelete
  61. http://blogdogcicle.blogspot.com/2013/11/dallas-sheriffs-deputies-assault-free.html

    ReplyDelete
  62. Looks like AJ is getting under some skin......

    ReplyDelete
  63. http://blogdogcicle.blogspot.com/2013/11/infowars-nightly-news-friday-11-22-13.html

    ReplyDelete