Major swiss Banker :"Gold to Begin a Major Advance Starting Next Week " : Plus more useful links for goldtards

LOL Please elaborate if you're going to make such unfounded claims. I've done a good deal of explaining to which you've had 0 answers, or valid counter arguments.

I'm well aware of how devaluation (electronic or otherwise) works. Seems that is the limit of your knowledge. You learned about devaluation and then decided to stop learning. When you're ready to learn again, I suggest you start learning how debt based fractional reserve banking works.

so, i have already talked with you in the past. and you were wrong.

where are you going to invest your money? in paper money?

talk or leave.

Many economists are recommending precious metals and real estate. Tangible assets. The dollar and the Euro are collapsing. It is on purpose. It is coming. 40 elections world wide this year. 2013 is going to really suck.


Reread that.
These the same economists that got us to where we are today?


No. The ones I refer to don't work for any government. Socialist economists are full of shit. Socialism doesn't work. I am talking about capitalist economists. We are suppose to be a capitalist nation. I would like to see true free market before I die.

LOL what was I wrong about? Like I said if you're going to make accusations bring some proof.

I don't invest in money if you haven't figured it out yet. If you want some good investments here are a few that come to mind: Family, community, self improvement, health, learning a new useful trade or skill. These are the things that make you rich not a fat wallet and bank account.

The notion that the created $ are not getting out there is false. The Fed monetized 2.8 trillion of Govt debt with QE1 and QE2. You can see the result of that here, in the ST Louis Fed's own chart:
[link to research.stlouisfed.org]
The Fed takes the government debt, the government spends the $. The dollars go out in the form of food stamps, welfare payments, unemployment checks, Solyndra payoffs to big D donors.

Operation Twist II is the same thing. The fed buys up mortgage backed securities, the dollars go to the banks which invest the newly created $ into other things. You have traded your debt for new $.

Anyone who understands these operations knows this is increasing the $ supply. The new $ go into commodities, farmland and etc. The price of farmland here in the fertile midwest have gone from $4-5000 per acre 4 years ago to $6-8000 now.

Your dollar has not kept pace with commodities, gasoline, the price of beef. The Fed will continue to create new $ to buy off the market more bad assets, further increasing the price of commodities and productive assets like farmland. You hold paper dollars if you want to. Meantime, let Strongman say his piece.

Sorry, meant $1.8 trillion.

thanks buddy. don´t waste your time.

everytime i make an important thread, year after year , a papertard comes to the rescue.

but the deflationtard always fails and gold keeps going up since they keep printing money

LOL!!! The MAJORITY of the new money goes toward paying INTEREST on the debt already owed. That's the whole reason for QE we can't afford the interest on our debt anymore.


LOL
That is NOT how operation twist II functioned, but nice try. Operation Twist II the Fed sold short term securities to buy long term bonds to flatten the yield curve. This was an effort to prop up the failing housing market.


As shown above you qualify for the category that doesn't understand these operations, but carry on.


M3 is what matters. The base M1 money supply means diddley squat. Hypertards love to point at the Feds M1 graph, Problem is 1.8 trillion is insignificant compared to the entire credit 52 trillion credit system. The world runs on bank credit, which is leveraged off of M1 currency supply. The FED's charts show the velocity of the money supply is tanking:
[link to research.stlouisfed.org]

The chart above proves my point, most of QE isn't circulating in the economy. Food stamps and government handouts amount to nothing compared with the size of the total M3 money supply, which doesn't even include things like credit card debt and other cash equivalent vehicles.
Food stamps and government handouts were funded to prevent tards from rioting.

You can QE all you want, but if the money doesn't circulate it can't inflate. The real problem is there aren't enough credit worthy suckers to take loans and continue inflating like we have for the last 40 years. We have hit the point of debt saturation. Now we are entering the liquidation phase.

And on the commodity/farm land prices rising. I already addressed this. This is large in part to the reallocation of assets from luxuries to necessities.

Next time you start quoting the FED data/programs please take a bit of time to learn what you're talking about before posting.

luxuries going up > gold

necessites going up > food


the fool doesn´t even read what he is writing.


it is called fall of reserve currency.

it has already happened in monetary history. gold is money

stop the BS

deflationtards never learn

Lol You don't and/or can't read/comprehend cause I've stated many times I don't like paper money.

Congrats you found someone to do your thinking/arguing for you. Next time you might want to find someone who knows what they are talking about. Good luck!!!

Wow is this some form of Tardish. Hard to make out what you're trying to say.

gold goes up steadily...stair steps up until Jan ,2013. Tops at $3011.10 .

Greece has collapsed, Italy has collapsed. Portugal, Spain, Ireland, bankrupt. ...

U.S. banks close sometime between 12/12 and 3/13 for a holiday.

U.S. defaults. U.S.D is devaluated by 42%

President declares a national emergency and puts controls on all commodities, wages, shipping.

Gold price is set at $1100.00

Fuels are rationed.

Food purchases are limited. Food hoarding is declared a federal crime.

War is raging in the Middle East.

Real Unemployment in the U.S. is 26%.

25% of businesses shut down during the next 6 months.

and this is only the beginning.

how can you default your debt and get 66% drop in gold price
nostradamus

hope we ccould do that in real collapses like in argentina

simple actually.

it's called govt intervention.

it's already happened several times in the U.S....

it will happen again. You can count on it. Do you really think that when USD, gets taken down and revalued that tptb are going to let all those that are sitting on gold to become kings?

think it through.

If the US defaults you'll be lucky to get your $44/oz at the FED. Default = no money. But I bet you think somehow no money means you'll be able sell gold for 1700/oz to someone with no money.

Argentina's collapse will seem like a Disney vacation compared to a collapse of the US monetary system.

If the US goes under there won't be a functioning global trade system to support the exchange of food for shiny trinkets, like there was when Argentina reset their system.

Most everyone on the globe didn't even know Argentina collapsed. But I bet somehow you think this will be the same when the US collapse.

LOL

right now gold is way overvalued..it is simply hyped up due to demand...fear.


production cost per ounce of gold is only about $350-$400 per ounce depending on the specific mine. (I personally mine and refine)

new gold properties are starting up like WILD FIRE all around THE WORLD. Iknow because I'm in the heart of it.

do you know what this means? DO YOU KNOW WHAT THIS MEANS?

it's called supply and demand bro.

and to magnify the problem glut of gold on the market...when the govt steps in ...the demand of Gold will PLUMMET.

think i'm making this shit up>?

gold is going to be globally controlled just like wheat, oil, corn, etc. ..

retard post. citing costs but not massive investment demand by central banks

check BOTH side of the equation first.

enough papertards.

stop anonymous claims , don´t be cowards
let´s see who is right at the end of 2012

show your real names and users here

enough papertards

you never learn

I'm so happy there's a White Dragon Society for realz!

So I don't have to get off my ass.

ahhaha they are coming against the papertards

An avatar only gives you a colorful FAKE identity instead of the name AC.

what's your point?

anyone that uses their real name on a public chat in front of sociopaths lacks intelligence. Or...they simply don't care about their own family's safety.

When government set it at $1100 or even lower, those who have money and those who bought it at $2000 will stock up. because of the government intervention the profit will take a huge hit so there will be very few miners left. where's the abundant supply by then? wouldn't that jack up the price?

And I thought tptb IS the king that's sitting on gold. they print paper so they get to keep the gold.

Last Edited by Aperture2012 on 02/19/2012 01:40 PM

1. The majority of the money does not go toward paying interest on the debt. Those interest payments have barely risen, even though we have added $5 trillion to the debt in the past 3 years. The amount of interest paid has not gone up dramatically, because the Fed has artificially pushed the interest rate on gov't securities down. When the market takes back over, if it ever does, small increases in interest rates will have a staggering effect on gov't interest payments.
2. The $1.8 trillion of QE went directly into the Treasury and was spent by the government. Total government revenue now funds only 3 programs: SS and Medicare, Medicaid, and defense. The government is borrowing everything else.
3. You seem to believe that total credit in the market has shrunk, resulting in lower money supply. Total credit is actually on the rise right now.
[link to www.mybudget360.com]
4. I understand what Op Twist was. I was speaking too loosely. It is an attempt to lower interest rates on 10+ govt securities. But the Fed has also taken on its books a large amount of MBS and Fannie/Freddie debt. The purpose of that is to reliquidate the mortgage market, funding new real estate debt.
5. You do provide a great chart on velocity of money. What it shows is the declining marginal utility of new debt. This is where we go separate ways. I don't think the declining marginal utility of new govt debt will stop the Fed from printing and the government from spending. I believe the government will continue to spend, the Fed to continue to print. Without those new $ the Fed will supply to the market, the govt would have to raise taxes to fund that spending. They know they can't raise taxes by 40%, so that's not going to happen.

Thanks for the response.

It has begun!

the swiss banker looks like he was right from the beginning

a nice jump at the open of the markets

for updates

i need 1 karma so i can pin this again for updates

final re bump for discussion

Gold, Shmold...

and what will you cash it in? In fiat currency... great deal, that... gold is worthless, so is any other "precious" metal... it s only for vanity, no real use...

r u using a computeR? a missile? it is full of silver you know

check gold price.
it has begun

debunk that

this is for serious discussion

not just write :bs flag: and go away


Discussion please

bump for later read