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Economic collapse and price controls on commodities!!

 
Anonymous Coward
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04/23/2013 10:45 AM
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Re: Economic collapse and price controls on commodities!!
Economic collapse is inevitable based on inflating fake currency.

Unfortunately, NONE of us know WHEN the end will actually occur so we are forced to comply.
Saddletramp
We Don't Rent Pigs...

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04/23/2013 10:45 AM

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Re: Economic collapse and price controls on commodities!!
If you want to find the market that most truly reflects the economy, don't look at the metals (they've been manipulating them for decades).

Look at the oil market for true(r) price discovery, because if you buy an oil contract and decide to take delivery, they will deliver 1000 barrels of crude to your house, and if you sell a contract, you can go buy 1000 barrels of crude from a producer in your area to deliver that crude to market.

Oil is one of the last broad spectrum markets where there is actually a deliverable commodity in relation to the number of contracts outstanding.

In the Metals there's not even close to enough physical metal on hand in the vaults to deliver on the amount of contracts outstanding!

So remember that, and if you play the paper markets in metals, play accordingly...

If you buy physical, understand that short term moves mean nothing, physical metals are usually great for capital preservation, a hedge against inflation, or a long term investment. But you're not going to make any money in the metals trying to "day trade" physical...

Last Edited by Saddletramp on 04/23/2013 10:45 AM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
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04/23/2013 10:48 AM
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Re: Economic collapse and price controls on commodities!!
bsflag
Cryptic Mole

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04/23/2013 10:51 AM
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Re: Economic collapse and price controls on commodities!!
bump
 Quoting: skeptic 8198777


I really dont think anyone here cares...
 Quoting: MaxMad


I do MM, and I've been warning about this very thing for many years now, but most don't believe. I tell them about 1923 Germany's hyperinflation, and most just never listen because they don't believe it can happen here. Lots of BS flags as well. Oh well! What can we say, right?

Shortages will begin this summer starting with all kinds of fuels. Food transports by mainly cross country truckers will be fucked, and prices will rise sharply, and shortages will be created just because of shipping costs as well. Also high fuel costs on the farms.

I've been warned about this by some of them involved in it, yet most will not listen. That's when the shills would arrive to crush my warnings, so be it!

Last Edited by Cryptic Mole on 04/23/2013 10:52 AM
Anonymous Coward
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04/23/2013 10:51 AM
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Re: Economic collapse and price controls on commodities!!
Right now there is price manipulation happening in virtually all markets!! Stocks, bonds, commodities, etc. There is a very big unintended consequence of the artificial suppression of commodity prices that I want you to think about. We all now are seeing how the price of gold and silver on the comex is no where near what costs to acquire the physical. That is because the premium (or the markup from the spot price). I believe this is happening in most commodity markets to try and hide TRUE inflation. The problem is we will see a greater discrepincy between the spot price and the actual price. Think about gas??? In 2007ish the price of a barrel was about the same as it is today, yet we were only paying $1.50ish then for a gallon of gas. Today, They have manipulated the price of oil to "artificial" price however the "actual" price to us is virtually double!!!!! This is very similar in many commodities...

Here is the big problem, my belief is that before we see the huge price spikes in commodities we will first see SHORTAGES!!!! This is a direct result of the manipulation!!! What we are seeing in the precious metals today with a decoupling between the spot price and "actual" price will hit other commodities as well! IMHO!!!
 Quoting: MaxMad


What will this mean for us potentially? Price controls and the free market tend to be at odds? So a farmer who knows he can get twice as much in China will gladly sell to China for double. Think... Oil, food, Precious Metals, imports will all be affected!
 Quoting: MaxMad


Seems like Obama did an EO to take control of food in case it became necessary.

Have you pulled up your shrubs and started edible landscaping, just in case? LOL
 Quoting: Anonymous Coward 30879308


I did just that last year,along with front and side yard grass...LOL
TOTRhombus

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04/23/2013 10:51 AM
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Re: Economic collapse and price controls on commodities!!
I care OP. Were we paying $1.50 in 2007? I remember $4 or so in 2008. I found a photo I took from 1997 and in the background was a gas station sign with Regular at $1.24. After a google search [link to www.ioga.com]
it looks like oil was $23.52 a barrel in Jan 97. $46.53 a barrel in Jan 2007 and $91.71 a barrel in Jan 2012. The chart is Illinois Basin oil prices...whatever that means.
 Quoting: Jack Stowage 37365471


Hell, in '95 or '96 I distinctly remember paying $0.88 a gallon. Sigh.
I don't know where you get your delusions, laser brain.
MaxMad (OP)

User ID: 13864401
United States
04/23/2013 10:53 AM

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Re: Economic collapse and price controls on commodities!!
bump
 Quoting: skeptic 8198777


I really dont think anyone here cares...
 Quoting: MaxMad


I do MM, and I've been warning about this very thing for many years now, but most don't believe. I tell them about 1923 Germany's hyperinflation, and most just never listen because they don't believe it can happen here. Lots of BS flags as well. Oh well! What can we say, right?

Shortages will begin this summer starting with all kinds of fuels. Food transports by mainly cross country truckers will be fucked, and prices will rise sharply, and shortages will be created just because of shipping costs as well. Also high fuel costs on the farms.

I've been warned about this by some of them involved in it, yet most will not listen. That's when the shills would arrive to crush my warnings, so be it!
 Quoting: Cryptic Mole


clappa You have been speaking truth for years and we applaud you!!!
MaxMad (OP)

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04/23/2013 10:54 AM

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Re: Economic collapse and price controls on commodities!!
bump
 Quoting: skeptic 8198777


I really dont think anyone here cares...
 Quoting: MaxMad


I do MM, and I've been warning about this very thing for many years now, but most don't believe. I tell them about 1923 Germany's hyperinflation, and most just never listen because they don't believe it can happen here. Lots of BS flags as well. Oh well! What can we say, right?

Shortages will begin this summer starting with all kinds of fuels. Food transports by mainly cross country truckers will be fucked, and prices will rise sharply, and shortages will be created just because of shipping costs as well. Also high fuel costs on the farms.

I've been warned about this by some of them involved in it, yet most will not listen. That's when the shills would arrive to crush my warnings, so be it!
 Quoting: Cryptic Mole


OIL is the key to our economy! It is the TRUE economy!!
Cryptic Mole

User ID: 35605429
United States
04/23/2013 10:55 AM
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Re: Economic collapse and price controls on commodities!!
Right now there is price manipulation happening in virtually all markets!! Stocks, bonds, commodities, etc. There is a very big unintended consequence of the artificial suppression of commodity prices that I want you to think about. We all now are seeing how the price of gold and silver on the comex is no where near what costs to acquire the physical. That is because the premium (or the markup from the spot price). I believe this is happening in most commodity markets to try and hide TRUE inflation. The problem is we will see a greater discrepincy between the spot price and the actual price. Think about gas??? In 2007ish the price of a barrel was about the same as it is today, yet we were only paying $1.50ish then for a gallon of gas. Today, They have manipulated the price of oil to "artificial" price however the "actual" price to us is virtually double!!!!! This is very similar in many commodities...

Here is the big problem, my belief is that before we see the huge price spikes in commodities we will first see SHORTAGES!!!! This is a direct result of the manipulation!!! What we are seeing in the precious metals today with a decoupling between the spot price and "actual" price will hit other commodities as well! IMHO!!!
 Quoting: MaxMad


I care, but your article is a little hard to parse.

For one thing, how is the gold price different from the gold spot price? The spot is the price quoted everywhere, and if you go to a gold seller like APMEX you will pay a premium above spot (their profit). You seem to be saying there's some other, "real", price. Tell us more or provide a link please.
 Quoting: Anonymous Coward 6493463


The "real" price is the price it costs you to obtain 1 ounce of physical silver... Not the comex spot!
 Quoting: MaxMad


^^^This!
Cryptic Mole

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04/23/2013 10:57 AM
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Re: Economic collapse and price controls on commodities!!
bump
 Quoting: skeptic 8198777


I really dont think anyone here cares...
 Quoting: MaxMad


I do MM, and I've been warning about this very thing for many years now, but most don't believe. I tell them about 1923 Germany's hyperinflation, and most just never listen because they don't believe it can happen here. Lots of BS flags as well. Oh well! What can we say, right?

Shortages will begin this summer starting with all kinds of fuels. Food transports by mainly cross country truckers will be fucked, and prices will rise sharply, and shortages will be created just because of shipping costs as well. Also high fuel costs on the farms.

I've been warned about this by some of them involved in it, yet most will not listen. That's when the shills would arrive to crush my warnings, so be it!
 Quoting: Cryptic Mole


OIL is the key to our economy! It is the TRUE economy!!
 Quoting: MaxMad


Yes, but soon no longer with US dollars.
Saddletramp
We Don't Rent Pigs...

User ID: 740208
United States
04/23/2013 10:59 AM

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Re: Economic collapse and price controls on commodities!!
If you want to find the market that most truly reflects the economy, don't look at the metals (they've been manipulating them for decades).

Look at the oil market for true(r) price discovery, because if you buy an oil contract and decide to take delivery, they will deliver 1000 barrels of crude to your house, and if you sell a contract, you can go buy 1000 barrels of crude from a producer in your area to deliver that crude to market.

Oil is one of the last broad spectrum markets where there is actually a deliverable commodity in relation to the number of contracts outstanding.

In the Metals there's not even close to enough physical metal on hand in the vaults to deliver on the amount of contracts outstanding!

So remember that, and if you play the paper markets in metals, play accordingly...

If you buy physical, understand that short term moves mean nothing, physical metals are usually great for capital preservation, a hedge against inflation, or a long term investment. But you're not going to make any money in the metals trying to "day trade" physical...
 Quoting: Saddletramp


Having said this, it occurs to me to also mention (as we are talking about market manipulation) that all markets are manipulated today. There's just too much funny money floating around in the system for them not to be.

Big players can move the markets, it's just that simple.

If I buy 10 Oil Contracts through my broker, I won't move the market at all, but if a big hedge fund dumps 200 contracts on the market all at once through their direct connection to the CME, you will see it drop by a dollar or more. It's just the nature of the game.

The problem is, that with computer trading algorithms that can make multiple trades on the same stock or commodity in less than a second, we're no longer just out gunned money wise, we can't keep up with the timing anymore as well...

This is why the day of the day trader in the equity markets is pretty much over...you can't beat the computer!
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
MaxMad (OP)

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United States
04/23/2013 10:59 AM

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Re: Economic collapse and price controls on commodities!!
...


I really dont think anyone here cares...
 Quoting: MaxMad


I do MM, and I've been warning about this very thing for many years now, but most don't believe. I tell them about 1923 Germany's hyperinflation, and most just never listen because they don't believe it can happen here. Lots of BS flags as well. Oh well! What can we say, right?

Shortages will begin this summer starting with all kinds of fuels. Food transports by mainly cross country truckers will be fucked, and prices will rise sharply, and shortages will be created just because of shipping costs as well. Also high fuel costs on the farms.

I've been warned about this by some of them involved in it, yet most will not listen. That's when the shills would arrive to crush my warnings, so be it!
 Quoting: Cryptic Mole


OIL is the key to our economy! It is the TRUE economy!!
 Quoting: MaxMad


Yes, but soon no longer with US dollars.
 Quoting: Cryptic Mole


Death of the Petrodollar!! Notice how we just left those Saudi Nationals leave without questioning their role!
TOTRhombus

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04/23/2013 11:00 AM
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Re: Economic collapse and price controls on commodities!!
I care OP. Were we paying $1.50 in 2007? I remember $4 or so in 2008. I found a photo I took from 1997 and in the background was a gas station sign with Regular at $1.24. After a google search [link to www.ioga.com]
it looks like oil was $23.52 a barrel in Jan 97. $46.53 a barrel in Jan 2007 and $91.71 a barrel in Jan 2012. The chart is Illinois Basin oil prices...whatever that means.
 Quoting: Jack Stowage 37365471


Hell, in '95 or '96 I distinctly remember paying $0.88 a gallon. Sigh.
 Quoting: TOTRhombus


bsflag

Impossible.
The Ministry of History said that gas was always $4.00 per gallon. Their website says so.
 Quoting: The Comedian


That was in Waco. Texas keeps it's own historical record. ohyeah
I don't know where you get your delusions, laser brain.
Cryptic Mole

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United States
04/23/2013 11:00 AM
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Re: Economic collapse and price controls on commodities!!
OIL is the key to our economy! It is the TRUE economy!!
 Quoting: MaxMad


No!
It's wind and solar!
fuckscience

ohappy
 Quoting: The Comedian


No its not because they'll never allow it! The oil industry is just too damn powerful, and every fucking politician is in their pocket.
Anonymous Coward
User ID: 9761298
Australia
04/23/2013 11:07 AM
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Re: Economic collapse and price controls on commodities!!
U wanna learn about precious metals prices.

[link to www.321gold.com]
Study Gann and the Planets, Delta Theorem.

[link to www.armstrongeconomics.com]
Study every word this man speaks
Anonymous Coward
User ID: 30879308
United States
04/23/2013 11:08 AM
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Re: Economic collapse and price controls on commodities!!
bump
 Quoting: skeptic 8198777


I really dont think anyone here cares...
 Quoting: MaxMad


I do MM, and I've been warning about this very thing for many years now, but most don't believe. I tell them about 1923 Germany's hyperinflation, and most just never listen because they don't believe it can happen here. Lots of BS flags as well. Oh well! What can we say, right?

Shortages will begin this summer starting with all kinds of fuels. Food transports by mainly cross country truckers will be fucked, and prices will rise sharply, and shortages will be created just because of shipping costs as well. Also high fuel costs on the farms.

I've been warned about this by some of them involved in it, yet most will not listen. That's when the shills would arrive to crush my warnings, so be it!
 Quoting: Cryptic Mole


OIL is the key to our economy! It is the TRUE economy!!
 Quoting: MaxMad



Unless everyone is starving. Wouldn't food be more important then?

If there was no oil, no one can bring you food.

Let's get to the root of our priorities....

Do you want to be rich or eat?
Buck Zander

User ID: 26745463
Canada
04/23/2013 11:13 AM
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Re: Economic collapse and price controls on commodities!!
Just to give you some perspective: In 1918 the average car would cost you $360. An equivalent today is $5,216. You would need then about 9Kg of silver. Today you would need 7kg of silver. This math shows that silver is a bit overvalued in relation to 1918 but also shows what they did to the dollar (inflation).

Source: [link to thecostofliving.com]
 Quoting: Coelho


Average car today costs $5,216?! Kindly let us know where we can line up for that fabulous deal of a new average car for under $6K. Thanks in advance.

sheep
There must be a law that people can't lie.
Anonymous Coward
User ID: 37915079
United States
04/23/2013 11:15 AM
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Re: Economic collapse and price controls on commodities!!
The price for fuel is being manipulated higher in order to reduce demand.

But don't worry, it's for your own good.
 Quoting: Anonymous Coward 37856450


Says the dumbo !
Man, what an idiotic, non educated comment !
Anonymous Coward
User ID: 37915079
United States
04/23/2013 11:20 AM
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Re: Economic collapse and price controls on commodities!!
If you want to find the market that most truly reflects the economy, don't look at the metals (they've been manipulating them for decades).

Look at the oil market for true(r) price discovery, because if you buy an oil contract and decide to take delivery, they will deliver 1000 barrels of crude to your house, and if you sell a contract, you can go buy 1000 barrels of crude from a producer in your area to deliver that crude to market.

Oil is one of the last broad spectrum markets where there is actually a deliverable commodity in relation to the number of contracts outstanding.

In the Metals there's not even close to enough physical metal on hand in the vaults to deliver on the amount of contracts outstanding!

So remember that, and if you play the paper markets in metals, play accordingly...

If you buy physical, understand that short term moves mean nothing, physical metals are usually great for capital preservation, a hedge against inflation, or a long term investment. But you're not going to make any money in the metals trying to "day trade" physical...
 Quoting: Saddletramp


Having said this, it occurs to me to also mention (as we are talking about market manipulation) that all markets are manipulated today. There's just too much funny money floating around in the system for them not to be.

Big players can move the markets, it's just that simple.

If I buy 10 Oil Contracts through my broker, I won't move the market at all, but if a big hedge fund dumps 200 contracts on the market all at once through their direct connection to the CME, you will see it drop by a dollar or more. It's just the nature of the game.

The problem is, that with computer trading algorithms that can make multiple trades on the same stock or commodity in less than a second, we're no longer just out gunned money wise, we can't keep up with the timing anymore as well...

This is why the day of the day trader in the equity markets is pretty much over...you can't beat the computer!
 Quoting: Saddletramp


Saddle,

I really think it comes down to position limits and the registering and tracking of borrowed shares for shorting the market. What does a computer do better than tracking numbers ? Yet they dont utilize these attributes through position tracking and share cert verification and tracking.

They dont want those things why ?

You know !
TOTRhombus

User ID: 25599408
United States
04/23/2013 11:21 AM
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Re: Economic collapse and price controls on commodities!!
...


Hell, in '95 or '96 I distinctly remember paying $0.88 a gallon. Sigh.
 Quoting: TOTRhombus


bsflag

Impossible.
The Ministry of History said that gas was always $4.00 per gallon. Their website says so.
 Quoting: The Comedian


That was in Waco. Texas keeps it's own historical record. ohyeah
 Quoting: TOTRhombus


Dissident!
texasflag
 Quoting: The Comedian


FNA
I don't know where you get your delusions, laser brain.
Anonymous Coward
User ID: 37915079
United States
04/23/2013 11:22 AM
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Re: Economic collapse and price controls on commodities!!
OIL is the key to our economy! It is the TRUE economy!!
 Quoting: MaxMad


No!
It's wind and solar!
:fuckscience:

ohappy
 Quoting: The Comedian


No its not because they'll never allow it! The oil industry is just too damn powerful, and every fucking politician is in their pocket.
 Quoting: Cryptic Mole


Yes comrade! It's the oil industry!
All we need are more Solyndras!

ohappy
 Quoting: The Comedian


It's about the reserve currency support that the dollar gets from the petrodollar utilization around the globe. The oil industry is the beneficiary of that forced use of the dollar.
Anonymous Coward
User ID: 38702343
United States
04/23/2013 11:23 AM
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Re: Economic collapse and price controls on commodities!!
The PM situation right now is a huge "Tell" as to the long term goal of killing the fiat $$. This year is going to be a wild ride.
SilverCyprus

User ID: 4625739
Canada
04/23/2013 11:25 AM
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Re: Economic collapse and price controls on commodities!!
You can't eat food.

Oh wait...
Saddletramp
We Don't Rent Pigs...

User ID: 740208
United States
04/23/2013 11:25 AM

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Re: Economic collapse and price controls on commodities!!
If you want to find the market that most truly reflects the economy, don't look at the metals (they've been manipulating them for decades).

Look at the oil market for true(r) price discovery, because if you buy an oil contract and decide to take delivery, they will deliver 1000 barrels of crude to your house, and if you sell a contract, you can go buy 1000 barrels of crude from a producer in your area to deliver that crude to market.

Oil is one of the last broad spectrum markets where there is actually a deliverable commodity in relation to the number of contracts outstanding.

In the Metals there's not even close to enough physical metal on hand in the vaults to deliver on the amount of contracts outstanding!

So remember that, and if you play the paper markets in metals, play accordingly...

If you buy physical, understand that short term moves mean nothing, physical metals are usually great for capital preservation, a hedge against inflation, or a long term investment. But you're not going to make any money in the metals trying to "day trade" physical...
 Quoting: Saddletramp


Having said this, it occurs to me to also mention (as we are talking about market manipulation) that all markets are manipulated today. There's just too much funny money floating around in the system for them not to be.

Big players can move the markets, it's just that simple.

If I buy 10 Oil Contracts through my broker, I won't move the market at all, but if a big hedge fund dumps 200 contracts on the market all at once through their direct connection to the CME, you will see it drop by a dollar or more. It's just the nature of the game.

The problem is, that with computer trading algorithms that can make multiple trades on the same stock or commodity in less than a second, we're no longer just out gunned money wise, we can't keep up with the timing anymore as well...

This is why the day of the day trader in the equity markets is pretty much over...you can't beat the computer!
 Quoting: Saddletramp


Saddle,

I really think it comes down to position limits and the registering and tracking of borrowed shares for shorting the market. What does a computer do better than tracking numbers ? Yet they dont utilize these attributes through position tracking and share cert verification and tracking.

They dont want those things why ?

You know !
 Quoting: Anonymous Coward 37915079


Oh the game is rigged for the house, no doubt. You have to pick and choose the markets you play these days, like black-jack vs roulette...

Play the odds my son, play the odds...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Saddletramp
We Don't Rent Pigs...

User ID: 740208
United States
04/23/2013 11:27 AM

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Re: Economic collapse and price controls on commodities!!
The PM situation right now is a huge "Tell" as to the long term goal of killing the fiat $$. This year is going to be a wild ride.
 Quoting: Anonymous Coward 38702343


Bingo!

The Financial Media is selling this as the death of the PM's, when in actuality you're witnessing the death of fiat currency...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Whole lee shit

User ID: 11270410
United States
04/23/2013 11:37 AM
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Re: Economic collapse and price controls on commodities!!
I was talking with one of my counterparts this morning about our stocks. Good solid stock that have made us both a fair amount of money for years are going to shit. These are not just fly by night start up companies these are major fortune 500 companies that are having some major stock fluctuations. I do a fair amount of trading and as of about 2 weeks ago things have gotten weird. Its getting to the point where i don't know what to buy or what to sell because nothing makes sense anymore. I'm sure any of my day traders can vouch for this, and if they cant i want to see what stocks they are working with.
"You can go to hell -- I'm going to Texas!" - Davy Crockett

You think Einstein walked around thinkin' everyone was a bunch of dumb shits? Now you know why he built that bomb
Anonymous Coward
User ID: 30879308
United States
04/23/2013 11:39 AM
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Re: Economic collapse and price controls on commodities!!
Right now there is price manipulation happening in virtually all markets!! Stocks, bonds, commodities, etc. There is a very big unintended consequence of the artificial suppression of commodity prices that I want you to think about. We all now are seeing how the price of gold and silver on the comex is no where near what costs to acquire the physical. That is because the premium (or the markup from the spot price). I believe this is happening in most commodity markets to try and hide TRUE inflation. The problem is we will see a greater discrepincy between the spot price and the actual price. Think about gas??? In 2007ish the price of a barrel was about the same as it is today, yet we were only paying $1.50ish then for a gallon of gas. Today, They have manipulated the price of oil to "artificial" price however the "actual" price to us is virtually double!!!!! This is very similar in many commodities...

Here is the big problem, my belief is that before we see the huge price spikes in commodities we will first see SHORTAGES!!!! This is a direct result of the manipulation!!! What we are seeing in the precious metals today with a decoupling between the spot price and "actual" price will hit other commodities as well! IMHO!!!
 Quoting: MaxMad


What will this mean for us potentially? Price controls and the free market tend to be at odds? So a farmer who knows he can get twice as much in China will gladly sell to China for double. Think... Oil, food, Precious Metals, imports will all be affected!
 Quoting: MaxMad


Seems like Obama did an EO to take control of food in case it became necessary.

Have you pulled up your shrubs and started edible landscaping, just in case? LOL
 Quoting: Anonymous Coward 30879308


I did just that last year,along with front and side yard grass...LOL
 Quoting: Anonymous Coward 38744739


Thank Goodness someone else realizes you can't gnaw on silver and gold and survive.

Precious metal is an aluminum bucket, durable and you can carry food in it. Gold and silver will go to zero so the banks can buy it all. Maybe in 20 years in will go back up.

Never follow the herd.
Anonymous Coward
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United States
04/23/2013 12:07 PM
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Re: Economic collapse and price controls on commodities!!
I was talking with one of my counterparts this morning about our stocks. Good solid stock that have made us both a fair amount of money for years are going to shit. These are not just fly by night start up companies these are major fortune 500 companies that are having some major stock fluctuations. I do a fair amount of trading and as of about 2 weeks ago things have gotten weird. Its getting to the point where i don't know what to buy or what to sell because nothing makes sense anymore. I'm sure any of my day traders can vouch for this, and if they cant i want to see what stocks they are working with.
 Quoting: Whole lee shit


Everyone knows the market is due for a 40% correction. Everyone is out except computers and you.
leonine

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04/23/2013 12:14 PM
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Re: Economic collapse and price controls on commodities!!
Looks to me like the end of slave ownership. Like the beginning of a one world currency. Either redeem your metals for the new currency or face jail time. What is an once of gold worth? Does the FED. RES. still carry gold at $45oz. on their books? 1933 can sure as hell happen again, and worldwide. If you are only offered a pittance for your PM, do you think that a black market will save you? If your starving in a famine, do you think you can buy food with metal? I'm not suggesting selling all of anything. Being 50% right is way better than 100% wrong. Hell, 25% right may be all you can hope for. This worldwide debt monster is terminally ill. In a credit(debt) fiat system you MUST increase debt exponentially to keep it going. Falling interest rates have kept the boat afloat. But, falling rates are only good if you can refinance. If you have income to qualify for the loan. Falling rates create asset bubbles (ie. housing), bubbles burst, period. Enjoy the calm before the storm. If the stockmarkets around the world keep flying up and away, I'll assume a 50% currency devaluation worldwide, to be redeemed in the "new" SDRs or the like. I certainly agree with the thread title. Economic collapse and commodity controls. Or should I say rationing? A global currency based on ALL commodities seems likely to me. But first, the "great culling." Has anyone seen the miners drop so flippin fast in modern times without a corresponding, albeit trailing move in the S&P? We have never been here before, not even close. Did cars 100 years ago have all those pricey brakes, airbags, cruise control etc.?

Last Edited by leonine on 04/23/2013 12:17 PM
lizard king
MaxMad (OP)

User ID: 13864401
United States
04/23/2013 12:19 PM

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Re: Economic collapse and price controls on commodities!!
Looks to me like the end of slave ownership. Like the beginning of a one world currency. Either redeem your metals for the new currency or face jail time. What is an once of gold worth? Does the FED. RES. still carry gold at $45oz. on their books? 1933 can sure as hell happen again, and worldwide. If you are only offered a pittance for your PM, do you think that a black market will save you? If your starving do you think you can buy food with metal? I'm not suggesting selling all of anything. Being 50% right is way better than 100% wrong. Hell, 25% right may be all you can hope for. This worldwide debt monster is terminally ill. In a credit(debt) fiat system you MUST increase debt exponentially to keep it going. Falling interest rates have kept the boat afloat. But, falling rates are only good if you can refinance. If you have income to qualify for the loan. Falling rates create asset bubbles (ie. housing), bubbles burst, period. Enjoy the calm before the storm. If the stockmarkets around the world keep flying up and away, I'll assume a 50% currency devaluation worldwide, to be redeemed in the "new" SDRs or the like. I certainly agree with the thread title. Economic collapse and commodity controls. Or should I say rationing? A global currency based on ALL commodities seems likely to me. But first, the "great culling." Has anyone seen the miners drop so flippin fast in modern times without a corresponding, albeit trailing move in the S&P? We have never been here before, not even close. Did cars 100 years ago have all those pricey brakes, airbags, cruise control etc.?
 Quoting: leonine


There is no doubt those in charge will ATTEMPT to seize all PM's... But they will be even less successful this time around as compared to 1933! In 1933, you still had the majority of people who had the impression that the government was there to protect them... LOL

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