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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 389.05+0.4%Dec 10 4:00 PM EST
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To: TobagoJack who wrote (85005)12/23/2011 12:00:58 PM
From: Canuck Dave6 Recommendations  Read Replies (4) of 218385
 
An age old game, with predictable consequences. Kublai Khan would allow a certain amount of gold to be converted at the "official" rate to jewellers (it was otherwise illegal to own) for fabrication, but delays were common, and those who actually got the metal were close associates.

"Gold and Economic Freedom" was written by the Fed Jester himself, before he donned the belled hat and adopted oracle-speak. Life is full of stuff too crazy to make up.

Say Jay, I never finished my rant on the poor old City getting hosed by those nasty Krauts. Here goes.

So you guys ran out of people to rape and now the whole stinking mess is about to come crashing down? Boo hoo. That's the problem with Ponzi schemes, bud, eventually you don't have enough new meat to pile on top of the fetid carcasses.

And why the hell do we need London anyway? Asian finance is maturing, and they've got the money over there. You can't handle some competition? Other banking centers are popping up, and maybe a few of them will be smart enough to not allow leverage to infinity.

The whole world is eventually going to find out why rehypothecation is bad for them, and let's hope there isn't a new invention like the guillotine by the time it happens.

I'm a peaceable guy, but I sure would enjoy seeing some of you guys scratching carrot fields. You guys have no idea how awful it is for most people.

CD
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