i do not think the greek tax system is al that different from california's regime.
as california cannot print money, neither can greece.
let us watch n brief and note how greece navigates, and then let us keep tabs on where california goes.
just in in-tray
player 1: FWIW I found the attached PDF over at iTulip -- some gold TA out of Bob Hoye's shop suggesting that we are within an incomplete trip to the lower Bollie
$1000ish more or less jives with my own much more rudimentary chart here -- stockcharts.com
We may not actually get there if the big "power up" move appears to leave the cautious stranded, but IMO one needs to be prepared for sub-1000, i.e. you still need a foot in both camps
player tj: during a secular bull market borne of econo-politico-financial-monetary structural perfection, we must look past the valley of death
player 2: Move < 1000 won't happen in the near term.Risk assets poised to rally as soon as the Greece situation subsides as it will-too small to fail. Look for risk assets to start a serious decline in early Fall. Retesting 666 on s&p likely, taking gold down also-like '98. After this bs decline driven by deleveraging gold will rally like crazy-2300 w/in 18 mos, 5000+ w/in 5 yrs. Fiat currencies are about govt credibility. With credibility less than zero gold will skyrocket. Pretty sure this roadmap isn't consensus, but it's how I'm trading the markets.
player tj: bill, nuff and i believe well said.
i have never cared for training (engineering, law, medicine, ... finance, etc etc), but hold education (philosophy, history, sciences, math, foods, on-line computer unreal tournament last man standing deathmatch games ...) in highest regard, and believe whatever else would happen going forward, we shall be better educated, and so blessed
and
just in in-tray
zerohedge.com
"The Bank Of England Engaged In Flagrant Gold Manipulation In The Interwar Period Via The New York Fed; Does History Repeat Itself? ..."
player bill: The Garrett piece is stunning. I'm amazed it's remained hidden so long. His documented assertion is that BOE manipulated policy by outright lying for years. A few observations inexorably flow from his analysis. To begin,let's remember that England was relatively a much larger and the USA a much smaller economy in the 20s than today. Norman's manipulations could only succeed with the NY Fed (which solely conducted monetary policy in that era, Washington was irrelevant) as co-conspirator. The mirror image of Norman's lies had to be reflected in Fed lies for the scheme to be successful. The effect of Norman's actions was to have BOE monetize US Treasuries in exchange for selling the Fed massive amounts of gold surreptitiously. This would have had the effect of enormously increasing the monetary base in the USA and the overall supply of high-powered money.Garrett confines his paper to the contractionary effects of this policy on England, ignoring the enormous expansionary effects on the USA which fed the 20s bubble that collapsed when policy reversed in '29.
House Banking Chairman Louis McFadden was onto this scam but could never prove it. He repeatedly railed on the House floor that the Fed was lying with its reporting of gold flows. He finally got so frustrated he lodged a bill to impeach every senior Fed official and criminally indict them (jointly and severally) for fraud and treason. McFadden was shot at twice leaving a DC taxi and subsequently poisoned at a banquet where he was present to deliver an anti-Fed speech.
player tj: bill, i just woke up from a lovely post-meal nap, looking forward to a busy few hours of business accompanied by cecilia bartoli's gluck italian arias on cd player, followed by a quiet family dinner, then, eventually a cerebral dvd of perry masom shows.
you managed to depress me with your e-mail, making me realize that the force of evil is strong and pervasive, and in fact, now maybe stronger than ever as more are nearing destitution should officiadoms all over falter. the monetary toxin is simply everywhere, eroding the fabric of society and ruining the tapestry of civilization.
the majority would be fooled into standing behind tyranny just so that they can make it through another awful day, and thus backed, the officialdoms can manage more tyranny than ever, dangling out the prospect to the majority that in doing so, all can make it into another day, tragically or not, but another day.
the political-econo-social-monetary set up is just about perfect for tyranny to thrive, nonsense to spin, rubbish to rule, and evil to take.
let us watch/brief and note how little greece leads the path, and how california follows through.
we scream out our alarm, and the crowd marches on, because the noise drowns out all screams, particularly the mighty silent screams.
here be my wife, happily anticipating arrival into this world of our coconut's sibling in august, tentatively named jack; and "hooray, jack, welcome to the world! and what a world. here be some gold bars, coins, and trinkets, plus your unreal tournament last man standing deathmatch learnings, plus what you may or may not have in your chromo lattice entwined with multiple generations of refugeedom instinct. dada and mama shall be with you for as long as we are able. now, go to work, tout ou rein, and best of luck to you and your sister."
pog retesting the $1,000 area? bring it on, i embrace it, then would devour it, sashimi style. |
