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Post by simonsays on Jun 25, 2014 7:59:06 GMT -5
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Post by platy on Jun 25, 2014 8:35:16 GMT -5
Going out of town for the rest of the week. Good luck everyone!
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Post by simonsays on Jun 25, 2014 8:49:26 GMT -5
Going out of town for the rest of the week. Good luck everyone! Have fun Platy! |
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Post by daniel on Jun 25, 2014 12:12:08 GMT -5
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Post by simonsays on Jun 25, 2014 14:54:12 GMT -5
Restarted my NQ short. Stubborn bastard!
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Post by radar on Jun 25, 2014 18:40:08 GMT -5
I hope Platy has a good time.
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Post by platy on Jun 25, 2014 19:42:50 GMT -5
Thanks Simon & Radar! I have internet access so will stop in sometimes.
Horrible advice being given over at the "other place" IMHO. I really need to stay away from there, it just riles me up.
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Post by platy on Jun 25, 2014 21:09:33 GMT -5
Short AUD.
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Post by daniel on Jun 25, 2014 22:03:11 GMT -5
I need to stop posting over there too!
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Post by simonsays on Jun 25, 2014 22:13:28 GMT -5
Thanks Simon & Radar! I have internet access so will stop in sometimes. Horrible advice being given over at the "other place" IMHO. I really need to stay away from there, it just riles me up. Agreed. The BS has been flowing heavy this week. I've had to work hard to avoid weighing in on the crap being posted. There's still a very large contingent that can't come to terms with the fact that the US Gov't and international banking cartel doesn't give a shit about the American people. Still lots of "ra ra America" crap flowing. Americans enjoy a standard of living far above ROW and under a globalist agenda, that is guaranteed to change. |
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Post by daniel on Jun 26, 2014 0:14:07 GMT -5
Somebody tell Sophia over at BBT what we have going on here! I think she would fit in nicely, no?
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Post by sb on Jun 26, 2014 7:26:57 GMT -5
I've also have cut back on posting there too, let them get MF global'd again if they didn't learn the first time. Also, patting oneself on the back over and over for catching half of a 4% move down in gold is getting tiresome, while attempting to downplay a 50% rally that many caught (Alex, Simonsays, etc) in miners. Regarding the debate over whether the US will default or not, it's just semantics. They already defaulted in 1933 on gold backed bonds, but they went about it by having Congress "repudiate" the debt. Call it what you want, bondholders got smoked. It won't happen the exact same way this time since bonds and currency no longer backed by gold, but one thing for sure, they'll change the rules and steal money like they always do, no matter what they call the default. Devaluing the currency is just one (and the most obvious) way to default, and I don't consider getting 10 cents on the dollar being paid in full except by technicality. Then there is Poland, Cyrus, soon to be bail-ins, the forthcoming exit penalties for bond holders, and possibility of forcing IRA's and 401k's into treasuries. Nothing to be concerned about!  |
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Post by simonsays on Jun 26, 2014 7:29:26 GMT -5
Somebody tell Sophia over at BBT what we have going on here! I think she would fit in nicely, no? I suspect there are lots who would post here if they knew about it. I believe very few BBT'ers know this place exists. I don't see anything wrong with mentioning it to others if you think they would like it. |
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Post by simonsays on Jun 26, 2014 7:47:02 GMT -5
I've also have cut back on posting there too, let them get MF global'd again if they didn't learn the first time. Also, patting oneself on the back over and over for catching half of a 4% move down in gold is getting tiresome, while attempting to downplay a 50% rally that many caught (Alex, Simonsays, etc) in miners. Regarding the debate over whether the US will default or not, it's just semantics. They already defaulted in 1933 on gold backed bonds, but they went about it by having Congress "repudiate" the debt. Call it what you want, bondholders got smoked. It won't happen the exact same way this time since bonds and currency no longer backed by gold, but one thing for sure, they'll change the rules and steal money like they always do, no matter what they call the default. Devaluing the currency is just one (and the most obvious) way to default, and I don't consider getting 10 cents on the dollar being paid in full except by technicality. Then there is Poland, Cyrus, soon to be bail-ins, the forthcoming exit penalties for bond holders, and possibility of forcing IRA's and 401k's into treasuries. Nothing to be concerned about! Agree. I just finished up the Creature from Jekyll Island, and he very nicely documents the many times that the US has defaulted on paper money throughout its existance. It's the same story over and over (and not just in US). Bankers are made whole and a bunch of people get wiped out. Rewind play. The big problem is that people haven't done their historical homework and really don't even know what it meant when Nixon closed the gold window. And I'm amazed by the number of "expert traders" who have no understanding of the difference between real and nominal and how inflation works (like boiling a frog actually) over time. And Bail-ins, yes, coming to a country near you, including one to the north. What is the legislation for if not for stealing wealth? And absolutely no coverage by our clueless media. I tell you when Canadain real estate finally topples, our "prudent" banks will crumble and some kind of bail-out (in) will be needed. Starting a new thread..... |
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