Thursday, June 16, 2011

Is this what QE III is...?

"The Fed could enforce these interest-rate ceilings by committing to make unlimited purchases of securities up to two years from maturity at prices consistent with the targeted yields. If this program were successful, not only would yields on medium-term Treasury securities fall, but (because of links operating through expectations of future interest rates) yields on longer-term public and private debt (such as mortgages) would likely fall as well."

For more on this read this explanation Click here ...

You know, it will be a covert opp, not too sure they can come out and say it. Time will tell. But who gives a shit really, just keep buying the PHYZZ and let the world do its part for us. Its actually an easy philosophy; buy the phyzz, hold the phyzz, spend the phyzz at a later date on tangible hard assets such as real estate and land.

I'm expecting some sort of short term bounce here especially after RIMM got destroyed so bad, but who knows, this could be the start of a continuation sell off that may blast through MA's like they weren't even there.

Just for the record, as I warned 5 minutes after Ben's speech, is that Im 99% cash. I have covered most of my shorts/PUTS. I am long Tinka only. I am ready to pound the paper markets deeper or if the markets show green I may put on a small long or two. But here's the rub; I WILL BE OUT OF MY LONG POSITIONS BY THE END OF EVERY TRADING DAY.

Do not get caught with your pants down. You cant run like that. Its gets in the way.

Comex 'supply' stays at 27.9 mill.

Go Blythe.


  1. I get paid every 2 weeks. On payday, I buy 2 weeks worth of fresh food, though I also have 6 months of stored food as well, and pay my petty bills as needed. After all is said and done, I dump the remaining cash directly into Physical Silver and Gold. So Im actually 99% Physical and the rest is fiat. If something comes up, I sell a few ounces of silver, and never sell my gold. Oh... once a month I go and get more ammo as well. When silver stays above $50/oz... I will likely be 50/50 Physical/Fiat just in case some more stupid May The 1st shit happens again. I just bought another tube of maples, and a set of 2010 America the Beautiful 5 oz Coins this past month for good measure.

  2. sorry if I have confused anyone, 99% cash obviously does not include my PHYZZ holdings. I dont include this anymore as I dont consider it part of my portfolio anymore.

  3. > I dont include this anymore as I dont consider it part of my portfolio anymore.

    "Portfolio" is so metro-sexual 20th century anyway. Good for you.

  4. The whole TSA-knowing-about-AU/AG-values thing really fucked my situation up.

    Have about 500 ounces of silver that I was trying to take out, and bring in about 50 oz of gold to swap into silver and then take back out.


  5. > spend the phyzz at a later date on tangible hard assets such as real estate and land.

    Really? You've got to be kidding. I don't think I'm ever going to take a chance on owning land or property again, not as long as ANY, bank, is involved.

    Back in January I sent Chase Bank a qualified written request under Section 6 of the Real Estate Settlement Procedures Act (RESPA) requesting proof that they hold the note to my house.

    After all, Chase swallowed up Washington Mutual for a pittance when their CEO imploded the bank. I have no proof Chase holds my title.

    All banks in the U.S. are legally required to acknowledge such requests within twenty business days and must try to resolve any issues within sixty days.

    I've received NOTHING from Chase Bank. Maybe I'm just lucky, because some people are receiving threatening and/or intimidating responses from their banks for making such an "absurd" request.

    I just made a second request, and expect more cold shoulder. My next plan is lodge a complaint with my States Attorney General. It's time to rise up and begin pushing back and dismantel the cartel, and the sooner the people do it, the better.

  6. NO I am not kidding you. The world will end, you will eventually trade in some of your PHYZZ for the new currency and land/real estate. This is the wealth transfer we are talking about. What else will you spend it on? Everything is a cycle.

  7. sgs,

    I agree everythings a cycle, and I'm damn intent on getting IN on this one.

    But the thing bugging me about ever purchasing realty again is a little thing called Eminent Domain (U.S.) compulsory purchase (United Kingdom, New Zealand, Ireland), resumption/compulsory acquisition (Australia) or expropriation (South Africa and Canada.)

    This action of the state to seize a citizen's private property, expropriate property, or seize a citizen's rights in property may give you some shitty monetary compensation (if you're fuck'n lucky,) but it's bacically another scam, because like anything any abuser does, it's all done without CONSENT.

    And the above doesn't even take Mexico or any of South America or Africa into the equation.

    With regard to transfer of wealth, I'd just like to create enough $$$$ to drop-out of the American nightmare, comfortably and permanently, for the remaining twenty or so years I may have left.

    As a single guy with no kids and nobody to leave the proverbial "farm," I could easily use that same money to live in nations where that same unit of money goes much further.

    I've already experienced tastes of living like a king on prime waterfront for thirty dollars a month, in a third-world country where other ex-pats have indeed staked a claim and taken chances in buying property. When rent is only $30/mo. why bother owning? And why buy in a country (read: everywhere) that can be taken from you, at most anytime. Nothing is sacred anymore. Guard your phyzzz well...