All is quiet on the front right now...an eery quiet while all this debt talk clouts the media. I have a feeling something big is coming and its being masked by this debt/media monotony.
"If the debt of the United States is downgraded, other debt will also be downgraded. As credit ratings go down, interest rates do the opposite. U.S. consumers would start paying more for things like credit cards, mortgages and car loans. Hundreds of municipalities would also pay higher borrowing costs for their debt. These are just a few of the interest rate wild cards. This would put a huge drag on an economy that is already on the skids. "
Saw this quote from somewhere just cant remember, but, I beg to ask the question...is there anyway out of this debacle? Exponential compounding interest must go parabolic, and then it just dies. It has to. Its mathematically impossible for it not to die. Got Debacle?
Metals hanging in there, I hope we get raided I need to buy more calls and phyzz this one last time before the silver man comeith to take us to the promise land.
"Exponential compounding interest must go parabolic"
ReplyDeleteI think it was Ed Seykota who said a dime at 3% invested at the time of Christ would by the thirteenth century yield 1+ 26 zeroes.
"The magic of compound interest" indeed.
life is good when you are betting on a sure thing
ReplyDeleteI guess you would pay more on your mortgage if you were a dumbass that got an ARM. If you locked in a fixed rate you wouldn't.
ReplyDeletethis is all the proof needed!
ReplyDelete7/27/11 Ag 40.46
SLW Silver Wheaton Corp. (... 37.27 -2.12 -5.38% 13.17B
SLV iShares Silver Trust (... 39.17 -0.72 -1.80% 14.44B
7/27/11 Ag 41.40
slw 39.94
slv 40.31
Ag at 41.40 a 37 cent difference
But after the raid 2.10 difference, SLW down 5.38%, SLV 1.8%
Locked in a 4% loan last year, for 60,000 and bought Silver ! 19.90 an Ounce ! I'm still happy to pay the Banksters with their Fucking Fiat ! And Still Happy to buy at these Cheap Prices .. I think it might be sooner than later, that I can pay off this Loan..
ReplyDeletehttp://www.thefinancialmarketnews.com/don%E2%80%99t-get-it-twisted-we-are-already-at-war-with-iran
ReplyDeleteImportantly, readers must understand that the United States is actually in an active war with Iran. Most think the US is not at war with Iran because the US does not have troops inside Iran such as it does in Afghanistan, Pakistan, and Iraq, and is not engaging in behind-the-scenes support like in Libya, Yemen, and Somalia. The US is involved in active war with Iran in the form of a Siege:
Meh - I think they delay until october.
ReplyDeleteTotally unrelated, but I've been listening to Peter Schiff. Now I find this:
ReplyDelete"Peter Schiff, economics expert regularly featured on several stations, descendant of the Rothschild lieutenant Jacob Schiff, and married into the Gore line, Al Gore's daughter Karenna Gore Schiff"
Can he be trusted?
Not true about Schiff, I heard him discuss it on his radio show.
ReplyDeleteLong time reader, 1st time poster.
ReplyDeleteGreat post, nice post malcolm, very eye opening.
LOL, I was watching that Ring of Power, and the Schiff name is mentioned. I didnt know he was part of that lineage. Andrew Newman Schiff and Karenna Gore Schiff.
ReplyDeleteJacob Henry Schiff, born Jakob Heinrich Schiff (January 10, 1847 – September 25, 1920) was a German-born Jewish American banker and philanthropist, who helped finance, among many other things, the Japanese military efforts against Tsarist Russia in the Russo-Japanese War.
From his base on Wall Street, he was the foremost Jewish leader from 1880 to 1920 in what later became known as the "Schiff era", grappling with all major Jewish issues and problems of the day, including the plight of Russian Jews under the Tsar, American and international anti-semitism, care of needy Jewish immigrants, and the rise of Zionism.[1] He also became the director of many important corporations, including the National City Bank of New York, Equitable Life Assurance Society, Wells Fargo & Company, and the Union Pacific Railroad. In many of his interests he was associated with E.H. Harriman.
Andrew Schiff, Peters brother is married to Karenna Gore, Al Gore´s daughter
To have someone close married to the Vice presidents (Al Gores) daughter is an advantage for sure. It´s a little pathetic how Peter clings to some old desk in all his youtube videos, often being filmed in a basement or such, like he is almost in some kind of cheap garage.
Pretending to be some kind of average person, grassroot movement guy helping students with their economy. That picture is wrong. He is a super rich globalist, elitist about to help the very richest european bankers (rothschilds) destroy the value of the dollar, and all physical cash to replace it with a global digital currency -backed by gold and silver.
Andrew N. Schiff, (Peters brother) Managing Director, Aisling Capital, Perseus-Soros Biopharmaceutical Fund, Board Member
In a word NO!!!
http://www.carlg.org/engpeterschiff.html
ReplyDeleteWelcome FT!
ReplyDeleteAre well all West Coasters?
0c13c/malcolm: not true. Peter Schiff's grandfather was called Jacob Schiff, but not THE Jacob Schiff of Federal Reserve/Bolshevik Revolution fame. That page looks like bullshit with absolutely no facts to back it up, just assuming that because he has the same surname he is automatically one of Them.
ReplyDeleteLook at his face man, does he look Jewish to you?
My American friend in china is working on an article on people's opinions on the real estate situation there. Seems like people in his city believe there is a bubble and would rather not buy real estate with their savings, which is probably good for gold and silver. I'll link to the article when it's published. Also the new exchanges HKME and Pan Asian have position limits so they can't be flooded with infinity sell orders. This is probably giving Chinese gold wholesalers and dealers more price confidence when buying spot contracts.
ReplyDeleteYes he does! Have a look at this: http://en.wikipedia.org/wiki/Peter_Schiff
ReplyDeleteorn March 23, 1963 (1963-03-23) (age 48)
Nationality United States
Field Financial Economics
Alma mater U.C. Berkeley (B.B.A.), 1987[1]
Opposed John Maynard Keynes,[2] Alan Greenspan,[3][4][5] Ben Bernanke,[6][7][8] Paul Krugman,[9] Christopher Dodd,[10] Barack Obama,[11]
Influences Irwin Schiff, Ludwig von Mises, F.A. Hayek, Murray Rothbard
You may be right about linage.
@ SolidGoldBubble
ReplyDeleteI promised myself I wasn't going to "comment" anymore but just follow the editorial but it's hard to resist.
This might make you think again about who looks Jewish:-
A TV broadcast in Israel.
"With a Jewish Grandma and a Jewish Mother, Gaddafi may seek refuge in Israel per its Law of Return"
Plus Gaddafi's son is pals with the Rotschilds and probably has their backing.
So the deal is possibly that Gaddafi retires to Israel and his son takes over.
You couldn't make this stuff up.
Malcom-
ReplyDeleteLOL! THAT IS NOT THE SAME ANDREW SCHIFF. you are incredibly silly sir. Look up images on google of Andrew Schiff and Karenna Gore Schiff. Then go to Euro Pacific and look up Andrew Schiff. It is not the same person clearly.
There is some pretty funny stuff going around about Peter, Most of it however simply is not true. Do a little more research.
Motherfucker. I get up in the middle of the night to see this shit!?
ReplyDeleteLets lay it to rest. The Andrew Schiff married to Karenna Gore Schiff is NOT Peter Schiff's brother. I have no doubt that the Schiff that married gore's daughter is an elitist mfer, however they are not one and the same. For your consideration:
http://www.zimbio.com/pictures/6scEfbk-8SO/Wildlife+Conservation+Society+Safari+India/9l3P_V4dnhD/Karenna+Gore+Schiff
Pics from some event. Take a look at the dude.
http://www.youtube.com/watch?v=6HFTutq3nh8
Andrew Schiff (Peter's brother) on Crosstalk.
Do a little bit of fucking homework Malcolm. Can the pizza guy go back to sleep now? LOL
On July 12, 1997 she married Andrew Newman Schiff,[1] a doctor, in Washington D.C.[5][6] Andrew is a descendant of Jacob Schiff. They have three children together: Wyatt Gore Schiff, (born July 4, 1999 in New York City)[7] Anna Hunger Schiff, (born August 23, 2001 in New York City)[8] and Oscar Aitcheson Schiff (born in 2006).[9][10] As of June 9, 2010, she and husband Andrew are separated.[11]
ReplyDeleteStrait out of wikipedia
How the hell can the USD being going up and metals be going down in this environment? If metals don't move now, when the hell will they? This is insanity. Does anyone else feel like up is down, left is right, right is wrong?
ReplyDeleteYou may be right about linage.
ReplyDeleteJuly 28, 2011 2:37 AM Nuff Said!
Guys, can we please move on. Don't we have more important stuff to talk about?
ReplyDelete