Oldtent Archives 2007 - 2008

Another’s comments that I would urge every gold follower to read. As you know, if you have read them, they were written in 97-98. The comment I continue to focus on is the following…

“If the CB’s don’t expand their roll as the primary suppliers, LBMA will implode and in the process create the greatest bull market in oil and gold the world has ever seen.” Well, what happened in 1999??????????????

The Washington Agreement.

Another mentions the Swiss and how the market views their selling as bearish. He says it is an illusion. The Swiss could sell all their gold in one fell swoop and the market would explode in price. The continual long term selling is purposeful, it is to buy the CBs time and give the appearance that they can crush the market.

As I stated earlier, I find it very coincidental that oil goes vertical as the pace of physical sales from the CBs falls dramatically. Interesting times.

BTW, the end game according to Another is a complete disaster and only physical will save you.

Looks like i got more phone calls tomorrow with these folks. I was hoping i was done. Thanks CT

your guess is as good as any.. walter williams gives his view of the hyperinflation then deflation with a rathe lengthy proposition ..PHD in economics and such,,

some one should take his explanation,, do a side by side and show where he is all wet.

as does chapman .. and others

then on the other side other view points ..many with a hazy view point of the macro austrian view ..

little snippits of micro .. TA . and vignettes … inflation raging away.. and costs going up.. and many come forth and see only deflation..

so far the fed has monitized ,, bear sterns , morgan has been a benefactor in their largess the LTM thing a few years ago. stuff we havn’t seen with roll over dough .. that will be rolled over ad infinitum …. when they run out of assets on their own balance sheet.. and the political postering starts ,, i think we see ramping up of paper presses,,

the rock bank is out of the news and the government monitized that into the public purse ..

m3 some say is not a good indication.. i say it is too good an indication, thats why they try and hide it,

the pilitcos want 350 billion to dent the housing thing.

i just think that inflation will be the game ..thats been the game for 100 years as the dollar shrinks paying back in deflated dollars ,,

the fed jaw boning on the head of an ass, and covering the bets made by the banks, certain insider institutions ,,

some time in the near future governments will be buying the gold .. .. instituting some sort of backed by something paper ..

this will spike the gold past 1600.. and even higher ,, as china, india, russia , other s join in to see whos dinnero gets the most bang for the $ and the real shortage of gold appears as real money.. along with silver ..

what do you think.. like to hear your thought s you have a pretty clear thinking process ..

Yep, Wachovia … the new owner of one of my Bonkerages is on that list, as is a checking acct bank, and a 3rd. I’m shorting another on that list.

About sending members an e-mail, from what I’ve seen so far, it’s not possible. Unless one has their address from a different venue. Soee or someone……is there a way to contact Tentsters ??
Didn’t see any references on the L R H side …..

>>>I think it was Ike that posted 32 Banks about to fail w/list and he had accounts with some of them. Well i am now just sitting down with a file to read from our friends . Wachovia is in the middle , and my alert went up and sure enough it’s on this 32 list of banks about to fail. If this is the middle bank this could mean we are dead before we can start. Can anyone offer something on or off line ? CT

… I’m kind of taken aback by this guy and didn’t even want to listen to him ever again; In the end I did as I feel he’s perfectly sane, colloquial and very misleading and just should be employed by another group down south in a place lower Manhattan and not by one of the globe largest  PM dealers.

Anyway, I came away quite sobered by the surprisingly well thought out arguments of yesteryears realities he’s bringing forward and still thinks we’re living in a linear world. Well here’s is his latest interview:

http://www.howestreet.com/audiovideo/index.php?pl=/fbn/index.php/mediaplayer/285

By coincidence have had an “argument” with an 87 year old neighbor, one of the few survivors of Stalingrad and I really enjoy the old man’s company, though the US, the $ and  its democracy, liberty and free enterprise are sacrosanct; No  way to make any inroads on times are a’changin’ - Well, old beliefs of old men - like me - are hard to uproot.

Maybe that’s still upholding the hegemonial power of a US $ Reserve currency and as I would add “Fiat Charade”! frr

The shadowstats article only deals with inflation in consumer prices, and excludes asset ‘flation from its consideration.  My query is whether the Fed can stop debt default as a result of falling asset prices, for debt default is monetary deflation, as money is removed from the system.  I suppose really my question is whether the Fed will stop the debt default, as it appears to be within their power to simply monetize the debt away.  Then the hyperinflation will be here, the USD will achieve parity with the Zim$ and all paper will be burning.

We also need to see wage inflation rising, so that people will have money to continue to push prices up.  Otherwise we will see a stagnant economy, where all non-essential spending will be cut and people will spend only on food, clothes, etc.  It is difficult to see much in the way of wage inflation occuring when the govt. is sticking stubbornly to its 3% or 4% rate.  There is no leverage there to justify big pay increases.

On that point, where is all the M3 going?  It isn’t going into wages.  Nor growth.  Or paying off interest.  Or asset appreciation. 

Bob Chapman says “We are on the verge of another major blow to financial markets, another step on the way to a total systemic breakdown that will lead to a severe and unprecedented hyperinflationary recession, and then a deflationary depression” but why? Surely a systemic breakdown would be deflationary, unless the Fed monetize, in which case the system hasn’t broken down?

11. Why do some photographs show a yellow stream of molten metal pouring down the side of WTC2

Winedoc

The U.S. Supreme Court today did not release its long-awaited ruling on whether the District’s handgun ban violates the Second Amendment. That means the potentially landmark decision will almost certainly come tomorrow morning when the court is planning to issue the last of its rulings for the term. The case, District of Columbia v. Heller, which was argued nearly four months ago, could settle the decades-old debate over whether the Second Amendment grants individuals the right to own firearms.

Mayor Adrain M. Fenty is planning to hold a news conference at the John A. Wilson Building after the decision is announced.

from WashingtonPost.com

~ ~ ~ ~ ~

JBI

I haven’t the time to read them at the moment, I’ll get back to you later.

put your thinking around these ,, then tell us what you think lol

www.shadowstats.com/article/292

scrolldown to money supply growth

www.investmenttools.com/thefed/federal_reserve_monetary_base.htm

news.goldseek.com/InternationalForecaster/1214415236.php

This transpires as M3 continues to ride high at 17%. Excuse us if we seem a bit skeptical that these miniscule rate hikes would do the slightest bit of good to quell inflation

I can’t believe this “agency” (prolly controlled by a bunch of gov’t lowlifes) puts out this total crap.  I’m still sticking to my conspiracy theories no matter what the facts really are — ’cause I like paranoia.   Let’s make a solid list of ”what about…?” to keep those agency lowlifes (aka TPTB or ‘they’) busy and continue the uncovering of the actual truth.  I figure at least 100 maybe more people colluded on this one and surely the true facts & concrete physical evidence will emerge shortly - unless they were all knocked off by now.    Don’t confuse me with the facts please.

 http://wtc.nist.gov/pubs/factsheets/faqs_8_2006.htm

I think it was Ike that posted 32 Banks about to fail w/list and he had accounts with some of them. Well i am now just sitting down with a file to read from our friends . Wachovia is in the middle , and my alert went up and sure enough it’s on this 32 list of banks about to fail. If this is the middle bank this could mean we are dead before we can start. Can anyone offer something on or off line ? CT

I’m not trying to be difficult; all I’m trying to do is get my head around this stuff myself.

You say “as the fed has increased money supply 12-15 percent” can you tell me where you get that from. North insists that it’s around 1 or 2 %. The M3 has probably increased by that amount or more but by my understanding of how ‘money’ is created it’s the banks with their 10x multiplier that are the greatest inflators. We all know that statistics are past tense and you would have to agree as Sabregold has been saying that the banks are not lending.

If the fed is intent on monetizing debt why are they lending 10 year treasuries instead of just cranking up the printing presses and adding a few zeros to all those digital accounts?

Don’t be blind to other opportunitys in the mean time. The economy is emploding upon itself. Only thing left you may have of value is your gold and sliver a few yrs from now.

  All the Feed can do now is yap the dollar up. Gold held $880, even more impressive silver bounced off $16.50 yet again. HUI weekly looks pretty good and the leaders are leading NEM especially (just like the early days).

   The stars are in aligning, I can even understand half of what ment is saying. It is time for a run to the upside - a good long one.

   Anyone happen to notice the XLF rolled over yet again? They must inflate or die, but in the end they die anyway. The only survivors will be us with gold along with Chapman’s illumnists.