Oldtent Archives 2007 - 2008

All who have password problems….either e SOEE or Wanka or FGC at the listed email on the right sidebar or just go to

arch0708.goldtent.net/wp-login.php?action=lostpassword

Richard Russell today says you MUST watch this google vidio about the Fed. I’m listening to it now. It is long, so allow time to watch it.

video.google.com/videoplay?docid=5232639329002339531

thanks FG, that’s what I thought it said, but aren’t they losing the whole point about rate cuts? I’m mean aren’t they there to help spin bad into good? who will know if they have or have not, except the bankers. Everything is falling apart so fast, I think they are changing up the rules as each day passes.

One thing I will state is that Silver has a nice ihs on the daily and a double bottom on a little shorter term..She is ready to take off to a new level … have faith tenters..don’t take yer eye off the back of the net or you will surely hit one off the post…resulting in no red light going on.
Heck take a peek ….gold is ready too

Not sure I totally understand either, but I know the way they did it - the banks get lower rates BUT  the shepple must continue to borrow at the higher rate.  Kinda like the BAILOUT, banks and crooks get bailed out - but no government bailout for those loaded in PM shares!

This is the rut! With his you can dream about nailing something in season. Who knows you may wind up one for two.

But I’m giving you to much credit.

The reality is that you will always be oh for two.

Thank you for the insight into your decision making, and tactics.

I believe you’ve been saying deflation is what is coming and is happening — do you see gold and/or silver going down in dollar value?  Surely not, as you think a bottom is in or near in PM stocks.

Continued dollar strength against most other currencies?

Long dollar, long gold and no gold stocks. It is all there on the thread. Trying to re-write history. Priceless!

Does anyboy still believe that “Moose with his higher US Dollar call”…
-> Posted by PMFEVER catch it if you can @ 20:50 pm on March 16, 2008
……was here for any reason other than to shake people up?
by PMFEVER catch it if you can @ 20:31 pm on February 24, 2008
IMO, nanoseconds only make nickel-flipper trends. All you are seeing is PM investors and potential PM investors wet their pants over the deflationary news that is being run across the television screen as part of the market manipulation theme. If the same investors could see the US Dollar inflation taking place to combat it, they would be falling all over themselves to push the PM stocks much, much higher……..and they will in this 5th wave move. The reality is that the real threat to investors at this time is inflation, not deflation. Inflation is eating up savings at a very high rate as we speak.

Oct 6 03:51 PM US/Eastern
By PAULINE JELINEK and MATTHEW LEE
Associated Press Writer
19 Comments
WASHINGTON (AP) - China has abruptly canceled a series of military and diplomatic contacts with the United States to protest a planned $6.5 billion package of U.S. arms sale to Taiwan, American officials told The Associated Press on Monday.

Beijing has notified the U.S. that it will not go forward with several senior level visits and other cooperative military-to-military plans, said Marine Maj. Stewart Upton, a Defense Department spokesman.

“In response to Friday’s announcement of Taiwan arms sales, the People’s Republic of China canceled or postponed several upcoming military-to-military exchanges,” Upton said, lamenting that “China’s continued politicization of our military relationship results in missed opportunities.”

The Chinese action will not affect the country’s participation with the United States in six-nation talks aimed at getting North Korea to give up its nuclear weapons or its participation in the international effort on Iran’s nuclear program, U.S. officials said.

But it does include the cancellation of an upcoming U.S. visit by a senior Chinese general, other similar trips, several port calls by naval vessels and the indefinite postponement of meetings on stopping the spread of weapons of mass destruction, the officials said.

“It’s an unfortunate step,” said deputy State Department spokesman Robert Wood.

Beijing is furious with the U.S. decision to sell Taiwan the huge $6.5 billion package of advanced weaponry and military items, including guided missiles and attack helicopters. China, which regards Taiwan as a renegade province, says the sale interferes with internal Chinese affairs and harms its national security.

“The Chinese government and the Chinese people strongly oppose and object to the U.S. government’s actions, which harm Chinese interests and Sino-U.S. relations,” its foreign ministry said in a statement Saturday, adding that U.S. diplomats had been summoned to hear a strong protest.

China’s Ambassador to the United States, Zhou Wenzhong, was expected to register a similar protest about the arms sale on Monday with the State Department. A Chinese Embassy spokesman in Washington said it would be “only natural” for the ambassador to lodge the protest.

Upton said the sale does not represent a change in U.S. policy and that Washington is only upholding the provisions of the Taiwan Relations Act under which the U.S. makes available items necessary for Taiwan to maintain a sufficient self defense.

Taiwan relies on U.S. weapons to keep pace with China’s massive arms buildup across the Taiwan Strait. U.S. arms sales to Taiwan are a crucial matter because any dispute between China and Taiwan could ensnare the United States.

Washington is Taiwan’s most important ally and largest arms supplier.

The U.S. Defense Security Cooperation Agency announced Friday that it had notified the U.S. Congress of plans to sell up to $6.5 billion in advanced weaponry to Taiwan. Under procedures for such foreign military sales, the deal would proceed if no lawmaker voices an objection within 30 days of the notification.

Beijing claims Taiwan as its own territory and has threatened to invade should the self-governing island ever formalize its de facto independence

I not sure what they meant there, they can and will lower rates when they want, but not with an official announcement? Huh

From ‘October 5, 2008

‘ Elaine Meinel Supkis

‘ … the G7 central banks conspired to pretend that inflation was low and interest rates should all drop to Japanese levels. After all, the Bank of Japan maliciously and utterly ignores inflation reality when setting rates! Greenspan and Bernanke totally ignore this and the US even fakes inflation data to enable super-cheap lending!

‘ But finally, reality is biting hard. And attempts at faking rates are failing due to two things: the inability of corporations, properties and consumers as well as nations to take on even more debt even at super-low rates and the need to attract savings. Where, oh where has that legendary savings glut’ gone? HAHAHA.

‘ From day one, I said this ‘glut’ was the trade deficit with the US. And when the US couldn’t expand this deficit beyond $700 billion a year, the whole ’savings glut’ business would vanish in a flash even as the US still has an awful large trade deficit. For it has ceased GROWING. Movement is most important when talking about money. Money that ceases to be used rapidly becomes more valuable as it sits and if lending stops, cash is king, but this kills trade. And there are no global savings if trade falters or fails.

‘ So, to attract funds, one has to offer….now get this right, everyone…..A GOOD INTEREST RATE RETURN! In other words, if someone wants money, they better promise payment in return that is good enough to get this money out of hot hands clinging to it. ‘

Audio Link: 

At 4:10 into the audio clip:

Willie:  “I got word in the last 24 hours that the Europeans, Russians, Chinese and Arabs have agreed to a new world currency.”

Korelin:  “Isn’t that interesting.”

Willie:  “Right.”

Korelin:  “OK, in the last what 24 hours?”

Willie:  “24 hours.  That’s what I heard recently and it’s going to be based on a basket and the Dollar and the British Pound are not included.  So, those currencies are going to be largely teethered to gold and there’s going to be a new Russian gold-back Rouble and a new Arab Gulf Dinar.  You cannot have a global finance system with a world, with a world reserve currency  based on a debt system.”

Korelin:  “No you cant Jim, I agree with you a thousand.”

Willie:  “Or an indebted economy.”

Korelin:  “I agree, I agree with that.  OK so you are saying basically that the Russian’s etc are going to introduce a new currency that is actually asset based … is that correct?”

Willie:  “Gold based yes.”

Korelin:  “100 percent gold based?”

Willie:  “Well this is going to be a basket and don’t even be suprised to see something for instance like the Euro being split in two.”

Korelin:  “OK.”

Willie:  “The main Euro which could be gold-backed and a Latin Euro which will be trashed.”

Korelin:  “OK.”

Willie:  “Spain, Italy.”

Korelin:  “What’s the point of having two Euro’s?  What’s the point of not just having a Euro based on an asset such as gold?”

Willie:  “What they want to do is carve off the garbage which is Spain, Italy, Portugal, Greece - the garbage, and the garbage is basically those nations that followed the United States’s lead basically building an economy based on a housing bubble and now their banking systems are utterly destroyed.  Unfortunately, Ireland is included in that.  I call it the death of the Anglosphere and I believe the exceptions might be Canada and Australia.”

Korelin:  “Give me a timeframe.”

Willie:  “There is no timeframe but if you can look at the sea, pace of events, there is one thing that sticks out and hits you in the face every week - acceleration.”  Every week there is a big new suprise, every week there is a new disaster, every week there is a new panic and a new decision that must be made.  You have to ask the question, who is calling the shots here?  Who is forcing decisions?  The answer is the Bank for International Settlements (BIS) which has had enough of the United States.”

Interview continues.

This is a major story and needs further investigation.  The ramifications will be profound if implemented and the US Dollar loses its global reserve status.  It is one thing for governments to screw their own populace, it is another thing to screw other governments.  Payback time. 

ca-pit-u-la-tion (noun):

1) The act of capitulating, or to surrender unconditionally.

2) To give up resistence.

So you say you wanna be a trader, eh? As we edge through this process of price discovery–the same one we’ve been warning about for months–the here is now in terms of capitulatory process. Remember Minyans, capitulation is when nobody wants to talk about it anymore. It’s when you poo in your pants (a.k.a the ”diaper effect”). It’s when you don’t care where you sell stock–you just want to GET THE HECK OUT!

I’m not smart enough to know how long this particular process persists but I’m seasoned enough to smell fear. It’s here, baby, and it’s everywhere.

http://www.minyanville.com/articles/index/a/19346/from/yahoo

http://finance.yahoo.com/intlindices?e=asia