Oldtent Archives 2007 - 2008

……The Cretins hacked us just before the Fed Announcement of ZERO Interest Rates….!

…….didnt want us to celebrate !

……..Vermin !

Thats good to keep the info up front and center even for us on the tent.
I am so glad Aguila is bringing down the shortwave set with him in Jan. most of the equipment is there already…..We must never never have a total communication breakdown….once I get my head out of my you know what on a couple issues I am going to become a pest about radio hook ups….

JUST IN … OK, here’s the latest on the coming JP Morgan blow up.

The information I sent your way yesterday was re-confirmed today. The lack of trust in the financial world over counterparty risk is “accelerating.” This is forcing “remaining contracts” of all kinds, especially in the Over The Counter markets, to be “settled.”

What is stressed to me is that it is a “currency” problem … so I did my best to nail that down. It has to do with the dollar, US interest rates, AND gold and silver, which represent a SUBSTANTIAL part of the JP Morgan derivatives book … and it is TRILLIONS and TRILLIONS … the magnitude of the problem is that large.

JP Morgan, the Fed’s bank supposedly can’t handle it, so the US Government is stepping in … and the only way the Fed can handle the GROWING problem, is to PRINT money. BUT, they can’t PRINT the money fast enough.

And yes … this a major reason why the dollar is suddenly falling apart. If I, WE, know … much of the BIG MONEY has to know and they are dumping dollars as fast as they can, ergo the dollar is TANKING, and will continue to tank.

The Madoff mess, and $50 billion catastrophic loss, could not come at a worse time for the US Government and JP Morgan. Our government knows they CANNOT let Morgan fail and they are going all out to prevent that from happening. However, the Madoff scandal, and loss of capital, has those fearful of counterparty risk problems accelerating their exit from dealings with Morgan and other US institutions, in which they have dollar based, counterparty contracts. It is so bad that word to me is that the US cannot “waste time” on the relatively insignificant Madoff “disintermediation” nightmare, the JP Morgan problem is so MONSTROUS … because disintermediation is spreading like a horrible, malignant cancer and the numbers are mounting daily.

So, what are we left with? Bernanke’s helicopter drill is NOW in effect. The problem is Bernanke needs B-47’s or some gorilla plane like that. We have talked about this sort of scenario in MIDAS for some time. Well, we are here for sure and it is in play (Bill H and others have been all over this).

What will be critical for JP Morgan to stay afloat is for the Fed to be able to print money fast enough to meet the demand of those closing out contracts with Morgan.

The bottom line: HYPERINFLATION is upon us, or the eve of hyperinflation is.

As far as I know, no one else out there is delving into the JP Morgan mess. The insiders are trying to keep this horror show as quiet as possible.

One more thing, I asked my source about “settling” in regards to gold and silver contracts. Let the shorts cover I said. To cover anywhere near here, after THEY forced the prices down and caused billions of dollars of spec losses, would be more than just a travesty of justice, It would open the potential for hundreds of billions of lawsuits for what would be clear cut fraud by the concentrated shorts who took the market down the past many months. It is one thing to have gold go $1500 bid overnight (or in a few weeks) and silver go $30 bid, and then declare a force majeure (unable to deliver for unforeseen reasons) after letting the free markets play out until there is a legitimate reason WHY something HAS be done. It is another to force settlement of gold and silver contracts in what Dennis Gartman calls a BEAR MARKET!

Now, I am not saying that this gold/silver settle scenario is in the cards at this point in time, so don’t go running to the CFTC, and others, and raise a ruckus, it is just something to be aware of. In the meantime, it seems to me that owning as much gold, silver and the shares is the way to go. That’s where my head is.

This short 45 min viedo may be worth copying or sending to the ‘unwashed.’

Griffin and his short video

video.google.com/videoplay?docid=6507136891691870450

And if the link is dead, I guess I’ll try some of the above listed stuff to maybe make it a ‘good link.’

 Although some of the juniors have yet to really get started. I guess that will come later.

….will keep open mind….more later…best FGC

..agree this is a precious resource….especially NOW !

The Tent runs on an Apple server.

No just kidding — it’s all Linux based…not MS. 

WordPress is open source.

Alamos Gold

I took the downtime to stay on the phone today…Hope the site doesn’t go down anymore cause I got myself in lots and lots of heated water today with me big mouth…but it’s ok cause everytime I got in real hot water I gave soee’s name and Wankas phone number

It seems to me also that in order for this to be a healthy run in the pms shares……a little consolidation and back filling would improve the chances of a meaningful advance.

About Goldtent going down……and maybe this needs directed at Admin…….do we need to help monetarily to improve the site? As time advances, it’s easy to see Goldtent is a very important destination for many…….and likely to grow substantially in the future given the outstanding prospects for gold and silver investments. At some point we may have to step up to the plate as this place continues to expand. I truly think the importance of this place cannot be overstated.

All the best.——–aggie.

Wordpress isn’t own by Microsoft is it?

I have just got home after a big day of shopping.  It’s nice to see that the site is working again.

I keep on expecting them to bop the POG.  Maybe they have other things on their minds now.

Dinner to get for the family now.