Posted on 10/24/2010 7:55:17 PM PDT by Lorianne
Looks like a good time to buy gold. Again.
But make sure you get it in cold hard currency, in your hand, and not just paper documents.
I guess when Democrats give trillions of dollars away to a bunch of uber rich wall street banker types in hopes that it will eventually reach people down on main street it isn’t that bad old “trickle down economics”, it’s just good old QE.
They're massive.
The tea party really needs to get back to these issues. They should be planning on putting a stop to the fed’s destructive policies that are solely designed to bail out there banker buddies.
Actually, He will carry out His plan regardless of what mankind does or doesn’t do. However, you are right to say that His followers are commanded to pray and stand. And, I take great solace in knowing that He will “help us” - according to His will.
How will this affect you?
Here We Go Again..... Dollar Debasement
Goldman came out with a report basically demanding (you know how these guys are) $4 trillion in money printing - so says the FX chatter and Zerohedge.
The result? The dollar took an instant header, down more than a 1/2% this evening alone.
How about the price of some of the things sensitive to threats of monetary debasement? These are all price changes since the futures started trading this evening - that is, they’re six hour changes in price. These are all things you need to buy, either directly or indirectly.
Oil, up 1%.
Wheat, up 1.49%.
Corn, up 2.05%. (Oh yeah, and ethanol on your gas will soon be mandated to be 15%, not 10%.)
Soy, up 1.5%.
Rough Rice, up 1.51%.
Oats, up a stunning 4.27% (!)
Cotton is lock-limit up 500 ticks. To be fair there’s a crop disruption related to Cotton, which is adding to the problem. Dollar debasement, of course, isn’t helping.
Remember, these are all soft commodities we produce right here at home. These aren’t import prices, they’re home-grown products (excepting oil, of course.)
And they’re moving - at anywhere from double to eight times the devaluation in the dollar.
Continue
http://market-ticker.org/akcs-www?post=170185
More crony capitalism on display. The TBTF Wall St. banks and firms get first mover advantage when the FED doles out the zero percent funny money to them. They get to spend those newly-created-out-of-thin air ones and zeros on real things like stocks, commodities, real estate, etc. This gives them tremendous advantage in maximizing their profits as everyone else gets to follow the TBTF leaders on spending this new money.
GS whining for more dough must mean they can’t keep the ponzi scheme economic system propped up with their current funding. If the entire FED system was actually audited it would shock the public on how they run this scam while burdening future taxpayers down to cover their bad bets.
Goldman Sachs Is The Gay-Friendliest Bank On Wall Street
http://www.freerepublic.com/focus/f-news/2608131/posts
"What it basically means is: to change the perception of reality of every American that despite of the abundance of information no one is able to come to sensible conclusions in the interest of defending themselves, their families, their community, and their country.It's a great brainwashing process which goes very slow and is divided into four basic stages.The first stage being "demoralization"..."---KGB Defector Yuri Bezmenov
And the stock market roars its approval... reminding me once again that the market can stay irrational longer than investors can stay solvent.
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