Schlagwort-Archive: broken

It does not make sense

to read the comments on price development at least for Gold. I tend to day it does not make sense at all to expect anything of worth from stock „experts“.

Can one talk about a down for gold if it’s moving just 0.5%? Well I think no. And what’s worse, this opinions must make your head spin. Ask yourself has anything changed
the last two days which really can have any big influence of the prices?

Well Greece will get more money, money that we don’t have and if the states want to give it away they just can do on one way. More debts. So again we see some new bonds in any form
and well these bonds may get bought. At least not from me but that’s unimportant. Some banks probably will add some „risk-free“ bonds of states to their bad debts of states. We have not heard of a bigger QE or the like and so not much has changed really. And indeed the prices just floats around a bit. That’s it.

And still you can read „cut back“ for gold, the other day it’s gold on the raise and the explanations are not even a thing worth laughing. So just ignore it and ask yourself a few question. Do you think money printing does matter? Do you think the debt crisis was solved at least a bit? Do you expect the states doing something or nothing. That are the base questions.

I for my part have answered the questions this way. Money printing does matter it inflates the money base and will lead sooner or later to devaluation of the currencies. So if you want to save your money somehow you probably are not doing much wrong with some precious metals. It was nothing solved also. The debts are still raised and the stupidity of believing one could fill one while digged by debt with other debt is as insane as can be. However what I don’t know will the people consume much less? I’m sure the privates people will I do not expect anything like saving from states. They will raise the taxes for their endless appetite. for money. So will the bankrupt distort the currencies immediately or later? We simply do no know. But we do know Gold will always have some price, it scarce and people know that gold is money. So still some precious metals are a good idea. Now will states stop interventions? No they will not, they will extend the „control“ (well as I wrote yesterday or so, this is just the imagination of control, states can not control much theses days) The sheer amount of debts is devastating. So what will happen I can not imagine a sane approach. So I just think the money printing will get on and so I’m back to „the case for gold“.

I’m quite sure they will consider making private gold holdings illegal again. But don’t think this will happen world-wide and still in this case I have at least some „confidence“ that the highest courts will rule out the expropriation. That may just be wishful thinking but it’s the only chance we have. So having gold in your own country and abroad is proably one of the better and more intelligent things to do and have. And if you see it that way there is no excuse not having at least some gold. I have take my share of it, and I speculate that I’m right on this. Well I base my confidence on the work of the economists of the austrian school. And I think this is the safest bet you can have. Nobody else has pointed out the maniac behavior of the states and all they told and written has come true. That’s now true for more than 100 years, and as long as man has to do economics, this will not change. Yes agreed they are not explicit pro Gold but they do know Gold has worked as money and there’s not reason that is should not in the future… So do you want money? Take gold or other precious or not so precious metals.

Just give it a name

the disaster can be subsumed under one small sentence.

The problems are there because of the monopolies of states. In this case the monopoly of currencies.

The FED , ECB etc, do just get their position because the state sanctioned it. It’s very easy. Just the Dollar or Euro are the lawfu payment items.
And so there is not market just the big wanter „state“.

The also do nothing against the defraud that banks do lend demand deposits. And so you just whisper bank-run and they get near a heart stroke. This system
is perverted. It does safe defrauders and punishes honest men. And that is called „fair“. It’s obviously just „fair“ for those being favored by states. And the state
does do everything to get more and more supporters with bribe.

Give us our money back and we’ll recover. Do more of you interventions and we crash and „recover“ therefafter. The first would be the right way but the
Deledefs of alll states, parties will not go that way, it does not suite there „idea“ of „fairness“. They are suckers and hell I will name them as such.

dead reace (was debt race)

Well I hardly could believe that:
http://www.spiegel.de/flash/flash-25145.html

It’s about the not covered expenses in the different states.
Now I was thinkin California was „bad“. Well it is but there are worse states. Nevada has a deficit of 45.x % that means for every dollar they spend they have to
get a credit from 45 ct. This is impossible to bear for anyone… But togehter the picute is even more dire. More than half of the states have a deficit beyond 10%.

10% deficit means withing 7 years you double your debts. This is unbearable. And so one has to conclude. The US is broken. They are acting as „super power“ but well if the
machines all destroyed in war. They can not even buy them anew.

Those having read this blog know what I think of debt. Debt is evil and it’s even worse for governments because they take everyone of us as hostages. Even if the Land is bankrupt, the bureaucrats will find a way to suck up everything they can get from their „citizens“. All in the name that the „state“ does know better. Well there lies, statistics and deledefs speak. You just have to keep in mind double-speak is „politicians“ land. The name it political-correct or whatever but it means they lie, and lie again and if that does not work they put out their guns and ask „kindly“ for you money. Well there’s still one more efficient things taxes. And so they name their thefts „tax“ and taxes are „ok“ and because they are ok they can get it by whatever means they find.