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of one mine
13th September 2009, 02:44
my question is where will the best place to be finanacially when this happens all over again?-silver.

Yes, Americans want another bull, another bubble, even another meltdown. Guess what? It's already here, folks. The next big market-economic-business cycle has arrived ahead of schedule. This is what makes us America. We love challenges, risk-takers and winners. The nobody who suddenly becomes a big somebody is the biggest of all TV metaphors for who we are.


America's got talent. Where else can you see The Hoff screaming "You got talent!" to Grandma Lee (http://www.bing.com/search?q=grandma-lee+got+talent&form=MSMONY), a craggy 75-year old comedian? Or Piers rooting for a bunch of half-time acrobats back-flipping off trampolines? Or Sharon Osbourne cheering for Kevin Skinner (http://www.bing.com/search?q=kevin+skinner+got+talent&form=msmony), an unemployed chicken catcher who looked like a hobo but wowed us with a voice like Randy Travis. New, bigger bubble -- and a meltdown ahead

Yes, folks, a new bubble cycle is already in motion. You can feel the energy building, the kind that fueled the meltdowns of 1998, 2000 and 2007. We never resolved the problems fueling the dot-com insanity. We made matters worse feeding the subprime credit-derivatives disaster with cheap money, Reaganomics ideology and two costly wars. Lessons were never learned, and nothing was resolved. Today matters continue deteriorating.

Behind the hoopla, the Wall Street conspiracy has dumped $23.7 trillion in new bailout debt on taxpayers. The bill will come due. But for now, we're getting their wish: A new bubble is accelerating, thanks to America's "too-greedy-to-fail" Wall Street banks.
Folks, you can bet on it, sure as Regis is hosting "Who Wants to be a Millionaire?" The bull, a bubble and another meltdown are virtually certain and accelerating faster than earlier cycles, coming by 2012. How to profit? Ride it up for a couple years, then pray you'll have enough brain left to bail out in time before the crash (most don't) because at that point the euphoria is blinding, like a cocaine addiction.

Facebook users: Become a fan of MSN Money (http://www.facebook.com/pages/Money/71394952964?ref=ts)Want more proof of inevitability? Here are some visionaries who aren't working for Wall Street's hype machine: Michael Lewis, a former Wall Street trader and the author of "Panic: The Story of Modern Financial Insanity (http://www.bing.com/shopping/The-Story-of-Modern-Financial-Insanity/search?q=Panic%3a%20The%20Story%20of%20Modern%20Fi nancial%20Insanity&p1=%5bCommerceService%20scenario%3d%22o%22%20docid %3d%223AA7621E45A7164A9CD1%22%5d&wf=Commerce&FORM=MSNMON)," recently told Newsweek: "There's a false sense that it's over, that the crisis is passed." The bailouts have merely postponed the inevitable. "We are in for another day of reckoning down the road."
http://moneycentral.msn.com/content/data/images/Charts/video_play.gif Could there be another housing bubble? (http://articles.moneycentral.msn.com/video/default-ap.aspx?cp-documentid=cd44df89-22ef-4495-a4fd-0ac23d9a0a11)

The next one will be bigger, "badder," a real demolition derby. Several months ago, in a Vanity Fair article, "Wall Street Lays Another Egg (http://www.vanityfair.com/politics/features/2008/12/banks200812)," Harvard financial historian Niall Ferguson sounded more like a shrink: "Markets are mirrors of the human psyche." Like individuals "they can become depressed . . . even suffer complete breakdowns." The five stages of a bubble popping

In the 400-year history of stock markets "there has been a long succession of financial bubbles," Ferguson says. "Time and again, asset prices have soared to unsustainable heights only to crash downward again." It's an all-too-familiar cycle, in fact, so familiar is this pattern -- as described by the economic historian Charles Kindleberger (http://www.bing.com/search?q=economic+historian+Charles+Kindleberger&form=MSMONY) -- that it is possible to distill it into five stages:

Displacement: "Some change in economic circumstances creates new and profitable opportunities." Last year's historic bailout, election, new ideology.
Euphoria or overtrading: "A feedback process sets in whereby expectation of rising profits leads to rapid growth in asset prices." Goldman is proof.
Mania and bubble: Prospects of "easy capital gains attract first-time investors and swindlers eager to mulct them of their money." More bubbles: 2010-2011.
Distress: "Insiders discern that profits cannot possibly justify the now exorbitant price of the assets and begin to take profits." Wall Street replays 2007-2008.
Revulsion or discredit: "Asset prices fall, the outsiders stampede for the exits, causing the bubble to burst." Yes, 2008's brutal meltdown repeats in 2012.Continued: The culprit? The Fed (http://articles.moneycentral.msn.com/Investing/Extra/New-bull-new-bubble-new-meltdown.aspx?page=2)
New bull, new bubble, new meltdown?

Continued from page 1

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The culprit? The Fed, Ferguson says: "Without easy credit creation a true bubble cannot occur. That is why so many bubbles have their origins in the sins of omission and commission of central banks." So the next bubble (and meltdown) is virtually certain, thanks to Washington's $23.7 trillion explosion in debt. Revolution coming with next meltdown

Americans are not going to put up with the "Wall Street Conspiracy" ripping off investors and taxpayers much longer. Wall Street got rich sticking us with mountains of debt for generations to come. Expect a major house-cleaning, a second American Revolution. We predicted the "Great Depressionhttp://images.intellitxt.com/ast/adTypes/2.gif (http://articles.moneycentral.msn.com/Investing/Extra/New-bull-new-bubble-new-meltdown.aspx?page=2#) 2" around 2012. (Read "6 keys to investing for doomsday (http://articles.moneycentral.msn.com/Investing/Extra/6-keys-to-investing-for-doomsday.aspx).")Well, we doubt taxpayers will passively sit one more time, like in the 1930s, in 2000, and the past few years. Next time voters will take a page from the history books about past revolutions in the American Colonies, France and Russia. A perfect storm will erupt in a massive global credit meltdown, bringing down Wall Street and the clandestine $670 trillion shadow central banking system.

And the collateral damage will be massive and widespread, in areas such as these:

Lobbyists' power becomes lethal to our values. Special interests running and destroying American democracy will self-destruct.
Derivatives: Cap 'n trade will crash worse than subprime. The "Goldman Conspiracyhttp://images.intellitxt.com/ast/adTypes/2.gif (http://articles.moneycentral.msn.com/Investing/Extra/New-bull-new-bubble-new-meltdown.aspx?page=2#)" is spending millions lobbying for trillion-dollar derivatives.
"Too-greedy-to-fail" big banks will trigger harsh backlash. Banks pay huge bonuses yet modify only 9% of 4 million stressed home loans.
America's wealth gap will trigger grass-roots rebellion. Wall Street'shttp://images.intellitxt.com/ast/adTypes/2.gif (http://articles.moneycentral.msn.com/Investing/Extra/New-bull-new-bubble-new-meltdown.aspx?page=2#) greed is so pervasive, gluttonous and obvious, the rest will rebel.
The Goldman Conspiracy will be a target for retribution. Goldman's hubris is most egregious and flagrant. Its arrogance will backfire.
A wave of creative destruction will revive commercial banking. Investment bankers will kill commercial banking, and Glass-Steagall (http://www.bing.com/search?q=glass-steagall&form=MSMONY) will return.
Secrecy protecting Wall Street's unethical behavior will end. Wall Street's control over Washington's lawmaking will come to an end.
The Fed's shadow banking will collapse under excess debt. Central bank balance sheets will be overdrawn, feeding the new bubble with cheap money.
A "Black Swan (http://www.bing.com/search?q=financial-theory+black+swan&form=MSMONY)" of huge unintended consequences. The next bubble will be highly unpredictable, with huge collateral damage on Wall Street.Make the most of this new bull. Then get out -- before you're the collateral damage.

DaleFromCalgary
13th September 2009, 09:10
"Americans are not going to put up with the "Wall Street Conspiracy" ripping off investors and taxpayers much longer."

The sheeple will do nothing. They did nothing in the 1980s during the bailout of savings & loans banks, which adjusted for inflation was about the same size of bailout. They did nothing last winter when the TARP money went into the pockets of banksters. The reason is that these events are invisible. People can see $4 gasoline at the pumps but the trillions of bailout money is just something they hear about on the news. The unemployed are too busy scrabbling for survival to discuss what should be done about silver shorting on COMEX if they even know about it in the first instance.

One can only operate on the assumption that things won't change, and you have to plan your financial strategy on the basis that the thieves in the market are out to get you. That is why I started buying physical gold and silver, and why most of you bloggers did as well. As we used to say back on the farm, if you can't climb over the manure pile, then go around it.

silversurfer1
13th September 2009, 09:30
Dale from Calgary you make a good point on this impending tsunami. I attempt to discuss this with people in my neighborhood and the subject quickly changes. And everyone one goes on to watch their sports, sitcoms, drink their drinks, listen to their mindless music and keep their heads buried in the sand. However there was one encouraging thing in that there were some well attended tea party protests over the weekend in major cities.

of one mine
13th September 2009, 12:54
I didnt see anything much in the news about it I heared it on the radio in the morning. Years ago I had some guy tell me to buy silver, it took me a lot of research and with all I had going on in my life at the time. I finally came to my senses. I started buying some years ago I just felt there was something seriously wrong with the housing market. How could a house less than ten years old go up in value more than double the original purchase price? Answer greedy loan sharks selling phoney loans. Im sticking to my silver bullets. Its all we got left and it works for me.
The whole reason I posted this article here was that it gives good reason to hold PM's in spite of the various things going on. With all of what has been done so far you would think they hold a tea party for the things they have already committed.

Many know be ready, Daniel 12: 1-13
of one mine

DaleFromCalgary
13th September 2009, 19:17
Speaking of a bust in 2012, many people are misinterpreting the Mayan calendar; see the link http://en.wikipedia.org/wiki/2012_millenarianism

I predict that in 2012, the price of silver will continue to vary.

DaBrownsRPhat
14th September 2009, 15:18
"Americans are not going to put up with the "Wall Street Conspiracy" ripping off investors and taxpayers much longer."

The sheeple will do nothing. They did nothing in the 1980s during the bailout of savings & loans banks, which adjusted for inflation was about the same size of bailout. They did nothing last winter when the TARP money went into the pockets of banksters. The reason is that these events are invisible. People can see $4 gasoline at the pumps but the trillions of bailout money is just something they hear about on the news. The unemployed are too busy scrabbling for survival to discuss what should be done about silver shorting on COMEX if they even know about it in the first instance.

One can only operate on the assumption that things won't change, and you have to plan your financial strategy on the basis that the thieves in the market are out to get you. That is why I started buying physical gold and silver, and why most of you bloggers did as well. As we used to say back on the farm, if you can't climb over the manure pile, then go around it.

Only 4%-5% of the population was involved in the American Revolution.
It doesn't take much, 16 million or so people to get things moving for the better. ;)