InternationalRockSuperstar

try "limitless" for size.

see my initial response to point [1] he is printing. please focus on arguments rather than people. they'll be doing neither, actually. J6P will be utterly destitute by the time this is all over. why would the end of the financial economy cause prices to collapse? liquidation, like debt repayment, is simply a transfer of money from debtors to creditors. it is a change in ownership; not a change in supply. forced liquidation does not affect the supply of dollars. the dollar strength seen in 2008 had f*** all to do with your liquidation and everything to do with foreign central banks propping the dollar up with $1.4 TRILLION in currency swaps: $0.5 trillion at this point, but still a good watch: From: if liquidation caused dollar strength then there would have been no need for foreign gov'ts to save the dollar like this. er no, given the historical track record of gov'ts! they don't have enough gold to back all their promises - so what you're suggesting would first require sovereign default - see my respond to point [11] PS the IMF already introduced a gold-backed curremcy in 1967 - it had its gold-backing removed only four years later though!

oh joy. labeling each of your points from [1] to [11]... clearly there are no such laws in place given the recent actions of developed countries. I'm not even sure what you're referring to. perhaps you are referring to the Federal debt limit which seems to get raised everytime it's about to be breached [linky] this is incorrect, given that the Fed was monetizing 47% of the debt back in June/July [linky] and given the continuing collapse in feredral tax receipts [linky] you can bet your arse that monetization rates are only going to increase. the UK gov't is up to similar sh1t [linky] here you say that the debt bubble is contracting, yet in only the previous sentence (coloured in green) you say it is expanding! clearly you are contradicting yourself and it is not possible for me to formulate an appropriate response to this part of your post until I know which one of these two comments of yours is the real Slim Shady. and why would deleveraging be deflationary or even cause prices to fall? it is simply a transfer of money from the debtor to the creditor. no, the CBs are resorting to such desperate monetery policies because tax revenues have collapsed to less than half of what is needed to fund gov't expenditure. again, debt repayments are simply a transfer of money from debtors to creditors. it is a change in ownership; not a change in supply. nope. we are simply too far down the laffer curve for any tax rate hikes to remove from circulation even a fraction of what has already been printed. if they'd begun enforcing fiscal prudence say 10 years ago then maybe.

well it's true that the USD supply has entered hyper-inflation, so of course there is no point in you saying that it hasn't. prices haven't gone hyper yet though, so posters can still debate whether prices will go hyper or not. rather than making personal attacks on posters who say that prices will go hyper; why don't you put forward your arguments as to why you think prices will not go hyper.

agreed, so try including some facts in your posts rather than the usual ad homs, strawman, false dichotomies and strawmen. you talk about 'real facts' and then in the very next sentence post another ad hom. you are attacking the people who predict hyper-inflation, rather than the arguments for hyper-inflation.

well in the real world the US has been balance sheet insolvent for a long time and has this year become cash-flow insolvent. you could start by addressing this point instead of arsing about comparing hyper-inflation to Jesus. isn't it just.

just to clarify, you are expecting gold to fall significantly below its current $US 1161.40 next week?

the fact that Sinclair's a total dickwad doesn't make gold a bad investment though.

well, to be fair, even the Shadow Stats unemployment measure fell today... ...although it is at ~22%

can't believe no-one's posted this yet... http://www.telegraph.co.uk/finance/persona...Cash4Gold..html

your interpretation of my post is correct.

unlikely IMO given that the USD entered hyper-inflation in late June - gold has been making a nice upward curve since then except for 2 major takedowns, both around options expiry day - and it appears that central banks have recently lost their ability to bring about falls on these days.

didn't we have a correction on Friday already?

ta.

is there a GEI thread on that somewhere?

I strongly agree.

I can, given that the USD entered hyper-inflation in June.

f*** me! - $1161 already. 5 years ago a market open like this would put a smile on my face. these days it makes me worry...

http://www.bloomberg.com/apps/news?pid=206...id=aegJu7b9wvWg

hyper-inflation is a symptom of state failure.

nothing has value; people attach value to things. the problem with a gold standard it the same as the problem with all imposed monetary standards. it doesn't matter what you impose as a currency; it is the imposition itself that is the problem. all imposed monetary systems place arbitrary contraints on the money supply that are damaging to economic productivity.

yeah, 'cos Eastasia's so much better than Oceania