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Gold and silver spiked when Bernanke opened his mouth ...
09-18-2013, 09:43 PM #1
Below Average Genius Member
Posts:1,886 Threads:148 Joined:Apr 2013
Around 2 o'clock Bernanke said the printing of cotton candy money* needs to continue.

Gold and silver went straight up. So did the stock market because that's where the banks put their money since the banks need to stash the money somewhere.

*No cotton candy for you - the money goes to places like JP Morgan and Goldman Sachs because they know what's best for you. What's best for you is for incomes to decline while bank bonuses continue to rise.

Pray for me. hug.gif
09-18-2013, 09:51 PM #2
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,393 Threads:1,439 Joined:Feb 2011
None of this QE has helped anyone but the banks. The policy is pathetic. If they would have just let the banks fail the economy would be back on track by now.
Amazing to watch them do all the wrong things all the time and refuse to stop even though they know it's not working.

wonder.gif
09-18-2013, 10:06 PM #3
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
the pumping will continue..they couldn't start wwiii .....yet. they don't have a clue on really what to do coffeetime.gif at this point

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
09-18-2013, 10:44 PM #4
Below Average Genius Member
Posts:1,886 Threads:148 Joined:Apr 2013
(09-18-2013, 09:51 PM)JayRodney Wrote:  None of this QE has helped anyone but the banks. The policy is pathetic. If they would have just let the banks fail the economy would be back on track by now.
Amazing to watch them do all the wrong things all the time and refuse to stop even though they know it's not working.

The cotton candy money is created to prevent their own hangings. The uninformed person (95%? of the public) will blame the grocery store for the high prices instead of The Bernanke Bank.

If they stop, the end comes quicker, which results in roving bands of pissed off people with ropes.

Pray for me. hug.gif
09-18-2013, 11:29 PM #5
Below Average Genius Member
Posts:1,886 Threads:148 Joined:Apr 2013
Both are still going up. Gold is up about $55 and silver is up about $1.40.

Pray for me. hug.gif
09-18-2013, 11:32 PM #6
Below Average Genius Member
Posts:1,886 Threads:148 Joined:Apr 2013
The dollar is down about $1!! I've never seen such a big drop in the dollar.

Gee what will that do to fuel prices?

So anyone who thinks creating cotton candy money has no effect on your life, go buy some gas. Then go buy something that requires gas to get to the store where you bought it.

Pray for me. hug.gif
09-18-2013, 11:35 PM #7
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
yeah and buy things at the store that have come in by rail and truckdamned.gif

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
09-19-2013, 12:45 AM #8
Below Average Genius Member
Posts:1,886 Threads:148 Joined:Apr 2013
(09-18-2013, 10:06 PM)j browsing Wrote:  the pumping will continue..they couldn't start wwiii .....yet. they don't have a clue on really what to do coffeetime.gif at this point

Don't worry, the terrorists in Syria will give the US a second chance to bomb. They'll fire off yet another chemical canister and point the finger at Assad.

Obama will jump all over it, just like the US media jumped all over a non-existent AR-15 which the Navy Yard killer did NOT have with him to push for a ban on AR-15's.

He had a shotgun. He got at least one handgun from a guard he shot.

He also had an SSRI psych drug in his system - that is the real deadly weapon. It produces hallucinations. No mass killer leaves home without them.

Pray for me. hug.gif
09-19-2013, 05:36 AM #9
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Nonsense BAG, gold spiked 3 minutes before the FOMC Statemnent, stocks bonds and the FX did not. Lucky timing with a finger on the HFT? Yah right.

İmage
09-19-2013, 05:43 AM #10
Below Average Genius Member
Posts:1,886 Threads:148 Joined:Apr 2013
(09-19-2013, 05:36 AM)Shadow Wrote:  Nonsense BAG, gold spiked 3 minutes before the FOMC Statemnent, stocks bonds and the FX did not. Lucky timing with a finger on the HFT? Yah right.

İmage

That's not a spike - it's a bump. It jumped when the insiders made their move and spiked when everyone else found out. The insiders get a wink and a nod. No words pass.

Pray for me. hug.gif
09-19-2013, 05:54 AM #11
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
If $20+ in 3 minutes is a bump, then whats a spike?
09-19-2013, 05:56 AM #12
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(09-19-2013, 05:43 AM)Below Average Genius Wrote:  The insiders get a wink and a nod. No words pass.

Uh. Thanks.
09-19-2013, 07:59 AM #13
Below Average Genius Member
Posts:1,886 Threads:148 Joined:Apr 2013
(09-19-2013, 05:54 AM)Shadow Wrote:  If $20+ in 3 minutes is a bump, then whats a spike?

To tell the difference, first sit on a bump and then sit on a spike. Get the point? chuckle.gif

Pray for me. hug.gif
09-19-2013, 08:51 AM #14
Softy Incognito Anonymous
 
(09-18-2013, 09:51 PM)JayRodney Wrote:  None of this QE has helped anyone but the banks. The policy is pathetic. If they would have just let the banks fail the economy would be back on track by now.
Amazing to watch them do all the wrong things all the time and refuse to stop even though they know it's not working.

This is correct,,,The Depression of 1920 lasted 18 months,,,cause they let

things fail,,,and no one has ever heard of the Depression of 1920,,,

The Great Depression of 1930 lasted 132 months,,,cause they tried to fix it,,,

everyone has heard of the Great Depression,,,Japan's Recession/Depression

has lasted over ten years by printing up more money,,,delaying the reality,,,

the Great Me is not going to do what is necessary because there is golf to be

played,,,and no hard cuts during my administration,,,five years following Japan's

model,,,so,,,at some point it will be worst,,,if the printed up money was used to

actually build some kinda business structure,,,we might stand a chance,,,

but it is used to only buy votes,,,and keep losers in office,,,at some point in time,,,

this will all become apparent,,,and hind sight will be perfect...

(:X
09-19-2013, 10:27 AM #15
Below Average Genius Member
Posts:1,886 Threads:148 Joined:Apr 2013
(09-19-2013, 08:51 AM)Softy Wrote:  
(09-18-2013, 09:51 PM)JayRodney Wrote:  None of this QE has helped anyone but the banks. The policy is pathetic. If they would have just let the banks fail the economy would be back on track by now.
Amazing to watch them do all the wrong things all the time and refuse to stop even though they know it's not working.

This is correct,,,The Depression of 1920 lasted 18 months,,,cause they let

things fail,,,and no one has ever heard of the Depression of 1920,,,

The Great Depression of 1930 lasted 132 months,,,cause they tried to fix it,,,

everyone has heard of the Great Depression,,,Japan's Recession/Depression

has lasted over ten years by printing up more money,,,delaying the reality,,,

the Great Me is not going to do what is necessary because there is golf to be

played,,,and no hard cuts during my administration,,,five years following Japan's

model,,,so,,,at some point it will be worst,,,if the printed up money was used to

actually build some kinda business structure,,,we might stand a chance,,,

but it is used to only buy votes,,,and keep losers in office,,,at some point in time,,,

this will all become apparent,,,and hind sight will be perfect...

(:X

Well said.

The US fall could be harder because the US has relied on its upper hand of being the reserve currency. It gives the US a competitive advantage on most international transactions.

But that status is slip sliding away. More and more, major players like Russia, China, Brazil and India (BRICS) are moving away from the US dollar. The Fed-Rev is being forced to buy the loans for the cotton candy money it creates because these other countries are losing interest in the scheme. The BRICS see the scam for what it is.

There is more profit in the brokerage fees for the US and London for oil than in the oil itself. But take away the reserve currency status, and you've blown a big hole in that profit structure.

Pray for me. hug.gif



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