Buy Appy a Gram

Discussion in 'Jewlag' started by Macrobius, Aug 27, 2011.

  1. apollonian Forum Veteran

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    --ha ha ha ha--says the buffoon moron, mr. puke
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  2. Bluto Drunken lout

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    [IMG]

    Haw haw haw haw haw haw haw
  3. apollonian Forum Veteran

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    The Real Economic Picture


    Source: http://www.activistpost.com/2012/02/real-economic-picture.html


    Paul Craig Roberts
    Activist Post

    If you have any money and you want to understand the lies that “your” government tells you with statistics, subscribe to John Williams shadowstats.com.

    John Williams is the best and utterly truthful statistician that we the people have.

    The charts below come from John Williams Hyperinflation Report, January 25, 2012. The commentary is supplied by me.

    Here is the chart of real average weekly earnings deflated by the US government’s own measure of inflation, which as I pointed out in my recent column, Economics Lesson 1, understates true inflation.



    This chart (below) shows the behavior of inflation as measured by “our” government’s official measure, CPI-U (bottom line) and John Williams measure which uses the official methodology of when I was Assistant Secretary of the US Treasury.



    The gap between the top and bottom lines represents the amount of money that was due to Social Security recipients and others whose income was indexed to inflation that was diverted by the government to wars, police state, and bankers’ bailouts.



    This next chart shows the gains that gold and the Swiss franc have made against the US dollar. The Swiss franc is the top line and gold is the bottom. When gold and the Swiss franc rise, the dollar is falling. Notice that during President Reagan’s first term, when I was in the Treasury, gold and the Swiss franc dropped, that is, the dollar rose in purchasing power. Obviously, the supply-side policy that Reagan implemented strengthened the US dollar. It was only with the advent of the Bush policy of endless trillion dollar wars, reaffirmed by Obama, that the US dollar and economy collapsed relative to gold and hard currencies.

    The recent drop in the Swiss franc is due to the Swiss government announcing that the country’s exports could not tolerate any further run up in the franc’s value, and that the Swiss central bank would print new francs to accommodate future inflows of dollars and euros. In other words, Switzerland was forced to import US inflation in order to protect its exports.



    Here is nonfarm payroll employment. As you can see, the US economy has been in recession for four years despite the easiest monetary policy and largest government deficits in US history.



    Here is consumer confidence. Do you see a recovery despite all the recovery hype from politicians and the financial media?



    Here is housing starts. Do you see a recovery?



    Here is real GDP deflated according to the methodology used when I was in the US Treasury.



    Here is real retail sales deflated by the traditional, as contrasted with the current, substitution-based, measure of inflation.



    These graphs courtesy of John Williams make it completely clear that there is no economic recovery. In place of recovery, we have hype from politicians, Wall Street, and the presstitute media. The “recovery” is no more real than Iraqi “weapons of mass destruction” or Iranian “nukes” or the Obama regime’s phony story of assassinating last year an undefended Osama bin Laden, allegedly the mastermind of Islamic terrorism, left by al Qaeda to the mercy of a US Seal team, a man who was widely reported to have died from renal failure in December 2001, a man who denied any responsibility for 9/11.

    A government and media that will deceive you about simple things such as inflation, unemployment, and GDP growth, will lie to you about everything.

    This article first appeared at Paul Craig Roberts' new website Institute For Political Economy. Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His Internet columns have attracted a worldwide following.
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  4. Mr. Prac ϟϟ ✞ 卐

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    Here is consumer confidence.
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  5. apollonian Forum Veteran

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  6. Mr. Prac ϟϟ ✞ 卐

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    Note crapo's unabashed adoration for Jews again.
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  7. Bluto Drunken lout

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    It ne'er ends wit' dat sticknigger appy, Mister Prac.

    Bah! apollonian :disagree:
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  8. apollonian Forum Veteran

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    The Federal Reserve's Explicit Goal: Devalue The Dollar 33%


    Charles Kadlec, Contributor

    Link: http://www.forbes.com/sites/charles...reserves-explicit-goal-devalue-the-dollar-33/

    The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level.

    An increase in the price level of 2% in any one year is barely noticeable. Under a gold standard, such an increase was uncommon, but not unknown. The difference is that when the dollar was as good as gold, the years of modest inflation would be followed, in time, by declining prices. As a consequence, over longer periods of time, the price level was unchanged. A dollar 20 years hence was still worth a dollar.

    But, an increase of 2% a year over a period of 20 years will lead to a 50% increase in the price level. It will take 150 (2032) dollars to purchase the same basket of goods 100 (2012) dollars can buy today. What will be called the “dollar” in 2032 will be worth one-third less (100/150) than what we call a dollar today.

    The Fed’s zero interest rate policy accentuates the negative consequences of this steady erosion in the dollar’s buying power by imposing a negative return on short-term bonds and bank deposits. In effect, the Fed has announced a course of action that will steal — there is no better word for it — nearly 10 percent of the value of American’s hard earned savings over the next 4 years.


    Why target an annual 2 percent decline in the dollar’s value instead of price stability? Here is the Fed’s answer:

    “The Federal Open Market Committee (FOMC) judges that inflation at the rate of 2 percent (as measured by the annual change in the price index for personal consumption expenditures, or PCE) is most consistent over the longer run with the Federal Reserve’s mandate for price stability and maximum employment. Over time, a higher inflation rate would reduce the public’s ability to make accurate longer-term economic and financial decisions. On the other hand, a lower inflation rate would be associated with an elevated probability of falling into deflation, which means prices and perhaps wages, on average, are falling–a phenomenon associated with very weak economic conditions. Having at least a small level of inflation makes it less likely that the economy will experience harmful deflation if economic conditions weaken. The FOMC implements monetary policy to help maintain an inflation rate of 2 percent over the medium term.”

    In other words, a gradual destruction of the dollar’s value is the best the FOMC can do.

    Here’s why:

    First, the Fed believes that manipulation of interest rates and the value of the dollar can reduce unemployment rates.

    Page 1 2 « Previous PageNext Page »

    [for rest of article, ck link, above]
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  9. Mr. Prac ϟϟ ✞ 卐

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    crapo, who owns no gold, chimps about gold.

    crapo, who is homeless, chimps about the housing crisis.

    crapo, with no money to his name, chimps about banking.

    crapo, with no car, chimps about gas prices.

    crapo, who neither bathes nor consumes non-distilled water, chimps about dirty water.

    crapo, who eats nothing but 7/11 cheese burritos, chimps about genetically modified fruits and vegetables.

    crapo, who doesn't brush, chimps about flouride toothpaste.

    There's some kind of pattern here...
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  10. apollonian Forum Veteran

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    --says the buffoon moron, mr. puke--who doesn't realize he's gonna be poor soon, very soon, sooner than he wants to know
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  11. apollonian Forum Veteran

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    The Deflationary Undertow Before The Inflationary Wave


    Link: http://www.blacklistednews.com/The_...e_The_Inflationary_Wave_/17983/0/0/0/Y/M.html

    February 16, 2012
    By Gonzalo Lira
    BlacklistedNews.com

    War between Israel and Iran now seems inevitable. Leon Panetta claimed that it would be this coming spring—and I see no reason to doubt him.

    How an Israeli-Iranian war will play out—that is, whether it will draw in more geopolitical actors (such as the U.S.), or if it will be a series of limited attacks, counter-attacks, and then stalemate—is impossible to predict. War tends to take on a life of its own.

    But we can predict how it will affect the global markets.

    A very reasonable assumption is that oil supplies, especially to Europe, will be severely curtailed. Aside from the fact that one fifth of the world’s oil production passes through the Straight of Hormuz—ground zero of a war with Iran—the rest of the world and especially Europe depends on Iranian oil. As discussed in the SPG Scenario of this past June (“An Israeli-Iranian War?”), close to 10% of the eurozone’s oil comes from Iran—and the countries most particularly dependent on Iranian oil are precisely those most in trouble right now: The so-called PIIGS.

    So oil prices will inevitably rise. And so—just like 1979, after the overthrow of the Shah of Iran and the subsequent Oil Shock—the world’s economies will experience another likely oil shock which will send up the price of oil, hurting the world economies rather badly—

    —and driving up inflation.

    Dollar inflation and euro inflation is in the offing, in the weeks and months following a war with Iran. The assets that will rise drastically in price will be precious metals, especially silver; agricultural commodities; and oil—obviously. The assets that will collapse in price will be sovereign bonds, corporate bonds, and equities, in that order. In the Scenario, I discussed which countries will hurt the most, so I won’t bother repeating what I wrote there.

    However, notice I say that inflation will rise “in the weeks and month following a war with Iran”: A war with Iran which disrupts oil supplies will—inevitably—lead to an inflationary wave.

    But before that inflationary wave hits—that is, in the days and hours following the beginning of the war—we will experience a deflationary undertow.

    This deflationary undertow will present some interesting opportunities.

    If and when there is a curtailment of Iranian oil due to a war in the region, inflationary expectations and a regular ol’ short-squeeze—paradoxically—would force both the dollar and the euro up, as traders and speculators sell off assets and positions and go to cash in those two currencies, in order to cover their exposure.

    That is, as the markets digest the news of war with Iran and the subsequent disruption of the global oil supply, there would be a rush to cash before a reallocation of capital in the global markets.

    This is the deflationary undertow that we can expect immediately following war breaking out with Iran.

    How severe will this deflationary undertow be? It will depend on how expectant the world markets are.

    The more build-up to the war in the mainstream media, the lesser the deflationary undertow. If a majority of market participants come to the conclusion that war with Iran is inevitable, and thus reallocate their capital before the war, then market panic following the outbreak of hostilities will be at a minimum: Therefore, the less severe and strenuous the reallocation of capital following the beginning of the war. Oil prices would of course go up—but there wouldn’t be a generalized market disruption and panic.

    This, of course, is predicated on their being a steady drum beat to war.

    If a war with Iran is sudden and unexpected, the market reaction would accordingly be more violent—more short-term deflationary.

    As an example of this deflationary undertow, consider the period June–December of 2008, with respect to gold: Gold peaked at $930 on June 30, just before the Global Financial Crisis, only to fall all the way down to just below $730 on September 11, when the financial panic was at its peak. Then gold rose once more to over $900 by September 25—only to collapse to just below $700 on October 11: A yo-yoing of 23% up, and then 22% down, in exactly one month.

    Why such huge swings? Uncertainty.

    There is no question that there will be a deflationary undertow immediately following the start of war with Iran. This would mean a fall in the prices of precious metals and all other commodities (except of course oil), before the markets realized that rises in the price of oil mean widespread inflation of both the dollar and the euro, and thus a rebound and rise in the prices of precious metals.

    The real question is, Will this deflationary undertow before the inflationary wave hits be severe? Or minor? Or barely a blip, before we shoot the inflationary moon?

    It will depend on how prepared market participants are. The more priced-in the expectations of war, the less potent the deflationary undertow.

    So watch the mainstream media, and keep an ear on the zeitgeist. The more mainstream discussion about the inevitability of war, the less the deflationary undertow.

    Keep in mind: I am not arguing that a war with Iran would be deflationary—not at all. War with Iran, and the curtailment of global oil supplies, would be radically inflationary. I am saying that the immediate, near term effect of a war with Iran could potentially be severely deflationary, if global markets are caught flat footed.

    This deflationary spasm of a few days (a couple of weeks at most) before inflationary expectations set in and drive precious metals and commodity prices a lot higher could be the perfect buying opportunity—if you’re prepared.


    This piece is adapted from one that appeared at my Strategic Planning Group, and is part of a longer discussion of a possible Israeli-Iranian war. If you’re interested, check out SPG’s preview page, to see what it’s about.
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  12. Hawthorne Abendsen Number One Epic Sloth

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    So watch the mainstream media, and keep an ear on the zeitgeist.
  13. Mr. Prac ϟϟ ✞ 卐

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    crapo, who owns no gold, chimps about gold.

    crapo, who is homeless, chimps about the housing crisis.

    crapo, with no money to his name, chimps about banking.

    crapo, with no car, chimps about gas prices.

    crapo, who neither bathes nor consumes non-distilled water, chimps about dirty water.

    crapo, who eats nothing but 7/11 cheese burritos, chimps about genetically modified fruits and vegetables.

    crapo, who doesn't brush, chimps about flouride toothpaste.

    There's some kind of pattern here...
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  14. Hawthorne Abendsen Number One Epic Sloth

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    Excellent points, indubitably.
  15. apollonian Forum Veteran

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    --says the buffoon lying scum, mr. puke
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  16. Macrobius The Old Usager

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    At 55.66 USD/gram, gold is *almost* worth what it was, 6 months ago. PBR still costs 5.99/ 6 pints at my local Safeway (9.2 sixpacks per gram -- down from 10.7 when the thread started).

    Way to go gold! Watch out for that deflation!
  17. apollonian Forum Veteran

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    Just hold ur breath, comrade: price of gold is going up up up up--soon--and observe, this is the way prices typically work, ups and downs, but over the long-term, un-questionably up up up, indubitably. How anyone doubts this imminent upward jump is amazing.
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  18. Bluto Drunken lout

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    Get a load o' dis fuckin' bum, talkin' about da price o' gold when it ain't e'en got a pot to piss in. How abouts gettin' up early in da AM, pound dat pavement & get a fuckin' job, stinky? What? Dat takes time from yer time masturabatin' to Alex Jones? Goddamn it, sticknigger, Bluto sez, Dat shit is disgustipatin'- ya needs to be locked up behind bars, a place ya only knows all too well, sticknigger. Indubitably, wi't any luck, dat time will comes ag'in. :agree:
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  19. apollonian Forum Veteran

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    --says the buffoon caricature and jewwy fag
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  20. Bluto Drunken lout

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    Dis sticknigger ain't too bright.
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