Jack

 
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  • in reply to: QE, The Velocity of Money And Dislocated Gold #7971

    Jack
    Member

    Full Show 5/25/12: Conversations with Great Minds: Paul Krugman
    https://www.youtube.com/watch?v=TY1JZuhCj5s

    https://www.youtube.com/watch?feature=player_embedded&v=UFHQER_Hetk
    Reggie Middleton

    These 2 videos are worth watching

    in reply to: QE, The Velocity of Money And Dislocated Gold #7947

    Jack
    Member

    I am guessing that a negative Karma is not a good thing.
    I have an idea as to why this is happening.
    Because I say that the price of gold will come down and that’s why I get a negative Karma.
    I am going to try something and see if it will work.
    This year gold will shoot up to $10,000 an ounce.
    I hope a few gold bugs will be happy.

    in reply to: QE, The Velocity of Money And Dislocated Gold #7946

    Jack
    Member

    https://www.youtube.com/watch?v=X-N0EnY0qjI
    Steve Keen debunking inflation and gold standard beliefs

    https://www.youtube.com/watch?v=rtSs9RIoLHQ
    Conversations w/Great Minds – Prof. Steve Keen – The New Modern Jubilee P2
    —————–

    Steve Keen point of view is very good to listen to but he is not always realistic.
    I did like it when he said printing money does not create inflation.
    So to gold bugs this is something to consider.

    in reply to: QE, The Velocity of Money And Dislocated Gold #7936

    Jack
    Member

    Hi davefairtex!
    Yes it is a fools game.
    This is the way I look at it.
    For many years gold was on a up trend, maybe 10 years or more.
    Now it is on a down trend.
    The long-term down trend is continuing and for now I think it will still continue.
    Yes it might go to 1,300 and 1,400 but it will continue with this down-trend.
    We have to take things 1 day at a time.

    in reply to: QE, The Velocity of Money And Dislocated Gold #7934

    Jack
    Member

    Hi Nassim!
    The person that I am talking about was in it for the short run and all he could do was say I lost $300,000 from this deal and I lost $500,000 from that deal.
    He was an idiot.
    As for the future of the price of gold.
    It could go either way but no one knows for sure how things are going to turn out.
    I don’t think even the bankers themselves have a certain future.

    in reply to: QE, The Velocity of Money And Dislocated Gold #7931

    Jack
    Member

    The issue is not whether gold has a place in our society or not.
    The issue is that it is monopolized and we have been saying that for a long time.
    In this climate there is room for doing some speculation(gambling)
    At this point in time the stock market,all commodities,homes,everything is speculation.
    What is relevant is that you should have a good perspective of where everything belongs.
    You should know where you stand in this gambling house.
    Just a few weeks ago I told someone to short gold and he didn’t and I heard from someone else that he bought some gold.
    This person lost a big chunk of money.
    Because he does not know where he belong in this gambling house.
    He belong in the corner where all the losers belong.

    in reply to: QE, The Velocity of Money And Dislocated Gold #7925

    Jack
    Member

    You are thinking on a small scale when it comes to the usefulness of the precious metals.
    On planet earth it is useful as a conductor of electricity.
    The sun spews out gold that’s why it has the colour of gold and I am guessing that some of that rains down on earth.
    Other planet need the stuff for other reasons.

    in reply to: QE, The Velocity of Money And Dislocated Gold #7922

    Jack
    Member

    From 1,200 and ounce gold moved up to 1,250.
    You can tell that it is a weak rally.
    Next step is to pull back to around 1,100 or 1,000.

    in reply to: QE, The Velocity of Money And Dislocated Gold #7915

    Jack
    Member

    I don’t think there is anyone that know how things will play out.
    There will be a total collapse of the system.
    We think it will be anywhere from 3 to 10 years.
    I am not even sure if gold will shoot up even at those times.

    in reply to: QE, The Velocity of Money And Dislocated Gold #7913

    Jack
    Member

    The best way to understand why gold is going down is to look at it in a simplistic way without getting too technical.
    The average person is barely getting by and does not have enough money for gold.
    For investment companies it does not bring in any revenue.
    It is not a revenue generating asset.
    It is for speculating and a hedge for the worst of times and when that will be no one knows but we do have an idea that.

    in reply to: Oil And Credit #7866

    Jack
    Member

    I have been doing extensive research on the subject of renewable energy.
    I will tell you what I have discovered and some of you may already know this.
    In the times when they were building the pyramids they were making electricity with magnets.
    To sum it all up we can do the same now in fact a person by the name of Ed leedskalnin proved this.
    The repealing force using ether is the trick.
    However this knowledge is being suppressed.
    This will be the method as a source of energy in the future because they cant suppress this forever.
    What implication will all this have on the global economic system.

    in reply to: Deflation By Any Other Name Would Smell As Foul #7836

    Jack
    Member

    I know you don’t like timelines but with history as a guide where do you see this playing out in the next 3 to 4 years….can the central banks drag this out further to 7 or 8 years and if they can do that how about another 7 or 8? Then is it a problem, because human nature can’t worry that far away?
    – See more at: https://www.theautomaticearth.com/index.php?option=com_kunena&func=view&catid=15&id=7520&Itemid=96#7565

    ilargi
    In Canada not everyone is affected by all the bad worldwide economic downturn and many people will argue with you and the argument will turn ugly because they don’t want to hear your depressing words.
    However there are many people here suffering from this bad economic situation at the same time.

    So what I am trying to say is that the banks seem to have control of the rates and the situation.

    in reply to: Deflation By Any Other Name Would Smell As Foul #7835

    Jack
    Member

    Gold is taking a beating and TAE must be proud that their predictions are coming true.
    I remember many gold bugs coming here and arguing that the price will go to 3,000 and up an ounce.

    I am tempted to play the market I feel like an expert.
    yesterday gold was 1,200 an ounce and When it was higher I was saying that it will go down.

    This is what I am saying now.
    It has moved up to 1,226 an ounce.
    I would bet on a option contract that it will go up to 1,260- 1,290 an ounce
    Than it will go back down to 1,100 an ounce
    I am trying to persuade others with this idea and get commission.
    —————-
    Online trading company.
    https://www.youtube.com/watch?v=ZOU-KG8Rapg
    Giving a analysis
    ————–
    Nicole never talked about this kind of energy and I think it is a feasible idea.

    -cold fusion,
    -overunity electromagnetic motors,
    -magnet motors,
    -gravity motors,
    -vortex technologies.

    in reply to: What Do We Want To Grow Into? #7494

    Jack
    Member

    https://money.cnn.com/2013/04/29/investing/roubini-stocks/index.html?iid=Lead

    Roubini is predicting an uptick in stock prices over the next two years as the Federal Reserve continues its stimulus efforts. But buyer beware, Dr. Doom says, because a day of reckoning is lurking at the end of the two-year horizon.

    He is famous but that does not mean he cannot be wrong.
    What do you think

    in reply to: The Lesson From Cyprus: Europe Is Politically Bankrupt #7417

    Jack
    Member

    Hi Steve!
    Thanks for your reply.
    I am not following the gold news closely but I noticed the head line from Max Keiser and he says IMF is selling and China is buying.
    US owes a lot of money to China and also China is holding a lot of US dollars.
    With the price of gold falling it seems like the US is sending a message to China that one way or the other you are going to loose with your investment.

    in reply to: The Lesson From Cyprus: Europe Is Politically Bankrupt #7407

    Jack
    Member

    https://canadafreepress.com/index.php/article/54142

    This is fear mongering on the part of the reporter and she ought to be ashamed

    This is one of the comments and the others all agree with the reporter.

    What do you folks think.

    in reply to: Laiki Bank: Some Depositors Are More Equal Than Others #7366

    Jack
    Member

    I found this link on Youtube
    https://www.youtube.com/watch?v=5zD7xR0DGuE

    What he is saying is similar to what we have here.
    The collapse will happen in a few years he says.
    Few years could be 2 years and up.

    In the mean time Jeff Berwick
    is starting a community in Chile.
    https://galtsgulchchile.com/
    He says Canada is very connected to USA so I presume that is why he wants to stay from here.
    If it was me I would start that community here in Canada.

    in reply to: The Lesson From Cyprus: Europe Is Politically Bankrupt #7313

    Jack
    Member

    Hi Ilargi!
    Thanks for you reply.
    From my observation things are normal for some people and to some there is a crisis.
    I am in Canada.
    Real Estate is selling specially new condos.

    in reply to: The Lesson From Cyprus: Europe Is Politically Bankrupt #7308

    Jack
    Member

    I came across this today and I would like to know if this can really happen in Canada
    Thanks

    https://www.myfamilysurvivalplan.com/cyprus-style-bank-account-confiscation-is-in-the-new-2013-canadian-government-budget/#more-5777

    https://jptjv.com/backyard/recommends/
    This is where the link came from

    in reply to: US Hyperinflation Is A Myth #6082

    Jack
    Member

    Hi pipefit!
    The kicking of the can down the road can go on for several years.
    Maybe 4-5 years or more,nobody knows exactly how long it can last.
    Japan has been doing it for over a decade.
    It will eventually end but in the mean time the dollar still has the same value.

    Also the laws of economics does not seem to be applying to this system because we are dealing with master swindler’s.

    They have manipulated all commodities and most currencies.

    in reply to: US Hyperinflation Is A Myth #6080

    Jack
    Member

    Hyperinflation is happening in Syria and not in Canada or USA.
    Here your 1 dollar can still buy a head of cabbage.
    If it was Hyperinflation than your 1 dollar would have the value of 1 cent.
    Nobody uses the word Hyperinflation to describe our current environment.
    It is either deflation or inflation.

    in reply to: What Could Possibly Go Wrong? #6004

    Jack
    Member

    Will the forces of deflation apply to gold.
    The rich people are pushing Romney to have gold used in some way to back money.(I am not following this story so I don’t know the details).

    in reply to: The IMF -Inadvertently- Condemns The Eurozone #5964

    Jack
    Member

    The scenario is changing by the second.

    Bill Still says
    As gold money will crawl its way into congress futures will sky rocket

    Than fall when they see that there is no gold at Fort knocks

    Are those Rich people controlling these politicians that stupid and greedy.

    We know that they are greedy but nobody is that stupid.
    They will confiscate peoples gold.

    I was saying that things will be like this and like that.

    Nobody in America cares what happens to their future.
    At least that’s how it is for now.

    My friends what happens in the future will depend on the decisions made by the rich.

    Everyone was saying that there would not be QE3
    Now we have QE to infinity.

    It will not surprise be if gold goes sky high.

    in reply to: Bernanke And Draghi Are Not Trying To Save Our Economies #5753

    Jack
    Member

    The number for doing the tango or football hustle.
    Something thats going to knock them out of their feet.
    You have prominent people saying buy gold and others are saying it is a gamble.

    in reply to: Bernanke And Draghi Are Not Trying To Save Our Economies #5745

    Jack
    Member

    Everyone like to gang up on Ilargi for his prediction of the gold price.
    So far the gold bugs are winning but the game isn’t over until its over.
    I still believe that a number will be played on those holding gold.

    There is something else to look at here.

    Just like when you have home price high people are happy that they have something that’s worth a lot of money and they spend like nuts.
    Same thing is happening with gold.
    Those who have gold are on a wild spending spree.
    That is good for the economy.

    in reply to: Bernanke And Draghi Are Not Trying To Save Our Economies #5712

    Jack
    Member

    Hi Folks
    What do you folks think of this.
    city of bristol launches its own currency
    https://uk.finance.yahoo.com/news/bristol-launches-currency-help-high-100022735.html

    in reply to: A Quadrillion Dollar Deflationary Debt Raft #5678

    Jack
    Member

    We don’t know how this financial scenario will play out.
    Everyone is making some kind of prediction.

    Here he is saying
    By Ambrose Evans-Pritchard
    Zero interest rates will continue until mid-2015

    https://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9542270/Era-of-jobs-targeting-begins-as-Fed-launches-QE3.html

    They are saying we could have QE4 and 5 and so on.

    in reply to: A Quadrillion Dollar Deflationary Debt Raft #5597

    Jack
    Member

    Hi pipefit
    What you are saying makes a lot of sense and however you look at this thing the person holding money comes out loosing.

    Your explanation of hyperinflation is very good.

    However if it was hyperinflation than wouldn’t the price of homes be worth more than they are now.
    You have property value selling for $50,000 instead of $250,000.
    If it was hyperinflation than they would have to be worth $1,000,000 or something like that.
    I think the speculative factor for precious metals is something to consider.

    As for making a call for predicting the future price of the metals I am thinking that when interest rates start to move higher than something could happen to the prices.

    in reply to: A Quadrillion Dollar Deflationary Debt Raft #5588

    Jack
    Member

    pipefit
    you are getting all excited because gold goes up a few percentage points.
    We do not have hyperinflation
    https://en.wikipedia.org/wiki/Hyperinflation

    My friend it is speculators and the central banks playing games on poor suckers.

    in reply to: A Quadrillion Dollar Deflationary Debt Raft #5549

    Jack
    Member

    Hi Ilargi
    For now gold bugs are on the winnings side and it is not such a terrible thing to say you were wrong.
    Those who bought at the peak period than that was bad.

    https://www.youtube.com/watch?v=x3EUzV5_TUs
    A Rothschild Speaks – Listen Closely

    Sorry that I didn’t listen to all of this video but I will later.
    In one of these youtube videos he was saying that we should have QE3 and now that exactly what we have.
    He is calling the shots.

    Sorry Nicole.
    TAE is still my favourite financial blog.

    Hi pipefit
    I liked what you said and it makes sense but just for fun take a look at this.
    https://www.amazon.ca/Conquer-Crash-Deflationary-Depression-Expanded/dp/0470870907

    CDN$ 2.97

    in reply to: A Quadrillion Dollar Deflationary Debt Raft #5515

    Jack
    Member

    From the logical point of view gold does seem like it will go up and when the prices start rising than you have more people becoming gold bugs.

    At the same time there are many prominent people like Steven Keen saying that it is a gamble.

    https://en.wikipedia.org/wiki/Gambling

    in reply to: Hungary Throws Out Monsanto AND The IMF #5494

    Jack
    Member

    Petunia
    When the Armenian’s go after justice and revenge they always get that.
    These are the kind of people they are.

    Artsakh – Nagorno Karabakh
    https://www.youtube.com/watch?v=P3AdpgEYmeU&feature=related

    here is another one
    https://www.youtube.com/watch?v=jJy_smL_vfY
    Talat Pashan Pakhav Berlin

    Talat was one of the banker kind

    in reply to: A Quadrillion Dollar Deflationary Debt Raft #5438

    Jack
    Member

    I am curious to know when the interest rate will start to go higher because that is when we will see a reversal of commodity prices and also the markets.

    in reply to: Hungary Throws Out Monsanto AND The IMF #5437

    Jack
    Member

    They definitely did right by throwing out Monsanto and the IMF.
    This does not mean that everything else is good about them.

    They let loose an axe murderer
    https://www.armtown.com/news/en/yer/20120908/31265/
    https://asbarez.com/105298/over-1000-attend-protest-against-safarov-release-and-pardon/

    This makes the leaders of Hungary axe murderers

    in reply to: What the Economic Crisis Really Means (animation) #5334

    Jack
    Member

    The Economic Crisis Really Means war for some countries like Armenia.

    If you are following Armenian news on google there is always some tension over there with Azerbaijan(they are really Turks).

    It will not be long before a major war erupts over there and many innocent lives will be lost.
    Both countries are heavily armed with heavy duty weapons.

    Azerbaijan weapons come from Israel and Armenian weapons from Russia.

    As for historical rights for those lands Armenia was an Ancient empire and it had all those lands

    It gave them up because of many reasons and now Armenia is regaining strength and will try to reclaim all that back.

    Knowing the fighting nature of Armenian’s and the current geopolitical situation there will definitely be something that will happening there.

    @ John Day
    I am happy you are an optimist also Theo.
    How are people in Greece suppose to follow some of those ideas.
    How can they do permaculture when they live in down town Athens.

    in reply to: What the Economic Crisis Really Means (animation) #5332

    Jack
    Member

    Here in Canada there is no sign of anyone with that sense of wanting to make any kind of change to their lives.

    There are those who are not effected by what is going on and they dont need to listen to this kind of talk.

    Then there are those directly effected by a loss of business and employment but they are helpless.

    As for the optimism in this video I think that is good but I cant see people applying it to their lives here in Canada.

    Permaculture is good but can people form groups for things like this.

    We have to keep on trying to have solutions or else there will be a sense of hopelessness and that is not good.

    in reply to: What Happened To The Debt? #5264

    Jack
    Member

    Hi skipbreakfast
    I am curious to know what those guys with the helmet stand for.

    in reply to: 350 Greek Tragedies in Athens in June Alone #5188

    Jack
    Member

    You can live in a world of lies and call the facts
    conspiracy theories
    or you can look yourself in the mirror and say I was wrong.
    or we were wrong

    If I do something wrong than I say Jesus how could I have done something like that.

    Than that makes me a better better person.

    The important thing is to give people the choice.

    in reply to: 350 Greek Tragedies in Athens in June Alone #5186

    Jack
    Member

    Hi skipbreakfast
    The guy is listing his facts and giving all the proof one by one and you are still refusing to accept that.
    This issue is very much related to the economic crisis of our time.
    The choice is yours believe what you want.

    in reply to: 350 Greek Tragedies in Athens in June Alone #5182

    Jack
    Member

    Hi Folks!
    I already had a link to something like this before but this is a bit different.
    Christopher Jon Bjerknes explains how our current crisis is linked to the
    Rothchilds and the Zionist movement.

    Like he says in the video that this is
    Not anti semitic or hater of this or that.

    The Jewish Genocide of Armenian Christians Part 3
    https://www.youtube.com/watch?v=fY3JPwu_T70

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