Currency War Is On! - Coin Community Forum

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Author	Replies: 4 / Views: 1,029
hockingzig Pillar of the Community United States 1450 Posts	Posted 08/04/2011 08:55 am Found this on Yahoo this morning. An interesting read that really explains the explosion of gold prices. http://finance.yahoo.com/news/Curre...sset=&ccode= Report this Post to the Staff

Silverhawk74 Pillar of the Community United States 3670 Posts	Posted 08/04/2011 3:27 pm That is a good view from a world perspective for sure.... I keep seeing this number below.... "held at 9.2 percent in July" I would be willing to bet that number is way off, like more in the neighborhood of 15% maybe 20%. I could be wrong here, but are those numbers not based totally on people who file UNEMPLOYMENT, and they don't tell you that when that set UNEMPLOYMENT CHECK time has expired, they are no longer counted. Not to mention millions who never even file in-between jobs, as I never have in my day, and I have worked at least in a couple of dozen different restaurant an bars in my area.... I figure about half file or fit into the 9.2%, and the other 10.8 does not, so around 20% would be my guess.... Edited by Silverhawk74 08/04/2011 3:27 pm Report this Post to the Staff
hockingzig Pillar of the Community United States 1450 Posts	Posted 08/04/2011 6:25 pm I think this was part of the trigger to todays action. Europe was talking QE for the first time and everyone panicked as the dollar rose. Bad for stocks so PMs get hammered as everybody holding paper metal scrambled to cover their losses. PMs will recover quickly because the hedgers were shaken out today. What will Dr. Bernanke do to drive the dollar down this time? It truly is a race to the bottom where only"real money"will survive. ......Got Gold? Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 08/04/2011 7:30 pm Quote: I would be willing to bet that number is way off, like more in the neighborhood of 15% maybe 20%. I could be wrong here, but are those numbers not based totally on people who file UNEMPLOYMENT, and they don't tell you that when that set UNEMPLOYMENT CHECK time has expired, they are no longer counted. Not to mention millions who never even file in-between jobs, as I never have in my day, and I have worked at least in a couple of dozen different restaurant an bars in my area.... The government's and the Fed's numbers ARE way off and it can be proved with very little effort. They are banking on the fact that most of the sheeple out there will continue to graze as usual and not bother to check the facts. PM fans tend to be a completely different breed, however. Folks from Missouri have nothing on us as "show me" aficionados. If anyone here would like to see some REAL inflation and unemployment numbers, just visit https://www.shadowstats.com sometime. Although this is primarily a site for subscribers, there is also quite a bit of free info that anyone can read. Unlike the funny numbers turned out by the various government and Fed gristmills, this site specializes in the unvarnished Truth. This is a concept that is not in favor with the government and Fed types or their kool-aid drinkers. Report this Post to the Staff
LastGold Valued Member United States 228 Posts	Posted 08/04/2011 8:16 pm Not many believe government statistics anymore. John Williams at shadowstat.com had the true unemployment figure over 16% the last time I checked... Got a kick out of the talking heads today on the 500 point crash in the market. Dennis Gartman (previously bullish on gold), now recommends caution, and suggests that today may be a reversal for gold (and silver). One can only hope... Lots of talk about where or where to put money to get protection from all of the turmoil... None of these financial sharpies have figured it out yet. The simple truth is that the paradigm has changed. We live in a world now, where DEBT and PAPER currency are being repudiated. Almost comically, the yields on US Treasuries are DECLINING, (a real safe haven there) Much talk about what Bernanke and Trichet will do... Surely there is something to do! Surely there is some way to yet again rig the market - goose it higher. Can't we cobble together some kind of agregious horsesh*t bond of some kind. Can't we find just one more con game to fleece the public with. SURELY THERE MUST BE SOMETHING THAT CAN BE DONE !... Like Old Mcdonald, (riding on a pony), who stuck a feather in his hat and called it macaroni, you can bet that Uncle Ben will dream up some kind of BS reason to do what he said he would not do... and that is ... QE3 ... You said it right hockinzig... GOT GOLD? That headlight you see coming through the tunnel is not a train - it's massive INFLATION! Looks like I'm going to get another buy side entry point on silver! Thank God there are those who prefer US Treasuries instead! Report this Post to the Staff
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