Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Fiat Ponzi

Like Tree3Likes
  • 1 Post By ancona
  • 1 Post By PMBug
  • 1 Post By DoChenRollingBearing

Reply
 
LinkBack Thread Tools
Old 12-16-2011, 06:25 AM   #1
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,056
Liked: 2453 times
Pathogenesis of Central Bank Ruin

Jim Willie published a very long piece covering a number of related topics that have been touched on here in the forum lately:
Quote :
Central banks are the current sovereign debt market. It is a vacated market. They are the majority bidders via debt monetization. The monetary inflation has become the New Normal and a travesty. In perverse fashion, the financial markets celebrate the monetized purchases, even calling for higher volume. In the process, bond and stock market integrity has been destroyed. Foreign creditors depart the USTreasury Bond market. Large European banks depart the Southern Europe sovereign debt market. Central banks step in to avert panic as the underlying structure to the global monetary system crumbles. When government bond yields rose quickly in Europe, it was not from abandonment by their central bank. The big Euro banks sell boatloads of bonds while the EuroCB buys only truckloads. The bond market integrity has been deteriorating very quickly. The dependence upon the debt monetization process is vividly clear. It is hyper monetary inflation to fill the void, thus providing the dominant bid. Ironically, the dullard stock market mavens celebrate the arrival of the central bank purchases without truly comprehending the destroyed integrity of the bond market. IQ levels are falling along with stock index levels.
...
More: http://news.goldseek.com/GoldenJackass/1323982800.php
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 12-16-2011, 11:46 AM   #2
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
I find the Jim Willie stuff to be about 60% over the top and 40% informative. He really does try to inform us, but the apocalyptic stuff surpasses even my most dystopic rants by an order of magnitude. I agree he has had some very prescient forecasts, and has good delivery, but some of it is just too much for me.

That said, he is a good read for those who can read and discern for themselves what is possible and what is babble.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam

Last edited by ancona; 12-16-2011 at 12:21 PM.
ancona is offline   Reply With Quote
Old 12-16-2011, 12:09 PM   #3
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,056
Liked: 2453 times
Agree. Much like ZH in that regards.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 12-17-2011, 01:01 AM   #4
PM Bug Supporter
 
DoChenRollingBearing's Avatar
 
Join Date: Oct 2011
Location: SE USA
Posts: 1,275
Liked: 691 times
Ha ha! I like Jim Willie too, but he is the most growlingest bear out there...! I think there IS some drivel in there, but I cannot parse the truth from the BS, my BS and Sarcasm Meter doesn't even really function...

I printed out his latest and will read it now while having my "Good Night Irene" drink...

DoChen's "Death After Midnight" (modeled on Hemingway's "Death in the Afternoon"):

-- one part cold water
-- one part absinthe
-- three parts raspberry vodka

all straight out of the freezer! Keep a "wingman" glass of water handy for parched throats...
DoChenRollingBearing is offline   Reply With Quote
Old 12-17-2011, 09:40 AM   #5
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Ahhh......................Absinthe!

I remember some many years ago while working at Lisnave Shipyard, we would take the ferry in to Lisbon proper to frequent local watering holes. Many a night were spent with a hash hookah an glasses of absinthe. Tlthough that was twenty five years ago, it is a fresh memory to me.

We found a place that would still sell you true absinthe.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 12-17-2011, 02:16 PM   #6
PM Bug Supporter
 
DoChenRollingBearing's Avatar
 
Join Date: Oct 2011
Location: SE USA
Posts: 1,275
Liked: 691 times
My understanding is that "true absinthe" is now legal again. French and American scientists found the thujone amounts to be too tiny to cause problems. My current favorite brand is the "Pernod", make sure to buy the absinthe, not the "Ricard" which is more an anisette.
ancona likes this.
DoChenRollingBearing is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Central Bank Actions in the EU vox Fiat Ponzi 1 12-01-2011 06:28 AM
SLV / JPM forecasts central bank intervention? PMBug Silver Bug 2 11-02-2011 06:34 AM
Russia's central bank to continue buying gold PMBug Gold Bug 0 10-21-2011 04:18 PM


All times are GMT -5. The time now is 07:05 PM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.