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Everything posted by coorslite21

  1. They did alot of damage this past is getting out...!
  2. Matterhorn Asset Management AG tel: +41 44 213 62 45 Menu Artikel auf Deutsch HIER Klicken 3 DOZEN REASONS TO HOLD GOLD March 14, 2019 by Egon von Greyerz The world financial system has been in a euphoric state since 2009. It seems that the Keynesians, like Krugman or the Modern Money Theorists (MMT) are right after all. All asset markets are near the highs and show little sign of changing direction. As Treasury Secretary Mellon said in September 1929: “There is no cause to worry. The high tide of prosperity will continue.” All that is required is more of the same medicine, more credit, more money printing to make a virtuous circle of eternal prosperity. Clearly the Cassandras are all wrong with their pessimistic forecasts that never happen. The Greek Princess had the ability to forecast the future but her curse was that nobody believed her accurate predictions. (Cassandra article) We modern Cassandras are in the same position. We are certain that the theories based on spending and borrowing yourself out of the biggest debt bubble in history are totally fallacious. We know that a debt problem cannot be solved by more debt. No one defined it more succinctly than Albert Einstein: “We cannot solve our problems with the same level of thinking that created them.” THE PARTY IS OVER But sadly for the world, Cassandra will be right this time also since the party is over. The Time Bomb below says it all. Contained in the red bomb are all the explosive elements that will change the history of the world. Any single one of these risks is sufficient to trigger a collapse of the world economy. The combined explosive nature of all the risks will not only disprove MMT but create a world which will be a lot less pleasant to live in. This cleansing of a sick financial system and a morally decadent world will be totally necessary to create new green shoots based on real, sustainable values. But the transition will create great suffering for the whole world. THE WORLD NEEDS STATESMEN In the final stages of a major super cycle, there is normally a total lack of clarity in the thinking of world leaders. But not only that, there is also a total lack of leadership. Right now this is exactly what we have. Countries normally get the leaders they deserve. The world is in desperate need of statesmen who can take uncomfortable decisions to get the world out of the mess it is in. But looking around the world, there is no statesman in any country. There are countries with strong leaders like Putin in Russia and Orban in Hungary but real statesmanship does not exist anywhere. Look at France where Macron becomes more unpopular by the day. Soon every Frenchman will wear a yellow vest and it is already spreading to other countries. The French economy and financial system are weakening and the inequality between the rich and the poor has the seeds of yet another French Revolution. Germany has been the biggest beneficiary of a weak Euro but in spite of that, the German economy is now deteriorating rapidly. Merkel’s socialist policies will have disastrous effects on the German economy in coming years, exacerbated by an immigration policy which will create a major economic and social disaster. When Deutsche Bank (DB) collapses, which is probable, that will have repercussions not only for German banks but for the global banking system. DB’s derivative book of EUR 50 trillion is 15x German GDP. When counterparty fails, the Bundesbank and the ECB will need to print more Euros than during the hyperinflationary Weimar Republic. In addition, the Bundesbank and the German financial system are the biggest guarantors of the ECB and the Target2 lending to Southern European countries which are all likely to default on their commitments. The UK leadership is extremely weak. Theresa May’s government is irresolute and divisive.They have spent 2 years solely trying to extricate itself from the EU. This issue has totally dominated UK politics at the expense of the economy. With 2 weeks left to Brexit-day, the UK is nowhere nearer an agreement with the Brussels elite who have consistently frustrated the process. The US is bankrupt with a currency which is living on borrowed time. Trump had good intentions but has been shackled by the Deep State. When the biggest economy in the world collapses, it will have major repercussions on the world. Every major country or continent in the world has got problems of a magnitude that will bring the country down. In addition to the above nations, this includes Japan, China, South America and many more. FINAL SECONDS OF A GLOBAL MEGA BUBBLE We must understand that the world has never faced risk of this magnitude ever. We are now in the very final seconds of the global mega bubble, the likes of which the world has never seen before. What will happen next will be worse than the fall of the Roman Empire, much worse than the South Sea and Mississippi Bubbles and will create a disaster that will dwarf the 1930s Depression. GLOBAL DEBT UP 3X SINCE 2000 The problem is simple to define and is all based around debts and liabilities. At the beginning of this century, global debt was $80 trillion. When the Great Financial Crisis started in 2006, global debt had gone up by 56% to $125 trillion. Today it is $250 trillion. Thus, in this century global debt has more than trebled. So far MMT seems to work. Just print and borrow more money and the economy will take care of itself. Einstein said it won’t work and the laws of nature also tell us that this is a saga that will have an unhappy ending. PROTECTION IS CRITICAL Rather than trying to figure out what the exact trigger will be, it is much more important to focus on how to protect yourself financially. Gold has throughout history been the solution to a mismanaged economy based on deficits, debts and money printing. But it must be physical gold, stored outside the financial system in the safest jurisdictions and vaults. It is essential to have direct ownership of the gold and direct access. ETFs, futures, or part ownership of bars are not proper wealth preservation. $30,000 GOLD AND $3,000 SILVER The Krugmans and MMT fans will now get more than they ever asked for. Because the world will soon start the biggest money printing bonanza in history. Bearing in mind that total debt and liabilities, including derivatives are over $2 quadrillion, we could easily see similar or higher amounts of money printing. A recent KWN article by Lundeen projects $3,000 silver and $30,000 gold. Those are not unrealistic targets and are probably based on normal inflation. With hyperinflation, the future gold price is likely to have many more zeroes. Subscribe× We must remember that we are holding gold primarily to preserve wealth since it is the best store of value and represents stable purchasing power. But gold is likely to do better than to maintain purchasing power for the simple reason that there will be a massive shortage of physical gold when the gold paper market blows up. This is why it is critical to hold physical gold, bars or coins. I wrote about the Gold Maginot Line a few weeks ago which is at $1,350. This line has stopped gold since 2013. After a first attempt to break through 3 weeks ago, we are now in a small correction and gold is building momentum to break through the Line. Once through, it will go very quickly all the way through the old high of $1,920. Remember that this high has already been broken in many currencies, so it is not a major hurdle to clear. 3 DOZEN REASONS TO HOLD GOLD AS INSURANCE For anyone who doesn’t understand the necessity of owning gold, just go through the list of risks in the Time Bomb. And once you have gone through it, go through it again and again and again. The list includes 3 dozen reasons why you need to hold physical gold as protection or insurance against unprecedented global risk. Anyone who doesn’t own gold today mustn’t wait for the next move up to take place. That could be too late. Once the real move starts, it will be very difficult to get hold of gold at any price. At some point there will no physical gold on offer. The paper gold positions of banks and futures exchanges will see to that. Central banks will also have major problems. Most of them have covertly sold their official holdings. And most of what they have left, they have leased to the market. That gold has gone to China, India and Russia and all the central banks have left is an IOU from a bullion bank that won’t be honoured. CHINA’S INSATIABLE APPETITE FOR GOLD With a guaranteed absolute mess in the world financial system, resulting panic in the gold market now is the very last chance to be protected. Gold is today as cheap as it was in 1970 at $35 and in 2000 at $270: Egon von Greyerz Founder and Managing Partner Matterhorn Asset Management Zurich, Switzerland Phone: +41 44 213 62 45 Matterhorn Asset Management’s global client base strategically stores an important part of their wealth in Switzerland in physical gold and silver outside the banking system. Matterhorn Asset Management is pleased to deliver a unique and exceptional service to our highly esteemed wealth preservation clientele in over 60 countries. Contact Us Articles may be republished if full credits are given with a link to lick to share on WhatsApp (Opens in new window)51Click to share on Facebook (Opens in new window)51Click to share on LinkedIn (Opens in new window)Click to share on Telegram (Opens in new windoClick to sha Recent Posts 3 DOZEN REASONS TO HOLD GOLD STOCK INVESTORS, LIKE ALFRED, TO LOSE 98% OF THEIR INVESTMENT 6,250 YEAR OLD BULL STILL GOING STRONG THE CHINESE AND MAGINOT GOLD LINES “THE VALUE OF THE DOLLAR HAS NO GUARANTEE WHATSOEVER” © 2019 Matterhorn Asset Management AG - GoldSwitzerland Bahnhofstrasse 43 - CH 8001 ZURICH - Switzerland Tel: +41 44 213 62 45
  3. Gave up DV for lent.....that just might elevate him to "genius" status......which I'd thought of that!......CL.....😎
  4. There we have it....the quote of the century on DV.......we all knew B/A would see the light eventually.....🤣 CL
  5. Just a paid actor...recruited, funded, coached.....just a simple little twit....I could go on.....but just a waste of time! CL
  6. Journalism at it's finest...🤔.....perhaps a class action against Reuters suit involving all of those who donated the $80 million to the Beto Senate campaign would get the media attention.....Along with the Nick Sandman lawsuits....things might change???.....JMO.....CL
  7. Just some random thoughts on this whole IQD adventure. No advice offered here......just trying to provoke thought......and please add your thoughts........that's the whole idea of of a forum/blog..... The IQD and VND for that matter were once valued at a much higher rate than today. Due to US involvement military events.....and all that go with that....sanctions etc.......the rates are now very low.... The Geo-Political problems of the world are greatly enhanced by the financial issues.......hundreds of trillions of debt world wide, and a mostly whole world fiat based currency where currency value has been built on nothing. Something has to give. I have to believe you are reading this because of your interest in the I'll stay on that subject....... For Years Iraq has used the USD as a value of trade. For that reason alone we may see a 1-1 value of the USD-IQD sometime in the future. Let's use that number for sake of discussion. Anyone following any of this understands the challenges Iraq has endured. It appears many have been resolved and Iraq may be ready to rejoin the mainstream world once again. We'll see? So today you get a text........there has been a change in value..........what's next? For discussion sake .......Let's say you hold 1 million IQD..........that would now be the equivalent of 10,000 Benjamins.......or 50 lbs. of Gold..........will you just throw your IQD in your pocket and take a trip down to the bank?...........would you carry that same amount of Gold.......or all those Benjamins with you...........any where??? Perhaps You need protection........who can you trust with that? Someone out of the phone book.....?.....perhaps a know people go into 7/11's and kill people for 50 bucks.......... Then again, how many people know about your investment..........probably most thought you were crazy.........but they know.......and what danger might that hold......? How big of a town do you live in???.......In a town of under 100,000 in population I believe anyone walking into a bank and depositing a million bucks........that news will travel fast........might you consider driving to a larger town and depositing into a bank different from the one at home...... You get an email........someone you may know from a IQD forum has a solution to all of these questions........send your IQD to them, or someone they know.......they will handle everything for do you think that might work out?.............even when at an financial institution .....never let it out of your site.........they will have the means to verify the authenticity on site...........even just the black light methods are highly effective. Taxes........Common gains.......windfall tax.........??? See a professional.......there are many ways to legally reduce your tax liabilities.........for a start....if you live in a State like California you can save about 13% annually by just moving out...... Life after the fact.........depends on the rate and amount of IQD you have..........I have read all the grand ideas people have..........they must believe they will all become billionaires........ I doubt that will be the case. I suggest for the first year you just live your life as normal. Buy little......perhaps Uncle Joe left you a small inheritance........but because of some new found wealth........don't let the money blow your life up....... . So.........Good luck to all..........CL
  8. Tell me ......if the military is ordered to mow down armed US Citizens......those leading...and shooting... will they just obey that order? doubt they would if it was Russia.....time will tell....... an interesting parallel might soon be Venezuela......if ordered to do so.....will that Military decimate the civilian base??
  9. Good CYA move..........I really believe the left hung Cohen out to dry......same as Blassey Ford and even Stormy Daniels.......main goal....get Trump at all costs........all the rest is just collaterial damage........same with all those unrelated.....and yes illegal......activities that have been prosecuted by the Mueller event....JMO CL
  10. This is some point in time ISX Stocks....Iraqi companies will be offered on NASDAQ......Ameritrade.....etc..perhaps this banner was a foreshadowing of an upcoming change.......CL
  11. Been talked about for many years....linking the ISX to the NASDAQ......late Friday afternoon news dump/advertising slip.....perhaps a foreshadowing.....time will tell? CL
  12. No idea how it's set up....not sure I have ever run a rule I don't give out, or receive many reds......the purple cup means "thanks".....and I like to drop a "purple haze" on everyone who takes time to post.....even if I disagree.....CL
  13. I have to agree.....What is needed is some election reform that would put the whole country on the same page. There are quite a few states that ask for an ID.....yet it isn't required....some claiming it as a race issue....I believe in the future a blockchain solution to fair voting will be put in place....something like that would be irrefutable.......JMO..CL
  14. You guys actually spend time listening to this guy.....I made it 5 minutes...
  15. Hey......don't forget teflon..... Still way better than the establishment Clinton machine in my mind.... Perhaps some day some one will run who is a cross between Mr. Rogers and that would be perfect! CL
  16. Yes....17 Righty's at the start of 2016... Up coming for the left....20+ Who makes the debate stage....? Very contorted set of rules....65,000 individuals donating.....from at least 20 States.....polls percentages...etc.... pretty deep stuff... Iowa can also be done on line....however if 50% do it on line it only counts for 10% of the total......strange..and more besides that. Cali moved primaries ahead on the calendar.....that might skew things a bit.... And the courts just ruled on the lawsuit against the DNC regarding Bernie getting screwed.....they ruled that because the DNC qualifies as a corporation they can do whatever they please..... Looks like rough times ahead for the lefty's. CL
  17. Throw enough spaghetti at the wall....sooner or later some sticks.....CL
  18. Amen to that........remember that well.......CL
  19. Not sure where the referenced article/info came Internationally when referencing Gold it is usually figured in Tonnes........not tons.......this would be the equivalent of a metric measure.....which will change your numbers..... Ton and tonne are both units of measurement. In the United States, a ton is 2,000 pounds. Outside the United States, a ton can refer to a metric ton, which is 1,000 kilograms, or 2,204.6 pounds. Atonne is another word for metric ton. CL
  20. Quite a list of successful people who have done quite well with out a college degree......some with no College at all........Gates, Branson and Zuckerberg come to mind...... Heck.......I have some "paper"........but when I have watched "are you smarter than a 3rd grader"........I have to admit that it can be quite humbling... CL
  21. Polls are Polls.....and just like any can shape any of them to suit your own purpose..... Skip to Article Sign InSearch NEWS Trump's approval rating tops Obama's midterm numbers, poll shows Posted Oct 22, 2018 In this Aug. 31, 2018 photo, President Donald Trump gestures while speaking at the Harris Conference Center in Charlotte, N.C. (AP Photo/Pablo Martinez Monsivais) By Leada Gore | President Trump's approval ratings are higher than those of former-president Barack Obama during the first mid-term elections of his presidency, according to a new poll. The NBC News/Wall Street Journal poll showed Trump's approval rating at 47 percent, the highest figures the president has posted in that poll. Obama's 2010 approval rating for about the same time period was 45 percent. Trump's approval rating was highest among Republicans (87 percent); white voters without college degrees (65 percent); and men (56 percent.) The president only garnered 10 percent approval from Democrats; 14 percent from black voters; and 27 percent among Latino voters. Forty-nine percent of registered voters participating in the poll said they disapprove of the job Trump is doing. The same poll showed 72 percent of Democrats said they have a high interest in the upcoming election versus 68 percent of Republicans. A country divided The NBC/WSJ poll showed 80 percent of registered voters - including 85 percent of Democrats and 73 percent of Republicans - believing the U.S. is divided. Eighteen percent said the country is united. When asked what the cause of the division was, Republicans responded "Barack Obama," "liberals," "Democrats," and "the media," according to NBC. Democrats responded, "President Trump," "Republicans," and "the media." The NBC/WSJ poll was conducted Oct. 14-17 among 900 registered voters. It has a margin of error of 3.3 percentage points.
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