Feed: Tao Economics - AggScore: 67.7
Max gets into Goldmans profits, front running market manipulation software, and all sorts of wackiness that will make your head esplode. Its time to go old fashion and get our stocks in certificate format and use real money (silver & gold)
A lot of folks are pointing out how this year seems to closely resemble last year, in terms of the stock market, the need for cash, and U.S. treasuries being bought up. The 5 minute forecast had a good graph showing this a few days back.
http://www.agorafinancial.com/5min/the-ghosts-of-2008-gold-stocks-a-curr...
I'm not sure if these have already made it out on the internet or not ( searched and couldn't find anything), but these mock ups fell into my lap today, supposedly from someone in finance from Europe. Have a look. Notice the new $200 bill. When a currency has a new higher denomination that means there is some serious inflation going on. Also notice that there is no $1 mock up. 1 dollar bills will probably be gone and only in coin form so they don't get worn out as much. Pennies will be gone probably by just deeming the worth 5 cents so you will turn them in at the bank.
Two huge interesting events seem to be accuring at the same time. What's interesting is the mystery behind both. First the $130 billion bearer bonds trying to be "smuggled" and cashed in by some Japanese nationals. First reported here: http://www.asianews.it/index.php?l=en&art=15456&size=A
Hey! Did you hear the good news? We "only" lost 345,000 in May. Not so bad compared to the months before. Of course if we had those numbers at this time last year folks would be pissing themselves and going home early to wash their clothes.
Here is the latest from Global Research by Chapman.
Get survival food, PM's, and get healthy. Also notice that the stock market has been going up when the dollar is down, and down when the dollar is up. This really takes away a lot of the precieved gains in the market. The question is will they (the dollar and stocks) start going down together?
When hyperinflation kicks in, or there is a serious internal strife within a country, gold has been the currency of choice. It allows the owner to flee to a safer more stable country with wealth intact. Silver has always been the runner up, but it is generally not used to travel (flee) with, as it takes a lot more of it to preserve the same amount of wealth.
I ask you, if double-digit inflation (or even hyperinflation) kicks in, where are you going to flee?
Are you tired of the better than expected bad news rallies? It seems the market might be getting tired of them as well. The market has rallied quite a bit since its March lows, from the DOW at 6500 all the way up to 8500. If you haven't taken advantage of selling into this rally, you may want to re-consider.
Here is why I think stocks (in general) are good for selling.
1. Earnings are going down, while the price of stocks are going up (not a good deal).
