25 replies to this topic

[Russ]

Something quite interesting from the linked article above... "Credible sources here in Washington have shared a chilling back-story that took place involving the President and congressional leaders of both parties as the clock ticked down to the Treasury running out of cash earlier last month. It seems that more than one creditor nation, led by the Chinese, indirectly telegraphed a willingness to take very draconian measures in response to a ‘debt default’ – apparently even if coupon payments were made on outstanding debt owed to them. Those measures were set to go way beyond being financial, and were said to be credible in nature. At least one senior Republican scoffed at the threat, but relented when briefed by (at least nominally) non-political figures in the national security community. That explains why, in part, the whole stand-off ended with a whimper and not a bang. The implication? The country is far deeper down the rabbit hole of debt than most fathom. The current paradigm has moved one step closer to the end game. We are no longer masters of our own fate."

Edited by Russ, 04 November 2013 - 11:54 AM.

[johngeorge]

Russ

Thanks for the links. Read the article and I must say it is rather chilling.

Something quite interesting from the linked article above...


"Credible sources here in Washington have shared a chilling back-story that took place involving the President and congressional leaders of both parties as the clock ticked down to the Treasury running out of cash earlier last month. It seems that more than one creditor nation, led by the Chinese, indirectly telegraphed a willingness to take very draconian measures in response to a ‘debt default’ – apparently even if coupon payments were made on outstanding debt owed to them. Those measures were set to go way beyond being financial, and were said to be credible in nature.

At least one senior Republican scoffed at the threat, but relented when briefed by (at least nominally) non-political figures in the national security community. That explains why, in part, the whole stand-off ended with a whimper and not a bang.

The implication? The country is far deeper down the rabbit hole of debt than most fathom. The current paradigm has moved one step closer to the end game. We are no longer masters of our own fate."

[Russ]

quote name='johngeorge' date='Nov 4 2013, 09:03 AM' post='676412'

Russ

Thanks for the links. Read the article and I must say it is rather chilling.

..... lol

[Russ]

here's the answer .....

[senorBS]

Russ

Thanks for the links. Read the article and I must say it is rather chilling.

Something quite interesting from the linked article above...


"Credible sources here in Washington have shared a chilling back-story that took place involving the President and congressional leaders of both parties as the clock ticked down to the Treasury running out of cash earlier last month. It seems that more than one creditor nation, led by the Chinese, indirectly telegraphed a willingness to take very draconian measures in response to a ‘debt default’ – apparently even if coupon payments were made on outstanding debt owed to them. Those measures were set to go way beyond being financial, and were said to be credible in nature.

At least one senior Republican scoffed at the threat, but relented when briefed by (at least nominally) non-political figures in the national security community. That explains why, in part, the whole stand-off ended with a whimper and not a bang.

The implication? The country is far deeper down the rabbit hole of debt than most fathom. The current paradigm has moved one step closer to the end game. We are no longer masters of our own fate."

and which country per Dharma's post in the other thread keeps importing huge amounts of Gold? Hmmm, it's China

[crossd]

http://www.cknw.com/audio-vault/ (Nov. 2, 9 am)

Armstrong Nov 2 www.cknw.com :

Gold: crack just under 1000 by early 2014, that will most likely be THE low.
2015 worst case for final low in Gold

Pension funds will be next crisis, late 2015 into 2017-18
Government may seize all pension funds (and put the debt bonds into them)

Interest rates must rise for gold to go up, as the rates rise the debt expense crisis will start to unfold
Gold can go up until 2032

Russ...on Martin Armstrong's global economic model..which commodities or equities or interest rates are in sync with the model and which behave inversely?..i take it gold behaves inversely..true? or not?

donc

[Russ]

http://www.cknw.com/audio-vault/ (Nov. 2, 9 am)

Armstrong Nov 2 www.cknw.com :

Gold: crack just under 1000 by early 2014, that will most likely be THE low.
2015 worst case for final low in Gold

Pension funds will be next crisis, late 2015 into 2017-18
Government may seize all pension funds (and put the debt bonds into them)

Interest rates must rise for gold to go up, as the rates rise the debt expense crisis will start to unfold
Gold can go up until 2032

Russ...on Martin Armstrong's global economic model..which commodities or equities or interest rates are in sync with the model and which behave inversely?..i take it gold behaves inversely..true? or not?

donc

Yes I think that is true, Gold went up into Aug. 2011 - Silver peaked a few months earlier, the ECM went into its down phase from the peak in early 2007 (housing market was the main focus of capital then) and the ECM bottomed around June 2011.
Each up cycle of the ECM will see capital concentrating in a different area, on this phase of the ECM the focus is on the blue chip stocks.

So that is why Armstrong says Gold will rally strongly after 2015.75 as the ECM goes into its next 4.3 (half of 8.6 cycle) down cycle. I personally think Armstrong should get the Nobel Prize in Economics for this model.

[SemiBizz]

[/quote]


and which country per Dharma's post in the other thread keeps importing huge amounts of Gold? Hmmm, it's China
[/quote]


And what do they export besides all those trinkets we don't need? How much gold you need to buy an oxygen tank?

[dharma]

so its not just capitalism that destroys the environment for profit. looks like the chinese communists dont take a back seat to any capitalists. its about profits , not about life and people its the age we live in and all the while fukushima destroys the pacific dharma light up , eat salmon

[stubaby]

light up , eat salmon