When Yellen says it’s not the Fed’s fault… does anyone actually believe her?
We apologize for the mediocre audio quality. I have done my best to clean it up but I though the topics Valentin covered were too important to not post.
Click download link to listen on this device: Download Show
There is a chance that the revolution you talk about will take place where it should and that is the ballot box.
A sad comment, Al….like the market it’s rigged…wasn’t it Teddy Kennedy who referred to the best government money can buy
Oh man of faith.
I am not sure if he said that, but it would probably fit.
“… the best government money can buy”. The esteemed and prescient Mark Twain penned those words.
Thanks Dallas
h man of faith, Big Al, I, however, don’t see a choice between corrupt Mr. Dumb and corrupt Mr. Dumber, a revolution, absent a miracle.
And those don’t happen too often.
Sadly, Al, no it won’t. Take place in the ballot box, that is. Where it will take place is, unfortunately, every city and town, every street and neighbourhood, in the form of The Second American Civil War. Roughly the same confluence that produced the first American Civil War is extant again, and since the only thing humans learn from history is that humans are incapable of learning from history, here we go again. The Second American Civil War will both repeat and rhyme, in that there will be a repeat of the death and devastation of the first, but there will be no re-unification in the aftermath, thus the rhyme. Enjoy this Fourth of July; it could very well be the last one observed by the current United Banana Republic States of America.
I kind of doubt it MAD. Half the population is on government benefits of one kind or another and tens of millions get food aid. Who is left to rebel? Government employees? Private sector workers? Unwed mothers? Pensioners, farmers, military, police, firefighters or unions? The only time you would get a rebellion is if the boob tube got turned off!
From remarks you’ve made you’re apparently somewhere outside of the U.S.; lucky you. You’ll get to watch it from a safe distance. That it will happen is a foregone conclusion. And it’s not a question of whom will rebel, because rebellion is not the correct paradigm here. The participants / combatants will be the various groupes you’ve mentioned who, one by one, will get their unearned sustenance removed. Ever watch a log jam or an ice jam break up ? I have, both kinds in fact. At first, nothing seems to be happening, then slowly, inexorably, one log or one ice floe breaks loose, then another, and another, then the “key” log or floe breaks loose and suddenly a torrent is unleashed that nothing can stop, and one best not be in its way. That’s how the Second American Civil War is going to unfold, just as such a breakup. Be thankful you won’t be in the way. I shall be, as well.
MAD…..I have to agree…Re the 4th , yes sad to say it could be the last.
I certainly hope not Dallas.
I realize we live in trying times for some of us.
My suggestion is to tell others what we believe to be the truth and, in the short term, see what happens.
AL…With all due respects , it wont be the ballot box…It does not matter who the people vote for things will stay the same…..Read your history , ink doe’s not change things…crude weapons….DO.
I really believe that there are better ways to deal with the situation.
This is a rare time when I strongly to not agree with “Big Al”. It’s just tooooo late in the game. The “free stuff” army is waaaay larger than we are and “based on results” control the ballot box. Getting ones hopes up over a small victory from time to time is not a good idea & will slow you down on getting ready………….
You are probably right. I am not being wishy washy. I am simply stating I that this environment is very unfamiliar to me.
continuously
You cannot revolt against god. You see it’s god planned you’re living in. Scripted already a hundred years ago.
AH, NO……….
Birdman believes her!
I have my doubts on that, Matthew.
Well thanks Al. As Valentin pointed out we are awash in bubbles or near bubbles at this time. He mentioned the past housing meltdown and how it was partly driven by low rates as well as bringing up the student debt bubble, the bond bubble and now a stock market bubble.
He did not mention one of the most worrisome which is the debt bubble itself nor the credit bubble that still haunts us but he did touch on the fact that derivatives are blown wildly out of proportion to everything.
These are unique days. I am not sure a similar set of circumstances has ever existed nor in such extremes. Take China’s credit expansion as just one example or the impending debt bomb over in Japan. It is a worldwide phenomenon with asset prices in particular being so out of kilter with traditional measures.
Perhaps there has never been a time when we could so comfortably say that these bubbles are just troubles looking for a pin to pop them. Either that or this time really is different and we will have to rewrite the textbooks on what constitutes excessive valuations.
I do not however blame the Fed. They are behind the 8-ball on this thing and doing corrective interventions. It is a work in progress and lets face it, we are all in uncharted waters here.
Unless we are willing to say that somehow the Fed is able to control human behavior all over the planet or that they should be held responsible for fiscal policy in almost every country outside the US then I think it is probably a stretch to fault them when we see bubbles across the globe simultaneously.
As I pointed out here before, we have housing bubbles in East Africa too and they are in countries that have almost no credit whatsoever. How the hell could the Fed be responsible for that? To me, there is an element of herd behavior taking place here that is worldwide in nature. Maybe it is because of how so many countries are connected through trade agreements or perhaps it is that we have somehow become synchronized due to the media and internet.
I really don’t know although it is probable interest rates play a starring role.
The Fed is from….. Jekyll Island.
Make no mistake about it.
I’M NO……… DOLLAR DONKEY LOVE FESTER.
China now has all the aces, IMF is bought and
paid for. All the corrupt institutions have been
bought off by the east. China owns all the patents.
HELLO !!!!!!!
USA IS NO MORE….a nations currency fails as a
result.
Do you realize that our leaders are becoming filthy
rich taking ….billions ..and billions in bribes.
THE FAT LADY IS ABOUT TO SING……
Anyway, its a waste of time even typing this post.
EVERYONE IS BRAIN WASHED. It will stay like
that until its too late. Got no money or cigarettes. Ha
YES AND DAY MOVE it !https://www.youtube.com/watch?v=Qf39DM1l5kc
YOU LOOKING THE VIDIO’S AL ?
Definitely not a waste.
BUY SILVER
Anybody who believes the job figures should be put down for .being so fecking stupid …….Its all a scam to prop the dead DOLLAR up in its coffin……………..
WISE UP PEOPLE.
happy time’s https://www.youtube.com/watch?v=oL30jqawa4A
WESTERN WOLD COMONE !!!!!!!!!! ALL OK FOOTBALL AND BICK ?????????? https://www.youtube.com/watch?v=wQ0sIVbhMiY
Yes Franky, for the most part, I am watching them.
Some are quite good.
Wised up a long time ago!
But, Chris, the takers being in the majority, and voting for largess is not a stable situation. They can keep on voting but ultimately the system collapses. Engineering a new country rising from the ashes is important. Nothing is cast in stone that we HAVE to go through wars and a despot and the route that Alexander Tyler describes as the normal progression. If we can learn from history, just maybe this time can be different.
Speaking of new countries rising from the ashes I wonder how Ukrainians,Syrians,Libyans,Iraqi’s and Afghani’s are celebrating this fourth of July?
If they owned GDXJ
It was a big celebration.
Of coarse, those who insist stayin in their comatose state
ended Thursday with more of their own BS on their hands.
Speaking of BS,GDXJ has gone sideways for the last nine trading days,gold is flat and silver is rolling over.
It would be silly to suggest any investor should participate in on the rolling top.
Bobby,unfortunately,America is led by Skull n Bones alumni and CFR devotees.
You’re a real guru Matt.
Back in Dec. 2013 you gave me reasons that buying anything was foolish.
GDXJ is not rolling over in the high 20s right now.
GDXJ will go up and come down. Its the nature of markets.
Maybe you should consider graduating from novice to at least
Amateur. May not hurt, might help.
You’re right HH, the chart for GDXJ is not what one could call “rolling over.” It’s just the opposite, actually, a picture of strength.
Looks like Batman ears to me. If it has not already peaked it is damn close.
Batman lost Robin because he’s just an old flame now.
Robin sits in higher places as it climbs that wall of worry.
Anyway, suit yourselves. I recon I will be movin on soon.
Hope to stay in touch with Matthew other than that…. a person
has no chance to prosper here. Ameteur hour. Disgusting.
How I landed here 6 months ago I will never know.
Good for many laughs though.
Well Matthew ….lets hope we are right.
Certainly not looking to be spooked out
either. Any professional with knowledge
in the markets knows in postion type
investing you stay in as I believe we are
entering stage 2 of a very powerful rally.
Thanks for the valuable input. Its always
nice to hear your opinions.
Funny we got 2 Matts on the opposite side.
Seems to be a ongoing trend. With me in the middle.
Well, Matt and myself never agree on anything. It’s been
like that right from the…. get go.
Happy 4th…. Matthew. ; )
And to you too Matt… we just don’t get along. Unfortunately.
Over 100 years ago the Swiss philosopher Henri Amiel stated our case perfectly: “If liberty is to be saved, it will not be by doubters, men of science, or materialists; it will be by religious conviction, by the faith of the individuals who believe that God wills men to be free.”
Public officials always lie by omission. They never present the whole picture; merely those facts that make them look good. To expect otherwise is foolish.
Her function, regardless of what she might say, is to conterminously expand the money supply to allow government spending. Where money goes is not controllable, without political action. We have governments , however, that care not about lending; only about being re-elected.
I wait the revolution, if the public ever wakes up.