Is Gold an attractive proposition?

Please Consider the link quoted below..

The governments of every major nation are going to default on their debts

There are two relevant questions: (1) How? (2) When?

Establishments around the world all deny this. They have gained power and wealth by means of the expansion of government. They have justified their success by insisting that the government-business alliance is the only way to establish economic growth and economic security for the masses..”

And then please consider..

“Every paper currency in history eventually reaches its intrinsic value – zero – and the Fed’s Ben Bernanke is doing all he can to see that the dollar becomes worthless sooner rather than later. As Marc Faber told an investment conference crowd recently, Zimbabwe’s serial inflator Robert Mugabe is Bernanke’s mentor.”

Gold stops this nonsense dead in it’s tracks. Consider the following scenario and understand why paper money is theft, by it’s very nature.

“Suppose you buy some real estate and intend to hold it for 10 years.

You have the choice to pay either 200,000 dollars for the property or 200 ounces of gold (in American Eagle coins).  At the end of the 10 years, the value of the U.S. dollar has fallen in half.  All real estate, quoted in dollars, has doubled.  But the price of your property in gold is still 200 ounces.

Along comes the Internal Revenue Service and says, “Sir, you have made a handsome profit on your real estate.  You bought it for 200,000 dollars and sold it for 400,000 dollars.  Here is your tax bill.  You, however, reply, “I did not buy the property for dollars.  I bought it for ounces.  I paid 200 ounces, and I sold it for 200 ounces.  I made no profit at all.  My house did not go up; your dollar went down.  But since I did not use your dollars, what does that have to do with me?

But our governments and banks conspire to prevent this, by insisting that we trade in their paper currencies and enforce court orders to uphold their system. Then consider that

THEY DO NOT HAVE ANY MONEY IN THE FIRST PLACE !

- THEY LITERALLY CONJURE IT INTO EXISTENCE!!

So you are forced to convert your real wealth into their paper pretend wealth, at which time they can then tax and inflate it away as required to suit their current needs.

“What is wrong with the economic establishment todayis that it raises its capital by having the central bank create money out of nothing.  In effect, our governments are robbing us and giving to them.

It makes money, not by creating wealth, but by going into debt.  The more debt the more they make.  This was the cause of the enormous profits made by Wall Street in the early years of this century.  The problem with this system is that conditions change.

Their high-risk strategies which make lots of money in the early part of the cycle cause them to go belly up in the late part of the cycle.  The last time this happened the Government admitted that its function was to rob from the common people and give wealth to these powerful interests.

It argued that they were “too big to fail.”  Well, they got so big because the Government stole wealth from us and gave it to them.  They never produced any wealth.  And the whole purpose of Bernanke’s ultra-easy credit policy of 2008 was to steal more from us and give it to them.

The system cannot continue as it is going.  The stealing must either progress to the point that it destroys our society or it must stop.  In 4th century A.D. Rome, they chose the former path.

People stopped using money; the society reverted to barter, and the economy of western Europe collapsed.  The barbarians swept across the Empire, and millions of people died of war, plague and famine.”

When is the world going to wake up to this nonsense?

Haha Classic TV from Jan 2008, Mike Norman (cock) versus Peter Schiff – Senator-in Waiting re the future of Gold.

Peter was of course saying, “Buy Gold – it has a long way to go yet..”  Mikey-boy was saying he sold out at $650 an Oz and that “Gold is a lousy investment“ 

If this Dog was called Mike Norman, this dog would stop going on TV debating people because it’s clear the Dog called Mike Norman doesn’t have a fucking clue about anything to do with bones.

This truth-hound was barking warnings more than a year ago that the decisions made meant the inevitable end of the Dollar as we know it.

Well it’s happening right now, .. fatally wounded the US Dollar has started it’s giant slide into oblivion..

Larry Edelson writes

Make no mistake about it.

The developments over the last three weeks affecting the U.S. dollar — which continues to sink in value — are the most critical financial developments of your lifetime.

The U.S. dollar has now entered the final days of its reign as the world’s reserve currency.

1. Behind closed doors, the G-20 countries have now taken control of the world’s economic caretaking. It is no longer the G-3 nations that are in charge … or even the G-7 nations. The G-20 is in charge.

Put another way, the U.S. is now being forced to placate our largest creditors in an international forum, where it is now just one of 20 countries in charge of the world’s economic affairs. And it is the largest debtor of the group, by far.

2. Behind closed doors, the Arab Gulf States have also been meeting with Russia, Japan and China to replace the dollar for pricing oil. Make no mistake about this: The world as you know it is changing.

3. And yet, in the open, in public, Washington isn’t making one single comment about these developments. Not one peep. Not even trying to jawbone the dollar higher.

Why? Because, whether our leaders admit to it or not, their top priority is clearly to let the U.S. dollar fall in value, even if it ultimately means that it will be replaced by a new world reserve currency.

Even if it ultimately means your cost of living is going to skyrocket, and everything you ever knew about the world is turned upside down.

Their hidden rationale: To inflate away the mountains of debts in this country, by artificially raising asset prices via devaluing the currency in which most of the world’s major assets are denominated.
Whether our leaders admit it or not, their top priority is to let the value of the U.S. dollar fall.

Don’t get me wrong. It is a sad state of affairs the U.S. finds itself in: The massive financial crisis, Washington’s gargantuan $125 trillion in debt, the real estate crisis, and ultimately, the end of the dollar as the world’s reserve currency.

But there’s nothing you or I can do about it, except protect our wealth and seek out the profits we can reap as well.

That’s why, back in April of this year in a Money and Markets column I wrote, I said unequivocally that real money — gold — was the only win-win investment I knew of.

Now, is it any surprise then that gold has busted through to new record highs?

Is it any surprise that gold mining shares are taking off to the upside, soaring as much as 8 percent in a single day last week?

Is it any surprise that other tangible asset markets are also starting to rally sharply again — oil, copper, platinum, palladium, and silver?

Or that even agricultural commodities look like they are bottoming and appear poised for significant rallies?

I don’t think so. It’s hardly surprising at all. For when paper currencies are devalued, savvy investors turn to natural resources and tangible assets to protect their money.

Natural resources, including gold, are starting to rally sharply again.

My view: If you’re not seeking out shelter from the falling dollar by investing in gold and other natural resources, your wealth is going to be confiscated from you on the sly by Washington.

That means it’s mandatory that now, more than ever before, you take the following steps …

First, with the next phase down in the dollar starting, continue to steer clear of all U.S. Treasury notes and bonds. Not only is the yield still meager, but with the dollar set to lose much more purchasing power in the months and years ahead, Treasury notes and bonds are a losing proposition. Period.

Also continue to steer clear of foreign sovereign notes and bonds. They too, while maybe more attractive in yield, will likely suffer as the world goes through a massive change in the currency markets, the result of the dollar’s eventual replacement as the world’s reserve currency.
Second, and very importantly:  GOLD

He cant make it any clearer to you, if you still want to waste your time arguing about trivial daily nonsense, Health Care systems that will fail as you go bankrupt anyway, that kind of thing, well then you can’t be helped.

It never ceases to amaze the Dog how the humans never seem to tire over making the same mistakes over and over again.

Whether it’s the exact re-enactment of everything they did wrong during the Great Depression of 1929, or re-embarking on hopeless  military campaigns just a few years after the previous super-power got their arses kicked, the 2-legged ones never seem to learn.

The Dog’s a wise ol’ canine these days which unfortunately means he’s well past the stage of learning any new tricks, however he only has to get bitten once by a bigger dog and he won’t get bitten again..

Humans still have a LOT of evolving to do by comparison.

A clear 3 months ahead of the day the inevitable family question appears, like the annual reminder the summer’s over..   “What do you want for Xmas?”

er.. something to make the family xmas boredom pass easier please?

Well, this year the dog’s thinking about getting the gambling kit out and fleecing Grandma out of the family gold, being as “the sky is about to fall in” according to the humans and the yellow stuff is going to get really valuable, apparently we’re talking over 700 bones for an Oz of the stuff soon, and maybe 3 times that eventually.

But the old roulette set is past it’s best now and the pups have eaten all the gambling chips, so  the dogs been browsing the web and likes these a lot..

Luxury Backgammon Boards from a slick (new? – Doggy browsing  didnt show  it up last year)  site called Zontik Games -  www.zontikgames.com

Gran’s a hardcore gambler, mainly poker though as the sly old dog has the straightest  poker jowls you can imagine, like bones wouldn’t melt in her scheming mouth..

So am thinking I’ll buy her this fab little ebony poker set to throw her off guard, the family can buy me the blue backgammon set, then I’ll use them both to extract all available cash from the lot of them in return for putting up with the whole pack’s nonsense for 2 weeks.

]]> http://doggings.wordpress.com/2009/10/09/xmas-gambling-boner/feed/ 0 doggings luxury backgammon set http://doggings.wordpress.com/2009/09/29/mike-norman-what-a-cock/ http://doggings.wordpress.com/2009/09/29/mike-norman-what-a-cock/#comments Tue, 29 Sep 2009 11:10:07 +0000 doggings http://doggings.wordpress.com/?p=578 ]]>

The dog’s seen some sour grapes in his time but this really takes the proverbial Bonio..

This bozo was one of Schiff’s hapless clueless opponents on one TV show or another at some point over the whole time that Peter Schiff was RIGHT about the economy being a false debt-based house of cards, waiting for a gust of wind to crumble it.

- And pup, was he right.. watch just how right he was in the video below..

However, Norman, rather than taking it like an adult, starts throwing hissy-fits of the greatest calibre on Youtube, embarrassing himself at least 1.3 trillion (billions are so 2008)  times more than the original footage ever did..

It must be really burning him up that Peter Schiff is running for Senate, while he is reduced to sour grapes Youtube recordings (with the Stars & Stripes behind him like some loon survivalist FFS!) that he would start trying to call the Schiffmeister “sick” for being so right, while numpty and all his numptie economics “yes men” was so, so wrong.

Bwahahahahahahahaha !!!!

Norman, you are a COCK.

The “wishful thinking” and well, just childlike (puppy obviously) gullibility of the general public never ceases to amaze this dog.  Obviously being a canine there was no dogmoney school, so the finer points of the bone trade escape me, but from about mid 2005 doggy instinct told me that all was not “great” or “well” or “rosy”, at all, and that everyone was living now on the promise of paying back shitloads of bones at some later point, and that was clearly wrong.

We either do have the fucking bones or we don’t, the whole worlds dogs can’t all borrow bones and live like from the great Bone-Master forever, it had to stop one day.

So this dog cashed in his kennel for bones back here

And since then everything has happened pretty much as it had to, including the start of the end of the current people-money system.

However, despite actually seeing the edge of what is to come, the humans en-masse all appear to think that they can escape their fate? Humans are wierd.

So at this point I’ll hand over to one of them who surprisingly does seem to understand – not like the way dogs just intuitively know, but this human seems to know the why’s too so over to him from here

We now have zero percent money, which is even better than the ½% charged by Japanese banks or 1% charged by central banks to lease gold. But that few sovereign bonds are attractive today’s borrowers are going into junk bonds, stock markets and even gold and silver.

That will continue as long as interest rates remain at current levels in the US. Despite efforts by some central banks, such as the Swiss and Canadians to hold the value of their currencies down, they continue to appreciate. As the Fed has said, zero interest rates will prevail for sometime to come. That means perpetual downward pressure on the dollar and continued upward pressure on gold and silver.

Low rates will last at least two more years, as will increasing money and credit in spite of all the rubbish we hear of exit strategies we hear from the Fed and the G20. Just pipe dreams and lies.

The nations are all trapped in a box and none of them can escape, unless they own gold and silver. Eventually the US bond market will collapse, as Wall Street believes what the Fed says.

The intersession of the Fed into markets has to continue or the system will collapse and deflation will take over. This desperate situation will force more and more players into the dollar carry trade into gold and silver. Monetary stimulus is the only thing that can keep the ship from sinking.

The dollar as we predicted will test USDX 71.18 by the end of October or at least by the end of the year.

The dollar is being dumped wholesale, something that should have happened ten years ago. It didn’t happen because of massive US pressure on all nations not to jump and play along within the game.

During the first six months of next year 71.18 will be broken. First to 65, then 60, then 55, then to 50 and perhaps to 40 giving new and greater impetus to higher and higher gold and silver prices as the dollar carry trade goes wild.

That means that probably the dollar will be officially devalued and debt will go to default in 2011.

They won’t be alone.

There will be another Smithsonian or Plaza type meeting and all currencies will be officially devalued or revalued against one another and all debt will be reduced by 2/3’s.

A new international trading unit will be formed and three old dollars will be replaced by one new dollar.

Do not ask how domestic debt will be settled because we do not know. Logically it should be on the same basis as international settlements, but who knows what these criminals will do.

Not only is the US financial structure doomed but also so is that of the entire world. That is why gold and silver investments are so important.

Gold and silver are breaking out because in part we have a carry trade that is looking for action and gold and silver markets are not reflecting their intrinsic value. They are way under priced due to the criminal activity of central banks, all of which are controlled by the Illuminists.

Eventually zero interest rates and the dollar carry trade, just like with the yen, will cause terrible distortion. Inflation since 1980, real inflation, demands gold over $6,000 an ounce. The question is how far will it go? Markets have a way of getting way overpriced and that could happen to gold and silver.

You say to yourself how could this happen? It didn’t just happen it was planned that way to force the world’s inhabitants to accept world government. Zero interest rates guarantees the destruction of new capital formation as money runs to asset accumulation or preservation of wealth.

Monetization is running rampant even at Treasury auctions as dealers buy for the Fed, the Fed buys through the Cayman Island and their swap partners use swap dollars to buy at the auctions as well.

We just found out from the Fed that they lied about gold swaps. What do you think the percentages are that they are lying about currency swaps and secret Fed buying of Treasuries from secret offshore locations? All this means gold will quickly hit $2,000 and climb to $3,000 in 2010. 2011 will be another doubling, and the end of phase 3. The question is will we have a phase 4? If we had to bet on it we’d say yes. Would you believe $12,000 or more? As this all transpires only about 15% of Americans will catch on and the rest will lose almost everything. Or perhaps, revolution will change that.

Julian Robertson, founder of Tiger Mgt. told CNBC, if the Chinese and Japanese do not buy our debt inflation could go to 15% to 20%. “It is a question of who would lend us the money if they don’t. They really control our destiny. They own almost exclusively short-term debt, because we cannot sell long-term debt. Americans need to start saving and we have to grow out of the problem.”

basically it’s coming bitches

-and there’s no amount of wishful thinking about “recoveries” going to make any difference, so just make sure you’re one of the 15%, and make sure you take care of your dogs, because within 3-5 years they’ll be worth much more to you than a pocket full of those paper bones you all value so much.

This is brilliant. If like this dog because youve had a PC for years everybody thinks you’re the “PC support expert” for every vaguely related computer problem they get, this may help you greatly

As we all know, it’s 99.99% of the time a “Wetware Issue” ie.

“The problem lies between the keyboard, and the chair.. “

Or you could try this amazing new idea that can help you with any problem

Between these two radical new approaches the Dog’s pretty sure you will now be able to

SORT YOUR OWN SHIT OUT!!

From here:

A man found naked at a casino claimed he was a Terminator sent from the future. 19-year-old Sean Stanley Smith was arrested on the Nevada border after he was spotted by a motorist wondering around the highway nude.

He was ordered by police to stop but proceeded into a nearby casino – where he was then tasered in front of a group of children.

Smith claims he was a Terminator sent back in time from the future – a reference to the film character made popular by Arnold Schwarznegger in the sci-fi franchise.

The films usually start with a naked man being transported to the past.

However, it turned out that Smith was not a time-travelling Terminator but was in fact suffering from the side effects of LSD and marijuana.

He was charged with indecent exposure and resisting a police officer.

A rare soppy post from this dog, but this one is close to my heart.

The best boy ever

In memory of the best boy there ever was…

1. My life is likely to last 10-15 years. Any separation from you is likely to be painful.
2. Give me time to understand what you want of me.
3. Place your trust in me. It is crucial for my well-being.
4. Don’t be angry with me for long and don’t lock me up as punishment. You have your work, your friends, your entertainment, but I have only you.
5. Talk to me. Even if I don’t understand your words, I do understand your voice when speaking to me.
6. Be aware that however you treat me, I will never forget it.
7. Before you hit me, before you strike me, remember that I could hurt you, and yet, I choose not to bite you.
8. Before you scold me for being lazy or uncooperative, ask yourself if something might be bothering me. Perhaps I’m not getting the right food, I have been in the sun too long, or my heart might be getting old or weak.
9. Please take care of me when I grow old. You too, will grow old.
10. On the ultimate difficult journey, go with me please. Never say you can’t bear to watch. Don’t make me face this alone. Everything is easier for me if you are there, because I love you so.