Hawk talk going to lead to a drop in gold?

[krakknisse]

Re: Hawk talk going to lead to a drop in gold?

Here, this ought to improve Krakknisse's mood. A picture from Sinclair's website, of a policeman ( country unnamed, but looks vaguely Northern European ) using a hand grinder to "open and audit" safety deposit boxes. Enjoy!

Well it is a good thing that I am a patriotic debtor like any other. Yes sir, I signed up for the mortgage+house deal finally. Now I have my own house (with the help of my friendly neighborhood bank). This gold thing - I'm just curious. But what sane person would actually invest in it? This peak oil thing - I'm sure the governments will figure something out.

[Guest]

Re: Hawk talk going to lead to a drop in gold?

Well it is a good thing that I am a patriotic debtor like any other. Yes sir, I signed up for the mortgage+house deal finally. Now I have my own house (with the help of my friendly neighborhood bank). This gold thing - I'm just curious. But what sane person would actually invest in it? This peak oil thing - I'm sure the governments will figure something out.

Yes you are right. At least we can take pride in the fact that we are not layabouts and we paid hefty and serious amounts of money to buy homes, so that rather than be whiners, we could work our way up the socioeconomic ladder the old fashioned way, not like these feverish gold collecting nihilists. We are constructive. We pay our taxes without complaining or questioning whether our government knows how to spend our money wisely. Why? Because we ourselves are wise, and we know our governments represent the best minds that our countries can summon to sort out the problems. It's elementary.

Those idiots buying gold are out of their gourds. They babble on about how the government is bankrupt. What arrant nonsense. As though governments could go bankrupt. :p :p :p What a dumb joke. Don't they know the government can issue new credit whenever it needs to? This isn't the middle ages, we are in the 21st Century! They will die of old age before the government obliges them by going bankrupt - the silly fools! Government is the repository of the public money, so it's a misconception to think they can go "bankrupt". Only an ingenue would believe such a thing!

And about the pricey petrol and all that Peak Oil nonsense that more and more people are babbling about, you'll see, the governments will put their wise heads together and figure out how to sue the oil producing countries so that we can have fair prices again! Silly gold hoarding and Peak Oil twits! Governments represent the best and the wisest. That's why we voted for them! We'll put together batteries of high powered international lawyers and sue the oil cartel for price fixing, then just watch, as OPEC will be quaking in their boots!

[The Outback Oracle]

Re: Hawk talk going to lead to a drop in gold?

Crikey Lukester...whoda a thunk it???????????????????????

[krakknisse]

Re: Hawk talk going to lead to a drop in gold?

I always find The Bard enlightening:

Hume must make merry with the Duchesse Gold:
Marry and shall: but how now, Sir Iohn Hume?
Seale vp your Lips, and giue no words but Mum,

(Henry VI, part 2)
Or, in a more classical language: Και οι τοίχοι έχουν αυτιά.
A more challenging one: Bíonn cluasa ar na clathacha.

[krakknisse]

Re: Hawk talk going to lead to a drop in gold?

I found a very nice proverb that is pertinent to the current situation. I wish I could say it to Bernanke: "Claude os, aperi oculos!"

Eloquent latin oratory is different from English - the eloquence is in the -os- repeating and the rhyme between claude-os and ocul-os. But the meaning is still the most biting in that one - for Bernanke.

- Corruptissima re publica plurimae leges (Tacitus)

[tree]

Re: Hawk talk going to lead to a drop in gold?

Three words:
Widespread bank failure.

[Guest]

Re: Hawk talk going to lead to a drop in gold?

Looks like Bernanke, Trichet, et al. are starting to get on the hawk bandwagon.

If we have a globally concentrated effort to stem inflation, we may see precipitous drops in gold prices.

http://www.bloomberg.com/apps/news?p...Olk&refer=home

They talk alot about losing weight at Jenny Craig and other weight loss places. They talk a whole lot about it. Some members, in expectation, rush out and buy smaller clothes. But how often does someone really lose and keep off the weight?

The difference here is, at least people CAN lose weight. It's questionable how the US government and the Fed can stop inflation when we spend about $200-500B more a year than we take in in revenues during so-called "boom times" and we're hardly looking at a rosy economic picture in the near term, and we've got a 50% chance of a much more free-spending congress/president combination being in place in 6 months. That cash shortfall is made up in newly created money, which is by definition, inflation.

I CAN bite the bullet, eat 1,000 cal a day with no carbs, exercise and lift weights 3 hours a day, and resemble my old self of 10 years ago in about 2 months time. But will I? In the long run it matters not if someone else thinks I can or not. If I don't I don't. In 3 months if I've gained 10 lbs, it's a pretty good bet that I won't reach my goal.

[metalman]

Re: Hawk talk going to lead to a drop in gold?

They talk alot about losing weight at Jenny Craig and other weight loss places. They talk a whole lot about it. Some members, in expectation, rush out and buy smaller clothes. But how often does someone really lose and keep off the weight?

The difference here is, at least people CAN lose weight. It's questionable how the US government and the Fed can stop inflation when we spend about $200-500B more a year than we take in in revenues during so-called "boom times" and we're hardly looking at a rosy economic picture in the near term, and we've got a 50% chance of a much more free-spending congress/president combination being in place in 6 months. That cash shortfall is made up in newly created money, which is by definition, inflation.

I CAN bite the bullet, eat 1,000 cal a day with no carbs, exercise and lift weights 3 hours a day, and resemble my old self of 10 years ago in about 2 months time. But will I? In the long run it matters not if someone else thinks I can or not. If I don't I don't. In 3 months if I've gained 10 lbs, it's a pretty good bet that I won't reach my goal.

Peak Cheap Oil Diaries: Anatomy of a collapsing government sponsored oil anti-bubble

Inflation is raging out of control. That much is obvious. Yet for some reason at least as many Americans as watch American Idol still hold out hope that the Fed intended the inflation as a policy to take the edge off the credit crisis, like drinking Drain-o to kill a tequila hangover, or like hoping to have a little pregnancy now to avoid a bigger one later, or perhaps they hope Ben Bernanke, like Pee Wee Herman after falling off his bicycle in Pee Wee Herman’s Big Adventure, will jump up any day now and giggle, “Hee-hee. I meant to do that!”

yep, we're a little pregnant with inflation.

[Guest]

Re: Hawk talk going to lead to a drop in gold?

Krakk - after 25 years steeped in Princeton's academia, Bernanke probably won't sting sufficiently in response to any mere biting rejoinders. He's probably spent a good few evenings steeped in his own selections of Shakespearean verse, imagining it's tart and pithy applicability to all sorts of lofty academic homilies he could employ to delight and entrance a NY Press Club dinner speaking engagement. Too many years spent in the halls of academia may have rendered him impervious to that sort of rebuke. What Bernanke maybe needs at this eleventh hour, is a good stiff pine board bolted to his spine, to stiffen it up a bit. He has plenty of "subtlety" meanwhile to bring to bear as well, but the stiff spine is the weak point. Also a good sharp cleaver would come in handy at some point, with which to chop the leash, that binds him to the White House's bidding.

[metalman]

Re: Hawk talk going to lead to a drop in gold?

Krakk - after 25 years steeped in Princeton's academia, Bernanke probably won't sting sufficiently in response to any mere biting rejoinders. He's probably spent a good few evenings steeped in his own selections of Shakespearean verse, imagining it's tart and pithy applicability to all sorts of lofty academic homilies he could employ to delight and entrance a NY Press Club dinner speaking engagement. Too many years spent in the halls of academia may have rendered him impervious to that sort of rebuke. What Bernanke maybe needs at this eleventh hour, is a good stiff pine board bolted to his spine, to stiffen it up a bit. He has plenty of "subtlety" meanwhile to bring to bear as well, but the stiff spine is the weak point. Also a good sharp cleaver would come in handy at some point, with which to chop the leash, that binds him to the White House's bidding.

these bastards hired a well meaning academic for a reason... to make sure he'd give it his best and leave in disgrace when the whole pile of shit fell apart anyway. the harder he tries, the more he puts his signature on the failure and takes away from the bad guys who created the problem. if i were him i'd quit asap.

[krakknisse]

Re: Hawk talk going to lead to a drop in gold?

these bastards hired a well meaning academic for a reason... to make sure he'd give it his best and leave in disgrace when the whole pile of shit fell apart anyway. the harder he tries, the more he puts his signature on the failure and takes away from the bad guys who created the problem. if i were him i'd quit asap.

Lukester and Metalman: I truly agree. In times such as these, it is Kremlinology that is the relevant science. Quants can stuff it. Bernanke has no independent political power base, and he will go - the scapegoat when the impeller has impelled the excrement sufficiently deep. Methinks that Trichet will go, too, when the Euro creaks in its seams. It won't matter. Weight loss is an apt analogy: in 5 years after any weight loss programme, nearly all overweight people are right back where they began, or worse. This is an addiction of sorts. They won't change until they have an "epiphany of the gutter": an addicted person that won't really change until they have hit rock bottom.

[GRG55]

Re: Hawk talk going to lead to a drop in gold?

Yes you are right. At least we can take pride in the fact that we are not layabouts and we paid hefty and serious amounts of money to buy homes, so that rather than be whiners, we could work our way up the socioeconomic ladder the old fashioned way, not like these feverish gold collecting nihilists. We are constructive. We pay our taxes without complaining or questioning whether our government knows how to spend our money wisely. Why? Because we ourselves are wise, and we know our governments represent the best minds that our countries can summon to sort out the problems. It's elementary.

Those idiots buying gold are out of their gourds. They babble on about how the government is bankrupt. What arrant nonsense. As though governments could go bankrupt. :p :p :p What a dumb joke. Don't they know the government can issue new credit whenever it needs to? This isn't the middle ages, we are in the 21st Century! They will die of old age before the government obliges them by going bankrupt - the silly fools! Government is the repository of the public money, so it's a misconception to think they can go "bankrupt". Only an ingenue would believe such a thing!

And about the pricey petrol and all that Peak Oil nonsense that more and more people are babbling about, you'll see, the governments will put their wise heads together and figure out how to sue the oil producing countries so that we can have fair prices again! Silly gold hoarding and Peak Oil twits! Governments represent the best and the wisest. That's why we voted for them! We'll put together batteries of high powered international lawyers and sue the oil cartel for price fixing, then just watch, as OPEC will be quaking in their boots!

Luke: The guy in the pic you posted isn't looking for stolen jewelry or artwork. That's small beans. He's breaking into every safety box owned by a Sheikh looking for evidence for the OPEC lawsuit.

I feel better already...