tag:blogger.com,1999:blog-4921988708619968880.post1677693634104514754..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: Debt Rattle, February 25 2008Ilargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-4921988708619968880.post-89893928949157307682008-02-25T23:09:00.000-05:002008-02-25T23:09:00.000-05:00Jim Sinclair knows a bit about gold“Dear CIGAs,The...Jim Sinclair knows a bit about gold<BR/><BR/>“Dear CIGAs,<BR/>The following is the history of the IMF and their gold sales. It is important to note that their sales all have taken place at times when major bull markets were either just beginning or, as in 1976-1980, at the start of the major parabolic move to then all time highs.<BR/>[…]<BR/>That is the only implication IMF sales have to the Bigelowhttps://www.blogger.com/profile/16883913065391637120noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-73488461766907528652008-02-25T20:16:00.000-05:002008-02-25T20:16:00.000-05:00CR,I saw that and it confirms, to an extent, my ji...CR,<BR/><BR/>I saw that and it confirms, to an extent, my jitters about gold: there's no commodity that can be so easily and so strongly manipulated.<BR/><BR/>That said, the IMF gold sales were talked about at length for quite a while, since they're flat broke. All the central banks just have to quit unloading their gold for a bit now, and can resume that once the IMF has dumped its share.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-8728518225936559812008-02-25T18:54:00.000-05:002008-02-25T18:54:00.000-05:00New York gold futures finished lower after an U.S....<I>New York gold futures finished lower after an U.S. official said that Congress could support gold sales by the International Monetary Fund (IMF), stirring fears that such sales will take a toll on sentiment and weigh heavily on bullion.</I> <BR/><A HREF="http://www.reuters.com/article/marketsNews/idINN2526779220080225?rpc=44&pageNumber=3&virtualBrandChannel=0" REL="nofollow">Reuters</A><BR/><Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-21945156977932413842008-02-25T17:24:00.000-05:002008-02-25T17:24:00.000-05:00On the topic of 'the rich being picked on' http://...On the topic of 'the rich being picked on' <BR/><BR/>http://www.kirotv.com/news/15367749/detail.html?rss=sea&psp=southsoundnews<BR/><BR/>Bricks with notes tossed into banksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-63474545075917697202008-02-25T14:15:00.000-05:002008-02-25T14:15:00.000-05:00Boomy,I would expect the nominal prices (unadjuste...Boomy,<BR/><BR/>I would expect the nominal prices (unadjusted for deflation of the money supply) of most things to fall, even food and energy, as deflation results in demand destruction (where demand is not what one wants, but what one is ready, willing and able to pay for). However, as you point out, that doesn't mean that essentials become cheap as purchasing power would almost certainly be Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-48805568731629514232008-02-25T11:53:00.000-05:002008-02-25T11:53:00.000-05:00So in recent days The Automatic Earth has suggeste...So in recent days The Automatic Earth has suggested that cash will be King in the not too distant future. If cash gets so tight that few people have any, energy costs, especially fossil fuel types and all food prices go thru the roof and the situation declines into something resembling chaos and anarchy. Well, at that point what good will cash do you if you don't have something to protect your boomyhttps://www.blogger.com/profile/15877256233440037574noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-52605296178411877332008-02-25T10:56:00.000-05:002008-02-25T10:56:00.000-05:00The Financial Sense News Hour, with Jim and John, ...The Financial Sense News Hour, with Jim and John, is interesting in that they're calling for a recession based upon how the Fed will react - ie tax the rich. They put forth the theory (not quite tickle down) that tax cuts spurn innovation and profits while increasing taxes cuts them. I don't agree - mostly. They figure undoing the Bush wacking tack cuts will further drive the USA into Anonymousnoreply@blogger.com