Jump to content

Mungo

Member
  • Posts

    925
  • Joined

  • Last visited

Mungo's Achievements

Newbie

Newbie (1/14)

0

Reputation

  1. Mungo

    Gold

    Gold ETF is nothing but fraud, just like the comex - at the end of the day only the physical will count.
  2. Mungo

    Gold in AUD

    Says it all, want to play the paper market this is what happens - Lets get physical. http://www.examiner.com/article/largest-du...stomers?cid=rss
  3. See what I mean by the citizens get shafted :- A Reuters article states that: 'No one knows exactly how much money has left Cyprus' banks, or where it has gone. The two banks at the centre of the crisis - Cyprus Popular Bank, also known as Laiki, and Bank of Cyprus - have units in London which remained open throughout the week and placed no limits on withdrawals. Bank of Cyprus also owns 80 percent of Russia's Uniastrum Bank, which put no restrictions on withdrawals in Russia. Russians were among Cypriot banks' largest depositors.' In other words, the plebs get shafted.
  4. Disagree, The Europeans bowed to Cyprus's (and Russian) demands to ensure that Cyprus stays within the Euro, thereby not triggering a CDS meltdown, in the end citizens get shafted to save the elite bankers who screwed up and keep screwing up. Watch the $U.S. v Euro over the next few months as I will imagine smart money will start moving out of European Banks and more than likely into U.S. T-Bills whilst they decide where to go on a more permanent basis.
  5. I hope they focus on the costings and where the money is going to come from for those so called policies, we are fast approaching 300 Billion of debt - not sustainable. There is no such thing as a free lunch.
  6. Mungo

    Gold

    Same old same Flower, no longer trade short term, tend to look at the big picture - I hope gold takes a battering so that I can load up the SMSF with good quality stocks, with good management, resources in the ground and no debt (very few) and the metal itself. Catchya in another few months.
  7. Mungo

    Gold

    Slowly but surely, game over along time ago - some just can't see through the fog thrown in front of them. http://usawatchdog.com/bernanke-playing-wi...ence-kotlikoff/ Have not watched the vid, as I don't need too.
  8. Mungo

    Gold

    Yep, I can see the blind just don't get it again. Learn your and understand monetary history is all I can advise. Take it or leave it - Catch you in approx 3 years.
  9. The fiscal cliff was reached years ago when the U.S. could no longer re pay its debt obligations. They are trying like mad to inflate, but that is still a while off - prior to that, interest rates will begin to rise and they then are absolutely screwed.
  10. That was excellent (thought I posted another one that I had seen), goes for about an hour. Japan gets torn to bits by Kyle and his explanation as to why is second to none as far as analysis is concerned, by the way - looks like we are up the clappers also due to our dependency on Asia. Anyway Merry Christmas to all, enjoy.
  11. I'll put my money with Kyle Bass any day of the week. http://www.youtube.com/watch?feature=playe...p;v=JUc8-GUC1hY
  12. Have stated a few times that it's 'the home of the meek and the slave'. Looks like some a waking up to it also, this is from Armstrongs Blog. US Is killing The Global Economy Posted on December 16, 2012 The United States is the ONLY country that taxes American citizens even if they have never lived in the United States at any time. Once born American, you owe taxes as an economic slave even when you receive nothing and have never lived in the USA. This law passed last December that authorizes the confiscation of any firm’s assets if they do not report what an American citizen does overseas has been devastating. Americans have been thrown out of banks everywhere. In Switzerland, you have to fill out papers to open and account swearing you are not an American citizen even if you are Swiss. Americans are being thrown out of public funds and just about everything anywhere right down to safety deposit boxes. The balance of trade will continue to collapse as foreign goods can be sold to Americans but Americans cannot open businesses overseas unless you are part of the big multinational corporations. This alone has sent the velocity of money spiraling downward. However, what is going on now is just off the wall. The US government is now hunting down people who may have had one parent as an American yet they have lived outside the USA all their lives. The IRS has been hunting lineage of Canadians who had one American parent and are sending them letters informing them that by US law they should have been paying taxes their whole life to America in addition to Canada. This is sending countless Canadians running for lawyers all because the USA is broke. http://www.theglobeandmail.com/globe-inves.../article584297/ How Americans are being treated by their own country is not as a free individual, but as economic property to pay revenue to the government regardless of where they live. NO OTHER NATION DOES THIS BUT THE USA. We are in such serious trouble with this Sovereign Debt Crisis that all liberty is being lost. Virtually every other major nation does not tax worldwide income if earned outside the country under the simple theory you pay taxes to use state services. If you are not there, you do not pay. American are owned by the government no different than the days of slavery. If your parents were slaves, you were the moment you were born. We perhaps ended private ownership of people, but we did not end state ownership of people. You must work and pay taxes and it has nothing to do with paying your “fair share†since there is nothing owed to a citizen by the state. The desperate need for revenue to pay the bond holders has destroyed everything the constitution was intended to secure.
  13. This is fascinating and I'm sure many of you will be surprised. A list of the most populated cities on Earth. When you get to number one, keep going. http://http-www-nidokidos-org.2478436.n2.n...-td7431833.html and download the Over_Population.pps file, tried upload the attachment to this site but it looks to be too large.
  14. Cycles Arty, Cycles. You will see a return to some form of precious metals standard within the next 6-7 years, unfortunately not redeemable by you or me. Not just Gold, any precious metal combination and there's more than a few of them. On a redeemable Gold Standard there would be little inflation, perhaps even deflation (the banks don't like that). Back then Gold was redeemable and silver and gold were in circulation in coinage form along with the gold receipts (dollars) . From memory, cars, roads, planes, cities, phones, planes were in existence back then, technology advancement would not be an issue - what would be an issue would be Govt funded social security, back then let's just say no one was turned away and people were far more charitable.
×
×
  • Create New...