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Thread: Gold @ 2000 This Year - The Panic Has Begun!

  1. #1

    Thumbs up Gold @ 2000 This Year - The Panic Has Begun!

    The Panic Starts

    By Jim Sinclair
    MineSet / 1-18-8

    There is no doubt the Fed and the PPT [Plunge Protection Team] are meeting right now. A drop of over 300 points on the Dow after the Chairman of the Federal Reserve speaks publicly presages a 1000 point break in the Dow Jones Industrial Average coming quite quickly, if not tomorrow.

    Unless the equity markets can be calmed, a panic is about to happen, making the statement "This is it" a horrible reality.

    If the equity markets cannot be calmed then:
    • Recognize this is the Formula happening like everything else much sooner and much bigger in its implications than anticipated.
    • Gold will rise to $1650 as an almost immediate effect of what will be done to attempt to fend off a total panic starting to take place in general equities, therein threatening to be followed by all credit markets of all kinds.
    • The funds and hotshot short term traders in gold shares will be killed by the upward explosion of the gold price about to occur.
    MORE- http://www.jsmineset.com/ARhome.asp?...&ArtSel=$5717$
    Last edited by zengrifter; January 19th, 2008 at 11:55 AM.
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  2. #2

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    I am pissed at myself for not buying gold mining claims when they were cheap.
    really pissed.

    http://www.azcentral.com/business/ar...-gold0122.html


    this cat is showing off his brand new shovel


    I might go get a massage and forget all about it.


    all well that end well
    Last edited by Brutus; January 22nd, 2008 at 02:17 PM.

  3. #3
    Join Date
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    Default

    If gold goes to $2,000, beware it's sudden fall back to ???--- $350? Could be.
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  4. #4

    Default

    LaRouche Warns of Imminent Hyperinflationary Blowout

    January 22, 2008 (LPAC)--The fevered efforts to save the financial system, typified by today's panicked three-quarter-point interest rate cut by the Federal Reserve and the Bush/Paulson stimulus plan not only will not work, but will backfire spectacularly, and soon, economist Lyndon LaRouche warned today. The financial system is dead, and any attempt to save the fictitious values of the trillions of dollars of worthless financial paper will not only fail, but will destroy any nation foolish enough to attempt to do so, LaRouche said.

    The global financial system, emphatically including the United States, is entering a period comparable to that of Weimar Germany in the Autumn of 1923, but on a far larger scale. Whereas the damage from the runaway hyperinflation in Weimar Germany was largely restricted to Germany itself, the current crisis is global in scale. No national system will survive its effects, and the nations might not even survive the present year, he warned.

    MORE- http://www.larouchepac.com/news/2008...y-blowout.html
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  5. #5

    Default

    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  6. #6

    Default

    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  7. #7
    Join Date
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    Default

    Quote Originally Posted by zengrifter View Post
    I hope so, because I think it's going to be worse than that.
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  8. #8

    Default

    Here's a Roosevelt-style plan, from truth crusader Webster Tarpley -
    Draft Economic Recovery Program To Stop The Bush Depression

    By Webster Tarpley
    RENSE / 1-22-8


    1. Stop all foreclosures immediately for at least five years and for the duration of the depression by means of a compulsory federal law carrying criminal penalties. No foreclosures on homes, family farms, factories, public utilities, hospitals, transportation and other infrastructure. Outlaw adjustable rate mortgages.

    2. Raise the federal minimum wage immediately to a living wage of at least $15 per hour, with the short-term goal of attaining a federal minimum wage of at least $20 per hour.

    3. Immediate enactment of a securities transfer tax (STT) or Tobin tax of 1% to be imposed on all financial turnover in all financial markets to include the New York Stock Exchange, the NASDAQ, the Amex, the Chicago Board of Trade, the Chicago Board Options Exchange, the Chicago Mercantile Exchange, the market in federal securities, the foreign exchange market, the New York Mercantile Exchange, and all other financial markets. This tax will be paid by the seller. This tax will be extended to the notional value of all derivatives, including over-the-counter derivatives, exchange traded derivatives, structured notes, designer derivatives and all other financial paper. Derivatives will become reportable under penalty of law. It is conservatively estimated that the securities transfer tax will yield approximately $5 trillion of new revenue in its first year of application. This new revenue will permit a stabilization and consolidation of Social Security, Medicare, and Medicaid, and will permit the expansion of Head Start, the Food Stamps program, WIC, the Veterans Administration hospitals, while extending unemployment insurance up to an initial total of at least 52 weeks, to be prolonged as needed. Provide revenue sharing to deal with the looming deficits of states, counties, and municipalities.

    4. Using the new revenue obtained from the securities transfer tax on Wall Street financiers, provide comprehensive tax relief for all small businesses, thus permitting them to pay the new living wage. Small business will also be aided by the provision of national single-payer health care, as described below.

    MORE- http://www.rense.com/general80/draft.htm
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  9. #9
    Join Date
    Mar 2007
    Location
    posting from Bethesda, MD
    Posts
    13,912

    Default

    Roosevelt-style is an understatement.
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  10. #10

    Default

    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  11. #11

    Default

    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  12. #12

    Default

    What is the REAL price of gold? About $6000 based on 1980 values.
    This doesn't even include the pressure brought by the central banks' secret gold deficiency.
    That moves the real price to $12,000/oz. zg
    The "Real" Gold Price


    Let’s assume that a recipient received $850 per month from the US government in January 1980. Using the US government’s CPI, that recipient is today receiving $2,310. However, if the US government had not made any changes to the way it calculates CPI, the recipient would today be receiving $6,255. This difference can be seen in the following chart, which presents the January $850 gold price adjusted for inflation using both CPI’s.
    Last edited by zengrifter; February 7th, 2008 at 09:59 PM.
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  13. #13

    Default

    The Bush Financial Bust of 2008: “It's All Downhill From Here, Folks”

    By Mike Whitney
    Global Research, February 8, 2008


    "I just saw a picture Bernanke stripped to the waist in the boiler-room shoveling greenbacks into the furnace.” Rob Dawg, Calculated Risk blog-site

    On January 14, 2008 the FDIC web site began posting the rules for reimbursing depositors in the event of a bank failure. The Federal Deposit Insurance Corporation (FDIC) is required to “determine the total insured amount for each depositor....as of the day of the failure” and return their money as quickly as possible. The agency is “modernizing its current business processes and procedures for determining deposit insurance coverage in the event of a failure of one of the largest insured depository institutions.”

    (http://www.fdic.gov/news/news/financ...8002.html#body)

    The implication is clear, the FDIC has begun the “death watch” on the many banks which are currently drowning in their own red ink. The problem for the FDIC is that it has never supervised a bank failure which exceeded 175,000 accounts. So the impending financial tsunami is likely to be a crash-course in crisis management. Today some of the larger banks have more than 50 million depositors, which will make the FDIC's job nearly impossible.

    Good luck.

    MORE- http://www.globalresearch.ca/index.p...xt=va&aid=8033
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  14. #14

    Default

    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  15. #15

    Default

    THE ANALYST

    Legendary Funds Manager Julian Robertson Predicts Utter Global Collapse Stemming From Bursting of Property Bubble

    Posted by the analyst under Economies, Financial Markets


    In a recent interview on CNBC with Ron Insana, one of the “old-timer”funds manager, Julian Robertson, predicted “utter global collapse” as a consequence of the bursting of the world-wide property bubble.

    Often called “Never Been Wrong Robertson”, the former head of Tiger Management (once the largest hedge fund in the world), is extremely worried about the speculative bubble in real estate.

    Specifically, he is very worried about a world that is sustained by American consumer spending which is in turn 1/4 sustained by a property bubble. He predicts that 20 million people could lose their homes once the property bubble bursts.

    Even more worrisome, he thinks central banks around the globe out of desperation will try to re-inflate the world economy with more liquidity that will create an inflationary spiral unseen in the economic history of mankind. “Where does it end?”, Insana asked Robertson. “Utter global collapse,” he answered. But not just economic collapse … collapse of epic proportions. Collapse and disintegration of all infrastructure, including government. Inflation will run into the double and triple digits. “Food production will fall. People will be carrying around U.S .

    MORE- http://64.233.187.99/search?q=cache:...n&ct=clnk&cd=1
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

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