tag:blogger.com,1999:blog-5936637281134795592.post1088389658743253850..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: Sun Post #1: The LIBOR scandalUnknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5936637281134795592.post-71261509512008044022012-07-08T19:26:31.953-07:002012-07-08T19:26:31.953-07:00So, with LIBOR proven to be manipulated is it a st...So, with LIBOR proven to be manipulated is it a stretch to suggest that gold and silver prices are driven down through naked short selling?<br />How about the inflation(CPI), unemployment and GDP figures? We already know that if these figures were calculated as they had been in the 1980's unemplyment in the US would be at 22%, not 8%. <br />However, LIBOR is not the "biggest financial scam in the history of the world". LIBOR is the equivalent of stealing penny candy compared to the sham of fractional reserve banking. Yup, "money for nothing and their chicks for free"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-64456572326771924992012-07-08T19:21:42.103-07:002012-07-08T19:21:42.103-07:00And this, in essence, is why so many investors are...And this, in essence, is why so many investors are wrong about the continuation of Quatitative Easing and other forms of monetary intervention designed to reinflate the system.<br /><br />So sorry to say it but we are going to deflate.<br /><br />Why? Well I will tell you why. It is because none of us can afford to pay higher interest rates when we are so indebted already. No debt-burdened Sovereign nation can afford rates in the 5% or 6% range as long as these stupendous amounts of financial obligations remain on the books.<br /><br />Easing (money printing) which is substantially an act of inflation will only succeed in eventually driving up rates and that is the threat in a nutshell.<br /><br />We can't afford higher rates. Thus we can't afford more stimulus or more easing. The rabbit that was pulled out of the hat and flattened yield curves in the past can come out no more.<br /><br />1) Stimulus creates inflation<br />2) Inflation demands higher rates<br />3) Higher rates will destroy our ability to service debts<br />4) No stimulus is the answer to the question.<br /><br />Anyone who does not get this does not appreciate just how much danger we are in right now. You must pay off debt quickly and save like a priest if you are going to go through the coming event and come out whole at the other end.<br /><br />We are about to enter a great deflation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-36679210054331219202012-07-08T15:25:25.026-07:002012-07-08T15:25:25.026-07:00And...the sheeple happily munch away on their big ...And...the sheeple happily munch away on their big macs and guzzle a few beers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-21641336011263889342012-07-08T10:43:46.112-07:002012-07-08T10:43:46.112-07:00^ We need to let it all burn to the ground... and ...^ We need to let it all burn to the ground... and then the ones who survive it make it a criminal offense for any one attempting to start a bank. Of course, there would only be a billion or so left in a world of three extra degrees, that we would probably all just agree to not bother anyway.<br /><br />BTW.. Was wondering when you were going to get to LIBOR W... Thx!! Celente chats a bit about it on KWN as well. Cheers ... VAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-72619660957176266812012-07-08T07:56:09.728-07:002012-07-08T07:56:09.728-07:00We need a return to 'normal' interest rate...We need a return to 'normal' interest rates. An entire generation of savers and retirees has been punished for the excesses of the borrowers and spenders. Money should be worth something again; not 'cash is trash'.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-70812598313654827272012-07-08T06:24:53.956-07:002012-07-08T06:24:53.956-07:00http://business.financialpost.com/2012/07/06/bbc-l...http://business.financialpost.com/2012/07/06/bbc-looking-for-libor-leads-at-the-supreme-court-of-canada/<br /><br />It is nice of RBC to say they did not participate in this cartel of manipulation. I hope, for their sake , that the Barkley employees they have on the payroll have no skeletons rattling away in the closet.Anonymoushttps://www.blogger.com/profile/12109140436878091821noreply@blogger.com