Gold Market and World Economy ~ The Dark Years Are Here

peaceandlove · 08-01-2009, 11:24 AM

SOURCE: Fever I Am Commentary http://feveriam.blogspot.com/

Wednesday July 19, 2009
POSTED BY MIKE AT 15:05

Gold Market and World economy Newsletter by Egon von Greyerz

And here I thought I was good at this Doom and Gloom stuff! Ha!

Meet Mr. Egon von Greyerz - his analysis of the current worldwide financial situation is especially dire. I'm starting to think Nirumbu striking the planet on Dec 21, 2012 would be better than the future predicted for the world here!

Gold Market and World economy Newsletter by Egon von Greyerz
The Dark Years Are Here http://matterhornassetmanagement.com...?newsletter=20

"Starting in the next 6 months and culminating in 2011-12 the world will experience a series of tumultuous events which will be life changing for most people in the world. But 2011-12 will not be the beginning of an upturn in the world economy but instead the start of a long period of economic, political and social upheaval that could last for a couple of decades."

His analysis of Quantitative Easing is some especially nice writing :-)

"And what is the government doing about it. They are doing the only thing they know which is to print more money.
This is total lunacy! How can any intelligent person believe that printed pieces of paper can solve an economic catastrophe?
If that were the case we could all go home and write out pieces of paper or use Monopoly money to spend in the shops or repay our debts.

How can the US government, the UK government and most other governments not understand that the only way to run an economy is to cut your coat according to your cloth. This is why the emperor had no clothes because the country had run out of gold thread to make the cloth. Until now the US as well as other countries have been able to buy the cloth because the world has been foolish enough to accept worthless pieces of paper as payment. But this is coming to an end very soon and many countries will be without both coats and cloth."

His warning on the 'Dark Years' ahead makes the web bot project's report look absolutely cheery in comparison!

"The Dark Years will be extremely severe for most countries both financially and socially. In many countries in the Western world there will be a severe depression and it will be the end of the welfare state. Most private and state pension schemes are also likely to collapse. It will be a worldwide depression but some countries may only have a deep recession. There will be famine, homelessness and misery resulting in social as well as political unrest. Different type of government leaders and regimes are likely to result from this."

"This is a period of Crisis when the fabric of society will change dramatically. Previous Fourth Turnings have been the American Revolution, Great Depression and World War II. According to Howe the Crisis will be substantially worse before it is over and it will last for another circa 20 years."

Prepare for Dow 500 by November. Does anyone know how to safely place that kind of bet? Preferably with GS or JPM - I think they be the only ones left to pay out on that sort of bet!

Peace and Love

********

For some reason I felt inspired to re-listen to Lindsey Williams predictions for the next 6 - 12 months...we all need to be sure we have enough food and any items for survival and bartering purchased and be ready to help others.

Lindsey Williams on THE INFOWARRIOR with Jason Bermas 3 of 6 Super HyperInflation Coming Soon!!

VIDEO (10:54):

There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.

Ludwig von Mises
http://mises.org/

peaceandlove · 08-01-2009, 01:04 PM

After reading Ben's most recent Blog I read the following article at Solari.com/blog.

07/31/2009

Rothschild’s are desperately seeking gold now that they know the Fed is being unwound

We are hearing reports that many members of the Rothschild family, including Tokyo-based Stephan de Rothschild, are desperately seeking to trade toxic financial waste for gold. It is clear they know the US Federal Reserve Board’s days are numbered.

They probably have so much real estate and art treasures to their name that they really do not need that gold. The smarter members of the clan must already have all the gold they will ever need and more stashed away in Swiss banks. Those who could not see the writing on the wall may have to try to do something the rest of us already have to: work for a living.

Also posted here #57 today, along with other recent Ben Blogs: http://projectavalon.net/forum/showt...734#post157734

Gold looks especially good right now

Monday, 20 July 2009, 11:06 am
Press Release: New Zealand Mint

Sub-continent suitors, a strong New Zealand dollar and the shopping habits of Americans are all pointers to right now being a great time to stock up on gold.

Auckland-based New Zealand Mint says all the signs are in place that gold is undervalued in relation to medium term prices.

New Zealand Mint bullion dealer Mike O’Kane says demand is currently weak and coupled with a number of economic factors it suggests it’s time for investors to fortify their bullion portfolios.

“It’s generally recognised the Indian wedding season puts upward pressure on the price of gold. Indian brides traditionally drape themselves in gold and it’s not unusual for wealthy families to spend a couple of million dollars on gold for a wedding.

“Gold’s used because women are not permitted to own property in the Hindu religion,” O’Kane says.

“India is the world’s largest importer of gold and a JP Morgan report that shows the world price of gold has leaped by 10 per cent every year during the September-October wedding season since 2002.”

O’Kane says other factors pointing to higher demand include a feeling in the market that the New Zealand dollar is too high and that there are long term inflationary pressures in the United States.

“Retail sales in the States are more buoyant than expected and the more optimistic the economy the higher the probability of inflation. And in inflationary times, investors target gold as a solid hedge.

“Plus, with gold traded in US dollars, any drop in the Kiwi against the Greenback will put price pressure on the metal. With the Fitch report recommending a negative outlook, we would expect to see a drop in the NZD/USD cross soon. So gold’s worth more than just a look right now for any balanced investment portfolio,” O’Kane says.

Gold has traded in a range between NZD$1400 and NZD$1600 in the past four months O’Kane says.

Article Source: http://www.scoop.co.nz/stories/BU0907/S00498.htm

Source for Article:

http://solari.com/blog/

08-01-2009, 11:24 AM	#1
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Gold Market and World Economy ~ The Dark Years Are Here SOURCE: Fever I Am Commentary http://feveriam.blogspot.com/ Wednesday July 19, 2009 POSTED BY MIKE AT 15:05 Gold Market and World economy Newsletter by Egon von Greyerz And here I thought I was good at this Doom and Gloom stuff! Ha! Meet Mr. Egon von Greyerz - his analysis of the current worldwide financial situation is especially dire. I'm starting to think Nirumbu striking the planet on Dec 21, 2012 would be better than the future predicted for the world here! Gold Market and World economy Newsletter by Egon von Greyerz The Dark Years Are Here http://matterhornassetmanagement.com...?newsletter=20 "Starting in the next 6 months and culminating in 2011-12 the world will experience a series of tumultuous events which will be life changing for most people in the world. But 2011-12 will not be the beginning of an upturn in the world economy but instead the start of a long period of economic, political and social upheaval that could last for a couple of decades." His analysis of Quantitative Easing is some especially nice writing :-) "And what is the government doing about it. They are doing the only thing they know which is to print more money. This is total lunacy! How can any intelligent person believe that printed pieces of paper can solve an economic catastrophe? If that were the case we could all go home and write out pieces of paper or use Monopoly money to spend in the shops or repay our debts. How can the US government, the UK government and most other governments not understand that the only way to run an economy is to cut your coat according to your cloth. This is why the emperor had no clothes because the country had run out of gold thread to make the cloth. Until now the US as well as other countries have been able to buy the cloth because the world has been foolish enough to accept worthless pieces of paper as payment. But this is coming to an end very soon and many countries will be without both coats and cloth." His warning on the 'Dark Years' ahead makes the web bot project's report look absolutely cheery in comparison! "The Dark Years will be extremely severe for most countries both financially and socially. In many countries in the Western world there will be a severe depression and it will be the end of the welfare state. Most private and state pension schemes are also likely to collapse. It will be a worldwide depression but some countries may only have a deep recession. There will be famine, homelessness and misery resulting in social as well as political unrest. Different type of government leaders and regimes are likely to result from this." "This is a period of Crisis when the fabric of society will change dramatically. Previous Fourth Turnings have been the American Revolution, Great Depression and World War II. According to Howe the Crisis will be substantially worse before it is over and it will last for another circa 20 years." Prepare for Dow 500 by November. Does anyone know how to safely place that kind of bet? Preferably with GS or JPM - I think they be the only ones left to pay out on that sort of bet! Peace and Love ****** For some reason I felt inspired to re-listen to Lindsey Williams predictions for the next 6 - 12 months...we all need to be sure we have enough food and any items for survival and bartering purchased and be ready to help others. Lindsey Williams on THE INFOWARRIOR with Jason Bermas 3 of 6 Super HyperInflation Coming Soon!!** VIDEO (10:54): There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. Ludwig von Mises http://mises.org/ Last edited by peaceandlove; 08-01-2009 at 11:29 AM.

08-01-2009, 01:04 PM	#2
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Re: Gold Market and World Economy ~ The Dark Years Are Here After reading Ben's most recent Blog I read the following article at Solari.com/blog. 07/31/2009 Rothschild’s are desperately seeking gold now that they know the Fed is being unwound We are hearing reports that many members of the Rothschild family, including Tokyo-based Stephan de Rothschild, are desperately seeking to trade toxic financial waste for gold. It is clear they know the US Federal Reserve Board’s days are numbered. They probably have so much real estate and art treasures to their name that they really do not need that gold. The smarter members of the clan must already have all the gold they will ever need and more stashed away in Swiss banks. Those who could not see the writing on the wall may have to try to do something the rest of us already have to: work for a living. Also posted here #57 today, along with other recent Ben Blogs: http://projectavalon.net/forum/showt...734#post157734 Gold looks especially good right now Monday, 20 July 2009, 11:06 am Press Release: New Zealand Mint Sub-continent suitors, a strong New Zealand dollar and the shopping habits of Americans are all pointers to right now being a great time to stock up on gold. Auckland-based New Zealand Mint says all the signs are in place that gold is undervalued in relation to medium term prices. New Zealand Mint bullion dealer Mike O’Kane says demand is currently weak and coupled with a number of economic factors it suggests it’s time for investors to fortify their bullion portfolios. “It’s generally recognised the Indian wedding season puts upward pressure on the price of gold. Indian brides traditionally drape themselves in gold and it’s not unusual for wealthy families to spend a couple of million dollars on gold for a wedding. “Gold’s used because women are not permitted to own property in the Hindu religion,” O’Kane says. “India is the world’s largest importer of gold and a JP Morgan report that shows the world price of gold has leaped by 10 per cent every year during the September-October wedding season since 2002.” O’Kane says other factors pointing to higher demand include a feeling in the market that the New Zealand dollar is too high and that there are long term inflationary pressures in the United States. “Retail sales in the States are more buoyant than expected and the more optimistic the economy the higher the probability of inflation. And in inflationary times, investors target gold as a solid hedge. “Plus, with gold traded in US dollars, any drop in the Kiwi against the Greenback will put price pressure on the metal. With the Fitch report recommending a negative outlook, we would expect to see a drop in the NZD/USD cross soon. So gold’s worth more than just a look right now for any balanced investment portfolio,” O’Kane says. Gold has traded in a range between NZD$1400 and NZD$1600 in the past four months O’Kane says. Article Source: http://www.scoop.co.nz/stories/BU0907/S00498.htm Source for Article: http://solari.com/blog/ Last edited by peaceandlove; 08-01-2009 at 01:07 PM.