tag:blogger.com,1999:blog-4490468598422095060.post2188003655653317773..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Brown's BottomFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger75125tag:blogger.com,1999:blog-4490468598422095060.post-56455912084893222892009-08-14T22:34:43.402-07:002009-08-14T22:34:43.402-07:00Just checking in after a busy week.
Jay Midnyte =...Just checking in after a busy week.<br /><br />Jay Midnyte = Well Kissinger is a Trilateral. It all makes sense. They are all coming out of the woodwork. Their baby is about to be born.<br /><br />Martijn = nice post, I second the motion re: FOFOA. As to your post, I think you touch on the quest for truth. It can be known. I think the big pitcure can be seen, clearly. Me, I have trouble Steve Bnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-87333193491790220932009-08-14T15:02:11.243-07:002009-08-14T15:02:11.243-07:00Martijn,
Thank you for your kind words. And keep...Martijn,<br /><br />Thank you for your kind words. And keep those beers on ice, you might be needing them soon.<br /><br />FOFOAFOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-4889450064955902612009-08-14T14:55:18.852-07:002009-08-14T14:55:18.852-07:00Fofoa,
Some appreciation for you and your work is...Fofoa,<br /><br />Some appreciation for you and your work is more than justified.<br /><br />I've been of for a bit, searching for a bigger picture. This crisis is not only about paper and gold as I'm sure we all know, but about something that effects all human beings.<br /><br />I know I will never be able to find the true essence or the total picture, as there is none. I know that.<br /Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-90688683151422398112009-08-14T14:47:19.106-07:002009-08-14T14:47:19.106-07:00Hi Bob,
One of the dollar's biggest problems ...Hi Bob,<br /><br />One of the dollar's biggest problems (both internal and external) requiring a reset is that at current prices the US economy is incapable of delivering value to match the outstanding dollars and dollar denominated promises, even at any reasonable fractional rate. Its problem is in delivering real value, not in delivering different colored paper. So the reset will be FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-91176046700509637462009-08-14T14:09:37.599-07:002009-08-14T14:09:37.599-07:00Who says the stated amount of 3 billion francs is ...Who says the stated amount of 3 billion francs is truthful? Who on earth is able to verify what they say? <br /><br />In other words: can they say whatever they want or not? <br /><br />Regards,<br />mcdAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-45767354804618772972009-08-14T14:04:08.058-07:002009-08-14T14:04:08.058-07:00Current Franc spot price is 1015. It appears thos...Current Franc spot price is 1015. It appears those "private investors" paid about 888 per ounce. That is a 12.5% discount on spot. Hmmm... do I have this right?<br /><br />Could this be looting by the well-connected? Scorched earth retreat by some bankers? Exchanging those bonuses for something that will hold value through the fall?FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-88999459980984890052009-08-14T13:49:34.569-07:002009-08-14T13:49:34.569-07:00Swiss National Bank (SNB) :
In its statement, the...Swiss National Bank (SNB) :<br /><br />In its statement, the bank also announced that it had sold 105 tonnes of gold to private investors for 3 billion francs, thus completing a planned sale of a total of 250 tonnes of gold.<br /><br />>>>...it had sold 105 tonnes to PRIVATE INVESTORS...!<br /><br />>>> ...completing a planned sale...!<br /><br />Those private investors have Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-86970205183644526212009-08-14T13:37:41.365-07:002009-08-14T13:37:41.365-07:00Hello and Thank You FOFOA from your neighbour to N...Hello and Thank You FOFOA from your neighbour to North. How do you think Canada and it's currency will fare during this "reset".<br /><br />Regards,<br />BobAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-3213832549119596192009-08-14T12:43:27.872-07:002009-08-14T12:43:27.872-07:00Anoniem,
Don't forget that the forward P/E ra...Anoniem,<br /><br />Don't forget that the forward P/E ratio is around 700!<br /><br /><a href="http://www.safehaven.com/article-14045.htm" rel="nofollow">SP500 PE Ratio is Now at a Mind Blowing 723!</a> <br /><i>Previous all time high was 46.</i> <br /><br />Think a correction might be due? I have been saying that the markets have not been forward looking at all for the past year. How can FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-24585495653321461502009-08-14T06:42:20.268-07:002009-08-14T06:42:20.268-07:00Me: I like to think about the P/E ratio as a way t...<i>Me: I like to think about the P/E ratio as a way to calculate the right price when buying a business, something I have done before. A P/E of 143 means you are paying for a business, let's say a Bed & Breakfast, a price that will take you 143 years JUST TO BREAK EVEN!!!... based on the current earnings. Hmmm....</i><br /><br />That is a bit high indeed.<br />However, I guess a high p/e Anoniemhttps://www.blogger.com/profile/06791113855207320103noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-74107581400544053912009-08-14T04:11:23.872-07:002009-08-14T04:11:23.872-07:00The "dramatic" consequences (domino-dang...The "dramatic" consequences (domino-danger) of fractional reserve banking + unproductive debt building + hyper leverage !<br /><br />Toxic Loans Topping 5% May Push 150 Banks to Point of No Return <br /><br />Share | Email | Print | A A A <br /><br />By Ari Levy<br /><br />Aug. 14 (Bloomberg) -- More than 150 publicly traded U.S. lenders own nonperforming loans that equal 5 percent or Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-33006226274107602662009-08-13T23:37:01.905-07:002009-08-13T23:37:01.905-07:00Kissinger said something close to this also on CNB...Kissinger said something close to this also on CNBC this summer. It's on <a href="http://www.youtube.com/watch?v=dsUMnW_bye0" rel="nofollow">youtube</a>.<br /><br />And I love this blog. You (FOFOA) add some specifics to the situation worldwide that helps clear it up.Jay Midnytehttps://www.blogger.com/profile/00704137076150237058noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-6416718479584710322009-08-13T23:33:42.520-07:002009-08-13T23:33:42.520-07:00The Motivation Behind The Countdown
Dear Comrades...The Motivation Behind The Countdown<br /><br />Dear Comrades In Golden Arms,<br /><br />85 days to go!<br /> <br />Today's incoming emails exceeded the 1200 mark, a great degree of which are asking me what is the motivation behind a countdown of days for the USDX.<br /> <br />There are various answers to this question of which TA is the least important.<br /> <br />The primary reason for thisFOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-10013477058843533862009-08-13T02:07:14.119-07:002009-08-13T02:07:14.119-07:00"We are on the verge of a global transformati..."We are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the New World Order. " <br /><br />--David Rockefeller<br /><br />Don't know if Rockefeller ever said this and in what context . But the "idea" on itself is frighthening.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-33645762686206535932009-08-13T01:14:04.239-07:002009-08-13T01:14:04.239-07:00Hi Sally,
How's this for an answer? At least...Hi Sally,<br /><br />How's this for an answer? At least one ounce!<br /><br />It all depends on your savings, and how soon you will need it.<br /><br />Whatever part of your savings you don't need in the foreseeable future, that is your wealth reserve. Do with that what you would do with the Mona Lisa if she were your's.<br /><br />Sincerely,<br />FOFOAFOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-53495574136073984772009-08-13T01:09:52.606-07:002009-08-13T01:09:52.606-07:00Hi FOFOA,
Thanks for the guidance. One more (naiv...Hi FOFOA,<br /><br />Thanks for the guidance. One more (naive?) question. <br />You mentioned holding some gold. For a Sally in the real world with real world constraints in daily life how much gold would you think is a decent amount to hold. <br /><br />I know the answer is based on an individual's personal parameters but any indicative figure (like atleast xx ounces)would be appreciated.<brAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-46422689017736741772009-08-12T23:48:53.805-07:002009-08-12T23:48:53.805-07:00Denninger on the SP500 P/E ratio...
"Nobody ...<a href="http://market-ticker.denninger.net/archives/1322-Another-Bottom-Caller-Remember-This-One.html" rel="nofollow">Denninger on the SP500 P/E ratio</a>...<br /><br /><i>"Nobody talks about risk and reward on Fall Street, because that would force them to talk about valuations. You know, that pesky thing that S&P tabulates? Let's have a look.<br /><br /><b>One hundred and FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-39617170331338385012009-08-12T22:18:15.511-07:002009-08-12T22:18:15.511-07:00Hello Sally,
Generally speaking, the BRICs are ne...Hello Sally,<br /><br />Generally speaking, the BRICs are net-producers of real economic goods and real commodities, as opposed to the West which are net-consumers. The consumers are the debtors, and the producers are generally their creditors.<br /><br />In the reset, the creditors will lose much of their bad investment in the West. The West as it turns out, was not such a good credit risk. FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-84169013195120876262009-08-12T21:21:56.594-07:002009-08-12T21:21:56.594-07:00Hi FOFOA,
I have been enjoying your blog. I have ...Hi FOFOA,<br /><br />I have been enjoying your blog. I have a question ( naive it may be). <br /><br />You mentioned in your blog that when the systemic "rubber band" snaps and resets itself gold will seek its own freedom. But I suppose this snapping back event will have its own severe consequences on the USD. My question is when the USD finally bites the dust what will be the effect Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-33436939289051183242009-08-12T20:18:32.511-07:002009-08-12T20:18:32.511-07:00ANON: "Dollar doomed or ready to boom? -- Def...ANON: "Dollar doomed or ready to boom? -- Deflation or inflation?"<br /><br />Two different things. <br /><br />This brought to me the image of a man drowning who cannot swim. If someone tries to save him, he will push them down faster than himself and possibly drown them as well on his way down.<br /><br />There is a tactic I saw in a TV show where a lifeguard found herself in this FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-41367561400410879082009-08-12T17:14:39.411-07:002009-08-12T17:14:39.411-07:00Dollar doomed or ready to boom?
"The Dollar ...Dollar doomed or ready to boom?<br /><br />"The Dollar Sentiment Index for the Dollar Index reports just 3% bulls among traders, an extreme level only five times in the past 20 years, usually near an important low," Prechter wrote on Aug. 5. "The last time we saw readings like this was March-July 2008, just before the dollar soared."<br /><br />Deflation or inflation?<br /><brAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-51697360078697450482009-08-12T13:53:19.643-07:002009-08-12T13:53:19.643-07:00Well, that's a very sad outlook for the world ...Well, that's a very sad outlook for the world and a good one for US.<br />For gold advocates may become a Black Swan event.<br />What I do not understand is why was/is Iraq/Iran so important yet?<br />Why should they manipulate the world on the edge of the cliffs if the outlooks are that good? Just greed?<br />Anyway it's not pleasant waiting for their coup in the meanwhile. I am not Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-60688602519343263832009-08-12T12:27:13.074-07:002009-08-12T12:27:13.074-07:00Hello Alex!
Good comment Mantis!
I agree. I do ...Hello Alex!<br /><br />Good comment Mantis!<br /><br />I agree. I do not think this is negative for gold. I believe that oil is there, and more. If that is the case, then the US has an incredible REAL wealth reserve. Article 2 suggested (?) the oil represents a resource base of $5.3 trillion. If the US also has its stated gold, that might be another resource base of $20 trillion after the FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-82960376499393936832009-08-12T11:37:25.931-07:002009-08-12T11:37:25.931-07:00Vast, untapped oil reserves do indeed exist throug...Vast, untapped oil reserves do indeed exist throughout North America. I do not know when they will come online, but assuming they will, I suspect it will be after the dollar as we know it has collapsed. <br /><br />I do not believe they plan to support the dollar indefinitely. The ace up their sleeve is confiscation of wealth via a dollar devaluation or collapse. They want to own everything. Oil Mantishttps://www.blogger.com/profile/03952705067035666229noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-76042136725173740692009-08-12T06:34:13.271-07:002009-08-12T06:34:13.271-07:00Hi J,
There are probably 2 answers:
- figures ar...Hi J,<br /><br />There are probably 2 answers:<br /><br />- figures are estimates, and various companies have given them different estimates based on the technology used, and<br /><br />- wrong figures are purposefully given out for the same old purpose of confusing usalex berrehttps://www.blogger.com/profile/17639726320085829950noreply@blogger.com