tag:blogger.com,1999:blog-4490468598422095060.post3257394612346373633..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Tweet this!FOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger396125tag:blogger.com,1999:blog-4490468598422095060.post-30175047742861153372011-11-07T08:50:40.529-08:002011-11-07T08:50:40.529-08:00Max: What better way to destroy the bond markets, ...<a href="http://fofoa.blogspot.com/2011/10/tweet-this.html?commentPage=2#c3662370450180053245" rel="nofollow">Max</a>: <i>What better way to destroy the bond markets, and hence the $IMFS, than through massive QE?<br /><br />I hope he gets printing, and quick. Get this freakshow system over and done with.</i><br /><br />This caught my eye at the time but I thought I'd leave it to see if anyoneDPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-57665341849460355532011-11-06T19:53:10.300-08:002011-11-06T19:53:10.300-08:00My new post is up, finally! Sorry it took so long...My new post is up, finally! Sorry it took so long. <a href="http://fofoa.blogspot.com/2011/11/moneyness.html" rel="nofollow">Moneyness</a>FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-67034212910062139582011-11-06T16:46:41.657-08:002011-11-06T16:46:41.657-08:00I didn't want to discuss this, but now I feel ...I didn't want to discuss this, but now I feel compelled.<br /><br />Martin Armstrong has become something of a fetishized character, and I, for one, am quite tired of it. Does he add value to the "discussion"? Yes, but, equally his ideas are prone to rely on the over emphasis of issues that, by dint of some very bad personal experiences, are near and dear to him. At times, in his Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-40032180845053556662011-11-06T15:06:05.441-08:002011-11-06T15:06:05.441-08:00Iranians now trading oil at Kish in non US dollar ...Iranians now trading oil at Kish in non US dollar terms:<br /><br />http://www.zerohedge.com/article/guest-post-iran-opens-oil-bourse-harbinger-trouble-new-york-and-london<br /><br /> Now I know why so many US/Israeli dignitaries are rattling their sabers against Iran's "nuclear program". It's not about nukes, it's about our attempt to maintain reserve currency status at JMan1959https://www.blogger.com/profile/04720578580699486888noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-59499726528147168152011-11-06T14:51:44.573-08:002011-11-06T14:51:44.573-08:00ZH article regarding some huge withdrawals from th...ZH article regarding some huge withdrawals from the Fed last week. I don't claim to understand it, hoping maybe someone brighter than me might be able to shed some light on it?<br /><br />Could it be the start of something big?<br /><br />http://www.zerohedge.com/contributed/hit-big-withdrawals-fed-sells-assets-borrows-cashGary Morganhttps://www.blogger.com/profile/09934552877086935070noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-47140885155205569422011-11-06T11:45:20.656-08:002011-11-06T11:45:20.656-08:00In the end, I suppose we have to make our choices ...<i>In the end, I suppose we have to make our choices and live with it don’t we.</i><br /><br />What you said! :)<br /><br />This whole 'money' thing is complexticatid innit? If only someone would finally come along and just 'splain it to everyone, life would be easy...DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-17549409396282912502011-11-06T09:18:34.236-08:002011-11-06T09:18:34.236-08:00Warren,
Well done on contacting him!
I find his ...Warren,<br /><br />Well done on contacting him!<br /><br />I find his writings a bit confusing.<br /><br />He seems to contradict himself now and then, but he does seem to be so close to Freegold.<br /><br />Perplexing.Max De Nirohttps://www.blogger.com/profile/05680929281530200273noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-36314061290844097242011-11-06T09:16:57.051-08:002011-11-06T09:16:57.051-08:00DP,
You wrote:
“Armstrong, via Max: "gold wil...DP,<br />You wrote:<br />“Armstrong, via Max: "gold will spike and come down"<br /><br />Come down against what?<br /><br />Dollars? UST's? Paper gold? Other paper commodities?<br /><br />Other real goods?”<br />I suppose he is talking about measuring it against the dollar. When we talk about it here, it seems so obvious, which makes me think that surely he will have appreciated Max De Nirohttps://www.blogger.com/profile/05680929281530200273noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-88461402963346075192011-11-06T06:23:46.865-08:002011-11-06T06:23:46.865-08:00Max, DP, fwiw I've been long pestering Martin ...Max, DP, fwiw I've been long pestering Martin Armstrong to read and respond to the freegold topic. In September he replied: "<i>I have been working on a piece that deals with this...</i>". And some of the core elements have been communicated to him; he writes: "<i>...This dilemma between The debtors and the savers is the essence of the debt crisis...</i>". He also writes Warren Jameshttps://www.blogger.com/profile/00631403827559820571noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-47335403510471724582011-11-06T04:27:37.264-08:002011-11-06T04:27:37.264-08:00Things get interesting when german gold enters the...Things get interesting when german gold enters the scene. http://www.zerohedge.com/news/g-20-demands-german-gold-keep-eurozone-intact-german-central-bank-tells-g-20-where-stick-itmrbeyondhttps://www.blogger.com/profile/04026768369533583769noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-87415025068181438362011-11-06T04:13:49.896-08:002011-11-06T04:13:49.896-08:00Hi tripper,
"..it looks to me as if IMF want...Hi tripper,<br /><br />"..it looks to me as if IMF wants to use the crisis to increase it's influence in Europe. Am I reading this right?"<br /><br />Yep.costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-33512068838711266072011-11-06T04:02:32.524-08:002011-11-06T04:02:32.524-08:002/2
Getting back to the point on no deficits exce...2/2<br /><br />Getting back to the point on no deficits except in time of war, I note that the Eurozone governments are being somewhat encouraged to remove their deficits lately, and every so often I see a mention along the lines of "before 2013". They all come out and speak then about how they will stop running deficits and will instead move to running a surplus. Great! This doesn'DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-69600623459299360272011-11-06T04:01:29.777-08:002011-11-06T04:01:29.777-08:001/2
Armstrong, via Max: "gold will spike and...1/2<br /><br />Armstrong, via Max: <i>"gold will spike and come down"</i><br /><br />Come down against what?<br /><br />Dollars? UST's? Paper gold? Other paper commodities?<br /><br />Other real goods?<br /><br />The way i see it, many commodity markets today have some degree of fictional paper objects within them affecting the price discovery mechanism. But none more than gold, DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-56085229625228695702011-11-06T02:58:47.448-08:002011-11-06T02:58:47.448-08:00The subject of Another's native language is in...The subject of Another's native language is intriguing. I speak French but it did not occur to me that he sounds particularly French. Rather, his declamatory style with his "hear me now"'s etc. sounds to me decidedly Arabic. But then I don't speak Arabic. In any case, since the text may have been edited by FOA for clarity it is probably impossible to know for sure.seanhttps://www.blogger.com/profile/03383810213841234946noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-86201671530142627372011-11-06T02:44:41.655-08:002011-11-06T02:44:41.655-08:00Victor,
seems that the Bundesbank doesn’t agree w...Victor,<br /> seems that the Bundesbank doesn’t agree with the ECB. The ECB is looking to dismantle the Bundesbank of its voting right with the IMF. They would also pledge<br />the German gold for SDRs. People in Germany expect Merkel to cave in like she always does. Merkel is not different from Sarkozy, she’s also a CIA tool in Europe. <br />Looks like only the BuBa is against this plan and yesAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-73519526913202938522011-11-06T02:11:01.901-08:002011-11-06T02:11:01.901-08:00He also has very insightful things to say, such as...He also has very insightful things to say, such as:<br /><br />"Even a balanced budget will no longer work because the proportion of interest within total expenditure will continue to rise until it consumes 100% of the whole budget. Interest is like the Energizer Pink Bunny that keeps on going until you default or monetize the debt. If we eliminated all banking, credit, leverage, and could Max De Nirohttps://www.blogger.com/profile/05680929281530200273noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-42090945215144512232011-11-06T02:08:44.857-08:002011-11-06T02:08:44.857-08:00DP,
Yes, a lot of Armstrong's work does sound...DP,<br /><br />Yes, a lot of Armstrong's work does sound like euro-freegold, but he absolutely insists that gold will spike and come down and that stocks will also perform well in the coming turmoil. <br /><br />He seems to have a very good grasp of economic history and of manipulation, but doesn't ever talk about gold for oil, or paper gold manipulation. So I don't know if he is Max De Nirohttps://www.blogger.com/profile/05680929281530200273noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-67310293515170854242011-11-06T02:02:38.850-08:002011-11-06T02:02:38.850-08:00Kinda sounds like Euro-Freegold to me, no?Kinda sounds like Euro-Freegold to me, no?DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-12653878615075395162011-11-06T01:57:26.516-08:002011-11-06T01:57:26.516-08:00As I see it, Armstrong seems to advocate printing ...As I see it, Armstrong seems to advocate printing money, rather than loaning it into existence as the bulk of the national debt is consumed by interest payments.<br /><br />Would this not then destroy the market for US Treasuries, which forms the central and most liquid parking place (risk free :-0) and reference point for global capital as it searches around for suitable investment options?<br /Max De Nirohttps://www.blogger.com/profile/05680929281530200273noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-46430936110580245232011-11-06T01:53:51.709-08:002011-11-06T01:53:51.709-08:00I really wish someone would get to Martin Armstron...I really wish someone would get to Martin Armstrong, sit him down and force him to read through the whole FOFOA archive, or at least the most important posts.<br /><br />He always seems to be on the verge of arriving at the same conclusions as FOFOA, but something just seems to cause him to veer off course at the last moment.<br /><br />Sometimes his arguments can be very compelling. The most Max De Nirohttps://www.blogger.com/profile/05680929281530200273noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-35880329803601623082011-11-06T01:24:48.212-07:002011-11-06T01:24:48.212-07:00WSJ has some coverage of the G20 IMF news:
Merkel...WSJ has some coverage of the G20 IMF news: <br /><a href="http://online.wsj.com/article/SB10001424052970203716204577020262625477198.html" rel="nofollow">Merkel Rejected IMF SDRs to Fund EFSF</a><br /><br />I don't really understand what's it all about, but it looks to me as if IMF wants to use the crisis to increase it's influence in Europe. Am I reading this right?tripperhttps://www.blogger.com/profile/17486068500386307816noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-29783646254617204952011-11-06T01:02:59.535-07:002011-11-06T01:02:59.535-07:00That's Uncle costata for you Blondie. Generous...That's Uncle costata for you Blondie. Generous to a fault (and polite too).costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-64465165965407367072011-11-05T22:36:54.303-07:002011-11-05T22:36:54.303-07:00"... a case of being right for the wrong reas...<i>"... a case of being right for the wrong reasons."</i><br /><br />That's very generous, Costata.Piripihttps://www.blogger.com/profile/03271512349186616514noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-58632696714594863962011-11-05T22:35:43.550-07:002011-11-05T22:35:43.550-07:00The European banks appear to be "taking their...The European banks appear to be "taking their medicine" and writing down their exposures to sovereign debt. I think this is a positive development.<br /><br />http://in.reuters.com/article/2011/11/03/idINIndia-60307320111103<br /><br />Also the EU banks appear to be recognising losses and working toward the new Tier 1 capital target of 9 per cent.<br /><br />http://news.businessweek.comcostatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-39166776851987005402011-11-05T22:13:33.759-07:002011-11-05T22:13:33.759-07:00Is The Tide Turning For Gold In The West?
I think...<b>Is The Tide Turning For Gold In The West?</b><br /><br />I think <a href="http://www.forbes.com/sites/ralphbenko/2011/10/31/october-surprise-can-gold-be-the-panama-canal-treaty-of-2012/" rel="nofollow">this report</a> is interesting even if it is a case of being right for the wrong reasons.<br /><br />(2011-11-02 — forbes.com)<br /><br /><i>``Rasmussen's "October Surprise" is costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.com