[devildogmom] : I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under GOD, indivisible, with liberty and justice for all. God bless the troops, God bless America and her allies, and God bless all of you! … Semper Fi Marines! Love you
[findmoney] I was told several months ago they would set the price of gold as the tier 1 backing of the financial system at 1700 .
[findmoney] Looks like they have pulled the the trigger!!!! www.monex.com
[ConeyDog] findmoney what are you basing that statement on? I'm looking at that webpage
[ready4riches] findmoney what does it mean?
[pmw1973] metals dropping
[cruiser] GM All!
[cruiser] findmoney interestng link. Please explain?
[findmoney] Metals are selling off for banks and hedge funds to cover margin calls on losses in the stock market
[cruiser] findmoney not that part. The tier 1 banking side of it
Read More Link on Right
[ready4riches] findmoney we should take this as a good sign for possible rv? :strt:
[findmoney] Very good sign. Hard to explain. But be very happy. Its there.
[cruiser] findmoney let me. Lol
[findmoney] There has to be a simplistic balance in financial markets to pull this off. That has been the goal. The markets have been manipulated to the 9th degree in the last year
[findmoney] Money velocity is the key to it
[ConeyDog] findmoney not sure why this would just be another manipulation then ... or why its significant now
[findmoney] That means how quick money exchanges hands
[cruiser] Banks are not selling off their gold. They need it. Since they are required under the new Basel III requirements set to come out January 1, 2013. Hedges could be selling off, but tough to say. Since all of the investors ran to gold while Europe was taking a beating, Now that Europe has kind of quieted down and will be a good investement (Short term), they are willing to wager and flock to the European Markets. But they need cash. Sell gold to raise cash, then leverage the cash and then place it into the European Markets. So that is why Gold is down. Is it a sign, could be but gold as hovered at this level for months now, so it is where is has to be.
[findmoney] Coneydog. When you switch to an asset based economic system you have to have basis on the agreed upon base asset prices with which to base currency values. Thus market manipulation to achieve that to the desired level
[findmoney] And we are there!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[ConeyDog] findmoney ok then... I'm free to go to the bank today lol
[nolaspice] Starting TODAY....Let's make the rest of our life, the best of our life!!! Good morning castle!!!
[findmoney] Cruiser Its margin calls for the sell off
[childofgod] cruiser So now that gold is where is should be - we should be right on this, no?
[redhead1] Cruiser - good morning - always nice to see you - I am wondering if O will really stop the Bush Tax Cuts for the wealthy since so many have withdrawn their money - will he implememt something else to encourage the rich
[cruiser] childofgod I did not say that.
[childofgod] cruiser where it should be
sunny] redhead1 I'll see the bill before I believe it. The party in power talks about raising taxes but it usually has a back door and nothing much ever changes.
[cruiser] redhead1 who cares. Well out of our control.
[jamajacks] If Gold is where it should be then I could go to my basement and look at it! LOL GM castle!
[cruiser] redhead1 ??? [sunny] redhead1 The rhetoric and hoopla made over the tax deal is to make the avg. person think something is happening. When you've got money you can pay to have the loopholes that get you out of the taxes/regulations.
[redhead1] cruiser - I am hoping we are blessed before first of the year before the tax cuts are eliminated but they will probably not make many changes if this RV pays off our national debt
[ [redhead1] Sunny - you are probably right
[tornado] cruiser -Why is this taking so long,does the econonic collapse has to happen before all this unfolds??
[ [ConeyDog] sunny so you don't believe they will really close any loopholes?
[max13th] cruiser correct, tax hikes will have no bearing, too far at this point
[cruiser] childofgod ?? Sorry redhead1 that was not for you
[nolaspice] mbd4049 hey sorry - missed you! cruiser has the effecton everyone!! excitement!!
[bama] tornado if it helps move things along, my economic collapse has already happened lol
[cruiser] redhead1 a pen will do that. Not us.
[cruiser] tornado no. could be a matter of timing. Could be a matter of Credit, as in who will get it. Do not really know.
[ready4riches] lol lol
[tornado] cruiser -Maybe they can delay basil3 implementation if this is not done in a timely manner...........?
[findmoney] Look at this chart it is unprecedented . All precious metals are in what is called a dead cat bounce. STAT do not lie!
[SGD3] findmoney Whats a dead cat bounce?
[cruiser] tornado there is talk of it, but not going to happen. Banks are ready for it.
[SGD3] findmoney I get it- Is that good news or bad news/
[Josey Wales] Quote "Obama stating that China is not a currency manipulator" Hmmmmmmmmm, makes you think that China sent a stern message to the US on what Romney touted during the campaign.
[Ribeye] cruiser gm have you brought enlightenment to us this a.m.? lol
[bandit] Josey Wales ---What are trying to say dumbed down
[mbd4049] Josey Wales kind of funny... hmmmmm, then why has China moved a delegation over here to live???? hmmmmm
[cruiser] BTW, Watch the European markets tomorow. You will see exactly what I am talking about.
[tornado] cruiser -Maybe euro stocks up tommorow??
[SGD3] cruiser What shall we look for?
[Josey Wales] bandit China wants their image cleaned up, they are truly cleaning up a lot of corruption in the US financial system
[cruiser] tornado yep. That will prove my post correct
[cruiser] SGD3 has nothing to do with this investment
[childofgod] cruiser missed your reply earlier - with gold being what it is, does that have any impact on our situation?
[cruiser] childofgod It has hovered around here for a while, so really am not looking at it anymore.
[childofgod] cruiser OK TY
[just4me] cruiser Has there been any information leading to the possibility of this happening on or before Dec 1? or are we looking into 2013?
[redhead1] Did anyone ever read the book "The Girl With The Dragon Tatoo" - in the movie I did not see this but in the book the bad guy made all his money illegally on currency exchanges - thought it was interesting to know that someone even thought of this in fiction.
[findmoney] Cruiser I Totally disagree with that . Look at the charts on metals. DOW on swing stairs. Its longs on options selling metals to cover margin calls at end of month
[cruiser] findmoney Not the end of the month yet. There are 2 days left.
[Dsatmhk7] Cruiser - the meetings between the prez and CEO's - do they have any bearing on us?
[ready4riches] this is probably an old question and already answered but will we see this pop on the forex or what?
[findmoney] Ready4 NO When it switches over at the end of the month It will be a new car. Old system done and totaled out
[ready4riches] findmoney can you tell me in english? Lol
[mbd4049] findmoney so let me get this straight -- our old banking system will be done; new one in place with new Treasury bills?
[findmoney] mbd4049 You just have to piece it together. They are right now telling you in crytic ways we will no longer have the current US currency. Its all over the news that the penny and Nickle are done.
[mbd4049] findmoney I know, I do understand, just wanted to clarify it, ty
[nolaspice] just a lil prayer to kick start this fabulous day
[nolaspice] Gracious God, it’s so hard to wait. To wait for new things to happen in my life. To wait for you to answer my prayers. To wait for the open doors that may lead me into a new way of being. During the time of waiting, it seems that all I can think of is having what it is I am waiting for.
[nolaspice] At times I feel weary of asking and waiting, and I wonder if you really hear my prayers at all, if you are ignoring me, or if you are simply refusing to give me my heart’s desire. A part of me knows that you want my best, and that your time is not my time, but Lord, it is still so hard to wait.
[nolaspice] Deepen my trust, O Lord, during the times when my heart longs for what can only come in the fullness of time. Give me a calm assurance that your will for me is grander than anything I could ever imagine. Still my mind and heart in your love so that I am mindful of the grace you are draping around me every single day, every single moment. I ask this for the sake of your love.