cgnao Posted July 2, 2007 Share Posted July 2, 2007 A major financial tsunami will soon hit us. It is likely to bring the international monetary system down with it. Central banks are now trying to stem the rising tide but will be overpowered by the sheer magnitude of US$ 2 Trillion in collateralised debt obligations and mortage backed securities. Protect yourselves before it is too late. Link to comment Share on other sites More sharing options...
bdon Posted July 2, 2007 Share Posted July 2, 2007 A major financial tsunami will soon hit us. It is likely to bring the international monetary system down with it. Central banks are now trying to stem the rising tide but will be overpowered by the sheer magnitude of US$ 2 Trillion in collateralised debt obligations and mortage backed securities. Protect yourselves before it is too late. How? Link to comment Share on other sites More sharing options...
Guest Bart of Darkness Posted July 2, 2007 Share Posted July 2, 2007 Hi cgnao, good to see you posting here again. There were a good few of us I'm sure who were wondering what had happened to you. How? I think gold would feature quite a llot in cgnao's answer. Link to comment Share on other sites More sharing options...
Minos Posted July 2, 2007 Share Posted July 2, 2007 A major financial tsunami will soon hit us. It is likely to bring the international monetary system down with it. Central banks are now trying to stem the rising tide but will be overpowered by the sheer magnitude of US$ 2 Trillion in collateralised debt obligations and mortage backed securities. Protect yourselves before it is too late. Good to see you back. Hope you've been well. Link to comment Share on other sites More sharing options...
Starcrossed Posted July 2, 2007 Share Posted July 2, 2007 Yes, welcome back, with your tidings of doom. Link to comment Share on other sites More sharing options...
EmpiricalBear Posted July 2, 2007 Share Posted July 2, 2007 Best thing would be to buy a house, there's nothing more secure than bricks and mortar! Link to comment Share on other sites More sharing options...
LargelyIgnorant Posted July 2, 2007 Share Posted July 2, 2007 Yay, Welcome back Cgnao! Thanks for all your posts to date. Link to comment Share on other sites More sharing options...
needle Posted July 2, 2007 Share Posted July 2, 2007 (edited) A major financial tsunami will soon hit us. It is likely to bring the international monetary system down with it. Central banks are now trying to stem the rising tide but will be overpowered by the sheer magnitude of US$ 2 Trillion in collateralised debt obligations and mortage backed securities. Protect yourselves before it is too late. [sopranos mode] Hooooo! Look who it is! [/sopranos mode] Edited July 2, 2007 by needle Link to comment Share on other sites More sharing options...
Its time to buy Posted July 2, 2007 Share Posted July 2, 2007 [i think cgnao's avatar should be updated - we could be past peak oil ] Link to comment Share on other sites More sharing options...
Willy Weasel Posted July 2, 2007 Share Posted July 2, 2007 Just been checking out some of the OP's other posts. I recommend anyone else who hasn't encountered this poster do the same Link to comment Share on other sites More sharing options...
OnlyMe Posted July 2, 2007 Share Posted July 2, 2007 cgnao, dragged up one of your quotes...................... Anyone for terminal inflation stage? Bank Of England Faces Policy Headache http://www.housepricecrash.co.uk/forum/ind...c=17713&hl= We've had inflation for years. It showed in financial assets first, then the housing market. Now it is spilling over to everything. It's happened before in history. Jens O. Parsson’s book “Dying of Money” explains where we are. QUOTE “Everyone loves an early inflation. The effects at the beginning of inflation are all good. There is steepened money expansion, rising government spending, increased government budget deficits, booming stock markets, and spectacular general prosperity, all in the midst of temporarily stable prices. Everyone benefits, and no one pays. That is the early part of the cycle. In the later inflation, on the other hand, the effects are all bad. The government may steadily increase the money inflation in order to stave off the latter effects, but the latter effects patiently wait. In the terminal inflation, there is faltering prosperity, tightness of money, falling stock markets, rising taxes, still larger government deficits, and still roaring money expansion, now accompanied by soaring prices and ineffectiveness of al traditional remedies. Everyone pays and no one benefits. That is the full cycle of every inflation.” Link to comment Share on other sites More sharing options...
Guest Cletus VanDamme Posted July 2, 2007 Share Posted July 2, 2007 Just been checking out some of the OP's other posts. I recommend anyone else who hasn't encountered this poster do the same He sounds eerily like Goldfinger to me, with a bit of Bruno thrown in for good measure. Anyone who bought gold at $720 when he was telling them to last year (when the dollar was 20% .stronger than it is now) has lost out I would say. Gold's looking good now at $654 though Link to comment Share on other sites More sharing options...
subsidiser Posted July 2, 2007 Share Posted July 2, 2007 Gold sucks. Its the worst investment possible. The only time it comes into its own as an investment is the time when you should be buying a gun. Link to comment Share on other sites More sharing options...
dnd Posted July 2, 2007 Share Posted July 2, 2007 A major financial tsunami will soon hit us. It is likely to bring the international monetary system down with it. Central banks are now trying to stem the rising tide but will be overpowered by the sheer magnitude of US$ 2 Trillion in collateralised debt obligations and mortage backed securities. Protect yourselves before it is too late. BIS report (the central bank of central banks) - effectively telling us what's going to happen... Credit crunch will 'shred investment portfolios to ribbons' http://www.telegraph.co.uk/money/main.jhtm...cncrunch102.xml Link to comment Share on other sites More sharing options...
OzzMosiz Posted July 2, 2007 Share Posted July 2, 2007 The Prodigal son returns. Wb Cgnao Link to comment Share on other sites More sharing options...
the end is a bit nigher Posted July 2, 2007 Share Posted July 2, 2007 Gold sucks. Its the worst investment possible. The only time it comes into its own as an investment is the time when you should be buying a gun. I agree. Chickens are the way forward. They breed, produce edible off-shoots and can be eaten if needs be. In the event of social breakdown it's going to take a hell of a lot of gold to buy one of my chickens. Link to comment Share on other sites More sharing options...
Goldfinger Posted July 2, 2007 Share Posted July 2, 2007 Gold sucks. Its the worst investment possible. The only time it comes into its own as an investment is the time when you should be buying a gun. That's possibly because gold is not really an investment. It's cash. Heavily manipulated (suppressed) cash. Link to comment Share on other sites More sharing options...
Goldfinger Posted July 2, 2007 Share Posted July 2, 2007 I agree. Chickens are the way forward. They breed, produce edible off-shoots and can be eaten if needs be. In the event of social breakdown it's going to take a hell of a lot of gold to buy one of my chickens. I would buy some (with my gold). But then, where could I buy a chicken-forward? That might come cheaper. Link to comment Share on other sites More sharing options...
Wad Posted July 2, 2007 Share Posted July 2, 2007 I would buy some (with my gold). But then, where could I buy a chicken-forward? That might come cheaper. NOoooo! The last thing you want to do in a depression is buy anything forward. Spot purchase everything - what you cannot eat, live in or burn today can always be bought cheaper tomorrow. Remember, buying a house with a fixed rate mortgage is just the same as going long on a series of forward contracts to cover your future rental outgoings. Rent houses on the spot market during a depression and keep negotiating the spot price down. Link to comment Share on other sites More sharing options...
Guest Bart of Darkness Posted July 2, 2007 Share Posted July 2, 2007 I agree. Chickens are the way forward. They breed, produce edible off-shoots and can be eaten if needs be. In the event of social breakdown it's going to take a hell of a lot of gold to buy one of my chickens. However, if I buy a gun instead of gold, I can have all of your chickens, not just one. Of course, if I bought a golden gun (ala. Scaramanga) I'd surely have the best of both worlds. I feel like chicken tonight, chicken tonight. Link to comment Share on other sites More sharing options...
needle Posted July 3, 2007 Share Posted July 3, 2007 Nice little nod to the GATA types in the very last line - "Perhaps governments should simply stop trying to rig the price of money in the first place." Link to comment Share on other sites More sharing options...
Nicholas Cage Posted July 3, 2007 Share Posted July 3, 2007 How do you protect yourself?, nobody even knows what risk they are holding or where they got it from because it has been cut up and resold and squished together so many times. Link to comment Share on other sites More sharing options...
jonpo Posted July 3, 2007 Share Posted July 3, 2007 How do you protect yourself?, nobody even knows what risk they are holding or where they got it from because it has been cut up and resold and squished together so many times. there are known knowns known unknowns and unknown unknowns Link to comment Share on other sites More sharing options...
mrcuban Posted July 3, 2007 Share Posted July 3, 2007 there areknown knowns known unknowns and unknown unknowns You forgot unknown knowns Link to comment Share on other sites More sharing options...
AvidFan Posted July 3, 2007 Share Posted July 3, 2007 Welcome back Cgnao! I want to see you and Goldfinger go head-to-head in a Gold-bull competition! Link to comment Share on other sites More sharing options...
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