[kj] OT -- 9%... 10%...

[Brendan Quinn]

If you have made 100% since then

 

Sorry that needs to read 50%

 

From: gathering-bounces at misera.net [mailto:gathering-bounces at misera.net] On Behalf Of Brendan Quinn
Sent: Friday, 11 February 2011 7:04 p.m.
To: 'A list about all things Killing Joke (the band!)'
Subject: Re: [kj] OT -- 9%... 10%...

 

stocks are the only way nowadays to make any money.

 

Here’s a few facts: 

 

·         Money invested in the sharemarket from 2000, to now – made 0 %. Diversification / index tracking (Wall St mantras) didn’t help one iota. Gold made over 350% in that timeframe. USD lost half it’s value. 

 

·         Silver was up 82% last year. Commodities had a huge year. Almost everything did well, when valued in dollar terms…because the dollars are multiplying and have to go somewhere (if they languish in bank accounts collecting 1.5% interest, they are going backwards)

 

·         If you had $1M in 2008, and copped a 50% hit, like most of the free world, you were left with $500K. If you have made 100% since then, you’re up to $750K (valued in dollars of less value due to inflation). Losses hit much harder than gains. “Manage the losses and the gains will take care of themselves”. 

 

·         Something like 70-80% of money managers fail to make the market average. 

 

Bankers love currencies, equities, derivatives, (mis)managing money for people, and make nothing from gold and silver. What’s done better in the last 10 years? Representations of assets, or hard assets? One is managed by the bankers, the other actually exists in the real world. Correlation? 

 

Every dollar invested in gold and silver is a dollar the crooks can’t screw management fees and commission on, generally for doing nothing other than investing in index funds. Gold and silver can’t be printed from thin air, they require hard work, knowledge and risk to extract. For all these reasons, bankers hate gold and silver (which are uniquely both commodities and money)

 

Gold and silver have been used as money for far longer than paper. Long term, paper money and all fiat currency has always gone to 0%. Metals have retained their value for thousands of years. There is a finite supply of metals (and most commodities), there is no limit to how much currency can be printed. I you don’t believe me, feel free to bid on this ebay auction for 100 50 trillion dollar Zimbabwe notes:

 

 

Every time precious metals have dipped in the last 10 years of secular bull market, the Wall St talking heads have proclaimed BUBBLE. The price of PMs has been manipulated down for decades – the genie is starting to come out of the bottle, hence he last 10 years results.  

 

 

From: gathering-bounces at misera.net [mailto:gathering-bounces at misera.net] On Behalf Of sade1
Sent: Friday, 11 February 2011 5:37 p.m.
To: A list about all things Killing Joke (the band!)
Subject: Re: [kj] OT -- 9%... 10%...

 


> .. the retail investor has fled (finally learned some sense). 


 

What kind of trouble lurks for the retail investor? I'm running a small fund (online) for a couple of elderly relatives and I've gotten 87% return in 10 months without anything weird happening or any other "things that go bump in the night". Should I expect a knock at my door (or a second cursor on my computer screen)? It seems around here, stocks are the only way nowadays to make any money.

 

 

  _____  

From: Brendan Quinn <bq at soundgardener.co.nz>
To: A list about all things Killing Joke (the band!) <gathering at misera.net>
Sent: Thu, February 10, 2011 7:44:58 PM
Subject: Re: [kj] OT -- 9%... 10%...

And that's with Corporate America sitting on a liquid $2Trillion in cash

 

Re US economy:

 

Cash - massive Ponzi scheme, every year it’s worth less and less. >From 2000 to 2008 USD lost 50% of its buying power.

 

Bonds – what’s worse, holding US dollars now, or pieces of paper that promise US Dollars in 30 years time? No thanks. (USD depreciated 41% vs AUD last year) 

 

Shares – totally manipulated, most trades are now done by computers, the retail investor has fled (finally learned some sense). A few banks last year had 60 straight days up in trading – statistically close to impossible amid the volatility at the moment. The markets are rigged.

 

            Google – “dark pools”  “high frequency trading” “SEC fines JPM” “SEC fines Goldman”

 

Hard physical assets are where to park your money. Almost anything to do with the financial representation of actual assets is tainted.

 

American banks aren’t using mark to market for bank ‘assets’ – if they were half of them would be under water. $2T in cash is irrelevant when the other side of the balance sheet is make believe (and the consumer, esp middle class, is stuffed)

 

An economy that can’t add jobs after 2 years of 0% interest is pretty much fucked.

 

US is waging massive currency war and complaining that others are. China is actually raising interest rates, raising the value of the Yuan, and encouraging people (via television ads) to buy physical gold and silver. What’s Obama and co doing…? Printing money, debasing the currency.

 

Chinese saving rate > 30%. US saving rate 1%

 

“BELIEVE IN CHANGE”

 

Good luck with that.

 

/rant

 

From: gathering-bounces at misera.net [mailto:gathering-bounces at misera.net] On Behalf Of sade1
Sent: Friday, 11 February 2011 4:21 p.m.
To: Gathering
Subject: [kj] OT -- 9%... 10%...

 

So here it is again from the horses' mouths.  At the highest level they are saying now that unemployment won't come down to a near(-but-still-high)-normal 5% for another 10 years, with 6 years being the Optimists' view. And that's with Corporate America sitting on a liquid $2Trillion in cash = 50 million people working for a year. They'd rather buy back their own stock (to keep the gains and dividends in-house) than to put a commoner to work.

9% Unemployment Just Fine  <http://us.mg4.mail.yahoo.com/dc/launch?.gx=1&.rand=5fgqj6vg891ik> http://us.mg4.mail.yahoo.com/dc/launch?.gx=1&.rand=5fgqj6vg891ik

And,  <http://news.yahoo.com/s/yblog_exclusive/20110209/pl_yblog_exclusive/why-is-the-jobless-rate-staying-so-high-and-what-can-be-done-about-it> http://news.yahoo.com/s/yblog_exclusive/20110209/pl_yblog_exclusive/why-is-the-jobless-rate-staying-so-high-and-what-can-be-done-about-it

 

10% of the land is The Hand 

that pulls the strings... 

to have, to own, to hold: 

   money, property, assets - before lives

 

Green gestures..an endless debate

Why? Just to justify, 

             jus-ti-justify..this 'Utopia':

                                                 "Money is our business

                                                   Cash is our business 

                                                    These derivatives is our business

                                                     Lies! are our business

                                                      Business is our Business!!"

 

 

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