Silver getting crushed today

An anticipation of hot inflation due to quantitative easing that did not occur.

 

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Agreed (to a point). That is our system. I just believe that a system built on nothing except debt, where value is placed on non-existent numbers and where actual tangible things are 'poo poo'd' and seem frozen in time (and even falling relative to the actual cost of living) has to crash. 2008 was nothing and we're headed back there full steam ahead with no checks or balances. Further, we have someone in the WH that embraces filing bankruptcy and generally screwing over those that work hard. I'm sorry but, that HAS to end badly for the lot of us and it's gonna be ugly. That's just how I see it. Why work? What for? So someone can simply negate your work and then be rewarded for doing so? 20 trillion dollars later and now what? Yup, the ride is about over and personally, I'm staying away from under those rooftops.

 

For that to occur everyone would have to be their own bosses.
No supervisor, no boss. No bosses' boss. As those people would just push profitability for their pockets. Of course individualized self- economies would eliminate economics of scale and thus have inefficiency grow at an alarming rate.
And of course the only jobs in existence would require some type of labor/service.

It's not like silver is breaching $1,000 oz right now.

 

Inflexion articulated it much better and more simply than I am apparently able to. Perhaps instead of ridicule you might respond to his post more directly? Just a thought.

 

Thanks. I've never bothered to look into it. It certainly did pop quickly though.

 

Fact is that most people 'working' are spinning their wheels working for someone else, accruing little of value and incorporating lots and lots of debt. Do the numbers and it doesn't seem worth the effort to work for the current corporate monopolies. You work, and you sink further and further into debt. For what? Soon as people figure it out (and they seem to doing that with more and more frequency these days) the party will be over. The aftermath of debt and 'valuelessness' in its wake. People need to generate profit off of their own labor, invest in themselves and stop allocating high profit margins to their corporate masters. Sounds anti-social I suppose but hey, dust to dust. Silver at 15 dollars and 20 trillion in debt? Something's way out of whack. All I' saying. I think it's silly to work for a living, given the current structure. No point in it.

 

I don't know. I believe in actual progress -- that humanity as a whole should aspire to something more than "traditional" subsistence, where nearly everyone hunts or works the fields, and the unlucky and their children starve alongside the "lazy, feckless freeloaders". Even today's wage slaves who see Their Tax Dollars redistributed to "the undeserving" are worlds better off than feudal peasants.

 

Problem is what has been allowed to gauge that progress and who dictates what is progress. So far, 20 trillion in debt and someone in the WH who made a career out of filing bankruptcy. Not very inspiring, I'm afraid.

 

Most people don't want to save. (excluding low income in discussion as they tend to live more in their means stereotypically than people making 3x 4x their income). And they buy things that do not create long term value.

Their too up on the luxuries that the spend lavishly on themselves, such as high priced coffees, leasing a car ... lease after lease after lease, new shoes, boat, living beyond their means etc. Items that have no real value or a high depreciation.

I actually was starting on working a template on how to save and build wealth more geared towards those in financial trouble. It's amazing how people don't live within their own income. If I finish it I'll probably give free seminars at the library. Too many people ignore their own budgets and buy on impulse or maintaining a certain lifestyle because "every one" else does.

 

Well, most people (of working status) can't save due to the ridiculous and ever rising costs of living. Just where I live, I've seen corporations come in, build brand new buildings only to file bankruptcy 6 or 12 months later (ie Walmart building brand new buildings right next to existing Walmarts, Eckerd's, Taco Bells and on and on). Who eats that debt? We do. Tough to find value in that kind of atmosphere and in a world of minimal wages. Meanwhile, Wall street sets new highs? Something's wrong bro.

 

One factor which is usually ignored as 'just going with the flow" is the role that the bullion newsletters, end of civilization writers, and bullion dealers with of course, the big money commodity exchanges which were happy to squeeze and enhance the furor played. It would never have occurred without the internet either. Go back and read some of the threads in the bullion section from the $30+ days and you will see that these same players are smacking their lips to get another going, and they will sooner or later. $15--> $35-->$15 , but the last move will be in 1/10 the time. The commodity houses, bullion dealers, and banking will end up with the cash, and the game starts over. There is no Documented new uses of silver to increase demand, There is no reason for storing large amounts of bullion. Most of the stackers then rode the price up and refused to sell , 'knowing' it had to continue and lost any gain. They would do the same if it happened again tomorrow. Ask on the forum if silver went to $24 in the next 2 weeks, would you sell? Most will say no, its going to the moon. We heard that 100s of times on this forum and will probably again. Any money spent on bullion would be better spent as an investment in education leading to better job security or money management. IMO.

 

large corporations usually build a new building due to wanting to expand and offer better services. and their existing building was well paid for. Otherwise they usually just expand/refurb the building. Taco Bell near me refurb'd their 30 yr old building, where as McDonalds totally replaced & moved their aging 40+yr old building. Walmart expanded/refurb'd their 10 yr oldish building. So it's all dependent upon the economies and whether they want to move for better customer/traffic flow.

So the debt of new constuction can be based on the profitable cashflow over 5-10 yrs (or more really) of building construction or they can leverage expansion costs across a region, etc. for surplus budgeted projects.

But companies profits are driven by the stock holders/corporate drive for more profits to either create value in stock appreciation or dividends or both.

On a personal level, if one cannot save then they really have to evaluate their entire budget down to the penny. I tell people to track *all* their expenses (even using a gumball machine) for a couple months. They're usually amazed at how much money they spend on stuff they didn't even consider would impact a budget - normally Starbucks percolates to the top. But no one wants to give up their coffee.

FYI, I've seen some people actually spend more on coffee, than their mortgage.

 

I can agree with portions of this also. To your last point on education though. Educate yourself on what exactly? How to file bankruptcy and 'screw your neighbor' (so to speak)? The game changes just when you think you've 'educated' yourself adequately. Take the healthcare profession, for example. It used to be thought that this field was relatively safe to build a future in, and it still is to some fraction of a degree. However the game has change immensely in that once again, large corporate entities have entered and re-entered and are now looking to hire only 'green' candidates that will work for next to nothing. Meanwhile profits soar for the top tiers and the bottom tier just keeps getting hammered. I've lived it. My point on pm's being that when these corporate games evaporate, what will be left? All that will be left is debt and more debt while the top tiers run away with all of it. I know this sounds 'stackerish' of me but it's true. The population as a whole in this country are getting hammered, and the top tiers keep upping the ante. For the lower tiers, you now have to get on some type of government assistance while working full time for a large corporation (ie Walmart). There used to be a time (I've lived it) where the middle class and even the lower class could thrive to some degree. That ISN'T possible today without some large pool of debt to draw from. Meanwhile, pms not only don't go higher (while the cost of actual living goes up and up) but they even have fallen. This is sick and indicative of a society bound to fall. Again, I point to what has made it to the WH as an example. PMs HAVE to go up at some point. They're grossly undervalued weighed against the record breaking 'value' (cough) of the 'paper' market. Waste, fraud and dumping debt highlight our society. Pms are one of the only things that (over time) hold some value versus fictional numbers created on some book keeper's spread sheet. All that said though, you're correct to a point. The top tiers will fare well regardless of what happens or doesn't happen. I'm only advocating for those of us that aren't stacked to the gills with oodles of wealth and pms DO best promise the value of some kind can be held onto over time. These creative book keeping schemes don't bode well for the MAJORITY of these United States citizens, and that's really all I'm trying to highlight here, despite the seemingly never ending words posted here by me. Bottom line, the rich will do fine. Everyone else? Not so much. Grab pms now and hold them. You may not get instantly rich tomorrow but over time, there WILL be some value down the road. The Walmart next door? Gone.,along with those created portfolio 'enhancements' manufactured in the big shell game we call 'corporate business'. On a good note though, the sooner it all crashes and burns, the sooner something more tangible can be reconstructed in the aftermath of the craziness that my children and yours can safely invest in because hopefully, there WILL be something to invest in (other than creative bookkeeping tricks or gaining wealth from dumping your debt onto someone else). This system we have now is near valueless and bound to explode into a cloud on dirt and steam. Count on it (though not much else can be counted on for sure).

 

Good points, all of them. It does involve personal sacrifice and some mathematical skills along the way though, and most aren't too well versed there. Walmart always needs suckers, I mean workers though. I just want something for my kid to be able to actually work FOR, which today is difficult (if not impossible) to ascertain. A goal that can be measured and hold some value. Today, it seems the only thing that can be measured (and celebrated and who knows, gain the Presidency?), is the ability to screw somebody else out of something and NOT actual value. It (the whole blasted, screwed up system) needs to crash and burn before it can be fixed, sadly enough.

 

[QUOTE="TommyP, post: 2643989, member: 80814"(the whole blasted, screwed up system) needs to crash and burn before it can be fixed, sadly enough.[/QUOTE]
I agree!! I Hate to say it but most of the comments are way over my head but have to agree .

 

I don't have the cognitive capacity to read all the long posts in this thread right now. Temporary ADD kicking in. All I have to say is keep stacking my friends, silver is going up!

 

Ha Ha Me too. And yes it is waiting on that$18.00 mark.

 

Silver and gold both settled at three month highs, according to Marketwatch.

 

then what? sell it all back for fiat munny?

 

Exactly, hopefully more fiat. I buy and sell this stuff. To me it's a poker game. I don't have a lot in so there is not much risk. Call me a trader, speculator, whatever.