political economy

a great presentation by peter boehringer about political economy respectively about politics driven by economy's lobbyists organized by PdV (party of prudence) in munich today. peter is a great libertarian + free market promoter, well known in the gold bugs scene basically via his blog at goldseiten.de where he reaches approximately 30,000 readers per article. he is also a money manager, founder of german precious metals association (DEG), public speaker and he recently often appeared as a co-founder of the initiative to repatriate the german gold, which you still can sign up here.

source: the event page

folks, i'm already too tired now and it is also too latte, so let's make just some notes today and give you some more insights tomorrow:

• market manipulations via subsidies, bailouts, uneconomic policies, laws (energy markets, car industry (electric cars), interest rates, stock markets (PPT), currencies (e.g. CHF/EUR = 1.20 burden decided by the swiss central bank SNB), bonds, gold price, agriculture, many other markets and last but not least the banking system)
• greece, merkel, bundesbank, financial crisis, system crisis, competitiveness of countries, .... sovereign debt interest rates before the euro system and know ....
• comparison of socialism and our 'market economy'
• state's share in germany's economy is approximately 50% and still increasing :-(
• paper currencies (euro, dollar, yen, ...), wealth redistribution, fractional reserve banking, gold is money, ...
• ESM, ESFS, eurogenforce, ...
• lies + fraud all over the political system + mainstream media
• pessimistic view: we will not stop before our system finally crashes
• personal rescue idea: buy gold + silver + protect your wealth
• freedom + free (competing) money systems + free markets
• ....
• ... more insights coming soon or never ...
• ...

friends, after peter's presentation had the most listeners probably similar opinion about 'right and wrong' in economy like john stossel, i think ...

source: never again socialism

just in case you still think there is no alternative to the current way of western nations, the icelandic president ragnar grimsson will prove the opposite, my dears:

after peter's presentation and a short break, there was an opportunity to ask questions to peter and oliver janich, the head of the PdV in a familiar atmosphere of the old, old, old bavarian pub in the very historic city centre in the marktwirt inn.

source + more details about this interesting place: here

there will be some pictures and probably also the complete video-recorded presentation (60 - 70 minutes) available soon, so i will update the blog post later :-)

go gold bugs go and let's stop bureaucrats, eurocrats, lobbyist, big governments, central banks, mainstream media and the like 

not a joke: 

source: here

eof

SILVER ~ fat cats never lose, but can they rig EVERY financial market?

because the physical silver market is so negligible small compared to the paper market (futures), the deep pocket guys can move the price of silver in every direction they like to. one day +4% (wednesday), the very next day -3% (=thursday=today) ... what about tomorrow? well done, my dear fat cats, well done 

fino, a fat cat too

btw, does still s.o. out there think the silver price is somehow supply-demand-related? sometimes i think the deep pocket guys need the financial markets only to rob the clueless public like us traders / investors, what is your opinion?

ps: i do not like you, my dear silver dragon + snake, you look almost identical anyway ... and now i will imprison both of you in a dark small safe without any daylight for a loooong looong time 

source: my 2012 performance summary

addendum ~ trading session today: silver was almost 3% down intraday, later erased all movements and now, 11 minutes before the gong, is it 0.41% up ... omg 

the silver market farce (source: dab bank), the last 5 days (remember, there was no trading on january 1st because of bank holiday in usa / europe)

btw, do not think the silver market is any special. of course, it is more volatile than gold, but you can find the same manipulation template in gold + currencies + bonds (all of them are directly manipulated by governments and their small dirty central banks (e.g. the interventions of the SNB in case the euro falls against the swiss frank below the 1.2 treshold (i.e. swiss frank 'too' strong, the poor euro too weak). this 'market' is so phony for so long that i've a made a snapshot for you - enjoy the last 3 years of the EUR/CHF fairy-tale below)). not any different are the movements in some important commodities like oil (the u.s. government loves to sell its 'strategic' reserves in front of elections and the like in order to make the oil price look 'good' for the public. government's buddies like the goldman sachs guys love to suddenly change the composition of their commodity indexes like they've significantly reduced the amount of unleaded gasoline in their GSCI few years ago and thus forced all institutions which offered derivates on that index to sell unleaded gasoline and helped the price for a short period to look better at the petrol stations ... and than there still is the plunge protection team (PPT) which doctors the stock market when needed ...

EUR/CHF (source: dab bank), you see the 1.20 treshold, don't you?

my conclusion: the finance world is a banana republic, a small banana republic, my dears 

banana plantation

last but not least, my dears: happy trading + investing 

ps: the nice smilies are borrowed from InformedTrades 

eof

2012 ~ my financial disaster is over

my performance 2012 + outlook 2013++

the real year end numbers will be coming soon, right after the u.s. + canadian markets close or tomorrow if i should be already too drunken in order to forget 2012 asap ... but i can tell you right now, this year was a disaster not only for my buy-and-hold mining stocks portfolio like in 2011 but also my micro trading account suffered a lot. why all of that? unfortunately, mainly because the real world out there did not fit to my believes about the world, economy, markets :-(

• my micro trading account ~ re-opened after 7 months break in may 2012 ~ strategy: long only commodities like oil, silver, orange juice, coffee, cocoa, wheat, corn, sugar + natural gas ~ mainly with stop loss orders and profit taking orders ~ approximately minus 2,000 €uros i.e. minus 67,30% => omg :-(
• my investment account ~ strategy: buy-and-hold mostly mining or explorer stocks from the sectors gold, silver, base metals (especially copper + iron) plus some green energy and technology ~ approximately minus 74,000 €uros, the percentage is difficult to compute as i did often add new money into new or existing positions, but i guess the loss in 2012 was about 20% => omg, omg, omg ... all of my 2010 fictive profits are gone and 11% of initially invested capital is gone with it ... omg :-( ... btw, the most relevant underlyings for my stock positions gold and silver were up 7% and 8% in 2012 respectively. not too bad, wouldn't you say? well, the markets do not have to be rational all the time :-(((

anyway, let's hope the upcoming year of the snake (= 2013) will be much, much, much better for commodity investments than the year of the dragon was ... or at least that i will be able to adjust my strategy to the real world in the financial markets :-)

my outlook for 2013? not much different from previous years ... even if the current markets play the deflation card with falling commodity prices all over the board, i believe that the reckless money printing by our western governments and their small dirty central banks ECB, FED, BoE, SNB, BoJ, etc. will finally cause inflation, inflation, inflation with rising commodity + cost of living prices; the protectionism will cause a collapse of trade and the economy; the financial-military complex  will start a NATO war against iran even if iran did not threat any other country in the last few hundred years (unless the west would succeed to corrupt or assassinate iranian leaders or to 'buy' an al-qaeda / muslim brotherhood driven 'revolution' in iran ... do you remember the war template used in iraq, libya, syria?).

any other forecast? yes, the fraudulent debt + phony economy system will not survive 2013 as its lifeblood, the paper money system, will finally crash. why a monetary reform right in 2013? well, mainly because the system didn't crash in 2012, my dears and because there is a rising awakening and awareness all over the world, so there will be less people who will accept the power elites' solution which in the last few decades always was money printing + reduction of democracy + rising surveillance of own citizens + the like. just consider, 4 years after the stock market crash of 1929 came the great depression. now, 4 years after the crash of 2008 and after our current corrupt leaders made already similar mistakes as the past leaders did 80 years before (e.g. protectionism or the huge misallocation of capital through government's stimulus), the economy should reach the same disastrous state like it have had in 1933 i fear ....

anyway, go gold bugs go and let's finally crash the fraudulent fiat money system in 2013. yeah, let's make a better 2013 or at least a change for a better world :-)

source: here

eof

where is the GOLD? queen elisabeth knows for sure ;-)

one hundred trillion dollars? yep, the largest denomination currency ever issued. friends, i'm a trillionaire now, you know?

where the hell is the land of trillionaires?

zimbabwe's dictator mugabe needed approximately 10 years to destroy the switzerland of africa (rhodesia) and 'create' economic collapse + hyperinflation + poverty all over the country ... how much longer will need 'our' fiat money mafia consortium FED, ECB, SNB, BOE, BOJ and their small dirty buddies, our current politicians to do the same to our communities? any guess out there?

btw, does it make any sense to keep / save / heap up paper money? no, just ask the billionaires. they count on GOLD and they make sure there is all their GOLD, not any IOU papers, you know?

source: here

queen visits (audits?) the bank of england's gold reserves ... wanna see the video? here we go for gold (watch out, the link refers to mainstream media, thus some stupid advertisement comes first, the story second, next advertisement after that ... omg ;-()

btw, do YOU still believe in paper currency? don't be that stupid and yes, here are some reasons why you shouldn't waste any time and GO FOR GOLD :-)

what is the value of my one hundred trillion zimbabwe dollars? zero, of course. why? well, every paper currency finally returns to its intristic value, which is zero. just ask voltaire, my dears.

just in case you wonder where i've got that nice zimbabwe bill, it was a stark reminder of how bad things can actually get from my friends at my gold & copper exploration and royalties company, EurasianMinerals (EMX).

go gold bugs go and let's CRASH the fraudulent fiat money system NOW :-)

addendum january 2nd, 2013: folks, i have bought few more EMX shares as i have decided to sell part of my orko silver shares (recently taken over by first majestic silver) and put the money in companies where the story + fantasy isn't over yet ...

eof