lach ermaar meeAdamus wrote:Kapitein ZepposRasta wrote:King World News: Jim Sinclair - Expect Another $17 Trillion of QE & War in Gold
Jim in one of his hobbies - amphibious cars
Transcript Page - Interview Page - mp3 interview [11:22]
jezus mensenRasta wrote:Although mr. Sinclair explains it differently, in essence he is describing freegold.
There is no return to a FIXED anything, but there is a clear indication of a return to the relationship of floating financial alarms, a marriage between the thesis of Bretton Woods and the floating sins of our Financial Fathers.
The Revitalized and Modernized Federal Reserve Gold Certificate Ratio will be tied to a broad measure of money supply, M3 or another new definition of liquidity.
The gold that the US Treasury has held primarily at the New York Federal Reserve will be valued at market at the time of adoption of this mechanism. Please understand that regardless of the arguments concerning the number of ounces the Federal Reserve/Treasury holds, since it will never be audited, accept what is said as correct.
Now the floating increase or decrease in monetary aggregates will mandate a change in the value of the gold held by the US Treasury.
The US Treasury will never have to buy or sell any gold because vehicles will be created that are immediately traded on exchanges that will speculate on the changes in the broad base monetary aggregate in terms of the gold price. That will serve the needs as the aggregates increase.
This is in fact a public way to view the aggregate change by changing the value of another asset, which is a means of balancing the balance sheet of the USA as it was at the day of adoption.
It is not convertibility. It floats and is not fixed.
Sinclair's Revitalized and Modernized Federal Reserve Gold Certificate Ratio
so 1968Rasta wrote:You really, really got to love this man. I mean, just read this piece, and comprehend he had the privilege of learning from one of the best. And Bert (Bertram) Seligman was one of the last of the Seligman line, the house of Seligman, a banking dynasty. Matching that of the house of the Phillip brothers, Lehman Brothers, Schiff, Guggenheim, etc. And, Bert was a long friend and business partner of Jesse Livermore, the best trader of all times. Highly recommended read on those banking dynasties is "Our Crowd": The Great Jewish Families of New York
JsMineset: Clarification on the Recent King World News Interview
Dear CIGAs,
In my interview with Eric King, I was asked what Bert would do in the middle of the conflicting information concerning the ISDA and the size of the situation. My answer was to go flat. You need to recall he was not an off the floor trader, but a market maker type specialist since the time he sat in the window of a gin mill hand signaling his partner trading on the outdoor Curb Exchange which became the American Stock Exchange. He was a businessman and not a gambler. When there was no clear definition of an event he would not accept risk. That does NOT mean sell gold.
In fact Bert held his core personal physical gold position taken in 1968 all the way until 1980. He never sold an ounce of his core position. If he was long or short something was more a matter of what time of day it was since he would be on the right side of his markets, whatever they did. The man traded like a master painted. I am ok, but I do not have his talent. It was rare and unique. It was more an art than a science. He was a born merchant.
Bert, when he retired, lived in Lugano, Switzerland and was a Swiss citizen. He was a guest of the UBS trading department, and spent his retirement trading still. UBS then was the true conservative Swiss banking institution of the grand old tradition. Bert also spoke the language.
One of the nine times he fired me, I asked him why. His answer was simple. He said; "We are in business to make money, not to lose it." It is hard to argue with that. Yes, we drove home together in silence, and ate dinner the same way. Mother was the peace maker. Add to this Mom was an Irish chef. It is no wonder why I still have acid reflux.
Adamus wrote:Daarom heb ik wel eens gezegd dat we het goud zomaar kunnen lozen via een Chinees ambassade- of bankloket. Diplomatiek gaat het per koffertje het land uit. Er is in 40 jaar tijd, ook de tijd van Jelle Zijlstra, al bijna 1700 ton geruisloos afgevoerdRasta wrote:King World News: Jim Sinclair - US Launches Economic War, Gold Reacting
transcript page/blog - interview page - mp3 interview [18:50]
Today legendary trader and investor Jim Sinclair told King World News that gold has taken a major step towards becoming the currency of choice when it comes to international trade. Sinclair also said the US has launched an economic war against key Asian countries and it is having an immediate impact on the gold market. Here is what Sinclair had to say about the situation: “Wall Street goes to war and the weapon is money. There was a day when we went to war and the weapon was an armada of ships. It was landing on Iwo Jima, mano y mano, it was bravery and honor. Today it’s dollars.”
Gaat de echte prijsvorming vanuit het oosten geïnitiëerd worden?
ja ik hoor je denkenpascaline wrote:Adamus wrote:Daarom heb ik wel eens gezegd dat we het goud zomaar kunnen lozen via een Chinees ambassade- of bankloket. Diplomatiek gaat het per koffertje het land uit. Er is in 40 jaar tijd, ook de tijd van Jelle Zijlstra, al bijna 1700 ton geruisloos afgevoerdRasta wrote:King World News: Jim Sinclair - US Launches Economic War, Gold Reacting
transcript page/blog - interview page - mp3 interview [18:50]
Today legendary trader and investor Jim Sinclair told King World News that gold has taken a major step towards becoming the currency of choice when it comes to international trade. Sinclair also said the US has launched an economic war against key Asian countries and it is having an immediate impact on the gold market. Here is what Sinclair had to say about the situation: “Wall Street goes to war and the weapon is money. There was a day when we went to war and the weapon was an armada of ships. It was landing on Iwo Jima, mano y mano, it was bravery and honor. Today it’s dollars.”
Gaat de echte prijsvorming vanuit het oosten geïnitiëerd worden?
One of the nine times he fired me, I asked him why. His answer was simple. He said; "We are in business to make money, not to lose it." It is hard to argue with that. Yes, we drove home together in silence, and ate dinner the same way. Mother was the peace maker. Add to this Mom was an Irish chef. It is no wonder why I still have acid reflux.
dat je 0,00 bent adamus
vragen stellen ipv antwoorden proberen te vinden
als het van mij afhangt daalt goud naar 25.000 euro de kilo voor 40 jaar lang
http://www.clint.be/actua/economie/gold ... kinderseksRasta wrote:What Sinclair talked about in this interview, that the "crowd" is now totally corrupted, there are no Lehmans anymore in Lehman, there are no Goldman's in Goldman. The mindset is now to destroy, not to build. And to destroy till everyone is out at zero, not even at a penny.Rasta wrote:Done in 2010, this is another great interview with Sinclair, where you .... got to love this man. The whole interview is a must listen in my opinion, but make sure to listen from [22:30] - [39:40] where Jim takes you back to the days when he was working with Bert Seligman. Discussing the dirty tricks to manipulate stocks (when manipulation was legal), discussing Jesse Livermore, and a couple of funny stories of Sinclair worth listening to.
mp3 interview - interview page
Zerohedge: Ex-Goldman Exec Comes Clean On How A "Toxic And Destructive" Goldman "Rips Its Clients Off"
Postings like this are THE reason why I don't like you.Boefke wrote:@Pascaline
Haven't you noticed that no one is responding to your pages filled with rubbish?
there may be a reason for this.....
