Galt's Gulch

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  • Posted by Blanco 7 years, 5 months ago
    America's (and the world's) day of economic reckoning wilI come one day, and it will be UGLY.
    I'm talking Great Depression UGLY. Guns and gold will be welcome companions on that day.
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  • Posted by DrZarkov99 7 years, 5 months ago
    The reason people are dumping bonds and cash? A perception that stock markets are going to benefit from an improved global market. The business community is not engaging in the hysterics the politicians are over the election of Donald Trump, and see improved economic activity with a businessman in charge of the world's biggest market driver.
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  • Posted by $ MikeMarotta 7 years, 5 months ago
    Your figures show about a 5% drop, like if I kept $95 in cash instead of a hundred in my wallet. ... not like I'm dumping cash because I bought something...

    Also, the thing is, for every sale, there must be a buyer. Who bought these "worthless" securities? Someone sees the future differently than you do. It is always that way. Every buyer every seller thinks that they know more than everyone else.
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    • Posted by freedomforall 7 years, 5 months ago
      Yes, that is what the article says, Mike. Bankster insiders are selling. Unsophisticated retail customers are buying. That has been a good predictor for many market declines in the past. Of course, it could be "different this time" like in 1987, 2000, and 2008.
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      • Posted by $ MikeMarotta 7 years, 5 months ago
        That does not make sense, FFA. I worked most of 2016 and my contract does continue through 31 December. So, having saved about $500, I went to a local coin show and bought 22 common XF/AU silver dollars and some cute rounds. (I got my wife a Valentine's Day 1991 bar.) That was a retail purchase. Anyone who buys US Treasury bonds is not an unsophisticated retail buyer. You don't buy just one and put the certificate in your desk drawer.
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  • Posted by term2 7 years, 5 months ago
    So if they dump treasuries, what do they get for selling them off? I wonder who are the fools that are buying them, and what effect that will have on the citizens of the USA.
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    • Posted by $ MikeMarotta 7 years, 5 months ago
      Maybe StraightLineLogic can answer that. My perception is that they sell the treasury bonds for some other form of cash that they then use to buy other fiduciaries or commodities. There's not much else it the world. Maybe they are buying movie theater chains for the cash flow... or putting stacks of gold bars in underground vaults where they have pleasure palaces...

      Personally, I got burned out on this doom-and-gloom stuff ten years ago, having been with it since I read Atlas Shrugged in 1966. I was already emotionally prepared for a bright future when I read The Future and its Enemies by former Reason editor, Virginia Postrel. She puts the rightwing preppers in with the leftwing global warmers. Elon Musk is planning to goto Mars.
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  • Posted by $ blarman 7 years, 5 months ago
    It is also known that China has been the #1 gold buyer in the world for at least the past 10 years and that they are more than willing to engage in long-term strategies of dominance. They already have demonstrated the hacking ability to make the US very sorry literally overnight. The problem is that their own economy is built on false demand - if they take us down, they take themselves along for the ride.
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  • Posted by $ Olduglycarl 7 years, 5 months ago
    Knew this was coming a while back...let's hope it'll bite them in the ass.

    Central Bankers are happy with trumpet and the possible repeal of dodd frank...we'll just have to stay tuned in and see...
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  • Posted by mminnick 7 years, 5 months ago
    The r4eal question is is this a one time sale or will it cascade and become wide spread and semi-continuous? A one time thing, not a problem, widespread and common/daily, a real problem.
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