Posted by ipso facto
@ 20:18 on August 6, 2014
Posted by Buygold
@ 19:39 on August 6, 2014
Nice call on the Aussie dollar. Surprised me when you said the AUD would go up with the USD but seems to be working out for you. Best.
Posted by Richard640
@ 19:16 on August 6, 2014
Re: FATCA
Bill,
This is apparently already in effect. Monday I transferred a few thousand dollars from my Tulsa account to my French bank, using a very good service called TransferWise. They couldn’t complete the transfer and have created a nightmare situation for me because the transfer came from my US checking account, which also has my company name on it. This puts it into a whole new category that FATCA scrutinizes carefully. The European and other international banks are running scared over this US overreach. It bodes not well for the future.
DD
Posted by OldeDutch
@ 19:05 on August 6, 2014
You don’t open factories overnight, and where and what would they produce that cannot be purchased cheaper elsewhere. In any event things will have to purchased while the new facilities are being built and that will not be overnight……….
Posted by OldeDutch
@ 18:11 on August 6, 2014
Working at what and where……….?
Posted by OldeDutch
@ 18:08 on August 6, 2014
The Question still is not answered. While a new economy or lifestyle is be implemented ‘ who feeds and clothes and houses those without jobs or income of some sort, especially if printing presses are stopped. NYC requires at least 30 million pounds of food a day just to feed its people, an economic crash would cause “blood on the streets” as I see it.
Posted by goldielocks
@ 17:55 on August 6, 2014
According to some gold obsolete too so anyone having any should all sell and put it in a bank and use your cell phone as a ATM card. I can see a wrong person getting ahold of that. Actually Ive only seen it done a couple of times no matter the area. So since it’s deemed obsolete might as well get rid of it and turn it into those valuable dollars to help the bankers and gov. so they can charge you for holding it or initiating negative interest rates. However if w EMP does hit good luck getting your card to work. Same goes for those printing presses for goods.
Posted by grin
@ 17:49 on August 6, 2014
lol, good one. and kwn to boot, eesh!
king world nausea……?
if I am not misunderstanding, she has been very cautious for the past year and I dont remember her being so at 1900. Which is really the story with almost every investor,blogger, site, et al in the pm.s….sad but twoo
Posted by Samb
@ 17:25 on August 6, 2014
Ok, I read Louise Yamada. She says gold really could go up here. She also says gold could really go down here. Could go either way. Startling news, surely worthy of $250 …PLEASE! And Richard, please don’t let any of this interfere with your sanity in posting pure garbage.
Posted by goldielocks
@ 16:58 on August 6, 2014
In the 1900s majority of jobs were to my agriculture. In early 1900s not populated or over populated. Surely your no comparing the days of open territory’s to today where this territory is now filled. Were not living in the past were living in the here and now. Even in those days they apparently had better border patrol and limits on how many could come in legally. Think it was like 100k year. Then Ted Kennedy it was I believe who increased it to a million. That’s only legal entry. Did he do that with consent if citizens or just took it upon himself or maybe some back pocket deal with industrial wanting to pay cheap wages?
Posted by eeos
@ 16:56 on August 6, 2014
I’m not so concerned about automation or a computer taking over my job.
I’m of the belief that a new economy is now emerging. A third industrial revolution is unraveling right before our eyes. This is all occurring b/c of the web and cheap digital fabrication tools.
The old regime will fall. the old way to do business will drown many of fools coming soon. The old model of designing something in the west and shipping off the blueprints for it to be built by a third world country is soon to be challenged. Products will no longer be loaded onto boats and shipped. It’s a dead model that the PTB want to keep on CPR as long as possible.
We’re moving to the future where factories will no longer be needed to produce items. Just download and print. John Maynard Keynes says, “It’s easier to ship recipes that cakes and biscuits.”
All industrial revolutions so far have been hugely disruptive technological events that cause many problems in the social and economic fabrics.
Ideas want to be free and shared. Hoarders hurt themselves. Elon Musk recognized this and made all his car patents open source. Pretty neat stuff. A door has opened.
If a factory is everywhere, the design team is everyone. One size fits all.
Posted by OldeDutch
@ 16:41 on August 6, 2014
In a sense employment/unemployment is this, and other countries biggest problem. There are few jobs for the working class anylonger. Machines and computers have taken over the production of goods and even some services. As I am sure Mr. Copper is aware of, right after WW 2 it took almost three years to reconvert the ‘war plants’ back to produce the multitude of civilian goods that were in demand. There were waiting lists and premiums (along with ‘under the table’ bribes being paid for almost any manufactured product you wanted. Today we cannot even use the old manufacturing plants as they are too obsolete to even be ‘re-opened’. So the problem really is what do we do with millions of working class people who need to eat, be clothed and housed. Work to eat is not the answer, when there is no work, and the government will provide a better standard of living for free. No one will work for minimum wages, that for the illegals. Any comments?
Posted by Mr.Copper
@ 16:37 on August 6, 2014
Japan has been losing jobs to China lately, since 1990. Same as the USA. Big global business needs it ass kicked. Each country should be self reliant, produce own needs, import only what they can’t get locally.
In other words, each country should produce their own aircraft, cars, consumer products etc. What big business has going now is……
Gotta go now. We had zillions of immigrants early 1900s, and plenty of work for them.
Posted by goldielocks
@ 16:28 on August 6, 2014
Heard that Israel going to build third temple. Seems these congress here who sign things without reading them or seeing the consequences to others negating their duty to do so seem to have no clue what’s going on around them or how every action or inaction will create a reaction.
Posted by North
@ 16:21 on August 6, 2014
I am just looking at the PMs day by day, trying to get a sense of what is going on. It is difficult to be completely bearish or bullish at this point.
Posted by goldielocks
@ 16:16 on August 6, 2014
We already have a invasion of mass immigration what will it be like if others are declining and were growing. They will rush in and grab those jobs and leave you hung out like dirty laundry if they can get away with it.
Heres a example of how bad things are in some places. A friend from Japan just told me this. Samsung declining? Small kids works more than 12 hrs for 1$ per hr President of Sumsung sick in bed may die soon. Their business method is not working like before. Apple never stop suing Sumsung U know I hate S Korea they are playing game between China and USA. 122 women who are called sex slave for American GIs during Korean War are suing their government soon they will start blame American government and ask for money 25 percent of prostitutes in USA are S Korean women. 50 percent of that in Japan are Koreans. Korea exports prostitutes all over the world and they love to discuss about women’s rights their economy worsen due to strong Korean Won their situation could be worse than Greece already. But they say their economy getting getting better. Rest edited out
Lol but in some countries unemployment ifs youth 50-60 percent already.
Posted by Mr.GoldBug
@ 16:13 on August 6, 2014
thanks for the chart, maybe there is hope after all …
Posted by Buygold
@ 16:10 on August 6, 2014
I actually like Robert Reich and it seems he “gets it”. I just wonder if he gets it enough to toss a Pelosi, Reid or Obama because they are all complicit in the current Wall Street theft. Somehow I doubt it.
Then again they are Libtards without brains, just like the Repubtards that are equally brainless.
Posted by Mr.Copper
@ 16:09 on August 6, 2014
Electronics textiles and others were NOT driven off by greedy politicians. Politicians are bought and paid for by big banking and business.
Electronics textiles and others were driven off by greedy corporations, doing what is needed regarding cross border exchange rates. Re As far as labor there’s no border patrol?
The USA NEEDS more work taken from China and brought back home ESPECIALLY because we have too many refugees. They need WORK. China is FLUSH with cash. Re stress in resources with increasing prices? Higher material prices is good for more production, and good for less demand. No??
Posted by eeos
@ 16:02 on August 6, 2014
Posted by eeos
@ 15:59 on August 6, 2014
Robert Reich- Moral Crisis of Our Age: insider trading, obscene CEO pay, wage theft from ordinary workers, Wall Street’s gambling addiction…

Posted by goldielocks
@ 15:55 on August 6, 2014
Most business like electronics textiles and others were drive off by greedy politicians said good riddance and aren’t coming coming back anytime soon.
As far as labor there’s no border patrol, they will just allow mass immigration like their already doing to offset labor demands and instead cause labor excess and stress in resources with increasing prices.
Posted by eeos
@ 15:55 on August 6, 2014
Posted by eeos
@ 15:50 on August 6, 2014
Preface by Washington’s Blog: The New York Times, Washington Post, Financial Times, Bloomberg,Sydney Morning Herald, International Business Times and many other news sources have reported that the numerous holes in the wreckage of Malaysian airlines flight 17 are shrapnel from missiles fired from the ground in Ukraine.
Eric Zuesse and the witnesses he quotes claim that the evidence points elsewhere …
By Eric Zuesse:
Reader-comments to my July 31st article, “First Examination of Malaysian MH-17 Cockpit Photo Shows Ukraine Government Shot that Plane Down,” have provided links and leads to independent additional confirmatory evidence, to such an extent that I now feel confident enough to say that the evidence on this matter is, indeed, “conclusive.” Here is all of that evidence, which collectively convinces me that pilot Peter Haisenko’s conclusion there, is, indeed, the only one that can even possibly explain this wreckage:
“There have been two or three pieces of fuselage that have been really pockmarked with what almost looks like machine-gun fire, very very strong machine-gun fire.” This remarkable statement comes not from Haisenko, but from one of the first OSCE investigators who arrived at the scene of the disaster. See: https://www.youtube.com/watch?v=7ze9BNGDyk4 and it’s right there. Read more
“Wars can be prevented just as surely as they can be provoked. We who fail to prevent them must share the guilt for the dead.” Omar Bradley
Posted by Mr.Copper
@ 15:27 on August 6, 2014
We need the opposite of a strong currency (regulated by socialist greedy bankers) to rebuild America.
And we DON’T need wages to reflect inflation. We need DEMAND for labor, needed to produce our own goods to raise the value of people’s labor. Everything costing MORE, helps profits. Note higher oil/energy prices creating booms in energy states.
If we made our own consumer electronics, we would have OTHER “electronics” states booming. Booming states draws workers away from OTHER slow states, and help create labor shortage in weak states.