Fiscal Cliff In January. Mayans Only Off By One Month.

DriftingByTheStorm

Economic Times - US worst-case scenario: Going over fiscal cliff

CBO Says wrote:

According to the latest projections from the Congressional Budget Office (CBO), the fiscal cliff would result in the economy shrinking 0.5 per cent in 2013, and the unemployment rate would rise to 9.1 per cent

Economics Professor Counters wrote:

An economics professor at the University of Maryland, Peter Morici, sees that scenario as too optimistic.

Morici said the fiscal cliff could trigger "cataclysmic consequences" for the economy.

"Unemployment would rocket past 15 per cent, state government finances would collapse, homeowners would default on mortgages, and hundreds of banks would fail," he said.

Also, gold and silver *rocketed* through very critical levels today based on, I'm presuming, the following news headline: EU trillion-euro budget summit ends in failure. Gold getting a boost through the *heavily defended* 1730 price level, is now at 1750 which means it will probably start running back on 1800. If\when those in control lose control at 1800 (like they just lost control here at 1730) algorithms and every sane trader in the world will start bidding up to 2000 chasing all time highs. Gold stuck at $2000/oz (and it *will* get "stuck" at 2000, i mean, it ain't going back to $1000. ever) will be psychologically devastating to the establishment's media farce news spin that "everything is okay" and is "gradually getting better".

Now all we need is some more fucking flare ups in Gaza, and a few more comments from "right wing" pundits that this is an "Iranian proxy war" with "iranian missles" and we will truly be approaching "Armageddon" and\or 2012!

fear4freedom

Many Democrats say there is no such thing coming! Many also will prepare to blame the Republicans for it! Many also will use it to their advantage, "CANT WASTE A GOOD CRISIS"! And the media will portray it as not Obama's fault and turn the tide to blame the Republicans. The general public perception will bite on to that effort and accept it without seeking the deep truths. Then, many around the country will believe that nothing will happen and if so, its all the Republicans to blame. When it hits, there will be suffering and people will die. Obama will get a pass and Republicans will be demonized! From here on out....the media is your enemy if you dont recieve the truth. From here on out....if you wish for the Republicans to look bad, even in life and death legislation, you will get your wish! Good luck with your PARTY POLITICS!

The Democratic Party is not your favorite sports team! Get over your party pride!

Thirty Bills Unpaid

fear4freedom wrote:

Many Democrats say there is no such thing coming! Many also will prepare to blame the Republicans for it! Many also will use it to their advantage, "CANT WASTE A GOOD CRISIS"! And the media will portray it as not Obama's fault and turn the tide to blame the Republicans. The general public perception will bite on to that effort and accept it without seeking the deep truths. Then, many around the country will believe that nothing will happen and if so, its all the Republicans to blame. When it hits, there will be suffering and people will die. Obama will get a pass and Republicans will be demonized! From here on out....the media is your enemy if you dont recieve the truth. From here on out....if you wish for the Republicans to look bad, even in life and death legislation, you will get your wish! Good luck with your PARTY POLITICS!

The Democratic Party is not your favorite sports team! Get over your party pride!

This last statement coming from one of the proudest Republicans on this forum? C'mon Man!

A little dramatic don't you think? I mean... your paranoia might have some validity to it... but it might not. Let's hope that in June of 2013, during some idle and serene moment, nobody bumps this post up to the first page because... well.. you'd look a little silly, eh?

kenny olav

This is just a lot of hype. Neither party wants to let this thing go unresolved.

fear4freedom

Thirty Bills Unpaid wrote:

fear4freedom wrote:

Many Democrats say there is no such thing coming! Many also will prepare to blame the Republicans for it! Many also will use it to their advantage, "CANT WASTE A GOOD CRISIS"! And the media will portray it as not Obama's fault and turn the tide to blame the Republicans. The general public perception will bite on to that effort and accept it without seeking the deep truths. Then, many around the country will believe that nothing will happen and if so, its all the Republicans to blame. When it hits, there will be suffering and people will die. Obama will get a pass and Republicans will be demonized! From here on out....the media is your enemy if you dont recieve the truth. From here on out....if you wish for the Republicans to look bad, even in life and death legislation, you will get your wish! Good luck with your PARTY POLITICS!

The Democratic Party is not your favorite sports team! Get over your party pride!

This last statement coming from one of the proudest Republicans on this forum? C'mon Man!

A little dramatic don't you think? I mean... your paranoia might have some validity to it... but it might not. Let's hope that in June of 2013, during some idle and serene moment, nobody bumps this post up to the first page because... well.. you'd look a little silly, eh?

I grew up a liberal union atheist Democrat! I grew into a conservative and I am more Libertarian! So I will say that I will vote for a Republican over a Democrat....but Im a 3rd Party wisher for sure! No pride in party here!
Also, in the future, I will not look like anything but a realist!

brianlux

I hope things are not going to fall apart as fast as a lot of what you hear would lead us to believe- although I can imagine that happening. I think we're more likely to be in for a long slow readjusting (at best) to limited supplies of cheap energy, an environment that is increasing inhospitable for us (a result of our disregard for this planet that sustains us) and moving from a short-sited, short-term gratification, unsustainable approach to economics that is based on numbers, international and transcontinental trade and "gross domestic product" to more localized, sustainable economies. That or a long slow slide into chaos resulting from a crumbling civilization.

In any case, to attempt to place blame for this situation in simplistic terms by pointing fingers at one political party or the other might be a handy vehicle for venting frustration but certainly doesn't present any viable solutions.

dancepartner

Drifting by the sorm said; "will be psychologically devastating to the establishment's media farce news spin that "everything is okay" and is "gradually getting better".

brian said; "In any case, to attempt to place blame for this situation in simplistic terms by pointing fingers at one political party or the other might be a handy vehicle for venting frustration but certainly doesn't present any viable solutions."

I say; these two statements sum up where we are at. MUST WE CONTINUE TO ALLOW OTHERS TO DIVIDE US?
Everything is NOT okay and we KNOW this! If there's one thing I don't like about this forum or any other is this: We keep talking but little else.
Okay, I'm going back to retrieve divide or unify from the backwoods.

DriftingByTheStorm

This shit (manipulation) is getting UN-REAL!

From TFMetalsReport (click for full sized image)


That is a ONE MINUTE CANDLE from this morning. AT OPEN.
Who does that shit?
NO ONE!
Only "the cartel" (as Turd puts it) would do this.
Selling in to open in massive volume, specifically to trigger all the algorithms\HFTs in to sell mode and crash the market, leaving it weak\anemic all day. Breaking down moving averages, ruining bullish patterns, triggering sell stops, and ruining the possibility of profit for those hoping to take physical delivery on November gold contracts (which expire at the end of this week). Oh, it also keeps the market from jumping up to 1,800 which is their Must-Be-Prevented number of numbers.

:(