muses of the moment

February 29, 2012

Groovygirl Warning

Filed under: Gold and Silver Investing, Precious metals — totallygroovygirlfriday @ 2:24 pm

Just a little reminder to stop day-trading gold and silver.

Groovygirl has told you.

Jim Sinclair has told you.

Now, Jesse warns you. Click here.

Use dips to buy physical gold and silver to hold long-term. Do not trade, do not sell.

Today’s $60 range will turn into $300plus when things heat up. Physical gold and silver is insurance against stupid government policies and the absence of the rule of law, it is not for profit and greed.

Heads I win, Tails you lose

Filed under: MF Global bankruptcy — totallygroovygirlfriday @ 12:36 pm

Once again, Europe is following the “change the rules, when things don’t work out” plan of the United States. Otherwise known as “save the big banks and screw everyone else“.

Click here.

The European Investment Bank, owned by the 27-member bloc, is getting exemptions from Greek debt writedowns in the same way as the euro area’s central bank, according to two regional officials familiar with the matter.

The European Central Bank negotiated a deal to avoid the 53.5 percent loss on principal that’s costing private investors as much as 106 billion euros ($143 billion). The EIB, which unlike its Frankfurt-based counterpart represents the entire European Union, also owns Greece’s debt and is sidestepping the so-called haircut in the same way, said the officials, who declined to be identified because the plan isn’t public.

This little loophole is in addition to the IDSA future decision to make a default not a default.

Didn’t gg just write about these unintended consequences?

“Some of the decisions that have been taken recently may make re-accessing the capital markets harder, rather than easier,” Kraemer said in an interview with Bloomberg Television’s Linda Yueh in London today. “Many of these decisions may actually make it harder for countries like Portugal to return to the markets.”

Long Term Dow Chart

Jesse over at Cafe Americain has some great charts that illustrate possible moves in the Dow and of course the Gold/Dow ratio. Click here.

Groovygirl has long thought and repeated on this blog that the Dow will go up in dollars, but only because the currency is debased. Thus giving MSM and government officials the distorted “stats” to repeat that “the economy is recovering” and investors have made up the losses in stocks from 2007. When in fact the opposite is true in inflation-adjusted dollars.

The only way to track this phenomenon and cut through the bull is to chart the DOW in inflation-adjusted dollars or the Gold/Dow ratio. The Gold/Dow ratio is a good indicator of which investment is better keeping up with the debasement of the dollar, gold or stock index (individual stocks may do better or worse). The inflation-adjusted Dow best shows the real trend line.

No one wins except Monsanto

Filed under: Odds 'n ends, Permaculture — totallygroovygirlfriday @ 1:08 am

Martin Armstrong has told us time and again that the Big Guys always win in Manhattan courts, so sue the Big Corporations in another city with an attorney that has no association with Manhattan.

Apparently, that applies to Monsanto as well.

Monsanto wins in Manhattan. Surprise, surprise. Click here.

So, again how did this case get filed in New York when Monsanto is in St. Louis and the lead plaintiff is from Maine?

Her (the judge) failure to address the purpose of the Declaratory Judgment Act and her characterization of binding Supreme Court precedent that supports the farmers’ standing as ‘wholly inapposite’ constitute legal error.  In sum, her opinion is flawed on both the facts and the law. Thankfully, the plaintiffs have the right to appeal to the Court of Appeals, which will review the matter without deference to her findings.”

Monsanto’s history of aggressive investigations and lawsuits brought against farmers in America have been a source of concern for organic and non-GMO farmers since Monsanto’s first lawsuit brought against a farmer in the mid-90′s. Since then, 144 farmers have had lawsuits brought against them by Monsanto for alleged violations of  their patented seed technology.  Monsanto has brought charges against more than 700 additional farmers who have settled out-of-court rather than face Monsanto’s belligerent litigious actions. Many of these farmers claim to not have had the intention to grow or save seeds that contain Monsanto’s patented genes. Seed drift and pollen drift from genetically engineered crops often contaminate neighboring fields. If Monsanto’s seed technology is found on a farmer’s land without contract they can be found liable for patent infringement.

The plaintiffs brought this suit against Monsanto to seek judicial protection from such lawsuits and challenge the validity of Monsanto’s patents on seeds.

“As a citizen and property owner, I find the Order by the Federal Court to be obsequious to Monsanto,” said plaintiff organic farmer Bryce Stephens of Kansas.  ”The careless, inattentive, thoughtless and negligent advertisement Monsanto has published on their website to not exercise its patent rights for inadvertent trace contamination belies the fact that their policy is in reality a presumptuous admission of contamination by their vaunted product on my property, plants, seeds and animals.”

”If planted and saved annually, cross pollination ensures the seeds continue to adapt. In the Southwest, selection over many, many generations has resulted in native drought tolerant corn.  Now that a patented drought tolerant corn has been released how do we protect our seeds from contamination and our right to farm?”

If you read groovygirl’s blog regularly, you already know her humble opinion of Monsanto.

Monsanto’s business model is like Rothchild’s famous quote in 1838: “Let me issue and control a Nation’s money and I care not who makes the laws.” That is what the private banking cartel, called the Federal Reserve, is all about. They control the money because they control the debt. Similarly, if Monsanto controls the seeds, they control the food supply and may influence all industries and laws associated with growing food. If money and food is out of our control, what is left?

Update March 8, 2012: Oh, wait, Monsanto already owns the majority of food companies….and Xe, formally known as Blackwater. Click here.

Remind me again, why does Monsanto need a Black Ops Private Militia Company? Exactly, what does that have to do with seeds?

Click here for Anonymous hack of Monsanto on March 1, 2012.

February 28, 2012

ISDA meeting on March 1

Filed under: Global Debt — totallygroovygirlfriday @ 7:25 pm

Click here for post. ISDA will hold first meeting on Greek Debt. Will it be a default or non-default event? These are the people that determine if default insurance pays up or not.

Zerohedge says it will be a “voluntary” cut to debt holders, thus a non-default event. A default by any other name…..

  • Default event means debt contracts sharply.
  • Non-default event means ligation.

Same end-game, only different timeline and different investors get screwed.

Remember, Greece is a blue-print for how the other PIIGS debt will be handled. If bond holders are going to get screwed as their insurance will not cover them in a non-default event, they will start selling European debt.

We will soon see which hedge funds and money market funds have Greek Debt. GG hopes there are no more MF Globals out there.

Everything has consequences. Save the banks for another quarter, but make it impossible for stressed European countries to obtain debt at any price in the open market. The PIIGS will have to go to the IMF for more handouts and trade their sovereignty for the privilege.

Global debt must contract one way or another.

The way of Iceland is a better option for the country’s independence and a quicker resolution and recovery.

Washinton’s blog

Filed under: Peak Energy, Precious metals — totallygroovygirlfriday @ 4:42 pm

There are some interesting real-time production charts for gold, silver, oil, and other energy sources at the end of Washington’s blog. Click here and scroll all the way down.

MF Global: Comedy, unless you are still out 30%

Filed under: MF Global bankruptcy — totallygroovygirlfriday @ 1:12 pm

Click here for a post from Janet Tavakoli entitled MF Global: Crime, Comedy, and the Cover-Up.

It would be really nice if MSM could cover this Crime Story of Century….oh, gg forgot, they are covering it. The money vaporized, no, wait, it was sloppy book-keeping. How can they say this stuff on national TV with a straight face? This is the biggest crime story you will never hear about.

The habitual filching of customers’ funds — even if the funds are later replaced — goes way beyond sloppy bookkeeping. It goes way beyond bad judgment. Just because MF Global got away with it for a long time before it blew up in its face doesn’t mean one can call it sloppy bookkeeping and have any reasonable person believe it. If federal investigators and law enforcement people want to make public statements like this, one should investigate corruption in their ranks. They seem to be providing undeserved excuses as a trial balloon to see if it will fly. Nice try, but it’s not working.

February 27, 2012

Latest Releases from Martin Armstrong dated February 25, 2012

Filed under: DOW and S&P500, Martin Armstrong, MF Global bankruptcy, Precious metals — Tags: — totallygroovygirlfriday @ 9:31 am

Update Feb. 29, 2012

Jim Sinclair doesn’t agree with Martin’s 13-year cycle in gold. Click here.

Click here for Martin Armstrong’s latest release entitled The Thirteen Year Curse dated February 25, 2012 (7 pages). Martin talks about the 13 year cycle and gold, silver, and stocks. Interesting article. We shall see how this pans out. Thoughts?

Click here for another release from Martin Armstrong on the MF Global Impact (1 page).

February 26, 2012

Break for Humor

Filed under: Odds 'n ends — totallygroovygirlfriday @ 3:27 am

groovygirl has posted a few links in the past to the wonderful site, alegoaday, to break up the monotony of watching our economic future implode in front of us.

Click here for a new pic entitled The Test.

February 25, 2012

A quote

Filed under: Odds 'n ends — totallygroovygirlfriday @ 7:47 am

From one of groovygirl’s favorite books:

“When the war’s over, perhaps we can be of some use in the world. Do you really think they’ll listen then? If not, we’ll just have to wait. We’ll pass the books on to our children, by word of mouth, and let our children wait, in turn, on the other people. A lot will be lost that way, of course. But you can’t make people listen. They have to come round in their own time, wondering what happened and why the world blew up under them. It can’t last.”

Ray Bradbury, Fahrenheit 451

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