<< <i>Well no, that's not what that means and if anyone read Ron Paul's economic plan, one would know that not only are more taxes out of the question but significantly less taxes are what would happen if a true American patriot and expert of freedom and the economics that freedom propells such as Dr Paul were to be in the highest office in the land. >>
I disagree...you're idea sounds like a helluva plan on paper, but is there any example of it working in an economic environment as that now facing the United States. It would probably work in a third world country right now...one that is not fully developed, but I have serious doubts about it working in the US now...especially since actual wages have been shrinking, the average person is just about tapped out with credit, and the ability to buy more and help our 'service" economy is permanently hindered until an eventual crash resets the system. I think that we are well past the point of thinking that the little that most people pay in taxes would make a difference in their lives if they were allowed to keep it. The exception of course, is the wealthy class in America, who's tax burden amounts to a lot when compared to that of the average American. The money saved by them with a tax reduction would really not make a difference to the economy as a whole, as they would just put it in the bank...if they were going to spur the economy on with extravagant spending, they would have did it by now as they've been increasing their % of the total American wealth through their ties with elected officials for near 30 years. I'll stand by my assertion that the current trickle-down economic system is broken and no voodoo economics that will have you believe that you can keep your tax money and still enjoy benefits from the government at the same time will help the way a good old "pay down the debt" and sacrifice common sense economics plan will. >>
I'm a little surprised at your reply. Why do you subscibe to socialism and think that even more of it is a viable option? Freedom is only an option that will work in a third world environment? Not the US? Now I might agree that there's so much ignorance ( and arrogance ) in the US to prevent a return to freedom but to claim that more socialism is the answer goes beyond ignorance.
To the other socialists out there to which there are many, have you no balls? Why do you need to have a government come and rob my Family and I? Why not take the shot yourself? Cmon over and come get some.
Blackhawk, the military alone is a trillion dollar a year waste. Then there's all the little branches that are being paid off as a result of that huge waste. And you think that cutting this back to DEFENSE of the country is not a viable alternative to more socialism? Who is talking about "trickle down" economics? You don't actually think that I'm referring to the reaganesque B/S do you?
Dr Paul is a real American and defender of the Constitution. Sounds like you are just another enemy of the Constitution and of America with your talk of more socialism.
BTW, to the others who may claim ( with a lisp ) "He's making a political posting". Socialism is based on an economic theory and this thread is all about economics and gold and silver news, how it's all effected etc.
From Jim Sinclair, the bond contagian is accelerating as several of his articles today allude to:
The problems out there are incalculable. Both the Fed and Treasury know this. That is why we got the show and tell the day before the ECB raised rates. The damn OTC derivatives gang has killed us all to some degree. Oblivious to the obvious and driven by greed, those criminals are still writing OTC derivatives.
Hang on as the default derivative problem blows sky high when called on to perform. Could GM be the match that lights the default derivatives fuse? The Financial Big Bang is just around the corner. Are you prepared?
For many months, this analyst has been alluding to the fact that Gold is fundamentally the most valuable commodity on the planet and that its value is unrelated to money or currency. With Beyond Neanderthal now available to purchase at www.beyondneanderthal.com the time has come to “open the kimono”.
Science is now beginning to discover that gold resonates at subatomic level on the same wavelength as DNA; and its ability (in modified form) to store electrical charges has already been proven. The technology is still embryonic but if the best available minds are applied to the challenge, this amazingly versatile element on the periodic table might possibly be incorporated into technological applications within 5-7 years.
Further, given that science is now starting to understand the relationship between gold and DNA (just type the words “gold and DNA” into Google to verify this)......Brian Bloom
For many months, this analyst has been alluding to the fact that Gold is fundamentally the most valuable commodity on the planet and that its value is unrelated to money or currency. With Beyond Neanderthal now available to purchase at www.beyondneanderthal.com the time has come to “open the kimono”.
Science is now beginning to discover that gold resonates at subatomic level on the same wavelength as DNA; and its ability (in modified form) to store electrical charges has already been proven. The technology is still embryonic but if the best available minds are applied to the challenge, this amazingly versatile element on the periodic table might possibly be incorporated into technological applications within 5-7 years.
Further, given that science is now starting to understand the relationship between gold and DNA (just type the words “gold and DNA” into Google to verify this)......Brian Bloom
Thank you for the five part youtube series a few posts back. I've watched them four times. Things are starting to make sense. If the facts and concepts are 100% true, we are in trouble in the not so distant future. Now, when i hear the news it all just sounds like someones spin on the big picture by tossing out little pieces of irrelevant information.
You have got to be kidding me, you mean you can’t trust the government numbers?
Well I guess this issue is settled!
TIPS Flunk Inflation Test July 7 (Bloomberg) -- Treasury Inflation Protected Securities aren't living up to their name for bond investors who say they can't trust the way the U.S. government calculates the rising cost of consumer goods.
Morgan Stanley, the second-biggest securities firm, and FTN Financial, a unit of Tennessee's largest bank, are telling clients to pare holdings of TIPS, whose principal amount rises with the Labor Department's consumer price index.
``The consumer price index underestimates inflation,'' said Jeremy Wolfson, who oversees $8.5 billion as chief investment officer at the City of Los Angeles Department of Water and Power Pension Fund.”
The good advice from our fund managers right now is to not pull your money out of a falling market because you might miss the rally when it occurs. Perhaps they should help the sheeple out and add "Don't worry, we'll take care of your money for you."
The good advice from our fund managers right now is to not pull your money out of a falling market because you might miss the rally when it occurs. Perhaps they should help the sheeple out and add "Don't worry, we'll take care of your money for you."
Yes, the trusted 'buy and hold' policy
Sometimes good advice (when in a bull stock cycle: 1980 to 2000)
Sometimes awful advice (when in a commodity bull cycle: 2000 to 2020?).
See below chart:
The ONLY chart you need for investing for a 10 year or more time span:
"Gold is money, and nothing else" (JP Morgan, 1912)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
TIPS Flunk Inflation Test July 7 (Bloomberg) -- Treasury Inflation Protected Securities aren't living up to their name for bond investors who say they can't trust the way the U.S. government calculates the rising cost of consumer goods.
Morgan Stanley, the second-biggest securities firm, and FTN Financial, a unit of Tennessee's largest bank, are telling clients to pare holdings of TIPS, whose principal amount rises with the Labor Department's consumer price index.
``The consumer price index underestimates inflation,'' said Jeremy Wolfson, who oversees $8.5 billion as chief investment officer at the City of Los Angeles Department of Water and Power Pension Fund.”
Great Post, GOLDSAINT. I guess 'old Jeremy would be the guy who would know about these things!
"Nancy Pelosi wants a Windfall Tax on Retirement Income.. In other words tax what you have made investing in your retirement.
If not now, this will happen some time in the future.
My reason is this - where else does the government have a source of 'almost' unlimited' funds that they can pillage?
Answer: the baby boomers retirement funds: 401K's in the US and the RRSP's here in Canada.
There is a Huge amount of money soon to be 'withdrawn' as the baby boomers retire.
Nancy Pelosi needs to get a life. Doesn't she have a boyfriend or something? DoubleEagle, the windfall retirement tax is called "inflation". You can quote me on that.
Too bad I just spent all of my retirement money on women and gambling. Can I at least get a deduction, or free medical, or free drugs since I am no longer able to support myself? Oh, I can't be a US citizen and get that? Dang.
Q: Are You Printing Money? Bernanke: Not Literally
Well, I like it at 925. It's a good spot to wait and see what's going to happen. Nobody knows what's going to happen on the larger scale of our current geopolitical world, everybody has an opinion and some even have facts to back them up but nobody knows. It's been camping in a fairly narrow range for the entire year and we're 7 months into it now. High in March at about 1000, low at about 850 when we started the year so add the two up together, divide by two and you get 925...today's close was 926. 926 is good and reflects that indeed the metal is a store of value. I like 925 today.
Well, here is an interesting article. Any of you ever consider taking your money, and leaving the country for better destinations? If so.... don't renounce your citizenship. Appears that Washington just passed a law that will seize a sizable portion of your money if you do..... ! This law was buried in the Heroes Act of 2008, passed by Congress on June 17 (to give increased benefits for veterans and families of deceased military... but slipped into this bill..... was this surprise.)
This applies to ALL of your assets... which would probably include your coins, gold and silver.
<< <i>Well, here is an interesting article. Any of you ever consider taking your money, and leaving the country for better destinations? If so.... don't renounce your citizenship. Appears that Washington just passed a law that will seize a sizable portion of your money if you do..... ! This law was buried in the Heroes Act of 2008, passed by Congress on June 17 (to give increased benefits for veterans and families of deceased military... but slipped into this bill..... was this surprise.)
This applies to ALL of your assets... which would probably include your coins, gold and silver.
You know, I get the feeling the whole world is slowly turning upside down.
I'm not sure if it's just because I'm getting older (and slightly more 'enlightened' with how things work) or is it because things are truly getting less honorable.
"Gold is money, and nothing else" (JP Morgan, 1912)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
The ONLY chart you need for investing for a 10 year or more time span:
.........but DoubleEagle59, it's different this time, the FED said so! Gold has been totally discredited from 1980-2001 so just forget those charts you posted. This is a new paradigm where stocks never go down for a generation as they have in the previous 2 downturns....Wall Street said so. What's next, restrictions on bailing out of 401K's?
A humorous spin from fact-finder Rob Kirby. Now why would JPM, Goldman Sachs, Deutsche Bank, SEC, and other luminaries be sneaking a peak at his web materials?
Boortz had an interesting take on this law. He likened it to the Berlin Wall. Just as the Soviet Union had erected the Berlin Wall to keep its people inside, this law for the US is like an 'economic' Berlin Wall.... which is trying to keep individuals and their money inside the U.S.
Not a good sign. Makes one wonder if it is a precursor to something else.... Are they expecting a large exodus???
Not that I had any ideas of ever leaving this country anyways. But sure makes if feel like more freedom has been taken away on the sly.
There's no detail on the law in this article, but my main question would be how the heck the gov't would enforce it. What would they do, try to extradite all these ex-citizens back to the US to stand trial for tax evasion? I think unless it was someone on Gates' or Buffet's level, it wouldn't be worth the effort. Too many other fish to fry.
This new law simply won’t work as people would sell everything, move it out of the country, and then apply for citizenship somewhere else. HOWEVER, the next step for our socialistic/communistic government will be to pass a law limiting how much Americans can send out of the country!
Finally, a correction of sorts in the crude oil market. I think that some of the froth had to settle before the true pricing could emerge. This has implications for all of the other commodities, including PMs. Once the speculation factor is somewhat mitigated, we should be able to see what OPEC's next move is going to be, and whether BRIC's demand has been affected by the new, higher prices for crude.
In the meantime, the official spin about the credit debacle is that it's now under control, sorta. Again, the question isn't whether or not there's a problem - it's "who is going to blink first". Throw in a few red herrings out of the Middle East or China and you begin to wonder why anyone would be in stocks right now. Of course, CNBC is having commentary about what a great time to buy it is.
I dunno, the last time I looked, PE ratios were extremely high vs. historical data. They are probably lower now, but not bargains by any means.
Q: Are You Printing Money? Bernanke: Not Literally
I guess the Govnment has caught on to the foreigners in this country who own business and keep two sets of books which the 3/4 non taxed money goes back to the home country!!!!
Must be nice to be tired, poor and hungry coming to this country!
First 7 years they work tax free no taxes to pay at all, then they have food stamps and free medical care...ahhh must be nice!
In my neighborhood it is the foreigners who are buying these 750K to 1M$ homes to live in...every one I know of! Then they go to the grocery store and pay with food stamps!
There have been similiar laws on the books for decades. One could never just pack up their billions and move it overseas. Why do you think there have been all those secret Swiss bank accounts.
This law is nothing new. Dont read too much into it.
No they don't take, move millions at a time they make yearly vacations to their home land with a tidy bundle under their arm which they carry on board a nice jetliner! Most of them move their money 2 or 3 times a year, 3 brothers or relative carry a load on each tirp!
They have the rape of this country all figured out!
First post to this very informing thread....I've been following for several years now. Recent post prompted me to reply with this poem someone emailed to me:
I cross ocean, poor and broke, Take bus, see employment folk.
Nice man treat me good in there, Say I need to see welfare.
Welfare say, 'You come no more, We send cash right to your door.'
Welfare checks, they make you wealthy, Medicaid it keep you healthy!
By and by, I get plenty money, Thanks to you, American dummy.
Write to friends in motherland, Tell them 'come fast as you can.'
They come in turbans and Ford trucks, I buy big house with welfare bucks
They come here, we live together, More welfare checks, it gets better!
Fourteen families, they moving in, But neighbor's patience wearing thin.
Finally, white guy moves away, Now I buy his house, and then I say, 'Find more aliens for house to rent.' And in the yard I put a tent.
Send for family they just trash, But they, too, draw the welfare cash! Everything is very good, And soon we own the neighborhood.
We have hobby it's called breeding, Welfare pay for baby feeding.
Kid's need dentist? Wife's need pills? We get free! We got no bills!
American's crazy! He pay all year, To keep welfare running here.
We think America darn good place! Too darn good for the white man race. If they no like us, they can scram, Got lots of room in Pakistan
It is interesting that the federal government provides a single refugee with a monthly allowance of $1,890.00 and each can also get an additional $580.00 in social assistance for a total of$2,470.00 .
This compares very well to a single pensioner who after contributing to the growth and development of America for 40 to 50 years can only receive a monthly maximum of $1,012.00 in old age pension and Guaranteed Income Supplement.
Well, with the congressional public approval rating finally sinking into single digits single digits and realizing that most of them will get reelected Incumbents reelected in '04 and with all the economic boogie woogie going on, (all resulting in someone elses hand in your pocket) it would be easy to just call BS on the deal and be angry at how the regular working guy is getting his butt handed to him on a used paper towel. But heads up my friends. You just have to readjust your strategy. It is not business as usual any more and the sooner we realize that, the sooner we will find ourselves on the prosperous and comfortable side of things that we working stiffs have grown used to. The immediate prognostication is that things are not going to return to the good old days; it's a new dawn. It's just a game now, and the pay-out is rigged. Remember the Dr. Hunter S. Thompson quote: "When the going gets weird, the weird turn pro." Well, the going is certainly getting weird so go pro!
<< <i>Well, with the congressional public approval rating finally sinking into single digits single digits and realizing that most of them will get reelected Incumbents reelected in '04 and with all the economic boogie woogie going on, (all resulting in someone elses hand in your pocket) it would be easy to just call BS on the deal and be angry at how the regular working guy is getting his butt handed to him on a used paper towel. But heads up my friends. You just have to readjust your strategy. It is not business as usual any more and the sooner we realize that, the sooner we will find ourselves on the prosperous and comfortable side of things that we working stiffs have grown used to. The immediate prognostication is that things are not going to return to the good old days; it's a new dawn. It's just a game now, and the pay-out is rigged. Remember the Dr. Hunter S. Thompson quote: "When the going gets weird, the weird turn pro." Well, the going is certainly getting weird so go pro!
Please return to your regularly scheduled noise. >>
Wow!!! Only 9% give Congress a good or excellent rating and 52% give it a poor rating.
I guess we know which 9% had an education in the failed educational system.
This is terrible!!! But the most frightening part is that people will vote for the exact same charlatans to go back to Washington in the fall. Anyone with the republocratic seal of ap- proval seems to have a gauranteed life time job with staffs of thousands and a retirement program unmatched anywhere.
In 1990, after a huge economic boom in Japan, a Japanese company bought Pebble Beach golf course for $1 billion and everyone decried "America ia for sale. This is outrageous."
<<Wow!!! Only 9% give Congress a good or excellent rating and 52% give it a poor rating.
I guess we know which 9% had an education in the failed educational system.
This is terrible!!! But the most frightening part is that people will vote for the exact same charlatans to go back to Washington in the fall. >>
That always amazes me. When you ask people what they think of Congress, 9% approve of the job they're doing. But when you ask about their congressperson, he or she is great. The same applies when you ask about the US public school system - it's lousy, but my kid's teachers are fantastic! There must be a name for that effect, other than "delusion".
<< <i>In 1990, after a huge economic boom in Japan, a Japanese company bought Pebble Beach golf course for $1 billion and everyone decried "America ia for sale. This is outrageous."
Amazing how history repeats. I just wonder how much the discount will be when we buy it back in 10 years? >>
i don't know who the ownership was b4 1990 (Pebble Beach) but now the three major owners are about as locked into it as can be in this area. interesting to read the CC&R's for the Del Monte Forest property owners about 50 years ago. seeing the Chrysler building sold to the Abu Dhabi Fund...reminded me of the same thing, yet Japanese Yen bought PB in 1990 and me thinks "petrodollars" bought the Chrysler building, so time will tell.
That always amazes me. When you ask people what they think of Congress, 9% approve of the job they're doing. But when you ask about their congressperson, he or she is great. The same applies when you ask about the US public school system - it's lousy, but my kid's teachers are fantastic! There must be a name for that effect, other than "delusion". >>
People are encouraged to "vote their pocketbook". They view Washington as a giant pie and their representatives as those appointed to grab the largest slices of it for "the folks back home". This is pretty much what they do; dole up all the money and all the borrowed money and send it home to those who put them in office.
There are no statesmen in Washington because there are no statesmen among the voters. Rather than vote against out own spendthrift we rail against the spend- thrifts representing other regions. Meanwhile Congress just does what they were elected to do while feathering their own nests as well.
Schools are another matter. Many parents don't care and those who do tend to see what their children are learning rather than how little they're learning com- pared to previous generations. Perhaps the word is "denial".
One school I've heard of is reputed to now have a policy of not advancing to the next unit of the text until everybody understands the last one. This might go over well in the touchy feely world of education but in real life it means every student is pulled down to the lowest common denominator.
“When you ask people what they think of Congress, 9% approve of the job they're doing. But when you ask about their congressperson, he or she is great. The same applies when you ask about the US public school system - it's lousy, but my kid's teachers are fantastic! There must be a name for that effect, other than "delusion".
NO SIR DELUSION IS THE WORD!!!!
How many think that things will change in Nov. and the bums will get thrown out? Raise your hands, See we are all living in a delusion, Ha Ha Ha.
<< <i>“When you ask people what they think of Congress, 9% approve of the job they're doing. But when you ask about their congressperson, he or she is great. The same applies when you ask about the US public school system - it's lousy, but my kid's teachers are fantastic! There must be a name for that effect, other than "delusion".
NO SIR DELUSION IS THE WORD!!!!
How many think that things will change in Nov. and the bums will get thrown out? Raise your hands, See we are all living in a delusion, Ha Ha Ha. >>
the 9% must have their kids in private schools....
A few years back the state of Illinois sold the SkyWay to the Japanese, today you still pay the same money to drive on it, but there are many pot holes!!! The Governor of the state of Illinois says that they are 2 Billion dollars over budget....We just got a sales tax raise to 10.75% the highest in the Nation! Now I hear they want to rise all property and all remaining taxes they can....but they still can sell all the toll roads to Foreign nations and save a couple of billion dollars...that would be great since there is going to be a mass exodus from the state of Illinois and hopefully there will be no one left to ride the roads!!!! What happened at the Boston Tea Party!!! When people stand on their own two feet and say Hell NO then and only then will times change!
That's Chicago/Cook County proper, not "all" of Illinois. Anyway, makes it a hard sell in the city when people can get it cheaper in the 'burbs, even factoring gas in. ;-)
U.S. Mulls Future of Fannie, Freddie Administration Ramps Up Contingency Planning as Mortgage Giants Struggle By JAMES R. HAGERTY, DEBORAH SOLOMON and DAMIAN PALETTA July 10, 2008
The Bush administration has held talks about what to do in the event mortgage giants Fannie Mae and Freddie Mac falter, according to three people familiar with the matter, as the stock prices of both companies continue to fall sharply.
These discussions have been going on for months and are part of normal contingency planning that the Treasury Department and other financial regulators regularly undertake. The talks have become more serious recently given the financial woes of the shareholder-owned, government-chartered companies, whose stability is vital to the functioning of the nation's housing market, these people say.
The government doesn't expect the entities to fail and no rescue plan is imminent, these people said. Government officials and market analysts expect both companies will be able to raise large amounts of capital relatively easily. Treasury officials are nonetheless talking about what the government could -- or should -- do if Fannie and Freddie become so pressed that they are unable to borrow money and continue operating.
On Wednesday, Freddie shares fell 24% to close on the New York Stock Exchange at $10.26. Fannie shares dropped 13% to $15.31. For both companies, it was the lowest close in more than 15 years. Fannie's share price is down 76% from a year ago and Freddie is down 83%. U.S. Mulls Future of Fannie, Freddie Continued
<< <i>“When you ask people what they think of Congress, 9% approve of the job they're doing. But when you ask about their congressperson, he or she is great. The same applies when you ask about the US public school system - it's lousy, but my kid's teachers are fantastic! There must be a name for that effect, other than "delusion".
NO SIR DELUSION IS THE WORD!!!!
How many think that things will change in Nov. and the bums will get thrown out? Raise your hands, See we are all living in a delusion, Ha Ha Ha. >>
Yes, idiocy has grown to epidemic proportions. No doubt about it.
Fanny and Freddie are carrying a debt level that would require downgrading their bonds 5 levels. They won't be able to raise the tens of Billions needed to cover that. In other words a govt takeover of them seems very plausible with shareholders being left holding the bag.
In 1990, after a huge economic boom in Japan, a Japanese company bought Pebble Beach golf course for $1 billion and everyone decried "America ia for sale. This is outrageous."
10 years later the golf course was back in American hands at a 20% discount. How dumb we Americans are.
Now today we have this story...New York's Chrysler Building Bought by Abu Dhabi Fund . And I am sure we will again hear, "America is for sale. This is outrageous."
Amazing how history repeats. I just wonder how much the discount will be when we buy it back in 10 years?
US Corporations and banks had the money nearly 20 yrs ago to pull off those tricks. Since the advent of the miracle banking economy in the 1990's there will be nothing left that Americans can afford to buy back. Once sold off over the next few years, those assets will be staying with non-Americans. America is for sale to keep paying off the debt of our banks and corporations. This next time there will be no money left to buy anything back (piles of US fiat won't be of much help). The nations (and Bilderbergs) holding the gold, oil, and natural resources will be calling the shots.
You might as well call Cook County the state, because if the people of Cook County left in an exodus there would not be to many people left in the state!...I am going to drive out of Cook County to do all my shopping and that goes for Gas also...I refuse to be held hostage! My house is also going up for Sale!
We know from past experience what a large city like Chicago will do for survival when all industry has left and gone south....Just Look at Detroit! Prime example.
Comments
Text and background stories on the Declaration of Independence
<< <i>
<< <i>Well no, that's not what that means and if anyone read Ron Paul's economic plan, one would know that not only are more taxes out of the question but significantly less taxes are what would happen if a true American patriot and expert of freedom and the economics that freedom propells such as Dr Paul were to be in the highest office in the land. >>
I disagree...you're idea sounds like a helluva plan on paper, but is there any example of it working in an economic environment as that now facing the United States. It would probably work in a third world country right now...one that is not fully developed, but I have serious doubts about it working in the US now...especially since actual wages have been shrinking, the average person is just about tapped out with credit, and the ability to buy more and help our 'service" economy is permanently hindered until an eventual crash resets the system. I think that we are well past the point of thinking that the little that most people pay in taxes would make a difference in their lives if they were allowed to keep it. The exception of course, is the wealthy class in America, who's tax burden amounts to a lot when compared to that of the average American. The money saved by them with a tax reduction would really not make a difference to the economy as a whole, as they would just put it in the bank...if they were going to spur the economy on with extravagant spending, they would have did it by now as they've been increasing their % of the total American wealth through their ties with elected officials for near 30 years. I'll stand by my assertion that the current trickle-down economic system is broken and no voodoo economics that will have you believe that you can keep your tax money and still enjoy benefits from the government at the same time will help the way a good old "pay down the debt" and sacrifice common sense economics plan will. >>
I'm a little surprised at your reply. Why do you subscibe to socialism and think that even more of it is a viable option? Freedom is only an option that will work in a third world environment? Not the US? Now I might agree that there's so much ignorance ( and arrogance ) in the US to prevent a return to freedom but to claim that more socialism is the answer goes beyond ignorance.
To the other socialists out there to which there are many, have you no balls? Why do you need to have a government come and rob my Family and I? Why not take the shot yourself? Cmon over and come get some.
Blackhawk, the military alone is a trillion dollar a year waste. Then there's all the little branches that are being paid off as a result of that huge waste. And you think that cutting this back to DEFENSE of the country is not a viable alternative to more socialism? Who is talking about "trickle down" economics? You don't actually think that I'm referring to the reaganesque B/S do you?
Dr Paul is a real American and defender of the Constitution. Sounds like you are just another enemy of the Constitution and of America with your talk of more socialism.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
A failed, lowlife immoral theory I might add.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
The problems out there are incalculable. Both the Fed and Treasury know this. That is why we got the show and tell the day before the ECB raised rates. The damn OTC derivatives gang has killed us all to some degree. Oblivious to the obvious and driven by greed, those criminals are still writing OTC derivatives.
Hang on as the default derivative problem blows sky high when called on to perform. Could GM be the match that lights the default derivatives fuse? The Financial Big Bang is just around the corner.
Are you prepared?
Regards,
Jim
Passing the inflation party bag
Gold and DNA - more than just a pretty face
For many months, this analyst has been alluding to the fact that Gold is fundamentally the most valuable commodity on the planet and that its value is unrelated to money or currency. With Beyond Neanderthal now available to purchase at www.beyondneanderthal.com the time has come to “open the kimono”.
Science is now beginning to discover that gold resonates at subatomic level on the same wavelength as DNA; and its ability (in modified form) to store electrical charges has already been proven. The technology is still embryonic but if the best available minds are applied to the challenge, this amazingly versatile element on the periodic table might possibly be incorporated into technological applications within 5-7 years.
Further, given that science is now starting to understand the relationship between gold and DNA (just type the words “gold and DNA” into Google to verify this)......Brian Bloom
roadrunner
<< <i>Passing the inflation party bag
Gold and DNA - more than just pretty money
For many months, this analyst has been alluding to the fact that Gold is fundamentally the most valuable commodity on the planet and that its value is unrelated to money or currency. With Beyond Neanderthal now available to purchase at www.beyondneanderthal.com the time has come to “open the kimono”.
Science is now beginning to discover that gold resonates at subatomic level on the same wavelength as DNA; and its ability (in modified form) to store electrical charges has already been proven. The technology is still embryonic but if the best available minds are applied to the challenge, this amazingly versatile element on the periodic table might possibly be incorporated into technological applications within 5-7 years.
Further, given that science is now starting to understand the relationship between gold and DNA (just type the words “gold and DNA” into Google to verify this)......Brian Bloom
roadrunner >>
that's quite an esoteric post even for you, RR
RR
Now we know why women live longer than men, all that gold jewelry keeps their DNA vibrating straight, Ha Ha
I think they are right, as I have been saying for some time now......Dollar to Rise Against Emerging Markets, Morgan Stanley Says
I also think this will not have a negative effect on the price of gold.
Knowledge is the enemy of fear
You have got to be kidding me, you mean you can’t trust the government numbers?
Well I guess this issue is settled!
TIPS Flunk Inflation Test
July 7 (Bloomberg) -- Treasury Inflation Protected Securities aren't living up to their name for bond investors who say they can't trust the way the U.S. government calculates the rising cost of consumer goods.
Morgan Stanley, the second-biggest securities firm, and FTN Financial, a unit of Tennessee's largest bank, are telling clients to pare holdings of TIPS, whose principal amount rises with the Labor Department's consumer price index.
``The consumer price index underestimates inflation,'' said Jeremy Wolfson, who oversees $8.5 billion as chief investment officer at the City of Los Angeles Department of Water and Power Pension Fund.”
If not now, this will happen some time in the future.
My reason is this - where else does the government have a source of 'almost' unlimited' funds that they can pillage?
Answer: the baby boomers retirement funds: 401K's in the US and the RRSP's here in Canada.
There is a Huge amount of money soon to be 'withdrawn' as the baby boomers retire.
Do you think the government is going to stand idly by and watch all this money evaporate without getting more of their hands on it?
Think again my friends.
That's why I've been saying since the 90's that RSP investments are a big scam.
Look after your own money and trust no one (might be a little paranoid, but most would agree with me).
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Yes, the trusted 'buy and hold' policy
Sometimes good advice (when in a bull stock cycle: 1980 to 2000)
Sometimes awful advice (when in a commodity bull cycle: 2000 to 2020?).
See below chart:
The ONLY chart you need for investing for a 10 year or more time span:
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Box of 20
July 7 (Bloomberg) -- Treasury Inflation Protected Securities aren't living up to their name for bond investors who say they can't trust the way the U.S. government calculates the rising cost of consumer goods.
Morgan Stanley, the second-biggest securities firm, and FTN Financial, a unit of Tennessee's largest bank, are telling clients to pare holdings of TIPS, whose principal amount rises with the Labor Department's consumer price index.
``The consumer price index underestimates inflation,'' said Jeremy Wolfson, who oversees $8.5 billion as chief investment officer at the City of Los Angeles Department of Water and Power Pension Fund.”
Great Post, GOLDSAINT. I guess 'old Jeremy would be the guy who would know about these things!
"Nancy Pelosi wants a Windfall Tax on Retirement Income.. In other words tax what you have made investing in your retirement.
If not now, this will happen some time in the future.
My reason is this - where else does the government have a source of 'almost' unlimited' funds that they can pillage?
Answer: the baby boomers retirement funds: 401K's in the US and the RRSP's here in Canada.
There is a Huge amount of money soon to be 'withdrawn' as the baby boomers retire.
Nancy Pelosi needs to get a life. Doesn't she have a boyfriend or something? DoubleEagle, the windfall retirement tax is called "inflation". You can quote me on that.
Too bad I just spent all of my retirement money on women and gambling. Can I at least get a deduction, or free medical, or free drugs since I am no longer able to support myself? Oh, I can't be a US citizen and get that? Dang.
I knew it would happen.
This applies to ALL of your assets... which would probably include your coins, gold and silver.
Hmmm.....
So You Think that it's Your Money....
<< <i>Well, here is an interesting article. Any of you ever consider taking your money, and leaving the country for better destinations? If so.... don't renounce your citizenship. Appears that Washington just passed a law that will seize a sizable portion of your money if you do..... ! This law was buried in the Heroes Act of 2008, passed by Congress on June 17 (to give increased benefits for veterans and families of deceased military... but slipped into this bill..... was this surprise.)
This applies to ALL of your assets... which would probably include your coins, gold and silver.
Hmmm.....
So You Think that it's Your Money.... >>
Well, that's very interesting.
Somehow I'm not surprised though.
You know, I get the feeling the whole world is slowly turning upside down.
I'm not sure if it's just because I'm getting older (and slightly more 'enlightened' with how things work) or is it because things are truly getting less honorable.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Box of 20
The ONLY chart you need for investing for a 10 year or more time span:
.........but DoubleEagle59, it's different this time, the FED said so!
Gold has been totally discredited from 1980-2001 so just forget those charts you posted. This is a new paradigm where stocks never go down for a generation as they have in the previous 2 downturns....Wall Street said so. What's next, restrictions on bailing out of 401K's?
Rob Kirby gets attention from crack pots!
A humorous spin from fact-finder Rob Kirby. Now why would JPM, Goldman Sachs, Deutsche Bank, SEC, and other luminaries be sneaking a peak at his web materials?
roadrunner
So You Think that it's Your Money.... >>
Boortz had an interesting take on this law. He likened it to the Berlin Wall. Just as the Soviet Union had erected the Berlin Wall to keep its people inside, this law for the US is like an 'economic' Berlin Wall.... which is trying to keep individuals and their money inside the U.S.
Not a good sign. Makes one wonder if it is a precursor to something else.... Are they expecting a large exodus???
Not that I had any ideas of ever leaving this country anyways. But sure makes if feel like more freedom has been taken away on the sly.
Seems to make sense ,to hide in a cave and not
tell the Feds about my stash of jelly donuts.
Camelot
Read about it here: Everything but the throne!
Yeah, good luck with that. Ever heard of "Plan B"?
<< <i>So You Think that it's Your Money.... >>
There's no detail on the law in this article, but my main question would be how the heck the gov't would enforce it. What would they do, try to extradite all these ex-citizens back to the US to stand trial for tax evasion? I think unless it was someone on Gates' or Buffet's level, it wouldn't be worth the effort. Too many other fish to fry.
In the meantime, the official spin about the credit debacle is that it's now under control, sorta. Again, the question isn't whether or not there's a problem - it's "who is going to blink first". Throw in a few red herrings out of the Middle East or China and you begin to wonder why anyone would be in stocks right now. Of course, CNBC is having commentary about what a great time to buy it is.
I dunno, the last time I looked, PE ratios were extremely high vs. historical data. They are probably lower now, but not bargains by any means.
I knew it would happen.
<< <i>Finally, a correction of sorts in the crude oil market. I think that some of the froth had to settle before the true pricing could emerge. >>
Yes, because I bought USO on 6/27 with the hopes that my usual bad luck would continue. That's the only reason it's sliding.
Must be nice to be tired, poor and hungry coming to this country!
First 7 years they work tax free no taxes to pay at all, then they have food stamps and free medical care...ahhh must be nice!
In my neighborhood it is the foreigners who are buying these 750K to 1M$ homes to live in...every one I know of!
Then they go to the grocery store and pay with food stamps!
This law is nothing new. Dont read too much into it.
Knowledge is the enemy of fear
They have the rape of this country all figured out!
I cross ocean,
poor and broke,
Take bus,
see employment folk.
Nice man treat me
good in there,
Say I need to
see welfare.
Welfare say,
'You come no more,
We send cash
right to your door.'
Welfare checks,
they make you wealthy,
Medicaid it keep
you healthy!
By and by,
I get plenty money,
Thanks to you,
American dummy.
Write to friends
in motherland,
Tell them 'come
fast as you can.'
They come in turbans
and Ford trucks,
I buy big house
with welfare bucks
They come here,
we live together,
More welfare checks,
it gets better!
Fourteen families,
they moving in,
But neighbor's patience
wearing thin.
Finally, white guy
moves away,
Now I buy his house,
and then I say,
'Find more aliens
for house to rent.'
And in the yard
I put a tent.
Send for family
they just trash,
But they, too,
draw the welfare cash!
Everything is
very good,
And soon we
own the neighborhood.
We have hobby
it's called breeding,
Welfare pay
for baby feeding.
Kid's need dentist?
Wife's need pills?
We get free!
We got no bills!
American's crazy!
He pay all year,
To keep welfare
running here.
We think America
darn good place!
Too darn good for
the white man race.
If they no like us, they can
scram,
Got lots of room in Pakistan
It is interesting that the federal government provides a single refugee with a monthly allowance of $1,890.00 and each can also get an additional $580.00 in social assistance for a total of$2,470.00 .
This compares very well to a single pensioner who after contributing to the growth and development of America for 40 to 50 years can only receive a monthly maximum of $1,012.00 in old age pension and Guaranteed Income Supplement.
Maybe our pensioners should apply as refugees!
The Whisker Cheek Collection - Top 50 Peace VAM Registry
Landmark Buffalo Collection
Please return to your regularly scheduled noise.
<< <i>Well, with the congressional public approval rating finally sinking into single digits single digits and realizing that most of them will get reelected Incumbents reelected in '04 and with all the economic boogie woogie going on, (all resulting in someone elses hand in your pocket) it would be easy to just call BS on the deal and be angry at how the regular working guy is getting his butt handed to him on a used paper towel. But heads up my friends. You just have to readjust your strategy. It is not business as usual any more and the sooner we realize that, the sooner we will find ourselves on the prosperous and comfortable side of things that we working stiffs have grown used to. The immediate prognostication is that things are not going to return to the good old days; it's a new dawn. It's just a game now, and the pay-out is rigged. Remember the Dr. Hunter S. Thompson quote: "When the going gets weird, the weird turn pro." Well, the going is certainly getting weird so go pro!
Please return to your regularly scheduled noise. >>
Wow!!! Only 9% give Congress a good or excellent rating and 52% give it a poor rating.
I guess we know which 9% had an education in the failed educational system.
This is terrible!!! But the most frightening part is that people will vote for the exact same
charlatans to go back to Washington in the fall. Anyone with the republocratic seal of ap-
proval seems to have a gauranteed life time job with staffs of thousands and a retirement
program unmatched anywhere.
program unmatched anywhere. "
Life is good.
pebble beach
10 years later the golf course was back in American hands at a 20% discount. How dumb we Americans are.
Now today we have this story...New York's Chrysler Building Bought by Abu Dhabi Fund . And I am sure we will again hear, "America is for sale. This is outrageous."
Amazing how history repeats. I just wonder how much the discount will be when we buy it back in 10 years?
Knowledge is the enemy of fear
I guess we know which 9% had an education in the failed educational system.
This is terrible!!! But the most frightening part is that people will vote for the exact same
charlatans to go back to Washington in the fall. >>
That always amazes me. When you ask people what they think of Congress, 9% approve of the job they're doing. But when you ask about their congressperson, he or she is great. The same applies when you ask about the US public school system - it's lousy, but my kid's teachers are fantastic! There must be a name for that effect, other than "delusion".
<< <i>In 1990, after a huge economic boom in Japan, a Japanese company bought Pebble Beach golf course for $1 billion and everyone decried "America ia for sale. This is outrageous."
pebble beach
10 years later the golf course was back in American hands at a 20% discount. How dumb we Americans are.
Now today we have this story...New York's Chrysler Building Bought by Abu Dhabi Fund . And I am sure we will again hear, "America is for sale. This is outrageous."
Amazing how history repeats. I just wonder how much the discount will be when we buy it back in 10 years? >>
i don't know who the ownership was b4 1990 (Pebble Beach) but now the three major owners are about as locked into it as can be in this area. interesting to read the CC&R's for the Del Monte Forest property owners about 50 years ago. seeing the Chrysler building sold to the Abu Dhabi Fund...reminded me of the same thing, yet Japanese Yen bought PB in 1990 and me thinks "petrodollars" bought the Chrysler building, so time will tell.
<< <i>
That always amazes me. When you ask people what they think of Congress, 9% approve of the job they're doing. But when you ask about their congressperson, he or she is great. The same applies when you ask about the US public school system - it's lousy, but my kid's teachers are fantastic! There must be a name for that effect, other than "delusion". >>
People are encouraged to "vote their pocketbook". They view Washington as
a giant pie and their representatives as those appointed to grab the largest
slices of it for "the folks back home". This is pretty much what they do; dole up
all the money and all the borrowed money and send it home to those who put
them in office.
There are no statesmen in Washington because there are no statesmen among
the voters. Rather than vote against out own spendthrift we rail against the spend-
thrifts representing other regions. Meanwhile Congress just does what they were
elected to do while feathering their own nests as well.
Schools are another matter. Many parents don't care and those who do tend to
see what their children are learning rather than how little they're learning com-
pared to previous generations. Perhaps the word is "denial".
One school I've heard of is reputed to now have a policy of not advancing to the
next unit of the text until everybody understands the last one. This might go over
well in the touchy feely world of education but in real life it means every student is
pulled down to the lowest common denominator.
That proves 9% of the people can't check the right box.
“When you ask people what they think of Congress, 9% approve of the job they're doing. But when you ask about their congressperson, he or she is great. The same applies when you ask about the US public school system - it's lousy, but my kid's teachers are fantastic! There must be a name for that effect, other than "delusion".
NO SIR DELUSION IS THE WORD!!!!
How many think that things will change in Nov. and the bums will get thrown out? Raise your hands,
See we are all living in a delusion, Ha Ha Ha.
<< <i>“When you ask people what they think of Congress, 9% approve of the job they're doing. But when you ask about their congressperson, he or she is great. The same applies when you ask about the US public school system - it's lousy, but my kid's teachers are fantastic! There must be a name for that effect, other than "delusion".
NO SIR DELUSION IS THE WORD!!!!
How many think that things will change in Nov. and the bums will get thrown out? Raise your hands,
See we are all living in a delusion, Ha Ha Ha. >>
the 9% must have their kids in private schools....
Administration Ramps Up Contingency
Planning as Mortgage Giants Struggle
By JAMES R. HAGERTY, DEBORAH SOLOMON and DAMIAN PALETTA
July 10, 2008
The Bush administration has held talks about what to do in the event mortgage giants Fannie Mae and Freddie Mac falter, according to three people familiar with the matter, as the stock prices of both companies continue to fall sharply.
These discussions have been going on for months and are part of normal contingency planning that the Treasury Department and other financial regulators regularly undertake. The talks have become more serious recently given the financial woes of the shareholder-owned, government-chartered companies, whose stability is vital to the functioning of the nation's housing market, these people say.
The government doesn't expect the entities to fail and no rescue plan is imminent, these people said. Government officials and market analysts expect both companies will be able to raise large amounts of capital relatively easily. Treasury officials are nonetheless talking about what the government could -- or should -- do if Fannie and Freddie become so pressed that they are unable to borrow money and continue operating.
On Wednesday, Freddie shares fell 24% to close on the New York Stock Exchange at $10.26. Fannie shares dropped 13% to $15.31. For both companies, it was the lowest close in more than 15 years. Fannie's share price is down 76% from a year ago and Freddie is down 83%.
U.S. Mulls Future of Fannie, Freddie Continued
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>“When you ask people what they think of Congress, 9% approve of the job they're doing. But when you ask about their congressperson, he or she is great. The same applies when you ask about the US public school system - it's lousy, but my kid's teachers are fantastic! There must be a name for that effect, other than "delusion".
NO SIR DELUSION IS THE WORD!!!!
How many think that things will change in Nov. and the bums will get thrown out? Raise your hands,
See we are all living in a delusion, Ha Ha Ha. >>
Yes, idiocy has grown to epidemic proportions. No doubt about it.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
In 1990, after a huge economic boom in Japan, a Japanese company bought Pebble Beach golf course for $1 billion and everyone decried "America ia for sale. This is outrageous."
10 years later the golf course was back in American hands at a 20% discount. How dumb we Americans are.
Now today we have this story...New York's Chrysler Building Bought by Abu Dhabi Fund . And I am sure we will again hear, "America is for sale. This is outrageous."
Amazing how history repeats. I just wonder how much the discount will be when we buy it back in 10 years?
US Corporations and banks had the money nearly 20 yrs ago to pull off those tricks. Since the advent of the miracle banking economy in the 1990's there will be nothing left that Americans can afford to buy back. Once sold off over the next few years, those assets will be staying with non-Americans. America is for sale to keep paying off the debt of our banks and corporations. This next time there will be no money left to buy anything back (piles of US fiat won't be of much help). The nations (and Bilderbergs) holding the gold, oil, and natural resources will be calling the shots.
roadrunner
We know from past experience what a large city like Chicago will do for survival when all industry has left and gone south....Just Look at Detroit! Prime example.