Global economic situation for liveaboard cruising yachties

I don't know- Mas used to just whimper quietly about how much $ he was going to loose on the properties he still held after the crash.

Not nimble enough to get out of his illiquid assets- like just about every other poor moe (myself included...).

I think he is just looking for someone to blame & has settled on the good old US of A.

I could be wrong..

 

Thanks for the article there Bamby.

Here is some more bedtime reading for all;

 

long story short ( not my usual style ) "they" have taken money from the competent and given it to the incompetent ( themselves ). I think maybe they did see the end in sight.
Ive always thought that the interest loan thing was far from in my better interest. Whats the logic in paying thousands of dollars more down the road rather than just paying up front, other than you dont have the money in the first place.
Wave those goods and services in the face of someone who can otherwise not afford it, or doesnt have the fortitude to simply save there money and yes, you to can charge twice what the product is worth; and get it.

That system had to fail eventually

Think of it this way
If there were ten people in a country and one banker and that banker loaned one dollar to each at ten percent interest, where does the other dollar come from to pay that ten percent? It doesnt, someone needs to go broke in order for the other nine to pay up. Do that a few times and everyone is broke and the banker ends up with all the stuff and all the money.

The tiered reserve system that the fed employs is destined to failure eventually because it multiplies the creation of interest without multiplying a comparable amount of money to pay it with. Eventually, might just be now given that the dollar has lost what, 98% of its value since the inception of the feds system. It was designed to concentrate wealth at the top and thats exactly what its done. Worked like a charm in you ask me.

I dont think there predictions were wrong at all, but rather a white wash over what they knew was inevitable.

I never trusted them from the word go and everything you guys on all sides of the coin post just confirms that distrust.

Thanks for those last two articles Bamby and T
I haven't finished them yet but both make for some great reading

B

 

It is called the time value of money, Bos, and this; "If there were ten people in a country and one banker and that banker loaned one dollar to each at ten percent interest, where does the other dollar come from to pay that ten percent? It doesnt, someone needs to go broke in order for the other nine to pay up. Do that a few times and everyone is broke and the banker ends up with all the stuff and all the money." doesn't work that way. I'm doing my taxes (Oct. 15), I'll explain the distortion of that reasoning later.

 

History tells us that "The FED" was the creation of some bankers who told the politicians that with their control of the money, presses. interest rates etc there would never be another Depression and the market volatility would be stabilised - except that they left out a couple of key words... :?::!: - - As the FED gained in size/impact more effective their control, the greater and more severe the booms-&-busts the greater their power and capitalisation... well something like that "The Gold Standard" ensured that there was global trust and faith in the "US Greenback" but the convention of the 10 times multiplier effect in banks was not enough and by abandoning the gold standard they could "print money" almost without limit and expand exponentially so long as there was sufficient monetary velocity to keep the money circulating... (Failure to do this is witnessed in Germany after the WW2 or was it WW1? and recently in Zimbabwe..) Greed is a bad thing for it seems to have led to the same thing in USA - massive monetisation and no velocity...

Rather simplistic but WTF, I have not done this sort of thing since more than 30 years ago.... and ageing processes have had some impact...

Gerald Celente knows stuff and has got it mostly right on other occasions, I would not disagree with his views.... " SHC's (Safe Haven Countries) was not part of the lexicon in 2009, the concept was on the minds of the very rich and the very tuned-in. - - Aware of the mounting fury of the millions who had lost jobs, homes and futures, and the many other millions who blamed their government for taking their taxes to cover the trillions in financial sector losses, the smart money had already moved to safety or had escape plans in place. If it meant leaving mansions and businesses behind, that was a small price to pay for saving their necks.
The on-trend, even with limited resources, had plans in place to escape before things turned ugly and it was too late to leave. - - Businesses specialising in safe haven relocation services — opening foreign accounts, arranging for dual citizenship and/or multi-nation passports — will be in high demand. (That is part of my activity - I have places in AU & Melanesia -masalai-)
It was a worldwide trend. From Israel to Argentina, Russia to the USA, nations big and small, each with their own problems, were unraveling. By 2012, with borders tightly sealed and money flows restricted, choice havens were no longer admitting foreigners, but there would still be other options for the determined."

pdf is sort of similar to jpeg.... and Celentie has the camera perfectly focused - I have heard him a couple of times, (love his "Brooklyn?" accent), but this is the first essay of his that I have read... He has a LOT MORE DETAIL than I could ever hope to uncover, and in some way feel as though we are both "barking up at the same tree" - - Me more by luck in getting the other confirming views, Gerald by hard nosed and diligent research... Page 4 is the cry I was making so ineffectively...

 

Thanks M

 

You could be
House price drops in Australia here (to the right) http://www.rpdata.com/

More devastating news here
Australian House prices plunge by 23%

 

These links must seem positively "Ho Hum" after the 2 pdf's from bambi &TTT thanks guys...
http://www.caseyresearch.com/displayGsd.php
http://www.gata.org/node/7900 "Russia ready to drop dollar in energy trade with China, Putin says" - - - SHhhhIIiiTttt:!::!: seems a very mild response FFFAAAARRRRKKKK or is it the short sharp ****:!::!:
http://www.gata.org/node/7902 "Rob Kirby: Panic to find real gold at vaulting centres" - - careful there - -
http://www.gata.org/node/7901 "GATA has place at Munich precious metals conference" enhanced credibility - good to see they are getting acknowledged and the recognition of their efforts in seeking open and honest trading...

 

Manatees are vegetarians, and very gentle.

 

That won't happen unless the banker has no need of the skills of the other 10 people, who would charge the banker for their services, thereby recouping the interest paid to the banker. You know he isn't going to build his own shelter, boat or grow his own food. He will hire one of his borrowers to do it for him.

 

The story is a common hypothetical that was part of the - - foundation - - of 'Gilligans Island'.... but the truth is close to reality in many shocking ways...
I guess that bntii may have been referring to the alligators there in the everglades, but they are also slow & docile and not half as dangerous as the Aussie crocodile:!:

 

The most dangerous creature in Florida is the 90 year old motorist. They are endemic to all parts of the state and can strike without warning, even if you think you are safe indoors.

 

You hearing anything about the Burmese pythons Hoy?

Last time I was down there I was trying to wrestle one out in the glades- about a 12 footer.

We had a couple of Manatees up here on the Chesapeake this year- just above the bridge on the Chester river.

 

Here's another to make everyone feel better for themselves.

http://recession.tv/tv/406/gold-vs-currency.html

Another one for Mass: http://www.financialsense.com/editorials/casey/2009/1015.html