Global economic situation for liveaboard cruising yachties

[masrapido]

http://www.gata.org/node/7937

Perfect example of continued delusional stupidity that created the crisis in the first place. What the author does not want to admit is that the total value of gold trade is a result of pure speculation. They push gold from one to another and hope to skim some of the growth in its' value. That may explain the meteoric rise in the price. That stupidity will blow up into their faces just as mortgages did.

What a bunch of ******.

[masalai]

On this occasion masrapido, I feel you have the wrong end of the stick, as a RARE and finite resource, gold is substantially UNDERVALUED because the FED and its "cohort" merchant bankers (officially sanctioned thieves) are suppressing the value of gold with MASSIVE 'naked short' positions on the COMEX http://www.futures.tradingcharts.com/cotcharts/GD 450000 positions, each 100ounces, (not the latest figures), "for sale" when they actually have NO gold to sell, just to suppress the market and artificially boost the dead dog fiat currency, "the US$", which is essentially VALUELESS period... That is where the ****** can be seen - actually taking notice of the "offers to sell" at less than the current market price, convincing the wallstreet ********s that the piece of paper (US$), produced in billions is worth more than a very rare and very limited supply (LESS THAN 160,000 tonnes ever mined) of gold metal....

Gold has been used as a means of reliable monetary exchange for longer than recorded history, so it has stood the test of time longer than anything else used by mankind on this little planet....

The fact that almost all of the recovered gold is still available makes it very much undervalued, and likely to be around as a medium of trade and holder of value, for a long time yet.... I have lots of pieces of paper, and will happily swap them for some pure 99.99% gold....

The delusional stupidity is to believe that pieces of paper are worth more, or that I can print a piece of paper that says "I sold you 100 ounces of gold" and am holding it in my safe and charging you rent and insurance to store it.... I could do that too, but I am honest, and do not like fraudulent behaviour.... Most of the major Wallstreet gold merchants have sold or loaned each piece of gold several hundred times, to nothing but absolute ******* cretinous idiots.... THAT is what is behind this deceptive "market"... NOTHING but FRAUD (******* Rascals/Ratbags After Ur Dollars)....

[masrapido]

Originally Posted by masalai

The delusional stupidity is to believe that pieces of paper are worth more, or that I can print a piece of paper that says "I sold you 100 ounces of gold" and am holding it in my safe and charging you rent and insurance to store it.... I could do that too, but I am honest, and do not like fraudulent behaviour.... Most of the major Wallstreet gold merchants have sold or loaned each piece of gold several hundred times, to nothing but absolute ******* cretinous idiots.... THAT is what is behind this deceptive "market"... NOTHING but FRAUD (******* Rascals/Ratbags After Ur Dollars)....

Yes, and that is how in Italy the first fraud ever happened. It is well known today that the north is the "rich" part of Italy today and that south is the "poor" part. It is little known that only a couple of hundreds of years ago it was the opposite that was true. And it had to be. The south was the Kingdom of Napoli and the two Sicilies, and it was for several hundreds of years under the Spanish crown. South American gold was pouring in like fresh water into the mini kingdom.

But the banks were in Milano...So the greedy bankers came up with the contracts that were issued to the southerners and the gold went up north. They did not have the "money", the buying medium, so they gave up their gold to be able to go shopping.

Stupid immigrants in the "democratic capitalism" are only now discovering what their fathers had learned hundreds of years ago. Contracts issued by the banks are worhless and are only benefiting the banks.

The rich south turned poor in a few years and gave rise to Sicilian mafia. Mafia was actually called Cosa Nostra (Our thing) and was partisan/revolutionary/freedom movement organised by those Sicilians who understood the **** up the banks created to steal their gold away from them.

Just like Colombian guerilla, they had failed to win their revolution and throughout the time turned into a crime organisation. The lesson number one is: if you raise for a noble course (freedom from the banks or any other oppressor, win as fast as you can...)

Lesson No. two is: never give your money to the bank. Save it in assets like real estate or precious metals.

But I still think that re-selling the gold will result in perpetual and HIGH inflation should gold become again the metric for the value. Limited supply and enormous demand will create the prices so high that inflation will have to set in.

And because the gold will be sitting in the banks anyway, the fiat money will be used to describe the value and be used as a tender for payments.

The only other option is cashless society without the money as such but with "credits" that you earn while working.

And we know what is that economy called...

[masrapido]

Also, do not forget that in the "international" financial trade banks are buying and selling under deferred payments system. Whether you are buying and selling on a short or long term, you are still paying your dues once a month or longer.

That is what gave the rise to the "short" term trading. In a month you may be making a hefty profit if you sell just before you have to pay the purchase of, say, gold.

And because there's always a risk that you may lose as well, the 30 days term for payment is the buffer that provides you, the bank, with the safe time period to evaluate your short term trading and mitigate the risks.

That is in essence how banks are handling everything from shares to money, to commodities. Everything.

Trading "strategies" and all that ******** are just another "product" for them to sell to the stupid sheep who think they can play with the big ********s who handle billions every day.

Yes, there are some who had made the money, but they had simply understood the basics: ALWAYS buy on 30 or longer settlement term.


That's all. Bears, bulls, chicken and monkeys are just empty categories to make it look like it is "complex" and "hard" stuff. To confuse the sheep eating themselves to death in **** food dungeons while watching their favourite "reality" **** shows.

That is how my grandfather, already from a wealthy family, became rich. To this day the rules remained the same. Buy cheap and defer the payment as long as you can.

Let the time make the money for you.

Who buys investment apartments to re-sell them the next day (short term trading)? Only a stupid, obese and uneducated religious (believing is the poor's ******** virtue to a capitalist) poofters who dine in fast **** "diners" because they believe it is cool. Who "trades" with the shares from one day to another? Again, only the cheapos, the poor.

By the way, when did you see the rich eating in a fast food dungeon? And McRonald himself confessed that he was NOT in food business. He was in PROPERTY (long term trading) biz.

[Boston]

ya the banks are the worst offenders when it comes to basic theft

I proudly have a credit rating of ZERO
everything I bought
I paid for

THERE...


...is quite a brain-trust here but can we get it to a market?

[masalai]

Once upon a time, in another fantasy land (Not this world nor USA),
EASY, borrow a currency that is about to collapse (US$) because its interest rates are almost ZERO, and likely repayments will be insignificant, (buy US$ at 10$ or less after the collapse to repay the loan - - almost as good as printing your own money), but quickly before it fails, convert it to something that WILL appreciate - take your pick gold bullion, Russian or Chinese or Canadian or ?Australian? treasury notes or securities in that denomination that are NOT fractionally reserve sold (as banks are wont to do - masrapido explained above) and watch the pandemonium as time passes...

If you have a lazy billion US$ or so that you need to dispose of (and a couple of cruise 'nukular' weapons that the shrub sold as "surplus", handy to enforce trading compliance) buy quite a few COMEX short gold open trade offers and DEMAND delivery in 99.94bullion (USA has to have a reduced standard: or, - - you may have to accept the 22carat stuff that was confiscated by the USA Govt during the last depression - - You may get away with a substantial bonus for "re-refining" costs & "hush discount" as acknowledging the extent of the theft could be embarrassing:.... The bonus being that you may also have bragging rights at starting WW3 -- -- -- Oh **** does Kim Ill nut-case of N Kora read this - he would be mad enough to believe it?

""" There has been little new reported about the rumours of counterfeit gold bars which are actually gold-plated tungsten. One Chinese company has a Web site (www.tungsten-alloy.com) where it offers to provide tungsten as a gold substitute. On the first page of its Web site, just below a picture of gold ingots, it states, “Also, it is widely adopted in making faking coins . . .” To the extent that counterfeit 100- and 400-ounce gold bars exist, this company almost certainly could fabricate them. """

Sorry mark here is the correct "TUNGSTEN" metal in the earlier info - - I got the T right, but difficult to authenticate because of fears of the impact on the market



OK now reality returns with links to the recent batch of essays
http://www.caseyresearch.com/displayCdd.php?id=260 "Not So Safe Deposit Boxes" - and more...
http://www.caseyresearch.com/displayGsd.php "Gartman Says He Sees Gold Becoming The World's Reserve Currency " and more...
http://www.gata.org/node/7938 "Russia says leak prompts postponement of gold sale" - - curioser & curioser
http://www.gata.org/node/7939 "Patrick Heller: Gold blast-off starts Friday?" link here http://www.numismaster.com/ta/numis/...ArticleId=8134 Now that explains it Bold and open price manipulation because the USA needs to borrow more money (BIGGEST Treasury Auction ever and it puts us debt so high it will exceed the current authorised federal debt limit.... Read the linked article... The collapse is near.....
http://financialsense.com/editorials...2009/1027.html "Gold, Exchange Rates and the London Fixing."
http://financialsense.com/fsu/editor...2009/1027.html "Hell to Pay"
http://financialsense.com/Market/wrapup.htm "Lowering Beta"

[masalai]

http://www.gata.org/node/7940 "Two more warnings of pervasive market manipulation" - go here for a direct link http://www.zerohedge.com/article/ove...redit-facility and also another post here http://www.321gold.com/editorials/th..._s_102709.html -- -- No more the tin-foil helmets, now is the time for kevlar-flack-jackets and other personal armour protection - - This **** is getting serious and adverse repercussions may eventuate....

[Tcubed]

PREFACE

“To the free man, the country is a collection of individuals who compose it ... He recognizes no national goal except as it is the consensus of the goals that the citizens severally serve. He recognizes no national purpose except as it is the consensus of the purposes for which the citizens severally strive.”
—Milton Friedman, CAPITALISM AND FREEDOM
“We may well call it ‘the tragedy of the commons,’ using the word ‘tragedy’ as the philosopher Whitehead used it: ‘The essence of dramatic tragedy is not unhappiness. It resides in the solemnity of the remorseless working of things.’”
—Garrett Hardin, THE TRAGEDY OF THE COMMONS

The criterion of “profit” has shaped our political decisions since the founding of our country, but now that we are facing peak oil, new “scientific systems” criteria must replace “profit” or our civilization will “collapse” [2] like so many others have throughout history.
In order for America to survive this crisis, a moderate, “doable” modification to our political environment is required. This paper does not attempt to describe a complete system to replace state-sponsored capitalism and market politics. My modest goal here is to show a way forward which could avoid the worst.
THE BAD NEWS

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(Figure adapted from The Net Hubbert Curve)
Our present “business-as-usual” model, which requires endless economic growth and endless job creation, is no longer physically possible. Here’s why:
1.Business-as-usual depends upon jobs and markets to distribute goods and services.
2.Economic growth and increasing job availability require increasing net energy.
3.Net energy correlates with peak oil and both are expected to decrease for decades. See the “Net Hubbert Curve” in David Murphy’s graph above and read this footnote: [3]
4.Decades of decreasing net energy will cause job opportunities to decrease for decades because less and less energy will be available for economic development.
5.Globally, millions of new workers enter the job market each year, but job availability is expected to decline by millions of positions each year. Eventually, the projected high unemployment among young men will cause catastrophic political failures similar to those that led to Hitler’s takeover of German democracy. Therefore, business-as-usual is no longer a viable method of distributing goods and services and a new method must be found—and soon!
Historians will say that “peak oil” marked the end of the second free trade episode. If we don’t abandon capitalism now, we will be forced into another global war over resources:

“By the fourth quarter of the nineteenth century, world commodity prices were the central reality in the lives of millions of Continental peasants; the repercussions of the London money market were daily noted by businessmen all over the world; and governments discussed plans for the future in light of the situation on the world capital markets. Only a madman would have doubted that the international economic system was the axis of the material existence of the race. Because this system needed peace in order to function, the balance of power was made to serve it. Take this economic system away and the peace interest would disappear from politics… By the end of the seventies the free trade episode (1846-79) was at an end… The origins of the cataclysm lay in the utopian endeavor of economic liberalism to set up a self-regulating market system.”
—Karl Polanyi

THE GOOD NEWS:
THE MARKET IS FANTASTICALLY INEFFICIENTYes, that is correct: The “market system” is fantastically inefficient! [4] Our present way of distributing goods and services wast









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Read the rest http://campfire.theoildrum.com/node/5859#more

[masalai]

http://www.elliottwave.com/freeupdat...the-Chase.aspx Shows the difference in the value of gold bullion and the value (purchasing power) of the US$.... Gold is still a good buy - I would buy more if I had any cash...

[Boston]

thing is T Im more of the bend that there are just so many forms of alternative energy that its not really going to be a big deal
other than that the auto manufactures keep killing electric cars that work just fine today with promises of things like "outrageously expensive" hydrogen cars that "might" be available tomorrow
there's already a lot of perfectly good alternative sources and working technologies out there
its just a mater of bilking as much money as possible from the public before some few companies are willing to make those energies more readily available

all is sunshine and happiness
B

[masalai]

B, for those like uni (You and I) who have alternatives ready to put in place... Deep suburbia is a bit difficult, but still possible... One has a chook pen with 50 or so laying hens and 50 or so cocks, some neighbours grow vegies of one sort, others, another and the outer leaves are thrown into the "chook pen", the vegies and fruit and preserves and meat and eggs are traded and the crops are rotated so all get some chook **** and insect control, all get to grow some vegetables on their **** enriched soil - - in effect "crop rotation" shared backyards can be very productive and supply most of the needs of suburban residents - Solar PV / batteries / inverters and HWS panels on all the roofs, rainwater tanks capture all the rain, swimming pools for fresh fish and irrigation for the vege-gardens / fruit trees... A cooperative spirit and honesty is required....

[masalai]

one acre can yield double the income an average family makes by growing food and selling it locally... - - - as opposed to working for a wage/salary... I read that somewhere recently and would love to find the link again....

[Frosty]

I wish you could too because I doubt that very much.

[Boston]

might be a local circumstance although wages are dropping and the cost of food is rising fast
so who knows whats possible

one of my neighbors got the brilliant idea of demolishing his yard and trying his hand at a giant garden
thing kicked his ass
guy cant garden to save his life
what did come up, came up all stunted and hardly produced anything
I think his corn got all of 18" tall
depends on what row your looking at I guess
pretty sure the other neighbors dog peed on the one ear of corn he did manage
so he offered it to me of course
pass
might have worked out if he had realized this whole area was short grass prairie before some fool decided to drop a town on it
poor soils and not enough rain to grow much
means if you want anything green you gotta get acquainted with MR Sprinkler and the ass end of a large ruminant
which was a concept that seemed to go over Mr Tear the yard apart's head
needless to say he was all kinds of proud when his zucchini came in

I didnt have the heart to tell him if there were a nuclear explosion Zucchini would be the first plant to reestablish itself

oh well
maybe third years a charm for him cause the last two were slightly less than stellar