Global economic situation for liveaboard cruising yachties

[masrapido]

Originally Posted by Tcubed

Masrapido , what recovery?!
The US is in terminal decline, y punto.
There is nothing that can be done about that apart from damage control.

Agree completely. I was cynical. Some pages back you might find an old post of mine talking about this scenario, where the usa govt will go down fighting dirty while trying to grab anything to save its arse from falling into the abyss dug by their own hands.

This "recovery" is just what I was talking about there. We should not underestimate the resilience of the capitalist top level to pull any tricks in times of crisis. No matter how stupid these tricks are.

I do note that Osama bin Barrack has lost a lot of his "appeal" and it appears on tv more like by "the way" nowadays.

The reality is setting in. He's just another puppet in the hands of the real crimsons and can do pluck all to change the mafia on top.

Even if he wants to, which I think he now knows he's to small a fish to even dare to do so. He must have been summoned and disciplined by the shitheads that dictate over there...The bankers.

[masrapido]

and bamby is still having 0 posts...

[masrapido]

Originally Posted by Bamby

Are You Ready for the Next Financial and Economic Crisis?

Evidence that the US is a failed state is piling up faster than I can record it.

One conclusive hallmark of a failed state is that the crooks are inside the government, using government to protect and to advance their private interests.

Another conclusive hallmark is rising income inequality as the insiders manipulate economic policy for their enrichment at the expense of everyone else.

Income inequality in the US is now the most extreme of all countries. The 2008 OECD report, "Income Distribution and Poverty in OECD Countries," [PDF]concludes that the US is the country with the highest inequality and poverty rate across the OECD and that since 2000 nowhere has there been such a stark rise in income inequality as in the US.
The OECD finds that in the US the distribution of wealth is even more unequal than the distribution of income.

Good post. I wrote something along these lines a few pages back. It should be just a matter of time for usa to fall into the chaos, and ONLY thanks to their fat pigs (the pigs so precisely described by Orvel) sitting in their
'castles" and manipulating everything and everyone just because they can.

And they call THAT a "democratic capitalism"...

Nazist dictatorship is more to the point. But, I said then that I find such a prospect deeply disturbing. usa should reform into a democracy and renounce the force as means of negotiating. Withdraw all soldiers into the country and focus on healing its own deeply injured economical and political situation.

If it doesn't, the only other option is dissolution. Which is what many analists are predicting. And that is always ugly.

Creditors will not sit on a side if that happens...

[masrapido]

But usa begging commies (China) to save their souls by sending more humanitarian help into the usa (by buying bonds, property, everything), already owing 1 trillion to the commies, that is delightful!

Will that work?

[masalai]

No end to the trickery of the banking mafia...
http://www.gata.org/node/7957 "Congressman from Bank of America guts Fed audit bill - - Mel Watt, a Democrat from North Carolina, has eliminated "just about everything" " -- -- Fuckshit - I suspected as much - Should Mel Watt be first in line for any "disciplinary treatment" by a deservedly angry mob of vigilantes? http://www.bloomberg.com/apps/news?p...d=atc2o1ijLRno

http://www.gata.org/node/7956 audio interview at http://www.kingworldnews.com/kingwor..._Ron_Paul.html
Ron Paul deserves all the support you can give - - Do help him to stand up to the thieving bastards of the "merchant bankers & FED" alliance...

Now is the time to get angry, or discover that all is lost....

[Bamby]

I can't vouch for the source of this information but IMO it seems spot on. Fact is Mas do you have a pin name and write it?

Who controls things in Washington DC, really? americans dont understand how their system really works, Thugs with Ivy League Degrees run the show, debt monetized at a frantic pace and makes matters worse, delinquent and default mortgages, banks get money for nothing


Last week the Dow added 1.3%, the S&P 1.5%, the Russell 2000, 0.2% and the Nasdaq 100, 0.7%. Cyclicals rose 2.6%; transports 3.8%; consumers 1.7%; utilities 1.3%, as banks fell 0.3% and broker/dealers fell 0.6%. High tech fell 0.2% semis 1.1%; bitoechs 1.9% and Internets rose 0.2%. Gold bullion rose $3.00 and the HUI was unchanged, but up 47.5% on the year. The USDX, the dollar index fell 1.1% to 75.62.

The 2-year T-bills fell 2 bps to 0.83%, the 10-year notes rose 2 bps to 3.41% and the 10-year German bund added 8 bps to 3.28%.

Freddie Mac 30-year fixed rate mortgages rose 5 bps to 4.92%; the 15’s rose 4 bps to 4.37% and the one-year ARMs jumped 7 bps to 4.60%. The 30-year fixed jumbo fell 6 bps to 6.00%.

Federal Reserve credit declined $12.9 billion, up 21% yoy. Fed foreign holdings of Treasury/Agency debt rose $4.1 billion to a record $2.865 trillion. Custody holdings for foreign central banks expanded at a 17.5% rate ytd, and yoy 15.2%.

M-2 narrow money supply fell $23.3 billion to $8.341 trillion, that is 5.9% yoy.

Total money market assets dropped $42.3 billion to $3.404 trillion. They have declined $427 billion ytd, or 14.1% annualized.

The charade in NYC and Washington goes on. There is no question that our government is controlled by the unelected that lurks behind the scenes or are appointed as bureaucrats to run our country. It was never more evident than when administrations changed last January. Team A replaced Team B, all of whom just happen to be members of the Council on Foreign Relations, the Trilateral Commission and the Bilderberg Group. There is no debate. There is only one plan and that is for one-world government. These are the Illuminists who will Shepard us into final bondage. This is what our government is all about today and has been since WWII.

The heart of the elitist control mechanism is the Federal Reserve and the Treasury Department. Control of our country emanates from these two entities. They control the purse strings of our nation. They allow us to pay for our own destruction. This is achieved by taxation and debt. The system in place has been used for centuries to keep control over people. The elitists want total power over us and all the inhabitants of the world.

Their plans to bring down the world’s economic and financial structure is well underway. The problem is that the public has begun to discover what they are up too via talk radio, the Internet and publications such as the International Forecaster. That has caused the elitists to accelerate their plans and that has opened the window of opportunity for us.

This is why now it is the appropriate time to pass HR1207 and SB604, bills to audit and investigate the Federal Reserve. Once the public discovers what these elitists have been doing to the American people for almost a century, they will disband the Fed and turn its job of monetary policy back to the Treasury where it was placed by our Constitution. This way we will have control and transparency. The next step will be to close the revolving door between Wall Street and Washington.

t has been two years since the beginning of the credit crisis and the breakdown of our economic and financial structure. The plan by the elitists since then has been to keep the system functioning as long as possible so that they can continue their massive frauds and corruption; or until the time is ripe to allow the system to collapse. These plans are ably assisted by 95% of our House and Senate who are bought and paid for. The corruption is so widespread that investigations do not take place and the guilty are protected and at worst pay a fine.

Due to these machinations the America we have known is gone. Our country is run by thugs in $3,000 suits with Ivy League degrees.

Most Americans do not understand what is going on or don’t care to know. Most are ill-educated and do not really and a chance of comprehending what is going on. That is compounded by drugs and alcohol and a steady stream of media propaganda and brainwashing produced by NYC and Washington. Our daughter teaches the fourth grade and 20 of 23 students are not passing. They are split three ways: white, black and Spanish speaking. Then there is no ‘Child Left Behind,’ which will make sure they pass summer school and when they graduate they will be functionally illiterate. It doesn’t get much worse than this. When we went to school one or maybe two out of 30 wouldn’t pass and they were kept back for a year. It is outrageous. They spend all their time studying for federal government mandated tests, and learn little else. Our three grandchildren read one to four extra books a week and fortunately really excel in their studies. It can be done, but it takes lots of work and dedication something that most parents do not have time for. This in part is what is responsible for America’s failure and lack of leadership. Leadership, which is totally in the hands of the wealthy Illuminists. If it is any consolation the rest of the world isn’t doing much better.

The geniuses, the masters of the universe, have a broken system. This time the system they have deliberately destroyed cannot be resurrected. Due to talk radio, the Internet and publications such as the IF they had to accelerate their program for on-world government and they are scrambling, hoping they’ll be successful, and unscathed. We will make sure they’ll be no chance of that.

As a result of these machinations America is at the mercy of its creditors and for all intents and purposes is bankrupt. The only thing left holding America together is its imperial armies that eventually will collapse for lack of funding. Foreigners are not going to stand for monetization indefinitely. Yes, the players know the system has failed, and some have already broken ranks. If they had not Forex assets in sovereign reserves would not have fallen from 64.5% to 62.8% over the past nine months, as proof of that.

We have told you where we have been headed over and over again for more than ten years and we have been almost totally right unfortunately. If we do not stop these monsters we and our ancestors will live in bondage for ever. That is why passage of HR1207 and SB604 are so important. We have to drive a stake through the heart of the Illuminist machine. That heart is the Fed. If we are unsuccessful we are doomed to chaos and perhaps revolution. Americans had best wake up and snap out of denial.

Most analysts try to figure out what others within the financial and economic sphere are doing. Unfortunately they are burdened by playing within the system. They cannot see what is really going on because for one reason or another they are forced to frame their results within the inner sanctum of the Illuminists. This is the cover that is used for deliberately destroying nations. These ideas cannot simply be avoided. You would think reading history that all these brilliant people wouldn’t be deceived, but they have been. Every time, what they are doing has been tried, has been a failure. Deliberate collapses, destroyed currencies, social chaos and revolution. During the French Revolution 300,000 people such as these lost their heads. Perhaps this time it will be 3 million. Inflation can only be controlled by deflation and deflation is totally uncontrollable. Misguided isn’t the word for it. Smug and arrogant they’ll again be proven wrong and unfortunately we will all pay a terrible price.

The progenitors of this false economic policy, Keynesianism, have brought the distortion of price mechanisms, created unlimited opportunities for speculation and they have thrown all discipline to the wind. This is the basis for our current Federal Reserve System, which is the engine for such a philosophy. As a result of this policy we will be entering hyperinflation next year and the dollar will continue to fall in value.

Even though gold and silver are suppressed, gold hit a new high this past week. The CRB index did as well with oil leading the way. This is all a manifestation of coming hyperinflation and a falling dollar.

The Keynesians are pumping the money supply and monetizing domestic and foreign debt at a wild pace. The deflationary undertow continues strong as residential and commercial property prices continue their decent. The final impact is still two or more years away.

There are few financial reports that do not include bogus accounting. The FASB changed the rules last year and allowed mark-to-model accounting. Let’s see if they reinstate mark-to-market January 1st. The Basel Accords have been simply ignored and no one discusses them. Exclusive of present on and off balance sheet losses, banks are going to get hit with more residential foreclosure losses and they will be hit by 35% more commercial losses over the next two years. If nothing else the banks cannot refinance perfectly good loans because they do not have the funds to do so.

The big question for the banks is will the government perpetuate this fraud? We do not know, but we rather think they may for the good of the country. If fraud continues it will be for the benefit of Illuminists who run the banks, brokerage houses, insurance companies and transnational conglomerates. Either way again all they are doing is buying time; the end result will be the same. The banking, brokerage and insurance businesses are still broke. Nothing has been done to fix the underlying problem. There have been no structural changes, just the same old criminality. Any changes are patchwork for the public. Stimulus packages, home loan modification and $250 checks for seniors who will not get a COLA increase for the next three years. It is like the mad hatter has been set loose.

Where are the tariffs on goods and services we so desperately need to bring production and jobs back from the third world? Without them everything else is futile. Offshore tax-free earnings, now some $1.3 trillion, are too juicy for the Illuminists to give up. Then again, what better way to destroy an economy, as we wrote in 1967 in the American Mercury?

Then there is the outrageous scam of terrorism and mindless, endless war to again fill the coffers of the Illuminists and rid the world of useless eaters.

Monetization only makes matters much worse, as we shall see when hyperinflation revisits us next year. In this process the dollar is allowed to collapse and it was planned that way.

Borrowers have sold more than $1 trillion in US corporate bonds in 2009, the fastest pace on record. Citigroup and General Electric were the year’s biggest issuers. Sales compare with $873.2 billion in all of 2008, and $1.17 trillion for 2007, the biggest year for bond sales.

The record rally in the price of loans owed by the riskiest corporate borrowers may end a two- year drought in leveraged buyouts. Banks provided almost $7.5 billion of high-yield loans in the U.S. and Europe since July 1 to finance acquisitions, more than double the amount in the three months ended June 30 and more than four times the figure in the first quarter.

Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two-quarter rout in almost two decades. Policy makers boosted foreign currency holdings by $413 billion last quarter, the most since at least 2003, to $7.3 trillion. Nations reporting currency breakdowns put 63% of the new cash into euros and yen in April, May and June, the latest Barclays Capital data show. That’s the highest percentage in any quarter with more than an $80 billion increase. World leaders are acting on threats to dump the dollar while the Obama administration shows a willingness to tolerate a weaker currency in an effort to boost exports and the economy. The diversification signals that the currency won’t rebound anytime soon after losing 10.3% on a trade-weighted basis the past six months, the biggest drop since 1991.

US foreclosure filings climbed to a record in the third quarter according to RealtyTrac Inc. A total of 937,840 homes received a default or auction notice or were repossessed by banks, a 23% increase from a year earlier.

The Chicago Transit Authority proposed service cuts and boosting some bus and train fares 33% to close a $300 million budget gap prompted by pension obligations and the weak economy.

The volume of delinquent commercial mortgages jumped sevenfold last month as borrowers who got loans with lax terms fail to make debt payments amid sinking real estate values, according to Credit Suisse Group AG. In September, installments on $22.4 billion of mortgages were at least 60 days late, up from $3.2 billion a year earlier. The delinquency rate rose 33 bps to 3.34%.

Even as the economy continues to struggle, much of Wall Street is minting money — and looking forward again to hefty bonuses.

Many Americans wonder how this can possibly be. How can some banks be prospering so soon after a financial collapse, even as legions of people worry about losing their jobs and their homes?

It may come as a surprise that one of the most powerful forces driving the resurgence on Wall Street is not the banks but Washington. Many of the steps that policy makers took last year to stabilize the financial system — reducing interest rates to near zero, bolstering big banks with taxpayer money, guaranteeing billions of dollars of financial institutions’ debts — helped set the stage for this new era of Wall Street wealth.

You can’t make up stuff like this! Facing jeers over outlandish pay, the CEO of Goldman Sachs stresses the social goods of his firm's business.

Blankfein, speaking at a breakfast conversation hosted by Fortune, emphasized that the investment firm serves "an important social purpose" by channeling pools of money held by pension funds and others to companies and governments around the world…

But Blankfein said principal trading -- trades the firm makes for its own account -- makes up just a small fraction of Goldman's profits. [Perhaps Blankfein needs remedial math.]

How can Blankfein make such an absurd claim when in the last quarter $10B of Goldie’s $12.4B in revenue came from trading? Obviously Blankfein believes people are stupid given his statement that Goldies principal trading makes up a small fraction of Goldie’s profits. What a crock! And Al Capone used to run soup kitchens.

Borrow from the Federal Reserve at zero and lend to Treasury for a profit. That's some racket. The banks have no incentive to lend. Most of them still have a significant amount of bad loans sitting on their books that they don't want to recognize as nonperforming. If the banks recognize these bad loans, all the write-offs may force them into bankruptcy. Instead, they hope that over time renegotiated loan terms will eventually allow the borrowers to make their payments. This ordeal could last at least a decade if this cycle is similar to other crises, like Japan's lost decade of the 1990s…banks can earn a huge spread by borrowing virtually unlimited amounts for nothing and lending that same money back to the Treasury.

Source Here

Found this paragraph here and thought it was worthy of adding here also.

Our sources tell us that the reason that Ken Lewis quit as CEO of Bank of America was because the Federal Reserve is dumping as much of the toxic waste as they can from other major banks into Bank of America and they are going to allow BoA to go bankrupt in 2010. There are 40 zombie banks in just Chicago alone. And, no one will take them over because they are so bad off with toxic waste. Corum that went under recently, and was bought by M&B had the Fed take all the toxic assets and M&B took the good stuff.

Source Here

[masalai]

Your quote - - - """ This is why now it is the appropriate time to pass HR1207 and SB604, bills to audit and investigate the Federal Reserve. """ has BEEN GUTTED see my links above, - I feel so sad for Ron Paul and so many other good citizens who will be screwed to the death... The original intent of these bills is CRUCIAL, but I fear nothing short of strong community action will have any impact... I have been able to see the demise quite clearly from this distance but the Australian media is still stupid and accepting as "gospel" the word from USA... When 'wallstreet' sniffs Australia comes down with the flu - ******* pathetic here, - and likely to follow the USA lead, but thankfully the retards are 5 to 10 years late/slow...

The initial lines detailing fiscal/bourse stats I can get................ but the Treasury auction of last Thursday is unknown and would help in my understanding of what is likely (who - banks.countries - bought what - amount, year/term, implied interest rates & shortfall - - sort of stuff)... This is crucial as it gives an insight as the the mood behind the reactions of the FED...

Your quote - - - """ The progenitors of this false economic policy, Keynesianism, have brought the distortion of price mechanisms, created unlimited opportunities for speculation and they have thrown all discipline to the wind. This is the basis for our current Federal Reserve System, which is the engine for such a philosophy. As a result of this policy we will be entering hyperinflation next year and the dollar will continue to fall in value. """ is what has greatest impact in my analysis, for with this "intervention" any other analysis is absolutely useless as facts are no longer relevant and often not even facts... So all 'market indicators' are almost all useless ********... The reading between the lines and making long term decisions in nigh impossible... To be successful most business demands social stability and an economic environment that does not move the "goal-posts", whereas they have been moved on an hourly and random fashion unless one works NY hours (minus 14 hours for me) and then local trades in my areas of interest are all asleep...

""" Fact is Mas do you have a pin name and write it? """ NO, just copy links that I have read and briefly comment - around 4 to 5 hours reading a day as I am retired (community development in LDC's and farm business management advisor)... I started to take serious interest when I had to rescue mum's small portfolio, making 50% in 12 months to end 2008 but holding ground since March 09 and held back by the gross market manipulation by the USA/NY cartel... Since March 09, US$ has lost value by about 40% against the Au$ and until the US$ collapses I am "stuck" in a holding pattern that will not loose long term...

Most of what you have summarised I know, and appreciate your overview as it is a helpful reminder... Thanks... The Goldman Sachs fraternity is at the core of the cartel (brothers in crime, so to speak, are spread globally...)

[Bamby]

Here's another Copy and Paste

We are now seeing Treasury auctions every two weeks. Fannie, Freddie, Ginnie and FHA all will need trillions more to continue operations.

Commercial real estate loans from 2003 to 2006 are now coming due as property values decline and refinancing is nowhere to be found. Reality for banks is just around the corner. We see a perfect storm. Banks are already crippled so it won’t take much to push them over the edge. In the middle of this is, the Treasury and the Fed, they are in a box and they cannot get out.

The fall of commercial real estate will start the next credit crisis or global financial crisis. US and European banks are going to get killed. This will finally prove over the next two to three years that America and Europe are bankrupt. In the coming period the world will finally cut off America’s credit. They will stop buying Treasuries and Agencies. The wicked circle of Fed monetization will get bigger and bigger and inflation will grow larger and larger. The stock and bond markets will collapse as a result. As this unfolds it will finally become obvious to all that the elitists have buried us. American debt is un-payable and what has been going on for 38 years has been suicidal. Remember, there are no markets anymore, just interventions.

What goes around comes around. Most of the major banks in the US and Europe are bankrupt. Worldwide banks are interconnected and that means banks that have not leveraged and gotten themselves into trouble could well be sucked into the vortex of destruction the world is facing. Tier 1 capital of every bank worldwide has been destroyed. They are still leveraged 40 times assets. 100% of their capital has been destroyed. Now that both residential and commercial real estate are in a total state of collapse they are in the process of being thoroughly bankrupt.

Many states are bankrupt as well to be followed by more. Any bailout will come at the price of hyperinflation. Tax receipts, both federal and state, continue to fall like a stone. As we get deeper into the depression the drop will accelerate and more and more services will be curtailed. As we said long ago, the only way to save the system is to purge it immediately and finally get it over with. Virtually everything could be shut down at the state levels, including schools and healthcare to name just a few.

We will be looking for help from HR1207 and SB604 to audit and investigate the Fed. There are Senate Bills that rip the heart out of anything meaningful.
(Note according to sources this bill is now lame or dead)

We are looking at a seminal time in history and if we do not get a bill to audit the Fed and get rid of incumbents in Congress, we are simply screwed. Then only revolution is the only option.

The stock market continues its bear market rally, up 50% to 60% dependent upon which index you follow. CNBC discusses how long it will take to retrace the Dow 14,168, as sane analysts try to decide when the market will again fall and how deeply. Needless to say, our president and his party claim credit for creating the higher market via stimulus. They would have us believe that the housing crisis is over along with the credit crisis and those terrible events are behind us. Contrary to what Washington believes the real reason the market is up is that the Treasury and the Fed have lent banks, brokerage firms and insurance companies more than $12 trillion – that is why.

We do not see any U or W recovery. We see hyperinflation followed by decline and flat lining for some years to come. This, of course, is not the fashionable viewpoint. Then again, we picked the tops in the market in the second week of April 2000, started recommending gold and silver shares in June of 2000, picked the top two years ago at 14,100 and the recent bottom at 6,600. We are still long gold and silver assets and have open and closed short positions that have made phenomenal gains, but then again what could we possibly know? Only members of the Council on Foreign Relations, Trilateral commission and Bilderberger Group know what is going on. We have no inside information on these matters, we just back into predictions and solutions. We have no members of the Illuminati secretly telling us what is going on. Just be patient, a 25% to 50% correction in GDP will come and unemployment will eventually easily reach 35%. This is going to make the Great Depression look like a picnic. Then again, what conceivably could we know? We are not among the anointed.

Over the past two years the Fed has established, as we suspected and reported on rules, that permit banks to pledge any security as collateral. This is known as the (PDCF), “Primary Dealer Credit Facility. This had to be done. If it wasn’t the repo system would have collapsed, because many banks, brokerage houses and insurance companies were bankrupt. These 21 dealers can buy anything they want and those purchases have been funded by the US taxpayers. In essence the Fed was really the buyer. Talk about moral hazard.

Source Here

[masalai]

I fear bamby, that (post #1821 & 1823), align very closely with my view - The date of retribution is as clear as muddied waters can keep it hidden - - The "Patriot act", (nothing patriotic about it), will serve to keep most of the sheeple quiet or under control and the leaders, who seek to return USA to honesty and integrity, in jail as "terrorists"... Afghanistan and the rest of the middle east, should be abandoned, as the US forces will be defeated by their inability to mount a defence against 1) the cia intent on controlling the opium trade there, 2) internal political corruption/nepotism and 3) a rag tag group of religious zealots who do not appreciate the invasion by western military forces... let alone any other determinant factors... But will probably continue, so as to ensure lots of screwed up soldiers who will need to turn to Opiates, and the that the cia has a reliable drug source... Oh what a ****** up world is being created...

[Bamby]

I’m aware that it parallels your opinion and mine for that matter, you actually could have written it but it’s also the reason I copied it and posted it. This big elaborate chess game that is affecting every American and ultimately the entire world needs to cease and dissect. Shore they’ve may have sacrificed a few pawns so far in this game, but it seems the sacrificial pawns are ether A) to stupid and actually know anything of substance B) or too in fear of their own consequences to deliver up or sacrifice the higher pieces. Unfortunately it seems on this particular chessboard they’ve seem to have an excessive amount of pawns to hide behind.

Unless some of the pawns start talking and deliver up and sacrifice some valuable pieces in this ongoing game we’re probably screwed, as is the rest of the world economy is also going to be screwed also. It’s a shame such a prize pawn such as Madoff didn’t spill what he actually knew to maybe expose a bishop or a rook or something. I wonder what they threatened him with extinction of his whole family maybe. Who knows?

I’ve read some places on the net that a lot of what’s taking place is conspired to enable the issuance of the New World Order that’s been talked about for quite some time. I’ve not actually studied what the New World Order represents myself so I’m pretty ignorant about it. And I have to wonder which pieces in this game stand to profit and gain by such a World Order. What we really need right now to really address this mess is some pawn or two they’ve sacrificed to spill their guts about what they actually know to expose true relevance of what is actually going on. Then just maybe something could be done to expose the more valued pieces and bring this game to its final conclusion hopefully without involving bloodshed of innocents who had no say or made any profits from their damnable deeds they have done and conspired.

[masalai]

"The new world order" may be attributed to the deluded Christian millennialism and the idiotic interpretation of the bible end-time prophesies and used by the merchant bankers to keep the sheeple compliant through the churches... all works in very neatly for the gullible and those who lack self confidence, and need to rely on hope promised by some distant "Authority figure"...

http://www.gata.org/node/7958 "A small report from the front in the gold war " http://www.nytimes.com/2009/11/01/ny...itic.html?_r=1
http://www.gata.org/node/7959 "Michael Berry: To avoid more dependence, U.S. must develop its resources"
http://theburningplatform.com/economy/the-nanny-state
http://www.gata.org/node/7960 "Ambrose Evans-Pritchard: Worry about Japan, not America"
http://www.gata.org/node/7961 "Gold and economic freedom: GATA interview" http://www.westernstandard.ca/websit...le.php?id=3021

[masalai]

Boston, Thought this may interest you - entirely off topic, so - pirating my own thread http://www.dieselveg.com/rudolf_diesel.htm This would look good in your boat but a smaller flywheel?

[masalai]

Subscribe http://www.dailyreckoning.com.au/subscribe-dr/ it is free (with a bit of spam - which is easily ignored) but as a freebie, the content is interesting...
"""--But in the bigger picture, as Nial Ferguson and Ken Rogoff mentioned this weekend, this means that the financial crisis may soon become a sovereign debt crisis. So far, the liabilities of financial firms have been transferred to the public sector balance sheet. But this has not solved the problem. It's merely moved it to a larger stage on which it must play out""" as an example...

http://www.gata.org/node/7962 "Retailing lender CIT files prepackaged bankruptcy" http://news.yahoo.com/s/ap/20091101/...l0ZmlsZXNmb3Jj
http://www.gata.org/node/7963 "Trace Mayer: Gold bug bit the Tudor" http://www.runtogold.com/2009/11/gol...bit-the-tudor/

http://www.moneymorning.com.au/subscribe - free sudscription and more spam but WTH fun to read too...

[Boston]

Where are the tariffs on goods and services we so desperately need to bring production and jobs back from the third world? Without them everything else is futile. Offshore tax-free earnings, now some $1.3 trillion, are too juicy for the Illuminists to give up. Then again, what better way to destroy an economy, as we wrote in 1967 in the American Mercury?

its called free trade
and what the fools who mindlessly supported the concept are finding out is
its not free
it is paid for by jobs
lots of jobs
manufacturing blue collar jobs were ~28% of the middle class about ten years ago
today
gone
might be 6.5% of blue collar jobs
manufacturing is gone and it wont be back any time soon

the jobless "recovery"

thing is its not just USA that is screwed
those third world countries that got those value added jobs
are not getting the benefits of them
what they are getting is exactly what hey bargained for
low pay offered to children that should be in school
dangerous working conditions
outrageous pollution
shanty towns and corruption

some fool thinking he was doing his country a favor sold its poor for the lowest wage going for what
a one time pay off to do so

the whole thing stinks and eventually an armed revolution will be the result
not sure about you folks but I used to be doing well
ran about 30 head of horses on 45+ acres and must have owned about a dozen vehicles.
that was ten years ago
today
I may not carry any debt but Im basically broke
will be lucky to buy a $10,000 piece of land in BF Oregon

welcome to the new world order
whats your lowest price

B

[WestVanHan]

I used to be partners in a US manufacturing company,the other 2 partners wanted to go offshore because:

-they could defer tax payments forever.
-we could have written off the expenses to shut down the factory.
-we could sell a component part to our foreign side with minimal markup (minor profits,minor tax) then they'd jack the price way the hell up and sell the finished product to the domestic side for max profit and pay no US taxes.
Then,as we would pay a high price for the product,we'd sell it and make little profit on the domestic market,and therefore pay little in taxes.

I wanted none of it,thought it was nuts,and forced them to buy me out.

Three months later they closed down, with 30 employees (and families) laid off.

Then they had mucho problems with production,quality control,bribery,etc and last i heard they are still in $$ trouble.