Global economic situation for liveaboard cruising yachties

Geees mark, found your magnifying mirror and tweezers for a good wanking session of drivel - You have posted in the wrong thread, would you be needing assistance to copy & paste to one of the two threads that would be more appropriate to such inane drivel?

Oh - excuse you, - that was the standard prescribed format of "a paid political announcement", the standard to be expected, support for the present government and since there is nothing good to be said there, trash, insult, slander and defame everyone else... You poor sorry excuse for a cretinous ********...

 

mark775,

Good one mate, nice to get a belly laugh, something that unfortunately does not happen all that often anymore.

Ta, John

 

http://www.gata.org/node/8027 "Iranian central bank's coin sale bursts 'gold bubble'"
http://www.gata.org/node/8028 "NY Fed chief contemplates pre-emptive bailouts"

 

Yup...

Hello...
Geezus - I would not want to offend any table and chair killers or those who like to take over 747's and try to muck about with highly backed up international financial records and believe something was accomplished...
**** - I used to scrape my fingernails against the slate - but all that was accomplished was nothing - save not getting laid on field trips...
Yup...
I am the - 'not so sentient' - one - as always...
What is next - from these sand grubs - who studied in our best Universities - without the real need to make a grade point...
SH.

 

I give mark full points for that --not real rep points just verbally--. It would appear that he is trying to sound intelligent and educated like his buddies here on the forum, bless him hes trying. In fact I would say Mark is very trying.

Well at least he has given up ranting in big red capital letters!! it looked like crayon to him, which is what he normally writes in.

 

something tells me there were several references to I in that last bit of funnies from the Mark man.

amazingly enough he was right though about one thing
I really was not after a degree nor really cared about credits
I just took whatever I wanted and left it at that
you might have correctly guessed that English was not one of my chosen studies

 

I Want To Play The Hung Minority

Hello...
I will make my own costume...
I actually read that Mark bit - my God I could do a mickie right now - and come out good...
SH.

 

Don't put yourself down Boston , you are one of the more better writers on the forum.

 

Frosty, I will second that motion, anyhow, spelling, schemilling Americans can't do either, and many seem unable to express themselves coherently, but Boston, Frosty, Bamby, hoytedow, Landlubber, sean, and many others seem to be able to communicate effectively - after that WTF????
_________________________________________________________
http://www.dailyreckoning.com.au/ have you subscribed yet?
--The weekend edition of the Australian Financial Review has gold on the cover, incidentally. You can see a picture of it a few paragraphs down. Underneath the giant golden letters it reads, "Why you shouldn't laugh about gold hitting $US2000 an oz." But if anyone's laughing, it's a nervous laughter.
--Why? Well, the fact that the gold made the cover of the AFR confirmed our view that it was an excellent month to research uranium stocks. That's just what Diggers and Drillers editor Alex Cowie did. He published his first report as the full-time editor of Diggers and Drillers on Friday. It was on uranium, including one specific recommendation.
--We talked with Alex about whether to write about gold this month or uranium. Trouble is, he'd already written about gold in October. We've been getting a lot of questions here at the DR about gold. The gold price is making new highs in U.S. dollars ($1,123.40 in the futures market last week), but hasn't carried over into Aussie dollar.
--The strong Aussie dollar has capped the Aussie gold price for now. You can read what Alex has to say about it here. The short version, though, is that Aussie investors looking for leverage to higher gold prices ought to look at producers who incur cash production costs in U.S. dollars. This keeps costs under control, but ought to benefit share prices (all things being equal) if gold continues to make new highs.
--By the way, a report predicting $2,000 gold was the very first letter we mailed when we began our financial publishing business in 2006. The prediction seemed a bit crazy back then. And truth be told, the report bombed. That is, very few readers took us up on the offer to subscribe to Diggers and Drillers and see what else we had to say about gold stocks and the resource industry.
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http://www.moneymorning.com.au/ has this as the lead in their email
""" Gold about to leap past $5,000? - - Forget the talk of gold's all-time highs. It hasn't even matched its inflation-adjusted best - yet! But it could easily do that - and more - in 2010. - - There are more buyers of gold now than sellers. That alone will push the price UP - quickly... possibly by as much as 457%. """

http://www.gata.org/node/8029 "When it comes to gold, history itself wears a tin-foil hat"

 

http://www.gata.org/node/8031
http://www.gata.org/node/8030 - - huh :?: :?: reading between the lines I wonder which path to take??? since the FED is the main manipulator????? will it sucker the market-to-buy-gold, then crash-gold-and-reap-the-profits, or up-the-price-of-gold to crash-the-US$ and help pay-off-the-US$-debts of the FED from earlier plays-to-suppress-gold/boost-US$, - - plays, that have come to an end and need to be recouped??? - - - I think they will get just ONE chance so probably, - - - - both....
http://www.gata.org/node/8032 "Peter Brimelow: Gold bugs say it's not over" - - - What idiots? - - - It is the US$ collapsing, Gold has remained steady to down a bit since March 2009 - Read my lips - US$ collapse : gold is steady to down a bit.... SHEEESH wake up USA...

 

I just had a look at the original intentions of this thread
Global economic situation for liveaboard cruising yachties
Has recent economic developments impacted on your liveaboard lifestyle as a cruising yachtie....

Do you sense significant changes must be made? - - How will you continue to practice your "cruising Yachtie lifestyle"

Does the economic changes we are experiencing, give you different ideas as to cruising grounds and type of cruising boat as your "liveaboard"....

Please keep it to practical stuff that your experience has determined... (no dreams or fanciful wish lists please as most cruising yachties are NOT mega rich or even a bit wealthy - apart from their boat and lifestyle)

How do you plan to meet some of the possible future challenges, such as fuel needs, income generation, maintenance, spares, repairs use of non-chandlery sourced equipment and gear?????

The reason? - I am about to commence building a Bob Oram 39'C and figure any expertise anyone how is cruising may wish to share would be useful to me and many other cruising members....

I will bore you all with copy and paste of the topic for discussion here. - please keep it relevant to the thread as I lost a lot of useful links kept in Global politics & economics etc when it was deleted because of certain intolerant petulant behaviour from, I gather usanians who do not believe in free speech or opinions other than their own should have space....

Boy, have things changed... I am quite pessimistic as to my fiscal capacity to "cruise globally", and feel that economic pressures will limit wandering to just several thousand miles from the "main island", Australia... I may get as far as India, Thailand, Malaysia/Borneo, Melanesian Island Nations and NZ, mainly because of money (lack thereof) and difficulty in picking up some extra income during extended visits...

Big questions have not been resolved - -
US debt creation... When will it end and will the debt ever be paid back more than 600TRILLION:?:
The consequences of this burden is the Global economic downturn... Who Will recover, Who will fail, and Who PAYS:?:
When will the causes be set right/removed... Sheeting home the blame to the perpetrators, removing the opportunities to return to the catastrophic behaviour that started the boom bust environment - - - Keynesian thought is WRONG)...
While we are solving the problems of the world, reduce the size of government, and taxation to 10% of sales (as a general sales tax -GST?) and a "tithe" of another 10% restricted to charitable, social services, food and clothing for the poor everywhere in the world...

What else? - - - NO military:!: - - - police and courts are part of the first 10%... Political service is an UNPAID community service...

Economically, Gold has not risen in value, it is just that the US$ has fallen... along with a few other currencies...

 

The Reasons for Gold’s Explosive
Rally Are Not All That Different From
The Forces behind Its Past Rallies.

They’re Just 100s of Times More Powerful!

For the last 5,000 years, gold has been propelled higher by many of the same causes. Today, the reasons are …
Gold Bricks

1. Paper money is being systematically devalued by central bankers and politicians, especially in the U.S.

2. The private sector and investors are losing confidence in governments all over the world.

3. Geopolitical strife is more prevalent than it has been in the last 30 years.

4. The wild, out-of-control spending and debt accumulating that’s ingrained in today’s culture, especially in the U.S.

5. A massive explosion in income growth in other parts of the world. In the 19th and 20th century, that was the industrialization of Europe and the U.S. In the 21st century, it’s the same industrialization, but of Asia, and nearly 60% of the world’s population — and where more than 80 million new middle-class families are being born each and every year!

But one of the keys to understanding gold today — and indeed, virtually all natural resources — is to understand how the public has gotten burned by paper in the past. So let’s take a walk into just the recent past and look at some recent examples …

The Time: The Middle of 1998
The Places: Thailand and the former Soviet Republic

Strange bedfellows you might think. But not really. Moscow was reeling under an estimated $150 billion worth of publicly issued IOUs, debt they had accumulated when the Berlin Wall fell and the former Soviet Republic turned into a splintered group of free-market Russian states.

The debt, mostly issued with the intent of building infrastructure for the new Russia, was for the good of the country’s new 146 million capitalists.

However, corruption at so many levels in the government resulted in waste and bureaucratic nightmares. Projects either never got off the ground or ended up lining the pockets of the oligarchs who effectively printed their own money with assets previously owned by the state.

End result: The sovereign debts of the new Russia quickly went bad, and for the next five years Russia collapsed into turmoil.

Though almost a world away, it wasn’t much different in Thailand. The country’s economy was cooking in the earlier part of the 1990s. Gross domestic product was jumping at an average rate of 9% a year.

So the country borrowed money, lots of it, to expand even more. Public officials and those quickly getting wealthy in Bangkok were all thinking the same way.

In fact, so much money came into Thailand that the Thai baht was strengthening quickly in local markets. Yet it remained tied to the dollar, which at the time was also rising in value. So with a currency too strong, the economy suddenly became uncompetitive in the region.

Billions of dollars borrowed and bet on the future were suddenly at risk. The economy continued to slow to such a point that there was only one option for authorities and regulators: Bust the Thai baht loose from the dollar and let it float freely on foreign exchange markets.

Give the system some flexibility and let market forces take over.

It was good thinking and the only choice the authorities really had at the time. But what they didn’t realize is that confidence in the government had already been lost. Investors felt insecure about debt issued by the government.

End result: The baht collapsed, soaring from 28 to the dollar to 58 overnight. Capital stampeded out of Thailand like there was no tomorrow. The economy collapsed, shrinking almost 50% in no time at all. Bonds and other debt offerings went bust. And the International Monetary Fund had to step in and bail out the country.

Moscow and Bangkok … strange bedfellows no doubt … totally unrelated at first glance. But in both cases, simmering below the surface, were excessive debt levels going bad. Paper assets went up in smoke. And investors got burned. Big time.

Another example from just a few years ago …

The Time: 2000
The Place: New York

The Nasdaq hit 5,132 in March 2000, up 1,489% from its low of 322.93 in October 1990. Dotcoms were everywhere, all the rage. Investors couldn’t care less about brick and mortar companies with real assets, with real three-dimensional products for sale.

All they wanted to know was how many eyeballs are looking at a web page at any given moment. All they wanted to know was how many clicks a link on a website got. And all they wanted to know was the latest dollar figure being assigned to such numbers. They multiplied them out and got the stock price. Forecasts kept getting raised and share prices kept going up.

But suddenly reality set in and investors took a breather. They thought about what they were doing. They woke up and smelled the coffee, prodded no doubt by disasters such as Enron and WorldCom. They started to ask themselves what the heck they were really buying.

And voila! The assets suddenly collapsed virtually overnight, in the worst stock market crash since the Great Depression. Paper, in the form of stock certificates, crumbled in value.

Now, fast-forward to today …

The Time: 2009
The Place: All over the U.S.

The problem: Subprime mortgages … prime mortgages … bad real estate … corporate debt to the tune of $7 trillion … Federal debt to the tune of $125 TRILLION.

It’s not so much that real estate prices collapsed under the sheer weight of the debt. Believe it or not, that was only the trigger and prelude to a much deeper debt crisis that is now beginning to emerge.

And it’s not so much that we have to compete with Chinese products when it comes to manufacturing and exporting our own goods. Or with Japan. Or Vietnam.

It’s not any one single cause that has led the U.S. to where it stands today.

It’s a series of blunders made by all of us … from Washington to Main Street. And it’s created a debt pyramid that is now the largest that civilization has ever witnessed … and, it’s crumbling before our very eyes.

Is it any wonder that the U.S. dollar, once the most respected currency in the world, has been losing its value virtually non-stop?

Is it any wonder that December gold has now pierced the $1,100 barrier?

Is it any wonder that gold is now being rediscovered as the hard currency it has always been?

Is it any wonder that virtually all natural resources under the sun are acting like tangible assets should … rising as the dollar crumbles … and as investors start to shun paper assets?

http://www.uncommonwisdomdaily.com/hard-money-wins-out-4-7476

 

ABU DHABI (Reuters) – A Federal Reserve official said on Monday that the U.S. economy still faced "significant weaknesses" and urged policymakers to allow large financial institutions to fail if needed.

"We still have significant weaknesses to work through in the economy in the U.S. and coupled with a rapidly rising level ... (of) debt and enormous moral hazard issues, we have a great deal of work ahead of us," said Kansas City Fed President Thomas Hoenig.

Data showed last week that U.S. consumer sentiment had soured in early November on grim job prospects while a larger-than-expected trade deficit had analysts scaling back estimates for third-quarter U.S. growth.

Turning to regulatory issues, Hoenig said that all financial institutions needed to be allowed to fail, no matter their size.

"As we look at reform and the way forward I think the most important think we need to do is to make first of all an accurate assessment of fundamental weaknesses in our financial system and then begin to create better foundations," he said.

Hoenig was speaking at a central bank event in Abu Dhabi, the capital of the United Arab Emirates.

"Our institutions must be allowed to fail no matter what their size or political influence," he said.

U.S. regulatory agencies have been embarrassed by flaws in financial oversight that failed to prevent a financial crisis that has triggered a painful recession, cost millions of jobs, and required hundreds of billions of taxpayer bailout money for banks.

The Fed has drawn sharp criticism from some lawmakers for its handling of the financial crisis, particularly its controversial decisions to extend emergency loans to large firms such as insurer AIG, which it did not directly supervise.

"Our reluctance to deal with 'too big too fail' provides these largest institutions with important advantages over any competitors who are not seen as important," Hoenig said.

Hoenig also put the spotlight on credit ratings agencies, saying policymakers needed to examine fee structures and incentives, calling into question how the agencies earned fees from the companies they were supposed to rate in an objective manner.

"Even if we put regulatory restrictions on the rating agencies trying to make them behave, incentives overwhelm (the additional safeguards). Incentives always overwhelm," he said.
http://news.yahoo.com/s/nm/20091116/bs_nm/us_usa_fed_hoenig

 

http://www.gata.org/node/8033 "Now Bernanke says he too supports a strong dollar" - - What code is that for? Oh yes the ******** is at last going to '...stop-supporting-the-dollar-by-massive-sales-of-gold-that-the-US-does-not-have...' or some such frickin idiocy....

http://www.gata.org/node/8034 "Bernanke tries to talk the dollar back up" - - The "dog" is dead, for pity's sake bury it....:$:

Nice posts there Bamby... But I fear the issues covered are only scratching at the surface... Underneath the thin protective hard surface layer is a seething mass of destructive **** ready to consume all...

 

Ya, I appreciate that Frosty but my English grammar is not so much.
( ps I used spell check three times in that one sentence )
its all good
I got a editor if I really want to put out anything serious