Global economic situation for liveaboard cruising yachties

Sad ...but ...can you really blame him for that ...I think not...

You need to look a little deeper , as you well know.

 

I`m with you Daniel.

I think he believes in what he does.I think he is often frustrated by the system that put him there in the first place.

It is clear that Americans distrust big govt. and little wonder really.

The US , along with all other countries , is not a true democracy.

 

Hi Missinginaction,
Yes I copied links to several articles about her and the arseholes of the Goldman cartel who got her screwed by "s(w)hitehouse hallway whisper campaign" so sad as she is well qualified and with legal capacity to make honesty prevail....

I well have a listen to your link after church today (as it is Sunday here in the future)

http://www.gata.org/node/8146 "What a revelation: Gold trading can rig currency markets"
http://www.gata.org/node/8145 "Silver market analyst Butler's weekly interview at King World News" - - always an interesting podcast http://www.kingworldnews.com/kingwo...09/12/12_Ted_Butler_on_the_Metals_Market.html
http://www.caseyresearch.com/displayCdd.php?id=298 "Casey's Daily Despatch, weekend edition"
http://www.caseyresearch.com/displayGsd.php "Ed Steer's Gold & Silver"

 

http://theburningplatform.com/economy/brave-new-world-2009 - - when he posts, it is usually interesting...

 

Well then say so.
You've been caught lying and contradicting yourself

Caught again,M

Masalai's playing the victim-he insulted me first,and I responded in kind.

Masalai posted the "Pissing match" thread first- go look at the dates.

12-10-2009, 12:45 AM
masalai
masalai Join Date: Oct 2007
Rep: 985 Posts: 6,463
Location: SE Queensland, Australia

WestVanHan and his pissing contest


Versus my response 19 hours later:

12-11-2009, 10:35 PM
WestVanHan
Junior Member Join Date: Aug 2009
Rep: 82 Posts: 65
Location: Vancouver BC

Mas Can Dish It Out,But He Can't Take It.


Oh god this is too easy.

 

Mas you've got my vote to stay.....


Today's reading is from the Book of Corporate Life, Chapter 1, verses 1-15.

In the beginning was the Plan.

And then came the Assumptions.

And the Assumptions were without form.

And the Plan was without Substance.

And darkness was upon the face of the Workers.

And the Workers spoke among themselves saying, "It is a crock of **** and
it stinks!"

And the Workers went unto their Supervisors and said, "It is a crock of
**** and we cannot live with the smell."

And the Supervisors went unto their Managers saying, "It is a container of
organic waste, and it is very strong, such that none may abide by it."

And the Managers went unto their Directors, saying, "It is a vessel of
fertilizer, and none may abide its strength."

And the Directors spoke among themselves, saying to one another, "It
contains that which aids plant growth, and it is very strong."

And the directors went to the Secretary, saying unto him, "It promotes
growth, and it is very powerful."

And the Secretary went to the President, saying unto him, "It has very
powerful effects."

And the President looked upon the Plan and saw that it was good.

And the Plan became Policy.

And that is how **** happens.

 

Are you the same person behind the mark775 nick...? And there are a few more that spring to mind. I am just wandering (no need to answer, I will not believe it) because the style is so similar, one cannot but wonder.

I am also baffled with so much self-inflicted delusion in so many people from usa posting around here. When the things went bad for USSR, you were the first to scream and point the finger out. Now that you are in the same sinking boat, you are up in arms when people point that out.

You usanians wanted to conquer the world and submit it to your, now clearly failed, ideology. It is time to cope the same treatment you were handing out to others.

The world has every right to point the fingers at you and say you suck. A number of COUNTRIES have failed or will soon bancrupt, and it si sole responsibility of your "democratic capitalism".

No one is attacking you personally out of the blue. But you still think you have some extra rights over the others.

You don't. When a criticism is due, put up and accept responsibility. Facts are clear. usa has ****** up and big time. Because usa imposed their flawed and failed "economic model", based exclusively on greed, many are now affected.

People who have had their investments and livelihoods evaporated are now singing Internationale around the world.

Not because communism is "better". Because "democratic capitalism" is WORSE.

There's huge difference between the two terms.

 

http://www.futures.tradingcharts.com/cotcharts/GD
http://stockcharts.com/h-sc/ui?c=$usd,uu[m,a]daolnyay[dd][pb50!b200][vc60][ilb14!lh14,3!la12,26,9]
http://www.usdebtclock.org/
http://www.shadowstats.com/
http://www.economy.com/dismal/
http://www.trendsresearch.com/
http://fofoa.blogspot.com/2009_12_01_archive.html
http://www.prudentbear.com/
http://www.leap2020.eu/
http://mises.org/
http://www.xe.com/
http://www.theenergyreport.com/

Is a list of a few of the websites that are worthy of attention and regular visits to maintain currency with the big picture (as well as the rest of the world)...

A reliable and credible voice in the middle-east and Asia can be found here
http://www.aljazeera.com/
http://english.aljazeera.net/
http://news.bbc.co.uk/2/hi/south_asia/default.stm
http://timesofindia.indiatimes.com/default1.cms
http://www.bangkokpost.com/

Keeping informed on all sides of opinion is the best way to survive....

 

http://www.kingworldnews.com/kingwo...ies/2009/12/11_Lord_Christopher_Monckton.html

http://www.kingworldnews.com/kingwo...12/11_KWN_DailyWeb__12_11_09_-_Articles+.html

http://www.kingworldnews.com/kingwo...9/12/10_KWN_DailyWeb__12_10_09_-_Videos+.html

http://www.kingworldnews.com/kingworldnews/Gold.html

 

http://news.silverseek.com/SilverSeek/1260816780.php "Extreme Speculation - - By: Theodore Butler" - - - a scary postulation that has its base rooted in fact and manipulation that must be sorted out sooner rather than later...

http://www.roubini.com/analysis/91695.php - - - not released to the non-paying public yet
http://www.gata.org/node/8149 "Nouriel Roubini thinks he knows nearly everything about gold" with links to other rebuttals in part or considering the whole of the Roubini essay http://www.fgmr.com/barbarous-relic-its-not-what-you-think.html "The'Barbarous Relic' - It's Not What You Think" = reply #1
http://www.zerohedge.com/article/roubini-blasts-barbarous-relic-recommends-spam-over-gold - - reply #2
rebuttal #3 is attached "QBAssetManagement-12-14-2009.pdf"

 

http://www.financialsense.com/fsu/editorials/holmes/2009/1214.html
http://www.financialsense.com/fsu/editorials/vermeulen/2009/1214.html
http://www.financialsense.com/fsu/editorials/long/2009/1214.html "What's Really In Fort Knox?" - - An old movie set for a "James Bond" conspiracy? - - Jokes aside, an interesting case that should be explained if the FED is audited...
http://www.financialsense.com/fsu/editorials/coffin/2009/1214.html
http://www.financialsense.com/editorials/cederholm/2009/1214.html
http://www.financialsense.com/editorials/quinn/2009/1214.html
http://www.financialsense.com/editorials/navarro/2009/1214.html
http://www.financialsense.com/Market/wrapup.htm "Implications Stemming From Copenhagen"

 

http://www.caseyresearch.com/displayCdd.php?id=299 "Casey's daily dispatch - The Climate Change Circus"

http://www.financialsense.com/fsu/editorials/schiff/2009/1214.html "Mission Not Accomplished"
http://www.financialsense.com/fsu/editorials/clark/2009/1214.html "Gold Crash - - - Deja Vu All Over Again"
http://www.financialsense.com/editorials/droke/2009/1214.html "The cult of non-participation revisited"
http://www.financialsense.com/economy/nolte/2009/1214.html "NOLTE NOTES - - - Watching the Snow Fall"

 

Here is a copy of part of an email that just arrived ::: from The Daily Reckoning in Melbourne...

""" The Daily Reckoning Presents: You've heard of what happens when a butterfly flaps its wings on one side of the Pacific, right? Now, let us consider what might happen when a Helicopter Fed Chairman churns his blades around the world's most influential reserve bank. Tidal waves are only the beginning...

In today's column, resident value investor and part-time financial historian, Chris Mayer, talks us through some uncommon investor wisdom and offers a few recommendations from his own bookshelf...

The Yellowstone Syndrome
by Chris Mayer

Most people in finance operate under a giant self-deception: they think future economic trends are much more knowable than they actually are.

The economy is like a complex ecosystem. You cannot alter one piece of it without causing effects elsewhere in the system. Investors who understand this reality can also understand (and avoid) the hazards of over-confident investing.

Our discussion begins in Yellowstone National Park. In the late 1800s, Yellowstone's game population - its elk, bison, antelope and deer - began to disappear. So in 1886, the US Cavalry took over management of the park. And its first order of business was to help bring back the game population.

After a few years of protection and special feeding, the game population started to come back strong. But what the government didn't understand was that it was dealing with a complex ecosystem. You can't just change one thing and think that it won't also lead to cascading changes elsewhere.

The surging elk and deer populations ate a lot more. This caused the plant life to diminish. Aspen trees, for instance, started to disappear, eaten by the numerous elks. This hurt the beaver population, which depended on the aspen tree. The beavers built fewer dams. The beaver dams were important in helping prevent soil erosion by slowing the flow of water from the spring melt. Now the trout population took a hit, because it didn't spawn in the increasingly silted water. And so on and so on...

The entire ecosystem started to break down because of man's desire to boost the elk population. It got worse. In the winter of 1919-1920, more than half of the elk population died - with most of them starving to death. But the National Park Service chalked it up to predators. So it began killing wolves, mountain lions and coyotes - all of which only made the problems worse.

This anecdote from Yellowstone's past comes from Michael Mauboussin's book, Think Twice. He writes: "The population of the game animals began to experience erratic booms and busts. This only encouraged the managers to redouble their efforts, triggering morbid feedback loops."

By the mid-1900s, the Park Service managed to kill off nearly all of the predators. In 1926, it shot the last wolf.

This experience in Yellowstone sounds a lot like what's happening in our economy today. Congress and the Federal Reserve are so busy "rescuing" specific pieces of the economy that they fail to realize how these efforts are threatening other pieces of the economy.

Our government has propped up the auto manufacturers. It's propped up numerous banks, mortgage lenders and the world's biggest insurer, AIG. But the rest of the economy is still swooning.

In fact, portions of the government's rescue efforts are contributing to the economy's difficulties. Because the Fed is supplying so much credit at such low rates of interest to the big finance companies, these finance companies can make a lot of money by simply buying Treasuries, rather then lending to businesses. The result is that most small and mid-sized companies cannot get loans. If the Fed's did not supply credit so inexpensively, the banks would be forced to loan to businesses.

Unintended effects like this one produce unintended effects elsewhere, and before you know it, cause and effect are hard to discern...or to explain accurately. "Yet our minds are not beyond making up a cause to relieve the itch of an unexplained effect," Mauboussin writes. "When a mind seeking links between cause and effect meets a system that conceals them, accidents will happen."

That's why so many so-called experts are so often dead wrong. They think that know what's causing what. But they don't.

For instance, there is no shortage of financial experts who will tell their clients to put 15% of their portfolio here and 10% there or whatever. And these experts will have definite opinions on each of their recommended mutual funds. This one is better than that one. They'll give numbers. It will seem very concrete and real and "expert."

But guess what? Almost all the experts produced an identical 35% loss for their clients in 2008.

If an investor hopes to minimize or avoid losses of this magnitude, they must understand that economies are complex adaptive systems - replete with feedback loops and black swans and power laws. Investors must approach the future with humility. And that means fearing risk more than craving reward. A humble investor will also insist on a margin of safety in each investment.

I don't write about this philosophy very much, because it is kind of wonky. But these ideas inform how I look at markets, and are one reason why I try to stay rooted in boots-on-the-ground-type thinking and present-day facts.

I've been influenced by a number of thinkers about the unpredictability of economies and markets. A couple of my favorites would be Nassim Taleb, author of Fooled by Randomness, and Benoit Mandelbrot, author of The (Mis)behavior of Markets. Another useful book on these ideas is Mauboussin's More Than You Know. Mandelbrot writes a lot of highbrow stuff, but in this book he teamed up with Richard Hudson, a former Wall Street Journal editor, to reach a broader audience. Mandelbrot is a critically important thinker in finance. But he is not revered by academics.

As Paul Cootner, an MIT economist, put it: "If [Mandelbrot] is right, almost all of our statistical tools are obsolete. Almost without exception, past econometric work is meaningless." So there you go. Academics ignore him because if he's right, academia is pretty much a farce. Academics won't embrace Mandelbrot's ideas because their salaries depend on them not embracing those ideas.

So if you think that academia might be promoting a farce - for the first time ever, of course - you might want to examine Mandelbrot's ideas in more detail.

Regards,

Chris Mayer
for The Daily Reckoning Australia

Editor's Note: Chris Mayer studied finance at the University of Maryland, graduating magna cum laude. He went on to earn his MBA while embarking on a decade-long career in corporate banking. Chris is the editor of Capital and Crisis and Mayer's Special Situations, a monthly report that unearths unique and unconventional opportunities in smaller-cap stocks. """

 

Elmo, a nice sketch and possibly a truer representation of the situation inside USA than you intended and equally applicable to the rest of the world as an effective metaphor of the feeling of many external to the USA... whose work? attribution would be nice for the artist...