Global economic situation for liveaboard cruising yachties

[bntii]

Tenth contract in a row turned down flat.

I have the templates made up for the vacuum panels to made for the ice box.

Other projects coming along and today will be off on the water sailing around a bit.

A lovely timber Rhodes yawl went through E-bay:



Have you taken a look at these guys M?

http://www.solomontechnologies.com/m_recreational.htm

[masalai]

Nice boat for you, but I am building my cat and have reserves to complete that at the present... Have you seen my build thread (click on the link in my "signature"

Solomon is basically for mono's or through hull assembly - I have gone with Torqeedo 4.0R "outboards" at 4KVA each max each using 48VDC supply for engines and house... I need a 48VDC diesel battery charger that can push about 6KVA continuous (8KVA peak for 30 to 60minutes)

I would do a lot better if the USA (ben bernanke) would stop meddling in economic manipulation as the man is clueless and stupid and screwing the average usanian as well as the rest of the world, which is manoeuvring to dump on USA because of the shenanigans being played by the thieves of wall st...

[masalai]

Stop it, We will be ruined by this stupidity - - - - OTC Dark Derivatives

As Deepcaster has pointed out on several occasions, the explosion of over-the-counter (i.e. not exchange traded and therefore “dark”) derivatives, now total $683 Trillion, according to the last accounting by the Bank Of International Settlements (The Central Bankers Bank). This dwarfs the nearly $60 trillion in current notional value of Exchange Traded (i.e. publicly traded) derivatives. Taken together there are nearly three-quarters of a quadrillion in Derivatives outstanding. Note that this “Dark” Market is ten Times larger than the public Market!

That is over ten times the amount of the entire Annual Global Product. Yet OTC Derivatives are not publicly traded. Therefore, if a substantial number of parties to those derivatives default as they began to do in 2008, we have increasing Systematic Risk.

Yet as Deepcaster pointed out in his January, 2009 Letter available at www.deepcaster.com. These derivatives and infusion of money and credit provide two significant opportunities for profit, provided one can reduce the inherent risks:

1. A chunk of the massive infusion of tremendous amount of paper into the market via the stimulus and Bailouts is available to purchase equities (witness the recent Bear Market Rally) and other goods (albeit not without risk). Investors can make substantial profits if their timing choices are right, and provided they take profits when they have them. This is essential given the hyperinflationary effect of the vast expansion of Money and Credit.
2. The ever-increasing value ($683 trillion plus as of June, 2008) of Dark Derivatives has for several years allowed massive ongoing Overt and Covert Market Interventions in Most Major Markets by the Fed-led Cartel* of Central Bankers and agents and allies. These Interventions leave “Tracks” which allows the generation of “Interventionals”. Analyzing these Interventionals’ “Tracks” is essential to successful investing and trading in today’s markets, notwithstanding a traditional reliance (still justified, except when The Interventionals override them) on fundamentals and technicals.

*We encourage those who doubt the scope and power of Intervention by a Fed-led Cartel of Key Central Bankers and favored financial institutions to read Deepcaster’s December, 2008 Letter containing a summary overview of Overt and Covert Intervention entitled “A Strategy for Profiting from the Cartel’s Dark Interventions & Evolving Techniques” and Deepcaster’s July, 2008 Letter entitled “Market Intervention, Data Manipulation - - Increasing Risks, The Cartel ‘End Game’, and Latest Forecast” at www.deepcaster.com. Also consider the substantial evidence collected by the Gold AntiTrust Action Committee at www.gata.org for information on precious metals price manipulation. Virtually all of the evidence for Intervention has been gleaned from publicly available records. Deepcaster’s profitable recommendations displayed at www.deepcaster.com have been facilitated by attention to these “Interventionals.”

[masalai]

Oh ****, It is fast approaching - America's day of reckoning http://www.midasletter.com/commentar...unce-again.php - - read and be prepared or, deny and weep.... The die is cast, the timing is at the discretion of others... As recognised and foretold by your own people who stay attuned to world events and ignore motherhood statements for the domestic sheep and ostriches who seem to bleat too loudly...

"...The United States, overextended militarily across the Middle East and Asia, with new fronts threatening to open in Iran and Pakistan, is perilously close to an international nervous breakdown. China’s opportunity is to ride to the rescue bearing smiles and steamed pork buns while dividing up what is left of the American industrial asset pool.

Our leadership of the last decade (or more accurately, absence thereof), eager to lubricate the workings of multinational financial interests, have inadvertently played into the patient hands of their biggest creditor by prostituting the national currency shamelessly to the point where every nation in the world can see what used up piece of spent jet trash the old USD has become.

While mainstream media dismisses the idea of the Yuan replacing the dollar as the international monetary standard, those of us who have tuned out at the perception management program on CNN recognize the event as halfway accomplished.

The truly explosive moment for gold will occur when the Chinese, at their discretion, decide to spring the trap, and abandon USD completely in favor of gold, suddenly spiking the price of gold straight north in tandem with the complete collapse of the U.S. dollar..."

[masalai]

A message contained in one of my subscriptions, which I hope the author will regard as promotion rather than adverse copying...

"...Evil in principle or practice; deviating from morality; contrary to the moral or divine law; addicted to vice or sin; sinful; immoral; profligate

To put it in the most basic terms, what has happened in this country in the last decade is that evil wicked people have attained positions of power in government, banking, and industry and have committed sins against humanity for their own glory and enrichment. Those who should have stood up to these evil doers are just as guilty as the engineer driving the train to Auschwitz. Albert Einstein understood this danger:

“The world is a dangerous place to live; not because of the people who are evil, but because of the people who don't do anything about it.”

There have always been evil people. Adolf Hitler, Joseph Stalin, Bernie Madoff, Dennis Kozlowski, Charles Manson, Charles Keating Jr., Joe McCarthy, Jeff Skilling, Bernie Ebbers, Jim Jones, Michael Milken, and Ivan Boesky come to mind. Some committed horrendous atrocities, others stole billions, others destroyed reputations, and others lived lives of decadence and immorality. The reason they are all household names is because they were able to commit their crimes because other people didn’t do anything to stop them. All of these men could have been stopped if citizens, coworkers, auditors, Prime Ministers, government regulators, Boards of Directors, Congressmen, or family members had been brave enough and moral enough to make a stand against their evil deeds. The one and only poem that ever made an impression on me in high school was The Hangman by Maurice Ogden. Below are the last stanzas. Evil can only flourish in society if we allow it to flourish. A society united against wickedness, dishonesty, corruption and wantonness could stand the test of time. I’m afraid our Great American Republic has allowed evil to flourish, and the hangman’s scaffold has grown to enormous proportions..."

http://theburningplatform.com/econom...r-the-wicked-1

[Boston]

nice boat B
I take it they didnt like your offer
tragic
that is a nice boat

oh
got my ass kicked in the market today
would have gotten back to net zero had I waited it out but I took the .25% loss and called it a day
haven't even looked at were the market ended up but I got in at 907.3 I think it was, sds and it kept rising through the trend

had one small job rebuilding a porch last week and have a larger one with potential to work on the whole house next week
assuming they like the work on the porch ( I got a good shot at em since I did there neighbors house and they liked my designs and workmanship on that one )
might help me get a little closer to my Elco steam cruiser
best to all
B

[bntii]

Hey Boston-
I didn't bid on this one. Just watched noticed with interest. I am a big fan of these Rhodes designs as I own one and know first hand what fine sailing boats they are.

I got the traveler I ordered and have spent today getting it all set up. Lots of nice new gear- the mainsail gear will be great.

I have taken a few days away from the markets. I was making $ but it was stressing me out to much so I needed a break.

Looks like GM in going into chap 11 so I am looking to play the dip on LEA & see if there is similar action with some of the other suppliers.

[masalai]

Boston & bntii, is this of interest to you high flyers? http://financialsense.com/fsu/editor...2009/0527.html see that the US$ continues to fall faster and faster...

This one caught my eye - brief but lots to digest "between the lines" http://financialsense.com/fsu/editor...2009/0527.html

"False Confidence" is a dangerous proposition, similar to sitting on a knifes edge, any movement and instant pain & collapse - http://financialsense.com/fsu/editor...2009/0527.html

Other than those fatuous trinkets, the markets seem to be full of "motherhood statements", diversionary tactics leading to a circular argument on nothing, or utter banal crap.... When is America going to hoist the economic leaders up to the top of an appropriately directed flagpole for all their diligent thieving from the average Joe Citizen...?

[masalai]

Is this to be part of the final warning to COMEX where massive short selling positions could precipitate total disaster for the US economy..?.. http://financialsense.com/fsu/editor...2009/0528.html it is presented sort-of as tongue-in-cheek teasing/humour but in essence is deadly serious with outcomes demonstrating the term "extreme prejudice".... as most of the rest of the economic world is extremely pissed off at the lies, deception, fraud, blatant theft and other crimes allowed and condoned by the American (lack of) justice system...

Confirmed by a different researcher here http://financialsense.com/editorials...2009/0528.html

[Boston]

I was just watching the market today
not really trading as I got stung yesterday so I wanted to observe for a bit and see what I can see
these last few weeks have reveled a top in the trend towards improvement in the market
I gotta wonder if all that artificial stimulus isnt starting to fizzle out
after all the whole recovery is on borrowed money isnt it
next few weeks could get interesting

mas Ill try and read through all you provide

I stirred em up pretty well over on the ecology pages eh
funny how folks who insist on staying behind the times are so sensitive to being told so
takes all kinds eh

[Zed]

You "day trade"? Oh why does that not surprise me! Best of luck old bean!

[bntii]

Got burned on one of my autos..

10k profit to a 4k loss in the blink of an eye.
They went into chap 11 at 2:30 am this morning and the game was up by the time the markets opened.
Hoping for a bounce to get out but it don't look good.

I am spending another day working on the boat tomorrow and then sailing this weekend- beer and broads then back at it next week..

You have a great background on ocean ecology B. I have a bunch of course work under my belt but just have been watching out of the corner of my eye as things develop.

Life teaches one that things change.. the changes I have seen in the coastal areas near me have been all declines. I have lost some of the richness in the sea which got me hooked on the ocean and sailing.

[masalai]

Look out COMEX is due to implode as shorts are bloody ridiculous [US Gov't et al trying to keep commodities down and paper (US$) up - definitely a loosing battle].... everything paper is due to be wasted as "fantasy land" is about to burn out... be ready to park into tangibles (NOT PAPER for/representing tangibles - go only for the actual stuff and hold it in your own hands)...

[masalai]

You should know by now, 'tis Saturday and my selection of economic information, posting that which will give a true picture of your nations/the worlds sickness status - The "Doctor" has consulted the runes, his crystal balls, the liquid crystal screens, looked skywards and sniffed the air and proclaims thussley: - - - - - - from here http://financialsense.com/fsu/editor...2009/0529.html this offering:-

"... Consider the following Real Numbers from shadowstats:
- - U.S. Consumer Price Inflation (CPI) actually averaged about 11% annualized for much of 2008, rather than the 5% to 6% figures, which have been reported as Official Statistics. Thus, the consumer must cope with diminished purchasing power and the threat or reality of job loss.
- - Though Official Figures show CPI dropping to 0% in early 2009, the Real early 2009 numbers reveal that CPI was still about 7% annualized.
- - U.S. Unemployment has (according to Official Numbers) been ranging 4% to 6% from 1995 to 2007, spiking “only” to about just under 7% in late 2008 and 8% in early 2009. In fact, Real U.S. Unemployment in 2009 now about 20% and is still increasing. (shadowstats.com) Thus the consumer (70% of U.S. GDP, we reiterate) is increasingly unemployed, under-employed, and indebted.
- - As well, the Delusion of Economic Growth claimed by Official Statistics is just that - - a Delusion. Real GDP growth has been negative since 2004. Indeed, in early 2009 GDP “growth” is a negative 5%. (shadowstats.com) Thus the consumer is faced with a deteriorating economy, as well as diminishing job prospects and purchasing power.
- - As well, the 2008 U.S, Federal Deficit, rather than being about $1 trillion as reported officially, is over $5 trillion if one includes Social Security and Medicare. And, if downstream-unfunded U.S. obligations are included, the U.S. National Debt is about $66 trillion and rising!
- - Knowing these Real Numbers facilitated Deepcaster’s recommending “Opportunities in the Impending Perfect Storm” - - the title of his early September, 2008 (pre-Crash) Article warning of the impending Crash (available in the Articles Cache at www.deepcaster.com) and his making five short (and subsequently quite profitable) recommendations to subscribers at about that time..."

- - - Go the and subscribe

[masalai]

From the same site, this is CRITICAL ADVICE and IMPORTANT information that should have your attention and action.....

A major premise of The Strategy is that one can certainly remain a Hard Assets Partisan (as Deepcaster is) while at the same time insulating oneself somewhat from future Takedowns. The following points provide an outline of The Strategy (particularly as applied to the Gold and Silver Markets) and are designed to help avoid Portfolio unpleasantness, or even possible financial ruin, in the future, as well as to profit along the way:

1. Recognize that The Cartel is still Potent, as difficult as that may be psychologically for Deepcaster and other Hard Asset Partisans to acknowledge. The Cartel is still the Biggest Player in many markets and, if the timing and market context are propitious, the Biggest Player makes Market Price. In addition, The Cartel has the advantage of de facto controlling the structure and regulation of various marketplaces and that is a tremendous advantage; just as the Hunt Brothers years ago discovered much to their dismay and misfortune, when they tried to corner the Silver Market.
2. Accumulate Hard Assets near the Interim Bottoms of Cartel- engineered Takedowns.
3. In order to know when one is likely near the bottom of a Cartel-generated takedown, it is essential to take account of the Interventionals as well as the Technicals and Fundamentals. Paying attention to the Interventionals facilitated Deepcaster recommending five short equities positions as of early September (just before the Fall Crash) all of which we subsequentially recommended be liquidated profitably.
4. For example, regarding Gold & Silver, near such Interim Bottoms, accumulate a combination of the Physical Commodity (Deepcaster prefers “low premium to melt” bullion coins) and well-managed Juniors with large reserves. (Deepcaster provides a list of such Junior Candidates in our December 20, 2007 Alert “A Strategy for Profiting from Cartel Intervention” available in the Alerts Cache at www.deepcaster.com.) The “Physical” and “Juniors” are for holding for the long-term as a Core Position.
5. Then, to the extent one wishes to speculate on the next “long” move, one should buy the major producers or long-term call options on them. These latter positions are for ultimate liquidation at the next Interim Top and are not for holding for the long-term.
6. However, there will be a time when The Cartel price capping is ineffective and Gold & Silver make record moves upward. The benefit of this Strategy is that one will likely be long in one’s speculative positions when this happens.
7. Near the next Interim Top, liquidate the long options and majors. Again, in order to know when we are close to the next Interim Top, it is essential to monitor the Interventionals, as well as Fundamentals and Technicals.
8. Near that Top, sell short or buy puts on Majors. We re-emphasize the Majors as preferred vehicles for trading positions because such positions are more liquid and tend to be quite responsive to Cartel moves.
9. Near the next Interim Bottom, cover your shorts and liquidate your puts and go long again to begin the process all over again. We emphasize that it is essential to consider the Interventionals as well as the Fundamentals and Technicals in order to determine the approximate Interim Tops and Bottoms.
10. Finally, Hard Assets Partisans have the opportunity to become involved in Political Action to diminish the power of The Cartel. It is truly outrageous that the average unsuspecting citizen, and prospective retiree, can and does put his hard won assets in Tangible Assets and/or Retirement Accounts only to have those assets effectively de-valued by Cartel Takedowns and other Cartel actions. This is extremely injurious to many average citizens in many countries who are saving for the rainy day or retirement and have their retirement and/or reserves effectively taken from them. In order to help prevent this and similar outrages, we recommend taking three steps:

1. Become involved in the movement to Audit and then abolish the private-for-profit U.S. Federal Reserve as Deepcaster, former Presidential candidate Rep. Ron Paul, and legendary investor Jim Rogers, all have advocated. The ‘Audit The Fed’ Bill is H.R. 1207 (and has over 180 co-sponsors); and The Abolish The Fed Bill is H.R. 2755.
2. Join the Gold AntiTrust Action Committee, which works to eliminate the manipulation of the Gold and Silver markets (www.gata.org). GATA is a non-profit organization, which makes a great contribution by gathering evidence regarding the suppression of prices of Gold, Silver and other commodities.
3. Work to defeat The Cartel ‘End Game.’ Deepcaster has laid out the evidence regarding the Ominous Cartel “End Game.” Clearly The Cartel is sacrificing the U.S. Dollar to prop up Favored International Financial Institutions and to maintain its power. But this sacrifice cannot continue forever. See Deepcaster’s July 2008 Letter in the ‘Latest Letter’ Archives at www.deepcaster.com.