Global economic situation for liveaboard cruising yachties

[Zed]

The economic situation is the economic situation, living a board or not! My posts are a relevant as Mas's soooo?

If I where in the US I'd live on a boat, just in case I felt the need to leave... South would be attractive! but thats just me.

Worse, oh yeah! This is just the opening salvo's, the war is only just begun... sadly!

Peter gets a bit political at the end... sorry about that!

Cheers
Z

[Zed]

U.S. Inflation to Approach Zimbabwe Level, Faber Says

``May 27 (Bloomberg) -- The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said.

Prices may increase at rates “close to” Zimbabwe’s gains, Faber said in an interview with Bloomberg Television in Hong Kong. Zimbabwe’s inflation rate reached 231 million percent in July, the last annual rate published by the statistics office.``

More...

[Zed]

Can science reinvent the economy?

Why reinvent when there is a branch of ecnomics that gets it right...

The Austrian School

The only drama is we never like the message very much! Its just like those dietitians that say eat right and exercise we love to ignore the advice. Bending the rules and thinking we are getting away with it is a very human activity... to the point that large swaths of government contest the rules simply because its easier to get elected by being a sugar daddy than a disciplinarian. In our hearts we know the path to success in most things is discipline and focus.... yet we never buy it come election time! The problem with economics is politics, build a system that separates them sufficiently and you will see success ---> wait a second, isn't that the way the the US worked in the olden days? What ever happened to the whole thing? Oh yeah years and years of promises from politicians to use other peoples effort to give YOU something for nothing! In the end we can't all have something for nothing can we?

Maybe the fuzzy logic super computers will eventually work out that the Austrians are on or at the least very near the money! Maybe then we will listen.... nahhhhhhhhhhhhhhhh!

[masalai]

mydauphin,
LOTS WORSE, especially if the thugs of Wall St are not reigned in and the markets are allowed to act as markets of free and fair exchange, which will never happen whilst US corruption continues....

Zed,
would it be possible to copy&paste the link 'naked' and your comment separately as sometimes it is difficult to load and to have the actual link makes live a bit easier, also could you post all in one post as opposed to a lot of short brief comments in many posts, as the default is 15 posts per page and finding one person has filled a page with his own posts on the same day does not make life easy for some of us ancient retards.... Thanks...

Austrian School
From Wikipedia, the free encyclopedia

The Austrian School (also known as the “Vienna School” or the “Psychological School”) is a heterodox school of economics[1][2] that emphasizes the spontaneous organizing power of the price mechanism. It holds that the complexity of subjective human choices makes mathematical modelling of the evolving market extremely difficult (or "undecideable") and advocates a laissez faire approach to the economy. Austrian School economists advocate the enforcement of voluntary contractual agreements between economic agents, but otherwise caution against the imposition of coercive force (especially coercion by government fiat) on commercial transactions.

Although often controversial, the Austrian School was influential in the early 20th century and was for a time considered by many to be part of mainstream economics. Though it is currently not viewed as part of mainstream economic thought, Austrian economists are the most cited economists by Nobel Prize winners in economics during the Nobel Prize lecture.[3] The Austrian School derives its name from its predominantly Austrian founders and early supporters, including Carl Menger, Eugen von Böhm-Bawerk and Ludwig von Mises. Despite this name, supporters and proponents of the Austrian School can come from any part of the world, and there are now few Austrian School economists of Austrian nationality. Prominent Austrian School economists of the 20th century include Joseph Schumpeter, Henry Hazlitt, Murray Rothbard, and Nobel Laureate Friedrich Hayek.

Austrian School economists advocate strict adherence to methodological individualism – analyzing human action from the perspective of individual agents.[4] Austrian School economists argue that the only means of arriving at a valid economic theory is to derive it logically from basic principles of human action, a method called praxeology. Proponents of this method hold that it allows for the discovery of fundamental economic laws valid for all human action. Alongside praxeology, the school has traditionally advocated an interpretive approach to history to address specific historical events.[5] Critics of the method contend that it lacks scientific precision, as it eschews formal mathematical models and uses verbal logic instead.[6]


A response to the Geithner speech to the Chinese..... http://financialsense.com/fsu/editor...2009/0602.html
The monetization news dealt a powerful blow to global confidence in the US financial system generally and the USDollar specifically. The $1 trillion monetization will be repeated, and even become a quarterly event, much like a constant sub-surface flow of water to remove a foundation built upon sand.

The trip to China by USDept Treasury Secy Geithner should be viewed as a key reassurance to these important creditors, later to be viewed as a betrayal. The Chinese audience responded with loud laughter when Geithner assured them that their $2 trillion in savings was safe and secure. This was a national humiliation event, as Geithner has been muzzled. If only the USCongress had such broad wisdom and deep courage to laugh when Goldman Sachs henchmen ‘(Made Men’) from the syndicate gave regular speeches laden with deception and rationalizations for their continued fraud. Then again, the Chinese audience is not on the receiving end of graft and bribery, nor the object of revolving doors.

When you try to reassure business leaders that their US$2trillion investment in USA is safe and the audience laughs at your reply you have LOST ALL CREDIBILITY as a country.... - Final quote from this source - "...The $1 trillion monetization MUST BE REPEATED, and even become a quarterly event...." - If anyone feels the US economy will recover they are MAD and certifiable as such....


Absorb this and face a new reality - http://financialsense.com/fsu/editor...2009/0603.html


an opportunity to "save yourself" ? http://financialsense.com/fsu/editor...2009/0603.html

The writing is on the wall, or - '...The moving hand, having writ, moves on...' an essay on cycles and repeats in summary is - http://financialsense.com/editorials...2009/0604.html

and, a different sort of "China syndrome" option here http://financialsense.com/editorials...2009/0604.html - That is a message you should learn - manufacture offshore to seek greater profits and you loose the game - PERIOD....

[Zed]

Mas,

The flash player should load quite quickly is it should be local, really the only thing loading is one frame, the equivalent of a small picture. It loads quickly for me or in the case that youtube is down, not at all, but the page comes down just as fast, missing the clips obviously. I'd suggest that you have an issue local to your machine if they are causing problems. As for watching, the content is served direct from youtube so there is no difference between viewing here and there.

I post as I find and read, if it is not to your liking I will stop, organising a daily post is too much like work.

[masalai]

Post by all means but post the link - I use Linux and some of the direct calls to the cpu that windows allows Linux don't - better security and more robustness and NO VIRUSES - just some compatibility issues with unix like OS'es - If I load via a link I have no hassles as my version of flash is used...

Also, see how I post cheeky comments - gives readers an idea what is there and I can have a bit of fun stirring ostriches and other "heads in sands of denial types"

[Zed]

The only other explaination would be if BigPong throttles youtube content, there are cheaper and better, churn lad churn, look at exetel for some excellent value with FREE churn at the moment.

http://www.exetel.com.au/a_plan_pricing_new.php

Node are also good!

http://www.internode.on.net/resident...ndard/pricing/

Anybody but the pong!

http://bc.whirlpool.net.au/bc/?action=search

I dunno what deal you have but...............................?

[masalai]

The ONLY choice where I live is 'pigbond' or isp's that use that service - True - land-line, cell-phone - all only via 'pigbond' and in a new and popular sub-divisional area - even landlines are scarce.... A bloody stupid situation but true - - - Sol tried, but gave up in disgust, possibly because he found out that our govt & bureaucrats are even more retarded than 'big-brother'...

[Zed]

I doubt that Mas, if you have ADSL1 (i.e. you have a line and a port at the local exchange) already any of the majors should be able to service you, its normally just a matter of changing your line codes. If you have dialup well, then its true what they say about QLD being ten years behind! I have relatives in a small country town and they have followed me to every new ISP on ADSL1, location has never been an issue. The local network backbone is the same, yes, but the service provider can make ALL the difference depending how they are hooked up and how they manage their traffic.

[masrapido]

aufstralians, that's enough now...back to the subject.

(yeah...about that...what was the subject...?)

[Zed]

The failure of silly **** socialist ideas... go for it bosrapido

[masrapido]

I'd go for you if I didn't have a strange feeling you are familiar nuissance. mark springs to mind. and since you are unhappy with capitalism as well, see your last billion posts, you seem to have identity crisis. Shitty stupid capitalism does that to people. Fucks their brains inside out. Makes them think they know what they are "talking" about.

Something fast will be hot chips when capitalist utopia comes to a crushing end.

Wait, that is already happening!

We need an icon for a finger here...

[masrapido]

This could do the trick, but I am not telling you where to look for the finished products. I prefer to watch you sink alonk (you like the rhyme?) with your utopias.

(Hydrofoil, 11 metres, 250kW turbo diesel, by order only, internals individually designed. I think the price is about 630K euros)

[masrapido]

Originally Posted by masalai

The ONLY choice where I live is 'pigbond' or isp's that use that service - True - land-line, cell-phone - all only via 'pigbond' and in a new and popular sub-divisional area - even landlines are scarce.... A bloody stupid situation but true - - - Sol tried, but gave up in disgust, possibly because he found out that our govt & bureaucrats are even more retarded than 'big-brother'...

Masalai, Sol Tacos and Nachos most likely cut the services further from what they were already. That is what he is known for. He reduced three us states telephone markets to a couple of cities because "his" shareholders need a solid return. Him and his two stupid cronnies explained that "market-driven decision" with the statement that they were not a "public service" to people. They were only responsible to their shareholders. Not enough customers for lines (mobile or land), all services get the cut.

But you would have to like his parting shot at Australia... You gave him millions and he says what?

[Zed]

Come on Mr Pido... go for it, I need a laugh!