Global economic situation for liveaboard cruising yachties

[masalai]

Bamby, so true - even applies to me... good points to remember - - "You must spread some Reputation around before giving it to Bamby again." sadly I am constrained for the present time...

Boston, I LOVE IT, any chance of authentication and perhaps the method he used and relevant data applied? bloody magic.... "You must spread some Reputation around before giving it to Boston again"

Justice prevails... at last - pity he didn't thrust the idiots hands into the fire - inhibit him from doing it again? (sorry - got quite carried away there, but I remained cool and calm - is that bad?)

[Boston]

go check out the Venus project
or zeitgeist addendum the google video
Im surprised you have not already seen it Mas

if you need a link
sing out

B

[masalai]

First couple of minutes was longer than my attention span would allow of the original Zeitgeist movie, second viewing - will watch again one day but of no real importance at present (some of my views are countered and some are affirmed) - saw the movie quite some time ago...

[masalai]

Casey's Daily Dispatch, subscribers@caseyresearch.com "...Broken Windows Everywhere

These days, you can’t pick up a paper, turn on the TV, or surf the Internet without being bombarded by economic fallacies -- gaping holes in logic that not only go uncontested by the masses but are absorbed and regurgitated by them.

Take this gem of a headline and lead-in written by a “senior writer” for CNNMoney.com yesterday:

Cash for Clunkers: Real stimulus

The boost to auto sales caused by the government trade-in program should lead to increased production from Detroit. That would have a big ripple effect.

Here we see by far the most common of all economic fallacies – the fallacy from which many others stem. It is the fallacy of overlooking secondary consequences, also known as “The Broken Window Fallacy.”

To quote Henry Hazlitt’s Economics in One Lesson:

Let us begin with the simplest illustration possible: let us, emulating Bastiat, choose a broken pane of glass.

A young hoodlum, say, heaves a brick through the window of a baker's shop. The shopkeeper runs out furious, but the boy is gone. A crowd gathers, and begins to stare with quiet satisfaction at the gaping hole in the window and the shattered glass over the bread and pies. After a while the crowd feels the need for philosophic reflection. And several of its members are almost certain to remind each other or the baker that, after all, the misfortune has its bright side. It will make business for some glazier. As they begin to think of this they elaborate upon it. How much does a new plate glass window cost? Fifty dollars? That will be quite a sum. After all, if windows were never broken, what would happen to the glass business? Then, of course, the thing is endless. The glazier will have $50 more to spend with other merchants, and these in turn will have $50 more to spend with still other merchants, and so ad infinitum. The smashed window will go on providing money and employment in ever-widening circles. The logical conclusion from all this would be, if the crowd drew it, that the little hoodlum who threw the brick, far from being a public menace, was a public benefactor.

Now let us take another look. The crowd is at least right in its first conclusion. This little act of vandalism will in the first instance mean more business for some glazier. The glazier will be no more unhappy to learn of the incident than an undertaker to learn of a death. But the shopkeeper will be out $50 that he was planning to spend for a new suit. Because he has had to replace a window, he will have to go without the suit (or some equivalent need or luxury). Instead of having a window and $50 he now has merely a window. Or, as he was planning to buy the suit that very afternoon, instead of having both a window and a suit he must be content with the window and no suit. If we think of him as a part of the community, the community has lost a new suit that might otherwise have come into being, and is just that much poorer.

The glazier's gain of business, in short, is merely the tailor's loss of business. No new "employment" has been added. The people in the crowd were thinking only of two parties to the transaction, the baker and the glazier. They had forgotten the potential third party involved, the tailor. They forgot him precisely because he will not now enter the scene. They will see the new window in the next day or two. They will never see the extra suit, precisely because it will never be made. They see only what is immediately visible to the eye.

So it is with the aforementioned “Cash for Clunkers” program. What is seen is people trading in old cars and buying new ones. What is unseen is the lost business that will never take place because wealth has been transferred from taxpayers to car buyers. The money taken from taxpayers can’t be used for other things.

As an aside, I want to point out how appropriate the title to this piece is. You see, the “Cash for Clunkers” program requires that trade-ins be scrapped – literally breaking windows everywhere...."

The rest can be found somewhere hereabouts... http://www.boatdesign.net/forums/ope...n-28534-9.html

[HanVan]

Hi all:

New here-the first post of not too many.
I'm sure I'll get hate emails,or someone telling me I'm such and such.
And that's OK.

Myself,I'm a market trader in several instruments.
Have spent many hours educating myself,countless hours trading,taken many risks,made many sacrifices,and I do very well.

Good news or bad,I make money.
If whichever currency weakens or strengthens,I profit.
If any market moves any way,I make money.

I'll admit I have only skimmed through a few of these pages,as it would just take too much of my time.
But reading the underlying currents of anger,and corruption etc. it occurs that this may be a great stress reliever.
Which is great.

And it's great to bring new to the light.

But don't many of you have anything better to do?

Go out on your boat,spend time with your kids,take the wife out,ride your bike,get some exercise,educate yourself so you have less or no worries about money,etc etc.
Just switch off the dam computer,OK?

When you're old and/or dying,are you going to look back fondly on the 30 posts a day and how many smilies you did???

Come on,life is short.

[masalai]

Hi HanVan, Boston and a couple of others day-trade, so any charts or whatever news you can bring to the table would be appreciated somewhere.... Look at the links on my signature and you will see I am building and sort of reliant on gold rising to the occasion if it were not for manipulation of Bernankie et al.... Venting to "stir usanians" is fun entertainment sometimes... I started this thread to share the research & reading I do to keep tabs on where my investment is going... (mostly sideways in AU$ terms) - well actually also its predecessor, but too many usanians could not handle the truth and got upset and demanded the thread be removed.... I lost a lot of reference material / links / contacts / predictions and so on, but life goes on...

New links, points of view, insights or just observations that confirm or deny a "public fact" are always welcome... Piracy is rife, - part of the enjoyment... except when it is spread ofer lots of posts or a long rave of utter nonsence...

Officially I am retired so sometimes have "time on my hands"... and Lovely Lady is nearby completing her Phd...

[masalai]

I LOVE THIS LINK - - dooooo bookmark it and look at it every day http://www.usdebtclock.org/ these numbers are NUTS??? I think someone said recently the asset wealth of the world is about 200 trillion yet USA has 600 odd trillion in currency and credit derivatives - - that is BAD (as in toxic) debt.... Is everyone there stark raving MAD??????

OK for those who are slow, or have difficulty reading click here and download your 4 podcasts http://financialsense.com/fsn/main.html and be quiet whilst I listen to them... You might be able to figure out how to listen to them yourself, - - bound to be somewhat enlightening whilst sipping a beer / coffee / rum or whatever....

[masalai]

Boston, HanVan, and the day traders, hope this/there interest you lot... http://financialsense.com/fsu/editor...2009/0807.html and http://financialsense.com/editorials...2009/0807.html and http://financialsense.com/Experts/ewave/2009/0807.html

Precious metals http://financialsense.com/editorials...2009/0807.html as well as the second 2 in "Cop this"...

Cop a look at this http://financialsense.com/fsu/editor...2009/0807.html and this is a goodie - be careful, very very careful http://financialsense.com/editorials...2009/0807.html and http://financialsense.com/editorials...2009/0807.html

[Boston]

Hi Han
all I can say is walk a mile in my shoes before deciding that Ive slacked in my social life for the sake of a seat in front of a screen
half the time Im watching charts with one eye while writing responses
I figure if I have to be in front of a computer I might as well be making it as entertaining as possible
besides
lots of different views being tossed about here
kinda broadens the old horizons

give it say
ten minutes a day to read through the posts
and see if it doesnt become addictive
cheers
B

Mas
ya I definitely dont agree with some of the BS in the Z flicks
I do believe however it was an inside job
odd thing is the most compelling argument of the whole inside job theory, they ignore completely throughout the presentation

its pretty obvious
the top say ten stories of the south tower were the collapse initially began fell askew of the center line of the building
its energy was not imparted evenly on the building bellow and therefore the building could not have
without assistance
fallen evenly
straight down
100+ stories
into a nice neat perfect pile on the ground
directly bellow
it would have fell off to the side following its path of least resistance
instead
the path of least resistance was ignored and by some mysterious force the entire building fell perfectly straight down and into a nice neat pile
in other words
physics dictates that if a path of least resistance exists a force will take that path to find its equilibrium
those top ten stories should have fallen more and more askew of the main structure until they were falling completely off to the side and free of the structure
eventually imparting little or no energy to the remaining portions of the building
but instead
pictures clearly show perfectly distributed puffs of smoke along each column on each floor preceding the collapse regardless of the imbalance of forces imparted on the structure by the unevenly falling upper few floors
there is no reasonable explanation as to how these huge columns could all collapse at the exact same time, on the same floors, when the force applied to them was obviously unevenly distributed
nor is it even remotely possible that multiplying those unevenly distributed forces over the 100+ floors under the collapsing section
you could result in a perfectly symmetrical collapse

bunch of kids at MIT basically worked for several years designing model after model of the collapse and other than with a controlled demolition to assist in the fall
could not under any other circumstance make the south tower fall straight down as it did on 9/11
it could only have been a controlled demolition
therefor it had to be an inside job

Zeitgeist went round and round about all kinds of marginal evidence
and missed the most compelling and simple proof

without the forces initiating the fall being applied in a symmetrical manor
the fall multiplied over the distance cant happen in a symmetrical pattern
not without help

in the end
it was a classic false flag operation
exactly like the Gulf of Tonkin

[masalai]

Zeitgeist, was set up to destroy any chance of "conspiracy theory" taking hold by gaining total discredit through the movie.... The trouble is, wrong place - the toxic debt was not removed - - look at http://www.usdebtclock.org/ "Financial Meltdown" section "Estimated currency & credit Derivatives" numbers (3 x total global assets....???) - the deletion of evidence could not be achieved (what is known as a "Jewish Stock-take")


Minute 29 or so of 3 rd Hour, part 2 is very interesting on what Reagan did with Volker, when he put him in charge of the FED and "protected" what Volker did... something like that pain is your ONLY chance now...

[Boston]

Mark
I looked up a few more details so you could peruse the case if you liked
should be enough to look it up if you have a legal library at your disposal
Daily defaulted on his loan and was brought to court by the bank on foreclosure

1969
state of Minnesota
First National Bank of Montgomery vs Jerome Daily

Mr Daily succesfully argued that no lagitimate form of tangible property was presented by the bank at the inception of the loan agreement and therefor had suffered no loss due to his inability to pay the agreed debt. That while Mr Daily's consideration was a tangible the banks was not, instead the bank had created the a debt instrument that merely obligated him (Mr Daily) to pay a monthly fee and in fact did not own an assumed wealth it created out of thin air based on both a willingness to accept a debt and the tiered reserve system, that in fact those reserves both had and would remain unchanged by the loan agreement and that no actual loss or risk had been assumed by the bank at the inception of the loan.
MR Daily was successful in his argument
and was able to keep his home

something tells me that the laws that enabled that to happen were changed fast

B

[masalai]

That is one fantastic story Boston, I am willing to bet that the transcripts of the case would provide some very interesting dialogue... I would not know how to start looking that case up from Australia... Would someone be able to post a link to the transcript - - or a copy where I could access it?

[Boston]

http://www.mncourts.gov/publicaccess

now to see if "I" can find it again

http://www.lawlibrary.state.mn.us/Cr...ndjudgment.pdf

I found reference to it in one of the Z flicks
then looked it up almost by pure luck
its a hugely complex web site at http://www.google.com/url?sa=t&sourc...kxl3_lb1VNYvXQ were I originally was able to access the case history


I found it again in the following article about half way down

http://www.google.com/url?sa=t&sourc...l5TzMP7mefvzeA

basically the judge rips on the failure of the US treasury to back its reserve notes with some form of tangible consideration
gold or silver for instance
the good Judge was accidentally killed six months or so later in a boating accident
his friends say it was no accident
the precedent was never challenged by the banking system

[masalai]

So all the householders in "dire straits" with mortgage debt well over their heads can cite this case and get clear ownership - - I love it - - ONLY IN THE USA....

What we need now is a class action of a couple of hundred thousand good citizens to claim total and free ownership of their homes,,, COME ON DO IT, That would really set the politicians alight with panic....

As if all capitals isn't enough...Next time, would you just poke a stick in my eye?
Any contract I've ever seen has a clause for default - The check doesn't arrive, the bank forecloses, period. The loophole this guy played was a lucky one!
Oh, uh...please don't believe in this Zeitgeist (the film) BS. I'm losing respect for you as opponents.