Global economic situation for liveaboard cruising yachties

Bos, you still like this guy? Mas, you ahole. All you had to do was Google "thrill" or almost any scramble of "thrill up my leg" and you would get the two most screwed up newscasters in the business. I was making fun of liberals. Now watch this famous clip; http://newsbusters.org/blogs/brad-wi...l-going-my-leg

[masalai]

What guy? he and most of your elected officials sold out long ago - They are puppets, and do as they are told... - - - - THE POWER IS IN MONEY and he who prints money HAS ULTIMATE POWER... END OF STORY - - - - capich/capish? or whatever the spelling, I know not American, except from some old movies (black & white) and I am not particularly interested in the latest pawn/porn/prawn commentator (or any other bent or limp wrist), in the mass-media... Most would not even come close to the investigative journalists of 15 just years ago...

You can spell it however you want because it is not a word. Most commonly, tho, "capiche" from the Italian word capire "to understand" or capisce. Originally from Latin capere "to grasp, seize". It probably came from old American mafia movies with some wiseguy threatening a poor sap, so it is given, and taken, as a threat. Capiche?
Starting with Cronkite, journalism is mostly crap. Something on which even you and I can agree... did you know that mainstream media here is attempting to write history to not include anything not liberal? The ACORN illegal underage San Salvadorian prostitution scandal, for example, not in the news;
Senate Kicks ACORN In Nuts
WASHINGTON (SR) - The U.S. Senate voted overwhelmingly to deny The Association of Community Organizations for Reform Now (ACORN) access to federal housing funds. ACORN has received more than $53 million in U.S. funds since 1994, but never-ending charges of widespread fraud has eroded its reputation, as evidenced by the U.S. Census Bureau's announcement last week that the group would not be participating in the census next year. "After careful consideration we determined that the average citizen may possibly object to hoards of felons/crack addicts invading their neighborhoods," said a Census Bureau spokesman.
ACORN said the Senate's action was disappointing but would have little impact on its overall operations. "The only real victims of today's vote are the families who have benefited from ACORN's important work, the Democrat Party, and of course every crack dealer within ten blocks of our offices," ACORN chief Bertha Lewis said in a statement posted on the group's website.
The million plus marchers yesterday protesting spending money we don't have but a footnote - ****, Michael Moore's opening is getting more coverage! Some hip hop turd was rude to some teen singer at some music award ceremony and BARACK OBAMA GOT IN THE MIDDLE OF IT! Now, there's news!
http://www.politico.com/click/storie...a_jackass.html

[masalai]

Thanks mark...
I was digging around on gold because it is having another go at "busting out" by holding over 1015 for more than 2 hours so far, and Bernanke is still playing games saying "no more recession" USA foreign debt exposure (not into inside USA stuff as citizens will know that by the pain of the burden there... but international exposure - -
* - More than US$40billion short on gold (mostly paper so needs to be paid for sometime soon in gold when it will cost USA a HELL OF A LOT MORE)...
* - Almost 12 trillion committed in bailout expenditure to achieve nothing?...
* - US$645 trillion in currency and credit derivatives (toxic debt and where the credit for money market, interest rates and stuff used to manipulate the markets) needs to be reckoned for soon...
* - Another 12 trillion or so lost by the citizens through FED etc manipulation, from the households of US of America...

All they have achieved is to keep the US$ high so your goods are too expensive to export, - - your gold costs you more in the last 6 months by 17% or more, - - foreign currencies like AU$ have risen by 33.8% in the last 6 months against a FALLING US$ meaning you cannot afford to buy from us (nice trade barrier and **** all fair trade agreements nicely) and oz is not really interested in buying USA because so many smaller (promising like re-power) businesses have gone bust and not supporting their products overseas, for me here gold is cheaper by just under 20%, and the COMEX shorts seem to be doing little to deter the markets for the moment - meaning the US$ is falling... good night - - I will see what the cheats, liars and thieves and assorted criminals of the NY bourses have tried in about 12 hours????

[masalai]

I have been trying to reconcile the apparently divergent views of the "gold bugs" who are very bullish on gold forging upward once resistance is breached, and the Elliot Wave theorists, who seem very pessimistic on gold but at the same time, talking depressionary trends and general USA economic gloom... And I think the penny has dropped, both are USA based, (Elliot wave protagonists more strongly in USA, and GATA more global in "membership"), and the general view seems to be aligned according to perceived impact on USA... I feel there will soon be a separation between the US$ and gold bullion, as the Elliot wave people are usually talking paper (shares, etf's, etc.,) and fiat currencies and other US "created stuff", which is destined to fall in a very big hole... The US$ will be such that using it to buy gold will be totally out of the question, thereby accepting the Elliot wave interpretation in "place", alongside the "gold bugs more global view", so, the rest of the world will look to link to gold and let their individual currencies float to tangibles.... Does that seem logical and a plausible outcome for somewhere between now and end of 2010? - In that scenario I can see gold really rising to the occasion and the lies, deceit and manipulation leaving those who were playing that way, in NY and London, where they belong, in some form of economic excreta?

I would appreciate any other divergent or supportive interpretations and commentary...

[masrapido]

Originally Posted by masalai

Casey's daily Dispatch http://www.caseyresearch.com/displayCdd.php?id=224 - - - - Oh so typical of the Arrogant American Attitude that is exported soooo vigorously... - - - "... loudly demanding healthcare for all as a god-given right. ..." - - - even communists do not proclaim that.... To further quote the report/essay - - "... Sorry, but if you want universal healthcare, you can’t also have your Amtrak subsidies, or car company bailouts, or troops in 130 countries, or your war in Afghanistan, or your FDA, OSHA, FCC, your Head Start programs, food stamps, winter fuel subsidies, etc., etc., ad infinitum. ..."

Maybe if they give up on killing people around the world, leave occupied countries and close their military bases around the world and start minding their own business inside their country's borders, without sticking their silly noses into other people's business, they might have enough money for the services that are normal to many people in many countries around the world. Even in poor countries.

Look just at the Iraq budget. 600 billions just in the current fiscal year. A lot of money.

People pay taxes, in a normal sensible country, to have certain services. Not to feed the politician criminals. Or finance imperialistic expansion into foreign countries where they have absolutley no reason for being present.

And it wouldn't hurt to shift fom speculating on the stock markets into actually producing something in what used to be called "factories".

Mas, I just think that the size, the power, of this machine is difficult to stop. The inertia, momentum, if you will, grinds this thing along for decades. They (bernanke, et. al.) are doing everything they can to prop it up while they steal yet more money from our children. Only when we reach the tipping point, and I hope, nobody knows that point's whereabouts, do the children say, "why the F bother?" So, yes, gold WILL go up, WAY UP but it will take time. If you have the opportunity cost of cashing in your retirement to buy gold, and the inevitible doesn't happen for twenty years, or balanced budget people get in government, we learn our lesson, and the country endures for hundreds of years, gold languishes at a money-losing rate less than smart, high beta but diversafied active trading - or even stock in AGI! Boring (but making money).
Knucklehead, wars are expensive. I hope that the leaders are smart enough to keepus out of the unnecessary. A little thing, like "Georgia, welcome to NATO" could have started WWlll (Russia assert itself, Nato, bound by obligation to NATO countries, hit, Russia counterpunch. How does one stop THAT SNOWBALL?). O'Bummer cozying up to Akmadinnerjacket will cause the Isrealis to strike Iran. Politics are a complicated thing, inseperable from war. In fact, it has been noted that "war is the continuation of politics by other means." Can you possibly get out of your Marx-Engels Reader enough skill to decide what is a just war and what is pillaging or for territory gain? No, you can't.
My personal feeling is that tho we had a rocky start (Indian wars, Madison's War, Mexican wars) everything since was done with due consideration. Refresh my memory, but is anything since to be considered "unjust"? I know that you are bitter about Pinochet but don't be brainwashed into believing Nixon had anthing material to do with it.
"Compañero Orlando Letelier."
"Presente."
"Ahora."
"Y Siempre."
God, you South Americans are so hung up on "what was", "what could have been" and placing blame (ad nauseum - it's always "The Man's" fault), you forget to just shut up and go to work on the future...

[masalai]

mark, - - seems Fanie has found it !!!!?
Fanie - I copied this and put it where it belongs in the economics thread, thanks, - Where is Van de Meer based? and a link please? other than the blank page I get from the existing one?

- - - "...Monetary collapse of US starting on September 30th - - - Dr Van de Meer predicts monetary collapse of US starting on September 30th By Dr Van de Meer & Benjamin Fulford Sep 11, 2009, 04:47
Benjamin Fulford says Dr Van de Meer predicts monetary collapse of US starting on September 30th A private but extremely influential silent individual, Dr. Michael Van de Meer is the person predicting a financial collapse of the United States starting on September 30th. That is the end of the fiscal year and the final date for payments the Federal Reserve Board wants to act, but cannot, because it is in a catatonic state, as the leaders of every state in the world is. - - - There will also be indications on September the 16th, he informed me some ten months ago, “Although September 30th will be the tipping point at which the tree’s fate is determined, the branches will not hit the ground until October 7th and 27th and going on into November,” he says. - - - Dr. Van de Meer correctly predicted the financial panic that started in September of 2008 (also 10 months in advance) and has made many other accurate predictions. - - - In a separate confirmation the Chinese Government is no longer entertaining and investing in derivatives, and has declared a Nova-to, meaning they will not be paying the trillions “due” on these illegal instruments. In fact the Chinese are using stronger language saying these criminally foisted instruments are a declaration of a financial war. - - - Meanwhile, in a significant break in corporate media censorship, the CBS TV program 60 minutes reported that Alan Greenspan, in concert with Bill Clinton and George Bush Senior facilitated in the year 2000, during the middle of the night, the passage of a criminal, highly illegal unconstitutional Bill that created the mortgage and property bubble. The bill allowed unscrupulous individuals in the major Banks and Insurance Corporations such as I.A.G. to hedge bets at a cent to the dollar. This allowed them to create derivatives contracts whose supposed face value runs into the quintillions of dollars (In either the British or American systems that is the next number after a quadrillion!). On September 30th all these fiat numbers created out of nothing will no longer be accepted. Both China and Japan have not said they will only accept gold from America but they have none. Bernanke and Geithner are desperately calling the people who own the gold and asking for some but they have been told they will not get even one ounce. - - - The bundling of the worthless inflated dollars created a devaluation in the banking system and major banks went down in a domino spiral, the affects of which will be felt for many years around the world. The destruction of the world’s accounting system is so extreme that the tax base of every state and municipal government is strained, some house values have fallen 80%, farmers cannot get credit for parts, seed, fertilizers and water meaning many innocent people will pay, maybe even with their lives. - - - The Wall Street banksters that own the Fed are being forced to put all their derivatives garbage on the books by September 30th. If they do that, they will be exposed as totally bankrupt. - - - The new financial system has been embraced by the Vatican, the British Empire and the Dragon family as well as the new Japanese government so it is hard to see how the Fed will be able meet the demands. Also people are now on to them and without secrecy their entire fiat con-job ceases to function. - - - The new financial system will not allow any off ledger transactions nor any hedge funds or derivatives. Wall Street will not be allowed to - as Dr. Van de Meer puts it - to “do all their contrivances selling worthless air and paper and contrived named instruments that by their very names are comic to the ear. They have been gerrymandered to fool the millions who buy worthless stocks just like little old ladies in sneakers working slot machines”. - - - The American people who are 4% of the world’s population but consume 40% of the world’s resources have been paying for it all with illusory money. The illusion has burst and there will be a 90 degree fall in the value of money, followed by a lot of hard work as the country rebuilds itself back into greatness. Fortunately, by developing all the new technology that was suppressed by the Feds, the end result of the rebuilding will be a golden age for all. But remember, there will be no gain without pain. However, the Americans are resilient people and will pull together and be a more informed and strong nation once again. First though, they need to seek out this Wall Street crowd; tar and feather them, and run them out of the country on a rail.... '
_________________
Regards
Fanie

The last word seems apt but it needs one more "gun" - - I think there is an experimental "rail gun" that would send them into orbit, one at a time, as all the others watch and wait - - - - - Thanks again Fanie....

[masalai]

Rob McEwan Now Agrees With GATA's Bill Murphy: $5,000/oz. Gold is Coming! and LOTS higher as the US$ falls into the abyss of infamy... Wake up America else you will be sucked down by/with "helicopter Ben" (not off, as Rastus has that patented & copyright for subway operations)... http://www.caseyresearch.com/displayGsd.php

http://www.caseyresearch.com/displayCdd.php?id=225 about half way through is this GEM - cash for clunkers - more abject stupidity and money wasted
"... Ed Steer of our Gold & Silver Daily sent along the following that suggests otherwise…
* - - A clunker that travels 12,000 miles a year at 15 mpg uses 800 gallons of gas a year.
* - - A vehicle that travels 12,000 miles a year at 25 mpg uses 480 gallons a year.
* - - So, the average Cash for Clunkers transaction will reduce U.S. gasoline consumption by 320 gallons per year.
* - - They claim 700,000 vehicles so that's 224 million gallons saved per year.
* - - That equates to a bit over 5 million barrels of oil.
* - - 5 million barrels is about 5 hours worth of U.S. consumption.
* - - More importantly, 5 million barrels of oil at $70 per barrel cost about $350 million dollars.
* - - So, the government paid $3 billion of our tax dollars to save $350 million.
* - - The government spent $8.57 for every dollar saved.
But there is more about this program that leaves the intelligent person wondering if they’ve missed something.
Specifically, wouldn’t people who were thinking about buying a car anyway shift the timing of their buying to take advantage of the Cash for Clunkers program? And doesn’t that mean the program wouldn’t result in an actual lift in net sales for the year? Moreover, wouldn’t it simply drain sales from the months just before and after the program was implemented? ..." read the link for the proof...


an extract from an email from Elliot Wave International - - - - sunscribe here - - - http://www.elliottwave.com/single-is...px?code=emclub - - - "... The natural flow of investor psychology has traced out a recognizable pattern. As optimism builds, so does the perception of a recovery. It's to be expected -- even predictable. After all, the simple truth is that investors, advisors and analysts alike herd. Positive price action -- in their minds -- begets other positive action. It's all-too similar to the optimism we observed in late 2007, when various markets stood at or near their all-time highs. - - - But today not even the so-called fundamentals support the notion of a recovery: - - -
* * * * Large pockets of the U.S. real estate market, including metro Atlanta, are still racking up record monthly foreclosures.
* * * * The global shipping industry has slowed to a crawl; thousands of ships around the world sit empty and idle.
* * * * Bank credit and the M3 money supply have been contracting at rates comparable to the onset of the Great Depression.
* * * * And believe it or not, reports are surfacing of lending institutions returning to their old tricks from two years ago.
It's time to debunk the recovery hype. Robert Prechter anticipated the bear-market rally and the shift toward optimism that drove it. He even offered recommendations that helped nimble traders take advantage of it. But now the rally is waning. A downside reversal is imminent. ..."

and do not forget the 9 essays at http://financialsense.com/index.html dated 16 Sept, now available to readers... I have not read so post a one line comment as you see/interpret each one
1 - - http://financialsense.com/editorials...2009/0916.html
2 - - http://financialsense.com/editorials...2009/0916.html
3 - - http://financialsense.com/editorials...2009/0916.html
4 - - http://financialsense.com/fsu/editor...2009/0916.html
5 - - http://financialsense.com/fsu/editor...2009/0916.html
6 - - http://financialsense.com/fsu/editor...2009/0916.html
7 - - http://financialsense.com/fsu/editor...2009/0916.html
8 - - http://financialsense.com/fsu/editor...2009/0911.html
9 - - http://financialsense.com/Market/wrapup.htm

[hoytedow]

The Weimar Republic and Zimbabwe taught us all we need to know about NOT printing money without the GOLD to back it up. I figure it won't be long before I am buying my bread with a wheelbarrow full of paper money, too.

[masalai]

Quick now, buy some gold whilst the US$ has a little value

[hoytedow]

Oh, rats. I'm already broke. I guess I'll have to sell my wheelbarrow. You can have it for 4 chickens.

[Boston]

sad as it is that collapse your predicting was also in the feds projections for two or three year recovery
it was almost funny how they discussed the nice green high a few years from now but ignored the red dip to hell in the same graph a few months from now

might actually help me to get to my build faster though
as long as my steam engine supplier survives
my cost on timber for the build is already as low as it was when I was a kid
but who knows
it may go lower

last truckload of white oak cost me about $1.50 a board foot once all was said and done
except shipping which was gas money since I went and got it myself

[hoytedow]

[masalai]

Oh well, cheer up all - at least, put on a happy face for a little while and enjoy your beer...

http://financialsense.com/fsu/editor...2009/0916.html "Gold: A Permanently Exuberant Plateau?" (Concern of another bubble applies to USA for those silly enough to go for "paper" gold as that will vanish) but the golden metal will continue in high demand as the preferred currency in adverse times... and the rapid price rise applies to the US$ value - in AU$ terms is STILL 1166/oz - the general price since May 2009, and below the maximum recently realised... - It is all about the collapsing value of the US$.... If you bought gold and only got a piece of paper, get the metal QUICK else you may find there is NONE LEFT...

The Au$ against the US$ has gained in value some 34.77% since March 2009, Euro against US$ 2 Mar 09 till now = 18.43% and the trend seems well spread against the US$

A quick glance at the USA bourses and market statistics and trends analysis show a determined detachment from reality, which I can only explain as being an expectation of a return to endless inflationary trends to provide a "capital gain", - but there is nothing upon which to give that excessive optimism any foundation or basis for existence... That is a bubble that has to burst soon as it is full of stinking PUS... as is the mounting debt burden of the USA...