Global economic situation for liveaboard cruising yachties

[masalai]

I think he lost his tweezers...

http://www.gata.org/node/7980 "William Pesek: India shows hedge-fund savvy with huge gold buy"
http://www.gata.org/node/7981 "Fed statement may let gold continue upward course" or the thoughts of John Maynard Keynes led the bankers up the wrong path... Keynsian economics is wrong again....
http://www.gata.org/node/7982 "Peter Brimelow: Is India clearing way for gold 'moonshot'?" - - So this leads me to the view that USA is becoming less relevant in the global market....

[Frosty]

Gold price = hedge funds and speculators.

Funny really when no one has money and millionaires are jumping of high buildings. If people cant afford cars why are they buying gold.

They are not.

Who's buying the stuff? well the same guys that will be selling it --shortly, and anyone else that has a bit left around that grandma left them.

Should be loads of it around soon--and you know what that will mean!!

You must have nerves of steel Mass.

[masalai]

But the lack of activity is going to make the prize bigger... and a much bigger fall in USA...

[Bamby]

There is not a doubt our world as a whole is in one hell of a mess. It isn’t just the USA it’s Europe and many other economies almost everywhere. A lot of folks are going to see their life savings erode away to almost nothing before it’s said and done thanks to folks who managed to twist all markets around to advance their profits. But what is a simple common man going to do to protect their small amount of wealth he may have saved for a lifetime for his or her future?

I can remember a time when I was younger that a person could live in relative comfort off just the interest of a mere million dollars. The dividends from just the interest would provide a better earning than more than half the population worked for. Nowadays with the rates they’re paying now, and the government reaching in to steal their share a person wouldn’t be left with enough to put food on the table for the year. And anybody who says there isn’t any inflation hasn’t been to the grocery store lately. I never would have believed the costs of a lot of items would escalate to the point they are now and due to the worthlessness of the dollar it’s only going to get worse.

I guess the question is now “what’s a person going to do” how can a common person with little actual means protect and maybe make some gains on a small amount of capitol. I know Mas loves his gold and if it were acquired some time ago it may have been a good investment still may be for that matter. But gold just somehow doesn’t seem practical for the small investor for several reasons. One being grocery stores and other sources are not set up to accept gold for currency here. So a person would have to run around a find an exchanger with enough means to purchase your gold for fluid currency to spend. Then who’s to say that the same money mongers that created this whole mess won’t get together and decide among themselves that fair market value for gold is now going to be far less than the value invested. They’ve done more than a fair job of making our money worthless so I feel confident that somehow they’ll devalue gold to their advantage also so they can effectively steal it for themselves.

What I’d like to figure out is what buy of invest that doesn’t deprecate down to worthless over a period of time. Money in banks deprecates through inflation and taxation far faster than a value added gains. Though Brazil is listed as paying over 8% interest rates, far more than any other country is right now, have to wonder why though and how safe an investment there would be for an outsider.

Just some thought’s to ponder here, got to get out of here and get some stuff done.

[masalai]

http://www.gata.org/node/7988 "Rand Paul takes lead in Kentucky Republican Senate race"
http://www.gata.org/node/7987 "John Embry: Con job in the financial markets continues"
http://www.gata.org/node/7986 "Ted Butler: The bomb squad"
http://www.gata.org/node/7985 "Financial Times lets GoldMoney's Turk mock paper gold"
http://www.gata.org/node/7984 "Domestic gold cheaper than IMF's, ex-China bank adviser says"
http://www.gata.org/node/7983 "Sri Lanka's central bank has bought gold for months, wants more"
http://www.caseyresearch.com/displayGsd.php see http://www.cnbc.com/id/33615933
http://www.caseyresearch.com/displayCdd.php?id=268 "Record Treasury Auctions Next Week", "geothermal energy", “Gold Price is No Bubble”
http://www.gata.org/node/7989 "Praise for gold purchase by Reserve Bank of India" - -

- - And a stupid little Johnny Howard SOLD Australias' gold reserves WHAT A little DICKHEAD... Lets but hope that the present Government is a little more enlightened and buys some, even at current prices....

Much of these links seem to be USA domestic, which to me shows that for usanians, the world ceases to exist outside their borders... One can only wonder at the intensity of such naval gazing

[masalai]

Bamby,
Gold owes no one - and is internationally accepted so long as it is 9999 pure, even coins (but you pay a premium for that) 5 or 10oz bars of 9999 pure bullion are also readily exchanged internationally (some buyers may demand a gas-chromatograph analysis) but still exchangeable and NOT subject to falling values in paper currencies - I foresaw the fall in the value of the US$ but not the artificiality of the US$ carry-trade inducing the AU$ to gain such strength, nor the degree of price fixing by the FED via Goldman Sachs and others with such intensity in short positions (as exposed by GATA, Bloomberg and others)...

For other baby-boomers, the prospect is bloody grim... Look to self sustainability in your home
1) - PV panels to make your own electricity and - - store in car type batteries as the cheapest option and - - several inverters to convert that to run some of your appliances
2) - Reduce your dependence on appliances and - or - re-purchase for low consumption and to meet your need - JUST (you do not need to be able to cater for 20 guests)
3) - Collect all the rainwater you can as quality and reliability from municipal services may diminish
4) - Re use shower and other water for the garden and toilet flushing
4) - Recover some water by Reverse-Osmosis if necessary - a well maintained RO device will make the purest water you can find, for drinking / cooking purposes
5) - Grow your own fruit and vegetables - hydroponics is efficient and effective in small land areas
6) - Run some poultry and feed them outer vegetable leaves and other scraps (eat the eggs, and have a rooster, so your eggs will be fertile and you can breed more to replace the older roosters as they grow... The poultry will also help in insect control and fertilisation of the soil, in your ground based vegetable patch... Compost all bio waste...

You are now approaching self sustainability... re-use and recycle... Not all that difficult...

[masalai]

13 essays for today (so far) from http://financialsense.com/index.html happy reading...

http://financialsense.com/fsu/editor...2009/1104.html "The significance of the IMF-RBI gold sales " Come on Australia buy some gold.... do not roost with the fuckin idiots, get with the intelligent crowd and think for yourself...

Do not forget the audio podcasts in mp3 format - American centric mostly but since that is where all the shit happens, a logical starting place to look until the USA economic solution collapses in its own shit...

[hoytedow]

Originally Posted by masrapido

Osama bin Barrack will disregard this silly idea. It would cost him 40 trillions. Not 40 billions, 40 TRILLIONS. How would that be smart...? It would cause instant, and a devastating one, hyperinflation. Zimbabwe would look good instantly.

On a second thought...fireworks...

your math stinks. 40 million people x $1 million apiece = $40 million. IS WRONG. I withdraw my stupid remark.

[Tcubed]

40 million x one million =
40 000 000 x 1 000 000 =
4.10^7 x 1.10^6 =
4.10^13 =
40.10^12 =
40 TRILLION.

Shame , it was a good idea actually.

But at least now i know i was not kidding myself to not pay much attention to your posts in the climate thread.
Sorry, but good maths are crucial to sound logics.

Like i said, the idea was very good apart from the number thing.

[hoytedow]

Yep, my math stinks. My face is as red as your little commie star. Of course, I would settle for 200,000, which would be 8 trillion, and new jobs all around.

The above remark is out of line and I apologise for making a judgement hastily.

[Tcubed]

I do not have a commie star , actually.
I do not sympathyze with any political stance.

In fact at 8 T it would be slightly less than what ha been done and no doubt to incomparably better effect, or at least to a lesser degree of harm.

[Frosty]

If you honestly think that giving a man in the street 1 million( and I have heard of this before ) would cure anything,--then its no wonder you are doomed.

Russel Crow said this on Jay lenno show, Jay just looked at him.

Of coarse they will pay off the mortgages wont they? and educate their kids ? no one will go down the pub and have a party or blow it on drug addiction or buy that Ford GT40.

Thats idea is so dumb.---- Unbelievable and really very stupid, showing total misunderstanding of the situation and your fellow man.

What planet do you come from?

[sabahcat]

Originally Posted by hoytedow

Your math stinks. 40 million people x $1 million apiece =$40 million.

LMAO

thanks, now I have to clean the coffee from the monitor and keyboard

[masalai]

http://www.dailyreckoning.com.au/ The subscription service (free) is more fun to read...

Nice graphic showing a bubble in USA, about to burst in the "Option ARM" home mortgages, the last of the subprime, as well as the corporate (the latter being the closing of malls and myriad small businesses that cannot get overdraft facilities to continue to operate... peaking Sept 2010 and again Sept 2011...

http://www.moneymorning.com.au/ is a similar deal, the email (free) is fun and interestingly spicy and the website dour and boring... both rely heavily on advertising so what can one expect for interesting free stuff that is a bit off the wall for some...

http://www.elliottwave.com/ezine/ind...ne_110509.html Elliot wave is a bit better established (a bigger market but definitely USA centred - the rest of the world is possibly an afterthought only)

[Frosty]

I see your raising interest rates over in Aussi land?

Bit early aint it?