Global economic situation for liveaboard cruising yachties

Subject: Every Town in England needs a Chief like this.

A maverick mayor elected after promising to slash council spending, clear the streets of yobs and ditch politically correct services is the torchbearer for how towns should be run.

On his first morning as Mayor of Doncaster in South Yorkshire, Peter Davies cut his salary from £73,000 to £30,000 then closed the council’s newspaper for "peddling politics on the rates".

Now three weeks into his job, Mr Davies is pressing ahead with plans he hopes will see the number of town councillors cut from 63 to just 21, saving taxpayers £800,000.

Mr Davies said: "If 100 senators can run the United States of America, I can’t see how 63 councillors are needed to run Doncaster".

He has withdrawn Doncaster from the Local Government Association and the Local Government Information Unit, saving another £200,000. Mr Davies said, "They are just talking shops".

"Doncaster is in for some serious untwinning. We are twinned with probably nine other cities around the world and they are just for people to fly off and have a binge at the council’s expense".

The mayor’s chauffeur-driven car has also been axed by Mr Davies and the driver given another job. Mr Davies, born and bred in Doncaster, swept to power in the May election with 24,244 votes as a candidate for the English Democrats, a party that wants tight immigration curbs, an English Parliament and a law forcing every public building to fly the flag20of St. George.

He has promised to end council funding for Doncaster’s International Women’s Day, Black History Month and the Lesbian, Gay, Bisexual and Transgender History Month.

He said, "Politicians have got completely out of touch with what people want.

"We need to cut costs. I want to pass on some savings I make in reduced taxes and use the rest for things we really need, like improved children’s services".

Mr Davies has received messages from well wishers across the country and abroad as news of his no-nonsense approach spreads.

Now it’s your chance to spread this most sensible way to run a town council.

 

Frosty, an excellent post, I hope the message catches on globally... but sadly, most politicians and associated leaders are so far up themselves, looking for the sunlight shining from their arses that there is almost no hope... and too many other people are likewise blinded - - - The King has no clothes - a little boy could see that....

Now - do something productive and read all this... and hopefully you will assimilate something useful...

http://financialsense.com/fsu/editorials/mchugh/2009/0802.html This is a WARNING and tells it as it is WAKE UP... The good times have been set back, as the fundamentals for recovery do not exist - green shoots are ********, and as such is the dreaming stuff of someone on "happy drugs"...
http://financialsense.com/fsu/editorials/gnazzo/2009/0802.html mostly relevant to US internals but it will spread its adverse influence everywhere...
http://financialsense.com/editorials/quinn/2009/0802.html Another lesson from history - still following the same format for other historical collapses...

http://financialsense.com/editorials/mckillop/2009/0802.html with lots of links/references added here http://www.economist.com/blogs/freeexchange/2009/07/tracking_the_jobless_recovery.cfm and then http://www.financialsense.com/editorials/fekete/2009/0212.html and then http://www.dailyreckoning.com.au/risk-of-deflation/2007/08/07/ and then http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZ27ITF7gaoQ and then http://www.reuters.com/article/pressRelease/idUS241184 28-Apr-2009 PRN20090428 All about OIL... (along came John or however the song goes)... he also could not save the situation as Humpty Dumpty was an egg and BROKE...

 

Mr Davies said: "If 100 senators can run the United States of America, I can’t see how 63 councillors are needed to run Doncaster". - - - - "RUN? does that mean "facilitate PLUNDER" in UK english?

 

http://www.youtube.com/watch?v=QIsCJUdGjuE OK, I know "politics" is a no-no but this one is sooooo cute hehehe

I am confused (easy to do sometimes)... Raw data suggests lots more pain and disaster on the economic front , But Barkleys and HSBC have a very rosy and self-congratulatory attitude posting very satisfying profits... FROM WHERE and WHAT? all my devious little mind can think of is a little game of insider trading on naked shorts in precious metals and forex markets????

There is not that much business manufacturing activity around? Particularly markets in which to sell any kind of widget? The fundamentals / grass roots / manufacturing area is flat to dead... so someone is loosing heaps so the big bankers make huge profits from blue (or any coloured) sky... an Australian politician? http://www.pantsdown.wild.net.au/pantsdown4.htm in caricature...

 

M- we have a bit more of the of this stuff than you think.


Beer- thank god I've got plenty.

Summer cruise is going well- got the fridge worked out.

 

yahoo news today
tax receipts down
long story short
corporate income tax receipts down 57%
personal income tax down 22%
this is the largest drop since the great depression
and
a little bottom feading in the housing market is no clear indicator that its over

all joy and happiness
loaned the truck out to a friend
who put gas in my diesel
and ran it till it died
brilliant
rrrrrrrrrrrg

I also was reading an article on the vacancy rates in various us cities
the report listed Kansas city Missouri as the city with the highest vacancy rate
a rate of about 15%
I was just in Kansas city on my way to I-80 across Nebraska back to Colorado
15% is ridiculously low
I saw maybe 30% of commercial properties on average closed and boarded up
In the small town were I rented the trailer
50% easy

the numbers being reported seem awfully low to me
and I was just in that town not two weeks ago
also I spoke to a friend of mine from rural Arkansas
says "its bad" half my home town in boarded up
not real precise numbers but you get the idea

I gotta go with Mas on this one
they are not reporting the situation accurately
not sure what is the truth mind you
but what they are telling us in the media is highly unlikely to be accurate
given what Ive have observed traveling cross country

 

Deepest sympathies Boston something not needed in these tight times... Oh what a shithead, petrol instead of diesel... - I hope he is paying for the repair... some rep points is all I can offer

Thanks for the report Boston, Keep them coming, Travelling observations are useful and give a better picture than any fantasy of a "govt report"... I have asked "powerabout" to do same - look in the "CRUDE..." thread... Anyone else, please post on your observations...

More and bigger gloom follows shortly (a kick in the testicles for the "worse is over merchants")... http://www.elliottwave.com/single-i...Volatile_Third_Wave_Surprise.aspx?code=emclub

This seems to tell it as it is http://financialsense.com/fsu/editorials/gnazzo/2009/0802.html can you add local input for your region? (not the hype and ******** pushed by so many seeking to talk a dead market up...)
http://financialsense.com/fsu/editorials/sobolev/2009/0803.html "Gold Bugs' Bet on China - a Mistake?"
"Bulls Rush In" http://financialsense.com/fsu/editorials/russo/2009/0803.html
"What Are They Gonna Do About It?" http://financialsense.com/fsu/editorials/2009/0803.html
And for balance - another blind optimist - "Markets Make Significant Progress In Transition From Bear Markets To Bull Markets" http://financialsense.com/fsu/editorials/ciovacco/2009/0803.html
"Cash for Clunkers with Bread and Circuses in Pax Americana" http://financialsense.com/fsu/editorials/delta/2009/0803.html
"LATVIA IN CRISIS AS THATCHER FREE MARKET MODEL COLLAPSES" http://financialsense.com/editorials/engdahl/2009/0803.html
"NOLTE NOTES - Skeptical of the Euphoria Over "Less Bad"" http://financialsense.com/economy/nolte/2009/0803.html
"HIKING THE WRONG TRAIL" http://financialsense.com/editorials/abdallah/2009/0803.html
"WE ARE WITNESSING A NEW RENAISSANCE AND GOLD IS READY FOR $1,000/OZ" (My wish is US$2000 ) http://financialsense.com/editorials/lee/2009/0803.html "... With the talk of financial crisis receding, the focus will be back on the dollar. The US budget deficit is projected to reach $2 trillion in 2010. As the generation of baby boomers enters the entitlement phase, the deficit will only likely to go higher. Medicare spending for the first time exceeded contribution, and the Medicare trust fund became a net seller of US treasury instead of being a contributor. While the budget deficit situation is alarming, what concerns me the most is the waning appetite of foreign investors on dollar debts. Dollar debts owned by foreign investors currently stand at over $12 trillion. China, Brazil, India, and Russian are explicitly warning US to reign in deficits to save the dollar. I wonder when their patience will run out. - - - The dollar standard lasted 4 decades and channeled 70% of the world’s resources and investment to America, a country with 5% of the world population. - - - The jettison of the dollar standard will ensure uniformed distribution of wealth and investment throughout the world. I would boldly state that the global growth will accelerate as we enter a new renaissance with industrial and hi-tech revolution that will put the 1900’s industrial revolution to shame...."
"GOLD THOUGHTS" (Man, lots of shouting today hehehe) http://financialsense.com/editorials/schmidt/2009/0803.html "...Such transactions are used to mask the true deficit from the public. Now, those of you in the U.S. should not worry about this. You will indeed get all the green pieces of paper upon retirement you have been promised. They just may not buy anything...."

bntii, do not forget to view this sites videos regularly http://www.worldenergy.tv/ Particularly anything with Matthew Simmons as he IS the best authority on OILS...

 

thanks Mas
and no
he has not offord a dime
which is really kinda irritating
Ill have a talk with him once I know the final bill
so far its scrap metal
I can clean out the fuel system no problem but the primary fuel pump is 800+ and the injectors are ~400
assuming the pistons aren't burned
in which case its toast

on the economic front
ya
remember how surprised I was at how many buildings were shuttered and closed
I was even more surprised to read some fool report that it was only 15%
I didnt exactly count but that just seems ridiculously low given what I saw
course I was in the middle of the city
so maybe had I seen the whole place
but still
as my friend said
"it was bad"

 

I gather his status as a friend is "on notice"... where is his moral fibre, That should have been his first offer after a grovelling apology for the damage done... litigation options?

 

What? people not telling the truth,,,?

http://news.bbc.co.uk/2/hi/business/8182671.stm

But -but- banks are honest and straight people. I mean they would never---lie to people just to get money? would they?

Try doing it to them,--if you like prison food.

Rotten world --rotten to the core, Im going to put the radio on now and listen to some music for a while.

This little storey has upset me,--banks are very very important this greed and filth breeds distrust and the very basics of credit without which the entire financial system that has got us here into the developed 21 century fails.

This filthy greed and lies has come from the same place as credit without collateral orginated.

I mean how low can we get? to sit with a fat cigar with feelings of superiority knowing you are personally responsable for poor people being poorer.

If there is no room in prison for these arse holes then let out all the prisoners who are in there for not paying there television license fees, or those that chopped down a tree without permission.

Its a fked up world .

Wheres that radio.

 

This is bloody madness.... from Casey's Daily Dispatch of 03 Aug 2009 - - - Derivatives: A Closer Look at What New Disclosures in the U.S. Reveal (Fitch Ratings, Special Report, July 22)

Fitch Ratings reviewed the quarterly filings of 100 companies from a range of industries representing nearly $6.4 trillion in aggregate outstanding debt. The 100 companies reviewed were those with the highest levels of total outstanding debt in the S&P 1,500 universe; they represent approximately 75% of the total debt of S&P 1,500 companies. The companies reviewed had a total notional amount of derivative positions in excess of $296 trillion and a net fair value in excess of $240 billion.

… an overwhelming majority (approximately 80%) of the derivative assets and liabilities carried on the balance sheets of the companies reviewed were primarily concentrated in five financial services firms: JPMorgan Chase & Co. (JPMorgan); Bank of America Corp. (Bank of America); Goldman Sachs Group Inc. (Goldman Sachs); Citigroup, Inc. (Citigroup); and Morgan Stanley (Morgan Stanley)."

Work that one out...... Is it something like you the investor in derivatives paid 296 trillion for something that cost 240 billion? - who is fcukin stupid beyond belief?... I have a car that is worth about 1600 surely one of you will buy it for 1,600,000? is that the right number of zeroes? These galactic telephone numbers are insane... That is more than the entire asset value of the commercial world excluding all that toxic ****... - - - - - - - Wait on a bit that gives the car a "fair value" of 1,600,000 so if I go see my friendly bank I should be able to package it as a nice derivative parcel and get a "AAA" S&P rating, thereby sell it for 2,000,000,000 or something (the bank can have the 1,980,000,000 commission as I am not greedy and will accept 20,000,000 of which the Government and other necessary bribes will reduce my net to about 2,000,000 and that is all I need at the moment... Thanks, CYA...

 

nah
I dont want to be that way
Ill hand him the bill once I have it
I do my own wrench work though
so its the aggravation factor that is really unsettling

I have time to work on it again tomorrow
so Ill know more then
assuming I can get the electrical system to come back up
so far
its scrap metal
its got glow plugs but no rotation
thing shuts down entirely once you turn the key to start
and remains dead until I disconnect the batteries and let it sit for about twenty
then it does the same thing again once I hook it all up again
drove me batty for 12 hours on Sunday
I can fix the mechanical components
but the electrical is killing me
no one I know has ever even heard of this happening from a fuel contamination
rrrrrrrrrg

he's still my friend
but he's on dimwit status from now on




on the economic front
the banks are barking mad to have gotten so deep into derivatives
I have no sympathy for them and still think it was a bad Idea to have bailed em out

 

Wow you must be realy angry Mas your words came out blue on the screen. Ive never see that before.

 

Wow. Peter Davies for any office he wants!

 

JESUS... For Gods sake all you *******, LISTEN TO THIS, If true I am afraid for you all DEEP **** http://www.financialsense.com/fsn/main.html "3rd Hour with Jim & John" <Select an Audio Format - Part 2> just the first part on the "Health BILL..." I am astounded... DO SOMETHING... and download the link under this "Liberty Counsel updated & revised overview of HR 3200" on the same website.... SCAREY and SUICIDAL FOR ALL if passed...

I do not normally listen to this part as it is usually calls answered and of no interest to me as it is local concerns - but some of the names intrigued me and aroused my curiosity...