Some one has to start it, Americas default.

I am sitting on the sidelines very secure, - with nothing invested in anything but my boat which is partially fuelled-up and sort-of ready to depart ... No gold, but I have a pan and shovel to look for more gold , and bank account is almost empty....

To quote one Alfred E. Newman, "Wot, me worry?" I am waiting and watching for the implosion and other "fireworks"... http://www.brisbanefestival.com.au/Sunsuper-Riverfire.aspx I am thinking of anchoring upstream (or downstream) of the closed area and watching in comfort...

 

bingo
G Soros got out f gold saying it was a big bubble waiting 2 burst

 

If he did, he would not know if his bun was on fire? Look at the long-term historical value of the precious metals compared to the value of other consistently NEEDED items...

If he has gone to paper-money and treasuries and ETF's you will see him in deadbeat-alley, begging for a dime within 5 years...

Here is the best explanation I have seen so far - It is still a manipulated-bankster-operation... http://www.dailyreckoning.com.au/the-golden-waterfall/2011/08/25/

What is in bubble territory is; - houses (again), - treasuries (globally) and - other paper based securities and so called "AAA-asset-classes" of bundled debt and leveraged paper gold (been bitten by a margin call?) ...

Play your movements on a very volatile and heavily MANIPULATED market, but be very aware that the big banks will be manipulating the markets in order to panic and screw non-insider players using super high speed electronic trading... Like I said a while ago, they have the advantage of doing trades in 2 milliseconds, whereas the best reaction time at the bourse is longer than 15 milliseconds because of the distance in NY from the central processing computers... These 'bankster-operators' are literally within-spitting-distance with the addition of a high capacity optical connection, everyone else has at least a couple of city blocks...

http://www.moneymorning.com.au/20110825/marking-40-years-of-financial-terrorism.html - Do please read this explanation...

http://www.youtube.com/watch?v=dRDaEy_eF_4 the youtube link from Murray Dawes (Slipstream Trader)

Bookmark this into your favourites or register for the free email service... http://www.moneymorning.com.au/ and good sailing - stay safe...

 

"G Soros got out f gold saying it was a big bubble waiting 2 burst"

No, he didn't.

 

From Elijah Craig:

Before Enlightenment - Chop wood, carry water.
After Enlightenment - Chop wood, carry water.
~ Zen Buddhist Proverb

Soros sold paper gold certificates. He still holds the heavy gold.

 

hehehe

 

And this will be the downfall of China....
China is bulging with growth, standards of living goes up for the Chinese and earning good money to afford all the trimmings of capitalism. Natural resources cannot cope with the industrial growth and herein lies the problem.

As wages continueing to rise, and more resources need to be imported, the cost of goods will rise and rise and will reach a point where nobody will want to import Chinese stuff that is just expensive as their own.

 

Hi Wynand,
I somehow do not see USA "defaulting" as they are one of the few nations in the world that can "print money", to pay their debts, so long as the politicians let it happen again (raising the debt ceiling)....

I have been reading of whole cities in China that are closed and mothballed, and regular discussion that China could be close to "bubble-bursting" country...

Things seem to be popping with talk/expressions of fear in the markets in Europe, China (and consequently Australia - riding the mining boom), USA which is just collapsing from bankster-orchestrated 'natural-atrophy', as most manufacturing has been 'outsourced-offshore' so the big brands can still show huge profits on paper but what of the dividends paid to shareholders? - are they pyramid schemes or what?

Global talk of further falls in residential housing prices of 20 to 40% (Australia, Asia, Europe and USA)... Also the game and rule changes in Germany and some other nations following the German lead in their High Court deliberations Yesterday... Lets not forget the South American and other countries demanding the return of their gold & silver bullion...

It also appears that global market intervention will persist, following the moves by Switzerland, and responses on gold smashing by USA interests/merchant banksters, to ensure that most nations vigorously devalue their currency, (except stupid Australia that is too dumb to think of placing a tax on the carry trade, withdrawing their overnight profits), to retain the best position to sell their production...

The Indian region is suffering under increasing terrorist bombings... Northern Ireland with its "sectarian issues" are resurfacing... Australia is suffering under political uncertainty of the boat-people and what to do there... What will be the outcome of the African/Arabic/middle-east 'political struggles'...

So many things up-in-the-air, so much uncertainty, so much market manipulation, so much bloody and bloodless stupidity... Time to go on a long ocean voyage... 4542

 

Friday Funnies from http://www.caseyresearch.com/gsd/ed...d-trader-talks-openly-gold-price-manipulation and was I not correct in declaring fraudulent price manipulation in Gold & Silver? - Now the perpetrators are admitting their complicity...

"Everybody, sooner or later, sits down to a banquet of consequences." - Robert Louis Stevenson

www.globalresearch.ca/index.php?context=va&aid=26424 has some more interesting quotes.....

“The deterioration of every government begins with the decay of the principles on which it was founded.” Montesquieu, (Charles Louis de Secondat) (1689-1755)
“I am convinced that I am acting as the agent of our Creator. By fighting off the Jews, I am doing the Lord's work.” Adolf Hitler (1889-1945), German politician and future German Chancellor, Mein Kampf, chap. 2, 1925
"I believe that God wants me to be president."George W. Bush, American 43rd president, speech in Washington D.C., June 1, 2004
"This economy of ours is on a solid foundation." George W. Bush, American 43rd president, January 4, 2008 (N.B.: the U.S. economy was about to enter into recession.)
"I believe that the Iraqi people will greet us as liberators." Sen. John McCain, March 20, 2003
"We used to hustle over the border for health care we received in Canada. And I think now, isn't that ironic?" Sarah Palin, American politician and former governor of Alaska, (admitting that her family used to get treatment in Canada's single-payer health care system, despite having demonized such government-run programs as socialized medicine that will lead to death-panel-like rationing, March 6, 2010)
“The Lord says be submissive. Wives, you are to be submissive to your husbands.” Michele Bachmann, Rep. of Minnesota and 2012 Republican presidential candidate, (on the question of submitting to the authority of her husband, 2006). Rep. Bachmann is also a graduate of Oral Roberts University.
“Let the woman learn in silence with all subjection. But I suffer not a woman to teach, nor to usurp authority over the man, but to be in silence.”
The Bible (New Testament), 1 Timothy 2:11-12
"Think of the American economy as a large apartment block. A century ago—even 30 years ago—it was the object of envy. But in the last generation its character has changed. The penthouses at the top keep getting larger and larger. The apartments in the middle are feeling more and more squeezed and the basement has flooded. To round it off, the elevator is no longer working. That broken elevator is what gets people down the most." Lawrence Katz, Harvard University economist, 2010

 

4613 Something to consider with an open and honest mind from a resident of Baltimore, Maryland, USA

http://www.dailyreckoning.com.au/a-zombie-economy-following-unfaithful-shepherds/2011/09/09/

 

America's Downfall More or Less Follows the Following......

Some Serious ****

The folks who are getting free ****,
Don't like the folks who are paying for the free ****,
Because the folks who are paying for the free ****,
Can no longer afford to pay for both the free **** and their own ****.

And, The folks who are paying for the free ****,
Want the free **** to stop.
And the folks who are getting the free ****,
Want even MORE free **** on top of the free **** they're getting already!

Now... The people who are forcing people to PAY for the free ****,
Have told the people who are RECEIVING the free ****,
That the people who are PAYING for the free ****,
Are being mean, prejudiced and racist.

So... the people who are GETTING the free ****,
Have been convinced they need to HATE the people who are PAYING for the
free **** because they are selfish. And they are promised more free **** if they
will vote for the people who force the people who pay for the free **** to give

them even more free ****.

And - - - - - that's the Straight ****!

 

Oh ****!

 

Hmmmm - a bit of oversimplification there perhaps? According to Mr Gecko of Wall Street, 90% of the total wealth of individuals in the USA is held by 10% of the population.

How did this happen ?

Lets say certain dynamic individuals co-opted a lot of other individuals to build things, move things and buy things on vastly imbalanced terms, using up public resources under licence from their political friends (employees). Heck - George Washington was the largest landowner and in the top 10% of wealthy individuals, and he built the Government !

This unfair sharing of the human resources started with the importing of very cheap labour from Africa in the 1800's, the impoverished hordes from Europe right through to current slave labour coming over the southern borders as I type.

Now, if someone 'invites' strangers into their home, and forces them to stay with economic handcuffs, don't be surprised if you are suddenly asked to help with their other necessities, when you haven't paid them enough, or given them the same amount of natural resources, to support themselves.

To make it worse, a huge amount of the wealth accumulated by the top 10% is now invested in other slave labour locations around the world (car plants in malaysia, shoe factories in china, soya beans in south america etc) - so the money isn't even in the USA to re-invest and create jobs any more. Didn't anyone notice ? Sure - I have a BuckMinster Fuller book written in the 1950's, warning of this problem.

Was anything done about it ? Nope. The Chinese aren't making the same mistake, letting 'free enterprise' (or as Mr Gecko calls it, Greed) collapse in on itself like other big civilizations have done through political ineptness.

Now, everyone is blaming the Politicians for the problems - that's like complaining to someone in a call centre of a large corporation, its never going to get back to real power is (the people with money who paid for the advertising of the politicians who got into office).

What can be done ? The same as every other civilization from Egypt through to the USSR - every man for themselves, and the standard of living will drop dramatically for all but the 10% of rich people and a few of their strategic friends.

 

How does the wealth distribution of Australia compare?

 

Not very much different, but a little more spread at the top as "the system", has not fully taken hold here yet...