Global economic situation for liveaboard cruising yachties

Discussion in 'All Things Boats & Boating' started by masalai, Mar 22, 2009.

Thread Status:
Not open for further replies.
  1. G8R
    Joined: Jan 2010
    Posts: 8
    Likes: 0, Points: 0, Legacy Rep: 22
    Location: A2Z.

    G8R turd

    :) yep, that's the good ol USA
    When I bought gold at $260 I thought if the world goes to **** that I would be saved from an economic collapse. Years later I see gold as just part of the picture, you have to live ready to bug out at a moments notice, know survival skills, have routes planned, have food and water stashed, shelters planed where you can live for at least for a year, and you have to be stealthy the whole time. Well in that world I’m to old to run and hide, so when that time comes I’ll just put a bullet in my head and let the dogs eat each other.
     
  2. masalai
    Joined: Oct 2007
    Posts: 6,818
    Likes: 121, Points: 0, Legacy Rep: 1882
    Location: cruising, Australia

    masalai masalai

    No need for that extreme, just think of it as a bit of adventure and camping holiday, Help Boston with his build up near the Canadian border?... If anarchy disrupts normal bureaucratic procedures, just knock off a modest sail-boat left abandoned at the local marina and go "oceanic wandering" and follow the albatross... The armed "malitia and rabids will leave you alone in your "rubbish" boat as they will steal the gin-palaces and get drunk first before running it onto some rocky shore somewhere near the marina lead lights...
     
  3. Frosty

    Frosty Previous Member

    If I knew about paintings Ide buy one. If I could store a 3 liter Bentley last owned by Lord George Id buy it.

    I would prefer either of these than gold. Gold is something one makes jewelry from because it does'nt tarnish the skin. Its other uses are slim except that of its value.

    How could you possibly buy into something so manipulated, 16 times over sold? cutting in half stamped ingots and filling them with similar weight.

    I promise to pay the bearer on demand the price of 1 pound.

    2 years ago financial advisers and banks were telling people to borrow up to the hilt buy houses you cant afford. That was very very wrong. I was not affected by these opinions but Im now numbed at the results of financial experts. I am also numbed at any financial advise as it is quite cleat that no one knows **** all.

    When I was 35 I was running round with my tounge out and tail wagging thinking this is easy, -- it was. At 35 you have time to make a mistake.
     
  4. masalai
    Joined: Oct 2007
    Posts: 6,818
    Likes: 121, Points: 0, Legacy Rep: 1882
    Location: cruising, Australia

    masalai masalai

    I would like a 3 litre Bently, but I do not have appropriate storage, just a couple of small pockets, so to speak... besides cars should be just a minimalist means of getting from "A" to "B" by a reasonable road system... mine would not likely fetch more than $1500, which I will sell shortly after launching my boat...
     
  5. Tcubed
    Joined: Sep 2008
    Posts: 435
    Likes: 18, Points: 0, Legacy Rep: 318
    Location: French Guyana

    Tcubed Boat Designer

    OK .
    First of all "pointing at" , not categorically proves. As in i am fairly convinced (as are a lot of others) but it is still too early to be entirely sure. That is the nature of the beast.
    The links are both very mainstream and they do not want the public to stop...how should i put...how about just .. BUYING.
    You need to dig a bit deeper to get a better info.

    I remind readers that my academic training is in Maths and fluid dynamics.

    In the first article it states 125 000 barrels per day..
    which works out to approx 0.6 % of present day us consumption.
    What about the 3 billion in estimated reserves..?
    Which works out to - at present us rate of consumption...
    142 days - just for the us.
    Or about 36 days worth of crude for the world - at present world rate of consumption.

    Whoopee lets write about it in the news! those are great big numbers and almost no one actually bothers to do any maths .

    36 extra days of business as usual and it 's considered newsworthy?

    See why millions of humans are getting blown up in the middle east?


    As to there's plenty more under the sea. Sure there very well might be .
    Now why is it still there? Why have we not laid claim to it yet?

    In a word ; Energy Returned On Energy Invested. (Eroei)
    there comes a point when it is no longer worthwhile , no matter how much price goes up .

    This is why economics is always subserviant to the laws of physics.

    A fact completely forgotten ignored by most economists.

    ________________________________________________________

    Now this is interesting .
    Read it- let me know feedback.
     

    Attached Files:

  6. nyalex
    Joined: Dec 2009
    Posts: 47
    Likes: 3, Points: 0, Legacy Rep: -37
    Location: New York

    nyalex New Member

    Frosty is OK, Mark is amusing, Boston I like, no problems with others. You, on the other hand ... are an complete idiot. I will post proof on my profile just for people like you, give me a week or two to scan things. Hopefully I won't have problems adding things to my profile. So that will make all your accusations a bunch of lies and you will owe me an apology, but I don't think you will apologize. You are the kind of blue colar hypocrat scum that trash talks on forum and sends nice private messages. You have serious psychological issues. And what you know of psychology anyway? You have high school level education, more or less. Don't make me laugh about Brotherhood and welding, I help management bust up unions. Write them up for everything, late, insubordination, whatever, 3 write ups, fire them. Then bring all documentation to arbitration. Guess what? Day before arbitration court ... union wants to make a deal. Are you that kind of sissy? Play tough with your union, but in the last minute chicken out? No, you have no integrity and you will not apologize. And what kind of fruitcake join the navy to be on boat with only men for months at a time? On more economic subject for others, I bought lots of real gold in Thailand, not certificates in 2004 and 2005, sold it all by now. You risk holding if further. Now gold prices are at historic highs, very risky to hold. Buy valuable assets at historic lows, check trading charts for last 30 years. Adjusted for inflation.
     
  7. Boston

    Boston Previous Member

    ok back to the economy

    some group of fools still are being surprised by the downturn

    this from the BBC today

    I particularly like how all the numbers are played down

    US unemployment if calculated as it was originally would be more like 17%
    of course these days they do not include "underemployment"

    the real debt is more like 784 trillion

    unemployment is at its highest since the great depression and those jobs are not coming back any time soon

    unemployment in some areas is as high as 50%

    yikes
     
  8. G8R
    Joined: Jan 2010
    Posts: 8
    Likes: 0, Points: 0, Legacy Rep: 22
    Location: A2Z.

    G8R turd

    Tcubed, thanks for the 2025 Global Trends link, Excellent read that everyone should read, it had a few biased points of view, but that could also be my bias coming to play. anything else you have would be appreciated, at least by me.
     
  9. G8R
    Joined: Jan 2010
    Posts: 8
    Likes: 0, Points: 0, Legacy Rep: 22
    Location: A2Z.

    G8R turd

    I was going to say that the BBC numbers are total Bullpucky but you made that point :) I saw a map in the Design forum where someone colored coded all the unemployment rates in the US, 10% was the highest and the lowest was the central US with around 3%. what a joke, what he didn't have a map of, was the number of people on the "Dole" as they say in the UK, and the number of "illegals" that can't build houses any longer and don't collect unemployment.
     
  10. nyalex
    Joined: Dec 2009
    Posts: 47
    Likes: 3, Points: 0, Legacy Rep: -37
    Location: New York

    nyalex New Member

    There is denitely huge underemployment, part-timers, etc. But problem goes deeper than that. Official poverty line for person in US is about $11,000 per year, which is artificially low. You can't live on that like a normal person. In large cities like NY or LA you will not find rentals in open market for that amount and pay your other expenses. Realistically, poverty line should be $30,000 for US in general and about $45,000 for big expensive cities. Yet, gov't considers $50G per year a high salary and taxes large amount of it. Federal, State, Local, Sales, Property, SS, other built in taxes in alcohol, cigarettes, gasoline. As a single person, you will be lucky if you take half home. Gov't needs to recognize higher costs of living, reduce their taxes, raise poverty line, etc. But they won't do that, because it's not in their interests. Which brings us back to Feds - somebody has to pay for money gov't borrows from them, which is in hundreds of billions per year. You can have full 100% employment, but it won't help unless salaries rise or income taxes decrease dramatically.
     
  11. masalai
    Joined: Oct 2007
    Posts: 6,818
    Likes: 121, Points: 0, Legacy Rep: 1882
    Location: cruising, Australia

    masalai masalai

    The link to Shadow stats, http://www.shadowstats.com/ relies on ACTUAL Government raw data as published in USA abd DOES NOT NASSAGE the results and persents them in 'pre Clinton' form - still massaged but not blatent lies as is now look at the graph - :!: 22% inemployment :!: sadly, to get full access payment of a subscription fee is necessary...
    See post 2957 http://www.boatdesign.net/forums/op...n-liveaboard-cruising-yachties-26558-174.html

    A free site also using Government available data and presented as raw numbers is on the money position in USA http://www.usdebtclock.org/ which also identifies the source if you place the mouse/pointer over a number... Posted in this thread a week or so back I selected some of the numbers and added them up US$780 something trillion in the red :!:

    http://www.gata.org/node/8218 "Ron Paul's golden rule - - The Federal Reserve should answer to the government and dollars should be good as gold." - -

    One observation I have for the fools that say - "there is not enough gold!: - I say "There is!", if the price of gold reaches its true value as an extremely rare and valuable form of mineral, that cannot be made, and is durable, malleable and has been used for money for more than 6000 years... It will continue to stand the tests of time... GOLD BULLION is disliked by Keynesian economic thought because GOLD BULLION cannot be inflated and become another "economic-bubble", because of its rarity and because gold cannot be made, only recovered...

    http://www.caseyresearch.com/displayGsd.php "ECB Says No Bail-Out For Greece" - - There are some very interesting (non-gold/silver) links at the tail-end of this essay - Worth your effort and ensures you are will informed...
     
  12. masalai
    Joined: Oct 2007
    Posts: 6,818
    Likes: 121, Points: 0, Legacy Rep: 1882
    Location: cruising, Australia

    masalai masalai

    GATA has found out I am awake so herewith some more links
    http://www.gata.org/node/8220 "Julian Phillips: Gold price suppression and management to end" - - - HUH:? :D:D:D:D:D:D:D:D:D:D:eek: http://news.goldseek.com/GoldForecaster/1263002400.php
    http://www.gata.org/node/8219 "Max Keiser's 'On the Edge' interviews GATA secretary" http://www.youtube.com/watch?v=DHSug0NGXHE
    http://www.gata.org/node/8221 "Karl Denninger: 401-k / IRA screw job coming?" http://market-ticker.denninger.net/archives/1830-401kIRA-Screw-Job-Comin...

    http://www.caseyresearch.com/displayCdd.php?id=314 "The Sick Old Man of the Americas" - - All links and leads are thoroughly recommended - It will not be time wasted, as there is much to learn and understand, as always....
     
  13. G8R
    Joined: Jan 2010
    Posts: 8
    Likes: 0, Points: 0, Legacy Rep: 22
    Location: A2Z.

    G8R turd

    Yes, I sure do believe that! But :)
    The idea of a commodity for a currency is a problem for all the countries that don’t have that commodity, and a big advantage for the countries that do have that commodity. How would Japan do? or any country that have no commodities, only paper assets? What defines value? If they have tangible assets, but with no commodities they just lost most of their wealth. What about non tangible assets? Maybe we could base money on oil, or diamonds, rubies? All have the ability to serve as money, but favor countries where those items are just a source of income. Then what would happen if you based money on a commodity like Oil or gold or anything you want, and a year later they discover that the earth has what ever at its center and all that is required is any nation can drill down and get it. The wealth of the world has just disappeared. Why do you think the commodities are so volatile. Only the experts play in that sand box. Just talking about gold possibly backing the dollar by a talking head, would cause a spike, causing a loss for all the non-gold holders. I may not have said this very well, hope you understand what I'm trying to say.
     
  14. Bamby
    Joined: Jun 2009
    Posts: 5
    Likes: 43, Points: 0, Legacy Rep: 889
    Location: USA near Wheeling, W.V.

    Bamby Junior Member

    Some of you may find some of these links of interest:

    THE SILVER PRESIDENT; part I
    Charles Savoie

    “The Constitution of the United States unquestionably intended to secure to the people a circulating medium of gold and silver. Experience has proved the MISCHIEFS and DANGERS of a PAPER CURRENCY, and it rests with you to determine whether the proper remedy shall be applied.”---President Andrew Jackson, Farewell Address, March 4, 1837 Continued Here

    The Paper Hangers
    Copyright July 2006 Charles Savoie

    “Men may think what they please, BUT THERE IS NO CONTENDING WITH THE NATURE OF THINGS. Experience has every where justified the remark that WHEREVER PAPER IS INTRODUCED IN LARGE QUANTITIES, GOLD AND SILVER VANISHES.”---John Witherspoon (1723-1794), a signer of the Declaration of Independence, Presbyterian minister and mentor to the future President Madison, who strongly supported gold and silver money---
    Continued Here

    I also found this page of interest Honest Money Pt. 1 & 2 in it they claim in reality America was actually on a Silver standard with the value og gold standardized at 15 times the price of silver. I thought it was a good read with some history involved.
     

  15. masalai
    Joined: Oct 2007
    Posts: 6,818
    Likes: 121, Points: 0, Legacy Rep: 1882
    Location: cruising, Australia

    masalai masalai

    To tie one metal to another as a percentage is not advisable as that will only lead to future manipulation again... Each should be valued on an open and free market, where manipulation of the base (precious metals, tangible good and other tangible assets, such that outright ownership can be effectively and efficiently transferred and "shares defined" for partial portions of a large indivisible large good) is not available and rules are clearly defined... What I mean is that all "tangible assets" will have a value, being what the market will and does pay (not what you paid for it)... That would include food in edible or readily turned into an edible good, cars, TV, computers houses, land and so on will still retain value as present and would be expressed in two ways, what one paid for it and what one got for it when it was eventually sold...
    - For example, if you had a baby pig and you paid 20 for it and 28 days later sold it for 50 to be delivered after 28 days then the pig would have delivered you a profit (or loss) of 50 less the cost of caring for it and other overheads for 56 days and 20 in the original cost... But you would be able to calculate its net worth of cost after the first 28 days so a form of futures trading may be still available, subject to prevailing rules and regulations...
     
Loading...
Forum posts represent the experience, opinion, and view of individual users. Boat Design Net does not necessarily endorse nor share the view of each individual post.
When making potentially dangerous or financial decisions, always employ and consult appropriate professionals. Your circumstances or experience may be different.
Thread Status:
Not open for further replies.