Global economic situation for liveaboard cruising yachties

That may well apply for a closed economy, but when internal debt ( is like an intergalactic telephone number and external debt could buy whatever is still operating inside USA (not much)
http://www.boatdesign.net/forums/op...n-liveaboard-cruising-yachties-26558-174.html post #2597
USA debt burden is growing faster than Alice on the wonderland-mushrooms... Just look at this chart - - a fun view, which may be the most painless way to show the pain coming http://www.usdebtclock.org/ - - Move your mouse over the numbers at that website, and a popup will give a brief explanation & the data source...

(ignore the leading +'s below, as there is no way I could readily columnate) and show the totals of the grand debt of USA to date -
++12 trillion - - - . USA National Debt
+++2 trillion - - - . State and Local debt
++17 trillion - - - . Private (individual/family) debt
+++2 trillion - - - . Federal Money created by the FED (loaned to the Government for a fee payable to the FED)
+628 trillion - - - . Currency and credit Derivatives (includes some of the toxic debt generated by USA on housing and other defaulting loans)
++11 trillion - - - . Bailouts - - money also created by the FED and loaned to merchant bankers or Treasury for a fee payable to the FED
+++4 trillion - - - . Carry trade etc (loaned to merchant Bankers to facilitate loans external to USA to trade in Oil etc)
+106 trillion - - - . Unfunded liabilities (health, pensions, etc and soon a BLOWOUT with this new health cover)

give or take a trillion is 782 TRILLION... And that does NOT include the "toxic debt", sold as investment vehicles to stupid investors off shore (in Europe, Australia and many other countries where the Keynesian economic lie is also worshipped...)

http://www.shadowstats.com/ and http://www.shadowstats.com/alternate_data do not paint a rosy picture and uses and suggests money supply at 14 trillion? and GDP at MINUS 3% come on now.... Use some facts not ******** spewed forth by paid announcements of lies and deception on "mass media" - - the numbers are out there you just gotta know where to look and face reality...

http://www.shadowstats.com/alternate_data/unemployment-charts UNEMPLOYMENT at 22% and more... That is about 1 in 5 who would normally be at work... Go for a drive in some of the poorer "leafy" suburbs and check out the yards where kids are playing for sale signs and level of purchases in the malls (as opposed to people staying in a climate controlled comfort at no cost)
http://www.shadowstats.com/alternate_data/inflation-charts INFLATION at around 8% - - This you can verify by comparing your grocery bills November 08 to November 09...

 

Mark!!!! I miss you, man. You are just so much more amusing than Mike the Welder. I had an idea for you - start your own university to teach people how to do proper baby talk in amusing fashion. I will be posting some proof in a week or two, so some people can stop claiming things and we can focus on economics. But, hey, check out Steven Seagal Show cartoon on youtube. Very funny, I think you might like it.

 

It doesn't really matter how much of dollars end up in oversea reserves as long as the year in which those dollars were printed matches the GDP, from currency valuation point of view. Those dollars overseas still have the correct purchasing power if the other wants to spend them. Now, let's say you owe 5 trillion to somebody, and let's say you don't really want to pay them much back. All you have to do is devaluate your own currency by printing too much money, and if you do it slowly over the years, that 5 trillion will be equal to more like 2 trillion in real purchasing power. Let's say two guys get $300,000. On keeps the cash, another buys house in 2000. By 2005, that house has a market value of $600,000. That means the guy who held the cash and did not invest it in anything just lost half his purchasing power in real estate terms.

 

Frosty said something very interesting about capitalism, something about how it's who can cheat whom and best at it succeeds. It is a very true nature of capitalism - trying to sell product or service at the highest price possible. In real life, however, there are limitations to that kind of cheating, fraud, or overpricing. You may charge too much for real estate in 2005, but by 2009 you got foreclosures everywhere at a fraction of previous purchase price. So, long term cheating in capitalism is not easy to sustain. I am amazed at how long the Feds lasted with their fraud. It states clearly in Constitution that govt can issue its own currency, yet in reality it's outsourced to the Fed.

 

Oil is above the resistance of US$80/barrel and is predicted to top US$100 by May 2010 according to a couple of sources in Australia http://www.portphillippublishing.co...php?s=E9AOKC13&o=1768238&u=55169586&l=1612785 is one of them...

The image (thumbnail clearly presents the date (approximate) of "peak oil" as 2005

 

nyalex, most of the US$ floating around the globe is NOT from the printing presses and DOES NOT resemble a 'green-back' or any other value that is currently printed and generally accepted as US "cash"... The same applies to the internal situation for USA... Remember the old 10% rule in normal banking? Well that is possibly 100 times that or more on the US$... A full fledged fiat currency with nothing but faith, ********, naivety and stupidity keeping it afloat...

 

Yup ,--thats the silliness of the market. If enough people say it will, it will,--- due to immature investors wanting to jump on the band wagon and make money with the big boys.

Then the big boys sell and leave the immature with their pants down.

Summary,--- no real reason for oil to go up apart from roumer, panic, and greed.

 

That's exactly how Wall Street and corporate pals operate.

 

Oil is another scam. There is real demand for oil due to other efficient type of engines (hybrids, electric, natural gas, and yes, some that run on water, although many consider it conspiracy theory) not being brought to market. OPEC knows this and they produce oil along with non-OPEC producers. But, they control the price by controlling production. Prices fell so low by end of 2008, OPEC cut production dramatically to increase the prices to the levels they like. They can't increase the prices too much, because then it will be cheaper to walk, ride a horse, or buy electric cars (that will kill oil industry). I have seen small engines work in closed systems by using electricity to split H2O (water) into H2 (hydrogen gas) and O2 (oxygen gas). Hydrogen gas is explosive, can power engine. Then, because it's a closed system, there is no exhaust, both gases combine into water again. The guy said in the video that oil companies tried to buy it from him for a lot of money, a billion US if I remember correctly, but he never sold. Then he was killed, according to the story. Nobody know what happened to his invention. Anyway, to prevent govt from passing zero emission laws, the oil companies lobby the govt not to do it. If we all go electric, then they will lose huge sums. Somebody had idea about going to electric stations and simply changing batteries, shouldn't take much longer than filling the car with benzene.

 

nyalex, read this, it may help... http://www.financialsense.com/Market/wrapup.htm and http://www.financialsense.com/Experts/ewave/2010/0108.html and sometimes they get good essays...

On gold http://www.financialsense.com/editorials/casey/2010/0108.html
http://www.financialsense.com/editorials/phillips/2010/0108.html
http://www.financialsense.com/fsu/editorials/degraaf/2010/0108.html
http://www.financialsense.com/fsu/editorials/deepcaster/2010/0108.html
http://www.financialsense.com/fsu/editorials/brochert/2010/0108.html

on US$ http://www.financialsense.com/fsu/editorials/degraaf/2010/0108.html

on "helicopter Ben's mess-ups" http://www.financialsense.com/fsu/editorials/iacono/2010/0108.html

http://www.financialsense.com/fsu/editorials/bloom/2010/0108.html on everything?

on trader fatigue http://www.financialsense.com/fsu/editorials/dorn/2010/0108.html

 

http://www.financialsense.com/index.php some interesting speakers in the podcasts, download and listen over a beer of three...

 

First they rob people with .com scam (stock investors), then they rob same regular investors with overpriced real estate and subprime financial stocks scam (home equity/credit/what's left of stock investors). My opinion is that investors, while still have some cash left, put most or all of it bonds for safety of money market accounts and are not likely to come back into market to be scammed again. So, this morning there was news on yahoo about how small investors are not going for this bull rally. And I'm thinking ... there's a big surprise.

 

Yeah, that has been said over in the old, extinguished, thread. But it's worth repeating it just so it remains remembered how the crimsons operate and **** up their own, and other, countries in their primitive greed quest for "profit".

It would be rather interesting situation if people started buying gold/precious metals, and abandoned paper contracts (bonds, actions, shares, options, money, the full thing). Protest "trading". Share markets, burses, the whole system would collapse quickly.

A few crimsons would surely jump then...?

 

The problem here is it is not the seller who was hurt, but the purchaser who got soaked, or the financier who backed the purchaser and got dragged down due to the devaluation.

 

One more thing Listen well CASH FLOW is the engine of wealth; Gold is the way to a fixed economy, that is one that has micro growth in wages, if your lucky to have one, and business. Stagnate growth = no new products on the shelves, food shortages, because farmers won’t be able to barrow to plant, home loans will require 50% down if they are lucky, the only ones that will be happy are the ones that have socked gold away, I understand what a golden world would be, and it is not a pretty world. The early 1900’s are a world of a gold backed economy the dollar was at its highest value and people were starving from a lack of money, riots were common, wars were world wide because future growth required naked aggression on your neighbor to create CASH FLOW. That is all from me, I have other things to do that have a better return.