Maybe Massalai was right after all

Soros is just one more voice. http://fistfulofeuros.net/afoe/a-month-in-spain-that-didnt-shake-the-world/#more-9388

In Europe they are putting cash starved countries on diets. In spain they have over 20 percent general unemployment and 50 percent unemployment among some age groups. Locally ,construction industry contract activity ..a major employer ...has shrunk from 180 million to 80 million .

People are losing confidence in the instituions entrusted with dealing with the crisis . Lose of confidence is social unrest .

 

Don't trust Soros,he's gaining from whatever he says.

 

Hi david.
Nice to see new faces, got any perceptions as to local sentiment ? - or - links to those who are bold and declare what they feel?

Hi Michael,
Thanks, Any supporting comments with any links would be appreciated -

Unless some magician manages to pull some astounding surprises from a hat, and Bernank assuring all that " - interest rates would be held low till 2014 - " http://www.abc.net.au/news/2012-01-26/us-to-maintain-low-interest-rates/3794216 ensures that to be unlikely, and hyperinflation and a boom in gold and silver BULLION is likely... I feel public sentiment in disregarding the banksters and their minions (politicians and talking heads of mass-media) as BS artists is likely soon? - - In favour of "civil action"?, as may be seen eventually... Whose side will the Military, Police and Judges take?

A game may be afoot but how long it will drag out is anybodies guess? A Military coup in PNG is under way... http://www.abc.net.au/news/2012-01-26/military-mutiny-underway-in-png/3794314

 

http://www.abc.net.au/news/2012-01-26/leaders-gather-to-discuss-spiralling-global-economy/3794206 "Leaders gather to discuss spiralling global economy"

http://www.abc.net.au/news/2012-01-26/wall-st-up-on-fed-interest-rate-announcement/3794418 "Wall St up on Fed interest rate comments" - - Because the BANKSTERS have been given a big bunch of FREE MONEY, (QE 3, 4, 5 and more), to play with and screw the legitimate economy even more with their market manipulation and intervention...

http://www.abc.net.au/news/2012-01-26/kylie-minogue-to-front-mardi-gras/3794310 (That is the famous GAY mardigras) "Kylie to party at Mardi Gras"

 

http://www.caseyresearch.com/cdd/doug-casey-collapse-euro-and-eu "Doug Casey on the Collapse of the Euro and the EU"

http://www.dailyreckoning.com.au/getting-out-of-dodge-part-ii/2012/01/26/ "Getting Out of Dodge: Part II"
an extract.....
- - "L: Don't worry about exactly where the edge is, just assume it's there and take appropriate action?
- - Doug: Yes. It really is there. It's a clear and present danger. But most Americans are as oblivious as most Germans were in the '30s. In fact, most of them support what's going on, just as most Germans supported their government in the '30s and '40s.
- - L: So... don't worry about figuring out exactly when the gates will shut. Assume they are shutting now?
- - Doug: That's right. One should be actively and vigorously looking to expatriate assets, cash, and even one's self. A prudent person will always be diversified politically and internationally.
- - L: What about people who have jobs they can't continue doing from abroad and who need the income?
- - Doug: They should still prepare, as best they can, to be ready to go on a vacation when things get hot - a vacation from which they might not return for a long time. All that needs happen, with the hysteria that's building in the US, is for a major terrorist incident - real or imagined - to occur. Homeland Security will lock the country down.
- - Look, I know it sounds extreme, and the comparison to pre-WWII Germany has been made many times, but it bears repeating. Germany was the most literate, civilized, and even mellow, in some ways, country in Europe. It was much admired all around the world - a nation of shopkeepers, small farmers, and scholars. But the whole character of the place started changing in 1933, and it just got worse and worse. By the end of 1939, if you weren't out, you were done.
- - L: [Pauses] Well, not a cheerful thought. Actions to take?"

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http://www.dailyreckoning.com.au/si...rom-the-great-bear-of-wall-street/2012/01/26/ "Sit Tight With The Bull Market: An Investing Lesson From The Great Bear of Wall Street"
- I am not of the "right temperament" to successfully play the markets... So I do not... but it can be fun just to watch and pontificate...

http://www.gata.org/node/10921 "Gold went mainstream today on QE to infinity, Sinclair says"
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?? it was 17% per anum thats better than most companies and any stock portfolio.

Inflation will eat you yes only if you take from the principle, does'nt work mahtmatically untill you add the time of death which is rarely over 100.

Inflation depends on what you buy, If you insist on Canadian lobster thermodore and swiss cheese then you have a problem. I live locally and never ever buy anything that has gone up in price.

The mad consumerism and unintelligent shoppers of USA and Europe dont do this, they just ask for a rise to cover it and make it worse.

I went to Thailand 23 years ago and the price of a beer and Hotel has not changed yet fuel is 10 times as much.

 

Where was that ? - here: . . http://www.boatdesign.net/forums/al...alai-right-after-all-37788-55.html#post522826 I was responding to the point by mydauphin you quoted and sort of supporting your response (maybe?)

I think the topic was about govt bonds (treasuries) as an investment vehicle of apparent preference in USA... which are effectively NEGATIVE (paying under 1% and inflation at 3%+ . . . give or take, . . as I am not familiar with the numbers in USA, let alone UK or Europe)

Many pundits are announcing medium to short term expectations for returns on Treasuries as being held at less than 1% till at least 2014, as guaranteed by Bernanke yesterday... to live off the interest receipts you will go backwards fast as the value of the asset is also decreasing rapidly... Consider the expectation in Europe of an imminent financial market collapse and consequent inflation building up to hyper-inflation, (inflation is a debasement of the value or 'purchasing power' of the currency - - Market manipulation/intervention explains volatility and variations in different products)...

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Now for a bit of truthful cheek.........
- - - Beer is possibly made locally from partially recycled urine, with a bit of filtering, a bit of alcohol and flavour added - - so costs may be fairly stable...
I settle for the local brew and food where possible... It is fresher and less travelled...
- - - Petrol is a finite commodity that is used ONCE and is expensive to refine & transport, - and more and more difficult to find & pump out from under the ground...
I settle for the local product if it is available.... Else there is none? as to make ethanol from diverted food crops is BLOODY INSANITY and a huge waste of resources and food... and whoever does that is a traitor to humanity...

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http://www.gata.org/node/10922 - - "India mum on possible use of gold to pay for Iranian oil" says in part: - - "A reputed Israeli intelligence Internet site has claimed that India is opting for gold to repay crude oil supplies from Iran. Given the US and EU embargo on Iran, payment in hard currency, such as the US dollar or euro, is very difficult; hence, this barter." - - Significant collateral damage imposed on a friend (India) by Europe and USA in embargoes on Iran will not be viewed kindly by most of Asia.... When will bloody arrogant and non thinking white leaders wake up to the forgotten impact of "collateral damage"? "Keeping the Iran crude oil tap running is crucial for India, which depends on imports to meet around 80% of its oil requirements. Iranian crude accounts for a 12% share in India's total oil imports and any threat to this would have grave implications for the Indian economy."

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EMBARGOES DO NOT WORK... Open relationships, free and honest trade, honest and fair dealings, genuine efforts to understand the other's point of view and local issues - - - DOES WORK, if you refrain from being 'arrogant-know-it-alls'.....

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COLLATERAL DAMAGE.... is damage to people or property that is unintended or incidental to the intended outcome.[1] The phrase is prevalently used by USA as an euphemism for civilian casualties of a military action. http://en.wikipedia.org/wiki/Collateral_damage
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Beer is mostly water as are we.

Beer is profitable.

A perfect womans breast fits in a champagne glass, the huge water melons Mc Donald eaters have is disgusting but ive never see Dolly Pardon nude.

 

""Beer is mostly water as are we."" and how long does it take for 7billion and counting to drink and then urinate the volume equal to all the fresh water in this little planet? (thinking... then treble that to include all other animals who drink fresh water and urinate?). ...... Yes Nature does most of the filtering, but..............

What is the old saying, - a mouth-full at a time is enough, - with both hands full, - is a bloody problem - one way or another...

I hope you are not talking of those 6 to 9 inch long stemmed tubes called 'champagne flutes' in modern "bankster-society", that one may see on TV at the races (*****/horse races)? ..... sadly the flatter glasses are quite small...
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http://www.abc.net.au/news/2012-01-26/riot-police-escort-gillard-abbott-from-protest/3795036 "Riot police rescue Gillard, Abbott from protesters"

http://www.abc.net.au/news/2012-01-26/png-military-mutiny/3794796 more on the PNG situation... video

 

Sounds like a depression in Spain on those figures. How you climb out of that with so many out of work, I couldn't say. You need more working taxpayers to pay off those debts. What a shambles.

 

http://rt.com/programs/keiser-report/episode-241-max-keiser/ - bored, then watch this video...

http://www.abc.net.au/news/2012-01-26/png-story/3795348 - "PNG leader claims end to mutiny"

 

That is the problem. Spain entered the recession in a responsible fiscal position. When the storm hit, High unemployment increased expenditure ,reduced the tax base and rapidly drove up the deficit.

. Spain can only escape by creating jobs....not dieting. Bringing Confidence to the banking system and appropriate financial stimulation are the only way to create jobs

 

Hi michael,
Except, - that the banksters can NEVER BE TRUSTED, - and they control where the money goes... (Into their own "get-rich-quick-schemes" that screw the people even more-so...) - - I can only suggest that you listen to the second half of http://rt.com/programs/keiser-report/episode-241-max-keiser/ very carefully as Mike Rupert, who was interviewed seems to have a good understanding of the state of play.... The whole show is less than 30 minutes and is 208.5 Mb ...

 

This has a nice ring to it but-


That "banksters" did not cause the dept crisis in Spain
Or anywhere else for that matter.