Global economic situation for liveaboard cruising yachties

Boston, if one is a citizen of usa, one cannot have another citizenship. And wasn't negrito born in Hawaii? From a few Hawaian japanese I heard they would love to leave the usa to become independent japanese republic of Hawaii, but until that happens, the islands are still usa...

 

he was born in 61
I think might have been 60 and the Hawaiian islands were granted statehood in 59
I think
I never really payed much attention to states history

I think they changed the laws about citizenship in about 73 or 4
dam I aught to be looking this **** up lest someone freak out on me
but previous to that you could hold duel citizenship
after that I think you had to pick one
my folks got papers to fill out when that law came into play cause I remember the big discussion as to whether to go with Canada or usa
I never actually lived on the Haudenosaunii homelands but all I need to do is show heritage and Im eligible if I ever chose to
there is no official citizenship
so it is entirely possible that Obummer had duel citizenship and gave it up
or at least thats what I heard over and over again after the appointment
Clinton actually won the vote and Obummer used the courts to devalue or disqualify her votes and
amazingly enough to create imaginary delegates in order to pull ahead of Clinton and move on to the presidential run
the guy is more of a schister than all of em combined
no one had ever seen that bs before
but
being not born a naturalized citizen I think it makes you ineligible for office
or some **** like that
at least thats what the conspiracy theorists all screamed when he was appointed

 

thats funny
friend of mine
( screaming hot by the way, ah memories )
I used to go riding with ( not intended as a pun but ok )
had a horse that you really had to watch out for
thing could fire a turd about ten feet
never saw a horse do that before nor since and I would not have believed it had I not seen it
we were on a trail ride and cough
nearly beaned the rider behind em

used to scare the other horses to

 

I don't know why, but anal jokes seem to work when all else seems quiet? Thank you for your story - I had a good belly laugh at 04:50 (in the morning)

Further American political interference? - http://financialsense.com/editorials/engdahl/2009/0713.html

This sounds a bit like a typical defensive American rant (as if USA never had done anything immoral etc....) reading carefully, a different message becomes clear - it is an internal message of the need to understand things from an external perspective, and understand why such measures seem quite appropriate for all but USA, so be prepared and fix your own house in readiness for the storms... http://financialsense.com/editorials/navarro/2009/0713.html

Boston, is this an indication of the demise of ETF's - when registration & a $149 report becomes free???? http://etf-master-trader.com/JZ29?gclid=CMvNh6mz05sCFRIcawodwhMpKA

I do not trust GLD or any other ETF's for that matter... read all about it, from some time ago - http://www.financialsense.com/editorials/turk/2007/0305.html and reiterated recently here - http://financialsense.com/Market/wrapup.htm "...Remember folks, all ETFs are not created equal. - - - Buyer beware!..." http://www.gata.org/node/7586 (bookmark this site to remind you of the fraud and theft that can occur - Madoff is not the only one...)

 

nah
ETF's are here to stay and the more people who pretend to teach how to trade em the better
this guy is talking about a system and systems never work
its instinct based on the trends and the news
both are ambiguous
I dont know a single person using a system that has been successful
rules
yes
systems no
but even then its more like guidelines instead of rules
and those change nearly daily
depends on the market fluctuations and the news again

 

next moment of humor in the whole thing is I just read an article in the BBC about how the US trade deficit is down and things are looking up because of it
right
we run out of money and cant afford to buy crappy products from overseas at the rate we used to so things are looking up ?
who writes that ****
job losses continue to mount and retail sales are down
but some fool writes an article in a major publication about how things are looking up
and manages to get published !!!!
somethings going on in that back office and its probably not sanitary
the market is on a downhill slide regardless of an individual days gains
and then there is more news on the home front
although one of the vacant houses on my street did sell my neighbor on the other side of me just told me today he has a few months to go before the bank takes his house
( Im ok with it, we caught him peaking in the bath windows at the girl one day when she was in the shower )
he can go no big loss
guy hit my car the other day and didnt leave a note
I busted him when I was able to match the paint he left behind with a new scratch on his car
and the height of the new damage on both cars exactly matched
( no idea what made him think I wouldnt figure it out )
I can see his car and the damaged area from my front walk
genius pure genius
I marched right up to his door
rang the bell and said
howdy neighbor I think you hit my car wanna take a look
he finnaly fessed up and offered to pay for it
I say the economy is weeding out the deadwood and should be left to do its work
these socialist recovery golden parachute bailout plans are only leading to further debt and are exactly at you described em Mas
taking money from the competent and giving it to the incompetent
if I can parley my pittance into what I got now in the midst of an economy like this
some fool with a bloody Harvard degree had better be able to at least keep his head above water

 

Just because he has a degree does not mean anything except he is "anal-retentive" and can read stuff and regurgitate it in an essay with proper attributes or in an exam, and still not know WTF it is all about.... It is the rare ones who can look at a big picture and understand what is going on - don't need a Uni-degree for that... How many understand what lateral thinking is, and what is meant by "thinking outside the box" and do that as a matter of course?

I got a doctorate from the School of HK (hard knocks) and gave myself a certificate to prove it - sits nicely amongst other legitimate certificates and diploma etc., and no one has picked it up yet, even when I ask "spot the fake" - they always go for the wrong one.

Is Obummer or someone due to release some bailout or 'stimulous' package - I got that feeling again... something is afoot?

 

socialist measures in capitalism are just as fatal as capitalist "measures" were for those "socialist" countries a decade ago.

usanians just do not understand that economy is a science, not ditch-digging that any fool can do. Capitalism was left to those ditch-digging fools armed with pneumatic hammers. Now, the holes are so deep, the only option is total dissolution.

Problem is, Osama, sorry Obama, is a naive little peon in hands of those diggers and is simply doing what they want. Honduras is another example of that hipocrisy. Democratically elected president ousted by rulling capitalist elite and military. Now, the funny thing is that the salaries of the honduran military are coming directly from Pentagram, sorry Pentagon, under the pretext of "help" to a poor little country. And the honduran "rich" elite are all milking the 5 billions from the economic help that never sees the streets once it reaches the Fedecamaras (Chamber of Commerce and Media, which is all property of honduran judges, colonels and right-wing parlamentarians)

The junta would fall in a week if Osama, I mean Obama..., decides not to recognise them and pulls the plug on the money, which is still coming unhindered into Honduras, direct into the criminals' hands.

And why did the cue happen? Because democratically elected President Zeyala had started converting the airport, in an air base rented to usa, into a civilian airport and indicated that when the time comes yankis are going home. Which would have been in a couple of years, with the President still in the office.

So usanians threw him out. MERCOSUR have denounced the usanian ambassador to Honduras for his direct involvement in the cue. And are trying to clarify his exact role in this "usa democracy exercise" yet another of many ******* up our continent, just so the stupid yankis would rule the region as if it was theirs.

The dictatorship continues. And it goes to show that Osama, sorry obama, is no better than previous pigs on the trone of the nazist imperialist beast.

Business as usual in the devil's homeland. No wonder the world is such a stuffed place. Can't wait for 2010. Go Dr. Ponomarev!

 

masrapido, is someone really in full "political" steam tonight... hehehe... I thought I removed the "politics" from the thread name? Ohhh well, as one who is known to pirate the occasional thread, how can I complain? Certainly waxing lyrical...

Sad to report, such seems common practice in many cia operations, with plausible denial of course and the big media inside USA never covers that stuff so the good citizens still think all is pure and self-righteous from their perspective... I still have much affection for usanians - - but - - certain echelons - - well - lets not go there...

I would rather hear about economics and naming those who deserve admonishment for cheating, fraud, and other forms of corruption for personal gain because other means, (making honest earnings through diligence, hard work and fair dealings with all parties), are beyond their limited mental acuity, competence and self impotent arrogance...

I have berated the limited capacity of Australia's lacking management & politicians directly - of occasion - and much of our management derives its competency by applying "Peters Principle" [modified by me for locality] ( http://www3.hi.is/~joner/eaps/y3_95367.htm ) effectively as is wont in all to many bureaucratic empires where the creme rises to the top because it has become rancid with stabbing in the back all opponents who were foolish enough to think ETHICS, fair-work, team-development was the MERIT based factor in promotion.... and achieves a level well above each individuals personal competence... Solely a measure of their skill in covering their own arse/back and being able to blame others of errors....

 

Well, I have been watching forex and gold prices again (still) and the only thing that has been moving (via manipulation by the agents of the FED) has been the exchange rates - My buy and sell price of Gold has remained remarkable steady and stable (which I do not want) and the exchange rates for fiat currencies have been VERY volatile which would REALLY PISS any business buyers & sellers (which at present does not really matter to me as mostly, I can buy local stuff that I need quite reasonably...

That begs the question, when, Mr Bernanke, are you going to concede defeat to your grand and useless manipulative plans that are screwing the good citizens of USA, and let business sort itself out, and cease your corrupt practices, Have you not seen your compatriot go to jail? Have you not figured, you may be next? - - - Run now and take all your cohorts too, and try to hide...

 

Todays suggestions for reading (essays that may tickle your interest) - - Guess What, it ain't “stimulus” or quantitative easing... - The historical record suggests what brought us out of the Great Depression - http://financialsense.com/editorials/litle/2009/0714.html the $787 billion dollar stimulus package “has worked as intended.” (paraphrasing Obummer) - correct answer was "...sweet fcuk all..."

For the day traders, it may be timley to switch to gold in some form? http://financialsense.com/fsu/editorials/degraaf/2009/0714.html - - My runes, casting stones and crystal balls still seem bereft of inspirational turns/moves but my testicles feel a big change is close (gone into protective hiding)

"It's all just one big lie," On December 10, 2008, spoken by Bernard Madoff http://financialsense.com/fsu/editorials/2009/0714.html - - - Many more to be cast naked and shown for what they truly are - Your help is needed...

To leave you in a state of utter confusion - which way will the US$ head up or down (strengthening prospect of down methinks?) http://financialsense.com/Market/wrapup.htm is "neutral" at the moment...

 

not sure you can even day trade gold mate
maybe
but I never tried it
even if I could I wouldnt cause of the volatility is unpredictable
thing about ETF's is thats its an average of an average
makes predictability a lot easier
probably why they are so popular
and there is endless data to support the trade
gold on the other hand is subject to serious artificial manipulation
very unstable and with limited day to day data
best guess on gold is it runs inverse silver
and even that is tentative

might be a great investment in the long run
but in the short term
not so much
depends on which way the manipulation runs

as for the Madoff thing
he did allude to there being other huge Ponzi sceems out there
but thats for us to find I suppose
eventually

whole thing is a mess
why do you think Im cool whith sucking money out of the white mans game
its a sham
always was
shorting only makes me smile
its my favorite trade strategy
its easy it fast and more often than going long
it works

I do wish you the best with your gold investments
dont get me wrong
but on a day to day basis
Ill stick with ETF's

 

If the 'bookie' (Market of ETF & many other options that have little to zero actual asset to support the bets you make) goes belly up what was turning over will disappear completely along with the trading house (bookie) and his/their bank (backers) in a fast vanishing cloud of dust...

Drastic changes seem to be very close - the environment is quite worrying... I think many people around the globe are feeling the tenseness too, supported by the apparent growth in "charismatic churches" and fatalistic emotions and movements... - - - even in the technical side of the markets with various theories such as "Elliot Wave" and other cycling trend analyses are gaining in popularity, as many seem to be seeking that extra edge...

I have also noticed a change in the demeanour of the regulars in their posts (interests, attitudes, quest, open-ness to other ideas) and a different style of newbie, and the replies are more inclined to be quietly helpful, as opposed to appear (amongst the oldies) to be seeking a bit of fun in antagonism (that style has almost gone).... The mood anticipating change can be felt 'in the air'... - - - WHAT & WHEN are the big questions...

 

IT"S SOCIOECONOMICS!
Mas, as much as I don't like you - it is nothing compared to the contempt I hold for Sea Bass. The short story tho, is that I can find a MoFo just that F'ing dumb and pig-headed in damned near any coffee shop in America. Why? The real world doesn't abide by these carbuncles. Where are they gonna' hold a job but McDonald's in a "South-Side" neighborhood or a coffee shop?

Recent Chilean immigrant and
welfare recipient/voter.

Now that we have established that there is no useful purpose for piece of **** welfare scum like Mas Rapido (Handle as per direction of his "wife", to be sure) why would you continue to inspire his nonsence by acquiescing to converse with him? I talk to you of little validity, I know, but I somewhat use your ignorance as a springboard to my soapbox - I don't do it actually expecting to benefit from you directly - HaHa! Really, it is just debate practice to better mop the floor with one that is a real challenge. Harmless enough. There is NO redeeming benefit in inviting someone like him to speak. Please stop.

She's sixteen, ya crackhead -
Maybe in France that's okay,
Sarkozy but don't encourage
The (base) One... he represents
AMERICA.

An easy debate because he's
wrong and guilty - except that
he gleeks wads when he talks
and I wouldn't want to risk it...
(Wouldn't have need to worry
'bout HIM leering at a young girl)

 

This is the image of one who represents greater evil than any that "mark775" postulated - DO NOT GO BY APPEARANCES... http://www.google.com.au/images?q=t...ase.com/attachments/093016/Bernard-Madoff.jpg


An email from Casey Research...
Doug Casey on Nuts & Bolts: Handling Bullion
(Interview by Louis James, International Speculator)

L: Doug, we get a lot of questions about how to handle significant amounts of bullion. So let’s talk about physical gold, and what to do with the stuff. First off, do you really think that people should put as much as one-third of their asset portfolios into physical gold?

Doug: Yes, I do, and at considerable risk of repeating myself, I’ll tell you why:

First and foremost, precious metals bullion is the only financial asset class you can own that is not simultaneously someone else’s liability. When you own an ounce of gold, you own an ounce of gold. It’s not just a piece of paper that conveys a right to it from parties that may or may not even exist if and when you want to turn their liability into an actual, unencumbered asset in your pocket.

With today’s markets suffering from volatility and disruptions of truly historic proportions, that sort of solidity is worth a lot – as you can see from gold’s continuing strength. The dollar is in huge trouble and is on its way to reaching its intrinsic value, which is very bullish for gold.

Second, gold is natural money. It’s uniquely well suited for use as money. Aristotle explained why, over 2,000 years ago, but in brief, it’s because it’s convenient, consistent, durable, divisible, and has intrinsic value (or, in Austrian economic terms, it has high intersubjective value).

So, if things get really bad and push comes to shove, you’ll always find someone willing to take your gold in exchange for things you need. Come hell or high water – actually, especially in cases of unleashed hell and high water – your bullion will still be an acceptable form of payment… long after people stop bothering to pick up paper money blowing along the cracked streets of dying cities.

Third, gold offers excellent speculative upside at this time, precisely because the markets are so turbulent, with relatively little downside risk – again for the same reason; the fear factor will keep gold prices strong for the foreseeable future and could drive them to the moon with little notice. That’s not a ride you want to miss.


L: What about people for whom one-third of their portfolio constitutes a substantial sum – much more than you can stuff under a mattress? Do you use Perth Mint Certificates?

Doug: You’re right. Carrying a significant amount of value in gold coins is bulky – and forget about silver, which gets extremely bulky for larger dollar amounts. That’s an important consideration given how critical it is to diversify your assets internationally, so you’re not totally controlled by your own government.

It’s still legal to carry gold coins across borders. Gold isn’t currently considered a “monetary instrument,” so you can still arguably carry, say, 100 Krugerrands (worth about $100,000) across a border legally, even though you’re supposed to declare “monetary instruments” in excess of $10,000 in most places these days. But a large amount of gold could get you referred to a TSA supervisor, and I’d rather see a dentist who doesn’t believe in anesthesia than that. The rules and their interpretation are quite Kafkaesque. Although I promise that none of the TSA’s 50,000 employees will have ever heard of Kafka.

Vehicles like the Perth Mint Certificate are excellent choices for securing larger amounts of gold. They basically boil down to outsourcing your storage and security needs to a highly respected and secure vault, and in the case of PMCs, they are backed by the government of Western Australia. You own the gold, not just a paper or electronic promise representing gold, and can take delivery via FedEx any time you want. And the certificates are transferable, so there’s some liquidity to owning gold in this way, without having to take delivery. (Click here for more information on the PMC programs’ with our friend’s at Kitco or Asset Strategies.)

But that’s for after you’ve set yourself up with all the physical gold you want in your possession. Because as good as PMCs are, it’s still only a piece of paper you have in your actual physical possession. It’s only one step removed from physical gold, but a step removed, just the same.

If you are worth many millions, it’s obviously problematic to go around with several million in gold bullion on you, but you should have at least a few hundred thousand dollars of gold in your personal possession. The rest can be held in things like PMCs or GoldMoney.com, another good alternative. GoldMoney.com stores your gold in London and Zurich and allows you to transfer it electronically, which is quite convenient. I’ve known Jim Turk, who runs it, for many years and have a great deal of confidence in him. The last alternative is a safe deposit box in a foreign country.

Be careful with that, however. I was just in Switzerland last week, and they have gone from simply discouraging Americans to unilaterally closing accounts held by Americans (unless you also live in Switzerland and are a resident of the country). They’re sending checks to last known addresses, so you can’t have a dormant account anymore, like in the old days. And it’s even worse; if you’re an American with a safe deposit box in Switzerland, watch out, because they are closing those as well. If they can’t find you, some of the banks are opening the boxes and removing the contents. They set the stuff aside somewhere, not in a safe deposit box anymore.


L: What – they just dump the stuff in a cardboard box and shove it into a corner of the basement until you come and get it?

Doug: Well, not cardboard, but it’s serious. You can’t have a safe
deposit box in Switzerland anymore, certainly not with a major bank
(though there are private companies in Switzerland that still offer
the service). And it’ll happen in other countries too


L: Switzerland isn’t even Switzerland anymore.

Doug: I know. Switzerland was an idea, and like America, it doesn’t exist anymore.


L: So, are safe deposit boxes anywhere safe any longer? The long arm of the law is long indeed when it comes to the U.S. IRS.

Doug: That’s right. These agencies can do pretty much anything they want, and it’s become very problematical. You could establish a safe deposit box in Russia, and they wouldn’t be likely to cooperate with the U.S. tax authorities, but you’d be at risk from their own bureaucrats with guns. I’d forget about Europe – wouldn’t trust any of those governments.

Of the remaining possibilities, I favor Uruguay. Hong Kong might not be bad, since the Chinese aren’t going to roll over for U.S. officials, and Thailand has always been very neutral. Panama is a reasonable possibility. Canada is a possibility. With the exception of Canada, these places have the advantage of not getting a lot of American traffic, so it’s less likely that U.S. authorities will bother with the time and expense it takes to bully a foreign power into submission. Switzerland was well known and frequently used as a financial shelter, and that’s why it became the focus of so much arm-twisting by various tax authorities.


L: What about skipping the safe deposit boxes then, and going private? Would it make sense to leave smaller caches in various countries with people you trust?

Doug: Yes, it would, but you have to watch out for the mistake W.C. Fields made, of opening a new bank account in every new town he went to. After a while, he had hundreds of bank accounts and forgot where they all were. You don’t want all your eggs in one basket – but you also don’t want so many baskets you can’t watch them all.

You’ve got to be thoughtful and innovative. The governments are changing the rules, and you have to think of ways to keep ahead in the game. Think for yourself and be independent.

And this doesn’t just apply to Americans. The U.S. government is the big problem in the world today, but there are certainly other problems. The French and the Germans, for example, are pressuring the Swiss in the same way that Americans are.


L: Anything people should think of stashing, besides gold?

Doug: Well, they keep raising the taxes on cigarettes – a pack now costs $10 in some places in the U.S, that’s 50 cents per individual cigarette. If you’re American and are going to be storing things, you probably can’t go wrong building a stash of cigarettes. Even if you don’t smoke – or perhaps especially if you don’t smoke – every time you return to the U.S., you should buy the maximum amount of duty-free cigarettes allowed and store them.

The other thing Americans should do is buy a lot of shotgun shells, 9mm, .45, .223, and .308 ammo. Even if you don’t shoot, you can set those aside and store them too, because they’re going to be taxed and regulated to the nth degree. And properly stored, they keep for a very long time.

In fact, anything regulated by the Bureau of Alcohol, Tobacco, and Firearms -- one of the most corrupt, dangerous, and useless of all federal bureaucracies -- is likely to go up considerably in both price and value. It’s perverse that the U.S. has a bureaucracy to regulate the three things you need for a hunting trip or a good party. Maybe their next trick will be to convert the DEA into the Bureau of Sex, Drugs, and Rock ‘n’ Roll.


L: I used to write about the wisdom of stashing the “3 Gs”: gold, guns, and generators. All three are useful in and of themselves and have high resale values.

Doug: Yes, exactly. I hate to sound like an alarmist, but I really do think things are going to get scary – and if they don’t, you can still sell these commodities in the future.


L: What about diamonds?

Doug: I wouldn’t do diamonds. That’s a really specialist market, and diamonds have long seemed to me to be subject to artificial pricing. There are at least two separate technologies now that create totally flawless, real diamonds. They are indistinguishable from natural diamonds, except that they don’t have any flaws. But people will figure out how to introduce some flaws into those too, so I think the diamond market is in for a collapse at some time in the future. I could go on – let’s just say that for many reasons, diamonds are the one gemstone I wouldn’t touch.


L: Besides, they are less liquid. Relatively few individuals are trained to evaluate the color, clarity, cut, etc. of diamonds, whereas it’s easy to identify a gold Eagle and know how much it’s worth.

Doug: That’s right. And they are not divisible –I just wouldn’t touch them at all.


L: Okay. Is there anything else you would put in your safe deposit box today? Cash?

Doug: I wouldn’t put any significant amount of currency in one; that’s a guaranteed depreciating asset. I used to collect stamps, but no longer. I have no opinion on them as investment vehicles, but I came to realize that they are all relics of government monopolies, and I just didn’t want them anymore.

Rare coins are tricky too, though I’ve always enjoyed collecting ancient Greek and Roman coins, which are actually a form of genuine artwork. But I’ve never seen the fascination with collecting slugs turned out by the U.S. Mint.

In general, I focus on gold bullion coins.


L: Okay, Doug, thanks for another interesting conversation.

Doug: You’re very welcome – I hope this helps some of our readers protect their wealth in the tumultuous times ahead. That’s a primary focus of our new Casey Gold & Resource Report, and, of course, of the International Speculator, both of which I highly recommend for more information on the subjects we’ve covered.

EDITOR’S NOTE:
Dear Subscribers, we have discontinued use of the Questions for Casey link in Conversations with Casey. The intent for the link was not to offer personal investment advice or for Q & A in general, but rather to gather suggested topics, either timeless or topical to the day, for discussion in Conversations With Casey. We apologize for any misunderstandings.

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