Global economic situation for liveaboard cruising yachties

This is the story of some of the corruption created by the USA banking system.... Everyone who has any money in any bank should be persistently asking questions and demanding that rules and regulations need to be fixed... So show me you have done that... (got rid of all "toxic debt", dubious paper vehicles to transfer doubtful debt and other potentially phoney monetary instruments)... or give me my assets in gold bullion bars.... as I am withdrawing my accounts in 14 days...
Here is why... http://financialsense.com/fsu/editorials/karn/2009/0715.html

http://financialsense.com/Market/wrapup.htm - For me, how does one explain the anomalies in that essays' postulation of a bullish outlook? when VOLUMES are so very low... - A "conspiracy theory" suggestion is more Madoff shenanigans, - buying each other's shares at inflated prices but very low volumes, (sufficient to revalue their extensive undervalued portfolio), and justify hefty bonuses as re-valued assets, declare greater value in the held portfolios.... Thereby showing huge increases in the profits of the "bailed out banks"....????

 

actually ETF's are a broad array of stocks expected to perform in whatever manner over the short term
one way or another
up or down
rather than one single stock and one single company
they would have to all collapse at once in order for it to go bust
could happen
but not likely

havnt time to read the rest
B

 

Today I am fairly laid back so for my pleasure in making up comments, here is "the good, the bad and you're screwed" - http://financialsense.com/fsu/editorials/schiff/2009/0716.html the gander is now producing nothing - the goose went overseas to work & live...

NOT THE VENERABLE GOLDMAN SACHS? - how can you believe that "legitimate" turnaround - is it just ******** to hide insider-trading, deceit and theft? - but not this essay - - - - - http://financialsense.com/fsu/editorials/willie/2009/0716.html as the consequences and outcomes seem imminent and very serious....

an interesting essay http://financialsense.com/editorials/salinasprice/2009/0716.html read it carefully, as at first glance "says nothing", but is really very important...

On a lighter note, usanians may have the crap taxed out of them? - so who will have anything to tax? http://financialsense.com/editorials/casey/2009/0715.html

 

For Boston, - - - - S&P 500 Large Cap index - - $SPX - - up or down? http://financialsense.com/Market/wrapup.htm

and from 17th http://financialsense.com/editorials/swenlin/2009/0717.html

all fellow gold nuts rejoice? http://financialsense.com/fsu/editorials/trendsman/2009/0717.html

 

I gave those reading "grumpy..." something to get their teeth into, now it is your turn here http://financialsense.com/fsu/editorials/deepcaster/2009/0717.html and you have been told this in other ways before...

http://financialsense.com/fsu/editorials/cnc/2009/0717.html "America is sick?"

Oh Ohhhh - - - look out? - - http://financialsense.com/fsu/editorials/zweig/2009/0717.html

Consider this # Statistical Manipulation versus The Real Numbers http://financialsense.com/fsu/editorials/deepcaster/2009/0717.html

Substantial Cartel advantage is the ability to manipulate and/or manufacture (e.g. by using the classic technique of ‘Painting the Charts’) Key Market Price Patterns and Statistics. Key Official Statistics are often far removed from the Realities of the economy and market place. For example, consider the latest Real Numbers versus the Official Versions, thanks to Shadow Government Statistics.

Official Numbers vs. Real Numbers

-1.4% . . . . . . . . . . . . 9.3% - (annualized June Rate) - - - - Annual Consumer Price Inflation reported July 15th, 2009

9% . . . . . . . . . . . . . . 20.5% - - - - - - - - - - - - - - - - - - - - - U.S. Unemployment reported July 13th, 2009

-2.5% . . . . . . . . . . . . -5% - - - - - - - - - - - - - - - - - - - - - - - U.S. GDP Annual Growth/Declined reported June 25th, 2009

All the above Real Numbers are calculated by Shadow Government Statistics the old-fashioned way i.e. with the methods used before the official gimmicking of these numbers, which began in the 1980’s and 1990’s. See www.shadowstats.com and click on ‘Alternate Data’.

Consider, in more detail for example, U.S. Consumer Price Inflation and other key Data cited above: the sky-high energy and food costs of 2007 and 2008 tend to belie what we were told by Official Sources about the CPI. According to Official Sources, from 1992 through the beginning of 2008 the CPI never went much above 4% annually but only bumped up to about 6% late in 2008. But these figures simply do not square with our own experience of the inflation of prices of practically everything during that period. Nor do they square with certain objective measures as e.g. those from shadowstats.com (see above).

By encouraging massive lending and massive expansion of the actual Money Supply for years, the private for-profit Fed has guaranteed massive inflation. (Of course the private owners of The for-profit Fed profit immensely from this money which they “print” for free, because they then lend it to American Taxpayer with interest!) See “Coping with the Superpower-Cartel Threat!” (1/30/2009) in the ‘Articles by Deepcaster’ cache at www.deepcaster.com. Similarly, key Central Banks around the world that have conducted similar actions and have thus bolstered massive monetary inflation. What this means is that, in the long run, the U.S. Dollar and many other major currencies will buy less, much less, in the future.

Other key figures are gimmicked or “spun” as well, with the complicity of the Mainstream Media. Consider the cost of “The Bailouts.” We were told that the cost of “The first Bailout” alone would be $700 billion. But the true cost of that Bailout to American Taxpayers (and, indirectly to investors around the world) will be much higher. One November, 2008 estimate put it at $3.5 trillion and growing, and this did not (and could not have) included any subsequent Stimulus Bill or other Obama Administration authorizations.

Oh bugger, read it yourself - The litany of lies you gullible souls are fed and accept is beyond logic and comprehension...

 

It is not what you know but who you know - listening to the latter part (starts around half way through the podcast http://www.financialsense.com/fsn/main.html 3rd Hour with Jim & John Select an Audio Format - Part 1) till minute 36.5, bloody amazing - blatant fraud and market rigging and no one does anything... I am flabbergasted to a point way beyond swearing..... Goldman Sacks and rapes and pillages with total immunity???? - - - - - - Actually the whole of that podcast is of interest to all usanians...

 

Some of my "subscriptions" give me the impression that those in charge of fixing the American economy are doing their best to totally screw it... Or as little children, who are extremely reluctant to take their medicine, and must be force-ably held down and given the necessary medicine....

The rest of the economic world is on the verge of "dumping" US treasuries and similar instruments, before US policy makes them untenable as investments and heading fast to becoming just worthless bits of paper...

The US$, is a Global Reserve Currency, the "people responsible" are abusing that privilege, international stability of value is of critical importance and that responsibility is being abused and could well cause the sudden, rapid demise of the US$.... and its status and the internal US economy...

NO green shoots, just moss & mould of neglect & decay...
NO increase in trade (check loaded containers in and out and compare with monthly figures for the past 12 months)
NO improvement in employment levels (seasonaly unadjusted - more than 600000)
NO growth in employment (unused labour force exceeds 21%)
NO value from the "recovery stimulii" even banks are telling lies... WTF?????

What is going on in the bourses - stock exchanges - "gambling casinos" of USA? - - - Has everyone gone to Michaels "Fantasy Land" and taken an overdose of the pink happy pills.... Optimism in the face of certain despair? Much of the US populace appears to be behaving like the fabled Egyptian Ostrich by placing their heads in the sands of denial again/still - I am starting to get a feeling where I am lacking sympathy towards usanians now... The writing is on the wall, plain and clear.... Just because you think you are the greatest thing since JC does not mean that you are immune from disaster, just have a bigger and harder fall... DO YOUR OWN DUE DILIGENCE...

Goldman Sachs - A Vampire on the Jugular of America http://financialsense.com/fsu/editorials/schoon/2009/0720.html
'Hope 09' - a plucky little bugger - - Why are they so easily fooled and misled? http://financialsense.com/fsu/editorials/tanashian/2009/0720.html "...Here is the 'tell' on this racket: With the improvement in corporate 'earnings' and the 'hope' for an economic recovery that is based in anything real, should not the dollar be benefiting as pressure is put on treasury yields to the upside? No, the story remains the same here in Biiwii land; we are attempting to pump life into the corpse of what was, a bloated, greedy system that will no longer function effectively or sensibly and the US dollar remains the barometer in this effort. 78 has long term significance. Let's watch the drama unfold...."

Can't See the Forest for the Trees! - - The US has again proved itself to be blind and can only blame itself... http://financialsense.com/fsu/editorials/hoy/2009/0720.html

A long wait forecast for full employment to return - - http://financialsense.com/fsu/editorials/cherniawski/2009/0717.html

 

For "Boston and the Day Traders" - do you sing requests? http://financialsense.com/fsu/editorials/petch/2009/0720.html and a Magic Pudding? http://financialsense.com/fsu/editorials/bloom/2009/0720.html

a background briefing from the crystal balls of a tardis? http://financialsense.com/fsu/editorials/tetreault/2009/0720.html

Charts galore for "gold-bugs"... http://financialsense.com/fsu/editorials/vermeulen/2009/0720.html and in conclusion, a cautionary note? "Unlimited Debt, When the glass overflows, we all get wet" http://financialsense.com/Market/wrapup.htm ...enjoy...

 

Read the definitions at the end of this essay to get an understanding of the possibilities for a new economic climate compared with current ideas... http://financialsense.com/fsu/editorials/quigley/2009/0721.html (I think???)

http://financialsense.com/fsu/editorials/delta/2009/0721.html "Growth" is the new evil, - - - "co-operative sustainability" - or - life as in "Soyolent Green"... The times they are a changing...

"...25% Unemployment & Underemployed; Bank or Hedge Fund; Beware of the Allure of Debt..." these stories count listen to the podcast - - 3rd Hour with Jim & John, - - Part 1 http://www.financialsense.com/fsn/main.html .... AGAIN .... The important thing with "unemployment" is the difference between the total number of people available to work less those who are fully occupied in a productive activity and remunerated...

14:30 22 July 2009...
What is happening in the "news of the world" in economics? - - nothing but "rental opportunities" - (who is up whom and who is paying the rent or just squatting) - seems like another mystery day, waiting for some fool, (Geitner, Bernanke, Obummer?), to make a pronouncement that will cause massive market movement? My money is on Gestehtner (old roneo machine that uses a hand crank)...

 

hey just In from a road trip to pick up some timber
whats that got to do with the economic condition
well they were so overstocked ( lack of sales ) with rough cut they gave me a little extra
50% extra
no charge
I had to rent a bigger trailer
basically I was within 120 lbs of my legal limit on the front axle
rear was also maxed and I was dragging the full 20,000lbs as well
and yes the highway dep checked in each state I entered
truck was struggling but made it
floored would barely do 70 and that on the flat
dam
now I got to unload this thing
were to put it all

these guys were jam packed with lumber in every shed
no wonder they were giving it away
they suggested if I wanted another load
same deal
dam
if they only had some black locust
B

 

Boston, what is the feeling you get driving through? My subscription extras have gone down from about 15 a day to about 3 emails and posts here (boatdesign) have significantly decreased (indicating to me, lots of worried people not interested in talking or 'shooting the breeze'?

Nearly all of the other subscriptions from USA are into preserving the value of ones assets and batten down the hatches as it is going to be a long and nasty storm, made worse by trying to spend ones way out with masses of added debt, to me I fear something like a bad version of 'Japan over the last 20 years' and the very real threat of a Zimbabwe situation to come... My guestimate is USA has a true (raw) unemployment level exceeding 25%, is that borne out by observation/gut feeling? - - - Australia is difficult to tell as the unemployed can rely on getting "the dole", (no cut-off time), whilst they are providing fortnightly evidence of actively seeking employment...

The news has little on the macro situation, or, well researched analysis, - - just domestic stuff like dog bites child, or, politics really glossed up with motherhood statements to keep the masses/peons quiet and appeased... Of course there is the weekend rugby match where "Centurions" (paid mercenaries) or "Gladiators on steroids", do bloody and savage battle - another sign of a falling/failing "empire"...

Several hours later.... - -

Having done most of the reading - - still non the wiser, with regard to macroeconomic trend potentials... - - A key may be Bernanke's pontification, and how the heard interprets things? - - so I am sitting on the side... In the meantime, I will concentrate on working out details for my boat build, - - Seeking data from which to make a selection of items to be purchased later - - - batteries, PV panels, DC genset and so on as well as weight distribution on board...

Any insights or perceptions would be most welcome - so please post your analysis of the current economic trends in a global context.... Gold bullion is STILL AU$1166/oz for how many months and all the volatility? - - They will have to call the AU$ "plastic gold" as the relationship is like it is held by epoxy?????

 

well the drive was mostly across I-80 the one of the main truck routes
was not nearly as packed with trucks as usual
still a lot, but not as many as seen on previous trips
I drove about 1500 ttl miles and mostly saw corn, cows, truck stops, straight out of the fifties and rolling hills gradually turning into something resembling Fanghorn Forest but taller by the time I got to Missouri and the mill site
the place is right out of a story book
they got a circular pit saw taller than I am
and they were every shed to the roof with cut lumber
they basically set me up with everything I could carry and only charged me for the half I had asked for
they sounded dam thankful for cash as well
real back woods folks
small town about twenty miles away was falling apart
Ild say more than half the buildings in town were boarded up and the other half in desperate need of paint
the roads were either trashed or new
not much in between
kinda makes me think that the at least some of the stimulus money isnt going to graft
Ild say they were in dire straights
nice polite folks happy to see out of town'rs
and not going to let on about there troubles
were itching for me to come back and get another load

along the way the few places I stopped seemed in better shape though
not a lot better
but certainly not the wreck that poor town was in
nice buildings to or at least they once were

Im going to say unemployment round here is bound to be about 15~20%
25 is pushing it but who am I to say
no one really knows

ya the news round here is all Michael Jackson
and who done it
pardon me while I puke
guy was a screaming drug addict fruit loop child pervert
who cares
yup once upon a time he could write a song
time flies and that boys lucky he isnt behind bars playing possum for a large man named buba
maybe getting a little of his own medicine

I looked in on the S&P and its retarded high
no business at all being were it is if you ask me
not that I really care why it is were it is
I just need to see it doing something predictable and I can make a buck
but something is fishy whey gold doesnt flinch and the market is that volatile
you are sure right about that mate

my analysis
I need a beer
I drove for three days and just now finished unloading the truck
by hand
took about 7 hours, two guys
I haven't even glanced at the economic pages in three days
no way I could give you an accurate assessment from my end

Im off for a drink and an evening out
Im beat but I got an urge to go socialize
best
B
give me a few days to get back into the swing of the economic trends
at the moment my biz is booming and Im struggling to keep up

cheers

 

Thanks Boston, what you gave was good - Just driving down the streets usually gives a feeling (lawns mowed, public facilities maintained, road verges on the highways and by-ways maintained and clean) all suggests community pride and local govt is working and community is not destitute... If roads and towns seem unusually quiet suggests many are feeling the pinch in their wallets...

Looks like the US$ may be falling against AU, Euro, Canadian Dlr... Will Bernanke do his usual fix to strengthen the US$ position or 'weaken' the gold price? - - Gold at US$952.6 (Au 1162.31) US$ index 78.76 yesterday http://stockcharts.com/h-sc/ui?c=$usd,uu[m,a]daolnyay[dd][pb50!b200][vc60][ilb14!lh14,3!la12,26,9] and continuing down...

 

Is this a view of what may occur inside the USA soon? - -

"SECRECY & THE INSIDER TRADE - - Bank holiday plan execution must be kept as surprise, since reactive preparations undermine the impact of the vast theft planned, both overt (from devaluations) and hidden (from stolen accounts). Those who wait to take action lose all opportunity to benefit, and will surely lose significantly. The major central banks are very likely accumulating gold bullion on a net basis. Surely the Chinese, Russians, and Arabs are. If a planned US bank system shutdown occurs, its powerful effect would be muted by publicity of an unfolding, hence reducing insider profit potential. The pristine pure-bred Ruling Elite would be forced to share benefits with unwashed unworthy Plebeians. People would remove deposits from banks likely to be gobbled by Wall Street zombies, as withdrawals could later be limited. People would transfer money out of the USDollar and into the Euro or Gold or Oil, before a grand US$ devaluation occurs. Next comes the threat of capital controls, limiting currency transfers across the border. The insider trade of the century will likely remain within the domain of the big bankers and other predators who have succeeded in looting the wealth of the nation. If word of the plan spreads, then people can prepare and take defensive action. No opportunity will be afforded those who wait until the news breaks. They will be subjected to different price structure on assets, perhaps a big quantum change, with the US$ lower, competing currencies higher, gold higher, and all commodities priced in US$ terms higher, led by crude oil and industrial metals. Pay little attention to formal denials, and those by the intellectual servant harlots. They have offered little truth or fair warning of crisis in the last several years. Prepare!!..."

I have heard (read) similar stuff whispered about... Very strange, but in the case of USA, quite plausible... It fits in nicely with talk/moves to abandon/neutralise the US$ as the "reserve currency" of international trade... The above scenario can be construed as a last ditch effort by the banks that own/control the FED to cream off their last heist... The US it seems, has nothing constructive to offer the rest of the world that would counter the wild and unappreciated variations in forex and commodities prices fixing etc by friend Bernanke and affiliated bankers as they continue to rort the system...

I am afraid I don't understand the forces driving the US stock markets now, except to concede that greed and "something for nothing" is still driving the American Psyche - Has absolutely nothing to do with the oft claimed "Christian Morality" there, as that seems as false and evil as the Antichrist could inspire... This is a sad state of affairs as there must be many good and moral people who have been effectively silenced by the fear of being 'branded a terrorist'... Shades of Macarthyism? and the enemy within, "reds under the beds" paranoia? The blindness of the populace, afraid to say "The King has no Clothes"? - Have the plebeians been so blinded by the view of the herd and a desire to be with "the moral majority", that has a hidden and rotten core?

 

What did you buy Bos? Wormey cedar?????????????????????