Global economic situation for liveaboard cruising yachties

rasorinc, I have a feeling Boston mentioned what the was going to buy - some time ago but in another thread... Anyway he will surely answer soon...

Enjoying a bit of afternoon reading from GATA.ORG at http://news.goldseek.com/GoldSeek/1248373722.php It is not how much gold is there, but is there any left? else why refuse to have an audit done? Surely they have not lost about 8000 tonnes? are America's assets based on lies?...

"... - The financial events of the past year demonstrate beyond any reasonable doubt that the United States government is now of Wall Street, by Wall Street and for Wall Street, in general, and of, by and for Goldman Sachs, in particular. This inversion of power and privilege was partly brought about by an explosion in government debt. The government relies on Wall Street to roll over existing and sell new debt issues. Debt is now hitting the market like a tidal wave, given the country’s record-shattering deficits and costly Wall Street bailouts. If the paper cannot be sold at expected interest rates, then the debt-addicted system will go into seizure.

The radical empowerment and enrichment of Wall Street has transformed our democracy into an aristocracy, making the debt dealers the nation’s new royalty, the government its feudal barons, and the citizens mere serfs who endlessly sweat and toil in fields of debt weeds that grow so fast they can never, ever be harvested....

Is this what your Government has done (ably assisted by the FED and associated (other banks) owners - wiped out all trust, faith and belief in the American business system and by default proved to be the biggest lie, insider trading, fraud, theft from the American people and ponzi scheme ever???? You stand accused... How do you plead? put up and show it, or bugger off as a shameless rabid dog...

- - and in conclusion - -

...Implications. If the Fort Knox scenario prevails, it is a non-event. Since there is no change in the nation’s gold supply, the status quo is maintained.

If the Fort Hocks scenario prevails, then the government has orchestrated a market manipulation scandal that is equivalent in nature to Enron, Worldcom, Madoff and all the other frauds in the sordid panoply, but that dwarfs them in dollar value and sheer, outright dishonesty. The revelation that a first world government had deliberately engineered such a market manipulation, resulting in tens of billions of losses to honest investors, while simultaneously producing epic, illicit profits for favored inside traders would be a shock to all markets and investors. An insider trading scandal of such alarming, unprecedented proportions would constitute an inexcusable abuse of power, and represent fraud and corruption on a third world scale. It would not just damage the reputations of America’s monetary institutions, it would destroy them.

If the Fort Shocks scenario prevails, it would have severe implications for the dollar, because it would demonstrate that the United States’ financials are deliberately distorted for monetary and political reasons. Even though the dollar amount of this scandal ($262 billion) would be miniscule in comparison with the government’s 2009 deficit ($2 trillion), debt ($11.6 trillion) and combined debt and unfunded contingent liabilities ($90 trillion), it might serve as a tipping point, where faith in America’s finances and confidence in its government are lost. If America’s gold reserve position is a lie, then what else has been distorted, and where, if anywhere, is the truth?

Keep in mind that the fiscal year, 2009 deficit is currently running at $5,479,000,000.00 per DAY. So even if the Fort Knox scenario prevails and the 261.5 million ounces of citizen gold are safe and accounted for, their dollar value is completely destroyed by only 47 days’ worth of deficits. America’s gold cannot protect it from the national wealth wipeout that intensifies each and every day.

The United States could put these concerns to rest simply by auditing the gold and publicly reporting the findings. And yet, despite repeated attempts by such organizations as GATA to get them to do that, they refuse. Why? Is it because Treasury and Federal Reserve officials know that the results would be explosive, and similar to what has been outlined in the Fort Hocks and Fort Shocks scenarios above? ..."

Come on usanians, where are your "tea parties" and mobilisation to seek answers from your elected officials, are they still breathing, or just asleep at the wheel?

 

Here are the thieves? - and are you usanians going to allow/tolerate this forever? they seem to operate with impunity and immunity from investigation, let alone prosecution? http://financialsense.com/editorials/phillips/2009/0724.html and this http://financialsense.com/Market/wrapup.htm gives an idea of the size and nature of the largess of you the good citizens of USA are contribution to the few greedy ******** (JP Morgan Chase, Citigroup, Bank of America, Goldman Sachs are your controllers through their child the FED which is still stealing from you and your children's children etc. for the foreseeable future...

This from yesterday's subscriptions and it is not so much about gold but debt and the potential that it has been "misplaced" fraudelantly http://financialsense.com/fsu/editorials/2009/0724.html and worthy of a re-read - carefully, this time...

http://financialsense.com/fsu/editorials/deepcaster/2009/0724.html is a lesson in the economic facts of life that confront you NOW, and things will get worse if such foolishness is allowed to continue... - Just think of your children and their children etc., and the longer it continues the longer by a factor of 10, it will cause abject grief... Your problems seem to be caused and led by an arrogant fool who is immune from the auditors searching gaze as they will never be allowed to enter the FED....

http://financialsense.com/fsu/editorials/cherniawski/2009/0724.html is the underlying rot becoming clearer and being felt by more and more people? http://financialsense.com/fsu/editorials/harding/2009/0724.html

Afternoon (16:35 on Sat, 25 July) shopping done. (to buy birthday presents), - - - - and more to be read - - - I caption this one "This is your life USA"... http://financialsense.com/stormwatch/update.html

http://financialsense.com/editorials/swenlin/2009/0724.html Is this "optimism" on the mark or somewhat premature?

Is there a "madness in the air?, how else can one explain this, - - apart from "bloody hell" who is cooking the books now? - - I am baffled.... http://financialsense.com/fsu/editorials/harding/2009/0724.html

Well, the Elliott Wave people seem to feel there is a good bounce in the economy for a while yet - - Must be that bouncy, irrepressible optimist "Tigger" from the adventures of Christopher Robin, Pooh-bear and friends... - Could be that I am the unimpressed "Hehaw", the sad pessimist when it comes to economics - maybe I am just old fashioned?.... The Elliott-Wave people also suggest another major collapse as the credit in the market now dries up... "hehaw", will then be tempted to monotonally drone - I told you as much, what goes up comes down eventually...

 

Are there plans to rename USA to - http://theburningplatform.com/economy/animal-farm-2009 ?

 

lmao
no I got mostly White Oak
really nice stuff to 4/4 and 8/4 in 8' and 12' respectively
the 8/4 beams are every one 12', 12~18" random widths clear
long enough to whittle some frames out of on that Elco 57
and some hard maple

Ive got a few projects going and I need to rebuild the windows in this place as well
back yard looks kinda funny stuffed to the gills with piles of lumber

its not quite enough to do the skeleton on that old Elco I want
because about half of this pile needs to go to other projects
but its a good healthy start
maybe half again in the White stuff
some cherry for the trim and I saw some Honey Locust not real common stuff going for cheep
I might snag some for the keel ( near as I can tell its got the same properties as black locust although its not the same stuff )
and dam what a beautiful grain
maybe I should do the deck in poplar as well, double diagonal planked just like the hull and keep the flexibly even
I think some hard maple would fit in nicely and that black locust I keep looking for in the keel area
I still have a long way to go specially with the poplar
but once I land a covered space big enough I could start dicing wood if I wanted to ( dreaming again )
although I think Ill wait till I get all the wood lined up and all the cash in hand to finish

I got a wild hair to start trading wood in order to build up the stock Ill need for the build
I seem to have a knack for locating these back woods mills
and wood prices around here are kinda high
on the way back I was having dinner with a couple drivers and one of em gave me the number to another old guy who they pick up lumber from every once in a while
said he has the black locust Im after and he is in the same area as the last pick up I made
stuff goes for a few bucks a foot is the rumor

basically I got that white oak for about 1/4 or less what I would have paid in town for it
less now that Im thinking of it

cheers
B

 

Good on yer Boston, Get ready for that big build...

 

The Dollar will outlast the Euro.
McCarthy was right.
People are people, motivated by what is good for them. It can be capitalism or corruption. With capitalism, when someone does does something illegal or immoral, they are punished or ostracized, while with government, deals are made, bribes are paid, power is wielded.
Peoples from back-stages around the world, even those with little, or no, firsthand knowledge, Mas, will always root against those who have well succeeded. There is a name for this syndrome which escapes me - it's how two-bit dog-**** dictators like Chavez attain power ("the evil big guy is the root of our problems and, together, we will banish him [and make me more important]") One doesn't have to be a colonel to be swept by the syndrome. There are drones and wanna-bes equally susceptable.
The US is not changing its name to anything (unless part secedes).

 

Mark, Sometimes your faith just blinds you as to the truth - - JP Morgan Chase, Citigroup, Bank of America, Goldman Sachs are exempt?, and are running the biggest insider trading and fraud operation that will be exposed eevveennttuuaallyy - - but in the meantime, perpetrate their crimes with total immunity.....????? WTF now? - The politics part is no longer in this thread due to freedom of speech and censorship in USA, causing the deletion of the original which included politics... The "name change" related to similarities with the novel "animal farm" and the current state of affirs, but maybe "Bigbrother Land" would seem apt?

 

I saw your reference to Animal Farm, taught as a metaphore for communism when I was a child. Not if I can help it, damn it.
If you've got some inside dope on our financial houses here, let us have it because the only way this type of ******** can happen is if the fox (Harry Reid, Barney Frank, Franklin Raines, Alphonso Jackson, et.al., ad nauseum) is guarding the chicken coop and we would love to lynch these ***-holes.

 

You are looking the wrong way, Those "banks" I mentioned, OWN your "FED" and always have... else why would they get special treatment and behave so immorally and illegally with impunity and do the FED's dirty work... Together they are screwing the good citizens of USA... Look at some of the links and some of the researchers... Look at the researchers who delve in to the public data and find out what is happening so blatantly and illegally... I started to wonder when gold & precious metals and oil prices and foreign exchange rates were not following reasonable expectations, outcomes seemed to be skewed and fake, there seemed to be a significant level of manipulation of the US$ against other currencies beyond what could be expected possible from commercial trading - it could only be "sanctioned insider trading" and other manoeuvres... My digging satisfies me, but I cannot get inside to dig much deeper...

Gold naked short positions are so huge as to be several times the amount of mined & refined gold in the world... Gold trades on the London exchange are mind blowing... There are too many sources with supporting references and the pattern is there to see...

Form a tea party and get more information by pooling resources and research... Read this stuff in this thread - - - I link to stuff which seems supported by other sources - not just repeated but who were looking up something else that helped to create a better overall understanding...

Good luck...

 

something I just noticed today while reading the finantial news is that Bernakie is spewing how the economy will recover and become stronger because people are learning to save based on the pain of the past
yet he fails to mention that in just the last few months over 2 million manufacturing jobs have been lost to China

how does loosing the manufacturing sector
29% of blue collar jobs 10 years ago
~7% today not including these last say 18 months of loosing what 600,000 jobs a month mostly in manufacturing
make the economy stronger

how does those few still working hording away there cash
make up for the millions of unemployed or who are in imminent danger of loosing there jobs

I find it shocking that the guy who engineered this failure
who no one was willing to work with
is now claiming that our economy is better off
without the most vital sector of that economy
manufacturing
having survived the failure

doesnt that make the USA even more of a consumer based economy
and hasnt that already proven itself to not work

compare Bernakie's bs to what is actually being seen in the markets
why is the S&P going up
its an emotional response to bottom feeding
bottom feeding in the housing market and a few others
we are still loosing jobs faster than you can blink
still wages are getting lower and full time employment opportunities are down
way down
so how is the market going up
perceptions
or in this case
misperceptions

the point Mas is trying to drive home is that there is insider manipulation of the markets or at least key markets
like exchange and precious metals
it starts with some crap being spewed in the media by some fool politician making a bs announcement
people believe it and it trickles into a market movement
a few key buys by the insiders and poof
you have a rally

Mas watch's gold like a hawk
guys got a point
look at the volatility of the S&P and compare that to the traditional volatility of the gold vs silver market
so now I ask you
how did gold manage to remain stable these last 18 months
silver didnt and there is a traditional relationship between the two
were did that disappear to eh

job losses were what
600,018 as apposed to 600,030 expected last month and people call it a recovery
ok the bleeding slowed by a infinitesimal fraction
seems more likely they are running out of jobs to loose
rather than there is some kind of cure out there

no I dont think we're up for a name change any time soon
but
we are screwed none the less

 

Oh well "Land of the screwed" will suffice, Blind Freddy could see these problems and yet most of the good citizens of USA still argue that nothing is wrong WTF - WAKE UP AMERICA....

 

wall street sold and resold and re-resold the same paper over and over again charging more for it each time it changed hands with out increasing its intrinsic underlying value so when this house of cards came tumbling down a lot of wealth that never really existed was lost.

that is a lot of the loss that is now being made up by tax payers

i wonder if all this money that is being put in at the top had been put in at the bottom wouldn't have kept the economy chugging along

 

exactly
and yes
it would have worked like a charm
banks would have ended up with the money anyway but by giving it to the people it would have saved more of us and kept most afloat
I think the ttl so far is 3.5 trillion paid out
divide that by the 307 million folks in this mess and you get about 12,000 bucks I sure could have used
but nope
lets give it all to the incompetents who screwed up in the first place
that will work
take it from the folks who are successful
and give it to those who are unsuccessful
good plan
we'll do that

 

nother little darling to consider
two countries would not sign on to the dollar standard
any guesses





Iraq
and
Iran

food for thought eh

 

You guys give 'em much too much credit for both competence and capability of evil.