Global economic situation for liveaboard cruising yachties

OK, I am still here... Could not get on as BD.net was reporting no response (overload of people accessing site?)... The stuff I have been reading leaves me "flabbergasted in amazement"....

Who is running the ship of economic matters in USA - - Dumb and Dumber? read this http://financialsense.com/fsu/editorials/kirby/2009/0804.html from GATA Research, whom I respect for their openness and straight talk, and, if it is true then all the fairies are in control as only in "Fantacy Land" could such prevail - it is totally amazing.... but explains a lot of the activity and puts a PLAUSIBLE and real picture forward, that is not a pretty sight for the deniers or faint of heart.... The Derivatives will be the cause of the downfall of the USA....

http://financialsense.com/Market/wrapup.htm further demonstrates a total lack of any vision, if the huge quantities of natural gas are there and accessible - or is that another "empty house of cards"?

"This is America?" http://financialsense.com/fsu/editorials/petch/2009/0804.html "It is only paper castles burning (banks?)"

From a Casey Research Newsletter "...To quote John Williams’ Shadow Government Statistics: “Those [2008] numbers, however, did not account for the annual change in the net present value of unfunded Social Security and Medicare liabilities, except in discussions and footnotes. Counting those changes, as a corporation would for its pension and healthcare liabilities for retirees, the 2008 annual deficit was $5.1 trillion [compared to the reported figure of $454.8 billion], versus $1.2 trillion in 2007 [compared to the reported figure of $162.8 billion]. Such showed total U.S. obligations – gross federal debt outstanding plus the net present value of unfunded liabilities -- at $66 trillion, roughly 4.6 times the level of reported U.S. GDP, and greater than total estimated global GDP.”..." - - - and further on - the inflation/deflation debate - - - "...The question to ask is not whether there will be inflation or deflation. The question is how long the recent deleveraging and deflation will continue before people start spending the newly created cash and set off a roaring inflation. The virtual certainty of high inflation ahead and the great uncertainty as to the timing are compelling reasons to make gold and cash your two biggest holdings...."

In relation to "the Gold Standard" abandoned by USA in 1971? "... One of our astute readers, Cliff from Alabama, sent along the following excerpt from Greenspan’s essay “Gold and Economic Freedom,” which appeared in Ayn Rand’s “Capitalism: The Unknown Ideal” in 1967 and The Objectivist in July 1966.

… But the opposition to the gold standard in any form – from a growing number of welfare-state advocates – was prompted by a much subtler insight: the realization that the gold standard is incompatible with chronic deficit spending (the hallmark of the welfare state). Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes. A substantial part of the confiscation is effected by taxation. But the welfare statists were quick to recognize that if they wished to retain political power, the amount of taxation had to be limited and they had to resort to programs of massive deficit spending, i.e., they had to borrow money, by issuing government bonds, to finance welfare expenditures on a large scale… Thus, government deficit spending under a gold standard is severely limited.

The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. They have created paper reserves in the form of government bonds which – through a complex series of steps – the banks accept in place of tangible assets and treat as if they were an actual deposit, i.e., as the equivalent of what was formerly a deposit of gold…

The law of supply and demand is not to be conned. As the supply of money increases relative to the supply of tangible assets in the economy, prices must eventually rise. Thus the earnings saved by the productive members of the society lose value in terms of goods. When the economy’s books are finally balanced, one finds that this loss in value represents the goods purchased by the government for welfare or other purposes with the money proceeds of the government bonds financed by bank credit expansion.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ..."

As I have been preaching Gold (the actual precious metals - - NOT paper equivalents/derivatives/certificates which could easily be FAKE)

Evidence of the fall is mounting http://www.elliottwave.com/freeupda...--Rating-For-Ambac----Two-Years-Too-Late.aspx

Depression indicators add up http://www.elliottwave.com/freeupdates/archives/2009/07/31/Depression-Chic.aspx

An unwelcome surprise is close http://www.elliottwave.com/single-i...olatile_Third_Wave_Surprise.aspx?code=indbody

 

Breaking news, particularly for investors http://financialsense.com/editorials/conrad/2009/0804.html THE FDIC IS IN TROUBLE - - As we all know, the Federal Deposit Insurance Corporation (FDIC) guarantees depositors that they’ll get their money back if a bank fails, at least up to a certain amount. To fund its operations, the FDIC collects small fees from the banks that are held in reserve for the purpose of taking over troubled banks and paying off depositors.

Part 5 of 5 in Credit and Credibility http://financialsense.com/fsu/editorials/karn/2009/0804.html Jeees the build up is painfully slow - let it fall and breathe the relief...

 

Have you got any good news?

I like the bit at the bottom.

The opinion of contributors does not necessarily reflect the views of Financial sense.

 

LMAO
that line seems common
just listen to Obummer sometime

 

The good news is that I should be ready for whatever happens (**** in the fan time) - are you preparing yourself - - yellow plastic disposable (**** repelling) raincoats, bottled water with **** excluding "gladwrap", dehydrated food (old, dog droppings), toilet paper & high pressure hoses/pumps, disinfectant and smell stopper stuff

LAMO = ? Leading Alternative Management Opinion
The opinion of contributors does not necessarily reflect the views of..... = we did not edit this **** because of copyright laws in USA, & any errors, insults, slander are his fault so sue him, not us...
LMAO = Loud Mad Agressive Opinionated?

some acronyms, abreviations and meanings
98,99,- - ,100 = (****** in action, missed a beat in changing hands)
U - now = OK now your turn to invent some...

 

Am I preparing for what? I dont think I can.

According to this bloke called Mas on the boatdesign.net forum we are fcked.


Ive tried running round in circles, even had my arms above my head but--

Some one said--If every one is panicking and you can remain calm then its probably because you dont understand the situation.

Ive lived through recessions depressions before they were all going to be the worst.

Theres is no point in panacking it will kill me,--and what can I do.

 

So how is your free ship deal going? - I think he just wants to avoid the salvage costs, let it sink then charge him removal (cash first) - some unprepared were left to suffer whilst others may profit... - - It can be a bloody cruel world, but that is Capitalism as much as Socialism or Communism or Democracy or Hypocrisy....Just make as best you can, prepare yourself and help others as can, all the while "be-happy" and enjoy yourself... Is that on oxymoron? or a Moronic OX?

 

I cant do the free ship Masd its too much>I heard it was epoxied up to float at its last haul out. I would put a new bottom in it anyway.

The boats not bad Ive seen worse for scrap. There is a speed boat with a 150 and oxy acetalyne bottles up on the top deck, A hydralic crane and he lives aboard it. Supposed to be tons of spares even an engine.

FREE.

If I didnt have this I would have a go but---!!

 

List it on the web and see if there are any takers - put lots of pictures... You may get lucky as a "salesman"...

Hello, I have gone from a black ring to a grey one, and I went to the toilet too.....? Maybe I am not here, or my vision is fading... I can still scratch my ear (does that mean I am telling lies?)... What does being able to hold my coffee mug and sip some coffee mean?... (it's tea and it's cold)

 

na just keep the important stuff around
you need a good riffle using typical ammo
I prefer the 7 mil ultra mag but would have to lay in a ridiculous supply of reloading stuff
or the 22250 but again reloading stuff
I suppose Ill have to get the old lob shot 3030
most people have been sold on
and just get used to it

water bottles and plastic rain coats will be done in the first few years
I prefer to follow a more traditional path when and if things break down

all you really need is a good gun or two and a mountain of ammo and the rest is easy

 

The US economy contracted just 1% due to government spending not because of consumer recovery. The Dow might hit 10,000 on sentiment NOT becuase of commercial logic.

I´m not the pessimist Mas is however things are looking overcooked again and there WILL be a correction. This crisis is not over, it is not game on and there will be tears before its over.

Meantime crack open a cold one and see whats on telly.

 

I'm not a pessimist, but some of the ******* are soooo blind dumb, that if one does not make a "major production" of it, nothing is seen.... What is made inside USA that cannot be done better and cheaper elsewhere? - That is one reason why significant US$ devaluation is on the cards - - using a slowley slowley method so others do not get a big fright and dump in panic - - which would be very bad - I guess about 1%/week could work...

The fundamentals are USA is left with:- - No competitive manufacture, - Massive debt, - Unbelievable (US$66+trillion) $volume of toxic derivatives worth $0, - Declining capacity to borrow, - Diminishing capacity to repay debt, - Draconian laws being introduced as HR 3200.... Does not have anything to be happy about for usanians...

Comparatively, Australia is paradise and my only ***** is in the USA manipulation of the price of gold the metal, (do what you will with derivatives, so long as the metal is separated from the paper ********/hype) Oz, could fall in with the BRICK economies?...

 

Still bad news from USA, Courtesy of Casey's Daily Dispatch - - Commerce Department’s Bureau of Economic Analysis released its second-quarter 2009 advance estimate of GDP, and the crowd went wild. - - - Here’s an excerpt from the BEA’s report:

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 1.0% in the second quarter of 2009, (that is, from the first quarter to the second), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 6.4%.

… The decrease in real GDP in the second quarter primarily reflected negative contributions from nonresidential fixed investment, personal consumption expenditures (PCE), residential fixed investment, private inventory investment, and exports that were partly offset by positive contributions from federal government spending and state and local government spending. Imports, which are a subtraction in the calculation of GDP, decreased…

… Real federal government consumption expenditures and gross investment increased 10.9% in the second quarter, in contrast to a decrease of 4.3% in the first. National defense increased 13.3%, in contrast to a decrease of 5.1%. Nondefense increased 6.0%, in contrast to a decrease of 2.5%. Real state and local government consumption expenditures and gross investment increased 2.4%, in contrast to a decrease of 1.5%...

Nothing here to get wild about.....? nuckin futs....

UPDATE 2-Geithner warns regulators to back reform plan http://www.reuters.com/article/governmentFilingsNews/idUSN0354456120090804

 

yikes
recovery through lies and deception
good plan Obummer
we'll do that

oh
I got the truck to idle today
22hrs fix time
but half of it on an electrical issue
turned out to be he melted the starter trying to get it going with gas in it
brilliant eh

 

Nothing beats a real dumb-arse for sheer stupidity - I sometimes feel USA has the patent rights - if the armed forces I have seen over here, on exercise around Shoalwater Bay are any indication????

Real state and local government consumption expenditures and gross investment increased 2.4%, in contrast to a decrease of 1.5%... from above seems like a lie - - Most of the states are BROKE so expenditure increased???? Dumb and Dumber?

Boston, I hope you can find something in this? http://financialsense.com/index.html
http://financialsense.com/fsu/editorials/cnc/2009/0805.html answer = YES....
The yo-yo game, can you get on at the bottom and off at the top (string length is changed dynamically and randomly http://financialsense.com/fsu/editorials/schiff/2009/0805.html
http://financialsense.com/fsu/editorials/2009/0805.html
a