Maybe Massalai was right after all

This considered view from Casey Research leads me to ask - - - "Just Who needs to get a life? - Where is reality? - What is true? - what is actual fact? - and - what is propaganda for an election year? - F-ed if I know?...." http://www.caseyresearch.com/cdd/beware-aggressor-apes

Layer One: It’s an election year.
Layer Two: Looking to blame someone, look in the mirror.
Layer Three: It is much ado about nothing.
Layer Four: China is the least of the problems being faced by US manufacturing.
Layer Five: Actions have consequences.
Recapping our story so far, politicians who try to gain votes by appealing to native xenophobia and ignorance are using their positions of power to try to introduce a broad-reaching protocol for slapping tariffs on pretty much everything China exports. After all, if China’s offense is linked to its currency, and its currency is linked to everything it produces, then all Chinese products become candidates for retaliatory tariffs.
Layer Six: Beware the Aggressor Apes.

Friday Funnies will then put you in a "good frame of mind" - read that - Have a good weekend...

 

mas --did you not build a boat,--- you had people drewling at the mouth a your launch and to sail away to the sunny beaches with girls in grass skirts.

What happened? Do we need a new thread 'Mass was wrong all the time"

Hows you new props go?

 

http://www.boatdesign.net/forums/boat-building/my-little-piece-peace-25962-117.html#post492348

 

First they ignore you, then they laugh at you, then they fight you, then you win.
- Mahatma Gandhi

http://www.zerohedge.com/news/mike-krieger-useful-idiots

http://theeconomiccollapseblog.com/...economy-that-every-american-voter-should-know
#100 A staggering 48.5% of all Americans live in a household that receives some form of government benefits. Back in 1983, that number was below 30 percent.
#99 During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.
#98 Since Barack Obama was sworn in, the share of the national debt per household has increased by $35,835.
#97 The U.S. national debt has been increasing by an average of more than 4 billion dollars per day since the beginning of the Obama administration.

http://crash-watcher.blogspot.com/2011/10/global-food-production-and-consumption.html

http://www.abc.net.au/news/2011-10-10/deal-reached-to-dismantle-european-bank-dexia/3421392 "France, Belgium and Luxembourg say they have reached a deal to dismantle troubled bank Dexia, the first victim of the eurozone debt crisis."

 

http://www.goldmoney.com/gold-resea...heres-nowhere-left-to-run.html?gmrefcode=gata - - - Oh the twists and turns we make for ourselves, to keep a corrupt and broken monetary system running.... - - - We'll all be ruined, cried Hanrahan, before this year is out ... John O'Brien http://en.wikipedia.org/wiki/Said_Hanrahan

Whilst I am in the quoting mood, is this reason enough for optimism? - - An opportunity for us all to consider a simpler things and more of a return to nature lifestyle where friendly relationships come above accumulating more stuff...

http://www.abc.net.au/news/2011-10-10/hard-wired-for-optimism/3458890 - - English poet Alexander Pope got it right in the 1700s when he wrote "Hope springs eternal in the human breast". - - A new British study has found human beings are hard-wired to be optimistic, even in the face of a darker reality.

6404

 

I notice your link very conveniently leaves out what George W Bush added to the national debt.

All these anti-Obama types who are so desperately worried about the deficit and the national debt? I don't remember hearing a peep out of them during the eight years that Bush spent destroying the budget surplus Clinton left him with.

Of course, now they all claim they're upset about it, and tell us "Bush wasn't a real conservative." But at the time they all voted for him.. They didn't get fiscal fever until someone besides their boy wound up with the purse strings -- even though Obama's spending probably put the brakes on what might have been the biggest depression in our country's history.

One he inherited from Bush, let me add. If Bush's regulators had been doing the jobs they were supposedly hired to do, we wouldn't have needed any stimulus program.

And now the arsonists who started the fire want to be put back in charge of the firehouse? I think not.

 

I was considering other "quotes" but the interesting ones were in the comments - I just did the first few to draw interest? - The rest seemed "personality" derived, (and I almost deleted 99, 98 & 97 but then there would be no effect...), Anyhow, those posted should be easy to verify from other sources... Without the full piece, the impact of quotes are - lost... Lots of your 'mates' (by the tone and style of the comments), were there, as were those with another view... - It gave me a bit of a feel for 'the-market' in USA....

Bill Bonner's piece from Paris, France was also interesting... (should be available at http://dailyreckoning.com/no-return-on-government-investments/ )...

I cannot feel your confidence in their demise - - maybe only when everything else collapses - sadly, as 'tis too late.....

 

http://www.theaureport.com/pub/na/11221 - - This is an interesting read... What thinkest thou? - And do not castigate the birthright of the author, but rather, an analysis of the content could prove as interesting as the "interview"... - The last half is marketing BS, so do not comment on that...

 

why hasn't everything collapsed mas. stocks are up, banks are rallying but you still reckon the world is coming to an end. your threads have gone from interesting reading to the ranting of a nutter. next you will be on the street wearing your end of the world signs. sorry if i offend you but your threads are getting to annoying.

 

Hi Brendan,
Because money is still being "printed"... It is a false recovery also using the excess of paper/electronic money still floating around in the system looking for 'profit', or to retain the asset value for the holders... READ the first half of the ablve link from USA, has the history pretty accurate and the essence of the GEC... Who is to blame? - - As some have said, "Look in a mirror", - - F.I.I.K. and S.I.I.C. ...

The 'banksters' and politicians are desperately trying to keep the party going and kick-the-can-further-down-the-road, as they love the gravy-train... The Au$ went down because 'the money' perceived a risk in China, Australia is seen as a 'safe-leverage-play' on China, so they took the money, (US$ carry-trade), home... Whilst China is growing it is buying iron ore, coal, and farmland, mines and other asset classes in Australia and elsewhere... When USA & Europe fail, (banks first, but banksters & politicians will do all that they can to forestall that and, kick-the-can-further-down-the-road), China will have nowhere else to sell its stuff and Australia will collapse, as China will not need so much iron-ore and coal etc...

Australian domestic housing is about 30% overvalued, RIGHT-NOW, complements to overseas investment... Australia still holds a hefty quantity of last years wheat, as Russia is heavily discounting and subsidising overseas sales... The 'rent-a-crowd-animal-rights' stopped live exports to Asia at a crucial time (end of Ramadan) and redeveloping markets there will take time... The Muslims prefer to do their own slaughtering...

The Dairy/powdered Milk farmers are almost destroyed by Coles/Woolworths competition, as is domestic meat supply as they are cutting "on-farm-prices" not necessarily efficiencies in delivery or processing... Look at Vegies and Fruit, demand for unblemished skin means picked immature and "green" to meet the demands of the big-two... Tinned fruit and Veg is now imported, as is frozen... and the processing companies are moving offshore...

Australia is NOT looking good... ON BOATING, many manufacturers of larger (non-towable behind the family car) boats are concentrating on export markets but were being hurt by the strong Au$ and some have closed down... The "farmers-markets" concept is not as originally intended as much of what is offered is from the wholesale markets and NOT cheap, or even reasonably priced...

Take the family for a Saturday/Sunday drive and have a look around and see what is offering at the on-farm-stalls, NOT in wholesale cartons from the markets, but locally grown and seasonal... Some of the small and local butchers may have some good deals going for regular shoppers (3 or 4 families buying together)...

Do not cough - - as the balance of sustainability is very precarious... As an Australian resident, it may be useful to subscribe to the Australian based FREE email essays, for a local view with an international flavour http://www.dailyreckoning.com.au/ and http://www.moneymorning.com.au/ for starters... There are others, look around and remain informed as I have found the main-stream-media is NOT necessarily well informed... I am only interested in the big-picture...

If you do not like the content, do not read... Removing your subscription (stopping alerts coming to your email-in-box) as to a posting on a particular thread is easy - by going to <User CP> whilst logged in at the top left of every page in BD-net, Then click on <View all Subscribed Threads> and scroll down on the right hand side of your screen and <click> to put a tick on the threads you no longer wish to follow,,, At the bottom of the page is a tab-down button, click on the line <Delete Subscription> then click on <Go>... If you post again you will automatically be re-subscribed, and need to execute the procedure again...

 

Golf anyone? http://www.abc.net.au/news/2011-10-10/sharks-pose-water-hazard-for-queensland-golfers/3460222

 

I'd agree with the whole thing except for that part I highlighted. I'm not so sure we are out of the woods. More and more knowledgeable people are saying that another downturn is pretty much inevitable. That we are actually in worse shape now than previously. That the world banking system is less diversified than before. That debt is higher, Debt as a % of GDP is lots higher and that many of the countries most in need have central banks that are essentially out of bullets. Cant really lower interest rates much past zero, and its just not a real great idea to simply print more money. Its kinda looking like the problems that have been put off for so long combined with the selling out of one economy for another through global corporatism is leading us all down a road that is better left untraveled.

What I'm seeing is a big green bandage thats coming loose and the wounds not healed. Its not Obummers fault by a long shot and I couldn't agree more about how the Republitards are reacting, but all in all near zero growth in nearly all aspects of the US economy pretty much precludes any pretenses things are better. Yup the stock market is up, but we've all seen how fickle that can be. The volatility in the market is pretty obvious, its profitable if you know how to work it but its indicative of desperation as well. I don't think to many people are fooled into thinking that big green bandage can last much longer, when it falls off, it will be time to deal with the real issues. All that the stimulus really did was reset the clock but this time with bigger numbers.

http://money.cnn.com/2011/09/30/news/economy/double_dip_recession/index.htm

I'm not suggesting that CNN money is some kinda stock guru but the article is indicative of a pervasive belief.

ps
as I was watching the markets come back from the previous fall I couldn't help but think that its only representative of corporate self interests. The Dow or even the S&P are still pretty much representations of corporate business. Not to many mom and pop retailers in there as far as I can see. Deal is while the corporations are gaining handily they do it at the expense of the middle class. Which is fast disappearing. Point being that once that school of middle class fish is caught and eaten. There's only one direction for the markets to go. So I guess as I watch the so called "recovery" all I can think of is, what runs out first. Corporate bail outs designed to allow them to spread a bigger net, or those hapless herring previously known as the middle class.

The markets may be up, but I've gotten some help up from a few fights myself, didn't mean I won or that I didn't end up on my *** again pretty dam fast. I think we are in for a pretty rough ride. We could dive into the whole fiat money thing or the tiered reserve system, argue gold, or socialism, but even keeping it as mundane as possible its pretty dam difficult to suggest this is a recovery. Its more like a drunk waiting to pass out.

 

There never was any "recovery", it was all the work of the banksters profiteering from their bail-out-interest-free-loans from their representative, the Fed... Sheesh some people are blind.... Apart from the statistical manipulation by the banks (banksters) that were too big to fail (what balderdash - NOTHING is too big to fail)... If anyone cared to do more than read the headlines and do a bit of TRUE research by reading the figures, instead of the tea-leaves delivered by the mainstream media there might be some enlightenment... Do please continue to try to apportion blame to others, as is the traditional course...

Do look at the jobs numbers recently released - What bu11sh1t - The claimed number does not cover natural population increase and it is a sure bet that over the next 4 weeks the number will be quietly downgraded so another optimistic number can be posted for the next months' statistics.... Which is what is done on a regular basis...

A bit of history, USA is following the same foolish path it took to recover from the last depression and England has forgotten what happened there last time - England recovered years earlier because of frugal budgetary management and paying back all debts, as did Australia... USA did not recover until the outbreak of war... Australia had seen several years of 5% unemployment by then because the debts were paid back, confidence was restored and growth enabled... The book on the prime-ministerial-history-during the depression-years-in-Australia has just been released... http://australia.gov.au/about-australia/australian-story/great-depression and http://www.aussieeducator.org.au/tertiary/subjects/history/australian/thedepression.html and more http://www.australianhistory.org/great-depression

 

http://www.caseyresearch.com/gsd/edition/gold-rush-india-has-now-become-sprint has this...

http://www.upi.com/Top_News/Analysi...orld-The-real-euro-crisis/UPI-62091318242960/ "... become as efficient as their northern partners raised on rain, beer and butter. But don't hold your breath."

and this cartoon....

 

http://www.gata.org/node/10556 "Another version of the 'stump speech' on gold price suppression" - - Some news must be dug out and spread by other means as Mainstream-Media is recalcitrant...

'The Stump Speech' http://www.gata.org/node/10554 contains, in part....
...That is, the gold price suppression scheme is not what it is sometimes disparaged as being, "conspiracy theory." Rather it is a matter of the most extensive public record -- at least for those who want to look at the record.
These records include:
-- Public statements by Federal Reserve officials, officials of other Western central banks, and the International Monetary Fund.

-- Declassified Central Intelligence Agency memoranda.

-- The minutes of the Federal Reserve's Federal Open Market Committee.

-- Filings and statements in three gold price suppression lawsuits in the United States; one brought by my committee's consultant, Reginald H. Howe, against central banks and bullion banks in U.S. District Court in Boston in 2001; another brought by Blanchard Coin and Bullion against Barrick Gold Corp. in U.S. District Court in New Orleans in 2003; and the third brought two years ago by my organization against the Federal Reserve in U.S. District Court for the District of Columbia.

-- These records also include declassified or leaked U.S. State Department cables.

-- The records include statistical studies done by market researchers like Adrian Douglas in the United States and Dimitri Speck in Germany.

-- And then there is testimony at the hearing about the precious metals markets that was held on March 25, 2010, by the U.S. Commodity Futures Trading Commission. The testimony there led to the filing of a massive silver price rigging lawsuit against J.P. Morgan Chase. The revised complaint against J.P. Morgan Chase, filed last month in U.S. District Court for the Southern District of New York, contains pages and pages of extraordinarily specific detail, identifying trades, traders, and dates. The revised complaint is posted at GATA's Internet site: http://www.gata.org/node/10448 ...