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My little piece of peace

Discussion in 'Marketplace' started by masalai, Feb 5, 2009.

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  1. masalai
    Joined: Oct 2007
    Posts: 6,823
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    Location: cruising, Australia

    masalai masalai

    Hello boating people, (and those planning, thinking or dreaming of an 'escape to sea'),
    Get too and DO IT>>>

    Silver Raven has better sight than most reading this page. - - He knows that the economic systems are absolutely corrupt and like a mad dog, need to be put down, there is no perceivable redemption. - - All the information he garners is audible (from his trusty radio and telephone), supported by a bloody good memory and a need and desire to learn of a new world in his physical blindness, an affliction on his eyes only... Today is his "Freedom Day" - Well wishing cards may be sent to My address at "PO Box 404 Kuranda, Queensland, Australia" & I will make sure he gets your messages. I am getting him a tee shirt emblazoned with the following words "What part of **** off do you not understand" I think I posted an image of Gary wearing a similar shirt a couple of months back...

    By now you should all be familiar with the websites I use... Is it not now appropriate that you all commence doing your own reading from GATA, Casey Research, Short bursts from RT, Trends Research and a few others - expand your favourites to include Mises Institute for the "Austrian Economic Theory" and others that have thought out logical answers for economic trading in the near future.

    Now please do not go rabid on me but any other economic related news-sites would be welcome, along with a brief summary of their attitude and approach. I am looking for "English" language stuff with an international perspective, (not troglodytes hoarding thousands of tins of baked beans and high powered automatic weaponry)...
    215494
     
  2. Moggy
    Joined: Feb 2011
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    Moggy Senior Member

    No I think not... I think you miss my point.

    Read Mises, think through the moral hazard implications inherent in the current system, look at the state of the system and ask yourself why and how it got to this point. Then ask yourself how more of the same can solve the issue.

    You also need to apply salt to most of your quoted sources, they all have something to sell as do the mainstream ones.

    Think for yourself Mas, do the yeoman's work.

    Cheers
    MBz
     
  3. Mr Efficiency
    Joined: Oct 2010
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    Location: Australia

    Mr Efficiency Senior Member

    Ten years and half-finished ? Obviously the planning went badly awry. Gawd, who plans things that far into the future, an awful lot can happen in ten years.
     
  4. masalai
    Joined: Oct 2007
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    Location: cruising, Australia

    masalai masalai

    Hi Mr E,
    He was particularly fastidious (I seem to recall someone - sort of unkindly referred to him as a watchmaker insisting on making the tools that make the components). I feel that they both held jobs and suffered setbacks from a cyclone and other forced moves... Not all paths are easily trod...

    Hi Moggy,
    We may both be talking at cross purposes, I feel strongly that it was the banks mismanagement and failed investments in very risky environments - so why should the "citizens and their deposits" be the victims of sheer stupidity by the management of the banks? - The probability is that the banks were several hundred percent underwater (a ponzi scheme), and should not be rescued... Iceland did not bail out their failed banks, and is now well on the road to recovery, even to prosecuting some of the fraudulent bankster employees...

    I KNOW that much of what I read is to support their investment services - diligent research and access to various industry sources, time to analyse annual reports, prospectus and other financial data has a cost and they want to sell their products (research, analysis and investment advice). - - A side line is abundant general research data that may not be 'marketable' but is used to illustrate and promote their commercial products through a 'free email' service. Gerald Celente and "Trends Research" is an exemplar of this marketing system...

    Mass-media needs general advertising for its revenue but generally sensational stuff is what attracts the general readership. The more readers (newspapers sold and watchers of the particular video program the higher their advertising budget returns
     
  5. Moggy
    Joined: Feb 2011
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    Moggy Senior Member

    Re: Cyprus. Looking very Lehman ATM. This **could** get out of control, they have definitely walked up to the edge of the cliff, the next couple of weeks should tell us if they went one step beyond. Gird your lions gents.

    ... it is all a hill of beanz in the end, lets talk boats.
     
  6. masalai
    Joined: Oct 2007
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    Location: cruising, Australia

    masalai masalai

    Now I 'know' . . . . . :D :D - Slow to twig sometimes... Let it blow... The best way to settle matters and remove the rot. From Ed Steer - - "As I mentioned earlier this week, "da boyz" can move these market any which way they want" http://www.caseyresearch.com/gsd/edition/sprotts-thoughts-silvers-investment-demand-conundrum is the likely spoiler action if they succeed to scare the bureaucrats and pollies sufficiently to continue to 'kick the can further down the road'...

    Well my boat is sitting quietly at Cairns waiting for my next trip - - to Samarai or Alotau to clear customs, for a cruise around Milne Bay...

    How freakin stupid? who would fall for that bull?
    "Dear Beneficiary,

    I hope that this correspondence is received with the urgency and expediency required.

    It has come to the notice of the Board of Trustees at the FEDERAL RESERVE BANK that your present inheritance claims application being handled by the Remitting Bank in United States is experiencing some man made irregularities.To this effect,it has become necessary for the Board of Trustees to invite trained Fund Transfer Specialists from the United States to resolve and regularize your fund release with immediate effect.

    We at David Lee Consults have been duly consulted by the FEDERAL RESERVE BANK Board of Trustees and have been fully informed about how the staff of the remitting bank have been taking advantage of you by telling you to pay unnecessary exorbitant charges which will only make your fund payment a long drawn out process.

    Due to this we have decided to step into the process of your fund transfer to enable your funds to be transferred within the soonest possible time you are to get back to us immediately with your full names, phone numbers and address.

    All processes to have your funds paid to you immediately through the FEDERAL RESERVE BANK Liaison Remittance Office in WASHINGTON have been initiated to cut out unnecessary costs.You are advised to keep this communication highly confidential as the FEDERAL RESERVE BANK Board of Trustees have asked us to resolve this fund payment independent of the office of the FEDERAL RESERVE BANK Director to identify the the principal participants in this unethical payment procedure.

    We shall await your immediate correspondence with your direct telephone numbers for re-confirmation to to my confidential email address at (dvlee10@ymail.com) so that we may conclude your payment immediately.

    Yours Sincerely,

    Dr. David Lee.
    David Lee & Associates
    c/O FEDERAL RESERVE BANK"
     
  7. Moggy
    Joined: Feb 2011
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    Moggy Senior Member

    "da boyz" power is over rated by the average goldbug and it comes at a price.
     
  8. masalai
    Joined: Oct 2007
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    Location: cruising, Australia

    masalai masalai

  9. masalai
    Joined: Oct 2007
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    Location: cruising, Australia

    masalai masalai

    If a business fails, it is forced into liquidation, If a bank fails, the depositors are "unsecured creditors" so the banks officials deserve execution of dispossession orders of all their assets and gifts held by others...

    In Cyprus, who and what actually happened? who and how were all the banked deposits dispersed? Why should the depositors suffer? Why not foreclose on all outstanding debts? first... I feel that the actual truth of the matter is NOT being presented, just the faceless men at Eu, IMF and so on issuing a DEMAND with NO detail or explanation of who done it and how and who was the gatekeeper? Yes I know about fractional reserve banking and there was no "run" on the banks at the start so who let the bad debts grow uncontrollably, to the point that the Troika decided to intervene?
     
  10. masalai
    Joined: Oct 2007
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    Location: cruising, Australia

    masalai masalai

    This is a KEY QUESTION relating to the Cyprus Bank issues http://www.gata.org/node/12379 and continues http://kingworldnews.com/kingworldn...Roberts_-_Cyprus_May_Dwarf_2008_Collapse.html My perception and EXPECTATION of the services expected by a bank are; - - - "the depositor has retained the services of a fiduciary when he places money with a bank. This would mean it is the banks responsibility at all costs to protect the depositor against losses. If the bank runs into trouble, the depositor would have no legal obligation whatsoever to finance the bank."

    If I was classified as a 'lender to the bank', instead of a depositor yielding minimal returns and safekeeping, - I would have bought shares and had better benefits - else I will keep my cash elsewhere... because the "Savings Bank" offers no effective advantage or benefit if other definitions are accepted...
     
  11. michael pierzga
    Joined: Dec 2008
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    Location: spain

    michael pierzga Senior Member

    In Cypress, if they still had the Cypriot pound , an economic collapse would devalue the pound. Savers would loose.

    .

    If Cypress borrows a big wedge of cash to save the banks, the tax payer will have to pay it back.

    I dont see what all the fuss is about. one way or another the average joe on the street will have to pay for the Politicians salary and the Banksters debt fueled lifestyles.

    These beasts must be fed.
     
  12. masalai
    Joined: Oct 2007
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    Location: cruising, Australia

    masalai masalai

    This is a "new turn" in bankster theft, and if the depositor is made to bear the cost of stupidity by the bank by the force of the IMF and Troika - - Expect BANK RUNS GLOBALLY as the rules and expectations of depositors will have been SHATTERED.

    Being robbed by inflation has been accepted - - Ordered to contribute to losses by stupidity inside a bank is NOT MY FAULT nor rightful expectation... Tantamount to armed robbery and deserving appropriate responses by the victims...
     
  13. Mr Efficiency
    Joined: Oct 2010
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    Location: Australia

    Mr Efficiency Senior Member

    Incredible turn of events, interest rates very low anyway, Malcolm Fraser may have been right after all, ya money is safer under the bed !
     
  14. masalai
    Joined: Oct 2007
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    Location: cruising, Australia

    masalai masalai

    Trouble is, my pension MUST be paid into a bank account and those youngsters seeking to enter the workforce must either join the military or go on the dole - either way goes direct into a bank account and without a record of savings then you are unlikely to get a mortgage to buy a modest home or purchase a car 'on-the-never-never'... The banksters got you trapped at either end and in the middle.... UNLESS THERE IS TOTAL COLLAPSE IN THE FINANCIAL MARKETS - - - Then it is anyone's game and guess as to what next.
     

  15. michael pierzga
    Joined: Dec 2008
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    Location: spain

    michael pierzga Senior Member

    The system is stacked against you. Think of the new " cashless " world. Everyone of your plastic dollars will pass over a bankers hands.
     
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