- siempre- send this to the kid --
mugwump, 07:58:46 11/15/09 Sun
http://www.energytribune.com/articles.cfm?aid=970
[Edit]
- US going broke- hey, let's print more dollars-lol!! -- mugwump, 07:56:31 11/15/09 Sun
Bloomberg (Vincent Del Giudice): "The U.S. budget deficit widened in October from a year earlier, reaching a record for that month... The excess of spending over revenue widened to $176.4 billion last month, compared with a deficit of $155.5 billion in the same month a year earlier... Spending for October declined 2.7% from the same month a year earlier to $331.7 billion, and revenue and other income fell 17.9% to $135.3 billion... Individual income tax collections fell 29% to $61.2 billion in October from a year earlier, and corporate tax receipts last month were a negative $4.5 billion on the government's books... Over the past week, the Treasury auctioned a record $81 billion in its quarterly sales of long-term debt. The Treasury's debt-management director... told a meeting of bond market participants last week to anticipate another year of government debt sales of $1.5 trillion to $2 trillion..."
[Edit]
- mugwump :: global warming crap -- siempre33, 07:54:07 11/15/09 Sun
I hope my daughter's still speaking to me...
we got into it over the weather change thing....
she thinks AlGore is greater than buttered toast...
Oy Vey!! I'm mean Chihuahua!!!!
[Edit]
- got commodities? well, do ya?? -- mugwump, 07:53:16 11/15/09 Sun
Bloomberg (Alan Bjerga and Jeff Wilson): "China's corn harvest, the world's second-largest, plunged by a more-than-estimated 13% to a four-year low because of droughts in the main growing regions, a survey of farmers showed."
The CRB index was little changed this week (up 17.2% y-t-d). The Goldman Sachs Commodities Index (GSCI) increased 1.0% (up 43.8%). Gold jumped 2.2% to close at a record $1,119 (up 26.8%). Silver added 0.4% to $17.45 (up 54.4%). December Crude declined 97 cents to $76.46 (up 71%). December Gasoline declined 0.4% (up 81%), and December Natural Gas dropped 4.2% (down 22%). December Copper added 1.3% (up 112%). December Wheat jumped 8.4% (down 12%), and December Corn rose 6.4% (down 4% y-t-d).
[Edit]
- that's right suckers, buy more dollars.............. -- mugwump, 07:50:41 11/15/09 Sun
Bloomberg (Oliver Biggadike and Matthew Brown): "Brazil, South Korea, Russia and other developing nations are fighting a losing battle to mute gains in their currencies as a falling dollar and economic recovery create more demand for their assets than central banks can handle. South Korea Deputy Finance Minister Shin Je Yoon said... the country will leave the level of its currency to market forces after adding about $63 billion to its foreign exchange reserves this year... Chile Finance Minister Andres Velasco said... that lawmakers approved an increase in local debt sales to finance spending, a move that will allow the government to keep more of its dollar-based savings overseas and slow the peso's rally. Governments are amassing record foreign-exchange reserves as they direct central banks to buy dollars in an attempt to stem the greenback's slide
[Edit]
- unemployment graphic... -- siempre33, 07:49:21 11/15/09 Sun
using gov numbers [of course it's much worse]
Jan.'07 - Sept.'09 ....
http://cohort11.americanobserver.net/latoyaegwuekwe/multimediafinal.html
[Edit]
- dodd is stealing ron paul's idea -- mugwump, 07:48:25 11/15/09 Sun
Bloomberg (Scott Lanman and Craig Torres): "The Federal Reserve faces the biggest blows to its authority and independence in five decades under legislation championed by its lead overseer in the U.S. Senate. The financial-regulation overhaul proposed yesterday by Senator Christopher Dodd would strip the Fed of its role as a bank supervisor and give Congress a greater voice in naming the officials who set interest rates. The measure opens the door to interference from politicians who might disagree with any move by the Fed to raise rates from record lows, former central bank officials said."
[Edit]
- the gold war- sutton -- mugwump, 07:46:25 11/15/09 Sun
For the past 9 years now, students of history and common sense have been literally shouting from the rooftops that Gold was the place to be as the monetary tradewinds shifted back in 2000 and the fiat inflationary cycle began to go parabolic. While the multi-trillion dollar deficits might be a surprise to many, for those who understand how these things work, it is just a mundane repetition of history and yet another confirmation that man cannot alter the laws of economics or his own intrinsic predilection to ignore events past.
From 2000 up until recently, there was a constant battle going on. Central banks and the IMF would sell off their physical Gold to suppress the price. Between 1999 and 2002, Gordon Brown, then England’s Chancellor of the Exchequer made the extremely wise decision to sell a good chunk of Mother England’s Gold (395 tonnes) in the $275-$300/oz area. The people were so enthralled by this obvious economic genius that they made him the Prime Minister. All sarcasm aside, this was only one prong of the tactic to suppress Gold prices. The second prong consisted of large New York and London banks mercilessly shorting Gold in the paper futures markets. For most of the last nine years, the bulk of these futures contracts were rolled over or settled in cash; taking delivery wasn’t really en vogue. There have been many people such as Jim Sinclair working hard in the trenches to educate people on the merits of taking delivery and fighting the cartel by taking their playing chips off the table. Gold in your possession cannot be leased out by a central bank to various third parties, nor can it have futures contracts written against it.
[Edit]
- well, you can kiss moydow gold goodbye- minesite -- mugwump, 07:40:26 11/15/09 Sun
ook forward to it. Moving on, but sticking to the Irish twist, Franco-Nevada Mines kept the shopping spree going by offering to buy another Irish company, Moydow Mines International. First off, Franco Nevada will purchase 20 per cent of Moydow’s Ntotoroso royalty for US$13 million in cash. Then Franco-Nevada will acquire all of the shares of Moydow by issuing 0.02863 of a Franco-Nevada share for each Moydow share. The Ntotoroso royalty is a two per cent net smelter return on a portion of Newmont Mining’s Ahafo gold mine in Ghana. Franco-Nevada ended the week up C$1.35 at C$29.20, while Moydow surged C$0.435 to close at C$0.79.
[Edit]
- has the north pole melted yet?? -- mugwump, 07:38:13 11/15/09 Sun
http://igloo.atmos.uiuc.edu/cgi-bin/test/print.sh?fm=11&fd=14&fy=1980&sm=11&sd=14&sy=2009
[Edit]
- USA gold- all the knights of the roundtable -- mugwump, 07:36:20 11/15/09 Sun
have been kicked out-lol!!
http://www.usagold.com/cpmforum/
[Edit]
- iron heats up in australia- minesite -- mugwump, 07:33:55 11/15/09 Sun
Good decision, because there is chatter in the market that China is marshalling its forces to hit back at the curious recent alliance between BHP Billiton and Rio Tinto. Just how that hitting back will unfold remains to be seen but the speculation is that the game will start with China funding a fourth railway system and port to link together a number of “orphaned” or isolated ore bodies which have been struggling to gain access to the BHP Billiton and Rio Tinto rail and port systems. In other words, if China can’t buy a big iron ore producer, following its failure with Rio Tinto, then it will assemble its own source of supply, which will but the big boys under considerable pressure.
The takeover of United Minerals (UMC) by BHP Billiton offers a clue as to how seriously the two leading local miners are treating the threat. Until BHP Billiton moved, UMC was close to doing a deal with a Chinese steel mill. Events at Iron Ore Holdings (IOH) look like repeating that pattern, as IOH is said to be close to revealing a fresh resource upgrade, and is possibly talking to three joint venture partners, or a bidder. On the market, IOH added A5 cents last week to close at A$1.30, but did trade up to a 12 month high of A$1.38 on Monday.
[Edit]
- olympus/zedex merger- minesite -- mugwump, 07:30:32 11/15/09 Sun
Cutting to the chase, by the end of 2010 Olympus Pacific will no longer be just a producer with 1.5 million ounces of resources focused solely on Vietnam. By then it will have annualised production running at 80,000 ounces per year, backed up by resources amounting to over three million ounces and rising. What is very important, as David Seton points out, is that the enlarged Olympus will have diversification across four projects in Vietnam and Malaysia, and a pathway through to a production rate of 300,000 ounces by 2014. Some North American investors may still jib at Vietnam, after all US troops did get a bit of a hammering out there, and it still has a communist government, but Vietnam’s economy is now shaping up as one of the power houses of the Far East, and its bureaucracy, though slow, is uncorrupt. Malaysia, of course, is a country favoured by Western investors as its government is closely modelled after the Westminster parliamentary system, as a legacy of British colonial rule which finished with independence in 1957.
The deal between the two companies, though outwardly complicated because Zedex is incorporated in New Zealand, simply involves a paper swap so that every shareholder in Zedex gets one new Olympus share for every 2.4 Zedex shares held. It is capital efficient, too, as Zedex’s shares in Olympus are being distributed to its shareholders too, so dilution is limited. The result is that the Zedex shareholders will end up with 39.4 per cent of the enlarged company, compared with the indirect 26.3 per cent they now hold through the Zedex stake in Olympus. The Seton brothers stepped aside from the actual negotiation over terms. One of those put into bat on their behalf was Alan Eggers who is an independent director of Zedex, and who will be speaking at our Christmas Forum about his new uranium company, Manhattan Resources. When everything is wrapped up by early next year, the shares of the new Olympus will be quoted on Toronto as well as the ASX, and demand and liquidity should improve as a result.
[Edit]
- faber -- mugwump, 07:26:59 11/15/09 Sun
Also, I should add that precious metals could appreciate even if the US Dollar miraculously recovered strongly against foreign currencies for an extended period of time. Such Dollar strength would probably be a symptom of some horrible economic or political problems around the world, which could be friendly to precious metals.
Central bankers and pundits seem to believe that they have averted the second Great Depression, while ignoring the fact that more and more debt produces less and less GDP and fewer and fewer jobs.
For now, though, the low ten-year bond yield is the lifeline from which all support flows. Much of the investment universe holds together because money can still be had for cheap – not by the volition of a cooperative private sector, rather induced by a US government that simply distributes money for free. Such an ill-conceived idea could only have been born in the test tube of a central banker.
Private lenders comprehend the difficulty of making profits when being forced to lend for nothing, so the government increasingly finds itself to be the interest-free lender of last resort.
Ultimately, if central bankers continue this process for long enough, it is the Dollar, and any currency or economy still pegged to it, that could eventually crash. Therefore, we investors find ourselves in the precarious position of having to maintain sufficient liquidity, but not too much in case the real value of these liquid reserves is wiped out by politicians and central bankers gone mad.
[Edit]
- marc faber shows up -- mugwump, 07:24:32 11/15/09 Sun
http://www.commodityonline.com/news/Marc-Faber-bats-for-gold-silver-against-US-dollar-22901-3-1.html
[Edit]
- how china became a gold power -- mugwump, 07:23:45 11/15/09 Sun
http://www.commodityonline.com/news/How-did-China-become-a-gold-super-power-22904-3-1.html
[Edit]
- will cll be taken out?? maybe -- mugwump, 07:18:27 11/15/09 Sun
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=26091746
[Edit]
- As oceans fall ill, Washington bureaucrats squabble -- doran, 06:38:40 11/15/09 Sun
http://www.mcclatchydc.com/homepage/story/78489.html?storylink=MI_emailed
[Edit]
- Canada doctor uses glue to aid open-heart recovery -- doran, 06:29:34 11/15/09 Sun
A study involving over 20 patients in Calgary found that people whose chests were glued back together were able to get back to full physical activity within days instead of the months it normally takes with the wire stitches.
http://www.reuters.com/article/scienceNews/idUSTRE5AB49Y20091112
[Edit]
- Farmers scramble to finish harvest from hell -- doran, 06:25:30 11/15/09 Sun
http://www.reuters.com/article/domesticNews/idUSTRE5AC3BS20091113
[Edit]
- Why die for Karzai? -- doran, 06:18:51 11/15/09 Sun
Does U.S. support for the Afghan president really make sense?
http://freedomsyndicate.com/fair0000/latimes00056.html
[Edit]
- Political Payoffs Run Wild -- doran, 06:13:02 11/15/09 Sun
With each of these outrages it becomes more evident that Washington and certain segments of the business community are simply involved in looting. Sadly, these raids seem to engender little or no outrage and in fact receive little notice. Where it leads is an open question at this point in time but I think it fair to say that it will probably be to no good end.
http://wallstreetpit.com/12120-political-payoffs-run-wild
[Edit]
- @mudturtle @Just want you to know I enjoy your posts -- mozel, 03:35:31 11/15/09 Sun
and sense of humor ...
[Edit]
- @"mozel,the source of the oil is irrelevant -- Bizarro_Greenspan" -- mozel, 03:30:10 11/15/09 Sun
Nuts ... I hope you're being compensated for being an oil depletion allowance shill for the poor depleted dinos and other fossils ...
for the Oil Cartel ...
[Edit]
- crazytimes and Snowbird -- mudturtle, 03:13:55 11/15/09 Sun
I posted Sheller's addy as of March '09 on that link. I sent him a short intro, and axed him to log on here. You two can send him an e-mail from the provided link. I am quite sure that he will recall either one of you more than myself. At any rate, he does have the 64855 address.
I was never much interested in the mysticism angle as much as I was in juniors in 1998/1999. From what he had posted he had some insights into a limited few of them. I did the "Pennygold" subscription having in mind the sort that would lever their knowledge into talking with the managements, sifting through the litters, and coming up with real prospects. I made it clear that I had no time to get on the phone with the anagement of the various juniors. I didn't know what questions to ask either. It's too bad that Bizzaro Greenspan wasn't yet on board at that time as he would have been a knowledgeable inquisitor back then. There was some big money to be made then, and I knew it. Of course I should have dumped the micromanagement of my manufacturing company to go for picking winners back then. I just didn't have the background to ask the right questions in the days where we were getting really high quality contributions from the kitco board.
I thought that Sheller would be the perfect guy to quiz the management of the uniformly hated juniors of ten- twelve years ago. He knew how to sling the BS and he did know enough terminology to pick some back when there were some real diamonds in the rough.
Hindsight is always so clear. He likely would have never come up with much considering that his pals on the board were Tolerant One and one of the previous incarnations of ophiuchius, neither of which ever had a clue on individual issues.
zzzzzzzzzzzzz
[Edit]
- Carmack, 01:01 -- mudturtle, 02:36:22 11/15/09 Sun
For such an outspoken one you continually make an ass of yourself. I immediately junk my posts that I find to be unworthy of comment from the highly valued people here. You post moronic comments with no end and you seem to have the lowest sense of humor of anyone that ever came here. Your doctor with the beer joke was the worst that I can recall. Have a look at guys like nogtans that uniformly provide laughs for their jokes. Figure out why their jokes are funny and yours are not. I don't mind at all that you single me out for your bile as your posts get scrolled in any event.
I replied to that particular one just to give you notice that I take no notice. It is just a courtesy to you to say that you go unread, so don't bother.
Good health to you, Carmack.
[Edit]
- Mike Sheller: He and I corresponded until.... -- Snowbird, 02:12:53 11/15/09 Sun
Mikes son sent me an email saying that Mike had been in a very bad car accident. There was no follow-up on that information.
Mike was a wonderful person and it was an honor to know him. Let's hope he recovered.
[Edit]
- @ is that KITCO's Mike Sheller?????? -- crazytimes, 01:25:03 11/15/09 Sun
That would be great if it is. Mike was one super guy. He seemed to disappear from Kitco and there was some speculation he had passed away but I don't think anyone ever knew for sure.
Any update if that's the Kitco Mike Sheller? It sure sounds like him!!!
[Edit]
- mudturtle, -- Carmack, 01:01:10 11/15/09 Sun
Pleeze Mr SlimeTurtle be a man, grow a backbone and stop with the complaining about your marital troubles on this forum !! Go cry and blubber somewhere else !
[Edit]
- BWP, 00:36 -- mudturtle, 00:55:40 11/15/09 Sun
I sold a heap and it looked good for a very short while. I was never over 50% in stocks and now I am at under 20%. The marching bands and the baton twirlers have passed me by. About the time I catch up with the parade there will only be donkey crap to pick through.
Did you ever get your boat out this "summer"? Any fish stories? Or was it all black flies and misery.
[Edit]
- A Commercial Break -- LilDevil, 00:52:12 11/15/09 Sun
Classic Car Commercials of the 50's & 60's - Part 1of 4
http://www.youtube.com/watch?v=EyhZ0M0YyYU
[Edit]
- more stories of abuse in iraq -- johnny, 00:51:54 11/15/09 Sun
http://english.aljazeera.net/news/europe/2009/11/2009111415227734281.html
this time its the brits
[Edit]
- ... zzzzzzzzzz's .... -- BWP, 00:51:07 11/15/09 Sun
.
[Edit]
- ... newcomer on the block ... -- BWP, 00:48:35 11/15/09 Sun
"China's Liu Says U.S. Interest Rates, Dollar Decline Causing Speculation"
... yeah, Liu ... what did ya expect? ... it's called a "market" ... welcome the the global village ... and loosen up yer currency pronto or get side-swiped ...
[Edit]
- mudturtle, 00:35:26 -- Kip, 00:47:21 11/15/09 Sun
life is a bitch and yet indescribably lovely.
more lovelier and more of a bitch the older i get
[Edit]
- mudturtle (), 22:10:10 .. Donald .. -- Delta-au, 00:43:46 11/15/09 Sun
I emailed back/fwd with him a year or 2 back, & he'd reached
a stage in life where he was content to just lurk for the
most part and post once inna blue moon ..
Doone think he has postage rites here ..
so he's stuck @frn if he wants to post at all
nice guy .. lotsa knowledge .. miss him here ..
..
[Edit]
- pacman -- johnny, 00:41:54 11/15/09 Sun
probably the best fighter i ever saw
after the second knockdown cotto seemed to be scared
shitless .. I dont think he'd ever been hit that hard
[Edit]
- @ What do you think about this GTDM shot? -- BWP, 00:36:39 11/15/09 Sun
... well, just look at the corrections durin' the last few months ... they ain't nowhere close ta the fitty 'n seventy dollar smackaroos we normally get .... and that's 'cause the buyers are steppin' up ta the plate on a regular basis ... lots of 'em ... so, ta me it says the run has just started .... me, I'm not sellin' anythin' even distantly related ta gold or silver at this juncture ......
[Edit]
- Sorry to break it to you Kip -- mudturtle, 00:35:26 11/15/09 Sun
My wife hardly reads anything other than trashy novels or cloyingly sweet animal stories. Even if I go to pains in sifting and selecting the stuff that needs to be read, I am always "Mr. Negative". As long as the dough holds out in the short term to keep our daughters in modest comfort and out of debt, all is well. It is exasperating at times.
Perhaps that is one of the reasons that I think so highly of women like Mrs. Pyrite that see it all for what it is, yet can have the pleasant and uplifting attitude that we need to get by.
[Edit]
- ... dilute yer ass off .... -- BWP, 00:31:07 11/15/09 Sun
"Nov. 14 (Bloomberg) -- Hitachi Ltd. may raise as much as 400 billion yen ($4.5 billion) through the sale of new stock and convertible bonds, Reuters reported, citing two unidentified people familiar with the situation."
... yeah, it'll raise its outstandin' shares by 30% ... looks like these boyz are outta capital and in deep doo doo ... too many electronics firms, I tell ya ... they gonna price themselves outta business doin' deals at or below cost .... gonna see three or four of these electronic biggies crash 'n burn soon ...
[Edit]
- Seriously, Brian -- mudturtle, 00:24:32 11/15/09 Sun
What do you think about this GTDM shot? Your fantasy number hung around for less than a week.
My pompons are not as fluffy as they used to be. I want to sell short GLD about now.
[Edit]
- "you have more patience than I" -- mudturtle, 00:05:19 -- Kip, 00:22:51 11/15/09 Sun
could it be of interest to your 'Montessori'? wife..
“Thinking and Destiny” by Harold Waldwin Percival
[Edit]
- ... power struggles ... -- BWP, 00:20:23 11/15/09 Sun
"The Obama administration Friday pushed back against a proposal in the U.S. Senate to create a single bank super-regulator and strip the Federal Reserve of its supervisory powers. 'In our view, the Federal Reserve is the agency best equipped for the task of supervising the largest, most complex firms.'"
... yeah, now ya know who O'Bammy is really workin' fer ... it's that or he's gettin' real bad advice or they're simply pullin' the wool over his eyes ... these Lefty politicians all suck bigtime ...
[Edit]
- @ Brian, slag was in the fours for most of that time -- BWP, 00:11:40 11/15/09 Sun
... yeah, kinda sorta ... it travelled from the 4's ta the 5's and back ta the 4's again ... in any case, I can't do maff worth a shit 'cause I was too busy buffin' my Maple ta pay attention in class .... they dumbed me down way before the others ....
[Edit]
- I am keenly reading it now. -- mudturtle, 00:05:19 11/15/09 Sun
you have more patience than I.
Toss out a review if you find value there.
[Edit]
- Brian, slag was in the fours for most of that time. -- mudturtle, 00:03:45 11/15/09 Sun
I even bought at an interim high of 4.70---finest doorstops on my block, I'll tell ya. Good for throwing at the skunks that traipse through my postage stamp sized back yard too.
[Edit]
- SLV - New record high reported @ 8,954.08 tonnes -- The_Vet, 00:03:40 11/15/09 Sun
While GLD reported bullion waffles around well under the record high figures for its gold holdings, silver in SLV has risen quietly and consistently to the current 8,954.08 tonnes or 287,880,359.000 ounces well above the previous high of 8828.14 tonnes set on 31st July 2009.
The premium/discount for SLV reported on Friday was 0.76%, not unusually high but obviously high enough to force the APs to buy in more metal...
[Edit]
- mudturtle..... -- Kip, 00:03:37 11/15/09 Sun
...from the 'Mike Sheller' link your 21:50:28..
"Please accept my very fervent suggestion that you obtain and read the book “Thinking and Destiny” by Harold Waldwin Percival"
I am keenly reading it now..
[Edit]
- BUFFORD -- mudturtle, 23:59:02 11/14/09 Sat
Thanks, I'll try that. I bought "100% compatible" cartridges but they don't work. I cannot see why not, but tough shit on me.
[Edit]
- Got Hobbies? -- LilDevil, 23:49:36 11/14/09 Sat
Remote Controlled Jets
http://www.youtube.com/watch?v=766N1mAe0og
http://www.youtube.com/watch?v=kSK8cEN7xjY
http://www.youtube.com/watch?v=-kl5TrdqETM&feature=related
Crazy RC Helicopters
http://www.youtube.com/watch?v=q6F-0rIpLJE
http://www.youtube.com/watch?v=JdrBihTT3p0&feature=related
[Edit]
- Mike Sheller and Calvf -- Romanov, 23:48:47 11/14/09 Sat
I first became aware of Calvf from Mike Sheller; he recommended Caledonia Mining either on the old Kitco or in one of the obsidian project reports.
[Edit]
- Nicholas Cage - shoulda bought gold -- Romanov, 23:34:26 11/14/09 Sat
Two homes in foreclosure...blaming his ex-money manager for his money problems. But insiders say it was Cage who spent his way into big troubles. 12 houses, 11th century castle, two islands, shrunken heads, 50 cars including a D-type Jaguar.
http://www.thedailybeast.com/blogs-and-stories/2009-11-03/nicolas-cage-compulsive-spender/?cid=tag:all1
[Edit]
- ... gold 'n silver .... -- BWP, 23:29:28 11/14/09 Sat
... at the bottom of the metal bear market in '99, gold was $250 and silver was $5 .... today, it's $1100 and $17 ... and this with silver outperformin' gold this last year at a ratio of about 2:1 ... so, if I'm doin' the numbers right, then silver is currently where it should be in relation ta gold and should perform 1:1 wif gold from now on ... or, it's all bogus and don't mean dick ... either way, I ain't gonna lose anymore sleep over this ...
[Edit]
- Mike Sheller -- LLegua, 23:11:21 11/14/09 Sat
I remember Mike Sheller from those days ,late nineties,a real gentleman.
Also of some interest was his astrological analysis of AUY at the time.He indicated that the chart for AUY was about to explode.
Sorry I don't have a copy of his posts from that time.
Cheers to all....except Skinee:-)
[Edit]
- ... spread the wealth ... over there ... -- BWP, 23:01:36 11/14/09 Sat
"Even as the US market continues to rally, many institutional investors are trimming their US holdings and putting more money in foreign stocks—especially those in emerging markets."
... yeah, ya wanted 'global' ... well, ya got 'global' ... them Patriot Bonds suck when it comes ta ROI ...
[Edit]
- Steve Keen.... he has it nailed, but few wish to hear the truths he shares -- Kip, 22:59:59 11/14/09 Sat
http://blip.tv/play/jzKBrYFNAA
[Edit]
- -- -- Winston, 22:57:17 11/14/09 Sat
mudturtle - on Ebay you can get refill kits for most cartridges. I use a Brother 5250DN printer that prints on both sides of the page. The cartridges are so cheap now I don't refill.
[Edit]
- .... press watch ... -- BWP, 22:55:52 11/14/09 Sat
"New York Times to Lay Off News Service Workers"
... yeah, they're gonna print munny fer the Fed ....
[Edit]
- .... gold's gonna go so high that yer eyeballs will implode .... -- BWP, 22:49:46 11/14/09 Sat
... kinda painfull and glorious at the same time, if ya catch my drift ....
[Edit]
- Mudturtle............if they're laser toner cartridges -- BUFFORD, 22:47:32 11/14/09 Sat
I use a one inch washer screwed on the end of a 42 watt soldering iron to melt an opening in the top of the toner resovoir..........push it in just enough to break loose with pliers. Filler up with the toner and plug it with a solid one inch grommet.
I print a cpouple 100 pages a day so I fill my own
[Edit]
- ... the truth is out there ... -- BWP, 22:40:19 11/14/09 Sat
"Water on Moon Found in `Significant' Amounts After NASA Probe Hits Surface"
... yeah, and they found beer on Neptune ... big deal ... are ya gonna drive fitty billion light years fer a brewski? ... maroons ...
[Edit]
- ... would ya like a bon bon wif yer auto ...? -- BWP, 22:32:36 11/14/09 Sat
"GM: 37 pct of US Saab dealerships to close- AP"
... so what? ... they were driven by poofies anyway ... real men drive tractors and monster trucks ...
[Edit]
- Winston -- mudturtle, 22:30:21 11/14/09 Sat
Do you still use Samsung laser printers? If so, how does one re-load the cartridges? Do you have any tips? If so, TIA.
[Edit]
- Mars Rover(s) Update.............. -- LilDevil, 22:28:00 11/14/09 Sat
Spirit and Opportunity
Spirit:
PASADENA, Calif. -- NASA will begin transmitting commands to its Mars exploration rover Spirit on Monday as part of an escape plan to free the venerable robot from its Martian sand trap.
Spirit has been lodged at a site scientists call "Troy" since April 23. Researchers expect the extraction process to be long and the outcome uncertain based on tests here on Earth this spring that simulated conditions at the Martian site.
"This is going to be a lengthy process, and there's a high probability attempts to free Spirit will not be successful" said Doug McCuistion, director of the Mars Exploration Program at NASA Headquarters in Washington. "After the first few weeks of attempts, we're not likely to know whether Spirit will be able to free itself."
Spirit has six wheels for roving the Red Planet. The first commands will tell the rover to rotate its five working wheels forward approximately six turns............more
http://www.nasa.gov/mission_pages/mer/news/mer20091112.html
Opportunity: Fully Operational
Mission Manager Reports
http://www.nasa.gov/mission_pages/mer/opportunity-update.html
[Edit]
- ... gettin' old ... -- BWP, 22:27:08 11/14/09 Sat
'The growing number of individuals aged 60 and older will place ever-growing demands on the health care system. Increased levels of disability, particularly among the youngest of older adults, may also negatively affect economic productivity.' She said younger people could also lose out if they have to 'compete with older people for scarce resources in an overburdened healthcare system'
... yeah, looks like they'll force euthanasia on us ... gold finally takes off and they're herdin' towards the killin' fields ... gettin' old was supposed ta be fun .... fartin' on squirrels inna park was one of my dreams ...
[Edit]
- sheller on the "rhino horn" back in the day -- BUFFORD, 22:22:49 11/14/09 Sat
http://www.gold-eagle.com/gold_digest/astro922.html
[Edit]
- I sent an e-mail to the 2009 address -- mudturtle (), 22:10:10 11/14/09 Sat
@DeltaAu, I read that too. I think that it came in a roundabout way from tolerant1. T1 was always a fabricator of bullshit, so who noze?
I did a search for no good reason, so that's how I ended up on the previously linked site.
I'd like Donald to post here once in a while too. He was on Tamryn's site for a while, but I stopped reading it when it was unavailable for a while. Does anyone know if he still posts there?
Last edited by author: Sat November 14, 2009 22:13:11
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[Edit]
- JFK warned us about secret societies -- siempre33, 22:12:31 11/14/09 Sat
http://www.truth-it.net/JFK_SECRET_SOCIETIES_SPEECH.HTML
[Edit]
- send him GE link..............I thought he had a "head injury" -- BUFFORD, 22:05:33 11/14/09 Sat
maybe he was the only normal one of the bunch
[Edit]
- Sheller stuff -- mudturtle, 22:03:14 11/14/09 Sat
Sheller's old e-mail:
email:obproj@i-2000.com
23 June 1998
++++++++++++++++++++++++++++
New e-mail:
Mike Sheller
obproj@verizon.net
++++++++++++++++++++++++++++++
GATA be the same guy.
[Edit]
- Mike Sheller? -- mudturtle -- Earl, 22:02:43 11/14/09 Sat
His comments shur read like the Mike Sheller I remember.
[Edit]
- mudturtle ............I don't think thats the Mike Sheller -- BUFFORD, 22:02:34 11/14/09 Sat
of astro forecast
http://www.gold-eagle.com/research/shellerndx.html
[Edit]
- mudturtle .. -- Delta-au, 22:00:51 11/14/09 Sat
i wa under the impression mike sheller passed away about 6-7 years ago .. But .. ICBW ..
[Edit]
- :-: -- Kip, 21:55:24 11/14/09 Sat
[Edit]
- Anyone remember Mike Sheller? -- mudturtle (this sounds like him), 21:50:28 11/14/09 Sat
http://www.complexitystudies.org/2008/01/10/spread-the-word-evolution/comment-page-1/
+++++++++++++++
The e-mail address seems to ring a bell too. Does anyone care to contact him that knows him well?
[Edit]
- :-) -- Kip, 21:37:41 11/14/09 Sat
Gold priced in oz. gold . . . chart
[Edit]
- Illustrated history of Scientology -- mudturtle, 21:08:02 11/14/09 Sat
http://historyofscientology.ytmnd.com/
[Edit]
- T-Bonds priced in USDX component currencies -- Kip, 21:07:34 11/14/09 Sat
for those somewhat mystified by the charts that I post...
I look for trend lines that connect 3 or more obvious swing points. These trend lines constructed on a semi-log chart represent constant-accelerating price movement. While that movement remains intact it often pays to trade in the direction of that movement. If there exists a parallel trendline, then both lines are more likely to be meaningful for determining probable future turning points for that market, IMO.
* case in point.... the '08-'09 high this T-Bond chart .......In retrospect! when price touched the rising trend line it was probable that a reaction would occur, as indeed it did.
[Edit]
- Medical workers balk at mandatory flu vaccines -- LilDevil, 20:57:12 11/14/09 Sat
".............The question now dividing the medical community is whether it makes more sense to force health workers to get flu shots or to coax them into rolling up their sleeves voluntarily. Proponents of the mandatory route, adopted by a growing number of hospitals, say voluntary efforts largely have fallen short.............."
".............He and other advocates of mandatory vaccination point to research they say shows steep declines in patient flu deaths and staff sick days when caregivers are immunized..............."
"..............UNION CHALLENGES
Healthcare workers unions are challenging compulsory flu vaccine policies with some success..................................more
http://www.reuters.com/article/newsOne/idUSTRE5AC57F20091113?sp=true
[Edit]
- Winston..well at least the manipulated pattern is making some sense -- Nuclearson, 20:30:12 11/14/09 Sat
and it makes sense also that "they" would be worshippers of the moon as well as the sun
that is what the symbol of the all seeing eye is based on anyways
crescent moon with a star in it
[Edit]
- 18,134 silver bullion items for sale on e-bay" -- Nuclearson, 20:24:05 11/14/09 Sat
and it is all selling for more than spot...about 10% or more plus shipping
[Edit]
- Just maybe he was smarter than we gave him credit for.... -- 2bro2b, 20:10:39 11/14/09 Sat
Certainly creditors gave him just what he is maybe smarter for.
http://www.corbisimages.com/images/42-21547923.jpg?size=67&uid=C921FAF7-EAAE-4811-9582-C147241BCAF3
[Edit]
- 18,134 silver bullion items for sale on e-bay -- Miniminer, 19:47:30 11/14/09 Sat
last year there were 8,000 listed for sale....beware
http://shop.ebay.com/?_from=R40&_trksid=p3907.m38.l1313&_nkw=silver+bullion&_sacat=See-All-Categories
[Edit]
- joke -- mudturtle, 19:44:34 11/14/09 Sat
http://23.media.tumblr.com/tumblr_ksjdwnSiZI1qzqgudo1_500.jpg
[Edit]
- Kip, 15:27 -- mudturtle (I have always used a 30 year overhang-), 19:42:26 11/14/09 Sat
The Saville article is a re-hash of what we discussed over the years. Most of us know all of that, but for newbies, it is a very good piece. I would strongly recommend that article as a primer for those new to gold "investment" that get the usual crap on gold as an inflation hedge, peak gold, etc.
I wonder how many of the big fund guys that are pushing POG up know the facts contained in Saville's essay.
[Edit]
- -- -- Winston, 19:17:39 11/14/09 Sat
'Stock Market Rally is Worth Shorting Here'
http://www.marketoracle.co.uk/Article15052.html
[Edit]
- BOE "gold"...no wonder Brown sold England's (fake) gold for $250/oz? -- Nuclearson -- The_Vet, 18:55:31 11/14/09 Sat
Just maybe he was smarter than we gave him credit for....
$250 an oz for tungsten is a pretty good price!
[Edit]
- fake gold bars, theo gray at popsci.com -- AZAU -- The_Vet (), 18:50:08 11/14/09 Sat
I would imagine that a good whack with a steel hammer could be diagnostic. The major difference with tungsten and gold is the hardness and malleability. For a more definitive test a press with a hardened steel probe long enough to pass through the gold coating would also work. It would go through the gold easily but the tungsten would stop it cold...
Please send all your 400 oz bars to mme for testing. I will return all proven good bars but for legal reasons all fakes or suspect fakes will be confiscated. No charge for the testing! LOL....
Last edited by author: Sat November 14, 2009 18:50:43
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[Edit]
- Crude Oil priced in USDX component currencies -- Kip, 18:34:11 11/14/09 Sat
[Edit]
- Only consult LilDope -- Carmack, 18:01:15 11/14/09 Sat
for proctology related difficulties !
A man went into the proctologist's office for his first exam.
The doctor told him to have a seat in the well air-conditioned examination room and that he would be with him in just a few minutes.
When the man sat down in the examination room, he noticed that there were three items on a stand next to the doctor's desk: a tube of K-Y jelly, a rubber glove, and a beer.
When the doctor came in, the man said, "Look Doc, this is my first exam. I know what the K-Y is for, and I know what the glove is for, but what's the beer for?"
At that instant, the doctor became noticeably outraged and stormed over to the door.
The doc flung the door open and yelled to his nurse, "Dammit, nurse! I said a butt light!"
[Edit]
- fire and sound...good combination -- Nuclearson -- LilDevil, 17:49:14 11/14/09 Sat
Kool. Off to find a 12" pipe, 1/2 drill and some acetylene....dyodd......lol
[Edit]
- Dabchyk -- Kip, 17:48:58 11/14/09 Sat
heretofore I hadn't given thought to the possible ramifications of a higher CNY/USD wrt the price of gold.
but your 16:06:57 insightful comments do make sense, and ring true. Thanks for sharing them. Unique, independent thinkings can be invaluable.
[Edit]
- :-: -- Kip, 17:29:33 11/14/09 Sat
semi-log chart variant of gold priced in the component currencies of US Dollar (DX) Index .....duration matching Dabchyk's weekly
[Edit]
- b_w - Healthy Protocols Sign UP -- LilDevil, 17:28:43 11/14/09 Sat
"............Membership
One-Time Membership fee of only $20. This membership fee is for a two year period................."
Whats the fee for???
"......The information provided throughout this site should not be used during any medical emergency or for the diagnosis or treatment of any illness. Call 911 for all medical emergencies. A licensed integrative physician should be consulted for diagnosis and treatment of any and all illnesses you can not handle yourself. You and your doctor should reach an informed consensus on diagnosis and treatment..................."
What's the disclaimer for?
Congrats* on the completion of your new www site, nice job...........
*Note: Congratulations are offered with the understanding and condition that LilDevil does not endorse nor refute any information provided throughout this site. It should not be used during any medical emergency or for the diagnosis or treatment of any illness.
Call 911 for all medical emergencies.
A licensed integrative physician should be consulted for diagnosis and treatment of any and all illnesses you can not handle yourself. You and your doctor should reach an informed consensus on diagnosis and treatment.....
[Edit]
- The Etiology of our Political Pandemic -- b_w, 17:22:05 11/14/09 Sat
14 Nov 2009
The Etiology of our Political Pandemic
"Since babies are unlikely to contract hepatitis B and vaccine efficacy declines after a few years babies are being subjected to all the risks of the hepatitis B vaccine without any benefit.” Another deadly worthless “vaccine”
Our Political Pandemic may be characterized by the Bio-Weapons and campaigns that define it.
Pre 1997 Bio-Weapons Testing Phase: Numerous bio-weapons were tested world wide. The holy grail of course is a deadly contagious disease which may be delivered in an aerosol form from high flying aircraft. It appears low flying aircraft will also work in a pinch such as in the Ukraine. We can only hope the holy grail has not been achieved. IMO they NEED to put a needle in you to kill hundreds of millions or billions. Bio-Weapons that weaken your immune system delivered from high flying aircraft HAS been achieved. The amount of bromide in the atmosphere has tripled since 1995.
1997 - 2003: The results of the testing were put to work designing and manufacturing several bio-weapons. Among these were SARS, Avian Flu H5N1, Mexico City H1N1, Ukraine Pneumonic and several others so far hidden in the bio-labs.
2000 the Y2K Testing: Y2K was a dry run for the world reaction at least in theory for a large part of society unable or unwilling to venture out of their homes and go to work. This is the expected situation with a contagious pandemic.
SARS 2003: SARS was a complete campaign as opposed to simple bio-weapons testing. With SARS government, media and propaganda organs were brought into the mix and the results analyzed. One aspect hitherto untested was the impact of large numbers of pneumonia diseased patients flooding a hospital and in other ways stressing the host infrastructure.
Avian Flu H5N1 2006: This complete campaign encompassed several countries and included the introduction of "vaccine" to appear to combat the bio-weapon.
Mexico City 2009 Campaign: This appears to be the major campaign. This campaign appears to be designed to last thru the introduction of several different bio-weapons world wide, several rounds of world wide "vaccination" and bring politically sanctioned death and destruction world wide.
Mexico City H1N1 Bio-Weapon # 1: A relatively harmless supposedly rapidly spreading obviously lab concocted amalgam of human, avian and swine viruses. IMO the purpose of this weapon is to get the unproven, honestly untested "H1N1 vaccine" in as many young bodies world wide as possible. When the killer weapon hits they will ask "Why is it killing the "healthy" young people?" Only a truly ignorant person should ask such an question.
Ukrainian Pneumonic Bio-Weapon(S) # 2: At this time it is unclear if one or two weapons have been introduced in the Ukraine. Hundreds of on the ground reports state these weapon(s) were released from low flying aircraft. My best guess is that before this campaign is over both a drug resistant viral pneumonia and a pneumonic plague type bio-weapons will be introduced into the mix.
These weapons project to kill many millions should they be introduced world wide, which they appear to be intended to be. No borders nor airports have closed as the disease spreads from the Ukraine to Poland, Hungary and Russia. Many Ukrainians work in the USA and visit home often.
Unknown Bio-Weapons # 3 - #?: We can only guess how many more weapons will be released. Most IMO will be more virulent than the Ukrainian pneumonic ones. We know several hundred very pathogenic bio-weapon "samples" have disappeared from Fort Detrick. To stir up excess pandemonia on the top of the pneumonia these could be seeded into the mix.
Insane, murderous, although quite intelligent unimaginably rich madman now run this poor world.
http://healthyprotocols.com/2_pandemic_update.htm
[Edit]
- gold supply -- Smythe, 16:34:35 11/14/09 Sat almost every ounce of gold ever mined is still around. -- Delta-au, 16:50:33 11/14/09 Sat
true .. losses will be quite small ..
imagine a few gold teeth ..
some jewelry occasionally buried with the deceased's ..
gold plated objects tossed away ..
and maybe some other miniscule losses ..
Most of the gold ever mined was actually done in the most
recent times .. say the last 30-50 years or so ..
..
[Edit]
- - -- faloffal, 16:48:12 11/14/09 Sat
jeepers, when I was 23-26 it was a MAD MAD world in manufacturing. We couldn't work HARD enough to LOWER costs. Find NEW ways of making the gadget cheaper and faster.
That was the mid 1980's
Commodities, down they go!
and the Malls, they went up!
[Edit]
- TED spread down-channel breached -- Kip, 16:44:20 11/14/09 Sat
[Edit]
- - -- faloffal, 16:37:17 11/14/09 Sat
the US dollar strengthening on stronger than expected Deflation in emerging markets?
that's money coming home to "mothercountry" if anyone is wondering
but for how long? That's the volatility.
[Edit]
- @gold supply -- Smythe, 16:34:35 11/14/09 Sat
almost every ounce of gold ever mined is still around. Year to year supply is immaterial. It is one property that makes gold a perfect money, it is demand sensitive, and hoardable. It is not consumed by industry. only reshaped.
[Edit]
- FDPIX versus Reciprocal $USD .. -- Delta-au, 16:29:42 11/14/09 Sat
The method and symbol for inverting a chart @ stockcharts
is to use the $ONE symbol in conjunction with chart to be
inverted ...
and in this case, for the USD .. the chart below has the
symbols "$ONE" and "$USD" combined by ":" to invert the
USD chart ..
We tested the veracity of the pair using "$ONE:$USD"
against FDPIX, and found only a small divergence over
the most recent three year period .. and same against
the prior three years .. so all previous inverse-USD
charts posted here are still useful ..
http://stockcharts.com/h-sc/ui?s=$ONE:$USD&p=W&st=2005-01-01&en=2009-07-12&id=p25166066860
..
[Edit]
- - -- faloffal (), 16:24:59 11/14/09 Sat
Tungsten, hmmm. It rolls of the tongue does it not? slippery and firm. Watch what they do, not what they say!!
Last edited by author: Sat November 14, 2009 16:27:28
Edited 1 time.
[Edit]
- - -- faloffal (), 16:11:45 11/14/09 Sat
thinking about a headline, but it's kinda disrespectful to this board:
"higher schmuckmarket volatility, set to 'do in' elder twaiders"
but let the facts speak for themselves... After age 55 the men outnumber the women in hospital visits. TimeWave is Now in 1955, and we're 54.9 years away in QuantTime cross.
... and Ike... is about to have.... THE BIG ONE
Last edited by author: Sat November 14, 2009 16:21:31
Edited 2 times.
[Edit]
- - -- faloffal (), 16:17:35 11/14/09 Sat
i will match your 'evaporation' and raise you an 'isomorphism'
http://en.wikipedia.org/wiki/Isomorphism
Last edited by author: Sat November 14, 2009 16:20:38
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[Edit]
- Kip -- Dabchyk, 16:06:57 11/14/09 Sat
Thanks again, and that FDPIX is certainly a good find.
On a further note regarding weightings, it seems to me that while the Yuan remains essentially linked to the $, the rate of decline of the US$ will be somewhat constrained. And hence, conversly, so will the the rate of climb of the $POG remain constrained. But once the independence of the Yuan features more prominently in the thinking of western market-makers, and the strength of the Yuan becomes established on its own legs and the US$ becomes more and more discredited, especially relative to the Yuan, then the $POG must rise more sharply.
When the Yuan breaks free of the US$, I suppose it will be because of an "event", independent of government manipulation. It will be sudden, and unexpected. Before that happens, I ought to make sure I have my index based on the weightings of the FRB Majors $TWI, instead of as at present, on the BoE $TWI.
Incidentally, I suppose a sudden rise in the Yuan would be followed by a slow reduction in the China - US trade, which would reduce the weighting of that trade in the index.
Dabchyk
[Edit]
- - -- faloffal, 16:06:51 11/14/09 Sat
Using the Farmer's Almanac definition of blue moon (meaning the third full moon in a season of four full moons), blue moons occur:
* November 21, 2010
* August 21, 2013
[Edit]
- Both linques go to the same article.....sorry -- duppy, 16:00:57 11/14/09 Sat
[Edit]
- Health timebomb hits baby boomers: -- duppy, 15:59:31 11/14/09 Sat
Over-60s suffer more illnesses caused by bad diet and lack of exercise
http://www.dailymail.co.uk/news/article-1227670/Health-timebomb-hits-baby-boomers-Over-60s-suffer-illnesses-caused-bad-diet-lack-exercise.html#ixzz0WrytzQub
http://www.dailymail.co.uk/news/article-1227670/Health-timebomb-hits-baby-boomers-Over-60s-suffer-illnesses-caused-bad-diet-lack-exercise.html
No shit.
dUp
[Edit]
- John Williams shadow stats -- Jasper, 15:56:25 11/14/09 Sat
unemployment 22%\
Gdp - 5.7%
• Key Indicators Continue Bottom-Bouncing at Low-Level Plateaus of Business Activity
• 10 Years of Production Growth Has Evaporated, All Post-World War II Housing Growth Is Gone
• Positive Quarterly 3rd-Qtr GDP Growth Would Not Mean Recession's End
• PPI Annual Inflation Should Turn Positive by Year-End
[Edit]
- - -- faloffal, 15:55:20 11/14/09 Sat
Blue Moon - Two full moons in one month:
* 2001, November 1, November 30
* 2004, July 2, July 31
* 2007, June 1, June 30
* 2009: December 2, December 31 (Blue Moon on New Year's Eve)
* 2012: August 2, August 31
* 2015: July 2, July 31
can u dig it?
[Edit]
- detecting ancient and modern counterfeit coin -- mozel, 15:33:44 11/14/09 Sat
http://www.forumancientcoins.com/fakes/index.php
http://reactor-core.org/~djw/myblog/archives/2008/10/24/T12_14_56/
[Edit]
- "world gold supply runs out" -- Nuclearson, 14:59:44 -- Kip, 15:27:35 11/14/09 Sat
imo that is typical of rhetoric fed to the ignorant that's blatantly incorrect, and by some accounts indeed NOT even material
for a little insight on the matter, here's a recent piece by Steve Saville.
[Edit]
- fake gold bars, theo gray at popsci.com -- AZAU, -- Romanov, 15:08:28 11/14/09 Sat
Nondestructive testing of gold:
http://www.igem.com/c-3-gold-testers.aspx
[Edit]
- Barrick shuts hedge book as world gold supply runs out -- Nuclearson, 14:59:44 11/14/09 Sat
http://www.telegraph.co.uk/finance/newsbysector/industry/mining/6546579/Barrick-shuts-hedge-book-as-world-gold-supply-runs-out.html
Global gold production is in terminal decline despite record prices and Herculean efforts by mining companies to discover fresh sources of ore in remote spots, according to the world's top producer Barrick Gold.
Aaron Regent, president of the Canadian gold giant, said that global output has been falling by roughly 1m ounces a year since the start of the decade. Total mine supply has dropped by 10pc as ore quality erodes, implying that the roaring bull market of the last eight years may have further to run.
"There is a strong case to be made that we are already at 'peak gold'," he told The Daily Telegraph at the RBC's annual gold conference in London.
"Production peaked around 2000 and it has been in decline ever since, and we forecast that decline to continue. It is increasingly difficult to find ore," he said.
Ore grades have fallen from around 12 grams per tonne in 1950 to nearer 3 grams in the US, Canada, and Australia. South Africa's output has halved since peaking in 1970.
[Edit]
- XAU and DOW -- jesse22, 14:51:29 11/14/09 Sat
If you take yesterday's DOW and XAU charts and overlap them, they look like the same chart==amazing correlation.
[Edit]
- abiotic tungsten -- 2bro2b, 14:43:34 11/14/09 Sat
Top Ten Searches
1. if it wasn't on Drudge it didn't happen
2. http://www.marketoracle.co.uk/images/2009/Nov/gold-12_image002.jpg
3. so that's why CFL lighting is mandatory
4. Suspect apprehended. Big hairy smelly
handcuffed Bigfoot dragged out
under the klieg lights of cable news
clutching a real kilobar.
5. So that's what those chemtrails were, cargo jets
transporting fake tungsten bars getting struck by
lightning.
6. customs checkpoints alerted to be on the lookout
for any heavy kilobar shipments possibly coated with
tungsten.
7. customs reports no kilobars but found briefcases
full of fake bonds possibly intended for payment of
fake bars, a double-double cross. CIA informs
higher ups.
8. Potempkin President and Potempkin FedHead converge
on Potempkin Knox for a press conference with
Potempkin media to announce after inspection
everything was as expected. SecOfState reminds
a worried world it takes a village. The plot
thickens.
9. Little piece of cornbread laying on a shelf, uh-huh
Little piece of cornbread laying on a shelf, uh-huh
Little piece of cornbread laying on a shelf
If you want any more, you can sing it yourself, uh-huh.
[Edit]
- investors in ETF and USA citizens / congress critters -- WileE, 14:41:19 11/14/09 Sat
should call for an audit of major gold holdings (GLD, Ft Knox, NY Fed and Comex-approved warehouses come to mind) for possible Tungsten fakes. With lab reports from independent agencies using some agreed to standardized, non-destructive testing (I don't know what might be but somebody probably does). Write to Ron Paul, maybe a new bill is called for.
[Edit]
- MichaelH - silver -- Mikikis, 14:34:53 11/14/09 Sat
I am currently holding a very significant physical silver position...maybe you haven't been paying attention to my posts enough to remember that detail.....besides, for this purchase I prefer the 20 oz weight over the 1300+ oz weight for the same monetary value of silver...have plenty of the backbreaking stuff thank you.
[Edit]
- HUI priced in USDX component currencies -- Kip, 14:24:14 11/14/09 Sat
[Edit]
- fake gold bars, theo gray at popsci.com -- AZAU, 14:14:41 11/14/09 Sat
A top-of-the-line fake gold bar should match the color, surface hardness, density, chemical, and nuclear properties of gold perfectly. To do this, you could could start with a tungsten slug about 1/8-inch smaller in each dimension than the gold bar you want, then cast a 1/16-inch layer of real pure gold all around it. This bar would feel right in the hand, it would have a dead ring when knocked as gold should, it would test right chemically, it would weigh *exactly* the right amount, and though I don't know this for sure, I think it would also pass an x-ray fluorescence scan, the 1/16" layer of pure gold being enough to stop the x-rays from reaching any tungsten. You'd pretty much have to drill it to find out it's fake. (Unless, of course, central bank gold inspectors are wise to this trick and have developed a test for it: Something involving speed of sound say, or more powerful x-rays, or perhaps neutron activation analysis. If bars like this are actually a common problem, you certainly could devise a quick, non-destructive test for them, and for all I know, they have. Except, apparently, in Ethiopia.)
Such a top-quality fake London good delivery bar would cost about $50,000 to produce because it's got a lot of real gold in it, but you'd still make a nice profit considering that a real one is worth closer to $400,000. A lower budget version could be made by using the same under-sized tungsten slug but casting lead-antimony alloy around it (to match the hardness, sound, and feel of gold), then electroplating on a heavy coating of gold. Such a bar would still feel and sound right and be only very slightly underweight, while costing less than $500 to produce in quantity. It would not pass x-ray fluorescence, and whether it passes a chemical test would depend on how thick the electroplating is.
This is the solution I recommended for Cobra Gold, because they only needed their fake gold to pass a field inspection, which is to say, someone picking it up and knowing what gold should feel like when you lift it. You may quibble for other aspects of the plot if you like, but I think the fake gold would have worked.
And let me tell you, it's a sad day for criminal masterminds when my fictional fake gold, designed only to trick a terrorist cell, is so much better than the real fake gold used to rip off a real government bank for millions of real dollars.
[Edit]
- fire and sound...good combination -- Nuclearson, 14:08:19 11/14/09 Sat
http://www.youtube.com/watch?v=wBydVCF4DrY
[Edit]
- Will the GDXJ be used to Cap the Price of Juniors? -- AU_NB, 13:52:37 11/14/09 Sat
If you look at the Prospectus, the new Junior Gold Miners EFT (GDXJ) has to authority to:
1. Purchase "securities" other than the stock certifiates of the companies listed in the underlying Index and to overweight or under weight the securities in the Fund as compared to the Index:
"However, under various circumstances, it may not be possible or practicable to purchase all of those securities in these weightings. In these circumstances, the Fund may purchase a sample of securities in the Junior Gold Miners Index. There also may be instances in which the Adviser may choose to overweight a security in the Junior Gold Miners Index, purchase securities not in the Junior Gold Miners Index that the Adviser believes are appropriate to substitute for certain securities in the Junior Gold Miners Index or utilize various combinations of other available investment techniques in seeking to replicate as closely as possible, before fees and expenses, the price and yield performance of the Junior Gold Miners Index. The Fund may sell securities that are represented in the Junior Gold Miners Index in anticipation of their removal from the Junior Gold Miners Index or purchase securities not represented in the Junior Gold Miners Index in anticipation of their addition to the Junior Gold Miners Index."
(Prospectus, "Index Investment Approach," folio p. 1)
2. Engage in the buying or selling of securities other than shares of the specific mining companies in the Junior Gold Miners Index, with deravitive "securities" such as swaps, options, warrants, and futures contracts... in other words, "representative" shares:
"The Fund may also utilize derivative instruments, such as swaps, options, warrants, futures contracts, currency forwards (and convertible securities and structures notes), and participation notes to seek performance that corresponds to the Junior Gold Mining Index. Investments that have economic characteristics that are substantially identical to the economic characteristics of the component securities of the Junior Gold Miners Index will count toward the 80% investment policy discussed above."
(Id. at folio p.2)
Prospectus found at:
http://vaneck.com/index.cfm?cat=4111&cGroup=ETF&ShowIt=Prospectus,SAI&LN=3-06#
At a minimum, the GDXJ may not be as large a demand source for the Juniors as many may have anticipated.
But,
jmho
icbw
[Edit]
- -- -- Winston, 13:51:56 11/14/09 Sat
a base found to include 1.3 million tungsten bars would be wildly deflationary & au goes to the moon
[Edit]
- In the year 2035 -- Bizarro_Greenspan, 13:48:44 11/14/09 Sat
http://www.epmag.com/Magazine/2009/11/item47352.php
"Looking forward, there are few optimists. Some analysts believe the July 2008 production number of 86.7 MMb/d will represent “practical peak oil,” arguing that, given the adverse impact of the recession on oil production, by the time the oil industry ramps up production again, accelerating production decline rates from existing wells will dominate new production additions.
Others, including the EIA, some oil companies, and Douglas-Westwood, take a somewhat more positive view and do not discount the potential for the oil supply (including unconventional and biofuels) to grow to around 100 MMb/d at peak. The EIA, in particular, sees the oil supply at 106 MMb/d in 2030, although one might note that the EIA has progressively reduced its forecast from 118 MMb/d in the last three years.
Demand, on the other hand, has enormous potential. China alone could increase its demand from around 8 MMb/d to nearly 45 MMb/d by 2030 if it follows the path of South Korea at similar stages of development. Other countries — notably India and Brazil — could see their consumption increased by 12 MMb/d over 2005 levels. And importantly, if invisibly, the other non-OECD countries could increase their consumption by nearly 28 MMb/d. This may be surprising, but the “other non-OECD” comprises many countries with a population of 2.5 billion, including all of Africa and the Middle East; all of South America excluding Brazil; and places like Pakistan, Indonesia, the Philippines, Vietnam, and the rest of Indo-China. The oil demand of these countries rarely merits individual comment in the press, but collectively they represent a population almost as large as China and India combined and the lion’s share of population growth to 2030. Even if the advanced countries were assumed to hold consumption flat over the period, global oil demand might be expected to nearly double and approach 160 MMb/d by 2030, assuming the oil supply was available at affordable prices.
Consequently, by any reasonable measure, demand is likely to outstrip supply be a wide margin."
***********************************************************
Good grief,what are the ramifications of dis...
"This, then, may be the pattern to be anticipated in an era of peak oil, a time when increases in supply may not be sufficient to power the aspirations of all nations.
When this happens, prices will rise as the fast growing economies bid away the existing supplies of the incumbent users.
How might this look in practice? Oil supply growth to 2030 is uncertain, with estimates ranging from about 93 to 106 MMb/d. Clearly, demand will have to adjust to available supply. By 2030, China will be most of the way through its “motorization” process, and we project that China’s per capita oil consumption at that time would roughly equal three-quarters of South Korea’s and about half of US per capita consumption today. If the countries’ per capita consumption is further adjusted for forecast populations, we would expect China’s oil consumption to be about twice that of the US in 2030. However, given that available supply will be less than desired, consumption for China, the US, and the rest of the world will have to be allocated pro-rata into a limited supply of perhaps 100 MMb/d. This implies that the consumption of advanced countries must fall, just as it did after 2006.
From its peak of near 21 MMb/d in 2005, US consumption is anticipated to decline by about one-third, to 14 MMb/d by 2030, representing a 1.5% reduction per annum."
************************************************************
The USA,running on 14 million barrels per day!
Good grief,that will never do.
[Edit]
- "Gold surely is very high in PPP. " -- mudturtle, 11:45:14 -- Kip, 13:48:28 11/14/09 Sat
It certainly is if measuring PPP with corn, wheat and soybeans ($DJAGR index)
trouble is this index is very near decades-old historic lows, BOTH when measured in oz. gold and when priced in major non USD currencies ......as these 2 charts clearly attest..
. . 
concur with your "It isn't very easy for me to figure out how it is going to shake out." .....there does seem to be many x-currents.
That's why I favor the use long-term price charts. They can be valuable tools for keeping one's perspective on track.
[Edit]
- BOE "gold"...no wonder Brown sold England's gold for $250/oz? -- Nuclearson (), 13:45:44 11/14/09 Sat
it was all fake!
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[Edit]
- b_w -- siempre33, 13:45:41 11/14/09 Sat
http://www.voy.com/64855/1254437200.html
[Edit]
- b_w how many hits have you been getting? -- Nuclearson, 13:44:39 11/14/09 Sat
register it on google is easy, should come up early in the searches..
I have been spreading it a little bit
[Edit]
- reading this in light of the -- Nuclearson, 13:43:24 11/14/09 Sat
Tungsten Gold and the fake silver the Chinese are so good at doing makes sense now
James 5:2-4 (New International Version)
2 Your wealth has rotted, and moths have eaten your clothes. 3 Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days. 4 Look! The wages you failed to pay the workmen who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord Almighty.
[Edit]
- Is there a scramble underway to replace those fake 400 oz tungsten bars??? - Winston -- b_w, 13:38:15 11/14/09 Sat
At this stage of the game it's more likely the scramble is to find the real gold and replace it with fake.
[Edit]
- -- -- Winston, 13:37:47 11/14/09 Sat
here's a list of blogs talking about the tungsten bars
--there is a lot of good info in them:
'I can assure you that French authorities are now descending into their vaults beneath the Seine River to conduct assays on every gold brick that they have received in trade with other nations.'
http://blogsearch.google.com/blogsearch?q=kirby%20Tungsten%20bars&sourceid=ie7&rls=com.microsoft:en-US&oe=utf8&um=1&ie=UTF-8&sa=N&hl=en&tab=wb
[Edit]
- ALL want to "scratch below the surface" of this central bankers ultimate scam. - AZAU -- b_w, 13:34:14 11/14/09 Sat
IMO it is not required. A few years ago while digging in the BOE "gold" vault a reporter stated. "The gold bars had fissures in them."
Now when is the last time your saw "fissures" in the worlds most malleable metal?
The only real question is how many real gold bars are in with the fakes. You need at least one or two to hand to people touring the vault.
[Edit]
- best places to look for new ones -- Bizarro_Greenspan (), 13:13:07 11/14/09 Sat
Iraq,Iran and Central Asia,scene of the current GWoT,it's a funny old world.
Then there's Africa,with the light sweet crude that's just dandy for making gasoline,that sounds like a job for Africom.
The US learned in WW II that control of the flow was essential in maintaining global dominance and winning wars.The US proclaims a strategic right to the world's oil.
Nowhere is it mentioned that they actually have to pay for their oil,which is what USD hegemony is all about.
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[Edit]
- Full Healthy Protocols Site is Operational -- b_w, 13:21:55 11/14/09 Sat
What a colossal pain in the a$$. But much of the health related work should be done. I am fairly pleased with the result.
Now I got to get into marketing. LOL!
http://healthyprotocols.com/vitamin_c.htm
[Edit]
- Tungsten Tongue in cheek..........so, you mean the thieves that -- AZAU, 13:14:41 11/14/09 Sat
perpetrated the tungsten bar substitution are now going to run the POG to the moon, and make even more illegal gains?
hahahahahahahahaha!
keynesian economics.....it was fun whilst the larder was full of seed corn...
[Edit]
- bought me 6 dropper bottles of Lomatium (western US Indian sacred plant) -- Nuclearson, 13:13:44 11/14/09 Sat
Thanks for whoever posted it a while back
it tastes like crap though
[Edit]
- Right not the big people are buying gold while the little people sit on their asses... -- Nuclearson, 13:10:28 11/14/09 Sat
when the little people wake up (just 1-5%)
they will not be able to buy gold, too high
they will buy silver hand over fist
that is when silver will take off,
and we are getting closer every hour...
[Edit]
- Yeah Baby! -- Nuclearson, 13:08:28 11/14/09 Sat
2 Thessalonians 2:9-11 (New International Version) 9 The coming of the lawless one will be in accordance with the work of Satan displayed in all kinds of counterfeit miracles, signs and wonders, 10 and in every sort of evil that deceives those who are perishing. They perish because they refused to love the truth and so be saved. 11 For this reason God sends them a powerful delusion so that they will believe the lie
[Edit]
- mozel,the source of the oil is irrelevant -- Bizarro_Greenspan, 13:06:06 11/14/09 Sat
Debating origin theories means squat,it's just a diversionary technique which leads to opportunities for peak detractors to toss around lame playground insults.
Whatever,where are the new supergiant fields,mozel?
The old guy told me about the low hanging fruit theory too,only two super giants discovered in last 40 years;Cantarell is already in serious decline,the one in Kazakistan is a troublesome field which will take decades to develop it's full potential.
Where are the customers' new super giant fields,mozel?
[Edit]
- Current object of my desire -- Mikikis, -- MichaelH, 13:01:20 11/14/09 Sat
So, you believe in silver, but not that much? Gold > 125% of 1980's highs and silver about 1/3 1980 highs. Which the better value?
I could understand that you would be worried that the 500 pound silver institute gorillas might sit on it for another year, but the Nymex came out that definite limits will be in place by early December - not settled on details, but there will be limits set.
I might understand that someone thinks the big four shorts will be able to bribe other entities to take, say 5k of their shorts each with a $25 per ounce bribe to cover any adverse moves (that would really let them out easy) but doing that would be like taking a bribe to hold a pistol from a guy running by when there are cops and cop cars everywhere searching for it.
Gigs up for the silver costra nostra mugs. They control that market solidly for 95%+ of the time, but when things go wrong for them, they go really really wrong.
But each their own... No cussing and regrets on the board please - make a decision and take the results.
[Edit]
- -- -- Winston, 12:44:42 11/14/09 Sat
this does give a new urgency to the question,
got gold?
[Edit]
- Dabchyck -- Kip, 12:43:09 11/14/09 Sat
USDX..... other drawbacks I think you'd agree..
- it is an outdated index. Its currency components and weightings are hardly representative of real world USD actuality.
- its currency components are not adjusted for inflation
out of interest, I wanted to visually see how adjusting the $TWI component currencies for inflation influenced the unadjusted dollar index
here are 2 representative charts (data from the Fed)
. . 
_ _ _ _
anyway, I'm glad to have discovered this inverse USDX ETF symbol FDPIX. Enables one to easily view indices and stx from a non US dollar perspective. ...not ideal, but way better than anything else available to users of StockCharts for this purpose.
thanks for your $TWI explnation and associated comments. Clear and helpful, and interesting!
[Edit]
- -- -- Winston, 12:42:21 11/14/09 Sat
the existence of tungsten bars would explain why it was that Goldman was able to so confidently short gold into the ground over so long a period of time. And it would give Goldman enormous blackmail-type leverage over usg...
[Edit]
- @"When I was a kid,we learned about the greenhouse effect in school -- Bizarro_Greenspan -- mozel, 12:05:49 11/14/09 Sat
My old man taught me about natural limits of global oil production."
@B_G @If you pump it, it will flow ... last night's flowing stream of BS was a full on demonstration of this mini-maxim ...
Just because your old man claimed he could smell dinosaur farts in the oil, doesn't mean it's fossil fuel.
[Edit]
- @Bufford @Who were the people in the parking lot ? -- mozel, 11:58:13 11/14/09 Sat
[Edit]
- Gila Bob.......Bob Hoye is coming up @ CKNW top the hour -- BUFFORD, 11:52:37 11/14/09 Sat
www.cknw.com
[Edit]
- Kip, 10:45 -- mudturtle (), 11:45:14 11/14/09 Sat
Taking in Dabchick's comments too, it is still a worthwhile picture for me. Gold surely is very high in PPP. It is getting so high that it has to be pricing in a widespread currency crisis, or is just the work of the funds that jacked up many commodities just because they can.
++++++++++++++++++
Yeah, like 2B says too. It may be pricing in the current bankruptcy of most of the West and China banking system. It isn't very easy for me to figure out how it is going to shake out.
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[Edit]
- Tungsten, and you thought is was only for light bulb filaments -- Earl, 11:44:09 11/14/09 Sat
And targets inside x-ray tubes. ......... and for the moly fans, the targets are backed by a slab of moly to increase heat absorption. Without the moly, the tungsten target would begin to melt quickly.
[Edit]
- Dudley Do-Right in trivial pursuit -- 2bro2b, 11:42:48 11/14/09 Sat
http://www.zerohedge.com/article/feds-bull-dudley-explains-bank-runs-discusses-collateral-risks-suggests-way-prevent-systemic
Hey a Fed dude who actually gets it now in crystal clear 20-20 hindsight. Less clear is, with armies of economystics and data gatherers, the missing it entirely in foresight.
Well anyway, he can see clearly now, the rain is gone and the sun's back out. Mentioning no Arks, he doesn't see what's gathering in the headwaters up there,
having consolidated the bailout mess in the last banks standing while saving the system. He does get how it all happened to the banks that dominoed.
He doesn't get how that relates to the one he works for, maybe just a failure of imagination, like standing in the Yellowstone caldera
with no volcanoes in sight. Or how counterparty mistrust is now on the scale of entire sovereign nations, rollover risk in T's not B's and babbling on
about his just ducky rubber bucky for riding the storm out. Sort of a trivial pursuit, trivializing the basic unit of trust. Whiplash, Snidely is not concerned.
[Edit]
- minor bit of anecdotal evidence -- mudturtle, 11:39:17 11/14/09 Sat
An acquaintance just got back from Shanghai on Thursday. His essential point is that the people there have gotten extremely rude. The general air is that money is everything- low money, no stature whatsoever. He says it is a mania that infects just about everyone-the gambling fever is white hot.
[Edit]
- Tungsten "gold"...........Ft. Knox -- AZAU (), 11:32:46 11/14/09 Sat
Do the math,
Ft. Knox is purported to have 147000000 ounces of gold.
divide by 400 ounces per bar,
~375,500 bars.
How many tungsten blanks were reportedly shipped to Ft. Knox? 640,000.
So the remainder went where?
sold to china, etc and now in LBMA vaults Hong Kong and elsewhere?
hahahahahahahahahahahahaha!
Tungsten, and you thought is was only for light bulb filaments......The light comes on!
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[Edit]
- Winston's 9:59 Hendry link -- mudturtle, 11:32:40 11/14/09 Sat
The raving commodity bulls should read this for some balance. You all know what happens when commodity bubbles deflate.
+++++++++
Market prices for steel products in China are below the cost of production, etc.
[Edit]
- Ft Knox..............the tungsten deep storage site; very strategic to hide your tungsten... -- AZAU, 11:25:25 11/14/09 Sat
Rob Kirby at goldseek:
Roughly 15 years ago – during the Clinton Administration [think Robert Rubin, Sir Alan Greenspan and Lawrence Summers] – between 1.3 and 1.5 million 400 oz tungsten blanks were allegedly manufactured by a very high-end, sophisticated refiner in the USA [more than 16 Thousand metric tonnes]. Subsequently, 640,000 of these tungsten blanks received their gold plating and WERE shipped to Ft. Knox and remain there to this day. I know folks who have copies of the original shipping docs with dates and exact weights of “tungsten” bars shipped to Ft. Knox.
_______________________________
So, We have god's work and wolfram all safely stored in the vaults.
Alan Greedscam's deep storage after all.
"gold by any other name is still wolfram"
[Edit]
- Thanks, Kip -- Dabchyk, 11:21:28 11/14/09 Sat
Thanks, Kip. The USDX, of course, is a proprietary index for the dollar, owned as I recall by FINEX, which is a division of the NYBoT. The main drawback of the USDX, is I see it, is that it is an index unadjusted for the changes that continuously are happening in the trade weightings of the currencies that make it up. Therefore, I do not use it, but instead use the Bank of England's $TWI as a proxy for the FRB's Major Currencies $TWI. I started out in 1982 using the BoE $TWI because its weightings were approximately the same as the FRB Majors index and it was reported each day, whereas at the time I started with my index, the Fed only reported it monthly.
I keep an eye on the weightings, which the Fed adjusts every year or so, and they are still similar to the BoE weightings of 1990, with the exception of the Yen/Yuan combination. In 1990 the Fed's weightings for these two currencies were 27.0 / 2.9, whereas in 2009, 19 years later, they are 13.0 / 25.9. The BoE uses 30.3 for Japan and does not include China.
But that is still closer than the outrageously outdated Euro weights used by FINEX for its USDX. Hence the noticeable (even if somewhat unimportant) difference between your chart and mine.
I am thinking about going across to the Fed's index (which is now reported at least weekly), but before I can do so I will have to do some work to correlate it with the BoE $TWI, to ensure a smooth transition from one to the other.
Dabchyck
[Edit]
- Scramble to replace fake Wolfram bars....... -- AZAU, 11:17:38 11/14/09 Sat
India blocked their first line of defense, i.e., the sale of IMF gold to help the crooks out of their jamb.
I think someone else will block any further attempts to cover the rampant fraud that has occurred over the last ? years. Why did Germany demand their gold back?
perhaps ALL want to "scratch below the surface" of this central bankers ultimate scam.
Would you put it past them?
hell no. Fraud is their business model, forever and always.
Something for Nothing.
[Edit]
- Winston & tungsten -- Deepbreather, 10:48:49 11/14/09 Sat
Interesting point...and is GLD going to come under increasing scrutiny? I would love to see some activity out of GLD and into GDX or GDXJ. Then, maybe, the GLD ETF management would take some of the skepticism seriously and tighten up their prospectus. They need to. If the bankers are not leasing out the GLD gold I would wonder why...easy money.
[Edit]
- Gold ... priced in USDX currencies -- Kip, 10:45:41 11/14/09 Sat
[Edit]
- Current object of my desire -- Mikikis, 10:25:46 11/14/09 Sat
http://www.flickr.com/photos/tomd77/2300299451/sizes/l/
Not liking that JandM coins just upped the cost $22 without changing their bid at all....not nice....
Apmex looks significantly cheaper but I worry about shipping over a border.....
Still window shopping....and deciding whether or not the prices will come down early next week.....price already up around $450 CAD since I started looking :(
[Edit]
- -- -- Winston, 10:24:19 11/14/09 Sat
is there a scramble underway to replace those fake 400 oz tungsten bars??? I would really hate to be short gold in such a market.
[Edit]
- :-: -- Kip, 10:02:56 11/14/09 Sat
Dabchyk..... i thot this 'adjusted gold price' chart generated by stockcharts could be of interest ......its apparent structure seems not unlike your weekly.
(gold priced in a basket of currencies comprising the US Dollar (DX) Index, using the inverse US Dollar Index ETF FDPIX as the ratio denominator)
[Edit]
- Valuing gold independent of fiat currencies -- Dabchyk, 10:00:01 11/14/09 Sat
Dabchick Gold Index figures [London trade. ( Basis : Jan 1982 = 100 )] for the past week:-
High - 201.5 Low - 195.5 Close - 199.6 for the week ending 13 Nov 2009
To see the updated charts of the index, go here
http://www.sharelynx.com/chartstemp/Dabchick.php
and click on the "Weekly Chart" and/or "Monthly Chart" links...
NB The index is a ratio of the change in the Real Value of Gold relative to what it was in January 1982. The calculation has incorporated the real value of the USD's trade-weighted index (the inflation-adjusted $TWI). This enables the index to show the real changes in gold's value since 1982, regardless of fiat currencies, by discounting the unreal price-raising effects which governments can cause to the fiat price of anything by the debasement of their fiat currencies.
[Edit]
- -- -- Winston, 09:59:00 11/14/09 Sat
Deep Thoughts From Hugh Hendry
http://www.zerohedge.com/article/deep-thoughts-hugh-hendry-eclecticas-latest
[Edit]
- "shift out of gold related funds into the tiny platinum arena would be cosmic" -- johnny -- Carmack, 09:52:14 11/14/09 Sat
Which Platinums do you like in the current environment ?
[Edit]
- The pathetic scam of alternative energy........is even worse -- AZAU, 09:10:33 11/14/09 Sat
than the current oil scam.
Power companies use alternative energy as their chief revenue source without producing alternative energy.
Voila!
$$$ from the sun!
(this is why there is so little alt.energy in the USA; scams are much bigger than the real thing)
Power companies make money from pumping as much juice into your house or business as possible....not from saving power or fuel. Alt energy is just a window dress.
[Edit]
- royal flush -- 2bro2b, 09:01:18 11/14/09 Sat
Thomas Crapper resolved that issue in the 19th century.
Unfortunately the Plunger Protection Team has barricaded themselves in the water closet and won't come out.
[Edit]
- Job Hunting -- moonshot, 09:00:16 11/14/09 Sat
Goldman average pay for 30,000 staff is $700,000
Walmart average pay for 1,200,000 staff is $17,888
[Edit]
- @oil scam -- skys39, 08:55:27 11/14/09 Sat
its Just like the Ghold scam!
Round-trip” trades occur when one firm sells energy to another and then the second firm simultaneously sells the same amount of energy back to the first company at exactly the same price. No commodity ever changes hands. But when done on an exchange, these transactions send a price signal to the market...
[Edit]
- 2b........yes, toxic waste is that at which humanity excels.... -- AZAU, 08:52:52 11/14/09 Sat
nuclear, regular trash, CDO's, sewer, etc.
with supposedly no means to recycle or otherwise tend to its true disposition, waste accumulates in any system.
witness the near stasis in the banking systems.
Waste -- a way of life for humanity.
[Edit]
- US and nuclear energy -- 2bro2b, 08:39:44 11/14/09 Sat
The problem with things nuclear is the toxic waste generated which is around forever. Hiring all the nuclear physicist grads for quant work on wall street, instead of doing something useful like designing and engineering power plants, has left a mountain of indeciperable toxic waste in the form of CDO prospectuses the thickness of NYC phonebooks filled with greek-lettered formulae, more than can stored in Yucca Mtn. should it ever open. It was assumed that, comprehending string theory, they could surely handle a simple home mortgage but apparently fell victim to overthinking. It don't matter anyhow, kinda wasted _precious_ time, don't think twice its alright.
See the one with the mustache say jeeze
I can't find my knees.
http://goingconcern.com/2009/07/27/ben_old.jpg
[Edit]
- US and nuclear energy -- mugwump, 08:10:17 11/14/09 Sat
Only one new nuclear reactor (for peaceful purposes) has been built in the U.S. in the 30 years since Three-Mile Island. Yet as scary as the publicity surrounding that incident was, there were no deaths or injuries associated with it. In 1996, courts dismissed the 2,000 lawsuits that workers and people living around the plant had filed, saying “The parties have had nearly two decades to muster evidence in support of their claims and have not been able to do so.”
Meanwhile, the rest of the world has not been waiting for the U.S. to resume its leadership role. There are now 436 nuclear power plants operating around the world, with 14,000 ‘reactor years’ of safe operating experience, and 53 more under construction, of which only one is in the U.S., while 16 are in China, 9 in Russia, 6 in India, 6 in Korea, etc.
Already France gets 78% of its total electricity needs from nuclear power plants, Belgium 60%, Sweden 43%, Spain and Korea 36%, Germany, England, and Japan 28%. And all are adding new plants. The United States gets just 19% of its electricity from nuclear plants and has no interest in building more.
Meanwhile, the technology has come a long way. Several years ago Chinese nuclear engineers, in an experiment observed by scientists from around the world, tried their darndest to deliberately cause a disastrous failure. Among their stunts they cut off the critical flow of cooling water through the reactor, and then withdrew the fuel rods, a sure way to cause a meltdown. But the reactor simply shut itself down. Observers, including U.S. engineers from MIT, called the experiment dramatic and impressive.
[Edit]
- take a long air flight?? get fined in britain -- mugwump, 08:04:33 11/14/09 Sat
http://www.timesonline.co.uk/tol/news/environment/article6832964.ece
[Edit]
- sprott -- mugwump, 07:53:55 11/14/09 Sat
TGR: As you say here, we're trading around $1,100 as of this interview. What catalyst is going to come up? I clearly think that India stepping up to the plate, making that buy-frankly, I expected China to do it before India.
ES: If the Chinese come in now, we all have a story. I am sure they will, and/or somebody else will. It is not a lot of money-$6 billion or $7 billion is a drop in the bucket for the Chinese. That could happen. I have always believed there could end up being some problems in the physical market some day, regarding the settlement of contracts. We have these huge concentrated short positions in both the silver and gold on the Comex. There was a day when the price of gold went up $25; those shorts lost $1 billion dollars that day-serious dough now. So there could be things happening in the physical markets.
TGR: Speaking of physical markets, where are premiums on coins these days?
ES: On gold coins it's about 6.5% and around 20% above intrinsic on silver. Wafers and bars are obviously less. If all of a sudden there is a run in coins, those premiums can change pretty quickly. It does vary a lot. There have been times when the U.S. mint is on-again, off-again in terms of output. Regardless we have had significant interest in large quantities and we are lucky that we have always had a substantial inventory of particularly gold Maple Leafs. We probably have $50 million of them in inventory at all times, so we're not likely to run out. Besides, we have great supply sources, and we are constantly replenishing our inventory as we sell-regardless of how high the gold price is.
TGR: And considering your Sprott Money Ltd. enterprise, you're clearly a believer in holding the physical metal.
ES: I am. People should want to have their own physical gold and silver. A lot of them take certificates, but I certainly would never advise doing that.
[Edit]
- obama luster fading quickly -- mugwump, 07:47:32 11/14/09 Sat
http://online.wsj.com/article/SB10001424052748704402404574525543109875438.html
[Edit]
- Global Oil scam. -- Glyndwr, 07:42:35 11/14/09 Sat
http://seekingalpha.com/article/172797-the-global-oil-scam-50-times-bigger-than-madoff bbl
[Edit]
- RonP. - New Orleans Investment Conf. -- Glyndwr, 07:34:44 11/14/09 Sat
4Pts. 11/11 http://www.youtube.com/watch?v=ARZD_pRZ4Zs&feature=related
[Edit]
- Amazing cartoon. 'Freedom' -- Glyndwr, 07:28:57 11/14/09 Sat
1948 http://www.kingworldnews.com/kingworldnews/1948_Freedom_Video.html
[Edit]
- debt trap: of mice and men and movements of cheese -- 2bro2b, 07:21:35 11/14/09 Sat
Jefferson's Secretary of the Treasury, reduce the public debt to $45 million by 1811, and by 1835 the national debt had been fully repaid. Following the war with Mexico, the national debt rose again to $65 million, and it reached $2.7 billion, or about 30 per cent of national income, by the end of the Civil War. By the beginning of the First World War it had been reduced again to about 10 per cent of national income but rose again to 30 percent during that war, and to $260 billion, or about 120 percent in the course of the Second World War. It was reduced to below 40 per cent in the 1960s but had risen to over 60 per cent by 1982 and by the end of 2008, it had reached $10.3 trillion, or about 60 per cent of GDP. [15] and is expected to rise to 112 per cent of GDP in 2014[16].
Among the influences upon sovereign spread is the size of the national debt as a proportion of GDP. As that proportion rises, a point is eventually reached at which more money is required for debt repayment than the government can raise from taxation. At that point, the only alternative to a default is repayment with money created for the purpose by the central bank [22]. Money creation aside, default is the inevitable long-term outcome if national debt persistently grows as a percentage of GDP . That is known as the debt trap (which is further discussed in the article on fiscal policy).
Thus, even if debt has cost advantages over taxation as a means of financing government expenditure, perceived default risks arising from the debt trap impose a limit upon its employment. An additional limiting factor is the confidence of international investors in the probity of the issuing government, since they can raise the default risk by demanding compensating interest rate increases.
http://en.citizendium.org/wiki/National_debt
I knew that net government revenues from taxes for '09 versus '08 were pretty brutal, but I recently looked back to '07. In October'07 the U.S. government received net $150 billion in taxes. In '08 it was something like $133 billion and in '09 they got $110 billion. That's at least three years in a row of contraction in tax revenues.
-Sprott
~~~~~~~~~~~~~~~~~~~~~~~~~~
Such a development is highly costly. As Friedrich August von Hayek put it: "… the chief harm which inflation causes … [is] that it gives the whole structure of the economy a distorted, lopsided character which sooner or later makes a more extensive unemployment inevitable."[3] And: "Inflation at first merely produces conditions in which more people make profits (…). In order for inflation to retain its initial stimulating effect, it would have to continue at a rate always faster than expected."[4] It might therefore not take any wonder that central banks, in a desperate attempt to keep the economies going, try their best to increase money and credit supply further via record low interest rates.
Admittedly, the economic mainstream believes that a low interest rate policy is helpful for stimulating output and employment: lower borrowing costs are widely expected to translate into higher investment, job creation and, ultimately, growth. However, such an outcome is far from clear. In fact, a cheap monetary policy might not reach its goals but end up achieving quite the opposite of what it is intended to do.
What is often overlooked is that a low-yield environment reduces the economic incentive to adjust scarce resources to new circumstances. An artificially low interest rate can thus be expected to water down the need to bring about product and process innovations, a crucial ingredient for sustained growth. Low borrowing costs prevent the market exit of relatively inefficient suppliers, whereas it becomes harder for higher performers to gain market share, cementing inefficient market structures. Finally, there is a danger that a low interest rate policy encourages only low yield investment, which, should interest rates rise, would become unprofitable, causing a further business cycle crisis.
Rising indebtedness within the economy, coupled with disappointingly slow economic growth, could provoke public pressure on the central banks' low-rate policies. If central bankers do not see the need, nor have the courage, to pursue a pre-emptive policy – that is, raising rates towards more neutral levels before any crisis unfolds – the cheap money policies will remain in place, in the hope that an economic improvement or a rise in inflation provides adequate ammunition to embark upon a restrictive monetary policy. However, if central banks wait too long, there is a risk that the rise in indebtedness will seriously undermine the consensus for a stable money policy: a rising number of borrowers may hope to find relief as higher inflation devalues their real debt.
An "unwanted" debt trap is actually a result of a monetary policy which does not follow rules but bases its decisions on discretion. This is the Zeitgeist monetary policy that has been nurtured in the last decade: policy makers have increasingly focused their policy actions on immediate developments (cyclical swings), rather than seeking to preserve general conditions (maintaining long-term price stability). Under such a regime, sooner or later a central bank is likely to fall victim to its previous mistakes: the bank would be forced to adjust money supply to attune for the damage already done. One unwanted result of such enforced action would inevitably be a debt trap.
This situation can largely be attributed to policy makers' neglect of money and credit expansion factors, which influence prices in the medium- to long-term but not in the short run. The marked increase in indebtedness in the western industrialised countries, especially as a result of the major central banks' cheap money policy, should have convinced policy makers to change course already. However, it is worrying that central banks show no sign of returning to a more "normal rate policy", as evidenced by the still record low long-term (real) capital market yields. This might well be taken as an indication that markets could believe that central banks are already caught in a kind of debt trap.
http://mises.org/story/1771
All the world's a stage, the show must go on.
[Edit]
- "shift out of gold related funds into the tiny platinum arena would be cosmic" -- johnny, 06:54:16 11/14/09 Sat
.. to say the least
[Edit]
- I stumbled over David Bensimon's site about ten years ago -- Bizarro_Greenspan, 05:35:12 11/14/09 Sat
remember it clearly,he was the only guy wildly bullish on gold at that time,aside from all the usual suspects at the gold-beagle and the gang of fools at the Kitco forum.
But this guy seemed to have some credibility,and some pretty fancy long term charts to back up his stuff.
I likes the inflationary global growth theory,so does Bensimon,so off we all go,into the void.
[Edit]
- Delta,CRX/CCI ,commodity producers vs. stuff -- Bizarro_Greenspan, 05:22:37 11/14/09 Sat
http://stockcharts.com/h-sc/ui?s=$CRX:$CCI&p=W&yr=3&mn=0&dy=0&id=p66414371124
Been trapped under the ice for a while,this one rallies in the feb/march time frame.
Looks like a big cup and handle pattern,if Bensimon's inflationary global expansion theory takes hold,everyone and thier pet lizards will be piling into commodity producing stocks.
[Edit]
- Delta,thanks -- Bizarro_Greenspan, 05:08:31 11/14/09 Sat
For the great chart,bookmarked that one.
[Edit]
- BizGee .. -- Delta-au, 04:58:41 11/14/09 Sat
yer chart ..
http://stockcharts.com/h-sc/ui?s=$PLAT:$GOLD&p=W&yr=3&mn=0&dy=0&id=p13053517432
[Edit]
- Obama,"We do not seek to contain China" -- Bizarro_Greenspan, 04:50:03 11/14/09 Sat
Oh man,what a whopper,he thinks they can't read all this think tankian "contain the looming chinese threat" drivel that pours out of the usa every flippin minute?
[Edit]
- Plat/gold ratio -- Bizarro_Greenspan, 04:41:26 11/14/09 Sat
http://stockcharts.com/h-sc/ui?s=$PLAT:$GOLD&p=W&b=5&g=0&id=p89908016393
Rats,need the bigger chart format,in '07 and '08,the POP rallies against gold from Dec. to late spring to early summer.
However,this past year,the rally petered out early,peaked in early April and we've been bobbing in gold's wake since then.
As well,at 1.24,the ratio is far,far from the mean,which was closer to 2 for quite a while,although the 200w m/a is starting to droop a bit.
Those robust car sales from China don't hurt the cause much neither,of course,that whole China thing is big ol' yarn anyway.
[Edit]
- Sprott likes stocks... -- Iainmac, 03:43:58 11/14/09 Sat
ES: Early this year I began to move out of some of our physical gold and into mining stocks. There have been a plethora of mining stocks that had incredible value if you could buy into the companies' production forecasts and buy into the price of the metal at the time. When gold was $850, we could buy stocks that in two years' time would have been trading at two times cash flow. When we were buying them at $950, we could still do that. There were some phenomenal values and most in an agglomeration of names no one's ever heard of. Many of them are new with things just starting up. Of course, they had financing problems because of the decline in the market. But the opportunities were overwhelming. So we bought a lot of stocks of that nature.
http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=92835&sn=Detail
[Edit]
- James Bay chromite saga -- Bizarro_Greenspan, 03:07:51 11/14/09 Sat
NOT trying to flim-flam Freewest,trading us magic NOT beans for our 100 million tonnes of worthless chromite located in the bog ridden wilds of North Ontario.
They'll also toss in a couple of a coconuts and a tasty McRib sandwich for every 100,000 shares tendered.
So,meanwhile,the head guy at Freewest,everyone calls him Mac,(which gives this story a kind of Cuckoo's Nest flavour),well,he's NOT too happy with this plan,so...
he's negotiating with a secret party which everyone assumes is Cliffs,a bigtime NYSE company.
Could be a dark horse though,big South African producers are rumoured to sniffing around,we'll see.
They got until Dec. 1 to make a better offer than NOT's,after that,they loose their exclusive deal.
[Edit]
- Yo,johnny,thanks,you're not too shabby yourself -- Bizarro_Greenspan, 02:54:57 11/14/09 Sat
Big run in platinum today,got me pumped up.
I still think the bad money flu can jump pens and infect the platinum pit,with explosive results.
Been wrong so far about platinum since global crack-up went down,keep watching that platinum/gold ratio.
Platinum has all the moneyness of gold,plus it has all those other positive attributes that gold lacks,the market is missing this aspect,IMO.
A largish shift out of gold related funds into the tiny platinum arena would be cosmic,yes?
[Edit]
- Sandwich board geeks,mocked by trash talking dopes like RIP,it's a tough road when you're a peaker -- Bizarro_Greenspan, 02:41:30 11/14/09 Sat
http://www.energybulletin.net/node/50688
"It is very hard for the average person in the street to come to a sensible conclusion on peak oil. It’s a subject that prompts a passionate polarization of views. The peak oilists sometimes sound like those extraordinary Christians with sandwich boards proclaiming that the end of the world is nigh. In contrast, the the international economic establishment – including the International Energy Authority (IEA) – has one very clear purpose in mind at all times: don’t panic. Their mission seems to be focused on keeping jittery markets calm…
Faced with these options the majority of people shrug their shoulders in confusion and ignore the trickle of whistleblowers, industry insiders and careful analysts who have been warning of the imminent decline in oil for over a decade now.
Remember the Queen’s question – that uncannily accurate and strikingly obvious question she put to economists at the London School of Economics a year ago after the financial crisis: did no one see it coming? Apply that question to peak oil and the answer is that many people did see it coming but they were marginalized, bullied into silence and the evidence was buried in the small print."
[Edit]
- great "big fleshy remoras in some kind of kinky sea of misery" -- johnny, 02:29:34 11/14/09 Sat
dam you're good mr bizarro
you can really paint a word picture
[Edit]
- Semafo, mugwump -- Iainmac, 02:06:11 11/14/09 Sat
Now close to Yamana's 2008 low....
[Edit]
- Gore linkage,funny comments from the Brit peanut gallery -- Bizarro_Greenspan, 01:58:10 11/14/09 Sat
http://www.guardian.co.uk/world/2009/nov/02/al-gore-our-choice-environment-climate
[Edit]
- I rest my case -- Bizarro_Greenspan, 01:48:54 11/14/09 Sat
"Al's Gore's much-anticipated sequel to An Inconvenent Truth is published today, with an admission that facts alone will not persuade Americans to act on global warming and that appealing to their spiritual side is the way forward.
In his latest book, Our Choice: A Plan to Solve the Climate Crisis, the man who won a Nobel prize in 2007 for his touring slideshow on disappearing polar ice and other consequences of climate change, concludes: "Simply laying out the facts won't work."
Instead, Gore tells Newsweek magazine in a pre-publication interview, that he has been adapting his fact-based message - now put out by hundreds of volunteers - to appeal to those who believe there is a moral or religious duty to protect the planet.
"I've done a Christian [-based] training program; I have a Muslim training program and a Jewish training program coming up, also a Hindu program coming up. I trained 200 Christian ministers and lay leaders here in Nashville in a version of the slide show that is filled with scriptural references. It's probably my favourite version, but I don't use it very often because it can come off as proselytising," Gore tells Newsweek...
[Edit]
- Peak gold blurb at the oildrum,don't forget the indium either -- Bizarro_Greenspan, 01:39:22 11/14/09 Sat
http://www.theoildrum.com/node/5960#more
"So, as the oil industry starts its travels down a similar path past peak and into decline, there are a couple of thoughts I would offer.
Firstly it could be pointed out that the gold industry has been able to see the declining production and lack of available prospects for some time. But it is only now, some 9 – 10 years after the decline started, that the industry is publically recognizing the problem.
Secondly one might ask whether there should not be an agency of the government that can independently warn the government and the nation of this before it happens, so that either better mining methods, access to restricted reserves, or the development of alternate materials could be hastened. Well actually there was--it was called the U.S. Bureau of Mines, and all those tasks were in its charter. But the mining community is a small one, and has not nearly the clout or popularity in Washington that it is thought to have. Thus, in 1996 the agency was closed.
Thirdly, even though the story is out there it is unlikely, for a while, to get much media attention, and the vast majority of the world’s population will not either know of the predicament that is now approaching, nor understand why it is going to be something that will impact many aspects of their lives. Until, of course, it does.
And of course gold is only a pre-cursor of other minerals that will soon run short. Few folk realize the role that metals and minerals play in providing their lifestyle, and do not recognize that the value of many metals comes, in part, because there is nothing that can substitute as well for that particular metal in doing a particular job. Unfortunately, doing something about it requires vision for an industry that is not favorably viewed by much of the population. It will be interesting to see if that perception changes, or if the industry becomes the target of blame as shortages lead to even further cost increases.
And then, of course, will come oil . . . . ."
[Edit]
- How to set up a TV on Video -- Snowbird, 01:28:06 11/14/09 Sat
http://news.bbc.co.uk/2/hi/programmes/click_online/8358729.stm
[Edit]
- Here's a good rant from waveman -- Bizarro_Greenspan, 01:14:24 11/14/09 Sat
"The dollar is declining by the day. We see this in the price of gold, exceeding $1100 per ounce today and the rise of the Euro. Criminal elite have hijacked the American government. We see this at the revolving door between Wall Street and Big Government—bailouts for high rollers, supposedly too big to fail. We see this in American tacit support for the genocide of Palestinians—bad, bad karma, the tragedies of the wars and occupations of Iraq and Afghanistan and in the inanity of the main streams—radio, television, you tube, print, whatever. America’s economy is going the way of the Weimar republic. Framing any discussion of the future of American energy in terms of the old United States appears to me like playing baseball with a hockey puck, or going to a professional wrestling spectacle to hear Handel’s Messiah. Any energy or industrial policy coming out of Washington is a table scrap thrown by the Criminal Complex. Soooo . . . is there a Ghandi in the house?"
[Edit]
- blah,blah,blah... -- Bizarro_Greenspan, 01:01:19 11/14/09 Sat
"The report calls for a warlike mentality to combat climate change, arguing that it needs much tougher tactics and a new enhanced government department to meet the challenge."
[Edit]
- BizGee .. -- Delta-au, 01:01:04 11/14/09 Sat
agree 1 & 2 ..
but third item Global Warming thingie is an entirely different beast ..
Extra Taxes .. Extra Middle-Man Cuts for GooSacks .. etc
and I wanna get my slice of that pie too ..
.. anyway .. bbl ..
[Edit]
- Reminds me of the late, great Kurt Vonnegut's Slapstick -- Iainmac, 01:00:51 11/14/09 Sat
Or Lonesome No More
http://www.scribd.com/doc/4093571/Kurt-Vonnegut-Slapstick-or-Lonesome-No-More
...the Chinese, on the other side of the world from the lonely, destructive Americans, have succeeded in miniaturizing themselves, to the size first of dwarfs, then of dolls and elves, and finally of germs; the plague, called the Green Death, it turns out “was caused by microscopic Chinese, who were peace-loving and meant no one any harm. They were nonetheless invariably fatal to normal-sized human beings when inhaled or ingested.” This last reductio is a bit much, but a radical divergence of the Chinese from our own brand of Homo sapiens sounds right; we laugh in recognition when the Chinese ambassador, sixty centimetres tall, severs diplomatic relations “simply because there was no longer anything going on in the United States which was of any interest to the Chinese at all.” China is another planet, Vonnegut has discovered.
http://www.newyorker.com/archive/1976/10/25/1976_10_25_182_TNY_CARDS_000106272
[Edit]
- When I was a kid,we learned about the greenhouse effect in school -- Bizarro_Greenspan, 00:50:31 11/14/09 Sat
My old man taught me about natural limits of global oil production.
I remember thinking that one's a conceptual problem,and one is a real problem.
So look at which program they're running now,forty something years later,they can't deal with facts,they'd rather deal in concepts.
An inconvenient truth.
[Edit]
- siempre33 -- Hambone, 00:49:20 11/14/09 Sat
I know. Watched the game. They played well. So did Cincy.
That one touchdown awarded on replay? That's the way it goes.
[Edit]
- Troubles with flow -- Bizarro_Greenspan, 00:37:06 11/14/09 Sat
The US central planning dickweeds were well aware of this in the '90's;GWoT is the solution to their flow problem,global warming is a sideshow tent to make everything touchy-feely.
[Edit]
- Where's dan? Chinese takeover, Flu World Ofder -- moonshot, 00:33:18 11/14/09 Sat
notes from Deagle audio Nov 13 http://podcast.gcnlive.com/podcast/nutri_med/1113091.mp3
Per Steve Quayle, On Nov 11 (11-11) Chinese signed arrest warrants for 161 U.S. officials including Bush Sr, Bush Jr, Clinton, a few supreme court justices.
Executing lien on U.S. Treasury assets globally, calling in gold at $45/oz plus compounded interest
U.S. operated, Russian built tankers forced down in Nigeria and Pakistan linked to Baxter.
Ukraine population centers crop duster aerial spraying conducted on October 29, 2009 and October 31, 2009
1.2 million infected with new disease by Nov 13, WHO wont release the genetic sequences of new disease.
WHO stonewalling the world saying nothing is different in Ukraine than the rest of the world.
Project 4 Billion infected, 200-400 million deaths in next few months if it doesn't mutate and no more black swans
Airborne plague is the ONE AND ONLY way to chip the entire world
Deagle likes silver more than gold but says neither will be of much value soon
more goodies from http://labvirus.wordpress.com/
“Suspicious aircraft were forced to land. A US operated (Russian-made long-range heavy transport) AN-124 changed its call sign from civilian to military which then triggered a response from the IAF (Indian Air Force) upon entering Pakistani air space (forcing) the plane to land in Mumbai while (a) second one was forced down by Nigerian fighter jets that also arrested the crew.”
“According to reports, China’s People’s Liberation Army Air Force contacted the Indian and Nigerian intelligence officials about the presence of these US operated Ukrainian aircraft amidst growing concern that the United States was spreading ‘biological agents’ in the Earth’s atmosphere, which some Chinese officials believed to be an attempt to (commit) mass genocide via the spread of H1N1 swine flu.”
These aircraft “were carrying ‘waste disposal’ systems that could spray up to 45,000kg (nearly 100,000 pounds) of aerial type mist from sophisticated….nano pipes” in the planes’ wings – called chemtrails.
bbml
[Edit]
- huhh? -- Delta-au, 00:31:39 11/14/09 Sat
i think maybe yer not readin' me correctly there biz Gee ..
which is ok .. cos i'm not too clear on yer mssg either .. lol
no matter .. let's move on ..
..
[Edit]
- So green energy is classic misallocation of capital,eh,Bizarro? -- Bizarro_Greenspan, 00:31:33 11/14/09 Sat
You betcha,a classic like the Edsel,but hey,you can shovel money off the FedGoo turnip truck to all your special friends and all the green bumpkins cheer your every carbon sequestering move.
[Edit]
- mozellus -- Bizarro_Greenspan, 00:26:56 11/14/09 Sat
It matters not where the oil lurketh,it's the flow that runs the show.
[Edit]
- An inconvenient truth -- Bizarro_Greenspan (), 00:23:48 11/14/09 Sat
Is how feckin' puny the green energy segment is in terms of overall energy supply,one tiny sliver in a gigantic hydrocarbon pie.
Leading edge green energy investments poised for exponential growth,whizz bang,show's over folks.
Last edited by author: Sat November 14, 2009 00:24:26
Edited 1 time.
[Edit]
- Gawf headliner overnight .. -- Delta-au (), 00:23:04 11/14/09 Sat
"Futile to try to catch Tigger @ 3 shot lead after two days" ..
Well, on Day 3 he's now fourth ..
and on the 10th @ the shortish [6350m] Kingston Heath Course ..
Tigger looking VERY tense .. battling with hisself ..
LeaderBoard is
-11 Chandler
-10 Nitties & Dufner
-9 Woods
-8 Percy & Appleby
--------------------------------------
Kingston Heath Golf Club is one of Australia's best golf
courses. Ranked as the number two course in Australia and
the 27th best course in the world, Kingston Heath enjoys an
enviable reputation for its superb conditioning all year round.
The 18 holes were built on only 50 hectares (most courses
in the modern era are built on over 100 hectares), it is
perfectly manicured and its bunkering and clever use of
dips and hollows visually fools the non observant golfer.
If you wildly deviate from the fairway, the rough
(comprising long grass, tea tree and sandy scrapes) will
test your ability to get the ball back into play.
The 14th hole is a longish par 5 which, depending on the
wind direction, can tempt the golfer into reaching the
green for 2. One golfer, Roger Mackay, did better than that
in a tournament at the Heath when he holed his second shot
for an albatross.
The three par 3 holes are a feature of Kingston Heath and
show off one fantastic feature of this great golf course -
the classic, natural bunkering. The fifteenth hole, in
particular, is a real test ( not necessarily needed towards
the end of your round).
An uphill par 3 of moderate length, the path to the hole is
surrounded by a myriad of bunkers (some of them very deep)
all waiting to swallow the errant tee shot. If you reach
the putting surface par is still not guaranteed as the
undulating green gives up more 3 putts than 1 putts.
The remaining finishing holes are long par 4's and can ruin
an otherwise good score. The 16th is known in golfing
circles as the hole where Greg Norman took a 9 on his way
to losing a tournament at Kingston Heath in the 1990's.
Norman carved his tee shot into the right hand tea tree and
it was all downhill from there.
..
Course Tour ..
http://www.kingstonheath.com.au/guests/course/hole1.mhtml
..
Last edited by author: Sat November 14, 2009 00:23:38
Edited 1 time.
[Edit]
- Well,Delta -- Bizarro_Greenspan, 00:17:21 11/14/09 Sat
You can run a climate change sales promo concurrent with the GWoT sales promo but you cannot credibly run a peak oil sales promo while your GWoT runs amok in the oil heartlands of the planet.
Now,RIP,the FedGoo is chief underwriter/enabler of both the GWoT and the climate change sales promos,but it would seem unlikely they would be behind the peak oil scam.
So who is?
[Edit]
- is SPX a Dbl Top ? -- Delta-au, 00:05:23 11/14/09 Sat
very possible ..
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&b=5&g=0&id=p68073408102
[Edit]
- BUFFORD :: NEPH -- siempre33, 00:02:22 11/14/09 Sat
I bought a very small starter position, which is
what I ALWAYS do with a co. in an unfamiliar field...
[not pms]
the chart tells the story....this one may take some patience....so you think it's a buy @ .75?
[Edit]
- Hambone -- siempre33, 23:51:51 11/13/09 Fri
your Mountaineers almost pulled of an upset, but not quite...
http://www.voy.com/64855/1254436988.html
[Edit]
- Plimer on Global Warming .. -- Delta-au, 23:50:05 11/13/09 Fri
Prof Plimer said the world has experienced three periods of
cooling since 1850 and furthermore carbon dioxide was
increasing during many of those cooler periods.
"If we had only had warming, then there would be a connect
between co2 and temperature, there is not," he added.
Prof Plimer has come under attack as a "denialist poster
boy" whose theories are in danger of stopping the world
from tackling the grave dangers of climate change.
But he said the scientists "frightening people witless by
following the party line" are motivated by politics and
research funding.
"They are taking advantage of the current situation. That
is understandable. In previous times people got wonderful
research grants in a war against cancer and they achieved
a lot of money for that. Now we have a war on climate
change and we have a huge number of people out there who
have their career staked on it and are beneficiaries of
this process."
http://www.telegraph.co.uk/earth/earthnews/6553592/Climate-change-sceptic-Ian-Plimer-argues-CO2-is-not-causing-global-warming.html
-----
Footnote - the "Global Warming" label has morphed into "Climate change" .. wonder why?
(rhetorically)..
[Edit]
- Crud One .. -- Delta-au, 23:46:45 11/13/09 Fri
Look,that signpost up ahead,it's the Peak Oil Zone,save us Uncle RIPpy -- Bizarro_Greenspan, 22:49:14 11/13/09 Fri
"Now the "peak oil" theory is gaining support at the heart
of the global energy establishment. "The IEA in 2005 was
predicting oil supplies could rise as high as 120m barrels
a day by 2030
--------------------------------------------
Well there is still some surplus supply but it's mostly the
wrong brand .. sour crude .. not the sweet stuff ..
Kinda like an oversupply of crunchy Pea-Nut Butter ..
when ya old n gummy - ya can only eat smoothie PNB ..
--------------------------------------------
.
[Edit]
- Siempre33.....Russo still holding NEPH sez FDA -- BUFFORD, 23:38:33 11/13/09 Fri
approval on dialysis filters close............I'm waiting
75 cent region
http://stockcharts.com/h-sc/ui?s=neph&p=D&yr=0&mn=9&dy=0&id=p53149827765
[Edit]
- Micheal O'Higgins (of beat the dow with bonds fame) -- BUFFORD (), 23:33:36 11/13/09 Fri
http://www.pbs.org/nbr/site/research/learnmore/michael_ohiggins_video_091113/
O'higgons sez
Marketway overdue for a correction should correct 14-15%
Sold his GDX & SLV
long GLD feels gold shares will get hammered in a mmarket correction
presently long GLD........short the market with SH
===========================================================I exited 2/3 of my PM positions today..........
Last edited by author: Fri November 13, 2009 23:34:53
Edited 1 time.
[Edit]
- ANC cant read numbers -- johnny, 23:33:22 11/13/09 Fri
http://www.politicsweb.co.za/politicsweb/view/politicsweb/en/page71619?oid=150871&sn=Detail
nobody's perfect
[Edit]
- GV -- siempre33, 23:33:11 11/13/09 Fri
Heaviest Element Yet Known to Science: (Gv)
Lawrence Livermore Laboratories has discovered the heaviest element yet known to science.
The new element, Governmentium (Gv), has one neutron, 25 assistant neutrons, 88 deputy neutrons, and 198 assistant deputy neutrons, giving it an atomic mass of 312.
These 312 particles are held together by forces called morons, which are surrounded by vast quantities of lepton-like particles called peons.
Since Governmentium has no electrons, it is inert; however, it can be detected, because it impedes every reaction with which it comes into contact. A tiny amount of Governmentium can cause a reaction that would normally take less than a second, to take from 4 days to 4 years to complete.
Governmentium has a normal half-life of 2 – 6 years. It does not decay, but instead undergoes a reorganization in which a portion of the assistant neutrons and deputy neutrons exchange places.
In fact, Governmentium’s mass will actually increase over time, since each reorganization will cause more morons to become neutrons, forming isodopes.
This characteristic of morons promotion leads some scientists to believe that Governmentium is formed whenever morons reach a critical concentration. This hypothetical quantity is referred to as critical morass.
When catalyzed with money, Governmentium becomes Administratium, an element that radiates just as much energy as Governmentium since it has half as many peons but twice as many morons.
[Edit]
- US debt will bust through 12trillion frn's sometime tonite or tomorrow. -- AZAU (), 22:57:35 11/13/09 Fri
Don't be afraid of the Lawnmower Blade!
hahahahahahahahahahahahahahahahahaha!
Last edited by author: Fri November 13, 2009 22:58:33
Edited 1 time.
[Edit]
- Fact is all those derivatives contracted in US dollars are part of whirled trade ... -- mozel, 22:58:15 11/13/09 Fri
they dwarf the physical economy.
[Edit]
- Natural gas can substitute for oil in all terrestrial transportation uses ... -- mozel, 22:54:30 11/13/09 Fri
beep beep
outa mah way
yours truly
toad
Oil has not peaked ... what portion of all is under the unexplored oceans ? 2/3 rds ? And it's not fossil, either.
[Edit]
- Oh, Bummer! talking shit again.......... -- AZAU, 22:49:47 11/13/09 Fri
"I want every American to know that we have a stake in the future of this region, because what happens here has a direct effect on our lives at home," Obama said. "The fortunes of America and the Asia Pacific have become more closely linked than ever before."
[they are our creditors]
Obama also sounded free-trade notes sure to be welcome in Asia, where nations are rapidly seeking agreements with each other even as the U.S. hangs back on new free-trade pacts. His promises on trade, however, lacked the specifics or new announcements that many here would have preferred to hear.
[They are "cleaning our clock" trade wise, with massive trade imbalances, since we have nothing to sell]
On China, Obama called for harnessing China's clout to make progress on shared interests like weapons proliferation, a more solid global economy and climate agreements.
"In an interconnected world, power does not need to be a zero-sum game, and nations need not fear the success of another," he said.
[we are scared shitless of china owning US]
He also said the United States "will never waver in speaking up for the fundamental values that we hold dear." And yet, clearly hoping to avoid overly irritating Beijing, Obama named none of the many and serious specific human rights concerns with respect to China, including Tibet, where authorities have suppressed religious freedom and national aspirations.
[we are scared shitless to rile china in any way, since they hold the first mortgage on america now]
[Edit]
- Look,that signpost up ahead,it's the Peak Oil Zone,save us Uncle RIPpy -- Bizarro_Greenspan, 22:49:14 11/13/09 Fri
"Now the "peak oil" theory is gaining support at the heart of the global energy establishment. "The IEA in 2005 was predicting oil supplies could rise as high as 120m barrels a day by 2030 although it was forced to reduce this gradually to 116m and then 105m last year," said the IEA source, who was unwilling to be identified for fear of reprisals inside the industry. "The 120m figure always was nonsense but even today's number is much higher than can be justified and the IEA knows this.
"Many inside the organisation believe that maintaining oil supplies at even 90m to 95m barrels a day would be impossible but there are fears that panic could spread on the financial markets if the figures were brought down further. And the Americans fear the end of oil supremacy because it would threaten their power over access to oil resources," he added.
A second senior IEA source, who has now left but was also unwilling to give his name, said a key rule at the organisation was that it was "imperative not to anger the Americans" but the fact was that there was not as much oil in the world as had been admitted. "We have [already] entered the 'peak oil' zone. I think that the situation is really bad," he added."
[Edit]
- Gold is the manipulator's wet dream ... never rots, rusts, or otherwise degrades ... -- mozel, 22:45:32 11/13/09 Fri
also useful for bribing females and males who are influenced by shine or who want to bribe a female ...
[Edit]
- junior samples -- Bizarro_Greenspan, 22:44:28 11/13/09 Fri
i wish junior was here to see all this.
[Edit]
-
Jasper -- Gila_Bob (), 22:38:12 11/13/09 Fri
Friend:
About the Personal Tragedy I can offer no advice.
My Mom CHOSE to die at a Far Remove.
Inexplicable in my opinion.
But as we get older we all make our Choices.
Anyway, on the Investment Front you should listen to this:
http://www.howestreet.com/index.php?pl=/goldradio/index.php/mediaplayer/1470
It's the Skarica Interview. Pay Particular Attention to the 1st Chart. FocU$ on it.
Good Luck,
Big Bob
Last edited by author: Fri November 13, 2009 22:39:23
Edited 1 time.
[Edit]
- The gold gets around -- Bizarro_Greenspan, 22:38:17 11/13/09 Fri
when the dollar starts making pet sounds,the vibrations are good,we'll soon be getting rubber in all four gears.
[Edit]
- . -- moonshot, 22:37:52 11/13/09 Fri
[Edit]
- delete -- Jasper (), 22:24:23 11/13/09 Fri
Last edited by author: Fri November 13, 2009 22:30:22
Edited 1 time.
[Edit]
- jasper.....well said..........but that sense of longing to wander -- AZAU, 22:30:21 11/13/09 Fri
as many humans do, the sense that the grass is always greener over yonder hill....is why the earth is now hot, flat and crowded---and running out of resources.
[Edit]
- The Vet -- Bizarro_Greenspan, 22:30:21 11/13/09 Fri
Oui,oui,we go round and round and round in the dollar game.
[Edit]
- that's the kind of thinking -- Bizarro_Greenspan, 22:27:15 11/13/09 Fri
You get from the hired help around here.
They're busy looking around for old-style Canajuns to fight their epic battles of the future.They're hoping to mold the new immigrants into fighting for the value projecting scam,by edjimikating them in Canada's glorious military history when we fought valiantly for bankers in far off lands.
These NCs are serious wankers,they must be removed from the stage with pitchforks forthwith.
[Edit]
- @useless fiat. -- skys39, 22:24:17 11/13/09 Fri
ahhh... but for fire starter, its better than the yellow rock.
[Edit]
- just look at the old money out there for sale..which is worth more? -- Nuclearson, 22:23:31 11/13/09 Fri
the paper pieces or the metals?
[Edit]
- learn to garden, if you have some land, water... -- AZAU, 22:23:27 11/13/09 Fri
Deficit doubles for government pension insurer
Government pension insurer's deficit doubles, could eventually require taxpayer bailout
* By Daniel Wagner, AP Business Writer
* On 4:39 pm EST, Friday November 13, 2009
WASHINGTON (AP) -- The government-chartered company that insures the pensions of one in seven Americans said Friday that its deficit this year nearly doubled to $22 billion.
That's an improvement over the Pension Benefit Guaranty Corp.'s midyear record deficit of $33.5 billion, which spiked as auto makers and other companies faltered and caused the insurance fund's liabilities to spike.
Yet experts and officials say the long-term picture is grim. They say that without major changes, such as higher insurance premiums and less risky investments, the fund eventually will require a taxpayer bailout.
"We could face much higher deficits in the future," PBGC acting director Vincent Snowbarger said in a statement. "We won't fail to meet our obligations to retirees, but ultimately we will need a long-term solution."
The PBGC's finances this year have been battered by the weak economy, which put it on the hook for 144 new pension plans that failed during the year ended Sept. 30. That compares with 67 in the previous year.
Low interest rates added to the sea of red ink, because the PBGC can't count on inflation driving down the value of future payouts. It also faced losses on stock investments made by investment advisers and by the pension funds it's taken over -- though the recent market rally has helped the corporation net an investment return of 13.2 percent for the year.
These fluctuations can hide the fundamental problems with the pension insurance system, said Bradley Belt, a former PBGC executive director and now CEO of the financial consulting firm Palisades Capital Advisors LLC.
"People focus too much on what the number is," Belt said. "A lot of what's going on is bookkeeping or accounting that mask, unfortunately, the long-term problem."
The PBGC is responsible for the benefits of 1.5 million Americans. It sends checks each month to 740,000 pensioners. It is funded entirely by fees on the companies whose pensions it insures.
But Congress sets those fees, and it's been reluctant to raise them in the face of opposition from business and labor groups. Because the fund isn't expected to run out for a decade or more, there is little impetus to raise rates.
Indeed, some lawmakers have introduced legislation that experts say could further expand the PBGC's deficit. A bill introduced last month by Rep. Earl Pomeroy, D-N.D., and others would allow employers to reduce contributions to pension funds.
The bill is intended to reduce companies' costs so they can withstand the recession and support an economic recovery. But it also could force the PBGC to take over some liabilities from plans that cover multiple employers. Under the current system, those costs are covered by the remaining companies if one partner in a pension plan goes bankrupt.
That's especially troubling, experts said, because the PBGC has only about $1.46 billion of assets available to cover multi-employer plans -- meaning insolvency in that area could come much sooner.
Pomeroy's office did not respond to requests for comment.
Congress' reluctance to increase costs to employers has led to growing shortfalls. The PBGC has been in the red for 29 of its 35 years of operation. The fund still has plenty of money to operate now. But unless pension funds adopt less risky investment strategies or Congress raises insurance premiums, it eventually will run out of money to pay the pensioners it supports.
That would force Congress to choose between bailing out the fund and depriving more than a million people, many of them elderly, of a key income source. Experts say an eventual bailout is almost inevitable.
"The only loser in all this is the taxpayer," said Douglas Elliott, a fellow at the Brookings Institution who has studied pension insurance for years.
The PBGC employs outside advisers to carry out an investment strategy set by its board, which includes the secretaries of Labor, Commerce and the Treasury.
Earlier this year, a PBGC inspector general report alleged that former director Charles Millard had improper contacts with several Wall Street firms that were up for multimillion-dollar contracts to manage PBGC assets.
Millard invoked the Fifth Amendment when asked about allegations by a Senate panel in May.
___________________________________________
Fifth amendment? what about the first through fourth?
[Edit]
- all them dollars chasing gold -- Bizarro_Greenspan, -- The_Vet, 22:21:32 11/13/09 Fri
Those dollars, exchanged for gold do not vanish.. They simply move from the new owners to the previous owners of the gold.... what do they do with them now?
[Edit]
- canada big on military -- Bizarro_Greenspan, 22:19:48 11/13/09 Fri
so we can project our values to people lacking in essential freedoms in central asia,some may get shredded,but that's ok,because we come in peace
[Edit]
- Stuck on a desert island, ...........gold is never useless... -- AZAU, 22:17:13 11/13/09 Fri
but you would be in even worse shape if you had a wad of frns. Why is it that gold is always portrayed as useless, but not the even more useless fiat.
Please children, keep the apples and oranges sorted.
[Edit]
- stuck on a desert island with useless gold -- Bizarro_Greenspan, 22:10:07 11/13/09 Fri
Would you trade it for a couple of coconuts,or perhaps a McRib?
[Edit]
- fascist oligarchs and sturdy lampposts....... -- AZAU, 22:06:31 11/13/09 Fri
what do they have in common?
pendulums, or is it pendula?
[Edit]
- the other 5% -- Bizarro_Greenspan, 22:05:07 11/13/09 Fri
That's like the productive part of the US economy,once you take away the world domination hegemony machine,that's one scary figure.
Some stuff is worth fighting for,sportsfans.
[Edit]
- Jefferson county, Ala..............JP Morgan Chase -- AZAU, 22:01:07 11/13/09 Fri
more of "god's work", no doubt.
[Edit]
- the other 5 % -- Bizarro_Greenspan, 21:58:53 11/13/09 Fri
That's like the dumpster divers and the truly free men.
[Edit]
- Delta-au..........Peak Gold....................... -- AZAU, 21:58:31 11/13/09 Fri
That would have been back at the time of Bre-X.
We shall never reach Peak Scam.
India Knows.....
China Too........
[Edit]
- Okay, okay, okay, I gots stupid covered -- Jasper, 21:57:46 11/13/09 Fri
[Edit]
- ya,50% are hooked right up to the spigots -- Bizarro_Greenspan, 21:57:08 11/13/09 Fri
The other 45% lives off of that,like great big fleshy remoras in some kind of kinky sea of misery.
[Edit]
- Cool, it's the weekend. Let's get stupid n' nasty -- Jasper, 21:56:32 11/13/09 Fri
[Edit]
- Jefferson co. Alabama ain't gettin' no jury trial -- Jasper, 21:53:28 11/13/09 Fri
Some shyster lawyer/judge gonna be king ruler.
[Edit]
- gold bubble not bad for usa -- Bizarro_Greenspan, 21:50:18 11/13/09 Fri
contrary to what squeaky murphy has to say,
for if there was a rush for yellow,
the euroweenies would be the unlucky fellows,
the usa comes out smelling like a rose,
it was the deep storage gold,don't you knows.
[Edit]
- I plan on not ever selling -- Nuclearson, 21:45:13 11/13/09 Fri
[Edit]
- economic bounce -- Miniminer, 21:44:50 11/13/09 Fri
Yeah, I can feel the rebound and see it in the stores a bit.....the folks may buy a bit more stuff this christmas if only to take a break from paying down debts...like a 'comfort food' attitude.
Remember that 85% ARE employed.
[Edit]
- Are Joeb and Rip the same person having an identity crisis -- Jasper, 21:40:28 11/13/09 Fri
[Edit]
- Them Indians running a big scam -- Bizarro_Greenspan, 21:40:02 11/13/09 Fri
It's not all hooka pipes and cow cuddling going on over there,they want to be serious actors on the orbital stage.
[Edit]
- American public losing everything to fascist oligarchs -- Bizarro_Greenspan, 21:36:25 11/13/09 Fri
Everybody gotta go sometime.
[Edit]
- all them dollars chasing gold -- Bizarro_Greenspan, 21:33:50 11/13/09 Fri
Will enrich the sub-continent,holy moly,there's like a billion gold owners clutching their useless yellow trinkits close to their bosums.
Suddenly,they all got big PPs,that's right,purchasing power,will they sell their gold now?
[Edit]
- So is a raging gold bubble bad for the overall orb-shaped economy in general? -- Earl, 21:30:09 11/13/09 Fri
Each unit will have to see to its own affairs.
[Edit]
- Video: Gerald Celente – American public losing everything to fascist oligarchs -- skys39, 21:27:21 11/13/09 Fri
http://dprogram.net/2009/11/13/video-financial-expert-gerald-celente-american-public-losing-everything-to-fascist-oligarchs/
[Edit]
- well,the cat's outta the bag,so to speak -- Bizarro_Greenspan, 21:26:09 11/13/09 Fri
So is a raging gold bubble bad for the overall orb-shaped economy in general?
Smart people want to know.
[Edit]
- I like it when people who think they're real smart -- Bizarro_Greenspan, 21:22:06 11/13/09 Fri
Start pondering the asburdity of gold and why it's "worth" so much of their precious money,it's frightfully funny stuff.
[Edit]
- Everybody loaded up with farms,hogs,guns,bags of grain,firearms,ammo -- Bizarro_Greenspan, 21:16:44 11/13/09 Fri
Yeppers,that's a problem,right you are sir.
[Edit]
- @21:13 -- RIP, 21:16:34 11/13/09 Fri
That's the old BG.
[Edit]
- 3 more down the tewbs -- skys39, 21:13:32 11/13/09 Fri
http://www.fdic.gov/bank/individual/failed/banklist.html
[Edit]
- All these folks getting worked up about India's antics -- Bizarro_Greenspan, 21:13:29 11/13/09 Fri
Them people are in deep with the NCs,that's right the NCs,so their state poobahs is buying a bunch of imaginary gold that does not exist anymore anyway.
Just more patsies on the patsy assembly line,sez I,clap your hands as the patsies go by.
[Edit]
- Bizarro -- RIP, 21:11:18 11/13/09 Fri
Have you been reincarnated as Skinee?
[Edit]
- They're talking peak gold over at the oildrum,here's oldfarmermac's thoughts -- Bizarro_Greenspan, 21:07:44 11/13/09 Fri
"Even out here out on the farm I can't expect to store enough of anything-not even firewood -to last thru old age.At some point I need something compact, non perishable, and easy to store that I can acquire by exchanging whatever I have in excess TODAY which I can exchange LATER for food, electricity,and taxes when I am no longer able to work.
Barter is not a very good option except in a village level society and hopefully we won't sink that far.
And people who have money to lend or who wish to borrow need a non counterfietable, non inflatable currency in order to make more rational decisions; otherwise they must guess at the effects of "common man's inflation". (By this I mean the man on the street uses a different definition than bankers and economists.
My personal guess is that while gold is intrinsically worthless except for a few industrial applications such as the very finest quality electrical contacts it has such a hold on the imagination that it will be extremely valuable in the event of a collapse.
But if by some miracle the economy stabilizes people will get tired of holding it because it pays no interest and the price will probably collapse to maybe half of whatever the historical high has been.
Personally I think that many other goods are currently better investments as long term stores of value.
A good many of my acquaintances are of the opinion that a well chosen tool collection, a small tract of farmland, a masonry house with a metal roof and a chimney, and firearms are better investment bets in terms of concrete goods
But none of them are opposed to holding a little gold either-on the principle that someone who has something you may want to buy may be overloaded with guns, tools and firearms.Houses and farm land are extremely illiquid and may be nearly worthless in a situation where you really need to sell-nobody may have anything with which to pay for them.
Nobody has ever had enough gold to flood even a local market so far as I know.
But on a desert island a man with a pound of gold would gladly trade it for a bushel of wheat if there is nothing else on the island edible."
[Edit]
- anybody have any promo codes for APMEX? -- Nuclearson, 21:05:47 11/13/09 Fri
[Edit]
- Just how -- Carmack, 21:05:11 11/13/09 Fri
lite in the loafers is Miss Gelda ? - Discuss!
[Edit]
- Is our PE aware of technology that will prevent NG from ever seeing $15? -- RIP, 20:59:06 11/13/09 Fri
Discuss.
[Edit]
- @Why is RBI buying IMF gold -- skys39, 20:56:22 11/13/09 Fri
they are making parachutes
[Edit]
- Well .. -- Delta-au, 20:55:49 11/13/09 Fri
one of those will prolly be "draining the swamp" ..
the other I doone know ..
[Edit]
- If Goldman's Barrick CEO says we are running out of gold -- RIP, 20:55:34 11/13/09 Fri
.....it must be true.
They would never lie.
[Edit]
- Densa nitwit continues to Parade his Ignorance -- Gila_Bob, 20:54:07 11/13/09 Fri
Ain't it a shame............Discuss
[Edit]
- The ABX nitwit -- Gila_Bob, 20:52:23 11/13/09 Fri
Friends:
Is ignoring 2 NEW Technologies
That will cause GOLD Output to Increase Again
Not that thee mental cRIPple knows either One
Cannot teach a dumb dawg ta Hunt
LOL
Big Bob
[Edit]
- Gila @ Densa -- RIP, 20:51:32 11/13/09 Fri
Easy now....he is one of your allies.
[Edit]
- Peak Indian Gold .. -- Delta-au, 20:50:32 11/13/09 Fri
Why is RBI buying IMF gold?
Analysts say one of the reasons why the RBI was buying gold from the IMF was to shore up its gold holdings. The latest purchase will lift its share of gold holdings from near 4 percent to about 6 percent, much less than most of the developed world but four times China's share.
India's foreign exchange reserves held at the central bank totalled $285.5 billion on Oct. 23, of which gold comprised just over $10 billion. India held 357.8 tonnes of gold reserves as of March 31, 2009, according to the latest data. India built up its gold reserves to over 20 percent of its foreign reserves in 1994 after a balance of payments crisis in 1991. But the proportion of gold has since fallen significantly as total reserves swelled.
Another reason behind the buying may be India's push for a larger voting share in the IMF. India, with other emerging economies, has pressed for greater influence in world economic affairs as it has grown rapidly into a $1.2 trillion economy. India, along with China, has been pressing for a larger representation in the IMF and had promised to augment its resources for lending to developing countries. By buying gold from the IMF, New Delhi may be trying to assert its authority in the global economic stage.
Is it aimed at diversifying India's reserves?
Some economists say the move could be aimed at diversifying its reserves holdings which focuses on the U.S. dollar. The RBI does not officially talk about its diversification strategy. On Tuesday, the RBI said the purchase of IMF's gold was done as part of its foreign exchange reserve management.
DISCUSS ..
[Edit]
- I'm only discussin' the Densa Dumb0, Delta -- Gila_Bob, 20:49:49 11/13/09 Fri
Friend:
The mental cRIPple's literacy is so Low
He's cAUsed his country to be called KANA-duhhhh!!!!!
LOL
Big Bob
[Edit]
- first time I've listened to Tom Obrien in awhile...the -- BUFFORD (), 19:55:49 11/13/09 Fri
currency trader , Larry Persavento sez gold is coiled up and he wouldn,t be suprised to see go up as in parabolic on Monday
Larry also sez he doesn't understand why silver has lagged the gold price...........
20 mins in
on the othe hand Tommy O sez SNP going to 825
http://www.tigeruniversity.com/mp3/TOS111309.mp3
Last edited by author: Fri November 13, 2009 20:49:21
Edited 3 times.
[Edit]
- Peak Gold .. -- Delta-au, 20:48:56 11/13/09 Fri
Yesterday the President of the largest gold mining and
production company, Barrick Gold, noted that after ten
years of declining production it is time to recognize that
the world has seen the peak in gold production. To maintain
production ore is being mined with increasingly less gold
in it. (The grade of the ore, or metal content, defines
whether it is profitable to mine.)
Ore grades have fallen from around 12 grams per tonne
in 1950 to nearer 3 grams in the US, Canada, and Australia.
South Africa's output has halved since peaking in 1970.
The supply crunch has helped push gold to an all-time high,
reaching $1,118 an ounce at one stage yesterday.
DISCUSS ..
[Edit]
- 1. -- wuhcuh (), 20:38:17 11/13/09 Fri
http://money.cnn.com/2009/11/13/news/economy/bank_failure/
http://online.wsj.com/article/SB10001424052748703811604574534243416154888.html?mod=googlenews_wsj
Discuss
Last edited by author: Fri November 13, 2009 20:45:05
Edited 2 times.
[Edit]
- ok .. looks like "DISCUSS" is the new buzzword .. -- Delta-au, 20:43:12 11/13/09 Fri
In times of xs inflation, gold rises ..
In normal times, gold is lax ..
In times of xs deflation, gold rises ..
.
"DISCUSS" ..
.
[Edit]
- Sad Sack Illiterate Densa Liter in Kana-DUHHH!!!! -- Gila_Bob (), 20:39:03 11/13/09 Fri
Continues to imagine he can pick sum thing besides His n0$e
Not possible say concerned Neighbours
Discuss
Last edited by author: Fri November 13, 2009 20:40:02
Edited 1 time.
[Edit]
- Plimer calls 'em on their "Hot Air Breath" .. -- Delta-au, 20:36:53 11/13/09 Fri
Professor Ian Plimer, a geologist from Adelaide University, argues that a recent rise in temperature around the world is caused by solar cycles and other "extra terrestrial" forces
http://www.telegraph.co.uk/earth/earthnews/6553592/Climate-change-sceptic-Ian-Plimer-argues-CO2-is-not-causing-global-warming.html
[Edit]
- @ OSK warrants -- RIP, 20:31:48 11/13/09 Fri
The $7.90s expire Monday.
Stock close......$7.97
LOL.....crooked?
Too close to call it anything but.
They won't all be exercised....but enough of them will.
Too bad, Gila.
[Edit]
- from the Inst of Mech Eng .. London .. -- Delta-au, 20:31:02 11/13/09 Fri
In December 2009 world nations meet in Copenhagen, Denmark, to try to agree a replacement to the Kyoto Protocol. The current outlook for a forward thinking, legally binding global agreement is not looking good, with domestic economic, social and political concerns diverting attention from the required world view.
The UK Government has attempted to address the challenges of climate change by passing the Climate Change Act (2008); introducing targets and carbon reduction budgets to reduce our emissions of greenhouse gases (GHG) in the short term to 34% by 2020, and longer term to 80% below 1990 levels by 2050.
The Institution of Mechanical Engineers applauds these first steps but they will not come near to achieving the 80% reduction target by 2050. Therefore, the question has to be, are the policies being adopted simply a cop-out so that the UK does not have to take decisive and serious actions, many of which may be unpalatable to politicians and the general public? If this is correct, have we therefore already lost the climate change mitigation battle?
http://www.imeche.org/about/keythemes/environment/Climate+Change/MAG
[Edit]
- KANA-Duhhhh!!!!!!!!!!! -- Gila_Bob, 20:25:35 11/13/09 Fri
More mental cRIPples than ever Before
Prolly a "Lumber-Jack" Problem
[Edit]
- Check out the new improved one line Gila -- RIP, 20:18:43 11/13/09 Fri
rotflmao
What did you say?
[Edit]
- mental cRIPple cannot Help buttttttt P0$t -- Gila_Bob, 20:18:35 11/13/09 Fri
Proving that knowing NOTHING is never a bar to Verbosity
Discuss
[Edit]
- It appears... -- JoeB, 20:18:26 11/13/09 Fri
we get a bank failure free weekend.
discuss.
[Edit]
- Are the stooges done yet? -- RIP -- JoeB, 20:16:48 11/13/09 Fri
Hold on Polly, I'm still looking for your crackers.
[Edit]
- Yer Jackin' Off in Public Again, cRIP -- Gila_Bob, 20:16:47 11/13/09 Fri
Discuss
[Edit]
- Are the stooges done yet? -- RIP, 20:07:40 11/13/09 Fri
Yes...all 3.
[Edit]
- I barf on the forum? -- RIP, 20:03:39 11/13/09 Fri
T'was never me who claimed to be too good to post here.
Discuss.....$15 nat gas
[Edit]
- Notice the mental cRIPple -- Gila_Bob, 19:53:51 11/13/09 Fri
Continues to verbally Barf on the Forum
Discuss
[Edit]
- - -- faloffal, 19:52:19 11/13/09 Fri
"the dollar is marching down to zero"
what if the dollar goes up ST, how does one play it?
[Edit]
- Notice the effort some put in attacking me -- RIP -- JoeB, 19:51:19 11/13/09 Fri
You're confusing attacking you, with laughing at you.
[Edit]
- Gila -- RIP, 19:50:09 11/13/09 Fri
I have never ever seen you put in one line....what you could expand into a dozen.
Congrats....your last was amazing.
Not so much in content....but length.
[Edit]
- Notice the Pimp cannot Defend his GarBaGe -- Gila_Bob, 19:47:15 11/13/09 Fri
Very Telling, eh, mental cRIPple??????????
[Edit]
- - -- faloffal, 19:45:17 11/13/09 Fri
One year drop in Housing Prices, from primary Western Canadian cities...September 2008 to September 2009
Edmonton - 11.4%
Victoria - 10.4%
Calgary - 6.4%
Vancouver - 6.4%
[Edit]
- Notice the effort some put in attacking me -- RIP, 19:45:02 11/13/09 Fri
A definite sign of weakness.
[Edit]
- Schiff is explaining the reasons for deflation....without even knowing it. -- JoeB, 19:42:35 11/13/09 Fri
Look, a full moon.
RIP: That's a sign of deflation.
There's the geese flying south for the winter.
RIP: That's a sign of deflation
They've gone and cancelled my favorite TV show.
RIP: That's a sign of deflation
I like that new model of Toyota.
RIP: That's a sign of deflation
Hey, it appears the FED is monetizing the debt.
RIP: That's a sign of deflation
The money supply is going through the roof!
RIP: That's a sign of deflation
Polly wanna cracker?
RIP: That's a sign of deflation, squawk!
[Edit]
- Why are you here, Gila? -- RIP, 19:41:30 11/13/09 Fri
A court order mandating public service?....lol
We aren't worthy of your whizz-dumb.
Trot along with Joe and Miro and Devil.....and show them how to retire in style.
Golden style.
[Edit]
- speaking of the dollar going to zero- here's lord jim -- mugwump, 19:38:59 11/13/09 Fri
http://jsmineset.com/
[Edit]
![[Most Recent USD from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
