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The wagon wheels are coming off on the sovereign debt crisis and we’re in the early phases of it. Some may have noticed I do a fair amount of posts on precious metals (PM’s), the reason for this is because gold and silver are the front running enemy to a fiat currency system. If you watch PM’s you can gauge the sovereign debt crisis by how much PM’s continue to go up even though HSBC and JPMorgan have gotten caught manipulating prices with heavy shorts. Fiat currency is losing despite this fact, the economy is not improving. The stimulus, bailouts, and FED have only bought time and made things worse, what comes next will be far uglier than the 08 crash.
I know I'm so cheerful, I really am, but the numbers don't lie and so I am only saying what the numbers are saying.
Goodnight, Frau Blücher
because of the large number of shills and a huge supply of suckers who believe that precious metals will always go up. BTW I have some bundles of mortgages to sell if you're in the market.
Hasa Diga Eebowai
In August of 1971 Nixon detached us from the gold standard (40% exchange to be exact) because France was emptying our vaults under the Breton Woods agreement. They believed we couldn't pay off the Vietnam War, they we're right, we didn't and still haven't. So with the stroke of a pen without Congressional approval Nixon converted our entire money system into a fiat paper system. That was only 39 years ago, until then gold was officially money.
Central banks still consider gold money because every central bank lists it as a reserve asset. India, China, and Russia are all purchasing gold. It's important to note China has been selling our fiat dollar since January of 2008.
Instead of making blind assertions why not do some research and learn about the history of money and the role gold has held in our economic system. While you're at it learn about how many times fiat currency has succeeded in surviving in the world as a money. The short answer is zero, never.
Goodnight, Frau Blücher
than you can imagine. They're some of my best customers. Gold goes up because it is one of the many places to park your money in uncertain economic times. As the world economies improve it will go down. It has very few industrial applications and those require minute quantities. Other than that it has little intrinsic value. I'm also a metallurgist and materials engineer btw and I'm pretty sure I have a solid grasp of the metals markets. You'd be much better off investing in metals that will up as the economy improves and for which there are actual uses. If you'd invested in lithium futures or neodymium both of which would have given you much better returns. Gold is for suckers right now. It is near it's peak and if any major state decided to take advantage of it's current price to lock in returns it will fall rapidly.
Hasa Diga Eebowai
so bad that people would only deal in gold, how would they make change? I agree 100%, if you think investing in gold will save you in hard economic times, You are as nutty as a teabag full of pecans.
it's going to haunt you. So you think China, India, Saudi Arabia, Russia are all nutty as a teabag full of pecans huh? What I state in my posts above is not pie in the sky speculation, it's history repeating itself again. This has all happened before, this scenario has played out literally thousands of times throughout history since around 400 BC when silver was first used in Athens and was later debased with copper. Some of the other most noteworthy failures in fiat currency would be Holland with tulip bulbs in the 1600's, again in France and John Law in the 1700's.
Here learn a little history and see just some of the countries that have experienced fiat currency hyperinflation.
http://en.wikipedia.org/wiki/Hyperinflation#E...
Goodnight, Frau Blücher
as I said (and JP Morgan for that matter) gold is money, so is silver. As late as 1970 there was still 40% silver in Kennedy half dollars. Why do you suppose that was? Why do you think they replaced them with cheaper metals? Do you understand what intrinsic value is? Do you understand the dollar today is literally a liability? Do you know what debasing currency is? As I've said a number of times this contest between gold and fiat money has played out thousands of times through out history and in every case gold wins. Even in our country fiat currency has already failed twice, the first was the Continental, the second was the US Greenback dollar. Fiat currency has failed 100% of the time, the probability of success is zero.
When fiat fails gold and silver reassert themselves as money, their purchasing power go up exponentially, and a new money system replaces the failed one, and gold and silver's value fall into line with the new system. What do you suppose countries like China, India, Saudi Arabia, Venezuela, and Russia know that you don't? Why do you think legendary investors like Warren Buffet, Jim Rogers, Marc Faber, and many more who own a lot of gold know that you don't.
Goodnight, Frau Blücher
Like I said, the stimulus hasn't worked, it's only put off the inevitable and the inevitable is about to arrive only now they are deeper in debt.
Goodbye, stimulus. Hello, state budget cuts
http://money.cnn.com/2010/05/05/news/economy/...
Goodnight, Frau Blücher
4-0 in western quarterfinals!
"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."
---Southwest Airlines
those pesky Lakers!
is Obama's SC Justice choice.
"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."
---Southwest Airlines
It's all here. Happy happy, everybody!
"Courtesy is owed. Respect is earned. Love is given." --Unknown author, found in Guide to Texas Etiquette by Kinky Friedman
....."I Am a Quesidilla!!!!!!!!!!!!!!" god,I love that clip...."let me see,let me see"...."one more time"............"I am as Quesidilla!" then wonderfull laughter,mom& little girl,a true joy to see,over and over again,thanks mom
....the fools do not realize,a population that can ,..... not paticipate .............in the 'economy'...,can not keep it viable!..........."we are listening,.......and we're not blind.,......this is your life....this is your time."
For some reason she had never gone to a ballbase game. So, I took my 77 yo mother to see the Texas Rangers play baseball. I got seats 12 rows behind home plate. We got to the Ball Park an hour early so that she wasn't rushed. We ate nasty hot dogs and yelled at the umpire. It was a blast. She loved it.
...and enjoyed being in a small park with a couple of minor league teams. First ball game I'd seen in more than 30 years; the last one had Bob Gibson pitching to Johnny Bench, with Roger Maris in the outfield... you get the picture.
"Courtesy is owed. Respect is earned. Love is given." --Unknown author, found in Guide to Texas Etiquette by Kinky Friedman
.
"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."
---Southwest Airlines
Man had nothing to do with Him.
http://www.youtube.com/watch?v=EsjdLL3MrKk
Will global warming sink Taiwan? High premiums could screw kids out of coverage. The irony of the Arizona immigration law is that it comes on the heels of the state rescinding prior police state-inspired legislation. How times have changed. I hate assholes. Seriously.
Very cool.
Through BoingBoing
Corruption favors the wealthy.
Thanks for sharing. I wonder how much time she put into this?
The Original Anti-War Mother's Day
Excellent historical perspective on the Original Mother's Day.
When will government of the people, by the politicians, for the corporations perish from this Earth?
Not soon enough!
I loved the first paragraph of this article in today's NYT Business Section:
"SOMEONE ON WALL STREET JUST MADE A KILLING."
Then, on the front page was this paragraph dealing with the "harrowing plunge in the stock market":
"But, maddenenly, the cause or the causes of the market's wild swing remained elusive, leaving what amounts to a $1 TRILLION question mark hanging over the world's largest, and most celebrated stock market".
http://www.nytimes.com/2010/05/08/business/08...
Call me crazy, but this looks like it might have been a VERY sophisticated "inside job" to me.
"The US has an army of 90,000 soldiers in Afghanistan and is spending $100bn a year, but has still been unable to defeat 20,000-25,000 Taliban who receive no pay at all." - Patrick Cockburn
.. like at least one other suspicious event in NYC in the last decade ..
When will government of the people, by the politicians, for the corporations perish from this Earth?
Not soon enough!
you couldn't be talking about............Wait for it.............(9/11).
I'm just saying that even some on Wall Street are talking a "conspiracy".
Don't poo-poo "ALL" conspiracies, ron. Afterall, the Watergate break-in, Iran-Contra and The October Surprise etc. were all conspiracies, right?
Conspiracies "happen" ron. You cannot deny it.
And I'm just suggesting, based on what we know about this "event" that it looks like powers within the market could have "somehow" manipulated things to make this happen.
Am I (and many on Wall Street) really making too big a leap in logic here??
"The US has an army of 90,000 soldiers in Afghanistan and is spending $100bn a year, but has still been unable to defeat 20,000-25,000 Taliban who receive no pay at all." - Patrick Cockburn
Nope, if you're talking Wall Street, I would believe just about anything.
I actually believe that the administration knew that 9/11 was going to happen. Yeah, I'm a conspiracy theorist, based on facts.
I'm still waiting for more proof than just innuendo and coincidental timing on that one.
as plain as the noses on our faces.
:)
And props to Jesse Ventura for pointing out the obvious.
Who did it? We can only speculate. But it's pretty obvious who benefitted from it.
When will government of the people, by the politicians, for the corporations perish from this Earth?
Not soon enough!
NOTHING has ever been "proven" ..
NOTHING
When will government of the people, by the politicians, for the corporations perish from this Earth?
Not soon enough!
Will the truth come out? That is the real question.
but I think it's not allowed here.
It was given in Chicago a few weeks ago and he gives very good research evidence from the NIST report on WTC 7, plus other highly relevant facts.
The speech was at the We Are Change conference.
Try YouTubing it if you are interested ron.
"The US has an army of 90,000 soldiers in Afghanistan and is spending $100bn a year, but has still been unable to defeat 20,000-25,000 Taliban who receive no pay at all." - Patrick Cockburn
I have followed this from the beginning. I watch on live TV the second plane fly into tower 2. It was months before I even heard anything in the news about tower 7.
you will find the speech quite compelling, I promise.
"The US has an army of 90,000 soldiers in Afghanistan and is spending $100bn a year, but has still been unable to defeat 20,000-25,000 Taliban who receive no pay at all." - Patrick Cockburn
.
Anything Could Happen.
I'd be surprised if this Wall St Hustle WASN'T orchestrated by the same Rich Boys' Club that's orchestrated the Savings and Loan Scandal, 9-11, assassination of JFK, the recent meltdown of the financial markets which is still reverberating throughout the world markets, and sundry other foul deeds intended to enrich the rich at the expense of everyone else.
When will government of the people, by the politicians, for the corporations perish from this Earth?
Not soon enough!
to look for that monster under your bed. And the gremlin stealing your matching socks, that little bastard!
I stopped fantasizing problems years ago.
It's tough enough to deal with the real problems on this planet.
When will government of the people, by the politicians, for the corporations perish from this Earth?
Not soon enough!
http://www.youtube.com/watch?v=7IYx_tRnpVg
Diabolus est Deus Inversus
Are you saying your mom has a comic book fetish by night?
http://www.commondreams.org/view/2010/05/09-0
It's kind of ironic isn't it?
Leading up to the presidential election of 2008 one of the best arguments for making SURE Obama beat McCain was, "We need a strong Democratic/progressive/liberal choice for the Supreme Court, not a right-winger like a Republican would choose."
And now here we are with Kagan??:
http://www.commondreams.org/view/2010/05/09-0
"The US has an army of 90,000 soldiers in Afghanistan and is spending $100bn a year, but has still been unable to defeat 20,000-25,000 Taliban who receive no pay at all." - Patrick Cockburn
How's that hopey-changey thing working out?
-----
.. sorry .. had to say it ..
.. but ya know what? she's got a point ..
When will government of the people, by the politicians, for the corporations perish from this Earth?
Not soon enough!
some moron on the radio today said that The US Constitution has the words "under God" in it. Can someone please show me where it says that?
".. endowed by their Creator with certain unalienable rights .."
is in the Declaration of Independence.
That's the closest to "under God" found in our Founding Documents.
And clearly "their Creator" could be the Tao, the Great Spirit, Mother Nature, DNA, .. whatever ..
When will government of the people, by the politicians, for the corporations perish from this Earth?
Not soon enough!
The Declaration references "Natures God," the "Creator," and "Divine Providence."
Each of these metaphysical invocations has an interesting history. Only the last can be considered a Judeo-Christian concept. The other two are all wrapped up with the founders' understandings of Natural Rights, and are decidedly not Judeo-Christian.
In fact, if I'm remembering this correctly ('sbeen a while since I really studied it) "Divine Providence" was added in the amendment process. Jefferson had not written it. When other members of the Continental Congress were worried that their plans for revolution might be in trouble if they said nothing about "relying on providence" or something to that effect, Jefferson basically rolled his eyes, and acquiesced, thinking to himself, "how silly."
If anything, the Declaration is a tribute to the religious diversity among the founders. The Christians among them (and yes, some of them were) looked at "Creator" and "Nature's God," and knew full well that Jefferson was not referring to the god of the Bible. And they were unhappy about it. But they all ultimately signed the same document, which references natural rights, natural law, an ambiguous creator force and divine providence. It is the quintessential American document.
Now if only they had left the anti-slavery portions in. :)
Everyone is equally entitled to the pursuit of happiness. Wasn't that once self evident?
:)
When will government of the people, by the politicians, for the corporations perish from this Earth?
Not soon enough!
http://www.youtube.com/watch?v=XaX3kPOfwk0
Diabolus est Deus Inversus
The word "god" does not appear once in the U.S. Constitution.
You really have to struggle and strain to make the Constitution a religious document. The closest it comes is recognizing that Sunday does not count when counting the 10 days the president has to either sign or veto legislation, and that's a big stretch.
Otherwise, you have to contort yourself into a semantic animal balloon to interpret the Constitution as religious.
That or, you know, just lie.
Everyone is equally entitled to the pursuit of happiness. Wasn't that once self evident?
thanks for the info.
http://www.youtube.com/watch?v=QCG3kJtQBKo
Stormy Weather
for admitting he was madly in love with Lena Horne. And my mom was a pretty good Joe about it too.
BTW, here's a link about the Gulf spill where now it appears BP's next "big idea" is to try to shoot a bunch of old tires and golf balls into the gusher to stop it. I wish I was kidding:
http://newsinfo.inquirer.net/breakingnews/wor...
"The US has an army of 90,000 soldiers in Afghanistan and is spending $100bn a year, but has still been unable to defeat 20,000-25,000 Taliban who receive no pay at all." - Patrick Cockburn
have no clue I don't know what will. Let's see the upside, it stops the leak, the downside, if it fails it could cause the leak to spill 12 times faster. With 3.5 million gallons spilled so far just imagine if it was 42 million and growing.
I hope they can come up with a better idea.
they might get a hole in one.
RussiaToday discusses the use of nuclear devices by the Soviets to stop a natural gas fire that raged for 3 years.
Nuke the oil spill: Could nuclear bomb be answer for huge leaks as at US Gulf coast?
When will government of the people, by the politicians, for the corporations perish from this Earth?
Not soon enough!
So far, BP has been trying to save the well, not trying to save the Gulf. They have to stop the leak to do either, but that doesn't mean they've been trying to stop the flow of oil. That is, they've been trying to stop the leak while keeping the well open. Capping it is not the same thing as plugging it. This sounds like they may be willing to plug it now since capping it ain't working. YAY tires and golfballs!
Are there any other adult children of emotionally or physically abusive mothers out there who can't stand this holiday?
Everyone is equally entitled to the pursuit of happiness. Wasn't that once self evident?
That's part of the reason it hurts.
My mom was a titanic figure politically, sometimes extremely loving, but in the end quite abusive. Then she killed herself.
Today I cried for her. A lot.
But I also can't stand the sentimentality. Above I posted an article (The Original Anti-War Mother's Day) that describes the reason behind the original Mother's Day, which has instead become highly commercialized and just about as far from the original conception as possible.
When will government of the people, by the politicians, for the corporations perish from this Earth?
Not soon enough!
Thank you, MountainMan23. I did not know the history of Mother's Day. How interesting!
Aside from the commercial nature of all our holidays, it bothers me that our culture insists that we respect our mothers. You know how many mothers should not be mothers? Do people have any idea what the statistics are for emotional and physical abuse perpetrated by mothers on children? And so many of those children, especially the emotionally abuse, are not listened to when they complain. They're just in turn abused by the authority figure to whom they go for help (teachers, ministers, friends), who generally belittle the emotional abuse, and instill shame for not respecting their mothers more.
I'm so sorry to hear of your story, MountainMan23. That is tragic. My mother was seriously emotionally abusive, and I still suffer the effects of having grown up in her house.
I do not begrudge anyone who wants to celebrate their loving, wonderful mothers. In fact, those who do great jobs as mothers should be recognized for what it is they actually do, for being a mother is perhaps the most difficult job in the world. But we should not accord respect automatically. And no one should be stigmatized for saying, "I don't celebrate Mother's Day." Anyone who does say so probably has good reason.
Everyone is equally entitled to the pursuit of happiness. Wasn't that once self evident?
but I miss her. Her death was hard and still lingers as if it was just yesterday. I've learned to live with it, even on holidays like mother's day (or xmas, which was her birthday).
The part that bothers me the most is no family, no friends asked me how I was doing today or anything like that. No calls from "best" friends, not even about *the* topic, but just to say "hey..." =/
This world is a cynical, cold place.
Edit: whoops, meant to reply to Karen's post. In any case, cool info. about mother's day, MountainMan23. Was cool to read.
It took me a long time and a lot of applied effort to dig my way out from under the worst of the damage my mom inflicted and at last see her as the tragic figure she was.
May you find inner peace in this lifetime.
:)
When will government of the people, by the politicians, for the corporations perish from this Earth?
Not soon enough!
I bought in this year, since I finally had enough money to do something nice for my mom. I ordered her a flower arrangement through FTD on Fri AM as soon as my check was in my account. (Because of her remote location in AZ, other companies couldn't deliver by Sun.) I paid a premium, of course, to get it delivered "on Sat or Sun".
Well, surprise surprise-- it never showed up!! And not even a phone call to her or me, nor an email to me. I imagine it will show up sometime today, with a strongly-worded apology (and no refund, of course). Fuck 'em all!
"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."
---Southwest Airlines
evidently, nobody can get a drivers license down there anymore to get hired on? My kid drove for one valentine weekend and made some good dough
got stopped and asked for their papers...
"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."
---Southwest Airlines
My four sons ran me outta L.A. five years ago!!!
Not literally of course, but their behavior made me throw all my things in storage, give up the lease on my house, grab my cat and a suitcase and head for the east coast!!!
They were all "adults" who refused to "grow up".
Well, all those tough love classes finally sunk in.
When I flew outta L.A. and breathed a sigh of relief that I had escaped alive, they were forced to grow up without their "enabler" around to "take care of them".
I came back this past November and all is well in Mudville now.
I received the loving support and respite I desperately needed and they all figured out what it means to be real men.
As a result of my "tough love" we had a beautiful Mother's Day yesterday where I got to love all of them and them me. PLUS I have a new grand daughter to boot!!!
"The US has an army of 90,000 soldiers in Afghanistan and is spending $100bn a year, but has still been unable to defeat 20,000-25,000 Taliban who receive no pay at all." - Patrick Cockburn
Define: nuclear family.
"A family that blows up."
In my view THE problem with the American family is that we've destroyed the extended family and replaced it with the nuclear family.
I only wish MY mom had moved away from the mess she helped create and taken a deep breath like you did. More than anything else I would like to have known here later in life when I was an adult. I was 18 when she killed herself. Years later Dad and I managed to meet each other as adults. I only wish she and I could have done the same.
When will government of the people, by the politicians, for the corporations perish from this Earth?
Not soon enough!
I hope you don't think I was suggesting that all mothers were bad or that children can do no wrong.
I don't know about "all those" mothers who are abused by their kids. I only know that "Mother's Day" should not be an automatic celebration of every female whose managed to give birth, or even to those who minimally fulfilled the obligation of housing and feeding a child. I'll celebrate "Good Motherhood Day" if society gets around to recognizing what good motherhood is, but merely being a mother does not warrant its own holiday.
I also find it rather curious that you responded to my post that way. As though I was somehow insulting you personally. Very curious.
Everyone is equally entitled to the pursuit of happiness. Wasn't that once self evident?
http://www.washingtonpost.com/wp-dyn/content/...
"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."
---Southwest Airlines
Mine was 46 when she bought the farm several decades ago...
Diabolus est Deus Inversus
http://www.signonsandiego.com/news/2010/may/1...
"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."
---Southwest Airlines
I'm using my house for bankruptcy leverage and giving it back to them, I'm seeing examples like this; 2100sq ft 4 bed trailers (built 2001) on 2 acres going for 32k...boy, what a deal.
farther north/inland?
"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."
---Southwest Airlines
Citrus and Hernando counties
I may need to reconsider...
Best of luck on your end!
"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."
---Southwest Airlines
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