lowrentyieldmakessense(honest!)

He was obeying his masters

So obvious and most just think he is an idiot

http://www.idahoreporter.com/2010/idahoans...r-to-pay-taxes/

 

If Rep. Phil Hart, R-Athol, has his way,

Idahoans could soon be able to pay their taxes with silver medallions produced in the state of Idaho.

 

Hart said the bill serves several purposes, including creating jobs in Idaho, as well as giving citizens in the state a way to store wealth in what he believes is a more stable form of currency. Hart said that though the U.S. Constitution dictates that the government should use nothing but gold or silver for public currency, the federal government has essentially left that provision “in the rear view mirror.” The bill would give the state treasurer the ability to work with silver processing companies to develop a state medallion that the state would then be forced to accept as payment for taxes.

 

That, Hart believes, could bring hundreds, if not thousands of job to the state. In conjunction with the creation of the medallion, Hart’s bill would also try to lure silver processing companies to Idaho, and in particular, north Idaho, which, according to Hart, was once called “the silver capital of the world.” The bill would give companies that come to Idaho to process silver for the medallion a 10-year exemption from income taxes, as well as property taxes. The exemption would be open for 20 years and would sunset after that period of time.

 

continues

fingers crossed

should we get a Prechterite collapse in the market.

is anyone still listening to him

Thxs for that Schaublin. GEI quality showing through as usual. That pic is so innocent, it's from a kitchen shoot. On hpc I had a complaint about its content via the mods, sad.

they must have felt intimidated

It's quite difficult to know what to do. There is a lot of bearish reports on gold. The new high, as I see it is off the back of China being accused of hoarding (and not) and predominantly Greece falling out of the euro. The chinese released a statement saying that they are not hoarding and the french are offering support for greece. On top of that I have been reading about a European monetary fund which will presumably be there to support situations such as that that Greece is going through. So I think that Gold has momentary high here. So I will sell 60% of what I have and buy back in at lower support level.

 

Hopefully this goes well

are you sure

where will the money come from

the important word you used there was 'delayed' but you didn't highlight the rest of that line in commodities.

I think this super spike in certain commodities will definetly happen. We are already seeing a spike (note not 'super') in a lot of commodities generally across the board aren't we ?

 

but yes, you are right as in 'we shall see'.....

i know

1) A COLOSSAL BAILOUT SCHEME FOR LARGE SCALE OUTRIGHT PURCHASES

OF MORTGAGE SECURITIES, FUNDED BY STRAIGHTFORWARD CREATION OF

CURRENCY WHICH WILL IGNITE A DEADLY HYPERINFLATIONARY PRICE SPIRAL

IN VIRTUALLY EVERY COMMODITY ON THE PLANET AND SKYROCKETING LONG

TERM BOND YIELDS WHICH WILL FURTHER COMPOUND DERIVATIVE LOSSES

WORLDWIDE.

delayed because the FED started paying interest on reserves - therefore banks are not lending out the new money. Bit of a catch 22 situation though as the FED needs to continue to offer a higher return than banks can get elsewhere - could end up in a bit of a death spiral

we shall see

Don't know if this has been posted before, but tis a good article:

 

 

http://www.marketoracle.co.uk/Article3753.html

 

How High Can Gold Go Before Peaking - Gold Dow Jones Ratio Important Indicator

 

 

"The problem is that the target is moving; it moves approximately with the rate of inflation."

yep some fans of his on here

http://www.greenenergyinvestors.com/index....ost&p=44396

From:

http://www.telegraph.co.uk/finance/newsbys...ks-lending.html

 

However, the Bank also described how the approach of the lenders to withdrawing from the property sector could jeopardise the economy's recovery.[ laugh.gif ]

the propping up of property delays the true recovery

http://www.telegraph.co.uk/finance/newsbys...ks-lending.html

 

...

But so far the banks have preferred to keep hold of most of their distressed assets while analysing their worth [i.e. mark to myth] and planning how to increase their value.

how are they going to increase their value I wonder.

There is an over supply of office, retail, and warehouse space and some of it needs demolishing

Pied Pipers.

which is why i posted the image

You encourage people to be short term traders. I think most people will not be successful at this and fail and lose their shirts. Or do you want them to follow your own lead (a certain image comes to mind...)?

ker

bubb

prechter

Platinum

yep for those that enjoy volatility

palladium

I have a market neutral fund which does not have any fees or counter party risk. It's called a mattress.

does it squeak

This is a little unexpected news just breaking. I wonder what the Israelies will do about it if the international community doesn't deal with it.

 

http://www.timesonline.co.uk/tol/news/worl...icle6936798.ece

dont iran know that there is a world government being planned

the weak holders wont be clawing the sky they will be phoning Jim Sinclair

the ones that understand the cycles will be buying more

The script for 2o12 and i bet you have not even seen it yet low rent have you??

nope

and i dont know the story line - other than the end of the world?

“Gold is not an ‘investment’. It is money.”

 

Tuesday, 24. November 2009

 

Gold market authority James Turk talks in an exclusive interview for MMNews about the demise of the US-Dollar, correlations between gold and oil, Germany’s gold reserves and the plan for a global single currency.

nice that we get a mention

which of the three currencies to have a crisis first

It is my view that right now we are in the eye of the hurricane. I expect the second half of the storm to hit in 2010, but it will be much worse. Not only will the creditworthiness of banks be questioned, but also that of many governments, particularly the US, UK and Japan.

There is an ideal world currency, and it is called gold. And restoring gold to its rightful role at the centre of commerce is a joyful vision. The strongest economic growth the world has ever experienced occurred under the classical gold standard, which was in my view the ‘best world order’. It marked a period when the rule of law was respected and protected by governments, except those occasional periods when dictators or other demagogues assumed power.

 

There is an essential point made in John Locke’s treatise on silver in 1697, which is particularly illuminating when it is read in conjunction with his two treatises on government. The basic principal he explained then of course remains true today. It is that human freedom and precious metals are inseparable.

yep

and thanks for the link

much appreciated

Absolute top quality that low rent

i think some people on GEI

need 5 minutes with bruce to wake them up.!!!!

 

Then again the way he takes down that king pin in 'Enter the dragon 'would probably still not be enough.

 

AAAAAAAACCCCCCHHHHHHHHAAAAAA

You have offended my family and the shaolin temple.

just been trying to find a clip of him taking a coin from someones hand and replacing it with a dime (thinking maybe people at the COMEX need to be as quick)

and found this

From: http://www.youtube.com/watch?v=9QHslHpK4-Q

lowrent ......how does that work in practice?

capital flight

higher taxes - which are planned

more regulations

capital controls - already happening

capital will flow like water and take the easiest path - which is East

or possibly underground if there is no safe haven and this will result in a dramatic reduction in trade and wealth

I'm lovin lovin it lovin it lovin it like that SIR FWIW!!!!!!

 

 

From:

 

 

reminded me of these press ups

From:

but also Capital is like water - it flows where it is easiest - away from regulations, taxes, malinvestments. It continues to flow east and those in charge are making it worse. If the state becomes even more overbearing it will head underground (and it already is doing)

Since we are on a music tip tonight, here's a bit of Dizzie rapping about the credit crunch.

 

From:

from another one of the good guys

From: http://www.youtube.com/watch?v=ntm1YfehK7U

LINK

Ticking away the moments that make up a dull day

You fritter and waste the hours in an offhand way

Kicking around on a piece of ground in your home town

Waiting for someone or something to show you the way

 

Tired of lying in the sunshine

Staying home to watch the rain

And you are young and life is long

And there is time to kill today

And then one day you find

Ten years have got behind you

No one told you when to run

You missed the starting gun

 

And you run, and you run to catch up with the sun, but it's sinking

Racing around to come up behind you again

The sun is the same in a relative way, but you're older

Shorter of breath and one day closer to death Pink Floyd – Time

 

America has frittered away ten years. Americans missed the starting gun. If you had prepared for the Crisis and it hadn’t touched you personally, the loss of material satisfaction would have been a minor inconvenience. Strauss & Howe describe the implications of not preparing:

 

“If you haven’t prepared, you will have put much at risk. History warns that saecular winters can be searing times for everyone, especially for those who are caught entirely by surprise. No matter what your age, sex, income, race, family status, or line of work, sensible choices today could help you avoid truly desperate choices in the Fourth Turning.”

 

The sad truth is that the nation and most of its citizens did the exact opposite of what Strauss and Howe recommended in 1997. The nation and its people are now destined to experience a terrible winter on par with the Civil War and World War II, with no safety net. The politicians driving the country into this Crisis period continue to think linearly and will be blindsided as the Crisis deepens. Politicians in Washington continue to do business as usual, passing laws and programs that will only worsen the Crisis. Every prior Fourth Turning has seen a Grey Champion Prophet figure appear on the scene to lead the country through the storm. Washington, Lincoln, and FDR proved their mettle in times of extreme danger. Barack Obama is not today’s Grey Champion. He will be cast aside in 2012. A Boomer leader must arise to lead the country through the difficult days ahead.

 

With a National Debt projected to reach $25 trillion by 2019, a government that has promised Boomers $100 trillion more than it can deliver, the end of the cheap oil age, looming resource wars, and nuclear proliferation, it is hard to fathom a happy ending to this Crisis. We appear to be hurtling towards the abyss and no one in charge seems capable of averting disaster. Americans need to understand the danger that is approaching. The final outcomes of this Crisis range from Armageddon to a restoration of the American Republic. The final pages of the Fourth Turning are truly frightening. The possibilities according to Strauss & Howe are:

 

* The next Fourth Turning could mark the end of man. It could be an omnicidal Armageddon, destroying everything, leaving nothing.

* The Fourth Turning could mark the end of modernity.

* The Fourth Turning could spare modernity but mark the end of our nation.

* Or the Fourth Turning could simply mark the end of the Millennial Saeculum. Mankind, modernity, and America would all persevere. Afterward, there would be a new High.

 

Several months ago my University repaved the walkway leading to my building. Along with the new bricks they placed stones within the walkway with words of wisdom from Ben Franklin. Every morning I walk across the same words and ponder their significance.

 

“Lost Time, is never found again.”

 

The nation and its citizens have not made good use of our time. We have entered this Crisis severely weakened and vulnerable. Our appalling fiscal choices and failure to address the coming energy crisis have set us up for a calamity of epic proportions. The linear status quo statists argue that our ingenuity and technological prowess will save the day. They ignore the fact that our best and brightest have spent the last three decades focused on creating financial weapons of mass destruction, pilotless drones that make war as easy as playing on your PS3, improving the distribution chain for aerosol cheese, and inventing the drive thru fast food window. The corporate fascists who have Congress in their back pockets, supported by the Federal Reserve and the banking cartel, have raped and pillaged America to the point that there is nothing left for the middle class. The ruling elite have no intentions of relinquishing their wealth or control without a fight.

 

I’m just an average guy who has lived his whole life in suburban America. I’m the guy at the little league baseball field and the local ice hockey rink cheering my sons on. I shop at Wal-Mart and I take my family to the Jersey shore on vacation. I decorate my house with multitudes of Christmas lights every year after I untangle the ball from the previous year. I’m an average guy who is also a wide eyed realist. My heart and my mind tell me that our leaders have failed us mightily. The next 15 years will be full of pain, suffering and angst. In the previous two Crisis periods, America entered with the moral high ground. The Civil War was ultimately seen as a moral war to free the slaves. World War II was fought against evil Nazis and Fascists. I fear that America’s next Great War will be fought for oil. The shortsighted narrow-minded morons who have controlled our nation will try to cover-up their epic failures by falsifying the reasons for war. I have said this once in a previous article. I will not sacrifice my sons for oil. That is not a cause worth fighting for. Hell no, they won’t go.

 

I do not believe Americans will fall into line behind a leader whose cause is fighting to secure some other country’s oil. I do believe that the credibility and honesty of our politician leaders has been destroyed through their own corrupt immoral actions. A splintering of the country into competing factions and/or regions is a distinct possibility. There is precious little time left, as the howling blizzard gains strength. You will need to hunker down for a long hard winter. Build close relationships, protect your family at all costs, don’t trust government officials, don’t expect the government to honor any fiscal promises, don’t trust the mainstream media, learn to live locally, buy a gun, buy some gold and silver, and be prepared to fight for the truth.

I think it will be a matter of necessity to restore international trade, employment, and drag the world out of depression [David Rosenberg is also saying depression now].

 

What could really have the economists scratching their heads, is that while it took a depression for money to come off gold, it took another one for it to go back to gold.

i think there will be a few that say show me

and also a few that take delivery

Where the bankers and economists have stuffed up, government will have to step in. Countries will welcome it if currencies and trade becomes unstable enough..... and economies stagnate. A gold peg would also enable the Yuan to "de-peg" from the dollar with both currencies then re-pegging to the new gold backed currency at the appropriate levels. The Chinese will have their stability, and though taking a haircut on their reserves, would have the greater part of them guaranteed.

who is going to trust them

There is problem with pegging fiat to gold now. How will the peg work? No one trusts the banksters anymore. The last time Gold was pegged to gold we know what happened - they cheated and got caught.

yep

i think they will try it though