drbubb

2013 : the Year of Ditching the Dollar? Jim Willie believes that the Non-Dollar powers are now organised and ready to ditch the Dollar and move towards Gold. German has been tapped to be a "leader of the Eastern alliance" of countries who no longer want to see Dollar hegemony Their intent to ask for their Gold back from the Fed is an important warning sign.

Ending the Confusion I have just changed the Help file, talking about how to become a new member to what follows: Help Topic: How to Register New System - ignore what is below line : It is now necessary to send an email to a Moderator, in order to get a log-in. This procedure is discussed on a GEI thread: http://tinyurl.com/GEI-newmem ======== Old system was different (so I hope this ends the confusion, and will increase GEI's sign-up rate): http://www.greenenergyinvestors.com/index.php?app=core&module=help&do=01&HID=19&hl=registration

I get your point: by calling it a "Delusion Index", it suggests it has more meaning that it really does. With the index now at 150%, it does not mean that Seller's are now offering properties at a 50% premium to where the deals get done. Instead, this is a sort of ratio between Green Apples and Red Apples (they are not exactly the same thing) but they are similar things. I think the Ratio IS MEANINGFUL, since it shows how the Rightmove figures are behaving in relation to Hali-Wide. A fat premium tends to get whittled down over time, and there is a tendency for ratio to revert to Moving Averages. BTW, why do you think Rightmove's index is now at such a fat premium to other indicies?

That's explosive ! Where's the real gold then?

The NFIP disguises the real cost of flood insurance in flood prone areas, which influences homebuilding and sales in such areas. Recklessly taking unwise risks when risk is underpriced is known as moral hazard. When politicians decide that private insurance premiums are too high, as with houses built in flood plains, the solution is tounder price the risk through federal subsidies. The obvious and expected outcome is more danger to life and limb when disaster strikes. An excellent point from Dr Paul. The risk doesn't go away, it gets mispriced

"the Federal Reserve has refused to allow German inspectors to even view the country’s massive gold reserves “in the interest of security and of the control process“ LOL That's rich : Don't mess with our "control process", say TPTB These guys need to be taught a huge lesson, and the way to do it, may be to strip them of all power, and leave them shivering in their shorts. I really want to see the Bundesbank pursue these criminals.

http://www.youtube.com/watch?v=J2CBJD093Zc David Morgan makes an interesting point herein: + 70% of Silver production comes as co-production from base metals, mainly copper + Therefore, a severe fall in Copper prices, is likely to cutback on silver production Copper (CU) has fallen more than Silver (SLV) ... update : other time

Okay. Maybe they would welcome a return visit, or even just a short PM from someone

You're too intense (haha) Invite him over (on my behalf?) - to explain his ideas

There could be some sharp falls, now that the seasonal influence is waning Mo. : Rt'mov : London : Rest of UK %chg / Nt'wide : H-oldSA : Halif.SA Hal.NSA: HNindex : mom : DelusIdx 2012 J. : : 224,060 : 438,324 : 146,967 - 0.28% / 162,228 = n/a = 160,907 158,879 : £160,554 : - 0.16% :139.6% : F. : : 233,252 : 449,252 : 149,658 +1.83% / 162,712 = n/a = 160,118 158,897 : £160,805 : +0.16% :145.1% : M : : 236,939 : 455,159 : 151,853 +1.47% / 163,327 = n/a = 163,803 163,419 : £163,373 : +1.60% :145.0% : A : : 243,737 : 464,944 : 152,815 : +0.63% / 164,134 = n/a = 159,883 161,180 : £162,657 : - 0.44% :149.8% : M : : 243,759 : 469,314 : 152,803 : - 0.01% / 166,022 = n/a = 160,941 161,785 : £163,904 : +0.77% :148.7% : J. : : 246,235 : 477,440 : 153,332 : +0.35% / 165,738 = n/a = 162,417 163,240 : £164,489 : +0.36% :149.7% : Jl : : 242,097 : 460,304 : 151,633 : - 1.11% / 164,389 = n/a = 161,094 162,619 : £163,504 : - 0.60% :148.1% : A : : 236,260 : 454,875 : 150,173 : - 0.96% / 164,729 = n/a = 160,256 160,200 : £162,465 : - 0.64% : 145.4% : S : : 234,858 : 456,237 : 149,719 : - 0.30% / 163,964 = n/a = 159,486 160,437 : £162,201 : - 0.16% : 144.8% : O : : 243,168 : 478,071 : 151,123 : +0.94% / 164,153 = n/a = 158,426 159,818 : £161,986 : - 0.13% : 150.1% : ========================================= mom:+3.54% : +4.79 % : Est. DI : : 150.1% / +0.11% = n/a = :- 0.66% : +0.15% : - 0.13% :. At 150%, The Delusion Index is sky-high ! Look for some falls in those Rightmove figures in the next few days

Let's see what he knows. No much, I reckon

The Election... and Gold - from DrB';s Diary

Small business is getting hammered. Big business is well-protected by the state

I am an American , and think the UK social net is too big, and benefits too easily handed out. If the country is going to get back on track it needs a stronger middle class employed in the private sector. I suppose you could say the same thing for the US Of course, those who benefit - those on the red line - are not eager to give up their advantages: But I reckon it is inevitable. In the US, we have sensible people like Gary Johnson talking about cutbacks in all areas, sharing the pain. I'd like to hear more of that in the UK, but the habit of "buying votes" is deeply ingrained.

Lifetime of debt slavery - Home-Owner-Ism enters final phase CityWire: Are you facing a mortgage 'time bomb' in retirement? "Analysis by equity release lender More 2 Life shows 103,000 over-65 households are still repaying mortgages, including 81,000 65- to 74-year-old households, and 22,000 households of 75 years plus. The number of people still repaying mortgages in retirement is reflected in changing work patterns, as more people work past the traditional retirement age and the age of a first-time buyer increases. As people live longer and work into older age the number still paying their mortgage in retirement will increase, exacerbated by the number of interest-only mortgages that are coming to the end of their term." But... but... this is what we want, isn't it? Pay rent until you're forty and then pay a huge mortgage until you're eighty? That's what "aspiration" is all about, isn't it? ===== Solution? SELL the property, paydown the mortgage, And Downsize? Easy

Huh? It doesn't work that way ... all sides of this unfairness need to be addressed. As you may know, I have often addressed the issue of excess pay to bankers. The mission is to help the middle class within the private sector - they have been squeezed too hard

Sure - there's a risk to life - I am not attacking fire-fighters, just the pay-package & outsized pensions. What should we do, simply pay them whatever they ask for - without reference to private sector pay ? (There are stories like this one, now running in the press.): It’s not just the boomers shafting the younger generation! Telegraph: Households face £1,230 bill to plug public sector pension black hole “Why should future generations pick up the bill for the pensions of public sector workers, people who on average are likely to be far better off in their retirement than their wealth-creating private sector peers?”

I dunno. The hours are (generally) less in the public sector, and the pensions are good too? What happened to my pension? I do not know I think most in the public sector have no idea what the risks and realities of the private sector are like === === Having said that... I have no doubt that there are many fine, hard-working, and dedicated people working in the public sector. Probably a large majority of those employed there. So "villains" will seem a harsh characterisation, since the majority certainly lack any villainous intent. What disturbs me is the way the system now rewards them more handsomely that this in the private sector, who afterall are the economic engine of a private enterprise economy. They should not forget that. The private sector cannot truly be healthy long term, if the private sector is ailing, and shrinking.

"With pay freezes having been in effect for a few years now" Hmm. Pay has FALLEN in many private sector jobs. Why do Public sector people think they should be immune to that? It is not being addressed fast enough - Villains are escaping their just fate

For the Private Sector, it has been

In tough times, Public sector wage growth should not be above the rate of Private sector The parasites are getting healthier than their hosts

Yes, could be set for a nice Rally soonish / After the election maybe? GLD / Gold ...update

There's much to learn on the gardening front. Do you think books like this (below) are any help: Mini Farming describes a holistic approach to small-area farming that will show you how to produce 85 percent of an average family’s food on just a quarter acre—and earn $10,000 in cash annually while spending less than half the time that an ordinary job would require. Even if you have never been a farmer or a gardener, this book covers everything you need to know to get started: buying and saving seeds, starting seedlings, establishing raised beds, soil fertility practices, composting, dealing with pest and disease problems, crop rotation, farm planning, and much more. Because self-sufficiency is the objective, subjects such as raising backyard chickens and home canning are also covered along with numerous methods for keeping costs down and production high. Materials, tools, and techniques are detailed with photographs, tables, diagrams, and illustrations. === /see: http://www.amazon.co.../ref=pd_sim_b_2

Why UK Property is in the Doldrums, relying on Foreigners There's a more up-to-date chart here: page 2 http://www.nationwid...al/Oct_2012.pdf Spot the Villains in the above chart (look for red)

Nice place - needs some care