grumpy-old-man

I agree. wages in the UK have stood still for years, & now they have been dropping in the last couple of years, for various reasons. all basic need prices have gone up dramatically. all taxes/utility/mortgage/petrol costs have gone up dramatically. BUT the average UKer goes to Dixons & see's a 42" tv for £500 & says prices are cheap. They will spend the next 5 years chasing the property prices down, telling themselves that their house is still worth a lot more than it really is. People in this country will spend £1000 to make £500, but then lie & tell their friends that they have made £2000 & that's why the UK is in it's current state. (at a basic level of course). Perception is EVERYTHING to the majority it would appear. What happens when PERCEPTION meets REALITY ? DEPRESSION, coming to most people very soon. They won't be worried about house prices in 2010, they will be worried about food/water & heating imo. Some are experiencing this right now in fact BUT you won't see any indepth reports on the news though, this sort of thing only happens in those other countries, you know those countries that are abroad. ffs

well, at least we gte to find out very soon. On a totally seperate note, it will also be very interesting to see what happens around 2012. pole shift ala mayan style, although perhaps it really is just a new age tsunami rather than a physical shift, more a shift of consciousness, a new beginning perhaps ?? we get to find out if a major prediction happens anyway. a lot of religion all appears to be merging at 2012ish with the same result, and it's NOT looking good. Loosely speaking of course, just in case the pedant police come after me.

yes, cg's gold backwardation points to the default actually happening....this IS a real possibility now isn't it ? so the only partial save would be new legislation to try to counteract this event ? , although I have no idea on the practical ramifications of this or what they would implement ?? I don't really understand the finite details of COMEX, just that it represents all future contracts in metals in it's basic form. It was established in 1933, perhaps it will cease to exist in 2009. surely it's just to big to fail, but what if something HUGE happened that overtook that issue, you know something to focus on, an unexpected EVENT of sorts.

cheers Pluto. he seemed to say it very firmly though & didn't appear to act as though something had slipped out. very strange. With so much dis-information going around it really is difficult to understand what they are trying to achieve with comments like that.

look I'll start: ziknik, I apologise if I offended you with my comments the other day.

I thought I was the only troublemaker on this site. c'mon everyone (me included ), we are nearly there now, let's share the all info. What we decide to do with it is another matter of course. We ARE all on near enough on the same side aren't we ?

it's those northern copper cables, they are much, much slower than the southern ones.

sounds like they may have routing/firewall issues then, probably the isp, if so it won't be down long. late Friday night & Sunday is the best day to upload new rulebase or reboot routers & firewalls without the required sign offs. edited - it's not up for me, wakefield, UK. It's pinging ok though. edited 2 - it came up after a couple of mins, very slow.

just like the GDP stats & indeed all the stats, they surpress them for sooooooooooooo long that when they finally have to let the real figures out, we get those huge & unexpected jumps. Just look at the Uk GDP actaul & forcast stats for the last 6 months.......I told Mrs GOM that GDP would drop like a stone shortly, then voila, we get the revised forcast figures. Remember the +0.1, +0.1 etc, when eurozone was showing minus figures, & that's exactly why the Uk ALWAYS gets hit the hardest, because we lie & fudge & fiddle the stats the most. They did exactly the same wrt to hpi in 2006/2007, that's why the TA's keep getting a lot of there guestimations wrong. TA only works when the system is working properly, but the system is broken at the moment. the UK socially & UK plc is totally fooked for about 20 years, apart from the things we are always top in, when compared to mailand eurozone: fighting drinking teenage pregnancies stupidity we will always reign supreme at these.

every time I watch, they appear to tell some lies on almost every comment they make. A decent reader of people would not trust people with body language & facial expressions like these guys have. Don't you think it's great that we get to be part of & witness this huge change in world financials/currency/politics ? I do.

nope, that will just confuse things imo. Sometimes you just have to use gut feeling & experience & ditch the charts. Edited to add - perhaps the gold charts are ok though. I heard that Mr Hoover used TA experts a lot in 1929. Here's what he said in Dec 1929: "I am convinced that through these measures we have reestablished confidence." - Herbert Hoover, December 1929" :lol: just think Paulson & Co my favourite link of all time yes,I know I post it every month or so. ps -this is just me posting my anti-TA stuff (in the current climate), not directed against you tinecu.

I hope I NEVER get stuck in a lift with the 'exponential' crew.

wheely nice? ps - where have ya bin ?

ignore

where's your santa hat GF? you can't put it on then take it off, it's confusing my seasons.

the same group of people who have predicted eveything that has happened so far, & who are by far the only realists in a surreal environment. the media is almost totally controlled imo........

yes, it concerns me just how dumbed down people have become........very stepford. We will be punished for this type of free thinking at some point in our lives.

I only say things like this to p1ss the greedy off or to help those that might listen, phrased accordingly . The ratio seems to be about 99 to 1 so far in my life in the UK, apart from the year I lived in Brittany, met some very nice, hard working people.

you have to pass the test first. tell at least 3 random strangers that house prices will crash by 90% at worst & the depression is coming & WILL be worse than the 30's. I kid you not My sandwich board is ordered.

too late now GF, I have been in the nutter club for well over a year & you were there before me.

I'd rather not say as he asked me to keep the fact that he dealt in coins & bars quiet tbh, his exact reference was connected to gypsy's & them finding out, although I suppose owning a jewellers will always have that sort of thing connected with it, as it goes with the turf. He has been collecting & dealing in gold for a long time, so he told me. he also showed me some of the smaller bars. He also deals in silver.

I definetly believe gold is a great investment (medium/long term) it was more about why he can & is willing to sell them fairly cheap. I didn't realise he sold them tbh, but I suppose it's a trust thing, I mean how do you verify they are what they should be. You always tend to trust large companies over the corner shop for purchases of this nature ? edited to add - I looked on wiki for info on them, as I noticed that they had 'fine' gold rather than pure gold & didn't have the .9999 stamp on them, I can see why now: krugerrands

are Krugerrands at £480 for a 1oz coin, at yesterdays spot price, a good buy ? I think so, but can't work out why my local jeweller would be happy with this amount. I am presuming because he thinks gold is at the top right now and he probably bought a few years ago. I asked him straight about the pog & the impression he gave was that he feels it will crash. Lot's of 1970's references.

you been on your hols again WM ? or mining for GOLD ? lots of inflationary type things happened whilst you were away, apart from the expected pre election oil dip of course.

I don't think it worked Wren. edited - stop editing your posts, otherwise it makes my comical replies look sh1te.