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Old 05-27-2011, 08:45 AM   #51
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that's quite a source
Yeah almost as bad as DWB quoting a Canadian news source, based on a Reuters story, about a six month old report created by the U.N. regarding U.S. economics

Luckily the Dow Jones charts don't change from news source to news source.

But go ahead and be afraid of the dollar collapsing based on a U.N. report whos department is headed, and controlled by, a Chinese born and bred diplomat, and former Chinese ambassador: Sha Zukang - He's also known as Chinas John Bolton.

It kinda sucks that a Canadian news source would help propagate militant Chinas agenda against the U.S. but Canada is losing money too. Strange bedfellows. Well that's your education for the day. Back to work here

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Old 05-27-2011, 08:59 AM   #52
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Yeah almost as bad as DWB quoting a Canadian news source, based on a Reuters story, about a six month old report created by the U.N. regarding U.S. economics

Luckily the Dow Jones charts don't change from news source to news source.

But go ahead and be afraid of the dollar collapsing based on a U.N. report whos department is headed, and controlled by, a Chinese born and bred diplomat, and former Chinese ambassador: Sha Zukang - He's also known as Chinas John Bolton.

It kinda sucks that a Canadian news source would help propagate militant Chinas agenda against the U.S. but Canada is losing money too. Strange bedfellows. Well that's your education for the day. Back to work here

You're the only one pretending that inflation adjusted, the dow is actually up right now lol. Also you'd be dead wrong, as usual. It's up because of quantitative easing, aka artificial growth. But yea, keep your money there see what happens
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Old 05-27-2011, 09:02 AM   #53
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good thing I held on to some Euros when I was in Italy a few months back
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Old 05-27-2011, 09:02 AM   #54
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It's up because of quantitative easing, aka artificial growth. But yea, keep your money there see what happens
I agree a lot with what Marc Faber says on this (May 25th).......

http://www.bloomberg.com/video/70183756/
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Old 05-27-2011, 09:59 AM   #55
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Impending Collapse of the Gold Bubble

Here is a link to a pretty in-depth article concerning the price of gold for your enjoyment:

Click here for link.

No Fear, Just Knowledge!
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Old 05-27-2011, 11:40 AM   #56
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Yeah almost as bad as DWB quoting a Canadian news source, based on a Reuters story, about a six month old report created by the U.N. regarding U.S. economics

Luckily the Dow Jones charts don't change from news source to news source.

But go ahead and be afraid of the dollar collapsing based on a U.N. report whos department is headed, and controlled by, a Chinese born and bred diplomat, and former Chinese ambassador: Sha Zukang - He's also known as Chinas John Bolton.

It kinda sucks that a Canadian news source would help propagate militant Chinas agenda against the U.S. but Canada is losing money too. Strange bedfellows. Well that's your education for the day. Back to work here

it's an update on a 6 month report.

it kinda sucks that canadian news would report the news? the UN is a world body, and i don't see how your prejudice is relevant to an approved report issued by the UN

anyway, the others posted a bunch of links, so..
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Old 05-27-2011, 11:45 AM   #57
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the dow is actually up right now lol.
Yes, as I said, try and keep up, no actually

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I'll explain it to you like you don't know anything about economics...since 2006 the market is up 11.23%

This shows a level confidence in the American market that existed before the crash began.
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Old 05-27-2011, 11:57 AM   #58
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it kinda sucks that canadian news would report the news?
Ah yes the updated part of the report was where they cut Japans estimated growth due to the tsunami and they BOOSTED their forecast for U.S. gross domestic product growth this year. the sky is falling

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it kinda sucks that canadian news would report the news?
Quote:
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But go ahead and be afraid of the dollar collapsing based on a U.N. report whos department is headed, and controlled by, a Chinese born and bred diplomat, and former Chinese ambassador: Sha Zukang - He's also known as Chinas John Bolton.

It kinda sucks that a Canadian news source would help propagate militant Chinas agenda against the U.S. but Canada is losing money too. Strange bedfellows. Well that's your education for the day. Back to work here
Weird, first you insult me, then I post info, then you mis quote me. 2nd person to mis quote me about this. Where is the honest discussion and debate? oh wait, never mind lol
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Old 05-27-2011, 12:11 PM   #59
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i don't believe i have insulted you. i apologize if you feel that i have

furthermore, the article is written by someone in the UK

Last edited by _Richard_; 05-27-2011 at 12:12 PM..
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Old 05-27-2011, 12:14 PM   #60
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Here is a link to a pretty in-depth article concerning the price of gold for your enjoyment:

Click here for link.

No Fear, Just Knowledge!
Using this writer's own graphs we're in the "media attention" phase. Looks like there's a big run up to ensue, that will last years. Yes, there will be a time to sell, but it isn't now.






On the flip side: China added 93 tons of gold from Jan to April, a 55% increase from last quarter and became the world's largest consumer of gold. Seeking Alpha does have some good writers, but I'd bet on China over them any day.

Chinese set new standard in buying gold
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Old 05-27-2011, 12:16 PM   #61
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Yes, as I said, try and keep up, no actually
The fact that you attribute this to confidence as opposed to inflation and artificial growth shows us exactly how little understanding you possess.
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Old 05-27-2011, 12:34 PM   #62
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The fact that you attribute this to confidence as opposed to inflation and artificial growth shows us exactly how little understanding you possess.
Sweet looks like I'm in good company.

5.26.2011 Brazil stocks rise after U.S. confidence data

5.27.2011 Consumer Confidence Boosts US Equity Markets

4.20.2011 Forex News – U.S. Earnings Boost Confidence, As Markets Recover

1.25.2011 Consumer Confidence Index jumps in January

Of course you'll make up some reason why
the NYTimes, Forex, WSJ, Nasdaq.com, foxbusiness, cnn, the financial times, etc.
are all wrong. After all, it's a conspiracy and America is
on the brink of destruction!

I'm out filming the rest of the day, enjoy
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Old 05-27-2011, 12:43 PM   #63
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i don't believe i have insulted you. i apologize if you feel that i have

furthermore, the article is written by someone in the UK
It's all good here thanks for that.

Patrick Worsnip works for reuters in NY covering the U.N. He could be British but he's been living in NY and covering the U.N. there for years, he's not in the U.K.
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Old 05-27-2011, 12:49 PM   #64
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or a few more floods you mean..
Indeed.

I read an interesting article a few months back about how the world is only a few more large natural disasters from a food crisis.

Don't know what food prices are in the US or Europe right now, but they are rising in Asia fairly fast. Everything here is rising, be it due to inflation or lack of product due to natural disasters, it's all going up. Even the cost of my razors just went up a little over $1 dollar within the past few months.
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Old 05-27-2011, 12:58 PM   #65
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China is buying all the gold to help stop the manipulation of golds value.

Gold has crashed before... don't think it can't happen again.
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Old 05-27-2011, 12:59 PM   #66
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They've been afraid of the dollar failing since the early 2000s We'll see what happens, but I'm not going to cry doom unless we start seeing stronger indicators.
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Old 05-27-2011, 01:00 PM   #67
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It's all good here thanks for that.

Patrick Worsnip works for reuters in NY covering the U.N. He could be British but he's been living in NY and covering the U.N. there for years, he's not in the U.K.
well, written by someone for a newspaper based in the UK, in any case.

my point was now you have two 'strange bedfellows' that are simply reporting news

freedom of expression.. and all that
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Old 05-27-2011, 01:05 PM   #68
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Indeed.

I read an interesting article a few months back about how the world is only a few more large natural disasters from a food crisis.

Don't know what food prices are in the US or Europe right now, but they are rising in Asia fairly fast. Everything here is rising, be it due to inflation or lack of product due to natural disasters, it's all going up. Even the cost of my razors just went up a little over $1 dollar within the past few months.
next year it will start i think.. i am still hearing of flooding in different areas, most farm communities. think it will only hit the fan if it here is fuel price issues at the same time
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Old 05-27-2011, 01:32 PM   #69
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One world currency just around the corner.
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Old 05-27-2011, 01:35 PM   #70
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next year it will start i think.. i am still hearing of flooding in different areas, most farm communities. think it will only hit the fan if it here is fuel price issues at the same time
We had a shortage of sugar a few months ago due to floods. Palm oil too. There was some fighting breaking out in rural areas for a while over it. Then in some areas that have been growing rice for 100s of years hasn't seen a drop of rain in a long time and can't grow anything. To make matters worse, some other farm areas who have drilled water well to irrigate their land, are running out of WATER.

Doesn't take a rocket scientist to see what's coming down the road.

IMHO, the rise and fall of currency is the least of our problems.
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Old 05-27-2011, 02:09 PM   #71
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Don't know what food prices are in the US or Europe right now, but they are rising in Asia fairly fast. Everything here is rising, be it due to inflation or lack of product due to natural disasters, it's all going up. Even the cost of my razors just went up a little over $1 dollar within the past few months.
Hookers are still the same price as 10 years ago in TH, while they got way more expensive in Europe. Strange ////
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Old 05-27-2011, 02:14 PM   #72
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I just got back from New Zealand and the food prices were out of sight. $20 for a cheeseburger, fries and coke......same for breakfast. $30-50 for dinner, even a Chinese dinner.

Hotel room prices were about same as in USA and gasoline was about $1.70 a litre.
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Old 05-27-2011, 02:54 PM   #73
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Sweet looks like I'm in good company.

5.26.2011 Brazil stocks rise after U.S. confidence data

5.27.2011 Consumer Confidence Boosts US Equity Markets

4.20.2011 Forex News ? U.S. Earnings Boost Confidence, As Markets Recover

1.25.2011 Consumer Confidence Index jumps in January

Of course you'll make up some reason why
the NYTimes, Forex, WSJ, Nasdaq.com, foxbusiness, cnn, the financial times, etc.
are all wrong. After all, it's a conspiracy and America is
on the brink of destruction!

I'm out filming the rest of the day, enjoy
lolwut?





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Old 05-27-2011, 03:07 PM   #74
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Seeking Alpha does have some good writers, but I'd bet on China over them any day.
China is not the only central bank aggressively acquiring gold. No problem listening to central banks which are very serious entities but youd also look at the views taken by regular banks, most of which support higher gold prices or at least they do on a two year view in most cases.

http://www.moneynews.com/StreetTalk/...5/10/id/395785
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Old 05-27-2011, 03:22 PM   #75
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lolwut?


What does trailing PE ratio have to do with anything? price of stock is based on future income and growth, not on trailing income...

if anything, relatively high PE ratio in this graph suggests expected high growth rate in the future...
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Old 05-27-2011, 03:26 PM   #76
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Hookers are still the same price as 10 years ago in TH, while they got way more expensive in Europe. Strange ////
Some gogo girls have gone up a little, but freelancers haven't changed for as long as I've been coming here. That is strange. I guess pussy is inflation proof.


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I just got back from New Zealand and the food prices were out of sight. $20 for a cheeseburger, fries and coke......same for breakfast. $30-50 for dinner, even a Chinese dinner.
Nuts. Those were just normal places?
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Old 05-27-2011, 03:39 PM   #77
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Old 05-27-2011, 03:42 PM   #78
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Ever heard of too big to fail?

If we collapsed, the entire world would be fucked in the ass. No aid to about 140 nations of the world that depend on it. No trade with the top 8 nations that depend on it.

China, the Middle East, Japan, Asia for that matter... would all be back in the dark ages.
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Old 05-27-2011, 03:45 PM   #79
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Ever heard of too big to fail?

If we collapsed, the entire world would be fucked in the ass. No aid to about 140 nations of the world that depend on it. No trade with the top 8 nations that depend on it.

China, the Middle East, Japan, Asia for that matter... would all be back in the dark ages.
Not really, if we collapsed, China would have a few hard years and emerge stronger than it ever could imagine because it's not bogged down by our debt in their vaults.
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Old 05-27-2011, 03:49 PM   #80
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I just got back from New Zealand and the food prices were out of sight. $20 for a cheeseburger, fries and coke......same for breakfast. $30-50 for dinner, even a Chinese dinner.

Hotel room prices were about same as in USA and gasoline was about $1.70 a litre.

Yes, they were just normal places....as far as I could tell.

I remember like $45 NZD for a buffet dinner of typical NZ food.
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Old 05-27-2011, 04:16 PM   #81
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lolwut?




LOL @ Agora Financial. These guys have been the publisher of choice for every doomsday newsletter / guru / author since I started in investment banking in 1985.

Porter Stansberry, James Dale Davidson, et al and Agora are not lily white either:

http://pacer.ca4.uscourts.gov/opinion.pdf/081037.P.pdf
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Old 05-27-2011, 04:19 PM   #82
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Not really, if we collapsed, China would have a few hard years and emerge stronger than it ever could imagine because it's not bogged down by our debt in their vaults.
What does bogged down by our debt in their vaults mean?

Oh the burden of clipping those coupons.

.
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Old 05-27-2011, 04:32 PM   #83
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There is going to be no sudden collapse of the US dollar. If that happened, many countries around the world would have to declare martial law to due mass riots, protests, looting, etc. Governments aren't going to let that happen.

All that's going to happen is a gradual and slow squeezing of the middle class around the world, which has been happening for decades. "Cooking oil went up by 8%? That's ok, I can still afford that", type of thing. That's what will continue happening.

There'll be no sudden change in anything. Governments can't afford to risk that big of a change, especially with the volatility right now. The people in control aren't stupid, and they know what they're doing. There's going to be no large sudden changes until they're 100% confident the general populous is weak enough to the point they can't revolt, hence the continuous and gradual squeezing of the middle class.
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Old 05-27-2011, 04:43 PM   #84
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Why do I find the image of the Chinese emporer fucking the Statue of Liberty a little disturbing?
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Old 05-27-2011, 05:08 PM   #85
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Oh noes I guess that means all agora charts are fake rofl. Stil waiting for the evidence that when adjusted for inflation, the market has increased since 2000.
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Old 05-27-2011, 05:14 PM   #86
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Old 05-27-2011, 05:22 PM   #87
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June 2010 dollars lol? And the numbers have tanked since Obama has been elected. Not exactly what you wanted to prove eh?
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Old 05-27-2011, 05:32 PM   #88
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I' I'll take the Bush economy Back in a heartbeat!
people do generally prefer being at the beginning and peak of a bubble economy.

it's cleaning it up after the bubble bursts that sucks.

using houses and mortgages as the basis of a bubble was a mistake that is going to be hurting us for some time yet.
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Old 05-27-2011, 05:33 PM   #89
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June 2010 dollars lol? And the numbers have tanked since Obama has been elected. Not exactly what you wanted to prove eh?
Yeah? It's only 2011.... add the few %'s on for this year, now it looks like all the other years - almost matching.

Obama was elected in 08.... as we can see, nothing has tanked.

What did I say I was proving? You asked a question... you wanted a graph to show growth and that's what that chart shows. We can look at 2011 as well, it has only grown more.
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Old 05-27-2011, 05:39 PM   #90
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Yeah? It's only 2011.... add the few %'s on for this year, now it looks like all the other years - almost matching.

Obama was elected in 08.... as we can see, nothing has tanked.

What did I say I was proving? You asked a question... you wanted a graph to show growth and that's what that chart shows. We can look at 2011 as well, it has only grown more.
there's no growth lol, if anything the dollar has tanked a lot the past year. Also I didn't say there's a connection between Obama and stock market going down just saying nice coincidence.
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Old 05-27-2011, 05:42 PM   #91
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The people in control aren't stupid, and they know what they're doing. There's going to be no large sudden changes until they're 100% confident the general populous is weak enough to the point they can't revolt, hence the continuous and gradual squeezing of the middle class.
sounds accurate enough, altho that "control" probably isn't as complete and well thought out as one might think, and chaotic events and sudden crisis could still make all the people in control look like fools.

take the arab spring of rage for instance - that the underemployed young adults of the arab nations would eventually revolt was predictable, but that it would happen this year still surprised the sovereigns.
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Old 05-27-2011, 05:47 PM   #92
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there's no growth lol, if anything the dollar has tanked a lot the past year. Also I didn't say there's a connection between Obama and stock market going down just saying nice coincidence.
No growth if you ignore everything and just claim no growth... then sure, no growth.

The dollar has tanked. That was pretty much was set to happen from the early 80's on but it became unstoppable once Bush unloaded 4 trillion into the cash flow, it was only a matter time before it dropped then.
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Old 05-27-2011, 05:52 PM   #93
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No growth if you ignore everything and just claim no growth... then sure, no growth.

The dollar has tanked. That was pretty much was set to happen from the early 80's on but it became unstoppable once Bush unloaded 4 trillion into the cash flow, it was only a matter time before it dropped then.
or when Obama unleashed his epic fail stimulus. Also no, look at the chart again.
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Old 05-27-2011, 05:56 PM   #94
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or when Obama unleashed his epic fail stimulus. Also no, look at the chart again.
Yeah all 400 billion killed us... but the 1 trillion Bank of America got under Bush didn't do anything.....

Aye I see the chart - it looks like Obama's stimulus stopped the major drop.
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Old 05-27-2011, 06:01 PM   #95
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Yeah all 400 billion killed us... but the 1 trillion Bank of America got under Bush didn't do anything.....

Aye I see the chart - it looks like Obama's stimulus stopped the major drop.
LOL at 400 billion. Delusions and rationalizations Ftw
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Old 05-27-2011, 06:06 PM   #96
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Minimize your exposure to cds, stocks and bonds that tie up your liquidity.

Invest in tangible goods that will hold their value and appreciate when the dollar falls such as cases of good whiskey. No matter how bad it gets, alcohol will always be a valuable commodity as means of escape and medicine. Don't buy overpriced and hyped brands, just good solid brands like Johnny Walker, Jim Beam, Southern Comfort. Be sure to store the crates properly.

Be aware of the inflated gold/silver bubble as the price of precious metals could collapse as well during a worldwide financial meltdown. Speculation has lead to the price increases, not that there is reduction in supply or mining has slowed.

Work to become debt free. First, eliminate any variable interest loans that you might have. Next, pay off any mortgages asap. Go to operating on a cash basis as much as possible. If you use credit cards, don't carry a balance.

Also, start securing your homestead with unbreakable storm doors, alarms, hidden safes, choices of weapons and ammo, emergency supplies and take some weapons handling and first aid courses. If possible, insure your access to fresh water by drilling a water well on your property or buying a still.

And these suggestions are just a beginning if you believe the economy is going to meltdown.

No Fear, Just Knowledge!



If you're readying yourself for a dollar failure scenario, why pay off all of your dollar debts? If the dollar falls.. and you owe your debts in dollars... will you not get anything you owe dollars on nearly for free?
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Old 05-27-2011, 06:41 PM   #97
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If you're readying yourself for a dollar failure scenario, why pay off all of your dollar debts? If the dollar falls.. and you owe your debts in dollars... will you not get anything you owe dollars on nearly for free?
Actually, the opposite. Your debt amount doesn't go down, only the value of the currency. $1000 debt is still $1000, but it would be more of a burden to pay off any debts, since your purchasing power is much less.
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Old 05-27-2011, 06:48 PM   #98
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Especially if you have a variable interest loan and the rates go up to 25-30%.

Then you are screwed big time.
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Old 05-27-2011, 07:04 PM   #99
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LOL at 400 billion. Delusions and rationalizations Ftw
Yeah, it's probably 400 billion total spent now with 150 billion in action, but up to the end of last year it was only like 300 billion spent (or so). I can't see it being that much more already. From what I understand, it wont all be spent now.... the States mismanaged the funds so badly, some of it was pulled.

Now if you thought it was more that than... it's not. The numbers are on several political fact/check sites and I think the gov even has a website that publishes the numbers.

By those charts, his stimulus package reversed the drop... or him simply becoming President was so powerful that it alone stopped the drop.
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Old 05-27-2011, 07:18 PM   #100
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Redrob is telling the truth.
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