You decide...1.0
Exclusive: China or one Chinese buyer....
silvergoldsilver at silvergoldsilver - 2 hours ago
just bought ALL OF PERTH MINTS 1 oz Coins. This is not a joke. Contact them for yourself, as my dealer said there is an 80% chance that China just cleared out the perth mint for all of the 2011 1 oz supply, especially the Dragons. IF true, we should be hearing about this from large suppliers shortly.
You decide...2.0
A set from I Am Legend, or a picture from a Queens supermarket taken minutes ago. You decide.Things That Make You Go Hmmm - Such As The Similarities Between The Eruption Of Mount Vesuvius And Government Bond Yields
The reward for lending money to various sovereign governments around the world is ridiculous based on the amount of risk involved in doing so. At one end of the scale you have the juicy 44% yield for lending money to Greece which, let’s face it, is done. At the other end of the scale you can get basically nothing for lending money to the governments with the poorest balance sheets on the face of the planet. Your choices? Japan with its 200% debt-to-GDP and dying economy? Europe, which will likely no longer exist in its present form come the end of 2012 and which has broadened it’s accumulation of debt from the worthless kind issued by Greece to the severely dubious varieties issued by Spain and Italy (with France just waiting to be put into the game)? Or how about the United States? With its $14 trillion (and rising) deficit, it’s bloated balance sheet of toxic assets, its inestimable unfunded liabilities and its paralyzed political process? Some choice. And yet, people continue to flock to these perceived safe havens largely because, over the years, they have become used to doing so. At some point they will figure out that the ‘safety’ offered by government bonds is now a phantasm and when they do, you can be sure their awakening will be felt across the world. As fire and ash billowed into the skies over Pompeii and Herclaneum all those years ago, the terrified citizens below poured into the safety of their cellars where they had always sought protection previously. Only this time it WAS different and the cellars that had always offered them shelter from the storm became their tombs; proving conclusively that what may well have afforded protection in the past, may not do so in the future. Sadly, the 20,000 people living at the foot of Mount Vesuvius found that out the hard way. 1932 years after arguably the most storied of volcanic eruptions in history, at the foot of a volcano that still smoulders but, despite an eruption in 1944, hasn’t had a major eruption since 1631, 700,000 people now reside.(Humorous) Planning For TEOTWAWKI - Single Male and Female Category
08/26/2011 - 19:21
My read on the speech
08/26/2011 - 17:25
GoldSeek's Peter Spina describes bypassing the mainstream media
Jim Sinclair’s Commentary
Has there ever been a darker period in finance?
Some Of Your Taxpayer Assets Will Be Sold Off To ‘Vulture Funds,’ In Case You Were Interested
First Posted: 8/25/11 05:08 PM ET Updated: 8/26/11 10:56 AM ET
Hey, everybody! Time now to check what’s going on with that giant portfolio of foreclosed-upon homes that we, as taxpayers, own. Did you forget that we owned a giant portfolio of foreclosed-upon homes? Because we do. Anyway, the good news is that we may not have this portfolio for much longer. The bad news is that we’ll be relieved of it in one of the worst deals possible.
At any rate, Ken Layne points us to some recent news on that front:
The largest transfer of wealth from the public to private sector is about to begin. The federal government will be bulk-selling the massive portfolio of foreclosed homes now owned by HUD, Fannie Mae and Freddie Mac to private investors — vulture funds.
These homes, which are now the property of the U.S. government, the U.S. taxpayer, U.S. citizens collectively, are going to be sold to private investor conglomerates at extraordinarily large discounts to real value.
You and I will not be allowed to participate. These investors will come from the private-equity and hedge-fund community, Goldman Sachs and its derivatives, as well as foreign sovereign wealth funds that can bring a billion dollars or more to each transaction.
In the process, these investors will instantaneously become the largest improved real estate owners and landlords in the world. The U.S. taxpayer will get pennies on the dollar for these homes and then be allowed to rent them back at market rates.
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August 26, 2011, at 4:29 pm
by Jim Sinclair in the category Jim's Mailbox |
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by Jim Sinclair in the category Jim's Mailbox |
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CIGA Eric
Ramon,
Emotions prevent much of the world from seeing beyond the daily noise.
Eric
Maybe it’s time for the world to review Jim’s formula.
Also, the GLD Puke Indicator (buy signal triggers whenever GLD tonnes in trust drop >1% in one day) flashed two consecutive buy signals, the 23rd & 24th. It’s been incredibly accurate, and the last time a double signal happened was in September of 2008 just before gold rose from about $750 to over $900. It coincides very nicely with your statistical concentration studies.
Source: economicpolicyjournal.com
Cheers,
Ramon
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Moving From One Crappy Paying Job To Another Trend
CIGA Eric
Consumption expenditures as a percentage of GDP, 71.1% as of Q211, have grown steadily since the late 60′s. Rising consumption and falling domestic private investment as a percentage of GDP represent money following the global shift in production from West to East. As long as capital seeks better returns from foreign production, the trend described above will only continue. The middle class understands them as moving from one crappy paying job to another.
Personal Consumption Expenditures (PCE) As A %GDP and Personal Consumption Expenditures As A %GDP Average from 1947
Gross Domestic Private Investment (GDPI) As A %GDP and Gross Domestic Private Investment (GDPI) As A %GDP Average from 1947
Headline: Economy grew at slower 1 pct. rate this spring
The U.S. economy grew at a meager 1 percent annual pace this spring, a slower rate than previously estimated. The downward revision will likely increase fears that the economy is at risk of another recession.
Fewer exports and weaker growth in business stockpiles led the Commerce Department to lower its estimate for the April-June quarter from its previous rate of 1.3 percent growth. That means the economy expanded only 0.7 percent in the first six months of the year.
Economists note that nine of the past 11 recessions since World War II have been preceded by a period of growth of 1 percent or less. The weaker growth could rattle an already edgy stock market, which has lost 12 percent of its value since July 21.
The report shows the economy was barely expanding even before this month’s stock market plunge. Economists worry that the Wall Street sell-off could cause consumers and businesses to pull back on spending and investment.
Stock futures fluctuated mildly after the report was released.
Source: finance.yahoo.com
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