www.CostaRicaTicas.com

Man this has got to be one of the most depressing things I have read on the economy but it has a happy Costa Rica kind of ending !!

http://www.financialsense.com/fsu/edito ... /1023.html

_________________
"Run silent, run deep"
Spunk glazed Chicas are the building blocks of the universe!

The fact that his approval rating is that high says that 27 percent of the population has their head so far up their own, or someone elses asses that they still can't see anything other than what's fed to them.

Some great posts here recently. Thanks, I appreciate them. I'm very, very interested to see what this emergency OPEC meeting will bring. Yes, it is already well known that they are going to cut production anywhere from 1 to 2.5 million bpd. But what else? Hegemony of the dollar in jeopardy? I have my eyes fixed on that meeting. It's just amazing how quickly this agenda for a one world currency, one world government is moving forward.

Earlier in the thread, we discussed the Amero. Some disagreement as to if it was real or urban legend. I revisited one of my ATF youtube vids and came across this video. This is part 3 of 8. I HIGHLY, HIGHLY, HIGHLY recommend watching the entire 8 parts. Around 2:00 of part 3, the Amero is discussed. This interview, BTW, is over 2 years old.

http://www.youtube.com/watch?v=GaOj-rOGZFE

dapanz1

Debt is a four letter word. Life as we know it will continue. Worst case scenario is a card board box on the streets of San Jose with a young chica that likes to take it up the ass so long as there is ample pixie dust to go around. Better case scenario is north of the worst case scenario. But I could live with either. YMMV Pura Vida

I think I will buy a million dinars

Interesting.....check out this 20 chapter course....it is worth your time to go thru it all. At the end all I can say is "fumble"..... :? . I really have to laugh in a way at all my false values I have collected thru my life .
In the end the game is "over" no matter what we win or what we lose. It really does come down to having enjoyed the game of life & being able to laugh at it all no mater what....

http://www.chrismartenson.com/crash-course

Enjoy

_________________
"Run silent, run deep"
Spunk glazed Chicas are the building blocks of the universe!

Rio, I agree with you completly relative to gold. What are your views on the merits of buying gold stock? I hold some Kruggers, but have an aversion to buying more actual gold.

Rio, if it ever came to having to depend on using gold for money, the stocks won't pay the bills. You would need the actual hard currency. Stocks are just certificates (paper that is worthless), showing ownership. But, if calamity occurs, ownership of what? Nothing.

dapanz1

TheMadGerman I could not agree with you more.

Years ago (1966) I was hitchiking in the rain south of Lubbeck Germany. I had a US flag on my rucksack because Europeans liked to pick up American so they could talk about the war. The biggest Mercedes Benz I had ever seen stopped with a German businessman in his late 70's or so driving. As we drove through the night we first talked about the Vietnam War and then WWI and WWII. The businessman told me that his family saw WWI coming and sold all their factories and put everything into cash. After the war the cash became so worthless that he took a wheelbarrel of it to the corner grocer to buy food. While he was inside he was told the price for eggs had gone up since that morning and he went out to get more money from the wheelbarrel and discovered that someone had dumped out the money and stolen the wheelbarrel! His family lost everything he told me, but after a lot of effort they rebuilt their fortunes and had four factories at the time of WWII started to develop. He told me that once again his family saw it coming and they had learned from their past mistakes and this time they sold all their factories, apartment houses and other buildings and they bought good farm land because "buildings can be blown up and destroyed, but good soil will always be productive and have value even if currency did not." As we drove through the night there was a long silence and then he said, "the land was all east of the Elbe" It took a while for that to register and before I could say anything he said, "but we worked hard and the family has been successful again." I'm not sure what the moral to this is or who the family was, but I have never forgotten that exchange and I am not sure we can ever truly prepare ourselves for the future.

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The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts.

I'm personally not very optimistic about the economic outlook... well ok, actually quite pessimistic. But if civilization is headed towards a Mad Max ending, I don't see it happening quickly even if the coming hard times turn out to be as bad or worse than the (first) Great Depression.

A few days ago, Studs Terkel passed away. One of his books I will never forget was called 'Hard Times.' www.studsterkel.org You can listen to some of the interviews from people who lived during the Great Depression. As bad as it was, 'civilization' didn't break down. I believe that it will get plenty bad, but that the populace is very far from revolution or anarchy.

On the other hand... (tm) The USA has the best armed sociopaths in the world and a number of people who make a living from them. I'm glad to be living here, where I won't (I hope) be caught in the crossfire.

_________________
"The only normal people are those you don't know very well." Joe Ancis

Bilko, I think that, unfortunately, you have it right. I don't see a lot of hope for the USA long-term. A country builds wealth by making things the rest of the world wants. The ships arriving here are filled, and the ones departing are empty. We now, for the most part, have a service economy (doing each other's laundry). This, I think, is a prescription for reaching the lower economic rungs.

Militarily, we resemble the Roman Empire, which became overextended with expensive military operations going far afield. This is a great way to drain away what wealth we have left.

I am with you, Panther. Have you ever read Chamlers Johnson? He comes to the same conclusion you do.



You can read a lot of it free at
http://www.democracynow.org/2007/2/27/c ... _last_days

Ok, now back to your regularly scheduled program, which is already in progress...

_________________
"The only normal people are those you don't know very well." Joe Ancis

Bilko, thanks for the link to the book, at which I will take a glance.

Things can change FAST!

http://www.nytimes.com/2008/11/09/world ... ref=slogin

_________________
"Run silent, run deep"
Spunk glazed Chicas are the building blocks of the universe!

Dollar Danger Ahead
Posted: Nov 08 2008 By: Jim Sinclair Post Edited: November 8, 2008 at 11:38 pm

Filed under: General Editorial

Dear CIGAs,

The Federal Reserve cannot be the lender of last resort to all nations near and dear and to all major US and international employers. President Obama’s 20 economic advisors will not accomplish anything real. The Federal Reserve under Bernanke has entered dangerous territory that up to now has been the bastion of academics.

As the world turns to the Fed to be bailed out, the question will soon be who will bail out the Fed. The answer is clear - no one. The US dollar is in grave danger due to this shift to so far failed (Japan) academic solutions. In truth, all other solution are failing as well.

This situation is bigger than the US Federal Reserve. The US Federal Reserve cannot accomplish what they have undertaken. If you don’t know that you simply lack a calculator with enough zeros.

The US dollar as the common share of the USA cannot enjoy a bull market while their balance sheet is being torn to shreds.

Gold is a currency, not a commodity. It has always been a currency. Industrial demand is a trivial constituent to the price of gold. There is no question about that. Gold as a currency moves inverse to the US dollar. It has always been so. It will always be so.

Do not fail to protect yourself. You will need every avenue of protection that I have suggested to you.

The US dollar is headed to .72, .62 and .52 on the USDX as a product of the move of the Fed into the “strategy of quantitative easing.”

There is no doubt in the mind of those blessed by understanding that gold is headed to at least $1650.

Order your shares as paper certificates while you still can.

Potential confiscation of retirement plans now being discussed in legislative testimony is the most disturbing scenario I have ever heard.

Consider gold confiscation now a potential whereas it was simply a bad dream before.

Consider that Gold ETFs fit into the confiscation scenario assuming such a draconian act could actually be taken.

Look for juniors that have strong characteristics of selection. These include juniors with strong management with proven track records that are willing to fight for their shareholders, ones with proven resources in the ground, ones that operate in politically sound countries, ones with no derivatives exposure and ones that have internal financing already in place. No we cannot provide you with a list - this is up to you to research on your own.

If I were to construct such a vehicle it would be incorporated outside the USA, do business in a third country and trade outside the USA. Most importantly, the shares should be paper certificated with those certificates in my hands, not the hands of a US brokerage firm.