www.CostaRicaTicas.com

I have some future US Govt. pension that I would like to collect also Srlim so I am also a proponent of the state but still scared.

Gold this week past $1140 record high. Also very scary.

America’s mainstream religious denominations used to teach the faithful that they would be rewarded in the afterlife. But over the past generation, a different strain of Christian faith has proliferated—one that promises to make believers rich in the here and now. Known as the prosperity gospel, and claiming tens of millions of adherents, it fosters risk-taking and intense material optimism. It pumped air into the housing bubble. And one year into the worst downturn since the Depression, it’s still going strong.

http://tinyurl.com/yja2ptu is the continuation if you desire a thought provoking perspective....

_________________
"Actual happiness always looks pretty squalid in comparison with the over-compensations for misery. And, of course, stability isn't nearly so spectacular as instability. And being contented has none of the glamour of a good fight against misfortune, none of the picturesqueness of a struggle with temptation, or a fatal overthrow by passion or doubt. Happiness is never grand."
- Aldous Huxley, Brave New World, Ch. 16

Brother Steven1 got it so right! I'd read the article and thought about Posting that link--got Chickenshit 'cuz it's about religion. Glad one of us has cojones.

_________________
"A man accustomed to hear only the echo of his own sentiments, soon bars all the common avenues of delight, and has no part in the general gratification of mankind"--Dr. Johnson
"Amen, brother"-ED

“son never measure your wealth with money “ Robert Duvall --Open Range

I think I will stay with that and not convert to one of these Churches, I guess I am just to old and set in my ways to change

What A JOKE, do your homework……..
It was about a year ago I posted the following set of articles trying to show where we are heading in life and how you needed a large percentage of Gold and silver in your portfolio's.
Gold is up 39% since the beginning of the year.
India just bought 200 metric tons at $1045
China runs commercials advising their citizens to buy Gold and Silver and they have said that they want to have 4000 tons of Gold in their reserves (they have only 1073 now)
The head overseer of the tarp program says the banks are in worse shape now than last year at this time.

Most people are starting to realize that we are going into a depression, that the government and main street media is plain out lying, but they don't quite realize is it is going to get a lot worse than they think is possible.
Gold and somewhat Silver are the only REAL MONEY.
All the major currencies are using QE (printing tons and tons of money) and once countries (AND THEN the big one) when the people lose confidence in the major currencies.......... the system will collapse.
Where do you think the price of GOLD will be then?
Also remember that only semi-collectible PHYSICAL GOLD OR SILVER is really safe, bullion confiscation has happened all throughout history (3 times in the USA)
Now for another Bavaria Gold……….. ok it’s really a miller High Life……. Oh well, hopefully jan/feb 2010 anyway.
Now to refresh your memory: The numbers are a lot worse now.

Posted: Thu Nov 27, 2008 10:00 pm Post subject: OFF Topic: Get Your Checkbook, You Owe $303,053
________________________________________
From: http://www.tickerforum.org/cgi-ticker/a ... post=73060 all charts and graphs are at this link

Death By Numbers

Tuesday, November 25th, 2008.

WARNING: If you can not stand the sight of nuclear explosions, people being pulled limb from limb, or dogs sleeping with cats, then please read no further as the math you are about to see is extremely graphic in nature.

That’s right, death by numbers – as in fiscal suicide – hence forth to be known as committing a “Paulson” (I only wish I could commit Paulson!). You see, math, unlike Freidman economics, is extremely unforgiving. Simply put, MATH IS A [censored] when the numbers work against you! We’re not even talking about upper level algebra here, just plain old simple math. But for this math, ladies & gentlemen, you will need to put your pocket calculator away and tap into your latest Pentium Processor as your little TI-1785 will run out of digits before we even get half way to entering in our first denominator.

First a little flavor…

Yesterday’s close saw the largest two day point gain in history. This caused SRS (2x inverse of commercial real estate index) to lose 50% of its value in basically one trading session plus one hour! It left all of my short term stochastic indicators very over bought – usually a good entry point to go short, but I was careful knowing full well that we may be entering a more positive time frame, the ever elusive eye of the storm, a.k.a. Elliott Wave B up/sideways. The stochastic was overbought on the 5 minute, 15 minute, 30 minute, and 60 minute time frames, perfect for at least a scalp on the short side – so I took a poke at it just before the close. By the time I went to bed the futures were down more than 100 points – Booya baby, bread AND butter!

Oh, I can hear all of you 7th Day Economists thinking, “Evil short seller! Evil short seller!” But, frankly Scarlet… only Chris Cox gives a damn.

Then this morning I eagerly arose, spun up all three computers (now completely necessary to handle the math) and my jaw dropped to the floor with a THUNK when I saw the latest $800 billion headline! WTF, OVER? I regained my composure, and promptly sold my short positions. Now, normally I don’t just fold like a cheap suit, but come on, $800 billion? More?? This left me with only two options; attempt to trade this frenetic market – and probably give back some of my yearly gains, or sit on my hands and spend the day educating people about the horror show that is our economy… So here you go – Death By Numbers!

The latest $800 billion announcement created a new acronym to be added to the alphabet soup… you know, the TAF, the TARP, and now the TALF is the latest to be added in with all the other CRAP.

Here’s what the old ticker machine spat out about the TALF this morning:

*TREASURY SAYS AUTO, STUDENT, CREDIT CARD, SBA LOANS ELIGIBLE
*TREASURY SAYS CONSUMER ABS MARKET `ESSENTIALLY' STOPPED
*TREASURY SAYS TALF WILL IMPROVE ABS MARKET CONDITIONS
*TREASURY SAYS TALF MAY BE EXPANDED TO INCLUDE OTHER ASSETS
*TREASURY PROVIDES $20 BLN FOR CONSUMER ABS LENDING FACILITY
*NEW TALF FACILITY TO AID CONSUMER, SMALL BUSINESS LENDING
*TREASURY ALLOCATES FUNDS FROM TARP FOR NEW FACILITY
BULLET: FED: Federal Reserve says it will initiate program...>
*FED TO LEND UP TO $200 BLN TO INVESTORS IN ABS :FNM US, FRE US
*FED SETS UP TERM ASSET BACKED SECURITIES LOAN FACILITY :FNM US
*FED TO BUY MBS THROUGH ASSET MANAGERS, STARTING BY YEAR-END
*FED TO START BUYING GSE OBLIGATIONS NEXT WEEK :FNM US, FRE US
*FED TO BUY DIRECT GSE OBLIGATIONS THROUGH PRIMARY DEALERS
*FED PURCHASES OF GSE SECURITIES TO BE OVER `SEVERAL QUARTERS'
*FED SAYS SPREADS ON GSE DEBT HAVE `WIDENED APPRECIABLY'
*NATE SAYS PAULSON IS AN IDIOT, DOESN’T KNOW MATH – OCCAM’S RAZOR
*NATE SAYS PAULSON AND CENTRAL BANKERS COMMIT LARGEST HEIST IN THE HISTORY OF MANKIND – ZEITGEIST

So, I get to THANK HANK for ruining what was probably the perfect short entry. Thanks Hank, you’re a true… ahhh, patriot! Yeah, that’s the ticket… a patriot who is actually a traitor who deserves to be swinging from the yardarm! But I digress; we are here to talk about math. Let’s start by wrapping our minds around a trillion dollars… Rev up those Pentiums!

A TRILLION DOLLARS: $1,000,000,000,000

That’s twelve, count them, twelve zeros! Move your cursor over the little Microsoft flag, select All Programs, Accessories, then Calculator if you want to play along. It’s easy, just type in a 1 and then count to twelve while you pound the **** out of the zero key! That’s it, calming isn’t it?

Okay, let’s go through a little math exercise: Let’s say that you are standing next to a huge pile of dollars bills ($1 trillion) and in front of you is a bonfire. Now let’s say that you are going to reach over to that pile and throw a dollar bill into that fire at the rate of $1 per second. How long do you imagine that you’ll be standing there throwing dollar bills into that fire? Five years? Ten years? Thirty years? Will you get done before you die? How about before your K*ds die? Their K*ds?

To calculate an answer, let’s start by determining how many seconds there are in a year, that will tell us how many dollars per year get tossed into the fire and then we can divide a trillion by that number to come up with the number of years. Sound simple? It is truly easy math, you just need a calculator large enough!

There are 60 seconds in a minute = 60

There are 60 minutes in an hour… 60 x 60 = 3,600 seconds per hour

There are 24 hours in a day… 24 x 3,600 = 86,400 seconds per day

There are 365 days per year… 365 x 86,400 = 31,536,000 seconds per year

Okay, now we’re getting somewhere! Now we take 1,000,000,000,000 and divide by 31,536,000 to come up with… 31,709.79 YEARS!

That’s right; you would be standing there for nearly 32,000 years tossing bills into the fire.

Now, if you are being charged interest at the rate of 5% per year, you will need 1,585 of your friends standing by your side tossing bills in with you for ETERNITY, JUST TO PAY FOR THE INTEREST.
Oh yeah, sure… we could stack ‘em to the moon, drive 100 miles by a stack of dollar bills 4 feet high, etc., but you get the idea. It’s an enormous amount of money.

This is where the 7th Day Economists jump in to remind us all that, “They said the same doomish stuff about a billion dollars 20 years ago, and when you compare it as a percentage of GDP it’s not that bad!”

Seriously, someone in this conversation has an Alice in Wonderland fantasy in their head – and guess what? IT’S NOT ME. How long ago was it that the entire world was making fun of how much money our military spent on the B-2 bomber? Remember that? The joke was that it stood for the $2 billion bomber! We couldn’t afford them then and now $2 billion sounds like a JOKE compared to the type of figures we’re throwing around just a few relative years later. That type of number growth – from talking billions, to talking trillions – is HUGE. It’s GIGANTIC, in that is shows that the number game of money has truly gone PARABOLIC. If you follow my writings, then you know what happens to all parabolic curves (they collapse under their own weight).

So, yesterday the media finally added up all the money and guarantees promised in all the alphabet soup programs in the past year. The tally? More than $7.7 trillion! And this morning we learn we get to add another $800 billion for a new total of $8.5 trillion!

$8.5 trillion! How much money is that? Well, the 7th Day Economists say, “it’s only a little more that half a year’s GDP!”

And here’s my response to that: Yes, but let’s get out our calculators, shall we? Let’s divide $8.5 trillion by the size of the entire population of the United States…

$8.5 trillion divided by 305,160,073 (current as of today) = $27,854 FOR EVERY MAN, WOMAN AND Ch*ld IN THE UNITED STATES.

For my family of four? That’s $111,416! Let me ask you this? Can the average family support that debt? If the answer is no, where do you think this all ends? But wait, that’s just the debts and obligations of the recent alphabet soup.

And before I get too far, I want to remind people that when it comes to comparisons to GDP, my bull**** flag is flying a mile high! WHAT DOES DEBT HAVE TO DO WITH GDP ANYWAY? The answer is NOT A DAMN THING! There is NO relationship, no tie whatsoever between debts and GDP and to make that comparison is pure ALICE IN WONDERLAND.

Here’s the same Alice in Wonderland argument, but in a different way: Let’s say that you live in a neighborhood of 100 homes. You and your spouse earn $100K per year (which is way above average). In addition to the $500k you owe on your house, you owe another $1,000,000 on credit cards! But you say, “in comparison to the GDP of my entire neighborhood, that $1 million is just a drop in the bucket so it doesn’t matter!

HUH? You owe a million bucks in unsecured debt but only earn one tenth that? How does that compare to the output of your neighborhood? It doesn’t!

Now let’s go back to the U.S. and our debt to GDP comparisons. Our nation’s businesses and people, NOT OUR GOVERNMENT, create about $13.5 trillion per year in economic activity (as measured by phony government statistics). But our government only takes in about $2.7 trillion per year in taxes or INCOME. Thus, Paulson and company have just committed the people of the United States to 3.14 years (Oooo, Pi) of INCOME down the drain, and that’s without interest.

Back to our neighborhood… if your personal debts exceed your ability to service those debts, there’s a term for that, it’s called BANKRUPT. It certainly doesn’t matter how much your neighbors PRODUCE, or even how much they EARN, it is YOU who is responsible for your debts. What matters is DEBT to INCOME, not DEBT to PRODUCTIVITY.

Did I mention that there are TWO and only TWO ways to pay back debt? That’s right, you can pay it back (with interest) or you can DEFAULT. That’s it.

Now, let’s really get into the scary math. No, we don’t want to talk about derivatives yet, we have to work our way up to that! Let’s continue to talk about debt.

ADDING UP THE DEBTS:

The following site keeps track of the nation’s CURRENT account deficit.

http://www.brillig.com/debt_clock/

This is the number that is NOT based on GAAP accounting standards. You know, Generally Accepted Accounting Principles… the ones that your government requires you to adhere to but refuse to use themselves? Yep, that’s that one. GAAP accounting includes ACCOUNTS PAYABLE. For the U.S. that would include little things like Social Security and Medicare, but we’ll get to that in a minute. Here’s the latest from the debt clock site:

U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 25 Nov 2008 at 08:12:50 PM GMT is:

The estimated population of the United States is 305,160,294
so each citizen's share of this debt is $34,968.08.

Uh, huh. Count the digits, there’s twelve of them following that 10! And, as you can see, the CURRENT account deficit is now up to basically $35,000 per man, woman, and Ch*ld. When you add that debt to the debt that was just produced by all the alphabet soup programs (yes, a little of it is already in this number, but not much), the total is now up to $62,822 per man, woman, and Ch*ld, or $251,288 for my family of four.

If you prefer to see the debt in chart form, here it is in all its beauty directly from the Fed:


Can you say, “parabolic?” Yes, I thought you could!

Oh, here’s a good one… note what’s been happening to the Federal Debt held by the pigmen (oops, did I use that term? I meant to say the banks that are actually privately owned, and not actually owned by the Fed. They are Fed in name only).



Federal Debt Held by Federal Reserve Banks: Hmmm… their Federal debts are going down while the nation’s debts are going up. Hmmm…

Okay, well our own Federal banks hold a half trillion in debt… gee, I wonder how much foreigners hold of our debt?



Ah ha! Foreigners hold nearly SIX TIMES the debt as our own “Federal” banks – niiice. So, we’ve established that this curve shape is parabolic, what happens to parabolic curves? Uh huh, that’s right! And what do you think will happen when this parabolic curve collapses? Think about it.

But I digress.

Now it’s time to talk about the future obligations of Medicare and Social Security. Before I get into the numbers, YES, WE CAN simply eliminate those programs and make them go away. WILL WE? YES, WE CAN cut our military spending in half to get back within some level of sanity… after all, we do spend MORE MONEY ON OUR MILITARY THAN THE REST OF THE WORLD COMBINED. But WILL WE? And again, who is the insane one in this fantasy that unfortunately is no fantasy at all?

Conservatively our own government admits that the obligations of Medicare and Social Security add up to about $56 TRILLION with Social Security being the much smaller problem of the two at “only” about $10 Trillion. Heck, President Bush spent more than $13 trillion with one signature when he signed Medicare Part D into law! By the way, when others calculate these obligations, they come up with numbers as high as $100 trillion, but let’s stick to the more conservative $56 trillion number, okay?

Now we’re talking some serious numbers, 56 followed by twelve zeros. Do the math, that adds another $183,510 for every man, woman, and Ch*ld in the United States!!

Add that figure to the previous and now we are up to $246,332 for every person or $985,328 for my family of four.

Guess what? We have yet to even discuss personal or corporate debts. Do we want to go there? Okay, what the heck, I’m a glutton for punishment, let’s go…

Here’s a chart showing the liabilities of the household sector. In other words, personal debts. Note the little hook at the end, this figure just stopped growing.



Gee, that’s a BIG number and yet another parabolic chart! That would be about $14,000,000,000,000! Count the zeros, YEP, that’s 14 more trillion that the people of the United States are obligated for. Guess what, it’s the same 305 million people who owe it all. That’s another $45,901 for every person, bringing the total now to $292,233 per person.

Now, let’s talk about corporate debt. Yes, the same 305 million people are ultimately responsible for corporate debt too. Their debts, like all debts can be repaid in two and only two ways.

Below is the latest chart from the Fed… oops, they stopped keeping track of the number back in 2002, gee, I wonder why? And note that it doesn’t include the debts of the financial sector!! What is the shape of that chart? Oh yeah, it’s parabolic too!



Let’s just be ultra-conservative and go with the figure on the chart. That’s another $3.3 trillion in debts or about $10,820 per person.

This brings the total debt in America up to an astonishing $303,053 per person, or $1,212,212 for my family and every other family of four in America. Can the average American family support this debt AND continue to produce enough to make headway?

The answer is clearly NO! The average American family cannot even service the INTEREST on their portion of the debt, let alone pay for food and clothing on top of it.

Now, you will say that there may be overlapping debts in there and that, ha ha, we might even “make money” on the crap the Fed is taking in (ha, ha, good one), and you say, that that figure includes futures obligations that the government will simply choose not to pay in the future. Okay, cut the figure in half… it’s still completely unmanageable! The math simply doesn’t work.

You can argue that we can grow our way out of it all you want, but math does not lie. The rules of economics are immutable, just as are the rules of physics and math. Now, let’s talk about the really GIANT numbers, the numbers of the shadow banking system.

DERIVATIVES:

Three decades ago modern derivatives did not exist. By 2006 the notional value of the world’s derivatives had grown to over $500 trillion and the highest report just prior to the latest collapse put the world’s notional value of derivatives at an astounding $1.4 QUADRILLION.

Now, just for comparison, the total output of all men and women of the entire globe last year was a GDP of a little over $60 trillion. $1.4 quadrillion is approximately 23 times global GDP! This is a very squishy number and is most likely much smaller now that the financial system is imploding, but it is still an unfathomably large number, in the many hundreds of trillions.

There is a notion going around that there are two parties, one on each side of the “bet,” and that those bets cancel each other out. That is true only to a limited extent. As all the bets unwind there will ultimately people who were not completely neutral and we WILL eventually find out who they are.

You see, not knowing who they are is one of the root causes of our financial problems, unserviceable debt being another.

As far as I’m concerned, there is NO LEGITAMATE reason for modern derivatives of any kind. In fact, 90% of our entire financial system provides NO service to society. My trading certainly doesn’t. Heck, writing this article is a FAR greater service to our society than my trading, that’s why I’m taking the time to write it. How many people do you think made it this far reading it?

Three years ago I gave our country a chance. We still had the option to do the right things that could have turned the math around. I no longer believe that option exists. Thus, OUR CURRENT FINANCIAL SYSTEM IS DOOMED. The debt will be defaulted and now that it has been transferred onto the taxpayer, you and me, we will default together, as in our entire nation. How long will it be? Let’s put it this way; you are not going to be passing these debts onto your grandchildren.

The people who know me, know that I am NO gold bug. Gold historically gets slammed during credit collapses as it has been during the first phase of this collapse, BUT our government’s actions are placing concrete boots on our currency and Paulson/Bernanke have thrown our currency overboard. That makes this a collapse something that’s on a higher level. I am now accumulating gold and silver and I’m going to give you one more reason why, just in case the above math doesn’t convince you…

In my last article I mentioned the mixed signals I’m seeing from my market indicators. Those mixed signals continue to indicate that the Fed could be buying up their own treasuries, in effect a stealth form of printing large sums. This is referred to as “quantitative easing,” which is just another way to say printing. Today saw a resumption of the 10 year bond moving down in yield while the dollar moved down and gold held on to its past two day’s of gains. Meanwhile the overall market treaded water and is working off short term overbought conditions. I am suspicious and am currently watching the markets from a safe distance.

I love America – it pains me greatly to see it and everyone suffer. I certainly do not enjoy passing along such gloom, but until we remove our collective brains from the Alice in Wonderland world in which we are currently living, real change cannot come. It is those who falsely claim to love her while they simultaneously **** and rob her that deserve your ire.

And for this Thanksgiving I leave you with this Current article:




http://www.321gold.com/editorials/schoo ... 12409.html




Cold Turkey Thanksgiving 2009

Darryl Robert Schoon
Posted Nov 24, 2009

"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled."
-John Kenneth Galbraith (1908- ), former professor of economics at Harvard, writing in Money: Whence it came, where it went (1975)

JK Galbraith's statement that complexity is used by modern economics to confuse the truth about money is a fact. Simply put, bankers replaced money with credit and debt in order to profit by the indebting of others. It's why bankers are now so rich. It is also why others are now so poor.

Understanding money is not rocket science. Modern currencies are a fraud, a fraud that has escaped detection much as did Bernard Madoff's ponzi-scheme. Bernard Madoff's scheme was based on the fraud that investor's money was, in fact, invested. The fraud of modern economics, however, is that money isn't actually money - and they don't want you to know it.

MERRY OLD ENGLAND
THE MOTHER OF MODERN MONETARY FRAUD

From the time of Charlemagne until the 12th century, the silver currency of England was made from the highest purity silver available. Unfortunately there were drawbacks to minting currency of fine silver, notably the level of wear it suffered, and the ease with which coins could be "clipped", or trimmed, by those dealing in the currency.

In the 12th century a new standard for English coinage was established by Henry II - the Sterling Silver standard of 92.5% silver and 7.5% copper. This was a harder-wearing alloy, yet it was still a rather high grade of silver.

It went some way towards discouraging the practice of "clipping", though this practice was further discouraged and largely eliminated with the introduction of the milled edge we see on coins today.

By 1696 the currency had been seriously weakened by an increase in clipping during the Nine Years' War to the extent that it was decided to recall and replace all hammered silver coinage in circulation.

http://en.wikipedia.org/wiki/Coins_of_t ... d_sterling

CLIPPING CURRENCY BIG TIME
THE INTRODUCTION OF PAPER BANKNOTES

The real clipping of money began in 1694 when the Bank of England was allowed to issue its paper banknotes to circulate alongside silver coins. Over the next three hundred years, the bankers' debt-based notes would replace gold and silver; and, as a consequence, the entire world would eventually become in debt to the bankers.

The triumph of private bankers in replacing money with banknotes was to be universal as all nations would eventually succumb to the banker's easy credit and inevitable debt. Today, the central ingredient of money is not gold or silver but confidence, confidence in banknotes no longer backed or convertible to anything of value.

Modern economics is a highly successful confidence game run by bankers. The following is from the Bank of England's own website emphasizing its considerable efforts to maintain the necessary confidence in its on-going con game:

The Bank of England has been issuing banknotes for over 300 years... Gaining and maintaining public confidence in the currency is a key role of the Bank of England and one which is essential to the proper functioning of the economy. [bold mine]

www.bankofengland.co.uk/banknotes/

THE BANKERS CON GAME

The long-running and lucrative confidence game, however, is about to end. Its breakdown is now underway as constantly compounding consumer, business and government debt can no longer be carried and/or paid for by existing or future productivity, especially as economies are contracting, not expanding, and collective debt levels are skyrocketing to levels which can never be repaid.

We borrowed against tomorrow and tomorrow is here

The collapse of economies such as the US, the UK, and Japan etc, will eventually render the bankers' IOUs and government currencies worthless; and when this happens, the three hundred year stranglehold of bankers over human endeavor will be over.

BANKERS REPENT

You who hold the scales
Of justice in the land
You who hold the power
That determines if a man

Will earn his daily bread
Or fall victim to your schemes
Broken and indebted
By the triumph of your dreams

Repent, repent, repent my friends
Repent if you would please
Repent, repent, repent my friends
From your selfishness disease

Your doors can't hold forever
The storm now at the gate
You've chosen what will happen
You've chosen your own fate

Already we can hear
The changes coming near
Already we can smell
Your anger and your fear

Just when you thought you had it all
That fate would be your friend
It turned on you did it not
Perhaps this is your end

What's happening to your power?
What happened to your greed?
What's happening to your minions?
Who served your every need

History has turned on you
After being so kind
The public now is on to you
After being so blind

Repent, repent, repent my friends
Repent if you would please
Repent, repent, repent my friends
From your selfishness disease

GOLD MAKES A RUN

Two powerful forces, paper money and gold, are now locked in mortal combat. The combatants, however, are proxies for far more fundamental forces. Paper money is a proxy for private banking and government power - and gold is a proxy for freedom.
-Moving Through The Maelstrom Monthly Commentary November 2009

The complete breakdown of the global economy was necessary for people to understand what is happening. Economic elites had banished all inquiry into monetary issues that did not conform to their special interests. Keynes and Friedman were popularized not because they were right, but because their theories suited those in power. Truth was ignored. Today, its revenge is here. Popular theories supporting paper money will soon give way to economic realities exposing their failings.

Against the formidable opposition of central banks and Western governments, the price of gold has more than quadrupled in ten years. The forward selling of unmined gold by large gold mining companies in collusion with central bank gold leasing did much to constrain gold's advance but the power of its intractable rise should be seen in the light of that opposition.

Currently, the fall of the US dollar is currently pushing gold to new highs. Tomorrow it will be the fall of the pound, the euro or the yen that will do so. The fraud of paper money is being exposed and it is only a matter of time until the global edifice of credit and debt it supports will collapse.

In The Great Wave (Oxford University Press 1996), Professor David Hackett Fisher, an economic historian, tells of the great waves that periodically destroy existing epochs to make way for the new and better eras that follow.

Such waves, Professor Fisher found, always culminate in total economic collapse. We are nearing the end of what Fisher believes is perhaps history's greatest wave; and yet, the economy is still standing (though currently quite wobbly). Since great waves last from 80 to 120 years and this wave began in 1896, it means an economic collapse is imminent.

It does seem to be a possibility, doesn't it?

THANKSGIVING AND THANKFULNESS

For those invested in gold and silver, their recent rise is cause for thanksgiving. But our thanksgiving for gold and silver's rise must be tempered with what the rise of gold and silver signifies. Gold and silver are barometers of monetary turmoil and economic distress; and the higher they rise, the more severe and closer the collapse will be.

For the few who saw the collapse coming, it will be a vindication that the truth can and will triumph, that monetary fraud no matter how ubiquitous or long-standing cannot last forever, that gold and silver are money and that paper currencies are not.

Professor Antal Fekete said the day gold and silver explode upwards will be a sad day for humanity. He is right. The explosive ascent of gold and silver will be caused by the global collapse of paper assets and paper money. Suffering and loss will be the experience of most.

Although that day will be one of tragedy, it will also make way for the new and better world that is to come. Give thanks for that. Life is a miracle and we are a part of it. It is not done with us yet. That much is obvious.

Buy gold, buy silver, have faith.

Darryl Robert Schoon
email: info@drschoon.com
website: www.drschoon.com
website: www.survivethecrisis.com
Schoon Archive

Yea I read it all. Did note that 3 times in our history the government took our gold. When it colapeses how much gold can you carry. do not forget food guns and ammo. Yea it looks like we will default. You are right the math adds up. So, it balances itself out. The guy with the biggest gun wins. We, need to keep all of America strong. Monroe doctorine.

We have established you can only carry so much gold. I think property is the thing to have. And a gun of course. But I have to agree with the math. And lots of theifs will be hung. And lots of innocents to. The revolution here in the US was basically, 30% for 30% against. And 40% who did not care. Most comminust take overs were 20 to 30% of the population willing to die for the cause. Where is the Roman Empire? Where are alot of others? Shit happens, Country's come and go. And women make baby's. life goes on. We are all going to die. We can only hope it is on our terms. Good read! Limited government and a strong national defence. Happy Thanksgiving.

_________________
Take a walk on the wild side.

Fantastic posts Foos. Just read these posts and you will know the story. The game of money is controlled by a precious few. Only one thing you can take real salvation in and that is your personal God.

dapanz1

_________________
Paradise= Sitting outside the Bodega in Panama City about 1 am. Drinking cool Balboas with cool friends and blazin' hot Colombianas. I want to be there..RIGHT NOW!

You can fit 100,000.00 worth of gold in your front pants pockets.
Gold is more portable than $100 bills.
Gold is spendable everywhere.
A ocean going sailboat gets you and your Gold out of the country without Customs problems.

Real estate will always hold value, but if you buy before the bottom in prices you will still lose heavily.

Glock 10mm and AK-47 will keep you warm at night.

Stocked freezer and pantry.





Gold & Mount St. Helens



By: Jim Willie CB, GoldenJackass.com


-- Posted Tuesday, 24 November 2009 | Digg This ArticleDigg It! | Share this article | Source: GoldSeek.com

Not in the last few years have conditions been aligned for a truly explosive upward move in the gold & silver prices. A confluence of factors simply could not be more bullish, promising, and powerful. The psychology has also been raised in awareness on a global basis, as financial centers, media networks, and common folks have coordinated their recognition of the gold bull. They comprehend perhaps two or three of the main factors why gold is rising, out my stated list in a recent article "13 Reasons For a Major Gold Breakout" in September (CLICK HERE). The trio of fundamentals, psychology, and technical chart constitute the trifecta that will push gold & silver to extreme heights, and crush the silly shorts with their myopic half-baked tactics that are certain to make them roadkill, then someone else's lunch. The factors overlooked by most for the precious metals breakout run pertain to the broken monetary system, the Paradigm Shift away from the USDollar on both financial reserves management and commercial trade settlement, failure of the central bank franchise system, recognition of a criminal syndicate in charge of USGovt financial operations, the Black Hole of severe endless losses by firms taken under the USGovt aegis (AIG, Fannie Mae, and Wall Street firms), the hemorrhage of USGovt deficits, and lastly the dishonor of financial contract law, chronic lapses in financial market integrity, and constant intervention in those financial markets.



FALLACY IN THE DOW STOCK RALLY

The investment community rejoices when the USDollar slides further, since they have learned like a shallow minded Pavlov Dog that stocks gain. One anchor asked on Monday a basic question, "Gee, what happens if the USDollar heads toward zero, but the Dow charges ahead toward 30,000? Where does that leave us?" What a good question! The financial news networks have begun to openly wonder about the Dollar-Stock relationship and its endurance, but not yet what it means. They overlook how the S&P500 has fallen by 80% in the last several years in terms of its gold value. This is a stock bear market fully disguised, made hard to notice since the value of US money is falling fast. The stock market is rising from very easy money. One usage of the free money offered is investment in the US stock indexes. Others are Gold, Crude Oil, German Govt bonds, and commodity funds. in the Dollar Carry Trade, identified by borrowing free money and buying rising assets.



Like Wiley Coyote, a realization will soon come of a position over the canyon without footing for the stock investors. They are not prepared for a Double Dip recession, nor recognition of a recession that never ended. The common consensus belief is that the sharply lower USDollar will revitalize the USEconomy, will give a huge boost to export trade, will prevent the ravages of price deflation, will encourage foreign investment, will revive the labor market, and more baseless analytic rubbish best described as propaganda. Chalk it up to creative rationalizations and fantasy entries to the latest chapter of American Economic Mythology, and endless series of wrongful notions that has gutted the nation, enabled by the big banker parasites. Credit to Darryl Schoon for the fine image of blood sucking and targets, consistent with the Matt Taibbi comparison of Goldman Sachs to a vampire squid that extends its blood funnel into anything smelling like money across the entire planet. Their reputation is finally seeing a spot of smear. Their plants like Geithner at Treasury Secy as finally suffering some disrespect as anger is shown.





Actually, this misguided belief of perking the USEconomy from a cheaper USDollar is not only horrendously incorrect, but it is backwards. The lower value of the USDollar has numerous extremely damaging effects, will cripple the United States further, and will eventually lead the nation to a place that is best described as a Third World nation. Let's examine each claim, each plank from the positive spin, then dismiss them all.



#1. A cheaper USDollar will give a huge boost to export trade. In normal times, the effect is direct and immediate, provided the USEconomy has a critical mass of an industrial base. The 1980 and 1990 decade sent almost the entire technology manufacturing factory base to Japan and the Pacific Rim. In the years 2000 to 2004, the US corporations invested heavily in China. Recall the 'Low Cost Solutions' that resulted in lost American jobs, burgeoning Chinese trade surpluses, and a climax in tension from a broadening trade war. The trade war was forecasted three years ago here. The USEconomy surely has some export businesses, but nothing to claim as broad. Moreover, the restrictions on computer and telecommunications export remain. The Chinese cannot purchase them, so they steal their designs left unprotected on the internet websites (see Sandia Labs). The above claim (#1) has no basis, as the gain in export business will show good growth, but its base will be too small to provide much significance. From an export trade standpoint, the common consensus belief is that the sharply lower USDollar will revitalize the USEconomy is nonsense.



#2. A cheaper USDollar will prevent the ravages of price deflation. Such a belief requires a shallow broad view with no distinction of various markets at all from a price perspective. The effect so far from the lower US$ has been higher crude oil price, higher industrial metal price, higher sugar price, and high prices for many other commodities. The effect shows up as a higher entire cost structure, enough to cause great strain. The scourge of the USDollar powerful relentless ongoing decline is the effect of commodity costs, something the investment community and bank leadership prefers to avoid in discussions. The above claim (#2) has no basis, as the entire cost structure of the USEconomy is in the process of rising. Notice higher costs with lower wages and shrinking corporate profit margins. These are hallmarks of an inflationary recession, hardly a positive development, and surely not a recovery. From prevented price deflation standpoint, the common consensus belief is that the sharply lower USDollar will revitalize the USEconomy is nonsense.



#3. A cheaper USDollar will encourage foreign investment. In normal times, the effect is direct and immediate, provided the USGovt and state governments create the right environment, and provided foreign corporations trust the skill level of American workers. Neither condition exists. Business regulations and taxes prohibit foreign firms from even considering much investment and expansion onto US shores. The United States continually ranks near the bottom in attractive for business environment in which to invest. As for their observation on American workers, they regard them as hard working but not blessed with sufficient skills or education. Asians have a big advantage on math and science skills. Increasingly, Americans are finding themselves unemployable, or else skilled in areas that serve as extensions to bubble economy businesses like home construction and mortgage finance. A nasty red herring exists on the foreign investment notion. The foreign corporate chieftains sense a looming risk of martial law, growing social chaos, and widening grassroot movements in opposition to the government and bankers. The above claim (#3) has no basis, as almost every single aspect gives off big warning signals or delivers roadblocks. From a foreign investment standpoint, the common consensus belief is that the sharply lower USDollar will revitalize the USEconomy is nonsense.



#4. A cheaper USDollar will revive the labor market. The USGovt and Wall Street each claim that interest rates must remain down since all the excess capacity in the system provides too much slack, thus a dampened price effect. Nowhere is that more clear that with wages, as workers continue to be shed in massive numbers. The ravages of price deflation has a continued effect on the labor market, keep wages down. Thus, the parade of continued home foreclosures. Furthermore, the shrinking profit margins inhibit expansion by US corporations. Just the opposite. They respond by reducing the workforce for the firms. The lack of incremental foreign investment, for reasons described above, also results in less revival of the US labor market. Please show me some big news items of foreign firms setting up shop in the Untied States, with a couple thousand new jobs that provide a nice shot in the arm for the labor market. The above claim (#4) has no basis, as the labor market will stick out as the grand contradiction to any claimed USEconomic recovery. The so-called Jobless Recovery is more like a Job-Loss Recovery. From a revived labor standpoint, the common consensus belief is that the sharply lower USDollar will revitalize the USEconomy is nonsense.



OFFICIAL RESPONSE: MORE DEFICITS, MORE MONETIZATION

The USGovt executive branch, the UDept Treasury ministry, and the USFed central bank are all desperate. The USEconomy has deteriorated to a great extent, and will degrade more. The incoming revenues to the USGovt are way down, another contradiction to recovery claims. Credit growth has gone into reverse. Foreign dependence for credit supply has turned acute. The federal debt limit is soon to be breached. The Obama Admin seems on a mission to force a USTreasury debt explosion and default. Integrity of the Wall Street capital market system had been extremely downgraded. Now comes the reports (none denied by ranking sources) of tungsten gold bars, the climax of national fraud by US bankers. The response on the official government and banker side has been more monetization. Also, no interest rate hike for as far as the eye can see. Today JPMorgan announced a new 162 Euro currency target, and stated its belief of no USFed rate hike until 2012. They should know, since they are the USFed, at least their administrative side for following through on market actions. They openly recognize the Dollar Carry Trade, a surprise even to my eyes.



The USTreasury auctions receive some of the least scrutiny and investigation in memory. The rapid move to Permanent Open Market Action that buys all the official bond dealer inventory renders the process to be indirect delayed monetization. The printing pre$$ payouts for foreign USAgency Mortgage Bonds enables foreign central banks to purchase USTreasurys at auction also renders the process to be indirect immediate monetization. Before long, the entire official auction process will be an exercise in direct recognized open monetization, deemed necessary due to abandonment by foreign creditors and disgust. That will be the turning point for a rapid shocking USDollar decline and the introduction to hyper-inflation within the US shores.



BREAKDOWNS LEAD TO GOLD PRICE ADVANCE

The most recent development is clearly the exposure of the tungsten gold bars. Some extremely naive analysts and editors alike will be the last to know what is happening, as they deny the story. One editor has a military intelligence background, which accounts for myopia. He also shows only disrespect for the Gold Anti-Trust Action committee (GATA). Their charges of USGovt conspiracy to fix and suppress the gold price have been admitted by Greenspan himself. Cannot the naysayers see the pattern of fraudulent money, fraudulent coins (ok, so pre-1964 silver was copper core -- my bad), fraudulent Fannie Mae bonds, fraudulent mortgage backed bonds, fraudulent municipal bonds, counterfeited USTreasury Bonds, naked shorting of bank stocks, flash trading (the Goldman Sachs front running of NYSE), and constant Plunge Protection Team interventions? The natural climax is tungsten bars given a gold plating. Leave following the trails to others, but one could guess they match the narco pathways.



Anyone who steps forward with actual data, evidence, documents, and hard facts worthy of investigation and high level prosecution is subject to being murdered. So the way this plays out is more likely to be a cratering, a dismantling, a breakdown in the gold metals exchange. The weak link, as claimed by both GATA and hard charging analysts like Jim Sinclair with Dan Norcini, is the lack of physical gold. The metals exchanges have been running a criminal shell game for years. They do not require collateral properly placed, like 80% on short sales. In London they are digging from the 50 and 60 year old barrels to produce gold bars for delivery. In London they are hastily seeking gold bars from the Bank of England and European Union central banks in order to avert delivery defaults. The strain was evident last spring when Deutsche Bank was caught without sufficient gold, rescued by the Euro Central Bank in the nick of time. The strain was repeated in early October when London borrowed central bank gold bullion in the nick of time. Word has it that all delivery demands were met, and all were from Asia, predominantly from China. The strain will repeat by the end of this November month. The strain will again reach critical levels in March, and if the system holds together after the upcoming demands for gold delivery are handled, or not managed, whatever, we will see events reaching climax next March and the spring months heading into June.



Review some indirect evidence serving as confirmation of the tungsten gold bar story. This is inductive reasoning, at the basic level. The London and New York metals exchanges cannot complete delivery of any order over one metric tonne without fresh assay reports. Trust has been shattered. This was never required before, but is now. Why is that? Could it be that Hong Kong's revelation of 5600 tungsten bars tungsten bars (fake gold) was true, verified, and spread via a global alert? Yes, clearly! Assayers the world over are unavailable. They are all tied up as bullion bankers, sovereign wealth fund managers, lesser central banks, and individual billionaires are scrambling to verify their gold holdings. The assayers were entirely available two months ago, but not now. Why is that? Could it be that Hong Kong's revelation of 5600 tungsten bars tungsten bars (fake gold) were true, verified, and spread via a global alert? Yes, clearly!



The Canadian Mint has released information that admits to 17.5 thousand troy ounces of gold and other precious metals missing, whose estimated value is $15.3 million. No credible explanation has been offered for the missing inventory. These are not lamps, boxes of paper, crates of machine tools, floor tile, stereo sets, or power tools sitting in inventory. These are gold bars. Or were they tungsten bars? Permit the Jackass to surmise that the Canadian Mint were interrupted in their coin production process. They poured what they thought were gold bars into a cauldron, but since tungsten melts at 8000 degrees, and gold melts at 2200 degrees, the cauldron soup was lumpy with tungsten cheese. Instead of admitting they held and discovered 17.5 thousand ounces of tungsten, sure to rile the Wall Street boys, sure to turn the gold market upside down more than already, sure to invite severe scrutiny to many bankers who already face criticism (but not prosecution) over mortgage bond fraud, THEY JUST SAY IT IS MISSING !!! Just where did it go, Ottawa? Did some high level bankers (surely not Goldman Sachs) borrow it or steal it? Maybe it went to an industrial supplier that specializes in zinc, tin, copper, lead, and tungsten!!! See the National Post article (CLICK HERE). It seems the B.S. story of lost gold invites the least criticism, scrutiny, and follow through, amazingly. Theft and fraud is rampant, and the name of the game. Of course, incompetence, and clumsiness are more acceptable than corruption and collusion.



The end result of all the extra authentication processes, the absence of available assayers. the missing gold at mints, and the scattered reports of tungsten gold that have this week extended to at least on European bank location in addition to Hong Kong, is less actual verifiable gold bullion in the hands of people that trade it. In other words, THE GOLD SHORTAGE IS MORE REVEALED AND EXPOSED. Notice lastly, the no Hong Kong banker denied the story of discovering tungsten bars with gold plating. Instead, the story proliferated to a global examining of gold inventory. Notice also that no Depositor bullion bank invited investigators inside for a closer look at inventory, after doubt and lost confidence within the system occurred. These are all tell-tale coincident signs, indirect evidence in support of the tungsten salted bars and the entire story. One has to be with a military intelligence background not to see it.



GOLD EXPLOSION COMING

Gold continues to log new highs. The market forces are powerful. The corrupt cords are being severed. The bottom of the barrels are being scoured for physical gold. Investors and investment firms want some real assets instead of mountains of paper assets. Paper piles are burning. A gold price explosion is coming. They cannot stop the gold locomotive. Monday this week was gold futures options expiration. The expiry was met the previous Thursday and Friday last week with gold closing at the highs for the day, and on Monday with a 12-15 point upward thrust. Pain is being felt in a big way with the gold cartel from their suppression game that backfires. Those two days ending last week formed daily bullish hammers, very bullish signals, identified by a high open, intraday prices much lower, but with a strong high close. Hey London, Hey New York: Open vise, insert nether stones, squeeze, and invite the dogs to feed off the floor. The pressure is on. The lack of real gold is palpable. the price rises. Heads will soon roll.



Exchange officials of middle rank will be the first led away in handcuffs, not by the FBI, not by the CFTC, but by state authorities and perhaps federal marshalls. The federales are part of the syndicate (lack of) law enforcement. Why middle level guys? Because they will offer evidence and testimony against the targeted higher level officials. Many people like myself wish for a much broader exposure of criminal behavior, some prosecutions, some justice, and an end to the Age of Impunity in the Untied States that comes with the Fascist Business Model. We will find little satisfaction, except for the breakdown of the Gold-Dollar balance beam in progress. The gold & silver prices might be the main satisfaction felt. The USDollar decline might be another satisfaction. Look for strange and misleading inaccurate stories to come from the metals exchanges as they break down. Also look for something to pop up with all those guys from last August who appealed for asylum in Europe, bearing boxes of Wall Street fraud evidence. That is saved for the Hat Trick Letter reports.





Predicting the gold price at this point accurately is difficult. The Powerz are losing control. The price advances are actually occurring in a welcome manner to the Chinese. They are the primary parties in accumulation. They will push the price higher only when gold supply at the current price is no longer available, their new Modus Operandi. A gradual rise in gold price actually works the best to crush the nether stones of the corrupted metals exchanges. Few big corrections are likely to come. The price rise is being managed in much the same way as the suppression was managed. The risk is for an accident that releases control of the gold price. In that case we will see a repeat of the Mt St Helens. A 1300 price is the next target, but it is just a target. It could be easily passed. When it is passed, the next target will be something like 1500 or 2000. The shorts will be crushed, of all types, who get in the way. We are in global redesign and restructure that removes the US & UK players from the helm. They are only left with viruses to distribute after bond fraud and gold counterfeit. The USDollar is slowly suffering a death. Few in the Untied States can recognize it, since they reside inside the Dome of Perception.




http://news.goldseek.com/GoldenJackass/1259100000.php

Ok the end is coming, got a date ???

Do you know how to make clean water?
fix a gun shot wound?
Kill worms in side you?
how much needle and thread have you got stored up?
make water tight roofs?
or a water storage system, better yet where to find water ?
got good health? no glasses allowed, no need for any pills. and love the sound if insects at night?
These are a few of the little things that gold can not buy.
And all the gold in the world will not save you form a hungry mob.
Just where is this sailboat going to? Where will be better, what government going to let you keep your gold when you show up? Or the hungry mob

Me if the end comes I am planning on raping and pillaging to the end of my days-- every day, different food, woman, and excitement around ever corner.

And we all get a short life.
The rich will fall the most and are the most unprepared ( Katrina showed that, to the homeless it was just anther day, every one else was in a daze and sat on there butts).

I got friends who never even notice a collapse , except for game wardens not checking up on them as much.

As I've said before, anyone who believes this Great Recession is at it's bottom or near it, needs to read this article on the commercial RE market's problems and lack of viable solutions (the other huge sector, the CC sector is looking equally shaky):
http://online.wsj.com/article/SB1000142 ... 02904.html

_________________
"A man accustomed to hear only the echo of his own sentiments, soon bars all the common avenues of delight, and has no part in the general gratification of mankind"--Dr. Johnson
"Amen, brother"-ED

Here it goes again, HSI down almost 800 pts. (3.5%) on this and US stock markets expected to sharply follow. Gold still pushing 1200 at 1180 +/-.

OMG Foos OMG. I proly agree with everything in your post but should I read them all??

http://www.cnbc.com/id/34157540

Gosh. I sure wish Jim and Tammy Faye Baker were still around doing their thing. I felt so much safer knowing the good Lord was watching over my empire.......

_________________
"Actual happiness always looks pretty squalid in comparison with the over-compensations for misery. And, of course, stability isn't nearly so spectacular as instability. And being contented has none of the glamour of a good fight against misfortune, none of the picturesqueness of a struggle with temptation, or a fatal overthrow by passion or doubt. Happiness is never grand."
- Aldous Huxley, Brave New World, Ch. 16

Ok the HSI is down, but far more important is that the Columbian Peso is up over 2002 / 1 dollar on EX Universal Currency Converter today . Just hold there 48 days!!!!!

And this is like the 5 time now I heard this gold/end of ??? story since the 70’s... I just keep thinking of the those nice guys, the HUNT brothers and silver every time I hear the gold is every thing. I have had friends who lost there butts with gold in the first two gold rushes. My question is if gold is the answer, Why do they value gold in dollars ( of some currency valued against dollar), and why do the people with gold take dollars for there gold. Posed that question to a gold/end if times sales just before the Y2K end is here!! NO answer from them.
Gold has always been owned by only a few ( kings ) who told the rest of us it is valuable and that why they are in charge. Why, gold is shinny , there not much of it , and they got and we don’t. Gold make great fry pans and is used in space exploitation, but after that it does not have any more real uses. ( I am sure some here can come up with some, but jewelry does not count as a practical use )
Then the gold you own, is that locked up in some safe in your house, or in some else’s safe some where?( gold futures are just gambling so does not count here ) If it some where else, then you really own apiece of paper and nothing more. If every thing comes to a end and the government and society falls, how are you going to get to that place to get your gold, and Why on gods green earth would then they turn it over to you, Remember the Kings stuff?? The kings will come back in some form- think drug lords- gang chiefs . If the gold is in your safe, how does any know you have not cut the gold with lead,( common practice in the old west to foil robberies ) so it will have to be tested , and that cost you some of your gold., never ending testing cycle... Worked with a guy who bought I think Platinum in the early 80’s, and after a big price rise tried to sell it back, but the certification charge to make sure it still was pure wiped out his profit. Only the people who told him it would make money made any thing, they are called “ Bookies.”
A few person have also ran things, used to be kings, now it is big bankers and this will never change, unless of course you are suggesting Karl Marx solution , and in my opinion that be far worse , because under that a few would still be in charge, but we would all be living in a sewer with no chance, even to complain about being in the sewer . So I hang in here with what we got.
Any one wants to know how much gold weighs, I got a 12 inch hunk of Rail road rail, and that takes every thing I got to move it with two hands, I ship it to you, freight collect only, and you can get a idea of what gold weighs, except it even more problem to lift and move.

Got to go, clothes are dry and a few more trees need to die yet today, they are plugging up the well I put in a few years ago, just in case I need fresh clean water and my house well has no electricity. 2 years worth of fire wood stacked /cut split. At 6 pm 3 deer are being dropped for me to butcher for my next years food supply. I make it, will you??