Oldtent Archives 2010

www.gold-eagle.com/editorials_08/roy-byrne030110.html

I dont want to take away from all the good your wwalk did you but there are people who can no longer take walks because it isnt safe anymore.

I remember about six yrs ago a Fillipino told me a cousin offhers just became the director of nurses at a hospital in Texas and was calling up all the Fillipinos tt go there and getting people to study nursing back home to come there as well as here. Now does that sound like a peaceful immigrant to you. I myself worked a couple days a month atta place that was taken over by them. When Id go to work Id find my shift was replaced by a filipino and the person who scheeled them did it over and over making excuses like they couldnt get awhold of me while other fillipinos tryed to help it was no use then after a few months of thart I got a letter saying I havent showed up enough so I was taken off the schedule. Now would u even want to work in a place like  that when u would see the quality of care go to  heck while this was going on? Are these peaceful non racist people who would not harm u or your family? Ive heard storys like this every where on other sites and some american nuses are getting out of the field because of it which will leave you with what?

you are very upset…

i am humbled..it was not my intentions to challenge you.

we live in a complex ball..trust?

a comment…wake early… enjoy the sun rise…worth …everything

even better with someone smiling and holding your hand..

such a moment is real gold …limitless…

good night

you have payed your dues in life and should spenddthe remainder of it with all the joys and happiness life has to offer. Those beatiful ffowers that are blooming you were perhaps too busy to see when you were young. It should be thhyounger generation to see that those flowers dont get trampeld on.  And us to make sure they people in our government dont put ourt young in hhrms way for self serving greed or votes, vote that should of never been there but instead use that money to help others be more self sufficant. But now I see that has happened to our demise but  there is so many of them they will still come and will not stop.Like salt water of a tsunami pouring into a pond the water will not stop until its over flowing with salt water and all life that dependeeon that water will die. Do you think theyll care? The tsunnami will just move to the next pond and next pond.

Well, it’s happening here right in the bad old broke USA.

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Mar. 04, 2010
Copyright © Las Vegas Review-Journal

Credit union: Pul-lease take your money

Members with only savings accounts viewed as costly

By JOHN G. EDWARDS
LAS VEGAS REVIEW-JOURNAL

Nevada Federal Credit Union has a deal for big savers: Withdraw your money and you’ll get a bonus.

The credit union, one of the largest in Nevada, figures that deposits from members who don’t have a checking account, mortgage loan or any other products are expensive.

Click here to find out more!

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6. in brief

Brad Beal, chief executive officer of Nevada Federal Credit Union, estimates that about 1,600 of Nevada Federal’s 85,000 members only use the credit union for savings.

The financial institution typically uses member deposits, including certificates of deposit and money market accounts, to make loans, which typically bear higher rates than deposits.

Beal figures those interest-bearing accounts are a money-losing proposition in Nevada’s current depressed economy.

“We don’t have any loan demand right now,” Beal said.

The credit union is investing in short-term Treasurys and earns about one-quarter of 1 percent on those government securities on average, but it was paying 0.4 percent to customers with savings.

In addition, the credit union expects the National Credit Union Administration to boost deposit insurance premiums by 0.15 percent to 0.4 percent this year.

For each $100 million in deposits, that premium increase will increase Nevada Federal’s costs up to $400,000 yearly, Beal said.

While Nevada Federal is well capitalized, reducing deposits also will increase its net worth as a percent of assets. Beal said that is a secondary reason for reducing total deposits.

It’s an unusual strategy. Another credit union manager said the strategy makes good sense in the short term but Nevada Federal also may be unable to get the members back again when demand for loans resumes.

Starting Monday, the credit union has cut the variable interest rates on deposits held by members that only save money to zero.

“We’re losing money, and they are not making money,” Beal said.

So the credit union will pay these savers a $25 bonus for withdrawing amounts between $25,000 and $49,999. The bonus jumps to $50 for amounts up to $74,999 and goes to $75 for larger sums.

The credit union staff, he said, will help the savers find another place to park their money.

Contact reporter John G. Edwards at jedwards@ reviewjournal.com or 702-383-0420.

Yes sir ..the word is used more and more…gold this gold that …a change is upon us.for sure…and we are also in a world of hurt here…this whole economic model deal is about to come a crashing down…devaluation is around the corner..the 10 and 30yr bonds are starting to slowly move towards D-Day..
The griping and sniping has started in Belize….just sat in on a round potbelly stove type discussion next store…the .conversation centered on the jerk Jamacian for a minute then the boys started blaming the Asians for making all the money down here..food stores and such…I said hold on boys ..you men are the ones who have the power in your hands ..buy from Belizians ..but if you don’t like the Asians bringing in the food …then start growing more and do it yourself…all you fellas cook with wood and have the know how to get it done ..that is why I moved here…don’t let me hear you whine about the Asians or Mennonites…get off the soap box…we have a damm disaster heading this way …buck it up..boys…thenI came in to check you guys…

FRIDAY ROAD TRIP 2/26/2010

(*Summary of topics covered in the Private Road section)

The Gold Genie is Coming Out of the Bottle
The “Gentleman’s Agreement” on NEVER openly discussing Gold amongst nations is falling apart. So far this week there has been talk of China not buying IMF Gold, Russia saying China will buy IMF Gold and Greece saying Germany should return Nazi Gold…

Greenspan Speaks about Faltering Recovery

Almost right on queue, again, Alan Greenspan comes out with a dour outlook on the Economic recovery. Keep an eye on what he says over the next few months as we head out of the eye of the storm..

FDIC Prepares for Banking Crash…Citigroup Likely Candidate

In the past I’ve had to decipher articles about the FDIC in order to extract subtle hints as to the despair at this “AIG Type” Insurance entity. Not this time. They state in the clearest language possible “The FDIC is Insolvent!” In preparation, the worst of all the bad banks, Citigroup, released the following shocking statement to their customers…

Health Care Summit…The Final Act

The final discussions on Healthcare Reform took place in Washington yesterday. Keep and eye out for the urgency to pass some kind of healthcare bill as it will help predict WHEN the final collapse will happen…

“Wishes and Rainbows” Additional Hidden Meaning

An observant subscriber noticed more hidden meaning in the Fed comic “Wishes and Rainbows” that I hadn’t noticed. Most likely this represents the removal of the dark forces that have controlled us for so long…

New Elections and Congressmen Exposed

It’s sad that vital information related to the security of our nation has to come from “alternative news sources” these days. After reading this article about Sibel Edmonds’ revelations the Congressional attack against Turkey makes perfect sense…

The CFTC Final Showdown on COMEX Manipulation

The CFTC finally announced a hearing on position limits for the metal markets. My take is that Chairman Gensler is part of the “good guys” now even though HE WAS IN CHARGE OF CURRENCY MARKET MANIPULATION at Goldman Sachs, he was on the WORKING GROUP ON FINANCIAL MARKETS and he worked as a SENIOR ADVISER TO ROBERT RUBIN WHEN HE WAS TREASURY SECRETARY…

____________________________________

*This was a summary of topics covered in the Private Friday Road Trip section of the Road to Roota Letters. For those wanting the full analysis and access to the other Private Member parts of the site please sign up by clicking below. The $149 annual cost is well worth it for information that may literally save your entire financial future.

www.roadtoroota.com/public/10.cfm

May the Road you choose be the Right Road!
Bix Weir

RoadtoRoota.com

Fundamental rights do no one any good if we dont use them.  We have a fundamental right to protect ourselvs our way of life and our family first and foremost. I dont want to be as you mentioned one of the prior generations that did nothing  that they will speak of that did nothing blame it on someone else.  Because someone else did wrong doesnt give us the excuse to do nothing. Like PMfever speaks of fear and greed as a motivator on has to keep these thoughts in perspective. It is human nature will any stop with just a few comming here, no they wont. I remember when citys were taking people from Hati and citys said no more their putting a strain on their resources they were getting welfare housing medicade and the people were going broke supporting them So when they said no more instead of saying okay or even thanks like history goes with them  they called us Rasist. The same people that whiped out all the whites in their country. Do u even think a group of people who fundamentally hate Americans or are angry for what they dont and hate you for it because of what we have will be even peaceful towards Americans if they were the majority? Like I said the grandchildren of this generation if their still  alive or not on welfare while the apple pickers who came her for jobs nobody wants and thats all suddenly want more, you jobs you social systems your educational systems, greed.

never humble yourself…and you have this evening..to the runner.

fact….you are a complex ….off the path walker?   .smile

Are you ?

I have been burned or i will be burned , or shall i be burned?..smile.

you could comment..

do you sincerely believe that this existing government represents  the population ?

do you sincerely believe the the daily data/ information is “ chart-able “? real ?

Now if someonnwas doing it wrong and expecting a different result that would be crazy. Burned, not necessarily , if the person was cognivitly challenged like learning disabilitys that wouldnt not be crazy but if the teacher  expected different results that would be crazy. I was just putting some light on your serious post on charting but yes math has its influence. Also as waves in the sea can determine the path you are going.

Your example is one where you are trying to correct a problem in a way that has been successful in the past…………..thus, you want “the same result” as when others have been saved.  You are repeating a successful strategy.

The concept I noted was when one consistently finds failure by using the same approach.  Touch a hot burner…………get burned.  Touch a hot burner………….get burned.

an excellent point…i am humbled…we absolutely failed..

i would suggest ….such an insight would require…a real insight to fundamental rights to all peoples…

such wisdom…

we have travelled ….and wasted so very much so very rapidly…

unfortunately …the monster…..will use this failure  ….we are here…my friend..

I do understand…

Doing the same thing over and over and expecting different results is crazy. Sounds like our government. Not always. If I were to start rescue breathing on a child who just fell in a pool and was not breathing on hios own I would be doing something over and over again while expecting a different result.

And I will be the first to defend your right of free walking and talking.

Only a fool would agree to your comments to me…

I am old..and each day older..enduring to truthfully enjoy the spirit of the wonder of this significant free world we have left.

Body imagines at airports…when any truck driver …well ,.. enough for any given evening opinions….smile

you ….i will walk away….tomorrow, i will walk and sincerely believe you are but a very misguided or manipulated man…caveat….or a warranted poster of ..hmmm did i say to much???

Charts represent factual graphic representations of history which includes the choices made by investors through history.  Humans tend to be very consistent in reacting the same way to the same stimuli or situation……….over and over……………over and over.  Human nature does not change as humans always appear to react with fear or greed in the same setting pretty consistently.  Thus, in the same vein we say that we try to teach our children not to make the same mistakes that we made, or that others have made.  Same concept.  To not study history- to not study human reaction to stimuli in the past- is to repeat the same mistakes in the future.  Or, as Einstein said, “To do the same thing over and over; but to expect different results, is crazy.”

To a large extent Armstrong has done some very fascinating work proving all of that up- specifically showing the existence of fractals built smaller  fractals in the marketplace over a very long period of time……………….with the larger fractals going forward being almost exact in terms of price and time, but at a higher ratio in terms of Elliott Wave Degree.  He did this using mathematics moving forward in time. 

The work that I started in the fractal area with the PM markets back on GE in 2003 with $Gold, then in  2004 and 2005 with the PM stock indices is essentially the same type of fractal work, except that I started in the current  time period using  graphics, and I moved backward in fractal sequence.  Essentially, when Armstrong started publishing his work in terms of fractals about a year, ago, it basically confirmed the basis of the work I had done.  Unfortunately, Armstrong made a crucial mistake in his work IMO as I stated as soon as I had read his work early in 2009.  He failed to remove the second variable from the price equation to ascertain a consistent and equal comparison over the long-term- something I had done from the start of my work.  It is easy to understand why he failed to remove that second variable, but its presence will always undermine his work until he removes it.

One cannot compare “historical facts in terms of price” over the long-term because the second variable- the value of the currency is always changing with floating currencies.  In my work from the start, I did the fractal comparisons over the long-term in terms of “value” with the changing values of the currency stripped out……….giving an apples to apples LT comparison.  In the process I “proved up” all aspects the work, mostly using graphic, or chart form.

History of humans will always repeat as long as the emotions of fear and greed continue to plague all of us.  Greed……………..gambling………………human greed…………….present humans with the leverage of derivatives and our whole world becomes a gambling mecca…………no other motivation required.

Except this time youll be the American Indian trading trinkets for land and then get scalped by ur own gracious government and you grandchildren will be their slaves and no longer be proud of  their grandfathers like we are of ours.

The “trigger for inflation” is quite simple in a fiat world.  That trigger is a high level of debt that can only be inflated away.  At this point in the paper currency cycle that debt has always been inflated away with only one method- currency devaluation.  That process has already been started, as the trigger has already been squeezed- seen in charts as great weakness in the Dollar over more than a decade period of time………….Dollar inflation.  Historically, currency devaluation has not in anyway been related to the FRB multiplier system that you constantly refer to.  Until you see that fact for what it is, you will continue to fail in your analysis, IMO.

The final devaluation during an environment of inflation, or deflation, always comes late in the cycle creating a great parabolic move in Gold.  As I stated a few years, ago, the point of recognition of that Golden parabola should fall in the cycle between the middle of 2010 and the end of 2010.  We are almost there.  It will be accompanied by Global competitive currency devaluations, the likes of which Greece is only a shot over the bow.  The FRB multiplier system will have nothing to contribute so the economy will continue to erode as will housing.  This point in the cycle is all about a “re-set” of the paper system to Real Money Gold.  After that re-set is complete and Gold has run to its parabolic throne, then the paper cycle including the FRB system multiplier effect will be free to once again start-up in a lessor way.  Along with that start, the paper general markets and real estate will start their usual LT run to much higher highs……………but in terms of a lower re-set paper money value.  It is all part of a very long-term cycle of paper printing rinse, re-set of value lower, and repeat.  It will not change until and unless the whole system is completely changed, but the odds are that will not occur anytime soon.  Why?  Simple.  Nobody really has the gumption to change it.  Everybody is ready to change it until each realize what it means to “his own backyard.”

Everybody and his brother is talking about the great derivative mess, but most are missing the real point.  To remove a cancer, you must remove the whole thing.  The root of derivatives is paper money as paper money has always been only a derivative of Real Money Gold.  From paper derivative money we have moved to paper derivative Gold to paper derivative everything in a process of Greed of humanity.  When our Forefathers created the Constitution and chose only Gold and Silver as money- they were in essence screaming, “NO DERIVATIVES!”  Why?  Because once derivatives enter the process, human greed will always cause men to use those same derivatives in terms of human greed, and leverage will always spin out of control.

A move away from paper derivative money is the only real answer, reoving all other forms of derivatives that are built upon it.  Such a move would essentially necessitate the removal of most all entitlements that have been voted forward due to human greed, and most people’s “backyards” would be adversely affected.  Fat chance of that.  Fat chance that voters will ever vote to change their lives to one of such strict self control.  Afterall, strict self control would require personal responsibility.  Humans seem to always prefer to pass responsibility off to others- essentially demanding big government.  It appears to be human tendency to form groups, and clans, and cliques to extent their rights in opposition of individual rights.  To change any or all of the above, you must change human greed.  Good luck with that one, pal.

——————————————

Those backing a particular inane theory

by kitcoblows @ 20:35 pm.

bandied about here might consider someone with a clue on what the trigger will be for inflation.

www.zerohedge.com/article/gary-gorton-shadow-banking-system-run-and-interplay-shadow-and-traditional-banking

More like “after the facts”

I know i have walked into a complex comment. They are allowed by the complex leadership to receive benefits?

Well…can i say why without being too insightful….votes?>

Wally street buys “things from manipulated information…hmmmm…( such a simple comment, please smile)

can i say?  I have a cow..a real cow…our government allows trillions to balance the wizard’s world of profit the banking fog….

That poor cow is becoming very very rare…compared to the digit  ….i have a cow and you will exchange a honest exchange …so i can buy an egg…smile

ps…goldpanner…your past hard working  fathers arrived here too…to expand???

I will not allow the nonsense of ….well…you are better….insight….a very long time ago we had an opportunity…..a new land mass to get it right…

We ….goldpanner ..you …were GIVEN  rights…you think about it..sir….you look outside the box…

goldpanner….if you were to look around….hmmm…we have all allow something called an illusion of We are better….such a long walk ….Good night .walk well…endeavor to try to understand the future

bottom line….a very powerful old force is endeavouring to regain an old system.

Goldpanner…rights is not on their agenda…LOL.

Charts are generally “facts in graphic form.”  If you despise facts in graphic form, then you essentially despise facts.  Any trail leading away from the factual can only lead to opinion supported by self interest.  In terms of self-interest, there is plenty of blame to go around.  It has taken us decades to get into this mess, mostly because the many point their finger at “individual rights” while they at the same time ignore those same rights in preference of self interest.  You, Sir, are a perfect example.

The charts show that there really is very little different in this time-frame than in the past.  Things might be worse in terms of degree, but in the end we still have paper promises that cannot perform………………….paper debt, paper money, paper contractual promises………….all worth essentially nothing.  As in the past, the paper promise cycle continues to play out in a similar way; and there is nothing that suggests that it will end.  All of the complaining in the world will change absolutely nothing………….Walker…………the talker.

bandied about here might consider someone with a clue on what the trigger will be for inflation.

www.zerohedge.com/article/gary-gorton-shadow-banking-system-run-and-interplay-shadow-and-traditional-banking

As far as I know their are laws in place that make it illegal for companies to hire foreign help when local help is availabe but it does not seem to be inforces when you have more  foreign workers in companies than citizens esp if the one who hires or schedules is foreign.

Well , on to another walkway.

I have just returned from a very long, sunny, spring day hike along a wild surf coast line. Reviewed the last posts.

Comment….any references to this government being enlightened to be duty directed…FUBAR…well caveat directed is the key…by whom for what?

to rape and absolutely destroy the  fabric of the past ….

The Greatest document for a common man….the…BILL OF  RIGHTS..we are being lead into a world of rights being marmaladed into citizen’s privileges….monitored by the new government…naturally protecting you????

Folks …please take the time to take a walk…think “what is a right”…..than think ..what is a government granted privilege …the difference ???…folks….everthing

regarding the runner and his  constant nonsense…past examples of charts and ..sorry 1970s inflation..to give leadership to insight.

Folks…i am just a man…I feel ….we are in harm’s way….I can share with you

i have read information that exceeds most men’s portals..have had chatted with wise men…and others ..smile..

bottom line…the human common sense will be your best trusted conduit….

The marvel really has been ….and can be best described as the greatest illusion in all historical times…the paper game  of fiat….something for nothing…..and the 

well …you all really understand…

enjoy the very bright sun shine coming to our North…this spring.

can i say very bright? again???