TQ

The issue is whether you can spend/borrow your way out of a debt liquidity crisis. The Ireland example would say they should have done that - but Austrian economic school would say while it might help in the short run it will be worse in the long run. Euroland is going with the Irish method - we (US) are going with the I will say Japanese method.

For now we have found the answer to the ‘flation debate. It can change tomorrow of course but it is clear now deflation or at least disinflation is what we have. Betting on that you went with perceived “safe” country bonds (as US), cash and perhaps physical and you won.

Now we have to place bets on the Austrian model (pain now but less later) or the helicopter plan of we can print our way out. Place your bets.

aurum

‘ In Ireland, a Picture of the High Cost of Austerity ‘

snip:

‘ Nearly two years ago, an economic collapse forced Ireland to cut public spending and raise taxes, the type of austerity measures that financial markets are now pressing on most advanced industrial nations.

‘ “When our public finance situation blew wide open, the dominant consideration was ensuring that there was international investor confidence in Ireland so we could continue to borrow,” said Alan Barrett, chief economist at the Economic and Social Research Institute of Ireland. “A lot of the argument was, ‘Let’s get this over with quickly.’ ”

‘ Rather than being rewarded for its actions, though, Ireland is being penalized. Its downturn has certainly been sharper than if the government had spent more to keep people working. Lacking stimulus money, the Irish economy shrank 7.1 percent last year and remains in recession.

‘ Joblessness in this country of 4.5 million is above 13 percent, and the ranks of the long-term unemployed — those out of work for a year or more — have more than doubled, to 5.3 percent.

‘ Now, the Irish are being warned of more pain to come. ‘

www.nytimes.com/2010/06/29/business/global/29austerity.html

==============================================

Looks to me like we have hit the point where declining wages meets a surfeit of production.

Well

thank goodness - now I can sleep easy. Problems solved.

aurum

www.bloomberg.com/news/2010-06-30/house-debates-bank-bill-as-senate-delays-vote-until-after-july-4th-holiday.html

WANKA @ 16:15 pm

Well at least we don’t have a monopoly on bozos!  That whole episode makes the cops there in Toronto look like real fools.  If it was here the cops would have at least planted some real weapons…  :mrgreen:

PS  I read someplace that some of the black clothed anarchist troublemaker guys were wearing cop type boots.  You know the ones I mean.  Coincidence?

Hard to beat a classic!

Movie Classics…

http://www.geckotales.com/classic-movies-obama.html

which way will it go george which way will it go! wj

www.youtube.com/watch?v=bs-Q0JmWjj0

another BDI view

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1842373&cmd=show[s175392067]&disp=P

LP another view from stockcharts. best of cheer

011.pngwj

Baltic Dry index falls big EVERY day

About a month ago it was over 4000

ipso facto i guess the more things change as is said the more they remain the same o same

that baffoon chief should be held up for extreme ridicule and charged with felony tom-foolery then burnt at the stake before beheading. what a fraud….and to think canada is as bad as the idiots and mental mongrols we have here. must be the ham-head rent-a-cop dropout mentality that the PTB need hire for thier sham scams. bah on the canada goober! hope the cannuks enjoyed thier $1,000,000,000 billion dollar rip-off…. security!…. my arse….
i’ll stay with me trusty 45. 45colt.jpgwj

Oy dose dangerous Cannucks! LOL!

Weapons’ seized in G20 arrests not what they seem

globe and mail

Today’s Blog: Gold Or Precious Metals Stocks?

This is looking good…so far, at least.  So, in case you haven’t read it, here’s a repost.

http://markostake.blogspot.com/2010/06/gold-or-precious-metals-stocks.html

Marko

Buy Gold

Thanks!

I’ll keep em coming!

Canada Day and U.S. Independence Day Closures

On Thursday, July 1, 2010, the Canadian exchanges will be closed for Canada Day. All interlisted securities will be quoted in U.S. dollars only. There will be no settlement of Canadian securities. The U.S. exchanges will be open.

Additionally, the Canadian bond markets will close early on Wednesday, June 30, 2010 at 1:00 p.m. ET.

On Monday, July 5, 2010, the U.S. exchanges will be closed in honour of U.S. Independence Day. All interlisted securities will be quoted in Canadian dollars only. There will be no settlement of U.S. securities. The Canadian exchanges will be open.

(ez your 13:35) Yes, Gulf sea floor rising is indeed popycock.

The Star business is simply irrevelent period even if I am a certified idiot! Have you seen any change in tide tables reported in recent memory? No. Ask again in a million years or so.

The Gulf floor has been sinking for hundreds of millions of years with local minor time span periods of local salt uplifts and fault slipages and movements. What better proof than seafloor shells and enviroment burried to 18,000 feet at the BP location. Seismic data shows this is also true at 50,000 feet in that area.

Few humans have an understanding and comprehension of big numbers - be they: time, distance, size or speed. Few know beans about this grain of rock in space that we live on - including me as I have concentrated on facts and data that will make me money - not earn me an advanced degree or honors from university scholars. Cheers to all. Deadeye

Breeze

Thanks, I havent had dogs at all till now so its learn through trial and error and second opinions. Just got back from another vet because soothing just didnt set right..like a woman going to  mechanic for a estimate. Besides I dont trust all foreign doctors and seem more focused opn money sometimes. In fact someone I know yesterday got got a 700 dollar bill to replace the motor in her air conditioner. When my moter went out my son checked it, he went to some place got one for 70 and replaced it, but she payed 700 for the same thing. But sons not around to help now butt whishes he could. Anyways NO fox tail so a ititial bill for sedatoon and God knows what else went from 300 about to 100 with meds and no ear flush. Had a ear infection no fox tail. But yes hear they can get in their ears. Also found dog will need blood work like people before surgry for kidney and liver. Dont remember othwr doc. mentioning that. So all and all should have taken it to the hospital instead of a clinic and will keep hh for me till I get off work. So will do it the night before may day off so I can be there and make ure she gets her pain meds. The other place seemed more conserned on just doing the surgery and litle consern about post operation when she wakes up in pain as well as heat here although cooled down. Leaving her alone and possibly in pain and confused after surgery just didnt go well with me.

frr @ 12:31 pm

That was very good!  Sent it on to a bunch of people.  Thanks

Long overdue

Lawmaker sees panel voting to end Cuba travel ban

Reuters) - A congressional panel is poised to take the first step toward ending a decades-old U.S. ban on travel to Cuba and removing other hurdles to food sales to the Caribbean island, a senior lawmaker said on Tuesday.

reuters

lunch off

Spagettii keeps cookin till tomorrow……Im off to Belmopan Stoners….

Good article by Stewart Thompson


8. The gold community fell asleep at the gold wheel last week. I went crazy on Saturday, as you know, screaming, “wake up, the banksters are coming!” By Monday, the GC woke up. Trader Dan Norcini stated categorically yesterday that he believes the banksters are working to paint a double top on the gold chart, placing orders that exceed the current bid and ask by tenfold. The banksters don’t want the gold price lower. They want it higher. The reason they tank the price is to take your gold. They set up gold to fall. They don’t make it fall. The funds and retail investors make it fall. Price falls via liquidation, not buying. When price falls, the banksters are not selling. They are buying. You are selling to them when you bail on weakness. Stop doing that or you will be standing at gold $2000 with nothing. I’ve told you all many many times that the banksters operate at a level way beyond any chartist. They make the charts you read and do it deliberately! They are only 5 billion steps ahead of you, and your only weapon is to buy the weakness when they create it, not to stand around guessing when they might create it. Or worse, turning yourself into a puppet they dangle around saying, “Look everybody! It’s a double top! Sell everything if it breaks!” It breaks. You sell. They buy. End of story. End of YOUR story.

321gold

Gulf oil - more confusion?….. ah, why not?

Here’s an even different take: source ???? Just consider it another opinion, i guess, but I believe Planet X is coming.

Deadeye, Is 4th paragraph down, talkin about gulf sea bed rise known by drillers,…. pure poppycock?

Here’s the quote from an email: Feel free to comment.

“Wow . . . this approaching brown dwarf star is plausibly
as massive as 10 to 12 Jupiter-masses! That is as much mass as about
3,200 Earths. This estimation makes sense to me, considering that
most sources we have heard from believe that it is a brown dwarf star.

Now, Dr. Robert S. Harrington, formerly the Chief Astronomer of the U.S.
Naval Observatory, did say: “it’s a nice good planet.” So, it seems that
he did not realize then, way back in 1991 while it was way out in deep
space, that it is likely a brown dwarf star. However, attached above is a
.jpg photocopy of the actual front-page Washington Post article of
December 30, 1983, which I photocopied from the archives at my county
library. The article announces the discovery of a celestial body,
“possibly as large as Jupiter;” moreover, possibly a “protostar” (a brown
dwarf dark star, which, by definition, is at least 13 Jupiter masses).

Elaborating on your estimations below, as this brown dwarf star
accelerates into our inner Solar System, being gravitationally attracted
to our Sun, its enormous magnetic forces are increasingly boiling and
churning Earth’s magnetic core, while this brown dwarf star’s enormous
gravitational pull is plucking upon Earth’s crustal surface, buckling
seabeds, such as in the Coral Sea and in the Gulf of Mexico,
generating sinkholes all over China, and generating unprecedentedly
frequent high-magnitude earthquakes.

At least three years ago, xxxx, a veteran of the Persian Gulf War who
maintains contact with certain acquaintances in the government, told
me that a geologist friend with the U.S. Geological Survey told him
that they were surveying the seabed of the Gulf of Mexico for great
oil drilling opportunities, and that they expect to see land masses
rising up from the Gulf of Mexico seabed.

So, it seems that pieces of this puzzle are fitting together. The global
power elite foresaw the Gulf of Mexico seabed rising, were overcome
with oil greed, but knew that in the next few years they would have to
flee the Gulf when the newly popping undersea volcanoes start to break
out, like hives, all over the planet. And they knew that, in order to
forestall (not preempt) public panic, they would have to make it look
as if corporate recklessness had caused the Gulf of Mexico to burst
up, bleeding . . . because if the people were to discern that natural
disasters are exploding all over the Earth, then these power elite
controllers of the masses would have the reigns of global enslavement
abruptly yanked out of their greedy fists, as the docile masses panic
into a state of crazed chaos and defiant rejection of tyrannical tethers.

The power elite are scared, because they know that there is no way
that they can keep the global masses from panicking, as this
approaching brown dwarf star (formally named “Planet X” by the
world’s community of astronomers) increasingly molests Earth’s
land masses, seabeds and molten magnetic core. The elite can
only forestall public panic for a short while.

It is becoming conspicuous that their Plan B is to go underground,
a fact which Gov. Jesse Ventura has vividly documented with his
TruTV film footage of the elite’s elaborate underground cities beneath
the Denver Airport, and deep within the bowels of Cheyenne Mountain,
Colorado.

This brown dwarf star’s plasmatic (electrified gas) coma is both
electrostatically and electromagnetically exciting the Sun, provoking
the Sun to sneeze forth blasts of solar flares which the National
Academy of Science and the National Aeronautics and Space
Administration officially state will likely damage or destroy the world’s
power grids and the associated electronic global canopy overdraping
modern civilization’s luxurious bed of comfort.

The result will be abrupt reversion to primitive life for anyone who
can shelter themselves from the lethal solar scorching.

Those of us who do not protect ourselves from the solar scorching
will not have to worry about primitive living. Conversely, the power
elite have long been prepared to weather the coming solar scorching
by making us pay for their underground shelters. Although the N.A.S.
and N.A.S.A. say that 2012 is the year to expect this solar scorching,
the Sun will not switch from normal to scorching in an instant, like
the flipping of a light switch. Rather, the solar scorching is already
gradually intensifying. It is imperative that we, the citizens of the
human race, establish a widespread correspondence network, in
an effort to protect ourselves from the coming scorching, since the
power elite told Gov. Jesse Ventura that the people are welcome to
knock all day on those multi-ton underground steel doors.

John DiNardo planetxnow@yahoo.com
~~ The Movie, KNOWING graphically depicts this solar scorching ~~
www.youtube.com/watch?v=5j8nuUVByrU

Remember to view the Washington Post announcement, attached above.”

End Article Quote

Access market

 here comes the Cartel and their games. Bastages.

Silver

hanging tough into the Crimex close - nice to see.

WANKA - I think I’ll take a nap too, just ponder a simple waiting list my friend.

MARKO - you are a great addition to the board - keep em’ coming.

back on the job

uxg called in sick with the flu the last couple days, but is back on the job. up sixteen cents last i looked. :)

frr

Thanks for the McAlvany post ,,Wow ,Good Stuff