Austerity whips up anger

I don’t blame them…Government dosen’t want to work..just continue to live off of the private sector .Government MUST shrink..everywhere !

Thats at the heart of every deficit.  TOO many living off of too few.! They will TAX ,borrow steal from your childrens future confiscate assets ..anything except go back to living in the private sector .They think they are a ruling class and must be made to deal with real world …they are NOT ROYALTY !

To much of a good thing.

mae_west.jpg Can be wonderful.  Mae must have been a Goldbug,

International trust

Any reference sites or books to learn more about this beastie?

beastie

Now your getting the picture clearer…..open the account ..keep everything in the company name …have bank as intermediaries as a shield…but you can administer it because they know you …no questions asked….wait a minute …where did I hear that before….hmmm..oh yeah Tottsville 2008…..and by me on this board 25 times. or more…good job though…very proud of you…yer on the right road….now yer last hurdle is the financial investigation unit of the country you pick… which is the groundwork I am laying for about 30 others down here… it is soooo good to see someone get it…….

Silver

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Bubble, what bubble? Google trends search for gold bullion

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Search popluarity by country:

1. India
 
2. Australia
 
3. Singapore
 
4. New Zealand
 
5. United States
 
6. Canada
 
7. United Kingdom
 
8. Germany
 
9. Italy
 
10. France

‘ How you paper bugs doing?

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Equisetum @ 18:31 pm I’ve been following that

story somewhat.  I think it has merit.  It is becoming popular to buy land and rent back to the farmers.

question about trust answered

Found the answer and it’s pretty simple. Set up an off shore trust fund which I can legally administer and is basically untouchable by anyone. The only thing to be careful of is everything has to be in the trusts name. Banks a/c’s etc.
So if anyone is worried and concerned about getting their cash out of harms way this is one way to do it. Now who has a stable currency? Anyone? Trustworthy, off shore, allocated, Bullion backed trading platform?
“It’s sometimes better to just control money than own it.” Comex/ LBMA

September 28, 1972….

Paul Henderson’s goal of the century…

Austerity whips up anger, protests mount in Europe

Austerity whips up anger, protests mount in Europe

BRUSSELS (AFP) - – Painful cuts by overspending EU countries come head to a head with mounting social anger on Wednesday when labour leaders call angry workers onto streets right across the continent.

Set for its largest Europe-wide protest for a decade is Brussels where labour leaders are planning to bring 100,000 people from 30 countries to say “No to austerity!”

“We will demonstrate to voice our concern over the economic and social context, which will be compounded by austerity measures,” John Monks, general secretary of the European Trade Union Confederation.

The protest, the biggest such march since 2001 when 80,000 people spilled into the EU capital, is being held to coincide with a plan to fine governments running up deficits.

Detailed proposals are due to be released that day by the 27-nation bloc’s executive arm, the European Commission, with the continent’s finance ministers also gathering in Brussels this week.

Millions of jobs fell off the European map in the global downturn and many more look set to be squeezed as governments axe public spending.

“This is a crucial day for Europe,” said Monks, “because our governments, virtually all of them, are about to embark on solid cuts in public expenditures.

“They’re doing this at a time where the economy is very close to recession, and almost certainly you’ll see the economy go back into recession as the effect of these cuts take place.”

In Spain, where trade unions have called a general strike on Wednesday, unemployment has more than doubled, with one in five workers jobless in July.

Madrid in consequence is looking at a drastic overhaul of its labour legislation to ease flexi-time and hiring and firing. Pensions are frozen, wages cut for civil servants and VAT taxes on the rise.

But elsewhere labour leaders are equally concerned. At a glance: The human cost of the crisis in Europe

Portugal’s leading labour confederation, the CGTP, which is close to the communists, has called protests in Lisbon and Porto and hopes for more than 10,000 participants.

Poland’s main unions, Solidarity and OPZZ, expect “several thousand” at a protest outside government headquarters.

Similar marches are scheduled in Greece, Ireland, Italy, Latvia and Serbia, with labour leaders across the board clamouring for growth and protesting the injustice of workers paying for the errors of the financial sector.

“Those responsible for this crisis, the banks, the financial markets and the ratings agencies are all too quick in asking for help from states and public budgets and today want the workers to pay for their debts,” said French labour leader Jean-Claude Mailly, who heads the FO union.

But while Europe tries to clean up its post-recession books, a backlash has begun among voters focused on vast anticipated numbers of public sector job cuts.

The worker backlash was clearly seen in Britain, where Labour unions, lawmakers and party members handed their leadership to left-leaning Ed Miliband — in a surprise, last-minute defeat for his better-known, more centrist brother and former foreign secretary David.

“We’re a rich part of the world,” said Monks.

“We’re going to keep this campaign going, fight for growth, fight for jobs, fight to protect social Europe. Don’t go down the austerity route.”

Fully

why don’t you just put that $100 in the TENT account, can’nt find a better bet than the Tent for $100 !   Unless, you want to bank roll my next golf outing!  :-)

well i guess buttercup’s pc works?

just geting the bugs out and updates in on my ‘evil twins’ laptop.
ignore his rants mom liked me best anyway. toon2j1.gifwj

now for the big time!

where’s that wanka i have a few choice wiords for him! i do! bc–thats buttercup to you yeah!

In Guatemala Now - For those of you who like fishing…….

Went fishing with Carpio, Irish’s renter, the last day I was in Belize.
Click here for a link to the story on my blog.
It was a great way to spend my last day in Belize!.
More posts a’comin’
Cheers for now.
John

neet i passed the test! bc


this is a test from my laptop ..bc


Anthom 17:13 Uranium’s Picking Up!!

Just in from work. Yuck, 14 hrs of slogging today.

Seeing my uraniums pick up is a welcome boost to the PF

I agree PNP.T is poised to breakout on the merits of its gold and uranium holdings. Not withstanding Sheldon has been on an insider buying spree himself and Pinetree is still to execute its share buy back program.

Mrs Winedoc has a baked Salmon dinner ready in a few minutes and I’m enjoying a Chablis Gran Cru with that

Cheers back at ya

Winedoc

We hit a record 1311.20 today

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Deadeye (18:48) If you draw a 150-200 mile radius around where

Silverngold lives (I dont know exactly where he lives, but I know something about the mineral potential of the general region in which his operation is located), then I think you will realize that local region has copper, molybdenum, silver and gold potential (no commercial petroleum potential to my knowledge, bit some coalbed gas commercial potential in the Hat Creek area).
So why not keep in touch with Silverngold because he may have future insights of value to investors interested in future mineral or coalbed gas development in that part of British Columbia. In my opinion, local knowledge is always valuable - and I value it, from people like cannuckgold, Silverngold, Its_real and others in western Canada’s resource-rich regions. Cheers. Equiz.

Hourly Action In Gold From Trader Dan

 

Posted: Sep 28 2010     By: Dan Norcini 

Dear CIGAs,

What a difference a set of lackluster housing data can make! It sent the Euro soaring, the Dollar tanking towards .79 on the USDX and the precious metals soaring.

Based on the large increase in open interest in yesterday’s session ( + 10,565), the small price range and the fact that it all occurred with gold at the $1300 level, it is now apparent that the bullion banks were making a concerted effort to cap the hold the price of gold from breaching $1300 especially on a pit session close.

All in all, a large number of fresh shorts were then instituted at or near that level. Guess what – someone came into the market after the lousy housing data was released this morning and blew every one of them out of the water. Within a minute’s time, a surge of buy orders took price right through $1300 completely negating the overnight selling pressure and forcing a short covering burst on up to $1304 before prices subsided a bit. Then momentum buying came in pushing prices back up again as the market moved on up towards $1310, topping out at another record lifetime high of $1309.20. A brief lull followed which led to yet another burst of buying this time taking prices above $1310 with relative ease before once again it set back a bit.

Silver followed suit after dipping as low as $21.06 overnight as it took out its 2008 peak before setting back a bit. The close over the March 2008 high has it now looking poised to make a run towards $25. I am just projecting resistance levels at this point but that does appear to be the next likely target. There is a bit of resistance that could surface just above $22 prior to that.

The HUI is in the process of attempting to make another run towards 510. That still remains the last barrier prior to formidable resistance near 520. Nothing has changed in regards to that chart; the index needs to push through that barrier preferably on a weekly closing basis, to indicate that the mining shares are finally breaking out strongly to the upside. Were it not for the continued hedge fund ratio trades, that level would have already given way. I suppose they feel as if they can ride that trade a while longer yet. We’ll see. If makes infinitely more sense for them to take the long side of the shares and the short side of the broader equity markets since any QE2 will feed directly into Dollar weakness, gold strength and continued reflation trades.

On the currency front I was struck by the fact that the Swiss Franc has now notched a one year high. How much money did the Swiss monetary authorities expend in attempting to weaken the Franc not all that long ago and look where it got them!

The problem remains the same – the US monetary authorities are “out debauching” everyone on the planet with perhaps the exception of the Japanese monetary authorities although I am beginning to wonder if the BOJ is effectively finished as the most powerful foe of currency traders on the planet. If so, it has died a rather inglorious death certainly not in keeping with the history of the Samurai. The yen is almost right back to where it was prior to their huge intervention efforts less than 2 full weeks ago. If they cannot knock it back down any better than this, then what does that say about their true power? As I have stated repeatedly, the Yen is becoming a serious political issue in Japan for obvious reasons as their economy relies on the strength of its export markets. The strength in the Yen is choking off sales from that sector eliciting howls of disgust and disapproval from powerful, well connected business leaders. We will watch with great interest how this plays out. The Swiss were forced to throw in the towel on the intervention front; will the BOJ be next? If so, we are watching history.

Perhaps we need another sequel – “Last of the Samurai – Part 2”. Tom Cruise can reprise his role leading what is left of Katsumoto’s army against the armies of Ben Bernanke (whom we find out is a distant cousin to Omura)  who mows them all down with a printing press which spits dollars out at blinding speed wrecking the entire countryside after filling it with corpses.

Seriously, as much as one might try to find a fundamental reason to buy the Dollar, there just does not seem to be any. It is evident that the Fed has made the determination to sacrifice the Dollar on the altar of expediency. There is not a country on this earth that is polluting the planet with as much paper as the current Fed. Then again, that might explain cotton prices at new 15 years high since it is my understanding that the “paper” the Dollar is printed on is not actually paper but a cotton fiber blend. How much cotton is it going to require before Ben gets “inflation back to levels consistent with its mission.”

Back to gold however – the push through $1300 is a remarkable display of strength and determination on the part of the bulls who simply keep coming in and buying dips in price. The report is the same – dips in this market are shallow and short-lived as buying sentiment remains very strong. What we are seeing is the market becoming increasingly focused on that recent FOMC statement with the expectation that Bernanke is going to pull the QE2 card out of his sleeve and play it. That’s what is feeding into the bond market, the Dollar, and the precious metals.

Speaking of bonds, the long bond pushed up through last week’s high on further anticipation of the Fed buying every debt issue in sight. The chart pattern indicates a push back towards the recent peak near 137 – 138 is in order should further economic data releases continue to confirm the sluggish pace of any so-called “recovery”. The FOMC has made it clear that they will do whatever it takes to avoid such an occurrence. Bond traders are taking them at their word. If the bonds get back up to that level, it is going to be most crucial moving forward how they act up there.

Keep an eye out for possible downgrades coming out of the Euro Zone. That might put a bid under the Dollar for a short time as the Euro could come under some pressure. So far the Forex markets appear to be discounting that scenario. Either that or they are so eager to sell the Dollar on the QE2 play that they no longer care. If that is true, heaven help our nation.

Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini

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euro reserves

As I recall, A/FOA said that ECB Euro reserves were to be 85% paper and 15% gold bullion, non-convertible. With all the EU paper coming into play recently, does anyone know if this ratio still holds? I have not read nor heard of it mentioned in the past number of years.

Anyone.

(silverngold) your 10:47 re my 10:12 Chemtrails –

OK, I have become a troll and a detractor - I have a defenseless position against chemtrails. Go head turn this site into gold chemtrails. I am out of here. Deadeye

you can’nt make this stuff up!

Bank of England official to savers: ‘Start spending’

by CalculatedRisk on 9/27/2010 10:28:00 PM

From the Telegraph: Savers told to stop moaning and start spending

[Bank of England deputy governor Charles Bean said] “Savers shouldn’t necessarily expect to be able to live just off their income in times when interest rates are low. It may make sense for them to eat into their capital a bit.”

Mr Bean said that encouraging Britons to spend was one reason why the Bank had cut interest rates.

In the U.K., savers are receiving about £18 billion a year less in interest. In the U.S., using the monthly personal interest income data from the BEA, interest income is off about $143 billion from the peak - and falling …

Sprott sees a future in big Saskatchewan farms, including aboriginal co-ownership of some of them

Cannuckgold, please keep us posted as this develops.

www2.macleans.ca/2010/09/23/investment-house-on-the-prairies/