Oldtent Archives 2007 - 2008

There is a lot going on,but I can always stop for moment while inside the tent and take a breath of fresh air. Love you guys …and gals. Warren to Augirl ..what an outfit

Maybe a good spot for a tent meetup ??

www.youtube.com/AvoidFraud

“@ the Moonlite,in Carson”

Nevada’s a great place! 

Likewise on the photos,I went thru all of them,plus Beleze story,great info. hope we can meet up and you can tell me of your adventures,maybe @ the Moonlite,in Carson .Later

great photos my friend! cheers. wj

300 DMA = $687.91 = New All Time High

JBI

TOKYO, Dec 28 (Reuters) - Japanese stocks fell on Friday, with exporters such as Sony Corp hurt by a firmer yen and worries about U.S. growth, while the assassination of Pakistani opposition leader Benazir Bhutto sparked concerns about geopolitical risk.

…….more Japan

HONG KONG (MarketWatch) — Japan’s consumer price index rose 0.4% in November from a year ago, registering an increase for the second straight month, according to official data released Friday, according to wire service reports. In October, Japan’s consumer prices rose 0.1% from a year earlier. Data released separately by the Japanese Ministry of Internal Affairs and Communications also showed that its seasonally adjusted unemployment rate was 3.8% in November, as compared with 4% in the previous month, according to reports. The country’s average monthly household spending fell 0.6% from a year earlier, after adjusting for inflation, said the reports.

Nikkei 225, prior to tonight’s trading

Nikkei 225 Index currently down about 1.55%.

More overseas………early trading in Asia/Pacific Region

finance.yahoo.com/intlindices?e=asia

JBI

13,170,925

gold (plus)

We strongly believe that demand for food and the products used to grow food including fertilizers, (Manure) machinery, transportation(wagon) and processing (roses) will be profitable industries in 2008.

…..Greenspan… Rubin… Paulson

www.huffingtonpost.com/james-freedman/ron-paul-real-conservati_b_78248.html

He’s got a lot of people scratching their heads-honesty in a politician is just such a rarity, they can’t see the truth.

….this is in Midas tonite too..

“During the first half of 2007, the global investment markets showed strength yet something did not feel right. There were some disturbing developments within the real estate and mortgage sectors that indicated that a major bubble might be bursting. On August 16, my worst fears as a portfolio manager were realized. On that particular day, the stock market had to be rescued from a panic-driven meltdown as a major credit squeeze swept the globe. This credit squeeze was in reaction to heightened fears of hundreds of billions of Dollars of potential loan and investment losses stemming from mortgages extended to the riskiest class of borrowers, i.e., the subprimes.

It would appear that these fears were justified. Mortgage loans are now defaulting in record numbers. In hindsight, we were lulled to sleep on the subprime situation by our government. What officially was forecast as a Category One financial storm turned up as a Category Three or Four. It might well become a Five. Now, the talking heads in government and media are ranting about the global financial system needing a Herculean fix as the threat of potentially massive loan and investment losses has intensified. Investment rules are being rewritten and central bankers are using every known tactic to shore up the levees. Although the outcome is anything but assured, the faith in the status quo appears to be undeterred. Still, it is prudent to take some money off the table in times like these, and we have done just that.

My eyes have been opened fairly wide during the last few years. Never before in my professional career have I experienced such a large continuing presence of moral hazard in the markets. What exactly is moral hazard? It is the deliberate avoidance of financial pain at any cost. It is when governments do not allow markets to experience meaningful corrections (i.e., bear markets) so that illusions of perpetual economic prosperity can be run up the flag pole. It is when governments manipulate interest rates, currency rates and the prices of oil, gold and major stock indexes to deliver shots of adrenalin to the markets. When moral hazard is present, rational investing is no longer possible in the short run. Only speculative trading is possible, which amounts to betting on what governments will do in the next day, week or month. For conventional investors, time horizons need to be greatly extended in order for fundamental economic truths to exert themselves. The short run is nothing more than casino action dominated by high-stakes professional gamblers as best personified by the hedge fund community.

Unquestionably, moral hazard creates a false sense of financial security that can loiter for very long periods of time. From a purely fundamental standpoint, there is not much that I see fit to invest in today outside of the Safe Harbor category. However, moral hazard dictates that markets can and will make powerful upward moves even when there are no sound fundamental reasons. As a consequence, being on the sidelines with much of one’s investment capital can be costly. This is all the more true when market rescue missions can be launched with little advance warning, except to the inside operatives. Just when the market is supposed to zig, it can be made to zag. This is an effective trap for keeping investors in the market at all times, even when the fundamentals are notoriously poor. Good timing increasingly is a function of having access to privileged information or committing fraudulent or highly unethical acts. I know this to be true because market tops and bottoms do not advertise themselves. They are most subtle and elusive.

Given some very bleak developments within the world’s financial system and within major financial firms, I do not doubt that the world’s central banks are planning the equivalent of a D-Day or Hiroshima to thwart the effects of potentially devastating loan losses and illiquidity that are beginning to draw comparisons with conditions that foreshadowed the Depression years. In 1944 and 1945, D-Day and Hiroshima amounted to drastic actions taken in response to global warfare that had leaped completely off the historical charts. These strikes came without warning and were on a scale without precedent. Both missions accomplished their objectives of bringing the American troops home and within a matter of years, the world was discovering new ways to grow and prosper.

It is telling that in the aftermath of the real Hiroshima, the world simultaneously became a safer place and a more dangerous place. As Hiroshima decommissioned the Japanese war machine, it gave birth to weapons of mass destruction. We continue to be reminded the hard way that we cannot have our cake and eat it too. The more often central banks need to deploy their arsenals to fix problems largely of their own making, the more control they will exert over economies and markets. This is a path toward socialism, which generally results in declining living standards and the loss of personal freedoms. That discussion is for another place and time, but possibly sooner rather than later.

The bottom line is that the landscape has changed for investors. In order to grow our assets, we must take on more investment risk, live with greater investment volatility and extend our time horizons for measuring and evaluating investment performance. A primary objective is to protect the purchasing power of our wealth as we journey through a period of indeterminate length that one day will be chronicled as The Decline and Fall of the US Dollar.”

All the best,
Randy

regarding “anyone know of any good gallium mines” No, I don’t know of any good mines. However, the best prospect I know of is Gold Canyon Resources, GCU on the Toronto Exchange. I don’t believe it trades in US, or if it does, in sufficient volume to ever get a fill. I trade Canadian stocks thru Penntrade, and it works great. GCU has an extremely interesting prospect, partially drilled, in northern Nevada. I do not presently own it, have in the past. If interested, their web site has a lot of info. best- alfalfa

Hi Bill,
when you review the last three weekly statements from the European Central Bank (ECB) you will find out that Hyperinflation has arrived in Europe. The amount of Banknotes in circulation (M0) has increased by an unbelievable annualized rate of 55%.

The last $500 Bill. mega-tender from the ECB is even not included here.

Here are the reported numbers:

Date Banknotes in ciculation Increase
—————————————————
14.Dec 659.561 Bill.Euro + 4.185 Bill.Euro
7.Dec 655.376 Bill.Euro + 9.679 Bill.Euro
30.Nov 645.697 Bill.Euro + 6.414 Bill.Euro
23.Nov 639.283 Bill.Euro

Thus applying simple maths will bring you to the annualized growth rate of (4.185 + 9.679 + 6.414) / 639.283 * (52 / 3) = 54.98 percent.

Reference:

www.ecb.int/press/pr/wfs/2007/html/index.en.html

People in Germany are very concerned of inflation based on experience from the last century: The Weimar Hyperinflation after End of World War I and the introduction of the Deutschmark after End of World War II. The last poll in Germany has revealed that the majority want the Deutschmark back - they call the Euro “Teuro” (”teuer” means in German “expensive”).

But - people are still not ready for Gold and Silver. I am showing evidence to colleagues and friends that the current financial system in endangered to break - and they admit that I am right. But they still do not consider Gold and Silver as an alternative. This is SO BULLISH.

Best Regards from Wiesbaden/Germany, … Peter

Click here: Credit loss could hit $US1trillion | The Australian

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