Oldtent Archives 2007 - 2008

but I didn’t know you were a real poet as well.  Your talents are many.  Very thoughtful verse I say.

HONG KONG (MarketWatch) — Singapore’s economy contracted 3.2% in the fourth quarter on an inflation-adjusted basis, marking the first time the economy has shrunk in 15 quarters, as slumping factory output weighed on growth, the government said in advanced estimates released Wednesday. The contraction follows a 4.4% expansion in the third quarter, Singapore’s Ministry of Trade and Industry said. The slowdown was brought on by deceleration in the manufacturing sector where growth declined from 10.3% in the third quarter to 0.5% in the fourth quarter. “This was largely due to a fall in the output of biomedical manufacturing,” the ministry said in a statement published on its Web site. The ministry also noted fourth quarter growth in transport engineering expanded at double-digit rates while the construction industry expanded 24.4%. The ministry said Singapore’s economy likely expanded 7.5% for 2007. .

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9:01 Hang Seng Index down 0.7% in early minutes of trading….
……..rest of Asia/Pacific Region
finance.yahoo.com/intlindices?e=asia

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Aussie GOLD stocks……

tinyurl.com/rb8sc

JBI

13,195,405………………

The more I think about this labour thing, the more exciting it is.  Just think what could be achieved in terms of growth, or leisure, if all those skyscrapers full of government employees were emptied and the people put to work in productive jobs.  Their health would improve imediately.  This would then free up millions of administrators (not anti-productive, just non-productive) who had been employed to put into effect the dictats of the bureaucrats - collect taxes, fill in endless forms for no one to read, etc.  More people back to basics.  Doesn’t look good for downtown commercial real estate, though.

And if you ever desire to come down under, you will be most welcome at my little Belize-on-the-Range for a sojourn.

The United States had it;s most explosive growth when Andy Jackson did away with the Second U.S Bank’s charter. And also nary a dime was paid to the government by the laborers of the country all through the early to mid 1800’s. Any govt. jerk that tries to twist those facts is a damm outright lyin S.O.B A new year starts and I want to make sure I survive so no matter what age I am when the time is right I’ll be back. Never fear ,there is always a crack in the armour somewhere. You will always have a roof food and good company if ya come callin in Belize

..should be required reading for High School……it was in my day….

…..Lets see If I can give you Easy Instructions…

1 Go to Posters Paradise from the Goldtent Home Page

2 Go to Log in….and enter your Name Wisebeard2….and your Password…

3 a Blue page shows up…click on ( Enter) ..Beside Posters Paradise…at the very top

4 A gold page opens..which is the Paradise Board…you can read all the posts..like Gold Eagle ..the last post is first..

5 Since you are logged in…..you can click on Write a Post…in the Top Gold Bar under Posters Paradise

6 a Blue page comes up…type the title of your post in the Title Box

7 then bring your cursor down to the Bigger Box and write your post…

8. then hit the Publish box just below your post…and it will be published on the Board

9 if you get the Blue Page next…just go to the top abd hit Enter again and you will see your post at Paradise

10 sometimes you will go directly into the Paradise site without having to do 9

11 to post again….start at 5 above….

And then you have the administrators, who, frequently, far from not contributing to economic growth actually reduce it.  The prime example being govt. bureaucracies.  Their output is counterproductive.

Consider how much less time we would have to work if we were not supporting the non-productive bureaucrat.  They, of course, would have to do some real, subsistence level labour to survive.  That could be an interesting sight!

Gold up $5 and silver $.10

Maybe this will be that shocks even the conservative gold bulls.

My problem is my bias that I think a farmer or forester who captures a product formed from the sun’s energy or a miner who brings to the surface some ore that has market value is doing more to “create” wealth (economic growth) than is the labourer who washes your car or the Goldman Sacks broker who collects a commission from you.  All the latter is, in my opinion, secondaty spinning of wheels and cash changing hands.  But, alas, probably 99 % of us here on Goldtent are in this latter camp, just doing our part to keep the money circulating, maybe occasionally someone throwing in some “value-added” step to add some extra economic growth.  I always default back to the originators of wealth and economic growth, those who harness the energy and the mineral wealth of the earth.  I like all of mankind, but have a special place in my heart for the primary initiators of wealth who dig it out or harvest it so the rest of it can circulate the benefits repeatedly.  What a wonderful world Mises painted for us. 

And a happy New Year to you.  Equiz.

sckpak, Steve, I registered over at the Tent a long time ago, but never got the hang of using it. It’s a bit more complex than here on RB. So if you’re able, and willing to do me and dbbaba a favor, please tell him that I can be found here on Raging Bull, the CALVF board. I did re-register at the Tent as Wisbeard2, but still cannot figure how to use it. I remember the handle “dbbaba” but it must have been when I posted on the Gold-Eagle forum. I haven’t posted there for a long time, but look in from time to time. I’ve also seen your handle “sckpak” and ganndolph’s there at the Tent, but don’t know how to respond.

ragingbull.quote.com/mboard/boards.cgi?board=BB%3ACALVF&origsymbols=calvf

Thank you for the commentary; I a struggling to resolve this complex question into a more simple one. I take this approach from my Grade 13 (Ontario) calculus course.  There, if I remember correctly we we often treated to a more powerful equation that allowed a six to ten step solution, which would take pages if solved with more elementary equations. [My university courses gave me some skills with comparative analysis, summary of large issues into briefs, and the development of an academically critical approach.]

So this is my model: first, find an issue, as outlined by a known authority; then find a countervailing opinion by another authority; then collect a large and hopefully representative sample of facts which I believe can be used to outline and to describe the problem.  Then arrange them in groups and patterns.  Then name the patterns and use the names to interconnect, develop, and resolve issues that appear.  I have used this method rather successfully from early 2000 onward, when I first identified that the US dollar at that time [around 115 and going to 121 before turning down] was about 30% overvalued when measured against the Australian, Canadian dollars, the British Pound, the French Franc, the German Mark, and gold.   So when it hit 80 some years later it seemed that the little exercise in 2000 had been worth the effort.  This was my first article at GE.

I use a similar method in my chart analysis, also with some success.

Those challenges pale in comparison to that which is before us now, which is to  describe, understand,  and develop a usefully predictive model to guide us through the coming few years or so.   I find these puzzles much more interesting and satisfying to study than the ones in the daily paper.

My grandfather, a physician and surgeon, was quite a good diagnostician, and my father, his son, enjoyed the challenges he found in the Canadian Air Force, like this one: when he would study, develop, and practice in a Harvard a flight path for days to develop one that would take his flight group directly overhead the “Salute” at the moment the incoming Commanding Officer was exchanging salutes on the Parade Field with the outgoing one.  So I guess this runs in my blood.

I appreciate each of your efforts tonight to add some perspective to the questions which have arisen, and have no doubt that they will help in the development of my overall understanding of this important issue.

I am looking forward to studying this at length.

Cheers, TQ

Great stuff in the last couple of hours from TQ, frr, ferret, Equisetum, Ment 17, and Gary North on Ron Paul via Maya.

Happy New Year everyone, and may it be a golden one.

Zimbabwe has mineral wealth in the ground and lots of cheap labor lol

1)economic growth must be mutually beneficial,

2)with voluntary exchange.

3)consumers spend part of their income on goods and services to satisfy their most immediate wants This drives current production.

4) Consumers “save” part of their income

5) This drives entrepreneurial investment in future production and leads to the development of
sophisticated capital markets.

6) Private contracts,

7)competition in markets,

private institutions that allow for capital investment and accumulation

eight situations needed for optimal economic growth. mises

And February GOLD is up $3.70.

JBI

PS - GOLD’s 300 DMA begins 2008 at $689.61, another All Time High.

13,194,790……………………

Nice five-week breakout on ECU. Going through next resistance at 2.45 would help to get it moving.

http://stockcharts.com/h-sc/ui?s=ECU.TO&p=D&b=5&g=0&id=p11247659148&a=96695410