Loading ...Thanks for mentioning the comments and charts posted by Dan Narcini. As Okie has discussed at length……”if ya want to know where gold is goin’……follow da wheat.” My how market history doth repeat it’s self. Thirty years seems but an instant in the life of the market. All the best.—–aggie.
Really steeping as of late. Supposedly this will help the banks as they borrow short and lend it back out long. Note Bernanke’s comment one year back that the yield curve could stay ‘permanantly flat’. HA, HA, HA!! Historians in the future will go back and read all the stuff he said (e.g., that this problem would not spread out of sub prime and that it was ‘contained’) and make a mockery out of him no doubt.
IMO the problem is that many banks won’t be able to take advantage of this drop in short term rates to lend long because their balance sheets are so ravaged / undercapitalized. Additionally, they are being forced to bring many of these ‘assets’ back onto their books and this will only accelerate if the bond issuerers go under. I’m sure they’ll find a way to get the banksters out of this jam especially in an election year…but it is still gonna be interesting to watch from the peanut gallery. I can see this yield curve spiking shortly to new highs as short rates are brought in lower and the long end rises dramatically.
First, a comment to Cosmis/Chaz. Thanks for your stories, the written documentation, you have provided of your experience and trip to Belize.
AuGirl…thanks for the picture….eyes and smile not soon, if ever to be forgotten.
Irish, Job Well Done. Thank you for carrying the ball, being the driving force you are….for always forging onward. Said it before, dont mind repeating it…..Proud of You. (And Farmgal2)
Used to be, at a point not that long ago, months would tick by the calender….before it seemed any real news of an alternative place for hopes and dreams would be mentioned, spoken about…(Belize?). Seems the reasons to consider/contemplate such things….well, it seems they appear more frequently. If not almost daily, than certainly weekly, as we watch the World Economic Chaos churn ….and eventually burn.
Reading, or listening to the main stream news, even I admit, somedays it is hard to cipher the Real Meaning….the Truth. But I think most that are fortunate enough to read these pages, have made a place of learning under the Tent…..know, if we have learned to trust our hearts, instincts, …perhaps a ’sixth sense even’….most know things are not what they appear to be, or what the ‘talking heads try and tell us’. Times…they are not all that good. Fact is, I can see much more on the ‘downside’ yet to come. (Course, officially, if ever admitted at all….the report will be too little too late, for most Americans)
Things changin almost too fast to keep up. Only a couple weeks ago I read about Congress trying to pass…(maybe already has)…an ‘Exit TAx’ on Americans moving thier wealth overseas. ????I am having to rethink some old thoughts. Thoughts, that maybe/perhaps….in this ‘Modern Day’ they would resort to confiscation of our Gold and Silver. The idea, no longer seems so far fetched. Especially after the past couple years as a few ‘News Stories’ have attempted to tie gold, to ‘Terrorists and Drug Dealers’ and Money Laundering’. I wonder….??
And, I think tonight of a few conversations/observations that has happened to me in the past month or so. I will share these as a few ‘bullets’ tonight:
* A son, who confessed to me a week or so ago….’Dad, when you first began to speak of things like the ‘Bilderburgers….and Bohemia Club Meetings…of Jekyell Island….of most of what I mentioned….I thought you might have lost it….gone off the deep end. Had drained one bottle of Jack Daniels…..had one too many Post Trautmatic Experiences…..one nightmare too many”. While Son may not agree today my thoughts/calls have been 100 percent accurate….I think, he has reached his own…(and that is the only way….for each of us to reach our own conclusion)…but in recent times has said…”I think you…(meaning me) have been more right, than wrong’. And happy that he as applied for a passport. And stayed up most of last night on his own….following the Belize Elections. Think…he is beginning to think…..about how to best protect his family….and perhaps…where a better future may lay?
Dont pretend to me any prophet, any see’er of future events. Dont think I am at all smart, or know things that the average person dont. Dont think….let me be honest tonight…most days, I figure I am the dullest knife in the drawer. (Hey! I got my reasons for thinking so…grin)
DO Think, it dont take a whole lot of smarts, to see, that this Country, yes, even FAll St….has serious problems. And dont think it takes much of thought, or imagination, to understand, things might just get a whole lot worse….before they get better. ?? And, think tonight…..that this generation, unlike those that survived the ‘Great Depression’…might even begin to understand how ‘worse’ things can get. ??
Figure, ‘They’ can continue to lie. Hide M3. Make positive headlines/statements….for example..”INflation is contained”, or “The Subprime Will Not Spill Over to Other Areas’. Think….some can say anything, will say anything, to keep the current game/system going for a bit longer. Also think, a lot of folks, even if not from the country….know the smell of horse excrement when they smell it.
Some here, have been on this Golden Trail….for at least five years. I still remember all the ‘talk’ of the Great Party to be held when/if gold hit $500. The five hundred trail marker passed, and few had recieved the ‘Windfall of Riches’ that they expected. We now knock on $1,000/ounce prices….and still, many have yet to ‘bank’ the ‘Irrational Exuberence’ of ‘Wealth Untold’? Fact is , While the majority of those that have owned, held, the physical have seen profits. And those that have not been cheated out of thier ‘inhertince’ by ‘nickel flipping paper stocks’ have mostly shown impressive gains. (Impressive as compared to most paper investors) Not so ‘impressive, when considering inflation has been running above 10 percent for the past five years. But overall, the ‘buy right, hold tight’ advice of a few ‘out of fashion’ folks….has provided some measure of relief….as the dollar fell from 120 to mid 70’s.
(Pretty sure, most of us, have fared better than the best talking heads at CNBC)
And, this ole Farmboy….who admits to having some tough days/rough nights….who continues top battle with ole Jack Daniels….not an aspiring trait I admit….but being honest. Thinks, along with our gold and silver ‘backup plans’, perhaps in view of recent other commondity prices…(I dont view gold and silver as a commodity…but some might). But thinks, time runs short, not on our side…..to make serious plans for the next 5 years. Time to think….when grocery store shelves run empty….(or govt puts ‘price controls’ on needed food)….time to think where the best place to make a ’stand’. Got some land? WAter? A John Deere? Can protect the source of nourshiment from growing hungry crowds? And food, although something I have found is nice to have at least once a day…(grin)….what of medicine, or energy, or shelter. The winds of change are blowing. The skies and clouds turning darker, almost by the minute it seems.
In recent months, the past year…I have been called a ‘coward’ for even considering another place and land. Perhaps, that should give me reason to reflect on my choices? It dont!
Learned a lesson from the past. (Maybe I am a Coward?). But better a LIVE coward, then to be, a DEAD Hero? (And, for what it is worth tonight…..I dont think it is the character, action, of a coward, to think of moving self, and family and friends…out of harms way)
Have taken the past 8 years to look hard at a ’safe haven’…a place that might afford some protection. To be honest, I aint ever found no place to be called ‘Paradise’. Have looked, enquired long and hard….and it seems….there is always some measure of compromise….even the ‘Best’ choices, have both, pro’s and con’s. Seems, each of us will have to decide to make a stand, somewhere?
What do I know tonight? KNow that Irish….has a heart of gold. Know, he has been, and continues to pave a way to those, who seek Freedom….and a choice. Know, and this is really important to me….I know, he had many choices, selections….and spent his a small fortune to seek a better place. And that he offers up his experience/research/…..his experiences…to any who will heed the call. Also know…guess I know….based on the recent ‘Super Tuesday’….that most have yet a clue. Know little how to protect self and family. Seems, the figures keep coming in around 95-97 percent….that either ‘dont know’, or ‘cant move’ on what they do know.
Seems….those figures are about right. For my generation. Too many get thier views….are told thier views….by listening too, watching the Media. And that, may in the end, spell the end for a lot of good folks…who in thier gut/heart…..knew better. Have always thought, one thing to know….one thing to ‘ACT’. And that difference, may one day make all the difference?
Some thought Gold and Silver to be ‘THE ANSWER’. Probably, most likely, gold and silver will play a Major Role. Also doubt, (perhaps just my insecurites here)….but understanding something of energy, and food…..and freedom, will also play vital roles in the years ahead.
Best, Farmboy….(who thinks If I was half as smart as I think I am….would be more like EX Pat….and already could have/should have….been ‘colored ‘Gone’.) Told ya I was slow….lol!
It is Australia’s biggest goldmine, swallowing what is known as the world’s richest square mile of dirt.
But the Super Pit, in historic Kalgoorlie-Boulder in Western Australia, is also eating the booming city it is helping sustain and literally shaking its residents to their foundations.
It defeats me just a little to even have to say some of the things I want to in this post. There is a longing deep inside me that wishes I had more time. I only discovered who Ron Paul was about 4 short months ago. The last 2 I spend talking, converting, praising and working toward his future election hopes.
I am a very competetive person by nature and I can’t stand to lose at anything. The first(and only time so far) my son at age 7 beat me a a video game, I thought I was going to lose my mind. :) There are somethings in life that are not meant to be. While I look back on the time spent and the time still yet to come working to make sure my son can continue to beat me at video games in a free country, I start to gather a feeling that comes from the pit of my stomach and works toward my heart. Despair is an emotion that can sap ones strength and force of will to continue fighting for a cause.
I think back to Washington at Valley Forge during the winter watching his men starve and freeze to death in the cold winter. I wonder what emotions and thoughts went through his mind as he assesed the situation. I wonder now if some of his thoughts about freedom and the possibility it could all be sliping right through his fingers are the same as I have had. He was a greater man than I, but still just a man who did what he had to do for the cause.
I want to encourage you tonight as you continue fighting for our cause. I wanted you to know you are not alone in the dark. People like you and I are out there fighting all across America to try and save her from herself. Abraham Lincoln once said ” America will never be destroyed by anyone outside her borders. If she is to be destroyed it will be from within.” I have learned much from the tent just as you have. This place right here is enough to encourage me that we are not alone. Even if we fail, we have still succeded. We have learned what it means to fight for something greater than ourselves. We understand more now than we did just a few months ago. If we are to leave America one day for other lands of freedom we will take this knowledge with us. Knowledge we can share with others and with our children.
We will have the ability to find and secure a new land where the message of freedom is not lost and forgotten. As long as freedom exisits there will be those who will carry on the cause. Even though I know it is hard and I share in your time of darkness and disapointment, this is not the end of the road.
I hope you have learned as much as I have what it means to be a patriot. I used to think you had to be a part of a great war or battle to earn that right. I always thought I could never see myself as an equal in their eyes. I may not have had to make the ultimate sacrifice but I know in my heart I can call myself a patriot. You should be as proud of that word and it’s meaning as I am.
You have my best and warmest regards for what you have done in serving your country. I can only pray and hope this is not one of the times God decides not to answer our prayers. If there is anything I can ever do for you or an inspiring word I can say to you do not hessitate to write or call me.
Yours most respectfully,
Dr. Jekyll
We are having a real winter here in the Midwest, so far about 30″ snow and good portion of rain.
Reminds me of the winter of about ‘78-’79 which had twice the amount of snow and bitter cold.
What is the moisture situation? We are above normal sure wish we could give some to you and the wheat growers.
E_E
Good to see you posting a little more in recent months. Always good to see some with ‘life experience’ rendering thoughts, and views.
My understanding on ‘hurt not the oil…or wine’…was referring to the oil from the olive. Somthing I have switched over for cooking purposes, years ago. Seems there is some benefits to using olive oil….and a little wine (grin) in ones diet.
Best to you and your great sons this evening…..Farmboy. (Still in the saddle, and on the Golden trail…if just barely some days….LOL)
My 
is that it did not last very long at that other site! 
you did not list: NEVER! 
I orginally posted this in 2001 on the other site and reposted on GT on May 3 2007
In the tribulation to come a measure of wheat (about 1 quart), enough for a loaf of bread for a penny (about 15 cents) which was a days wages in bibical times.
If that means a day wages then a days wages in the tribulation period will buy only the meager amount to barely sustain life. 32 quarts equal one bushel so a bushel of wheat (32 quarts) would be priced at 32 days pays pay. If a minimum wage is used at say $5.50 per hour times 8 hours + $44.oo a day times 32 days = $1408.00 per bushel of wheat, tremendous inflation.Even if wages deflated to $l per hour would equate to $256.00 per bushel. Wheat is currently about $3.00 per bushel, at $256.00. it would increase 85, times at $1408 per bushel it would increase 470 times.
Today a minimum wage of $5.50 per hour and wheat at $3.00 (32 quarts bushel) will buy approx. 59 quarts and Gold at $270.00 per oz. will buy 2880 quarts.
Makes one wonder what gold will be worth at that time or whether it will already have been conscifated and the holders of the gold blamed for the whole problem. ( in hind sight I see we should of all been buying like crazy)
Today Gold at $675 per oz. will buy 7200 quarts.
If you note - and see thou hurt not the oil and the wine -they were reserved for the wealthy - so they will not be hurt. And as you can see how much more quarts gold will buy today compared to 2001.
E_E
At 16:17 I posted the SCIENCE link from which two articles made this item become newsworthy today, with even the New york Times picking it up, as you indicated in your 20:57 link. Best wishes. Equiz.
Bair says: “foreclosures continue at an unacceptably high level while true loan modifications are lagging”, but that’s just the tip of the iceberg. She also warns that in 2009, $600 billion worth of prime borrowers will see their “non-traditional” mortgages reset, and many won’t be able to find the cash. http://www.cnbc.com/id/22933893
All you really wanted to know about mining jurisdictions from the (reputedy right-wing) Fraser Institute.
http://www.fraserinstitute.org/COMMERCE.WEB/product_files/Mining06rv2.pdf
