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February 2008
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ipso_facto @ 15:21 pm

-> Posted by Farmboy @ 22:55 pm on February 11, 2008

Just had to write a reply to your post, and link. (Thanks for posting that article)

Seems, I have been sitting back, and watching the plan of ‘Creative Destruction’ unfold now for a few years. Pretty much convinced now….(I am a slow learner/believer), but the way I see things unfolding,…and what is yet to come…I think, The destruction of the American Dollar, and Financial System, is but one part in the effort to move us along towards the North American Union, and the Amero.

I think, lot a whole lot of American’s….even those with just an ‘inkling’ of what is happening…I think someone, some group, is pulling the strings, behind the scenes….(oh that cant be! Can it?) I think, I either need to drink more….(heaven forbid..lol), or double up on the morning coffee to make sure I pay attention to the daily news headlines. Mostly, I think, those of the the Gold Tent, have seen this coming for a long time now. Not that we are all doomed, or must suffer….but pretty much think, a whole lot of folks are gonna take the ‘hit’ as the World Economy ‘Adjusts’ to the true, new paradigm.

Best, this evening, Farmboy.

-> Posted by silverffox52 @ 22:51 pm on February 11, 2008

It is hard to imagine where the $gold price should be when you look at the CCI & the platinum charts. They sure put the suppression into perspective.

Overseas continued………

-> Posted by Just_Buy_It @ 22:44 pm on February 11, 2008

GLOBAL MARKETS-Asian stocks sceptical of Wall St bounce

HONG KONG, Feb 12 (Reuters) - Asian shares edged higher on Tuesday after the latest bounce on Wall Street failed to dispel fears about a U.S. recession, while supply worries kept commodity prices high.

Global investors are alert for any sign of further fallout from the subprime mortgage crisis which could weaken the financial sector and are worried about a possible downgrade of U.S. bond insurers, so-called monolines such as MBIA Inc.

“There’s been talk for a long time that a (credit) rate cut decision on the monoline firms was due in mid-February, and we’re almost there now,” said Nagayuki Yamagishi, a strategist at Mitsubishi UFJ Securities.

“Even though people know this is likely to happen, and when, the fact is that there is still quite a lot of worry out there about the issue.”

The grim stock market mood has given Japanese government bonds some support, but buyers were reluctant to jump into bonds before the March 31 fiscal year end, dealers said.

tinyurl.com/yt6s3o

finance.yahoo.com/intlindices?e=asia

JBI

PS - PLATINUM is UP another 4 bucks at this hour. (Well, it was just a couple of minutes ago.)

www.gold-eagle.com/intra-daykit.html

Professor Marvel @ 16:49 pm

-> Posted by Farmboy @ 22:41 pm on February 11, 2008

Was just thinking about you over the weekend. Seen some news stories where Mexican gangs where ‘kidnapping’ American Citizens for ramson. Perhaps in the next month or so we can have that lunch I owe you.

For now, think it best I say to all, dont have all your ‘eggs in just one basket’. Whether that basket be in the US, Mexico, or Belize. Thinking, diversification, CYA, is a good thing in this modern world we journey in. Think, all should have a Plan B….and not just in thier head, or just on paper…but something to be implementing, working towards.

A little here….a little there….and a little of the physical…..might just get us through?

Good to see you posting your thoughts, Best, Farmboy

Peter Schiff should meet our Mr. Moose

-> Posted by Ike @ 22:35 pm on February 11, 2008

And frankly, so would I. Mr Moose has his opinions (however wrong they are) and then there are those who don’t trust or believe in ‘fiat’ monopoly funds. Maybe at the $1,000 Pechanga Party?

I’ll buy the first round if he will sit down at a friendly Pub for a rational and interesting discussion.

If I were to ‘guess,’ it would be that Moose is a Banker by profession.

Anyway, that was not the purpose of this post right now.
———————————————————————-

the only thing worse than holding U.S. dollars is holding promises to be paid U.S. dollars at some distant point in the future. However, this is precisely what U.S. Treasuries represent. Given all of the inflation that already exists, and all of the additional inflation likely to be created over that time period, why would anyone pay par value for the right to receive $1,000 in thirty years in exchange for a mere 4.5% coupon?

Although it looks like the sucker bet of the century, the fools have been lining up to buy. Alan Greeenspan called this a “conundrum.” I simply call it mass delusion of the same variety that brought us pets.com, and $800,000 tract homes in the middle of the California desert.

www.321gold.com/editorials/schiff/schiff021108.html

WANKA @ 22:45 pm. (from last night)

-> Posted by Just_Buy_It @ 22:35 pm on February 11, 2008

Just got around to your post from late last night. Thanks a mil for the link. I’m familiarizing myself with it now and will save.

Cheers!

JBI

FGC…….Not only that…….

-> Posted by BdaB @ 22:34 pm on February 11, 2008

If he is a trader and he waits to sell till December, he’ll be some days short and some dollars late.

Moose “Next update in December when we sell”….dont leave

-> Posted by Fullgoldcrown @ 22:31 pm on February 11, 2008

That post was so good…where do I send my 250 ?

Somehow I think he will be back sooner than December…hehe

mooseshama @ 18:59 pm

-> Posted by Farmboy @ 22:31 pm on February 11, 2008

OK, you say, “sell my gold, (I presume also silver?) at the end of 2008. Hmm??

Sure do wish you and given some more reasons why that ‘advice’ should be followed.

So, if we all trade our physical precious for some of those paper promises/debt called dollas…and the government can just keep raising those ‘debt ceilings’, and the Fed can keep printing more of the green stuff…well, I was a’wonderin…exactly just what I should trade for?

Now I got some ideas of my own. Like, trade some for some land in Belize. But mostly, I dont see where swapping some of my gold or silver….delivers me into a better safe haven, or a greater wealth fund. If you could explain your advice, so that even a Po Farmboy could follow along….would appreciate it. (Aint got no degrees, of much of an education, so kinda spell it out in simple terms please.)

With Elections in the USA in 2008, and not much liking the choices that appear to be offered for our next leader….and with what Warren Buffet once called, Weapons of Mass Destruction (derivitives) that even he could not figure out the ramifications of/from….well, I figure I still lean towards, an ounce is an ounce. But you might be right…about selling. Just gonna take a little more…ok…perhaps a lot more even, to ‘bring me up to speed on that one’.

Best, Farmboy. ( who thinks anyone who keeps coming back for another lickin…must at least believe in what he has to say)

floridagold

-> Posted by WANKA @ 22:16 pm on February 11, 2008

meet you in the club car. drinks on me since i was filled last night on the june gold and march euro and in the black [for now at least?] wj

AuGirl

-> Posted by Irish @ 22:15 pm on February 11, 2008

Number is 661-9134. Rented the house in Pomona today. Am going to U.S on Fri and then back to Belize on March 1. Tomorrow the cat gets moving. The house needs some electric outlets and Farmgal is beginning to fill a 40ft. container in Chi town for a shippment down. I can’t help it but cause of the ticket situation I will miss the 8,000 person rally Sat. in Mango Creek. But chairman will present our wish list. Dang it I can’t move around fast enough. Heck with it I am going to Smokey Mermaid for fish before it closes ………Love ya all ,were gonna be in great shape down here.