Oldtent Archives 2007 - 2008

EXACTLY.

….last Year at Tottsville Mrs Irish (Farmgal) went to the only Chinese take out in town….for a bowl of soup…..she gave the owner a 5 dollar US bill…..and he gave it back….no deal…..I was genuinely embaressed…hehe

….last year while we were in Italy…I wanted to buy some Icecream in the little village down the road….forgot my wallett but had a 20 U S Bill……went to pay…and the cashier said….Sule Euros….wouldnt even touch the thing…..like it was unlucky or something….and I guess it is !

Do you remember this debate
www.msnbc.msn.com/id/16581765/

unscrupulous dentist onto my case, can you just recap please how much I should hold out for when bargaining the value of these three goldies? Just want to be prepared ahead of time.  Thanks.  Equiz.

By increasing the number of dollars in circulation, the U.S. Government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the taxes on those goods and services and also a hefty tax on anyone stupid enough to hold dollars. We conclude that, under a paper-money system, only morons would trade us real things for pieces of paper we can print for almost no cost!

I am not sure, but last I knew restaurants around us take Canadian without a problem. I remember there always used to be ads on the Buffalo radio stations luring Canadians over the border to night clubs saying ”Canadian money at Par at the Bar.” In most places, people aren’t used to Canadian money, but the cities along the border are used to seeing Canadian currency.

$1,000 is a major battle line,.. The stakes are increasingly high for both sides, but especially the shorts,.. The defenders of the line, will be digging in with controlled urgency, because a major breach of such a prominent wall will prove to be a major nail in the coffin for this war,.. Think ‘Black Towers’ in the Lord of the Rings trilogy, but whilst the defendants won on that occasion, I think the die is already cast for the attackers this time,.. That doesn’t mean we won’t see them pushed back for a while, as the defenders are still in denial that their war is already lost,.. They have spent the last 3 decades staring directly into the suns full glare and are now without sight,.. Alas they stumble on their crumbling ramparts, blindly throwing the last of their ammo at an ever growing adversary,.. They are falling just as the wall they must defend is,.. Lose no sleep for these gentlemen, for they are the orks,..
Best,..
Rich (Live from ‘The Mobile Bullion Desk’)

I didnt explain my test case well (actually I have for the fun of it tried several tests on several different occasions when getting ready to pay for a product or a service in the US).  The person I described in an earlier posting was not a junior employee punching pictures on the keyboard; it was someone who I thought might be tuned into the world of North American currencies.  I was wrong, and as you say, I asked a question for which he was not prepared. 

Anyway end of discussion on this topic.  Although its annoying, its not a big deal.  Thanks for your response in any case.

p.s.  What I was really hoping is that someone would admit or reveal that there are indeed instructions (or regulations?) from a higher level that prevent or discourage an individual business in the U.S. from collecting payment in anything other than US funds.  Since no one so far on Goldtent has made any such contention in response to my question, I assume that businesses in the US function in unison, without any encouragement from above, to ensure that they all follow the custom of accepting cash only in US currency.  I can live with that, but it just seems strange in a land that I would have thought would find it in their interest to be more tourist-friendly.

Cheers, Equiz.

StockCharts shows intraday high of $1,000.36 for GOLD’s continuous contract today. SlowStochs and MACD have turned UP and crossed over another hurdle….and RSI is rising and soon to be over 70 again. Bullish, Bullish, Bullish!

And its 300 DMA settled today at $739.78, another All Time High and going UP now at the rate of more than a buck per day. AWESOME.

New target for GOLD = $1,150.50

And yes, Aussie GOLD stocks look like they have had a change of heart. It’s about time. I think all PM stocks across the globe got a wake up call today and we may be in for a whammer jammer of a close to this week. All we need is VOLUME, VOLUME, VOLUME.

Goodnight, everyone.

JBI

I bet the cretins have already added the tonage to their ‘deep storage’ calculations. Inflated of course!!

The next derivitive?

Sure, why not? We (The Cretins) will collect two tons, fractionalize that by 100 and threaten to sell it on the open market!!

Or: Use the 200 tons (hehe) and start a new ETF. Or, better yet, do both, The posibilities are endless!!

Bill,
I though you might want to consider the above for a quote of the day. Jim Grant reminds his readers of the future Fed Chairman’s words in his publication’s most recent issue. Amazing, isn’t it? It’s all right there — the Fed’s entire game plan. All the clueless “fed watchers” who parse every word of every Fed statement looking for insight into the intentions of the great wizards miss the obviousness of what the FED will do. There are none so blind as though who will not see. Consider that Mr. Bernanke’s comments were made during his predecessor’s tenure — during the halcyon days for OTC derivatives and structured products. (These were the unregulated jewels you’ll recall, which Mr. Greenspan praised for their “risk spreading” attributes and defended against the notion that they be regulated. As I write this I’m listening to our current Treasury Secretary tell the country that now that these products have blown the roof off the barn and effectively crashed our financial system, these products really do need to be regulated.) Mr. Bernanke’s comments were made with a myopic eye on consumer spending and surely without contemplation of a systemic credit meltdown. It is a certainty that the Fed is intent on creating a massive, massive inflation. Our Federal Reserve Chairman has effectively told us this. It is the Federal Reserve Bank’s only expedient option. It is not necessarily the correct option or the courageous one, but it is the one they are committed to because expediency is their only god.
-Jeff

By increasing the number of dollars in circulation, or even by credibly threatening to do so, the U.S. Government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation.” -Ben Bernanke, in a 2002 speech

Midas Headline Quote toniteBy increasing the number of dollars in circulation, or even by credibly threatening to do so, the U.S. Government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation.” -Ben Bernanke, in a 2002 speech

GO GATA!

Looking good …. let’s hope the sentiment carries over into our markets tomorrow ….    Good work friend. 

….I predict we will know when the Cretanic desperation is Maximum….

…all the follks with no jobs will be encouraged to sell their Amalgam Fillings and Gold Crowns….to the Government……The Cretins will pay unscrupled dentists to extract (Mine )these metals….It will be in the guise of saving their health….Mercury poisining and all that……so you get paid to get healthy….a new growth industry….

ASIA MARKETS

FINANCIALS LEAD RECOVERY ON WALL STREET PULLBACK
( as of 9:12 p.m. EDT March 13, 2008 )

HONG KONG (MarketWatch) — Asian markets mostly advanced Friday, encouraged by an overnight pullback on Wall Street, with Japanese shares lifted by a recovery in financials such as Mitsubishi UFJ Financial Group as well as exporters such as Canon Inc.

The Nikkei 225 Average gained 0.4% to 12,478.83, after sinking 3.3% in the previous session. The broader Topix index was little changed at 1,215.89.

Australia’s S&P/ASX 200 rose 0.9% to 5,180.20 and South Korea’s Kospi gained 1.1% tot 1,633.24, while New Zealand’s NZX 50 index dropped 1.5% to 3,521.88.

tinyurl.com/2cr8zk

TOKYO, March 14 (Reuters) - Nikkei futures and options contracts expiring in March likely settled at 12,518.65, Tokyo market participants said on Friday, citing estimates by local brokerages.

The closely watched settlement price, known in Japan as the special quotation or “SQ”, is calculated from the opening prices of the 225 shares on the Nikkei average .N225 on the second Friday of the month.

It is calculated monthly for options and every three months for futures.

The official settlement price will be announced by the Osaka Securities Exchange after the market closes on Friday.

ASIA/PACIFIC REGION…….

finance.yahoo.com/intlindices?e=asia

THE AMERICAS…..

finance.yahoo.com/intlindices?e=americas

EUROPE……

finance.yahoo.com/intlindices?e=europe

AFRICA/MIDDLE EAST…..

finance.yahoo.com/intlindices?e=africa

DOW JONES WORLD STOCK INDEX

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AUSSIE GOLD STOCKS…….

tinyurl.com/rb8sc

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THE PRECIOUS METALS…….

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

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AND THE US $$$$$$$$$……….

tinyurl.com/2voq5s

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JBI

17,374,033 . . . . . . . . . . .