Loading ...Aloha Airlines was forced out of business by (Mesa Airlines) child ‘GO!’ airlines, flying small jets with money-losing cheap seats. Their intention (unregulated) was to bankrupt Aloha and replace them in the interIsland market. Sad… after all these years. An old airline goes over the falls in this waterfall economy.
Within hours of that time, and date, over 225,000 people would die in what has been called the “Deadliest Natural Disaster in History”. A wall of water, as high as 100 feet, would wash upon shores destroying whole cities, and the lives of men, women, and children. Few, where aware that life as they knew it, would end so quickly. Few, knew the warning signs of long ago. Signs, lost through the generations. Forgotten signs.
“The sea was driven back, and its waters flowed away to such an extent that the deep sea bed was laid bare and many kinds of sea creatures could be seen,” wrote Roman historian Ammianus Marcellus, awed at a tsunami that struck the then-thriving port of Alexandria in 365 AD.
Before a Tsunami strikes, the waters of nearby beaches flows out to sea, exposing the sea bed, sometimes for hundreds of yards. Most beach goers can only stand and watch in amazement at what is happening before thier eyes. There is no huge wave to be seen on the horizon. No apparent danger approaching, yet.
I read a lot as do most of all of you. And I think the ’signs’ are appearing for something much worse than even Nature could throw at us. I think, there are signs of a Financial Tsunami soon to come. And somehow, I doubt even the best efforts of man, who created this problem to start with, can do much more than offer some of thier Financial ‘friends’ a paper lifevest. (The Bear Sterns Bailout as example)
I think the power of the Federal Reserve, and Treasury is way over rated, and over extended. I think, it would be like the local water company diverting city water into the empty bay, as the sea water is sucked out to sea.
What might be the components of a Financial Tsunami? From where would this rouge wave appear?
T Taxes. Wages going down, taxes ever increasing, with only more to
come.
S Savings, for most Americans, expressed in negative rates. The majority
of Americans have replaced ‘forgotten’ ideas of thrift, and
savings and have instead turned to a credit card.
U Unfunded Programs, like Social Insecurity, Medicaid, (Healthcare?), and
trillions of ‘Off Budget’ programs.
N National Debt, The real legacy this generation is going to leave to the
next generation….and even the next generation.
A Apathy, of both the Elected Leaders in America, and the American
People as a whole. It was a beautiful day on the 26th in
Indoenesia. Sun shining, blue skies overhead. Seems many
today see few rain clouds, feel any tremors. And those
‘Official Govt’ figures paint a pretty picture with CPI and labor
reports. About as usefull as a water color painting in a
rainstorm. But thier ‘Official Decries’ of “Inflation is under
control”, and the repeating of thier mantra, “Too Big To Fail”
seems to comfort the nervous amongst us.
M Money, or what today is passed for money. Paper. Printing presses
and electronic digits in some computer bookeeping program.
None of which holds real value, or worth. But America now has
more ‘Millionaires’ than in history. Things must be good. Is it
the good times that is rolling, or the murky waters offshore?
I Interest, Just as the ocean Tsunami sucks the water out of the bay,
and off the beach, so does Interest suck the money out of
thier bank accounts, paychecks, paying off the National Debt,
etc.
I think, and happy to be wrong. But I think the surface news….and it is only the surface we are allowed to see….but the recent happenings in the real estate market is only the first couple of feet of ocean water retreating from the beach. I think we will soon find out if the Bernake Water Co can replace that amount quickly enough. If not, and other ‘creatures’ are left exposed on the expanding beach property….??
I have heard that history does not always exactly repeat, but often does rhyme. I wonder, will a modern day historian soon pen, how he, like Ammianus Marcellus was once “awed at a tsunami that struck the then-thriving port of….” Fiat Kingdom? And I wonder, if we will awake one Sunny Sunday, to find out by Monday morning….the damage has been done?
Life preservers….something you want to get, on a Sunny Day. Something in Gold or Silver color, seems fashionable these days.
Best to all this Sunday Evening, Farmboy
Aloha Airlines - Mahalo Nui Loa.
ALOHA AIRLINES TO SHUT DOWN PASSENGER OPERATIONS AFTER MARCH 31, 2008, ENDING A 61-YEAR TRADITION OF SERVICE TO HAWAII
…………arrive at B-Berg, only to find you left part of you in some other place………..Hmmm, wonder where I left my left arm…………..LOL.
No you don’t. Word is last week the Illinois Dept. of Health confiscated Goldrunners tennis shoes. They put them in a bomb unit truck and brought them to the Springfield Incinerator. The inspectors wore hooded suits and used tonges to extract the shoes from the truck . Then checked to make sure the incinerator was at 2,350 F before they tossed them in. Before you understood the first fractal Dr. Schoals wave not Elliot would wash over you…as you lost conciousness Goldrunner would announce ..You ain’t smelled nothin yet!
If I were in the same room with JS, I’d probably be twittling my thumbs and squirming, non-stop. The guy knows so much, he has probably forgotten 10 times more than I will ever learn. BTW, I like “hotter than hell” in July and August. Looks like I might get freed up to do some running around after another six months, or so. I might make a swing down through the South to stop by and visit a few people. If so, I’d love to hear some “wildcatter stories.”
Take care,
GR
one step ahead of father time and a sliver behind mother nature. Cut down three kale, two swiss chard, and one cat-nip plant today to till the garden. Expanded the garden a little bit by 40 sq feet. Added 6 inches of chopped leaves from last fall, some peat moss and about 12 bags of compost from the big store. Brought a load of vegetables to our vegetarian neighbor across the street. Gave some okra and black tomato seeds to another neighbor across the other street. Had a huge home grown salad with dinner. We be garden’n again. Getting a late start but it is all good. I need Sengfarmer down here to manage the super high intensity terrific soil enhancement program. You wouldn’t believe the dirt I built up over the last 3 years:) You are sounding chipper as normal.
Your darn right my friend. And we have most of the finer things in life present on this forum. It is all there for the taking. But,one must reach for it with gusto. I wish I could snap my fingers and get everyone together in an hour. If there were 800 1200 1700 of us in a room together wooooah the energy would knock you on yer arse. My dream will one day become reality. Or I will perish trying,and someone will be right behind to finish it off. Love ya all
Boy would I like to sit at your feet and listen to you and Sinclair discuss Gold etc for a couple of hours! Deadeye
Yes, there are other considerations in life besides markets……….
(north of Sydney last night…guy was saved)
prediction .. on gold stocks ment will be in at the exact bottom ,,,
i too make some bad time moves too [caught in one at the present and scalping against the box all last week and shall do so this week so i can ease the position loss in due time]
perhaps i’m being too harsh on clive but..then again i do not give advise for a fee nor would i ever. charting a penny with no liquidity [market making brokers only] is weird? the pattern shown eariler in clives assesment i do not see as any kind of head and sholders but a double top and double bottom and simply a sideways trade pattern within a defined range. its pure guess which way it breaks but i lean to the upside on ‘funny-mentals’ if some reason is needed. i agree with your assesment of seasonalities and i’m looking to 1020 area june 20 area may to square the book with fine profits if seen plus the scalps. now if i see momentum to carry 1100 than wowser what a ‘grab’. i entered this year with intentions of doing what i call ’snatch and grab’ trading [day up to 3 day swing if you will] since we were embarking on a developing blank slate chart backround and trading on that basis was fine thru jan and feb but unfortunatly got caught with my pants down week before last on the break off 985 and 19.25. scalping is the only way to correct a bad position or just realise the loss which i’m not willing to do. i rather try working the way out of it and factor the market overall to have based at 910/17 and move up from here to the 1020/20 areas. as is said ‘we shall know in due course’. cheers and the best of trading to you. wj
what do you think the odds are for gold this week .. hitting 995