Oldtent Archives 2007 - 2008

There is so much money flowing for those in the mainstream. The people on the frenge and margin of the money flow are already being squeezed - I simple can not imagine what is going to happen when the big bust and crash finally comes. It is going to be beyond what anyone can imagine IMHO. But for now it is full speed ahead as we can not change what lies ahead - only the true boy scouts will be prepared and no one will escape real pain and great loss. The hole has been dug too deep. Deadeye

www.voy.com/64855/1071287462.html

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Gold ..&.. Year of the Monkey

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according to

http://minerals.usgs.gov/minerals/pubs/commodity/gold/300798.pdf

“ 1968 -

The London gold pool sustained enormous losses and was discontinued …  ”

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according to

http://en.wikipedia.org/wiki/Bretton_Woods_system

“ However, to no avail: on March 17, 1968, there was a run on gold, the London Gold Pool

was dissolved, and a series of meetings began to rescue or reform the existing system “

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some years-of-the-monkey are

1968, 1980, 1992, 2004, 2016, 2028, 2040, 2052 …

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Jupiter -

according to http://en.wikipedia.org/wiki/Jupiter

” Orbital period  4331.572 days, 11.85920 years “

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Uranus -

according to http://en.wikipedia.org/wiki/Uranus

“ Orbital period  30,799.095 days,  84.323326 years “

…. this may be where the “ story about 42 ” comes from …

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Symbols - http://www.astropro.com/glyphs.html

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Washington D.C. - Uranus Cycle Chart

http://xs228.xs.to/xs228/08262/uranus_cyc_plac_2929.jpg

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COMEX Gold - Natal Trading Chart ( Live ) { with .. adjustable .. Transit Date  }

http://www.astro.com/cgi/chart.cgi?cid=j4nfilenEbfGj-u1211317281&lang=e&gm=a1&nhor=1&nho2=1&btyp=24&mth=gw&sday=31&smon=12&syr=1974&hsy=0&zod=&orbp=&rs=2&ls=1&add=18&asp=0&ast=

=

http://tinyurl.com/6gnwsj

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it is “ interesting ” to observe that Uranus is

having a “ seemingly ” Large ImPact on the price of gold

… Uranus is currently “near” direct Opposition to “ The Part of Fortune ”

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When a +/-  3 Degree Tolerance is applied to Uranus being

in Direct ( zero Degree Error ) Opposition to “ The Part of Fortune ”

Then the Tolerance Zone was First entered 24 April 2007

and will last exited 7 January 2010 .

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Transit Positioning at 25 June 2008 is shown on

http://www.astro.com/cgi/chart.cgi?cid=j4nfilenEbfGj-u1211317281&lang=e&gm=a1&nhor=1&nho2=1&btyp=24&mth=gw&sday=25&smon=6&syr=2008&hsy=0&zod=&orbp=&rs=2&ls=1&add=18&asp=0&ast=

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http://tinyurl.com/4kms2g

…. Transiting Venus ( in Opposition to the Natal Sun )

Triggered the Natal [ Sun Square Pluto ] Aspect.

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W.D.Gann … seems to have written about MAJOR Angles

0, 30, 45, 60, 90, 120, 135, …  Degrees ….

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There are interesting observations to be made when

the Transit Date ( on the above Live COMEX Gold chart  )

is changed … such that … the Position of Uranus

is 30, 45, 60, 90, 120, 135, …  Degrees away from “ The Part of Fortune ”

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and while COMEX Gold Trading was Born  31 Dec 1974

the “ per life ” of the entity can be observed

by selecting Transit Dates near the time of the Collapse of the London Gold Pool .

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Uranus in about 2050 - 2052 will be Near Conjunction with “ The Part of Fortune ”

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Some Monkey predicted 2040

http://arch0708.goldtent.net/2008/06/23/prediction-3/

I wonder what he MENT

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2_p

The Primary Precondition of Deflation

Deflation requires a precondition: a major societal buildup in the extension of credit (and its flip side, the assumption of debt). Austrian economists Ludwig von Mises and Friedrich Hayek warned of the consequences of credit expansion, as have a handful of other economists, who today are mostly ignored. Bank credit and Elliott wave expert Hamilton Bolton, in a 1957 letter, summarized his observations this way:

In reading a history of major depressions in the U.S. from 1830 on, I was impressed with the following:

(a) All were set off by a deflation of excess credit. This was the one factor in common.
(b) Sometimes the excess-of-credit situation seemed to last years before the bubble broke.
(c) Some outside event, such as a major failure, brought the thing to a head, but the signs were visible many months, and in some cases years, in advance.
(d) None was ever quite like the last, so that the public was always fooled thereby.
(e) Some panics occurred under great government surpluses of revenue (1837, for instance) and some under great government deficits.
(f) Credit is credit, whether non-self-liquidating or self-liquidating.
(g) Deflation of non-self-liquidating credit usually produces the greater slumps.

Self-liquidating credit is a loan that is paid back, with interest, in a moderately short time from production. Production facilitated by the loan - for business start-up or expansion, for example - generates the financial return that makes repayment possible. The full transaction adds value to the economy.

Non-self-liquidating credit is a loan that is not tied to production and tends to stay in the system. When financial institutions lend for consumer purchases such as cars, boats or homes, or for speculations such as the purchase of stock certificates, no production effort is tied to the loan. Interest payments on such loans stress some other source of income. Contrary to nearly ubiquitous belief, such lending is almost always counter-productive; it adds costs to the economy, not value. If someone needs a cheap car to get to work, then a loan to buy it adds value to the economy; if someone wants a new SUV to consume, then a loan to buy it does not add value to the economy. Advocates claim that such loans “stimulate production,” but they ignore the cost of the required debt service, which burdens production. They also ignore the subtle deterioration in the quality of spending choices due to the shift of buying power from people who have demonstrated a superior ability to invest or produce (creditors) to those who have demonstrated primarily a superior ability to consume (debtors).

Near the end of a major expansion, few creditors expect default, which is why they lend freely to weak borrowers. Few borrowers expect their fortunes to change, which is why they borrow freely. Deflation involves a substantial amount of involuntary debt liquidation because almost no one expects deflation before it starts.

Things that are deflating

Home prices

Wages

Automobiles

Working hours

Dow

Nasdaq

S&P

Treasuries

Value of Dollar’s

Bonds

Interest rates

State Local and City Bonds

Derivatives

TIP’S

Mortgage Value’s

Corporate Bonds

Employment

Corporate Savings

Personal Savings

Commercial Property Values

Most Stock Markets World Wide

Gold

Silver

Base Metals

Working Capital

Investment Money

Savings

Profits

Banking Capital Reserves

Banking Capital

Manufacturing

( I could list more but you get the point)

Things that are inflating

Number of Dollar’s

Personal Debt

Government Debt

State, County and City Debt

Corporate Debt

Bank Borrowed Reserves

And since dollars are Debt all I see Inflating is Debt.

(please don’t say OIL, I will direct you to Van Eden’s interview where he says OIL is cheaper today than in the late 50’s, on a dollar basis).  I say the same for commodities.

The destruction in savings is a result of devaluation of the dollar.  Further, the destruction of living standards for people on retirement is due to lying on Government Statistics and again the printing of dollars.

hard rock

Now What would I call this?  We are smack dab in a perfect definition of a “Deflationary Collapse”.  It isn’t “coming” it isn’t “going to be here in the next couple of years” You Sir are living it!  Enjoy it, its just starting.

things are going relatively well in oklahoma now. can you imagine what it will be like here if the patch and wheat bust at the same time?

rno

Your, “My personal view is that they should quit pussyfooting around, crash the lot today and get on with the reconstruction. Sharp pain now, rather than a long drawn out ache, followed by the sharp pain anyway.”

That is exactly what I have been saying in private, especially in politics.
Things simply can not get better until after they have gotten much, much worse
Deadeye

….The PMs are still down for the week…

….last week we were supposedly held back by Stock Option Expiry

…..Today was Futures Option Expiry

….Today was also Fed day….

….lots of reasons for the Cretins to work overtime…

….Maybe now they can relax….

…and we all know what happens when they relax ..eh?

I am watchin ….been with you on the screen for quite some time. When you get a feeling I watch close..cause you have been pretty darn good

Aguila and Sinbad..give me your arrival dates so I can pass them on the the authorities.

RNO.. feedback from your meeting was very positive…. keep up the good work is the message

  Pretty scary stuff that they could cover something like that up on such a massive scale. Scarier still is that there hasn’t been a whimper out of Congressional leaders. Everyone’s in the bag, everyone is bought and paid for.

   It takes alot for folks to want to go to war. 9/11 was the trigger, there had to be something to get the people riled up. Try asking someone why WTC 7 went down after being hit by nothing. Most folks don’t even know a third building collapsed in its’ own footprint.

  I am somewhat concerned that these same folks are going to try to pulloff another false flag op before the current regime leaves office. I truly hope not.

Aug gold 08 889.8 886.8 889.7 +7.6
Jul silver 08  16.77 16.70 16.77 +.26
[10 minute delay]

Hey I got a computor. Just came across 700,000 and was looking to buy a Cape Caaaad house. With 0% down and plunk the wad in C.D’s at 2.9% …some guy in a dumpster told me to do that. Gold, haa !”commodities are dead” …..

Ment is right on with bringing back the discussion’s and you too with the Patriot Act and Martial Law…tommoroww the guns get taken away.
Some days I question my sanity but not today.
Flinstones…things are going good for the team.

 Found this link in my pages to save folder - worth a read for those who have never seen any of Another’s comments.  

 http://www.usagold.com/goldtrail/archives/another1.html

All the commentators agree that we will have massive deflation, but most think we will have hyperinflation first.  Nobody seems to doubt that we are having asset deflation now, nor are even the most ardent inflationists rushing out to borrow money at 8% fixed for ten years to invest in anything, which they should be if they are convinced of their case.  Even tins of soup would be a great investment.

But even though the title says it all, I value this discussion because it is still uncertain as to what “they” will do, or, if they do it, what the consequences will be.  If they do monetise every debt in sight, the USD will crash, and the blame will be laid firmly upon them, but USD will start flowing freely again (in the US, at any rate) and wage inflation will take off.  If they don’t, we have the grinding stagflation.

My personal view is that they should quit pussyfooting around, crash the lot today and get on with the reconstruction.  Sharp pain now, rather than a long drawn out ache, followed by the sharp pain anyway.

Inflation is 15 - 17 % , it matches the printing presses 15 - 17 % (M3).

Wife got in and told me that some of the house’s that we looked at , dropped the prices on 3 of them. 35 K , 20 k , and 12 k . Well now the wife’s see’s why i got us renting. The first 1, someone is smart and wants out after a open house brought no buyers. Still to high and the last 1 is a bankster nightmare ,a $371 k $hithole ,that needs 130 k work, get this now $359 K , 12 k lower , wait till they get thousand of them , for what they did to the poor souls that didn’t know any better. The idiot box, live the american dream , while the rates are low. To bad no one told them the prices were top $. This is going to end very badly , is all i can say , god help them now. The wife is upping her numbers and wants more k’s out of our hat to buy a home. I said lets just wait till fall and no one is going to want to heat these homes with $4.29 now home heating fuel. They will drop by a 100 k , she looks at me and say’s you are good. I will find us a good short sale and help 1 poor soul get out of it , even if we pay a little more then a foreclosure. CT say’s , Every good boy deserves favor . Moody Blues

Uncle just e-mail me and say’s his advisor tells him renting is the way to go. My unc. has been giving me $hit for 4 yrs. to get my family a home. Boy him and my mom alway’s nagging at me to get us a home. Now he see’s why we are renting .Now since i got him into gold at $350.oo oz he is starting to take me a little more serious at what i say is coming. He now see’s it too, be it a little later . 4 words , first 2 Patriot Act , 2nd 2 Martial Law.