Oldtent Archives 2007 - 2008

Garic on the Housing Bill…

Bill,
I think the Housing Bill will be the most bullish event on Gold since China delinked the Yuan to the dollar. If you recall China announced that they would allow the yuan to appreciate against the dollar in the summer of 05. While the market immediately pushed Gold higher within a couple of days, Gold was pushed back to $420. It then began a slow appreciation and no one has ever discussed the event as it relates to Gold prices again. Gold has been moving forward ever since. Go to Kitco: Click on Live Currency charts and charts comparing $USD Gold to all major currencies. Click on 5 Year on the top and Chinese Yuan on the left. It is clear as the Yuan delinked Gold’s Bull market really accelerated. I interpret this chart as China has been a major buyer of Gold ever since.

While the market originally pushed Gold higher as people with brains realized how inflationary backing FNM & FRE would be, the shoot the messenger crowd got together with the short option manipulator crowd to bring Gold down one more time. There is no doubt in my mind that $U.S. money supply will accelerate dramatically as FNM and FRE’s losses escalate. As the Economist is reporting FNM and FRE have literally gotten access to the $U.S. printing press. Meanwhile the housing bill also allows financial companies to dump their worse loans on the FHA in return for cash. As I have stated before if everyone is too big to fail, the risk of failure has been shifted to what is being used to bail out the failed institutions; the $U.S.

While this week has been painful and I fully expect the manipulative option market makers to try to lower the POG into Monday afternoon’s expiration, I continue to focus on the long term and in the short term root for a victory by the underdog.

Looking forward to our time of the year (once August expiration is over),
Garic

complements of js
wj

edit: current melt of silver coinage:
www.coinflation.com/

This evening there was a news item in which the headline was Ford Motor Co. saying “We are going to make more fuel-efficient cars.”

Mr. Reagan had a catchy slogan once - “Good Morning America”.  If I may paraphrase that former president, I say “Good Morning North America” with respect to the North American car manufacturing industry.  I say “Good Morning” because I wonder why North Americans  were so comfortable  in your pickup and SUV dreams in the long night that preceded the announcement today by Ford.    I say ”North America” because the Canadian auto industry  is now a siamese partner with the United States auto industry.

But I think Ford has realized, belatedly, that like they say in some racially segregated communities “We dont want you here any more”.  Lets see if Ford and Chrysler and GM can smarten up in time to save their skins.

p.s.  We currently own and drive a 2002 Chrysler Neon.  I’m not proud of that, although its 4-cylinder engine is somewhat acceptable on gas mileage.  But I know that better choices for fuel-efficient personal transportation are coming, and I doubt if Ford, Chrysler or GM will be at the forefront.  But I would be pleased if I am proven wrong by the North American auto industry leading the way.  In my opinion, the chance of that happening by 2011 is about as slim as the chance of gold at 1650 by January 2011.

Just my thoughts on a Thursday evening overlooking the Salish Sea.  Equiz.

  thanks for the better understood post.

  Believe it or not, I think you have alot to offer the crowd.

  Unfortunately your delivery, makes it hard to understand. Perhaps if you had said “hey folks I’m buying SGR.V and this is why….” you’d get the respect that your obviously astute investing ability deserves. Instead, most I suspect have felt mocked, insulted, laughed at, or belittled. So, when you are actually trying to help, it is not perceived as such or the message is lost because of respect for the messenger. JMHO

  I’d love to someday hear your story of how you built your business. I have one of my own. Retired at 37, still trying to figure it out.

  Lastly, we’ll just have to disagree on the Edgar Mitchell thing and the alternative possibilities. I suspect you and I will both be alive to know the truth. Just not sure if it is before or after $1650 gold. :)

If it is us then you would not want to, or you would be prohibited from altering the past as that would alter the future…your future.  It’s all theory.

Now if you really want spaced out theory then simply review Sabre’ s Deflation threads.  The Sky is falling, the banks are failing, GM is dead and we are spiraling down with an ever increasing credit implosion. All well and good in theory, but, my dollar, in reality,  continues to decrease in value (being non-gold backed) and it cost’s me more and more to feed my family and provide for ESSENTIAL goods and services.   That is inflation!

Maybe they travel to the past trying to alter their future

and wind up with an alternate future that they are always

trying to correct. Caught in a Tachyon space/time disturbance

and condemed to repeat the same mistake over and over.

Like you say “Who knows?”. The Doctor?

PM_Energy, Same here.

Auric

Fannie, Freddie Rescue Plan May Cost $1 Trillion, Bunning Says
By Michael McKee and Bryan Keogh

July 23 (Bloomberg) — A government rescue of Fannie Mae and Freddie Mac would require taxpayers to pay “way” more than the $25 billion estimated by the Congressional Budget Office, potentially as much as $1 trillion, Senator Jim Bunning said.

Treasury Secretary Henry Paulson “hasn’t told us the truth about this bill,” Bunning, a Republican from Kentucky, said in an interview with Bloomberg Television today. “Why would you put in a backstop of unlimited amounts of money if you weren’t going to need it.”

Paulson on July 13 asked Congress for authority to increase credit lines to Washington-based Fannie Mae and McLean, Virginia- based Freddie Mac, buy shares in the firms and give the Federal Reserve a “consultative role” in overseeing their capital requirements. The proposals are meant to restore confidence in the government-sponsored enterprises, which own or guarantee almost half of the $12 trillion of U.S. home loans outstanding.

The House of Representatives is set to vote today on the rescue plan for Fannie Mae and Freddie Mac as part of broader legislation aimed at alleviating the worst housing slump since the Great Depression. Bunning called the plan “horrendous.”

“What is good about this bill is the fact that maybe it shores up Fannie and Freddie for a temporary basis,” Bunning said. “What it does not do is change the model of Fannie and Freddie. It does not give the regulators the power to make the changes needed in Freddie and Fannie to make them viable entities for the future. That is why I object.”

Worth reading

Worth watching

New MIDI file for Goldtent????

Winedoc

Hi Aurum,  nice to see you like to dim the lights,  pour a glass of red wine, dial up some Leonard and just get in the groove.

I’ve read Beautiful Losers  1966,  The Favorite game 1963 and “Stranger Music” which has all his compilations.

For me, Leonard is all about the music and the passion.

I had a nice spin on my motorcycle tonight after supper, I needed to……8 km and I’m breathing in the salt air on a cresent beach,  where as a youngster I jumped off the rocks, had picnics with my folks and as a teen  strolled in the sand with the ladies.  

Ya, I’m lucky………for tonight I had to  circle back to the hospital after work and crush a family with bad news.

None of this pain in the precious is going to unnerve me one bit.  Our path is true.

Winedoc

  if it is us - what would prevent them from altering the past?

  These conversations can get pretty wild, especially when you talk about quantum physics and bending time.

youtube.com/watch?v=xVc6DyY3pGo&feature=related or
youtube.com/watch?v=ezCqzt3vAXw&feature=related

I have always leaned towards your thinking that them are us..come from the future to document the past.  Who knows?

Sabre: the world is collapsing into a complete s-it pile. Signs of deflation and depression are everywhere. My ESSENTIAL bills will grow and grow because my Dollar will fall and fall. You will always preach Deflation but, I will continue to pay more to live and my dollar will buy less.

leanord cohen is unique. first i ever heard of him and his band. instrumental is quite unique too with the oud more common in mid east music. i must enjoy more of LC. thanks for the exposure. wj

I got the Key to Time box set a while back and haven’t got to watch it yet.

Darn things are the most expensive dvds… But once I had the misses hooked on the doc, I took the opportunity to splurge for the collection.

I probably saw a lot of them on pbs as a kid. I figure someday it would be something I could turn kids loose to watch and not worry. Stimulate their brains… and feed that anti establishment, anti NWO mindset. It’s amazing they’re able to get so much of that into the show, esp since it is BBC. Someone could write a book on all the ideas they’ve worked in over the years.

The one with the mighty jagrafess, with the news altering censorship, classic example for our current times. Found this interesting write up of villains while figuring how to spell jagrafess: http://en.wikipedia.org/wiki/List_of_Doctor_Who_villains

For the non doc watchers:

The Jagrafess was the supervisor of the mysterious and sinister Editor on board Satellite 5, a space station that broadcast news across the whole of the Fourth Great and Bountiful Human Empire of the year 200,000. The Editor (who called the Jagrafess “Max” for short) claimed that the Jagrafess had been placed with Satellite 5 some ninety years before by a consortium of interstellar banks. The intent was to use the news broadcasts to subtly manipulate the Empire, retarding its social, economic and technological growth and turning it more inward looking and xenophobic. Control was enhanced by the use of computer chips, installed in every human brain; chips that allowed the users to access the computer systems of the 2001st century, but at the same time allowed the Jagrafess and its cohorts to monitor people’s thoughts. In this way, the human race was reduced to slavery without them even realising it.

Cheers!

On the edge of my seat waiting for tomorrows show…