Oldtent Archives 2007 - 2008

I finally remembered the name of the MARKETPLACE located near downtown VC, it is

Granville Isle……… don’t miss it when the opportunity presents itself.

http://www.wave2capital.com/index4000.php

All the best.——aggie.

as others have said…..and I wholeheartedly agree….I’ts great to see ya here! I am a big fan of your thread at the GIM site. I’m sure you will be a great contributor here and hope you can pick up some useful information as we go along…..As Tom Petty says…”I’m gunna hold my ground and I won’t back down.” That pretty much describes us hard money advocates. Let the bastards kick us hard…..but in the long haul….we know we’ll come out ahead.

All the best.——-aggie.

Gold Trains ready for departure on Tracks 1, 2, 3, and 4.
All Aboard?
http://www.railpictures.net/viewphoto.php?id=244238

abcnews.go.com/WN/Story?id=5445433&page=1

http://secret-teachings.blogspot.com

If you scholl down the page Don Harrold will explain “The Great Panic of 2008″

Does Doug Noland really get it?  In fact, Do you really get it?

Assume a credit melt down…a credit implosion …Deflation …Depression!

Will my municipal tax bill come down?

Will my water and sewer bills come down?

Will my supermarket prices come down?

Will they reduce my heating and AC bills?

Will the relative value of the $usd go UP?

Will my stash of $usd hidden under my bed buy more or less essential goods?

It is absolutely mind boggling to me how anyone can not envision a depression co-joined to the hip with HYPER_Inflation.  Argentina recently gave you two recent examples of extreme delation coupled with extreme inflation. HINT: It has to do with the relative value of your particular fiat currency versus the other major fiat currencies.

You have posted now for quite some time about deflation. And all along our cost of living has continued to go UP, not down.

Let’s get to the end of the chase. Tell me when will our cost of living go down. Can’t you  reason that the standard of living will deflate because of inflation?

Nat Director of Defense eh

Looks like you’re about to be added to another watchlist ..LOL

ten minutes from queen ann hill

rain scheduled fri sat … 70-50’s 75-55

good luck on the arms going in right direction

I called a couple Stoners today. I wiill call you in about 20 min….Talking some future plans over with the Chairman. He is going to see the Nat. Director of Defense tomorrow…I was there two or three weeks ago with him so I guess the chairman will get a reading on what the fella thinks about me and in general our group of good hearted Tenters.

On a positive note…Leuko is sending me a pretty large amount of unadulterated corn seed.[Eat yer hearts out Monsanto] I will start storing it in a humidor type container. And …the CHICKS are growing fast..we will have.eggs sooner than Congress can pass another housing bill. …Bombs bombs everywhere… God I hate the chicken livered bastards that plant bombs

I have no helpful comment on the inflation/deflation discussion.  All I have absorbed is that a lot more fiat is being created in several key jurisdictions of the world and as near as I can tell that is inflationary.  We do also observe that many of the goods and services we tend to spend fiat on are becoming progressively more expensive, so for that consumer definition of inflation, I see lots of inflation around us.  I am not competent to comment on the deflation part of Dines’ comments.  Best wishes. 

Regarding you Dines question, I guess I must have decided I had nothing relevant to say about the question if I didnt post a response.  Now I have no idea what the question was or when it was posted.  One thing I can post here now though is that we are still holding some of Dines’ recommendations, like Pinetree Capital and Mega Uranium.  Also we followed his buy list a few years back and picked up a position in Northern Continental (NCR on the Canadian Venture Exchange)).  No point in posting its chart, but we still hold some NCR.   Have a pleasant evening.  Equiz.

That lady interviewer is so typical of the liberal mentality……

The comeback offered by the General is reminiscent of quotes attributed to Churchill.

Another guy that gets it.

When I read the various estimates of the GSEs’ additional capital requirements, I again reflect back to one of the great flaws in economic historical revisionism with respect to the Great Depression. Conventional (“revisionist”) thinking today has it that if the Fed had simply “printed” $5bn and replenished lost banking system capital in the early thirties, the worst effects of the depression would have been avoided. But then, as is the case today, the size of lost financial sector “capital” was not the critical issue. Instead, financial sector losses pale in comparison to the huge scope of additional Credit creation necessary to sustain deeply maladjusted financial and economic structures – and the impossibility of sustaining Credit Bubble excess in the face of escalating risk intermediation losses and resulting tightened financial conditions, sinking asset prices, acute financial system impairment, investor and speculator revulsion, de-leveraging, major changes from boom-time spending patterns and economic downturn.

Treasury and the Fed could today easily “cut” Fannie and Freddie (and the FHLB!) a $20bn check or, ok, $50bn. Yet the reality of the situation is that GSE “Books of Business” must expand at least $600bn this year and then as much next year and the year after that… or very serious problems will unfold throughout the conventional mortgage marketplace. There are Minskian “Ponzi Finance” dynamics at work here, as there were in subprime, “private-label” MBS, CDO, auction-rate and other markets. Only the stakes of a conventional mortgage bust are much greater….

The GSEs are now trapped in a precarious riptide where they must swim incredibly hard to barely tread water. This is an extremely tenuous position for the conventional mortgage marketplace, not to mention the increasingly credit-starved U.S. Bubble economy.

The translation is simple. Credit needs to EXPAND at an alarming rate to keep the ponzi scheme afloat. The only thing the gov’t is doing is attempting to backstop the current book. The future book, hah, good luck.