Oldtent Archives 2007 - 2008

www.youtube.com/watch?v=mP6-j9pxTGI&feature=related

 It is not just the tent… all of  ‘merika is feeling it, as Posted by TQ @ 20:32 pm.

This from George Ure also:   http://www.urbansurvival.com/week.htm

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“I Want My America Back”
A reader in Odessa, Florida, sent a very articulate letter to the Treasury Department yesterday and sent along a note with it.  I share it with you for a couple of reasons, not the least of which is that it underscores the [revolution/rebellion]  meme which we’ve been tuned in to for about 6-months since it started showing up in the www.halfpasthuman.com predictive linguistics model space.
“Dear Mr. Ure,

I am more angry than I have ever been. Below is a copy of a letter I sent to Mr Paulson via the Treasury Department. I could not find an email address for his office. I want my America back! I am seriously considering moving out of the country. Maybe to China or Russia or well ever the hell Al Qaeda is calling home these days. I am ready to fight to get back what has been stolen from us.

Mind you, I am not in financial trouble. I am just Joe average still paying my bills on time and I feel this way. Just imagine what is seething under the surface of the neo-poor of this country.

Forget the “Million Man March”. The time has come for our media to start reporting the truth. The time has come for a Three Hundred Million Man March” on Washington, every state capital and every bank headquarters.

I want my America back!

(name withheld) Odessa, Fla.

.— (letter follows —

Dear Mr Paulson,

I heard you say, very proudly, on CNBC yesterday that “Nobody has ever lost a penny of insured deposits, and they never will”.

You thieving liar! It is people of your ilk, that is, bankers and the like. that have perpetrated a massive theft of the wealth of this country by your banking practices. Not the least of which is the creation of paper money out of thin air. By this practice alone you steal our labor thru inflation. I could go on and on about the creation of innumerable false asset classes created by you people, all printed on paper that have no real value at all. But, I feel no need. I am sure you know of which I speak. We, Joe and Jane public are awakening to your fraud.

Now we find that you are stealing our money to buy companies and investments made by companies that were nothing but fraudulent enterprises. There is no such thing as a company “too big to fail”! If we all must suffer to right the wrongs, then so be it. But the guilty should pay the most, not the taxpayer.

Mr Paulson, I predict; Someday a younger man than me will come to the door of the banking system of this country and with one blow will strike it to the ground. I pray that it be so. In that day I may have already died or be too old or too poor to participate in the revolution that will surely come and take you folks down. But as God is my witness that day will come and if all I can do is spit in the face of whoever happens to be the Fed chief at the time or, if I am dead, then smile in my grave, it will be done. I would happily give my life in the fight to take back this country from you bastards. I am so very angered by the bailout of the “fat cats” that have stolen this country’s wealth and labor and even more angered by traitors like you that protect them.

I pray: G_d Damn you all! And may it be soon, so, we can quickly get on with rebuilding our country.

Or——–

You could join the cause of the people you are supposed to serve. Start advocating for a “Year of Jubilee” (look it up) for all our citizens, not just the bankers and the so called “too big to fail” corporations. In this way justice will be done.

(name withheld)  Odessa, Fla.

This will give you an idea of the kind of ‘pressure’ that Cliff’s work is dinging in the scans of the discussions out on the internet - and the anger is not confined to ‘political’ boards - the meme is leaking out like a huge hole below the waterline.

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Maya comment:  The linguistics monks say the tension building has begun, and will culminate in a ‘release’ about Oct. 7.  This crisis has equal components of financial and military aspects.  We’re seeing the financial stuff.  God help us all on the other part.

The October ‘release’ is predicted to have the emotional impact of the five days after 9/11… except this time it will last for five months.

…Thanks also for Ron Paul on the Bailout…he is awesome…I want him to be President….NOW

…I still like the ones that project north east…

…you may be the last chartist standing…when the dust clears

To Rambus,

       When I read that you were leaving, believe it or not I actually shed a tear. You will be greatly missed that’s for sure. I came to the tent for many reasons, but I tuned in most to see the your most recent analysis be it right or wrong. You have an objective view of the markets without letting your ego get in the way. This is what I liked about your analysis. With the recent attacks on you, sometimes we have to reach the higher vibration and tune out for awhile. God knows that I have done it both here and on GE over the years. The tent has run into some problems with personality clashes, but you know what this seems to happen on every website like this that I have visited.

I thank you  for all your contributions which you so freely gave at the tent. I feel blessed to have learned much from your 30 years of experience that adds to my own.  Some times a time out is the best but sometimes people will not really understand and miss the gifts that have been brought to the tent until they are gone.

God bless you and all the best and here’s to the double inverse head nad shoulders on the way up. Take care now and thanks again.

 RLS

….Moody Blues….they dont make bands like that anymore

DB Gold Double Long ETN (DGP) is taxed @ 15% long term capital gain tax rate vs , GLD is tax unfriendly (no long term capital gains tax rate if you hold it for longer than 12 months. GLD long term tax rate is 28%

GLD and SLV have the highest long term tax rates @ 28%

DBS(silver) and DGL(gold) ETF track silver and gold futures and thus futures are taxed @ 40% short term tax rate(up to 33% and 60% long term @ 15%) regardless of holding period. You also have to pay the capital gains on unrealized profits if you hold them passed dec 31(party pooper).

I like DGP double long gold the most since it increases your returns by 100% over GLD and is taxed

At 9:29 on his site today, Mr. Sinclair stated “It is reported now that more than 1000 hedge funds are on the rocks”

So often  since 2004 when certain holdings in our family portfolio have been whipsawed downwards in ways I never dreamed could happen I have read subsequently from Donald Coxe, or other analysts that I respect,  that the precipitous action was a result of hedge funds doing such and such.

If hedge funds and short sellers have a lesser role in my investment life in the months and years ahead, I would not shed any tears if they were to pass into oblivion.  Of course, I do not expect any such happy outcome, because even if these disruptive devices were to vanish,  there would arise from the ashes comparable devious market mechanisms to fill the vacuum.  I suspect that I will carry my cynicism with me all the remaining days of my life.  But thank you anyway, Mr. Sinclair, for the estimate that there may soon be 1000 less hedge funds to ruin my breakfast in the months ahead.  Cheers, all.  Equiz.

I got my shares of New Gold from my Metallica position who combined with New Gold and another company to became the new New Gold. It has become my only current 2 bagger. Had others before the Juniors got slaughtered.

Let us say I am in negotiations for a better contract. And so far it looks like I am here.

Thanks for the welcome.

I thought you didn’t believe in (like) charts. Just joking.

aurum

….nice pop today….never heard of them…what do you know ?

…you are not going anywhere…how am I gonna know when to sell next time…if you are not here ?

….Glad to hear you are a dyed in the woll tenter….after all you have been here from even before I was .

…..glad your little fling is over..welcome Home

I can’t be the only person on the tent who holds NGD!

aurum…I always read your posts, too…and missed you today…we learn from one another as each person, experience is a teacher…as is each puppy dog and pussycat.  

Sinbad…The Rubayyat has been my favorite since my 20s…a lawyer introduced me to it, a rather memorable individual, like the poem…I very much enjoy reading the works of those who have scaled the spiritual heights…others are John Donne, William Blake, Samuel Coleridge…many more.  Thanks for your comment, it’s good to be back…mostly…but a strain on some days, when the pool is desecrated.

Moggy 

analysis.

I have a high of 49.32 and a low of 4.59. I think there must be a quote problem.

Still my outlook: as long as it rides this top BB we are good. When it drops below be careful.

aurum NGD