Loading ...Lunar…thanks for the Monster Crash ….Excellent
..saved at Humour
FGC
Could you have held after Tuesday 1.4 mil drop <G>
Silverfox..thats pretty obscure information…where do you get that ?
……….and I’m not selling till it gets to 1 Sextillion ZWD
FGC… Gold /ZWD
Monday, December 1, 2008
1 Zimbabwe Dollar = 0.00000002 Gold (oz.)
1 Gold (oz.) (XAU) = 49,883,125 Zimbabwe Dollar (ZWD)
Tuesday, December 2, 2008
1 Zimbabwe Dollar = 0.00000002 Gold (oz.)
1 Gold (oz.) (XAU) = 48,433,329 Zimbabwe Dollar (ZWD)
Wednesday, December 3, 2008
1 Zimbabwe Dollar = 0.00000002 Gold (oz.)
1 Gold (oz.) (XAU) = 56,220,809 Zimbabwe Dollar (ZWD)
Thursday, December 4, 2008
1 Zimbabwe Dollar = 0.00000002 Gold (oz.)
1 Gold (oz.) (XAU) = 66,289,490 Zimbabwe Dollar (ZWD)
Friday, December 5, 2008
1 Zimbabwe Dollar = 0.00000001 Gold (oz.)
1 Gold (oz.) (XAU) = 68,398,634 Zimbabwe Dollar (ZWD)
Saturday, December 6, 2008
1 Zimbabwe Dollar = 0.00000001 Gold (oz.)
1 Gold (oz.) (XAU) = 79,528,049 Zimbabwe Dollar (ZWD)
RNO @ 21:53
So that explains why the Ment hasn’t been around for awhile. He is afraid that if he shows up he is going to have to cough up a taco! That was an easy connection. Trying to connect the dots on this political and economic puzzle is much tougher. I am in the process of doing everything I know of and am able to do to weather whatever storm approaches. A deflationary outcome would suggest laying up some cash but your point about only being able to turn in a certain amount is well taken. With the power that they have it is as if we own nothing, as they own us. I’m just a hunker’n down and a hide’n and watchin.
One of these days I need to go bird hunting. I did it a couple of times when I was young. It was a blast!! And very challenging. I have done a lot of big game hunting but that is so different there is no comparison. Do you use 12 gauge for pheasants or is that too big? The only shotgun that I own is a little 4-10. Need to get me something with a little umph to it I would guess.
Thanks to you for all you do here at the Tent from a market neophyte that needs all the help he can get.
Dusty
winedoc @ 20:40 pm
Top ten albums Rolling Stone Magazine:
Clearly that list is biased and manipulated by TPTB (Rolling Stone Magazine)!
Pink Floyd’s “Dark Side of the Moon” is the greatest selling album of all time, and I don’t see it on that list. Solid Gold, baby!
Fully…22:43
Hey you forgot King Mamabo
Fullgoldcrown @ 22:43 pm
“….Right About Now would be a good time for Jesus or Buddah or Krishna or Mohammad or Moses….or Confuscious…or even Alladin….to show up….?”
I thought that was Obama’s job! …silly me. 
California running out of cash by February what states are next?
SAN FRANCISCO (Reuters) – California is on track to run out of cash in February or March and faces a $15 billion cash shortage by the end of its fiscal year in June unless officials plug an $11.2 billion budget gap, according to the state’s budget director.
Additionally, if Gov. Arnold Schwarzenegger and lawmakers fail to close the current fiscal year’s budget shortfall soon, California, the most populous U.S. state, may in March delay payments to its vendors or hand them notes promising payment, according to a December 1 letter to top lawmakers from the director of the Department of Finance, Michael Genest.
A copy of the letter was obtained on Friday by Reuters.
“Specifically, it now appears certain that available cash reserves from all sources will fall below the cash cushion target of $2.5 billion in February and that the state will begin delaying payments or paying in registered warrants in March,” Genest said in his letter.
“To reduce this threat, the administration is also proposing legislation to increase internal borrowable cash resources,” Genest added. “However, even with this cash solution the state will not be able to pay all of its bills in the absence of quick action on the budgetary solutions.”
The last time California, the world’s eighth biggest economy and the largest issuer of U.S. public debt, issued payment promises to vendors was in the early 1990s.
“We’re going to be very slim in February and absent any action we go into a negative cash balance in March and that means clearly we’re not going to be able to pay all of our bills,” said H.D. Palmer, Schwarzenegger’s spokesman on state finances. “We need to take very real action to address the immediate crisis … We’re in extraordinary fiscal circumstances.”
Legislative leaders were not immediately available for comment on Genest’s letter, which came on the heels of Schwarzenegger calling lawmakers into a special session to close the budget shortfall.
The state’s revenues have been weakening more than expected, reduced by a lengthy housing slump, sagging retail sales, turmoil in financial markets and rising unemployment.
Strikerod…Doug Casey….I LIKE it
……I think he’s right on….that is unless the whole Financial System disappears…
If I was Religious…I’d be Praying harder for the return of a Messiah right about now
…We need devine intervention ….
….Right About Now would be a good time for Jesus or Buddah or Krishna or Mohammad or Moses….or Confuscious…or even Alladin….to show up….?
…..Hell…I think we may need all of them….
…..What a mess.
Dec 05, 2008 (Houston Chronicle - McClatchy-Tribune Information Services via COMTEX) — Just six months ago, the question was how high crude could reach. Now, it’s how low can it go?
Oil prices have fallen more than $100 a barrel amid a global recession that has sapped consumption. And economists say the sting will likely last longer than any other recession since World War II.
Now, $40 crude — seemingly unthinkable during its dizzying race into triple digits in the first half of this year — is within reach.
Today, light, sweet crude for January delivery fell $1.30, or 3 percent, to $42.37 a barrel at 9:15 a.m. CST on the New York Mercantile Exchange. Futures touched $42, the lowest since Jan. 4, 2005, more than 70 percent below the all-time high closing price of $145.29 on July 3.
IHS Global Insight chief economist Nigel Gault said Thursday inflation has vanished alongside oil’s plunge. He said crude could hit a trough of $39 a barrel in the second quarter of next year, increasing the threat of deflation — falling prices in tandem with reduced output and higher unemployment.
Tom Kloza, chief oil analyst with the Oil Price Information Service in Wall, N.J., called $40 the new $10, meaning $40 is the bottom now as $10 was the bottom in the last two oil crashes in the mid-1980s and the late 1990s.
But Merrill Lynch’s global economic team said in a report Thursday prices could temporarily fall as low as $25 a barrel if the recession spreads to China and the Organization of the Petroleum Exporting Countries doesn’t cut enough production at its Dec. 17 meeting.
Overall, the Merrill team lowered its average crude price forecast to $50 a barrel for 2009. The forecast anticipates a trough in the first half of the year as seasonal reductions in driving and other oil consumption further drag down already shrunken demand, followed by a “modest recovery” in the second half.
All eyes on OPEC
The federal government last month slashed its forecast of the average 2009 price to $63.50 from $101.45, also reflecting crude’s rapid fall.
In a silver lining for motorists, the price at the pump has followed oil down. A gallon of regular gasoline, which climbed above $4 nationwide in July and approached that figure in Houston, averaged $1.79 nationally and $1.65 in Houston on Thursday, AAA reported.
James Williams, head of WTRG Economics, an Arkansas-based energy consulting firm, said a further drop in oil prices to $25 to $30 a barrel is reasonable if OPEC doesn’t impose and comply with more aggressive cuts.
The onus is on OPEC to balance the market because the recession likely already has spread to China, he said, lowering demand in the world’s most populous nation. Its thirst for fuel contributed to the price run-up over the past four years.
“Factories are closing,” Williams said. “Housing is overbuilt in many areas. And the government is going to fund infrastructure projects to increase employment” with the $580 billion-plus stimulus package announced a month ago.
“That kind of sounds like the U.S., doesn’t it?” he said.
In October, when crude was above $60, OPEC said it would shrink output by 1.5 million barrels a day. Output actually was down about 1.2 million barrels when the cartel met last Saturday in Cairo, and said it would decide on additional cuts at the Dec. 17 meeting.
But consumption is down by 1.27 million barrels in the U.S. alone, Williams noted. He said OPEC will have to cut more to compensate for shrunken demand elsewhere as well as seasonally low demand in January and February. Such cuts would slow crude’s slide, if accompanied by a cold winter pushing up demand for heating oil.
“If they cut another 3 million barrels by March, they have a chance of maintaining the current price or maybe even as much as $50,” Williams said.
Michael Lynch, president of Winchester, Mass.-based Strategic Energy and Economic Research, also said crude could fall as low as $25 “at least briefly,” but OPEC is likely to cut production enough to ratchet prices back up to $50 by the end of the first quarter of next year.
“After three months, the market will be more or less balanced,” he said.
UH prof weighs in
Michael Economides, an oil expert and chemical engineering professor at the University of Houston, said oil’s dance with low double digits will end when the recession eases. As the economy rebounds, so will oil demand.
And when it does, supply will be tight because the industry is scaling back on expansions and new projects until economic conditions improve. That means triple-digit oil could make a comeback in as little as 18 months, depending on the speed of the economic recovery, Economides said.
“I think the price of oil will surpass $150 before too long.”