Loading ...i found an exchange in chicago that trades carbon credits. biodiesel, ethanol, protein for bovines, and carbon credits in one process. we gotta light a fire under jeremy.
glad farmgal is doing better. what a trooper. think about what you want to do to the van while you are here.
rno
Farmboy and I had that argument over far away land prices long ago..and the answer is …The prices were too high and they are coming down fast..most resorts are on hold or suspended animation since about 2 month’s ago
Will the economic collapse ffect those beautifull little islands…or are they far enough out of the way to be self sufficient ?
I ain’t leavin Chi Town till gold hits 900…so that should be Monday..We will see..I got Fanny May candies for Farmgal..she was so brave..chocolate covered coconut ,yellow chocolate vanilla creams..dark chocolate covered heath ,and dark chocolate covered almonds..she was eating the bon bon’s and watching Jeperdy..paper wrappers flyin all over the place..and I was looking for a way to cover the costs…Jesus they didn’t hear we have deflation…I was interrupted here…25 dollars a pound for Godd old Fannie May …Mayor Daley should have let them go to Boulder Colorado when they wanted to move…25 dollars a pound…now if we could get vanilla cremes traded on the Comex I could have been able to buy them for 2.12 per pound…
No snow. No arctic midday gloom, and never a midnight sun either. But how about midnight T-shirt weather?
One interesting thing. There are some ruins at a place called ‘Nan Madol’ in Pohnpei. They are the biggest in the Pacific basin by a very large margin and in part date earlier than 200BC. Huge stone blocks, some of 50 tons, quarried miles away and erected on site. There is a form of kava here which is traditionally pounded out on rock. There are pounding blocks at Nan Madol of 2 tons !! The photos are amazing, we’ll visit after Christmas when things are easier. My first thought is to remember - all things must pass. Princes, kings and glories come and go. What that’s quote “Put not your faith in princes”.? Nor central banks.
Cheers - Lifeboat
are you headed south yet? i have made arrangements for you to shoot a 50 cal bmg rifle, go noodling and quail hunting, tour a few wind generation units and skin a coyote. the noodling will really be fun. the ice on the river is only a couple of inches thick!! go to okienoodling.com for an intro.
jeremy will be here for the new year.
rno
things are going to get a lot worse before they get better. the value of resources is going to “adjust” to a new reality. things we purchase and consume on a daily basis that are not big ticket items probably aren’t going down much. things we use regularly but purchase irregularly (appliances, autos, etc.) are going to take a big hit. luxury items will be hit extremely hard. oil and gas have been down long enough that some stress is showing in oklahoma. this spring, i think the boat dealers will have a big sale to clear their lots and will attempt to survive by servicing them. i’m “lickin my chops” but i just can’t justify a new boat. i only went out twice last year in my boat. way too many boats in my family for anyone to justify a new one.
the ski resorts boomed because of the baby boomers and now we see the results. the first wave of baby boomers are coming off the slopes and into retirement areas. many are finding out how secure their retirement is. the next boom will be multifamily dwellings with skilled care areas for the boomers who will soon be geezers.
autos, housing, and durable consumer goods sales are slowing grinding to a halt. that can’t be a good sign for the economy and equity markets.
rno
…Lucky stiff !
You did miss a great party.. but the rocket suppositories look a bit brutal even for such a transgression…. ‘praps we’ll just leave it that you’ll both have to enter a coin-grading competition with LP …. or an extended discussion on credit default swaps with Da Ferret… and if you come off second-best….. you shout the gold bug bar (now there’s a penalty!)
Best Christmas wishes to you both… we missed you and look forward to when we’ll have the chance to see you again.
Yeah for you…good job..you missed an OZ party though..and there is a penalty for that infraction….it will be taken up by a panel of judges..Ozzibal,Ferret Wanka and Equiz…something about rocket suppositories at dawn…
Can you get the quote machine on the boat?
If I remember all you have is a slight sensitivity to excess light ..right? Good to see you..ya know I looked up in the sky and I knew there was something different from Belize..besides the ungodly amount of neon signs as soon as I crossed the Texas border…you know what was different? No telltale smoke crisscrossing the sky..I almost forgot what I was looking at.
And you see that box of medical aides that Winedoc has …yeah..get a dozen or so of those babies and they will light up your life….tell him not to forget the O rings Haaaaa
The good ship Lifeboat arrived safely in the Federated States of Micronesia just in time for Christmas, and just in time to wish you all the very best of happiness with your families and friends in the holiday season. For ourselves, we have already had a taste of island hospitality. Barely had we stepped ashore when we were invited to join a family Christmas day celebration.
We at the Tent live in hope that we have made the right decisions to survive the coming crises, but the assets we will need most are courage, resourcefulness and human decency. Wisdom is more precious than gold.
We rarely get a chance to visit the Tent these days but think of you often, knowing there are wise heads watching history unfold.
Best wishes and love to you all - Mr & Mrs Lifeboat
I went to a local coin dealer today and bought silver rounds @ spot plus $1.50. Included was a ‘used’ silver eagle. It was pretty dirty and nicked up. He said he sees them fairly often and thinks kids steal them from their dad’s collections and thinks they circulate a bit before someone recognizes that they have more than $1 face value. I went there to get some holders for gold to give my sons for Christmas. Been doing that for 10 years. One year I gave them platinum that I’d bought for $360 each when spot was $320. 9 months ago my sons thought they were going to be rich when it hit $2,200+, I told them to wait a while and they’d be richer. By the way, the dealer wants to buy gold, said he hasn’t been able to get any paladium or platinum for many months. Happy holidays!
The following is a clear indication as to why the average person remains ignorant to what has and continues to take place in this crises. His second paragraph tells of his lack of knowledge yet his piece gets accepted for distribution through MSN Money for hundreds if not thousands to read.
What he fails to recognize and say is that this crises WAS CREATED BY THE FED and not because they failed to do their job. The FED /Greenspan knew exactly what would happen when he first began to lower interest rates - he was going to create the next bubble which turned out to be The Housing Bubble. Greenspan also knew that by not regulating and having government oversight of derivatives, that too would eventually create this crises. Greenspan / The FED also knew full well who stood to benefit from both his actions and inactions - international bankers and global corporations.
He attempts to make the case that The Fed is not up to the job in order to solve this crises by citing specific points where “they failed” … but did they really fail or did they execute their plan? This is the critical point the reader will miss when reading this editorial and as such, “they” will be allowed to continue forward with the plan to destroy the US economic system bringing themselves one step closer to their New World Order.
I will give him credit for attacking The Fed, but until such time that he digs deeper into what has happened, why it happened, and by who, he fails to fully enlighten the readership who is seeking answers that are much needed. He is also wrong in suggesting the need for a new global monetary system - in fact that is the last thing the world needs. Globalism is causing the crises we face today!
By Jim Jubak
MSN Money
Over the past decade, the Federal Reserve has demonstrated it isn’t up to the challenges of the financial markets of the 21st century.
The Federal Reserve had the regulatory power to head off the worst excesses of the markets in 1999 and 2006, but it chose not to act. Why not? Why didn’t the Fed take even the easiest steps to head off not one but two bubbles?
Here’s the simplest explanation: The Federal Reserve stayed rooted to the sidelines because the Fed, while still capable of technical innovation, is bound by its history and its very DNA to the financial world of the past.
That wouldn’t be so bad, except that the world is facing the need to invent a new global financial system. And it needs the help and leadership of the United States.
In this column, I’m going to tell you why I believe the Fed isn’t up to the job. Make up your own mind. If I’m right, I don’t think the solution to the crisis is to give the Federal Reserve more regulatory power. Something much more revolutionary than a tweak here and an expansion of authority there is needed if we want to avoid a replay of today’s financial crisis in five years or so.