Gold , coins , miners , timing

[Paint Your Wagon]

And the beat goes on ........

Fannie, Freddie Ask Banks to Eat Soured Mortgages (Update1)   

http://www.bloomberg.com/apps/news?pid=20601087&sid=aJcAMaiuifjc&pos=4

[Paint Your Wagon]

UK producer  prices rise by double of what they rose on average the last 10 years
Glorious inflation coming

http://www.ft.com/cms/s/0/269e011a-283f-11df-9f8f-00144feabdc0.html

[whadda]

And the beat goes on ........

Fannie, Freddie Ask Banks to Eat Soured Mortgages (Update1)   

http://www.bloomberg.com/apps/news?pid=20601087&sid=aJcAMaiuifjc&pos=4

They are playing hot potato with the debt now that the initial banking crisis has past. Also, deeds (or mortgage paper) were sliced and diced at least 20 or 30 times using leverage so it is almost impossible to put the paperwork back together again, a further loss for the banks or GSEs or whoever is holding the paper. This besides what might happen in a further housing price correction in the near future. Already lost 50% why not try for 66%?

[whadda]

Norcini at jsmineset.com has some charts of commodities priced in dollars and euros. Bet you can't tell when they started pumping money into the system to halt deflation.

[whadda]

 For all the talk of gun control in the states esp. handguns, here in California you can walk into a store to buy a shotgun (any long rifle) and walk out with  one after showing you have a permanent address. It's call the 'castle rule' which is your right to defend your castle (home) along with the right to bear arms. In states like Texas home burglars end up with bullet holes in them all the time. Maybe it makes for a news article but that's about it.

When I visit a brother in the High Sierras near Mammoth we reload shotgun shells then take the slinger and go out and shoot skeet. You talk about beautiful scenery as a backdrop.......

[TwoShadows]

They just passed a bill yesterday, here in Indiana, that prohibits confiscation of firearms during an emergency or crisis and it also includes the right to have a firearm in your locked vehicle while its parked at work. Of course the do-gooders are already claiming there will be more employees going postal. Well, the way I see it, if a fellow is going to go postal a trip to the house is just a convenient as getting the gun out of the car. If a man is going to do harm nothing is going to stop him so there is NO further use in penalizing law abiding citizens for criminal activity.
I will agree every MAN and WOMAN on the planet have the right to protect their homes, property and family. Police departments around the world would have much more respect is they were allowed to be policemen when dealing with those who flee instead of dog catchers! If you want to run then expect bullets your way!
Starbucks has announced it will SERVE customers who are wearing their weapons openly and we are already hearing from the scared little city slickers who are claiming they don't know if that man with the gun is going to protect them or kill them? My answer is simple, If you can stand outside the Starbucks ranting to a TV news camera crew it is apparant he wasn't going to kill you? People in the big cities have been scared so long they don't know real help when it finally arrives.

[TwoShadows]

You folks out there keep the wheels rolling as there are many who would join your wagon train! I think there are a great number of business establishments and public places who don't realize how much money they lose each year because a man and his family cannot be on there premises with a legally owned weapon. I have passed up many a place due to the NO FIREARMS signs posted. Law abiding citizens will do so but do they really think a criminal, bent on doing harm, will stop when he reads the sign?

I have had a handgun permit for almost 40 years and 30 of them was a personal carry concealed weapon permit. Now it is a lifetime permit here in Indiana. Never had to reach for that gun one time but I always knew it was there. A couple of years ago I read a "Letter to the Editor" in the Indianapois Star thanking those who kept the writer safe. It was not directed to law enforcement. The man was thanking the almost 300.000 Hoosiers who had the right to carry concealed weapons. This number alone, in his mind, stopped more street muggings, restaurant robberies and street crime than anything the police could ever do. It was very rewarding to read something positive about firearms and the role they play in our everyday lives.
I have hunted, target shoot, fish and trapped most of my life. I enjoy plinking with everything from a BB gun to a high powered rifle and a bow and arrow (too old for the bow now!) and I have never been a threat to anyone other than the food I might put on my table and I pay dearly if I still wish to do that. There is no such thing as a free meals unless you are on welfare. The outdoorsman has paid for the bulk of the conservation efforts in this country and continues to do so.My time outdoors has been a huge never ending educational experience and I can guarantee you in the event of a natural disaster I will not be waiting in a local gymnasium or church for the government to save me and my family!!!

[dharmaeye]

   
An armed society is a polite society. Manners are good when one may have to back up his acts with his life.
Robert A. Heinlein

[Paint Your Wagon]

They accept to change pounds into zimbabwe dollars now 

http://business.timesonline.co.uk/tol/business/columnists/article7046086.ece

[TwoShadows]

So if I weigh 164 pounds what would I be worth?

[Paint Your Wagon]

So if I weigh 164 pounds what would I be worth?

Depends
An official pound is like 0.45 kilogram if I remember correctly
But since the first worldwar we in Belgium use a pound that is 0.5 kilogram
So half a pound is 0.250 kilogram in Belgium
We will buy meat for the sandwiches in half a pound quantities ( 250 grams )

Anyway the right answer is you are priceless 

[Templar]

TWO SHADOWS.......LIKE A CAR-----YOU WOULD BE WORTH MORE IN PARTS THAN AS A WHOLE............LOL

       YOUR FRIEND--TEMPLAR

[TwoShadows]

Just my luck! I got to fall apart to be worth anything!

[Paint Your Wagon]

I looked at the weekly gold stats which start on sunday and it looks
more and more that golds rendez vous with a relative high is for 19 march
( or thereabouts like the vendor of Oliver is chanting )

[Paint Your Wagon]

"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain."
–Napoleon Bonaparte, 1815

[Paint Your Wagon]

France says we must help greece or loose the euro
I vote for loosing the euro and go back to good old francs

http://www.bloomberg.com/apps/news?pid=20601087&sid=aePSFgrlaMiY&pos=1

[Paint Your Wagon]

The greek population is really smart
85% thinks the rich are going to get richer and the poor are going to get poorer
according to a poll

[Paint Your Wagon]

Between 2005 and 2007 austrian internet banks laundered 2 billion mafia money

and I poor individual get declared by my bank if I transfer 10 000 euro from one account
to 10 000 euro of another account with another bank 
How the hell can you email a billion a year without being caugth the first month ?
Because everybody getting a commission on that size looks the other way ?

http://www.tijd.be/nieuws/ondernemingen_financien/Oostenrijkse_banken_wassen_miljarden_van_maffia_wit.8889185-433.art

[TwoShadows]

The key to everything is the mere fact all governments and those in power know the average man and woman have very little time to voice their displeasure on whats going on around them. The masses will be upset for a few days and go back to attempting to make a living and make ends meet. Those who DO NOT back off are branded as dissidents, political activists or home grown terrorists and fed to the media as the bad guys. When you have ALL the power and money you can do anything you want especially in a greed driven, corrupt world we all live in. Yes the rich get richer and the poor get poorer and its NOT over yet! They intend to bring the masses to their knees as it will be much easier to institute their one world one government when everyone has nothing left.  
   And they know they can confiscate anything they so desire at a moments notice. If you have guns, ammo, gold, silver, cigarettes, beer or even food, ect...it would be a good time to find a safe place to hide it! Time is growing short! One thing is for certain a bank is NOT a safe place!

[Paint Your Wagon]

Coin of the month
500 pieces
Stripdesigner Hergé centenary
Monnaie de Paris 1 oz

[TwoShadows]

So if the mintage is only 500 pieces the price must be astronomical?

[Paint Your Wagon]

So if the mintage is only 500 pieces the price must be astronomical?

Monnaie de Paris churns them out at a rate of like 65 coindesigns a year
I got it for 31% over melt
That will be melt in a little over a year 

[longnine009]

The greek population is really smart
85% thinks the rich are going to get richer and the poor are going to get poorer
according to a poll

Sounds like their "sudden" discovery is a reason to "soak the rich." As if the rich haven't figured that out yet. 

[longnine009]

They accept to change pounds into zimbabwe dollars now  

http://business.timesonline.co.uk/tol/business/columnists/article7046086.ece

England is repeating it's history. Their Naval doctrine at one time specified that the Royal  Navy be  twice the size of the next two biggest Navies (France and Spain) added together. Now they have the same doctrine with Gordon Brown--twice the half wit of the next two biggest half wits (Tim and Ben) added together.  

Hey the money genius sold England's gold at it's lowest price. Maybe if he starts buying it back, it will signal a  top?

[Paint Your Wagon]

Iceland
Once the fifth richest nation ; rejects to pay Engeland and Holland

http://www.bloomberg.com/apps/news?pid=20601087&sid=a79L24mIpisI&pos=7

[Paint Your Wagon]

8 march ( my first potential gold high)

I sold my trading part in Harmony for 2% whopping gain 
This will probably be the last time I trade HMY
I sold because the descending trendline at 7.40 is not far from todays 7.25 euro I got

I have still a full investment part which I want to bring down by 19 march if I can
at 7.40 euro

[whadda]

Ya think a guy would get a little warning with some topping action first like double checking the $1040 area. Hopefully today the 8th is just an alert.

[Paint Your Wagon]

Ya think a guy would get a little warning with some topping action first like double checking the $1040 area. Hopefully today the 8th is just an alert.

Yes I hope too it is just a retreat to go up into 19 march
Otherwise is was once again one of those dispicable tops you only see under a
magnifying glass
For this week and the next week I will be using trendlines and fibbos and momentum
and 2sigma channels if we should go farther up .
Otherwise I am stuck going down 20 to 53 days into the next cycle without hardly any cash
apart from emergency reserves

[Paint Your Wagon]

Way I see it

scenario 1 : the high is done 20% chance
scenario 2 ; the high is around 19 march 60% chance
scenario 3 ; the high is one week late giving three sub sub cycles of 39 days ( done)
38 days (done) and 37 forecasted gives a 114 day cycle

There is NO volume in goldminers today in Europe meaning the specialists
are waiting to see how it swings

[Paint Your Wagon]

It would appear that Pt is the only metal not headed south.

It's likely to be a long, cold winter afterall.

Yes ; looks like people think more cars with catalysators are going to be sold
I wonder whether they install that component for chinese cars in china

The winter is allready too long and too cold here

[Paint Your Wagon]

And the academical question is ? Can gold get above 1119.307 Fibonaci and turn the Bollinger Bands and break the downtrend the next half hour
15 minute bar chart attached 

[Paint Your Wagon]

The day is saved
We had a breakout  by way of a small head and shoulder formation

[whadda]

Sold some NG for profit.

[Paint Your Wagon]

Sold some NG for profit.

I think that was a good move
Yes I saw the blue for NG on my puter screen ( it is blue and red )
The only blue I own is Oceana and I am keeping that one

Tomorrow is anudder day

[Paint Your Wagon]

And the beat goes on ...........

Italians say problem of Greece is over and nobody will follow next

http://www.bloomberg.com/apps/news?pid=20601087&sid=aOkYIczFiqp4&pos=2

[Paint Your Wagon]

Notwithstanding a large loss
bonusses for outperforming are paid 

The outperformance will lead to a £15m bonus payment to staff, a figure that includes £1.5m in respect of the supertax on bank bonuses.

They only lost 139 million
Hurah more bonusses next year  and the year after etc

http://www.ft.com/cms/s/0/fe1e390e-2c16-11df-9187-00144feabdc0.html

[longnine009]

Ha ha the NY Times (all the news that's fit to shill) says the economy looks "surprisingly normal."

Must be because there's no "surprisingly surprising"  cartoon out yet of  Dan Rather selling watermelons  in uptown  instead of apples or pencils. 

*******************************************************
"The New York Times is right; it is an economy that looks surprisingly normal…
Zombies can look surprisingly normal too. If you clean them up."
Bill Bonner
********************************************************

[Paint Your Wagon]

Ha ha the NY Times (all the news that's fit to shill) says the economy looks "surprisingly normal."

Must be because there's no "surprisingly surprising"  cartoon out yet of  Dan Rather selling watermelons  in uptown  instead of apples or pencils. 

*******************************************************
"The New York Times is right; it is an economy that looks surprisingly normal…
Zombies can look surprisingly normal too. If you clean them up."
Bill Bonner
********************************************************

The most surprisingly normal people are serial killer psychopath of the organised kind
with IQ's of 160 plus
They have also very pleasant personalities when not on the job

There is so little news that it looks like somebody is cleaning up the shop before printing time

[longnine009]

Ha ha the NY Times (all the news that's fit to shill) says the economy looks "surprisingly normal."

Must be because there's no "surprisingly surprising"  cartoon out yet of  Dan Rather selling watermelons  in uptown  instead of apples or pencils.  

*******************************************************
"The New York Times is right; it is an economy that looks surprisingly normal…
Zombies can look surprisingly normal too. If you clean them up."
Bill Bonner
********************************************************

The most surprisingly normal people are serial killer psychopath of the organised kind
with IQ's of 160 plus
They have also very pleasant personalities when not on the job

There is so little news that it looks like somebody is cleaning up the shop before printing time

Oh, they were cleaning that up while Rather was still talking. He got as far as "He couldn't sell watermelons if a state trooper---" and then Chris Matthews interrupted him.  Unfortunately for the "fair and balanced"  network,  Limbaugh has the audio and is happy to play it and play it and play it

Does anyone remember the group Renaissance? A Trip to the Fair sounds like a good song for Pelosi.

I took a trip down to look at the fair
When I arrived I found nobody there
It seemed I was all alone
Must be that they've all gone home

[Chorus:]
A trip to the fair but nobody was there
A trip to the fair but nobody was there

Voices of yesterday make not a sound
Even the roundabout stopped going round
I wonder just what it means
Is everything how it seems?

[Chorus]

A creak as the dodgems came onto the scene
Wheels began turning I started to scream
A carousel swung around
My head spun and hit the ground

[Chorus]

I close my eyes to disguise the fear from inside
Trembling within my own mind I find no place to hide
Stars of tomorrow shine through the grey mist that has gone
I wish that this trip to the fair had never begun

Suddenly thousands of faces I see
Everyone seemed to be staring at me
Clowns laughed in the penny arcade
What was this game my mind played?

I took a trip down to look at the fair
When I arrived I found nobody there
It seemed I was all alone
Must be that they've all gone home

A trip to the fair but nobody was there, but nobody was there
A trip to the fair but nobody was there, but nobody was there

Renaissance-A Trip to the Fair

[Paint Your Wagon]

Stormwarning

The big boys are currently running all the stops on gold and collecting all the
smaltimers money again
Can they push it below 1110 ?   
Whatever ; anybody on margin is going to be in deep shit

[longnine009]

Stormwarning

The big boys are currently running all the stops on gold and collecting all the
smaltimers money again
Can they push it below 1110 ?  
Whatever ; anybody on margin is going to be in deep shit

How do you know it's not  a secret bear trap being laid by the investment Ninja  Gordon Brown?  

Over on this side of the pond,  I think Pelosi took  a retard  enhancement pill yesterday when she said we need to pass Obama care so we can find out what's in the bill.

Silver is down 24cents. I suspect (wild guess actually) that it's time for Miss Silver to go into her missy pissy depressive mood for awhile. I'm hoping to buy silver next month at some coin shows.  

[longnine009]

 *****************************************************
 By CHRISTOPHER S. RUGABER, AP Economics Writer Christopher S. Rugaber, Ap Economics Writer   – 12 mins ago

WASHINGTON – Unemployment rose in 30 states in January, the Labor Department said Wednesday, evidence that jobs remain scarce in most regions of the country.

The data is somewhat better than December, when 43 states reported higher unemployment rates, but worse than November, when rates fell in most states.
********************************************************
Ho Boy! How SURPRISINGLY AMAZING  we have 5.9% GDP

[Paint Your Wagon]

Stormwarning

The big boys are currently running all the stops on gold and collecting all the
smaltimers money again
Can they push it below 1110 ?  
Whatever ; anybody on margin is going to be in deep shit

How do you know it's not  a secret bear trap being laid by the investment Ninja  Gordon Brown?  

Over on this side of the pond,  I think Pelosi took  a retard  enhancement pill yesterday when she said we need to pass Obama care so we can find out what's in the bill.

Silver is down 24cents. I suspect (wild guess actually) that it's time for Miss Silver to go into her missy pissy depressive mood for awhile. I'm hoping to buy silver next month at some coin shows.  

I think the gold low for the year will be 20 to 50 calender days from today

[Paint Your Wagon]

*****************************************************
 By CHRISTOPHER S. RUGABER, AP Economics Writer Christopher S. Rugaber, Ap Economics Writer   – 12 mins ago

WASHINGTON – Unemployment rose in 30 states in January, the Labor Department said Wednesday, evidence that jobs remain scarce in most regions of the country.

The data is somewhat better than December, when 43 states reported higher unemployment rates, but worse than November, when rates fell in most states.
********************************************************
Ho Boy! How SURPRISINGLY AMAZING  we have 5.9% GDP

That GDP if true is because you got more then 6% inflation

They just announced on TV that Belgian food inflation is the largest of the union
Well at this time of the year we import alot of veggies from the south and we
like to get good food

[TwoShadows]

Who would ever think the TRUTH could bring some much laughter!

Only the government could come up with a fine of $1,000 for going to a doctor or emergency room if you don't have insurance? If you can't afford insurance who is going to pay the $1,000 fine? Guess it will fall on the welfare system and taxpayers?

[Paint Your Wagon]

Who would ever think the TRUTH could bring some much laughter!

Only the government could come up with a fine of $1,000 for going to a doctor or emergency room if you don't have insurance? If you can't afford insurance who is going to pay the $1,000 fine? Guess it will fall on the welfare system and taxpayers?

Is that 1000$ per visit ? If you have an accident that requires going back
six times that starts to add up
I allways had to smile when Monsanto provided me with an official lettre
I had to have in my wallet at all times in america ; saying that they would
pay for any medical attention I required and no questions asked
Lucky me ; I never needed attention of a doctor in america .

[Paint Your Wagon]

A yull brynner film
The ugly american

The Ugly American is a novel that was published in 1958, and was later made into a movie starring Marlon Brando. It tells the story how America was losing the hearts and minds of the people in Asia after its heroic performance in the Second World War by the predatory business practices and exploitation of US multinationals. The book was a bit of a scandal, coming on the heels of Nixon's visit to South America where he was spat upon by angry mobs.

[Paint Your Wagon]

Record monthly deficit for U.S.: $221 billion
By Annalyn Censky, staff reporterMarch 10, 2010: 4:19 PM ET

NEW YORK (CNNMoney.com) — The United States dropped a record $220.9 billion further into the red in February, the Treasury Department reported Wednesday.

http://money.cnn.com/2010/03/10/news/economy/federal_deficit/index.htm?hpt=T2

[longnine009]

Who would ever think the TRUTH could bring some much laughter!

Only the government could come up with a fine of $1,000 for going to a doctor or emergency room if you don't have insurance? If you can't afford insurance who is going to pay the $1,000 fine? Guess it will fall on the welfare system and taxpayers?

Is that 1000$ per visit ? If you have an accident that requires going back
six times that starts to add up
I allways had to smile when Monsanto provided me with an official lettre
I had to have in my wallet at all times in america ; saying that they would
pay for any medical attention I required and no questions asked
Lucky me ; I never needed attention of a doctor in america .

I hear there are American doctors talking about setting up clinics in Costa Rica if Obama care passes. May I suggest that the first clinic be christened the John Galt clinic?  

IMO, TARpit and Obama care, either one or both are the Fourth Turning catalyst. It just gets worse from here until the crisis stage which may be ten years off. The United States has had three Fourth Turnings which end in a crisis that eventually structurally changes society. The three crisis' were: American Revolutionary war, the U.S Civil War and the Great Depression/WWll.  Fourth Turnings are not "bumps" in the shovel ready road.

Nothing has been fixed. The exact opposite has happened. Had they let these AIG and Citi scumbags collapse the weak would be gone and the strong banks and insurance companies  would have been made stronger by buying up their assets at market prices. But if they had done it right it would not only be the first thing they did right, it would have prevented the history of the Fourth Turning from happening. You see politicians do serve a purpose; they can even screw it all up at the right time.  

The consumption economy is ending.  Boomers are  broke, out of credit, out of luck, and too old to rumble with cops in their hippy fantasies of "come the revolution."   And if they are still in stocks "for the long haul" they better go do some more jogging and pollute my air with bo because they gonna have some heaving hauling to do with the grand super cycle flipping.   If they start paying down credit and start saving there is no consumption economy. There is no economy anyway without massive credit expansion and debt slaves because there has been no *real gain* in aggregate wages since 1975. Note to Ben and Tim *real gain*=nominal gain minus the *real* inflation rate. Not your crayola core index.
 

[Paint Your Wagon]

I remember reading a book ; like 20 years ago about one of those
economic visionaries . At the time he seemed feable brained .
He said the next step in the economy will be a barter economy again
because that is not taxeble ; I will give you six pounds of porc if
you come and help my wife with springcleaning etc

[Paint Your Wagon]

He said the next step in the economy will be a barter economy again
because that is not taxeble ; I will give you six pounds of porc if
you come and help my wife with springcleaning etc

This is actually happening right now throughout this part of the country, and has been one of the better parts of living in these rural areas of this country. Around here we have bartered for almost everything since I can remember doing business. Yes, the women here still sew on their mashines to make clothing, and most of the building materials are locally manufactured with small saw-mills etc. Need some beef for dinner? Well, build that fence I been wanting and I'll drop off a hind quarter this afternoon.  Oh yah! It' all grass fed, without any of the chemicals you find in most produce.  And the town, county, state or federal government didn't make a dime off of this transaction........now that is the way it is done here abouts.                 And people say we are backwards! Ha!

It is like Paris Fashion
If you keep your clothes for 25 years they are the latest vogue again

We have probably 20% of our "economy" that is done outside working hours
without any tax or vat but still paid in money because most modern people do not
know with what to barter for the handyman
My handyman wants 200 euro a day and he hardly comes for less then a days work

These guys are greedy too . All one way street . He had worked a week at my place
and he saw me using an airgun to make a painting . I got a 2.5 bar buffered and dewatered compressor and three airguns . He asked me I could paint a pic on a car with those instruments . Now the crudest I have is a 0.7 mm needle and would paint on a car .
He asked me if I could/would paint a pic on his car ( like out of gratitude he accepted my
money for the work he did ) I told him I did not feel like painting a car for the first time in my life and that there are people that do just that for 750 euro and "bake" the car afterwards . Of course he never got the pic on his car . Cheap multimillionaire dipshit that he is . One day his daughter is going to inherit a lot of houses .

[whadda]

The problem is debt. So much debt that taxes and fees will not be able to cover it all. The debt comes from compounding interest on a factional reserve basis, interest earned on an ever increasing money supply can run to infinity.The accumulating debt just to payoff the future interest can run to infinity.  Business models are based on this banking system, leverage to infinity which is unsustainable. A Ponzi scheme. All in the name of growth. 1% - 2% growth where you work then go home to the wife and kids everyday is not considered progress. It should be instead of forget everything and make as much as you can.

A new currency system where the government issues interest free currency and loans is in order but the current bankers won't allow it as it would end their rein of terror and reduce them to being glorified accountants, the way it should be.

Local news here highlighted a guy working out of his garage painting designs, pictures, whatever you wanted on shoes like basketball shoes for a mural. Took him anywhere from a day to a week to to complete a project. His work is unique and in demand as the word spreads or walks to the rich and famous or the not so rich and famous. Needless to say, quite the artist. (Government will eventually squash him like a bug)

Took some profits on NG to early it looks like.......good thing I hold core positions.

[Paint Your Wagon]

I made this noon this chart
Given that my window of oppurtunity for a temp high closes after end of next week
we still have a chance of making it to 1160 like in this cycle
( unless the high is in )
The chart looks hopefull ( and I only sold my trading position of HMY sofar ; so I got too
much sorting out still to do )

[whadda]

I made this noon this chart
Given that my window of oppurtunity for a temp high closes after end of next week
we still have a chance of making it to 1160 like in this cycle
( unless the high is in )
The chart looks hopefull ( and I only sold my trading position of HMY sofar ; so I got too
much sorting out still to do )

That slow stoc. was predicatively correct as spot is up this evening.

I took some profit money and bought this really cool item I had my eye on for awhile now.

[whadda]

I'm still looking at $1150 as a ceiling near term. An over shoot maybe. Hope it doesn't run up and away because now I have some cash for lows.

[whadda]

PYW What do you think about this coin?

http://cgi.ebay.com/1910-2-1-2-Gold-Indian-Extra-FIne-L-K-at-Our-Gold_W0QQitemZ370348258127QQcmdZViewItemQQptZCoins_US_Individual?hash=item563a79f34f

[longnine009]

I remember reading a book ; like 20 years ago about one of those
economic visionaries . At the time he seemed feable brained .
He said the next step in the economy will be a barter economy again
because that is not taxeble ; I will give you six pounds of porc if
you come and help my wife with springcleaning etc

Doug Casey had a chapter in Strategic Investing on the "Alternative Economy."    Seems like every time we had a recession the  stories came out  about how people coped  with it through barter.   But there's a  "trifling detail"  they never mention: Time becomes increasingly irrelevant when people are unemployed and collecting unemployment insurance.   What's the big hurry now when you don't have a 100k  job to rush to? What's the hurry to go flip burgers and come off of the unemployment roles?  Unemployment=more time on your hands=marginal decline in utility of time= lower opportunity cost of wheeling and dealing in barter. The Nanny state taking care of everyone who's unemployed= People deploying their time like capital, "in their best interests."  

Since this is a depression not a recession, since most of these jobs are not coming back, since the Nanny State wants to do more nannying than ever, since the  Austrian School rules, the Nanny State may be sowing the seeds of their own demise with all their Nannying.  

Does this excerpt below have familiar ring to it:
"We believe  that as the modern nation-state decomposes, latter-day barbarians will increasingly come to exercise power behind the scenes.  Groups like the Russian mafiya, which picks the bones of the former Soviet Union, other ethnic criminal gangs, nomenklaturas, drug lords , and renegade covert agencies will be laws unto themselves.They already are." -- The Sovereign Individual  James Dale Davidson & Lord William Rees-Mogg  1997
And that's only page 18. There's still 358 more pages.  

[Paint Your Wagon]

PYW What do you think about this coin?

http://cgi.ebay.com/1910-2-1-2-Gold-Indian-Extra-FIne-L-K-at-Our-Gold_W0QQitemZ370348258127QQcmdZViewItemQQptZCoins_US_Individual?hash=item563a79f34f

The grade he uses does not exist but implies EF or XF ( Extremely Fine)
In fact I think it is a VF ( very fine) that is a whole category lower then he implies
It would be worth 156 dollars today in Brussels if I am right in VF
But I prefer MS over circulated coins that make up 90% of the coins
still in existence. They overplay the historical nature to make sentimental people pay
much to much
As an investor coin it is "worthless" and you would be better of with a modern day
eagle or krugerrand equivalent as investment

August

[Paint Your Wagon]

I remember reading a book ; like 20 years ago about one of those
economic visionaries . At the time he seemed feable brained .
He said the next step in the economy will be a barter economy again
because that is not taxeble ; I will give you six pounds of porc if
you come and help my wife with springcleaning etc

Doug Casey had a chapter in Strategic Investing on the "Alternative Economy."    Seems like every time we had a recession the  stories came out  about how people coped  with it through barter.   But there's a  "trifling detail"  they never mention: Time becomes increasingly irrelevant when people are unemployed and collecting unemployment insurance.   What's the big hurry now when you don't have a 100k  job to rush to? What's the hurry to go flip burgers and come off of the unemployment roles?  Unemployment=more time on your hands=marginal decline in utility of time= lower opportunity cost of wheeling and dealing in barter. The Nanny state taking care of everyone who's unemployed= People deploying their time like capital, "in their best interests."  

Since this is a depression not a recession, since most of these jobs are not coming back, since the Nanny State wants to do more nannying than ever, since the  Austrian School rules, the Nanny State may be sowing the seeds of their own demise with all their Nannying.  

Does this excerpt below have familiar ring to it:
"We believe  that as the modern nation-state decomposes, latter-day barbarians will increasingly come to exercise power behind the scenes.  Groups like the Russian mafiya, which picks the bones of the former Soviet Union, other ethnic criminal gangs, nomenklaturas, drug lords , and renegade covert agencies will be laws unto themselves.They already are." -- The Sovereign Individual  James Dale Davidson & Lord William Rees-Mogg  1997
And that's only page 18. There's still 358 more pages.  

Yes I was jobless for 7 years collecting 37 euro per day for infinity since I worked more then 25 years paying all social maximum taxes all my life . Which would never ever result in a fair pension . I paid like twice as much as needed to get the maximum pension .
And I paid like 36 000 $ taxes the first time I was fired (from Monsanto bless their soul
because with the balance I closed out the mortgage on my house )

So I got a second job and after 4 years when I was sick I was fired at Christmas and went to court to have that employer condemned for unfairly sacking me . He paid like 50 000 euro plus his lawyer and court costs .

So I got inscribed in a temp office and worked at 220 euro per day netto plus meals plus travelling cost plus all expenses whenever anyone was willing to pay that tarif . My wife cut back expenditures 50% but in return I was home most of the time . I had no insentive whatsoever to go and work for taxes and be sick of exhaustion 15% of the time and at my age work for 70% of my last salary . So I stayed a temp till retirement

I think between going broke in a private enterprise (tax deductable)  and being jobless for 7 years I recuperated some of the excessive taxes I paid

[Paint Your Wagon]

Surprise Surprise
The FED caught in illigal practices

NY Fed Under Geithner Implicated in Lehman Accounting Fraud



http://www.nakedcapitalism.com/2010/03/ny-fed-under-geithner-implicated-in-lehman-accounting-fraud.html

[Paint Your Wagon]

The goat is creazy
He thinks we care whatever he says
Why doesn't he go and preach to the Chinamen ?

Geithner warns EU on hedge fund regulation plan

LONDON (AFP) – – US Treasury Secretary Timothy Geithner has warned the European Commission its plans to regulate hedge funds and private equity groups could spark a transatlantic row, a paper reported Thursday.

Anyway ; every time I see his face I have to resist puking



http://asia.news.yahoo.com/afp/20100311/tts-us-eu-finance-economy-regulate-972e412.html

[longnine009]

The goat is creazy
He thinks we care whatever he says
Why doesn't he go and preach to the Chinamen ?

Geithner warns EU on hedge fund regulation plan

LONDON (AFP) – – US Treasury Secretary Timothy Geithner has warned the European Commission its plans to regulate hedge funds and private equity groups could spark a transatlantic row, a paper reported Thursday.

Anyway ; every time I see his face I have to resist puking



http://asia.news.yahoo.com/afp/20100311/tts-us-eu-finance-economy-regulate-972e412.html

Yeah, here we go MOMMY STATE TO THE RESCUE.

"Proposed new rules might damage US hedge funds, private equity groups and banks by curbing their ability to do business with Europe, Geithner argued in the one-page letter sent on March 1."

Like it's the EU's problem that they won't be able to dump their land fill in Europe?

[Paint Your Wagon]

He is just being prodded because they want us to be a second iceland
But guess ; the rumour is that the limeys are going to go belly up now that
Greece is reprieved

[longnine009]

I heard that there is  500 trillion in derivatives, hedge funds and other forms of crapulas "products" spread all over the world. There is no place to dump anything. If they mark their junk to market they can unload it in Ethiopia for a barrel of donkey--doo. Unless the  Ethiopians don't like it. Maybe their  donkey-doo chips might smell better burning in the fire place.  The Imperial Leprechaun should just go back to baking Twinkies.

[Paint Your Wagon]

I heard that there is  500 trillion in derivatives, hedge funds and other forms of crapulas "products" spread all over the world. There is no place to dump anything. If they mark their junk to market they can unload it in Ethiopia for a barrel of donkey--doo.  The Ethiopians might not even go for that either. The donkey-doo chips might smell better burning in the fire place than the crap from Tim's goold ole boys. The Imperial Leprechaun should just go back to baking Twinkies. 

The scary part is that they are still producing new derivatives to justify their bonusses
I fear those that say it will be 2020 before it gets any better may be right

[longnine009]

He is just being prodded because they want us to be a second iceland
But guess ; the rumour is that the limeys are going to go belly up now that
Greece is reprieved

Maybe the Chinese will set up their own version of Hong Kong in Scotland. Wouldn't that be an interesting twist on history?

[longnine009]

He is just being prodded because they want us to be a second iceland
But guess ; the rumour is that the limeys are going to go belly up now that
Greece is reprieved

Who does he think he's going to fool with this stuff? He can't even fool freshman college students in China. I suppose he could fool Gorden Brown if he pretended to be Mr. Ed the talking horse, but I don't think England is in the EU?  

[Paint Your Wagon]

He is just being prodded because they want us to be a second iceland
But guess ; the rumour is that the limeys are going to go belly up now that
Greece is reprieved

Who does he think he's going to fool with this stuff? He can't even fool freshman college students in China. I suppose he could fool Gorden Brown if he pretended to be Mr. Ed the talking horse, but I don't think England is in the EU?  

They are in the European Union ( the old EEC; no customs, no excise, no fronteer,
no entry formalities )  but not in the monetary Euro union because I think the british people voted against it . Anyways the pound non sterling
has been dropping like a brick versus the euro and I am glad their splendid island mentality kept them out

[Paint Your Wagon]

I think between going broke in a private enterprise (tax deductable)  and being jobless for 7 years I recuperated some of the excessive taxes I paid

Taxes maybe, but what about that seven years of your life? How do you ever recover that time, and what is it worth?

Well , after being fired the first time I spend a summer in the garden with a bottle next to me and found work after 6 months that paid netto more the the one I was fired from and they paid 27 months salary to leave immidiately ( so I gained 21 month which was taxed at 52% ) . It hurt to be discarded after 23 years like an old rag and not replaced
but I was independant moneywise for the first time in 15 years with the house paid for.

The second time I was fired hurt even more because I was 53 and sick with stomach ulcers and I was illigaly fired because I was sick at chrismas time to take the write off in the fiscal year. But I got 9 months salary and then unemployment and I had the pleasure
of seeing my ex company loose in court after a three year legal procedure : which also made them pay 35 000 $ in extra legal pension .

Again 6 months of winter drinking this time and when I went jobhunting I found out that either I dropped 35% of my last salary or worked 60 hours a week ( which I no longer could because of my health )

So surprisingly ; once I swallowed my pride of two university degrees in 8 years of univ and several other accreditations and when my wife killed all extra costs ; I really liked the life to work only for my survival and take the rest as pre pension.As a temp working for a
temp office I could discretionary refuse what I did not like . For instance I refused to go to Gabon Africa to inspect an electricity plant and I refused to tour France for 3 weeks to inspect electricity works . And I refused to go to a one week training in New York on CO2
problems (as if we are too stupid to get that learning in Europe and it would be very tiring knowing companies ideas about training being a 16 hour a day to justify the cost of the training : and I would not be paid a salary but only expenses )

In other words on average I worked two days a week for 7 years without losing money
and getting the best lunches money can buy as a quality/environmental auditor.
On balance forgetting my pride those seven years where better then all the others were I worked got sick took a vacation of 15 days etc

The only time I really consider lost is when at 26 after getting out of Univ I had to do
12 months of army duty at half a dollar a day being abused by stupid low IQ lifers
with more stripes then I or stars . The army asked me three times and they could not understand I refused to be an officer ( 15 months ) and that I choose to be a first seargent ( 12 months)

[TwoShadows]

One thing nice about being older is the mere fact one can look back and really know where he/she was lucky or unlucky and it seems many of the good times weren't quite as good as we thought at the time. The truly good things in life don't always come with big money or fancy jobs. Takes a while but sooner or later we all see things in a different light! Of course there are still times when I feel someone stole my bulb!!!

[longnine009]

The Dutch have an interesting take on healthcare.

http://www.reuters.com/article/idUSTRE62A5A120100311

[Paint Your Wagon]

The Dutch have an interesting take on healthcare.

http://www.reuters.com/article/idUSTRE62A5A120100311

You have to be Dutch to expect it to be included in the base price paid by the government
social security. This is clearly a case were supplemental insurance is needed for supplemental services . I wonder if BO thought of that in his plan .

[dharmaeye]

The Dutch have an interesting take on healthcare.

http://www.reuters.com/article/idUSTRE62A5A120100311

You have to be Dutch to expect it to be included in the base price paid by the government
social security. This is clearly a case were supplemental insurance is needed for supplemental services . I wonder if BO thought of that in his plan .

Yes, both the senate, congress and all senior civil servants will have excellent health care for no cost compared to basicly nothing for everyone else- unless you are very rich.

[whadda]

That coin went for over $210.

[Paint Your Wagon]

That coin went for over $210.

That is because NOBODY knows how to grade incuse coins . The coin is way overgraded and most "idiots" believe the grade given by an ebayer without complaints or high volume
Most of us here left a coinforum where I once was the only one correct in grading an incuse coin . The coin had been PCGS or Anacs or whatever graded and I graded exactly the same as the coffin makers.
Seven of Eleven is a coindealer and on top of that he was a Photoshopper earning money by
improving photos . It toke me 4 years but now I am fairly sure about anything from EF up
and that coin was NOT EF not even close .
The price I quoted is the honest price a buyer who can grade will pay

In fact they paid the exact price of AU almost uncirculated according to todays vendors rates in Belgium

http://www.munters.be/servlet/javaparser?pgm=lst_or_new&lg=nl

[Paint Your Wagon]

The Dutch have an interesting take on healthcare.

http://www.reuters.com/article/idUSTRE62A5A120100311

You have to be Dutch to expect it to be included in the base price paid by the government
social security. This is clearly a case were supplemental insurance is needed for supplemental services . I wonder if BO thought of that in his plan .

Yes, both the senate, congress and all senior civil servants will have excellent health care for no cost compared to basicly nothing for everyone else- unless you are very rich.

Ah but in our social paradise my wife gets a real doctor to come and give her paininjections at home at 11.45 am ever day
This service paid by the state pays for 25% of the second house he bought
Since both her buttocks are stonehard because of injections it is now in the inner thigh
where most nurces do not dare to inject . It is very painfull for a few hours of painrelief
My wife got fibromyalgie which is not a recognised desease otherwise she would get
infirmaty assistance and payment

[Paint Your Wagon]

An overview of the economy borrowed from the stool

http://www.financialsense.com/fsu/editorials/willie/2010/0310.html

[Paint Your Wagon]

Silever and gold eagles

http://www.zealllc.com/2010/mintcoin2.htm

[Paint Your Wagon]

It seems that statistically the cycle keeps lengthening
So there is still hope for a relative HUI high next week

[Paint Your Wagon]

It seems that statistically the cycle keeps lengthening
So there is still hope for a relative HUI high next week

It's just  that it's taking longer for the big boys to suck all the blood out of  the small fry, and that 1,100 barrior sure looked shakey this week end when it just cleard  the hurdle to close.  I'm just waiting for the bottom to drop out of the market and then Katie bar the door!

Gold will go down into april and that should be the gold low for the year
Miners is another proposition since everybody expects the Russel or S&P or whatever to drop
But last week miners were doing better then gold relatively so maybe after 10 years miracals will happen and miners will not go down for long with the other shares

[whadda]

You could say that coin was overvalued but that was the current market going rate. To pay over melt or metal content either it's collectible or scarce as in not very many gold coins available.

I know someone with your wife's condition who has had all her finger joints replaced, is in constant/chronic pain, takes a multitude of pills to have maybe 2 hours a day lucid activity, trying to survive all the side effects of the medicines and the State and Federal governments pay most of the her bills (taxpayers). This has been going on for at least twenty years. Hopefully your wife finds escape and distraction in some form during her day.



 

[Paint Your Wagon]

You could say that coin was overvalued but that was the current market going rate. To pay over melt or metal content either it's collectible or scarce as in not very many gold coins available.

I know someone with your wife's condition who has had all her finger joints replaced, is in constant/chronic pain, takes a multitude of pills to have maybe 2 hours a day lucid activity, trying to survive all the side effects of the medicines and the State and Federal governments pay most of the her bills (taxpayers). This has been going on for at least twenty years. Hopefully your wife finds escape and distraction in some form during her day.
 

I think there is like two million americans that got the disease
Up to 5 years ago they said it was all in the brain and then finally the
psychiatrests threw in the towel and the analysts won
It is a vicious enzyme cycle problem and nobody knows how to break the cycle

As a past taxpayer who was milked of like 40 000 $ a year in direct taxes I could not
care less what the present taxpayers have to pay . I was leached dry and now unfortunately my wife is costing them like 900 $ a month plus medicine pills etc

They will have to resort to Logans run ( where they have everybody die at age 30) or
like Soylent Green where they make cookies out of them 

[Paint Your Wagon]

You could say that coin was overvalued but that was the current market going rate. To pay over melt or metal content either it's collectible or scarce as in not very many gold coins available.
 

That is not stricktly true that was a VF coin and overpriced in that condition of wear
Also you cannot talk about the current market because two ebay bidders bid too
high a price on one coin.
Coins of that kind are extremely dependent on the quality or grade of the coin. On ebay that means the reputation of the vendor and 99% overgrade severely . The price is also depending on the day and hour the auction ends .In other words most ebay buyers don't
know how to grade a coin that is not in a PCGS or any other graders box. And bidders
wars are contagious . I know ; cause I had to refrain several times to show them I could
pay more and I did not

I have  a few 5 dollar coins of the late 1800's early 1900's and I paid 50% over melt about
6 years ago . 50% over melt was a nice price for an MS coin at the time

[longnine009]

An overview of the economy borrowed from the stool

http://www.financialsense.com/fsu/editorials/willie/2010/0310.html

"Last week, USFed Chairman Bernanke cast aside Mark-to-Market once again, so that heavy commercial loan losses could be ignored."

I guess the worlds "free market"  are subject to the enquiring mind of Ben (pick a shell, any shell) Bernanke.

Have you heard the song Never Forget You? It's a pretty catchy tune by a group called the Noisettes. It's catchy because it has a 60's style to it--at least the way I remember the songs from 60's.  But it's really popular here in Florida.  Seems like it's on a continuous loop in the Publix I go to. Peoples' fascination with nostalgia has cropped up before, particularly in the crack head hallucinations of 5th waves.   Between  Bernanke, Geithner and Gorden Brown we might see Buddy Holly spring back from dead pretty soon. Or better yet a remake of White Rabbit.  

Hey check this out!

"...I’ve borrowed your silver boots
Now if you just let me
give them back to you.."

Never Forget You---Noisettes

[longnine009]

Silever and gold eagles

http://www.zealllc.com/2010/mintcoin2.htm

Back in the mid 80's I was giving my nephew ASE's for Christmas and his birthdays until I heard he was trading them for baseball cards.  Ha, ha, what are those baseball cards worth now?

[Paint Your Wagon]

Silever and gold eagles

http://www.zealllc.com/2010/mintcoin2.htm

Back in the mid 80's I was giving my nephew ASE's for Christmas and his birthdays until I heard he was trading them for baseball cards.  Ha, ha, what are those baseball cards worth now?

Don't keep me guessing ; tell me 
Anywhere from zero to 100$ I would guess

[Paint Your Wagon]

Oh my oh my Ernst and Young guilty
No way ;  incompetent yes ;  guilty no unless negligence is guilty

I once did a due dilligence audit with someone of Ernst and Young in Paris
I was the inside shadow witness to bear testimony to the reality of any findings
The guy kept jabbering about his child that was born like the week before
He did not see anything or find anything
He kept me waiting for hours and insisted on seperate taxis
Afterwards they had the nerve to demand my internal counter report
( because theirs was probably underfunded with hardly any facts )
My lawyer had a good laugh and said company privaliged info and in the safe until
a judge opened the safe which was never opened .
I am sure the client got a fancifull and expensive report 

http://www.ft.com/cms/s/0/2e412d50-2d6e-11df-a262-00144feabdc0.html

[longnine009]

Silever and gold eagles

http://www.zealllc.com/2010/mintcoin2.htm

Back in the mid 80's I was giving my nephew ASE's for Christmas and his birthdays until I heard he was trading them for baseball cards.  Ha, ha, what are those baseball cards worth now?

Don't keep me guessing ; tell me  
Anywhere from zero to 100$ I would guess

I don't know. I think he traded the baseball cards for 1 1/2 inch  medieval soldiers.  Maybe he should be selling derivatives or default swaps for the Sachbags?  

[Paint Your Wagon]

You could say that coin was overvalued but that was the current market going rate. To pay over melt or metal content either it's collectible or scarce as in not very many gold coins available.
 

This coin is several grades better at EF and went only 178.5$ poor vendor
getting 30 $ less for a far superior coin

http://cgi.ebay.com/1925-D-2-1-2-Indian-Head-Quarter-Eagle-US-GOLD-COIN_W0QQitemZ360241812638QQcmdZViewItemQQptZCoins_US_Individual?hash=item53e015d49e

The complete list of closed items shows that 85% of the buyers overpaid their coin
since they were unable to grade the coin themselves

http://cgi.ebay.com/1925-D-2-1-2-Indian-Head-Quarter-Eagle-US-GOLD-COIN_W0QQitemZ360241812638QQcmdZViewItemQQptZCoins_US_Individual?hash=item53e015d49e

[Paint Your Wagon]

Silever and gold eagles

http://www.zealllc.com/2010/mintcoin2.htm

Back in the mid 80's I was giving my nephew ASE's for Christmas and his birthdays until I heard he was trading them for baseball cards.  Ha, ha, what are those baseball cards worth now?

Don't keep me guessing ; tell me  
Anywhere from zero to 100$ I would guess

I don't know. I think he traded the baseball cards for 1 1/2 inch  medieval soldiers.  Maybe he should be selling derivatives or default swaps for the Sachbags?  

The child of which I am godfather was 12 years old in 2008
I wanted to give him a gold coin and my wife said I was crazy
so I gave in 500 euro of which he blew major part on a Wii game immidiately
the rest his father put at 2% on a savings account whilst inflation is 3-4%
Ah well I still have the coin 

[whadda]

Those Indian heads are so cool. How would you like to carry around a pocket full of those as loose change?

[Paint Your Wagon]

Those Indian heads are so cool. How would you like to carry around a pocket full of those as loose change?

They are cool ; but I consider the nicest Indian I have the 1910 ten dollar piece I paid deerly
at 130% over melt in 2003
Probably MS63-64
( PS I actually have a 200 year old french king with a bite mark on it)

[whadda]

Free shipping.

[whadda]

( PS I actually have a 200 year old french king with a bite mark on it)

The king bit his own coin to check it???

[Paint Your Wagon]

Free shipping.

It says circulated
It says uncertified
The picture could be of a worhtless jewellry piece
Anybody can say MS63  

He should have asked 200 $ insured shipping to keep in character  

[Paint Your Wagon]

( PS I actually have a 200 year old french king with a bite mark on it)

The king bit his own coin to check it???

Somebody with still intact upper and lower molars bit it . I never ever have
seen something like this before or afterwards because from the Napoleon I on
the coins were too thick to dent

[Paint Your Wagon]

It is a1787 coin and it is hard to see on a scan
but the dent is between 2 and 3 o'clock on the reverse
I would say the coin is low XF

[whadda]

Interesting but I think you should send that Indian head back to the US mint in protest. It's a cruel joke to put 'Liberty' across the headband. I think you'll get $45us for the return.

[Paint Your Wagon]

Interesting but I think you should send that Indian head back to the US mint in protest. It's a cruel joke to put 'Liberty' across the headband. I think you'll get $45us for the return.

Why ? It is only a 10 dollar coin .

[whadda]

Interesting but I think you should send that Indian head back to the US mint in protest. It's a cruel joke to put 'Liberty' across the headband. I think you'll get $45us for the return.

Why ? It is only a 10 dollar coin .

Return on investment?? Actually $42.22 (US Mint book value of an ounce of gold) divided by 2 since it's an 1/2 gold piece.