Yes God will win in the end. He  sent a message not to harden your hearts..which they failed to succeed with you but he also sent a message to guard it as well. False profits..faith with out works is dead. Life will go on for many, they can live poor, they can live humble and they know what most important in life. These crooks bent on selling thier pseudo sense of worth to their demi gods don’t have a clue on any of the formentioned.Thus he said as far as feeling sorry for them in the end, God will wipe every tear from their eye. Heard a couple of jokes today on the way home from the smallest mountain range in the world.Hope I remember correctly.

Flood came and a man went to the roof top, his house was surrounded with water. A boat came by and said get in Ill take you to dry land. The man said “Oh no no, God will protect me”. A helicopter came buy and threw a rope down, the man said ” No thats okay God will save me”.Then a jet boat came by and told him to get on but the man still refused. The waters continued to rise and the man drowned. Then when he was in heaven he asked “God why didn’t you save me?” God replied “I sent you two boats and a helicopter, what more did you want?”

The other one…

A womans car broke down and she had to walk through a dark unlighted part of town where there was a know serial killer about. As she was walking down one of the streets she saw a man in front of her staring at her  but then quickly went another way. She heard on the news the next day that another woman was killed in the same spot she saw that man about 30 minutes after she passed it and found that they caught him and that was the same man she saw. It bothered her so much she went to the jail and asked to speak to the man. They said for a few minutes through the glass. She asked the man why he didn’t kill her as well. The man said ” Are you kidding, with those two big guys dressed in white walking with you!”

I as a nurse know there is a lot of waist in the health care system and that keeping a person alive who is brain dead and 90 yrs old is not what one would call life saving measures. But I wonder, like anything if this will go too far . Like anything else they do with no medium or comon sense, they swing way to the left or right on any situation.

  I have said before and continue to believe that we will have inflation in necessities, food, energy etc. Deflation in non essentials (but including R.E), electronics, clothing etc.

  As for deflation in the last two years, I don’t know what is going on in Oz but since December my gasoline has gone from $1.50 to $2.50 a gallon. Food has changed little. Sure, I picked up a DVD player for 50% off. I guess you could argue that gas has come down from $3.75 to $2.50 as deflation, but so has the purchasing power of the dollar. 88 to 80.

  As far as CPI numbers, how do you have real CPI numbers when they exclude food and energy?

  Lastly, of course deflationary questions are important and an important part of the discussion. Frankly, though the intelligent and not so intelligent insults are hurled just as much from the deflationist side as from the inflationist side. What frustrates me is that this is not set in stone. Neither side acknowledges any part of the others’ position.

  Personally I lean toward inflation as a currency event. With the OZ dollar strengthening that may not be the case for you. I don’t know. I think the dollar is in trouble and that is how I base (rightly or wrongly) my investment decisions.

“Ultimate outcome”?  That could be ten years down the track.  What we have experienced over the last two years is deflation of every form.  Many countries even have CPI deflation.  Samb obviously doesn’t like that, so has to resort to insults of those who did ask the right questions.  But in the meantime we have to ask “what comes next” if we are to make decisions on investment strategies.  Or maybe you are planning based on the ultimate outcome being hyperinflation - in which you could well be correct - and are happy to suffer the consequences of the events that lead us there.

I never could understand how they would be tradeable.  Unless you can pay your taxes with them?

well said

If deflation actually is the ultimate outcome then I’d expect to hear “I told you so”

About twenty years ago I was driving along when I realised that I was driving a German car (Opel) with a Japanese engine (Isuzu), listening to a German CD (Deutsche Gramophon, Berlin Phil., Karajan) on a Japanese CD player (Sony) with two pallets of German paper in the back - and I asked myself, “Who won the war?”

As a matter of fact I do miss choir …..But I realize that much of what I miss may not be there anyway in a short while…I hope for the best but these nitwits have broken the system…wide open….so many good men and women are going to pay a terrible price for what a small band of greedy souless rats have caused….Good will win in the end. just like for the Flintstones and for many of us .but it ain’t going to be pretty. My personal makeup puts my heart at risk …I know it will be broken ..all the gold in the world can’t stop that …But chin up and push on I say….always good to be here in the tent and standing erect….be good dbbaba

Yes indeed Irish, yes indeed.

By the way, do you miss going to chore practice. I would bet that you do.

Yes sir we are,,,, God love everyone of you…..wheather you want to believe it or not you guys and gals are the best…..

I feel a little like Patton when he slapped that kid in the hospital.

Suck it up gold bugs, were in a fight for our lives. We can’t show weakness.

db

You said it pal….the Consitution
By the way things just got close to home here….Founders Bank in Worth Il. just shuddered it;s doors yesterday tha is not only my moms bank ..but they had aquired Farmgals and my bank a couple years ago…so what we have left back behind us is cut off for a couple days …..tenters …this crap is getting close to our hearts …..it is not time TQ to go away it is time to tighten the hatch doors…guys…….

Bye the way Tues…….CHARGE!

George,John,Thom,James ,James,Alex,Ben   you did a Great job ….WE’ll try to put it back together again,we still have the written plan,its still called THe Constitution,we havent screwed that up yet….

Its really sad when grown men are in such need to have there ego bottle feed to them. Guess what they really need is there dipper changed.

And you wonder why great posters are leaving.

“I suppose because the conditions for his continued postings are such that we must accept, recognise and agree with with all of TQ’s deflationary dribble.”

I just shake my head.

Looks like Aurum  & TQ have said Sayonara..Goodbye for now.  WHY?

I went out of my way to compliment Aurum regarding his thinking. No one has in the slightest way attacked his posts. Yet, he is leaving, I suppose because the conditions for his continued postings are such that we must accept, recognise and agree with with all of TQ’s deflationary dribble.

California Defaulting on Its Obligations with I.O.U.s

by Martin Weiss on July 2, 2009 · 0 comments

The State of California is defaulting.

In lieu of cash, it is issuing i.o.u.’s to meet obligations to vendors and citizens, postponing payments on its current liabilities.

But current liabilities are defined as short-term obligations, or debts. Ergo, based on this standard accepted definition, California is already defaulting on debts.

It’s not the same as defaulting on its bonds. But for reasons I’ll explain in a moment, I believe that, too, is coming.

If California’s creditors had a say in the issuance of i.o.u.’s, Sacramento officials might be able to deny they’re in default by implying some sort of mutual consent. But that’s far from the facts. The creditors had nothing to do with this decision. It was unilateral, a telltale signature of debt defaults.

If the i.o.u.’s were as good as cash, Sacramento might also deny the D-word. But the sad reality is that, if you’re among those stuck with California i.o.u.’s, you have only two choices: Either hold them while you sweat and cross your fingers or sell them at a steep discount; either wait for your money or accept an immediate loss — exactly the same choices facing creditors in a default.

If all major financial institutions accepted California i.o.u.’s, that might also help Sacramento justify a continued denial of default. But the reality is that most banks are not accepting the i.o.u.’s, and no one could argue their reasoning is financially unsound. Why accept a piece of paper at face value when it’s worth significantly less than face value on the open market? The nation’s largest banks already have enough troubles with toxic mortgages, toxic credit cards and toxic loans on commercial real estate. They’re not exactly anxious to pile on toxic California paper.

If, as in past episodes, California’s budget mess was mostly due to a political snafu, it could be argued that the i.o.u.’s are merely a temporary stop-gap. But that’s clearly not the case either. The crisis is rooted in an unprecedented economic depression with 11.5 percent unemployment and the greatest concentration of mortgage delinquencies in the nation. Even if the i.o.u.’s are ultimately paid in full, California’s debt troubles are not going away. (For my earlier comments on the California economy, see www.moneyandmarkets.com/california-collapsing-34271.)

Defaults on Bonds Next

Although defaulting on short-term debts to vendors is different, bond investors must be asking: If California can stiff other creditors, will they do the same to us?

On June 22, in “California Collapsing,” we answered this question before it was asked: Yes.

Short of a 11th-hour rescue from Washington — where political resistance to bailouts has grown dramatically in the wake of recent federal rescues — it will be almost impossible for California to avoid a default on its bonds.

The exit doors are shutting. I see no way out of this crisis without a default.

http://tinyurl.com/acamyl

http://www.youtube.com/watch?v=UzL4L_FpLvE

In the words of a true Western Hero:

http://www.youtube.com/watch?v=sveKncw6KiU&feature=related

Seems like there is some degree of conflict on just about all the boards.  Sometimes you just need to ignore stuff, let it roll off.  Would love to see you guys reconsider, but whatever happens good luck and happiness to you both.

Cheers, ipso

COSATU CALL

Second call for nationalisation of South Africa’s mines

South Africa’s powerful trade union federation said it supports a call by the ruling ANC’s youth wing for the country’s mines to be nationalised.

Posted:  Friday , 03 Jul 2009
JOHANNESBURG (Reuters) -

South Africa’s powerful trade union federation COSATU said on Friday it wants the government to consider nationalisation of mines in the world’s largest producer of platinum.

COSATU, which has nearly 2 million paid-up members in the country of around 47 million people, said in a statement it supports a call by the ruling African National Congress’ youth wing for the country’s mines to be nationalised.

It said its call would back up the nation’s Freedom Charter, and was in line with its own resolution declared in 2006, which called for “more equitable ownership, especially collective ownership through the state… of mining and other commanding heights of the economy as provided in the Freedom Charter”.

The charter calls for equal rights and equal share of wealth with the country’s white population.

http://tinyurl.com/mwt2gp

I guess I will ride off into the sunset as you are doing. And just when I came back.

Good luck to all.

aurum

It is important to spend time with people who bring happiness into our lives. For over a year here I have enjoyed most of what I have read. There has been a very unpleasant phase here and I would like to leave it behind. I hope that those who read here find the happiness and the good health and the prosperity that they need. Best wishes to all.

TQ

who did what?

 todays  close

 i know nothing. See nothing.

please explain your self.

a cool 94 here in the city of trees the woods.