paintismotion

Key Unemployment Indicator Signals Recession Might Be Ending

I do not believe things are improving. It is impossible to improve short term. We have lost too many manufacturing jobs - period. We have reached the tipping point and it is a long grade downhill. No one is hiring on multitude of laid of workers running out of UI benefits in this sad economy! I suggest the lower numbers suggest manipulation of the figures by the gov't and when you compound this with the fact there are people coming off of unemployment, who have simply given up, or who do not report statistically, we are in a real collective mess. There are just no jobs. The numbers will decelerate too while the ghost numbers of real unemployed (and homeless) expand because people will simply give up looking and hope and expec a government bailout - of the unemployed, the unemployable abd those unable to find work or not looking any more. Its that bad. Oh, did I mention the government is BROKE!

One World, One Currency?

So central banks will be selling gold - meaning that gold will not be part of the US vision for a new world reserve currency. Canada, the US, Britain, Japan .. and the rest of the western world will sell off what they have left. But Asia and the Middle East and I think Russia are looking at increasing their holdings. It is plain to see a schism is coming. What will Western currencies be based on if it is not honest gold. will it be confiscated gold. How much gold is in Fort Knox anyway? Does anyone really know? I think Bernanke does and will tell us later it was part of a planned selloff and that is the reason why we will have NO GOLD. Heck, it will probably be illegal to own in any great quantity!

An Open Letter to John Galt

Diagree with the fundamental analyisis of this 1000 plus page book by Mr. Chandler and can only recommend Mr. Chandler re-read it (or read in case he has been relying on Cole Notes) and then try to reconcile himself with Ayn Rands view of the banking class. I'm sure he would not write the same thing twice.

How to Preserve Wealth in a Socialist Economy

of course in the future governments may be increasingly socialist anyway to the point no one can own arable land and the government operates it for the good of the nation. if that happens the question and quick answer (i hope not) might be the government would inevitably fail in its efforts to feed the nation and if that happens al bets are off.


On Feb 16 01:22 PM paintismotion wrote:

> Wait another ten years and we will all be americans perhaps. I for
> one can not see Canada staying independent from the USA in the long
> term. Also- it is not worth losing one's life over or fighting for
> - as amalgamation is inevotable from a resources perspective. one
> has to keep the eye on the long term and the long term indicates
> a progressively aging population, oil scarcity, probably continuing
> bad government at most levels and a rapidly unravelling economy over
> the next 50 years. immigration will and should be discouraged in
> the face of dwindling resources off into the future. If I was you
> i'd buy a farm and learn how to grow food. Land and food production
> in the future will be wealth generators.

How to Preserve Wealth in a Socialist Economy

Wait another ten years and we will all be americans perhaps. I for one can not see Canada staying independent from the USA in the long term. Also- it is not worth losing one's life over or fighting for - as amalgamation is inevotable from a resources perspective. one has to keep the eye on the long term and the long term indicates a progressively aging population, oil scarcity, probably continuing bad government at most levels and a rapidly unravelling economy over the next 50 years. immigration will and should be discouraged in the face of dwindling resources off into the future. If I was you i'd buy a farm and learn how to grow food. Land and food production in the future will be wealth generators.


On Feb 15 09:49 AM yellowhoard wrote:

> I've been looking towards Canada as a possible safe haven. There
> is no inheritance tax and a five year grace period for non Canadian
> cap gains. The country has enormous resource wealth so the currency
> should improve relative to the US dollar. Granted their taxes are
> high now, I see them as being reasonable five years out.
>
> When the bill comes for this orgy of spending, we will have 80%+
> marginal rates. At that point, you might as well be a slave.
>
> Any Canadians out there to give me advice?

In This Global Depression, Gold Is a Safe Haven

Physical gold is and always has been "money" in our civilisation. Paper is paper masquerading as money. Paper is paper. Gold is Gold. I would caution any smart investor to hold a certain - perhaps small - amount of gold in their porfolio. If and when a gold crash does occur one could always sell their gold for a basket of paper currencies on its way down as it would not happen overnight that gold would drop 40% anyway. Thank god gold is not the Dow. In fact - i just bought another 6 oz physical today after walking by the Scotiabank main branch. Was i sad to see those paper dollars go? Nope :) Truth is there are plenty more where they came from and truckloads being printed daily. Can't say the same about gold - especially the physical variety.

Making Canada Our 51st State Could Make It Easier to Buy American

OK - Lets Annex .... the USA to Canada! Lets do away with the whole notion of the United States and just call the new country Canada. The capital of the continent can be moves to Winterpeg - which is in the middle anyway. that way the rest of the world assumes Americans are now nice and polite and have some prior knowledge of things in their country - and of course as Canadians no one will invade anyone internationally anymore. As Canadians we get rid of useless symbols like the CBC and can rename CBS the Canadian Broadcast System. The CRTC is guess goes to. Oh Well :)

Canadian Real Estate Slows Inexorably- Part III

I own both residential, agricultural and commercial real estate in the Ottawa area. This area will likely be the safest real estate market in Canada over the next three to four years. Why? the Canadian Federal Government has publicly expressed an interest for 3.8 MILLION more square feet of office space in the region, there is a shortage of commercial land to build on, the local housing market is buoyed up by government employees with steady jobs and the the cost of agricultural land - the good stuff - has been and still is increasing in price (if you can get it). Also. people here, like the writer above states, were not offered Sub-prime deals. Truth is, no one if particularly leveraged here. All that aside there are some signs of strain. For example, second mortgage money for commercial deals is hard to find and demands a huge premium, up from 9 to 12% in some cases to 16% depending on the "opportunity". Clearly private investor money is shy and only investing in the best opportunities.

FriendFinder Networks Files IPO in Desperation

Bah! This is old news and not even accurate. The whole management thing at FFN was cleaned up last October. A lot of deadwood was cleared out of there and a lot of new blood about a decade younger per person, much smarter and less expensive fixed the problems caused by people who felt entitled to be working in an environment where they were not forced to work but rather introspectively belly gaze on problems of their own making. Some people just can't recognize that they themselves turn toxic for their employer over time and need to be "recycled". Tony Previte has totally changed this company from a bumbler to a tiger. Good show Tony! This will be one IPO i can get behind in 2009 and I will. The upside is tremendous when you know what components there really are in the IPO.

Jim Cramer Is Starting to Sound a Lot Like Lenin

Cramers wants us all to go out and buy a house in the next three months? who is he kidding. Cramer is invested in the market and so he has a personal stake in all of this. would he advocate bailing on the market? no. the closest he has come is to recommend doing "nothing" as in he knows nothing. he actually does but in the case of buying houses and reinflating the RE bubble - sorry jim ... tay in and you'll be boohooyah. I am out and staying out and looking for ways to protect captial from the charlatans of wall street, the government and various "tv" shows. defaltion is happening now a bit and on the horizon you can see a grwoing wave - of what i wonder ... well, let me guess ... its the growing tsunami of INFLATION. OPnce we get thoroughly p9unded by that what comes next JIM - DEFLATION SUPREMO? DEPRESSIONARIO SCARIO SCENARIO! dollars suck and so does the market. short GS where i can.

Own Gold? Time to Fold

Screw trusting in gov't anymore - or its various departments and personnel. think for yourselves for god's sake. Does any of this seem normal?

1. housing market collapse.
2. bank collapses.
3. insurance collapses.
4. massive fiat money bailouts.
5. countries defaulting on soverign debt.
6. lack of trust betrween financial institutions.
7. massive spectre of inflation.
8. could it be followed by rapid collpase into deflation and depression?
9. it would take almost 40K$ us to equal one ounce of gold if the dollar were to be backed by it.
10. no one from here to switzerland can keep up with the demand for gold.
11. resources are running out in a wide number of categories around the world - honesty being the main resource we are short of.
12. we will have an energy crisis - again. we have had several since the 70's.
13. we can no longer "afford" our governments.
14. our government leaders mostly are all in over their heads.
15. consumers are scared.
16. the vast majority of western nation's wage earner live "paycheck to paycheck".
17. there is a lot of unemployment and it is rising each month.

I believe gold is money - so is silver. it was that way for a millenium. it will continue. Be prepared. You have nothing to lose in being prepared.
. i am buying maple leafs and silver rounds, bars and eliminating any debt i have for starters. i will use the market where i can and when i can to make money and worry about fools later. short or long - as long as i make money.

Some said back in the seventies we would run out of resources in 40 years and all be going back to the land someday ... meaning we would need or be forced eventually to return to an agrarian society. we may not do that but we may come damn close. buy a good farm if you can. i have. good luck to you all.

Madoff: One Bad Apple Should Not Deter Investors

Holy Cow! One Bad Apple! Hey one bad apple can spoil the whole barrel is how the folk saying goes. However, the market is like Apocolypse NOW and the bad apples are raining down on our heads like jackhammers! Even Cramer has assumed the OSTRICH position. For me it is salt away some silver, salt away some gold, salt away more cash and get things broken fixed in my life, home, finances and start being a lot more prepared (like the old boy scout motto) for any bad stuff coming down the pike. No - i don't think fiat paper is a good haven, no - i don't think the market is a good haven (but i will short and buy where i think i can make money in and out like a shark). Cramer is stuck in stocks cause he has to be. I do not. Bad times coming and even the gurus make mistakes and as we have seen, our leader will obfuscate the truth. That is a fact you can take to the "bailed out" bank.

NovaGold Resources Inc. Wall Street Analyst Forum Transcript

My god .... this is a doubler from 8.50! In fact it is a tripler in three months. Why not sya it - no one will hear me anyway.

Allbymyself