montross515

Buffett's Betrayal

Saint Warren bought the largest manufacturing company in
Winterset, Iowa, which made furniture for his Nebraska Furniture Mart. He closed the plant in a way that almost no one got any job transfer assistance, destroyed over 600 jobs in a town of 5000 people, and moved all the jobs to China. Warren has Chinese made furniture in his own home. What a guy!

Buffet is two things: lucky and an exploiter of others. If this is what capitalism is all about, lets move on.

The Gold / Silver Ratio: From 1300 to 1900... And Now

WRONG. There is 5 times more gold above ground than silver in the world at this time. The story below ground may be similar as most silver is shallowly buried, and already mined.


On Aug 01 09:19 AM Value Added wrote:

> Though your historic ratios of gold:silver are interesting, I don't
> believe they are relevant for assessing the current situation when
> taken further back than a couple of decades. A lot has changed since
> the year 1300 - and concerning these two metals, it's a totally different
> world. Primary usage of these metals in 1300 was for coinage/jewelry
> etc., and today the usage for gold is essentially unchanged, except
> for the addition of dentistry to the list. Silver on the other hand
> has found numerous industrial uses and is being depleted. In 1300,
> there was more silver available than gold (hence gold's premium),
> but today there is actually more gold available above-ground than
> silver, just the reverse. So while I agree with you completely that
> the current price ratio is a distortion from what one should expect,
> I think we should be looking at the fundamentals of supply and demand,
> which would indicate that the current ratio is even more extremely
> out of balance than what you are suggesting. Hold onto your hat -
> it's going to be one wild ride.

Silver's Strength Waning

Since the US government is behind the manipulation of the price of gold and silver all your article shows is what they are doing. Nothing more. If our government wasn't short a year's worth of silver, short against nothing but paper dollars, then silver would be $25 an ounce---for a minute. And then it would be off to the stars. Imagine if 5% of the money in bonds wanted to get into silver???

Madoff, Stanford Sagas: New Twists

Rather than the name Madoff, why couldn't it read Fidelity or John Hancock, or any mutual fund? The really crazy idea is to invest in a fund of funds, then you get a chance to be screwed on about three or four levels at once.

U.S. Debt Default, Dollar Collapse Altogether Likely

If you had a printing press in your basement, would you default or always pay your bills on time? We live in a very large world; you can print a whole lot of money and it will still buy a lot of things. A dollar has become worth 4 cents in my lifetime, and I live better now than before. Prepare for more of what has happened in the past 60 years, but just more of it, and a lot faster.

How the U.S. Government Is Footing the Stimulus Bill

The logic of this article is widely used by other writers, and if true, we are all going to face some tough times. What is tough? Well, revolutions have started over tough times. The USA has over 250 million handguns and a real unemployment rate of probably 13% or more right now. Double that percentage and we might begin to see what is tough.

Soaring Silver, Stalling Gold

Silver appears to be in extremely short supply in coin shops. On Ebay the price per ounce is clearly over 50% above the Comex price. Uses for silver are growing in proportion to the growth in the use of electricity worldwide ( look at India and Asia growth) PLUS new uses in medicine, hygiene, and computers. If the current Comex price of silver was $25 an ounce I think reasonable people would think they understood the market forces. As it is, we have to think that Bush/Cheney are playing games with the market, along with the C7. Ever wonder how much money the Bush Administration is losing everyday as they play the markets? What is a billion dollars to people who blow through a trillion in a few months?

The Deflation Scam

Scootie 2008:

Who says we need banks? The Tresury Dept has always been able to make loans to individuals--directly. They only limiting factor was always Congress limiting their loaning to less than 1/10 of 1%. The Commerce Dept has always been able to loan to small business, ditto

The banks are a scam. Their current cost of borrowing for a loan to you is less than 1/2%. There overhead is related to how big and fancy a building they want and how much they pay to get a bevy of pretty woman to walk around on carpets.

Any type of financial institution can handle checking accounts and deposits; credit unions, etc.

Banks are a form of legalized crime. They have had hundreds of years to perfect how to steal our money via payoffs to the politicians.

Ask the Gov of Illinois what happened to him when he stated that his state was going to stop doing business with the B of A until they provided loans to Republic Window and Door. Six AM next morning he was taken from his home in handcuffs and confronted with some vague wiretap information about wanting to get something from his apointment to Obama's seat; if every other politician in Washington wouldn't have been saying the same thing, one way or another.

Next day B of A changed their mind, made the loans and the workers got some of their sick, annual and overtime pay.

Real Estate Market Still Frozen

This may shock you, but this financial crisis didn't just happen. It was planned and meant to fall on us about 3 months after Bush left office. Anyone can turn this housing crisis around in a month. How? There are many ways, known and used in our history. Try making 10 billion dollars available through the Treasury Dept for new buy loans. 4%, the only qualifying is a credit score of 625 and prove you can make the payments. How about doubling the mortgage interest rate deduction to 200% for three years.

There are many ways, but with Bush. He loaned 350 billion, or gave it away to the banks and insurance companies in a way that almost no new loans are being made. The details are complex, but most of this money was required to be immediately reinvested back with the Treasury Dept.

When banks can borrow for less than 1%, and then loan ten times that amount through fractionalized reserve banking, what interest rate do they need to make a big profit: 2% or less.

The Deflation Scam

To SW Richmond: you doubt that the Fed can create inflation, that money can not be put into circulation. Let's look no further than Katrina and what the US government did when the loan money to banks was being held by the banks. They issued debit cards directly to the local people. Pick an amount of money that needs to be flowing in any part of the US, and I'll tell you how much credit to load onto the millions of debit cards being issued.
If that isn't enough, double it everyday until you see normal buying in all the stores.

Can't happen? Just watch.

The Deflation Scam

Viewed from a longer range vantage point, the value of the dollar has been going down steadily during all of our lifetimes. When a 1913 dollar is worth less than 4 cents, obviously we see inflation in costs. It doesn't matter why the dollar has been declining in value, although it appears that the Fed actions of the past months is going to put the process on steroids. For an investor you only need to know one thing: the dollar always goes down in value. Now chose a vehicle to use that 100% known trend. Housing has always worked if you measure it by decades. If you don't have a decade for your investment, maybe you better just party and forget it. Remember when silver was $4 an ounce; not very long ago. If you have been buying coins each month, you are doing alright. Aa hundred thousand a month can easily go into silver bars on the comex.

The Deflation Debate Continues

Inflation doesn't have to be produced by consumers. The water heater I bought at Home Depo three months ago was $214 and yesterday as I bought another was $269. I don't think a lot of water heaters were in demand, it's just the cost of production working into the system. Things won't sell for less than costs, and costs in China are going up.

Adrian Day: Causes and Consequences of the Current Crisis

Virgil.

Well, good advice, but too late. The Titanic has been struck, the various holds pierced, water flooding in, and it is too late to redo the operational manual for the ship. Take care of yourself. Think silver coins.

Mark-to-Market vs. Mark-to-History

Apparently the banks made a bunch of bad loans, i.e. loans where people do not pay monthly as agreed. We can look at reality (there are $40 trillion of home mortgages) and realize that our leading bankers went bankrupt, or we can pretend it didn't happen and try to blow the next bubble. In a fiat money based system it is just a question of when too big to fail won't cut it any longer. Not that the Chinese, Russians and many other bankers who have been meeting in private without the USA aren't working to bring us down. Reserve currency status is worth at least 5 trillion a year; if we get the 5 trillion someone else doesn't...

Sorry, There Is No Silver Conspiracy

Otto, you miss the point. The SEC is part of of the team trying to deceive us about what is happening to fiat money; the Administration and other Central Banks are manipulating the futures markets in gold and silver. It is just that simple.