hb,
Wednesday's posts on this thread were excellent.
My understanding of them are limited,
but I could identify that everyone's
views had substance and insight,
along with an attitude of give and take
so all involved learn and live together.
Azteca de Oro at the Le Metropole Cafe
served commentary at The Hemingway Table,
"Current Economic Snapshot July 2000."
Not able to discuss it here,
but i would like to mention
a number close to $64,000
that could represent something
called an average debt held by
the usa public. Add to this
your comments, a few on this area
i copy below, along with my impression
that the average usa public saves very little,
meaning i think, that average saving is $0 ???
If the smoke and mirrors about inflation numbers
given out by government sources, along with some
media like CNBC helping the scam, then if food
and energy are not in thoses numbers, then what
about credit cards rate increases. I am constantly
presses to not explain, but to vanish fears of some
people that talk to me that each other month they get
a small print detailed "change" in the service, which
they never read and worry about, at same time trying
to convince me that i need to erase their worries.
So, if credit card rates go up,
and lots of folks use them,
then is this inflation ???
Seems not, since for example
the item purchases last month
did not have a price increase,
so might the "extra cost" aquired
over time for the same object
not really be real ??? (joking)
The following you posted i have found to exist
not only in print and stories, but in actual
real life places we mention as reality.
Only thing is that most people tell me that
yes they understand what they are doing is wrong,
but they mention that in the beginning of using
credit cards its was ok and good based on the
information and messages given out by banks
and news media commercials accepting money
in exchange to broadcast the banks message.
But now these folks in deep debt, little savings,
and hells bells if their income or job lessens.
So now these folks see the media commercials
to represent that saying last year about cigerattes,
that they are a "drug delivery system" needing regulation.
So in the same thoughts, all those commercials and
received in mail "you are pre-approved" for credit cards
are now viewed as a "drug delivery system" in regards
to the drug being credit cards being abuse. To finally
finish this point, those who see disaster in that they
will default in the near future on credit card payments,
these folks view themselves as victims, not as future criminals,
so that when pay up time arrives, and they can not, they have
now obtained the view that the banks were dishonest and ripped
them off as in to steal their savings. Bottom line, a massive
lawsuit but usa citizens against banks for what they did.
Not much different than the mob, except the mob used physical
violence to initiate criminal acts, and these banks used
methods that the result lead to a same outcome, and no matter
if the mob used bullets and banks used honey, as the sting
of those bees wanting their honey back hurts.
Wonder if anyone knows what the savings and debt numbers
were for usa public prior to past economic trouble times?
<<...have heard of some anecdotal evidence
that weaker credits have begun to engage
in amazon-like ponzi schemes with regards
to their debt, i.e. they borrow anew to pay off
old debt..only now, they borrow at higher rates.
... the first cracks in the debt pyramid have begun to appear,
with a virtual shutting down of the junk bond market
where more bonds have defaulted this year than were
issued and the continued strains on credit spreads.....
... Howard Hill, one of the fathers of the securitization
business and a highly respected figure in fixed income
has serious misgivings about these developments as well.....>>
As most know since its public information,
the Gold Anti-Trust Action Committee has challenged
GFMS to a public debate about the gold market.
That challenge was based on a quest to get to the truth
about what is really going on in that market,
the gold loan numbers, the gold derivative numbers, etc.
Warning - Follows is GATA stuff via the Le Metropole Cafe.
The following commentary at the Cafe is directed towards
the silver market, and the conclusion I get is simple,
as it uses the M word, Manipulation. Seems to follow
that the gold version would follow suit. Dougak
Michael Dorfman of Kenrock Investments
has served commentary at
The Dos Passos Table entitled,
"The Annual Gold Fields Silver Surveys:
Bullish ? Bearish? Or Puzzling?" |
