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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: gg cox who wrote (41032)	10/10/2008 5:43:42 PM
From: elmatador	Respond to of 217948

Car factories slow down in Europe. Financial crisis forcing factories to slow down in Europe. Opel will close Eisenbach for 3 weeks, same length of time its Bochum factory has stopped. Opel wants to reduce its production in 40.000 cars this year. Mercedes Sindelfingen - Germany's buggest-Xmas holidays will start December 20th. A BMW spokesman announced its Leipzig factoiry wills top end opf this month for 4 days with a goal of reducing production in Europe by 40.000 same as Opel.

To: gg cox who wrote (41032)	10/10/2008 6:04:41 PM
From: TobagoJack	Respond to of 217948

:0) recommendation: buygold for nothing has changed, except more potential buyers to buy me out of my position so as to better save themselves even computer driven and internet-enable fiat money inflation game has analog in ancient times

To: gg cox who wrote (41032)	10/10/2008 6:39:18 PM
From: TobagoJack	Read Replies (2) \| Respond to of 217948

just in in-tray, and perhaps we ought to have faith that THEY will be re-writing the rules in such a fashion to take good care of us the small fellows and fellowettes? it is now 6:38am in HK on a Saturday, have you checked your paper money lately? fyi, historically, whenever paper money is pegged to gold at too low a gold worth, flight away from paper to gold occurs. What must be the worth of gold, should THEY insanely try a peg now, to take care of the level of commerce the world does. Given the USA high gold hoard, it is difficult to imagine Congress agreeing to anything less than USD 60k per ounce :0) Given China's lack of gold, it would be difficult to peg gold at anything more USD 6,000 per ounce ;0) How else can THEY start a new monetary system ? Drama, mystery, thriller. Let us watch and brief for reset #1 of perhaps 4-5 iterations. bloomberg.com Press release from the Il Duce school of economics... Berlusconi Says Leaders May Close World's Markets Oct. 10 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world's financial markets while they ``rewrite the rules of international finance.' ``The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,' Berlusconi said today after a Cabinet meeting in Naples, Italy. A solution to the financial crisis ``can't just be for one country, or even just for Europe, but global.'… ... Berlusconi didn't give any details about what kind of rules leaders were looking to change, except to say that leaders are ``talking about a new Bretton Woods.'' The Bretton Woods Agreements were adopted to rebuild the international economic system after World War II in a hotel in Bretton Woods, New Hampshire. The aim of the agreements was to establish a monetary management system, initially by pegging currencies to gold. The IMF was set up later to help manage the international financial system.

To: gg cox who wrote (41032)	10/10/2008 7:21:45 PM
From: TobagoJack	1 Recommendation Respond to of 217948

On gold ... debt clearing level usa fed level, at usd 12 trillion debt (current actual debt of 10 tril + implied debt of 2 tril for bailouts to date - a lot of interest payments per annum ... as in ouch, if pegged to gold hoard that must flow out starting at some dire juncture, when wastrels must be allowed to sink, minus gold grabbed from weakened but still clutching hands) and gold reserve of 8,100 tonnes (285,719,091 ounces) works out to be usd 42k/oz for a reset that wipes out the debt, a nonsensical number gdp clearing level globally, official gold reserves total 31,000 tonnes (1.093 billion oz) global gdp may be at 65,000,000 million assuming gdp money velocity of 4, gold can be money at usd 14,900 per oz leaving nothing much for financial industry to play with. global trade clearing level total value of all import/export globally is 25 tril, assuming velocity of moolah at 4, nets out to be usd 5,700/oz gold if only used to settle trade. They can try fractional gold backing, which could create panic as well as require quick rework to create new new monetary system. new system structure and chromosome whatever the new system, any one that allows the USA to print paper and exchange for usd 3/gal gas is out. without new system, towards crisis we go, and TeoTwawKi, while delayed, must still be, only that the eventual kaboom will be more massive still. Question: do you have your fair share of gold? per capital fair share could be 1.24 oz, as global population is 6.7 billion total above ground gold (including stuff on circuit boards, in teeth, and at bottom of oceans) is at 155,000 tonnes = x 35,273 oz/tonne = 5,467,315,000 oz, or a cube with 20-metre (65ft) sides, with an ounce of gold into a wire 50 metres in length, and a tonne of gold could be stretched to the moon and back ... and if tagged to current per capita income weight, ... :0) I am guessing that on reset #1 they will try to get away with the fraud of simply jiggling the existing system of faith in paper, and so there is time to hoard more physical gold I recommend these two books amazon.com achamchen.com cheers, tj

To: gg cox who wrote (41032)	10/10/2008 7:59:25 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217948

alternative proposal for the new new monetary system :0) a good read economistsview.typepad.com following up to Message 25054811