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


To: TobagoJack who wrote (44033)12/17/2008 2:19:45 PM
From: elmatador  Respond to of 217646
 
dollar fall against the Euro and Oil falls. "Oil fell to the lowest level in more than four years as OPEC failed to convince traders that the glut in crude will diminish and the U.S. government said supplies climbed for the 11th time in 12 weeks.

The Organization of Petroleum Exporting Countries agreed to cut output by 9 percent from current levels. Inventories rose 525,000 barrels to 321.3 million barrels last week, the U.S. Energy Department said today in a weekly report."

bloomberg.com



To: TobagoJack who wrote (44033)12/17/2008 2:49:53 PM
From: Joe S Pack  Respond to of 217646
 
Warren should've listened to Daddy Buffett

321gold.com

Warren:
The "Oracle of Omaha," Warren Buffett, once said this
about gold (thanks to Hubert Moolman for this Buffett quote):

"It gets dug out in Africa or some place. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."

But his dad said:
Human Freedom Rests on Gold Redeemable Money
- by Hon. Howard Buffett
U.S. Congressman from Nebraska

Reprinted from The Commercial and Financial Chronicle 5/6/1948

"Congressman Buffett stresses relation between money and freedom and contends without a redeemablecurrency, individual's freedom to sustain himself or move his property is dependent on goodwill of politicians. Says paper money systems generally collapse and result in economic chaos.
Points out gold standard would restrict government spending and give people greater power over public purse. Holds present is propitious time to restore gold standard."



To: TobagoJack who wrote (44033)12/17/2008 4:46:47 PM
From: energyplay  Read Replies (1) | Respond to of 217646
 
I expect you will need to keep watching the markets for another few days, then watch between Christmas and New Year.



To: TobagoJack who wrote (44033)12/17/2008 8:15:27 PM
From: pezz  Read Replies (1) | Respond to of 217646
 
<<in case i had forgotten to note so, bernanke & company are nutz>>

Well I think the guy is brilliant.... Once the auto bailout happens then the big stimulus package every thing gonna be A-OK

<<only taking along one book, "fiat money inflation in france", to savor its essence and understand its truth;>>

Why do i think you've already read it ?....At least once.



To: TobagoJack who wrote (44033)12/17/2008 10:37:23 PM
From: GoldBull no bug here2 Recommendations  Read Replies (1) | Respond to of 217646
 
more confirmation of The Plan - BUYGOLD

(note, I don't think there are multiTrillions of brain cells in our heds, so how in the hell can anyone imagine $66 Trillion in debt? Mind bogglingly to say the least.)

For the real numbers subscribe to www.shawdowstats.com. The real numbers push events after the spin has spun itself out as it has now.

Treasury Reports 2008 Federal Deficit of $1.009 Trillion (GAAP-Based),
$5.1 Trillion Including Social Security/Medicare
Total U.S. Government Obligations at $66 Trillion
Against what had been the recently publicized, cash-based "official" fiscal 2008 (year-ended September 30th) federal deficit of $454.8 billion, and similar $161.8 billion deficit in 2007, the U.S. Treasury reported this afternoon (December 15th) that the 2008 deficit [change in net position] was $1,009.1 billion, versus $275.5 billion in 2007, using generally-accepted accounting principles (GAAP). Since 2002, the Treasury has been reporting the government’s finances using annual statements prepared using accounting standards similar to those used in corporate America, but the statements typically have minimal, if any, following in the popular financial media.

The new numbers, however, still do not account for the annual change in the net present value of unfunded Social Security and Medicare liabilities. Counting those changes, as a corporation would for its pension and healthcare liabilities for retirees, the 2008 annual deficit was $5.1 trillion, versus $1.2 trillion in 2007. Such showed total U.S. obligations - gross federal debt outstanding plus the net present value of unfunded liabilities - at $66 trillion, roughly 4.6 times the level of reported U.S. GDP, and greater than total estimated global GDP.

These numbers remain unsustainable, already are deteriorating severely for fiscal 2009, and eventually will doom the U.S. dollar to hyperinflation, as discussed in the Hyperinflation Special Report at www.shadowstats.com.



To: TobagoJack who wrote (44033)12/18/2008 6:14:49 AM
From: elmatador1 Recommendation  Respond to of 217646
 
China Shuns Investments in West’s Finance, chairman of China’s SWF said on Wednesday that China had no plans for further investments in Western financial institutions, nor did it have any plans to “save” the world through economic policies

...

after taking heavy losses on initial investments in the Blackstone Group, Morgan Stanley and Barclays, state-run Chinese institutions have no appetite for further purchases in this sector...
nytimes.com

Like I said when bought Balcktone Group. Should have sent moolah to Brazil...

Yes. this is being corrected as we speak...
China offers loan for pre-salt exploration in Brazil


www.chinaview.cn 2008-12-09 10:48:04 Print

BRASILIA, Dec. 8 (Xinhua) -- Brazil has received a 10-billion U.S. dollars loan offer from the Chinese government to explore pre-salt layer oil fields, officials said Monday.

The United Arab Emirates is also negotiating with the Brazilian government on a loan offer, the Brazilian Mining and Energy Ministry said.

The Brazilian government has said its investments in pre-salt oil fields will not be affected by the international financial crisis.

Edison Lobao, Brazil's mining and energy minister, reiterated the need to create a state company to manage the exploration of pre-salt oil in the country.

This will ensure that Brazil gains all the profits generated from the exploitation of the new oil fields, he said.

Pre-salt layer oil reserves in Brazil are estimated at 9.5 to 14 billion barrels of oil equivalent.