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


To: Box-By-The-Riviera™ who wrote (48972)4/22/2009 4:39:12 PM
From: TobagoJack1 Recommendation  Read Replies (3) | Respond to of 217661
 
no one should say, and certainly not i from here

my backstops are alerted, on defcon 5, and supposedly ready to receive refuge seekers from hong kong

far stranger events than hk going mad are taking place everywhere, because each time the cage is opened, the same beasts jump out

in hk what could easily happen is that it gets swamped by incoming refugees from everywhere else causing its nil budget deficit to explode to infinity and its already precious water supply to go nil

persecution of ethnic minorities is a tough one here, whereas persecution of bankers would also be tough, because hk is free, meaning people, substantive % with multiple passports, and capital (on-line banking can move unlimited amts to anywhere in the world in any currency within few minutes of "enter" key) can leave in a heart beat without restriction at first inkling of hint of trouble, whereas the walls, supposedly built to stop folks from coming in, is already well up in many alledgedly free locales.

in any case, watch n brief, everywhere, because we are moving well beyond "The Financial Collapse of 2001" and well in the "and Beyond" follow-on sequence.

btw, with regard and in reference to Message 25587213 , some discussions took place, just in in-tray, on sequence of collapse in context of the faber watch n brief alert - (and my editorial would be, as the officialdom itself is expecting disturbance in the force by civilians and, as preparation for the supposedly impossible by readying active army units in their midst, why should all the folks who failed to anticipate the monetary tsunami double up mistakes by failing to reconsider what is and is not possible?)

Roundtable member #1: well, there is good reason to fear that a downturn that gets much worse than is now expected (the general expectation at this point as far as i can tell is : it's an unusually strong recession, but won't be anything worse), that minorities - especially minorities that are economically successful - will become a target for politicians and mobs looking for an enemy/scapegoat.

this goes imo as much for Chinese minorities in places like Indonesia and Malaysia as it goes for Jewish minorities elsewhere.

it may be a somewhat early warning, but forewarned is forearmed. as any student of history will confirm, one of the things that happened back when Hitler rose to power was that nobody believed he would go on to exterminate millions of people. not even when the signs were unmistakable did people bring themselves to believe that.

nobody thought that when he said 'Vernichtung' , he really meant it. and in the years preceding his rise to power, nobody believed a man like him would ever attain power in the first place.

one of the reasons why such a dynamic should never be underestimated is that it has happened countless times in history, and all over the world. the fact that we deem ourselves more 'enlightened' or civilized than our forebears means absolutely nothing. as i mentioned on another occasion, the veneer of civilization is much thinner than people think.
in addition, we are right here and now witness to poiliticians all over the world implementing long discredited economic policies, in spite of all lessons of history. who's to say what other discredited policies might be implemented if/when things get worse?


Roundtable member #2: Sometimes warnings are to be heeded and often times, governments follow predictable paths to destruction, money printing and war only being a part of that...

in the great warnings to leave catagory:

1) fwiw-I am not jewish-but my father is-they came to the US in 1911, after my great uncle warned that things will get much worse and convinced my great grandfather he was right-fwiw-they were very glad they did.

2) In 1939, my polish great grandfather was advised to leave in August(-he was part Russian by decent)-but was also a polish officer....he did not leave-and post 9/24 (7 days after the Russian invasion)

he was never seen again-he was after all, a military officer and met his end at Katyn.

3) My granddad-now 99 years spoke perfect russian, was deported and talked his way out the first time as his compatriots were shot-only to be deported again 3 weeks later this time with full family.

After fighting under the british army (Stalin Sikorsky pact) at Monte Casino (and still receiving medals -another one a few months back the Siberian Cross-for 1939 but to old to go to the Polish Embassy in LA to claim it)

After WWII, all his land was goner per agreement with Churchill-under that-all land taken on 9/17/39 was to remain Russian-and the citizens were now Russian too.

They were advised not to return by the Brits, and were advised to return by the Russians-they did not-those who return did went right back to Siberia and lie under permafrost.

So....As the rage of the public grows-expect many scapegoats-some real some imagined to become the lightning rod of the public anger how close are we to that?
One AIG failure away?

...

... mam-san index seemed to rise to 50K JPY for shave and a haircut...-though bargaining appeared to be available. Inflation coming????

Gold:

Tanaka gold asks for 9% premiums on maples and Philharmonics, has only 1/10 oz platinum eagles and will buy coins at 2,200 JPY under spot.

If you do not have a passport-you must also pay 5% tax. If you do have passport and coins are leaving Japan and buy less than 20[0],000 JPY in coins (about 2 oz) you do not pay tax-otherwise you do.

No silver was available except in 30 Kg Bars-with a two day delivery wait from the refinery.

Forgot to ask if silver is taxed or taxed differently (as in Switzerland where it is taxed (along with platinum-I believe) at 15%.-but gold is not taxed.