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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: ekimaa who wrote (170457)	7/8/2012 7:43:38 AM
From: Bearcatbob	1 Recommendation Respond to of 206326

That is a very good question. I suspect the answer is gold as this is just another step towards a fiscal disaster in the US. Also, perhaps there is a way to short state of California bonds. Does anyone know if there is a funding source dedicated to paying off these bonds or are they simply a general obligation bond. Bob Edit: Proposition 1A approved the issuance of $9.95 billion of general obligation bonds. This will partially fund an 800-mile high speed train under the supervision of the California High-Speed Rail Authority. In 2008, when voters approved the measure, the estimate for the total cost of the project was $40 billion. In 2011, the California High-Speed Rail Authority issued a new cost estimate for the entire project, saying that it will cost between $98.5 billion and $118 billion. [2] ballotpedia.org

To: ekimaa who wrote (170457)	7/8/2012 8:45:28 AM
From: elmatador	1 Recommendation Respond to of 206326

Preparing to costly energy: Older folks, being rich countries' majority will vote against infrastructure investments to adjust to costly energy. They'd prefer money spent on the way of live they've got used to and on their welfare. This happens at a time long term projects must be tackled. Older folks long term is 10 years. Younger nations are putting projects for the next 100 years: Young US and Europe: Suez and Panama Canals. Young Brazil and China: Itaipu and Three Gorges dams. Rich countries' folks will vote to keep the status quo.