Best Of The Best Share Discussion Threads

[traderabc] 17/6/2011 12:51

Top 4 Reasons To Tell Everyone You Know About the Coming Wealth Transfer



Wealth Cycles
June 17, 2011

Oftentimes, we feel like we are wandering the labyrinth of life without anything really happening. Most of the big news is on the periphery of our lives, and if you don't go out of your way to watch or read the news, it won't really affect you. The fortunes of businesses and countries ebb and flow (especially in Financial Crises), but in our cushy, sheltered lives, there is often little reason to care.

But you should care. And so should everyone else.

The events of the past 40 years have set into motion a course of events that will cumulate in a wealth transfer unlike any the world has known.

Wealth transfers happen every day. If you buy a stock, and it falls, your purchasing power has been transferred to the guy that sold you the stock. He can buy the same stock again and still have some cash left over-his purchasing power has increased.

The Wealth Cycle Principle hinges on a giant cyclical wealth transfer. In the history books, this type of wealth transfer happens every once in a long while, but this time around, as WealthCycles.com readers know, things are going to be different. Sometimes, people may think you are off your rocker when you tell them about wealth cycles, but once they study the cycles, they, too, will know about the wealth transfer that will occur in our lifetime. Here are the top four reasons to share your understanding of the Wealth Cycle Principle with others:

[traderabc] 17/6/2011 11:33

Osborne doing something sensible, whatever next?

The UK Is Preparing To Return To "Glass-Steagall"

In a very surprising move, the AP reports that the UK finance minister George Osborne has announced a major overhaul of British banks, the key provision of which will be the separation of bank retail and investment business "in order to help avoid another financial crisis" - an act which is in essence a reintroduction of Glass-Steagall.






This bit caught my eye

He also warned that Britain's economy faced tough challenges.

"Failure to tackle the imbalances during the seven years of plenty before 2007 threatens seven lean years thereafter," he cautioned.

He could of added that selling off 60% of our Gold reserves wasn't too bright either.
It's interesting that he (Osbourne) uses these biblical phrases. I have thought for a long time that if a government actually cared about its citizens and their future they would show it by acting accordingly with routinely stockpiling at least a decade worth of food staples for the entire population, as this is a most obvious and sensible policy, nobody knows what lies ahead, it is only prudent to plan for the unseen.

While they're at it they could also stockpile several years worth of energy, in the case of the UK that could be millions on tonnes of coal piled up near transport infrastructure ready to deliver it to back up coal fired electrical generating plants which have been mothballed in advance. With electricity only and a several million working the land (instead of diesel machinery) this country could function in a manner.

If I was in charge I'd go further and insist that systems were put in place to rapidly convert every single spare patch of land into food producing areas so in the event of something terrible going wrong, we, as a country would be ready at very short notice to make the UK self sufficient in food production.
They have hundreds of very stupid ways to waste billions of pounds, why don't they actually do something sensible with a tiny fraction of that wasted money and plan for the unforeseen?
Why not have the infrastructure and organization ready before something 'comes out of the blue'. Why not cater to the most basic needs of their citizens? ie food, shelter and energy, why not be ready for a real emergency, where those three things count and not much else does?

If they feel they can't (afford) to do that then at the very least they would encourage their boroughs and councils to do so, failing that their citizens, to stockpile and have systems in place to cope with potential disaster scenarios.
If they had adopted this kind of philosophy in the peaceful years between the first and second world wars, the second war could of be won far more easily and with much less loss of life. Until I see government act for the interests of their people and not in their own interests, I see government as 'the problem' and not the solution.

[traderabc] 16/6/2011 22:28

Bitcoin! The Freedomain Radio Interview [mirror]





Stefan Molyneux on TV: Bitcoins: digital currency of the future?




Bitcoin
From Wikipedia, the free encyclopedia

[traderabc] 16/6/2011 16:02

Fiat money inflation in France
Posted on June 16, 2011 by stacyherbert| 12 Comments

Stacy Summary: Video featuring Max Keiser, James Turk and Pierre Jovanovic produced via Gold Money Foundation.

[traderabc] 16/6/2011 15:58

[KR156] Keiser Report: Army of New Mubaraks

[traderabc] 16/6/2011 15:45

Thursday, June 16, 2011
Jim Rogers bullish on Sugar

"I would suspect that sugar certainly would be stable and maybe it may start going up because we are burning sugar in our fuel tanks and some parts of the world. As people have become more prosperous, they want more sugar. I am optimistic about the price of sugar over the next three or four years. Likewise with cotton, I am more optimistic about sugar than cotton, but I would not sell either." Jim Rogers in ET Now

[traderabc] 16/6/2011 15:45

End Game

Peter Schiff
Jun 15, 2011

Economic data over the past weeks, punctuated by last week's dismal employment reports, confirm the diminishing impact of the stimulus efforts orchestrated by the Obama Administration and the Federal Reserve. In what must be a huge disappointment to Keynesian enthusiasts, the record doses of both monetary and fiscal narcotics did not produce the desired results. In fact, the size and scope of the "recovery" of the past two years was weaker than would have been expected in a typical business cycle recovery without any stimulus whatsoever. Indeed our current recovery is the weakest on record, despite the biggest jolt of government stimulus ever administered.

[traderabc] 16/6/2011 15:43

Yep, he's one of the very few sensible politicians out there.

Farage: An unholy alliance of politicians and bankers vs. the people

[michaeld] 16/6/2011 15:43

Sensible arguments from Mr Nigel Farage. What a pity that he is not our Prime Minister imho. We need a PM with guts to sort out the mess we are in from 'Human Rights' craziness to escalating fees from being a member of the EU , leading to our increasing loss of sovereignty.

[traderabc] 16/6/2011 00:34

Jim Rogers : VIDEO

US Should have been downgraded long time ago
Legendary Investor and commodities investment guru Jim Rogers told The Indian Economic Times on Monday that the US should have been downgraded a long time ago
Jim Rogers : "...What is Fitch talking about? What are they waiting for? America already should be downgraded. They should have been downgraded years ago. The rating agencies have gotten it wrong for 10-15 years now. America is bankrupt. What are they talking about? " and regarding the US Dollar Jim Rogers says that he is longing the US Dollar "At the moment, I happen to be long US dollar . because everybody is so pessimistic about it, including me. So when I see that 95 or 98% of the people are bearish on something, I stepped in and bought. I own the US dollar. I do not know how long I will own it. If it goes up, I am sure I would sell it. If it goes down, I would probably sell it and take my losses. But it is only because there are too many bears at the moment. "

[traderabc] 16/6/2011 00:32

The Federal Reserve Will Go Bankrupt, Don't Listen to Bernanke: Jim Rogers (Video)

by BMG Article Editorial on June 15, 2011

[traderabc] 14/6/2011 18:41

Keiser Report: Economic Melt-Through (E155)

[traderabc] 14/6/2011 15:51

Virtual currency
Bits and bob

Jun 13th 2011, 20:30 by J.P. | LONDON AND G.T. | MELBOURNE

MILTON FRIEDMAN famously called for the abolition of the Federal Reserve, which he thought ought to be replaced by an automated system which would increase the money supply at a steady, predetermined rate. This, he argued, would put a lid on inflation, setting spending and investment decisions on a surer footing. Now, Friedman's dream has finally been realised-albeit not by a real-world central bank.

[traderabc] 13/6/2011 15:52

Cracking the Bitcoin: Digging Into a $131M USD Virtual Currency
Jason Mick (Blog) - June 12, 2011 7:35 PM


Bitcoin slump shows signs of slowing; misinformation remains widespread



Our piece on the Bitcoin market's "Black Friday" saw tremendous pickup, being carried or quoted by Business Insider, Spiegel (Germany's equivalent of The Wall Street Journal), and Slashdot (whose submitter did an admirable job explaining the piece), among others.

Over the weekend there was more movement in the Bitcoin market, and much confusion about the peer-to-peer currency remains. In this follow up we'll take an objective look at what we feel the true story of Bitcoin is.

I. Is the Bitcoin "Recession"/"Depression" Over?

[traderabc] 13/6/2011 15:29

Anonymous: Bernanke Is Next



Courtney Comstock
Business Insider
June 13, 2011

Anonymous has set its sights on Ben Bernanke.

The most well-known hacker group, Anonymous, uploaded a video message to youtube yesterday calling for Fed Reserve Chairman Ben Bernanke to resign, among other things. It's embedded below.

The video begins with Bernanke saying he is 100% confident of his ability to control the income disparity in the U.S. - the largest of any industrialized country in the world - on 60 Minutes.

Then it says:

"Democrats have failed us, Republicans have failed us... It is time for us to stand up for ourselves... We must fight back against the organized criminal class... We must launch "operation Empire State rebellion. The operation will commence on June 14th...Operation Empire State Rebellion Engaged."

[traderabc] 13/6/2011 15:24

Edited

I guess they are, but ponzi schemes can go on longer and up further then anyone can imagine. Near $10 these are a buy.



Bitcoins, a Crypto-Geek Ponzi Scheme
June 10th, 2011 by George Ou | 17 Comments »

Now that U.S. Senators Charles Schumer and Joe Manchin are advocating a crackdown on Bitcoins (a peer-to-peer electronic currency), the mainstream media is starting to pick up on the story. Our informed readers here have probably heard something about the issue by now, but may be wondering what the heck these things are. There has been much debate about whether bitcoins are a legitimate digital currency or an Internet era scam, so we will examine the issue of in an effort to make some sense of it.

[mozy123] 12/6/2011 23:45

bit coin is just a ponzi scheme! i mean the amount of currancy that can be created is control by one person!

[traderabc] 12/6/2011 23:03

Jim Rogers on FSN 09 June 2011



OR

[traderabc] 12/6/2011 12:35

That's more like it, I might pick up a few of these.



Digital Black Friday: First Bitcoin "Depression" Hits
Jason Mick (Blog) - June 10, 2011 7:05 PM

a single day, markets stay open

The day was October 28, 1929 and the sky was falling. That Monday the DOW Jones Industrial Average (DJIA) fell 12.82 percent. History books show that the next day the DJIA bled another 11.73 percent. Vast amounts of wealth were wiped out in an instant.

Today modern exchanges automatically close to prevent such catastrophic sell offs. Or, they do in the real world, at least. But on June 10, a new kind of market -- Bitcoins suffered a massive decline, that may signal the start of the world's first digital depression.

I. A 30 Percent Decline in One Day

[traderabc] 11/6/2011 22:42

"I'm short a very big U.S bank" @4:17

"Zerohedge seems to think it's JP Morgan. This would make sense. My advice to hedge funds this past year has been; go long silver, short JPM and capture a huge spread as the rising price of silver crushes JPM's balance sheet. It would be kick if it turned out that this is exactly what Rogers is doing. I can't believe how much wealth I've created for people in the past 15 years."

[traderabc] 11/6/2011 22:25

[OTE114] On the Edge with Peter Schiff#

[traderabc] 11/6/2011 20:51

Thanks for that one apdi71.