Best Of The Best Share Discussion Threads

[traderabc] 07/1/2010 13:21

"The great masses don't quite understand it yet, but they will. There will be no escape from the cold, hard slap in the face citizens will receive when a high level of inflation arrives. And when it does, it will make a mockery of any opposing viewpoint.

So the question before you is simple: Will you be a prepared survivor for what lies ahead, despite what our government leaders tell us, or will you be a complacent victim of the biggest financial deception of the decade?"



The Biggest Financial Deception of the Decade

Jeff Clark,
Editor, Casey's Gold & Resource Report
Jan 7, 2010

Enron? Bear Stearns? Bernie Madoff? They're all big stories about big losses and have hurt a lot of employees and investors. But none come close to getting my vote for the decade's most dastardly deception...

First came Enron, with $65.5 billion in assets, going belly-up and becoming the largest bankruptcy in U.S. history at that time. Chairman Kenneth Lay said that Enron's decision to file bankruptcy would "stabilize the company," but over the next five years the company was completely liquidated. The stock went from a high of $84.63 in December 2000 to a whopping 26¢ one year later.

[careful] 06/1/2010 15:55

there is no prosperous future on average.
lots of hard working educated chinese, indians, east europeans.
7 billion, all with the same skills and ability as us.
our time in the sun is over...on average.

[pro_better] 06/1/2010 15:52

thanks for all your effort to post all these interesting articles...

[traderabc] 06/1/2010 15:47

Keynesianism Delivers a Decade of Zero


Ron Paul
Campaign For Liberty
Tuesday, January 5th, 2010

This past week we celebrated the end of what most people agree was a decade best forgotten. New York Times columnist and leading Keynesian economist Paul Krugman called it the Big Zero in a recent column. He wrote that “there was a whole lot of nothing going on in measures of economic progress or success” which is true. However, Krugman continues to misleadingly blame the free market and supposed lack of regulation for the economic chaos.

It was encouraging that he admitted that blowing economic bubbles is a mistake, especially considering he himself advocated creating a housing bubble as a way to alleviate the hangover from the dotcom bust. But we can no longer afford to give prominent economists like Krugman a pass when they completely ignore the burden of taxation, monetary policy, and excessive regulation.

Afterall, Krugman is still scratching his head as to why “no” economists saw the housing bust coming. How in the world did they miss it? Actually many economists saw it coming a mile away, understood it perfectly, and explained it many times. Policy makers would have been wise to heed the warnings of the Austrian economists, and must start listening to their teachings if they want solid progress in the future. If not, the necessary correction is going to take a very long time.





Ron Paul: Keynesianism Delivers a Decade of Zero

[traderabc] 05/1/2010 17:02

Chinese manufacturing sector. will shoot commodities prices to the moon


The base metal was closely followed by copper, which rose 140pc on the London Metals Exchange .
In fact, there has hardly been a poorly-performing commodity this year – wheat and natural gas being the notable exceptions.
Platinum is up 57pc, and palladium, used in catalytic convertors rose 119pc. Gold racked up the longest winning streak since 1949 with its ninth consecutive annual gain. Even crude oil, despite a tough year for the energy companies, advanced 78pc.
And among the agricultural commodities, sugar was the star performer, gaining 129pc on fears that harvest in Brazil and India have been damaged by the weather.
"I am flabbergasted at Roubini's comment about bubbles because there is not a single market in the world making all-time highs except gold, US government bonds, cocoa, and the Sri Lankan stock market.

"That's hardly reason to call for a bubble. So I am most perplexed about this alleged bubble which is out there," Mr Rogers told the Wall Street Cheat Sheet.
Jim Rogers disagrees with Nouriel Roubini , who believes that the gold is a bubble ready to burst because it has no intrinsic value
via the Telegraph

[notanewmember2] 04/1/2010 17:43

Excellent, excellent, exxxceeellllennnnt! [rubs hands with glee]



We have a little Mr Burns/Shylock inside us, haw, haw, haw...

[traderabc] 04/1/2010 17:36

The next economic perfect storm – should start mid February


Investment Watch
Monday, January 4th, 2010

It may crush the existing structure of Fannie and Freddy and drag the economy further down, no matter how many dollars the fed throws at it.

Here are the events:

Each individual event will have no visible effect, but combined will crash the economy:

These are all pending events, many listed on MW as individual events, but no one looks at them all together – but that is how we will feel them in our wallets.

Financial:
- the next wave of ARMs will start to reset,
- mortgage rates will go up,
- the next wave of foreclosures will hit,
- the default on holiday expenditures will cause more chapter 7 and 13 filings,
- retailers will know how little they made, and many will go chapter 11, or just close

[traderabc] 02/1/2010 17:05

"Government 'help' to business is just as disastrous as government persecution... the only way a government can be of service to national prosperity is by keeping its hands off."

Politicians do not care about budgets, inflation, or the value of the U.S. dollar. They care about power, personal enrichment and being re-elected.


ROAD TO PERDITION


Decade after decade, Americans have voted for intellectually and morally bankrupt dullards that promise them more goodies under the tree. Every day is Christmas in Washington DC. Long-term means the next election cycle to these traitors of the Republic. I have written ad nauseum about the impending financial cataclysm that awaits our nation. I have spent countless hours documenting the unsustainable path of our politicians' financial decisions and lack of courage in addressing the forthcoming tragedy that grows closer by the day. Our political system is so corrupt and dysfunctional that there is absolutely no chance that our path will be altered at the voting booth. Government programs are fashioned, but never finished. The IRS tax code consists of 3.4 million words covering 7,500 pages of payoffs to business lobbyists. Simplicity is a virtue. The politicians who are bought and sold by corporate interests prefer complexity and obscuring the truth. Everyone knows that the government cannot fulfill the fiscal promises they have already made. Instead of dealing with this reality using intelligence, courage and conviction, the weak kneed politicians that slither the halls of Congress have chosen to add a brand new bloated entitlement program guaranteed to detonate in our faces. This is the existing reality. There is nothing I can do that will change this reality. Instead, I will propose a new model.

[traderabc] 02/1/2010 16:10

The Future Squad's verdict on technology in 2020


What advances can we expect in the world of technology and gadgetry over the next decade?

BBC News has assembled a crack team of techies, inventors and futurologists to make their predictions - meet 'The Future Squad'.

Scientist Robin Mannings, Futurologist Ian Pearson, Inventor Trevor Baylis, Journalist Tom Dunmore and Researcher Will Davies give their views.

[traderabc] 01/1/2010 22:11

Jim Rogers New Commodity Fund in China

Wednesday, December 30, 2009


Jim Rogers and the Macquarie Funds


Jim Rogers has teamed up with Australia’s Macquarie Funds group to promote two of Rogers’ favorite investment sectors: China and agriculture. The new commodity index fund named Macquarie and Rogers China Agriculture Index, operates differently than current competitive heavyweights that invest in agriculture commodities in Asia.

What is different is Rogers’ fund concentrates on current and future actual food consumption, while other funds track the food production side of the commodity sector.

Marcquarie and Rogers are starting to heavily promote the new commodity fund as their performance in December of about 11 percent gives them some history to base their future projections on.

While the grain and overall food markets fell in the latter part of 2008, Rogers still looks at agricultural goods as the one major commodity market that can be counted on to rise significantly over the next 5 to 10 years.

[traderabc] 01/1/2010 21:52

On the Edge with Max Keiser - 01 January 2010 (1/4)



On the Edge with Max Keiser - 01 January 2010 (2/4)



On the Edge with Max Keiser . . . and Steve E. Levine (3/4)



On the Edge with Max Keiser . . . and Bruce E. Levine (4/4)

[traderabc] 01/1/2010 18:36

Printing money is a game with potentially dangerous results
In just a few weeks, at its meeting in February, the Bank of England's monetary policy committee has to decide whether to continue with quantative easing, writes George Trefgarne.


By George Trefgarne
Published: 7:14AM GMT 30 Dec 2009



Unforgiven: Ramsay MacDonald cut public spending Photo: PA

If you were one of the 12 million people who reportedly went to the sales on Boxing Day, then you might be thinking this recession has not been so bad after all. Unemployment is not rising as fast as expected, interest rates remain low and the stock market is up by more than half since March.

The truth is, though, that we have been living in an economic La La Land, induced by perhaps the biggest policy undertaken during the Labour Government's period in office: printing money, or quantitative easing, to use its economically correct but unlovely name.

[i_hopi] 01/1/2010 18:32

What have your last three posts got to do with Jim Rogers and his commodities fund?

Purely political and definitely out of place on here.

Let me know if you disagree and want to turn your Jim Rogers thread into another New World Order political thread.

[traderabc] 01/1/2010 18:17

Welcome to the out-of-control decade


Rik Myslewski
The Register
Friday, Jan 1st, 2010

Back in the turbulent 1960s, the anti-establishment rabble was often derided as being “out of control.” Fast-forward 50 years to the 2010s, when that same phrase will soon be back in vogue.

But with a very different meaning.

The coming decade is shaping up to be one in which we, as consumers and citizens, will see our control over choice and privacy eroded by business and government. Some of the effects will be mere annoyances, but others will transform society. And not for the better.

This unwelcome transformation is already underway in the personal-technology sector, led by two of the most secretive companies in our industry: Apple and Google. Waiting in the wings are corporate entities eager to exploit your personal information, and government agencies watching your every step.

Welcome to the out-of-control decade.

[traderabc] 01/1/2010 18:14

Forward With Caution After Exposing The Fed


Bob Chapman
International Forcaster
Friday, Jan 1st, 2010
The rally in the dollar and the problems for other currencies prove what we have been saying and that is all currencies will continue to fall vs. gold. The impetus for the dollar rally originates as usual with the government and is added to by the disarray in the economies worldwide, particularly in Europe. One of the things central banks have never learned is that financial engineering only works for a short duration, after that the problem worsens. Even the world’s strongest currencies, the Swiss, Canadian, Aussie and Norwegian, are only holding their own versus gold. The reason why is almost all central banks have done the same thing and that is create money and credit recklessly at the behest of the US government. The US and British financial systems are insolvent. The euro is under severe pressure, because of problems in Greece, Spain, Ireland, Portugal and Italy, and every other central bank is jockeying for position via competitive devaluation. The public may not notice it but the situation is really chaotic. As you can see, the US is never allowed a level playing field, but that is part of what comes with being the international reserve currency. Banks in Britain, Europe and the US continue to take losses, sometimes-severe losses. There is no intermediation going on with the dollar. Its rally is founded on manipulation. We suspect in the future we will have an interesting phenomenon and that is a fall in the dollar, pound and the euro, as gold moves higher as the only viable alternative. The world is going to be shocked when the euro collapses. It won’t happen overnight. It will take a year or two, but it has a good chance of happening. The US dollar cannot and will not for some time to come be a safe haven for wealth. That is because the dollar and the US economy have been deliberately destroyed.

[traderabc] 01/1/2010 17:35

ArabianMoney.Net

Financial Comment from Arabia
Ten reasons not to be optimistic about 2010



1. Global bank balance sheets remain loaded with toxic assets. The real banking crisis has not started. Government bailouts have delayed the day of reckoning, not eliminated it.

2. Stock markets rebounded ‘too far, too fast’ in 2009 and are overdue for a big correction, see the Bradley forecast.

3. Chinese exports fell around 20 per cent in 2009, and have not recovered. Global trade continues to reel from the worst crash since the 1930s.

4. US consumer and commercial lending is sharply down. The banks still are not lending for spending.

5. Property values continue to deteriorate around the world putting new financial pressure on owners and banks. US mortgage resets are the sub-prime crisis part two.

6. A double-dip recession like 1980-82 is the most likely scenario with a further leg down in the second half of 2010. The 2009 downturn was too short following a major financial crisis.

7. Emerging markets like India and China are faking their growth – Chinese exports for example are in a deep depression. These markets are anyway too small to lead global recovery.

8. Oil prices are too high, and generally depress economic activity.

9. The record gold price indicates that smart investors are expecting the worst.

10. In past major global financial crises a bond market crash has always been the final phase, and we have not seen that yet. This will bring much higher interest rates, and a boom in the gold price.

[traderabc] 01/1/2010 15:03

My Ten Predictions for 2010

Thomas Tan
Dec 30, 2009

I have been making my 10 predictions for 2 years now, since 2008. I initially got this idea from Byron Wien who has been publishing them every year since the 1980s, when he was with Morgan Stanley, then Pequot Capital , and now with Blackstone. My first picks for 2008 were accurate and had anticipated almost all major trends, substantially better than Byron's - something I called beginner's luck. For 2009, Byron beat me with his correct predictions. In this crystal ball reading business, no one wins them all. Nevertheless, I think it is a fun thing to do, especially when the right calls are made. I intend to continue my predictions every year, whether or not I get most of them right or wrong the year before. Without further delay, please find my ten predictions for 2010 below.

[traderabc] 01/1/2010 15:01

2009: A Good Year

Mary Anne & Pamela Aden
The Aden Sisters
Posted Dec 30, 2009
Courtesy of www.adenforecast.com

Happy New Year.

The year is drawing to a close. And what a year it’s been, filled with twists and turns, some surprises, thrills, excitement, history and some disappointments too, all topped off with gold skyrocketing in its biggest monthly rise in a decade.

[traderabc] 01/1/2010 15:01

A Hell of a Decade

Peter Schiff
Dec 31, 2009

In its recent look back on the first ten years of the century, Time Magazine proclaimed the period to be "the decade from hell." The editors made their case based on what they saw as the signature events of the last ten years, notably the ravages of terrorism, failed wars, and a global financial crisis. Taken together, these factors produced an era that Time is convinced will be remembered as one of the low points in our history.

[traderabc] 01/1/2010 14:58

GATA sues Fed to disclose gold market intervention records


GATA
Thursday, Dec 31st, 2009

GATA today brought suit against the U.S. Federal Reserve Board, seeking a court order for disclosure of the central bank’s records of its surreptitious market intervention to suppress the monetary metal’s price.

The suit was filed in U.S. District Court for the District of Columbia and targets Fed records involving gold swaps, exchanges of gold with foreign financial institutions. In a letter dated September 17 this year to GATA’s law firm, William J. Olson P.C. of Vienna, Virginia, ( Fed Board of Governors member Kevin M. Warsh acknowledged that the Fed has gold swap agreements with foreign banks but insisted that such documents remain secret:

[contrarian2investor] 31/12/2009 14:52

traderabc,

Thanks once again for a great thread, all the very best and profitable investing for 2010.

c2i

-------------------------------

Hi all,

Here are some articles on my favourite commodity play Palladium.


Palladium back on the move again. 2010 come see further outperformance against metals/commodity peers

ETF Securities: Palladium, Platinum ETFs Closer to Becoming a Reality
by: Michael Johnston December 28, 2009




Palladium and Platinum Could Triple on New ETF Approval
by: Brian Kelly December 29, 2009 |



Related ADVFN threads PAL & PHPD

c2i

[spec12] 31/12/2009 14:15

trader .... Found out the minimum investment is $10m !!
Have to wait a few weeks to save up.