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Gold Prospecting Forums - General => Chat & Everything Else => Topic started by: Bill_Carson on April 28, 2010, 02:08:20 PM

Title: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on April 28, 2010, 02:08:20 PM
The "90% ratio of government debt to GDP is a tipping point in economic growth." For 800 years "you increase it over and beyond a high threshold, and boom!"......

Debt time bomb - Paul B. Farrell - MarketWatch (http://www.marketwatch.com/story/our-debt-time-bomb-is-ready-to-go-ka-boom-2010-02-02)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on April 28, 2010, 06:01:26 PM
Greek debt cut to "junk status" by rating agency Standard & Poor's ....

BBC World Service - News - Greek bonds 'junk' rating (http://www.bbc.co.uk/worldservice/news/2010/04/100428_greece_debt_sl.shtml)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on April 28, 2010, 06:29:52 PM
Gold Surges On Spain Debt Downgrade ...

(http://www.zerohedge.com/sites/default/files/images/user5/imageroot/paulson/Gold%204.28_0.jpg)


(http://www.zerohedge.com/sites/default/files/images/user5/imageroot/paulson/EUR%204.28_0.jpg)


Gold Surges On Spain Debt Downgrade | zero hedge (http://www.zerohedge.com/article/gold-surges-spain-downgrade-euro-crashes-end-fiat-system-approaches)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on April 28, 2010, 06:50:00 PM
Goldman Sachs helped Greece (and possibly other countries) conceal the true extent of their debts ...



      YouTube
            - Is Goldman responsible for Greek crisis?
    (http://www.youtube.com/watch?v=tCe80hsx-ig)



      YouTube
            - Max Keiser - Goldman Sachs Helped Greece Mask Real Debt
    (http://www.youtube.com/watch?v=FKCR2k4keMQ)


Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Chuxgold on April 28, 2010, 11:03:33 PM
Going of the gold standard was the beginning of this end. There is nothing to keep the rich honest. Just because they have everything it dues not mean they do not want. More, or all. Now they can have it, if there pocket is deep enough.
Every one has played monopoly. How dues it always end?
Gold kept this from ever being a possibility. Kept it real.
It is one thing for a individual to play with debt. But when a industry or country thinks it can servive the turbulent future of this world. Broke? It becomes insolvent at a level that brings everything around it down. So must be bailed out.
I see it as if we were and are being held hostage by the banking system. We can't make them afford there own mistakes. Witch they could. Or just let them fail. Never good throwing good money after bad. But governments do not see there own end. Just as long as there sovereign rights are left intact. What dues it mater hew owns the land and the resources. Hew has say what gets logged. Or mined. Until nothing is left.
Gold kept this from happening.
Kept countries debts to a size they could afford. Not what they could get. In a world of limitless stuff. Being sold by a industry that needed to give countries that had little money or resources a way to afford the technological age. And then pay the debt, buying and selling the wares of that industry. This was the promise. To bad no one could see they mite want more. Pushing the debts to the point of collapse, Knowing they could because we can't just let them fail.
When no one could afford there debts. The world will be forced to seek a one world currency. A one world government. Or go into a unstoppable depression. That ends in chaos and anarchy.   
Just my take on it.
Chuck. 

Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on April 29, 2010, 06:52:11 AM
Hey Bill, good to hear from you again.

SO------- what do you think will end up happening (specifically) and what can you, me and the members of this forum do to protect ourselves or maybe lessen the coming impact?  What will collapse first, followed by ?????  <~ShOcK~> <~ShOcK~>...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on April 29, 2010, 09:46:49 AM
Hi Wil,

With the recent rate of money printing, and the future projected rates of various govt. debts ... the stable future for certain paper currencies looks uncertain... I've got to get ready for a meeting in 15 min's ... but I'll be touching on this topic more in the future.

More on the Greek debt: N. Roubini: A Greek default is "UNAVOIDABLE"...


      YouTube
            - NYU's Roubini Says Greece Wasn't Ready to Join EU
    (http://www.youtube.com/watch?v=E_EbQaXEI3Q)

Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: PlacerPal on April 29, 2010, 12:54:17 PM
Wil,

From the Canadian Press today, a news item from Mark Carney, Bank of Canada
Governor.

Greek crisis 'serious,' could imperil Canadian economy, says BoC's Carney 


By The Canadian Press
ADVERTISEMENT

OTTAWA - The Greek crisis has the potential to derail the global recovery and hurt Canada's economy,
Bank of Canada governor Mark Carney says.

The central bank governor called the sovereign debt crisis in Greece and other southern European
countries a "serious situation" for both the world and Canada.

Testifying before the Senate banking committee Thursday, Carney says Greece's problems could spill over
and cause a slowdown in the global economy as markets demand governments rein in their deficits.

In Canada, that would result in higher interest rates.


A global slowdown would also cut demand for many of Canada's resources exports to Europe and
other parts of the world.

"The net result of this would be negative for growth in Canada," he said.

We have for some time been advising our children who have variable rate mortgages to lock in
and get out of any high risk investments, but you know the kids - who knows if they listen. 

With $120 billion in debt and Angela Merkel of Germany holding up the EU rescue of the
Greek economy while she may be waiting to see if some other country or the IMF will rescue
Greece, I expect Greece to fail and the gov with it. Shocking CBC news items that 80% of
Greeks never pay any taxes of any kind. Then next comes Portugal, Spain and Ireland all
with incredible debt, but none with the debt load the USA has. China, japan, some Arab
nations keep the USA afloat by buying up the USA 30 year bonds. If those countries stop
buying those bonds and beginning to dump them, then our problems are a lot worse than
the Greece, Portugal, Spain, Ireland debt problems. The USA debt load is estimated to be
about $17 Trillion dollars or almost the whole economic output in the world.
The EU members know the debt situations and may be waiting for the other shoe to drop?

 :)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on April 29, 2010, 01:28:56 PM
Dr. Marc Faber on the Sovgrn. Debt dilemma (from 4 months ago - before the current Greek debacle developed) ...


      YouTube
            - Dr. Marc Faber: PIIGS are going to be Slaughtered; January 13, 2010
    (http://www.youtube.com/watch?v=zIJkArWvqu4)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on April 29, 2010, 02:37:48 PM
I'm thinking interest rates start to climb, followed by massive mortgage and credit card defaults, then demand destruction for energy and raw materials (including my stocks) and then, all of a sudden, everything just "locks up" like it almost did 2 years ago-no inter-bank lending or bank lending of any kind, no more government bail-outs or stimuli  this time because they can't raise/borow any more $$ and then it's all downhill. Total collapse?
If you were Angella would you lend your hard earned monies to a country that lives so high, doesn't tax and gives in to almost everyone in the country so it can get re-elected?  Man, what a mess! 
Comments, or am I simply "out to lunch".  ...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: tomcat on April 29, 2010, 02:47:38 PM
Thanks for that Goldman Sachs...way to go.
I'll should go out and buy a wheelbarrow to but my devalued paper money in..... just to buy a loaf of bread  :'(
Maybe I should stock up on ammunition now .....so I can at least eat some meat and protect my belongings.  <-unsure_>
The iceburg is getting mighty close to flipping over...seems the entire planet is on the edge of the precipice.... yikes
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: juu907 on April 29, 2010, 03:06:42 PM
 <-laugh-> <-laugh->  hey tomcat. if you got that much paper money laying around ill give you ten cents on the dollar and you wont have to go out and buy a wheelbarrow. canadian or us is fine by me.  let me know <-yes_> <-yes_>   jerry
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: tomcat on April 29, 2010, 03:13:04 PM
 <-laugh-> <-laugh-> [email protected]* [email protected]* [email protected]* Ya but I need something to carry my ammunition home  ;D
I think a guy might be wise to stay away from the US dollar by the sounds of it.  <-thinking->
Maybe pick up some more gold pans and shovels while I'm at it  ;D
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on April 29, 2010, 03:57:47 PM
Wil ... yes, I think interest rates will rise, and that we'll see an increase in mortgage and credit card defaults ... but, before the defaults get too bad, I think monetization of debt will increase substantially to keep interest rates as artificially low as possible... which will result in the acceleration of currency depreciation (which could lead to stealth sovergn. debt defaults via currency debasement by the fiscally weakest countries).... although, I think Canada will weather the coming debts storms far better than most countries.


      YouTube
            - Video Dispatch: The Brush Fire in the Eurozone
    (http://www.youtube.com/watch?v=Gcwo-rvZUzY)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on April 29, 2010, 08:42:27 PM
How some Hedge Funds are exploiting the global debt build-up for quick profits ...


      YouTube
            - WORLD ECONOMIC DEPRESSION CRISIS SECOND WAVE !!! GREECE SPAIN PORTUGAL UK
    (http://www.youtube.com/watch?v=Hpd7Xs-eGlY)




Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on April 30, 2010, 06:39:01 AM
Thanks Bill but I'm stuck with Telus 'Ultra Slow Speed Dialup' so unable to view videos.
I wonder how much more $$ everyone's willing to print?
Wouldn't give some of these European countries a nickel until they straighten out their spending and become more responsible.  Getting worried now! Gold is really starting to sound even better.
Right now CNBC is saying everything is just going along just so wonderfully.  Hmmmmm.....Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on April 30, 2010, 09:31:48 AM
Harrisburg, Pennsylvania, Told to Consider Bankruptcy...

Harrisburg, the capital of Pennsylvania, the sixth-most populous U.S. state, has been told by it's City Controller it should consider seeking Chapter 9 bankruptcy protection....

Harrisburg, Pennsylvania, Council Told to Consider Bankruptcy - BusinessWeek (http://www.businessweek.com/news/2010-04-27/harrisburg-pennsylvania-council-told-to-consider-bankruptcy.html)

Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on April 30, 2010, 09:44:34 AM
With $2 Trillion In 3 Year Funding Needs By the PIIGS, The IMF Is Helpless To Do Anything But Sit Back And Watch ...

Total PIIGS funding needs (defined as the sum of debt maturities and budget deficits) over the next 3 years amount to $2 trillion. Total PIIGS funding needs in 2010 alone amount to $600 billion. Total IMF bail out capacity: around $700 billion...

With $2 Trillion In 3 Year Funding Needs By the PIIGS, The IMF Is Helpless To Do Anything But Sit Back And Watch | zero hedge (http://www.zerohedge.com/article/2-trillion-3-year-funding-needs-piigs-imf-helpless-do-anything-sit-back-and-watch)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: PlacerPal on April 30, 2010, 06:15:23 PM
Anyone following the requests by Greece for a $120 billion dollar debt bailout,
this will really put things into perspective and maybe help explain why Angella Merkel
the Chancellor of Germany and the German voters are not supporting an EU bailout
for Greece.

The situation in Greece is an example of what can happen in a Democracy when the
elected politicians and administrators to stay in power or hang onto their jobs, keep
giving the voters and unions what they ask for without end. The Greeks are the
authors of their own fate and similarly so shall we if we don't dig in and demand
direct Democracy - consultation and referendums.

From:
BBC News - Greeks warned of austerity measures ahead  (http://news.bbc.co.uk/2/hi/business/10093758.stm)

On Planet Greece, some civil servants get a bonus for turning up to work on time.
Foresters get a bonus for working outdoors. At least they show up.

There are civil servants called ghost workers because they never go into the office,
head to a second job and still claim a state salary. They can't get sacked, because a
civil service post is for life. Unless the incumbent decides to retire in his or her forties,
with a pension.

And the government can continue paying for the afterlife. Unmarried and divorced daughters
of civil servants are entitled to collect their dead parents pensions. Another lucrative sinecure
is to belong to a state committee. The government has no idea how many there are.

It has been estimated that they have 10,000 employees and cost nearly £200m a year, and
that includes the committee to manage a lake that dried up 80 years ago.

 :(

Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on May 01, 2010, 07:58:22 AM
Good post PlacerPal; didn't know it was that bad.
Now that Greece can no longer support their ridiculous spending/lifestyles they expect others to pay for it by way of lending them massive amounts of money they'll never be able to repay. UNBELIEVABLE !  Who do these guys think they are?
Now if Portugal, Spain, Ireland, Italy and some of the Eastern European countries are in the same boat, then something's got to hit the fan!
Sounds like we need the gold standard back to control government printing presses and the dilution of our currencies. Shine up your gold pans guys-we just might do OK in spite of all this crap.............Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 05, 2010, 10:52:49 AM
Greek debt protests - 3 killed when bank set ablaze ...


      YouTube
            - 3 Killed In Riots In Greece
    (http://www.youtube.com/watch?v=I-Doob2mJbA)



      YouTube
            - Greece - May 5, 2010
    (http://www.youtube.com/watch?v=wuTRCNuklF0)



      YouTube
            - Three dead as Greece protest turns violent
    (http://www.youtube.com/watch?v=Mif1eV4aWuA)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on May 05, 2010, 02:49:29 PM
Maybe we're missing something here. I've always thought of Greece being full of nice, happy people--good folks.
The Greeks must know if they don't cut back their country will be "in the tank"; bankrupt, broke, as in no more Greece on account of hyper-inflation?
Are they protesting something else, like maybe blaming big banks for their misfortune(s)? Surely they don't expect the rest of Europe to pay them to go on not working or producing anything.  Could these riots be on account of another problem we don't know about??  It just doesn't make sense and you get a few more countries following them, then LOOK OUT! ...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Chuxgold on May 06, 2010, 10:44:23 AM
In a world of conveniences and easy living. Who wants to work? Even if you could find a job. It is making stuff you can't afford. Going to people that can't either. Money dues not have the same face it ones did. No one respects it or respects the world that gives it to us. We all just take more and more. One day, it will run out.
With no gold standard there is no restraint on spending. No saving recourses and money for when they are needed most.
We should not be broke. We should have billions or trillions in the banks? There for disasters and  affording world peace.
Oh yea we just tried that?
Just go’s to show. Never trust anyone but yourself with your money. And with that any and all faith in this modern world dies.
The human raise has proven its not capable of possessing civilization. when those of supposed faith rape those they are charged with. And those that are supposed to finance are future. Steel it. Making the governing factors are enemies not are allies in finding a well lived life.
With it all being to old and to well entrenched to ever be change. 
It makes all that do not try that could have effect. Evil to the human condition. Perverse in there own existence.
Insane!
Chuck.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 06, 2010, 12:15:26 PM
Europe's web of debt - a graphic look ...

(http://graphics8.nytimes.com/images/2010/05/02/weekinreview/02marsh-image/02marsh-image-custom1.jpg)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 08, 2010, 06:56:33 PM
U.S. Debt Shock May Hit In 2018, Maybe As Soon As 2013: Moody's says...

The key data point in Moody's view is the size of federal interest payments on the public debt as a percentage of tax revenue. For the U.S., debt service of 18%-20% of federal revenue is the outer limit of AAA-territory, Moody's managing director Pierre Cailleteau confirmed in an e-mail.

Under the Obama budget, interest would top 18% of revenue in 2018 and 20% in 2020, CBO projects.

But under more adverse scenarios than the CBO considered, including higher interest rates, Moody's projects that debt service could hit 22.4% of revenue by 2013...


   U.S. Debt Shock May Hit In 2018, Maybe As Soon As 2013: Moody's - IBD - Investors.com
 (http://www.investors.com/NewsAndAnalysis/Article.aspx?id=532490)

(http://www.investors.com/image/WEBaa050510_FULL.gif.cms)
Title: EU, IMF agree $1 Trillion Emergency Fund
Post by: Five-Oh on May 09, 2010, 09:33:25 PM
EU, IMF agree $1 Trillion Emergency Fund

By: Reuters (http://www.cnbc.com/id/37054713)

Global policymakers unleashed an emergency rescue package worth about $1 trillion to stabilize world financial markets and prevent the Greek debt crisis from destroying the euro currency.

EU Economy and Finance meeting
Georges Gobet | AFP | Getty Images
European finance ministers talk before the EU Economy and Finance meeting on May 9, 2010 at the EU headquarters in Brussells.

The rescue, hammered out by European Union finance ministers, central bankers and the International Monetary Fund in marathon talks at the weekend, was the largest package in over two years since G20 leaders threw money at the global economy following the collapse of Lehman Brothers.

The size of the package surprised financial analysts and the euro rose close to 2 percent while stocks in Asia firmed.

The U.S. Federal Reserve reopened currency swap lines with several central banks and Group of Seven and Group of 20 finance ministers weighed in with their backing for the measures.

EU Monetary Affairs Commissioner Olli Rehn told a news conference the package of measures "proves we shall defend the euro whatever it takes".

The emergency measures are worth much more than any previous attempts by the 27-country EU or the 16-state single-currency group to calm markets.

They come after the Greek crisis drove sovereign debt yields and insurance on this debt to record levels.

Financial markets had started to punish other euro zone debt of members with bloated budgets such as Portugal, Spain and Ireland, in what Sweden's finance minister described as "wolfpack behaviors".

The $1 trillion package consists of 440 billion euros in guarantees from euro area states, plus 60 billion euros in a European instrument.

EU finance ministers said the International Monetary Fund was expected to contribute 250 billion euros, taking the total to 750 billion euros, or around $1 trillion.

However, IMF head Dominique Strauss-Kahn did not offer any specifics but said said any IMF action would be on a "country-by-country basis".

The European Central Bank said it will buy euro zone government bonds to help support fractured markets, abandoning its resistance to full-scale asset purchases.

The ECB said in a statement that the step, dubbed the "nuclear option" by many economists, was justified because of government promises to meet strict budget targets and step up consolidation efforts.

The euro currency, which last week sank to a 14-month low against the dollar, rose as high as $1.2950 before slipping back on the ECB decision to buy debt. By mid-morning it was changing hands at $1.2930.

"Getting them to agree on a number is crucial," said Tony Morriss, market strategist at ANZ in Sydney. "But to me what appears more important is the establishment of swap lines and quantitative easing (QE). And while QE may weigh in the longer term, the euro seems to be stabilizing, at least in the near term," Morriss said.

The ECB said the scope of the purchases was yet to be determined, but added they would be offset by liquidity-absorbing operations so that the stance of monetary policy is unaffected.

The ECB last year announced a 60 billion program to buy covered bonds but this would be its first move into buying government debt.

Gold prices, considered a safe haven investment, fell as much as 1.5 percent after touching near record highs last week.

Ease Fears
    
The central bank swap facility is meant to ease fears of a dollar shortage as investors dump riskier assets and move back into the U.S. dollar. The cost of interbank three-month U.S. dollar funds saw its largest rise in 16 months on Friday.

The move is designed to ensure there is enough money and confidence in the global financial system to stave off 2008-style credit crunch.

Ministers from Spain and Germany said euro zone countries would speed up their efforts to tackle their fiscal problems.

Jitters over euro zone finances have set global markets on edge and created the conditions for a nearly 1,000-point drop in the Dow Jones industrial average on Thursday. Authorities are investigating what triggered the dramatic move.

Both the EU and the IMF has already approved a 100 billion euro package to support Greece, whose budget deficit blew out last year to 13.6 percent of GDP.      

To secure the funds, Greece has committed to deep budget cuts that have already caused violent public protests in the country as it moves to get the deficit back down to the EU limit of 3 percent.

"Wolfpack"
Policymakers around the globe are worried the crisis in Greece could spread to other countries, fears compounded by the unexplained shock plunge in U.S. stocks on Thursday.

In Europe, officials said they would fight speculative investors they blame for aggravating the public debt crisis.

"We now see ... wolfpack behaviors, and if we will not stop these packs, even if it is self-inflicted weakness, they will tear the weaker countries apart," Swedish Finance Minister Anders Borg told reporters in Brussels before the EU meeting.

Economists estimate that if Portugal, Ireland and Spain eventually come to require bailouts similar to Greece's, the total cost could be some 500 billion euros.


Copyright 2010 Reuters.  (http://www.cnbc.com/id/37054713)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Chuxgold on May 10, 2010, 10:02:06 AM

I have already said my peace about gold backing the dollar. But avoided stating about my thoughts on the inner value of gold and a world market. It balances are activities with the natural world. Slowing are development to a pace that fits what this planet has to give. Just deciding to cut loose and build at expeditionated rate. By solidifying the markets to flood the world with bogus dollars. This feeds the machine of are own destruction.
Religion can not see its own mistakes when it is not thought possible that god can too. And yes he can. He is us. Because we are him in are designing of him. He was invented, as some one to blame. When are mistakes get to were we can't afford them. But its kind of hard to lay this one on him when we are solely responsible   
In the end religion turns to science. Then turns on us. With either population control. Nukes. Or driving the debt to the point of total collapse. Religions shifting adjustment from a thing of faith of nature, to something of total human design. Is the razing of a beast. That will enslave us all.
In the end we are the devil. We as a hole represent something. Either that something is something good. Or it is something bad. With a entire universe of good. And only one bad thing that can be dun.
Suicide at any level is wrong. We are here to take the pain the poison of life. And then smile about it. Laugh in the face of that that try’s to make us small with fear.   
Gold held are ambitions to only what was right and just. Not having the money to build towers that reach past what we can understand. Reaching past hew we are as one race. Living on one world, that has only one life, we are close to ending. We either except that connection. Condition. That responsibility of debt to this world. To life. Or die without it.
Chuck.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 10, 2010, 11:31:35 AM
May 10/2010 -- Jim Rickards: "Goldman Can Create Shorts Faster Than Europe Can Print Money" link to article with video;

Jim Rickards: Goldman Can Create Shorts Faster | zero hedge (http://www.zerohedge.com/article/jim-rickards-goldman-can-create-shorts-faster-europe-can-print-money)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 10, 2010, 05:36:57 PM
Investment Experts: The Rating Agencies no longer serve a valid purpose for investment companies... Investors must now do their own debt ratings ...


      YouTube
            - Ratings Agencies Face Scrutiny in EU After Greek Crisis
    (http://www.youtube.com/watch?v=slHZaPyFth0)



      YouTube
            - IHS's Randolph Says Investors Must Do Own Debt Rating
    (http://www.youtube.com/watch?v=UxYXuzM3Uhw)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Five-Oh on May 10, 2010, 08:58:12 PM
Bill.. The time you spend finding these commentaries by notables is valued...

Thanks...

Ed
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 11, 2010, 07:04:07 AM
Congressmen Ron Paul: Euro Bailout Will Lead To A Currency Collapse ...


      YouTube
            - Ron Paul: Euro Bailout Will Lead to Currency Collapse
    (http://www.youtube.com/watch?v=_ZUOABPsqj4)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 11, 2010, 08:22:55 AM
Dylan Ratigan lays the Smackdown on the $1 Trillion European bailout ...


      YouTube
            - Dylan Ratigan MSNBC - Funding a $1 Trillion European bailout - Part 1
    (http://www.youtube.com/watch?v=vK6CE9jQKhg)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 11, 2010, 05:31:23 PM
Peter Schiff on currencies, debt, and future Gold prices ...


      YouTube
            - Peter Schiff  Tuesday May 11, 2010 CNBC Fast Money
    (http://www.youtube.com/watch?v=ikF54jVGlwE)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 12, 2010, 09:09:47 AM
Austrian mint says gold sales soar on panic buys...

VIENNA, May 12 (Reuters) - ..... "Currently we don't have anything in stock. We sell our entire daily production immediately," he said ....


   Finance and Stock Market News - Austrian mint says gold sales soar on panic buys...
 (http://www.lse.co.uk/FinanceNews.asp?shareprice=&ArticleCode=n8qires0zn7dafx&ArticleHeadline=UPDATE_1Austrian_mint_says_gold_sales_soar_on_panic_buys)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 19, 2010, 01:00:53 PM
Auction of Spanish debt close to failure ...

May 19 2010 -- Spain came close to its first debt auction failure yesterday, highlighting the funding problems for weaker eurozone economies... Steven Major, head of fixed income at HSBC, said: "The Spanish auction was very disappointing and does not bode well for further issuance... "It suggests the European Central Bank may have to buy a lot more bonds than it first thought to prop up some of the peripheral eurozone bond markets."...

FT.com / UK - Auction of Spanish debt close to failure (http://www.ft.com/cms/s/0/4e325a90-62dd-11df-b1d1-00144feab49a.html)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 19, 2010, 04:59:07 PM
Dow Theorist Richard Russell Says: "You Won't Recognize America By The End Of The Year" ...

Richard Russell, the famous writer of the Dow Theory Letters, has a chilling line in today's note;

"batten down the hatches" because there's a HARD RAIN coming.... If I read the stock market
correctly, it's telling me that there is a surprise ahead. And that surprise will be a reversal to the downside for the economy, plus a collection of other troubles ahead...

Dow Theorist Richard Russell: Sell Everything, You Won't Recognize America By The End Of The Year (http://www.businessinsider.com/dow-theorist-richard-russell-sell-everything-liquid-you-wont-recognize-america-by-the-end-of-the-year-2010-5)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: honeyman76 on May 20, 2010, 05:52:38 PM
This is just scary! I want to go put my head in the sand
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on May 21, 2010, 06:54:34 AM
Quote
This is just scary! I want to go put my head in the sand

It is getting scary alright!  Personally, I should have listened to guys like this 2 years ago.
If you ask two of those 'so called' financial experts on TV you get three opinions.  They talk the talk so you  buy or sell more stock-not only do they win both ways, a lot of their advise is contrary to common sense! Time to get out of all investments, maybe buy some gold...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 21, 2010, 09:37:39 AM
Even a homeless Dog is getting (censored) at the Bankster Gangsters...


      YouTube
            - Once Upon a Time In Athens: The Legend of The Riot Dog
    (http://www.youtube.com/watch?v=lFd0hztEUWk)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 21, 2010, 10:15:50 PM
32 US States have run out funds to make unemployment benefit payments ... CA, MI, NY Worst ...

May 21/2010 -- EconomicPolicyJournal.com  has learned that 32 states have run out funds to make unemployment benefit payments and that the federal government has been supplying these states with funds so that they can make their  payments to the unemployed...

EconomicPolicyJournal.com: 32 States Have Borrowed from the Federal Government to Make Unemployment Payments ... (http://www.economicpolicyjournal.com/2010/05/32-states-have-borrowed-from-treasury.html)


32 US States Now Near Bankrupt | zero hedge ... (http://www.zerohedge.com/article/32-states-now-officially-bankrupt-378-billion-borrowed-treasury-fund-unemployment-ca-mi-ny-w)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on May 22, 2010, 06:40:20 AM
Five-Oh said:
Quote
Bill.. The time you spend finding these commentaries by notables is valued...

Same here Bill-thanks.
IMO-your  posts are more credible  than those of  CNBC and BNN.
Keep up the good work...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: GPEX admin on May 22, 2010, 10:23:12 AM

Just like yesterday, I feel very much in ‘dah’ today.

Call me dense by whatever definition, but there’s something that no matter how hard I try, I just can’t seem to figure out.  In trying to tackle this great debt dilemma, I brave to label the populous as the ‘Haves” and the ‘Have Nots.’

We’ve got the blue-collar and the white-collar, and I know for certain it’s not the blue-collar that’s amassed these big debts…. for we’s the working element, and are those who’s life-blood keeps getting drained to the very last drop by Mr. White-Collar dudes, who just happens to be the bigger benefactors of the product of our sweat.  Yet, it is they who fancies up with diamond-studded tiepins as they sit around in boardrooms to plot and scheme how they’re going to leech even more from us for their Cayman accounts.  While we sit in bewilderment.  Okay, so we know the ‘Haves’ are banking their booty (spoils) while weeping out, sorry, but you’re just going to have to pick up the tab, Pete, George, Harry and Mary.  And like good little soldiers we refrain from even thinking about levying a ‘na as our masters keep driving us further and further into the ground.

Now, back to my dilemma.  Apparently ‘Mr. Have,’ who has borrowed money, just like all his other close cousins, and as noted, they keep passing the buck (debt thereof) over to we.  Look about, no matter where on the chain, from local businesses to municipal administration, from provincial and state seats of business to even countries, they are all moaning about heavy debt burdens, of which the dollars they steal from our pockets can’t even begin cover the interest payments, let alone the principal.  Well, seems to me I smell something very fishy, here. For my big question is - - “to who exactly is it that all this debt is owed?”  According to the White Collars, somebody somewhere owns us lock, stock and barrel.  But - - Who?

I now realize I might even have a second question, or a third or a fourth - - what if we, the ‘Have Nots’ just quit paying for all this White-Collar extravaganza and let all the ‘Haves’ go into default, while we simply bury our then new-found-riches in a tin can in the backyard, safe away from their grubby feelers?  I smell a brainwashing plot going on, here.  Is every person, every country, every everything going to then just shrivel up and blow away?  Or might the scene be that whosoever this grandeur financier might be, is then planning a stake-burning party for all our Cayman Account friends in high places?   Yippi ki ya…. mommy, oh mommy please, I wanna go !
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 22, 2010, 12:47:02 PM

Well, seems to me I smell something very fishy, here


One of the big parts of the problem is; interest rates have been kept artificially extra-low since approx. 2005/2006 ... that's allowed an extra large massive build-up in global debt ... low interest rates mask alot of problems (some Economist's call/refer to artificially low interest rates as: "kicking the can down the road")... low interest rates also allow consumers and politicians to keep overspending...  but artificially low interest rates just compounds future problems. There's a huge pyramid/web of interests who like extra-low interest rates, but some of those near the top of the pyramid include ...

(http://www.hermes-press.com/sss_05.jpg)


(http://home.comcast.net/~ejwoodall/CFR_Oval_Office.jpg)


(http://understory.ran.org/wordpress/wp-content/uploads/2009/10/Gas-Price-Cartoon.jpg)
















Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on May 23, 2010, 07:42:57 AM
Quote
interest rates have been kept artificially extra-low

Lets not forget those low interest rates also led to the mortgage crises 2 years ago and another round of defaults is coming again, real soon.
Those big  banks who knowingly bundled up all of that pathetic property debt, made billions and then quickly unloaded it on unsupecting governments, pension plans and foreign banks around the world, who trusted them,  should either be made to pay everybody back or be put in jail, plain and simple!  Don't hold your breath-it aint goin to happen and I'll just bet you can guess why not...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 23, 2010, 08:47:01 AM
Legendary Investor Is More Worried Than Ever ...

MAY 22, 2010 --  Seth Klarman is worth listening to... his three private partnerships have returned an annual average of around 19% since inception in 1983—and nearly 17% annually over the past decade.... to measure Mr. Klarman's importance as an investor, you need only see the value his rivals place upon his words. You could have earned at least a 20% average annual return since 1991—better than twice the performance of the market—merely by buying and holding Mr. Klarman's book, "Margin of Safety": Published that year at a cover price of $25, hard copies now fetch up to $2,400.

But the professorial Mr. Klarman speaks in public about as often as the Himalayan yeti. He made an exception last Tuesday, when I interviewed him in front of a standing-room-only crowd of 1,600 financial analysts ... some members of the audience gasped audibly when Mr. Klarman said, "The government is now in the business of giving bad advice." Later, he got more specific: "By holding interest rates at zero, the government is basically tricking the population into going long on just about every kind of security except cash, at the price of almost certainly not getting an adequate return for the risks they are running. People can't stand earning 0% on their money, so the government is forcing everyone in the investing public to speculate." ... cont ...

The Intelligent Investor: You Should Be Worried - WSJ.com ... (http://online.wsj.com/article/SB10001424052748704167704575258442772338282.html)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: GPEX admin on May 23, 2010, 11:58:14 AM
My question, remains - - Who exactly is it, that’s holding the grand ‘marker’ for all this debt?

Does anybody have a logical answer to this?

For whoever it is, or whatever all this is sanctioned under, is surely the business model to follow.  Or is it, nothing short of the grandeur deception of all time by those fabricating circumstance to gain a greater control?  Hmmm, another interesting question, indeed !  <-waiting->

Saving and excepting the so called ‘speculator,’ as for these analysts or so called predictors, I’ve never held one bit of fancy for them at all, as I strongly feel they’re little else than inside financial hit-men, who come out of the woodwork with all their prophesizing on behalf of whoever it is that’s being preached about, and whom of which stands to gain the most in their preconditioning of the public into a gradual acceptance of getting shafted.

Just like Monsieur jumping into the limelight on the tube, predicting that a gasoline price increase from the current $1.04 a litre to $2.00 a litre, is likely to occur by September.  And this dude’s face keeps reappearing in the news week after week, softening the public’s resistance until September rolls around and, Whammo, the $2.00 factor which has now become the silently accepted has jumped to $2.40 a litre, thus causing an explosion of protest. Yet, the fact remains, the oil companies and their silent partner-in-crime, our good old governmental-joint-benefactor, knows only too well, that we the driving public are not going to stay at home no more than we did before.  So the $2.40 runs its gauntlet until organized protests become too great, and seemingly like a big favor to us, the price at the pump is then rolled back to the $2.07 per litre tag.  Physcologically, we then feel so humbly grateful that we most willingly satisfy to dishing out the (originally targeted) $2.00 price tag, plus that seven cents more. Three to six months later, we start hearing about how this poor oil baron needs a new jet so the gas price once again starts inching upward - - a smidget at a time ($2.12 then $2.13), as we become more and more accepting of each new fluctuation, and penny by penny we thrust even more billions monthly into the pockets of these Oil Lords.  For those oblivious to the underlying mechanism of all this, I’ve got news for you, at any given time there are so many glutton hands riffling through our wallets that it would shock the dead clear out of their graves.

So - - where and when might it all stop? - - nowhere and never !!  Unless, of course, we the general public lower the hammer on all this nightmarish manipulation and stand up to do something about it.  I don’t mean simply boycotting a business or a company, I mean total abstinence from buying their product altogether, so that, one company at a time, literally folds - - never more to regain their losses and never more to open a new door.  One after one, weed the patch, until the remaining few then gets the picture and decides to play ball.  For certain, one of them will jump on the bandwagon to treat the hand that feeds them in a more humanely fashion.

Who do we have to blame for all this?   It’s surely not the back-stabbing money-hungry glutton trying to get filthy rich from our sweat and blood, for the answer is, it’s Ourselves - - for letting it happen to begin with.  And until such time we the people ‘take back’ that which we are day-by-day getting raped of, this whole vicious scenario is just going to keep right on churning.

Another instrument of all this (against us) mechanism, is the media, their greatest saber of all.  For without it, the lustful-money-hungry rapists would then have no preconditioning source through which to soften our ever fragile minds.  I dare say, unplug our TV’s and radios, cancel our newspaper subscriptions, and satisfy to a bit more subtle lifestyle, and we just might have a few nickels left over to open one of those long-forgotten about things called a Savings account.  And in that I surely don’t mean within the rip-off banking institutions who thrive off your hard earned dollars, but rather pop those coins in that tin can in the backyard, where they are safe from financial institution manipulations and the grip of our ever-starved governments.  Your control over your own destiny.  Sadly, we now look at it, as, getting something for nothing - - well, truth of the matter is, nothing worth having ever came about that way.

Yeah, I guess all this is talking about how to fix your own monetary investing world - - it’s easy - - just say NO to following the swift talking market analysts !  Quit playing the markets and making others filthy rich while you wind up the loser - - put any spare change into a sound investment at your local level.  Or better yet, keep the coinage tucked safely away.  When it’s time to one day use it, at least you’re not going to get taxed again on the same money you already paid tax on, to get. 

So much for my two-cent investment tip regarding the pilfering arts of others, thank you for indulging, and please now excuse me, for I think I have to go barf.

Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 23, 2010, 05:55:06 PM
My question, remains - - Who exactly is it, that’s holding the grand ‘marker’ for all this debt?


There is number of entities clustered around the top of the debt pyramid ... the upper echelon of the debt pyramid is the bond market ( The Bond market - Wikipedia Encyclopedia (http://en.wikipedia.org/wiki/Bond_market) ) ... the Greek debt crisis primarily involves the refinancing of their bonds...  these 2 video's do a fairly good job of peeling back the layers of the onion and explaining the bond market -  the first video is basically an intro to the empire of debt, then the 2nd video covers the bond market ...


      YouTube
            - Renaissance 2.0: Lesson 1 - Revisiting American History - Financial Empire
    (http://www.youtube.com/watch?v=l37RhdFGVsM)



      YouTube
            - Renaissance 2.0: Lesson 2 - Revisiting Economics 101 - Debt
    (http://www.youtube.com/watch?v=BGTBkNJ8ZWI)


Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 23, 2010, 09:14:35 PM
The Only Currency That Can't Be Printed On A Whim ...

2010-05-24 --  ...... Today, however, gold has reverted to its historical role as the global currency of the last resort. You no longer buy it because you think the Chinese and Russians are likely to up their consumption of gold-plated mobile phones. You buy it because you think there is a chance that governments, caught in a debt trap from which there is no honourable escape, will eventually think they have no choice but to print their way out of it. And the risk of hyperinflation is a transformational event for gold -- it being the only global currency that can't be printed on the whim of a central bank.... cont ...

The only currency that can't be printed on a whim | Gold Anti-Trust Action Committee (http://www.gata.org/node/8670)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on May 24, 2010, 07:14:12 AM
Quote
My question, remains - - Who exactly is it, that’s holding the grand ‘marker’ for all this debt?
Larry:  To cover their debt the U.S. government has issued bonds which, we're being told, is held mostly by the BRIC countries and individuals in foreign countries where the economies are failing and there is a flight of capital to the U.S. for safety (????) That's the short (pardon the pun)  answer but the consequences of these actions is where everything gets interesting.  For example we're told China is unloading their U.S. debt for U.S. property as they fear devaluation of the greenback and the bonds they are holding will become less valuable as the U.S. dollar deflates and China, in turn, won't let their currency value (Yuan) rise to it's proper valuation. They like the balance of trade right where it is. China's  supposedly also buying gold, systematically.  Will the U.S. dollar fall in value? Will there be a trade war or embargos?
Further consequenses of the above example will no doubt get even more confusing as we experience further mortgage failures and unemplyment in the U.S. and then around the world, which will then lead to demand destruction and things like $40/barrel oil again.
It's all paper-currencies, treasury bills and government bonds.  It'll  take experts smarter than us to figure out where it's all going to end. Maybe they don't know either. ^#!
...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 25, 2010, 03:28:34 PM
Chinese investors spooked from recent shocks in currency/stocks/real estate turn their attention towards the safety of Gold ...


      YouTube
            - Chinese dumping worthless currency for gold (17May10)
    (http://www.youtube.com/watch?v=SbUvvfJakfI)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: honeyman76 on May 25, 2010, 03:54:44 PM
Quote
My question, remains - - Who exactly is it, that’s holding the grand ‘marker’ for all this debt?
Larry:  To cover their debt the U.S. government has issued bonds which, we're being told, is held mostly by the BRIC countries and individuals in foreign countries where the economies are failing and there is a flight of capital to the U.S. for safety (????) That's the short (pardon the pun)  answer but the consequences of these actions is where everything gets interesting.  For example we're told China is unloading their U.S. debt for U.S. property as they fear devaluation of the greenback and the bonds they are holding will become less valuable as the U.S. dollar deflates and China, in turn, won't let their currency value (Yuan) rise to it's proper valuation. They like the balance of trade right where it is. China's  supposedly also buying gold, systematically.  Will the U.S. dollar fall in value? Will there be a trade war or embargos?
Further consequenses of the above example will no doubt get even more confusing as we experience further mortgage failures and unemplyment in the U.S. and then around the world, which will then lead to demand destruction and things like $40/barrel oil again.
It's all paper-currencies, treasury bills and government bonds.  It'll  take experts smarter than us to figure out where it's all going to end. Maybe they don't know either. ^#!
...Wil


The latest on the news is that people are actually buying up US Dollars which is why currencies around the globe are going down, including the canadian dollar which lost 2 cents today!
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on May 26, 2010, 06:49:09 AM
Quote
The latest on the news is that people are actually buying up US Dollars

That's the "Flight to Safety" mentioned above.  Poorer governments and people living in poorer countries are buying U.S. dollars to preserve their savings, wealth, investments, etc. as their own currencies continue to fall in value. If it wasn't for this flight to safety many feel the U.S. dollar would be falling right now.  Australian and Canadian dollars are considered very safe but most don't know this---our countries are small potatoes compared to the big boys like China, Germany, U.S. and don't get much press.  Also, as commodities fall in price so does the Aussie and Canadian dollars since such a large proportion of our respective countries depends on natural resources (commodities), including oil.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: honeyman76 on May 26, 2010, 02:15:38 PM
Our GDP is 1.2 Trillion. A small sum compared to the US. I guess thats why people are buying up US dollars
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 26, 2010, 05:28:08 PM
Greeks Paying Over $1,700 US Per Ounce For Physical Gold ...

May 26/2010 ... the Greek Central Bank is selling one ounce gold equivalents are as high as $1,700 (40% over spot), and prices on the black markets are even higher... A popular spot for street vendors to sell their coins is near the Athens Stock Exchange...  there the traders wait for citizens to bring payments received from unloading their paper assets like stocks and bonds...


Greek Scramble For Physical Brings Gold Price To $1,700 Per Ounce | zero hedge ... (http://www.zerohedge.com/article/greek-scramble-physical-brings-gold-price-1700-ounce)

Panicky Greeks Paying Over $1,700 Per Ounce For Physical Gold - Coin Update News ... (http://news.coinupdate.com/panicky-greeks-paying-for-physical-gold-0293/)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Chuxgold on May 26, 2010, 06:34:56 PM
Hay bill.
Are there any countries left, that are still on a gold standard? Or is that even poseble with the rest of the world off of it?
Could be some interesting facts to show from ones that held on to it.
Chuck.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 26, 2010, 07:18:18 PM
Are there any countries left, that are still on a gold standard? Or is that even poseble with the rest of the world off of it?

To my knowledge there are none... I think one of the outcomes of the credit/debt crisis will be some type of a re-introduction of some type of hybrid Gold standard, because, without some type of a linkage system, the debt problem will not get resolved.

The Petrol Dollar is probably the closest thing to a modern Gold standard ... however, as we've recently seen, the Oil price is going down, while the Gold price has been going up. One of the Petrol Dollar flaws is = you can't store a barrel of Oil in your bank or your house.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 26, 2010, 09:34:16 PM
States Start to Chip Away at Retirement Benefits ...

Euro-zone bailout is shaping up as a “coming attraction” of what we’re about to see across the United States... cash-strapped states are beginning to scale back public-employee retirement benefits to address their fiscal woes.... Northwestern University business school professor Joshua Roth  estimates that as many as 20 states could see their pension funds run dry by 2025; and that was assuming a rather generous 8 percent return on their investments.

States Start to Chip Away at Retirement Benefits - CBS MoneyWatch.com (http://moneywatch.bnet.com/retirement-planning/blog/retirement-beat/states-start-to-chip-away-at-retirement-benefits/614/)

(http://1.bp.blogspot.com/_OvySa7rUr_o/S6pZeqv6IiI/AAAAAAAACOE/2M3c8X05Vrw/s1600/Image-726238.jpg)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 27, 2010, 10:40:22 AM
Miami Budget Begging for Bankruptcy ...

May 25, 2010 .... One commissioner says bankruptcy might be the City's only hope...


 Miami Budget Begging for Bankruptcy | NBC Miami ... (http://www.nbcmiami.com/news/politics/Miami_Budget_Crisis_Miami.html)


===================================================


New Jersey Careening Toward Becoming Greece ...

May 25, 2010 .... New Jersey Governor Chris Christie said the state is “careening our way toward becoming Greece” and can’t afford the cost of benefits and pensions for current workers...

New Jersey Careening Toward Becoming Greece - Bloomberg ... (http://preview.bloomberg.com/news/2010-05-25/new-jersey-careening-toward-becoming-greece-as-costs-rise-christie-says.html)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Chuxgold on May 27, 2010, 01:16:06 PM
Are there any countries left, that are still on a gold standard? Or is that even poseble with the rest of the world off of it?

To my knowledge there are none... I think one of the outcomes of the credit/debt crisis will be some type of a re-introduction of some type of hybrid Gold standard, because, without some type of a linkage system, the debt problem will not get resolved.

The Petrol Dollar is probably the closest thing to a modern Gold standard ... however, as we've recently seen, the Oil price is going down, while the Gold price has been going up. One of the Petrol Dollar flaws is = you can't store a barrel of Oil in your bank or your house.
So what do you think it is that is holding back the first to go back. Why are we locked to this action? And don't think for a instant I ask looking for a ancwer. I ask, so I can say. One world goverment! One more time. Before its my last. When it all starts to go down. The only option is to erase all debt. And the only way any one agency could have the say to make it happen. Would have to be in power over all.
Any country standing in the way. Will be plowed under. Mabey even nuked as a exzample of the new goverments power. Could be even wind up as the armagedin that was suposed to detrouy the world. But destroyes all we have built insteed. Leaving us with a dieing world tourcherd madness of slavery and toltarian rule. 
Everyone thinks it would take a long time for any of it to reach say us in the us. The begining is the end.
I am more than a believer in natral powers that at some point trump ares. When we acheave total destrction of are world state of mind.
We may have waisted are freedom being free to decide for are selves. Wanting stupid things like power over each other. Hew has got the most?!
Were all making this hapen. We were desinged by it. To coase it. By faith.
There is not many of the mind of the thinker left. To make a balance. I'm trying, but I know I am flowed by the same thing that should realy destroy me. But can't reach me. I have been thru, and seen to much. Emoitional pain is my toy. A mecanisem.   Only the spierichual holds sway over me. You could say I believe I have reached past sanity into the meadiphisical
The thinkers have been removed by critisisems of science controled by religion. I know the ridicule for speeking of something that I only know thru the  laws of a abstract nature of laws. Only those that seek to enslave or miss lead us need proof, to deny those laws. There argument usaly is based on somthing already said or dun by some one ells. The thinker knows no gain from it so promotes nothing. And speeks only from self understood knowledge.
I only loose it when I try to twist or tie others ideas to my own.
I  know I can hear. What a bunch of crap. When I am  trying to get rich selling from it. You all just wait to see what I have to offer for crap. At the pitance I will be asking.  I am giving much more than I take. But I must take something. Or I would not be able to see thru it to anywere. Everything has a costs! And in this new world "nothing" is free. Could be why we can no longer aford it.
The new standard could be the humon soil. For no one will be able to aford to live. Without a debt to the state. Slowly we will become owned. Thru owing more than we could ever pay back. To just servive.
Chuck.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Chuxgold on May 27, 2010, 07:00:57 PM
Sorry about the temper. But I am not feeling well from a flew. Be glad I held off till I felt a little better. What I had written yesterday. Scared even me. With no way out escape talking the things that no one understands. Alien understandings of things that are all around us. Just because we have eyes dues not mean all is seeable with them. To many years of being told what to see and what not to see. Denial can be taught. And with generations, worshiped until the truth is only a man made creation. Free of the earth and universe.
I am sorry Bill. But I can't pass up the opportunity to make my case heard.
There is no way to start a post about something so deep and heavy. But can be tagged to the one you started because it speaks of asking the question. Why?. Its not just about money.
I never get replies. So should not interfere with your post. If some one wants to discuss any of it.  You can always PM me
Truth is a path. One that takes us to are ultimate discontinuity. Either we pass thru it or are adsorbed by it. Ones that can  pass it by. Do so by possessing only continuity to the universal truth. And Go on to do universal work right away after transformation.  No purgatory! Don't be jealous. The power to transform is in us all. Just not all get the good jobs. And it may take A eternity to rise. If totally demonic in life. But all are cleansed in time.  Like I have said sorcery is not something you can't seek. It finds you if your ready. The danger is that the test can kill everything you are. A true oblivion. No resurrection. Nothing left. We are capable of carrying conections to energies out side tht realm and scope of sience. But without truth there is no purpose for it. It has no effect on this plain. And ones connected with the other must be used.
So I write! Thru words I can give some understanding to why and how the world has been made as it is. Its not a mistake! But to say its intentional would be misleading.
Some one cast a stone back in time. And where we are is what fell. The abstract sees us like a ant farm. It cares. But only about the hole. It takes something special to break from the world, Then from self. To escape the cage of time.
It takes even more to do it in this life.  Running into curtain battle. That is a obviously going to kill you. But doesn’t if worthy. A trip that takes many years. And dues not happen overnight. With lots of time to be tripped up. And start to fear the unknown. Only the truly strong may pass from life to view its wonders. Strong with a truth that applies only there. There, it is strength. Here, it can only be mental power over ones own thoughts. Allowing for a even greater understanding By the time of the discontinuity.  Educating the entire self. Not just the mind. The gut has a brain too! With even more nerve endings than the brain in the head.  The entire body can learn to remember. And be made into one working thing. It is what it takes to extrapolate vast equations into a visible form that that can  show what is truth and what is dilution. That, with time. Makes the sorcerer. Makes them able to see abstractly in there dreams. Because the gut brain dues not sleep.
I will find some where ells To elaborate further. And think that is enough for now.
Do feel free to PM me. Even if to argue. I like the tests of my knowledge. Its been hammerd on for so long. That There is nothing that could hurt it now. Wheather it looks like it or not my sanity is snugly in my pocket. I'll tell the tale some time of when I  I found a true testing at te local mental health. They lost two of there three tharapists. And four councellers. I felt bad at the time. There are thousands that go there for help.
So if youve got it, bring it on.
Chuck.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 27, 2010, 09:10:52 PM


One world goverment!

There's an interesting new internet documentary that was released about a month ago that delves into the realm of N.W.O. theories ... I've only had time to watch approx. the first hr. so far... it sheds light upon the elite special interest groups like the C.F.R. and the Tri-Lateral Commission ...


      YouTube
            - Invisible Empire A New World Order Defined Full (Order it at Infowars.com)
    (http://www.youtube.com/watch?v=NO24XmP1c5E)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on June 03, 2010, 12:58:55 PM
A recent speech by Marc Faber on global economics ... talks about artificially low interest rates, monetary policy ... an hour long speech, but worth watching, imo...


      YouTube
            - Mirror, Mirror on the Wall, When is the Next AIG to Fall? | Marc Faber
    (http://www.youtube.com/watch?v=H0sS6a9RW2E)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on June 04, 2010, 10:06:00 AM
Friday, 4 June 2010 -- The value of Hungary's currency has fallen sharply against the euro on fears the country could be facing a Greek-style debt crisis ...

BBC News - Hungary debt fears worry markets ... (http://news.bbc.co.uk/2/hi/business/10238928.stm)




      YouTube
            - Going broke in Hungary
    (http://www.youtube.com/watch?v=KWQ9o8e713o)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on June 05, 2010, 10:03:06 AM
A recent speech by Marc Faber on global economics ... talks about artificially low interest rates, monetary policy ... an hour long speech, but worth watching, imo...


      YouTube
            - Mirror, Mirror on the Wall, When is the Next AIG to Fall? | Marc Faber
    (http://www.youtube.com/watch?v=H0sS6a9RW2E)

If you haven't taken an hour to watch this video, you really should ... when you see guys like Marc Faber on CNBC for 5 minutes, it's hard to see just how much knowledge they pack around in their head ... watch this video, and I guarantee you'll learn a thing or 2... Faber's been working Wall Street since 1970 - that's 40 years of hard-core hands-on investment experience.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on June 07, 2010, 05:17:40 PM
June 7/2010 -- Solvency Concerns May Weigh on the Euro for Years ...


      YouTube
            - Nixon Says Solvency Concerns May Weigh on Euro for Years: Video
    (http://www.youtube.com/watch?v=ys7VzJ9WvbU)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on June 07, 2010, 10:02:05 PM
A recent speech by Marc Faber on global economics ... talks about artificially low interest rates, monetary policy ... an hour long speech, but worth watching, imo...


      YouTube
            - Mirror, Mirror on the Wall, When is the Next AIG to Fall? | Marc Faber
    (http://www.youtube.com/watch?v=H0sS6a9RW2E)

If you haven't taken an hour to watch this video, you really should ... when you see guys like Marc Faber on CNBC for 5 minutes, it's hard to see just how much knowledge they pack around in their head ... watch this video, and I guarantee you'll learn a thing or 2... Faber's been working Wall Street since 1970 - that's 40 years of hard-core hands-on investment experience.

ZeroHedge.com just put the above Marc Faber interview on the front page of their web site tonight calling it a ... "Must Watch 2010 Presentation" ...

Marc Faber's Must Watch 2010 Presentation | zero hedge ... (http://www.zerohedge.com/article/marc-fabers-must-watch-2010-presentation)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on June 08, 2010, 12:42:35 PM
If your doing business or have a big contract with a US city or municipality ... going forward; you might want to do your due-diligence on whether they can pay your bill(s) first ...


      YouTube
            - Palmer Says Cities Should Try Restructuring Out of Court: Video
    (http://www.youtube.com/watch?v=r71ILQlRW84)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on June 08, 2010, 11:34:06 PM
Dow Theorist Richard Russell Says: "You Won't Recognize America By The End Of The Year" ...

Richard Russell, the famous writer of the Dow Theory Letters, has a chilling line in today's note;

"batten down the hatches" because there's a HARD RAIN coming.... If I read the stock market
correctly, it's telling me that there is a surprise ahead. And that surprise will be a reversal to the downside for the economy, plus a collection of other troubles ahead...

Dow Theorist Richard Russell: Sell Everything, You Won't Recognize America By The End Of The Year (http://www.businessinsider.com/dow-theorist-richard-russell-sell-everything-liquid-you-wont-recognize-america-by-the-end-of-the-year-2010-5)



I originally thought Richard Russell was being a little overly dramatic with the headline in his article ... but now, it looks like he might have nailed it.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on June 11, 2010, 10:21:15 AM
Friday, 11 June 2010 -- Japan Prime Minister warns of collapse under debt pile ...

Japan is at "risk of collapse" under its huge debt mountain, the country's new prime minister has said...

BBC News - Japan PM Naoto Kan warns of collapse under debt pile ... (http://news.bbc.co.uk/2/hi/business/10290933.stm)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on July 02, 2010, 12:35:24 PM
Friday, Jul. 2, 2010  -- Schwarzenegger orders 200,000 state workers onto minimum wage ...

Governor puts 200,000 state workers on minimum wage ... (http://www.sacbee.com/2010/07/02/2864614/governor-puts-200000-state-workers.html)

Now that brings new meaning to the phrase "Government Mule"...

(http://ecx.images-amazon.com/images/I/41D8EVW1PRL._SL500_.jpg)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on July 13, 2010, 08:51:07 AM
July 12, 2010 -- China's leading credit rating agency has stripped America, Britain, Germany and France of their AAA ratings

Dagong Global Credit Rating Co used its first foray into sovereign debt to paint a revolutionary picture of creditworthiness around the world, giving much greater weight to "wealth creating capacity" and foreign reserves than Fitch, Standard & Poor's, or Moody's.

Chinese president Hu Jintao said in April that the world needs "an objective, fair, and reasonable standard" for rating sovereign debt. Dagong appears to have stepped into the role, saying its objective was to assess countries using methods that would "not be affected by ideology".

"The reason for the global financial crisis and debt crisis in Europe is that the current international credit rating system does not correctly reveal the debtor's repayment ability," said Guan Jianzhong, Dagong's chairman.

The agency, known in China for rating companies, said its goal is to "correct the defects" of the existing system and offer a counter-weight to Western agencies...

Chinese rating agency strips Western nations of AAA status  - Telegraph ... (http://www.telegraph.co.uk/finance/china-business/7886077/Chinese-rating-agency-strips-Western-nations-of-AAA-status.html)



      YouTube
            - China's own sovereign credit rating report unveiled - CCTV 100712
    (http://www.youtube.com/watch?v=LU4u0E_2ai4)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on July 13, 2010, 12:53:01 PM
The city of Long Beach California plans to tax Medical Marijuana to help cover the city's budget deficit...


      YouTube
            - Long Beach's Farrell Discusses Proposed Marijuana Tax: Video
    (http://www.youtube.com/watch?v=mbv2LdBmxQ4)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 08, 2010, 09:42:29 AM
September 8, 2010 -- When Harrisburg Pennsylvania last week announced it would miss a payment on it's general obligation bonds, headlines once again centered on potential trouble with a wider swathe of the $2.8 trillion municipal bond market.... Pennsylvania's capital city on Wednesday said it would skip a $3.29 million payment on some city bonds...


Harrisburg Default Adds to Muni Woes - SmartMoney.com ... (http://www.smartmoney.com/investing/bonds/harrisburg-default-adds-to-muni-woes/)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 13, 2010, 06:01:55 PM
Monday Sept. 13, 2010 -- Most Canadians just living paycheque to paycheque ...

The Canadian Payroll Association asked 2,766 people about their financial situation and found 59 per cent of Canadian employees would have trouble making ends meet if their paycheque was delayed by a week.... The Canadian Payroll Association report highlights concerns expressed by financial experts and the Bank of Canada that Canadians are living with too much debt and could be stretched when the real interest rates rise...

Most Canadians living paycheque to paycheque - CTV News (http://www.ctv.ca/CTVNews/Canada/20100913/living-paycheque-100913/)

Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on September 14, 2010, 06:29:04 AM
I can see property values maybe dropping like a rock in places like Vancouver, B.C.  How some of these ancient wooden shacks can sell for  in excess a million bucks there is beyond me!  Might be another 'culi-phoooon-yeeah" real estate market crash in the works...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 14, 2010, 08:30:42 AM
I can see property values maybe dropping like a rock in places like Vancouver, B.C.  How some of these ancient wooden shacks can sell for  in excess a million bucks there is beyond me!  Might be another 'culi-phoooon-yeeah" real estate market crash in the works...Wil

There's alot of new money coming into Vancouver from mainland China right now ... the Chinese Govt. recently invoked some new rules in mainland China to curb the development of an excessive real estate bubble; they dramatically increased the equity ratio required for investment properties, as a result, alot of money that would have gone into the Chinese real estate investment market is making it's way into Vancouver, thus putting an artificial floor under prices.

The big turning point in real estate will come one day when interest rates start heading back to historical norms - then KA-BOOM... however, Govt's around the world are trying to keep interest rates artificially low in order to keep their hands in the kitty for as long as possible, and they may succeed at keeping rates low for a while yet.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 14, 2010, 01:10:57 PM

Govt's around the world are trying to keep interest rates artificially low


Sept 13/10 -- The European Central Bank bought €237m of government bonds last week – the biggest amount since the middle of August – in a sign of continuing problems in the eurozone... Traders said the ECB bought Greek, Portuguese and Irish bonds last week as the extra premium these so-called peripheral eurozone markets have to pay in interest rates...


FT.com - ECB bond buying signals new strains ... (http://www.ft.com/cms/s/0/19eaede2-bf5d-11df-965a-00144feab49a.html?ftcamp=rss)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 15, 2010, 08:56:59 AM
Sept 14/10 -- IRA says it will start targeting UK bankers ...

Banks and bankers are now potential targets for the Real IRA, leaders of the dissident republican terror group have warned... the bankers grease the politicians’ palms, the politicians bail out the bankers with public funds, the bankers pay themselves fat bonuses and loan the money back to the public with interest. It’s essentially a crime spree that benefits a social elite at the expense of many millions of victims.

... IRA's recent activity has been a wave of so-called "punishment" shootings and beatings of those they deem "antisocial elements" in nationalist working class areas. In Derry alone the Real IRA and other aligned groups have shot around two dozen men over the last 18 months... The Real IRA's leadership was unapologetic over what its critics have described as "rough justice"...

IRA says it will target UK bankers ...  (http://www.guardian.co.uk/uk/2010/sep/14/real-ira-targets-banks-bankers)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 15, 2010, 07:51:42 PM
Professor Laurence J Kotlikoff say's the United States is already technically bankrupt ... when off-balance sheet accounting and unfunded liabilities are accounted for, the real debt of the US Govt. is just over $200 trillion... here's his audio interview ...

http://www.financialsensenewshour.com/broadcast/fsn2010-0911-2.mp3







Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on September 16, 2010, 06:11:43 AM
Quote
the United States is already technically bankrupt ... when off-balance sheet accounting and unfunded liabilities are accounted for, the real debt of the US Govt. is just over $200 trillion...


Bill:  So....if "Numero Uno's" bankrupt or technically bankrupt how will this affect us?  Wouldn't everyone then follow suit and if everyone's in the crapper at the same time  does it really matter?  How will it affect you, I and everyone else?

Just wondering.  Should we be buying gold or something? What's a good, defensive position to be in? ...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 16, 2010, 08:27:06 AM

Bill:  So....if "Numero Uno's" bankrupt or technically bankrupt how will this affect us?  Wouldn't everyone then follow suit and if everyone's in the crapper at the same time  does it really matter?  How will it affect you, I and everyone else?

Just wondering.  Should we be buying gold or something? What's a good, defensive position to be in? ...Wil

Hi Wil ... here's what the Chinese are doing ... I'll let the video speak for itself, as the Chinese are alot smarter than I...


    YouTube
        - The Chinese Gold Rush is On (SURVIVING THE NWO SERIES/ Economics/ Gold)
   (http://www.youtube.com/watch?v=EB4_bINmxb0)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on September 17, 2010, 05:59:12 AM
Hey Bill;
Unable to view video due to my Telus "Ultra Slow Speed Dialup" but it looks like Chinese are buying lots of gold.
BTW, yesterday some dude on CNBC reiterated the price of gold is going to $5,000 an oz. within a few years, so I guess the message for us folks on this forum is to hang on to our gold and wait.  ...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 28, 2010, 09:14:47 AM
Unable to view video due to my Telus "Ultra Slow Speed Dialup" but it looks like Chinese are buying lots of gold.

That's a big 10-4 Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 28, 2010, 09:17:07 AM
Ireland Faces Threat of New Downgrades ...

Sept 28, 2010 -- DUBLIN -- Two more credit rating agencies warned Ireland on Tuesday that its debt was at risk of being downgraded further, setting off another leap in borrowing costs ...

Ireland Faces Threat of New Debt Downgrades ... (http://www.nytimes.com/2010/09/29/business/global/29punt.html)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 29, 2010, 11:36:40 AM
The people of Spain begin to rise up against austerity cuts & govt. financial mismanagement ...



    YouTube
        - Austerity on Fire: Video of street battles in Spain as protests heat up
   (http://www.youtube.com/watch?v=5LmL5T9iNFI)



    YouTube
        - Europe Fury: People  rise up against EU cash machine with anti-austerity marches
   (http://www.youtube.com/watch?v=fW-k72409GY)



Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Guest on September 29, 2010, 03:56:38 PM
Bill_Carson,

Kinda wondering exactly what is the point you are trying to make with all these videos of doom and gloom, curious, there must be a specific issue you have in mind...............Guest
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: tomcat on September 29, 2010, 04:34:03 PM
Awe shoot Greywolf....I was going to go get some lumber to brace my roof.....I thought the sky was falling  <~ShOcK~>
Come to think....maybe I should take my money out of the bank...the sky might land on the bank  <-dont~know-> ;D :)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 29, 2010, 04:46:50 PM
Bill_Carson,

Kinda wondering exactly what is the point you are trying to make with all these videos of doom and gloom, curious, there must be a specific issue you have in mind...............Guest


Large macro financial trends generally tend to happen in very slow motion, and thus are very difficult to spot/understand ... this earlier video I posted from Dr. Marc Faber provides one of the better explanations as to whats been happening, and whats going to happen, it may not be the easiest info to understand, but he does a pretty good job of putting it into laymans terms; it's an hour long presentation but it's well worth viewing - if you had to buy a ticket to this 1 hr. presentation, you'd be looking at about a $1,000 per ticket ...


    YouTube
        - Mirror, Mirror on the Wall, When is the Next AIG to Fall? | Marc Faber
   (http://www.youtube.com/watch?v=H0sS6a9RW2E)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Guest on September 29, 2010, 05:14:40 PM
Sorry Bill,

All I see are suits and fat office people, nothing that relates to prospecting or small guy gold mining, have trouble relating to it, kinda thinking it is more for people speculating in the markets, not trying to find or recover gold in the field ..............Guest
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: juu907 on September 29, 2010, 05:45:56 PM
greywolf: thinking i must agree with you. though i have no use for suits not for funerals, weddings or anything else.as for fat people i have no problem with them. lots of them cant help it. and believe me there are plenty of underweights out there that are real pias.    jerry
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 29, 2010, 06:18:41 PM

Large macro financial trends generally tend to happen in very slow motion, and thus are very difficult to spot/understand ...


Here's another important video from Faber (from back in Feb 2010)... what's important to note in this video is;

(1.) The US faces bankruptcy within approx. 10 years ... and just so you know; when a country goes bankrupt, it does not file a regulatory bankruptcy filing, what happens is: the currency collapses in purchasing power ... if the US goes bankrupt as Faber says is likely, that'd mean the purchasing power of the US Dollar would be reduced substantially, translating to a Gold price of aprox. $5,000 or more.

(2.) He predicts the EU debt defaults 3 months before the first debt bombs started exploding in Greece.



    YouTube
        - Marc Faber: US govt will go bankrupt
   (http://www.youtube.com/watch?v=2qHD7-XVX4I)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Guest on September 29, 2010, 06:23:01 PM
Bill,
go get some ground and dig the gold outta it, then you will have no worries ..............Guest
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 29, 2010, 06:31:25 PM
Bill,
go get some ground and dig the gold outta it, then you will have no worries ..............Guest

Those steps are already well under way.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: tomcat on September 29, 2010, 07:23:39 PM
Hummmmmm....I think Bill just bought a heap of.... AME stocks.... in the soon and upcoming rape of our claims fees.....he can smell money without even turning one shovel of gravel.. ;D <-thinking->
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on September 30, 2010, 06:03:38 AM
This $5,000 per oz. keeps coming up from more and more "experts".  Makes you wonder where everyone's getting the number from-are these guys guilty of wild "guessing" or maybe just repeating  the same thing as the guy sitting next to them?  ...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on September 30, 2010, 06:11:58 AM
Quote
Awe shoot Greywolf....I was going to go get some lumber to brace my roof.....I thought the sky was falling 
Come to think....maybe I should take my money out of the bank...the sky might land on the bank   


The sky did indeed fall in on the banks 2 years ago and had more of us listened to the warnings we would still have our savings and pensions intact...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: honeyman76 on September 30, 2010, 07:27:04 AM
IN la la land here, but maybe they need to wipe the world debts and start from scratch again. I can't see this ending well for us Canadians. If the US goes bankrupt, we're buggered too. <-dont~know->
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Guest on September 30, 2010, 07:35:17 AM
I find that the things I have control over or can influence in some way, I think about now and then.

The things and issues that are out of my control, well I don't lose any sleep over or stress about, I don't waste my time on things like that, can always go prospecting, panning or fishing and have a reallly good day... [<-panning->] <-good_>..Greywolf
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 30, 2010, 12:42:04 PM
Sept 14/10 -- IRA says it will start targeting UK bankers ...

Banks and bankers are now potential targets for the Real IRA, leaders of the dissident republican terror group have warned... the bankers grease the politicians’ palms, the politicians bail out the bankers with public funds, the bankers pay themselves fat bonuses and loan the money back to the public with interest. It’s essentially a crime spree that benefits a social elite at the expense of many millions of victims.

... IRA's recent activity has been a wave of so-called "punishment" shootings and beatings of those they deem "antisocial elements" in nationalist working class areas. In Derry alone the Real IRA and other aligned groups have shot around two dozen men over the last 18 months... The Real IRA's leadership was unapologetic over what its critics have described as "rough justice"...

IRA says it will target UK bankers ...  (http://www.guardian.co.uk/uk/2010/sep/14/real-ira-targets-banks-bankers)


Cement Mixer Driven Into Gates Of Irish Parliament In Banker Bailout Protest ... I bet Larry's thinking to himself "if I could only get those BC Miners motivated too get off their butts like the EU citizens (instead of bickering on message boards) we could really kick some butt against these crooked mining fees increases"...


    YouTube
        - Cement Mixer Driven Into Gates Of Irish Parliament
   (http://www.youtube.com/watch?v=VqQYx34kvK8)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 30, 2010, 05:00:51 PM


Here's another important video from Faber (from back in Feb 2010)... what's important to note in this video is;

(1.) The US faces bankruptcy within approx. 10 years ... and just so you know; when a country goes bankrupt, it does not file a regulatory bankruptcy filing, what happens is: the currency collapses in purchasing power ... if the US goes bankrupt as Faber says is likely, that'd mean the purchasing power of the US Dollar would be reduced substantially, translating to a Gold price of aprox. $5,000 or more.

(2.) He predicts the EU debt defaults 3 months before the first debt bombs started exploding in Greece.



    YouTube
        - Marc Faber: US govt will go bankrupt
   (http://www.youtube.com/watch?v=2qHD7-XVX4I)


Highly respected Wall Street analyst Meredith Whitney says the US Federal Govt. will face pressure to start bailing out US states in approx. 12 months ...


            Whitney Says States May Need Federal Bailout in Next 12 Months - Bloomberg ...          (http://www.bloomberg.com/news/2010-09-30/whitney-says-states-may-need-federal-bailout-in-next-12-months.html)

Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 30, 2010, 07:59:39 PM
The global debt time bomb has now begun to detonate in South America; Police and Fire-Fighters in Ecuador stage a massive protest over Govt. cuts to the police and public safety budgets ...


    YouTube
        - Police Riot In The Streets Of Ecuador
   (http://www.youtube.com/watch?v=bjFrRPo5qSo)



    YouTube
        - Ecuador Unrest  President Rafael Correa Attacked In Unrest In Capital Quito Over Potential Cuts
   (http://www.youtube.com/watch?v=GP4iQXlKsBc)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on October 02, 2010, 12:09:30 PM


Here's another important video from Faber (from back in Feb 2010)... what's important to note in this video is;

(1.) The US faces bankruptcy within approx. 10 years ... and just so you know; when a country goes bankrupt, it does not file a regulatory bankruptcy filing, what happens is: the currency collapses in purchasing power ... if the US goes bankrupt as Faber says is likely, that'd mean the purchasing power of the US Dollar would be reduced substantially, translating to a Gold price of aprox. $5,000 or more.

(2.) He predicts the EU debt defaults 3 months before the first debt bombs started exploding in Greece.



    YouTube
        - Marc Faber: US govt will go bankrupt
   (http://www.youtube.com/watch?v=2qHD7-XVX4I)


Highly respected Wall Street analyst Meredith Whitney says the US Federal Govt. will face pressure to start bailing out US states in approx. 12 months ...


            Whitney Says States May Need Federal Bailout in Next 12 Months - Bloomberg ...          (http://www.bloomberg.com/news/2010-09-30/whitney-says-states-may-need-federal-bailout-in-next-12-months.html)




Oct 1/10 -- Meredith Whitney may be proven right that the municipal bankruptcies are about to make a full frontal appearance. Harrisburg has just requested a last minute rescue financing from the state Pennsylvania, as the alternative would be insolvency...

Harrisburg Requests Last-Ditch Rescue Financing From State ... (http://www.zerohedge.com/article/harrisburg-requests-last-ditch-rescue-financing-state-says-alterantive-full-blown-financial-)

BTW - Harrisburg isn't some back-water town tucked away in the swamps of the deep south - it's the state capital of Pennsylvania.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on October 03, 2010, 01:12:09 PM


Large macro financial trends generally tend to happen in very slow motion, and thus are very difficult to spot/understand ... this earlier video I posted from Dr. Marc Faber provides one of the better explanations as to whats been happening, and whats going to happen, it may not be the easiest info to understand, but he does a pretty good job of putting it into laymans terms; it's an hour long presentation but it's well worth viewing - if you had to buy a ticket to this 1 hr. presentation, you'd be looking at about a $1,000 per ticket ...


    YouTube
        - Mirror, Mirror on the Wall, When is the Next AIG to Fall? | Marc Faber
   (http://www.youtube.com/watch?v=H0sS6a9RW2E)


Notice how the debt explodes after the US went off the Gold standard in 1970's ...

(http://www.kitco.com/ind/Blasi/images/blasi_20100928.gif)

Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Guest on October 03, 2010, 03:29:26 PM
Bill,
I don' mind someone quoting me, but I really hate to be misquoted............................Guest
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on October 03, 2010, 03:49:48 PM
Bill,
I don' mind someone quoting me, but I really hate to be misquoted............................Guest

Oppps ... I was just taking out some of the quotes, as after a while, it gets hard to follow... I ended up deleting the wrong one... should be fixed now.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on October 04, 2010, 06:52:38 AM
Bill:
Quote
Notice how the debt explodes after the US went off the Gold standard in 1970's ...
At the risk of being a "nitpicker" wasn't it 1935?
Anyway, Faber and Whitney are both very smart people-I'd take them seriously.
...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on October 04, 2010, 10:13:28 AM
Bill:
Quote
Notice how the debt explodes after the US went off the Gold standard in 1970's ...
At the risk of being a "nitpicker" wasn't it 1935?
Anyway, Faber and Whitney are both very smart people-I'd take them seriously.
...Wil

Only temporarily, as the US was printing too much money for the war... they went back on a Gold Standard in 1944 via the Bretton Woods Agreement... then they went off the Gold Standard again in the early 1970's because they were printing too much money for war... if your internet connection is working better you might want to check out this video ...


    YouTube
        - Crash Course: Chapter 10 - Inflation by Chris Martenson
   (http://www.youtube.com/watch?v=afWqKcqntfs)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: honeyman76 on October 04, 2010, 10:30:24 AM
Lets suppose that tomorrow, the US dollar crashes. Can you imagine the call for gold in payment of work, rather then paper money??? The price of gold would jump through the roof with an ounce being worth probably 10 times what it is today!
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: honeyman76 on October 04, 2010, 01:32:30 PM
Here is another video. not sure, but it looks like the guy is dubbed??



    YouTube
        - The Dollar is now collapsing - Peter Schiff | Part 1
   (http://www.youtube.com/watch?v=NHyq-I7ep2w)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on October 05, 2010, 12:11:51 PM
Tuesday, October 5, 2010 -- Yesterday, Federal Reserve Chairman Ben Bernanke delivered a speech  before the the Annual Meeting of the Rhode Island Public Expenditure Council in Providence, Rhode Island. In the speech, he warned about the current state of the government finances. His conclusion, the situation is dire and "unsustainable"...

EconomicPolicyJournal.com: Bernanke: The United States is on the Brink of Financial Disaster ... (http://www.economicpolicyjournal.com/2010/10/bernanke-tells-truth-united-states-is.html)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: honeyman76 on October 05, 2010, 01:49:19 PM
aaaaaaaaaaaaaaaaaaaaa, The Sky is Falling!!! <-party-> Wish I could read a crystal ball to see what happens next
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Traveller on October 07, 2010, 09:37:17 AM
"Gold is the currency of kings; silver is the currency of gentlemen; barter is the currency of peasants; but debt is the currency of slaves."
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: honeyman76 on October 07, 2010, 11:41:45 AM
Gold looks to be at $1335 per troy ounce
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: tomcat on October 07, 2010, 11:51:34 AM
It was at 1360....somebody made a bit of coin   and then buy it back at 1335  hummm
I wish I had a few thousand ounces  ;D <-thinking-> <-unsure_>
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on October 07, 2010, 05:53:03 PM
There's a new major financial scandal emerging in the US (bluebeard has also mentioned it in another thread) ... this new scandal is complex, and it's going to take months for it's essence to bubble to the surface .... it's centered the foreclosure process of homes in the US ... it's going to an add years onto the US housing crisis, it's going to compound the debt problems around housing and securitization, and it's going to have repercussions into a number of other areas ... some of those Canadians who rushed down into the states to buy foreclosed homes, may soon be facing some serious problems ...



    YouTube
        - Rep Alan Grayson: National Foreclosure Fraud Crisis
   (http://www.youtube.com/watch?v=aI_5J9CyGPk)



    YouTube
        - CNBC LIES:  THE FRAUD IS IN REMIC, MERS, MBS AND CDO'S 10-4-2010
   (http://www.youtube.com/watch?v=dvQYvVntpss)



    YouTube
        - Ohio's Cordray Interview About Lawsuit Against Ally - Video - Bloomberg.flv
   (http://www.youtube.com/watch?v=u6E6nMfsUZU)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on October 08, 2010, 07:05:38 AM
There's could also be still another major problem looming-it's been rumored many of the 'quasi' financial institutions and maybe some banks have issued gold bullion certificates and don't have enough gold bullion in their vaults to back them up.  Some are saying the shortfalls are massive!  And they're even charging their customers storage/rent on the non-existant gold bars!!!!  UNBELIEVABLE!
Anyone else heard of this? Does all this fraud ever end? ...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: bluebeard on October 08, 2010, 07:49:14 AM
Hey Will.... couple the non-existent gold bars, the tungsten plated gold bars, the paper gold, the mortgage foreclosure mess, the savings and loan mess 10 years ago, the multi-trillion bailout of the banks which created the mortgage mess, the fact that NO ONE has gone to jail from the big banks, the central banking fraud and many more frauds that haven't been discovered yet, an somewhat awake person would start to think there may be some criminals involved with the "prestigious" bankers. Now, I wouldn't want to idly jump to conclusions here, but maybe that is the reason that there is a mass exodus out of the stock market in the US. The sheeple may be waking up......   
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on October 08, 2010, 11:22:33 AM
"Robo-Signing" Paperwork Breakdown Leaves Hundreds of Thousands of Houses in Foreclosure Limbo ...


    YouTube
        - 'Robo-Signing' Paperwork Breakdown Leaves Many Houses in Foreclosure Limbo
   (http://www.youtube.com/watch?v=rzA3sOBByzc)




Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on October 08, 2010, 08:16:39 PM
"Robo-Signing" Paperwork Breakdown Leaves Hundreds of Thousands of Houses in Foreclosure Limbo ...




More on the fraudulent home loan foreclosures ....


    YouTube
        - Fraudulent practices in bank foreclosures exposed
   (http://www.youtube.com/watch?v=vJLT1AvXYEY)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on October 09, 2010, 10:12:31 AM
.... those Canadians who rushed down into the states to buy foreclosed homes, may soon be facing some serious problems ...


"We predict that within a week, all banks will halt every foreclosure currently in process. Within a month, all foreclosures executed within the past 2-3 years will be retried, and millions of existing home sales will be put in jeopardy." ....

The Biggest Fraud In The History Of Capital Markets .... (http://www.zerohedge.com/article/janet-tavakoli-biggest-fraud-history-capital-markets)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: honeyman76 on October 09, 2010, 04:24:37 PM
Bill, this happened yesturday. 25% of all homes in America are in Foreclosure. All foreclosers have been halted!
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on October 10, 2010, 06:17:26 AM
Quote
25% of all homes in America are in Foreclosure.

Dwayne-sounds like an awfully high %.
Or is it? Holy crap!  If that's true something big's got to happen!  ...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on October 13, 2010, 11:00:41 AM
October 12, 2010 -- The cost of insuring against a default on U.S. government bonds via so-called credit default swaps rose 28% in the quarter ended Sept. 30 ...


            Debt market strips U.S. of triple-A rating ...
                (http://finance.fortune.cnn.com/2010/10/12/debt-market-strips-u-s-of-triple-a-rating/)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: honeyman76 on October 13, 2010, 11:26:00 AM
Hi Wil, this was on Global news the day that I had posted it
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on October 13, 2010, 01:05:52 PM
... some of those Canadians who rushed down into the states to buy foreclosed homes, may soon be facing some serious problems ...




Oct 12th 2010 -- Evicted Family Breaks Into Foreclosed Home ...

Just as new owners were about to move in, the previous owners of a foreclosed house in Simi Valley, Calif. broke into their former home and re-occupied it with locksmith, attorney and camera crew in tow... VIDEO...


    YouTube
        - EVICTED FAMILY RECLAIMS FORECLOSED HOME WITH ATTORNEY!  10-13-2010
   (http://www.youtube.com/watch?v=3biQwMTW-1Y)



Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on October 23, 2010, 09:17:36 AM
China in the year 2030 ...


    YouTube
        - Chinese Professor
   (http://www.youtube.com/watch?v=OTSQozWP-rM)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on November 11, 2010, 01:07:43 PM


Here's another important video from Faber (from back in Feb 2010)... what's important to note in this video is;

(1.) The US faces bankruptcy within approx. 10 years ... and just so you know; when a country goes bankrupt, it does not file a regulatory bankruptcy filing, what happens is: the currency collapses in purchasing power ... if the US goes bankrupt as Faber says is likely, that'd mean the purchasing power of the US Dollar would be reduced substantially, translating to a Gold price of aprox. $5,000 or more.

(2.) He predicts the EU debt defaults 3 months before the first debt bombs started exploding in Greece.



    YouTube
        - Marc Faber: US govt will go bankrupt
   (http://www.youtube.com/watch?v=2qHD7-XVX4I)


11/11/2010 -- QE II Has Lit the Fuse ...

For a very long time I have been calling for, expecting and otherwise anticipating the day that the Federal Reserve would begin openly monetizing government debt. I knew the day would come intellectually, but in my heart I hoped it wouldn't. But with the Fed's recent decision to directly monetize the next 8 months of federal deficit spending, that day has finally arrived...

Guest Post: Alert: QE II Has Lit the Fuse | zero hedge (http://www.zerohedge.com/article/guest-post-alert-qe-ii-has-lit-fuse)




Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Past Member on November 13, 2010, 10:22:11 AM
[youtube]http://www.youtube.com/watch?v=PTUY16CkS-k[/youtube].
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on November 14, 2010, 06:12:28 AM
Interesting-yesterday it was announced 80% of mortgages in Las Vegas are "underwater". their mortgage is more than the home's value.  When's it going to end?  I wonder if anyone's figured out that the export of good paying manufacturing jobs to offshore producers have caused most of this calamity.  And the scary part-those jobs will not be coming back.  Which is more important-importing cheap goods or losing your job!  So much for these smart-ass, know-it-all, wiser-adviser economists; maybe they should all go back to (public) school and learn some plain old common sense!
We still have it pretty good here but I feel  bad for  my  friends down south; I know some of them are really hurting and through no fault of their own.  Just hope things get better again, real soon ...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on November 14, 2010, 10:06:30 AM
China’s Credit Rating Agency Downgrades US Debt for the 2nd time in 6 Months ...

Dagong has downgraded the local and foreign currency long term sovereign credit rating of the United States of America from “AA” to “A+”, which reflects its deteriorating debt repayment capability and drastic decline of the government’s intention of debt repayment...


China’s Credit Rating Agency Downgrades America… Again ... (http://www.moneymorning.com.au/20101113/chinas-credit-rating-agency-downgrades-america-again.html)



Taking Dagong’s downgrade at face value, Uncle Sam is now a credit on the level of Costco...

Chinese Rater U.S. Downgrade: U.S. as Creditworthy as Costco - MarketBeat - WSJ ... (http://blogs.wsj.com/marketbeat/2010/11/11/chinese-rater-us-downgrade-us-as-creditworthy-as-costco/)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Vagadero on November 14, 2010, 01:45:03 PM
Is anybody an economist here?
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on November 14, 2010, 02:00:12 PM
Jim Grant Joins The Chorus Demanding A Return To The Gold Standard ...

The classical gold standard, the one that was in place from 1880 to 1914, is what the world needs now. In its utility, economy and elegance, there has never been a monetary system like it." And no, as Jim Rickards among others claim, a return to the gold standard would not be deflationary...if gold were to be converted to the USD at between $5,000 and $35,000/oz. ...

Jim Grant Joins The Chorus Demanding A Return To The Gold Standard | zerohedge.com ... (http://www.zerohedge.com/article/jim-grant-joins-chorus-demanding-return-gold-standard)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on November 16, 2010, 03:16:07 PM
32 US States have run out funds to make unemployment benefit payments ... CA, MI, NY Worst ...

May 21/2010 -- EconomicPolicyJournal.com  has learned that 32 states have run out funds to make unemployment benefit payments and that the federal government has been supplying these states with funds so that they can make their  payments to the unemployed...

EconomicPolicyJournal.com: 32 States Have Borrowed from the Federal Government to Make Unemployment Payments ... (http://www.economicpolicyjournal.com/2010/05/32-states-have-borrowed-from-treasury.html)


Recent chart action showing big potential problems brewing in the US Municipal Debt/Bond market...

The Muni Bond Selloff Is Terrifying, As Everyone Watches California's Big Sale - BusinessInsider.com ... (http://www.businessinsider.com/mub-selloff-2010-11)

(http://static.businessinsider.com/image/4ce272efccd1d5f21d0c0000-568-345/chart.png)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on November 20, 2010, 11:46:59 AM
UN Report: Scrap dollar as sole reserve currency -
A United Nations report released on Tuesday calls for abandoning the U.S. dollar as the main global reserve currency, saying it has been unable to safeguard value...

Scrap dollar as sole reserve currency: U.N. report
| Reuters

 (http://www.reuters.com/article/idUSTRE65S40620100629)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on November 21, 2010, 03:00:17 PM
Sept 14/10 -- IRA says it will start targeting UK bankers ...

Banks and bankers are now potential targets for the Real IRA, leaders of the dissident republican terror group have warned... the bankers grease the politicians’ palms, the politicians bail out the bankers with public funds, the bankers pay themselves fat bonuses and loan the money back to the public with interest. It’s essentially a crime spree that benefits a social elite at the expense of many millions of victims.

... IRA's recent activity has been a wave of so-called "punishment" shootings and beatings of those they deem "antisocial elements" in nationalist working class areas. In Derry alone the Real IRA and other aligned groups have shot around two dozen men over the last 18 months... The Real IRA's leadership was unapologetic over what its critics have described as "rough justice"...

IRA says it will target UK bankers ...  (http://www.guardian.co.uk/uk/2010/sep/14/real-ira-targets-banks-bankers)



I guess will we soon find out if the IRA are "all show, and no go" ...


Cowen Scorned as Ireland Mourns Loss of Independence -
Irish rebels fought for independence during World War I, boasting they served “neither King nor Kaiser.” Ireland may now have to do exactly that to qualify for a bailout partly funded by both Britain and Germany...

Cowen Scorned as Ireland Mourns Loss of Independence - BusinessWeek.com (http://www.businessweek.com/news/2010-11-19/cowen-scorned-as-ireland-mourns-loss-of-independence.html)


EU agrees bailout for Ireland | Europe | Deutsche Welle  (http://www.dw-world.de/dw/article/0,,6253346,00.html)


Full Text Of Irish Government/Eurogroup Statements On Ireland Bailout | zerohedge.com (http://www.zerohedge.com/article/full-text-irish-government-bailout-statement)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on November 24, 2010, 10:06:00 AM
China, Russia announce they are quitting the US Dollar ...

China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday...

 China, Russia quit dollar - ChinaDaily.com (http://www.chinadaily.com.cn/china/2010-11/24/content_11599087.htm)

Also... note how within 24 hrs of this public announcement by China/Russia ... the North/South Korean war was re-started ... if you dont know; South Korea is an American Puppet regime, and North Korea is a Chinese puppet regime... it looks like China and the US will go to war soon using their 2 favorite Asian puppet regimes as fronts/covers.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on March 10, 2011, 06:40:38 PM


Large macro financial trends generally tend to happen in very slow motion, and thus are very difficult to spot/understand ... this earlier video I posted from Dr. Marc Faber provides one of the better explanations as to whats been happening, and whats going to happen, it may not be the easiest info to understand, but he does a pretty good job of putting it into laymans terms; it's an hour long presentation but it's well worth viewing - if you had to buy a ticket to this 1 hr. presentation, you'd be looking at about a $1,000 per ticket ...


    YouTube
        - Mirror, Mirror on the Wall, When is the Next AIG to Fall? | Marc Faber
   (http://www.youtube.com/watch?v=H0sS6a9RW2E)




Mar 9, 2011 -- PIMCO Total Return Fund dumps all it's U.S. government-related debt ...

The world's largest bond fund has gone ultra bearish on the United States, dumping all of its U.S. government-related debt holdings...


        Reuters - Business News - Portfolio.com ...
       (http://www.portfolio.com/business-news/reuters/2011/03/09/pimco-total-return-dumps-us-government-related-debt)





Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on March 11, 2011, 06:26:12 AM
Quote
it looks like China and the US will go to war soon using their 2 favorite Asian puppet regimes as fronts/covers.


Let's hope not!  Neither side can afford to lose and the only way to win just might include nuclear weapons.  I think China and the U.S. would likely work things out long before allowing anything like an indirect war or a North Koreal-South Korea war to happen.  JMO
Some of those gold numbers/oz. being thrown around are starting to sound a little crazy, as well ...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on April 16, 2011, 10:13:35 AM


Mar 9, 2011 -- PIMCO Total Return Fund dumps all it's U.S. government-related debt ...

The world's largest bond fund has gone ultra bearish on the United States, dumping all of its U.S. government-related debt holdings...


        Reuters - Business News - Portfolio.com ...
       (http://www.portfolio.com/business-news/reuters/2011/03/09/pimco-total-return-dumps-us-government-related-debt)




The world’s largest bond fund initiates short position on US Treasury debt ...

Pimco bets against U.S. Treasuries - The Globe and Mail ... (http://www.theglobeandmail.com/globe-investor/pimcos-bill-gross-bets-against-us-treasuries/article1980322/)





Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on April 20, 2011, 07:53:17 AM
S&P puts US Govt. Triple AAA Credit Rating on Negative Watch ...


    YouTube
        - Egan Says S&P U.S. Rating Report Represents `Sea Change'
   (http://www.youtube.com/watch?v=xD75hBoUbDI)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on April 25, 2011, 12:54:40 PM
If you own your Gold or Silver in what's known as a "pool account", you don't really own it ... if there's ever a true supply squeeze, you'll want your metal in your own hands before the S.H.T.F. ...


    YouTube
        - Precious Metals Storage Scam: 'Sorry, Delivery Is Not Possible'
   (http://www.youtube.com/watch?v=KVtDyAwRY8w)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on April 27, 2011, 08:31:18 AM
Manager of the world's largest Bond Fund unloads on the Fed and US debt;

US Reaches The Keynesian Endpoint - The QE2 Ponzi Scheme Is Nothing But A Profit Illusion ...

Pimco's Observations - QE2 Ponzi Scheme Is Nothing But A Profit Illusion | zerohedge.com ... (http://www.zerohedge.com/article/pimcos-observations-us-reaches-keynesian-endpoint-qe2-ponzi-scheme-nothing-profit-illusion)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on April 29, 2011, 10:34:28 AM
The "90% ratio of government debt to GDP is a tipping point in economic growth." For 800 years "you increase it over and beyond a high threshold, and boom!"......

Debt time bomb - Paul B. Farrell - MarketWatch (http://www.marketwatch.com/story/our-debt-time-bomb-is-ready-to-go-ka-boom-2010-02-02)

Now, one year later the Gold price is 34% higher ... and many major Govt's are still caught in their debt traps, with no escape in sight ...

(http://quotes.ino.com/chart/history.gif?s=FOREX_XAUUSDO&t=l&w=15&a=50&v=d12)

 
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on April 29, 2011, 11:39:05 AM
The "90% ratio of government debt to GDP is a tipping point in economic growth." For 800 years "you increase it over and beyond a high threshold, and boom!"......

Debt time bomb - Paul B. Farrell - MarketWatch (http://www.marketwatch.com/story/our-debt-time-bomb-is-ready-to-go-ka-boom-2010-02-02)

The public will soon wake up to the magnitude of money printing that is going on to support the economic recovery fallacy. When the public does become aware, “Money Velocity” will accelerate. When this happens, the likelihood is that the markets will dramatically rise, not because economic conditions are improving, but rather because of a depreciating US dollar...

2011 Tipping Points  | zero hedge (http://www.zerohedge.com/article/guest-post-2011-tipping-points)

Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 16, 2011, 08:54:49 PM
The "90% ratio of government debt to GDP is a tipping point in economic growth." For 800 years "you increase it over and beyond a high threshold, and boom!"......

Debt time bomb - Paul B. Farrell - MarketWatch (http://www.marketwatch.com/story/our-debt-time-bomb-is-ready-to-go-ka-boom-2010-02-02)


US Debt Ceiling To Be Breached Today; Govt. To Tap Pension Funds ...

The United States is expected to reach the legal limit on its debt later on Monday and will start dipping into federal retirement funds to give the country more room to borrow, a Treasury official said...

US Treasury Confirms Debt Ceiling To Be Breached Today; Will Tap Pension Funds | zero hedge ... (http://www.zerohedge.com/article/treasury-confirms-debt-ceiling-be-breached-today-will-tap-pension-funds)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 25, 2011, 11:02:22 PM
At the Doug Casey Research Summit, Porter Stansberry talks about America's precarious debt situation ...


    YouTube
        - ‪Porter Stansberry:  We're All Going to Have a Big Problem‬&rlm;
   (http://www.youtube.com/watch?v=Fa2wxN5cx14)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: john01 on May 26, 2011, 12:04:56 AM
i need to know more...
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on May 26, 2011, 06:41:57 AM
Hey Bill;  Any ideas floating around as to how we can hedge our retirement savings against the coming currency depreciation/inflation ? Don't know if gold is going to climb much more.  ...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on May 26, 2011, 01:15:43 PM
Don't know if gold is going to climb much more.  ...Wil

There's an increasing amount of talk lately amongst respected economic thinkers about a defacto Gold standard coming within the next years years ... if it materializes, expect much higher prices than todays price, IMO ... this Professor sums it up pretty good ...

No Return to Gold Standard - But Dollars Importance Fading, Peter Morici Says ... (http://finance.yahoo.com/blogs/daily-ticker/no-return-gold-standard-coming-dollar-importance-fading-164826297.html)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on May 26, 2011, 03:51:25 PM
Yes, Morici's a practical, level headed teaching economist. He usually makes sense, mainly because he's easy to understand and most emphatic about what he says.
Still, gold is valuable only because we say it is and if things get really bad, as in people pushing wheelbarrows of paper money to the store,  all that could change too, and with little of no warning.  Not unlike the demand destruction during the previous price of oil boom-people in the U.S. quit driving and the price of oil dropped like whatever nasty term you might want to use; but not for the same reasons.  <-laugh-> <-laugh->  ...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on June 03, 2011, 08:19:13 AM
Greek debt cut to "junk status" by rating agency Standard & Poor's ....

BBC World Service - News - Greek bonds 'junk' rating (http://www.bbc.co.uk/worldservice/news/2010/04/100428_greece_debt_sl.shtml)


Greek Protesters Seize Finance Ministry Building ...

(http://previous.presstv.ir/photo/20110603/mostofi20110603102829107.jpg)

Greek protesters have taken over the finance ministry building in Athens as the country agreed with its European partners to introduce new austerity measures in return for a new bailout package....


   Greek protesters seize finance ministry ....
 (http://www.presstv.com/detail/183025.html)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on June 03, 2011, 10:02:17 AM
Pushing for a Return to the Gold Standard ...

June 3, 2011 -- The idea to make the precious metal legal tender has gained currency in more than a dozen state capitals, aided by Tea Party support and other efforts to rein in federal power. One of the most ambitious proposals, introduced in Georgia, would require the state to accept only gold and silver for all payments, including taxes, and to use the metals exclusively to pay all of the state's debts.

U.S. monetary policy and gold standard: Pushing for a return to the gold standard - latimes.com ... (http://www.latimes.com/la-fi-gold-standard-20110603,0,7289166.story)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on July 08, 2011, 01:28:05 PM
US Govt now borrowing a staggering $125 Billion PER MONTH to stay afloat .... and cant find over $2 Trillion misssing at the Pentagon ...


    YouTube
        - ‪David Stockman: Ben Bernanke is finished!‬&rlm;
   (http://www.youtube.com/watch?v=GHLjoAI2-iQ)




    YouTube
        - ‪&quot;We Don't Know Where That 2.3 TRILLION Dollars Went!&quot; Rep DeFazio Calls To Audit The Pentagon‬&rlm;
   (http://www.youtube.com/watch?v=7KxrQIrbUpY)

Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: CaribooAu on July 08, 2011, 03:03:13 PM
You know it's coming.......can't hide it forever.......the amount of money is just insane just like the people running these countries..........funny how I can budget my money an they keep screwing it up.......I don't think the people are going to put up with more taxes......can't fit it into my budget so they will have to kiss my....

Now we are in such a pickle that they are never going to get out of it........I don't care what they say.....not going to happen in my life or my grand-kids life......sad........so the only way out is the USA defaults on it's debt.....right.
Only trouble is all the peoples greed......the only way they can is to let everyone else do so and that's the end for the world bank........man it just makes sense to drop it all in bankruptcy and stop looking for a way to hold other countries hostage for this BS debt they never could pay for......guess the greed has finally caught up with them all......LOL

I for one will not go to any war or will my son over mismanaged money......I say  -  let it collapse or they can fight the
next war......I may be wrong on a few notes but it's hard to keep track when your leaders choose to lie to you
all the time.......Take care.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on July 09, 2011, 06:06:02 PM
One of those timeless fairy tales; The Emperors New Clothes ...



    YouTube
        - ‪World's Greatest Fairy Tales: The Emperor's New Clothes‬&rlm;
   (http://www.youtube.com/watch?v=aGDr69VOv6g)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on July 12, 2011, 01:32:49 PM
Tuesday, 12 July 2011 -- Moody's Downgrades Irish Debt to Junk Status ...

Credit ratings agency Moody's has cut Ireland's bonds to junk status and warned of further downgrades ...


Moody's cuts Irish debt to junk status - RTÉ News (http://www.rte.ie/news/2011/0712/bailout-business.html)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on July 13, 2011, 06:32:53 AM
So; it begs the question, 'why would anyone want to be a politican?".  In many countries they seem to be despised, have to spend huge sums of their own money just to get elected---- and all just so they can spend, no overspend, the voters' money so, guess what---they can get re-elected to continue spending and overspending for votes until their country's bankrupt! The cycle doesn't make sense!
Is it an addiction like gamblers or shopaholics have?  For the lucrative pensions? Maybe a huge conspiracy involving massive payoffs and corruption? What makes an individual want to run for public office? Power, greed? ...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on July 13, 2011, 08:16:40 AM
So; it begs the question, 'why would anyone want to be a politican?".  In many countries they seem to be despised, have to spend huge sums of their own money just to get elected---- and all just so they can spend, no overspend, the voters' money so, guess what---they can get re-elected to continue spending and overspending for votes until their country's bankrupt! The cycle doesn't make sense!
Is it an addiction like gamblers or shopaholics have?  For the lucrative pensions? Maybe a huge conspiracy involving massive payoffs and corruption? What makes an individual want to run for public office? Power, greed? ...Wil

It's a complex question, with lots of potential answers.... I think at this stage, the best thing to do is make sure you've taken the proper precautionary steps to protect yourself and your family.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on July 13, 2011, 08:18:45 AM
Bernanke Prepared to Throw More Good Money After Bad ...


Jul 13, 2011 -- Federal Reserve Chairman Ben S. Bernanke told Congress the central bank is prepared to take additional action, including buying more government bonds, if the economy appears to be in danger of stalling. "The possibility remains that the recent economic weakness may prove more persistent than expected ....

Fed Prepared With Stimulus If Needed: Bernanke - Bloomberg (http://www.bloomberg.com/news/2011-07-13/fed-prepared-to-respond-if-needed-bernanke.html)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on July 13, 2011, 06:20:53 PM
Moody's Warns of Possible U.S. Debt Downgrade ...

Jul 13, 2011 -- Bond rating agency Moody's Investor Service put U.S. government debt on review for possible downgrade. In a statement released Wednesday after the close of markets, Moody's said it has placed the Aaa bond rating under review given "the rising possibility that the statutory debt limit will not be raised on a timely basis, leading to a default on US Treasury debt obligations ...

Moody's warns of possible U.S. debt downgrade - Business - CBC News (http://www.cbc.ca/news/business/story/2011/07/13/us-debt-ceiling-talks.html)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on July 14, 2011, 06:57:43 PM
Debt Saturation Pushes World Back to Gold ...

July 14, 2011 -- As the twin pillars of international monetary system threaten to come tumbling down in unison, Gold has reclaimed its ancient status as the anchor of stability...

Debt saturation pushes world back to gold | Gold Anti-Trust Action Committee (http://www.gata.org/node/10132)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on July 18, 2011, 07:18:09 AM
Ratings Agency Egan-Jones the First to Downgrade US Debt from AAA to AA+ ...

While others huff and puff, and threaten to do what had to be done ages ago, the one truly independent and capable NRSRO, Egan-Jones, downgraded the US from AAA to AA+ over the weekend...

Egan-Jones Downgrades US From AAA To AA+ | zero hedge (http://www.zerohedge.com/article/egan-jones-downgrades-us-aaa-aa)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on July 18, 2011, 01:43:25 PM
Andrew Napolitano gives a little history lesson on debt and currency debasement ....



        ‪Fall in the American Empire | THE PLAIN TRUTH by Judge Napolitano 6/23/11‬&rlm;
      - YouTube
   (http://www.youtube.com/watch?v=TSHFWQAFINQ)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: CaribooAu on July 18, 2011, 02:53:35 PM
She's going to blow an they can't blame anyone but themselves......sad but true......Gold at 16+...no stopping it now.
Take care.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on July 20, 2011, 09:42:05 AM
Moody's Warns 5 US States of Debt Downgrade ...

Credit analyst Moody’s has warned that five US states are in danger of losing their top-rated AAA credit ratings... Maryland, New Mexico, Virginia, Tennessee and South Carolina face downgrades because of their heavy reliance on federal revenue ....

Moody's warns 5 states of downgrade - Burgess Everett - POLITICO.com (http://www.politico.com/news/stories/0711/59439.html)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on July 24, 2011, 04:39:38 PM
The following is a really important concept that many people don't appreciate or understand the significance of ...

"The cost to print a $1 Dollar bill is a fraction of a penny ...
the cost to print a $1,000.00 Dollar bill is a fraction of a penny."




        ‪U.S. About To Issue New $100 Bill. Here are $20's Printing‬&rlm;
      - YouTube
   (http://www.youtube.com/watch?v=YcXcH6yL8p8)




        ‪GoldNomics - Cash or Gold Bullion?‬&rlm;
      - YouTube
   (http://www.youtube.com/watch?v=-HaqwFJj4ZY)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on August 02, 2011, 08:33:15 AM
From US Senator Rand Paul -- The debt deal pending before us now;


Adds at least $7 trillion to our debt over the next 10 years. The deal purports to "cut" $2.1 trillion, but the "cut" is from a baseline that adds $10 trillion to the debt. This deal, even if all targets are met and the Super Committee wields its mandate - results in a BEST case scenario of still adding more than $7 trillion more in debt over the next 10 years...

http://paul.senate.gov/?p=press_release&id=280
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on August 02, 2011, 12:21:52 PM
$2.5 Trillion Debt Ceiling Hike Projected to Push Gold Price to $1,950 By Years End ...

A simple correlation rule of thumb allows us to predict that gold will be at $1,950 by the end of the year if it simply retains it close correlation to the debt ceiling ...

$2.5 Trillion Debt Ceiling Hike Will Unleash A Gold Price Surge To $1,950 Or Higher By Years End  | ZeroHedge (http://www.zerohedge.com/news/imminent-25-trillion-debt-ceiling-hike-will-unleash-gold-price-surge-1950-and-higher)

Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on August 02, 2011, 01:09:11 PM
The City of Central Falls Rhode Island Bankrupt - Too Much Debt;

Aug 2/2011 -- Governor Chafee and state General Treasurer Gina M. Raimondo said that Monday’s announcement that Central Falls would file for federal bankruptcy protection serves as a warning ...

Central Falls bankruptcy a cautionary tale for R.I., state leaders say | Rhode Island news

 (http://www.projo.com/news/content/CF_POLITICAL_REACTION_08-02-11_K0PGV39_v23.47603.html)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: CaribooAu on August 02, 2011, 02:40:45 PM
Man - I wish I had the liberty to push my debt till the day I die......just think of the possibilities......LOL

With gold going so high - I guess my dreams are coming true.

Time to get digging.
Take care.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on August 02, 2011, 06:07:36 PM
Man - I wish I had the liberty to push my debt till the day I die......just think of the possibilities......LOL

With gold going so high - I guess my dreams are coming true.

Time to get digging.
Take care.


I was thinking that Gold would end this year somewhere in the $1,700's .... but there's a number of people who are alot smarter than me who see it ending 2011 somewhere between $1,800 - $2,000



Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on August 02, 2011, 08:53:55 PM
China Downgrades US Credit Rating; Blames Political Parties ...

Aug. 2 2011 -- China’s only credit rating agency, Dagong Global, downgraded US sovereign debt on Wednesday to A from A+ with a negative outlook due to the higher debt ceiling. This is the second time in less than a year that Dagong has downgraded US bond ratings...



        ‪China Agency To Lower U.S. Credit Rating‬&rlm;
      - YouTube
   (http://www.youtube.com/watch?v=Q5qK0u7VVJk)


  China Downgrades US Credit Rating; Blames Political Parties - Forbes (http://blogs.forbes.com/kenrapoza/2011/08/02/china-downgrades-us-credit-rating-blames-political-parties/)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on August 03, 2011, 01:10:02 AM
Greece In Panic: Masses Race To Pull Cash From Banks Causing A Great Depression Style Bank-Run ...

August 2, 2011 -- The Guardian reports that while Western media has been silent on the issue, Greece is in an absolute state of panic facing a Great Depression style run on the banks as people race to withdrawal their cash...

Greece In Panic: Masses Race To Pull Cash From Banks Causing A Great Depression Style Bank-Run (http://blog.alexanderhiggins.com/2011/08/02/greece-panic-masses-race-pull-cash-banks-causing-great-depression-style-bankrun-48201/)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on August 03, 2011, 01:51:15 AM
Italian Banks have lost 20% of their value in the last 30 days as Euro Debt contagion spreads to Italy ...



        ‪Italy markets tumble over Euro contagion‬&rlm;
      - YouTube
   (http://www.youtube.com/watch?v=vsNjGWRPYTc)




        ‪Spence Says Italy Must Show Debt Crisis Can Be Solved‬&rlm;
      - YouTube
   (http://www.youtube.com/watch?v=354VbWXzQY8)

Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on August 05, 2011, 08:12:30 PM
S&P downgrades U.S. credit rating for first time in history ...

August 5, 7:50PM -- Standard & Poor’s announced Friday night that it has downgraded the United States credit rating for the first time, dealing a huge symbolic blow to the world’s economic superpower ...

S&P downgrades U.S. credit rating for first time - The Washington Post (http://www.washingtonpost.com/business/economy/sandp-considering-first-downgrade-of-us-credit-rating/2011/08/05/gIQAqKeIxI_story.html)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on August 06, 2011, 06:21:58 AM
14 trillion dollar debt and now they're saying plus another 12 trillion before things get turned around.  Getting real scary! ...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on August 06, 2011, 09:50:03 AM
14 trillion dollar debt and now they're saying plus another 12 trillion before things get turned around.  Getting real scary! ...Wil

This S&P downgrade is a big deal ... the markets will likely see some big volatility next week .... notice how they waited until around 7PM on a Friday night to release the S&P downgrade - if they would have released the downgrade during market hrs. the US stock markets would have finished down around 1,000 points yesterday.

More ratings downgrades could be coming soon; first it was the Chinese ratings agency that downgraded the US last week, followed by the S&P downgrade, don't be surprised if other major ratings agencies start downgrading the US over the coming weeks.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on August 06, 2011, 09:58:44 AM

SO------- what do you think will end up happening (specifically) and what can you, me and the members of this forum do to protect ourselves or maybe lessen the coming impact?...Wil


On April 29/10 when you made this post, Gold was approx. $1,100 .... 16 months later Gold is $1,660 - a 51% increase in 16 months... will Gold keep rising? ... will Govt's keep printing money to pay their debts?.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on August 07, 2011, 06:04:09 AM
Got a bad feeling about this mess.  Hope I'm wrong but it looks like that "double dip" is on it's way. Another stimulus package is out of the question; just too expensive-hell, the first one didn't work!  If there's a recession, even with falling prices and  demand destruction, interest rates could rise back to what we used to call  "normal" and trigger another round of mortgage defaults.  Guess there's not much we can do but hang on and ride it out.
...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on August 07, 2011, 12:09:08 PM
S&P downgrades U.S. credit rating for first time in history ...

August 5, 7:50PM -- Standard & Poor’s announced Friday night that it has downgraded the United States credit rating for the first time, dealing a huge symbolic blow to the world’s economic superpower ...

S&P downgrades U.S. credit rating for first time - The Washington Post (http://www.washingtonpost.com/business/economy/sandp-considering-first-downgrade-of-us-credit-rating/2011/08/05/gIQAqKeIxI_story.html)


Peter Schiff : The S & P AA+ rating on US Sovereign Debt is not Low Enough ...



        ‪S & P AA+ rating on US Sovereign Debt not Low Enough ∞ Peter Schiff‬&rlm;
      - YouTube
   (http://www.youtube.com/watch?v=IG8v7r2jwxY)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on August 08, 2011, 06:11:37 AM
Monday 6:00 a.m.---Yup, it's starting-price of gold's soaring, crude's down to $82 and other commodities are already dropping. Go for the gold!  <-laugh->
...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on August 08, 2011, 11:35:26 AM


I was thinking that Gold would end this year somewhere in the $1,700's .... but there's a number of people who are alot smarter than me who see it ending 2011 somewhere between $1,800 - $2,000





JPMorgan Says Gold May Jump to $2,500/oz by Yr-End ...

Mon Aug 8, 2011 -- JPMorgan said on Monday it expects spot gold prices to climb to $2,500 an ounce or higher by year-end, on very high volatility, following the downgrade of U.S. debt....



      JPMorgan says gold may jump to $2,500/oz by yr-end | Reuters

 (http://in.reuters.com/article/2011/08/08/idINIndia-58681020110808)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on August 10, 2011, 02:20:44 PM
S&P Downgrades 11,500 Muni-Bonds Tied to U.S. ...

August 9, 2011 12:14 pm ET

More than 11,000 municipal bonds tied to the federal government lost their AAA ratings from Standard & Poor’s, including housing securities and debt backed by leases, after the company downgraded the U.S. ...

http://www.investmentnews.com/article/20110809/FREE/110809895
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on August 10, 2011, 09:03:43 PM
Mortgage Fraud and Banker Bailouts for Dummies ...



        Bailout Rape,
      - YouTube
   (http://www.youtube.com/watch?v=wzy28YOZcgo)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on August 19, 2011, 07:02:44 AM
European bank stocks battered as fears mount about their exposure to region's debt crisis ...

PARIS (AP) -- European bank stocks tanked Thursday as fears mounted about their exposure to the region's debt crisis and weakening economy. The stock prices of Britain's Barclays and France's Societe Generale led the way down, falling 11.5 percent and 12 percent, respectively. Germany's Commerzbank fell 10 percent. Analysts said the plunge was partly a reaction to evidence that European banks are being forced to pay more for the short-term loans they need to finance day-to-day operations...

European bank stocks hurt by borrowing crunch - Yahoo! Finance (http://finance.yahoo.com/news/European-bank-stocks-hurt-by-apf-3163658363.html)








Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on August 21, 2011, 12:48:12 PM
Mike Maloney: The Debt Collapse and Why Gold and Silver are Rising ...



        Debt Collapse - $20,000 Gold - Mike Maloney (FULL PRESENTATION)
      - YouTube
   (http://www.youtube.com/watch?v=tj2s6vzErqY)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Golddigger Greg on August 21, 2011, 03:37:58 PM
 <-good_> Very interesting and easy to understand presentation! While there is a number of videos out there that touch on seperate aspects of global finance it is nice to see someone put a bow on it for the average guy. Makes me happy that I know how to get real money while I'm out digging! Thanks for posting! <-good_>
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 21, 2011, 04:02:21 PM
LBMA campaigns for Gold to be a Tier 1 banking asset ...

... there also is a campaign afoot to include gold as a Tier 1 bank asset with the Basel Committee on Banking Supervision.... this week the London Bullion Market Association is meeting in Montreal, the biggest gold industry conference of the year... the Basel III initiative is highly significant too because it would trigger a far wider use of gold within the banking system, not quite a return to the gold standard but the next best thing... Presently Tier 1 assets include government bonds... a widening of Tier 1 to include precious metals is seen as a way of shoring up confidence in the banking sector with assets that do not require official rating because there is zero counter-party risk.... the Chinese central bank has openly called for gold to be a part of a basket of assets used to support a new super-currency from the IMF ...


   LBMA campaigns for gold to be Tier 1 asset for banks under Basel III - ArabianMoney.net    (http://www.arabianmoney.net/gold-silver/2011/09/20/lbma-campaigns-for-gold-to-be-tier-1-asset-for-banks-under-basel-iii/)


=================================================================


Gold inclusion as Tier 1 asset would be huge: LBMA ...

(MarketWatch) - The London Bullion Market Association is supporting the gold sector's push to have bullion included by the Basel Committee on Banking Supervision in its recommendations of high quality liquid assets commercial banks should hold, which, if successful, will be one of the most significant events for the industry in recent years, the LBMA chairman said Monday. "If the Basel III quest is successful, it could be one of the greatest changes in the modern day gold market ...

Gold inclusion as Tier 1 asset would be huge: LBMA - MarketWatch (http://www.marketwatch.com/story/gold-inclusion-as-tier-1-asset-would-be-huge-lbma-2011-09-19)



Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: gandalfwhite on September 25, 2011, 01:49:08 PM
Hi all,
From what I have heard the estimates for gold would land on around 2.400 USD? hopefully the USD will keep it's head on the Swedish kronas  ;D But cant say so much currently since I haven't been updated on the issue more than sporadically
regards

Gandalfwhite
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 25, 2011, 06:09:38 PM
Hi all,
From what I have heard the estimates for gold would land on around 2.400 USD? hopefully the USD will keep it's head on the Swedish kronas  ;D But cant say so much currently since I haven't been updated on the issue more than sporadically
regards

Gandalfwhite


I don't think this current pull-back in the Gold price will last very long.... when you have these big corrections in the stock market, everything tends to get sold to some degree or another, then once the dust settles, the best assets pull ahead of the crowd.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 25, 2011, 06:11:21 PM
The IMF itself may need a bailout ...


25 Sep 2011 -- The head of the IMF has warned that its $384bn (£248bn) war chest designed as an emergency bail-out fund is inadequate to deliver the scale of the support required by troubled states...

Christine Lagarde: IMF may need billions in extra funding - Telegraph (http://www.telegraph.co.uk/finance/financialcrisis/8788223/Christine-Lagarde-IMF-may-need-billions-in-extra-funding.html)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on October 04, 2011, 12:14:45 AM
American banking stocks ... 1 year charts ... just in case you haven't noticed, they ain't looking too good lately ... in particular; Bank of America and Morgan Stanley have both lost close to 2/3 rd's of their value in less than the past 12 months ...

Bank of America...
(http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=bac&uf=0&type=2&size=2&sid=147233&style=320&freq=1&time=8&rand=1005632428&compidx=&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1)


Citigroup...
(http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=C&uf=0&type=2&size=2&sid=6901016&style=320&freq=1&time=8&rand=771827729&compidx=&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1)


Goldman Sachs...
(http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=gs&uf=0&type=2&size=2&sid=147544&style=320&freq=1&time=8&rand=487222184&compidx=&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1)


JPM Morgan...
(http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=jpm&uf=0&type=2&size=2&sid=427620&style=320&freq=1&time=8&rand=751820072&compidx=&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1)


Morgan Stanley...
(http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=ms&uf=0&type=2&size=2&sid=41843&style=320&freq=1&time=8&rand=525595144&compidx=&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on October 25, 2011, 01:14:29 PM
Recent Greek Austerity protest video ....


        Greece unrest: Athens clashes amid general strike
      - YouTube
   (http://www.youtube.com/watch?v=ADzN4loi-DI)

If the Greek protesters wanted to cut to the bottom line and gets results fast; instead of clashing with Police and wrecking their own public infrastructure/buildings, the protesters should just go to their criminal Politicians and Bankers houses, grab them and lynch their crooked Politicians and Bankers in the street..... it would get Political change much, much faster, and it wouldn't be nearly as messy/costly as the current course of protests.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on November 15, 2011, 11:24:52 AM


The public will soon wake up to the magnitude of money printing that is going on to support the economic recovery fallacy. When the public does become aware, “Money Velocity” will accelerate.

2011 Tipping Points  | zero hedge (http://www.zerohedge.com/article/guest-post-2011-tipping-points)





Eurozone bail-out fund has to resort to buying its own debt ...


Europe's €1 trillion (£854bn) rescue fund has been forced to buy its own debt as outside investors become increasingly concerned about the worsening eurozone sovereign debt crisis.... The revelation will be seen as a major failure and a worrying sign of future buyers strike after EFSF officials and their bankers had spent recent weeks travelling the world attempting to persuade key investors, including China's national wealth fund and Japanese government funds, to buy its bonds....

Eurozone bail-out fund has to resort to buying its own debt - Telegraph (http://www.telegraph.co.uk/finance/financialcrisis/8886380/Eurozone-bail-out-fund-has-to-resort-to-buying-its-own-debt.html)



Eurozone Crisis: EFSF Buys its Own Bonds ...

The eurozone crisis just stepped into the realms of the absurd: the EFSF, supposedly the saviour of the euro and eurozone has been buying its own bonds. One way to look at this is that it is trying to borrow money by lending it to itself: absurd, like Ourobouros (a serpent eating its own tail)....

Eurozone Crisis: EFSF Buys its Own Bonds - Forbes (http://www.forbes.com/sites/timworstall/2011/11/13/eurozone-crisis-efsf-buys-its-own-bonds/)




Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on November 16, 2011, 08:10:40 PM


Barclays Says Italy Is Finished: "Mathematically Beyond Point Of No Return" ...

Barclays Says Italy Is Finished: &quot;Mathematically Beyond Point Of No Return&quot; | ZeroHedge (http://www.zerohedge.com/news/barclays-says-italy-finished-mathematically-beyond-point-no-return)





European Government Bond Market "Frozen" says Bank of Italy Managing Director; ECB Steps in But Rally Fails to Hold ...

Mish's Global Economic Trend Analysis: European Government Bond Market "Frozen" says Bank of Italy Managing Director; ECB Steps in But Rally Fails to Hold (http://globaleconomicanalysis.blogspot.com/2011/11/european-government-bond-market-frozen.html)





A recent interview with Kyle Bass - one of the top money mangers in the world ...


        Those damn short sellers....
      - YouTube
   (http://www.youtube.com/watch?v=K-F_QF1XTXI)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on November 17, 2011, 09:52:10 PM
Are The Derivative Markets About To Blow Up? ....

According to letter just released by Barnhardt Capital Management to it's clients, the futures market has been utterly destroyed by the recent MF Global collapse......



Dear Clients, Industry Colleagues and Friends of Barnhardt Capital Management,

It is with regret and unflinching moral certainty that I announce that Barnhardt Capital Management has ceased operations. After six years of operating as an independent introducing brokerage, and eight years of employment as a broker before that, I found myself, this morning, for the first time since I was 20 years old, watching the futures and options markets open not as a participant, but as a mere spectator.

The reason for my decision to pull the plug was excruciatingly simple: I could no longer tell my clients that their monies and positions were safe in the futures and options markets – because they are not. And this goes not just for my clients, but for every futures and options account in the United States. The entire system has been utterly destroyed by the MF Global collapse. Given this sad reality, I could not in good conscience take one more step as a commodity broker, soliciting trades that I knew were unsafe or holding funds that I knew to be in jeopardy.

I have learned over the last week that MF Global is almost certainly the mere tip of the iceberg. There is massive industry-wide exposure to European sovereign junk debt. While other firms may not be as heavily leveraged as Corzine had MFG leveraged, and it is now thought that MFG’s leverage may have been in excess of 100:1, they are still suicidally leveraged and will likely stand massive, unmeetable collateral calls in the coming days and weeks as Europe inevitably collapses. I now suspect that the reason the Chicago Mercantile Exchange did not immediately step in to backstop the MFG implosion was because they knew and know that if they backstopped MFG, they would then be expected to backstop all of the other firms in the system when the failures began to cascade – and there simply isn’t that much money in the entire system. In short, the problem is a SYSTEMIC problem, not merely isolated to one firm....

"Regulated" Derivative Markets About To Blow Up? in [Market-Ticker] (http://market-ticker.org/akcs-www?post=197702)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on November 18, 2011, 06:18:47 AM
Scary!  Wonder when that collapse will hit.    ...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on November 19, 2011, 12:03:41 PM
Scary!  Wonder when that collapse will hit.    ...Wil


Hi Wil ... I don't think we'll see a traditional collapse so to speak (although 10's of thousands of MF Global customers may beg to differ)  ... if things approach a traditional collapse point, the central banks will just print more money to continue the recent pattern of bailouts ... however, there is a slow motion stealth collapse taking place thats difficult to see via the diminishing purchasing power of fiat money... IE: in 2001 in took aprox. 33 ounces of Gold to buy 1 unit of the DOW, today it takes only 6.8 ounces to buy 1 unit... some experts tend to think the top of the Gold price will be signaled when the Gold-to-DOW ratio reaches approx. 1-to-1 (a historic benchmarker).

Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on November 21, 2011, 08:36:29 PM

Hungary the latest country to succumb to spiraling debt woes ... ask's IMF for bailout ...

22 November 2011 -- Hungary made an official request for financial assistance from the International Monetary Fund and the European Union yesterday – just 18 months after the government in Budapest declared that it did not need any external help...


Hungary asks IMF for bailout - Europe - World - The Independent
 (http://www.independent.co.uk/news/world/europe/hungary-asks-imf-for-bailout-6265884.html)


Hungary turns to IMF as stress mounts in Eastern Europe - Telegraph (http://www.telegraph.co.uk/finance/financialcrisis/8905478/Hungary-turns-to-IMF-as-stress-mounts-in-Eastern-Europe.html)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: MI Iron Man on November 21, 2011, 09:02:57 PM
Bill
 
 Don't worry be HAPPY.... not as if these smart educated men and women from the "best schools on the planet" are going to let us down  ;)

 Oops.... never mind!

 Sorry forgot about AIG bailout and TARP.... I'm bad!
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: CaribooAu on November 27, 2011, 08:36:33 PM
Gold is number 1......in my mind and other's but don't tell the dollar hugger.

This is a bit scary to think of but interesting.

        'Black Gold' War in Libya - USA/NATO afraid Gadaffi will devalue the dollar by repricing Oil in Gold
      - YouTube
   (http://www.youtube.com/watch?v=N0Wt5ry9Yuw&NR=1)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Gator Gold on November 28, 2011, 04:32:19 PM
Thanks for posting this. I am with you Gold and Silver are much more valuable than the grossly over printed fiat currency called the US dollar. You can bet all the gold in Libya has been looted by US Special forces, and the next to go is the black gold as Gerald Celemte says, he is often a guest on Alex Jones show. He recently had a gold futures contract and the money to back it up stolen from his private account at MF Global to the tune 1,000,000 plus, he is hoppin mad and telling the world what the elite are up to.

Additionally, there will be massive inflation due to the non stop printing the Federal Reserve is doing to try to print there way out of this debacle. That's where gold and silver come in, as a huge hedge against this wave of inflation due to desend upon the world, thanks to Goldman Sachs and the rest of the Banksters!!!!

Cheer,
Scott
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on November 29, 2011, 07:54:13 PM
Gold Could Be the Answer to Europe’s Debt Woes ...

November 28, 2011 -- A draft of the European Commission study on joint "Eurobonds," reported by the Financial Times last week, makes the intriguing suggestion that Gold could be used as collateral for fundraising by European states being priced out of the commercial market. The idea is that governments would use their physical gold holdings to underwrite if not all, then maybe the first 20 to 25 percent of the bond losses, making such gold-backed eurobonds considerably more attractive than current state-backed bonds....

Gold Could Be the Answer to Europe’s Debt Funding Woes ... (http://agmetalminer.com/2011/11/28/gold-could-be-the-answer-to-europes-funding-woes/)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on November 30, 2011, 11:46:41 AM
Egan Jones Downgrades France From AA- To A; Negative Watch, Sees Debt/GDP Rising From 91% to 117% By 2013 ...


Egan Jones Downgrades France From AA- To A; Negative Watch, Sees Debt/GDP Rising From 91% to 117% By 2013 | ZeroHedge ... (http://www.zerohedge.com/news/egan-jones-downgrades-france-aa-negative-watch)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on February 02, 2012, 02:05:27 PM
The Debt Super-Cycle ... this one graph really puts whats happening into perspective ...

(http://imagesize.financialsense.com/http://www.financialsense.com/sites/default/files/users/u174/images/2012/national-debt-1940-present.jpg)

The Debt Supercycle Part II: On Borrowed Time  | James J Puplava CFP | FINANCIAL SENSE  (http://www.financialsense.com/contributors/james-j-puplava/debt-supercycle-part-2-on-borrowed-time)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: CaribooAu on February 03, 2012, 05:48:15 PM
From the looks of that chart - It all started with Ronald Regan and some new regulations for the Wall-street /Bank-tycoons.......Intresting.. <-thinking->
The biggest crime of our life time and they all got away with it.... DEVIL&??
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: MI Iron Man on February 04, 2012, 04:01:38 AM
Now turn that chart upside down and you've got a cliff. How the lemmings think they'll get out of this one is entertaining, decision was made to dig a deep hole at the bottom   [^Crazy!#]
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on March 04, 2012, 11:54:02 AM
what can you, me and the members of this forum do to protect ourselves...Wil


(http://azizonomics.files.wordpress.com/2012/02/pricestability.jpg?w=500&h=316)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on July 18, 2012, 03:04:35 PM
An important update/interview from Paul Craig Roberts (former Asst. Sect. of the US Treasury) on the world's debt situation ... basically, the gist is; the world is currently caught in a debt trap, and world Govt's cannot allow normal-to-high interest rates or the financial system would go bust ... which is why the Bank of England, the FED, and a bunch of other banks have been manipulating interest rates since at least 2008 to artificially very low levels....


        Paul Craig Roberts - Libor Fraud Now Part of the System
      - YouTube
   (http://www.youtube.com/watch?v=Z3CEnIKui0k)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on August 21, 2012, 02:15:27 PM
An important update/interview from Paul Craig Roberts (former Asst. Sect. of the US Treasury) on the world's debt situation ... basically, the gist is; the world is currently caught in a debt trap, and world Govt's cannot allow normal-to-high interest rates or the financial system would go bust ... which is why the Bank of England, the FED, and a bunch of other banks have been manipulating interest rates since at least 2008 to artificially very low levels....


        Paul Craig Roberts - Libor Fraud Now Part of the System
      - YouTube
   (http://www.youtube.com/watch?v=Z3CEnIKui0k)



Aug 21, 2012 - Belize to give bondholders 20¢ on dollar in worse-than-Argentina debt offer ....


Belize, the Central American nation that’s home to 333,000 people and the largest barrier reef in the Western Hemisphere, missed a US$23-million coupon payment yesterday on US$544-million of dollar bonds due in 2029. The government is unlikely to make the payment during a 30-day grace period, Finance Secretary Joseph Waight said in an interview....

Belize bondholders to get 20¢ on dollar in worse-than-Argentina offer | Economy | News | Financial Post (http://business.financialpost.com/2012/08/21/belize-offering-bondholders-20%C2%A2-on-dollar-in-worse-than-argentina-debt-offer/)




Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Goldcrow on August 21, 2012, 03:31:55 PM
tic-toc, tic-toc.....
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on August 22, 2012, 07:37:58 PM



Aug 21, 2012 - Belize to give bondholders 20¢ on dollar in worse-than-Argentina debt offer ....


Belize, the Central American nation that’s home to 333,000 people and the largest barrier reef in the Western Hemisphere, missed a US$23-million coupon payment yesterday on US$544-million of dollar bonds due in 2029. The government is unlikely to make the payment during a 30-day grace period, Finance Secretary Joseph Waight said in an interview....

Belize bondholders to get 20¢ on dollar in worse-than-Argentina offer | Economy | News | Financial Post (http://business.financialpost.com/2012/08/21/belize-offering-bondholders-20%C2%A2-on-dollar-in-worse-than-argentina-debt-offer/)





The CEO of Bullion Management Group, Nick Barisheff, says the yellow metal will hit "$1,900 per ounce by year end" ..... he lays out his case in a new book titled "$10,000 Gold".....



        Nick Barisheff - $10,000 Gold within 5 Years
      - YouTube
   (http://www.youtube.com/watch?v=3H-aHhSKOJ4)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on August 29, 2012, 06:46:05 PM
The USA just hit $16 trillion in debt yesterday... this makes the US the greatest debtor in the history of the world.  It took the United States government over 200 years to accumulate its first trillion dollars of debt. It took only 286 days to accumulate the most recent trillion dollars of debt. 200 years vs. 286 days...

Some Clear Thinking On 'The Debt' | ZeroHedge.com (http://www.zerohedge.com/news/guest-post-some-clear-thinking-debt)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on August 30, 2012, 06:24:37 AM
WOW!
Keep this info. coming, Bill.
Looks like the interest rates are going to stay at the absolute minimum for a long, long time-nobody can afford to pay the (debt) interest. There goes a lot of what's left in our pension plans.
Will all this debt ever end? ...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 03, 2012, 11:37:46 AM
A must hear interview with Billionaire Frank Giustra ... interview just uploaded earlier today;



        Full Interview With Billionaire Frank Giustra
      - YouTube
   (http://www.youtube.com/watch?v=9o30gNfPq_k)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 14, 2012, 03:57:38 PM
S&P downgrades U.S. credit rating for first time in history ...

August 5, 7:50PM -- Standard & Poor’s announced Friday night that it has downgraded the United States credit rating for the first time, dealing a huge symbolic blow to the world’s economic superpower ...

S&P downgrades U.S. credit rating for first time - The Washington Post (http://www.washingtonpost.com/business/economy/sandp-considering-first-downgrade-of-us-credit-rating/2011/08/05/gIQAqKeIxI_story.html)


US Credit Rating Downgraded Another Notch ...

Sept. 14 2012  --  US Credit Rating agency Egan Jones has cut the US credit rating again, this time from "AA-" to "AA"....

US Credit Rating Cut by Egan-Jones ... Again - US  Business News  - CNBC (http://www.cnbc.com/id/49037337)

Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: MI Iron Man on September 19, 2012, 01:35:08 AM
QE...Infinity

 Just when we thought the US Federal Reserve couldn't get any more retarded, they prove us wrong by doubling down on stupidity!

 Carpet bombing the U.S. with green backs would have been cheaper and more effective then the course they've been following.

 However that wouldn't have advanced Corporate Feudalism around the globe.

 Tic...Tock...

  Gentleman... where are my leaches... can't you see this patent is dieing we must cure him!

 Pretty sure the future will look at these butchers with much the same horror as we do looking at the 18th century doctor sure that he could have saved the man if he could have but "bled" him one more time. 

 If not for the damage inflicted on people around the planet, I'd laugh myself silly over what these "smart" men have come up with.
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on September 19, 2012, 05:58:14 AM
Yup, all those economic geniuses who urged free world trade, and said the loss of manufacturing and the associated jobs wouldn't hurt us, want to send even more jobs overseas. Wonder how they're explaining the rising unemployment these days? Lou Dobbs warned us about this but these knowlegable 'experts' knew better! ...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Aurelian on October 30, 2012, 11:25:23 PM
Won't be long now I don't believe
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on November 22, 2012, 10:06:56 PM
A Currency War simulation ....


Jim Rickards: Currency Wars Simulation - YouTube (http://www.youtube.com/watch?v=kdPkaCTdxBU)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on January 02, 2013, 06:30:31 PM
A very recent presentation from Kyle Bass - talks about the debt super-cycle; where it's been and where it's likely going...

AC2012 The Engtanglement KB - YouTube (http://www.youtube.com/watch?v=JUc8-GUC1hY)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: MI Iron Man on January 22, 2013, 05:07:32 AM
 Looks like the currency wars are swinging into high gear with the Japanese feeling they have no choice, but to join the race to the bottom.

 Germans want their gold back from the crooks at the New York Fed... good luck with that one guys...

 And now the elite want the serfs to give up their weapons, and bye god they need to have them before they start passing out the shovels!

Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on January 23, 2013, 11:43:34 PM
* Royal Canadian Mint starts rationing silver coins...
Royal Canadian Mint Starts Rationing Silver Coins | GATA (http://www.gata.org/node/12162)


* US Mint Runs Out of 2013 Silver Coin...
US Mint Sells Out of 2013 Silver Coins - ABC News (http://abcnews.go.com/Business/us-mint-sells-2013-silver-coin/story?id=18251966)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on March 18, 2013, 11:14:44 AM
* The Country of Cyprus proposes to confiscate up to 10% of all personal bank deposits to bailout Cypriot banks ...

Confiscating Bank Deposits – The Latest European Bailout - ForexNews.com (http://www.forexnews.com/blog/2013/03/17/confiscating-bank-deposits-the-latest-european-bailout/)





* Cyrpus Govt. declares Bank Holiday Monday (banks closed) - originally planned for just 1 day .... now extended for 3 days ...


      Cyprus banks to remain shut Tuesday and Wednesday: government source
| Reuters

 (http://www.reuters.com/article/2013/03/18/us-eurozone-cyprus-banks-idUSBRE92H0M120130318)

Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on March 19, 2013, 12:03:31 AM
* The Country of Cyprus proposes to confiscate up to 10% of all personal bank deposits to bailout Cypriot banks ...

Confiscating Bank Deposits – The Latest European Bailout - ForexNews.com (http://www.forexnews.com/blog/2013/03/17/confiscating-bank-deposits-the-latest-european-bailout/)



* Cyrpus Govt. declares Bank Holiday Monday (banks closed) - originally planned for just 1 day .... now extended for 3 days ...


      Cyprus banks to remain shut Tuesday and Wednesday: government source
| Reuters

 (http://www.reuters.com/article/2013/03/18/us-eurozone-cyprus-banks-idUSBRE92H0M120130318)





Sinclair - Cyprus Disaster Is Much Bigger Than Being Reported;

“People need to grasp that this is not about $130 billion.  The real dollar figure is orders of magnitudes larger than that number.  How much higher we’ll never know, but it is massive.  This is the Bank of Russia we are talking about here.  The Central Bank of Russia is for the people in Russia.  What the IMF went after here is the central bank of the Russian elite and former KGB....

Part of the result of all of this is the Russian elite will now move heavily out of currencies and into gold.  Going forward, the Russian sovereign entity will now support the price of gold and it will be for the benefit of the Russian oligarchy.  This will also serve to bring Russian and Chinese financial interests closer together, and, in time, will finally result in freeing the gold market from Western price manipulation and influence....


This IMF catastrophe in Cyprus is literally a landmark event in history, and the single most important event in the entire history of the gold market.

Cyprus Disaster Is Much Bigger Than Being Reported (http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/19_Sinclair_-_Cyprus_Disaster_Is_Much_Bigger_Than_Being_Reported.html)


 



Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on March 19, 2013, 09:45:50 AM
* The Country of Cyprus proposes to confiscate up to 10% of all personal bank deposits to bailout Cypriot banks ...

Confiscating Bank Deposits – The Latest European Bailout - ForexNews.com (http://www.forexnews.com/blog/2013/03/17/confiscating-bank-deposits-the-latest-european-bailout/)



* Cyrpus Govt. declares Bank Holiday Monday (banks closed) - originally planned for just 1 day .... now extended for 3 days ...


      Cyprus banks to remain shut Tuesday and Wednesday: government source
| Reuters

 (http://www.reuters.com/article/2013/03/18/us-eurozone-cyprus-banks-idUSBRE92H0M120130318)




Now New Zealand considering a Cyprus like "savings confiscation" solution to bailout their banks ...



National planning Cyprus-style solution for New Zealand | Scoop News
 (http://www.scoop.co.nz/stories/PA1303/S00306/national-planning-cyprus-style-solution-for-new-zealand.htm)

Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on March 19, 2013, 04:53:03 PM
* The Country of Cyprus proposes to confiscate up to 10% of all personal bank deposits to bailout Cypriot banks ...

Confiscating Bank Deposits – The Latest European Bailout - ForexNews.com (http://www.forexnews.com/blog/2013/03/17/confiscating-bank-deposits-the-latest-european-bailout/)



* Cyrpus Govt. declares Bank Holiday Monday (banks closed) - originally planned for just 1 day .... now extended for 3 days ...


      Cyprus banks to remain shut Tuesday and Wednesday: government source
| Reuters

 (http://www.reuters.com/article/2013/03/18/us-eurozone-cyprus-banks-idUSBRE92H0M120130318)




MP Nigel Farage's Message To Europeans: "Get Your Money Out While You Can"...

Farage: EU wants to steal money from Cypriots bank accounts - YouTube (http://www.youtube.com/watch?v=JMf_KwQ2Xlk)



Quest: Why the Cyprus bank bailout? - YouTube (http://www.youtube.com/watch?v=KJE5aMQmPFg)



Cyprus Bailout May Fuel Financial Crisis in the EU - YouTube (http://www.youtube.com/watch?v=8Q3WfUOhiC8)



AND ...


Bloomberg: EU Said to Discuss Cyprus Capital Controls, Longer Bank Holiday...

EU Said to Discuss Cyprus Capital Controls, Longer Bank Holiday - Bloomberg (http://www.bloomberg.com/news/2013-03-19/eu-said-to-discuss-cyprus-capital-controls-longer-bank-holiday.html)


Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on March 20, 2013, 06:16:22 AM
Bank runs like the one in Cyprus are real bad news!  They can spread like a wildfire to other weak banks and economies...Wil
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on March 21, 2013, 10:02:57 PM
The Debt Super-Cycle ... this one graph really puts whats happening into perspective ...

(http://imagesize.financialsense.com/http://www.financialsense.com/sites/default/files/users/u174/images/2012/national-debt-1940-present.jpg)

The Debt Supercycle Part II: On Borrowed Time  | James J Puplava CFP | FINANCIAL SENSE  (http://www.financialsense.com/contributors/james-j-puplava/debt-supercycle-part-2-on-borrowed-time)


Greg Mannarino gives some perspective on the US Debt chart .... it gets informative approx. 2 mins into the video ....

MUST WATCH! The Failing Financial System, Exploding Debt, Gold, And YOU. By Gregory Mannarino - YouTube (http://www.youtube.com/watch?v=Dh07qBnEapI)


Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on March 23, 2013, 04:00:12 PM
The next country to have it's bank deposits targeted for confiscation?... the following graph shows the countries with the highest percentages of uninsured deposits (circled in red) located in the EU;


(http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/03/20130323_depo_0.jpg)


Unsecured Depositors ... Get The Hell Out Of These Countries | Zero Hedge (http://www.zerohedge.com/news/2013-03-23/unsecured-depositors-world-unite-and-get-hell-out-these-countries)





Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on March 24, 2013, 02:48:18 PM
The next country to have it's bank deposits targeted for confiscation?... the following graph shows the countries with the highest percentages of uninsured deposits (circled in red) located in the EU;


(http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/03/20130323_depo_0.jpg)


Unsecured Depositors ... Get The Hell Out Of These Countries | Zero Hedge (http://www.zerohedge.com/news/2013-03-23/unsecured-depositors-world-unite-and-get-hell-out-these-countries)







March 24/2013 -- Dutch ABN Ambro To HALT Physical Gold Delivery....


Dutch ABN Ambro To Halt Physical Gold Delivery | Zero Hedge (http://www.zerohedge.com/news/2013-03-24/another-gold-shortage-abn-halt-physical-gold-delivery)


Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on June 08, 2013, 06:53:31 AM
The impact of QE is diminishing ....

Marc Faber: QE Unlimited, Will Never Gonna End, But The Impact Is Diminishing - YouTube (http://www.youtube.com/watch?v=nxKsEecZktE)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 18, 2013, 08:08:46 PM
The FED decides it can't slow-down it's MONEY-PRINTING ... it's full steam ahead with the PRINTING PRESSES...

Gold and Silver Soar As Fed Rejects Tapering and Revs Up The Printing Presses (http://goldandsilverblog.com/gold-and-silver-soar-as-fed-rejects-tapering-and-revs-up-the-printing-presses-0513/)



(http://www.merkinvestments.com/images/2013/2013-09-17-bernanke-hands-over-control.jpg)
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Tickletime on September 18, 2013, 09:40:53 PM
Yup, they should have eased off the printing. It's not that the public couldn't afford a interest rate hike of a couple percent, it's the US Gov that can't afford it!. They are so into debt that 1% rise will make national debt payments impossible. loss of confidence of the US dollar is just around the corner, then the hyperinflation starts. Unfortunately it's going to happen sooner than one would wish it too...
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Bill_Carson on September 18, 2013, 10:42:01 PM
Yup, they should have eased off the printing. It's not that the public couldn't afford a interest rate hike of a couple percent, it's the US Gov that can't afford it!. They are so into debt that 1% rise will make national debt payments impossible. loss of confidence of the US dollar is just around the corner, then the hyperinflation starts. Unfortunately it's going to happen sooner than one would wish it too...

Projected US debt default by mid October 2013 .... hold onto your Gold, we may be back over $1,600 p/oz before you know it ....

http://www.treasury.gov/initiatives/Documents/082613%20Debt%20Limit%20Letter%20to%20Congress.pdf
Title: Re: 20 Reasons Global Debt Time Bomb Explodes Soon........
Post by: Wil on September 20, 2013, 06:52:01 AM
Scary!
And did you know the U.S. Federal Reserve Bank is privately owned? According to an recent article released on the internet it's run by a consortium of large banks-I didn't believe it at first: always thought it was a part of the U.S. federal government until a friend called up the release on his laptop yesterday.  Talk about the fox watching the hen house!
Just lucky I didn't bet any money on this one!   LOL   ...Wil