fabijo's account talk

[fabijo]

How's this one? Since we stretched ourselves so thin around the world, we are unprepared to defend ourselves at home. Let's get ready for that whole martial law thing! :suspicious:

Military Examines Role In Domestic Defense
http://www.cbsnews.com/stories/2008/11/25/national/main4631564.shtml?tag=topHome;topStories

Defense Secretary Robert Gates on Monday ordered his top department leaders to conduct a broad review to determine whether the military, National Guard and Reserve can adequately deal with domestic disasters and whether they have the training and equipment to defend the homeland.

Arnold L. Punaro, who was chairman of the commission, welcomed Gates' recommendations Monday, saying that improving the military's role in homeland defense and enhancing the clout of the reserves "represent a historic break with the past."

"Make no mistake, his decisions are aimed at landmark changes (there's that change word again!), changes that are essential if the Guard and Reserves are to remain fully capable of meeting current and future threats," said Punaro.

 

[mojo]

Obamas civil defence security force? Whats this for?

http://www.youtube.com/watch?v=gwaAVJITx1Y&feature=related

Rahm on the subject

http://www.youtube.com/watch?v=rVf8b0JSGsE

 

[fabijo]

Obamas civil defence security force? Whats this for?

http://www.youtube.com/watch?v=gwaAVJITx1Y&feature=related

Rahm on the subject

http://www.youtube.com/watch?v=rVf8b0JSGsE

mojo, that is some sick $#!7. I knew of Obama's statement. I had never heard about Rahm's ideology! crazy.

 

[Silverbird]

So, Silverbird, are you saying you are employed by the U.S. Department of the Treasury?

No way, Commerce, International Trade Administration. I keep half an eye on finance, though. I'm waiting to see who is USTR, even though that person is NOT my ultimate boss, because he or she is going to determine the overall themes which I will have to track. Secretary of Commerce, with diverse divisions like NOAA, Census, and International Trade, spends most of his/her time steering a very huge ship. This is especially true with a Census coming up in, I think 2010, which has been started up on a shoestring and a joke.

 

[Silverbird]

How's this one? Since we stretched ourselves so thin around the world, we are unprepared to defend ourselves at home. Let's get ready for that whole martial law thing! :suspicious:

Military Examines Role In Domestic Defense
http://www.cbsnews.com/stories/2008/11/25/national/main4631564.shtml?tag=topHome%3btopStories

Are you surprised? Just about all of the National Guard and Reserves got sent overseas, and many were stop-lossed to boot (because their deployment rules have more holes in them than regular armed forces because it was never considered that they would be sent overseas for any extended period of time). Currently, IMNSHO, the only way to nearly ensure that you stay in the US as national defense is to join the Coast Guard.

 

[fabijo]

HILARIOUS!! :nuts: This video is a small compilation of clips with Peter Schiff in 2006 and 2007 predicting this collapse, while everyone laughed at him.

 

[fabijo]

Prepare for some serious inflation.

Citigroup says gold could rise above $2,000 next year as world unravels
http://www.telegraph.co.uk/finance/...e-above-2000-next-year-as-world-unravels.html

Gold is poised for a dramatic surge and could blast through $2,000 an ounce by the end of next year as central banks flood the world's monetary system with liquidity, according to an internal client note from the US bank Citigroup.

The bank said the damage caused by the financial excesses of the last quarter century was forcing the world's authorities to take steps that had never been tried before.

This gamble was likely to end in one of two extreme ways: with either a resurgence of inflation; or a downward spiral into depression, civil disorder, and possibly wars. Both outcomes will cause a rush for gold.

 

[Show-me]

And, physical metal is hard to get your hands on. Silver coins and bars are very hard to find.

 

[justbizness45]

And, physical metal is hard to get your hands on. Silver coins and bars are very hard to find.

These guys will sell you all you want. The problem will be keeping it safe IMO, not getting you hands on it.

http://bullion.nwtmint.com/gold_bars.php

 

[justbizness45]

You can also buy gold nuggets off on-line auctions lke Ebay. If you are patient you can actually buy below or at spot price. Most nuggets are 18K or greater.

 

[Show-me]

These guys will sell you all you want. The problem will be keeping it safe IMO, not getting you hands on it.

http://bullion.nwtmint.com/gold_bars.php

One of my favorite sources but I hear they have a huge lag in shipments.

 

[fabijo]

I guess we could also rush over to California and start digging. I heard of some people finding large nuggets there.

.

.

Oh, wait. I think that was a few years back.

 

[KevinD]

Always wanted to give this a shot...

Metal detecting for gold nuggets is also referred to as "Nuggethunting" or "Nuggetshooting." Nuggethunting is a field of gold prospecting and mining, in which the hobbyist uses a metal detector to search for gold nuggets & deposits near the surface.
http://www.nuggethunting.com/

 

[KevinD]

:nuts:

While detecting may limit you to fewer sites and more time between each nugget you find, the fact is that successful detector operators tend to find gold nuggets far larger than the finds of the average recreational miner. Detecting is not nearly as physically demanding as most types of mining, and lends itself well if you enjoy roaming freely rather than working hard at a single site.
http://www.akmining.com/mine/detgold.htm

 

[justbizness45]

I guess we could also rush over to California and start digging. I heard of some people finding large nuggets there.

Oh, wait. I think that was a few years back.

They are still there in N. CA. I have prospected some and it is cheaper for me to buy a nugget on Ebay than go get one myself. JMHO

 

[fabijo]

Cool. I think I'll go detecting instead of working. Forget wandering around outside looking for gold. I'll just wander the eBay site or the rest of the Internet in prospects of finding gold. Or at least some loophole that gets me lots of free stuff.

 

[fabijo]

Looks like there may be about $2 Trillion less spending

Credit-Card Industry May Cut $2 Trillion of Lines
http://www.cnbc.com/id/27993643

The U.S. credit-card industry may pull back well over $2 trillion of lines over the next 18 months due to risk aversion and regulatory changes, leading to sharp declines in consumer spending, prominent banking analyst Meredith Whitney said.

 

[Show-me]

I have always said, next bubble to pop. I heard story from Clark Howard radio show about a card company with a monitoring program that cuts off your credit card if you shop at what they consider undesirable stores.

Great signature.

 

[ATCJeff]

I have always said, next bubble to pop. I heard story from Clark Howard radio show about a card company with a monitoring program that cuts off your credit card if you shop at what they consider undesirable stores.

Great signature.

That would be AMEX.

 

[fabijo]

Woohoo! We are above 8,000!

Dow Hits 8,000, Another Bull Market Milestone
http://articles.latimes.com/1997/jul/17/news/mn-13600

The roaring U.S. bull market in stocks passed another milestone on Wednesday, as falling interest rates and surging corporate earnings helped send the Dow Jones industrial average to its first close above the 8,000 level.

Long-term bond yields tumbled on the inflation news, sending the yield on the bellwether 30-year U.S. Treasury bond to 6.48%, down from 6.54% on Tuesday and the lowest since last Dec. 9.

The slide in bond yields in recent weeks could set the stage for lower mortgage rates ahead, potentially giving another boost to the California housing market, where sales have been robust lately.

More important from Wall Street’s view, falling interest rates and low inflation are almost always positive for stock prices, in large part because they make interest-paying competitive investments, such as bonds and money-market securities, as well as hard assets such as gold, seem far less attractive compared with stocks.

Thursday, July 17, 1997