Silverbird's Account Talk

[Steadygain]

Not anytime soon because no country is willing to step forward.

Totally agree -- or the combination is one no one would expect.

For NOW - the dollar has to remain 'the base' until stability and strength.

Do not get me started on gold - there are practical uses of gold which are just being artificially inflated in price at the moment.

I wouldn't dare -- you'll find I'm pretty easy.

A basket of currencies is possible, but I've heard that one before - how do you figure out the percentages represented by what currencies and who gets in?

I'm not sure if you want me to answer this - so I hope this is okay. The Nations 'in control' will undoubtedly have the greatest influence -- and the ones in the deepest debt to them will have the least influence.

I personally believe a 'paperless' system would be the most practical and would have numerous advantages over the 'dollar' and over multiple currencies.

It's kind of amazing you're asking me this question now.(Today) Up until recently the USA was as much the Super Power because of their longstanding economic power (as Nuclear/Military Power). BUT the Percentages would have to be an accurate reflection of the Economic Conditions --- and who gets in would all the more be weighed on that. There are a number of Nations with very Solid Standings and they would have to take priority. Some currencies may simply be 'dropped' and considered worthless.

By the way, I am of the school that thinks no more QE's as they are not really effective with nearly 0 interest rates - there is a certain point where pushing the noodle just doesn't push it forward anymore.

I'm honored -- seriously because I consider you way smarter than me.

But doing nothing could also do really bad things for U.S. economic confidence, I'm not a specialist in monetary policy, and I never really "bought into" the monetary side of economic theory either.

Fortunately 'Doing Nothing' can not persist with all that is happening today. The population at large is saying no more BS -- and it's no longer a Rep or Dem thing -- it's a get in there and make things right thing.

So the poplulation at large is demanding changes -- at a time when Corporations can (and will) spend as much as they need. My guess is the population at large will win the battle - but many huge changes will have to be implemented (such as reducing the parasites to a small fraction).

The problem more than likely stems from the Government itself being far too big -- and unmanageable -- and wasting money on 'pork projects' and excessive military stuff - and the top 5% having 90% of the wealth. First we need to get the Governments trimmed down and wholly accountable to 'the people' - then improve International relationships - then work on reducing the top 5% (here I do NOT mean carelessly making all things equal - but I mean making a way those without jobs -- to earn a living and reward them for the work they do).

Thanks for visiting with me --

 

[Steadygain]

Silverbird,
I think of you when I'm mauling on really deep stuff - because you know your stuff and I value your input.

This may be a discussion that could go on forever -- but I've pretty much expressed everything I wanted to get out.

If I bring up anything -- AND you're not in the mood to go further -- that's cool -- I promise -- and I respect that.

But... I would like to hear your thoughts ...

if you change to anything else .... I'll leave it alone.


Steady

 

[Silverbird]

Am I a worrywort? Continuing Resolution Ends December 3, what is the chance of an extention (or a budget - hope springs eternal) being passed on time to avoid an "oops out of money" furlough? Quacky Quacky, we are depending on peg-legged Duckys! :worried:

 

[Steadygain]

Am I a worrywort? Continuing Resolution Ends December 3, what is the chance of an extention (or a budget - hope springs eternal) being passed on time to avoid an "oops out of money" furlough? Quacky Quacky, we are depending on peg-legged Duckys! :worried:

Yes my dear delightful friend you are a worrywort -- but that's mainly because you're willing to recognize the extent by which our difficulties are spread --- and would rather deal with reality than close your eyes and try to believe a lie.

First - almost half of the weight pulling down the handle are the ones who don't even pay taxes. The parasites NOW pretty much define the USA and they will be perhaps the hardest aspect to defeat.

To that I would say bring in 'modified slavery' - as that would be far superior to maintaining what has been ongoing for ages.

Second - they are already looking at Social Security - and tomorrow it will be the Roth IRAs and 'hidden bank accounts'...

Third - It's far more advantageous to raise our taxes and keep us working than to force a furlough. PLUS - that simply would not make since with the recent $600 Billion spent to stimulate the economy.

So fear not my feathured friend - the security of a Federal Job is unmatched compared to any other.

'out of Money' ??? What is the main message the 'new Congress' has been elaborating on?? The National Debt sign is right there and all of them have looks of concern and consternation.

We are already out of money -- we as the great Indian Warrior from centuries past would say: 'Are up the creek without a paddle'.

*******************************************************

Violins please (key of C) with flute and piano

We have heard the terrible 'doom and gloom' stories throughout our lives and have always rose above every rough period in the past. Hold strong dear woman -- for this too will pass and when it does ~ all of this will be as though it never happened.

 

[Silverbird]

Worry Wort Act II Scene 1: No other bills before the Bush Tax Cuts? Better hurry 'cause Continuing Irresolution is up for the end of the week!!!:nuts:

Senate GOP pledges to block all bills until tax dispute resolved
http://www.cnn.com/2010/POLITICS/12/01/gop.senate.demands/index.html?hpt=T1

 

[Silverbird]

Never mind, no other bills besides the Bush Tax Bill AND the CR. CNN report not quite correct.

 

[Steadygain]

Worry Wort Act II Scene 1: No other bills before the Bush Tax Cuts? Better hurry 'cause Continuing Irresolution is up for the end of the week!!!:nuts:

The episode may have been brief.... but sure got me on the edge of my seat..


Thanks !!! -- You ought to start a 'Groove and Trip Pad'

 

[Steadygain]

Hey -- you look pretty tiny; so I figured even I opened the cage you probably couldn't fly very far..


But ... I'm wondering ... if you could fly anywhere

...where would you want to go ??



and of course the question assumes it's void of tension and any political unrest -- war -- whatever ... so just stick with 'location'



I'd probably pick Finland -- or that area

 

[Silverbird]

Cockatiels' size is deceptive. They can fly very long distances, with maximum speed of around 50 mph. Which is why, if you have one as a pet, you need to clip its wings.

All I know about Finland is that they have one of the most colorful folklore traditions. Many of the stories are found in the Kalavela. They used to (and maybe even now) brew beer in their sauna rooms over the long winters. Over the long run, however, it's too cold for the cockatiel.

New Zealand is looking nice. But sticking here for now.

 

[Steadygain]

Well -- in a wonderful way she kind of fits in that realm -- but I have the absolute highest respect for her -- and there is no way I would ever even remotely clip your wings.

Gosh -- you seem to know your stuff -- and I was only thinkin' in the summer.

New Zealand would be incredibly wonderful !!!


I'll have to tell you a story about one of my friends who went to the Post Office after arriving in the good ole US of A.

Well heading home Twittie Bird -- have a good one

 

[Steadygain]

New Zealand would be incredibly wonderful !!!


I'll have to tell you a story about one of my friends who went to the Post Office after arriving in the good ole US of A.

Silverbird -- I heard you got 3 feet of show --- on top of another foot.

My gosh !!! Sounds like last year all over again

OK - Well the friend from New Zealand. She gets here and has to run out and take care of some things -- got some razors to shave her legs and went to the Post Office to mail something off.

So there is a really long line and she's in the very back .... waiting....

Well a woman at a little table behind her -- not in line -- is doing something and apparently needing some help.... so she calls out to my friend ... wondering if she has an eraser ....

OK -- So she's got this thick 'accent' and thought the lady asked her if she had 'razors' and was so taken .... by that question ... she shouts out WHAT ??? and half the people in line looked around ......

So this meek -- little woman at the table -- is trying to quietly show her something ... and my friend leaves the line -- Saying aloud -- 'What can I do for you'??

-- again drawing a lot of attention from the population of a small town

Well the meek -- woman -- descretly and bashfully holds up a pencil and shows her the 'Eraser' is missing....

and..... my friend shouts out really loud 'NO I DON'T HAVE A RUBBER' :laugh:

The meek precious lady flees the building and my friend gets back in line...

Well the jungle in New Zealand gets more rainfall than any other place on Earth -- but for visiting it's beautiful !!

Hope all is well -- and especially hope you're safe

Steady

 

[Steadygain]

Hey darlin' - - glad to see you're back

As soon as I got home last night I asked my daughter if it was the Washington - Farifax area that got all the snow -- for fear you'd think I was an idiot :embarrest::notrust:

Well she and my wife -- both look at me is total surprize -- their mouths dropped in shock ...and I realized ..... ohh NO !!!

It turns out my my neice -- at college in PA -- got all that snow....


sorry -- never mind --

well -- I've got to run and take care of some stuff

 

[Silverbird]

Groundhog Day! Next Continuing Irresolution Due December 18. House has passed it, Senate has not yet done so.

But there is a little wrinkle here, Senate committee bill is OmniBus complete with earmarks instead of Irresolution.

I really think that Bus is too big to merge, I just hope it doesn't cause a crash trying to horn in at the end of the year.

http://money.cnn.com/2010/12/14/news/economy/government_funding/index.htm

 

[Silverbird]

Yowsers! What's with the market today? It's on a pogo stick!

 

[Guest2]

Just wanted to say Hi and tell you that I've missed ya !

 

[Silverbird]

I never thought I'd be saying this, but Thank you China for raising interest rates, and nice timing - the stock volume is so low right now with Christmas and New Years that the market's grumble at the intrest rate change will be small change.

 

[Silverbird]

It's time to buy and hold :toung: (aka put in another IFT while I have time to think about it).

G 65
F 7
C 10
S 15
I 3

 

[Steadygain]

I never thought I'd be saying this, but Thank you China for raising interest rates.

You are ornery :toung:

 

[itsalady]

Hi Silverbird. I'm new and not certain that I am posting this message correctly.

 

[Silverbird]

Hello Lady, yes you posted correctly. By the way, although I am good at tracking news and economic trends, I am not good at investing due to extreme risk-adversity and sudden work assignments that make me miss the pre-12:00 deadline. So following the skitish bird's movements in investing usually isn't a good idea.

The good news: I have never lost money over any one year period in my TSP.
The bad news: I barely did better than G last year, and that's the way my investing usually goes!
:embarrest: