Forum Replies Created
- kylermrice wrote:As a owner of many guns and ammo, we have stock piles that the gov doesn't even comprehend.
Kyler.. is that you in there dude…??
The Freckle
lawsjs wrote:We are here BECAUSE we basically agree with you – and we aren’t buying silver. Or selling it – as you should be:)Oh come on Laws can’t you just disagree a little bit. You’re taking all the fun out of this thread.
The Freckle
PS I’ve bought another $15k of silver shares (little miner in QLD) over the last 2 weeks.kylermrice wrote:Everybody makes it sound rough, it's really not that hard when u have good people and system in place.I was watching a doco the other day about deserts. One part was about this 12 yr old kid in Mali herding cattle some 80km to water. He was racing against a herd of elephants to get there first. He slept on a mat near a fire over night and fed straight from cows with milk for food and liquids. When he got to the water hole several days later the elephants had beaten him. They blocked his herds access to water and actually charged the herd. He sheltered behind some fallen trees and brush but waved his stick and threw rocks at them to try and get access to water for his cows.
Another was about a 10 yr old girl learning to guide her camel train to a water hole 3 days walk into the Sahara desert. Only women in the tribe undertook this task. Her mother was teaching her how to navigate the great desert both day and night. The water hole was some 80km from any other known water. Miss it and you die because you can only carry enough water to get you there.
It’s all relative I suppose.
The Freckel
PS: I know you have an elephant gun under the bed for the more difficult hoods.kylermrice wrote:U kill me Freckle. Just like the time that lady bombed your thread and you called her out on it. just to dang funnyMy tolerance level for idiots and lack of manners is diminishing with age. As is eye sight, memory and penile function.
The Freckle
kylermrice wrote:As a owner of many guns and ammo, we have stock piles that the gov doesn't even comprehend.I think that gubermint of yours probably knows how much you’ve got and where you hide it.
It's a basic right we have always maintained to keep our freedom from tyranny and oppression of the inflated gov.
How’s that working out
Not supposed to have a hollow points, or automatic weapons but it hasn't stopped me
You realise now that your on 300 databases and the boys in black suits will be calling on you. I think you should run for it
There are a lot of issues here, if welfare and medicare are dropped it will be my tenants in the hood who will riot.
Time to tool up and get bad to the bone! You could turn your hoods in to real time arcade games
Obama passed a law to where our own military can be used upon our own people.
Seen that. Not to worry. The US army couldn’t keep 20 million rag heads from revolting what chance against 300 mil civilians each with 6 guns under the bed
I'll have to dig it up, i'm on my mobile and just can't look up or type as much as if i was at my computer.
Have the big screen HTC but I hate texting on phones full stop. I bought it to watch pornos on the go
The Freckle
Laws I understand your cash arguement in terms of no risk of forclosure however that’s only one part of the risk equation. The risk in the US market is from currency devaluation and nothing illustrates that better than the following graphic.
Gold is a static form of value for the most part. An oz today will by say 10 apples. In 20 years it will still only buy 10 apples. If we translate that into FIAT currency the 10 apples today may cost $1 but in 10 years they’ll cost $3.
In the last 5 years the US$ has lost around 60% of its purchasing power. Show me an investment that can keep pace with that kind devaluation and I’m all ears.
Foreign investors chasing US assets just don’t get it I’m afraid. They can’t get out of the US$ FIAT box.
This wouldn’t be so bad if there was fiscal policy to constrain US$ value loss but unfortunately that’s an actual goal of Fed and US Govt policy. The strategy is to try and inflate their debt down to manageable levels and hopefully the economy will kick back into life and growth will then solve the debt problem. The problem is that when you look at all the things constraining the US economy you soon come to realise that that is just a pipe dream promoted by desperate politicians chasing another term in office.
The only thing saving a total collapse of the US$ is that virtually every major central bank in the world is doing the exact same thing its just that the US is slightly more aggressive and is currently front running the pack. That however is causing major problems for economies like Australia whose dollar isn’t appreciating in real terms but currencies around it are devaluing. This kind of crazy race to the bottom through currency debasement distorts the FX market and generates endless problems for comparatively healthy economies.
China’s problem isn’t US consumption but shifting its economy from primarily export orientated to a more internal consumerist model. China has significant structural and debt problems to contend with and isn’t as healthy as many think. Growth is slowing and if China is to successfully restructure its economy into a more sustainable model it has to get growth down to around 3-5%. That’s a big problem for us but another story.
China isn’t buying Greek bonds Only the ECB will touch anything the smaller PIIGS need. China and Russia are slowly divesting themselves of US dollars held in the foreign reserve accounts though. They need to get out of US $$ to preserve their value.
Buy in a good area with guaranteed tenant
Short term I have no problem with that but on a cyclical basis a good area/good tenant today may be a broke tenant in a bad area tomorrow. My gut feeling is that renters may be more vulnerable than usual if another serious downturn eventuates. That could see rental areas take a serious socio economic hit. How that turns out is anyones guess.
There’s endless opportunities in these times but they’re much riskier than most think. There’s a lot of angles to cover and the last thing you want to happen is to get blind sided by some unexpected or supposedly benign event
I don’t think you guys are doing to much wrong apart from a few weaknesses in strategic thinking and maybe a little complacency on certain issues. If anyone’s capable of surviving in these times I think you guys probably have most bases covered.
The Freckle
KnoxOff wrote:thats more more bullets than americansYanks have never been renowned for accuracy.
US forces have fired so many bullets in Iraq and Afghanistan – an estimated 250,000 for every insurgent killed – that American ammunition-makers cannot keep up with demand. As a result the US is having to import supplies from Israel
http://www.abovetopsecret.com/forum/thread173251/pg1
Based on that Home Sec may have to order a few more. 450m will only get 18000 kills.
I think your tenants are safe
The Freckle
Virtually all mining is predicated on continued growth in China or at least maintaining current levels of consumption and GDP growth. Nothing I research with regards to China supports that contention.
Every plausible commentator I read sees continued corrections in China as it readjusts down to a sustainable stable growth rate which is likely to be less than 5%.
That will see substantial drops in commodity prices and volumes. That translates into a substantial reduction in resource capacity expansion. In fact I wouldn’t be surprised to see a contraction within the next 2 years albeit small. That virtually kills the massive demand for accommodation. Take construction out of the picture and mining town demand drops by 70%
GDP growth is slowing and fast.
To me it’s patently obvious that China will settle around 2000 yr levels. From memory I think iron ore was selling for less than $20/mt. That doesn’t even come close to cost now ($50 – 80/mt) depending on who you listen to.
The industry expects iron ore to settle around $140/mt. I think that’s overly optimistic to say the least.
The Freckle
