Stacy Summary: Some more interesting headlines I am reading this late morning. Anybody thinking retirement will no longer be an option for the non-oligarchic class?
- Bitter televised clash between Ahmadinejad and rival for presidency (but I thought there was only one democracy in the Middle East?)
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No retirement for me. I stopped paying into superannuation a few years ago because I couldn’t believe how governments could legally oblige us to pay a percentage of our earnings and the earnings of our employer into such a ‘shaky’ system that is the manipulated stock market.
Our last govt in Aus gave tax breaks for people to put up to $1 million into Super. People sold off property to take advantage of it. 6 months later….K-Booom. Poor unfunded retirees now relying on state pension.
I plan to just find a nice part time job to keep me busy and solvent.
Then only to announce on national media that that pension in fact maybe abolished in 4 years! Funded retirees is a myth for the majority.
Max keeps wondering WHEN the “Sheep” are going to wake up & riot. I say no way till this fact + large inflation hits them.
Then & only then
Mike
@summers story, They might want their gold back..I still believe it is the intention of Trichet/ Merkel to move with the US until the US breaks. There is no use in breaking up Europe in the process, although the US/IMF might want to see that happen.
It is logical relations around the world reshuffle anticipating the waning military might of the US..
The pension news is purly disgusting to me, I know a former large persion fund director, and when asked he finds it utterly preposterous to be attributed any responsibility for the current mess. His pension is safe. Sadly he is the boyfriend of my aunt, who followed his advice against mine and invested in bonds instead of gold. Oktober 14th (when they expire) is a long way away..
Made a video that could be improved upon, wish I had better equipment.. http://www.youtube.com/watch?v=TIIg-HYw_3o
Btw, I am also a webdevelopper..
Yo Mini US,
Don’t forget you can start a self-managed super fund in Aus. That is what I did and bought gold and silver bullion, and I will be payed an extra $1500 for doing so
I recommend checking out http://www.esuperfund.com.au – they only cost $600 per year
Thanks FS (love yout nick by the way)
Makes sense. I don’t trust fund managers who get paid whether fund rises or falls – “Its just how it is at the moment”
Thanks for link.
@ME … “Brief History of Ownership Part 1″
http://www.youtube.com/watch?v=TIIg-HYw_3o
Good series .. well explained.
@Stacy .. “US Health Care”
JustFYI…
… the “Schwarzbuch USA” mentions that the average legal insurance for a US gynacologist is 150,000 US$ per year !
Also mentioned was that the Democrats support the Lawyers Lobby whereas the Repubs. do not.
Bush’s Texas State was extreme in this respect, i.e. difficult to prosecute Companies.
Interesting that Obama’s profession is the “legal profession” .. AFAIK !
Re: who Iranian elections. I am a great believer in the idea that my enemy’s enemy is my friend. I look around the world and I see the countries that are villified by the empire, eg. Iran, Venezuela, Cuba, etc. What do all these countries have in common? No central bank and a wish to keep their nations soveriegn. They also tend to believe in peace, love and brotherhood (don’t believe all you read in the press about Iran – most of it’s rubbish and only spouted because they are a threat to Israel and so they should be). Whenever I listen to Armadinijad I can’t help but be impressed, but you have to really listen to him and remove the part of your brain that is brainwashed. I am worried that anyone trying to replace this president has been bought off and is owned by the oligarchs, just as it was with the Shah. Now, more that ever, this is a real threat to Iran and if I were voting in Iran it would Armadinijad who would get my vote.
Re: Cuba. It never fails to amaze me the amount of ignorance there is out there regarding Cuba. Again, America’s propoganda machine has worked wonders. Oh if only America had the same level of education and health care as is provided by Cuba to its citizens and to anyone who comes seeking healthcare for that matter. I salute Fidel Castro.
Re: MP’s criticism of the BBC (Big Bullshitters Corporation). How interesting. So the state is going against state television. Wonder why.
yes actually i can’t believe what a scandal headline cleaner you are…
…
ok a sign i think that points the the hijacking of civil descent and obedient people taking over.
for over a year now one of the three largets and supposedly more serious papers in Flanders was getting into trouble.
there was not much news already this past time it was going downhill.
but in recent magazine they had an interview saying EVERYONE who actually stood up and gave the slightest notion of confrontation or some personality… they all got kicked out.
now they got rid of another ten people or so.
there is absolutely NO voice left there, so the empty shell is getting more empty.
sorry to bring you this insignicant news from my part of town.
but its sort of a metaphore for something.
…
there, delivery of a fact, this is very strange to me.
i like preaching a lot more.
philosophy and imagination.
not those ugly facts from reality.
REALITY IS UGLY! REASSES THE ROMANTIC SPIRIT!
Maybe somewhat Off-Topic , but not in my opinion , so I hope Stacy doesn’t mind me diverging ( all the time ).
Armstrong Economics – Understanding the Real Economy
http://www.scribd.com/kzuur58
At the bottom of page 22 :
…. ” The Dow Jones Industrials bottomed in July 1932. They rose into 1937 as a hedge against inflation. Only the uneducated will tell you that stocks look ahead to the economic conditions. Roosevelt won and even the night of the elections he denied the rumour that he intended to confiscate gold as absurd. Of course, that was the first thing he did upon enetering office. The Dow Jones Industrials rallied “not” on the absurd “claims” that confidence was returned and magically there was a expectation that the economy would turn. It was a hedge against the expected devaluation of the dollar, not that the economy would turn. Borrowing did not return. Gold was no longer an option and the decline in the value of the dollar would cause the tangible assets to rise in proportion to the decline of the dollat. The Dow became a hedge against inflation. It has retained that role. ” ….
I would recommend everyone to start reading his articles .. they are excellent IMO. If you start from his first article where he explains “why” he was arrested, your hair will stand-on-end !
The above article mentions the “Waterfall Effect” .. start with this article if you want .. print it out and take it to bed to read slowly.
PS:
I recommend using the “Save” option to store the file as a PDF …. makes reading easier. In order to “Save”, you have to register, which is free but requires an Email address.
Are we entering a puppet governments era? It always strikes me how brave the old politicians where. This basically meant intimidation was always there, but the intimidators had some moral fiber.
In Holland known criminals can openly defend their position against each other and an sometimes dodgy judiciary in the media, as if they where politicians!
@mother earth no nooo, not a puppet govermnment, i disagree totally, i said it in my previous message i gave an example its a vacuum, they speak of change and hope, but they merely contineu what they built before, roads, traffic, lots of traffic, good sound economy.
THEY HAVE N’T got a CLEU!
really they are completely dazzled!
its empty in betweens the ears, and you have to agree, if they are moments away from wrecking the whole economy, they could as well NOT be puppets to finance and big capital… they are not wolves, they are sheep in wolves clothing!
…
at stacy.
i know i’m a bit of a freak here.
will you just satisfy my curiosity in any way about more information on piratemyfilm?
is the processing going ok?
is there any information on how it will actually work?
or anyone here know some site with an explanation over the actual mechanism of this idea?
sorry, no silly question.
but i believe this pirate my film tweeter is beside the point, it should not alsso be doing politics and all that, it might already broadcast some ideas that are going around there behind that piratemyfilmfrontpage.
ok i admit i am myself OVER ambitious AND dying to know where all those other ambitious establishment demolishers are!!!
plzzzzz.
i know i’m making sense!
@Max & Stacy
Did you already notice how a rising oil price indicates further demise of the dollar?
People that flee the dollar do not just buy yellow gold to be safe, but also accumulate the black stuff. As they cannot store it under their matrasses, they park it at see.
Analysts call this contango, but it really is a bit more than that. With ever declining news we could have expected the oil price to drop below $30. Now that it’s closer to $60 we can assume the difference indicates massive storage of wealth outside of the dollar by some.
Something I watch every week :
*** The news you should have heard this week, but didn’t. ***
This week :
ICN Informed Citizen News 05/31/09
http://www.youtube.com/watch?v=zXKE5bSzAr4
I give them a 5-star rating.
You can retire but your retire money will turn into sand and slip through your fingers once the inflation has kicked in. Unless you’ve got gold which not many have.
Loss of “retirement” years is just another step in the decline of the US standard of living that has been going on for the last 50 years.
My grandfather solely supported his family working as a manager at a grocery store his whole life. Got a gold watch and pension when he retired. Left my father an estate worth about 10x of his annual salary.
Both my parents work. All their “savings” was derived from housing price inflation. These “savings” were tapped by HELOC loans in order to invest in granite countertops and stainless steel appliances. Their 401k is wiped out, they will never retire.
I’m college educated. Living in a condo half the size of my parents starter house. Driving a 6yr old car and have no savings account to speak of. Still havent paid off my student loans. My wife and I will have to work, one of our parents are going to have to watch our kids. Then when our parents get old they’ll use up what’s left of their net worth on healthcare and probably end up moving in with us.
What’s the future for my kids? Live with your parents until your 30? Move out with a 100 year morgage paid for by working 2 jobs?
What scares me is the relentless way our living standard is collapsing. With seemingly no hope of even leveling off let alone improving.
LOVE the story about the ‘German Problem’. I sure as hell hope the Germans take rightful possession of their gold. I have read many stories about how the gold manipulation by the American polibanksterticians may indeed be coming to an end once and for all.
Many of the tales about the illuminati forget to take one thing into consideration, which would put the illuminati nonsense to rest. It is the fact that some groups that have power on a more local level will do what it takes to hold onto that power. It means those localized powers will have to act contrary to the dictations of the US. There are other countries that are starting to run away from the America’s economic façade because they are choosing to act in their own best interests and rightfully so.
The paper game played by Americans, at the advice of the DC polibanksterticians and their cronies in the media and on Wall Street, is starting to be revealed for the fraud and sham that it is. I personally am witnessing some wealthy individuals invest all of their capital, CDs, bonds, and 401K’s, 100% in gold. These wealthy individuals are the same ones that are now pointing to GATA and their newsletters. They seem to understand that the unveiling of the truth has begun.
Too bad I didn’t learn earlier myself and didn’t stop living like a thousandaire, I mean hundredaire, while digging myself into this prospector’s hell in which I know live. Of course apathy breeds ignorance and that is what allowed me to not act in my own best interests according to true economic understanding. I know differently now, but I sure feel foolish for believing the propaganda that allowed me to make sure horrible decisions.
Anyone want to buy a $244,400 house for $252,000 in the states? 4 bedroom, 2.5 bath, 2 car attached garage, full basement, 2,500 square feet? High cathedral ceilings, oak woodwork like it was paint, and lake in the back? It is in a suburban neighborhood 20 minutes from any work what-so-ever and placed conveniently by a nuclear plant. The area is filled up with ignorant sheep that go on vacation constantly, file bankruptcy like it is a fashion trend, and most support Dear Leader Obama while believing in his hype because he is a Democrat as opposed to a Republican (like it fucking matters). Anyone? Hello?!?!?!
This is great ! Does this German vs Summers story have some real legs ?
I sure hope so, this is what we need, its all we need at this point.
Things are bad in the US yet illegal Mexican migrant workers have no options at all for employment in Mexico, so they venture north.
I spoke to a couple of guys the other day and they said that the corruption in Mexico is so bad that they can do nothing. I asked them if they have a second amendment allowing them guns, they said fire arms are illegal in Mexico. and I said “yeah, it is easier to protect the wealthy if no one has any guns, bienvenido a fascismo!”
@Tim Gandee, Hey Tim I’ll trade these I have here, now there not just any oul beans…
p.s. I pulled my retirement and bought silver when silver was at $11USD an ounce. Why let someone else manage my money away from me.
@Tim Gandee, Hey Tim I’ll trade these beans I have here, now there not just any oul beans…
@David
HAHAHA. I am good on the beans. Growing tobacco and gathering gold and food. Paying off debt quickly and just covering my ass at this point.
A smart man learns from his own mistakes, but a wise man learns from others. I am a bit smarter now, but still have a ways to go.
NEW YORK (CNNMoney.com) — Treasury Secretary Tim Geithner is struggling to unload his million-dollar manse located in a posh New York City suburb. And like so many other Americans, he’ll probably lose money on it when he does.
Geithner and his wife Carole put their 5-bedroom Tudor-style home in Larchmont, New York on the market for $1.635 million in February, just days after he was tapped by the Obama administration to help lead the nation out of the worst economic crisis in a century.
The Geithners paid a premium for the house when they bought it in 2004, plunking down $1.601 million after a bidding war. The “exquisitely renovated” home was originally built in 1931, according to a listing for the 0.2 acre property.
“When the house first went on sale it was very evident that he was not going to get what he paid for it,” said Scott Stiefvater of Stiefvater Real Estate in Pelham, N.Y. “He was [bound] to lose some money.”
@ Tim Gandee,
Re: your comment: “I personally am witnessing some wealthy individuals invest all of their capital, CDs, bonds, and 401K’s, 100% in gold.”
Do you happen to know where or with whom they are investing/buying gold from and if it is being stored off shore?
I ask because I am considering selling my house (whilst I still have a chance of selling it for something other than beans) and investing the proceeds in gold. Just not sure how risky that would be.
@Tim Gandee, hiya, two and half years ago I was feeling pretty pleased with myself having sold my house in London and banged the proceeds into gold, left London moved back to Ireland thinking it would be a better place to sit out the calamity we’re in for, well what a mistake that was, it beggars belief the complete hames they made of the country. I’ve had to reconcile myself to the fact that I will have to live out my life in geentel poverty.
Tomorrow the country go to the polls for the EU-MP elections, hopefully the Gov. will be slaughtered and force an election.
Be lucky.
@sharon
This individual is one that I know and is a close friend. He is taking physical possession of said gold, but is storing it in Bank Safety Deposit boxes, which I strongly urged against.
Physical possession is the way to go. Some people talk about confiscation, but under FDR that confiscation was for anything over 5 oz. I would not be too concerned about the gov’t taking it though. They can’t even round up Mexicans in America, so I doubt their ability to raid gold. They will have to rely on voluntary submission and anyone that has bought gold/silver because of the unveiling of the truth will not just voluntarily give it up to the Federal goons.
Good luck on your decision. My question is, does one need a passport to leave their country or just to reenter? HAHA
@David
Good luck and I am sitting where you were 2.5 years ago. Should I stay or should I flee? Stay it will have to be.
I fear there is no political solution to the mess here in America. Most here are ignorant to the impending doom and prefer to ignore reality.
Our community was safe from foreclosures up until this past week. Two houses were foreclosed upon just recently, and three others coming. This is for an area of just some 60 houses and 80 condos.
I made my bed, so I guess I will lay in it.
@tg
polibanksterticians……….super-polibanksterticians?
@Mr. Supergeek…
They possess no super powers any more in my book.
Let the mele begin.
@ Tim Gandee,
Thanks for the info Tim. I live in England and I am hearing that it will be locked down shortly (poss. this year) so no entry or exit. I wouldn’t be at all surprised if they didn’t come hunting for any thing of value. The whole agenda is about getting rid of the middle classes and making slaves of all of us and obviously there will be a trail for them to follow. I guess you’ll have more chance of protecting your valuables in America if you’re armed. Who knows?
No worries Mini US,
One of my neighbours works as a manager at superannuation company call centre and even he is investing into bullion at the moment!
That is not to mention that it looks like a lot of Australian Superannuation funds made the brilliant decision of investing to the commercial property market which according to the Property Council of Australia will impact on “jobs, superannuation benefits, small businesses, housing and social investments, and mum and dad investors.”
http://www.aph.gov.au/Senate/committee/economics_ctte/abip_09/submissions/sub06.pdf
I forgot to include this part:
“More than 10% of the
industry fund investment pie
is allocated to non-residential
property. This exposes 10.4
million Australians to an
artificial collapse of
commercial property values.
A needless fire sale will slash
property values way beyond
supply and demand
fundamentals –this would
result in lower income and
investment returns for
retirees and greater pressure
on the social welfare safety
net.”