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Bye Bye Imperist scum, F*ck off with you Anglo-saxon empire & DIE!
Mike
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Bye Bye Imperist scum, F*ck off with you Anglo-saxon empire & DIE!
Mike -
Re: Well, that just about wraps it up for the Dollar !
& here is the British (Ango-saxon) responce:-
http://www.telegraph.co.uk/finance/f...d-to-fail.html
What a tosser!
At lest if you read the comments at the bottom you see that EVERYONE is NOT fooled !
Mike -
Re: Well, that just about wraps it up for the Dollar !
"Outside endemic corruption, uncertain or wholly absent rule of law, and relatively low per capita income and life expectancy, there wouldn’t appear to be much that unites this disparate collection of nations."
What you mean like MF Global?
The BRICS are CREDIT-ter nations, they put the likes of Jamie Dimond is Jail Or Worse!
MikeComment
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Ed.Comment
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Re: Well, that just about wraps it up for the Dollar !
"...nothing in common"
"...........Nothing in common with each other"
my enemy's enemy is my friend
Japan is a basket case,a Radioactive basket case..........which just leaves China......with her hand holding one conner of the rug wait to wrip it from under America's legs!
Ho Ho Ho
Mega
Ps, note now the British scum are dumping $ !Comment
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Re: Well, that just about wraps it up for the Dollar !
Hmm, actually, everything here is quite normal now and has been for some time, except of course for the Fukushima area. Still, one should bear in mind that the damage (so far) from Fukushima is less than 5% of the damage from the tsunami.
Only about 200 people were directly killed by the quake, which when you consider that 50 million people were shaken violently for 3 straight hours, seems kinda unbelievable. Everything performed as well as could be expected. Of those in the tsunami zone, 90% were evacuated. Even more could have been saved, but the power went out and so broadcast of information stopped. Still, every Japanese person knew immediately that the quake was not normal and was very strange and huge, so why they didn't all flee immediately is a mystery. Of course people do not behave the way they should when they are alone or when other people are not leaving; people at the Beverly Hills Supper Club fire just sat at their round tables and didn't leave and died because no one came to tell them to get outside. People almost never panic in an emergency; they tend to shut down.
I have bought radiation monitors and have gone around Tokyo and taken readings myself, and the levels are lower than they are in the US.
What we really are worried about is that there is a 70% chance of a mag 7 to 8 quake directly under Tokyo Bay, and that would cause about half a million houses to collapse and catch on fire, so Tokyo would burn for a week and there is nothing anyone would be able to do about it. Now THAT would cause the yen to go haywire.
We just had another quake near Fukushima tonight that was fairly strong there, but I felt nothing in Tokyo even though the alarms went off warning that a quake was coming.
http://bousai.tenki.jp/bousai/earthq...401230434.html
The numbers on the scale go from 1 to 7, but those are not magnitude numbers. They are Japanese shindo scale which are measures of surface shaking. 1 is barely perceptible, whereas 7 is ground acceleration of about 1 meter per second and results in major structural damage.
Official unemployment is under 5%, which of course is a lie, but is fairly low.
Deflation continues here.Comment
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Re: Well, that just about wraps it up for the Dollar !
Thank you for the "boots on the ground update", mooncliff. Very interesting.
Be kinder than necessary because everyone you meet is fighting some kind of battle.Comment
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Re: Well, that just about wraps it up for the Dollar !
That's not quite correct, the shutdown of 30% of Japan's electricity generation capacity cannot be considered either normal or temporary.Originally posted by mooncliff
The resulting effect of rising fossil fuel imports on Japan's balance of trade, hence ability to continue to deficit spend without borrowing from foreigners, is also neither normal or temporary. The effect of both higher priced and less reliable electricity supply on Japanese manufacturing is also neither normal nor temporary.Comment
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Re: Well, that just about wraps it up for the Dollar !
BRICS update:-
"Jim Rickards @JamesGRickards If #BRICS start bank as planned, will BRICS currency be far behind? Geithner out to trash USD. He’s getting his wish"
& front page of the FT is Robert Zoe-lick (World bank prez) sez he fully surports the idea of a "BRIC BANK".
MikeComment
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Re: Well, that just about wraps it up for the Dollar !
Yes, electricity supply is a huge problem, and it is costing a huge amount to replace nuclear with coal, oil, and gas.
By "quite normal" I mean that aside from the lighting being turned down in the train stations, I cannot tell that anything happened. Visitors say the same. I specifically asked people who visited before the quake and who visited recently whether they can tell anything happened when they are in Tokyo, and they all said no.
You have to remember that TEPCO normally had 20% above peak capacity before the quake, so if everyone cuts electricity use by 10% or so, we would still be OK except if we have an unusually hot summer. Really good Panasonic LEDs have come down to $10 on sale, and I have gone through four businesses helping them swap out lights for LEDs, dropping their electricity use by 200 kWh each. I cut my electricity use by 50% and have a better standard of comfort and lighting, so it is quite doable. A lot of stores are waaaay overlit... blinding, really, and way overairconditioned, so just turning those things down will help. I used the National Geographic energy calculator to estimate that I am now using 1/20th the energy of a person in the US, and 1/10th the energy of a person in Japan, so even in Japan, there is a long way to go. We did an energy audit of the office and figured if we replaced the old Dell computers and replaced the florescent lights with LEDs, or better yet, converted to task lighting for the critical periods of peak demand, we could cut office electricity use by 90% no problem, and that would be a one-time fairly trivial expense of about $400 per employee.
Many years ago, when they first came out and were ridiculously expensive, like $70 each, I gave some commercial office designers LEDs. They had never seen them, and I told them there would be client demand soon. I ran into one of them recently and he said they are swamped with demand to change over to LEDs. Whenever I go to any restaurant, I always look up, and they have almost all converted to LEDs. I have been trying to determine what the current electrical demand for TEPCO is, but can't quite find the information. Also, it has been really cold this year... still falling to near freezing at night... so Im sure electrical demand for March was abnormally high.Comment
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Re: Well, that just about wraps it up for the Dollar !
Seems the same behaviour that caused people to remain in their offices in the WTC on 9/11, to remain below deck and stay on board the Costa Concordia, to keep holding a losing "investment" all the way to zero...Originally posted by mooncliff View PostComment
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Re: Well, that just about wraps it up for the Dollar !
...gold bugs didn't sell gold oct. 27, 1981 @ $427 ($1012 in 2010 dollars) for 30yr bond... paid 15% each & every year until oct. 27, 2011... each $1000 paid $151/yr & returned $4580 total.Originally posted by GRG55 View PostComment
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Re: Well, that just about wraps it up for the Dollar !
U.S. Gold Holdings at Ft. Knox, Kentucky: ONE HUNDRED AND FORTY-SEVEN BILLION TROY OUNCES oF PURE GOLD.
Plus all of North America is floating on oil. Here on the California coast, oil is seeping-out of fissures in the sea-floor and floating in giant tar-balls onto beaches, everyday and everywhere.
Aqui en la costa de California, petroleo esta derramando afuera de las hendiduras, y el petroleo esta subiendo en las breas gigantes y esta floatando para que estar depositado en las playas en todas las partes del estado, cada dia. Este continente esta flotando arriba del petroleo. Hay petroleo en todas las partes.
The dollar is not dead. It's just that the people in America need to get their priorities and their engineering in order. There is oil everywhere.Last edited by Starving Steve; April 01, 2012, 10:56 PM.Comment
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Re: Well, that just about wraps it up for the Dollar !
Gold at $1700/ oz. is a SELL, SELL, SELL, SELL, SELL, SELLLLLLLLLLLLLLLLLLLLLLLLLL ! All day and all night, all week, all month, all year.
An ounce of gold, not long ago, was worth $35. ( about four or five large bags of groceries in the good ol' days )Comment
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Re: Well, that just about wraps it up for the Dollar !
So, just how much trade does South Africa do with Russia? Or Brazil?Comment
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