An alternative voice on Economics

[mimo_100]

If you would like to read an alternative voice on Economics, here is a link to
the Shadow Government Statistics website.

http://www.shadowstats.com

John Williams reveals the true CPI, inflation, etc. Look to the right and click on one of these:

Primers on Government Economic Reports
What you've suspected but were afraid to ask.

1. Series Master Introduction
2. Employment and Unemployment Reporting
3. Federal Deficit Reality
4. Consumer Price Index
5. Gross Domestic Product

[Peter Hansen]

MIMO Thanks

MIMO thanks some good information....but read this article :http://www.moneyandmarkets.com/Issue...erEntryId=1427

Mr Larry Adelson makes a good case for gold .....especially when he goes on to state our debt is closer to 55 Trillion . He recommends GOLD , the stock , but I prefer KGC and the Ultraprofunds PMPIX .

Don't really count on Obama, Clinton, or McCain to bail us out of this mess ....All 3 are as useful as a one legged man in an ass kicking contest.

[mimo_100]

MIMO thanks some good information....but read this article :http://www.moneyandmarkets.com/Issue...erEntryId=1427

Mr Larry Adelson makes a good case for gold .....especially when he goes on to state our debt is closer to 55 Trillion . He recommends GOLD , the stock , but I prefer KGC and the Ultraprofunds PMPIX .

Don't really count on Obama, Clinton, or McCain to bail us out of this mess ....All 3 are as useful as a one legged man in an ass kicking contest.

Thank you for the link. Just remember that if you decide to buy the species, be careful. Buying Krugerrands is probably ok. Buying a 1 oz bar of gold probably isn't - if you want to sell it, any wise person would demand that the bar be assayed -- could get expensive -- better to stay away from the species.

[skiracer]

Thank you for the link. Just remember that if you decide to buy the species, be careful. Buying Krugerrands is probably ok. Buying a 1 oz bar of gold probably isn't - if you want to sell it, any wise person would demand that the bar be assayed -- could get expensive -- better to stay away from the species.

interesting stuff on both parts. in our travels my wife and i are antique hounds and are always stopping at flea markets and yardsales. you would be amazed at how many gold rings and earrings and all kinds of gold artifacts and jewelry that are laying on these tables. some look really bad an need attention but it is still gold and silver. the private homeowner yard sales are the best because you can bargain and lots of times they don't know the value or that it is gold. the last couple of years we have been buying any old gold coins or jewelry that we come across and putting it away. and one of the reasons is what you stated about the problem in dealing it if you had to. or melt it down into a bar.

[IIC]

If you would like to read an alternative voice on Economics, here is a link to
the Shadow Government Statistics website.

http://www.shadowstats.com

John Williams reveals the true CPI, inflation, etc. Look to the right and click on one of these:

Primers on Government Economic Reports
What you've suspected but were afraid to ask.

1. Series Master Introduction
2. Employment and Unemployment Reporting
3. Federal Deficit Reality
4. Consumer Price Index
5. Gross Domestic Product

Scroll down and look at the right side...you'll see a chart of the non-borrowed bank reserves I mentioned Monday on the "C" thread

[mimo_100]

Scroll down and look at the right side...you'll see a chart of the non-borrowed bank reserves I mentioned Monday on the "C" thread

Doug,

Thanks for pointing this out. I did a search for the post and found it on
ski's slopes. Is this the "C" thread? If so, I missed that one. LOL.

[IIC]

Doug,

Thanks for pointing this out. I did a search for the post and found it on
ski's slopes. Is this the "C" thread? If so, I missed that one. LOL.

No...C is Citi Bank...Guess I made a mistake

[jiesen]

No...C is Citi Bank...Guess I made a mistake

it's ok Doug, you get a "B" for the effort.

[jiesen]

maybe I'm just in a bad mood today, but...

interesting stuff on both parts. in our travels my wife and i are antique hounds and are always stopping at flea markets and yardsales. you would be amazed at how many gold rings and earrings and all kinds of gold artifacts and jewelry that are laying on these tables. some look really bad an need attention but it is still gold and silver. the private homeowner yard sales are the best because you can bargain and lots of times they don't know the value or that it is gold. the last couple of years we have been buying any old gold coins or jewelry that we come across and putting it away. and one of the reasons is what you stated about the problem in dealing it if you had to. or melt it down into a bar.

Silver is back over $17, highest price ever. Oil is bouncing back over 90 again, but I think we're just experiencing a further drop in the USD. After all, if the gov't is just going to bribe everyone by giving us all $600 this time, (how about a cool grand next time?) I have a feeling we haven't seen the end of this period of inflation, and likely won't until there are people in the streets with wheelbarows full of Benjamins hot off the presses. To top it off, the CPI will still read a low 3%/year, but will only include Chinese refrigerator magnets and gov't cheese.

"Helicopter Ben" has yet to truly live up to his name, but my bet is that he will.

[jiesen]

And this sure isn't helping any, either:

http://news.yahoo.com/s/afp/20080209/bs_afp/opeccommoditiesoilcurrency

[billyjoe]

Jiesen,
Not to nitpick but silver was higher around 1978 or was it '79? The Hunt Brothers tried to corner the market. I remember selling some cull siver dollars for 27X face value about a week before it all collapsed. You should have seen some of the treasures being melted at that time. Ornate stuff from the late 18th century. It was sickening. Gold in the 900's is at an alltime high I believe, though.

-----------billyjoe

[IIC]

The alltime high for silver was in 1477...Over $800 in 1998 dollars:

http://goldinfo.net/silver600.html

.

[jiesen]

Yep, I stand corrected. For a moment I was thinking the run from $4 to $17 was so impressive, but forgot that it actually had run to $50/oz once in 1980. Now that is sickening! But just imagine what it would do today, if someone tried to buy up all the silver once again...

[billyjoe]

The alltime high for silver was in 1477...Over $800 in 1998 dollars:

http://goldinfo.net/silver600.html

Doug,
You're older than I thought.

---------------billyjoe

[jiesen]

The alltime high for silver was in 1477...Over $800 in 1998 dollars:

http://goldinfo.net/silver600.html

.

and that's another way to look at it... I guess hundreds of years ago, trading bits of shiny metal had much more to do with the economy than it does now.