US budget, CRB index, Insurance companies, Private Public salaries, Economic future to 2050, Japan, Lloyds.
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Nice commenting for lrish/ Lybian links, made me laugh….
I notice that you rarely comment ( if ever ) on silver and gold prices in WEN….
I am curious about the reason, as silver prices have surged lately, and I would have thought a graph may appear somewhere
near the commodity price graphs….??
I can’t think of anything sensible to say about silver and gold.
Besides silver’s industrial uses, what can a boy say~?……`Lot’s of people round the world will probably buy lots of useless metal`.
It is a very boring subject and enough people go on, and on, and on about it.
Point taken…..:) :)
There is no energy in gold and silver and you can’t digest it.
But so many covet the shiney stuff…!!! :)
it takes a lot of energy to dig it out the ground, and you can digest Ag. it has some amazing medial properties.
thats true but in terms of money/savings silver/gold are perfect as they cant be printed, have intrinsic value & dont degrade over time like food/water etc… which is what you want from any medium of money & also why the current fiat money system is going to collapse.
what are silvers industrial uses?
The main use of silver is to kill vampires (and free market hippies).
And those pesky werewolves….!! :)
Photography, high grade mirrors, medicines….
Silver seems to be the most conductive metal, so is used in nearly all electronics… Including solar panels…:)
I don’t think silver will ever become “money” again though, if only for the reason that the whole argument some make
for having PM backed currencies is to have a stable supply….
The fact that silver is being consumed faster than mined at the moment, would create deflationary pressure
on the money supply….
The question should be “what can it not do?”. The only answer is probably “do the dishes or vacuum cleaning”. That saved the day for your wife.
lots of people around the world have been buying silver and gold for thousands of years, are you sure it is useless? or maybe all those billions of people were deluded it was useful.
What have they been `buying` silver and gold with~?
plenty of things,like oil, coal, chickens,pigs, farming produce and labor i presume, to name a few. they seem to be buying it with free air money mainly at the moment.
In my view the only point in having physical gold/silver is that you can save it for a very long time, i.e. for your grand childrens pensions for example. It is not an asset for speculation, although many do speculate in raw materials and gambling can be fatal for you wealth.
There are many benefits with saving in gold & silver. From my personal point of view the most important is tax security, transfer security, and anonymity. These can be very important as you think long term. Gold / Silver does not deteriorate and exchange well with other assets that do not deteriorate like land (although Monsanto is trying very hard to do it :) )
This is not my idea, but my grandfathers and I am sticking to it passing on the message.
silver prices have been going up because more & more people are realizing the dollar is collapsing & bying physical silver.. combined with the fact JP morgan have been fraudulently keeping silver prices low because theyve sold too many silver contracts & dont have the real silver to back it.
buy silver – crash JP morgan…. & realize that while we dont have free markets, this corporatist/socialist government corrupt nonsense will continue… we really need a worldwide revolution to overthrow all governments, no service should be provided at gun point & governments only tool is violence… we need to move toward voluntaryism & away from immoral governments
I’ll have a stab at the captive insurers rules. Essentially the way it is meant to work is that a corporation will own its own insurance company to handle its insurance libailities to staff and anything else requiring insurance. This gives a tax break to the corporation. But this subsidary insurance company should spread its risk around other valid insurance companies according to state rules. According to this article, some states such as Vermont, are now allowing corporations to setup secondary insurance companies to accept the risk from their own originating insurance company. Insurance costs money, so this allows them to quote to themselves on policies and gain all tax break. But of course, since the risk is being spread around subsidaries of the same corporation, there is no genuine risk cover in the world beyond their own borders. One insurance policy leans against another insurance policy and so on. Works as long one of the policies doesn’t have legs that turns to jelly.
Didn’t Libya use to run a late night ferry service to Ireland using fishing trawlers carrying Libyan cultural wares such as rugs and chests of Middel Eastern promise? Something similar to what Wylie Coyote used to order from the ACME corporation in the Road Runner cartoons.
The US federal government will bail out all state and city pensions, medicare, etc via bigger deficit spending (using QE 3 to infinity) and eventually even MMT spending. Things could not be better for them that wages are under major deflationary pressure as wage push will not be a barrier to even greater inflation. Of course this means that corporations will be under major profit margin declines as their input costs rise but they cannot pass it along to consumers.
Yes, that sounds about right.
(But strangely, I think something will come along to derail even this logical outcome)
gaddafi supplied the ira with arms :)
the whole economy is a ponzi scheme, its going to collapse sooner or later, the soaring food prices are a consequence of quantitative easing/money printing by corrupt governments worldwide NOT weather anomalies, as the government likes to suggest.
in 2050 I’ll be either very old, or very dead, so I for one don’t care.
was there not a link with air plane hijack between Libya and Ireland?
maybe it was lockerby plane bomb? (i did not check the internet, just out of my head).
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