"More doomed (than the US dollar). It will disappear sooner.
"If it weren’t for the North Sea, the British Pound would have already disappeared. It’s more doomed. The UK has been exporting oil for 26 years; within the decade, the UK will be a net importer of oil again, and they have nothing else to sell to the world once the oil dries up."
- Jim Rogers, January 2009
Posts
23 comments:
I think Jim just read The Long Emergency.
Congress should work without pay or pension. They have aided and abetted the looting of America. Let them live off the graft they crave. Pass it on.
Do any of you know a good attorney?I just fired mine for being a dumbass.I blew a .149 in scottsdale last week and got caught w/ my hooker bitch in the car.Sheriff arpaio has me by the balls.I think I might have to serve time.
The UK became a net importer in 2005 (give or take a few months). Jim Rogers is more then decade too late.
It is more dire than Jim is letting on.
Hey Keith, apple really rocked earnings. per share earnings for Q4 is up a little over 1% compared to Q4 the previous year. 1.78/share vs 1.76 the previous year.
Stunning earnings growth. People had better buy now before they are priced out of the market for apple shares.
Do any of you know a good attorney?I just fired mine for being a dumbass.I blew a .149 in scottsdale last week and got caught w/ my hooker bitch in the car.Sheriff arpaio has me by the balls.I think I might have to serve time.
--------------------------
Sir Charles, is that you?
In some of the poorer sections of New Jersey squatters are taking over unfinished buildings. They call them "abandominiums". Anybody hear any other new words to describe what's going on in America.
I presume you mean alcohol content breath analyzer. Maybe you should escape to Mexico. Do us all a favor, you're a menace.
@Sir Charles,
This guy seems like your answer.
http://www.attorneyforfreedom.com/
The Brits are doomed for a number of reasons, but mostly because they have become a fascist society with all of their tracking and surveillance of its citizens.
It has become an anti-Liberty, anti-Freedom country and it is exporting its filth all over the world.
The new NAZIs = The Brits
Folks, this financial crisis is by design and the New World Order is going according to plan. They even gave you a Messiah and a new cult, to "save" you all. National Youth Service is being installed, just like in the famous fascist regimes.
NYT -- An island nation that bulked up on debt and lived beyond its means. A plunging currency. And a financial system edging toward nationalization.
With the pound at a multidecade low and British banks requiring ever-larger injections of taxpayer cash, it is no wonder that observers have started to refer to London as “Reykjavik-on-Thames.”
While that judgment seems exaggerated, there are uncomfortable parallels between Iceland’s recent financial downfall and Britain’s trajectory. Equally important, news that widening bank losses in Britain have necessitated another round of government life support provides a stark example to the United States.
Ordinary Britons have a more basic worry. After relishing the boom that transformed the drab United Kingdom into Cool Britannia, they fear that the disheartening economic stagnation of the 1970s might return.
The pound, a symbol of British independence from the Continent that is revered nearly as much as the queen, is now down nearly 29 percent against the dollar from a year ago.
There has been a steady drumbeat of gloomy economic news for months, but the mood in Britain has darkened starkly in recent days.
The pound fell to $1.3618 on Wednesday, its lowest level against the dollar since September 1985, before recovering to $1.3922.
Even more than their American counterparts, borrowers in Britain turned to local banks to fuel a real estate boom that was as much a national pastime as a rational decision about what to buy. Household debt as a percentage of disposable income hit 177 percent in 2007, compared with 141 percent in the United States.
To make matters worse, Mr. Moëc said, Britain is facing a wave of deficit spending, as tax receipts fall and the costs of unemployment benefits and other services rise.
http://tinyurl.com/cpbtcv
Well, the laws in AZ just sneakily and quietly changed Jan 1. The judges are now incapacitated, which I do not agree with at all.
They are basically out of business when it comes to DUI. If you are convicted of breathilizer over .08 = 10 days mandatory, .15 = 30 days mandatory, .20 = 45 days mandatory. Doesn't matter who you are or what the circumstancse are or what you are doing in your life or if you are a good person or not or if you are a homicidal maniac or not. Same punishment and the judge has no say. You WILL lose your job, you will be blackballed for the rest of your life, your life is basically ruined. Parents - be sure to tell your 20 year olds, never to let this happen.
I am completely against this law.
I do not think people should drink and drive, ... yes terrible things can happen ... but it seems a little severe to me for your average young person. I don't like making the state their judge.
Well i answered you seriously sir c, didn't get your joke actually. no offense.
My yen and gold are just fine
the key with 'cash is king' is diversification.
that said, the dollar's strength has shocked me, and a lot of others. shows the power of being the world's reserve currency - people want 'em even when we're printing trillions and trillions and trillions and trillions of 'em
how much longer can that last?
Hey Patrat... like some cheese with your DUI whine???
Anyone driving a car drunk is a potential homicidal maniac. Period.
Try losing two young adult brothers to two separate drunk driver deadbeats, and then get back to me...
Keith, looks like U.S. dollar strength could last a bit longer. From Marc Faber earlier this week:
"And as far as the currency is concerned, I think the dollar is a disastrous currency, but the others are even worse. So, I have a basket of different currencies— mostly euros and dollars. But I’m leaning more towards the view that the dollar could strengthen somewhat more."
I know... scary.
"Where Marc Faber Is Investing His Money These Days"
http://www.investorazzi.com/2009/01/21/where-marc-faber-is-investing-his-money-these-days/
Old HP'ers must remember when I was tireless telling everyone that the British pound's valuation was bull$hit. I also said several times that country doesn't produce crap, doesn't have natural resources, deep in debt, etc, and therefore their exchange rate should be way below the greenback. I've been saying that for years.
Amazing the amount of idiots on this blog. The DUI guy is mocking Charles Barkley you morons. No wonder the majority of them voted for the Messiah and continue to drink his Kool-Aid. The plan of dumbing America down is right on track.
patrat:
What's your point? You think the Rule of Law should apply to everyone except a drunk?
I've got news for you: If you get hammered and drive, you are homicidal, and you are not a good person.
I can speak from experience: You do NOT lose your job when you get a DUI (although that depends on your employer and your value to them). Your life is NOT ruined. Cut the dramatic Chicken Little crap already. Hell, getting 2 DWIs was the best thing that happened to me. I even wrote a thank-you letter to the cop who arrested me for the second one.
Hey Keith, check this blog out because he's doing a wonderful job. Lots of stats and charts:
www.miamicondoforum.com
This blogger deserves to be on your right list.
If anyone hasn't gone through Chris Martenson's excellent Crash Course regarding debt and peak oil, here's the site: http://www.chrismartenson.com/
Please help spread his Crash Course training before it's too late. Looks like it's too late for jolly old...hope they stocked up on chips.
Keith,
Although you did not post my comment (not sure why?!) thanks for admitting your suprise about the strength of the dollar.
-Mike
Anon, I am very sorry for the pain and loss you have gone through. I also lost a brother to drunk driving.
But I guess I didn't express my points well enough. I was trying to state facts.
My points are:
1. Don't drink and drive.
2. The state is now your judge, not the judge. This I do not agree with.
3. Be sure your teenagers, who often make the wrong decisions, are aware of the consequences.
It's a very emotional issue. I did not mean to whine or act like I think drunk driving is right. I do not.
Post a Comment