|
[21 Jun 2009|01:53am] |
Wave the battle standards and beat the war drums.
It is high time to defend hearth and home from bandits and pirates.
Take no prisoners.
Spill the blood of the fatted calf, I wage war.
|
|
|
[29 May 2009|11:46pm] |
http://www.youtube.com/watch?v=zTHZxmIIXf8&feature=related
It's near midnight.
~ ~ ~ ~
I'm a lil tired.
Got the longest wedding event of my brief career going down tomorrow. First time to bring a sub to a wedding too, 2nd biggest wedding draw at 350 guests. This party is going down on home turf, the ABC Seafood Restaurant of Milpitas.
Just listening to some of my favorite hip hop tracks. Bunch of Jin's early stuff. Jay z's Reasonable Doubt album.
http://www.youtube.com/watch?v=JC7MJ8l73SQ ~ ~ ~ ~
I'm bewildered to rediscover that the greatest enemy is found within.
I'm fallen far and hard.
The chains of habit tug fierce.
I have to win still. To win ugly is still winning.
One must always finish the race.
I can't speak for the days lying in the doghouse, but for the moment right now and in anticipation of the immediate times to come, here goes my shot man.
~ ~ ~ ~
Never surrender.
|
|
|
[24 May 2009|11:57pm] |
5/21/09
|
|
|
[24 May 2009|10:47pm] |
|
It is my first night home.
The Lowell Place residence.
The new ancestral home of displaced Cantonese rice farmers and I shed tears of the prodigal son.
I come home to barbarians. I don't know my family anymore than I know the lineage of Hannibal and his generals.
The clan house is broken. It houses no family under one roof. What roof? What cold food?
~ ~ ~ ~
I have just finished a beautiful beautiful novel.
Mario Puzo's The Sicilian. The tale of Michael Corleone's return to America from Sicily... of his failed mission of saving a young hero. It is written with such a command and mastery of storytelling that makes me quake insde. Such a telling makes even the Godfather novel seem like child's play.
Beautiful... woven with such metaphors, seemingly random thoughts brought full circle with such wordplay with tales of ancient lore... of knights of Charlemagne and the full intrigue of Sicilians. Unbelieveable.
~ ~ ~ ~
My grandpa is his old silent vengeful angry figure as ever, a coward who rages at his youngest grandson with a phantom's grasp on his masculinity.
William is the scheming young buck as ever.
Grandma is not here at all. How aptly done. The stage is truly set.
~ ~ ~ ~
I haven't even returned yet truly and it's already over.
Before this ship is unloaded at dock, it must make for fresh port.
There is no other way. It's either that, or I sing and dance as these Romans do.
><><><> edit ><><><><
http://www.youtube.com/watch?v=RYv12Z-8AeM
All in all...
My dog is here though. It's always been me and the pup against the world. He's healed this time around, ready to go for many more rounds. Truly, he is a pup reborn.
The RT is here too. Gathering a lot of dust and maybe a little rust. Mhm... soon, maybe I'll make that phone call to cash out American muscle for silver eagles instead. Maybe several ounces of gold alongside it. Soon enough eh? Every son has an inheritance.
Mission Blvd... I've never trained seriously anywhere else. Bike lane or sidewalk, dude, where else but home at any hour eh?
Three javelins chilling. Enough said.
~ ~ ~ ~
Well... yea. If Alex is well, then all is well.
~ ~ ~ ~
|
|
|
[04 May 2009|07:46pm] |
"I don't have a problem with guilt about money. The way I see it is that my money represents an enormous number of claim checks on society. It's like I have these little pieces of paper that I can turn into consumption. If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life. And the GNP would go up. But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing. I don't do that though. I don't use very many of those claim checks. There's nothing material I want very much. And I'm going to give virtually all of those claim checks to charity when my wife and I die."
Warren Buffett Lowe, Janet C. [1997] Warren Buffett Speaks: wit and wisdom from the world's greatest investor
|
|
|
[24 Apr 2009|08:23pm] |
|
Thrown East of Eden: From Manure and Rake to a Pirate Named Uncle Sam and E-Commerce Shooting your customer is generally bad for business. Such a lesson is observed most diligently from your neighborhood criminal gangs to nomenklaturas, drug lords, Russian mafias, and even the seemingly most civilized nation-state is not above a little extortion. Even for the proud homeowner nestled comfortably in the American Dream, should they stop paying their property taxes, they shall discover where true ownership lies. Thus at the heart of the issue, human societies in all its microcosms and forms can be understood in their ability to apply coercive force—to impose violence in the execution of an imperial agenda yet not all violence is equal in its return of potentially bloody investment. There was a time when human violence was not very plausible, much less even effective. For most hunter-gatherer societies before the agricultural revolution, nomadic tribes roamed the lands in tribes of a few dozen to several dozen. This wandering village of people tended to cap fewer than two hundred in a number from internal limits on resources and tribal management. Still, while there was still encounters of tribal warfare, they were rather fruitless. Effectively there is no gain, no perceived or realized value in plunder then. Without refrigeration or even simple preservatives such as salt, the chief priority of feeding oneself had be a renewed effort at a daily scale. For group X to raid and attack group B for their small stocks perishable food supplies is ludicrous especially. Even the act of killing another human being was not effective compared to modern warfare. At best, stone weapons offered weak invasive weapons in primitive projectiles with bows and arrows. At best, close-quarters combat tended to lend itself to blunt objects to club opponents into submission. It was nowhere near as effective as being able to wield a very light and precise weapon to puncture key organ systems for a quick dispatch that were perfected in the bronze age. Despite the obvious relative success of the hunter-gatherer, for several dozen times more return on their physical labors, a farmer could yield fifty times more food. With such a development, the very beginnings of civilization were at a dawn with the need for a stationary and stable lifestyle to cultivate crops. Now geographically bound, granaries developed, small towns blossomed. With far less manpower needed for food production; leisure and resources provided for the opportunity for trade specializations from prostitutes to blacksmiths. Thus empowered, young civilizations happily made their mark in the world, much like the example of human endeavor between the irrigated floodplains of Mesopotamia between the Tigris and Euphrates rivers. With such immediate advancement of the human condition from the wandering, half-starved individual at the mercy of the elements and the various creatures it preyed upon, a hypothetical person I shall name “George” whose journey we will study has now transformed himself into a far more effective farmer. Casting aside basket-weaving and his bone knife, George instead picks up hammer and rake for his tool arsenal. However, George's lifestyle now reduces his mobility to effectively zero for his is tied to the land. It leaves him very open to predators that now can benefit in the dramatically improved return of investment in violent acts. His situation now is in stark contrast to the prior “foraging phase of human existence, farming introduced a quantum leap in organized violence and oppression.” Now George's granary can be robed, his livestock commandeered, his harvest pillaged, and his own life ransacked. Plundering has become profitable. It is perhaps no accident that biblical Cain is the first introducer of violence alongside his own role as the “father—or grandfather—of sedentary culture or 'civilization.'” The agricultural surplus begets an “increase in individualism, aggression, warfare, and greed.” Hence, the transformation of society from foraging to farming encapsulates the expulsion from the Garden of Eden where food is picked from nature's bounty with hardly any work to that of a farmer's life of hard labor. Thus John Dominic Crossan, biblical scholar asks the question in regards to empire and civilization if civilization is intrinsically imperial? “Is escalatory violence but civilization's drug of choice, and is it an addiction we cannot overcome or even control?” Is violence not a human act, but a human identity with about the same evolutionary adaptations for success as the very ferociously endowed saber-toothed tiger? Perhaps it is in the nature of the violent act itself a very simultaneous imperial will in the beginning and end of the encounter in the rather immediate imposing of one's values over another, namely the question of righteous ownership. Perhaps the hypothetical George does prescribe most favorably to the playground maxim of “Finder's keepers, losers' weepers.” Indeed, there is a primal and raw efficiency to simply taking a coveted item from someone who already has it. In the control of violence, the industrial revolution has already answered Crossan's question. With hypothetical George, for the sake of argument, if becoming a farmer was fifty times more productive than that of a forager, then working in the industrial age in lieu of a factory and the assembly line can be said to be fifty times more productive than that of a forager. Thus drove the exodus of millions of farmhands into overly dense cities. The economic value of serfs tied to land gave wayside to the management of the capitalist with the subsequent atrophy of feudal governments to that of nation-states where the citizenry were subjects to a radically more insidious form of oppression and monopoly-based extortion to make even the most squalid and barefoot peasant's reality a memory of grim nostalgia. Now our same George is thrice transformed from basket-weaving forager, to menial grunt of the plow now become a government bureaucrat. Even with the immense productivity of the industrial age, there was the question of what to do with older workers unable to further trade their time for wages. George now finds himself part of a political machine that not only begins introducing predatory taxation to its citizens, but also introducing overly popular movements that began to prostitute many world powers into mere socialistic welfare states as seen with the age of the New Deal in America. Violence has taken a completely new track and Uncle Sam has made his method of organized crime legitimate and legal. Uncle Sam's economic hit man George has upgraded his kindergarten wisdom to that of Teddy Roosevelt's, “Speak softly and carry a big stick.” Thus history repeats itself with violence as a dagger pointed at the heart of the economy. As Thomas Schelling shrewdly put it, “The power to hurt—to destroy things that somebody treasures, to inflict pain and grief—is a kind of bargaining power, not easy to use but used often... It is often the basis for discipline, civilian and military; and the gods use it to exact discipline.” As a result, a government's ability to tax and enforce its taxation becomes the nexus from where it operates. Where one hand rakes in the taxed winnings, the other hand wields whatever fashionable weapon appropriate for the coercion of the times—guillotine, smallpox-infested blanket, hydrogen bomb, or cruise missile. It is the same logistical work ethic of the street thug that depends on the same vulnerabilities for private shakedowns and extortions. However, again, as history shall prove, such a system has failed before and will fail again. A millennia before the United States' rise to power, Rome was already failing. Their technological prowess in that age rested in their legion's ability to conquer. With the creation of such a vast empire, their difficulties began as people moved off the conquered lands into cities such as Rome. As cities became more congested, civil unrest catapulted with no jobs, shelter or food. Thus, the Roman powers fed people and created grand amusements like the Coliseum to entertain the masses. Eventually, Rome became a city full of newly minted Roman citizens expecting to be entertained and fed. The problem became serious when taxes were increased on the working classes of the empire to pay for the extensive military that Rome employed. Taxes became so ridiculous that workers left the land to move to the cities because life on the land made no sense. Instead, people went to where food and entertainment was inexpensive or even free. To solve the problem, the military made it illegal for workers to leave the land. Rome never did find a solution. Its over-extended and corrupted empire ultimately ate itself alive. In the industrial age equivalent, government size has ballooned out of control as the state become more and more of a welfare provider. Extortion through the form of taxes became increasingly expensive and thus, the returns to violence in the industrial-age peaked and began a sharp decline in the breakdown. Crossan asks, in light of the escalatory violence at such a level, how much time is needed to detoxify? Effectively, it is almost overnight. With the landmark event of the fall of the Berlin Wall, humanity phased into the information age where tyranny of place is no longer a viable action by the nation-state. Citizenship has become only an excuse for excessive taxation and ultimately, it is a liability. The information age will usher in the end of government inefficiencies as customers rather than citizens decide how much to pay for various services that the nation-state use to provide such as military protection and infrastructure. Customers will pay only as much as it is worth to them. For George the bureaucrat, his situation now is where his formerly captive and corralled populaces of ignorant tax-paying sheep suddenly grow wings and fly away to greener pastures. With the advent of fiber-optics and satellite communications, money moves at the speed of light and transcends geography and regional governments. The information age dramatically reduces the effectiveness of large-scale violence and all warfare prior to the information age as it becomes too expensive if not outright ineffective. For smaller groups who still employ the techniques of the state, microprocessing now reduces the size that these groups must attain to be effective in the use and control of violence. Organized crime activity will rise as these latter-day barbarians are empowered by the information age just as the dinosaur nation-states are forced to downscale or go extinct. It will be the age of the sovereign individual, a dramatically empowered being with nothing more than a modem and laptop, can conduct commerce and reside anywhere comfortably from Bangalore, India or the sunny Cyprus in the Mediterranean Sea. Those with powerful ideas will prosper tremendously while those clinging to industrial age notions of job security and welfare provided by employers and the government will find themselves prepared for a world that no longer exists. Much thanks to the anonymity of the internet, one's creed, appearance, sex, sexual orientation, and location will not be limiting variables. Again, our dear friend George now as traded in his role of the parasitic bureaucrat for the role of a free thinker and has now relocated far away from his home of America. In fact, he is no longer even a U.S. Citizen and free of IRS imposed demands. He has residencies and investment operations in his own secured tax-free zones from Liechtenstein to South Africa with his wealth is moved offshore with assets incorporated in Bermuda alongside other tax havens offered by countries throughout the world that welcome the rich, instead of punishing them for their fortunes. Suppose George use to live in New York City and had relocated prior to 2001. Suppose George was really Osama Bin Laden who is in fact, a very sovereign individual. So much so, that the United States actually targeted the GPS coordinates of the billionaire’s satellite phone for the launch of cruise missiles. A world power, the greatest world power in fact actually attacked a sole individual. To that extent, George has transformed much from searching for wild berries to scratching out holes in the ground for seed to working at Henry Ford's assembly plant and Uncle Sam. He is now one of the new empowered superclass that has transcended the limits of the industrial age. Just try to pull a gun on George now.
|
|
| an email to an old economics professor |
[17 Mar 2009|01:07am] |
Thought this be cool to archive:
~ ~ ~ ~
Professor Thampy!
It has been a long long time, I was a student of yours a few years ago for micro econ at Santa Clara University. 2004-2005? 2005-2006? I forget which quarter. Much has changed since then, the entire Kenna building is now religious studies and philosophy classes after the new Lucas business building opened up. It's the 2nd biggest building after the brand new library. Have you been back recently?
I hope all is well with you. It is finals week right now and I'm finishing up my senior year. Technically I'm a fifth year, though I took a year off just to work full-time at various stints. I actually changed my major from finance to religious studies last year. I was double majoring both and surrendered to my intellectual curiosities instead. =)
I thought of you and our class after pausing in writing my final paper on early Christianity in India. Just a complete maelstrom of thoughts in my head... Outside of school, I've become quite a student of monetary history especially in the context of the dollar crisis going on in America. Only a few weeks ago, I became a precious metals investor with the purchase of a 100 ounces of silver bullion in silver bar form after much study and research in the commodities market in stark contrast to the continued devaluation by the looneys in charge of the unaccountable Federal Reserve and their puppet, Uncle Sam.
I wish I paid my attention in class back then haha, I have to do much backtracking to fill in the intellectual gaps in my understanding of different theories of economics that has led to a series of terrible realities in today's world. I've been studying the many writings of Michael Maloney, Robert Kiyosaki, Congressman Ron Paul, Dave Morgan, Marc Faber, Harry S. Dent, and the combined brilliance of James Dale Davidson and William Rees-Mogg. I'm currently reading "Culture and Inflation in Weimer Germany" by Bernd Widdig.
There is a huge crisis looming ahead of us and much opportunity for those who are ready for the coming depression that has already begun. My friends and I are all gearing up for the immense wealth transfer the moment the blasphemy of a fiat currency fully reveals its folly to the American public. When that happens, gold and silver prices skyrocket and we all cash out of our over-valued silver and gold bullion to purchase under-valued single family homes and apartment houses.
I've become incredibly interested in the process of inflation, especially runaway hyperinflation as seen in Weimer Germany of 1919-1923. I fear the same reality in America someday. Even as I write this, I just learned tonight that the people of Zimbawawe have witnessed their own currency degrade to zero and now people can only purchase bread, salt, oil and other life-essential items with gold. The rural people there no longer plant their fields, but pan the rivers upside down for gold, or at least those who are able do. The very old and the very young are already starving to death. The government is in utter chaos with no relief in sight.
In case you're interested, here's the video clip on the subject:
http://www.youtube.com/watch?v=7ubJp6rmUYM&feature=channel_page
Indeed, too many people have ignored economic and financial fundamentals. The people of this earth are about to witness the complete Holocaust of the middle class.
Either way, I hope you are well wherever you are in the world and when you are back in the States, an occasion for tea would be most enjoyable. =)
Take care,
-Warren Wong
--
><><><><><><><><><><><
Warren Wong
warren@simdjs.com
510.552.2603 [Cell]
Disc Jockey and Master of Ceremonies
A passion for music -
A commitment to quality.
SOUND IN MOTION DJ's & VIDEO, LLC
Santa Cruz - 831.427.0700 * Campbell - 408.354.4050
Carmel - 831.625.3300 * San Francisco - 415.640.8949
----------------- WWW.SIMDJS.COM ------------------------
Official Music Providers:
San Francisco 49ers • San Jose Sharks • San Jose Stealth
----------------------------------------------------------------------
Official Partner Of LIVE NATION Concerts
----------------------------------------------------------------------
|
|
|
[11 Mar 2009|02:55pm] |
lalala =D
~ ~ ~ ~
Her Midnight Bus Fare I met her on a bus when I was young—after midnight sweet dame clad in lavender! what path do you seek honorable maiden? Chance meeting in the city of the golden mountains, of fertile soils my forefathers sowed me the family tree poor well-fed rice farmers, six foot giants abound. Of the stars, she saw sweeping stairways for hearth and home, beheld her hand, the rock of eternity, her arms—babes of sons. Humble camel boy, half-scholar, half-street hawker apprentice blacksmith, the pain of casting a hero's shoulders from wet iron. May hammer shatter glass but forge steel chains only as strong as weak links a warrior-troubadour? Go to sleep in Paris, Wake up in Tokyo. Her big thoughts, her simple pleasures.
|
|
|
[05 Mar 2009|11:30am] |
just had to archive this lol
Timothy: A Milli A Milli A Milli A Milli Sent at 11:21 AM on Thursday Timothy: A Milli A Milli A Milli A Milli Sent at 11:22 AM on Thursday me: a milli a milli, look at here is mr. t man timmy stacking chips with bricks to make zee babies with his nuptial lady
full-time daddy full-time daddy
definitely send out his lady to go get that milli, a milli, a milli
maybe even a BILLI
either way, he's the hustlin sales manager heavin flossin in that greenback filling
i got a cavitiy tim, fill it with that gold and silver lining
A MILLI A MILLI his name is Timmy Sent at 11:29 AM on Thursday
|
|
| Silver |
[24 Feb 2009|08:58pm] |
|
One of the most important decisions to make regarding gold and silver in your possession is "What form should I buy? Bars, old U.S. 90% silver coins, Maple leaves, or U.S. Eagles?" To answer that you have to ask why you want to hold gold and/or silver at home. For most people, the reason to have gold and silver at home is first and foremost it is a very private investment, but it is also as an emergency currency and portable wealth. For storage at home my preference for both gold and/or silver is U.S. Eagles. They are among the most recognizable forms of gold and silver. They look "official" and say, "United States of America" and "one troy ounce fine gold" or "one troy ounce fine silver" on them. They are in 1-ounce increments (remember you can sell your gold and silver at a coin shop for cash, up to $9,999.00. If gold and silver go over $1,000 per ounce, even a 10-ounce bar is over the cash limit.) (The price of gold and silver are also quoted in 1-ounce increments. If a currency crisis were to occur, everyone would know the per ounce price of gold and silver because it will be on the TV, radio and all other media continuously.) And lastly, they are extremely private because there is no reporting requirement when you sell. 1-ounce gold "Credit Suisse" or "Pamp Suisse" bars are OK, but require reporting if you sell one or more kilos (32 ounces) of them. Old U.S. 90% silver coins require reporting on bags of $1,000 face value (about 715 ounces) and are odd weights, (silver dollar 0.77 troy ounce, quarter 0.18 troy ounce, dime 0.072 troy ounce) so figuring out what the silver in them is worth, measured in dollars, is hard compared to a 1-ounce Eagle. Remember, the price heard on the radio and TV, will be the price per ounce. 10 ounce silver bars have a much lower per ounce price, but again, I believe their dollar price could exceed $10,000. I believe bars larger than 10 ounces should be avoided. In 1980, when silver hit $50 and a 100-ounce bar cost $5,000 (the equivalent of $25,000 today), several 100-ounce bars were tampered with. Someone drilled them out length wise, filled them with lead, poured a little silver over the filled area, and textured the area to make it very hard to tell. When silver goes over $100 per ounce, all large bars that have been out of the vault system will probably require an assay and the associated cost. So once again… U.S. Gold or Silver Eagles are my preference. They look official, they say "United States of America" and "one troy ounce fine silver" on them, and the IRS does not require dealers to file a 1099B when you sell them back to your dealer. Gold and Silver Eagles; Advantages/Disadvantages: Advantages: - Exempt from all reporting requirements (most private)
- Small increment (one ounce)
- Instantly convertible to cash
- All dealers will buy them back on sight
- Most recognizable bullion coin in the world
- More Eagles have been minted than any bullion coin, medallion, or round
- Best emergency currency
- Most trusted (minted by the United States of America)
- Most recognizable pattern (Walking Liberty pattern from old U.S. half dollar)
- Possible increase in value due to numismatic premium (some dates of Silver Eagles sell for more than six times their silver content. No bullion bar, medallion, or round shares this advantage)
Disadvantages: - The U.S. Mint charges a significant premium over the bullion value (about $1 for Silver Eagles and $15 or so for Gold Eagles). However, you will usually get this back when you sell (your dealer will typically pay you an equivalent premium over other forms of gold or silver)
~ ~ ~ ~
believe that gold and silver are good investments -- but their prices are at all-time highs, which means it is time to be cautious, not foolish. Today, I hear financial experts on television advising people to buy gold. These are the same guys who were recommending stocks and mutual funds less than two years ago. So be very careful as the gold and silver markets begin their next climb. I am still buying gold and silver but I did most of my buying when gold was at $300 an ounce in 2000 and 2001.Many gold and silver experts will recommend you buy numismatic coins -- rare and old coins. If you are not a rare coin expert, I'd encourage you to stay away from them. New investors often pay too much for rare coins that are not really rare. If you are new to gold or silver, I recommend you buy as close as possible to the international spot price of the metals, watching out for premiums and commissions per coin. Buy bars or blanks, rather than coins, if premiums are too high. Watch out for scams. If the person you are buying from makes you uneasy, run. Take delivery when you hand over your money. Keep coins or bars in a bank or safe.
~ ~ ~ ~
The Silver Pit and Archie’s Rule By David Morgan March 6, 2009 In the February issue of The Morgan Report, we produced a feature that is of extreme significance to those of us who are serious about making money in the mining sector. We have diverted a bit from starting off the report with a quote and instead ask a very important question. “What is an economic mining project?” A question any serious mining investor should ask! The idea of how to define what really constitutes a good project from one that really might just be promotions by a junior mining concern led me to seek out an answer. In reality the answer came to me through my many contacts in the industry, specifically a certain PhD geologist, who stated to me that a myth existed that “open pit” silver mines could be profitable. This gentleman pointed out the facts that, although very few silver projects are profitable, many base metals operations are—but every mining operation is grade dependent. Excerpt from the February issue-- Morgan: We’ve spoken many times over the years and one thing that’s fascinated me was talking about the fact that most open-pit silver mines are not economic! What I often hear is that grade really isn’t that important because we have so darn much of this stuff that if we just open pit it, we’re going make a profit, and of course I never bought into that story. You made me aware of the real economics and it is based upon Archie’s Rule, so let us explore that much further. PhD Geologist: With the exception of the Rochester Mine in Nevada, which has made some money, probably more because of the gold content than anything else, long-term open-pit silver mining is a marginal to uneconomic enterprise for a number of reasons, historically, and the idea that if you simply mine enough you will ultimately get to the point where your grade trends cross the boundary from unprofitability to profitability is, in my estimation, a very risky proposition. Archie’s Rule is an excellent way to demonstrate the relationship between metals price and grade, but we should also point out that Archie’s Rule is general and can be applied to open-pit or underground mining and you can apply it to silver, gold, copper, or any other commodity that you want. Archie’s Rule, named for Archie Bell, VP of exploration for Noranda for many years, is an elegantly simple rule of thumb to use to determine if a mining asset will be economic over time. Now that we’re at what we hope is the bottom of the market cycle, this is a good time to check such things out! Archie’s Rule says that for any mine to be economic over time (and we’re talking here about something that’s going to make money throughout more than one market cycle) you have to be able to recover (Net Smelter Recovery) from your ore a minimum of twice your all-in operating costs. All-in means just that: mining, milling, smelting, refining, G&A, etc., doubling the all-in cost numbers covers your capital expenditures, a margin for the time value of money, and a 15 to 20 percent internal rate of return on your investment—which is the minimum you have to be able to do for a mining venture to work long term. This interview went on much longer but it seemed important to give you a taste of furthering the due diligence process when you are making the decision to invest in a junior mining operation. It is an honor to be, David Morgan Founder Silver-Investor.com Mr. Morgan has followed the silver market daily for more than thirty years. Much of his Web site, www.silver-investor.com, is devoted to education about the precious metals. To receive full access to The Morgan Report click the hyperlink.
~ ~ ~ ~
| The Greatest Wealth Transfer Ever |
|  | Posted: 12/18/2008 00:00:00
 Michael Maloney The Greatest Wealth Transfer in the History of Mankind Starts Now! Right now, the Treasury, the Federal Reserve, and the banking system seem to be gearing up for an event the likes of which has never been seen. I believe the crisis that will unfold over the next few years will add up to the biggest economic event in history. The scale of what is happening will dwarf all other economic events combined. The Tulip mania of 1637, John Law's "Mississippi Scheme" of 1720, and the dot-com / tech bubble of 1999 will pale by comparison. Even the hyperinflation in Weimar Germany in 1923 and the Great Depression will seem like a walk in the park compared to what is coming. But wealth is never destroyed - It is merely transferred. Neither you, nor I, have the power to stop what is coming. But we do have the choice to either freeze in panic and be crushed under the wheels of the economic freight train that is bearing down upon us, or catch the ride of our lives on the road to immense wealth. While speaking at a recent wealth conference in Florida, I showed the audience some charts to try to impress upon them the enormity of what is going on right now! The chart I call my Panic Meter is made up of LIBOR rates (the rate which banks lend to each other) divided by the 3-Month Treasury Bond yields. By dividing LIBOR rates by bond yields you get a measurement of just how panicked the banks and large investors really are. This chart is saying that something is really, really wrong.  Panic Meter (2006 - November, 2008) I then showed a chart of the monetary base (all paper dollars and coinage in existence). It took 200-years for the monetary base to go from $0 to $800 billion, but in just the past 3-months it has grown from around $800 billion to $1.5 trillion, and by the time you read this it will probably be surpassing $1.6 trillion. That's double the number of paper dollars in existence since last summer!  Base Money (1919 - November, 2008) But here are a few charts that I didn't show at the conference... The next chart is "Cash in Circulation". So far only a small amount of all that extra currency shown in the above chart has leaked out of the banking system and into circulation. But you can bet your assets... IT WILL. When it does, it means that prices must rise to soak up all that extra currency, like a sponge soaking up water. This is bad news for someone holding dollars, but cause for celebration for a precious metals investor.  Currency in Circulation (1919-November, 2008) Here is a chart of how many dollars the banks have borrowed from the Federal Reserve through the end of last year (2007). Please note the spike that indicates the banks had to borrow $8 billion from the Federal Reserve during the Savings and Loan Crisis of the late 1980s.  Bank Borrowings from Federal Reserve (1919-2007) Here is the same chart, but I've now taken it out through November of 2008. You can't even see the $8 billion S&L Crisis peak anymore! In fact, the banks are approaching $800 billion in borrowings. This means that the banks perceive this crisis as being 100 times larger than the S&L crisis.  Bank Borrowings from Federal Reserve (1919-November, 2008) This next chart is Reserve Bank Credit. It is the total amount the Federal Reserve has loaned out of its bottomless checkbook. This chart includes all the rest of the bailouts (at least through November 2008). This chart also rises to roughly $800 billion by the end of 2007, but by November 2008, it has risen to $2.2 trillion. As Brent Harmes would say "It's climbing skyward like a homesick angel."  Reserve Bank Credit Last, we have a chart of "Excess Bank Reserves". These are reserves in excess of the amount that the Federal Reserve requires the banks to have. It looks almost identical to the chart of Bank Borrowings, except for two small features; there is a tiny blip in 2001 and a small bump around 1941. Could it be that the banks perceive this crisis to be 50 times larger than 911 or even World War II?  Excess Bank Reserves (1930-November, 2008)With the exception of the Panic Meter, all graphs in this article are taken directly from the Federal Reserve's website. Personally, I'm pretty sure that in a few years a chart of the price of gold will look similar to these charts, and a chart of the U.S. dollar will look like one of these charts flipped upside-down. If you don't believe me, just take a look at this! Bloomberg, Dec. 15 - Dollar Staggers as U.S. Unleashes Cash Flood:
"U.S. policy makers are flooding the world with an extra $8.5 trillion through 23 different plans designed to bail out the financial system and pump up the economy. The decline (of the dollar) shows that the increased supply of money may be overwhelming investors...." In my book, "Rich Dad's Advisor's Guide to Investing in Gold & Silver," I show how virtually every time governments, and/or the banking system, abuse a currency enough to push it to a tipping point (such as in these charts), the free market and the will of the public revalue gold and silver to account for the excess currency that was created since the last time they were revalued. But this time, for history to repeat, and for gold to do what it did in 1980, 1934, and hundreds of times throughout the world going all the way back to Athens in 407 BC, it will require a gold price of over $10,000 per ounce... And that's if they turn off the printing presses today! I believe this is the greatest opportunity ever offered to anyone in the history of mankind! Gold below $1,000 and silver in the $10 range is a gift from God. You can ignore this gift at your own risk, or graciously accept it and be on the road to great abundance. I don't know about you... but I'm buying lots of gold and silver. Things I believe every investor should do: Step 1: Get educated. Don't take my, or anyone else's, word on this. Read books and newsletters on the subject and decide for yourself. Step 2: Buy physical gold and silver and take possession of it (or have it stored at a third party depository). Step 3: Avoid "Fools Gold" such as: - ETF's, pool accounts, futures contracts, leveraged accounts etc. Many of these are just "paper contracts" with little or no gold or silver behind them.
- Collector coins with excessive premiums above the worth of their metal content. These are a better deal for the dealer than for you.
Step 4: Relax knowing you have protected your wealth and positioned yourself to profit greatly from what history tells us is inevitable. By Michael Maloney
GoldSilver.com
Michael Maloney is a precious metals expert, monetary historian, author of "Rich Dad's Advisor's Guide to Investing in Gold & Silver, and the founder of GoldSilver.com GoldSilver.com is an online precious metals dealer that specializes in delivering gold and silver to your door or securely storing it for you in a Brink's precious metals storage account. To read the book that predicted the current financial crisis and what will happen next, check out Michael's book "Rich Dad's Advisor's Guide to Investing in Gold and Silver". (Amazon $11.55) | | | |
|
|
|
[23 Feb 2009|06:40pm] |
"It's nice to have a lot of money, but you know, you don't want to keep it around forever," Buffett said. "I prefer buying things. Otherwise, it'sa little like saving sex for your old age."
Warren Buffett Sep 24, 2008 Business Standard
|
|
|
[22 Feb 2009|08:13pm] |
"He that is good with the hammer tends to think everything is a nail."
-the immortal Abraham Maslow
~ ~ ~ ~
"When I was a young man, I observed that 9 our of 10 things I did were failures. I didn't want to be a failure so I did 10 times more work."
-George Bernard Shaw
~ ~ ~ ~
"That which we obtain too easily, we esteem too lightly. It is dearness only which gives everything its value. Heaven knows how to put a proper price on its goods."
-Thomas Paine
~ ~ ~ ~
"Life expectancy would grow by leaps and bounds if green vegetables smelled as good as bacon."
-Doug Larson
~ ~ ~ ~
"If anyone wants to save the planet, all they have to do is stop eating meat. ...It's staggering when you think about it. Vegetarianism takes care of so many things in one shot; ecology, famine, cruelty."
-Sir Paul McCartney
~ ~ ~ ~
“You only have to do a very few things right in your life so long as you don't do too many things wrong.”
-Warren Buffett
~ ~ ~ ~
“I have a problem with too much money. I can't reinvest it fast enough, and because I reinvest it, more money comes in. Yes, the rich do get richer.”
-Robert Kiyosaki
~ ~ ~ ~
"It is not the critic who counts; not the man who poitns out how the strong m an stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself for a worthy cause; who, at the best, knows, in the end, the triumph of high achievment, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be witht hose cold and timid souls who know neither victory nor defeat."
-Theodore Roosevelt
|
|
| 2/22/09 |
[22 Feb 2009|02:58am] |
I am humbled, inspired, overjoyed.
tonights wedding was unbelieveable. I did not know how much fun it was to do a wedding for someone you know...its a whole another deal when its a friend ya know?
wow, I am inspired.
as a dj, as an entertainer, but most poetically, as a boy =)
|
|
| 2/21/09 |
[21 Feb 2009|06:01pm] |
Christine & emanuel wedding =)
sunol valley golf club!
|
|
| 2/16/09 |
[16 Feb 2009|12:15pm] |
USA today frontpage reads...
Benefits neglected for civil retirees
State and local gov''ts have set aside virtually no money to pay for G1 trillion or more in medical bebefits for retired civil servants................
freakin gov't handouts...
|
|
| 2/14/09 |
[14 Feb 2009|12:03pm] |
Snow in the yaY!
|
|
| 2/14/09 |
[14 Feb 2009|11:34am] |
Mom asks, where's your girlfriend?
The whole family is in LA for a wedding.
Mom goes,
Oh. does she love you?
@!%&$&(!!
lol, flabbergasted I is.
|
|
|
[14 Feb 2009|09:53am] |
Saturday, February 14, 2009
Take into account that great love and great achievements involve great risks. - Dalai Lam
|
|
| 2/13/09 |
[13 Feb 2009|09:07pm] |
Go black lights! lynbrook high sadies =)
|
|
| navigation |
| [ |
viewing |
| |
most recent entries |
] |
| [ |
go |
| |
earlier |
] |
|
|
|
|
![[info]](http://l-stat.livejournal.com/img/userinfo.gif){kind=small}
slamdunktiger86's journal
