Tax – “a pecuniary burden laid upon individuals or property owners to support the government.”

Quantitative Easing – “the central bank purchases financial assets using money it has created ex nihilo (out of nothing).”

It doesnt get much clearer than this…

A wake up for those still in denial:

The vast majority of the world around us runs on or is derived from Oil.

Think it’s time for something new?

“Fundamentals – UK’s engine for growth was the financial sector that is now crippled for many years. Australia’s is the commodities sector that continues to boom. UK has now passed £1 trillion of official debt with another £3+ trillion of unofficial debt in part as a consequence of bailing out the bankrupt banks that Australia never had to do. the UK economy crashed, Australia’s just spluttered, UK economy is experiencing an anaemic economic recovery, Australia’s is racing ahead. UK interest rates stand at just 0.5%, Australia has just raised rates to stand at 4%.”

Rest of the article here.

Sucks to be earning UK pounds right now…likely I’m earning OZ dollars…

A pretty scary prediction from a world renown figure in the finance world:

Jim Rogers, Chairman of Rogers Holdings, has once again made a bold prediction and that is the British Pound could quite possibly collapse within the coming weeks.

Full article here.

Doesnt it all just seem a bit too good to be true? According to the media we just dodged the biggest economic crisis since the 1920′s. Wrong. So wrong. The worst is yet to come. Of that I have no doubt at all.

“The people have been lulled into a false sense of safety under the rouse of a perceived “economic recovery.” Unfortunately, what the majority of people think does not make it so, especially when the people making the key decisions think and act to the contrary. The sovereign debt crises that have been unfolding in the past couple years and more recently in Greece, are canaries in the coal mine for the rest of Western “civilization.” The crisis threatens to spread to Spain, Portugal and Ireland; like dominoes, one country after another will collapse into a debt and currency crisis, all the way to America.

In October 2008, the mainstream media and politicians of the Western world were warning of an impending depression if actions were not taken to quickly prevent this. The problem was that this crisis had been a long-time coming, and what’s worse, is that the actions governments took did not address any of the core, systemic issues and problems with the global economy; they merely set out to save the banking industry from collapse. To do this, governments around the world implemented massive “stimulus” and “bailout” packages, plunging their countries deeper into debt to save the banks from themselves, while charging it to people of the world.

Then an uproar of stock market speculation followed, as money was pumped into the stocks, but not the real economy. This recovery has been nothing but a complete and utter illusion, and within the next two years, the illusion will likely come to a complete collapse.

The governments gave the banks a blank check, charged it to the public, and now it’s time to pay; through drastic tax increases, social spending cuts, privatization of state industries and services, dismantling of any protective tariffs and trade regulations, and raising interest rates. The effect that this will have is to rapidly accelerate, both in the speed and volume, the unemployment rate, globally. The stock market would crash to record lows, where governments would be forced to freeze them altogether.

When the crisis is over, the middle classes of the western world will have been liquidated of their economic, political and social status. The global economy will have gone through the greatest consolidation of industry and banking in world history leading to a system in which only a few corporations and banks control the global economy and its resources; governments will have lost that right. The people of the western world will be treated by the financial oligarchs as they have treated the ‘global South’ and in particular, Africa; they will remove our social structures and foundations so that we become entirely subservient to their dominance over the economic and political structures of our society.

This is where we stand today, and is the road on which we travel.”

More of this very worrying article here.

Respect to my brov for reposting this from Evil Speculator and maybe other sites.

Shocking, just shocking…

As I watched the Gold price drop on friday like a stone with the news of the potential Dubai default, I wondered again at the sanity of being in this market. As it turned and began to climb almost as quickly back up again I laughed at the fickle metal and settled back to watch the roller coaster again…

Trying to punch above my weight and play smart in the Gold market has left me with sweaty palms more than once in the last few years. Instead of shooting overpriced houses, I was racing round central London in 2008 refreshing my wireless connection, desperately trying to get a signal so I could dump my holdings just as the price was about to go over the cliff. Does this sound like a sane individual? No. It rates as one of the lowest points, but that’s the market, and the nervous contentment of seeing the price up again by $10 each morning when Gold is on a run gives odd satisfaction to a self confessed Gold bug.

From the endless doldrums through most of 2007, to the sudden freefall of 2008 along with almost everything else, to the seductive skyrockets at the end of 2008 and the end of 2009, it has been one hell of a ride.

One thing has seemed clear to me for a long time now though. We have been in a Gold Bull market that has a way yet to run. To an extent, it may inflate and deflate like other asset bubbles, and it certainly isnt the last time it will drop hard, but there are some fundamentals at work here that are undeniable.

From the concept of Peak Gold (quite possibly reached in 2000) to the admission by the Chinese Governments that they have been and will continue to buy on ALL dips (and strongly encourage their own citizens to do so too) as well as almost all other governments becoming net buyers of Gold, to the overproduction of the USDollar like confetti backed by hot air while Debts are roaring higher…the reasons go on.

For a while the price of Gold was really only making advances Vs the USDollar (not neccessarily a good sign) but the fact that it is now pushing nominal highs Vs Sterling, Euro, Swiss, and other currencies means to me that something more deeply rooted is taking place.

I have been tempted many times to pull out completely, save myself the stress and anxiety and stop caring, but somehow I always come back for more. Call me a sucker for punishment, but while politicians continue to lie through their teeth, the debt levels of the biggest nations are all heading in the wrong direction – the UK rating especially looks to be heading for junk status – and the rest of the poor sheeple heading for poverty, then something tangible like Gold really has seemed like the obvious hedge for a while now. Hopefully once everyone realised that, I will have sold out and moved to an island somewhere…

10 days til we head to the Pacific to begin our first scouting mission…

Appearing at a bookstore in the downtown Loop, Gore was confronted by a team of demonstrators from a grass roots group called “We Are Change,” as he was signing his latest fascist screed on the global warming swindle. Gore bolted from the bookstore, raced down an alley, jumped into a waiting car, and tried to speed off, with protesters chasing after him and banging on the car.

Full article here.

Could it be that people are actually beginning to pay attention?

Not if you read the MSM though or listen to politicians as there is precious little coverage of anything contrary to the standard GW theories…or is there:

Australia is leading the revolt against Al Gore’s great big AGW conspiracy – just as the Aussie geologist and AGW sceptic Professor Ian Plimer predicted it would.

ABC news reports that five frontbenchers from Australia’s opposition Liberal party have resigned their portfolios rather than follow their leader Malcolm Turnbull in voting with Kevin Rudd’s Government on a new Emissions Trading Scheme.

Rest of the article here.

A particular favourite quote would have to be the bloggers description of Australia’s urban community as

“pinko, libtard metropolitan fleshpots.”

Meanwhile Gordon Brown continues to bumble along, throwing money at things in his usual style in an attempt to hide the problems…

WAKE UP!

What is with the “news” these days??

Tony Blair and George Bush knew there were no WMD’s but, having run out of reasons to attack Iraq, just went ahead anyway!

As if it hadnt been obvious from the start, this is now being reported as “NEWS”

Global Warming (renamed Climate Change) has been clearly shown to be a sham, intended to allow Governments endless reasons to tax and control their minions…

Dubai finally admits that actually it cant afford to build a ludicrously overbudget supercity from scratch….and most all bubble asset classes go over the cliff again…

9/11 Texts released on WikiLeaks show some extraordinary inconsistencies, suggesting that perhaps the Bush regime wasnt entirely honest about things? Surely not more lies?

Is it just me or are things really starting to unravel, just as the MSM would have us all belive that things are getting back to normal and pfffew we managed to avoid a massive depression. Double dip anyone?

Modern historians will look back at the defining events in this period in history and marvel at the disgraceful behaviour that went entirely unchecked for so long…

For a more eloquently written version of this outrage and other things you can check my brothers site here, as I just noticed that we posted about the same topics at about the same time…does combined outrage make any difference?

A refreshing amount of sense from a rapper: