quote:Originally posted by Ace of Spades: This is a silly thread...what a waste
We are not in a recession and the US economy is the best it's every been....
mark this post...things are gonna be great this year!!!
"the US economy is the best it's every been...."
Your joking right?
Wall Street began the second quarter with a big rally Tuesday as investors rushed back into stocks, optimistic that the worst of the credit crisis has passed and that the economy is faring better than expected.
posted
I think this will be a serious recession. What we're seeing now is just the begginning. I've already liquidated half my holdings and bought silver and gold bullion while they were still relatively low in price. Also, bags & bags of pre-1960's silver coins while they are still available. I think gold will go to over $2k an ounce and silver to $40.
Posts: 656 | From: Gouldsboro, Pa. | Registered: May 2006
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quote:Originally posted by beechwood: I think this will be a serious recession. What we're seeing now is just the begginning. I've already liquidated half my holdings and bought silver and gold bullion while they were still relatively low in price. Also, bags & bags of pre-1960's silver coins while they are still available. I think gold will go to over $2k an ounce and silver to $40.
Best move you could have made Beechwood!!!
Congrats!
The wool pulling can only last so long and Bernake knows it.
Posts: 5610 | Registered: Jul 2006
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posted
Unemployment up to 5.1%. Although the true picture is a lot bleaker. The unemployment number is a lie IMO!! The way they figure it out is ridiculous!
quote:Originally posted by beechwood: I think this will be a serious recession. What we're seeing now is just the begginning. I've already liquidated half my holdings and bought silver and gold bullion while they were still relatively low in price. Also, bags & bags of pre-1960's silver coins while they are still available. I think gold will go to over $2k an ounce and silver to $40.
posted
The economy grew in Q1. Is that just a lie??? They used 2.6% as the inflation number. (Now thats a load of crap!) The government just manipulates the numbers. Just like the unemployment numbers!
the numbers have been outawhack for over two years now...
why? because you can now get a cell phone for 50$ and pay 50$ a month for service. not five years ago ...
because you can get a computer with a 160 gig hard drive for 500$ which in 1990 would have been a million dollars (literally)
TV? a 60 inch plasma for 2000$? five years ago it was 25000$ that's how they keep those numbers looking low.
-------------------- "Man is the only kinda varmint that sets his own trap, baits it, and steps in it." Posts: 25850 | From: USA | Registered: Sep 2003
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posted
Very true glass. But people do not buy that stuff every year. The working poor never buy that stuff. But as you say those price declines are what is keeping the inflation number low. Although the "REAL" cost of living is increasing by more then 2.6% a year!
Posts: 1273 | From: Ohio | Registered: Mar 2004
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posted
not only do they not buy that stuff every year?
other than the cell phones (and maybe even them)? they are putting everything on credit cards and paying between 12 and 24% interest on much of it.
when they evaluate the cost of a car? they add in all the extra stuff you get for your money now too..
like safety features, better stereos and navigation systems etc. so they say that inflation is not as high as it is when in fact you are still paying more.
when i look at the avg price of a home? about 200 grand? and i KNOW that you are supposed to spend only 30% of your after tax income on your home payments? nobody in the middle class can actually afford to buy one unless they have saved about 50grand... but we have negative savings rate in the US...
the economic issues we as society are facing are not just the price of oil. we have created a bubble in our whole economy by borrowing and not really paying attention to what things cost and how we will pay for them.
-------------------- "Man is the only kinda varmint that sets his own trap, baits it, and steps in it." Posts: 25850 | From: USA | Registered: Sep 2003
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posted
Glass just think not only is our government using the plastic but the majority of the people in our country.
I do remember slow downs in the past where peoples savings actually increased there spending went down but they had a savings account.
Not today most are pay check to paycheck and using plastic to boot.
You put the govnerment and a big part of the general population all on the same tract. You have a real ticket for a disaster getting very close.
Posts: 5710 | From: phoenix az | Registered: Mar 2005
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posted
You put the govnerment and a big part of the general population all on the same tract. You have a real ticket for a disaster getting very close.
so, here's where it gets interesting.
there's only one way from a macro-economic perspective to fix this.(OK there's really two, but the other is to start a WW)
take the dollar to the basement on the world market.
i know Dubya and Paulson keep saying they want a strong dollar, but that will not work. taking the dollar to the absolute bottom and allowing runaway inflation would make our current debtload insignificant.
the "problem" with that and the main reason inflation is more less flat is that wages have remained falt and will as long as globalistion is being "developed"
globalisation is almost dead. nobody is talking about this yet, but globalisation was premised on dirt cheap transportation.... well? unless oil drops by about 25-30% in the next year? we'll see a precipitous drop in the amount of cargo being shipped worldwide.
shipping raw materials and then goods produced from them was so cheap that ships were leaving America empty and still making profits.
that's one of the reasons that this lady got rich:
China's richest woman: from waste to wealth (Xinhua) Updated: 2006-10-20 15:42
BEIJING -- As night falls on the town of Mayong in south China's Guangdong Province, container trucks emblazoned with the logo "Nine Dragons Paper", a local household name, take to the streets.
Long after most people have gone home for the night the Nine Dragons Paper factory is still ablaze with lights.
We run around the clock. I've never seen a slack period since I worked here," says a company manager, adding that orders had already piled up into December for the firm's packaging products, which are used by companies like Coca Cola, Nike, Sony, Haier and TCL.
Waste paper is the foundation of the wealth of Zhang Yin, the 49-year-old owner of the factory and its sister plant in the eastern Jiangsu Province.
The first woman to top the Huran Report rich list in China, she has amassed an estimated fortune of 27 billion yuan (US$3.4 billion) by recycling scrap paper imported from the United States.
Wealthier than US television host Oprah Winfrey and author of the Harry Potter series J.K. Rowling, Zhang is described by acquaintances as a "round-faced, not very tall" woman who "doesn't like dressing up and looks like a person of action" http://www.chinadaily.com.cn/china/2006-10/20/content_713250.htm
people afford to ship raw materials across the world and reship product back to the very people that produced the raw materials and make a profit?
somebody somewhere is paying big time...
-------------------- "Man is the only kinda varmint that sets his own trap, baits it, and steps in it." Posts: 25850 | From: USA | Registered: Sep 2003
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Why The HELL are we being so LAZY that we won't recycle our own damned PAPER!
Electronics....I get that there are dangerous metals and retardants and what not so it is easier for us to ship it to Africa and China where they don't care if their workers get cancer or not but PAPER???
WTF!
-------------------- What is your goal? Do you know? If so you are already one step ahead of the pack. Posts: 3814 | From: Up North | Registered: Dec 2005
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posted
Why The HELL are we being so LAZY that we won't recycle our own damned PAPER!
interesting question...
quite a few people have been arrested in NYC for illegally picking up paper set out for recycling...
the city makes good money on it.
they even mandate it.
that lady buys more paper to recycle from the US than anywhere else and she gets a deal on shipping cuz the ships would be empty otherwise.
-------------------- "Man is the only kinda varmint that sets his own trap, baits it, and steps in it." Posts: 25850 | From: USA | Registered: Sep 2003
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quote:Originally posted by rimasco: I hear some people are taking it upon themselves to steal manhole covers to sell at 10 dollars a clip.
My friend was also telling me auto catalytic converter are being sawed out of cars and sold for the precious metals they contain. 300-400 a pop.
sign o the times
My personal favorite was in Yahoo Odd-News a few weeks back... Someone thought they would cut down live power lines with a bolt cutter so they could sell the copper to a scrapyard...
The power company found the bolt cutter hanging on the line which was halfway cut, but no sign of the person with the "bright" idea LOL....
-------------------- "Science is the great antidote to the poison of enthusiasm and superstition." Posts: 1893 | Registered: Jun 2005
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posted
It's getting so bad that the casinos are even complaining and cutting back hours on employees.
I heard one of the workers answer a question about it yesterday. Someone commented that gambling gets greater during slow times because people take their money and try to hit a big one to get them out of their money problems.
The worker answered that this time around many people don't have any money to even try and hit the big one.
Posts: 2328 | From: ca. | Registered: Jul 2005
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posted
I know of all three up here. Man-hole covers do disappear from time to time. Converters too.
The guys up here was a little smarter with the power lines. They don't actually cut into the line but they steal the grounding wires of the poles.
Main thing that is causing a big problem at the moment are folks who are breaking into foreclosed and vacant homes to strip the wiring. Major damage to homes that are already sitting empty and bank owned.
-------------------- What is your goal? Do you know? If so you are already one step ahead of the pack. Posts: 3814 | From: Up North | Registered: Dec 2005
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posted
Take it easy guys george flight suit bush says things are going to turn as soon as those rebat checks hit
Posts: 5710 | From: phoenix az | Registered: Mar 2005
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posted
Sign of the times? As some of you know I own a steel service center, small company selling raw material to tool & die shops, machine shops, etc. Sold some 1" diameter, 12' long copper bar stock to a customer Tuesday morning. We showed 15 of them in stock.
About an hour after the order went out into the plant for processing, the guy pulling the stock comes into my office saying he can't find a single length of it out there. Funny, we show 15 and he can't find even 1? Now there's only one place this stock could be located but I decide to go look for myself thinking that someone screwed up and mis-racked it or something. Not only could I not find a single length of it myself but I couldn't find a single piece of any sized copper out there at all. Nothing!
Went back into the office and ran a quick tally of our copper and we were supposed to have close to 3000 pounds of it out there in various sizes, shapes and lentghs. After doing a complete physical inventory, we found one piece of copper pipe that was 7/8" o.d about 6" long in a scrap bin that weighed less than a pound.
So now I've got to figure out who the thief is and how I'm going to catch him. I don't have a single person working here whom I don't trust though. Up until this week I felt I could have left 100's of dollars in cash laying on my desk and no one would touch it. Not anymore.
Posts: 5522 | From: Wisconsin | Registered: Sep 2003
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-------------------- "Man is the only kinda varmint that sets his own trap, baits it, and steps in it." Posts: 25850 | From: USA | Registered: Sep 2003
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90% chance it is internal but that they completely cleaned you out suggests outside job.
Internal is almost always a little at a time.
-------------------- What is your goal? Do you know? If so you are already one step ahead of the pack. Posts: 3814 | From: Up North | Registered: Dec 2005
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posted
Heres some questions you might want to ask. Was it done in one night or pilfered? If done on a single occasion what kind of vehicle would they need to haul? 3000 pounds? even spread out and carried in bundles would take some time for two, three guys. 4 guys and the job almost isnt worth it BUT.... to a youngster it might be.
-------------------- "Simplicity is the ultimate sophistication" Posts: 4005 | From: Shaolin | Registered: Oct 2005
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posted
Even better check the closest places they could have pawned it off. Maybe even bring some pics along. Might not matter... im sure the buyer knows hes not getting scraps.
-------------------- "Simplicity is the ultimate sophistication" Posts: 4005 | From: Shaolin | Registered: Oct 2005
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quote:Originally posted by The Bigfoot: What's your overnight security like Up?
90% chance it is internal but that they completely cleaned you out suggests outside job.
Internal is almost always a little at a time.
Ashamed to admit it but the overnight security is non-existent. We have 3 people working a second shift until about 11:00 p.m. but after that there's nothing. No security cameras, no guards, no nothing. There are ways that daytime employees could have gained entrance to the building in the middle of the night too. An example, if one of our delivery trucks comes back early from a shorter than normal route, he's got an overhead door opener in his truck that is supposed to be placed in a lock box but half the time they forget to do it. It would be a simple matter for one of the daytime employees to pocket it, come back at say 2:00 a.m. and clean us out. It's a risk but a fairly minor one.
Another possibility is one of the drivers loading their trucks in the morning. No one is watching them that closely and they could have thrown a bit of it on their trucks here and there as they are loading and then head to a scrap yard while out making deliveries. There's numerous possibilities and I've got a couple of suspects in mind, now it's just a matter of setting them up for a major fall.
Posts: 5522 | From: Wisconsin | Registered: Sep 2003
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