ECB keeps Interest Rates Unchanged...

[parsley]

Aren't California's movie stars heavily invested in
Texas?

[bduke]

Cottonpicken..... Agreed. I think the example is the IMF which has been
appropriating taxpayer money since 1944.

In 1998 the IMF gave 23 billion to Russia... not that long ago at my age!

I think election promises and lack of economic education in school
curriculums are the underlying causes of new age capitalism which has
much government involvement.

Your insolvent province... e.g.Ontario.. comment could also be expanded to
insolvent countries.

The Greeks apparently have been moving euros out of Greece at alarming rates.

Chinese wealth has been affecting Canadian property values for years.

Tom... look at the Generally Accepted Accounting Principles ..GAAP.

The cash of our countries is only a fraction... about 3% I think... of our
economies.

Balance sheets allow leverage which buys time. Time normally allows income
generation and growth to facilitate repayment.

Interest rates are the kickers.

IMHO the more the central banks are involved, the more pressure economically
and politically to keep rates as low as their manipulations allows.

So I expect our "real" rates of return will remain quite low... much longer than
my savings deserve!

I think the uncertainty of economic progress is the underlying factor of soaring
land and precious metal values, and the rush to move money... balance sheet
numbers... to safer havens.

I could be wrong.

Cheers... Bill

[cottonpicken]

There are 2 ways for a government to get capital to
fund itself.

Taxation and inflation

40 years ago charles degaulle called bullshit on the
united states and started redeeming cash for
gold,this forced nixons hand to decouple so the
country could expand its wars and social programs
the blow back to this was inflation which 13 years
later was arrested by paul volker

Fast forward to today we are in a different world but
austrian economic principles can still be applied.

In order to fund education,healthcare,overseas wars
with fancy new f-35's,farm
subsidies,highways,parks,indians,defaulted mortgage
debt,etc,etc the government has to tax or print.

Seeing as our society is taxed to the limit,minus our
corporate rate which is the lowest in the world,the
government will sell bonds and if nobody is their to
buy them,they will buy them themselves,which will
lower the purchasing power of a dollar.

[TOM4CWB]

Cotton,

Inflation IS increasing taxation of the average citizen. It is that simple.

On top... the governments are saying that inflation is NOT a problem. Not for them.... they get more money... without increasing taxes... but increasing GDP.

What did the US do in the 1930's... they spent money domestically and built public works projects and infrastructure. China has and is doing the same thing. Japan the same...

Sooo the EU and US hit the 'reset' button on the big 'currency curcuit breaker' with $5T. China can do this once a month... and who even knows the difference?

When a tree falls in the forest... does anyone notice? Not unless you trip over it!

Perhaps we can make some 'firewood'!!!

[cottonpicken]

I totally agree.

In the thirties they changed the price of gold from 20 to 35 ....overnight.

And then made it illegally.

Land of the free,lol.

"no people are more hopelessly enslaved then those who believe they are
free"

goethe

Anyone heard the russia national anthem in english?

http://www.youtube.com/watch?v=AOAtz8xWM0w

[wedino]

Mr. Gold, Jim Sinclair question answer at toronto meeting. He's been right to date.

[URL="http://standrewsclubav.ca/webcast/client_tanzanian/20120301/jsmineset.html"] [/URL]click here

[wedino]

http://standrewsclubav.ca/webcast/client_tanzanian/20120301/jsmineset.html

[URL="http://standrewsclubav.ca/webcast/client_tanzanian/20120301/jsmineset.html"][/URL]