Thanks CFS, let’s see how this plays out.

Hopes and prayers, man!

And I am ashamed of the world’s behavior.

CFS,
Could you please provide a link?
I could find nothing about this on the EMERCOM website. Even tried to google it.
Thanks!
Jody D

I don’t think Putin and Russia’s allies will have any choice but to prepare for war.
If they don’t they will be picked off one by one until the neocons and their allies have total control and supremacy. The neocons and their allies will create a total hell on earth with their devil god being worshipped on pain of death. For the good of humanity and christianity the neocons and their allies must be stopped even if it means total war.

Naaah, they are plugging miners because there is nothing left to get any juice out of and this is pretty much the bottom of the barrel shopping so its an easy call to make. Should be a good run if the market holds up.

Does not play in California!

Works! Thanks

I posted the link yesterday

That is the headline story bb and it is one that will pass under the radar altogether because few appreciate the significance. What the Chinese are doing here is exactly the same thing most of us at Korelin are attempting to do by closely watching gold.

They are getting in at the bottom. They are investing wisely for the future too.

See there is a common thread to the tale of development. You take a populous. agricultural, resource rich nation (or two) that are otherwise impoverished, suffer low levels of education, have poor transport networks and just a thinly developed financial network and put them into a special recipe.

The recipe calls for school system to be greatly expanded, for infrastructure to be built out, for reform of governance and justice systems and the introduction of democratizing processes. Then you add capital, land reform and enthusiasm from outside investors against a backdrop of low wages and improving social health and literacy campaigns.

We have all seen this story again and again. We know the basic formula for nation building and development. Look at South East Asia for example. Vietnam, Cambodia and others. How about Malaysia or the Philippines. Look at China itself or the many poor South American countries that took off like rockets on fire from a standing start many years ago.

See this is not really about talking up one single country or a region (even if it sounded that way to some of you). It is about understanding a process that keeps repeating again and again and represents a great long term value from an investment perspective.

Especially for those who got in early.

The process is really familiar to most of us already and takes decades to play out. This one is still in its infancy. It awaits the elixir of life which we call credit to set it on fire though. But that is coming.

And so what China is doing here goes much deeper than just getting access to resources. They will be a key player in the development process from the bottom right on up which will support their global agendas while building a network of trade partners and allies that could support them for many years to come.

So this is a story about getting in at the bottom. You have got to see the big picture from decades out to really appreciate how it all works. Honestly, I really don’t think most people get it though. They have all heard the Africa mantra intoned these past couple years.

Africa, Africa, Africa…..

But it really sounds like blah, blah, blah to most of them. They remain distant and aloof to the idea. It looks too much like a lost cause from the outside (they always do). And they cannot appreciate how rising education levels and improving health mixed with land reform, a growing banking sector, widespread credit and broad public participation in a progress agenda can drive a renaissance of economic development and growth.

Until they think about China or other countries that took off like greased lightening once the magic ingredients were all in place. Then the light goes on in their heads. But not everyone has the patience for this kind of story. The time horizon for all the pieces to come together can be 40 or 50 years or longer.

That is a long wait. I think the Chinese in particular sense the long term opportunity given their own rapid development that has been underway during these past decades. Their involvement here is brilliant, strategic and well thought out as they assist by adding some of the key ingredients for the cooking to turn out well.

Like I said. We know this story already. Africa is merely the last of regions to join the party. And if China is this interested out of the starting gate you can be damned sure they will want to be at the finish line too.

http://www.zerohedge.com/news/2014-05-14/ukraine-just-issued-1-billion-bonds-backed-us-taxpayer

Where is BIG AL GORE (carbon tax boogie man) , when you need him., He should be headed to jail, along with the other guy……….

CFS – I’m not sure what to make of Michael Snyder. His articles seem cogent enough. But his book promoted alongside his articles – ‘The Beginning of the End’ is unadulterated rubbish! For someone claiming to be a writer he makes one elementary mistake after another.

This is a good one on the bond buyers in Belgium……..nice trick from the FED.
Dr. Craig P. Roberts discusses this at usa watchdog………………..

to go along with these charts……….if the banks create the cash…….and if the amount of EXCESS RESERVES on the banks ledger sheet…..exceeds $2.6 Trillion…..Think we might be in trouble…?

depends on how far back you what to go……phil………

Philski, this is not an investment site. It’s just a bunch of old guys hashing out their arguments for and against the economy, politics, gold and silver. It is purely for entertainment…..so of course I got a good laugh out of your comment 😉

one thing about truth, ……..you will never know about it from the govt…….

Ha…a guy with an attitude! You will fit right in!

You pissed him off………….maybe……….

Phil;
Are you referring to this fund manager?
http://www.firstasset.com/products/overview/?fund=JFT+Strategies+Fund

Philski, I honestly believe we are facing a global asset price collapse but I have no idea when it might happen. I don’t usually veer too far off into the gloom forest though because it is not helpful to me day to day.

In the big picture though we do have quite a bit of evidence that valuations for everything from stocks to bonds to farms to houses and so much more are historically overpriced or getting long in the tooth.

We are seeing extremes in almost every financial and investment category known to humanity. I need not even break a sweat covering some of the most popularly discussed threats. Japan is a perfect example of a problem that will infect the global economy though. It’s debt is epic such that it is impossible to conceive of it not flaming out in a hyperinflationary hell-ball.

Well that is the worlds third largest economy. Does anybody really believe Japan can go down and we won’t feel it? Then we have China with a credit bubble so large and a property market so egregiously overpriced it defies being properly calculated. And that is the second largest economy in the world.

Back in the good old USA the combination of municipal, state and federal debts has become so large that nobody even bothers considering how to pay it off anymore, let alone control it. We all know that a default has unofficially become the only way to extinguish the debt. And that is the worlds first economy.

Of course, the story just deteriorates from there and after having reviewed the basics of our three leading economies. We know meanwhile that interest rates and inflation rates are both at bottoms for most of the developed economies. They have only one direction to go now and that is up.

No doubt we will finally see that other lonely metric, velocity of money, finally reverse off its floor and head a whole lot higher. Won’t that bring cheers of excitement. Just a matter of time though.

And that brings me to one of the mammas of unwinds that should wreck the party which is the derivatives bubble, most of which will be triggered by rising interest rates. No worry though. The banks will all default on those promises and nobody will get paid. And the obvious reason is that what is not payable will simply not be honored. How the financial sector survives that event is truly beyond reckoning.

The point I am slowly getting at here is that there is nowhere to hide.

You can buy bonds but the odds are a good many will never be redeemable. You can rush into stocks if the fact of such extreme leverage does not give you indigestion nor does the concern that valuations are off historical charts for many companies. Shoot, many have zero revenues. How safe are those when the crash comes?

Or you could run to property. But gee whiz…wouldn’t you know but property prices are inflated virtually across the entire globe. And property taxes are becoming so onerous they make holding some property a net loss especially given so much of it is destined to lose value rather than rise further in price.

Even here in Africa where in many countries almost no credit exists whatsoever they still managed to blow one of the biggest housing bubbles on the planet when measured in terms of price to income or price to rent. Totally unbelievable. Mud houses with corrugated steel walls surrounding them can run into the high tens of thousands of dollars for God’s sake.

So there is not safety nor security in housing either. It must and will deflate eventually. Even farmland prices are so out of line you could not conceivable earn an income growing crops on most of it anymore. Yet that is where many investors are running to preserve capital as an alternative to bonds.

Meanwhile over in crazy land, those with the really big bucks drop millions on paintings, art, gemstones, antique cars and vintage wine rather than keep cash on hand. Why? Because you cannot trust banks and nobody wants to risk getting bailed-in when the next financial crisis strikes. And many of those extreme wealthy seem to appreciate that what they have acquired can one day be taxed in creative ways that are becoming increasingly difficult to evade.

It is coming though. The trouble I mean. Bank defaults. Bail-ins. New taxes on wealth, on homes, on assets and on estates. We all know it. As soon as the sovereign debt problem surfaces again we are back in very deep waters.

See, that is what I think will be the trigger to set off a cascading series of defaults in other sectors and in the process sink banks, bonds, business and nations. It’s a regular shit storm of the most serious proportions. There is nowhere to run and nowhere to hide for the vast majority of people.

Some here think gold and silver are the answer.

But I think it will actually be the one asset nobody in their right mind actually wants to hold anymore. That asset is cash. It is unloved and about as useful as a boat anchor where earning interest is concerned. But it may the the last thing standing once the dust settles and the one thing that almost nobody has in sufficient supply to service their debts and keep their property taxes paid.

Just like that last big depression.

IT , can only get better….with Hillery……………..he,he………

The amount of money used in Tarp and QE could have paid off every mortgage from commercial to residential in all 50 states….how strong would the economy be today with Zer0 mortgage debt………..oh ya that would mean the banksters just lost their #1 income earning machine….the banks run the Whitehouse, always have always will….as they have the perfect Ace….screw with us and we won’t sell the governments debt, CheckMate!!