In terms of money Mr Nixon signed and demolished the base gold on the FED issuance allowing the current pressing toilette money. Now we are witnessing the most important central banks doing the same so....we'll watch in coming decades a great disaster everywhere.
And your FED is a private institution where major banks took and take free credit.
Who 'll pay your banking debts? YOUTHEPEOPLE by inflation instruments.
It' s clear that no one "da LIB" president could be able to solve or worsen any relevant social/economic condition.
Da Libs accept to govern when neocons GOP have accomplished the greatest theft of their history against declining middle class (YOUTHEPEOPLE).
America can only improve and change the trend through an ethical GOP.
No doubt Mr Nixon started your economic meltdown and the oil -Bush family- administration was commissioned to promote and increase your domestic and foreign debt.
Mr Obama is only a puppet to provide fictitious hope. Meets orders and no more than that.
South Cosmic Dust
Bought 10 K CHLN @ $ 2.5
Hola
(very very very nice SA report about CHLN) (expecting $3 tomorrow after their Q)
(while continue looking for some work to pay the native costs)
Hola
the 200 million to climb another step,one stronger scale in their business, new finantial partners too (MS)...
To get a better answer ask Infn; he knows everything about great businesses.
SCD
Why the American banks "BUILT" FNM, FRE and AIG?
Easy answer: to send there their sick leverages against "youthepeople" when they are needed.
SCD
when somebody bet FOREX, use leverages 100:1, 1000:1 and Soros would be above six numbers to one if chose against a Central Bank as he did.
Infn wrote he never play there but was and is my house, so can confirm -by fundamentals- that technically nobody pay the leverage if has the money behind.
Not difficult to understand. You are winning more money taking more from others because you are not using yours.
Two usual procedures:
a) Stronger corps oftentimes having a bank inside. The idea to get "leverage" when arrive the bad times isn't true. Just a back to back loan to clean their financial problems.
b) The banking system or the insurances is incredible corrupt. That's real leverage without any kind of support. They are borrowing and lending all the time but multiplying thousand, billion times real assets.
May ask one?
what would yo do if you are negotiating more cheaper land or assets?
The money business isn't to pay with your own money. The money business -that's the real thoughts within WS- is to say i have money showing it very few times.
The current system is a broken one. When 'll happen?
Who knows...
From feudalism to capitalism took six decades but this age needs at least a century.
From a fundamentalist view and being a FOREX player, can lose one, two, five thousand using the first leverage to get the reverse between two relationships using 3 decimals.
When you get the level and you are within, follows the great leverage according your savings: the real bet.
(Personally hating YEN so feeling comfortable by this Japanese new minister. That commies are spending all their wages leveraging their state islands while waiting the next tsunami or earthquake.
Read me well, don't want more natural disaster there but preferring they may use that incredible leverage to buy land in another place far from they are right now).
Greatest leverages are scams and nothing more. The sick leverages are just financial procedures to not work and to steal everybody.
#1
(you may accept a little insanity helps to live with less contractures)
(if he don't take a gun corresponds to accept him like he is and his mask)
(You are in America. Be free all times if you can...)
SCD
Thanks Master. Checking both.
can't understand why remain strong and above 1,30 this relationship.
Waiting if reach again 1,33 or a bit more near 1,34 to bet against with big numbers.
Hola
Reading in another way you may accept when someone -XIN or my friend- confirms having completed a nice business paying cheaper a piece of land, the "finance money" appears immediately to get their profits.
The current bank system only puts money to remove a larger piece. And when they took bad risks they transferred their debts to the state as anywhere in the world: developed or developing countries are the same because the banks are also the same.
The other problem I read is about the ignorance of profits in Real State.
Are very different from KO or a farmer planting soybean.
There the reason to accelerate buildings expansion agreeing to pay an "uncomfortable" interest.
During crisis times those where no one buys or sells, shrink a lot the percentages of benefit, but if we could continue the operating by borrowed money to keep the expansion pace, at the end of the tour you get -at least- more sqm in your pocket and waiting for better sale times. No more money, just more sqm.
Maybe not the time for expansion in the West -while the Real State is recovering slowly @ US- and specifically in developed countries while they are cutting social benefits and consumption (all Europe), but if you are in the East there are a lot to do if you are within a rich country full of poor people like China.
SCD
(long Brooklyn, Ron Paul and Lennon)
Let me tell you a true story that happened to me two weeks ago.
Because there is NO credit and our sick president steals all she can there isn't enough dollars to fund exports or to finance buildings.
Here we have to buy the land in dollars and nobody accepts "pesos argentinos" because it has a daily devaluation in the black market (80% the spread between the official and black market).
One builder friend bought at auction a very well located ground that must be paid to the court using the "official relationship".
He had to complete 90% of the debt in the coming ten days from the auction and didn't have all the money.
No plans nor permits so sold five departments to an investor and asked me to help him with USD 100 K during 20 days due has to collect that money from other buildings quotes accepting to pay 0,2% daily interest.
He paid the land to the court -like Williamsburg- and last Friday called me again to return 103 K without problem.
In six months he'll be ready with the drawings and permits to star there and I guess he may sell more sqm accepting "Argentine pesos" to build without taking money out of his pocket.
Nothing better than a country without a credible currency by high inflation in order to understand what means the credit and the basic confidence to continue doing business.
SCD
(we didn't sign anything; no lawyers, no bonds: is black or white?
(query: why Americans are paying every second a lot of interest to your broken banks??)
Writing from a broken country
did a mistake because wasn't clear: the Chinese aren't selling overseas like the last five years, they can't export the same qty because the rest of the world has no money.
---------------------------------------------------------
SOME NUMBERS TO CONFIRM THE CURRENT SITUATION ROOM:
Last year, the Chinese car industries, the world's largest-exported for the first time in history more than 1 million units (1.0561 million). It implies that foreign sales increased 30% compared to 2011, and that, compared with 2001 (19,000 units), grew over 500% in a decade.
Now, with the slowdown of the Chinese product (6.5% / 7.5%), the automotive sector would expand 8% per year in 2020 and reach 22 million units. Then, the urban population would be 60% of the total (today is 51%) and 58% of households in the cities belong to the middle class (income of $ 15.000/US $ 30,000 annually). The result of this trend would be crossing the fleet in seven years would exceed 200 million units, with ownership of 15% of the population (in the U.S. this ratio is 100%).
A growing part of the Chinese exports was made through production plants installed on the outside. Cherry, the main one, has 17 terminals in 15 countries on 5 continents (including Brazil) and plans to install another 10 in the next five years.
The global automotive production in 2013 will exceed 82.4 million units, with a growth rate of 2.5% to reach 4.9% in non-Japanese Asia (China, India, Thailand, in the first place).
Germany is the leading European automotive industry and is the world's largest exporter. The Asian production has tripled between 2007 and 2013. One in three German automotive manufactures in Asia.
Volkswagen produced more cars in China than in the Federal Republic.
SCD
(poor Detroit, you may short the Michigan debt tomorrow morning during pre market and at the same time start thinking about Michael Moore movies: he's one of your best antibodies like was MLK many decades ago)
The Chinese problem isn't the industrial production but their stocks: Their warehouses are full and can't sell like the latest five years.
Of course China 'll be growing and buying overseas the coming decade.
Real State 'll remain growing because Real State means commodities and nobody can grow without them.
SCD
(people who believe in the Real State Chinese bubble should sit down and wait for their next reincarnation)
Developing countries grow if their bourgeoisie can save and invest in their -or better- homes.
We often do presales with flooring plans and images of the future buildings.
It's an obligation to collect some money with presales because there isn't enough credit to build and developers have to pay around 25% for the land.
The problem is about your brain. The american brain thinks 'll get credits in one or another way. Somebody 'll pay your bill...
Well...hereinafter time to change your brain policy or....you know better than me what 'll happen again and again and again: bad times ahead and can confirm this right now.
You aren't savers. You spend more than you win.
When somebody pays in the pot -presale- you get a 15% off compared to those buyers who invest when the building is ready : 2 years the average to build.
Really don't think the Chinese investors or XIN customers who 'll buy Brooklyn have doubts like Infn or Shelly.
SCD
(southern sentence: Thieves think that all others are like them, and investors think that all are investors; that's the way how we see each other: just the color of our eyes...)
...as wrote many times, not easy to stay here.
lowering our life quality without any kind of investment in sight.
USD gap between black and official market around 80% (9.38 pesos the black and 5.18 pesos the official) and no one can sell even an apartment without the possibility of repurchasing it later from the inevitable devaluationthat 'll arrive sooner than later.
The queen is absolutely crazy. She is sick.
She also is a thief and starting to know how and when she and her husband stole a lot of money (would be 10 billions) taken out of the country. Her late husband was very sick too and a "better" thief so feeling anger hoe she push the entire country into chaos to runaway in middle of slippage.
Wishing the worst for our Queen Christina. Hopefully she may finish her life locked in the worst jail having had to return most of the looted money.
Again to suffer ..at least ten more years to solve the disaster
tired Hola
Having lost the opportunity with "da" Greek bonds, it;s time to buy the Cyprus bonds.
Bought $ 50K (2014)
SCD
southern hyphotesys:
The bond pays 13.25% six times on a basis of $ 200 million.
That means a nominal 79.5% to 2018, so we have : 200 x 1,795 = 359 million which practically coincides with the current market capitalization.
If we accept ISBC -also my bank in Argentina- is one of the most powerful Chinese banks and their American counterparts are also able to handle this loan we may watch a nice buy pressure on the entire float.
SCD
(XIN is sharing a good percentage of their profit with powerful people..)
sold 1 K UCO @ $ 27,56 (6% - taxes)
SCD
(improving the average and imaging the rest of the life with barrels in my pocket)
The danger to think is that we can understand.
Just found a good reason to love our hated argentine populism full of thieves: my beloved country does not spend a single penny in weapons.
Llong time ago one German wonder: who was the most dangerous between Hittler and Goebbels?
Immediately answered Hittler. He said I should think a bit more how dangerous are the bureaucrats, those human instruments that choose to kill people without any remorse.
In exchange the leader enemies that are in front of us are sooo clear and evident: they are just enemies and no doubt of what should be done. It's them or us.
Since that conversation begun to consider Goebbels more dangerous.
Since that conversation @ Koln, knew I would return to my country for the old age.
Because if have to choose to live among thieves or murderers have no doubt which prefer. Living with thieves I may lose money, clothes, food or even the refrigerator. Living by murderers have the possibility to lose the life.
SCD
Being born in an anarchic country , it's so easy to take some eclectic views based on that free mind.
Having inside the most absolute peace loving every place, every corner of America. All the Americas.
And also have been fortunate to work in many countries but never in USA. USA only for resting weeks or to study.
(Americans didn’t want to work @ the Caribbean islands and didn’t like to spend for a long time in Mexico: Lucky enough to replace you with a lot pleasure).
The real anarchists aren’t violent. Just don’t take orders from anyone and never would accept a uniform to defend a flag.
All my life (55) without having touched a gun. I've had them close many times but never wanted to touch any kind of weapon. So can confirm you its possible.
And through the hard work and study one becomes conservative. My parents didn’t finish primary school and spent the money in the education of my brother and mine. A poor middle class family with parents who were not lucky enough to be educated.
Like the current large number of young Americans who can’t afford the college.
And had to change a bit more. Why not a “greenanarchistconservative by a fundamentalist economic? not too much distance… It’s a good mixture to keep thinking freely.
But the fundamentalist of the peace was long before the economic fundamentalism: My money arrived after my hatred to the military reasons.
My question was and is: how would do the terrorists without guns or bombs? Why we are manufacturing more and more weapons? Not enough???? Who needs to develop weapons on a planet with its natural resources in process of exhaustion???
From southern view, a fundamentalist conservative anarchic green one, the hawks from countries that develop, manufacture and sell weapons are the most dangerous terrorists.
Unfortunately has arrived very bad news in this April 2013:
UK was moved from fifth place in the manufacture of weapons by China.
Who are the first four ?
We perfectly know that.
#`1