America's next President
- sebastiaan56
- Blackwood
- Posts: 1283
- Joined: Sun Oct 28, 2007 5:23 am
- Location: Blue Mountains
Good advice, buy commodities, short investment banks. Interesting comments about gold as well.
As for the Fed, it doesnt seem like it has the same mandate as Australia's Reserve Bank. Ours is simple, keep the economy on an even keel, measure this using inflation and keep it at under 3%. Everyone here knows how it will react.
Its going to be a rough ride for everyone I think, there has been easy credit for a long time. Particularly for making war.......
As for the Fed, it doesnt seem like it has the same mandate as Australia's Reserve Bank. Ours is simple, keep the economy on an even keel, measure this using inflation and keep it at under 3%. Everyone here knows how it will react.
Its going to be a rough ride for everyone I think, there has been easy credit for a long time. Particularly for making war.......
make mine fifths........
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- Sassafras
- Posts: 41
- Joined: Sun Oct 28, 2007 2:43 pm
- Location: Oregon, USA
- Contact:
Mad Dog McCain???
Mad Dog McCain? Hundred Year Iraq War John?? I was Against torture when I Cracked Under Torture before I Voted For Torture To Get President Whatmeworry Numbnuts Political Endorsement and Hand Down My Pants McCain?? That McCain??
Not sure what the tax base for petrol in Oz is, but it's 66% in England. Apples should be compared to apples by the media that keep saying out Brits are wishing their petrol prices were down at the USA level.
It works out this way in reality:
Brit petrol @ $7.00/gallon less 66% tax is $2.38 a gallon. Add back on the .46 CENTS for federal USA tax and it's $2.84/gallon compared to near $4.00/gallon in some locations in USA. Of course, states add on tax which is included in the final pump price and that varies. Being a wood cutter and not a math genius I'm open to all math corrections
Not sure what the tax base for petrol in Oz is, but it's 66% in England. Apples should be compared to apples by the media that keep saying out Brits are wishing their petrol prices were down at the USA level.
It works out this way in reality:
Brit petrol @ $7.00/gallon less 66% tax is $2.38 a gallon. Add back on the .46 CENTS for federal USA tax and it's $2.84/gallon compared to near $4.00/gallon in some locations in USA. Of course, states add on tax which is included in the final pump price and that varies. Being a wood cutter and not a math genius I'm open to all math corrections

Still searching for the mother of all figures.
So Larry my friend I take it that you are not a fan of John?
Actually, although I disagree with McCain's positions I have a feeling that that he is more of a "I am what I am and I owe no one any thing" guy then Obama or Hillary. I am still not sure that Hillary is not a guy either.......
You know don't ya that John McCain holds a very unique distinction. He is the only US fighter pilot in history to ever be shot down prior to taking off...... How can this be you ask?
He was in his plane on a carrier off the coast of Vietnam being prepared to take off and another plane across the carrier's deck had a sidewinder cook off that shot across the deck and hit McCain's plane. McCain was able to open the canopy and roll out of his plane as it was consumed in fire but over 100 crew members died in the ensuing fire and explosions........ The carrier very nearly sunk too.......
After being hospitalized he was returned to his carrier and I think, but I am not sure if I remember this part correctly, on his first combat mission after being shot down before taking off he successfully launched from the carrier and was then shot down 18 minutes later by the NVA over North Vietnam. This is how he became a prisoner of war.
Not to belittle his service which I greatly appreciate him for but getting shot down twice and once before you took off is rather unusual wouldn't you say?
Sebastiaan my friend you know bro I always find myself reading your comments and thinking that I wished that we lived closer because I really like the very good guy that I think that you are.
Regardless of if credit is easy or tight unfortunately many leaders know that war is an excellent way to divert attention from their own inability to lead and instilling fear, uncertainty, and doubt (coined FUD by IBM marketeers in the corporate world) sells....... A recession will be denied, high oil prices will be better tolerated, Bin Lauden will not be thought of so often, when our young people are in harms way in a foreign land where the women are so very ugly that berkas are a blessing to the western world........ Damn - I just made a racist remark......

Actually, although I disagree with McCain's positions I have a feeling that that he is more of a "I am what I am and I owe no one any thing" guy then Obama or Hillary. I am still not sure that Hillary is not a guy either.......
You know don't ya that John McCain holds a very unique distinction. He is the only US fighter pilot in history to ever be shot down prior to taking off...... How can this be you ask?
He was in his plane on a carrier off the coast of Vietnam being prepared to take off and another plane across the carrier's deck had a sidewinder cook off that shot across the deck and hit McCain's plane. McCain was able to open the canopy and roll out of his plane as it was consumed in fire but over 100 crew members died in the ensuing fire and explosions........ The carrier very nearly sunk too.......
After being hospitalized he was returned to his carrier and I think, but I am not sure if I remember this part correctly, on his first combat mission after being shot down before taking off he successfully launched from the carrier and was then shot down 18 minutes later by the NVA over North Vietnam. This is how he became a prisoner of war.
Not to belittle his service which I greatly appreciate him for but getting shot down twice and once before you took off is rather unusual wouldn't you say?
Sebastiaan my friend you know bro I always find myself reading your comments and thinking that I wished that we lived closer because I really like the very good guy that I think that you are.
Regardless of if credit is easy or tight unfortunately many leaders know that war is an excellent way to divert attention from their own inability to lead and instilling fear, uncertainty, and doubt (coined FUD by IBM marketeers in the corporate world) sells....... A recession will be denied, high oil prices will be better tolerated, Bin Lauden will not be thought of so often, when our young people are in harms way in a foreign land where the women are so very ugly that berkas are a blessing to the western world........ Damn - I just made a racist remark......

My Grandfather told me as a small boy, to never be indebted to any man. Even for your home. My parents never owed money to any one. They bought land and we all helped to build a small home. Then added on as money became available. The old fella had some great advice, and when you don't owe anyone a cent, it really doesn't matter squat what interest rates are doing.sebastiaan56 wrote:...
Its going to be a rough ride for everyone I think, there has been easy credit for a long time. Particularly for making war.......
In our Grandparents day, they somehow managed to do without until they had the money to buy something they needed. Banks, credit card companies and department stores have done a very good job at convincing the sheep that they deserve a lifestyle that they can't afford.

I think that it's most evident starting with the Baby Boomer generation. It really cracks me up when friends complain about their kids being lazy, or out of control, or worse yet, sponges still living at home when they are 30+. It always seems to come down to them saying "We don't know were we went wrong...We gave them everything they wanted"!
- sebastiaan56
- Blackwood
- Posts: 1283
- Joined: Sun Oct 28, 2007 5:23 am
- Location: Blue Mountains
Hesh1956 wrote: Sebastiaan my friend you know bro I always find myself reading your comments and thinking that I wished that we lived closer because I really like the very good guy that I think that you are.


Good call. Bank stocks took another pummelling here yesterday, some are at 12 PE ratios, buy, buy , buy..... I wonder if the Fed would give me some cheap money?Hesh1956 wrote:Regardless of if credit is easy or tight unfortunately many leaders know that war is an excellent way to divert attention from their own inability to lead and instilling fear, uncertainty, and doubt (coined FUD by IBM marketeers in the corporate world) sells....... A recession will be denied, high oil prices will be better tolerated, Bin Lauden will not be thought of so often, when our young people are in harms way in a foreign land where the women are so very ugly that berkas are a blessing to the western world........ Damn - I just made a racist remark......
make mine fifths........
- sebastiaan56
- Blackwood
- Posts: 1283
- Joined: Sun Oct 28, 2007 5:23 am
- Location: Blue Mountains
- sebastiaan56
- Blackwood
- Posts: 1283
- Joined: Sun Oct 28, 2007 5:23 am
- Location: Blue Mountains
Hesh,
you sent me off googling as I have heard that there is also Hillary toilet paper available, so what did I turn up?
http://www.hillarystore.com/accessories.htm
Now Im scared, truly scared.
Hey Paul, you met my ex huh......
you sent me off googling as I have heard that there is also Hillary toilet paper available, so what did I turn up?
http://www.hillarystore.com/accessories.htm
Now Im scared, truly scared.
Hey Paul, you met my ex huh......
make mine fifths........
- sebastiaan56
- Blackwood
- Posts: 1283
- Joined: Sun Oct 28, 2007 5:23 am
- Location: Blue Mountains
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