Tuesday
Late Morning Dinar Chatter
10/15/2013
TNT:
[2sirden] The Only Thing Predictable about the RV is that it is Unpredictable
[ALREADY BLESSED] I am absolutely magnificent and getting better...thanks for asking!
[ALREADY BLESSED] Very hopeful for today!
[cas] Awesome!!
[blessed1$] (hi) GM IQN Family...Don't know how comforting this may be but when I was prego w/my last child I asked my 10 yo son when she would be born March or April (due date) he said March. I asked for a date & he said the 12th and she was born 10:30pm on the 12th of March. He wants to give ($)gifts to 3 friends & I asked when & he said Saturday. He is 26 now God used him before let's hope he uses him again
....
Read More Link on Right.
[2sirden] The Only Thing Predictable about the RV is that it is Unpredictable
[ALREADY BLESSED] I am absolutely magnificent and getting better...thanks for asking!
[ALREADY BLESSED] Very hopeful for today!
[cas] Awesome!!
[blessed1$] (hi) GM IQN Family...Don't know how comforting this may be but when I was prego w/my last child I asked my 10 yo son when she would be born March or April (due date) he said March. I asked for a date & he said the 12th and she was born 10:30pm on the 12th of March. He wants to give ($)gifts to 3 friends & I asked when & he said Saturday. He is 26 now God used him before let's hope he uses him again
....
Read More Link on Right.
[redhead1]
I have heard this morning from several sources that the brokers who left Reno
last Friday are returning this morning in hopes of doing private placements -
at this point they do not have anyone who has been paid
[RedRock] I received and email just now from a contact who invested with me more 10 years ago..
[RedRock] his mesage is : Without giving details, I can tell you that WF big shots who've been prepping Florida branches for this are "100% sure" RV Thursday.
[goldstandard] Time to take an Advil :} Boehner says the country will not default, but I think back to what Churchill once said. "Americans will always do the right thing, after they have exhausted every other option. Let's hope calmer minds prevail in D.C. and this gets done before the clock runs out.
[kath] Hey everyone! Is what I am hearing from Eagle One that CL has given the RV to someone else already?
[bills9898] kath On his call last night he stated that the US has a date to get this done by and if the US does not get it done that she is going to have Europe do it
[kord] bills9898 Okie said that is not true...someone asked that question yesterday in a Q&A
[bills9898] kord At this point I am not sure who is right and who is wrong
[Echo4Sierra] Well if the IMF does give the rv to Europe it is truly gonna suck. But we will have to be sure a remember how our government screwed us. On election day
*******************************
MIG:
[Sparkles] The cat in the hat on the government:
I do not like this uncle sam, i do not like his health care scam.
I do not like these dirty crooks, or how they lie and cook the books!!
I do not like when congress steals,, i do not like their secret deals.
I do not like this speaker man, i do not like this, “yes we can”!!
I do not like this spending spree, i’m smart, i know that nothing’s free.
I do not like their smug replies, when i complain about their lies.
I do not like this kind of hope, i do not like it, nope, nope, nope!!
[.BJ] Sparkles gm and that's how I feel too !!!!!
[Sparkles] .BJ G morning, I cant take credit for it. It is from a girl in a skype room
[.BJ] Sparkles well its still good
***************************
KTFA:
agold » October 15th, 2013, .
Frank, a question I had from last night, How could China go bankrupt? This morning I found a good answer.
WASHINGTON – Here’s a shocker.
China is going broke faster than the U.S., according to economic planner Kirk Elliott
China’s debt is about $36 trillion yuan (or $5.68 trillion USD). This number is astronomical considering that it is just a little more than one-third of the U.S. total debt, but the difference between the U.S. and China is that the U.S. national income per capita is $47,140, whereas China’s national income per capita is $4,260 – not even one-tenth of the U.S. amount. To be on par with the U.S., China’s total debt should be around $1.5 trillion USD, but it is three times that! Considering that the U.S. has an unsustainable debt position, China’s is ridiculously out of control and puts that country in extreme danger of a financial collapse of epic proportions.
China’s officially published interest rate of 6.2 percent is fabricated. In reality China’s inflation is 16 percent. This is eerily similar to the United States as well. The U.S. official inflation of around 3 percent is nowhere close to unofficial inflation estimates of 10-13 percent. What does this mean for China? This means that cost of living, wages and cost of goods sold in China will have to rise, and instead of exporting deflation, China will be exporting higher priced goods, thus affecting the rest of the world that purchases its goods. The world is on the verge of an inflationary cycle like we have never seen. Additionally, central banks around the globe are printing money on a massive scale to try to stimulate liquidity and spending (this is the definition of inflation!). Add to this a rising price structure in China, the major exporter to the world, and we could be preparing for a global hyperinflation.
Excess capacity in the economy and private consumption is only 30 percent of economic activity. Of course this is the case, as China’s population is extremely poor and China is an exporting nation. The vast majority of its goods should not be private consumption. But, what the excess capacity indicates is that there is a global economic slowdown. Since China’s growth is dependent on the rest of the world purchasing its goods, a global recession does not bode well for China’s economic future.
China’s officially published GDP growth of 9 percent is fabricated. The real number is a negative 10 percent! China’s robust GDP has always been a pipe dream, as the country has been building infrastructure (railroads, highways and real estate development – including ghost cities). Since personal spending is only 30 percent of China’s GDP, roughly 70 percent of China’s GDP can be attributed to this massive build-up. It will dry up, as has already started. The regime is about to be exposed, as people are starting to wake up to the fact that the “emperor has no clothes.”
China’s taxes are too high. Taxes on Chinese businesses – indirect and direct – are 70 percent of earnings. Individual tax rates are 81.6 percent. There is no way China can remain strong with these high taxes. We thought our taxes were high – because they are! But we are like schoolboys compared to China. It is the big boy on the taxation block. It’s just economics 101 – a country cannot remain strong or viable with tax rates this high. The population will ultimately revolt. I really believe China is ripe for revolution given these numbers; it’s just a matter of time. Sadly, for the Chinese citizens, their strong-arm government will not look kindly on any kind of political or social opposition.
Elliott concludes: “There is an economic tsunami about to engulf China, and because of the size of China’s economy and its manufacturing might, the impact of the tsunami will be felt far and wide. The United States will feel it in the form of inflationary pressures that we can’t afford right now. Periphery countries to China may feel its military might or cower to political pressure as governments that run out of money start to do irrational things (look at the United States, or Greece, or the European Union).”
Read more at http://www.wnd.com/2011/11/372457/#JEghQyxvI87ZwAqv.99
**************
Frank26: I LOVE when Family does ............. Homework!!!
KTFA, Frank.
http://www.dinarrecaps.com/1/post/2013/10/tuesday-late-morning-dinar-chatter1.html
[RedRock] I received and email just now from a contact who invested with me more 10 years ago..
[RedRock] his mesage is : Without giving details, I can tell you that WF big shots who've been prepping Florida branches for this are "100% sure" RV Thursday.
[goldstandard] Time to take an Advil :} Boehner says the country will not default, but I think back to what Churchill once said. "Americans will always do the right thing, after they have exhausted every other option. Let's hope calmer minds prevail in D.C. and this gets done before the clock runs out.
[kath] Hey everyone! Is what I am hearing from Eagle One that CL has given the RV to someone else already?
[bills9898] kath On his call last night he stated that the US has a date to get this done by and if the US does not get it done that she is going to have Europe do it
[kord] bills9898 Okie said that is not true...someone asked that question yesterday in a Q&A
[bills9898] kord At this point I am not sure who is right and who is wrong
[Echo4Sierra] Well if the IMF does give the rv to Europe it is truly gonna suck. But we will have to be sure a remember how our government screwed us. On election day
*******************************
MIG:
[Sparkles] The cat in the hat on the government:
I do not like this uncle sam, i do not like his health care scam.
I do not like these dirty crooks, or how they lie and cook the books!!
I do not like when congress steals,, i do not like their secret deals.
I do not like this speaker man, i do not like this, “yes we can”!!
I do not like this spending spree, i’m smart, i know that nothing’s free.
I do not like their smug replies, when i complain about their lies.
I do not like this kind of hope, i do not like it, nope, nope, nope!!
[.BJ] Sparkles gm and that's how I feel too !!!!!
[Sparkles] .BJ G morning, I cant take credit for it. It is from a girl in a skype room
[.BJ] Sparkles well its still good
***************************
KTFA:
agold » October 15th, 2013, .
Frank, a question I had from last night, How could China go bankrupt? This morning I found a good answer.
WASHINGTON – Here’s a shocker.
China is going broke faster than the U.S., according to economic planner Kirk Elliott
China’s debt is about $36 trillion yuan (or $5.68 trillion USD). This number is astronomical considering that it is just a little more than one-third of the U.S. total debt, but the difference between the U.S. and China is that the U.S. national income per capita is $47,140, whereas China’s national income per capita is $4,260 – not even one-tenth of the U.S. amount. To be on par with the U.S., China’s total debt should be around $1.5 trillion USD, but it is three times that! Considering that the U.S. has an unsustainable debt position, China’s is ridiculously out of control and puts that country in extreme danger of a financial collapse of epic proportions.
China’s officially published interest rate of 6.2 percent is fabricated. In reality China’s inflation is 16 percent. This is eerily similar to the United States as well. The U.S. official inflation of around 3 percent is nowhere close to unofficial inflation estimates of 10-13 percent. What does this mean for China? This means that cost of living, wages and cost of goods sold in China will have to rise, and instead of exporting deflation, China will be exporting higher priced goods, thus affecting the rest of the world that purchases its goods. The world is on the verge of an inflationary cycle like we have never seen. Additionally, central banks around the globe are printing money on a massive scale to try to stimulate liquidity and spending (this is the definition of inflation!). Add to this a rising price structure in China, the major exporter to the world, and we could be preparing for a global hyperinflation.
Excess capacity in the economy and private consumption is only 30 percent of economic activity. Of course this is the case, as China’s population is extremely poor and China is an exporting nation. The vast majority of its goods should not be private consumption. But, what the excess capacity indicates is that there is a global economic slowdown. Since China’s growth is dependent on the rest of the world purchasing its goods, a global recession does not bode well for China’s economic future.
China’s officially published GDP growth of 9 percent is fabricated. The real number is a negative 10 percent! China’s robust GDP has always been a pipe dream, as the country has been building infrastructure (railroads, highways and real estate development – including ghost cities). Since personal spending is only 30 percent of China’s GDP, roughly 70 percent of China’s GDP can be attributed to this massive build-up. It will dry up, as has already started. The regime is about to be exposed, as people are starting to wake up to the fact that the “emperor has no clothes.”
China’s taxes are too high. Taxes on Chinese businesses – indirect and direct – are 70 percent of earnings. Individual tax rates are 81.6 percent. There is no way China can remain strong with these high taxes. We thought our taxes were high – because they are! But we are like schoolboys compared to China. It is the big boy on the taxation block. It’s just economics 101 – a country cannot remain strong or viable with tax rates this high. The population will ultimately revolt. I really believe China is ripe for revolution given these numbers; it’s just a matter of time. Sadly, for the Chinese citizens, their strong-arm government will not look kindly on any kind of political or social opposition.
Elliott concludes: “There is an economic tsunami about to engulf China, and because of the size of China’s economy and its manufacturing might, the impact of the tsunami will be felt far and wide. The United States will feel it in the form of inflationary pressures that we can’t afford right now. Periphery countries to China may feel its military might or cower to political pressure as governments that run out of money start to do irrational things (look at the United States, or Greece, or the European Union).”
Read more at http://www.wnd.com/2011/11/372457/#JEghQyxvI87ZwAqv.99
**************
Frank26: I LOVE when Family does ............. Homework!!!
KTFA, Frank.
http://www.dinarrecaps.com/1/post/2013/10/tuesday-late-morning-dinar-chatter1.html
No comments:
Post a Comment