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« SK OptionTrader Closes 13 Trades, Banking 43% to 100% In Profits | Main | When to Sell Gold »
Saturday
Nov132010

The Beginning of the End of The United States of Europe

Nigel Farage at the EU 13 November 2010.JPG
UKIP Nigel Farage Oct 2010 - EU tax proposed on nations

While all eyes are on the United States of America and its difficulties with the G20, QE2, et al, the United States of Europe is showing signs of falling apart. As the European Union grows and grows the cost of membership for countries such as Britain increases at an exponential rate and civil unrest hits the streets as students invade the Conservative Party Head Quarters, smashing windows in an ugly protest about increased tuition fees.

Two years ago the United Kingdom were paying three billion pounds a year to the EU.

Now its six billion pounds a year

Next year it rises to eight billion pounds a year

the year after its ten billion pounds a year

by the year 2013 it will cost the Britain THIRTEEN billion pounds a year.

All as stated by Nigel Farage, an elected Member of the European Union which you can see on this video clip, please click here.

I guess they could always take a page out of Ben Bernanke's play book and electronically magic these billions out of thin air.

So, where does David Cameron, the British Prime Minister find such huge amounts of cash?

Amongst the many cuts and reforms that the coalition party have introduced in an attempt to balance the books an increase in fees for students attending university has hit a nerve. The fee per year now stands at three thousand pounds and will rise to nine thousand pounds per year. This comes at a time when Britain is reeling from the mess created by the previous administration and union leaders across the British Isles are cleaning their muskets.

Students riot in London 14 Nov 2010.JPG

London Riot: Tory HQ smashed by British students

One of the largest unions is the students union and they have wasted no time at all in expressing their anger and rage when they invaded the Conservative Party HQ in a not so peaceful demonstration as this video clip clearly shows, please click here.

With the PIGS (Portugal, Ireland, Greece and Spain) hanging in there by a thread with the support of the stronger members such as Germany, now isn't a good time for Britain to wobble economically. Sooner or later Germany will tire of picking up the tab for its financially delinquent neighbours and Britain will say enough is enough, as the social fabric of the country is tested to the limit. France has passed a law raising the retirement age by two years and they too are facing the anger of the unions whose ability to bring the country to a halt costs France millions.

The writing is on the wall as these cracks become crevasses and alternative measures are sort to alleviate the pain. Our opinion, for what it is worth, is that Germany will soon introduce its own currency to run alongside the euro. Not to hard to imagine as Britain still retains the pound. However, in a blink of an eye the new mark will become the only currency used in Germany as the euro is shunned.

In conclusion the race to the bottom in the currency donkey derby will continue with the added ingredient of some countries changing horses in order to avoid the 'A' word, Austerity. The voters simply will not tolerate much more in the way of hardship in an environment where the western world's standard of living is about to take a huge fall.

We regret that the world has come to this, but our political masters and their printing presses have set the stage for both silver and gold prices to rocket as a general distrust of the establishment gathers speed.

Brace yourself for eye watering volatility, days when gold prices will move in either direction, in the order of two hundred dollars per trading session and silver prices will move three dollars an ounce.


On the skoptionstrading front some of our 'stops' were triggered last week sending us back into cash with some good profits, we will update the chart on the skoptionstrading site this weekend.


SK Chart 23 Oct 2010.JPG


The above progress chart is being updated constantly. However, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today?


Stay on your toes and have a good one.

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.



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Reader Comments (25)

I wrote in the Economist in 1999 that the European Community would eventually fall apart within ten years. I will be a few years out in my prediction. My reasoning at that time was the the more fiscally responsible European countries would eventually stop supporting the fiscally irresponsible southern European countries.

As you point out, this is starting to happen. The voters in these northern European are starting to learn the cost to them of supporting reckless and unfundable social programmes that prevail in these southern European countries.

The end of the European dream is nigh.

November 15, 2010 | Unregistered CommenterBernard

Bob,

You have a typical American's eye view of our world. Incidentally those who run your country are the ones that own it. lock stock and barrel, and have done for years (centuries?) Yes, they own the UK and Europe, and .....need I go on. They are of no particular national identity. They are international whose aim is to bring the world into a fully integrated 'One World' AND THEY HAVE THE WEALTH
and POWER TO DO IT.

They can keep their names over their doors. They can keep their regional languages, national costumes, dances, wjhatever. But, in the end game, there will be one over all government, just like there is in the US, and one developing in Europe. There will also be one currency. No, no one would have believed it of Europe 70 years ago. It will not be achieved in our time, but we WILL see it get closer.

You start by bringing first smaller parts together, then bring those together. But it takes time, and there is resistance that has to be allowed for. How you eat an elephant - of course, one bite at a time.

Its a big story, too long to tell here. Just give it deeper thought, then you won't have to eat crow, unlike you like crow.

You have no idea what it is all about, or, if you do, then you are deliberately, for ulterior motives, spreading myths.

The US started with the unifying of 13 independent (from each other) colonies. Did it 'fall apart' following a very bloody civil war? It didn't, why? Because those behind those naive jokers called elected politicians did not have this in their plans.

Europe was brought together after unbelievable traumas, and differences, even of language, and politics, and economics, and currencies, with there being no intention for it to fall apart by those who really brought it together. Did Israel fall apart with all its neighbours against it. and the world condemning it? Yet its demise has been predicted many times.

In all honesty Bob, so many like you have this small vision of what is going on, and why. Students rioting? That's what students do. It's part of their education of being a student. If you don't provide them with an 'even' they will find one sooner or later. The US had to shoot the dead on their own campus just because they did not agree with a war What convenient memories you have.

November 15, 2010 | Unregistered CommenterRay

Sorry Bob, that came out very disjointed. I have been having serious problems with my regular computer so had to resort to one of these 'mini' ones. Everything is so small, and I am about to have surgery for cataracts, so while I 'see' the larger issues 'outside the box' I do not see the 'smaller' things to well' on my computer screen.

November 15, 2010 | Unregistered CommenterRay

The QE2 is going to kill our reputation and force other countries to de-value their currency as well. If they do the QE3, it will send our money lower and the worlds currency lower. I read that the chairman of the World Bank "suggested" that we need something to back world currency, like gold or something else that has international value. I think this would send the worlds currencies even lower and may even kill the dollar. What is China going to do when they sell our debt, $700 billion and it only brings in $250 billion in real money. I have a feeling that they will be knocking on our door to make up the difference.

I am truly worried that going forward we are only digging our grave deeper by the day. We have no international credibility with 0% interest. I sent this email to my econ professor and he agreed with me that we are pretty much screwed. If they go forward with QE3, then that would be the end of our country as we know it today.

November 15, 2010 | Unregistered CommenterTony

Tony,

Don't pay too much attention to your economics professor thinks' If you just want a diploma to frame and stick on your wall, and/or convince some company to take you on as an economist, then you have to accept what they dish up just to pass the exam, I accept.

However, academia's brand of economics is not what rules the
day.Your intelligence should tell you that it doesn't if for only what have seen in your lifetime, in particularly, right now.

What we have been experiencing, and still are, with much more to come could not exist if Academia's brand was meaningful. All it is good for, if that, is helping you to be conscious of home budgeting, or running a small business.

They do not teach 'real economics' in those hallowed halls.
If there was one professor among them who understood, he would not be permitted to even hint at them.

Such as Greenspan, and Bernanke, for example. They understand Academia's economics, but its value to them is that it lets them know how the mass will react to cause and effect which is the essence of human life (behaviour).

But they also know 'real' economics. And it is this which
is behind their policies, and which so often confounds those academics who preach their rubbish to the masses.

I can't go into detail here, and give examples, space is limited. But then I shouldn't have to. The evidence is jumping at you/us every day.

Listen to what they say, but THINK for yourself. That is if you really want to understand.
Regards Ray
(in London)

November 16, 2010 | Unregistered CommenterRay Newton

RAY. That is why they all hate gold, it is the one weapon we common folk have and provided we have the belief it is unbeatable. Roger.

November 16, 2010 | Unregistered CommenterRoger Levinson

Ray, although I agree with the theory of your post there is an unknown variable in the equation. The US armed forces, I'm not talking about the avg. grunt I'm speaking of those in the Special ops,inteligence community and the top brass that run these units, and I'm not talking from third hand info, these are the folks that love this country and will defend its independence till their last breath and I promise you while they remain in the shadows in their action and their beliefs they are ready and capable of returning this country to its original intent....these are the folks responsible for opening my eyes and turning me on to gold. GLTA LONGS

November 16, 2010 | Unregistered CommenterVincent

I want to mention that this is a repost from an earlier gold-prices article ... I did so because I want some feedback and this looks like a good group to present to ...

Here goes:
----------------------------
OK ... I am just gonna say it cuz I don't think I can hold in this question anymore:

Why does it feel like another major World War is upon us?

Fine - call me crazy, call me Chicken Little, whatever ... but I can't help but wonder for the last 2 years or so that something bad - really bad - is going to happen globally that is man made ... forget Dec 21 2012, or aliens, or asteroids, or Mother Nature going 'medieval' on our A$$es - it is definitely more plausible that man will '@#%! $hit up' before any of the other events I mentioned.

Look around - other than China and India, every other nation is getting pummeled economically, and it will be a matter of time when the gov'ts of these nations put a name/face to the root cause of these problems, OTHER THAN THEMSELVES, so that the general public doesn't go into lynch mob mode and hang their officials on the gallows ... isn't the current social and economic environment similar to those before the other two WW's?

Did I miss anything?

You should all know that I am generally an easy going person, and very patient, and I don't subscribe to the conspiracy theorists - I don't like to preach or profess - but my opening question at the beginning of this post is starting to percolate - I need some hope for the future but I don't see it, at all, at least for the western world.

Somethings got to, and will, give ...

November 16, 2010 | Unregistered CommenterTJ

TJ,

War isnt something that we even want to consider no matter how tough it gets.

November 17, 2010 | Unregistered CommenterGold Prices

Am I being a little too extreme? I am just stating my concerns for the future.

Yes, since man has existed so, too, has war, I know I know. But something this time is different.

Well, maybe I am being a little too extreme - I am under 40 years old, I live in Canada, and I have been fortunate enough to have never experienced a world war first hand ... and what few remaining citizens that are still alive today that have survived WWII will agree with your statement, Gold Prices, that we should not even mention the idea of a war.

I definitely do NOT want war of any kind, but I am just an average middle class guy who goes to work every morning, much like everyone else, and I don't make the rules that "make the world go 'round". It's the rule makers that end up deciding for themselves what THEY feel is in THEIR best interests.

I now feel that I need to apologize to the rest of you for putting out an extreme concern - if I scared any of you, sorry ... I am just trying to make sense of what I see going on around the world, and the constant onslaught of bad news in the financial world (austerity plans, youth riots, general strikes, massive number of foreclosures, growing unemployment, dying-no, dead manufacturing base in western nations, tax increases on an already overburdened population, etc. etc. etc.)

Not one of you can disagree with me that when you ask- no, force- a population to accept a new, lower, standard of living, with NO possibility of it getting better EVER AGAIN, you better believe people will not be happy.

(sigh) ... looking forward to your responses...

November 17, 2010 | Unregistered CommenterTJ

I will try to cover all the last few posts as succinctly as possible. I accept that this is my view. You see, when I look at a bottle with only half its contents, I see it as half full. (My father's teaching) For every negative, if we seek, there is a positive.

For perhaps obvious reasons, most gold enthusiasts (bugs if you like) have a negative outlook. This should not be, but it is. Go to any of the forums if you doubt.

The only 'warring' we will see in our life time is this so called 'terrorism' These are not people wanting to take over the world, never have (they have been around for centuries), never will. The 'genuine' ones (not false flag)
are ones that are 'reacting' to being pushed around. All they want is to be left alone to live their lives as they wish. If you do not see that, so be it. You are entitled to your view.

As for the US military coming to rescue of the American people from their own government. I'm surprised at how anyone can see this. You have only to look at only three events
in very recent history - Wacko (er..sorry Waco), Ruby Ridge,
Kent State U. Yes the military, any part of it, may protect you from an outside enemy, but NOT your establishment.

Military revolts belong to places like Burma, South American nations and similar. But, if you need a 'security blanket' of hope to cling to, and it helps you through your day........

The round the clock TV news broadcasts, and specially selected documentaries, drumming their 'conditioning' into us = visually, it is easy, if we are not careful, to believe the world is coming to an end.

Be assured - IT ISN'T! Our world has gone through far worse
in its long history. We are all living better today than at any time before, and there is no period I would wish to go back to - to live. Don't agree? Then study your social history.

China is no threat, and never has been in all its history. And even China is controlled by the International bankers who conquered the portions of our world, not by military means, but by that weapon of mass destruction - DEBT. What they are doing now is joining the portions together. And some, small parts, are trying to resist.

Resistance is not tolerated for long, by the bankers, and that is what we are going through at present.

As Shakespeare said - 'All the world;s a stage......'. And the 'bankers (money lenders) are the choreographers, and stage directors. You follow the script.......or else.

Please accept. this is just my view which I share, as you all shared yours

November 17, 2010 | Unregistered CommenterRay Newton

"Hope for the best, but PLAN for the worst my friend"

November 17, 2010 | Unregistered CommenterVincent

12.“Hope for the best, but PLAN for the worst my friend”

Tell that to truly successful people in life, and they will tell you it is a recipe for failure. If you go through life applying that philosophy, it is a bit like driving your car with your foot forever touching the break.

You are holding two conflicting thoughts in your mind - very confusing. It's a common one of the masses. But then, the markets always prove the masses are wrong - EVERYTIME.

That doesn't mean not to have caution, as in be aware. But don't PLAN for failure. Unless one feels more comfortable following the crowd. Remember - the media knows that the negative sells. And it makes good sense for them, to provide the mass with what they want - more profitable for them.

Still, you do whatever gives you satisfaction and a good nights sleep. Just be happy.

November 17, 2010 | Unregistered CommenterRay Newton

Going back to the theme of the article, there will be much more in the news, especially in the US, inferring that European Union is coming apart. They have to keep you from focusing on home problems

Just watch how it rides the waves,emerges much stronger and cohesive than before. There was NO PLAN for FAILURE in its conception. The next 'coming together' will probably be the Asian nations. Not all at once, little by little. It will also take time before the first are brought together. But IT WILL happen.

As will the Americas. Canada and the US are
aleady joined at the hip. And their currencies, both called the dollar are almost at parity - as is also the Australian dollar.

November 17, 2010 | Unregistered CommenterRay Newton

Three quarters of the Brits want to quit the EU, so we have a possible new linkage between America, Britain, Canada, Australia and New Zealand with the little ones such as Gibraltar and the Falklands in an English speaking group of nations who are natural allies and share history and who could firstly join a currency union then a political and cultural and economic union. Much more natural that the EU or the Far East nations. This is what should have happened after WW11 but it is not too late. Roger.

November 17, 2010 | Unregistered CommenterRoger Levinson

Roger, I'm afraid you are missing the point - no, not MY point. These 'unions' are out of our hands. The EU was not formed because it was the wish of the people, just as wars are not started by the wish of people. Getting those member states of the full union (Britain is not a full member - we have our own currency) to give up their independence and currency was not an easy matter.

It is all part of a much bigger picture. All the leaders, past and present, understand, and they all know it is out of their hands to do anything about it. They have to stick to their script. That is why they were 'allowed' (and 'helped') to reach their position – they knew the score, and were compliant.

The slogan of the last World Olympics in China was not picked by them, but it carried the message which few of the mass noticed its significance. It was simply - 'One World, One dream'.
(Got the message ?) It really is so clear once you see it. (like the solution to a puzzle)

That is the objective. And those that are taking us there - no matter what language we speak, or colour, or religion, we are, have made it clear that we either go willingly, or 'be dragged there kicking and screaming,' (not my words)

Those who have the gold (financial power) make the rules. They told us that as far back as the 18th century.

The dwindling list of 'rogue' nations are merely ones that are still putting up resistance. That is why they are tagged 'rogue'. They are ones that are resisting being governed by the 'International Bankers'. They want a 'United World because it is easier for them to control, preserve, and exercise their power.

Theoretically, when all is completed (not in our time, no matter how young you are) no nation will lead (dominate) others. Just as theoretically Washington State does not dominate the other States, or Germany the EU. Or England the United Kingdom, or the United Kingdom, the Commonwealth. But a form of leadership emerges psychologically by natural order.

Nice cosy idea of yours Roger, but a non starter (or finisher)

November 17, 2010 | Unregistered CommenterRay Newton

Ah but ray is that not the philosophy behind investing in Gold, and perhaps you are right most of the time but I consider myself very successful in large part to practicing this philosophy. "A wise man never claims to be so" let us agree to disagree. All the best to you Ray

November 17, 2010 | Unregistered CommenterVincent

Vincent I like disagreement, or perhaps a better word is 'challenge' to my ideas, and beliefs. It permits me to reassess them to see if they are weakened by having them questioned.

To me they are never sacrosanct. If any argument convinces me otherwise, or even throws doubt in amongst them, I am prepared to adapt to any change.

Never considered myself a 'wise man' in a general sense. I feel I am 'streetwise' or strive to be, and that is not quite the same. But even being streetwise we can drop our guard at times, and fall to errors of judgement for which we knew, or should have known, better.

A good example of his was Jessie Livermore, the great market trader of yesteryear. His words of wisdom have helped me a lot by his sharing not just his successes, but of his failing to heed his own advice, and which brought him, in the end, disaster.

To answer your question:

Why do we invest/speculate in gold? I would say, if we are honest, for the same reason as we engage in the financial markets (or any market) - to help us, hopefully, to prosper in the economic circumstances pertaining at the time, and what we perceive will continue sometime into the future.

The best way for we the mass, deprived of 'real inside' information, to do this is by letting our money follow the trend of strong money flow that is bringing the greatest return at the lowest commensurate risk.

To define that further into one phrase - follow the money.

The trend will show you where the money is flowing just as easy as watching a stick in a river will show you (or even a child) which way the current is flowing.

Isn't that simple? You think so? We all fall, at times, for attempting to be smarter by trying guess it, or defy it.

Some cry out that the market is manipulated. This happened particularly with 'gold believers' (hate the word 'bugs')

Whether it is, or whether it isn't (my personal belief is it is, because it HAS to be) does not, or should not, matter. IT MUST PRODUCE A VISIBLE TREND.

It doesn't matter what is claimed as the reason, what is the true state of the economy (we are never told the truth,
anyway, as long as money exists and markets, there will be money flow it up, or down. If you don't like down, then hop off until it flows in the direction you like.

Incidentally, there are these wonderful ETF's today that allow us to play it up, while it is going down. I mean, you don't have to risk 'shorting' by traditional, risky, method.

I've rambled enough, I know. Have fun, if you don't, what good is money.

November 19, 2010 | Unregistered CommenterRay Newton

There are many way of trading and looking for a trend is as good as any, but finding a trend before it starts is far more interesting, satisfying and probably profitable. We know the gold trend and we know it will continue whilst paper currency debasement continues. It will continue because of the inability of humanity to keep to economic rules. For me it is clear that a new trend has to develop as regards energy. Oil is maybe running out, but even if it was not sentiment is building against due to percieved global warming whether true or not. Natural gas is 30% cleaner, so what, it still pollutes far too much also. Only nuclear and solar are viable alternatives probably for the next 100 years or so until energy is derived from either anti-matter [CERN news]or gravity.
The long term chart of the uranium price shows the same bowl formation that was visible in gold some years ago, if a major part of energy requirements are going to be derived from Uranium then a trend of rising prices will be established. The chances of this happening are, from my viewpoint, worth the speculation in uranium stocks and I think that this is beginning to be visible to others as well. I like to look forward in spite of the fact that I entered this world only shortly after the time when gold still jingled in peoples pockets. Not investment advice, just an opinion. Roger.

November 19, 2010 | Unregistered CommenterRoger Levinson

I should explain. Nuclear energy is clean since if there is no use for the spent fuel then it can be sent by rocket to be burned up in Jupiter's atmosphere. Anti gravity drive or anti-matter energy will provide cheap energy to do this. Energy from gravity will be cheap once we have worked out how reverse the pull of gravity. One gets energy from gravity to pull down say a tank of 100 tons of water 100 metres then you reverse gravity and obtain energy from putting it up again and do this ad infinitum. Simple really, we just have to work out how to do it. Roger

November 19, 2010 | Unregistered CommenterRoger Levinson

Roger,

As I wrote " The trend will show you where the money is flowing just as easy as watching a stick in a river will show you (or even a child) which way the current is flowing.

Isn’t that simple? You think so? We all fall, at times, for attempting to be smarter by trying guess it, or defy it...."

I think you will find most entrepreneurs made their great
wealth by taking something proven, following it and doing it better. When they become financially wealthy, they may then look to back others, but they are more selective than just backing what may sound a great idea. They like to see proof that a trend backs it.

There are exceptions I know, to most rules. Being a pioneer can be exciting, but so is daring death to rock climbers, and playing Russian Roulette etc., so some others.

What we should strive for, to me, is balancing the odds in our favour, and I am referring here to the financial world.

I could suggest a number of potential future trends. Accent on the word -potential. And even a solid trend has a time limit no matter how great at the time.

I am not moved away from my belief that it is better to watch a trend develop its intent, then back it. Analysing my failures and successes (and it has taken time) has proved to me that I profit when I follow it, and lose when I don't. Will I never then err again? I will endevour not to, but I doubt it.

You see, we all have that streak of we know better, and can detect the timing of change (timing is the key), and we read, and chose things which suit our thinking. We just can't wait and observe.

Sherlock Homes related something to Watson. Watson commented 'Oh, I see'. Holmes then said - 'Yes you see my dear Watson, but you do not observe.

November 19, 2010 | Unregistered CommenterRay Newton

Keeping tuned to the message of the thread, here is something to think about, as it sparked the thought in my head when I saw the TV advert this morning while having breakfast.

There is a new toy being promoted on TV in the UK (among others of course) for this Christmas., It is a large globe of the world which one can assemble from curved jigsaw pieces.

When you are attempting to put together a jigsaw puzzle, you first look at the end picture at what you are trying to make all those pieces fit into. You do not look, and study, first each individual piece to try to visualize the end picture. If there was no picture of the end result, and you had never seen the world in globe form before, it could be very hard to see 'One Global World' and complete it.

All these 'events' Wars,traditional battlefield type, and terrorism; cold ones, hot ones, economic traumas like banking failures (Failures? To whom?); currency wars, and you name it are merely pieces that all belong to an ultimate end picture.

Their real value lies in how and where they fit in. Like an equation, they must all fit, and be seen to fit and they are made to fit because that is why they were made (caused).

There is method in seeming (to us) madness.

To try to analyse them out of context to the whole is meaningless and a total waste of time.

The International Financial Elite ,Senior banker Fraternity (many more epithets) acquired our world through debt, their weapon of mass destruction. They are molding our world into one great 'union of states', one portion at a time. It's a big elephant and that is the only way to eat one, it is said.

This does not mean the end of cultures, traditional dress, individual languages, though there will develop (is developing) an international language based on English - I mean, there is even a difference between British and American English. There will remain different religions but with all the extremism removed. But there will be one political, and economic, including financial, system. And one central government supporting regional ones.
This already exists but is not apparent to all as it is kept in the shadows, and acts from there.

The end result is way down the road, and not in our time no matter how young we are. But all is moving (being moved) in that direction. Our only problems are in how we accept and adjust to the changes necessary to bring it to fruition.

I am repeating myslef here, I know, but I will predict with confidence - no more major wars on the way, no collapse of the EU, or China. but eventually Asia will form a union of states, as will America, little by little. Canada and the US are already joined at the hip and their currencies are almost at parity. Also being joined by the Australian dollar.

The Euro and the US dollar will move closer to parity, as that was the original intention.

ONE WORLD, ONE DREAM. Like it, or lump it, we are going to get it.

Events are showing us how this will be done, just like the instructions that come with that Christmas toy/game of assembling a large globe of the world with those intergratable curved pieces.

Ray Newton London UK

November 19, 2010 | Unregistered CommenterRay Newton

Ray, to challenge your impressivee intellectual theories would require divulging little known and even less believed facts (Not Theories) that would put patriots I've not only known but served with feeling betrayed and insecure (and not in an emotional way, but literally in the physical sense of the definition) I can not hold a candle to your financial intellect, What I can do is guarantee there are patriots that will dedicate and if needed sacrifice the ultimate price for the rights given to all men bestowed by our creator. "The tree of liberty must be refreashed from time to time with......You know the rest. I don't invest alot,usually only when I have the reliable intel to at least be somewhat sure of the outcome....When you know human nature bet on humans acting naturally. Humbled by your financial savy, Vincent

November 21, 2010 | Unregistered CommenterVincent

Well, you guys appear to be getting on just fine....

November 21, 2010 | Unregistered CommenterGold Prices

Vincent,

I am sure you have good reason for seeing things as you do.
However, that there are those who are willing to put their life on the line to defend their beliefs and what they feel is a just cause is not evidence to support the justification, and inevitability, of their self sacrifice returning any dividend, to them, or to others.

History is full of supportive examples. I am convinced that all those at this present time whom we label 'terrorists', or 'insurgents' believe fanatically in their cause, and they show us daily how they are prepared to give their lives for it.

During war, we dropped 'dedicated' people behind the lines to assassinate some military figure, for example Heidrich. They were prepared to risk their lives for their cause. It not only resulted in his death, and the 'patriots' death, but the death of many innocents, and the destruction of a whole village.

Some gunman with a political grudge shot the Archduke Ferdinand and his wife in Sarajevo, and ignited the reason, it is claimed, for plunging the world in the most costly in lives of any war in history.

When investing be it time, effort, or money, we should assess risk and/or waste,to return. When the balance is too heavy on the wrong side, then avoid it, unless you have a death wish, not only for yourself. but possibly totally innocent, others.

Please don't anyone jump in here and quote the American Revolution as being the small fighting the big in the name of freedom.

That is one great lump of baloney dished up to all American kids from their influential years.

Before the revolution the average Colonial (mostly from Britain at that time) was as 'free' as he/she has ever been, and far less taxed. America was not occupied enemy territory, and the British soldier kept them free from French or Indian ( tribe in the pay of the French) from giving them problems.

The real reason for the Revolution was nothing to do with 'freedom' for the colonials, it was to permit that nation to be owned and controlled by the International Bankers who control, tax, and own it, today. (the 'freedom' was for 'them') Those colonials, some well meaning political leaders, were merely pawns in their game plan, which was outside colonial's imagination to comprehend – they were most simple, God fearing, farmers

One of my ancestors was in the British army in Colonial America. One night he left his camp and went over to the Colonial camp, not because at that time the British were losing, but because he, like many Brits, and even British political leaders saw the wrong of it all. There was something just not right, it did not gel.

He did not engage in fighting, but was given a free pass to settle and live locally.

He settled down in West Virginia, married a local girl Mary Adams, and continued his trade as a weaver.

Never fight a lost cause. Your enemy is not always that which you see in front, facing you. (That which you believe)You have to discover from where he gets his strength (and directive) and that is often hidden.

Insight, mostly comes from the power of imagination. Everything we have today that has been made by human endevour was first IMAGINED. Real imagination is not fanciful day dreaming, it is the ability to see 'outside the box' in which life has attempted to condition us.

I write here much to remind myself, and question myself, as well as to share with those who seek alternative views from which they can make their own judgements.

Einstein said that 'Imagination is more important than knowledge. Knowledge comes from those who have imagined and found answers, and made them available to others so that their own imaginations, if applied, can bring forth the fruits of further knowledge. It's an on going process, as is cause and effect.

Common sense should tell us this, but that is the irony, there is nothing so less common than sense.

Having said all that, I accept you are fully entitled to hold on to your opinion. I merely present an alternative view.

November 21, 2010 | Unregistered CommenterRay Newton

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