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Sublime Peach





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  posted on 5/29/2009 at 12:08 PM


[Edited on 8/20/2009 by jerryphilbob]

 
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Zen Peach



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  posted on 5/29/2009 at 12:15 PM
jpb, I would hate to think what would happen to your stress level if you took every single idea, notion and discussion point that goes on everyday in DC that literally and freaked out about all of them this hard.

 

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Zen Peach



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  posted on 5/29/2009 at 12:19 PM
quote:
jpb, I would hate to think what would happen to your stress level if you took every single idea, notion and discussion point that goes on everyday in DC that literally and freaked out about all of them this hard.
LOL!!! No doubt! Title of thread 'Coming Soon!!!' Where has it been decided that this will be inacted in the US, jpb. And a little FYI - the Swiss, whose francs you so admire, have had this in effect for about 10 years or so. Care to add your thoughts here?

 

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Zen Peach



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  posted on 5/29/2009 at 12:22 PM
quote:
quote:
jpb, I would hate to think what would happen to your stress level if you took every single idea, notion and discussion point that goes on everyday in DC that literally and freaked out about all of them this hard.
LOL!!! No doubt! Title of thread 'Coming Soon!!!' Where has it been decided that this will be inacted in the US, jpb. And a little FYI - the Swiss, whose francs you so admire, have had this in effect for about 10 years or so. Care to add your thoughts here?


Francly, Deb, I doubt he gives a damn...

 

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Ultimate Peach



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  posted on 5/29/2009 at 12:25 PM
Canada too...Federal Sales Tax was instituted in about 1980 or so. Now known as the Goods and Services Tax or GST,it's currently at 5%. Add the provincial sales tax of 8% in Ontario and we are now at 13% VAT. Gotta pay for that socialized medicine...

 

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Zen Peach



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  posted on 5/29/2009 at 12:28 PM
quote:
quote:
quote:
jpb, I would hate to think what would happen to your stress level if you took every single idea, notion and discussion point that goes on everyday in DC that literally and freaked out about all of them this hard.
LOL!!! No doubt! Title of thread 'Coming Soon!!!' Where has it been decided that this will be inacted in the US, jpb. And a little FYI - the Swiss, whose francs you so admire, have had this in effect for about 10 years or so. Care to add your thoughts here?


Francly, Deb, I doubt he gives a damn...
LOL!!! Well, FiddleDee! I won't think about it now... I'll think about it tomorrow. Tomorrow is another day (another day, another catastrophe/conspiracy... ).

 

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Zen Peach



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  posted on 5/29/2009 at 12:35 PM
quote:
Canada too...Federal Sales Tax was instituted in about 1980 or so. Now known as the Goods and Services Tax or GST,it's currently at 5%. Add the provincial sales tax of 8% in Ontario and we are now at 13% VAT. Gotta pay for that socialized medicine...
Canada, the Swiss (home of the franc ), and most of Europe have something like this in place.

 

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Sublime Peach



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  posted on 5/29/2009 at 01:28 PM
quote:
What about Belize?


Otie, I thought you were leaving this board and never coming back? Your a liar and an attention whore.



Todays stats on inflation:

USD/CAD $1.091
USD/CHF $1.068 (getting closer to being even with the good ole' dollar)
Silver $15.57 + .38 cents
Gold $978.00 + 18.00 dollars
Oil $66.30 + 1.87
Dollar index: 79.5 (5 month low)



Full Swing US Dollar Rout
No Place to Hide for the US Dollar


The markets are ending the week on a very upbeat note after a series of relatively positive economic data reports from around the world. Things got off to a good start in Asia when Japan reported a 56-year high 5.2% increase in factory output in April and South Korea reported a fourth straight month of expanding industrial output. Stock markets rallied on the news, with the Japanese Nikkei index gaining almost 1% and Hong Kong up 0.46%. The Japanese yen has also rallied more than 1.4%, recovering almost all losses from yesterday's sharp decline.

In Europe, Germany reported a 0.5% increase in retail sales in April and Britain surprised the markets with a 1.2% increase in house prices. Eurozone HICP inflation was a benign 0.0% in May. Stock markets traded sharply higher across Europe with the DJ Stoxx 600 Index adding 1% to cap a 4.9% gain for the month. As in Asia, European currencies have rallied strongly against the US dollar as rising investor confidence reverses the USD flight to safety trade. The euro is up almost two cents today and the pound has gained a staggering 235 basis points (2.35 cents) to reach a new six-month high above 1.6150.

Not to be outdone, the commodity currencies are really the top performers today. A six-month high in the CRB index and another jump in oil prices and gold has caused serious buying of the Australian, New Zealand, and the Canadian dollars. The Aussie dollar is up 1.8%, the Kiwi is 2.4% higher, and the Canadian dollar has blown through ninety and ninety-one cents with a 1.7-cent surge to an eight-month high. A report that Canada's current account deficit widened to $9.1 billion in Q1 did nothing to dampen enthusiasm for the Canadian dollar. Today's currency market action is nothing but a good 'ol US dollar shellacking. The US dollar index has cratered to a five-month low of 79.50 as momentum builds behind the dollar rout.

The primary driver of US dollar strength last year was fear of a global economic meltdown, and now that that fear is abating, the US dollar is in serious trouble. Panic-driven dollar buying has morphed into almost-panic-rate dollar selling, and it is now more than unwinding last year's flight to safety play. Sentiment has swung dramatically from wanting the safety of dollars, even at zero return, to being afraid of being caught holding dollars. The markets are genuinely nervous about what lies ahead for the dollar as the global economy recovers and the US has to continue to fund its massive deficits in a world of eventually rising interest rates. The US is the world's biggest debtor and has the most to lose if and when interest rates rise. So far, the Fed has done a miraculous job keeping interest rates at exceptionally low levels, but they can't keep this up forever and, as we discussed yesterday, the bond markets are already under pressure of rising long-term interest rates. We are now at the stage where the US dollar is feeling the pressure of rising interest rate expectations. The longer the Fed keeps flooding the market with dollars to keep short-term interest rates low, the lower the dollar is going to go. The questions soon to be on everyone's mind are: "Do the Fed and the US administration care about the dollar?" and furthermore: "How low are they prepared to let it fall?" I don't think anyone likes the probable answer to those questions at this time.

Commodities Gain as Dollar Falls

As mentioned, commodities prices continue to gain at the US dollar's expense. Oil traded as high as $66.40 this morning, up more than $3 from yesterday. It's interesting to note that, as oil prices increase and the US dollar falls, oil becomes relatively more expensive for US consumers than for consumers elsewhere. The falling dollar cushions rising oil prices outside of the US, since oil is priced and traded in US dollars. And the same is true of many other commodities, like the metals and lumber, all of which are traded in dollars: prices increase relatively more in the US as the dollar falls. Moreover, of course, with the dollar under pressure, gold continues to shine: spot gold is at a three-month high of $975 after trading as high as $978 this morning. Gold has bumped up against the thousand-dollar barrier three times over the past 14 months, and you have to wonder if this isn't the time it finally makes a sustainable move higher. And the money currently pouring in to gold ETFs certainly suggests there is plenty of momentum behind this move.



How the sheep are going to fall. Time to wake-up !!!




 

Zen Peach



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  posted on 5/29/2009 at 01:33 PM
OK, jpb

what about Belize?

 

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Zen Peach



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  posted on 5/29/2009 at 01:37 PM
quote:
Your a liar and an attention whore.
pot/kettle?????

 

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Zen Peach



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  posted on 5/29/2009 at 01:51 PM
quote:
Todays stats on inflation: ......
By the way, jpb, following your usual modus operandi you started this thread with a chicken little type of title regarding one subject, leave when questions arise, then come back and post an article on a totally different topic (and also actually contradict some of what you said in your original post with your subsequent post). You are all over the place here.

[Edited on 5/29/2009 by lolasdeb]

 

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Sublime Peach



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  posted on 5/29/2009 at 02:13 PM
quote:
What will you do when your $50K runs out?


Well, I have a job that pays pretty good, so I have a steady income, I don't need the 50k. I have put my money into foriegn currencies and Silver. They are both making money quite nicely as the dollar tanks. Good thing I sold my depreciating liability and saved my equity, otherwise I would have been screwed and trapped in that home for years to come.

How much money have you lost on your home in Vegas? I hear the property values are half of what they were in 2006? I'll bet you couldn't sell it if you wanted to. That's too bad.

The question is, what are you going to do when the dollar crashes? I am sure you have been smart enough to not have all of your money tied to the ever declining American dollar. Surely you have purchased a hedge against the dollar? So what have you done to protect your wealth? Don't tell me nothing? Surely your smarter than that.


 

Zen Peach



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  posted on 5/29/2009 at 02:19 PM
quote:
Well, I have a job that pays pretty good, so I have a steady income, I don't need the 50k. I have put my money into foriegn currencies and Silver. They are both making money quite nicely as the dollar tanks. Good thing I sold my depreciating liability and saved my equity, otherwise I would have been screwed and trapped in that home for years to come.
Are these foreign currencies in countries like Switzerland that are subject to the VAT taxation that you started this thread to complain about? Because I'm confused as to what your position is on this topic since it seems to shift from one moment to the next (in the case of this thread it would appear to be shifting from one post to the next).



[Edited on 5/29/2009 by lolasdeb]

 

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Sublime Peach



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  posted on 5/29/2009 at 02:40 PM
quote:
Are these foreign currencies in countries like Switzerland that are subject to the VAT taxation that you started this thread to complain about? Because I'm confused as to what your position is on this topic since it seems to shift from one moment to the next (in the case of this thread it would appear to be shifting from one post to the next).


The swiss are not destroying thier currency by mass producing it? The VAT tax that they have does not affect their currency in anyway. They are clearly two different issues. Clearly the Swiss Franc has made me money since I purchased back in January. The dollar is getting slaughtered right now. I could care less if the Swiss have a VAT tax, I don't buy anything there? Duh!


quote:
Now let's look at you. You sold your house. You pay rent. Now let's compare you to your landlord. You pay rent, he uses the rent to pay his mortgage on the house you live in. Let's say we have inflation, let's say, since you like to panic, 25% over the next 5 years. Your landlord will still pay the same mortgage. Your rent will go from, let's say, $1000 to $1250. Now that keeps going up. You can pay the increase, buy a house or live on the street. When all is said and done, your landlord will have his house paid for by his tenants, he will have a house that will be worth something, and you will be paying more and more each month as time goes on.


My rent is fixed. They can't just raise it anytime they want. That is what contracts are for. My landlords home has lost value this year, period. Their asset (becaues it is a rental) is now going in reverse. Their taxes are also going to be raised, which they pay, not me. I am renting at a fixed rate at $1000 less than what I was paying before. I don't own the depreciating asset, my money is working for me in silver and foreign currency, while the dollar loses its value everyday.

I am clearly the winner here, and your arguement is filled with holes? Genius? I would say so. You probably still think your home is an investment and that dollar is really money.

You still didn't answer my question regarding your finances? Have you hedged against the dollar or not? What are you going to do when the dollar crashes? What are you goiing do when the bond market tanks? What's your plan? Do you even have one?




 

Zen Peach



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  posted on 5/29/2009 at 04:28 PM
quote:
The swiss are not destroying thier currency by mass producing it? The VAT tax that they have does not affect their currency in anyway. They are clearly two different issues. Clearly the Swiss Franc has made me money since I purchased back in January. The dollar is getting slaughtered right now. I could care less if the Swiss have a VAT tax, I don't buy anything there? Duh!
Well, duh ... LOL!!! I guess you didn't understand where I was coming from with my comments which is that you have praised both the Swiss and Canadian monetary systems in one post (both of which are part of economies that have VAT taxation) then you criticize them in another post. You begin your thread on one topic, leave, then inexplicably begin posting on another topic (same thread). I am merely attempting to figure out which side of your mouth you are speaking from now, jpb, and what it is you are saying because I do not follow the circle logic (your habit or using question marks all over statements does not make this pretzel logic any easier to follow, btw). I have some suspiscions regarding why you are in a constant state of freak out and why you may have trouble settling on one true position based on some of the financial decisions you've been claiming to make but I won't go into that here and now ... Nancy Pelosi is on her way over to check my toilet. LOL



[Edited on 5/29/2009 by lolasdeb]

 

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Extreme Peach



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  posted on 5/30/2009 at 03:44 PM
jpb, the crap you post is in such contradiction with your screen name; j is rollin in his grave, and p and b don't give a darn, why don't you become a copy boy for Fox news

 

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