billcoe Posted January 13, 2011 Posted January 13, 2011 Kudos to those boys in Beijing! Nancy Pelosi (Does Pat still have wet dreams of her?) can see it from her house! Are you referring to this? Hong Kong Cited as World’s Freest Economy Jan. 13 – The American Heritage Foundation, in a survey conducted in tandem with The Wall Street Journal, has just released the 17th edition of their annual Index of Economic Freedom which measures the degree of freedom in 183 global economies. http://www.china-briefing.com/news/2011/01/13/hong-kong-cited-as-worlds-freest-economy.html WE'RE NUMBER 9! WE'RE NUMBER 9! WE'RE NUMBER 9! WE'RE NUMBER 9! Perhaps it's probably all the natural resources and wise taxation of corporations they have over there...... Quote
prole Posted January 13, 2011 Posted January 13, 2011 Are the M's looking to the east these days for bubble-butt prospects? What exactly is Zurd doing in his office besides playing with that thing with the steel balls that click against each other and his miniature billiard set? Have we found a catcher that with a VORP higher than a side of beef? I'm starting to long for the good ol' days, do you think we could get Bill Bavasi back? Pop Quiz: The M's are slated to play 81 home games this year. How many aren't either Salute to Armed Forces or Dave Niehaus Remembrances or both? Is Milton Bradley healthy again? Physically, I mean. Quote
j_b Posted January 13, 2011 Posted January 13, 2011 Hong Kong: Capital of Domestic Slavery The Heritage Foundation is revolting. Quote
billcoe Posted January 14, 2011 Posted January 14, 2011 Kudos to those boys in Beijing! Is it that they have almost got us encircled by purchasing our bonds and thus made us so far in debt to them? Is that the Kudos? I googled the word you posted and it didn't make sense to me PP. http://cnsnews.com/news/article/pelosi-last-day-speaker-no-regrets-defic "Pelosi: 'We Have No Regrets' About Debt Piled Up Over Last Two Years Tuesday, January 04, 2011 By Nicholas Ballasy Outgoing House Speaker Nancy Pelosi of Calif., left, and outgoing House Majority Leader Steny Hoyer of Md., take part in a news conference on Capitol Hill in Washington, Tuesday, Jan. 4, 2011. (AP Photo/Charles Dharapak) (CNSNews.com) - When asked if she regrets not using the last two years with a Democrat controlled Congress to do more about the national debt, House Speaker Nancy Pelosi said she has “no regrets,” adding that “deficit reduction” has been a “high priority” for the Democratic Congress. Speaker Pelosi was asked, “Do you have regrets that you didn't use the 2 years that you had total Democratic control of government to focus more on jobs and especially the debt which we did not hear much at all from you?” Pelosi, speaking on her last day as Speaker of the House, said, “No, we have no regrets. This House has over and over again sent to the Senate legislation for job creation, which the Republicans in the Senate held up. Deficit reduction has been a high priority for us, it is our mantra; pay as you go. Unfortunately, that will be changed now.” She added, “This administration and this Congress inherited a near Depression. So, the initiatives that we took were positive for the American people. It’s not enough to save people from a Depression though – 9 and a half percent unemployment is intolerable and as long as we have that we have to continue to fight for job creation.” According to official debt figures published by the U.S. Treasury, the Democrat controlled 111th Congress added $3.22 trillion (added $3,220,103,625,307.29) to the national debt – more than the new debt accumulated by the first 100 Congresses combined. The 110th Congress added the second largest amount to the national debt – $1.957 trillion while the 108th ($1.159 trillion in new debt) and 109th ($1.054 trillion in new debt), both controlled by Republicans, come in at third and fourth place among all U.S. Congresses in terms of accumulating debt." Quote
tvashtarkatena Posted January 14, 2011 Posted January 14, 2011 Hey Bill, where do I fall on the issue? Quote
ivan Posted January 14, 2011 Posted January 14, 2011 read a history of 19th century china the other day - holy shit they got the slap around by us barbarian bitches - really left me rooting for the bastards - jesus, if i was chinese i'd have a huge chip on my shoulder...and a small penis in my pants too i reckon. Quote
stevetimetravlr Posted January 14, 2011 Posted January 14, 2011 I think the Chinese are a pretty mellow crew overall compared to us dickheads. But what we REALLY REALLY don't want them to do is force them to start flexcing their muscle. Quote
billcoe Posted January 14, 2011 Posted January 14, 2011 I think the Chinese are a pretty mellow crew overall compared to us dickheads. But what we REALLY REALLY don't want them to do is force them to start flexing their muscle. Are you thinking of the Chinese reversal and them working to corner the silver market about to happen next March or so? For anyone interested, this is a pretty interesting story wherein JP Morgan (unfortunately for all US citizens, one of the major Fed Players) lands in a sand trap without a wedge in the bag. This cartoon is the short version which hits on the highlights, 1 and 2 parts are pretty good as well. [video:youtube] FLEEEEXXXXXXXXX......ouch. Part of the Chinese taking physical delivery on many commodities. This one happens to be more visible than most. Quote
Lucky Larry Posted January 14, 2011 Posted January 14, 2011 paper silver or cash and carry silver Bill Quote
ivan Posted January 14, 2011 Posted January 14, 2011 "You shall not press down upon the brow of labor this crown of thorns, you shall not crucify mankind upon a cross of gold!" Quote
billcoe Posted January 14, 2011 Posted January 14, 2011 paper silver or cash and carry silver Bill They are loading it into real trucks and taking real delivery. The US hasn't issued any silver certificates for years. The Chinese are smarter than to take more paper instead of actual metal. It is said that they are stockpiling all commodities that can be stockpiled. What they use to look like. Note the top of the 2 bills below: Across the top of the $10 silver certificate. Redeemable in Silver. Quote
tvashtarkatena Posted January 14, 2011 Posted January 14, 2011 Fuck Silver. I'm hording Plutonium. Quote
G-spotter Posted January 14, 2011 Posted January 14, 2011 http://en.wikipedia.org/wiki/Synthesis_of_precious_metals Quote
Peter_Puget Posted January 15, 2011 Author Posted January 15, 2011 http://www.princeton.edu/~wxiong/papers/commodity.pdf Quote
Peter_Puget Posted January 15, 2011 Author Posted January 15, 2011 But back on subject - boycott Sony! Quote
ZimZam Posted January 15, 2011 Posted January 15, 2011 http://news.yahoo.com/nphotos/Tianjin-Eco-City-China/ss/events/lf/011411ecocity Quote
billcoe Posted January 15, 2011 Posted January 15, 2011 http://www.princeton.edu/~wxiong/papers/commodity.pdf Their hypothesis (re your link) is that China has not been responsible for driving up all commodities prices all the time for all commodities, just some. They are specifically mentioning soybeans, live hogs etc etc. and concluding that sometimes it does, and sometimes it doesn't. Uhhh, OK. I concur. Moving on, ..I would suggest Peter, that we are talking about slightly different things. I was referring and responding to your title "All Hail China!" http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5160120/A-Copper-Standard-for-the-worlds-currency-system.html http://molyinvestingnews.com/2113-china-stockpiling-moly-for-nuclear-plant-construction.html With industrial demand for actual metal use decreasing in many sectors, it seems to me that that if we see the price is still increasing - it can be attributed primarily to 2 things. Dollar valuation and stockpiling. Moving on to the potentially active topic (via guesswork)I can't imagine that either Sony or China will be able to put the DRM body slam down, if that actually is the an on target oblique reference to the "All Hail China!" in the first post. Maybe the geeks online can advise us on this issue if that is the theme here. I've just been guessing what you are trying to infer. Maybe you can flesh this out for us. Is there 20 questions and do I have 17 more questions before I'm tossed as a loser? Dohh, make it 16 now! Quote
Lucky Larry Posted January 15, 2011 Posted January 15, 2011 It's funny how society places value on things it can't eat, drink, burn or load. Quote
Peter_Puget Posted January 15, 2011 Author Posted January 15, 2011 Bill - I believe that the paper I linked attempts to explain a change in commodity price behavior. The graphs on page 33 show examples of this change. I would read their conclusion on page 29. Commodities have returned as an investment class which offers protection against currency depreciation. A partial and yet possibly significant third factor contributing an overall increase in commodity prices. I think that changes in commodity prices have dwarfed changes in the exchange rates. So to that extent I think you overstate the impact of "Dollar valuation." I am unsure what you mean by "stockpiling." For example your nuclear power link seems to indicate the Chinese have an increasing demand for moly. Certainly there is nothing nefarious about commodity prices rising from increased demand. On the other hand purchasing of commodities simply for speculation is something different. Is there a sustained and general increase in stored commodities? (commodity prices have been increasing overall) In any event price increases fueled only by speculation will be by necessity a short-lived phenomenon. I am no expert just thought I’d post a link I thought interesting and related to your posting as of late. This was inspired by the recent news that the Cinavia DRM protection on PS3 had been circumvented. (http://ca.finance.yahoo.com/news/DVDFab-Provides-the-World-prnews-4199346147.html?x=0) I like to have movies stored on a central server be available throughout the house. (Music too) Nothing to do with piracy and illegal distribution. I think that there is nothing wrong with buying a dvd and storing it on my server for my own use. Clearly Sony feels otherwise. Quote
billcoe Posted January 15, 2011 Posted January 15, 2011 This was inspired by the recent news that the Cinavia DRM protection on PS3 had been circumvented. (http://ca.finance.yahoo.com/news/DVDFab-Provides-the-World-prnews-4199346147.html?x=0) I like to have movies stored on a central server be available throughout the house. (Music too) Nothing to do with piracy and illegal distribution. I think that there is nothing wrong with buying a dvd and storing it on my server for my own use. Clearly Sony feels otherwise. Ahhhh! that's what it was about. Thanks! Quote
Hugh Conway Posted January 15, 2011 Posted January 15, 2011 PeterPuget bitching about the free market? Awesome! Quote
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