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masayako
ParticipantLarry Silversteen (owner of the WTC) himself told the news that WTC7 is pulled by the fire department for safety reason.
Bring down a building for safety reason in a matter of hours during the nation’s biggest crisis??? This thing take weeks to plan and execute. What about liabilities? Even if all these are do’able, why didn’t NIST put that in their report?
BECAUSE they can’t even convince themselves this is a good enough explanation. How could they expect anyone to believe such bull crap?!
Only idiots will believe anything our government feed them.
911 is a 100% inside job. That’s a fact which is easier to tell than the housing bubble. Anyone with half a brain should realize that.
Masayako
December 11, 2006 at 12:29 AM in reply to: What Things Will Disappear During the (Potentially) Upcoming Crash? #41439ParticipantPeople don’t just go to Starbucks to buy a cup of coffee; they buy a lifestyle. To many people, spending $6 dollar (eqv. to an average daily wage for a white collar worker in China) for a personalized cup of drink define who they are. It sends a message:
“Look at me, I am rich (in reality: dumb) enough to buy a customized cup of drink on a daily basis. I am a made man. I can afford that; it’s just pocket change.”
Your monthly deposit of $180 ($6 per day 30 days/mon) for 10 years with an interest rate of 5% compounded monthly with an initial starting balance of $ 6:
Year vs. Dollars
1 2216.5
2 4540.1
3 6982.57
4 9550
5 12248.8
6 15085.66
7 18067.67
8 21202.24
9 24497.18
10 27960.69Starbucks fans, you guys are looking at losing about $27,960 dollars in 10 years. That’s a whole lot of coffee. 🙂 In fact, with this kind of money, you can buy yourself a coffee farm in central Vietnamese where one can grow his/her own coffee business.
Life is all about making the right decisions.
” This is why I’m unsure on the future of Starbucks. I already can’t understand why people buy their $6 drinks (I sometimes buy a regular coffee and add sugar and creme, which totals around $2). But clearly there are a lot of people who disagree with me.”
December 10, 2006 at 6:11 PM in reply to: What Things Will Disappear During the (Potentially) Upcoming Crash? #41431ParticipantWhat Things Will Disappear During the (Potentially) Upcoming Crash?
1. You will see much less BIG SUVs and, in general, cars over $55,000.
2. Small mortgage companies will disappear.
3. Expensive Spa will disappear.
4. American car dealerships (especially Ford)
5. House remodeling business(ie granite countertops, kitchen remodeling, flooring, landscape design etc..)
6. High price restaurants
7. Jerome’s and Mors furnitures (old fashion furniture store)ParticipantTIME is very luxury item we often place very little value on.
FormerOwner, I agree with you totally.Just another “FormerOwner”,
Masayako
ParticipantWell said, rseiser.
ParticipantThat is the exact reason why I move a significant portion of my money away from the US dollar denominated investments.
Participantsurveyor,
I don’t agree fee is a major factor, if at all. It simply cannot explain the sudden jump in price between 1998-2005.
Two factors as I mentioned before:
1. People worry to get price out, that’s why they buy high.
2. Builder realize factor#1, that’s why they sell high.IT IS AS SIMPLE AS THAT, folks, don’t kill your brains for it.
Very simple example, I visit the damn open house myself:
2002, San Marcos – 3334 sqft $565,000
2005, San Marcos – 3334 sqft $778,000Do you think the environmental fee jump by over $200,000 in 3 years? 😉 I don’t think so. Builders want money like everyone else on this planet, so they charge more $$$ for the great demand.
Masayako
ParticipantI personally agree that Gold the Most Undervalued precious metal in the Market right now. For those who want to know more about the facts about the value of gold vs dollars, here are the links. Just facts, no speculations.
Also, read “The Generational Storm – What You Need to Know about America’s Economic Future” by Kotlikoff and Burns.
Currency in Circulation:
http://www.fms.treas.gov/bulletin/b2006-3uscc.docGold at Fort Knox:
http://www.usmint.gov/about_the_mint/fun_facts/index.cfm?action=fun_facts13To quote from the “Generational Storm”(pg 224):
“Today, U.S. interest rates are near historic lows, real return are low to negative, and we are exporting record quantities of dollars. Our trade deficit is running 500 billion annual rate. We have a trade deficit with the European Union that’s running at a 100 billion rate. 150 billion rate with China, 77 billion rate with Japan. All three areas import the bulk of their energy, which is priced in dollars.
In the late 1970s, as petrodollaRs piled up in Saudis Arabia and inflation headed for double-digit rates in the U.S., the Saudis made noises about seeking a more secure currency. Nothing happened because there was no place to go. The euro didn’t exist. The yen was seen as not quite big enough to replace the dollar. China was still communist… Basically, there was no alternative to the dollar. That’s one of the reasons the price of gold soared, peaking at $800 per ounce in 1980. Gold is the currency without a government. Given the dismal history of government aroundthe world, many think this quality makes gold superior to any paper currency. Others simply wish for a government willing to backits paper with something more substantial than… more paper.
Divide the amount of U.S. currency in circulation in 1980 by U.S. gold reserves, and you will find that a gold-backed dollar would require gold to be priced at $800 per ounce.
Do the same math today,and U.S. gold reserve would have to be worth about $4,600 per ounce for us to have gold-backed currency. That’s nearly 12 times the current market price of gold.
Is that the true value of gold? We don’t know. Besides that’s the wrong question. The important question is the reverse: WHAT IS THE TRUE OF THE DOLLAR?”
Masayako
ParticipantNothing they say is new.
Participant“It STILL only costs around 150-170 bucks to mine the stuff…….its hideously overpriced.
A few pounds of that stuff with a healthy slice of XOM stock and you got the makings of a 44 magnum headache……CD’s…4.85%, sleep like a baby”
Your 4.85% CD can’t even beat inflation. Hope you sleep like a baby ‘cos you are in la-la land.
In my humble opinion, Gold is going to reach $700 by Q1 or Q2 in 2007.
ParticipantShort answer: “Because they can.”
People willing to pay for this crazy price, demand and supply.
Participanttucker,
You are simply out of line. I don’t necessarily agree to all PowaySeller’s post, but at least we should respect her opinion. Please don’t attack anyone here. It is inappropriate.
Masayako
ParticipantMy wealthy uncle owns a 1985 civic 4 doors sedan. The car is manual tranny and well maintained. He does not drive daily, only weekends.
He ride public transportation to work in the weekdays.
Well, he is from the far east where driving is not a must.
ParticipantThe following article proves it right. Central banks are selling huge abmount of their gold deposit to keep the gold price in check and keep the dollar up.
http://www.thestreet.com/_yahoo/markets/commodities/10309812_2.html
Quote: “…Elsewhere in precious metals, the European Central Bank provided confirmation that it had indeed been a heavy seller last week, with sales of gold and receivables totaling 499 million euros, or approximately 34 tons. The institution liquidated about 7.5 tons in the previous period….” (Page 2)
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