Wolfisberg SA - Boulangerie Patisserie, Carouge; Champion d'europe de la boulangerie: BARS, CAFÃ?S & LOUNGES: SUISSE: by …

Posted by admin as Gold Bars

Wolfisberg SA - Boulangerie Patisserie: Place du Temple 5, 1227 Carouge, SUISSE Tel: +41-22-3013116 Email: boul.wolfisberg@bluewin.ch La boulangerie Wolfisberg vous propose un excellent choix de pain, pâtisseries, sandwich, quiches et confitures - dégustez en dans le propre Tea-Room. Pendant la période estivale la boulangerie mène un stand de glace.

Duration : 2 min 6 sec

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The Drone: Fool's Gold

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"It's ok to look beyond your world"
ITW & Live with L.A band Fool's Gold
Read more @ http://www.the-drone.com/magazine/fools-gold/

Duration : 5 min 32 sec

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Black Hills Gold Wedding Sets

Posted by admin as Gold Bars

http://www.BlackHillsGoldSource.com A showcase of the latest Black Hills Gold and Silver Wedding jewelry, from Landstroms! http://www.BlackHillsGoldSource.com

Duration : 1 min 51 sec

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Gold Prospecting

Posted by admin as Gold Bar

http://www.california-gold-rush-miner.us
Gold Prospecting trip to an area just north of Yuma Arizona. Many times the trip is half the fun!

For a great selection of natural gold nuggets, visit:
http://www.california-gold-rush-miner.us

Duration : 1 min 51 sec

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Arizona Gold Prospecting

Posted by admin as Gold Bar

http://www.california-gold-rush-miner.us
Arizona gold prospecting just north of Yuma Arizona. Old gold mine and claim markers are shown.

For that someone special, give a real unique gold nugget. W@e have a large selection at:
http://www.california-gold-rush-miner.us

Duration : 1 min 28 sec

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Gold Detecting - Gold Metal Detecting

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http://www.california-gold-rush-miner.us
Gold Detecting - Gold Metal Detecting The basic use of a metal detector in the Arizona gold fields.

The detector is the Whites TDI and it has a 14" Advantage mono coil. This is Whites top of the line gold detector.

To real gold nuggets for sale, visit:
www.california-gold-rush-miner.us

Duration : 3 min 20 sec

[ Click here to read more ]

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Decongesting Nigerian Cities: Stemming Rural-urban Drift in Today’s Nigeria

Posted by admin as Gold Bars

Production, economists aptly put, is creation of utility. Good. Fine. But where are the factors of production in Nigeria mostly found? Simple. In the cities or not very far from the cities! Land, Labour, Capital and Entrepreneurship. Yes! The land for the cities is mostly skimmed from the surrounding areas, eventually creating a megalopolis like Lagos/Ogun states.  This brings dreamers of the good life to Lagos, Port Harcourt, Kaduna, Kano, Benin, Ibadan, Calabar, Uyo, Ilorin, Yola, Jalingo, Sokoto, Abeokuta, Ikeja, Enugu, Makurdi, Umuahia, Owerri, Minna, Oshogbo, and the other state capitals in Nigeria. However, there are other non-state capitals like Warri, Aba, Nnewi, Onitsha, Eket, Ikot-Abasi, Bonny Island, Escravos, Forcados, and many others which are crowd-pulling towns because of the nature of economic activities going on there. Agriculture which used to be the mainstay of the average Nigerian’s economy became abandoned for the glitterati of the cities and industrialised areas, choking them up per square meter.  To compound problems generated by the massively skewed drift of people to the cities, private and public activities continue to be carried out there since it is closest to the one most important business and life-existence cost reducer in Nigeria: Power Supply!  The cities and industrialised areas are the highest in likelihood to have electric power available more of the time than the rural and unindustrialised areas. But the so-called unindustrialised areas are actually, in more than 90 percent of cases, agriculturalised areas. So nowhere in Nigeria is unproductive. Or to put it statistically, Most of Nigeria is productive. Then, why the rush to the cities?  Apart from power, status symbolisation may be an underlying cause of these drifts. A resident in the city, is more likely to be socially upgraded in the rural areas in political/economic matters than a “villager” or “local champion” as it is sometimes coined in Nigeria. People, some of whom have visited their hometowns only once or twice, have won elections into the Nigerian parliament not to talk of being shortlisted for chieftaincy titles in the same hometown they visited just once (to receive the title) in their lifetime! There are many other factors which more or less have to do with the factors of production.  So in they rush. From fishermen to farmers, husbands and housewives and even sometimes grannies! Yes grannies. Healthcare in the rural areas is not the quality you get in the cities. And even in the cities they are very scarce. The former farmers and fishermen first get a motorcycle, in some cases, and begin the “okada” business. Commercial motorcyclists jam-pack every nook and cranny of major areas earlier described in this article creating traffic congestion and more than 70 percent of road accidents in Nigeria. People including the former farmers and fishermen go into the market and buy the scarce foodstuff at high prices, occasioned by their abandonment of the means of creating man’s first need: Food. 

Enough of the causes. Now for the remedies. 

Abuja, Lagos and Port Harcourt have shown commitment to reorganise their environments. Fine. Yes, that is how to start the change. Follow the laid down town plans, remove structures from where they did not belong, excommunicate okadamen or peg their time of operations to 7.00pm, and many more. Good. But the lure of the city or developed areas. How do you wish people away from these places when there are no alternative cash points elsewhere in this vastly beautiful and promising country? Yes there were in the pre-oil money conscious days profitable activities in the rural areas. For instance all railway station towns were known on the map because farmers could load their produces on the trains in their towns to various customers elsewhere in the country or to the ports down south for export. So you have people settling in Kafanchan from closer farming settlements, even though Kaduna the state capital was not too far.

But we need more than breaking down structures defacing cities. We need to put up structures that will make people stay back in the towns and villages and only visit cities for visas, or parties or flights out of the country or within the country as the case may be. People should be able to live in Ise-Ekiti, Obubra, Bida, Isselle Uku, Ubiaja, Abonema, Ozoro, Eha-Amufu, Oyorokoto, Ayakoromo, Gbokolo, Adazi-Ani or Fadan Karshi and be happy!

We need a conglomerate, all-hands-on-deck approach to things here. Everyone must be involved from the government to the drifters themselves. All that glitters is not gold.

It is very rare, come to think of it, for gold to be found in the cities! 

To start with, we must provide adequate and reliable power from any source as long as it is safe and not a potential hazard to people . Government has made tons of statements on this but our vision is either blurred or there is nothing or little going on about it. Until this setback is addressed, even the experts will not be able to charge their phones so as to be able to communicate with each other on where the next meeting will take place! 

Someone made a statement, which was overheard by yours truly during the Census in 2006, about half of Lagosians being either homeless or half-housed! He may be right. It is not a suprise to see people sometimes living off their car booths! People live in Shagamu, Sango Otta, and even Ibadan and work in Lagos Island or Victoria Island. A person traveling on the hellish 280 km road between Benin City and Lagos, sometimes gets to Lagos Island via the Third Mainland Bridge almost the same time as one who is just 40 kilometres away from Sango-Otta! The reason is easy to explain. The traffic jams at over 20 points before one who lives in Sango Otta gets into the Island slows down any meaningful progress on the road. So to save his job and earn his keep, he gets his laundry neatly done, then packs it in one corner of his car and locks it up! A little case of toiletries also finds a place in one corner of the car booth. Off he goes till the weekend when the congestion is heavily reduced and more free-flowing before he returns to his real home to change his laundry for the next trip. While on the Island, some of these Lagosians, hang out in drinking bars and other late night pubs before going to “patch” with a pal or sometimes park near a petrol filling station and roll back the car seat to snore away the night!  Wherever he lies is head, that’s his home!  The average inhabitant of Lagos struggles hard daily to eke out a living. Yes it is same elsewhere in New York, Naples or London some will say. That is not in doubt. But those cities have got facilities to cater for the social welfare and security of the inhabitants. Rogues can more easily be pursued and caught than in the labyrinths of the Lagos megapolis. 

But why are things like that? Good question. It is again simply because what should make people stay back in more hospitable climes in the rural areas have been concentrated in cities. Thus the labour required to grow food in this greenland called Nigeria is now, in most cases languishing away in the Lagos labour market. As noted in the previous article, since the farms have been left fallow in most rural areas, the available produce ferried into the cities in rickety mammy-wagons is not enough to go round. Some of these foodstuffs have lost some of their nutritional content because they have been mass-produced with fertilizers to increase yield.  The status symbol of one who lives in the city is a silent but obvious factor determining the stay-put syndrome of many of the stranded in Lagos. They dare not go back “home” empty-handed! What will they tell the rural dwellers that they went to do in the city? To achieve “success” some resort to various mind-boggling crimes and petty crimes alike, trying to grab the proverbial Golden Fleece. Dreaming Jasons! Check out the number of cars streaming out of Lagos to the north, east and west of Nigeria in the last five days to the Christmas and New Year celebrations and the picture will be clearer for any observer to see. It is one of the longest vehicular chains of any kind anywhere on the face of the Globe. I remember British representative Lynda Chalker visiting Lagos in the mid-90’s and noting that the vehicles she managed to see from the air during a copter flight were more than the total number of vehicles in Great Britain! 

The facilities provided by government for people in the 60’s and 70’s have now become scrambled for, and sometimes trampled upon by the searing crowd of Lagos. It is so addictive that some people prefer to die there rather than return home to face the jests and leers of “villagers”! People drive on pedestrian walkways and ask you to get out of the way if you dare question the driving pattern. Thank God, LASTMA the state traffic management authority is gradually sanitising Lagos of this syndrome. Rooms meant for one or two people are crammed with 5 to 8 inhabitants who sometimes do day and night sleep time swaps. A pharmacy closes at 10pm and from thence it becomes a mini-hang out with music blaring from makeshift sound boxes, local gin aka ogogoro, cigarettes and quick snacks and even mobile phone airtime vending becomes the new pharmacy, dealing in stress-reducing “fun” for the habitual night-crawlers. There noise pollution on the streets as hundreds of bus conductors holler out sometimes with cracked voices and musical crescendo, various destinations in Lagos and its surrounding suburbs. Music blare out of giant home-made speakers placed right there on the walkways by audio and video CD’s vendors, choking up available space and reducing visibility for all manner of traffic. Obalende, CMS, Ikeja, Oshodi, Iyana-Ipaja, Mile 2, Oyingbo many other bus stops are nightmares at daytimes!  It is mostly in Lagos and other big cities in Nigeria that one can find an able-bodied, well-fed beggar, who can see, hear and speak, is not in anyway physically challenged, and is straight-faced about his lazy means of livelihood. They come with all sorts of stories to the “sympathetic” ear. Some are conmen and women (fallout of the status-symbol thing, the fear of failure and urge to “make it”). Many part with substantial amounts trying to help some of these expert story-tellers who throng heavily populated sections of the city including motor parks and make brisk business from the armada of potential sympathisers. Some turn into travel missionaries or motor park prayer merchants who gather at motor parks and pray for passengers embarking on journeys to various parts of Nigeria soliciting for God’s protection for them while asking for “seeds to be sowed for the Lord” in return.

It goes on and on and on.  With Nigeria being the largest producer of cassava on earth and this cash cow being applicable to hundreds of industrial uses, there is no single processing factory of note in the rural areas where this wonder crop is produced. Paint factories that need cassava as part of their production raw material should be moved over to these places to reduce the farmers’ logistics cost to the cities or close to the cities where these factories are located; at the same time offering job or contract opportunities to indigenes of the area. With biofuel as a potentially possible alternative to the global overdependence on petroleum, the rural areas of Nigeria can produce a sizeable chunk of this commodity if industries dedicated to it are sited there. Heavy industries whose activities are choking up cities should be wholly or in part, re-located to the rural areas. These relocations will bring with it, electric power, job opportunities, better roads, and recreational facilities. The telecoms companies have already made communication available in some very remote areas of Nigeria. We have no excuse. This is the time. The time is now.

Henry Omoregie
http://www.articlesbase.com/environment-articles/decongesting-nigerian-cities-stemming-ruralurban-drift-in-todays-nigeria-671003.html

Decongesting Nigerian Cities: Stemming Rural-urban Drift in Today’s Nigeria

Posted by admin as Gold Bars

Production, economists aptly put, is creation of utility. Good. Fine. But where are the factors of production in Nigeria mostly found? Simple. In the cities or not very far from the cities! Land, Labour, Capital and Entrepreneurship. Yes! The land for the cities is mostly skimmed from the surrounding areas, eventually creating a megalopolis like Lagos/Ogun states.  This brings dreamers of the good life to Lagos, Port Harcourt, Kaduna, Kano, Benin, Ibadan, Calabar, Uyo, Ilorin, Yola, Jalingo, Sokoto, Abeokuta, Ikeja, Enugu, Makurdi, Umuahia, Owerri, Minna, Oshogbo, and the other state capitals in Nigeria. However, there are other non-state capitals like Warri, Aba, Nnewi, Onitsha, Eket, Ikot-Abasi, Bonny Island, Escravos, Forcados, and many others which are crowd-pulling towns because of the nature of economic activities going on there. Agriculture which used to be the mainstay of the average Nigerian’s economy became abandoned for the glitterati of the cities and industrialised areas, choking them up per square meter.  To compound problems generated by the massively skewed drift of people to the cities, private and public activities continue to be carried out there since it is closest to the one most important business and life-existence cost reducer in Nigeria: Power Supply!  The cities and industrialised areas are the highest in likelihood to have electric power available more of the time than the rural and unindustrialised areas. But the so-called unindustrialised areas are actually, in more than 90 percent of cases, agriculturalised areas. So nowhere in Nigeria is unproductive. Or to put it statistically, Most of Nigeria is productive. Then, why the rush to the cities?  Apart from power, status symbolisation may be an underlying cause of these drifts. A resident in the city, is more likely to be socially upgraded in the rural areas in political/economic matters than a “villager” or “local champion” as it is sometimes coined in Nigeria. People, some of whom have visited their hometowns only once or twice, have won elections into the Nigerian parliament not to talk of being shortlisted for chieftaincy titles in the same hometown they visited just once (to receive the title) in their lifetime! There are many other factors which more or less have to do with the factors of production.  So in they rush. From fishermen to farmers, husbands and housewives and even sometimes grannies! Yes grannies. Healthcare in the rural areas is not the quality you get in the cities. And even in the cities they are very scarce. The former farmers and fishermen first get a motorcycle, in some cases, and begin the “okada” business. Commercial motorcyclists jam-pack every nook and cranny of major areas earlier described in this article creating traffic congestion and more than 70 percent of road accidents in Nigeria. People including the former farmers and fishermen go into the market and buy the scarce foodstuff at high prices, occasioned by their abandonment of the means of creating man’s first need: Food. 

Enough of the causes. Now for the remedies. 

Abuja, Lagos and Port Harcourt have shown commitment to reorganise their environments. Fine. Yes, that is how to start the change. Follow the laid down town plans, remove structures from where they did not belong, excommunicate okadamen or peg their time of operations to 7.00pm, and many more. Good. But the lure of the city or developed areas. How do you wish people away from these places when there are no alternative cash points elsewhere in this vastly beautiful and promising country? Yes there were in the pre-oil money conscious days profitable activities in the rural areas. For instance all railway station towns were known on the map because farmers could load their produces on the trains in their towns to various customers elsewhere in the country or to the ports down south for export. So you have people settling in Kafanchan from closer farming settlements, even though Kaduna the state capital was not too far.

But we need more than breaking down structures defacing cities. We need to put up structures that will make people stay back in the towns and villages and only visit cities for visas, or parties or flights out of the country or within the country as the case may be. People should be able to live in Ise-Ekiti, Obubra, Bida, Isselle Uku, Ubiaja, Abonema, Ozoro, Eha-Amufu, Oyorokoto, Ayakoromo, Gbokolo, Adazi-Ani or Fadan Karshi and be happy!

We need a conglomerate, all-hands-on-deck approach to things here. Everyone must be involved from the government to the drifters themselves. All that glitters is not gold.

It is very rare, come to think of it, for gold to be found in the cities! 

To start with, we must provide adequate and reliable power from any source as long as it is safe and not a potential hazard to people . Government has made tons of statements on this but our vision is either blurred or there is nothing or little going on about it. Until this setback is addressed, even the experts will not be able to charge their phones so as to be able to communicate with each other on where the next meeting will take place! 

Someone made a statement, which was overheard by yours truly during the Census in 2006, about half of Lagosians being either homeless or half-housed! He may be right. It is not a suprise to see people sometimes living off their car booths! People live in Shagamu, Sango Otta, and even Ibadan and work in Lagos Island or Victoria Island. A person traveling on the hellish 280 km road between Benin City and Lagos, sometimes gets to Lagos Island via the Third Mainland Bridge almost the same time as one who is just 40 kilometres away from Sango-Otta! The reason is easy to explain. The traffic jams at over 20 points before one who lives in Sango Otta gets into the Island slows down any meaningful progress on the road. So to save his job and earn his keep, he gets his laundry neatly done, then packs it in one corner of his car and locks it up! A little case of toiletries also finds a place in one corner of the car booth. Off he goes till the weekend when the congestion is heavily reduced and more free-flowing before he returns to his real home to change his laundry for the next trip. While on the Island, some of these Lagosians, hang out in drinking bars and other late night pubs before going to “patch” with a pal or sometimes park near a petrol filling station and roll back the car seat to snore away the night!  Wherever he lies is head, that’s his home!  The average inhabitant of Lagos struggles hard daily to eke out a living. Yes it is same elsewhere in New York, Naples or London some will say. That is not in doubt. But those cities have got facilities to cater for the social welfare and security of the inhabitants. Rogues can more easily be pursued and caught than in the labyrinths of the Lagos megapolis. 

But why are things like that? Good question. It is again simply because what should make people stay back in more hospitable climes in the rural areas have been concentrated in cities. Thus the labour required to grow food in this greenland called Nigeria is now, in most cases languishing away in the Lagos labour market. As noted in the previous article, since the farms have been left fallow in most rural areas, the available produce ferried into the cities in rickety mammy-wagons is not enough to go round. Some of these foodstuffs have lost some of their nutritional content because they have been mass-produced with fertilizers to increase yield.  The status symbol of one who lives in the city is a silent but obvious factor determining the stay-put syndrome of many of the stranded in Lagos. They dare not go back “home” empty-handed! What will they tell the rural dwellers that they went to do in the city? To achieve “success” some resort to various mind-boggling crimes and petty crimes alike, trying to grab the proverbial Golden Fleece. Dreaming Jasons! Check out the number of cars streaming out of Lagos to the north, east and west of Nigeria in the last five days to the Christmas and New Year celebrations and the picture will be clearer for any observer to see. It is one of the longest vehicular chains of any kind anywhere on the face of the Globe. I remember British representative Lynda Chalker visiting Lagos in the mid-90’s and noting that the vehicles she managed to see from the air during a copter flight were more than the total number of vehicles in Great Britain! 

The facilities provided by government for people in the 60’s and 70’s have now become scrambled for, and sometimes trampled upon by the searing crowd of Lagos. It is so addictive that some people prefer to die there rather than return home to face the jests and leers of “villagers”! People drive on pedestrian walkways and ask you to get out of the way if you dare question the driving pattern. Thank God, LASTMA the state traffic management authority is gradually sanitising Lagos of this syndrome. Rooms meant for one or two people are crammed with 5 to 8 inhabitants who sometimes do day and night sleep time swaps. A pharmacy closes at 10pm and from thence it becomes a mini-hang out with music blaring from makeshift sound boxes, local gin aka ogogoro, cigarettes and quick snacks and even mobile phone airtime vending becomes the new pharmacy, dealing in stress-reducing “fun” for the habitual night-crawlers. There noise pollution on the streets as hundreds of bus conductors holler out sometimes with cracked voices and musical crescendo, various destinations in Lagos and its surrounding suburbs. Music blare out of giant home-made speakers placed right there on the walkways by audio and video CD’s vendors, choking up available space and reducing visibility for all manner of traffic. Obalende, CMS, Ikeja, Oshodi, Iyana-Ipaja, Mile 2, Oyingbo many other bus stops are nightmares at daytimes!  It is mostly in Lagos and other big cities in Nigeria that one can find an able-bodied, well-fed beggar, who can see, hear and speak, is not in anyway physically challenged, and is straight-faced about his lazy means of livelihood. They come with all sorts of stories to the “sympathetic” ear. Some are conmen and women (fallout of the status-symbol thing, the fear of failure and urge to “make it”). Many part with substantial amounts trying to help some of these expert story-tellers who throng heavily populated sections of the city including motor parks and make brisk business from the armada of potential sympathisers. Some turn into travel missionaries or motor park prayer merchants who gather at motor parks and pray for passengers embarking on journeys to various parts of Nigeria soliciting for God’s protection for them while asking for “seeds to be sowed for the Lord” in return.

It goes on and on and on.  With Nigeria being the largest producer of cassava on earth and this cash cow being applicable to hundreds of industrial uses, there is no single processing factory of note in the rural areas where this wonder crop is produced. Paint factories that need cassava as part of their production raw material should be moved over to these places to reduce the farmers’ logistics cost to the cities or close to the cities where these factories are located; at the same time offering job or contract opportunities to indigenes of the area. With biofuel as a potentially possible alternative to the global overdependence on petroleum, the rural areas of Nigeria can produce a sizeable chunk of this commodity if industries dedicated to it are sited there. Heavy industries whose activities are choking up cities should be wholly or in part, re-located to the rural areas. These relocations will bring with it, electric power, job opportunities, better roads, and recreational facilities. The telecoms companies have already made communication available in some very remote areas of Nigeria. We have no excuse. This is the time. The time is now.

Henry Omoregie
http://www.articlesbase.com/environment-articles/decongesting-nigerian-cities-stemming-ruralurban-drift-in-todays-nigeria-671003.html

Silver Best Bet for the Little Guy, it Could Make You Rich!

Posted by admin as Gold Bars

By Michael Webster: Syndicated Investigative Reporter.  Jan 5, 2009 at 4:30 PM PST.

Opinion:

I’ve been advocating for years that in my humble opinion the average person like me should buy silver, real silver not paper or certificates but rather coins, bars, bullion and even silver jewelry. I’m not a financial adviser, financial consultant or in anyway benefit from sharing with my readers what I do and it’s up to them what they do. Also I believe to further protect yourself if you do buy silver take physical possession and hung on and buckle up as the silver ride soon starts to unfold upward.

Silver is the poor mans gold, as of this writing silver spot is around $11.00 dollars per OZ. That still means a relatively small amount of money will buy a lot of silver.

In my opinion investing in silver is the best hedge and defense against all future economic forecasts including a predicted devaluing U.S. dollar, recession, depression, inflation, deflation and hyperinflation.

Let us look at what others are saying about the economy, investing and the future.

Clive Maund is an English technical analyst, holding a diploma from the Society of Technical Analysts, at Cambridge University, Cambridge England. Maund warns, “Watching investors fleeing into the perceived safety of US Treasuries is akin to watching people board the Titanic in the movie – you know that they are doomed.

This is because the United States is totally bankrupt – more than bankrupt in fact, since its debts are physically impossible to repay in any circumstances and what we are witnessing now is the cowards way out – the creation of money in whatever quantity is necessary to prevent total gridlock…..This has one inevitable outcome – hyperinflation, which, incidentally, can take hold even in conditions of deepening recession/depression.”

Investment manager Puru Saxena expresses his view this way. “It is worth remembering that our world’s financial system has been hijacked by money-printers. Whether it is the Federal Reserve, Bank of England or the European Central Bank – they are all creating money ‘out of thin air’ and inflating the supply of paper currencies…..Whilst paper currencies (cash) regained some purchasing power in the past few months due to forced liquidation in the asset markets, there is no chance that they will maintain their value over the medium to long-term. History is littered with numerous paper currencies which became totally worthless and I suspect many of the current ones will also disappear.”

Even the largest financial entities are suspect. Analyst James Quinn writes, “Hank Paulson has dished out $180 billion to the largest 30 banks in the country in an effort to keep them solvent. It has now become quite clear that the largest banks in the country, with the ‘smartest’ MBAs, took excessive risk, created and then bought their own toxic derivatives, and lied to the public and their shareholders about their true financial position.”

The money managers, the talking heads on financial TV, and the perma-bulls have been proven wrong. It’s time to start listening to the people who have been right.  They have all warned about the dangers of runaway money and credit expansion. Most people are still underestimating the extent of this crisis. They are hoping the stock market will recover and everything will go back up again as it has done before. What will happen is unknown, but it’s dangerous to base your beliefs on the things you want to have happen. If you only want to listen to Wall Street types who constantly express optimism, you can lose even more.

Dr. Krassimir Petrov, writes, “Unfortunately, the depth and length of the crisis are currently being discounted. At the moment, the crisis is in its initial phases.”

Analyst Christopher Laird would agree. He writes, “The U.S. accumulates $9 trillion of national debt in 240 years, and in a mere year and a half, adds another $8 trillion? And for what? The credit markets are still frozen solid.” He continues, “Over $1000 trillion of leveraged markets are unwinding, and if you add up all the central bank efforts to loosen credit markets and do bank bailouts, it adds up to roughly 15 to 20 $ trillion. Well, $20 trillion is not near enough to stop $1000 trillion of markets deleveraging. So, the efforts are doomed to fail.”

James Quinn conveys this worrisome message. “There are $50 trillion of credit default swaps still outstanding. The hundreds of billions in taxpayer funds that have been poured into AIG have been used to pay out CDSs [credit default swaps].

According to the brilliant bank analyst, Chris Whalen, at least $15 trillion of these CDSs will need to be paid out. All the Central Banks in the world cannot create that much paper out of thin air.”

Quinn continued, “Colossal amounts of credit card debt and auto loans will be defaulting in 2009. Consumers currently owe $2.6 trillion of consumer debt, up from $2.1 trillion in 2004, or a 24% increase….With 3 million more job losses in 2009, the credit card losses will be much greater than $100 billion. JP Morgan, Bank of America, and Citigroup will sidle up to the taxpayer trough again due to these unforeseen losses. Nationwide, an estimated $575 billion in new and used auto loans are written every year by auto manufacturers, banks, credit unions and other lenders…..With the average length of auto loans exceeding 5 years and the tremendous downturn, there are millions of consumers underwater with their car loans…..It is quite clear that consumers are collapsing. The toxic combination of reduced spending and mass layoffs will bring down the last remaining pillar of the economy, commercial real estate…..After the coming horrific holiday sales, weak heavily indebted retailers will be filing for bankruptcy en mass. Mall owners that had expanded hastily with generous amounts of debt in the last few years will see rents dry up and their debt payments will choke them to death…..Office occupancy will decline and rental income will tank.”

What’s an investor to do? How do you protect yourself? After the Treasury gave Citigroup $300 billion, one of the bank’s financial analysts wrote these words. “Gold is poised for a dramatic surge and could blast through $2,000 an ounce by the end of 2009 as central banks flood the world’s monetary system with liquidity.” Although silver isn’t mentioned, it should be clear that the reasons for a rise in gold will also boost silver, probably even more so.

According to silver analyst Ted Butler “This decline in base metals and silver byproduct output, as well as the deteriorating world economic conditions have afforded you the opportunity to take advantage of a truly exceptional situation. The circumstances have converged to make silver a better buy than ever before, thanks to the sharp sell-off since summer. Its one thing to say silver is a better buy than ever before, and another to back that statement up. Here’s the backup - It’s in tighter supply than ever and that supply threatens to get tighter. It’s the cheapest it has been in years. World economic conditions favor it more than ever. It has more one-way converts and strong long-term holders daily. The manipulation is closer to ending than ever before. The only thing you must avoid is waiting too long to buy it.”

Editors note:

Michael Webster’s Syndicated Investigative Reports are read worldwide, in 100 or more U.S. outlets and in at least 136 countries and territories. He has published articles for MaximsNews, which is associated with MediaChannel.org and Globalvision News Network, global news and media information services with more than 350 news affiliates in 135 countries. Many of Mr. Webster’s articles are printed in six working languages: English, French, Arabic, Chinese, Russian and Spanish. With ten more languages planed in the near future.

Mr. Webster is America’s leading authority on Venture Capital/Equity Funding. A trustee on some of the nations largest trade Union funds. A noted Author, Lecturer, Educator, Emergency Manager, Counter-Terrorist, War on Drugs and War on Terrorist Specialist, Business Consultant, Newspaper Publisher. Radio News caster. Labor Law generalist, Teamster Union Business Agent, General Organizer, Union Rank and File Member Grievances Representative, NLRB Union Representative, Union Contract Negotiator, Workers Compensation Appeals Board Hearing Representative. Mr. Webster publishes the on-line newspaper the Laguna Journal and does investigative reports for print, electronic and on-line News Agencies.

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Tipsey's Sports Bar & Grill in Indianapolis

Posted by admin as Gold Bar

Two Bars in One, In the front we have a great casual sports pub look and feel with pub dinning like no where else in Indianapolis. We offer authentic Cajun, Italian, American, Slow Roasted Prime Rib and many great meal deals.

Duration : 2 min 6 sec

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