Folks, check this out!
http://www.usagold.com/goldtrail/archives/another1.html
ANOTHER ( THOUGHTS! ) ID#60253:
All: I ask you, why did the world go off the gold standard in the early 70s? You have an answer, yes? For all the problems this created, could the countries not just revalue gold upward, to say $300 ( back then ) ? What was the real reason the world entered a period of "freely traded" "managed gold"? "
This question has more impact on the gold market of today than it did then! In days past, it was held as good knowledge that the US stopped gold backing to protect the dollar and keep gold from leaving to other shores.
But, in the same time frame, all central banks did sell gold to all persons, even the US. All treasuries held gold and dollars as reserves. To what end did the world financial system gain with the dollar off gold backing, and then allowed to "dirty float" against all currencies? Would the world not have been better off to find gold revalued to, say $300 and then begin a "dirty float"? Noone would have lost, and the inflation would have , at best, not have been worse!
Truly, I tell the reason for this action. The US oil companies knew that the cheap reserves were found. The governments knew this also. The only low cost oil reserves in the world at this time were in the Middle East, and their cost to find and produce was very low. It was known, that, in time, ALL oil would come from this land. As much higher US dollar prices were needed to allow exploration and production of other reserves, worldwide. But, how to get crude prices, up, when the Gulf States were OK to pump and produce in exchange for "gold backed dollars"? I will not name the gentlemen that brought this thinking to the surface in that era, but it was discussed. It was known that oil liked gold. It was known that "local oil" would be used up without higher prices. What if, the US dollar was taken off the gold standard, and gold was managed "upward" to say, $208 per ounce? The dynamics of the market would force oil to rise and allow for much needed capital to search for the higher priced oil that was known to exist! The producers would find shelter in gold even as the price of oil was increased in terms of a now "non gold dollar"! Price inflation would rise, but gold and oil would also increase. The dollar would continue to be used as the only payment for oil, and in doing so replace gold as the backing for this "reserve currency". All would be fair.
The war in 1973 and the Iran problem did make markets "overshoot", but all did work to the correct end. The result was "a needed higher price for a commodity that was, as reserves, in much over supply by the wrong countries"! It was known that the public would never have accepted this "proposition" as fair. To this end, we have come.
When you attend an event like this weekend’s BlogCon, hosted by Freedom Works, you get to meet people from all around the country. As you trade stories from your local and state communities, it’s fascinating to find out details on issues that get only passing mention in national politics. Races, redistricting, policies, and more that will be decided this year on election day. For me, one thing that caught my attention was Proposition 23 in California.
California is in crisis. It’s in more than one crisis, actually. Just search the blogs for the words California and crisis and a wealth of woes are on display. There are over 2.2. million unemployed statewide, they’re over $20 billion in debt, and have a foreclosure rate that leads the country.
With California in depression, the ridiculous “global warming plan” of AB 32 has got to go. It’s a job-killing, energy price inflating burden. That’s why Prop 23 is so important, and why Carly Fiorina supports it: It would suspend AB 32.
The so-called climate change law will drive California’s energy markets back to 2001. Rolling blackouts and Enron anyone? I doubt anyone is nostalgic. A cap and trade carbon trading ponzi scheme is exactly what Californians don’t need.
Prop 23 can’t end California’s litany of woes. But it is one more thing that voters there can do on November 2nd to, at least, put disaster on hold. Voting for Republicans at the state and national level is another.
If there was one takeaway from being at events like RightOnline and Blogcon in the last few weeks, it is that online activism gives us a unique way to look at the national picture, to see the implications of state decisions on a national scale. There is so much about our nation being decided this fall. And the date is approaching faster than you think. From Delaware to Ohio to California, we are voting on candidates and issues. And some, as in the case of California, will have national implications. I hope our California readers remember this and vote yes on Prop 23 this November. To put Californians back to work, to prevent soaring energy costs statewide, and to show the nation that, even in California, green dreams shouldn’t trump the American dream.
eric seiger dermatology
Worldchanging: Bright Green: Good <b>News</b> x2 for U.S. Offshore Wind
Good News x2 for U.S. Offshore Wind. Yale Environment 360, 13 Oct 10. U.S. Offshore Wind Could Provide 20 Percent of Electricity by 2030. U.S. officials calculate that the total potential for offshore wind generation is more than 4000 ...
email this story - ArtsJournal: Daily Arts <b>News</b>
Expand regional "public media" news operations to 100 reporters and editors per market in four to six markets -- and soon. That's "public radio" grown into "public media", meaning that these news operations would be digital-first, ...
Arrowheadlines: Chiefs <b>News</b> 10/14 - Arrowhead Pride
Good morning, AP! The theme continues today with respect for everything Chiefs (except anything remotely associated with the passing game). Oh, and Pollard seems miffed. Here's your Kansas City Chiefs news. Enjoy.
Dr. eric seiger
Folks, check this out!
http://www.usagold.com/goldtrail/archives/another1.html
ANOTHER ( THOUGHTS! ) ID#60253:
All: I ask you, why did the world go off the gold standard in the early 70s? You have an answer, yes? For all the problems this created, could the countries not just revalue gold upward, to say $300 ( back then ) ? What was the real reason the world entered a period of "freely traded" "managed gold"? "
This question has more impact on the gold market of today than it did then! In days past, it was held as good knowledge that the US stopped gold backing to protect the dollar and keep gold from leaving to other shores.
But, in the same time frame, all central banks did sell gold to all persons, even the US. All treasuries held gold and dollars as reserves. To what end did the world financial system gain with the dollar off gold backing, and then allowed to "dirty float" against all currencies? Would the world not have been better off to find gold revalued to, say $300 and then begin a "dirty float"? Noone would have lost, and the inflation would have , at best, not have been worse!
Truly, I tell the reason for this action. The US oil companies knew that the cheap reserves were found. The governments knew this also. The only low cost oil reserves in the world at this time were in the Middle East, and their cost to find and produce was very low. It was known, that, in time, ALL oil would come from this land. As much higher US dollar prices were needed to allow exploration and production of other reserves, worldwide. But, how to get crude prices, up, when the Gulf States were OK to pump and produce in exchange for "gold backed dollars"? I will not name the gentlemen that brought this thinking to the surface in that era, but it was discussed. It was known that oil liked gold. It was known that "local oil" would be used up without higher prices. What if, the US dollar was taken off the gold standard, and gold was managed "upward" to say, $208 per ounce? The dynamics of the market would force oil to rise and allow for much needed capital to search for the higher priced oil that was known to exist! The producers would find shelter in gold even as the price of oil was increased in terms of a now "non gold dollar"! Price inflation would rise, but gold and oil would also increase. The dollar would continue to be used as the only payment for oil, and in doing so replace gold as the backing for this "reserve currency". All would be fair.
The war in 1973 and the Iran problem did make markets "overshoot", but all did work to the correct end. The result was "a needed higher price for a commodity that was, as reserves, in much over supply by the wrong countries"! It was known that the public would never have accepted this "proposition" as fair. To this end, we have come.
When you attend an event like this weekend’s BlogCon, hosted by Freedom Works, you get to meet people from all around the country. As you trade stories from your local and state communities, it’s fascinating to find out details on issues that get only passing mention in national politics. Races, redistricting, policies, and more that will be decided this year on election day. For me, one thing that caught my attention was Proposition 23 in California.
California is in crisis. It’s in more than one crisis, actually. Just search the blogs for the words California and crisis and a wealth of woes are on display. There are over 2.2. million unemployed statewide, they’re over $20 billion in debt, and have a foreclosure rate that leads the country.
With California in depression, the ridiculous “global warming plan” of AB 32 has got to go. It’s a job-killing, energy price inflating burden. That’s why Prop 23 is so important, and why Carly Fiorina supports it: It would suspend AB 32.
The so-called climate change law will drive California’s energy markets back to 2001. Rolling blackouts and Enron anyone? I doubt anyone is nostalgic. A cap and trade carbon trading ponzi scheme is exactly what Californians don’t need.
Prop 23 can’t end California’s litany of woes. But it is one more thing that voters there can do on November 2nd to, at least, put disaster on hold. Voting for Republicans at the state and national level is another.
If there was one takeaway from being at events like RightOnline and Blogcon in the last few weeks, it is that online activism gives us a unique way to look at the national picture, to see the implications of state decisions on a national scale. There is so much about our nation being decided this fall. And the date is approaching faster than you think. From Delaware to Ohio to California, we are voting on candidates and issues. And some, as in the case of California, will have national implications. I hope our California readers remember this and vote yes on Prop 23 this November. To put Californians back to work, to prevent soaring energy costs statewide, and to show the nation that, even in California, green dreams shouldn’t trump the American dream.
eric seiger dermatologist
Worldchanging: Bright Green: Good <b>News</b> x2 for U.S. Offshore Wind
Good News x2 for U.S. Offshore Wind. Yale Environment 360, 13 Oct 10. U.S. Offshore Wind Could Provide 20 Percent of Electricity by 2030. U.S. officials calculate that the total potential for offshore wind generation is more than 4000 ...
email this story - ArtsJournal: Daily Arts <b>News</b>
Expand regional "public media" news operations to 100 reporters and editors per market in four to six markets -- and soon. That's "public radio" grown into "public media", meaning that these news operations would be digital-first, ...
Arrowheadlines: Chiefs <b>News</b> 10/14 - Arrowhead Pride
Good morning, AP! The theme continues today with respect for everything Chiefs (except anything remotely associated with the passing game). Oh, and Pollard seems miffed. Here's your Kansas City Chiefs news. Enjoy.
eric seiger
eric seiger dermatology
Dr. eric seiger
Worldchanging: Bright Green: Good <b>News</b> x2 for U.S. Offshore Wind
Good News x2 for U.S. Offshore Wind. Yale Environment 360, 13 Oct 10. U.S. Offshore Wind Could Provide 20 Percent of Electricity by 2030. U.S. officials calculate that the total potential for offshore wind generation is more than 4000 ...
email this story - ArtsJournal: Daily Arts <b>News</b>
Expand regional "public media" news operations to 100 reporters and editors per market in four to six markets -- and soon. That's "public radio" grown into "public media", meaning that these news operations would be digital-first, ...
Arrowheadlines: Chiefs <b>News</b> 10/14 - Arrowhead Pride
Good morning, AP! The theme continues today with respect for everything Chiefs (except anything remotely associated with the passing game). Oh, and Pollard seems miffed. Here's your Kansas City Chiefs news. Enjoy.
Dr. eric seiger
Folks, check this out!
http://www.usagold.com/goldtrail/archives/another1.html
ANOTHER ( THOUGHTS! ) ID#60253:
All: I ask you, why did the world go off the gold standard in the early 70s? You have an answer, yes? For all the problems this created, could the countries not just revalue gold upward, to say $300 ( back then ) ? What was the real reason the world entered a period of "freely traded" "managed gold"? "
This question has more impact on the gold market of today than it did then! In days past, it was held as good knowledge that the US stopped gold backing to protect the dollar and keep gold from leaving to other shores.
But, in the same time frame, all central banks did sell gold to all persons, even the US. All treasuries held gold and dollars as reserves. To what end did the world financial system gain with the dollar off gold backing, and then allowed to "dirty float" against all currencies? Would the world not have been better off to find gold revalued to, say $300 and then begin a "dirty float"? Noone would have lost, and the inflation would have , at best, not have been worse!
Truly, I tell the reason for this action. The US oil companies knew that the cheap reserves were found. The governments knew this also. The only low cost oil reserves in the world at this time were in the Middle East, and their cost to find and produce was very low. It was known, that, in time, ALL oil would come from this land. As much higher US dollar prices were needed to allow exploration and production of other reserves, worldwide. But, how to get crude prices, up, when the Gulf States were OK to pump and produce in exchange for "gold backed dollars"? I will not name the gentlemen that brought this thinking to the surface in that era, but it was discussed. It was known that oil liked gold. It was known that "local oil" would be used up without higher prices. What if, the US dollar was taken off the gold standard, and gold was managed "upward" to say, $208 per ounce? The dynamics of the market would force oil to rise and allow for much needed capital to search for the higher priced oil that was known to exist! The producers would find shelter in gold even as the price of oil was increased in terms of a now "non gold dollar"! Price inflation would rise, but gold and oil would also increase. The dollar would continue to be used as the only payment for oil, and in doing so replace gold as the backing for this "reserve currency". All would be fair.
The war in 1973 and the Iran problem did make markets "overshoot", but all did work to the correct end. The result was "a needed higher price for a commodity that was, as reserves, in much over supply by the wrong countries"! It was known that the public would never have accepted this "proposition" as fair. To this end, we have come.
When you attend an event like this weekend’s BlogCon, hosted by Freedom Works, you get to meet people from all around the country. As you trade stories from your local and state communities, it’s fascinating to find out details on issues that get only passing mention in national politics. Races, redistricting, policies, and more that will be decided this year on election day. For me, one thing that caught my attention was Proposition 23 in California.
California is in crisis. It’s in more than one crisis, actually. Just search the blogs for the words California and crisis and a wealth of woes are on display. There are over 2.2. million unemployed statewide, they’re over $20 billion in debt, and have a foreclosure rate that leads the country.
With California in depression, the ridiculous “global warming plan” of AB 32 has got to go. It’s a job-killing, energy price inflating burden. That’s why Prop 23 is so important, and why Carly Fiorina supports it: It would suspend AB 32.
The so-called climate change law will drive California’s energy markets back to 2001. Rolling blackouts and Enron anyone? I doubt anyone is nostalgic. A cap and trade carbon trading ponzi scheme is exactly what Californians don’t need.
Prop 23 can’t end California’s litany of woes. But it is one more thing that voters there can do on November 2nd to, at least, put disaster on hold. Voting for Republicans at the state and national level is another.
If there was one takeaway from being at events like RightOnline and Blogcon in the last few weeks, it is that online activism gives us a unique way to look at the national picture, to see the implications of state decisions on a national scale. There is so much about our nation being decided this fall. And the date is approaching faster than you think. From Delaware to Ohio to California, we are voting on candidates and issues. And some, as in the case of California, will have national implications. I hope our California readers remember this and vote yes on Prop 23 this November. To put Californians back to work, to prevent soaring energy costs statewide, and to show the nation that, even in California, green dreams shouldn’t trump the American dream.
skin
and vein center
eric seiger
Worldchanging: Bright Green: Good <b>News</b> x2 for U.S. Offshore Wind
Good News x2 for U.S. Offshore Wind. Yale Environment 360, 13 Oct 10. U.S. Offshore Wind Could Provide 20 Percent of Electricity by 2030. U.S. officials calculate that the total potential for offshore wind generation is more than 4000 ...
email this story - ArtsJournal: Daily Arts <b>News</b>
Expand regional "public media" news operations to 100 reporters and editors per market in four to six markets -- and soon. That's "public radio" grown into "public media", meaning that these news operations would be digital-first, ...
Arrowheadlines: Chiefs <b>News</b> 10/14 - Arrowhead Pride
Good morning, AP! The theme continues today with respect for everything Chiefs (except anything remotely associated with the passing game). Oh, and Pollard seems miffed. Here's your Kansas City Chiefs news. Enjoy.
eric seiger do
skin
and vein center
Worldchanging: Bright Green: Good <b>News</b> x2 for U.S. Offshore Wind
Good News x2 for U.S. Offshore Wind. Yale Environment 360, 13 Oct 10. U.S. Offshore Wind Could Provide 20 Percent of Electricity by 2030. U.S. officials calculate that the total potential for offshore wind generation is more than 4000 ...
email this story - ArtsJournal: Daily Arts <b>News</b>
Expand regional "public media" news operations to 100 reporters and editors per market in four to six markets -- and soon. That's "public radio" grown into "public media", meaning that these news operations would be digital-first, ...
Arrowheadlines: Chiefs <b>News</b> 10/14 - Arrowhead Pride
Good morning, AP! The theme continues today with respect for everything Chiefs (except anything remotely associated with the passing game). Oh, and Pollard seems miffed. Here's your Kansas City Chiefs news. Enjoy.
eric seiger do
Worldchanging: Bright Green: Good <b>News</b> x2 for U.S. Offshore Wind
Good News x2 for U.S. Offshore Wind. Yale Environment 360, 13 Oct 10. U.S. Offshore Wind Could Provide 20 Percent of Electricity by 2030. U.S. officials calculate that the total potential for offshore wind generation is more than 4000 ...
email this story - ArtsJournal: Daily Arts <b>News</b>
Expand regional "public media" news operations to 100 reporters and editors per market in four to six markets -- and soon. That's "public radio" grown into "public media", meaning that these news operations would be digital-first, ...
Arrowheadlines: Chiefs <b>News</b> 10/14 - Arrowhead Pride
Good morning, AP! The theme continues today with respect for everything Chiefs (except anything remotely associated with the passing game). Oh, and Pollard seems miffed. Here's your Kansas City Chiefs news. Enjoy.
eric seiger do
Worldchanging: Bright Green: Good <b>News</b> x2 for U.S. Offshore Wind
Good News x2 for U.S. Offshore Wind. Yale Environment 360, 13 Oct 10. U.S. Offshore Wind Could Provide 20 Percent of Electricity by 2030. U.S. officials calculate that the total potential for offshore wind generation is more than 4000 ...
email this story - ArtsJournal: Daily Arts <b>News</b>
Expand regional "public media" news operations to 100 reporters and editors per market in four to six markets -- and soon. That's "public radio" grown into "public media", meaning that these news operations would be digital-first, ...
Arrowheadlines: Chiefs <b>News</b> 10/14 - Arrowhead Pride
Good morning, AP! The theme continues today with respect for everything Chiefs (except anything remotely associated with the passing game). Oh, and Pollard seems miffed. Here's your Kansas City Chiefs news. Enjoy.
how to lose weight fast big seminar 14
big seminar 14
big seminar 14
big seminar 14
Worldchanging: Bright Green: Good <b>News</b> x2 for U.S. Offshore Wind
Good News x2 for U.S. Offshore Wind. Yale Environment 360, 13 Oct 10. U.S. Offshore Wind Could Provide 20 Percent of Electricity by 2030. U.S. officials calculate that the total potential for offshore wind generation is more than 4000 ...
email this story - ArtsJournal: Daily Arts <b>News</b>
Expand regional "public media" news operations to 100 reporters and editors per market in four to six markets -- and soon. That's "public radio" grown into "public media", meaning that these news operations would be digital-first, ...
Arrowheadlines: Chiefs <b>News</b> 10/14 - Arrowhead Pride
Good morning, AP! The theme continues today with respect for everything Chiefs (except anything remotely associated with the passing game). Oh, and Pollard seems miffed. Here's your Kansas City Chiefs news. Enjoy.
big seminar 14
According to First American Core logic, the following cities were listed as the 10 most risky cities for foreclosure, as of Jan. 28, 2008:
1. Bakersfield, Ca
2. Stockton, Ca
3. Fresno, Ca
4. Warren, MI
5. Grand Rapids, MI
6. Riverside, CA
7. Sacramento, CA
8. Detroit, MI (down from #1 in 2007)
9. McAllen, TX
10. Youngstown, OH
A report released by First American Core Logic found that the risk of foreclosure has jumped 22% since last year and up 9% from just three months ago. Risk scores were based on job growth or loss, as well as incidences of fraud. Home price trends are especially important. Foreclosure risks are expected to continue to rise over the next 18 months, at the least.
Foreclosure Help
The major US mortgage servicers have agreed to be a part of Project Lifeline, a government-backed measure to help keep struggling borrowers in their homes. The project allows servicers to stop the clock on the foreclosure process for 30 days for people who are 90 days or more late on their mortgage payments.
Project Lifeline is not just for subprime mortgages, but for people with any residential mortgages for their primary place of residence. Homeowners who receive letters from participating lenders need to respond immediately there is only a 10-day window to response. The servicers may recommend financial counseling if they feel it's necessary. Both sides, the lender and the mortgagor, have a few weeks to reach some kind of agreement for resolving the homeowner's default.
Project Lifeline has been adopted by dozens of mortgage servicers belonging to the Hope Now Alliance. A list of these lenders can be found on the website: www.hopenow.com. There is also the hotline set up to give anyone calling mortgage help. That phone number is 888-995-HOPE.
Project Lifeline is an addition to an industry wide initiative, that was announced last December, which freezes interest rates and as a result of that monthly payments, on sub prime mortgages for qualifying homeowners for 5 years.
The downside of Project Lifeline is that it does not apply to people who are within 30 days of foreclosure sale. Most people don't face the reality of their situation until the 11th hour and by the time they go for help it maybe too late.
The Hope Now Alliance is a program aided and funded by the lenders of the alliance. It is a private sector led effort to help minimize the horrors of the housing dilemma. There will be homeowners who choose not to respond to phone calls or to letters sent who will take no action and simply walk away. The borrower whose mortgage exceeds the value of the home or put very little money down are most likely not to respond.
Overall, the Hope Now Alliance and Project Lifeline is striving to help as many able but struggling homeowners as possible regardless of loan program or credit ranking.
These programs are only 4 months old but have so far had a membership increase from 60% subprime servicer market to 94%. The amount of hotline calls is up from 625 to 4000 a day. In the first three months Hope Now Alliance servicers have sent 775,000 letters with a 16% response rate. They will be sending a second round of additional 200,000 letters each month.
Remember these programs are designed for primary residences. It is not a cure or retribution for those who profited or who have committed fraud in the mortgage industry. It is an effort, through loan modification or refinancing, to keep homeowners in their homes.
The latest round of letters were just mailed February 20, 2008. This was the 4th round and last day to respond in 10 days from the 20th. The best advice for foreclosure help would be to first believe it's happening and take action. The next advice is to call your lender. Believe me no one benefits when a house is in foreclosure including the lender so they are willing to work with you.
big seminar 14
Worldchanging: Bright Green: Good <b>News</b> x2 for U.S. Offshore Wind
Good News x2 for U.S. Offshore Wind. Yale Environment 360, 13 Oct 10. U.S. Offshore Wind Could Provide 20 Percent of Electricity by 2030. U.S. officials calculate that the total potential for offshore wind generation is more than 4000 ...
email this story - ArtsJournal: Daily Arts <b>News</b>
Expand regional "public media" news operations to 100 reporters and editors per market in four to six markets -- and soon. That's "public radio" grown into "public media", meaning that these news operations would be digital-first, ...
Arrowheadlines: Chiefs <b>News</b> 10/14 - Arrowhead Pride
Good morning, AP! The theme continues today with respect for everything Chiefs (except anything remotely associated with the passing game). Oh, and Pollard seems miffed. Here's your Kansas City Chiefs news. Enjoy.
big seminar 14
Worldchanging: Bright Green: Good <b>News</b> x2 for U.S. Offshore Wind
Good News x2 for U.S. Offshore Wind. Yale Environment 360, 13 Oct 10. U.S. Offshore Wind Could Provide 20 Percent of Electricity by 2030. U.S. officials calculate that the total potential for offshore wind generation is more than 4000 ...
email this story - ArtsJournal: Daily Arts <b>News</b>
Expand regional "public media" news operations to 100 reporters and editors per market in four to six markets -- and soon. That's "public radio" grown into "public media", meaning that these news operations would be digital-first, ...
Arrowheadlines: Chiefs <b>News</b> 10/14 - Arrowhead Pride
Good morning, AP! The theme continues today with respect for everything Chiefs (except anything remotely associated with the passing game). Oh, and Pollard seems miffed. Here's your Kansas City Chiefs news. Enjoy.
big seminar 14
No comments:
Post a Comment