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enrieb

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About enrieb

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  1. enrieb

    GOLD

    There's 145 tons of gold in Libya. When NATO takes over they may just dump a load into the markets. Theres some info here about Libya attempting to start a gold backed dinar training oil for gold, dunno how plausible that is or if it was part the reason for NATOs backing. http://www.goldbuzzer.com/is-gold-the-real-reason-for-nato-s-action-in-libya/47 Libyan gold valued at $6.5bn http://www.bbc.co.uk/news/business-12833866
  2. enrieb

    GOLD

    First gold dispensing ATM opens in the United Kingdom http://www.bbc.co.uk/news/business-13998238 A gold bar vending machine has opened in the Westfield shopping centre in west London. The machine, which follows others around the world including in Dubai and Germany, dispenses gold bars. Prices are updated every ten minutes as the gold market changes. The company behind the venture, Gold to Go, put a mark-up on the price of gold but CEO Thomas Geissler insists it is a good investment for members of the public. Gold prices are currently close to record highs of more than $1,500 (£940) an ounce. However, economically challenged people failed at an intellectual level when asked their opinion on whether the gold bars would make a good gift or investment.
  3. enrieb

    The Next Big Thing? Foreign Exchange

    Have a look at this link below for Next Big Thing.. I saw a thread on HPC about a list of Indian Mega Projects, over 1 trillion dollars of investment in Steel plants, petrochemical plants, refineries, road and rail, power plants, etc.. Here's the list. http://www.skyscrapercity.com/showthread.php?t=1259909
  4. enrieb

    UK House prices: News & Views

    As annoying and unfair as it seems, the millions of end-user benefit takers are only a small part of the problem, and only account for a tiny amount of the money that is spent in the system, they also have little or no political power. Unlike HK, the UK is a country on a downward spiral with an economic system that is fundamentally mal-structured, we use debt from overseas to employ people and companies to farm the unemployed, unemployable, elderly, unfit and criminal classes. The group that really rely on government handouts are the Primary tax consumers that are employed by the benefit system and the Secondary tax consumers(so called 'private' companies that only exist due to state spending) These are the social groups that have done very well during the labour years, and they are the reason why we encourage a benefit culture. It's also the same group of people who benefited the most from the housing boom which Fred Harrison talks about in Ricardo's Law. It is essential for government to rewards their own power base in the Bourgeois and Petit-bourgeois for support, otherwise these educated articulate people will organise the proles and lumpenproleteriat in political demonstrations. When this group starts to suffer then I expect we will see real organised political opposition to austerity measures, which will eventually lead to a return to a labour government and more debt and inflation.
  5. enrieb

    Black Monday

    Is it really unethical to move in and buy stocks when the price is falling due to a market panic caused by a tragedy? I certainly think shorting uranium stocks would be unethical, though potentially financially profitable. However, buying a stock that has fallen in value may help put a floor in the market, wouldn't it just compound a market crash by standing back and not buying the undervalued stock, thus causing the price to fall further?
  6. I've always thought that geo-thermal has by far the best potential, because the technology is already there. Also the faster we run out of cheap oil, the deeper we will have to drill to get to more oil deposits. The rising prices of oil will provide the investment for deep drill technology and expertise, that will directly benefit geo-thermal exploration. However, the downside is that the cost of drilling and creating a geo-thermal well is dependent on the price of oil, and as the price of oil rises so does the cost of drilling the hole. We should be using todays cheap oil to drill the geothermal holes, because tomorrows expensive oil will push up the cost of drilling, it seems like a good investment to diversify a small percentage into, that is, if you think the price of energy is going to rise long term. The same reasoning could apply to tidal power and dams.
  7. enrieb

    BLACK SWAN ALERT

    Dam, and I left my sunglasses at work. Meanwhile in the middle east http://english.aljazeera.net/programmes/in...2947713373.html
  8. enrieb

    HYPERINFLATION

    Yes I thought the fact that the trucks had gone was rather unusual, however walking past today the place has no activity and appears to have closed. I can't say for certain that it's due to a slow down in the economy, it may have been that they have simply moved to other premises.
  9. enrieb

    HYPERINFLATION

    I walked past a small distribution centre today, the place is usually open 24hours a day, it was closed by 9pm and there wasn't a single truck parked up either. Usually theres forklift trucks loading and unloading at all hours and trucks and trailers all over the car park, the place was dead. Of course this is only a tiny, tiny piece of anecdotal evidence and I can't speak for the entire retail industry, but if what I witnessed were representative of a wider slow down across the retail industry then things are about to get a whole lot worse.
  10. enrieb

    HYPERINFLATION

    This has been happening on a small scale for quite a while now in the Greater Manchester area, but lately it's become an epidemic. As the currency depreciates against metals the country becomes stripped of metal assets and fixtures. Grid thieves are putting lives at risk says council Hundreds of grids have been stolen from Stockport roads sparking fears of serious accidents. http://menmedia.co.uk/stockportexpress/new...sk_says_council
  11. enrieb

    Zeitgeist - New Documentary

    So what are peoples opinion's on the Resource Based Economy at the heart of the Venus Project? To me it just sounds like barter, with all its obvious limitations. I don't see how any economy can operate without a form of money, and even if it were attempted a new form of money would spontaneously emerge to fill the role, like cigarets do in a prison environment.
  12. Here's the link to the book mentioned in the podcast. It's in a pdf format on the Mises website. Fiat Money Inflation In France Andrew Dickson White http://mises.org/books/inflationinfrance.pdf
  13. enrieb

    GOLD

    I found this short video explaining how gold is mined and turned into a finished product. It really does show you just how energy intensive modern gold mining is. The way I see it, cheap oil = cheap gold. I expect long term oil prices to rise as the effects of peak oil take hold, and I think that the oil price rise will be reflected in the gold price over time. http://www.snotr.com/video/5963
  14. enrieb

    HYPERINFLATION

    Rail fares up by average 6.2% in new year http://www.bbc.co.uk/news/uk-11818904 2007 http://news.bbc.co.uk/1/hi/uk/7116670.stm 4.8% 2008 http://news.bbc.co.uk/1/hi/england/notting...ire/7167074.stm 4.8% 2009 http://news.bbc.co.uk/1/hi/england/7925599.stm 6% 2010 6.2%
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