Tuesday, May 3, 2011

Short and Long Term

There is a big difference between the short and the long term. And it helps to have definitions.

Long term ALL paper currencies are doomed. DOOMED. 10 - 20 years out, I think the US$ and the rest of the major currencies will be FUBAR. What's that have to do with 6 months from now?

There are battles, and then there's the war. In chess we have a open/beginning game, mid game, and an end game.

There is "survive" and then there is flourish. There is a great deal one can do to help themselves flourish before the end game.

Like... sell silver and use the down payment for a homestead.  Someone who bought just 1000 ounces of Silver back a few years ago when I first started writing about it would now have enough to put 20% down on a homestead and have enough left over to provision it.  They would also have the luxury of time to adjust to their new life style (because it takes some getting used to).

I bought my homestead with the proceeds of my Oil trades over the last decade. I PUT my money where my mouth is. I DO think that the homestead was the right investment (though I would like more land and a bigger house). And still I think commodities will break big at some point before they become the only investment worth owning (and not just precious metals.... and of course, I could be wrong).

Silver has become dear, and homesteads are cheap.

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On my pet peeve against sports related injuries....

The report is in on Dave Duerson's brain: "moderately advanced" CTE (Chronic Traumatic Encephalopathy) is the diagnosis. If you have children, I hope you will reconsider sports like football and boxing (guilty on both accounts). Heck, not reconsider... I hope will NOT consider these sports whatsoever. Going through life with undiagnosed brain damage from something you did as a kid is just unacceptable. We can't change the past, whatever you did is done... but we don't have to do this to our children... and no amount of denial from the NFL or the UFC or the Nevada bBoxing Commission is going to put the shaving cream back in the can.

The end of the Oil Age is upon us. Sports injuries (WTF??) have NO PLACE in your child's future.

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I wonder what the feminist/abortion rights folks make of this unintended consequence.

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I added to certain energy equities today... but I am flat Oil.

13 comments:

Anonymous said...

I saw this and thought I would share.. Are these guys serious?

http://finance.yahoo.com/blogs/daily-ticker/energy-problem-u-oil-exports-rise-174452881.html%20?sec=topStories&pos=9&asset=&ccode=

Greg T. Jeffers said...

Wow... that is staggeringly FUBAR.

Propaganda never sleeps...

Anonymous said...

The Bureau of Lies and Statistics (BLS) must have held a class and invited the EIA statisticians. Reminds me of training I had to endure a decade or so ago; some rabid feminist imploring us to just make the numbers up. And how do you think M-E-N get the numbers… That’s right they just pull it out their sorry… Oy

Best,
Dan

Anonymous said...

I just looked at the EIA stats for indivdual sectors, coal, oil and gas.

We import about 9,300,000 barrels of oil per day

We export a very small percentage of our coal production

We import about 2.7 Trillion cubic feet more NG than we produce per year.

Yahoo ought to vet their stories better. This one is a sack of crap.

Figures don't lie, but liars write news reports.

The good news is that all of the import numbers are falling.

I couldn't get the EIA page to open from Yahoo's article

Regards,

Coal Guy

Anonymous said...

Correction:

Our net imports of NG are 2.7Trillion cubic feet per year.

Regards,

Coal Guy

Anonymous said...

I agree its propaganda but per Greg's theory that nothing makes it into the MSM accidentally.

Makes you kind of wonder what their angle is on this?

Anonymous said...

Do you think it would be better to terminate a pregnancy in the early stages or starve an unwanted child to death?

Anonymous said...

Female infanticide has been occurring for centuries in both India and China, long before the word feminist even existed.

Greg T. Jeffers said...

Anonymous:

YOU'RRR Back... with your black and white thinking?

Please get a handle or nickname or register. Try HARD not to give yourself away with your black and white world view.

Anonymous said...

Anon 10:04AM

I'd guess that it is the latest in the propaganda effort to villainize the oil companies and the commodities traders. The Socialist head of the 2 head 1 party Congress would just love to nationalize the evil oil companies so that all the revenue would go to the US Treasury (for the public good of course). They also want to control the markets, so they'd also like to raise public ire to get support for more restrictive trading rules. Far be it for any of the bastards to allow peak oil to be identified as the problem.

Regards,

Coal Guy

Greg T. Jeffers said...

And Anon:

You miss my point (once again). No doubt these societies have practiced infanticide in the past... and now have a handy method of killing babies that has the support of the Liberal West.

"Look what you have wrought"

Anonymous said...

By nationalize, I mean steal the oil companies from the stockholders. You can bet that the shares will be traded for long term bonds that will be worthless at maturity.

Regards,

Coal Guy

Anonymous said...

Despite the fact that you have villified and ridiculed me, i still respect your opinion on commodities and oil and thought I would check back to see your latest take on the commodities turn. Don't worry - I won't be commenting regularly. Now India has a handy method of killing babies with the support of the liberal west? That doesn't make any sense. These people follow the laws of the jungle - if a mother lioness has a weak or unwanted baby cub she lets it die to increase the chances of survival of her other cubs. The only way the practices of female infanticide will change in India and China is if these countries can increase the standards of living and the standing of women in their societies. Western views on abortion have nothing to do with it.