...the Lloyd's prayer!!!...this confirms Jesus as the greatest poet of all time...and He taught it off head back then...

Playing the stock market without insider info...is like buying a cow in the moonlight.

An economics professor at a local college made a statement that he had never failed a single student before,but had failed an entire class. That class had insisted that socialism worked and that no one would be poor and no one would be rich,a great equalizer.

The professor then said,'OK,we will have an experiment in this class on the present administration’s plan'.

All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive an A.

After the first test,the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy.

As the second test rolled around,the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.

The second test average was a D! No one was happy.

When the 3rd test rolled around,the average was an F.

The scores never increased as bickering,blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.

All failed,to their great surprise,and the professor told them that socialism would also ultimately fail because when the reward is great,the effort to succeed is great but when government takes all the reward away,no one will try or want to succeed.

Could not be any simpler than that.

Heaviest Element Yet Known to Science: (Gv)

Lawrence Livermore Laboratories has discovered the heaviest element yet known to science.

The new element,Governmentium (Gv),has one neutron,25 assistant neutrons,88 deputy neutrons,and 198 assistant deputy neutrons,giving it an atomic mass of 312.

These 312 particles are held together by forces called morons,which are surrounded by vast quantities of lepton-like particles called peons.

Since Governmentium has no electrons,it is inert; however,it can be detected,because it impedes every reaction with which it comes into contact. A tiny amount of Governmentium can cause a reaction that would normally take less than a second,to take from 4 days to 4 years to complete.

Governmentium has a normal half-life of 2 – 6 years. It does not decay,but instead undergoes a reorganization in which a portion of the assistant neutrons and deputy neutrons exchange places.

In fact,Governmentium’s mass will actually increase over time,since each reorganization will cause more morons to become neutrons,forming isodopes.

This characteristic of morons promotion leads some scientists to believe that Governmentium is formed whenever morons reach a critical concentration. This hypothetical quantity is referred to as critical morass.

When catalyzed with money,Governmentium becomes Administratium,an element that radiates just as much energy as Governmentium since it has half as many peons but twice as many morons.

@ Young. The system used to post this forum in the 'Investments' section but nowadays places it on 'Other Discussions' regardless of my choice of Investments on the menu.

London's Financial Times tackles the issue of dwindling global supply in the midst of rising investment demand. Just last week,Barrick Gold's CEO coined the phrase 'peak gold'.

'The world’s top gold mining companies have warned that global production of the precious metal is likely to resume a long-term decline in coming years,in spite of a record-breaking surge in the price of gold to more than $1,100 an ounce.

Much of gold’s recent rise to an all-time high of $1,122.85 last week has been due to the weaker dollar and huge inflows into exchange-traded funds (ETFs),as investors have sought sanctuary from the financial crisis by buying physical assets.'

Read more:

http://www.ft.com/cms/s/...bdc0.html?nclick_check=1

While Joe and Njoroge Investor may not yet be on the gold rocket,the uber rich are apportioning a larger part of their wealth to the precious metal. Harrods of London is reported to be enjoying robust sales of its branded gold bullion bars.

'Luxury jeweller Asprey is teaming up with Brad Pitt and Angelina Jolie to launch a new range of gold and other jewellery and accessories.

According to Women's Wear Daily,the couple have designed a collection of items entitled The Protector,with each piece based on a serpentine style.

Rings,pendants,earrings and men's cufflinks form part of the range alongside baby gifts such as eggcups,spoons,photo frames and tooth boxes.

The snake-based design of each piece came about because Jolie received a serpent-shaped ring when pregnant with daughter Shiloh and has considered the snake to be a protective talisman ever since.'

Read more:

http://www.mediacentre.g...ch_gold_jewellery_range/

@ Kangi

Thank you for your kind words.

The Chinese have a saying,'Only when all contribute their firewood can they build a strong fire.'

As part of their efforts to 'build a strong fire',the Chinese had to utilise the ravenous Western consumer in order to ascend the developmental ladder. Her domestic economy consisting of citizens first coming on to the trappings of modern living,was incapable sustaining the output of its factories and vast labour force. The government therefore had to neutralize the effect of a rising Yuan by buying U.S. Treasuries and pegging its value to the U.S. Dollar. This mechanism enabled it to furnish the shelf spaces of the West,attract capital investment and leapfrog nations such as Germany and Britain in economic output.

Now that the Western consumer has curtailed spending in favour of saving,China has allowed the Yuan to appreciate from 8.28 to 6.83 to the Dollar over a 3-year period. In addition,Beijing has adopted a pragmatic approach at diversification by buying and securing mineral resources made cheap by the financial storm.

China has all but ceased purchase of U.S. Agency debt peddled by mortgage originators Fannie Mae and Freddie Mac. It has funnelled these funds into short-term U.S. debt instruments that can be easily rolled over once the inflation genie rears its head and threatens to devalue the value of its Treasury holdings.

Before the crisis,the market had been keenly monitoring the purchases of U.S. Treasuries by foreigners. A deceleration and outright halt would have been a death knell to the bond market and the Dollar. All that changed with the Federal Reserve's measures to prop up financial institutions and the economy by enveloping itself with $12.8 trillion of bailouts and guarantees. The rules of the game have shifted as the market is watching for a breakdown of the U.S. bond market.

The Yuan is a dictate of the Chinese authorities. They will allow it to appreciate slowly to fend off global inflation from the Western world. Meanwhile,the Dollar is trotting towards the cliff edge. A disorderly descent beckons. Hear the song of the canary in the coalmine – gold.

If you have additional questions,please ask.

@kk ...india 200tonnes!! Mauritius best of africa 'only' two tonnes....BTW How many tonnes does CBK hold? we must be having some left over from goldenberg atleast.....How would one joe go about buying gold in kenya?....Much appreciated

From this change good will come

Green shoots in Zimbabwe from Alf Field who in 2008 set out the price milestones on gold's bull market. Well worth a read.

'In February 2009 Zimbabwe was the only country in the world without debt. Nobody owed anyone anything. Following the abandonment of the Zimbabwe Dollar as the local currency all local debt was wiped out and the country started with a clean slate.

It is now a country without a functioning Central Bank and without a local currency that can be produced at will at the behest of politicians. Since February 2009 there has been no lender of last resort in Zimbabwe,causing banks to be ultra cautious in their lending policies. The US Dollar is the de facto currency in use although the Euro,GB Pound and South African Rand are accepted in local transactions...'

Read more:

http://www.321gold.com/e...s/field/field111109.html

The late Hyman Minsky,Ph.D.,was a famous economist who taught for Washington University’s Economics department for more than 25 years prior to his death in 1996. He studied recurring instability of markets and developed the idea that there are seven stages in any economic bubble:

Read more:

http://www.jiltin.com/in...99s-seven-bubble-stages/