Interesting report that came my way about US debt levels. As could be
expected as we go 15 years into this real estate cycle.
A little knowledge could go a long way. The UK, 60 years on, has just
completed, or will shortly, its loan repayments to the US for the credit
extended by the US to fight the good fight against the Germans. $90
billion and counting so far in credit extended by the good will of the
bond buyers to fund America's excursion into Iraq. Rupert's papers
spin the government line of disarming those WMD's, you should recognize
they were merely securing the rent. (Can any US Evangalist really
explain why Allah chose to put that oil under middle East soil...)
Blessed are the poor, for they shall inherit the debt.
Never aspire to be part of the public: their ignorance condemns them to
perpetual slaughter. Especially small town USA public as they enlisted
for that free education.
Some nations in Europe are even still paying off Napoleonic war debts.
But let us not runaway with our emotions here. What US taxpayers think
of this now massive US debt level will depend solely and entirely on
what happens to the value of their house (read land). Should land price
in the US turn down any time soon, the US homeowners are a gunna get angry.
At that point, their focus will turn negative, and as Gann clearly
points out, then, all the bad news will get accentuated. If the land
price turns down badly enough, belief about the size of that debt could
start a US dollar crisis, i.e. doubt about the US government ability to
pay, a stampede out of dollars as the worth of holding them lessens.
And you have seen just how quickly sentiment can turn in the recent
Land price has to turn down first, for the above possibility. More on
that coming. (Refer also back to the email headed "Real estate and
Banks" sent Feb 20th, see the .pdf attached file on that email.)
If you have a look at a gold chart, we have 180 degrees from the Nov 4
low, 90 from the Feb high, 60 from the March low, good 45 day cycles
working, and Gold very often tops in Feb and May, if you see past
history. This is how Gann knew what was going to happen in the future -
rest assured it can be done. So after a 180 degree run like that, news
then happens to bring the reversal. So it comes as no surprise
that already, we get the following. Time tells the turn.
Expect over the next two months or so, news that lessens the pressure on
Really, it is all about time.
I noted with curiosity, Mr Larry Williams was arrested in Sydney -
whilst on the plane can you believe it - for tax evasion on book
royalties and seminar proceedings. Perhaps he declared the trading profits ?
So it's thanks for the music Grant, Australia's best ever band:
Notice how in this instance the pressure to reform crystallized at 120
That dreadful accident, again, to young Sophie: losing both feet and
third degree burns to 85% of the body as a vehicle went into the child
care centre where she was (Dec 15, 2003), now hit by a car (May 6).
That is one degree short of 30 months.
Those Beaconsfield miners, underneath for 14 nights, in the mine almost
exactly 15 days. One twenty-fourth of a year, half of thirty, one full
circle in hours. (15 by 24) Both start and finish exceptionally
Woodstock Institute Report On Household Debt