Aces High Bulletin Board
General Forums => The O' Club => Topic started by: 2bighorn on March 03, 2008, 11:23:21 AM
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Looks like there's no end in sight.
http://www.nytimes.com/2008/03/03/business/worldbusiness/03cnd-oil.html
http://www.bloomberg.com/apps/news?pid=20601116&sid=auAqRVeyds.4&refer=africa
With recent Colombia, Ecuador and Venezuela dance, it'll just get uglier.
OPEC won't rise the production either.
Some says we are already in recession, although majority is sticking head in the sand.
http://uk.reuters.com/article/gc06/idUKWEN425620080303
Dollar is continuing to fall.
US manufacturing is contracting at fastest pace in five years.
Construction spending decreased almost two percent in a single month.
So... Which team is going to win Stanley Cup?
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Originally posted by 2bighorn
So... Which team is going to win Stanley Cup?
Does Saudi Arabia have a hockey team? I mean native. They probably own a few.
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Originally posted by Arlo
Does Saudi Arabia have a hockey team? I mean native. They probably own a few.
I know UAE has one, so I'd say Saudis might have one as well.
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Housing played a big part so far. All those folks who couldn't see the writing on the wall with A.R.M.s. They should let the lenders die on the vine too. The US is readying itself for the closure of 200 banks.
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"Dubai Sandstorms Ice Hockey Club has a dedicated core of hockey coaches who coordinate two weekly one-hour practice sessions for players in all four divisions from September through to April. The Club hosts two annual tournaments attracting teams from Al Ain, Abu Dhabi, Oman and Saudi Arabia and organizes an annual ice hockey training camp led by hockey professionals from Canada."
Dubai Sandstorms... :rofl
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Originally posted by Shuffler
The US is readying itself for the closure of 200 banks.
Not that we need them, or?
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Hello stagflation. Last time it happened the s & p lost 50%+ in 18 months, Buffet is saying that equities are overvalued, hang onto your socks:)
shamus
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if the US economy collapses, who will OPEC sell it's $100 a barrel oil to? :O
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Saudi's have the Toronto Maple Leafs I believe.
:D
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Originally posted by john9001
if the US economy collapses, who will OPEC sell it's $100 a barrel oil to? :O
They are selling a bunch to India and China now, i don't see why they shouldn't continue.
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Originally posted by john9001
if the US economy collapses, who will OPEC sell it's $100 a barrel oil to? :O
You mean 30€ barrels?
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Originally posted by 2bighorn
Not that we need them, or?
What about the people that have money with all of those banks?
Not all accounts are insured.
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Where's Ripsnort to tell us oil is cheaper today than it was 30 years ago?
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Does anyone know how much the de-valued dollar is part of it? 10%..20?
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Originally posted by rpm
Where's Ripsnort to tell us oil is cheaper today than it was 30 years ago?
Gold 3/04/78 184.40 Gasoline 0.65
Gold 3/04/08 971.20 Gasoline 3.16
971.20/184.40 = 5.26
5.26 *0.65 = 3.41
Based on gold, it is cheaper... Just like Ron Paul said.
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Based on Kellogg's Corn Flakes, I'm Warren Buffet.
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Originally posted by rpm
Based on Kellogg's Corn Flakes, I'm Warren Buffet.
Last I checked, no currency was ever based on corn flakes.
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Last I checked, the US economy was'nt based on gold.
[edit: you can thank a Republican for that]
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Maybe the only good news is, is that by the time the US Gov't admits to a recession it's usually at least half way over.
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Originally posted by rpm
Last I checked, the US economy was'nt based on gold.
[edit: you can thank a Republican for that]
It was never[/b] based on corn flakes.
Yeah it was Nixon who took us off the Gold standard. But by 1976, all the major currencies were fiat. Which repuiblican are you going to blame for that?
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Hold that spin!
You took this to a "versus gold" arguement. We are talking real world currency. How many $20 gold pieces do you use to fill up?
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Originally posted by rpm
Hold that spin!
You took this to a "versus gold" arguement. We are talking real world currency. How many $20 gold pieces do you use to fill up?
What spin?
I paraphrased a Ron Paul statement showing that the problem is possibly the value of currency rather than the true cost of oil. That is all.
You (as is your habit) blamed republicans. It seems as if you believe a fully 100% demo govt would not be as screwed up as the present partisan climate.
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If gold hits 10 grand or so do you think the government will make it illegal to own again?
shamus
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Originally posted by john9001
if the US economy collapses, who will OPEC sell it's $100 a barrel oil to? :O
China
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Originally posted by 2bighorn
So... Which team is going to win Stanley Cup?
Well, i've got my fingers crossed that the Isles make the playoffs, but they won't win the cup....
My money is Minnesota, Boston, New Jersey, or Dallas to take home the Cup.
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Originally posted by Holden McGroin
What spin?
I paraphrased a Ron Paul statement showing that the problem is possibly the value of currency rather than the true cost of oil. That is all.
You (as is your habit) blamed republicans. It seems as if you believe a fully 100% demo govt would not be as screwed up as the present partisan climate.
Unless you have been paid in gold since '72 when Nixon took us off the gold standard the ratio of gold to gasoline makes absolutely no sense. I took that unlogical theory to the next unlogical step, Kellogg's Corn Flakes.
My political beliefs have nothing to do with the ratio of corn flakes to petrol. It's not my fault a Republican took us off the gold standard, now is it?
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Good thing we aren't drilling in Anwr, or off the gulf coast.
I think we should stage a faux environment disaster to distract the hippies from what needs to be done in the Gulf and Alaska.
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Originally posted by lasersailor184
Good thing we aren't drilling off the gulf coast.
Uh, what fantasy world are you living in?
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Originally posted by Holden McGroin
I paraphrased a Ron Paul statement showing that the problem is possibly the value of currency rather than the true cost of oil. That is all.
Originally posted by rpm
Unless you have been paid in gold since '72 when Nixon took us off the gold standard the ratio of gold to gasoline makes absolutely no sense. I took that unlogical theory to the next unlogical step, Kellogg's Corn Flakes.
I can show numerable instances where gold was a standard, and arguably still is, considered a standard of constant value.
It is therefore logical to use the value of gold as an economic constant value standard. After all the value of the dollar and other currencies are by definition of inflation not of a constant value.
Unless you can find me a currency in the history of civilization which was based in the value of breakfast food, I will have to agree with you that your corn flakes statement was illogical.