Hey! My next vegan dinner party will happen on Friday, 12/9 at Bok Choy Garden, where we'll feast on some yummy Chinese cuisine. Bok Choy Garden is a great place and is famous for its huge menu of a variety of fantastic and reasonably priced food.
Of course you'll enjoy a fun dinner, meet new friends, and catch up on gossip with old friends!
But that's not all... this month's dinner will also include:
* A presentation by a climate science expert on global warming and how YOU can help reduce it
* A (tentative) presentation/mini-concert by the artistic director of MusicSources
* And, you'll get an opportunity to sign petitions on various issues to lobby senators, congresspeople, etc
Space Is Limited! Please be sure to RSVP to me No Later Than Thursday, Dec. 8 if you want to go.
When you RSVP, please include
(a) whether you want to order your own food or share with the group
and (b) an accurate probability estimate that you'll in fact be there.
Bok Choy Garden, 1820 Clement St. (near 19th Ave.) We'll gather at 6:30pm and eat at 7pm. We will simply order from the menu. Family Style. Cost will be split among the participants -- cost should be about $12-$14 each.
The best way to get there is by public transport, Take the 38L bus and hop off at 19th or 20th Ave., then just stroll a block north to Clement. By BART just get off at Montgomery, climb out the exit at Post St. and wait nearby for the 38L outbound. Email me for Caltrain directions or specifics from other parts of town.
Derek, You
need to supply
the link, as
the
attachments
don't get
saved for us
web readers. I
have a hunch
you enclosed a
thirty year
chart.
Gold has
outperforrmed
the general
stock market
and tech for
the last 4
years. The
gold bull or
stock market
bear is likely
to continue
untill the
ratio of the
price of gold
to the dow
approaches 1,
as it did in
1980. My guess
is that the
ppt won't let
the dow go
down and will
also monetize
the bust of
the real
estate market,
meaning that
gold and the
dow will meet
agian at about
7 to 10
thousand.
The inbalances
related to the
worlds reserve
fiat currency
are much
greater than
in 1980, the
budget is out
of control,
manufacturing
is hollowed
out, the trade
deficit is
large, as is
the
accumulated
debt, the
housing bubble
prevents the
Fed from
pulling a
Volker and
reaisng rates
to 18 percent,
and a large
portion of the
Fed's and
European
central banks
gold has been
dishorded to
hold the price
of the metal
down over the
last quarter
century. The
looming fiscal
crisis of the
federal
government,
plus corporate
problems such
as GM's 300
billion dollar
debt bomb, not
to mention the
problems at
Fannie and
Freddie, plus
the emperor
being exposed
in New
Orleans, plus
the problems
in Euroland
have caused a
tiny
percentage of
individuals
and
institutions
to look for
safe haven in
the one form
of money that
has no
liability
attached to
it.
There is an
ocean of
liquidity in
the woeld that
will float the
price of gold
to
unimagingable
levels as both
fear and greed
will drive
this market.
Once people
begin to
question paper
assets there
could be a
stampede. I
sincerely
doubt that the
remnants of
our
Republic will
produce the
leadership and
will to
forestall the
continued
debasement of
the currency.
The rate at
which this
plays out is
open to
question.
Hoerver the
math of a debt
based currency
argues for
accelarating
inflation.
Each dollar
created
carries with
it interest
that must be
serviced.
The money
created in the
real estate
boom must be
serviced, and
because many
particupants
in the real
estate market
are cash floe
negative, they
depend on
asset prices
cinstantly
rising to meet
the dabt
obligation. If
the Fed
continues to
raise rates to
prevent the
dollar from
losing value
in the
currency
markets, they
risk bursting
the real
estate bubble.
In order to
prevent the
system from
then
collapsing in
a feflationary
spiral, the
Fed will be
forced to
monetize much
of the
bankrupted
mortgage
paper, and
this is highly
inflationary.
Now the Fed
plans to not
pubblish data
on m3. This
appears to be
a procimate
cause ofr the
rapod push
above 500.
There is very
little fervor
in the gold
market now.
The San
Francisco
previous
metals
conference
last weekend
comfortably
fot in the
Marriot on
Market street.
All the
precious
metals stocks
combined have
a market cap
less than a
third of
Microsofts. My
favorite gold
stock remains
Novagold, The
company has a
market cap
around 600
million bucks
and has proven
and probable
reserves of
about 30
million
ounces, with a
roadmap to
becomming a
producer. That
means that
buying Nova
gold gets you
gold in the
ground for a
little over 20
bucks an
ounce. The
other
important
thing to
remmber now is
that gold has
broken out to
new all time
highs aginst
the euro, and
multi decade
highs against
the yen and
almost all of
the worlds
fiat
currencies.
It's just a
tricke now.