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The homelessness problem is really starting to spread in OZ.

 

This is unprecedented in a country like Australia .

 

A YOUNG girl plays outside the tent while mum prepares a meal in the camp kitchen and her teenage brother and sister hang around looking bored.

 

It's a scene repeated at campgrounds and holiday parks all around Queensland as families have a couple of weeks' vacation under canvas.

 

But 11-year-old Shantelle Smith and her family are not on holiday this Christmas.

 

The tent is their home.

 

This is how Shantelle, mum Gayle and siblings Anthony, 17, and Susan,16, have lived for the past seven weeks.

 

Before that, it was six weeks with the four of them sleeping cramped in a Holden Commodore station wagon.

 

http://www.news.com.au/couriermail/story/0...5007190,00.html

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Democrats Offer Alternative Liquidity Plan

 

Under the proposal now before CONgress, President Bush's postal ATM machine plan will be replaced by a more energy-efficient and environmentally-friendly approach.

 

"All that driving to post offices is releasing terrible amounts of greenhouse gaSSes into our atmosphere.  Under our proposal, local fire departments will use high-powered hoses to blaSSt every homoaner's walls and attics full of hundred dollar bills, for easy access by all consumers in the family.  We estimate the extra insulation will also cut home heating costs by up to 20% during the winter season."

633916[/snapback]

 

 

:lol: :lol: :D :D :P :P :D :D :lol:

 

 

C'est magnifique as always Shorty

 

Not only do you enunciate the Bear postion perfectly, you always provide a fornicating good belly laugh along the way.

 

Thanks doesn't begin to cover it.

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OK, it's clear to me now, one way or another, whatever it takes, however much is necessary, fiat currencies Shall be debased in order to prop up nominal aSSet prices.

 

Nominal aSSet prices will thus be allowed to decline only slightly, just enough to make it look real.  This will also have the desired side effect of maintaining gov't tax revenue that's based on property values.

 

Virtually all CONsumer items will soar in price -- real goods, insurance, services, gov't fees, college costs, etc.  This will have the desired effect of further punishing the working stiff middle claSS.

 

Gold will skyrocket.

 

Wages will CONtinue to be pounded down to third-world levels and jobs sent overseas, so although paper money debts will be smaller in real terms, the working stiff middle class will find it much harder to earn paper money, so they will still be crushed under their debt, aSS planned.

 

Top 1% wins again.

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Shorty Just got done listening to Poop lavas show.He pretty much agrees wth your ASSessment. Say what you will about the guy but I like him! His macro calls have been fairly accurate and he seems to have integrity! Hes just not quite as funny as you but he makes an interesting comment that mirrors your experience with Bank of America! Merry Christmas to you and the Shorty loved ones! Brick

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Hey guys, I haven't been around this week. Santa brought me an early Christmas present.

 

Introducing Emma Loise Porter, born December 18 at 1:15pm. 7 pounds 11 ounces.

 

I am a very happy guy!

633971[/snapback]

Wow! Wonderful! If this is your first, you have a great change ahead of you, and I don't mean just diapers. :lol: Structure her world so that she finds success in most all she does. Congratulations. :D

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:lol:  :lol:  :D  :D  :P  :P  :D  :D  :lol:

C'est magnifique as always Shorty

 

Not only do you enunciate the Bear postion perfectly, you always provide a fornicating good belly laugh along the way.

 

Thanks doesn't begin to cover it.

633996[/snapback]

 

 

Agree. It would be worth coming to the stool for Shorty's hilarious posts alone. He also seems to be a great market timer. Great call on options scam week.

 

Merry christmas and happy New Year to everybody with special thanks to Doc for creating this great board.

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OT Post:

 

two weeks ago flash floods hit the state of Washington. Our family farm run by my cousin John was badly damaged both his home and dairly were hit to a tune of over million dollar in losses which included his dairly herd. People from all parts of the country are in the process of lending a hand in getting the farm back in operation which includes both cash, labor and replacement dariy stock. I have included a link to a story about the farm. If you would like to provide a gift to the rebuilding of the farm please send a check in any amount to:

 

John Brunoff

482 Bunkercreek

Chehalis WA 98532

 

thanks

 

link to the story

 

http://www.king5.com/topstories/stories/NW...W.829694b4.html

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I called Bank of America with a simple question and they put some frantic shyster on the line and he tried to push out a maSSive chunk of fresh new $caSSh to me, unsolicited

 

what the heck is goin' on?

 

I tell 'em I don't want to borrow no money, they say Sir you aren't borrowing it we're just depositing it into your checking account you can do whatever you want with it, so can I go ahead and make the deposit now can I can I can I

 

the whole world has gone nuts

 

all I can figger is the Fed is pressurin' banks to push out money for some reason

 

it's bizarre

 

he said 1.9% and I said no thanks then he said OK 1.0%

 

I thought I was in the twilight zone, but I'm a durn polite fellar, didn't wanna cut him off so he worked himself into quite a frenzy

 

now that I think about it I shoulda said OK how bout you pay me 1% then I'll take it! :lol:

 

Maybe I'm paranoid but I'm afraid to go outside anymore, afraid of walking into a Monty Python episode or something, if I go to get donuts is somebuddy gonna jump outta the men's room and start tryin' to shove stacks of $100 bills in my coat pocket?

 

I'm tellin' ya, sumpthin funny is goin' on out there in the eCONomy

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I think the FED is trying to get the banks to start lending and quiting hoarding t-bills, but pushing out out money is nothing new. About two years ago I went into a Chase branch my wife banks at and a good looking young chick approaches me in the lobby. I was not sure whether she was hooking or what, but I found out she was pushing HELOCs. :lol: I told I was retired and didn't need a loan, but she insisted that I might want to take a vacation or get a new car or something.

I told I had no way of paying back a loan since I was retired, but that didn't phase her. Since she was very easy on the eyes I let her finish her speal, but declined the HELOC which really disappointed her. B)

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A lib from the Coast. I don't know which one. He is making fun of the working stiffs in flyover country. <_<

 

On Second Thought, Annie, Don't Get Your Gun

Hunting shops are having a bum year. Uh-oh.

By Daniel Gross

Posted Thursday, Dec. 20, 2007, at 5:45 PM ET

 

Companies like Cabela's are hurting

This fall should have been an excellent time for companies that cater to well-heeled hunters and fishers. The farm-based economies of the Great Plains and Midwest are roaring. And the onset of the presidential campaign season, during which you often find city slickers posing as big-game hunters, usually provides a boost?for retailers and comedians alike. President Bush, in what now looks like foreshadowing, went out to shoot for doves during his 1994 gubernatorial campaign, and instead brought down a killdeer, which was protected by state law. John Kerry's duck hunting in the fall of 2004 failed to sway rural voters. More recently, tough guy Vice President Dick Cheney bagged a septuagenarian, and ex-Massachusetts Gov. Mitt Romney bragged about his long history of hunting varmints.

 

http://www.slate.com/id/2180461/

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Has anyone already posted this?:

 

[excerpt]

 

UK COMMERCIAL PROPERTY FUND FROZEN?
AS REDEMPTION SOAR ON CRASH FEARS

 

by Nadeem Walayat

themarketoracle.co.uk

December 21, 2007

 

"Britain's fourth biggest insurer, Friends Provident froze its Property Fund on Thursday, thereby denying over 110,000 investors the ability to liquidate their investments. The property fund has an estimated value of more than ?1.2 billion or $2.5 billions. The insurance company stated that investors will not be able to gain access to their funds for a period of six months due to a sharp fall in its cash reserves as investors took fright from the collapsing UK housing market, both residential and commercial."

 

Also:

 

"The reason for the freeze is clear, in that once the cash reserves have been consumed the funds would be forced to liquidate assets, which means sell properties. Do not imagine for a moment that the problem is restricted to Friends Provident. This applies to ALL commercial property funds that are seeing the smart money leaving the scene before the avalanche of redemptions begins resulting in sector wide freeze of unit trusts."

 

And:

 

"Investors should not delude themselves into thinking that just commercial property unit trusts will be hit, the contagion could spread across the whole unit trust sector if investors realise that when the times come to sell, the won't be able to. The last time we witnessed such panic was just 3 months ago when savers queued outside Northern Rock Bank to withdraw savings.

Unlike savings accounts, I cannot imagine how the FSA and Bank of England could step in to guarantee investors ability to liquidate assets. It is just not possible."

 

http://www.financialsense.com/fsu/editoria.../2007/1221.html

____________________________

 

The dominoes continue to fall...          :o

633990[/snapback]

 

 

As usual KW has been way away of the curve with his SRS trades. :D

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Wow! Wonderful!  If this is your first, you have a great change ahead of you, and I don't mean just diapers.  :lol:  Structure her world so that she finds success in most all she does.  Congratulations.  :D

634001[/snapback]

 

 

Well said. :D

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