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Don Paul

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Posts posted by Don Paul

  1. Water and Sanitation

    My son is a Biologist and he has a dream to start a nonprofit to bring clean water and sanitation to developing countries. At the moment he works for the Phila water dept. and has spent his vacations for the past 4 years or so going to places like Haiti and Bolivia doing just that. I plan on helping him achieve his goal.

    Beyond that I will pay off my debt and peruse my life long passion which is music. Maybe start a recording studio and develop young talent.

    All the while I will be praising God for this blessing

    tell him to look up water.cc we're doing a lot of drills worldwide for people without water

  2. Jetpilotjim,

    I will take you and a friend for cruise in 41 foot Gulfstar sailboat for just a short ride in a P 51 or I will let you drive my Shelby Cobra on the Blue Ridge..you pick. I can be picked up at Grosse Ile, MI airport (George Sr. got his wings at this WWII air station) or Charleston, SC airport.

    Retired Officer

    ds2- I had a 65 Mustang Convert. all the numbers matched...great cars

    an original shelby cobra WOULD be nice. they are monsters...

    have a replica now - get a LOT of attention in Acapulco. But it has a mustang frame/engine in it now. think its a 318

  3. last night, I read a rather pointed article in the FT entitled, "IMF chief warns on exchange rate wars." Here's the basic premise:

    In their fight against the Great Recession, politicians and central bankers around the world have slashed interest rates, inflated their money supplies, and spent incalculable billions in fiscal stimulus.

    The measures aren't working. Growth in most of the developed world has sputtered, and policymakers are scratching their heads wondering what to do next. Conventional wisdom, if there is any, suggests more of the same-- more printing and more spending.

    Clearly, this course of action fits the classic definition of insanity: trying the same thing over and over again but expecting a different result.

    In their efforts to jump-start their respective economies, though, policymakers worldwide are stepping up their criticism and intervention in the foreign exchange market.

    The US, for example, is consciously choosing to depreciate the dollar by printing so much more of it. Over the last several months, investors have shied away from the greenback in favor of other currencies, including the euro, yen, franc, Aussie dollar, Canadian dollar, etc.

    The Canadian and Australian dollars, in fact, are essentially at parity with the USD, and the Swiss franc actually surpassed the US dollar. Meanwhile, the Japanese yen is at a 15-year high, and the euro has enjoyed a 17% surge since its low in May.

    To many foreign leaders, however, this outcome simply will not do. Olli Rehn, European Commissioner for Economic and Monetary Affairs, recently spoke out against the euro's rise and argued that continued euro strength will threaten Europe's economic recovery.

    Even in Switzerland, which is usually hailed for its independence and restraint, the national bank has attempted (and largely failed) to hold down the Swiss franc in its rapid ascent against the euro.

    Oceans away, the Japanese government has also intervened in the foreign exchange markets for the first time in years, selling vast amounts of yen in order to weaken their currency.

    So why is everyone doing this?

    With consumer spending on the decline in many parts of the world, manufacturers have little domestic demand for their products. Consequently, everyone is looking to export products overseas, and a weaker currency makes products seem cheaper and more attractive to foreign buyers.

    A strong currency is like a hot potato-- no one wants to be the nation with the strong currency because then the rest of the world won't import those products. Even some of the countries with healthy economies like South Korea and Brazil are trying to hold their currencies down... otherwise exports would suffer.

    In the past, the United States played global consumer. America had the strong currency, and the rest of the world happily exported products and services to the US. When the US trade and budget deficits got out of control, foreign countries obligingly purchased US debt in order to keep the party going.

    China was the biggest participant over the last few decades; the Chinese spent years working hard for 10 cents an hour to supply American consumers with cheap goods. In exchange for their efforts, they bought trillions of dollars of US debt... and amazingly enough, now Congress wants 'vengeance.'

    US politicians may escalate the currency wars by slapping hefty tariffs on Chinese imports, though this will likely be disastrous. Even if Chinese goods cost 50% more, American manufacturers still wouldn't be able to compete given US labor costs. In the end, the consumer will simply get stuck paying more.

    In the long run, the US has the ingredients to pull itself out of this production hole... but the trend for now is worse, not better. As such, it's a sure bet that policymakers will continue this ongoing battle to see who can debase their currency faster, and this has implications for us all.

    Though certain deflationary pressures still exist (such as the lack of a thriving consumer market in the developed world), the currency wars should have an impact on many commodities.

    Investors don't like currency debasement, so they'll be looking for reasonable stores of value. Gold and silver will continue to benefit until the mania phase takes hold, another short-term financial cataclysm occurs, or until particular governments make it illegal to own precious metals again.

    Agricultural commodities also have a lot to gain. In addition to monetary inflation creating upward pressure on nominal food prices, agriculture is also supported by strong supply/demand fundamentals.

    There are roughly 1 billion emerging middle class consumers in Asia, and it's a fact that dietary habits change significantly in proportion to discretionary income and spending.

    In a recent study, the Hong Kong Monetary Authority found that a 10% increase in household spending led to an 11.5% increase in spending for meat among Chinese consumers on the mainland.

    In addition to surging demand, there are also supply constraints such as higher input costs, reduction in arable land, soil erosion, idiotic government policies, and water availability. It's no wonder that BHP mounted a hostile takeover for Canadian fertilizer maker Potash Corporation.

    As I've argued before, I think agriculture is a smart place to be, both personally and financially. I strongly support the idea of holding a bit of land outside one's home country-- it can make for a great investment, an escape hatch, a means to move money offshore, and possibly a way to feed your family.

    (Simon Black) Sovereign man

  4. My momma told me when i hear things like this, just wear a tin pot on my head for a week, and it could not harm me and would soon go away. Sounds like you might need to try my momma's advice.

    dont usually take advice from people who cant read or write or dont have any teethes left

    perhaps you might like to tell that to reuters.com people were the story came from?

    • Upvote 2
  5. Wed Sep 15, 2010 11:44am EDT

    WHAT: Noted researcher Robert Hastings, author of UFOs and Nukes: Extraordinary Encounters at Nuclear Weapons Sites, will moderate a distinguished panel of former U.S. Air Force officers involved in UFO incidents at nuclear missile sites near Malmstrom, F.E. Warren, and Walker AFBs, as well as the nuclear weapons depot at RAF Bentwaters.

    WHEN: Monday, September 27, 2010

    12:30 p.m.

    WHERE: National Press Club

    Holeman Lounge

    Event open to credentialed media and Congressional staff only

    SOURCE Former U.S. Air Force Officer Robert Salas, and Researcher Robert Hastings

    U.S. Nuclear Weapons Have Been Compromised by Unidentified Aerial Objects

    PR Newswire

    WASHINGTON, Sept. 15

    Ex-military men say unknown intruders have monitored and even tampered with American nuclear missiles

    Group to call on U.S. Government to reveal the facts

    WASHINGTON, Sept. 15 /PRNewswire-USNewswire/ -- Witness testimony from more than 120 former or retired military personnel points to an ongoing and alarming intervention by unidentified aerial objects at nuclear weapons sites, as recently as 2003. In some cases, several nuclear missiles simultaneously and inexplicably malfunctioned while a disc-shaped object silently hovered nearby. Six former U.S. Air Force officers and one former enlisted man will break their silence about these events at the National Press Club and urge the government to publicly confirm their reality.

    One of them, ICBM launch officer Captain Robert Salas, was on duty during one missile disruption incident at Malmstrom Air Force Base and was ordered to never discuss it. Another participant, retired Col. Charles Halt, observed a disc-shaped object directing beams of light down into the RAF Bentwaters airbase in England and heard on the radio that they landed in the nuclear weapons storage area. Both men will provide stunning details about these events, and reveal how the U.S. military responded.

    Captain Salas notes, "The U.S. Air Force is lying about the national security implications of unidentified aerial objects at nuclear bases and we can prove it." Col. Halt adds, "I believe that the security services of both the United States and the United Kingdom have attempted—both then and now—to subvert the significance of what occurred at RAF Bentwaters by the use of well-practiced methods of disinformation."

    The group of witnesses and a leading researcher, who has brought them together for the first time, will discuss the national security implications of these and other alarmingly similar incidents and will urge the government to reveal all information about them. This is a public-awareness issue.

    Declassified U.S. government documents, to be distributed at the event, now substantiate the reality of UFO activity at nuclear weapons sites extending back to 1948. The press conference will also address present-day concerns about the abuse of government secrecy as well as the ongoing threat of nuclear weapons.

    WHO: Dwynne Arneson, USAF Lt. Col. Ret., communications center officer-in-charge

    Bruce Fenstermacher, former USAF nuclear missile launch officer

    Charles Halt, USAF Col. Ret., former deputy base commander

    Robert Hastings, researcher and author

    Robert Jamison, former USAF nuclear missile targeting officer

    Patrick McDonough, former USAF nuclear missile site geodetic surveyor

    Jerome Nelson, former USAF nuclear missile launch officer

    Robert Salas, former USAF nuclear missile launch officer

    http://www.reuters.com/article/idUS166901+15-Sep-2010+PRN20100915

  6. I just read why bankers are calling the IQD a scam. They are seing it as a scam, because there are people buying IQD beyond their means... Buying more than they can afford to SIT AND WAIT ON if this turns into a very long wait-and-see situation. Not that its a worthless speculation, but one that people are not considering the long-term time element possibility of it.

    What im saying is that they have clearly stated that it is not a worthless investment, but one that may not come to fruit with huge immediate returns, but one that may take a very long time to slowly climb in value (ie: post GOI sit down and chapter 7 lifted) in a worse case.

    so my question to you is, how much could you afford to spend and wait say a year to double your money (in a worse case scenario? - my opinion of it)

    what you come up with, is what I might consider buying...

    • Upvote 1
  7. FINALLY SOMEONE ON ANOTHER THREAD FINALLY EXPLAINED 'SCAM' BY THE BANKING COMMUNITY

    THEY ARE REFERRING TO A SCAM IN THE SENSE PEOPLE ARE PROBABLY OVER-BUYING THE DINARS ON HOPES OF A LARGE RETURN VERY QUICKLY

    SOMEONE ACTUALLY WAS TOLD THAT. THIS IS INCREDIBLY GOOD NEWS. IT MEANS ITS NOT A 'SCAM' PER SE, BUT JUST TOO 'SPECULATIVE' FOR THEIR

    COMMON ACCOUNT HOLDER 'FOLK' WHO MAY BE SPENDING THEIR LAST SAVINGS DOLLARS BUYING DINARS

    WHAT DOES IT CLEARLY TELL ME?

    1. DINAR WILL BE WORTH WHAT IT IS NOW AND PROBABLY MORE WHEN THEY GET THEIR GOV SET UP (WORSE CASE SCENARIO)

    2. WHAT YOU SPENT ON DINARS, WILL PROBABLY ALWAYS BE WORTH WHAT YOU PAID FOR IT - MINUS SPREAD (WORSE CASE SCENARIO)

    3. MEANS = YOU GET TO HAVE A CHANCE AT A HUGE RETURN WITH VIRTUALLY NO RISK

    (AND YES, I HAVE TO AGREE PEOPLE REALLY SHOULDNT BE SPENDING THEIR RENT MONEY ON IQD)

    IM JUST ECSTATIC TO KNOW THAT IS THE DEFINITION OF IQD 'SCAM' BY THE BANKSTERS...

    INCREDIBLE. BEST THING I HAVE HEARD/READ TODAY.

    • Upvote 1
  8. A teller at my bank (Sterling Savings) informed me that their regional fraud department manager recently visited their branch to notify them that this IQD investment is a scam. I asked them why they were participating in a scam. She became quite flustered, actually irritated, and said that the currency is not a scam but that we would never see a large return on our dinars. I have to admit that it did make me wonder if I am being foolish to believe in this. I see a lot of evidence that this really could be something big, but I also realize that I WANT it so much that my judgement may be swayed. However, if nothing has happened by 2011 I am going to lose some confidence in this. I will still keep my dinar in case, but I will have less hope. Anyone else have these thoughts?

    TBnhispower

    That was a great question you asked. They say its a scam but cant tell you how exactly. If the WORSE that can happen is that we wont see a LARGE return (or any in my opinion) is like saying CLEARLY - this is a NO LOOSE SITUATION. If it doesnt make a big return (within a short time??) but stays fairly the same, WHAT DID YOU RISK?

    Its the best news Ive heard lately. Ive been hearing about bankers saying 'scam' but no one stated HOW THEY SEE IT A SCAM> and youre saying they see it as a scam because people are being led to buy huge amounts of dinars on hopes of large returns. I thought it was something much worse!

    Points to consider here: Dont buy more than you can afford. Buy and forget. Worse case I resell back. wow

    • Upvote 3
  9. If you wanna make this a sure thing, just get ONE of these tellers/managers to give you something in writting that the Iraq Dinar is a scam.

    Since they have sold it in some other branches, they would be setting themselves up for a SERIOUS lawsuit.

    I dare ONE person to get this on their letterhead. If you do, you have a NO LOOSE situation.

    Just my opinion...

    but just 'heresay' from a teller wont be worth a cup of coffee. GET IT IN WRITING

    (ps; there is the possibility, since the Dinar is getting a lot of attention, the scammers are also on board trying to sell counterfits, or even try to sell you some via sight unseen, like the one poster on here that was trying to sell 5 mill dinar and got quickly debunked by some alert members who remember his name from other sites)

    • Upvote 1
  10. Why dont we borrow more money from the Fed Bank with interest to bail out the Bankers who in turn lent us the money back with interest.. again.

    Good plan.

    or even better, lets have a car-trade in incentive, but we'll pour acid in the used car engines so we remove 15 million cars from the used car part market and drive used car parts up 30% for the people who cant afford a trade in to begin with and the ones who traded a paid for car for a new one, now cant pay the new payments but have no car to fall back on.

    Good plan

  11. Jac I couldnt agree with you more.

    Debt based currencies have only a given lifespan. Guess it is easier to base the dollar on debt than on something tangible but limited.

    We rent our money from the Fed Reserve on top of that. Problem is that over-printing leads to inflation, which is just a fancy word of making the money in your pocket worth less. At least a pickpocket requires a physical effort.

    To Blue_duck

    I cant imagine how you would prefer a completely electronic money system.

    Do you realize that what you are now buying with your 'card' is already being added to your profile? hope you dont check out the wrong kinda books either.

    If having your bank account frozen now due to 'questionablbe' usage, without some cash you'd be dead in the water instantly...

    kinda loooonnng ways from being 'innocent till proven guilty' days

    and of course, you would then have to pay taxes (again) on even the stuff you sold in your garage sell. yea... sign me up

    • Upvote 2
  12. I have come across very credible information that gold is being artificially suppressed for some obvious reasons.

    If Soro's has an inside track to that information, then he is being a bit 2 faced.

    I also remember that in WW2, you could of bought a HOUSE for 5 GRAMS of gold.

    I just wonder if it still is the hedge of all hedges, considering that even the US government was caught selling tainted bars to China.

  13. Because I have read from several posters on DV that they plan to buy gold as a safety hedge and wanted to get their perspective particularly, as I feel more akin to their thinking than futures traders who are usually just specualtors who NEVER take possesion of the futues contracts when they come to expiration date. Much like day traders.

  14. KUWAIT

    From what I remember, the Kuw. dinar came out at around $2 and then shot up to $9 then settled at 3+ about a month thereafter.

    I do however think there are some key differences. Back then the Internet wasnt much of a factor and I assume there was NOWHERE the same volume of speculators in the mix, making

    liquidity and value movements much more volatile.

    I think with the instant information decreasing panic buying/selling, HEAVY volume of buyers/sellers, etc., will make this a much less volatile figure somewhat akin to the stock market where heavily traded stocks are more stable.

    • Upvote 3
  15. soros is a pile of crap that needs to be flushed down the toilet

    I was hoping this would develop into more of an intelligent discussion since gold IS at an all time high (well, within $5).

    Perhaps I can lead the way with something else:

    Even though gold and silver are high, once the Dow starts getting kicked downstairs to the 8,600 level (and lower) I expect that Gold and Silver will decline.

    But, while their nominal price will be coming down, what they will actually BUY seems likely to be shooting up.

    comments?

    Carpe Diem

    • Upvote 2
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