Moon Kil Woong

Why Long Term Investors Should Consider Buying

TARP = transactions approved for rich panderers (chiefly big banks, Goldman, and JP Morgan). Until the government stops burning the US money the money supply is going to do nothing but shrink. CDS liability is $40+ trillion still. Who has it? That's the overhang. Maybe a few more trillion must be burned to clear the hidden liability. Until then no one trusts anyone since we know AIG, Goldman,Citi, JP Morgan, Morgan Stanley, etc. all have a lot of it to clear and it will be paid by banks loaning less and writing off more unless they get taxpayers to pay it off for them.

I'll wait until next year to get all rosy and cheerful. Then it might be worthwhile to buy if inflation reverses and starts going through the roof from the Fed dumping trillions into the market without government regulation. Wonderful system right. A non-government institution with the rights to print more money than the national deficit whenever it wants without supervision of congressional approval. Stick it with a President that hires regulators that encourages no regulation, and a congress that shuns any of their duties (was a Republican one for 6 years, now is a Democratic one with no backbone so I'm not being partisan), and you have a mess comprable to any other 3rd world country. I think the US should be called New Argentina.