CaptBob

Dollar Strength: An Illusion

When you create a program for 'Giving money" under what history has proven to be a false premise, you are wounding the Nations Economy.

Once wounded all the unethical jackals will rush in to feed while there is still meat on the corpse.

All are Fat--the economy is terminal. What we are now doing is trying to clone it back to life with transfusions to the bones, and the memory of what it was.

Let's hope the whole world sends flowers for a recovery, otherwise, prognosis is "Doubtful". And they don't hold it against us that our Jackals sold them some of the tainted meat.

Gold: Still Further to Drop

It will go down before it goes up---but it will go up!!

Trick is pick the bottom.
Simple: As soon as dollar demand dries up and inflation kicks in--or--whichever comes first.

Manipulation or Political smokescreen??-take your pick--Optional.

America Will Print as Much Money as It Takes

There are medications you discontinue because the side effects are worse than the disease you are curing.

This is one such instance--but there is but one recognized treatment- -PRINT!!!

Sadly the Patient died of inflation, complicated by choking on worthless currency.

Don't Take Over the Free Markets to Save Them

Now watch a whole new layer of Govt. bureaucracy grow like weeds around the banking industry, talk about parasites driving up costs and sapping profits.

And watch the Pols like Frank & Dodd line up at the trough for their piece.
With just a passing interest in Fakeie and Foolie they bled them white and bought votes from minorities with worthless mortgages till they were bankrupt.!!

If it ain't broke don't fix it--Change to if it works, break it.
Will the Commissars campaign ??.

Global Coordinated Rate Cut: Nice Try, but the Party Is Over

Mish: As usual you display your ability to display the obvious for review.

The world produced for an American consumer that knew no restraint.
Is there any Nation we had a positive trade balance with??

The American consumer lived a "why wait to enjoy" when I can just wait to pay. There was unlimited credit for the asking.

The Bankers discovered leveraging and packaging junk paper for sale under a (not yet explained) AAA rating to the unwary. Bonuses rolled in like tsunamis.

No one cared about inflation or fiat currency to meet the needs, you merely fudged the numbers.

Now everyones surprised we were feeding a Tiger behind all that smoke and now he's emerging----Hungry!!!.
Thanks again Mish, you smelled Tigger all the time. And his name is "The laws of economics" bait him at your Peril!!

Kevin Kerr on Copper and Corn

I still can't believe I paid that phony good money to hand me a net loss in 2007 when commodities were booming.

Sure he always had an excuse, but what he doesn't have any more are subscribers to his now defunct Resource Trader Alert.

I'm surprised he's still trading on his reserves of hot air and hasn't been forced into some form of legitimate employment.

Fortunately I maintained a large position in Gold which covered my foolish foray with KK. Even reading the above I regret as a complete waste of time. He should have a disclaimer--Follow the above advice with income you no longer need and at your peril.

Thought Experiment: Busting the Euro

Where would we be without strong Allies like France??.
Do they hear German boots on the border again???
Send them not a nickel less than a Billion $ for each French soldier by our side in Iraq.

Fed to Buy Commercial Paper?

SURE---GO AHEAD---SELL THE WHITE HOUSE!!!

then Obama moves in and Abu Dhabi wants a bailout on their sub-prime lease.

But first let Hillory back up the truck, there's a few pieces she missed the first time. And that other truckload we made her put back!!

Anticipated Inflation in a Deflationary Environment

At times of crisis such as this no-one knows anything for sure--Except the ship is going down!.

If it doesn't, it will be the first time in history any ship has sustained this amount of economic damage and sailed on unscathed.

When you witness these numbers of Fibonacci Rats deserting you can only draw the general conclusion, "She's going down".

To try and predict what direction the rats --(unless you know where land is)--will swim or how long the process will take has the same odds of a blindfolded dart hitting the bulls eye.

Just put on your life jacket -(gold)-and leave it on. Don't worry whether the seas will be choppy or calm in the short term.

U.S. Dollar: Best of the Worst?

At least this answers one question: Bush pushed for privatization of Social Security into the wonderful equity markets. Boy!, the Fibonacci rats are deserting that ship!.

Of course this is not a ringing endorsement of the present system, under which todays payers will get a nickel on the dollar, if they get that.
And take a look at that 4% inflation, which is your coat of living raise.

If the Wall street economists-(bankers)-i... collusion with our wonderful elected officials can produce such a cornucopia for the Serfs--
Bring back the Monarchy!.

Mark-to-Market vs. Mark-to-History

Just mark to what you know at the starting line:
Only politicians have the option to borrow first then borrow again to cover if it goes bad.

In the real world it's the opposite: If a home is your entry dream to the middle class, you don't get the home out of thin air (from your local politician) then look for a job to pay for it.

The first step--wherever you're sleeping, buy an alarm clock; now you're ready for a job!. Work and save for at least a few months--just to see if it fits into your lifestyle; If so NOW buy the home.

If you put in an honest application and have no problems, you might even be able to pay for it.

Now you have marked yourself to middle class value--not like the Govt. which does it backwards.

U.S. Dollar Hits a 13-Month High

Like the above where the title "Says it all" my article ie titled---
$700 billion worth of faith placed in "trustworthy"?? Banking Sector??.
No article needed!--elect a fool to congress"

5 Reasons Why the $700B Bailout Could Translate to $250 Oil

The logic is so simple and irrefutable, what's hard to understand is the presence of so many joyous skeptics standing under the thunderclouds without umbrellas saying "lovely weather what mate"?

Common Sense: My Solution to the Mortgage Crisis

Interest rates cannot be fixed in perpetuity but must reflect the cost of borrowing by the bank, 3% above cost would be more realistic. Otherwise homes become a way of raising cheap money in a time of hyperinflation/high interest rates. Also Banks would be forced to pile on the services/points to make the transaction profitable, and once embedded they don't go away when conditions permit.

Some good points tho I would add the following. Special residential mortgage licenses to small banks with borrowing privileges from the Fed, with a No co-mingling of funds proviso, this would reduce costs to home buyers in lower rates. Only X-# of approved banks per congressional district to keep them local and they must hold paper to maturity.

The Myth of the Credit Market 'Push'

If you think this is about the lender putting a couple of fibs on the application or being a few bucks short on due date--you've got a big surprise coming.

Wait till Macys Thanksgiving Parade and they trot out the balloon of all time--The Hedge Funds and Big Banks Leveraged Debt Derivatives Special--The bang from that Turkey will make this 700B pop look like a 1" firecracker against a 100's of Trillions$$ Hydrogen Bomb.

Just throw in the towel without all this fanfare---then execute the Bums.