digitaldorobo

Enlightening the Gold Bugs

User 10755: Wouldn't gold depletion result in increased price? You know---the old supply and demand thing?

Jon Stewart on CNBC's 'Worthlessness'

How the hell do people expect anyone (Obama) to fix decades of fiscal mismanagement and obfuscation in six weeks (that's when Obama was sworn in).

This mindset of instant gratification and impatience is what got us into this mess in the first place.

When you do your Spring cleaning, your house always looks messier at first.




On Mar 05 10:25 AM ED K wrote:

> Cramer was a avid supporter of OBama now he's blaming him for all
> our ills,it's kind of like his stock picks,loves em' today and hates
> em' the next day.

What Is Going On With Gold?

Kind of like being the prettiest waitress at a Denny's restaurant...


On Jan 08 07:13 AM GORILLA800 wrote:

> But all fiat currencies are basically worthless and the dollar wins
> by default .Not a great reason to be in fiats.

Learning from Canada Is Not Un-American

Thank you so much for this article.

We in Canada have been watching the economic bloodshed with amazement.

We are not a socialist country; we are simply a little to the left. It shocks us when American's polarize any country that is different e.g. 'Canada is too socialist/ is communist.'

What has this enabled us to do?
-increase regulation of predatory capitalism--the very type that creates a parasitic elite that destroys an economy, and its country, in the end
-increase the quality and coverage of healthcare (my family of four pays less than $100 per month for excellent care)
-keep businesses competitive through lower healthcare plan costs
-teach personal responsibility through realistic mortgage requirements
-kept our crime and murder rate to a much, much lower level
-increase the quality and breadth of our educational system

How have we done this? By looking around the world at what works and what doesn't and then adapting.

I know I will probably get a lot of thumbs down for this post. But, before you hit the button, ask yourself if knee-jerk jingoistic U.S. hubris in 'sticking to its guns' or 'don't mess with Texas' is part of the reason it is where it is right now.

Anyone who thinks they can't learn from others is doomed to fall behind.

Cheers

Bernanke and Obama's Spending Schemes Could Ruin U.S. Economy

Nice ranting aticle

When you put that much bias and emotion into a financial article, many of us will simply line the birdcage with it.

Put your thinking hat on a little tighter.

Gold: Wealthy Investors Want Bars, Not Paper

I can't afford gold bars and I am not stupid enough to invest in paper gold (GLD) or silver (SLV) so I bought into Central Fund of Canada Limited. It is independently audited twice a year to ensure that it holds aroun 95% of its worth in physical gold and silver.

Better yet, I buy it on the Canadian exchange so my money stays in Canadian dollars rather than the soon-to-be-worthless US dollars.
Central Fund of Canada Limited(Public, TSE:CEF.A)

However, if you insist upon buying it on a US exchange: Central Fund of Canada Limited (USA)(Public, AMEX:CEF)

Check it out on Yahoo: finance.google.ca/fina...

Good luck all. Batten down the hatches...

Another Dr. Doom: Peter Schiff

Unfortunately, most Americans don't really they rank last and almost last in most internationally recognized statistics among the industrialized nations e.g. infant mortality, ROI on education, poverty, health care, child care services, high murder rate, crime, quality of life, etc. Of course, this isn't taught in your schools. And the govt sure doesn't want to admit it.

It seems Americans get their international geography and knowledge only when they start a war.

Look outside your own country as "the fish doesn't know it is swimming in water."

The Norman Rockwell 1950s are over. Stop with the knee-jerk jingoism.

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On Jan 08 09:31 AM User 55065 wrote:

> Well Dr Bosun, you need data..rah rah..! Ever looked into why the
> US has the highest per capita consumption of energy, consumer goods,
> transportation, ...because US consumer can afford it--and afford
> it easier than any other country. Ever wonder why US has the highest
> per acre food production in the world, why US companies develop
> most new pharmaceuticals, why does every goods maker target US as
> the main market to sell into? You really need data..I thought you
> were knowledgable enough to know such simple facts. Yes, I may be
> somewhat biased in favor of the US, but only because I have not found
> a better place to live, at least so far. Any suggestions?? I am
> not ready to move to China or India or even France or Sweden--last
> time I visited them, US was still a better place to be.

Another Tough Month

Are the voices in your head making you so paranoid? It's guys like you that are running out and buying all the ammo.


On Feb 28 11:34 PM Big K wrote:

> February will seem like a gentle month compared to what is in store
> for this overpriced market. The economy is shutting down. The new
> administration is using this as an excuse to seize communistic power
> and raise taxes on anything that is still profitable. Economy to
> shrink 15% this year, 15% next year and 15% the following year. Then
> the bottom is really going to fall out. The US government will be
> bankrupt, democracy will end, and we will be under a communistic
> dictatorship. Goodbye to the American experiment. Hello Amerika!
> The stock market has no bottom and no place in the future of this
> country. The population will be reduced to foraging in the woods
> and wilderness for edible mushrooms and insects. Convert all your
> money to gold. It must be physical gold in your possession. Paper
> gold stocks/assets will not be worth anything. The government will
> try to get your gold, so hide it and don't tell anyone you have it.

Socialized: The Other Buzzword

"Canada has a 100% nationalized health care system."

If you truly knew the Canadian system as you say you do, you would know that there are private clinics at which you can pay directly to get an MRI, Cat Scan faster.

As for the number of Canadian drug companies, what does that have to do with anything? Let's say it's zero and that ALL the successful drug manufacturers are in the US. Then why, in your streamlined, successful private health care, do you pay twice as much for medication and many times as much for health care in general?

Answer: unbridled greed. The same greed that lobbies Congress to not allow African nations to produce generic versions that would save hundreds of thousands of lives every year because people would then actually be able to afford the pills.

Grab a clue.

On Feb 28 08:43 PM atlasman wrote:

> How is that? Canada has a 100% nationalized health care system. Your
> example supports my comment completely. Wish I had thought of it.
>
>
> I ran sales and marketing for a very successful Canadian company
> and am very familiar with the pros and cons of their health care
> system. I am guessing you are familiar with the pros. Do you really
> understand the cons? I do not have the time to go through it in detail
> but let me ask one question for now:
>
> How many drug companies does Canada have in the top 50 in the world?
>
>
> en.wikipedia.org/wiki/...
>
> There are no free lunches unless you are receiving an Obama housing
> bailout. There are consequences to every decision and I strongly
> suggestion the country thinks through them in depth and detail before
> they dive in to his version of change.
>
> On Feb 28 07:11 PM digitaldorobo wrote:

Socialized: The Other Buzzword

"no one respects Canada''

Ummmm...you mean the same Canada that created U.N. Peacekeeping for which we received the Nobel Peace Prize? (en.wikipedia.org/wiki/...)

The same Canada that has lost so many soldiers in Afghanistan?

The same Canada that was the destination for much of the Underground Railroad?

Yeah---we're total pricks.




On Feb 28 08:03 PM kelticman31 wrote:

> Yes, So we in the US can be loved and respected around the World..
> much like Canada! Oh, wait no one respects Canada..that's why you
> guys are so nice to everyone..YOU HAVE to.

Welcome to 'Ermflation'

What's wrong with socialized healthcare? Here in Canada we have universal healthcare (and I don't know any Communist Party members, lol).

Is it better for an economy if people go bankrupt by not being able to pay their medical bills?



On Jan 10 01:17 PM Steve in Greensboro wrote:

> Sell signal, big time.
>
> Note the +2 -5 on my comment about Bambi being more socialist and
> clueless than our RINO-in-chief Bush. This shows that there are a
> lot of people who have ridden the market down during 2008, expecting
> that the Obamessiah will solve things. They are going to get hammered
> further in 2009 (along with any who is long U.S. equities) as Bambi
> and his fellow Democrat-rocket-scient... in the Congress implement
> their green technologies, union-card-check, socialized healthcare,
> etc.
>
> Sell, sell, sell U.S. equities during 2009 and then U.S. dollar denominated
> assets generally in 2010 as inflation kicks in.

Socialized: The Other Buzzword

Communism? Wow---a little black and white wouldn't you say?

How's that strict capitalism working out for you guys?


On Feb 28 09:17 AM cabaretewilliam wrote:

> Another example of using communism to try to rescue capitalism, and
> in the end replace capitalism!

Socialized: The Other Buzzword

Yet again, more jingoism to capitalism. Why do people like you see only polar opposites?

Canada has done very well with government control over healthcare while letting other sectors be privately run.

Your 'all-or-nothing'' perspective is out of whack with the majority of countries outside your borders. But, if more Americans had realized there is a successful reality outside of your borders, you might not be where you are right now.




On Feb 28 08:46 AM atlasman wrote:

> You cannot soicialize a piece of the financial market. It really
> is an all or nothing propisition as Fannie Mae and Frddie Mac showed.
> Once government takes over one bank, they will use their competitive
> cost advantage with rates to slowly take over the market and puish
> the remaining banks aside. So which is it, socialize the entire financial
> system or let capitolism reign. It really is one or the other. You
> cannot thread the needle and have the best of both worlds.

America: Is This the End of an Era?

Ummm...there weren't waves of Buddhist monks torching themselves. Nice exaggeration.

"Japan has always been tolerant of a number of religions" -- wrong. Another nice exaggeration.

As for prejudice, I lived there for five years and can tell you it is quite real, especially against blacks and south east asians. WWII brought the Bataan Death March and Nanking massacre among others.

If you are going to make an argument, support it with facts, not fiction.


On Jan 10 10:43 AM anarchist wrote:

> Nice to hear from a student of history. I seem to remember waves
> of Buddhist monks torching themselves in Vietnam in protest of the
> U.S. presence. Have you ever been it Japan? Japan has always been
> tolerant of a number of religions including the Buddhist. I have
> a friend who was raised in Japan during the second world war, his
> mother an American and his father German and they were never harassed
> or sent to a detention center unlike the good ole US of A where panic
> and ethnic hate overruled common sense - kind of like now (viva guantanamo
> eh iThinkBig?).

Here Come the ZIRP

"that's what democrats do: they spend money. In fact,
> they're good at it."

Drop your knee-jerk republicansim.

Take a look at the massive spending during Reagan, Bush Sr., and Bush Jr's terms. They outspent the Democrats by far and put the US in deep debt.

Stop blaming Democrats or anyone else.




On Dec 18 10:01 AM D. McHattie wrote:

> Well, we know that the Obama administration has the support of Congress
> in passing a massive fiscal stimulus package, right? Not judging
> anyone but that's what democrats do: they spend money. In fact,
> they're good at it.
>
> Sure, there will be a metric tonne of waste and I'm sure the usual
> suspects will line up at the trough for their ration of pork. But
> the fiat currency will enter the system and it will get spent.<br/>
>
> It seems to me, in light of this, we shouldn't be waiting years for
> a resumption of inflation.