sdavid0419

Why Leveraged and Derivatives-Based ETFs Are Dangerous

When oil was rising with no end in sight I bought the oil up fund thinking it was a no brainer. After I thought about it I dumped it for a short term gain figuring what would happen if either the up fund or the down fund got to zero. I didn't want to find out.

With the gold etf's and the future's trading thereof it opens the door for serious foul play. Its a known fact that there is not enough known gold in the world to back all of the US dollars being printed by Mr. Bernanke. Yet with derivatives like this and the other metal funds the Maddoff types can manipulate the amount of gold needed to back such paper money without it existing.

The Vicious Circle of a Falling Dollar

You get it. I get it. T. Boone Pickens gets it. What the heck do we have to do to overcome the oil interests and get through to our elected officials?

It is difficult to push alternatives when a solar generator that produces 1700 watts of power costs $1200 compared to a gasoline powered one that delivers 5000 watts of power costing $500. I get it that I'm saving $13 every time I use the solar generator what I don't get is having to pick one or two items to keep on during a power shortage. The 5000 watts has barely gotten me by. As to wind power there are lots of hits on google but very little specific information as to cost and the amount of power they generate.

Gold, and Its Ratios, on the Move

I can only hope that China GOLD and their desire for a currency tied to GOLD will break the backs of the GOLD manipulators. Not only is some unidentified entity doing what the Hunt bro's did and are getting away with it. There is a host of spin bloggers all over the internet fear mongering against gold. If you believe we will see a bottom to the worst recession of our(my) life time by the end of the year I have some swamp land in NJ you might be interested in. There will be zero JOB creation and layoffs will continue. Not to mention all of the small caps nickle and diming day to day activity trying to wait things out. Last night on the news they featured a couple that had both been laid off from good jobs. The woman was able to get part time Wal Mart work and the 18 yo son was paying half the mortgage. Since job creation will still be zero by year end I'm guessing the 18 yo son won't be able to save that mortgage all by himself. ie. another wave of for feitures and short sales of homes...more jobs lost, etc. For all of the Obama we have to do this NOW spending program...NOW is taking forever and only a TN lawyer understands who gets what. So much for quickness. As to SILVER when its used as a catalyst to purify water it is lost in the process. Since there have been very few new SILVER finds those of us hording a little SILVER will be in a good position as long as a big new vein isn't discovered. Heck even all those old sivler quaters in the vault are going to finally be worth something.