sdavid0419

Fed Policy Becomes a Bourgeoisie Windfall

What hyper inflation? The just released cpi rose a mere .3% in Oct. Every bill I have received has gone up anywhere from 9 to 32%. In addition to the examples in my prior posts you can add a 26% increase in my automobile insurance. How do these b@stards get away with continually lying about inflation and using the lies to cheat the elderly out of their fair cost of living increases?

Why a Gold Bug Isn't Buying Gold Now

Big fast build ups usually do get followed by some profit taking. Nothing goes straight up. As to the market correcting in the short term that is another thing. I vividly remember tech stocks continuously climbing for several years with no logical reason before the bubble burst. The same for housing prices. Unemployment numbers (U2) absolutely do NOT support any further growth in the markets yet my anticipation is these guys will continue piling on until that bubble bursts also!!!!! As to the metals I'm a BUG too and I'm not currently buying or selling as I believe the coming inflation will determine where the top is and since we can't even get the government to acknowledge the inflation we will have to continue monitoring this ourselves.

What Gold's Breakout Means for Stocks

You seem to have hit on the printing of money as the reason for gold's current move yet you compared it to everything except the dollar. I'm thinking after years of sweeping our problems under the rug so to speak with deficit spending and IOU's in trust funds and unfunded liabilities we are now experiencing the perfect storm. We have no choice but to inflate our way out of our inability to pay as we go. I'm guessing stocks intrinsic value will determine if they inflate along with gold or suffer the same fate as the dollar.

Stock Market Overbought: What This Means for Silver and Gold

I was all ready to jump all over rick12345 when manaboutdallas did it so aptly in front of me. All I can add about fear mongering is the real numbers that I am seeing. 1.8 trillion deficit and growing. 56% of gnp going to sevice the debt. Growing (not shrinking) unemployement. A president hell bent on yet another BIG government program like the IOU's in the Soc Sec lock box or the out of control costs of Medicare aren't bad enough. I'm not mongering the fear I'm just reading the numbers and trembling!!!!!!

Speaking of Gold...

Inflation began when oil prices soared post Katrina. Then in what I call the pre-election collapse of oil prices actually caused deflation. Now oil is once again on its trek up as the oil companies spend millions to keep Congress from acting on T Boone Pickens alternative energy plan. At the same time the banks are paying off their government loans as fast as possible so they can get back into the poker game since the government has failed to take action to put an end to the risky behavior. Oh did I mention the banks are spending millions to keep congress from doing that.

I had some significant gains in gold's run up. I'm the type that takes a short profit and runs at the first sign of a sell off which is how I was able to get some gains. Somehow, I have resisted selling off my current position through several cycles as I am so sure that Mr. Bernakes printing of money will cause hyper inflation and that the gold I'm holding is only an insurance policy. I don't expect it to be worth a gazillion dollars like most gold bugs but I do feel it will be worth more than the dollar once inflation sets in and that is a fact I'm relatively certain of. I vividly remember the Regan years when I was not market savy and I don't want to go there again.

Inflation Likely to Win Tug of War with Deflation

Inflation has been under reported for years as the government has done everything from changing the way it is calculated to deliberately understating it and amending it up multiple times as less people are watching. Small businesses have eaten as much of this as they possibly could and then cleverly reduced the size of their products to hide increases in price. With the slow down in the economy the resistence to reduce prices is huge. In fact some are blatently raising prices that they feel they can get away with.

In the case of animal production for food we are seeing a dangerous situation where it is costing more to feed and raise an animal to maturity than they are fetching at market. Some are liquidating their stock creating a very short term period of cheap meat at the market. Short period that is since once we eat the cheap stuff there will be lots less meat coming in to replace it. I never thought I would see any cut of meat advertised at $10 per pound but that is happening more and more in the supermarkets.

The thing that amazes me is the given when governments print more money than revenues can cover it cheapens all of the money printed before it. ie. hyperinflation. This is a known economic law not an opinion or hypothesis. All of my friends keep telling me "I hope you are wrong" and are doing nothing to prepare for it.

Stocks Will Fall 37% or Gold Will Rally 60%

In order for GOLD to bubble Obama would have to STOP printing worthless money and immediately balance the budget. The floated plan going around is for a value added tax of 28% we already pay 17% income tax 7% soc sec tx 8% st inc tx 4% local inc tx 6.5% st sales tx 4.4% property tx alcohol, gas, licensing, util user fees etc. 5%. What a great incentive to get people to work. Let them keep less than 20% of what they make.

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.

'Too Far, Too Fast': A Look at Asset Classes

This market game is perfect for politicians. You can spin anything anyway you want. Take the GLD chart:

If you bought in July and sold in Nov you lost 30%

If you bought in Nov and sold in Feb you made 32%

If you bought prior to Jun you've basically been going sideways for a very long time.

To me GLD is a much more exciting investment than the countless securities that I've held in the past that either go down only for very long periods or worse yet sideways and don't pay dividends.

Will the Fed's Overkill Succeed?

good summary of everything I've been spousing for some time now. What I'm unclear about is the bottom line. Once we've printed all the money we can and bailed out all the people that should be going to jail and bankrupting innocent citizens begging our representatives to stop this insanity. What happens next? Do we become indentured servants to the creditors of the elected caval that chose to do this to us? In the great debate of the lie that "we have to do this because the alternative is not acceptable" I am quick to point out what we are really talking about since I have forced this debate to full conclusion with people that I consider intellegent enough to represent the opposing point of view. That is, should we allow big business to go bankrupt and start completely anew from the ashes with hopefully more honest and caring merchants or should we once again do wealth reassignment and bankrupt every US citizen of all their life savings along with untold generations to come (as if when they arrive they are going to be crazy enough to accept the fact that they are burdened with debt that had nothing to do to create) and save the crooks that put us in this position? You people that thought Obama's "CHANGE" meant from big business to private citizen could not have been more incorrect.

Weekly Outlook: Reading the Market Tea Leaves

I've been watching the GLD loop with great interest as it has become the only predictable thing in all of finance. Those that have recognized the loop and set buy and sell indicators near the top and bottom have had many successful trips and have not had to wait to awfully long for each cycle. I know that right now is the time when the government cheaters come in and sell short GLD that they don't have intent on taming the gold bull. Along with their shorts they set their bloggers loose with fear mongering commodity swing warnings as a smoke and mirrors cover up to their ill doings. Should you, me, or Martha Stewart do this (pump and dump) we go to jail but who's going to send the government to jail? But wait a second, I believe the time has come when the Fed's insistance on keeping interest rates artifically low making CD's, Tbills, and money markets impossible places to survive the sidelines. I say sidelines because I am predicting another 20-25% down on the dow over 8-24 months before the recovery could possibly begin. Throw in the larded up bill the house passed last week with 8 years of liberal democrats pent up tax and spend projects and hyperinflation is guaranteed. GLD is the only answer I can come up with and you know when the average guy on the street starts looking to get on the bandwagon the pump and dumpers are going to get burned big time. This could start as soon as the signature goes on the final version of the giveaway taxpayer money bill.

5 Reasons to Save the Greenback

I thought letting the dollar fall was the solution? With no controls on our borders our total population has made it hard for us to produce enough food to feed everyone so we have to import stuff we used to export. The inbalance in trade was impossible to curb without balancing our budget something the Bush administration demonstrated no desire to do. As long as Benacke's solution to our problems is to throw fuel on the fire (handing out free money thus piling on the runnaway debt) and to artificially keep interest rates low. The only solution is to print dollars and take your medicine as the chips fall.

Why I'm Not Worried About the Market

This would have been the perfect scheme (your novel) except the target wasn't the richest of the rich. From what I've read the hardest hit was the NY teachers pension fund. I was thinking similar to you but my reasoning was the very riche were becoming bothered by the nouveau rich usurping their playgrounds. Do you know what its like telling a bourgeois that you can't get him a super bowl ticket at any price? The way I'm seeing this is the upper middle class is taking the hit on this one. I'm kicking myself in the ass for buying a house I could afford when all I had to do was buy my mansion and let the government bail me out.