Responsibility

Is a Gold Correction Imminent?

The increase oil inventory has only limited meaning in the long run. US has to learn to live within its means (financially and energy-wise).

Inspite of all the uproar in this inventory rise, US has only reduced oil consumption by just a small 10% while US is still running a big trade deficit, a financially irresponsible situation.

The previous very high prices has been triggered by similarly small decrease in inventory. Imagine the big effect if people put efforts to really cut back on oil consumption in another 10%! Another 10% cut should be achievable when people understand the significance.

US living within its means is the important factor to put the financial situation in order, including the gold market.

The U.S. Dollar and Oil: Is an Endgame Near?

There are so many angry words directed at various things. Could it be that there are many things that need to change?

The facts seem to be reflected in words such as these: " - - -placed ourselves in jeopardy through years of fiscal delusion and self indulgence as policy. The worth and credibility of the US dollar reflects us and our national standards. We are the problem, not our choice of energy."

We over-consume, we indulge in blaming everyone but ourselves, we take advantage of others, we choice to take short term profits for personal gain over the well being of the public, we - - - -

Take for examples:
1. When we can afford, do we engage in excess consumption with no regard to environment, social effects, - - - needs of other who are less fortunate?
2. When we cannot afford, do we restraint from over-borrowing with no regard to responsibility to pay back?
3. When there are various means to solve this energy problem, do we help each other to use these means (gas, coal, nuclear, wind, solar, bio-fuel, - - - ) instead of opposing each other into inactions or costly competitions?

Let's take the first step by ourselves: reduce our energy consumption to a minimum (Believe it. Minimum is the right goal and remember it next time when you fail to car-pool or not take public transportation or turn up the heating or turn down AC or drive tens of miles for eating out or take air flights for distant vacation travels or throw out food or fail to encourage others to reduce their energy consumption or - - - ). Americans remain the top energy consumer on average, by a big margin.

Let's take the second step by educating ourselves and our children in means of energy saving/producing science and technologies, and by working in these industries.

Let's take the third step by not engaging or at least reducing in irresponsible actions: speculative investments in energy wasteful industries, participation in purposeless recreations (e.g. TV, movies, recreation parks, - - sorry that much of these have become meaningless), - - - - .

I sense certain awakening: this article's initial goal is apparently to promote speculative investments in natural gas for personal gains. The readers' responses turn into a debate on fixing the energy problem more than on investments for personal profit.

This is Not a Bull Market: Stocks Are Not Up, and They’re Headed Even Lower

We have many smart people advising people what to invest for personal gains, but these smart people have seldom advises for how to improve the econmy. I wonder how will buying gold or investing in gold or in commodities can create good jobs for people or reduce trade imbalance or balance the deficit.

May be our smart people should spend more efforts in the latter important things, other than for short term personal gains; at the end, even if one gains by investing in gold and commodities, the real gains are really very limited when all things are taken into considerations, unless there are progressive improvements in job creations, in real estate demands, and in general investments, including the stock markets.

Severe Dollar Depreciation Likely in the Coming Months

The value of gold is speculative. Because of decreasing (relatively) industrial usage of gold, the present value of gold is already high. Inflation is another thing, but inflation of home values is more justifiable than any further increase of gold value. U.S. holds more gold than any other country. I hope we do not irresponsibly allow gold to reach speculative price, like oil price a year ago, and create another problem. To rein in inflation, the simple responsible thing to do is to restrain consumption, cut down energy waste, cut down food waste, cut down costly vacations, cut down housing waste, cut down excessive pays to executives, and cut down our own greed.

Wall Street Breakfast: Must-Know News

To encourage people to be responsible, we should have tax penalty and special points for future loans on load defaulters and tax incentive to people who keep their mortgages, to those who take on new mortgages, and to those who increase their mortgages, similar to tax on big cars and incentives for small/hybrid cars. Please spread this if you agree so that the politicians will do something.

Feddie Pay: The Reality of the Bailout World

To encourage people to be responsible, we should have tax penalty and special points for future loans on load defaulters and tax incentive to people who keep their mortgages, to those who take on new mortgages, and to those who increase their mortgages, similar to tax on big cars and incentives for small/hybrid cars. Please spread this if you agree so that the politicians will do something.