wes mantooth

Sucker's Rally Approaching an End

I agree with this article. No way we've seen the bottom. This was the biggest credit boom in history. It will be it's greatest bust.

How Scared Are Americans of Job Losses?

Unemployment is far higher than reported. This is not a mental recession.

Obama Helps China in Preparation for a Dollar Collapse

Nice personal attack. Contribute something constructive or piss off.


On Apr 05 09:46 AM WACG wrote:

> Nice hair hat. The only thing that would make it look more phony
> is a chin strap. Your thesis about Obama is phony also.

U.S. Debt Default, Dollar Collapse Altogether Likely

The good news is that if the dollar becomes worthless due to hyperinflation so do our personal debts. My mortgage is payable in dollars....not gold, silver, or Euros. Thank God I'll have wheelbarrows of dollars on hand.

Deep in D: The Deflation Battle Rages On

The oil spike this summer was not inflation. It was a deliberate attempt by the brokerage firms and the government to generate enough cash so that another Bear Stearns didn't occur since their business model was broken. Obviously they didn't steal enough to offset their leveraged losers.


On Jan 16 01:10 PM fatcat wrote:

> Housing prices started falling in mid 07,but inflation didn't really
> start cranking until mid 08,when gas went above 3.00.....also remember
> that the housing run-up was a bubble,just like oil..

Gold Set for Huge Rally

Some of the same people that bought gold at the beginning of this bust are now selling it to make their mortgage and increased tax payments. Gold will not break it's high until inflation takes hold. That's not happening right now and probably won't happen until 2010 at the earliest. Gold is currently in a trading range and I wouldn't touch it until it takes out at least $1,050 an ounce.

Is the Dollar Rally Over Now?

"I agree with Peter Schiff when he says that the US Dollar is a subprime currency"


And that is why Peter's advice has been catastrophic since this crisis started. I know it's popular to bash the dollar and I agree that it will fall over time but what's it going to fall against short term? This has been a losing trade since this crash began. Plenty more deleveraging left to unwind especially with unemployment picking up.

Peter Schiff Answers His Critics

Mr Schiff, I bought and read "Crash Proof" in November of 2007 based on the recommendation of a friend. In it, you strongly dismissed deflation as a possible outcome to our credit bubble bursting. As a fan of American history I was surprised by this. In almost every credit bust this country has ever experienced deflation has been the primary result. This flawed analysis coupled with your recommendation that people take equity out of their homes and invest with Europac (pg. 245) brought me to a single conclusion. You are a greedy charlatan playing on peoples' fears to line your own pockets. In fact your current efforts to turn Youtube into the Peter Schiff channel are particularly nauseating. Your attempts to portray your detractors as fools reeks of hypocrisy. Your results so far in this collapse (and lets not kid ourselves that it's not) can't possibly be worse than theirs. Keeps roping in the rubes though so I guess you are successful in that regard. Judging by your supporters here you may even be the Jim Jones of financial advisors. Even after a financial Guyana they still drink your Kool Aid. Amazing.

Also, much of the current criticism from Mish and other bloggers isn't brought on by your abysmal investment performance in this crash. It's your blowhard personality braying at full volume about how right you were that's the issue. A little humility is in order I'd say.

8 Important Facts About the Federal Reserve

"Uhh, no. Credit card companies are pulling back credit, banks aren't lending unless the borrower meets strict criteria, and companies and consumers don't want more credit.
How is it that all these articles on SA miss this obvious fact?"


I agree patio. I'm not sure why most people think this current environment will be so short in duration. If there isn't a credit-worthy borrower of the reserves the Fed is issuing then there is no printing.

Could the Dow Sink Another 50% by 2012?

And if asked when the Dow was at 14000 where gold would be at 7000 you would say "OMG it will easily be triple what it is now". If the Dow were to drop by another 50% it would mean deflation is still king and gold would most likely be lower too.


On Apr 05 11:28 AM Mutual Fund Wealth wrote:

> Personally I don't see the Dow going down at all and certainly not
> 50%
> If the market sunk to anywhere near the 3800 mark I can't imagine
> how high the price of Gold would go...
> Doug T
> www.mutualfundwealth.com/

This Is Just the Beginning

Every major country is deficit spending right now. Margin calls for cash are still happening and gathering steam as unemployment increases. All of this is bullish for the dollar. Peter may be right at some point but it will take a long time for this deleveraging to play out. Longer than he would like I suspect.

Peter Schiff's Euro Pacific Capital: Down 40-70% in 2008?

MGA_1:
I'm currently diversifying about half my portfolio out of cash and into commodities, emerging markets, and even some REITS. I'm not doing this because I know inflation is coming. I really don't know what's going to happen. I just know that after avoiding a bloodbath last year I need to start buying some of the most beaten down asset classes. I feel somewhat sick for doing so but it should pay off well in the long term. Hopefully.

Treasury Yields Hovering at Historic Lows

"I suspect that we will see a bond crash by the end of this year, as the amount of new debt issued overwhelms investors and as investors lose thier appetite for near zero yields on gov't debt."

Treasury yields may be zero but the increasing purchasing power of cash is the reward for holding them during deleveraging.

Is the Dollar Rally Over Now?

"The US people are not even aware that the only thing that holds together the USA is greed and ignorance."

"Many US citizens are already acquiring EU memberships. That will drive house prices in the US down and (maybe) up in Berlin, Germany, where house prices have fallen for a decade now because of eliminated subsidies to eliminate current accounts deficits."


Cinquero- These are contradictory statements. If they are not aware, why are they acquiring EU memberships?

Rick Santelli: The Best Five Minutes in CNBC History

Those countries also have homogeneous populations. Redistibution in a melting pot will usually result in a boiler.



On Feb 20 01:42 PM fahrender wrote:

> additional "Great Socialist Countries"
>
> Denmark
> Sweden
> Norway
> Finland
>
> in each of these countries the general populace lives comfortably.
> there is good infrastructure, medical and health care and an excellent
> education system. Finland, for one, is widely recognized as having
> the best education system in the world.
> i, for one, am a liberal and proud of it. in the minds of idiots
> like Rush Limbaugh and Sarah Palin i'm a communist. i'm 72 years
> old and i'm still working.
> it's the crudest sort of rightwing propaganda to equate laziness
> with liberalism as has been done on this comment stream. what is
> wrong with people who think like this? answer: brainwashed by the
> likes of Bill O'Reilly and Larry Kudlow.