Dirtt

Marc Faber: Equities Safer than Dollars

"The staggering amount of dollar-denominated debt in the system, $50 trillion or so, is a gigantic synthetic short against the dollar. If you're a publicly traded company and have $10 billion in bonds outstanding, you can't repay that debt in Euros or yen or pesos. You have to repay it in dollars, and if you have other currencies you have to sell them for dollars to repay the loan. So the dollar may go a lot higher in the short run if the economy starts to implode. After the carnage is over -- whenever that may be -- the dollar will likely sink into the sunset. "

Concur

The Chickens Come Home to Roost, But Have We Really Learned from Our Mistakes?

You have to laugh and find humor...otherwise we might seek other forms of expression.

Allen is "dead on balls accurate." We live on an island 3000 miles from the Port Of Los Angeles. Stockpiling food and water (and air for you in metropolitan areas) is critical. Thankfully we can grow all year.

Taxation Without Representation. The grass roots movement which commenced in 1764 may have seemed a little radical at the time. And what does it tell you when members of Congress say 85% of their constituents told them to vote NO but they still voted YES. Who in the hell are they working for anyway?

It's the year 2008. And when 85% of the voters say NO to this scale of taxation and those that represent us say YES what other mantra rings true?

When I say "keep the powder dry" I mean it in its contemporary form (pundits on Wall Street) and its historical form (real patriots...the Minutemen.) And perhaps the impending revolution will be a peaceful one. The pension funds for many in law enforcement suffered the same fate.

Tar and feathers for the BOLD FACE LIARS is a remedy I'd sign on to.

Bracing for Another Round of Credit Related Woes

The final wave of foreclosures has yet to pound the market. The most dubious and most sinister mortgages were made at peak prices. Housing inventories are about to swell.

"Unless you've been over-weighted Treasury bonds and oil futures since mid-2007 the odds are pretty high you're losing money"

Ultra short etf's are nice snacks.

Things You Would Never Have Said Eight Days Ago

"You simply have to suspend all logic at this moment or the market will send you to the insane asylum right quick"

This is how I felt in October 2007 when a great deal of the reporting this year should have started back then. But the engineered bottom is creeping closer and closer to the election. Who knows?

As the Games begin in China these 'games' may curtail as the rush to take capital gains taxes away from Pelosi and Gore becomes one of the final unspoken truths in 2008.

Offshore Troubles, Domestic Fears

Go back to sugar in 1968. Overlap the chart with oil today. $100 barrels? More like $80 - $50 after China is done throwing the Olympic party.

Pop goes the weasel.