When one looks at the big picture -700 unemployed applying for a janitors job, 1,000's of Americans homeless and moving in with family or worse tent cities, millions of people out of work... you have to be realistic. The domino effect has just begun and it is racing around the entire globe. The world is not only on a precarious financial precipic, but we also have a myriad of security issues to worry about. Along with that, add in the usual natural disasters we can count on every year, and the growing discontent,frustration and fear in the world's population. Tell me, do you really think that the day to day ups and downs of the dow will make a difference in 99% of the world's population? Traders are making money whether the market goes up or down but the average guy in the street with no money and no job still doesn't have money to spend. Meanwhile, more jobs are lost every month, and the cycle continues. Unfortunately, this crisis is not over and we will continue to see fluctuations in the market. Have your stops in place...
Gaza War: Expect a Spike in Oil, Gold [View article]
The dollar rose in fact due to the "Great Sell-off" as everyone and their brother sold everything they owned to get cash to make their calls, pay debt, and try and save their declining market investments. The FDIC will be moving in on Team Bank this week -watch your news- and you will likely see a flurry of more bank failures. As the Govt. sells more treasuries and bonds secured by the full faith and credit of the US Govt., (that is a hoot!) backed by freshly printed currency, the dollar will lose it's following. When it does, all hell will break loose. What will you be holding when that happens?
Gold Stocks: Why It's All About the Bottom Line [View article]
Actually, a decent strategy for most investments, all things being equal...
When the FDIC gets into the "marketing" game by trying to calm investors fears of bank failures by "insuring" deposits up to $250,000, I would say that is the entry point for gold.
Unfortunately, the FDIC does not have enough money to insure even a portion of all deposits currently in banks - not at $100,000, or magically now at $250,000. It is a marketing ploy to make you feel secure.
Many people are seeing right through this sham and and are employing new strategies for their money. Gold is a safe haven in a very uncertain time. With over 500,000 more people unemployed in November and the ripple effect just beginning, the tsunami has not hit yet. It only picks up speed and intensity from here.
I would urge everyone to make some economic disaster plans pretty rapidly.
I am so encouraged to see that our Government is going to save us!! Who knew that there was no limit to the number of institutions they can bail out!! I think that my family is on that list somewhere- I know that they won't let me down! I mean I know that the country is broke and I know that the country is in debt but they just keep printing more money! I admire that they are working so hard for all of us... you know, keeping those printing presses going all night. Those poor fellas working all those long hours at the Fed to create all that money! Good for us that we have such smart people working for us. I sleep so well at night knowing that our Government will make sure that the top people in those companies that failed us get to keep their millions... because you know, I am sure they were just trying to do their job. It's good to know that the Govt. understands all that.. I think that we should all just sell our gold and silver and rest assured that when they promise us everything will be alright, it will be. Why...we could just go spend our money on some banking stocks! I think they said that if the banks fail they will cover the deposits...so it seems like it no matter what we invest in - we win!!! Wow!! This market rocks!!!
Commodities: Brief Correction or Bursting Bubble? [View article]
Let's all just use the Feds favorite tool of choice and print more money!!! Hey, it's worked before, and look at all the stuff we all have and all the fat cats enjoying it!! Who really cares that the future generations will be living in slums because foreign countries own every bit of our country and can hold us hostage by threatening to call our debts in...
Party on like there is no tomorrow! Besides, nothing really seems wrong anymore. Everybody is a crook and gets a bailout, why not us??
Excuse me while I go run up some more purchases on my credit cards!!
If This Comes True, You'll Be Glad You Own Gold & Silver [View article]
"The dollar is not going to lose its place as the reserve currency. Horse sense people, not horse blinders. Even George Soros doesn't think people are going to sell their dollars... there is nothing to put the value in if not dollars. "
You have got to be kidding yourself. There are antique dealers and diamond traders in Manhattan that will only accept Euros now. if you have travelled abroad in the last 6 months you would know that no one is taking dollars on the street anymore.. just Euros. If you deal in the black market overseas (Vietnam, Cambodia etc..) it's gold or gemstones. Even the criminals are too smart to take the dollar! Gold is being held down by manipulation as a false front to prop the dollar and for a few central banks to profit. Please see link: www.gata.org/files/Rod... When all breaks loose as it will....what will you be holding?
How the U.S. Financial Crisis Resembles Japan’s 'Lost Decade' - And How to Play It, Part II [View article]
The biggest problem I see is that the man in the street who has their money in the market or carelessly leaves it sitting in the bank, or lives paycheck to paycheck for the most part, are the true drivers of the economy in the long run. All the manipulation of markets, printing of new dollars, charts and forecasts will fail when that regular guy gets nervous. When he has spent his credit limit and can no longer afford to fill up his Toyota, or pay his sub prime mortgage or pay for food for his 2.4 kids - this gig is up. That time is here. Look out the window, take a drive to the suburbs.. Not the ones we live in... the one a few miles away. That is the pulse of this country and we are about to have a heart attack. The average Joe isn't going to make it. They won't be buying oil, or food or clothes unless it is with some new fangled food stamps. The slightly more than average Joe who may have some retirement money left in the market or in the bank will bail and buy the only thing he knows. Gold. Most of the world just doesn't read this stuff....that's what you have to remember when making your own play....
Gold Is Going to Gain [View article]
The world is not only on a precarious financial precipic, but we also have a myriad of security issues to worry about. Along with that, add in the usual natural disasters we can count on every year, and the growing discontent,frustration and fear in the world's population.
Tell me, do you really think that the day to day ups and downs of the dow will make a difference in 99% of the world's population? Traders are making money whether the market goes up or down but the average guy in the street with no money and no job still doesn't have money to spend. Meanwhile, more jobs are lost every month, and the cycle continues. Unfortunately, this crisis is not over and we will continue to see fluctuations in the market. Have your stops in place...
Gaza War: Expect a Spike in Oil, Gold [View article]
The FDIC will be moving in on Team Bank this week -watch your news- and you will likely see a flurry of more bank failures. As the Govt. sells more treasuries and bonds secured by the full faith and credit of the US Govt., (that is a hoot!) backed by freshly printed currency, the dollar will lose it's following. When it does, all hell will break loose. What will you be holding when that happens?
Gold Stocks: Why It's All About the Bottom Line [View article]
When the FDIC gets into the "marketing" game by trying to calm investors fears of bank failures by "insuring" deposits up to $250,000, I would say that is the entry point for gold.
Unfortunately, the FDIC does not have enough money to insure even a portion of all deposits currently in banks - not at $100,000, or magically now at $250,000. It is a marketing ploy to make you feel secure.
Many people are seeing right through this sham and and are employing new strategies for their money. Gold is a safe haven in a very uncertain time. With over 500,000 more people unemployed in November and the ripple effect just beginning, the tsunami has not hit yet. It only picks up speed and intensity from here.
I would urge everyone to make some economic disaster plans pretty rapidly.
Gold Prices Finally Catch Fire [View article]
Who knew that there was no limit to the number of institutions they can bail out!! I think that my family is on that list somewhere- I know that they won't let me down!
I mean I know that the country is broke and I know that the country is in debt but they just keep printing more money! I admire that they are working so hard for all of us... you know, keeping those printing presses going all night. Those poor fellas working all those long hours at the Fed to create all that money! Good for us that we have such smart people working for us. I sleep so well at night knowing that our Government will make sure that the top people in those companies that failed us get to keep their millions... because you know, I am sure they were just trying to do their job. It's good to know that the Govt. understands all that..
I think that we should all just sell our gold and silver and rest assured that when they promise us everything will be alright, it will be. Why...we could just go spend our money on some banking stocks! I think they said that if the banks fail they will cover the deposits...so it seems like it no matter what we invest in - we win!!! Wow!! This market rocks!!!
Commodities: Brief Correction or Bursting Bubble? [View article]
Hey, it's worked before, and look at all the stuff we all have and all the fat cats enjoying it!! Who really cares that the future generations will be living in slums because foreign countries own every bit of our country and can hold us hostage by threatening to call our debts in...
Party on like there is no tomorrow! Besides, nothing really seems wrong anymore. Everybody is a crook and gets a bailout, why not us??
Excuse me while I go run up some more purchases on my credit cards!!
If This Comes True, You'll Be Glad You Own Gold & Silver [View article]
You have got to be kidding yourself. There are antique dealers and diamond traders in Manhattan that will only accept Euros now. if you have travelled abroad in the last 6 months you would know that no one is taking dollars on the street anymore.. just Euros. If you deal in the black market overseas (Vietnam, Cambodia etc..) it's gold or gemstones. Even the criminals are too smart to take the dollar!
Gold is being held down by manipulation as a false front to prop the dollar and for a few central banks to profit. Please see link:
www.gata.org/files/Rod...
When all breaks loose as it will....what will you be holding?
How the U.S. Financial Crisis Resembles Japan’s 'Lost Decade' - And How to Play It, Part II [View article]
All the manipulation of markets, printing of new dollars, charts and forecasts will fail when that regular guy gets nervous. When he has spent his credit limit and can no longer afford to fill up his Toyota, or pay his sub prime mortgage or pay for food for his 2.4 kids - this gig is up.
That time is here. Look out the window, take a drive to the suburbs.. Not the ones we live in... the one a few miles away. That is the pulse of this country and we are about to have a heart attack.
The average Joe isn't going to make it. They won't be buying oil, or food or clothes unless it is with some new fangled food stamps. The slightly more than average Joe who may have some retirement money left in the market or in the bank will bail and buy the only thing he knows. Gold.
Most of the world just doesn't read this stuff....that's what you have to remember when making your own play....