Kelly Lieberman

The Coming Dollar Deflation

It looks like for the last 8 years everybody believed in the markets. The markets are down 31% !
If it were not for the bailouts, how many more people would be out of work? Do you understand how many people have lost their homes and are living on unemployment or living in tent cities? Do you have any clue how many Americans are literally living off their soon to be cut off credit cards?
Credit markets are tightening! Governors are meeting this very minute because they cannot balance their budgets. Historic sites, libraries etc.. are shutting down... America is broke. Our infrastructure is crumbling. We are trying to print our way out of this mess. Barack Obama just said on CNN that we cannot keep on printing money...
You have to look at the realities of the situation. You cannot "cheerlead" this economy out of this mess. The dollar is being propped by the Fed and the central banks as long as possible..and then what??
Are you prepared?

Look! A Gold Turnaround! (Not)

and yet....MSN reports:

The biggest single buyer of gold right now is likely China's central bank. China had amassed $1.8 trillion in official currency reserves by the end of June, much of it in U.S. Treasurys. Though the U.S. dollar has regained some strength lately, the International Monetary Fund, Warren Buffett and others still see the long-term trend as down. That's a big reason China watchers think the country is converting some of its cash into gold.

Map: World's largest gold buyers and sellers

China reported 600 metric tons of gold reserves at the end of June, or 1% of its total cash reserves. At today's prices, that's about $16 billion worth, or about 20 million ounces, less than half a percent of the estimated total gold in existence. Though Beijing is not reporting any addition of gold to its official reserves, some analysts at top trading and investment management firms believe China is quietly buying gold to diversify out of the dollar.

What we do know for sure is that Chinese citizens are increasing their purchases of gold. In 2007, Chinese retail investment in gold rose 63% to 32 metric tons, according to the Shanghai Gold Exchange, as China supplanted the U.S. as the second-largest consumer of gold. Also in 2007, China ended South Africa's 102-year reign as the largest gold producer in the world, taking the top spot as its production rose 8%, according to GFMS, a metals consulting company in the United Kingdom.

"Chinese consumption is growing," says Bill Reynolds

Something fishy afoot???

Gold (and Gartman) Haunting Some Investors

94 banks on the verge of collapse, FDIC left to insure people's savings, billions spent everyday on the war in Iraq and Afghanistan and the Black Ops elsewhere...coupled with everything Jason and others have already pointed out...
There comes a time when you take a look at the overwhelming evidence around you and there is the truth.
I have a friend when faced with the lipstick, lies and credit card charges still could not believe her husband's affair...not until the child and the paternity suit.....
It is time to face the facts that there is little hocus pocus left and the mess we are facing is around the corner.