fuzzywzhe

Old Media and Glossy Fluff Both Lose Ground - Pew

Wow, people aren't listening to AP (American Propaganda) or Reuters (who the hell owns them anyhow? Where is their office?)

Oh no!

Maybe we won't have to go to war with Iran because they are a big bad country?

What's Going On with Precious Metals?

Yes, you should be buying at these levels. I entered the market of silver at $14, and sold on a stop loss of $17 after it retracted from $12. I've re-entered at $13.

I should also note, I've sold none of my physical coins holdings, and I likely never will.

Enjoy These 'Dollar Days' - But Will They Last?

In a country:

* that spends $600 billion a year on it's military (that's more than the rest of the world combined spends on their military) and is still unable to win 2 wars in 2 spitoons of a country in the Middle East


* that has a 20 trillion dollar obligation to pay out to the Worst Generation - the boomers over the next 30 years in SS and Medicaid.

* that has a national debt of 10 trillion dollars, and absolutely no way of paying it back

* and it entirely dependent on outside foreign energy...

I really don't expect the dollar has any fundamentals going for it, at all.

And let me point out that the very foundation of our monetary system is based on housing - nearly all the money you send to a bank is invested in mortgages in some way or another, and this is done in a fractional reserve banking system where the fractional reserve is just 10%.

The panic has yet to begin in my opinion. But whatever, live it up while you can. I guess ignorance is bliss.

Jim Cramer's 10 Predictions for 2008

I know it's very hard for everybody to accept but:

"Information" fed to you by commercial advertising on television isn't information at all. It's designed to sell products, not to inform you. The only thing that the network cares about his Nielson Ratings, not his accuracy.

This goes for all "news" on television. If lying about weapons of mass destruction gets viewership, they'll do it. And if talking about Afghanistan reduces viewership, they won't do it. They are in the business of making money through ad revenue, not to inform you.

If you want to know what is going on, you're currently sitting in front of the most powerful communication tool ever created by mankind. It's not just for porn anymore. Make some use of it, stupid.

But there is an good side to all of this - it's a lot easier for me to make money when there are so many stupid traders in the market. A lot easier. I suppose I should be grateful for the idiot box churning out so many idiots.

Odds of Default: Ambac 73% MBIA 71%

Although I accept Ambac should go bankrupt - based on the government's abhorrent pattern of behavior to use tax payer money to save companies from their bad decisions for the supposed common good, I expect they'll do the same stupid thing with Ambac.

I could be wrong, but this government has for the last 3 decades has socialized risk for companies that are deemed "important", and has allowed these companies to privative profits. It's called fascism.

At these levels you may as well dip your toe into the water. They might even get down to a penny stock, and if they do - buy some, what the hell? It's a gamble I admit, but if Ambac returns to just 40, which is their pre mania value, you'll make a hefty profit.