BrunoT

Why I Got Gold Wrong

What bubble gum machine does one get his "expert" badge out of to post here? Come on. If you don't really have a handle on it post your thoughts on a regular chat board. You got this one about half right.

Yes, there's deflation in credit and some asset classes like RE, stocks, bonds, etc. But you completely fail to account for the fact that our govn't (and world govn'ts) are creating money out of thin air for TRILLIONS in bailouts and stimulous packages and nearly as much in routine deficit spending. This money printing will outweigh the loss of money from bank losses, as while the bank crisis will end the deficit spending will not and will even increase. If you think a $550B deficit is bad, wait till we're in full bore recession and tax revenues are way off. $1trillion deficits will become routine. They'll be paid for with printed money, hence.....massive inflation!

Now, if credit default swaps and other credit disasters occur they may dampen inflation for a while, but in the long run we're more like Zimbabwe than Switzerland in terms of our currency.

And quoting Cramer is like quoting a poop flinging monkey at the zoo. Type "don harrold cramer" into youtube search and watch Cramers lies and horrible calls for yourself.

Independence Day: Decoupling Gold and Silver from the Dollar

Too cute by half and too long by a mile. "you already know the answer"

How about not trying to win a pulitzer and just write concise informative columns? I already have investing BOOKS.