O-B-WON

Another Crisis Looms Right Around the Corner

Gold.. ie metals... are only a part of diversification plan.. I would venture a guess that you've never heard about black swans...


On Nov 25 02:34 PM airglow wrote:

> I can’t believe how many Wing Nut doomsday cult members are out there
> reading Seeking Alpha.
>
> I don’t know where you got your Debt to GDP ratio number, but it
> is off by a factor of 4.
>
> en.wikipedia.org/wiki/...
>
> The actual US Debt to GDP ratio is about 70%, even after the huge
> deficits of 2008 and 2009.
>
> Japan’s Debt to GDP ratio is about 200%, I don’t see mass starvation
> or hyper inflation in Japan; please explain how Japan has managed
> to keep its country from falling into anarchy over the last 20 years?
>
>
> Why would anyone buy Gold? I know it was money for most of the history
> of civilization, but it hasn’t been for several generations. Do all
> of you doomer Wing Nuts believe we will revert to using Gold as Money?
> If it gets as bad as the author and most of the survivalists cheering
> him on think it will, Gold will only have value for use in Jewelry
> and Electronics, as it has since the world went off of the silly,
> arbitrary, anachronistic Gold standard over half a century ago.

Consumer Debt Sets New Records - Again

I feel as if we're being asked to take off our clothes... so we can be given a shower....

July Retail Sales: The Economic Storm Is Not Over

While reading your article, I couldn’t help but see the accident scene where some poor slob was fatally injured on the ground with his guts hanging out…. listening to the paramedics telling him that he was going to be fine…

Don’t worry… just hang in there… you’ll be up in no time…

Recession Is Over: Long Live Depression

Peter... I agree with most of the above... what would be your plan to "fix" things if you could..??? and what's your advice to the everyday Joe to survive this approaching calamity..??

Worst Housing Number in Decades: What Is the Wall Street Media Smoking?

Avery...

The twisting and spinning of stats is now just the norm..

If you're one of the sheeple, you'd be having a warm and fuzzy that "things" are getting better.... too many sheeple believe what they're being fed by the controled media... we're in deep kimchi...

Do figures lie or do liars figure?

Government's New Credit Approach: Does the End Justify the Means?

I see more massive credit card defaults on the horizon..

Some folks I know have been robbing Peter to pay Paul i.e. juggling balances from one card to another...

The house of cards is continuing to fall... everything is not going all at once.. but rather like the domino effect.

I only wish that the companies that packaged and sold off their debt to other investors around the world were required to make good on the toxic crap they sold rather than US the taxpayers...

Obama Summarizes Economic Policies, Misses Several Key Points

The economy / markets are like a natural force...

..you can momentarily change it's course or hold it up, but it will do what it wants no matter how much "tweaking" the Obamanites do or anyone else for that matter...

The sooner we learn to go with the flow and let nature makes it's natural selections (i.e. let companies fail) the sooner we can get back on course and start making some correct decisions.

Our destiny was determined a long time ago by the choices we made that put us in this mess...

Kinda like getting knocked up and having a kid in high school before you have a chance to get your education..

We’ve made our bed… now we’re going to have to lay in it.

John McLaughlin: More Clueless Economic Banter

There are enough predictions out there for someone to be right, and I believe that Peter is one of the individuals who's got a vision of what's to come..

...but it doesn't take a rocket scientist to know that the US is up to its ass in debt in a giant ponzi scheme...

Our financial situation is like some people I know who are nearly maxed out on their credit cards and using one card to pay the other one... its just a matter of time till the fat lady sings.

There is not going to be a quick fix for our situation....

And since we have so many leeches on our economy, we'll probably slide into a third world country status.. and never know what happened unless something shocks us or unifies us to action.

Our morals and patriotism have eroded to the point where I don't even recognize my country anymore.

We've lost our moral compass... we don't know where TRUE NORTH is anymore

Slow Progress: We're Not at the Bottom Yet

There's an old saying....

If you want to cook a frog.... you don't drop it in boiling water.... because he’ll jump out.

You gradually turn up the heat so he doesn’t know he’s being boiled …

I’d say that the frog (SHEEPLE) is just about three quarters of the way cooked…





Also, TeresaE I’ve enjoyed reading thru some of your posts

You are able to succinctly put into words what I’ve been thinking for a long time..
Including your comments on politically correctness

Economic Fault Lines Emerge

This past generation has had it too easy.... It was the me and now generation... all about instant gratification.. and unfortunately I see it in my own kids and grandkids..

Overweight..?? take a pill...

Stressed out....? take a pill

Don't want to work..?? go on food stamps..

Come in last place at the little league peewee baseball tournament...?? you still get a trophy

So now, we want to take the easy painless way out of this mess.... aint gonna happen

Peter hit the nail on the head.... "no pain ... no gain"

All bets are off.... it's gonna be like nothing anybody has ever seen...

Prepare accordingly...

As GM Goes, So Goes the Nation (Part 2)

Excellent article and good string of pro and con arguments….

I think we’ve been seeing more than one canary drop dead lately…

All I can think is … “We’re damned if do (bailem out) and damned if we don’t”

…….but I’m leaning in the direction of “not”…

The Bailouts Are Doomed - All of Them

Once the masses of scumbags realize they can vote for and get the candidate that promises them the most give-aways.... those of us who are hard working and giv a sh!t are screwed....!!!


On Jan 05 06:22 PM overtaxed42long wrote:

> I just have to ask the question......With every single commentator
> of this article being of the opinion it is correct and that we need
> to rid ourselves of these corrupt incumbents, why do so many seem
> able to win their election? When everyone seems to think that all
> politicians are corrupt and do not perform their duties in the nations
> best interest, how are these same still in office?
> Do not say it was a choice of the lesser of two evils either. That
> is just a cop out. We have a choice, its called write in voting.
> Anyone who did their due diligence on the candidates would know the
> only one worth a vote was Dr. Ron Paul. He is the only one who has
> said all along the financial system was going to fail, has maintained
> his efforts to block these bailouts, works at reducing the size of
> government, and much more that is in the best interests of the people
> of the USA. Period. We need ethical leadership that follow the rules
> laid out in the Constitution, not the rules bent and changed with
> each passing Congress to their liking. Where were you people at election
> time? Who did you vote for? Obama with no idea of how he will be
> used and manipulated? Or wet-noodle McCain who is more a puppet than
> a person after his many years in office? Or Ron Paul who has tirelessly
> questioned the FED and their monetary policies, introduced many pieces
> of good legislation that would reduce much corruption in Washington.
> Wants to move the US back onto the gold standard to force the government
> to limit their spending and balance budgets. Give Americans security
> in our savings and investments.
> With money valued upon only the faith of the US government, and the
> govt. spending more than it can print, and the money worth less than
> the paper it is printed on, we are in for bad stuff very soon. The
> devaluation of 50% of the market was nothing compared to what happens
> when the currency is found to be worthless. Gold sounds better and
> better every passing day. I guess that is what it is going to take
> to get rid of the worthless ones on capitol hill

The U.S. on the Precipice

Precipice ....for sure.... what happens when the Iran situation rears it's ugly head.. maybe a catalyst for economic disaster...

Dow at 10,000 Could Mean Dollar/Yen at 100

Rate changes.... damed if we do.... damned if we don't... talk about the rock and hard spot...