socrateazz

California's Troubles Are America's

I like your article. There is a lot of reality in California's predicament. But I doubt California has a clue how far overboard the state has actually gone. They are still above the water today! And they believe they can keep from drowning. They are right. The policy changes neccesary are so great the legislature can not even understand what needs to be done. Those in charge need to be freed of control and realistic people need to take their place. Will it happen? Maybe!

'The Wreck of the Hesperus' and the Meltdown of Global Monetary System

Interesting. I think currencies are the last thing to fail in a society which has moved from production to moving around wealth for little actual positive result. We are moving that way quickly. I expect your belief will be realized. I do not think it is because paper is worth that much less than gold. I believe over production overwhelms values of goods causing those goods to become worth less. So monies go to less and less needed purposes until there is an imballance between the level of currency and the need for it. Meaning the nonproductive get most of the money and the producers are not able to continue to produce due to lack of money. that will go the other way sometime!

U.S. Economy: 'Green Shoots' Are Actually Red Roots

You can not encourage something by discouraging it by actions and pumping it up with words. Sooner or later the actions will cause one to understand the real truth. I am surprised the liberal pretend brainiacs have yet to understand their philosophy does not make reality! The only good part of current actions is reality will be seen sooner by such stupidity. The question is: How long will it take to repair the damage? How much purge and destroy will become necessary in the end? I liken this situation to the Roman empire after its first peak glory days but before it sinks from internal greed. Where the government went from serving the people to primarily protecting what had been obtained. Until the producers are really encouraged, production will fall! There are currently millions of producers trying to hold on until things get better. Will they when anchors are being placed around their necks. Will puting lead in the head and hot air in their pants really help? we will see! Seems to be government logic today.

Is the U.S. Dollar Headed for a Mighty Crash? Part II

One thing to look at is those who have a problem usually blame others for having the same problem. For example: Blaming the US as being terrorist when it is something Iran seems to be. Another example would be Democrats saying Republicans are all racist. When if you find a racist and ask which way he or she votes you get a 90% answer of democrats. Why would that be? Because one group thinks the other group thinks and acts in the same way they do!, Racists think the other group is that too. Liars and manipulators tend to believe and push others have their problem... So that will show what the ayatolla really is. And we know that anyhow

What's a Better Buy: Gold or Green Shoots?

Shiney metal is pretty. Green is in! Reality is! Value is in what people want most! That which people have more than they want of will reduce in value! Value is arbitrary!

Rising Long-Term Interest Rates Go Hand in Hand with the Expanding Economy

A thought I would add is that. Your assumption is interest is needed for expansion of the economy. Much of today's need for interest is for covering expenses. When that is the case, You can expect long term interest rates to also be related to a dying economy! A balanced economy would allow greater lending and thus more trust by the lenders causing lower interest rates. A strong economy would cause a shortage of monies to lend thus causing higher interest rates. An inheritantly weak economy would demand money to keep businesses going. thus fewer lenders would be willing to loan because of fear of default. Where are we now? What is reality? Do not always assume any accepted belief is correct!

Tipping Point for U.S. Treasuries, From China's Perspective

Monetary means for improving the US economy will only really work if those who can move the economy see a way to improve their wealth by investing in those areas. I think under current Obama policy that will not happen to a very large degree. I expect more news on less employment available through the next few years. Only long term incentives for producers will help long term. Marxism will not do it long term. Actions have consequences

Currency Illusions and the Gold Price Suppression

Value of anything is dependant on the supply of that thing and the demand for that thing. Gold is shiny and has many pleasing charateristics. But when one wants to survive, can you eat it? breath it? or drink it? Does it help health? Does it continue a nutritional status? Gold may have outside pressures on its value. Can you name anything that does not? Manipulation of values of almost everything is one of the reasons so many bubble were created. The leaders of this great country believe in manipulation with a purpose of fairness and equality. What they do not understand is the the world naturally is pretty fair. Manipulation will only make things less fair. They do not know that. But they may realize it before they die. Then again, many past leaders did not. Long term investors are likely correct gold will raise. It will raise based on many perceptions of value. Short term gold could go anywhere based on changes in beliefs of those who buy and sell. Manipulation can only force so much price movement . And an opposite reaction will occur.

Why Our Credit Crunch Mirrors the Weimar Hyperinflation from 1919-1923

I think you are right. The fact that the US is a debtor nation as Germany was at that time says a similar result is very possible.... And I always thought This situation could be worse than the US great depression because of that fact. Unfortunantly I see more similarities. The situation led to a very populus leader who seemed to produce more reasons to control more of the nation. Of course for any such control an enemy needs to be produced. Could it be Republicans? Christians? Jews? Bankers? Wall street? The Rich? The Poor? Foriegners? Terrorists would be logical but they are real enemies. Reality is not as important as appearances of reality for control type people. For control type people to be effective, they must convince the majority their problems were caused by some evil group.thus by believing they also believe by fixing that group all will be great...Has worked for Castro for ages. Since the evil US has not traded with Cuba for ages, the reason for the poor cuban economy is the US failing to trade. Fools will believe anything.

Stocks Soar on Positive Bank Reports

Of course many banks are going to look like their earnings have improved. If you change the rules to allow favorable earnings, then Why not? The earnings probably have not improved. Only the perception of earnings has improved due to rule changes. That is like when bad teams play worse teams and win, they look like they are a good team. But when they play a better team reality will show. There are good banks out there. Because so many have so many problems they are all perceived to be in the same situation. Do not relate this current earnings season with last earnings season because the rules have changed to make earnings look better.

G20 Could Surprise Currency, Gold and Bond Markets

One of the problems looming on the horizon for the US is their currency being the world's reserve currency. The US balance of trade has been negative for so long because everybody wanted more dollars to spend. I think a real intenational money should be developed denominated in $1,000, 000 actual dollar chunks accepted by all leading nations. and released into the economy in large chunks, say 100 billion (maybe a different level would be good) a month! It would be acceptd as reserve currency and smaller chunks would have to trade between current monies. Any money devauation or revalation would have to be supported by their previous three months balance of trade. and all would be reevaluated relative to the reserve currency. If the money value is great enough then every unit can be followed and accounted for under some kind of system and counterfieting would be minimal

Pres. Obama: Counterfeiter-in-Chief?

Do not worry Obama believes in what he does! He believes what he has learned through the years. The country has elected a communist whether the country believes it or not. Any communist believes he can make things fair through manipulation of the falsehoods that exist. He does not realize he himself is the biggest falsehood. Expect him to lead the country toward a situation similar to Cuba. When things do not work out as he expects, I hope he is not addicted to power. If he tries to control some section or all of the media, then you have your answer.

FOMC Pulls Out All the Stops (Part 2)

I agree with your assessment on inflation coming. The current administrations policies will not bring back jobs in the private sector. Government basically just redistributes and changes the value of wealth. It does not actually create wealth. Wealth is created by production. The appearance of wealth creation by government is really a borrowing from the future! What happens when you overextend your credit card? Do you have as much spending power as you had before overextending? Can you keep doing it? Good luck! Hope you can play poker with the market well.

Quant Easing: Central Banks Unleash the 'Nuclear' Option

Remember the slogan.... Never ever ever ever again! I think many of those never evers are about to repeat themselves. The real slogan should be: As long as leaders remember experiences of the past, they will not repeat the same mistakes made during their lifetimes. What are the experiences of current leaders? They have no idea of what consequences their actions will cause! buckle your seat belts, the kiddy roller coaster has been upgraded to super fantastic highspeed thrill and fear inducing ride. By the way; You have little choice you must ride it because fairness says so! Do not worry as long as you remain in the car you will still be alive. If you happen to die, that would just be because it is your time, not because you were forced to ride!

The Case Against Gold

I expect only shortages will cause those missing items to raise. Where in th US are there shortages? If you see none, do not expect a ralley. Do not worry by 2010 there will be. Those in charge think they are making the economy fair. Castro still believes he has done that! I expect the first shortages will be exasperated by a government trying to keep others from taking advantage of such a situation! Guess what that will cause? If you do not know, Look at Cuba or the USSR of the past!