no longer care

The Dr. Doom Space Is Getting Crowded

peterpainter,

The doom from the room is directly proportional to the lies from the ties.

It is for this reason that commedians and late-night talk show hosts began cutting them off their guests with pairs of scissors years back. The more a man prides himself in his sense of intellectual and moral superiority derived almost entirely upon inflicting pain and suffering on others, the more poets, visionaries and madmen will decry such atrocities.

If Wall Street truly cared about this county, it would shut itself down for at least six months and send all of the investor types out onto every street so that they could confront the real world face-to-face.

I see by my comment tickertape that I have finally achieved a zero balance once more. YAY! and good year to us all.

Great Depression Not Imminent, But Inevitable

> They leave and move their
> team to the next desperate company and create the same business model
> over again. Good money in this if you stay ahead of the nuclear winter
> left in your wake!

No. Good money is what the government is throwing after the bad. This sounds more like carpetbaggery. I agree with the author, "The basic ingredient (i.e. the end of non-actuarial risk underwriting) of another Great Depression is firmly in place."

The Deflation Scam

What I don't understand is why so many people prefer to invest their currency (in whatever form) strictly to get the greatest currency return. Do you all not realize this is the fundamental problem of the mortgage/financing/eco... phantasmagoria we are all staring in the face?

I don't have 'money' to put in the market anymore than I have money to put into the gambling halls or even the gas tank. What currency I do have (and by currency I include my time, talents and all my resources) I like to invest in the things I want to cultivate in my community, in my country and on this planet. I try increasingly to reflect those values in the products I purchase, the businesses I patronize, the charity I give, even the ideas I propagate.

Whether these endeavors ultimately grow and certainly whether or not they bring a return on my investment are not the reason I approach investing in this fashion. However, by being thoughtful of what I contribute and support I know that I am being responsible with my resources.

When you have other priorities guiding you, you should not be surprised to find you have created a monster.

Personally, I am not a fan of oil so I can continue to cut back my consumption about it without worrying about the price of tea in China, my grandmother's pension fund or how the Fed thinks it will save us all.

Paulson's Plan Fails to Understand the Problem; Madoff Is a Perfect Example

Your argument is very similar to one I have been listening to lately with the exception of your political footnote.

How is borrowing money to build roads fundamentally different than borrowing money to build houses was in the first place? According to your argument, the empty houses of the real estate bubble should have saved our sorry butts. Afterall, building them created jobs plus we got rows and rows of them sitting around. In a very real sense, we-the-people, are owning them since we now own the banks that own the houses that nobody lives in or takes care of.

Tell me what good the roads are gonna do us if nobody has a car, gasoline or the means to obtain either??? Is that why Obama is supporting the Big-3-Bailout ya think? Or perhaps the campaign funding he received from their lobbyists or the UAW had something to do with influencing his perspective on that one?

What about this idea... What if we all started to work on figuring out how to save money rather than spend it? What if we began promoting some goodwill and cooperation instead of greed and competition starting right here at home?

If Wall Street wants to join Main Street in this endeavor, then step up. If not, then they should back up

Is the U.S. Solvent?

< What exactly does "solvency" mean when applied to a government? >

Perhaps it means having the military and industrial means to seize what ever raw resources by hook or crook from whereever it wants to and funnel those funds into a convoluted vortex of pure unadulterated BS so that it never has to reconcile it's accounts even to it's own people much less the rest of the world's.

Savings, Debt and the Global Economy

I do recall reading warnings over a year ago when researching why I knew we were in a recession and being lied to about it, that China was coming to the conclusion it would be unable to continue purchasing US debt in the future.

AsiaNews and Bloomberg are both reporting that "US debt is approaching insolvency..." chaos to soon follow...

Now, I realize that the Pope is a notorious Doomer and thus, an unreliable economist at best, but "very short-term thinking" seems to be the common denominator.

www.asianews.it/index....

It's simple really, we have lost faith in such thinking.

Aftermath?

Gold Poised to Move Higher

Is this an article or an advertisement? I feel like he is trying to sell me a seminar on how to buy property for no money down...



" But thanks to the Internet, the mainstream media’s stranglehold on information has been shattered. Today anyone anywhere can easily learn
about gold fundamentals. This is very bullish for gold. Thanks to the Internet,
today any investor can order physical gold coins in a matter of minutes that
will be delivered to his doorstep a few days later. Thanks to computers, today stock investors who wouldn’t bother with gold coins in a million years can buy a gold ETF in seconds to add gold exposure to their portfolios. We live in a wondrous era.

Ultimately though, the proof of this gold bull is in its secular chart. The path gold has carved here is the aggregate result of every ounce of gold bought or sold on this planet since 2001. Every central bank sale is reflected here. Every gold investment made by individuals and institutions is reflected here. Every sale of gold, whether to fund a kid’s college education, buy a house, or whatever, is reflected here. This chart is the distillation of all global supply and demand for gold. And its message is crystal clear. "


Indeed, it sounds like "Hurry! Buy now, supplies are limited!"

Good luck on that and lemme know how it works out for ya!

Welcome to Parity

Are you certain the Fed is not printing money yet? I remember reading this article from the wayback machine...

www.thestar.com/commen...

Where be that haven?

Inflation Is in Our Future...Not Deflation

This whole article reminds me of a story about The Old Farmer's Almanac and a snowstorm in July. Uncanny actually.

Inflation Is in Our Future...Not Deflation

Wow, I come here to learn and then translate for the youngsters. I am looking at all the arguments but this one is not helpful. Thanks for playing anyway, Mr. Pinelli and Happy Holidays to ya!

No Gambling, Please, This Is the Stock Market

The real difference being when our office pools together our lunch money to get a few tickets, we eat from a brown bag. When the investment company pools together our retirement accounts, we live from a cardboard box. Is that were the socioeconomic factors come in?

Holiday Markets: Wishing and Hoping

'W-shaped' - you got that right. How long it lasts will likely depend upon how much they indebt our future generations lining the pockets of folks who could easily retire and ride the whole thing out, if they were only better at spending their time playing golf.

There is an old saying about wishful thinking. Make a wish in one hand and then spit in the other. When you're all done, tell me which one filled up first.

The Deflation Scam

> But where will we raise the next generation of alcoholics? Believe me, > they will need it.

No, we are raising the next generation to be stonecold sober. They will be hungry and pissed off however.

The Deflation Scam

> Are you spending less? Zero? Stopped eating? I think it's accurate to
> say that credit has dried up, not consumption. No one is holding tight
> to every dollar.

That depends upon who you are talking to. Who is 'no one'?

Am I spending less? Yes
Zero? No I still pay rent, energy and food.
Stopped eating? Not until the food is gone, but it's looking dicey already.
Holding onto every dollar? Wish I could, but see above.

In case you write me off as an aberration, there are many many more like me - eliminating all health care, education, clothing expenses... surely not spending on any but most basic necessities. The number of folks like me grows.

0% Financing Doesn't Mean It's Free

“We can’t press our luck”

This game of chicken is getting really really old.