Steve Soden

Show Me Economic Expansion, Chairman Bernanke

What I heard Berneke say was "things are going to be bad and eventually they will get better!"
Especially for Bankers, Homebuilders, Mortgage Brokers and Tim Geitner.

More AIG Controversy: Maiden Lane III

There are often numbers of @ $650 Trillion tossed abouit in regards to the total amount of Deriviteves outstanding against US assets.

I believe the real question is how much of these Deriviteves are naked obligations, here and in other countries?

Tell us, how much?

Any guesses?

Why the Stock Market Should Crash

The other night I watched Bill Gates and Warren Buffet tell us how we should have confidence in our "System."
The two richest men in the world saying we need to have faith and invest in this wreck of an world.
A sure sign we are in deep trouble.
What happened to Warren warning us about Derivitives?
I guess he's saying this part of the Economy is OK.

Options Trader Friday Outlook: Will We Finish the Week Over Target Levels?

The Dollar, Oil and all the rest has nothing to do with our biggest fears.
Devaluation of the Dollar.
By the time this crises is over I believe our Dollar will be worth approx.
1/4 of what it was in 2000.
US Economy somewhat normal, 2025.
US Issues $1000, $5000 and $10,000 Bills.

Nominal vs. Real Gains

The World's ajusting to a new Economy.
The old one blew up and it was bad enough
to require a new system but nobody is bothering
to do the work that's needed so expect more and
greater damage with next wave.
With " The Big One, coming soon".

If the FDIC Is Broke, Why Are They Still Issuing Guarantees?

Broke, Yes we are!
At this point the cash in my Wallet should probably be spent on something, anything, because it will be worth much less down the road.
Usually a low price stock does a reverse split 10 to 1.
This sounds about right for our overspending since the 1940's.
When will this devaluation take place?
I expect a future crisis will hasten the change- war, disease, or perhaps 2012
December 21st.....................

100 years ago today: "The Monetary Commission... is to begin a campaign to educate the government and the public on the need for a central bank. 'There is reason to believe that even in banking circles considerable apprehension exists as to the function of this institution...'"

Yes, Dollar Bills are everywhere but what are they worth?
I don't think anyone knows other then what they purchase today.
A collapse could happen at anytime. It just takes one nation to say enough is enough!
I want to cash in US debt now!
Those holding Short Term T-Bills are saying just that.
I'll take .32% on my money since I don't think it's worth much and I don't trust my government to take care of it for much longer then 10 Minutes.

Still Stuck in the Financial Crisis Woods

So, what happened to the investigation of Derivitives and the effect they have on our markets and economy?
Am I to assume this problem is settled?
Please write an article about the "Truth" and do these continue to be toxic insturments or are they a thing of the past?

Welcome to the New Normal

The Government has a solution for this unemployment problem-
It' called a Pandemic!

Friday Roundup: Commodities, Emerging Markets

It's all about confidence.
Since we don't know what our money is worth.
We don't know what anything is worth.
The powers that be have kept TV the same along with everything on it.
This will keep the people calm , until the next crises or this one gets worse.
Absolute Greed is eating big holes in our economy.
I'm affraid our only stop is for those that are owed to stop asking for their money that they are owed to a much later date.
Will this happen, Who The Hell Knows?

Bank of America's Gain Is Taxpayers' Loss

2% CD for One Year.


Rip Off!!!!!!!!!!!!!!

Inflation Scorecard: Is Reflation Upon Us?

Our Government has put a patch on a Depression and going forward there will be all kinds of Bubbles and Collapses.
We will all dream of slow steady growth as long as these stop gap measures stay in place. Berneke will be remembered as the man that started The Second Great Depression.

Is Obama Mimicking 'W.' on Trade?

President Obama was hand picked by Big Business.
He'll do as they say!

U.S. Economy: Now Comes the Hard Part

There seems to be two camps in regards to our economic scene:

1. Everything will be OK according to ?

2. We're in deep trouble due to the economic stastistics of today.

My question is "How to invest if we're in deep trouble?

Today in Commodities: Decision Day Looms

These assets will all rise in the long term.
CD'S are paying 2% for 12 months.
Rates are expected to be low for the next 3 years as banks need the cash to reinflate.
Investors will look to the markets for returns creating more bubbles.
It does'nt matter if we have inflation or a devaluation, gold, silver, platnium, real estate and other solid assets will do well.
Stocks will do well if you pick the ones that are not manipulated by Wall Street, Right!
Money in the bank will get waxed.
Good Luck and Good Investing