Daaswampman

Daaswampman
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  • The Gold Standard Manifesto  [View article]
    Good reading. While I am not an advocate of a gold standard. It has its merits. Perhaps a basket of metals - anything to stop the printing presses.
    Nov 13, 2010. 09:15 PM | Likes Like |Link to Comment
  • Gold Supply Potentially Gigantic: In and Above Ground Gold Reserves  [View article]
    All the numbers are BS. We do not know how much gold has been mined or lost. All the great gold rushes of the past were the efforts of many thousand of individuals and not giant companies. In many areas of the world this is still true. Check out the gold nuggets for sale on Ebay. It is also very likely that most deposits that were not profitable years ago are still not profitable - think inflation and regulation.

    I'm note saying your right or wrong - I'm saying the numbers are BS. Does anyone actually beleive that anyone knows how much gold has been found or lost in thousands of years of human history.

    The truth is we don't know and a bunch of experts can't admit it.
    Nov 9, 2010. 11:01 PM | 1 Like Like |Link to Comment
  • Less Credit and Income = More Consumer Spending?  [View article]
    And all the numbers may be bogus. We are in deep du-du and our answer is to get bigget shovels!
    Aug 11, 2010. 07:48 PM | 1 Like Like |Link to Comment
  • The IMF's report that the U.S. needs to grow at 14% in perpetuity to close its fiscal gap leads Laurence Kotlikoff to conclude that "our country is broke and can no longer afford no-pain, all-gain" Ponzi solutions. Hard-core Keynesians who say any short-term stimulus won’t affect our ability to handle long-term deficits are "wrong as a simple matter of arithmetic." (also)   [View news story]
    Our decline has been going on for at least forty years. We are now just starting to notice it. It took two people working full time to maintain the family in the 80's 90's and on, that the husband could do in the 50's and 60's. Today it takes two and credit. Everyone should pay their share of taxes - rich and poor. The poor pay nothing and the rich just find a way to avoid it. That leaves who?
    Aug 11, 2010. 07:18 PM | 8 Likes Like |Link to Comment
  • Where Are the Jobs?  [View article]
    The truth is that we have millions of people without skills needed in today's economy. There is nothing to indicate that we will suddenly produce millions of jobs. Unemployment will stay high until someone plays with the numbers to make it appear to go down.
    Aug 6, 2010. 11:01 PM | Likes Like |Link to Comment
  • Sentiment Update: Bears Still Dominate  [View article]
    The markets are a victim of there own success. Everything is a trade. Tell me what will happen when the majority of these traders decide to take the same weekend off? Daaswampman
    Aug 6, 2010. 10:11 PM | 1 Like Like |Link to Comment
  • Consumer Credit: Dreadful  [View article]
    Several years ago I figured out the credit thing and paid everything off, except the house (working on that). Guess what? I have several hundred more dollars every month to spend on me and not pay it on interest. Less credit is a good thing.
    Nov 7, 2009. 06:39 PM | 4 Likes Like |Link to Comment
  • Who Thinks This Recession Is Over?  [View article]
    I have not lost a bunch of money. I have a secure job with decent wages. My home is worth more than my loan. I have a defined retirement plan. For now and I feel poorer. This is not over!
    Oct 25, 2009. 08:30 PM | 4 Likes Like |Link to Comment
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