The Geoffster

Dow Target 6,617, October 25, 2009: Here Is Why

During the depression, the U.S. was the world's largest creditor nation and in better shape than China is now. The mistakes made then were protectionism, tax increases and tight monetary policy. Those lessons were supposedly learned by Bernanke and far be it for me to contradict him. Nevertheless, the depression began as a liquidity crisis. This recession is a solvency crisis. Anna Schwartz says we are fighting the last war with the wrong weapons. Propping up failed institutions just prolongs the inevitable. The Fed seems to meet every collapse by loosening an avalanche of credit. It seems like a political response to me. The debt can never be repaid. Inflation is inevitable. Buy gold, silver and bullets.

Why Google Won't Replace GM in the Dow

Is that you, Cetin?


On May 29 06:59 PM joshtrend wrote:

> Telling us the fines means nothing if you don't tell us how much
> they were convicted of
> paying in bribes. This could be peanuts, not prohibitive and in fact
> could encourage them to
> simply factor getting caught into their huge money pots. they have
> more money than
> governments at their disposal. they are "they" - the enemy of the
> lower and middle classes
> in this ongoing class war that little people have been losing forever.
>
>
> I came across this interesting site... sogood.net/a429c6 lots
> of economics & finance
>
> articles

2009 Depression Will Be Nothing Like 1929

"Let's call a spade a spade?" Hmm, Let's just call it a frigging shovel. We're all going to need one to load up the wheel barrow with cash to buy a bag of groceries. The jokes on all the Obama supporters who thought they were safe because they'd never make more that $250,000. Withe the coming hyperinflation, that will be minimum wage in no time.