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Hot Richard

Hot Richard
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  • Papering Over The Gold Standard's Flaws [View article]
    > In other words, there was a reason why the gold standard was abandoned: it was choking recovery in the 1930s

    1. You don't get credit for putting out the fires you start.
    2. Not all "reasons" are good.

    Put it all together and you get meddling economic policies that wanted to keep meddling and decided to end the gold standard to enable themselves.

    C'mon, guys.
    Feb 15 09:51 PM | Likes Like |Link to Comment
  • Papering Over The Gold Standard's Flaws [View article]
    > All the ZeroHedge crowd and gold bugs think a gold standard is the answer to all of our problems. They don't know their history.

    That's exactly what a dollar bug would say.
    Feb 15 09:48 PM | 4 Likes Like |Link to Comment
  • Papering Over The Gold Standard's Flaws [View article]
    > there's no law against it.

    This is news to me.
    Feb 15 09:33 PM | 1 Like Like |Link to Comment
  • Is Groupon Another Pets.com? [View article]
    > Is Groupon Another Pets.com?

    YES! I watch this stock and read the coverage for the lulz. Amazing to see it happen again and again.
    Nov 14 08:49 AM | Likes Like |Link to Comment
  • Is Gold Set To Push Higher? [View article]
    Winning,
    I talked recently to an IT friend who said "there is no such thing as "secure"." His point was that every system can be breached. Instead, he said the best you can do is make your system "hard".

    I feel the same way about gold, which isn't a safe haven but is pretty damn good (maybe call it a "hard haven"). I am always reminded of the fact that there are billions of supporters of the state backed by trillions of dollars who can shove a gun in your face and take your gold or crash the market.

    I think the "dollar bubble" we're seeing now will fall hard and fast in 2012. Gold is the only place I want to be and it'll still be a bumpy ride.
    Nov 14 08:26 AM | 8 Likes Like |Link to Comment
  • Welcome To The Collapse Of 2011 [View article]
    Is it too late to include a "My dad worked..." story? My dad worked a couple hours a week collecting rent from the property he inherited.

    Does this make him a bad guy? Sorry he didn't weld or turn a wrench.
    Oct 15 07:29 PM | Likes Like |Link to Comment
  • Welcome To The Collapse Of 2011 [View article]
    > And how many H1-B visa holders in those buildings while American grads drown under their student loans while working at Home Depot.

    > To create prosperity for us ALL, we HAVE to create family-supporting jobs for the MASSES.

    So is it prosperity for ALL...or just American grads?

    I am so confused, TeresaE.
    Oct 15 07:24 PM | Likes Like |Link to Comment
  • The Bernank Calms Markets With Hint Of QE3 [View article]
    What say you about demand decrease being why Ben isn't seeing a substantial rise in prices?

    Personally, I see massive demand decrease (trending down down down) coupled with inflation (money supply increases) and continuing rise in unemployment.

    Never a QE-bug, I remain bearish on all things US.

    > Because he is accountable to no one.
    :-) Oh, I'm sure he's accountable to someone...and I'd love to know who.
    Oct 6 11:55 AM | Likes Like |Link to Comment
  • Welcome To The Collapse Of 2011 [View article]
    This is incorrect. Drive around Cupertino and you'll see thousands of jobs (most are high paying) created by Apple.
    Sep 22 07:27 PM | 1 Like Like |Link to Comment
  • Welcome To The Collapse Of 2011 [View article]
    > Neither party has a plan for jobs.

    Because both parties are Big Government and government can only kill jobs, not create them.
    Sep 22 07:25 PM | 1 Like Like |Link to Comment
  • Gold Should Be An Asset Class Unto Itself [View article]
    > The old rules of investing really don’t apply any more

    The new rules are follow the lobbyists. They'll lead you to the boom markets. Post-911 it was weapons. Now? Health Care.

    Don't complain. Like buying gold when Ben starts loading his helicopter with cash, the "New Investing Rules" are a lot easier than what Lynch, Graham, and Buffett needed to learn. Knowing the con is easier than working.
    Sep 14 09:10 PM | 2 Likes Like |Link to Comment
  • Gold, Silver Are An Even Better Alternative Than Before [View article]
    Yes, the thieves working to expand the state won't sit by while you crash their party by owning gold. If they don't send thugs to take it from you, they'll cripple your ability to own it, exchange it, or they'll just tax the shine out of it.

    Nice folks.
    Sep 14 09:05 PM | 2 Likes Like |Link to Comment
  • More Talk Of A Bubble In Gold [View article]
    Also liked "Gold has no price. Gold is the price."
    Sep 8 09:59 AM | 1 Like Like |Link to Comment
  • More Talk Of A Bubble In Gold [View article]
    >IMHO we're going down the historical toilet and there is nothing the authorities will be able to do, because of all the in-fighting.

    In-fighting? Don't be silly. They are getting rich here and transferring wealth at historic rates via QE, bailouts, and debt. So, the "authorities" are doing lots...and nothing is going to stop them.
    Sep 6 04:04 PM | Likes Like |Link to Comment
  • More Talk Of A Bubble In Gold [View article]
    When QE3 is announced I will dance all the way down to the marina and buy a bigger yacht.
    Sep 6 04:01 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
705 Comments
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