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Hot Richard

Hot Richard
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  • Bernanke's Unfortunate Patterns [View article]
    The "community" keeps rewarding the horrible politicians and calling for insane economic policies. So, I'm looking out for #1. The "community" will pay a steep price...and maybe it'll help them learn...after a couple dozen times thru the crash cycle.

    The "community" isn't going to abandon selling their vote or redefine the role of government. They just aren't. At some point it is best to tell your kid "OK, go ahead and carry that cat home by the tail. I'll be here at my band-aid store."
    Nov 10 10:59 AM | 2 Likes Like |Link to Comment
  • Keep Your Head Above the Dollar [View article]
    " have allowed the Federal Reserve to take over the money supply completely. This is exactly why the Constitution defined the coining of money the explicit purview of Congress."

    And this is exactly why Ron Paul (don't forget that he's crazy) and a FEW others have devoted years to attacking the Superfriends Super Secret Federal Reserve Pajama Party and called for a full audit. Eventually, the Fed will allow this knowing voters have no power over Congress either.

    When the non-crazy anarchists tell you about the system being gamed, this is just part of what they're talking about. Listen next time and learn! Unless they're crazy. Screw it...listen anyway.
    Nov 9 05:04 PM | Likes Like |Link to Comment
  • Keep Your Head Above the Dollar [View article]
    "Real estate prices are too high, and the economy will never truly recover unless they are allowed to fall."

    This doesn't suit the guys with their hands on the money supply. THEY don't like falling housing prices: falling tax revenue, defaults, bad press, angry voters. I can get elected quicker saying "I'll get housing prices up" than you can by saying "Housing prices must fall".

    Of course, everyone knows this. The point is we're not looking at "leadership" making these decisions. We're looking at "politics".
    Nov 9 04:59 PM | Likes Like |Link to Comment
  • The Currency War - Good for Gold [View article]
    "no one has a real clue what will happen when the 'gold bomb' is dropped."

    How do you think the US would react if it's financial viability were threatened? Of course, we know that answer. The only thing we don't know is how they'll spin it. "Remember the Dollar!" and "They Hate Us For Our Credit Rates!" doesn't exactly excite the sheep.
    Nov 9 04:55 PM | 2 Likes Like |Link to Comment
  • The Currency War - Good for Gold [View article]
    "While I do believe that life will go on after this war..."

    Not only that, but we know the US Government will behave exactly the same way. There is no appetite or will to stop the spending, printing, and taxing.
    Nov 9 04:49 PM | 2 Likes Like |Link to Comment
  • Bernanke's Unfortunate Patterns [View article]
    "For all the wrangling over extending the Bush tax cuts, no one seems bothered by the continuation of the Bernanke tax increases. For the typical American wage earner, the inflation tax will more than offset the benefits of slightly lower income taxes."

    There's the money quote. Remember (while watching Fox or MSNBC) how magicians work: wave this hand while the other hand steals your watch. The politicos are wrangling about taxes...while $600 billion got printed and not a single question was asked. Mission Accomplished!
    Nov 9 04:37 PM | 6 Likes Like |Link to Comment
  • Bernanke's Unfortunate Patterns [View article]
    "oats prices are up 40%, concentrated orange juice up 45%, gold and rice up 50%, corn up 55%, coffee up 60%, copper up 70%, sugar up 90%, and cotton and silver up 100%!"

    Which is exactly why I want Ben to keep his job and the US Congress to fully support QE (and apply it like Sookie applies orange tanning lotion).

    I'm sitting here looking my copper, silver, gold and sugar investments and just wish I had bought cotton. To be fair, I have miniscule amounts of sugar and Francis D'Anconia scared me enough to buy only a modest amount of copper.

    I will name my next yacht "teh Bernake" because the one I bought last month is already named "QE".

    It doesn't matter if a Republican or a Democrat is elected. As long as Keynes runs the joint, I'll run out of names before yachts.

    Thank you, Washington D.C. And, God bless America.
    Nov 9 04:33 PM | 3 Likes Like |Link to Comment
  • 9 Stocks to Protect Yourself From Dollar Devaluation [View article]
    Same investment ideas...they ain't broke. We've talked about oil, too. But it is not in a predictable pattern right now (IMO). My mantra remains the same: profit mercilessly from these misguided policies.

    Good luck with TBT. It calls to me, too!

    It seems that SA still has it's share of QE fanboys. Good to see. I want to add more pounds of gold before someone figures out what's going on.

    PS: "Melt" is putting it gently!
    Nov 9 04:22 PM | 1 Like Like |Link to Comment
  • Gold ETF: A Worse Investment Than Gold [View article]
    While your gold ETF can be wiped away with the pen of a President's hand, it takes a bullet to get your physical gold.

    Remember a quality about all ETFs: they provide some sophisticated strategies for very little work.

    So, just because your ETF is a gold ETF doesn't mean it is any different than your IBM stock if we're attacked by Keynes or zombie hoards.
    Nov 9 04:10 PM | Likes Like |Link to Comment
  • America is in a Depression [View instapost]
    Regardless of performance, Jack and Jill should get the same?
    Nov 9 04:01 PM | 1 Like Like |Link to Comment
  • Bank of America Reviews Several Hundred Foreclosure Cases and Finds... [View article]
    Gary A is correct. I wore my banana leaf hat and they were going to let me buy 4 homes. So, I called my local politician and told him what was going on. He said home ownership is an attainable dream and offered to pay the first 10%. Then he gave me a sweetheart loan.

    Good times.
    Nov 9 03:49 PM | 1 Like Like |Link to Comment
  • Bank of America Reviews Several Hundred Foreclosure Cases and Finds... [View article]
    BofA is a company that should not exist. Or, they should just take off their mask and reveal that they operate as a branch of the US Government (with about the same quality). This is a bad, bad, bad, bad company. Bad company 'til the day they die*.

    * A corporate death such as bankruptcy or bought.
    Nov 9 03:47 PM | Likes Like |Link to Comment
  • Visa Cracks… Is the Party Over? [View article]
    If they have to print dollars on tree bark, there will be no deflation. Yes, some excess inventory might be sold low...and this is not deflation.

    Visa is one of my favorite companies. Just an amazing business/company for the next 20 years. I think it is a gift at this price, but I'm not trying to time anything with this price.

    PS: I hate the DOJ.
    Nov 9 03:44 PM | 2 Likes Like |Link to Comment
  • Apple Rocketed Past Microsoft in Revenue This Past Quarter [View article]
    I hear ya, jkirk. But, I tend to not invest in companies that pay their CEOs millions when they don't produce. So, who cares?

    Without a doubt, Boards need to up their game this decade or a lot more companies will go under. There's better talent at CEO in America then there was 10 years ago, but still a long way to go.
    Nov 9 03:39 PM | 1 Like Like |Link to Comment
  • Time for a New Theory of Money [View article]
    I'll gladly use Google, Amazon, or Wells Fargo dollars/credit. There is no reason currency must be supplied by the state except that it facilitates the voodoo that they do so well.
    Nov 9 03:36 PM | Likes Like |Link to Comment