9 Stocks to Protect Yourself From Dollar Devaluation [View article]
It is silly to examine only one asset price (housing) regarding inflation/deflation. I am reminded of this by my Uncle Tito who still sells ABBA 8-tracks.
9 Stocks to Protect Yourself From Dollar Devaluation [View article]
Kevin McElroy sure has some patience. If you cannot separate investment analysis from politics, you are cannot analyze investments. McElroy does a good job here.
There is not a single politician (outside of Ron Paul) who doesn't share the debt guilt. And, cutting taxes without touching spending does nothing.
9 Stocks to Protect Yourself From Dollar Devaluation [View article]
It has been several years now that many of us have said (basically) QE doesn't work. Our advice has been to buy gold as protection from QE (and the other insane eco/fiscal policies of US Government). Well, damn! That sure worked. This has been the easiest call I've ever made in my investment career.
They are stomping forward with more QE, so gold remains a great option.
I took some lumps on TBT, but I was too early. Not a bad possible play.
George W. Bush maintains that TARP "saved the economy" and he "absolutely" would do it again, the former president tells NBC News. “The idea of spending taxpayer money to give to Wall Street banks to save them - a lot of people think they created the crisis in the first place - so I can understand the angst [of the American people]." [View news story]
I am afraid I have some bad news for you, kingdom. There is a pack of over 1 million tigers on their way to your house.
The good news is that I have a rock I can sell you for $300,000 that is guaranteed* to keep tigers away. You'll be safe.
George W. Bush maintains that TARP "saved the economy" and he "absolutely" would do it again, the former president tells NBC News. “The idea of spending taxpayer money to give to Wall Street banks to save them - a lot of people think they created the crisis in the first place - so I can understand the angst [of the American people]." [View news story]
I fear your kids would be in a world where the government and central bank would not resist debt if we were debtless.
James West, Although it took you far to long to understand a gold standard, it is good to see your knowledge has increased. You are very late in understanding why government foxes don't make good guards at the the people's hen house.
Now, please try to keep talk about a gold standard down. I want our dear leaders in charge to keep chanting QE and printing away their currency value. I profit more from their idiocy than I do from sane economic policies.
"If he makes that error the currency is destroyed and when it implodes the government will go with it, as every citizen's liquid net worth will be rendered value-less overnight, exactly as occurred in Weimar."
I doubt this will play out. Yes, the currency can be destroyed, but the government will not "go with it". The government will be propped up by Int'l buddies...for Int'l security reasons and the good of the children or something. Government obligations and debt will be wiped clean or recalculated in negotiations. We'll still be a democracy, so don't worry about your SEIU pensions (they'll be guaranteed still). Remember, if the state agrees that you know owe 100 Reagan Dollars, you owe 100 Reagan Dollars and they will reach into your pocket and take it as authorized under Congressional Order XKCD.
Your debt will be transferred as best serves the post-crash republic. You'll still have your mortgage, etc. Except the terms will be even less favorable to you...but not so much that it forces you to actually do something drastic.
Huge Battle Looms Over Public Pensions - Who Will (Who Should) Foot the Bill? [View article]
First, I am against the negotiated contracts between unions and the state. Johnny Politician agrees to a big raise for Joe Union in exchange for Joe Union's vote. Just a wealth transfer from non-union tax payers and it undermines the democratic process.
Second, it is folly to have anyone other than the union in charge of the pension. It should be guaranteed only by the union, not the government (really the tax payers).
Third, I think we all know who will end up paying these pensions. The new royalty is the government sector. They are our kings in every way, shape, and form. Welcome to your serfdom.
Huge Battle Looms Over Public Pensions - Who Will (Who Should) Foot the Bill? [View article]
We could save even more by declaring an end to war.
Ending the war on drugs doesn't have to mean making everyone an addict or legalization. Sorry about your family member who is addicted, but that has no bearing on this discussion (as I have many family members who used drugs, aren't addicted, and are very succesful).
The end destination is a massive government entity, massive union labor working for the government...all extracting huge sums of money from those not in the above groups. So, we have a class war to look forward to.
Different objective than Nazi Germany, so different bogeymen.
QE2: Another Bank Bailout - Not a Main Street Recovery Plan [View article]
So, those two groups (who basically have all the power and make all the rules) will stop at nothing to prevent deflation.
Oh, earners and savers make off like bandits with deflation.
QE2: Another Bank Bailout - Not a Main Street Recovery Plan [View article]
I think you nailed it.
9 Stocks to Protect Yourself From Dollar Devaluation [View article]
9 Stocks to Protect Yourself From Dollar Devaluation [View article]
9 Stocks to Protect Yourself From Dollar Devaluation [View article]
Source, please. What is the interest rate you get on "promised" loans?
I'd almost forgotten what I missed about SA.
9 Stocks to Protect Yourself From Dollar Devaluation [View article]
There is not a single politician (outside of Ron Paul) who doesn't share the debt guilt. And, cutting taxes without touching spending does nothing.
9 Stocks to Protect Yourself From Dollar Devaluation [View article]
They are stomping forward with more QE, so gold remains a great option.
I took some lumps on TBT, but I was too early. Not a bad possible play.
George W. Bush maintains that TARP "saved the economy" and he "absolutely" would do it again, the former president tells NBC News. “The idea of spending taxpayer money to give to Wall Street banks to save them - a lot of people think they created the crisis in the first place - so I can understand the angst [of the American people]." [View news story]
The good news is that I have a rock I can sell you for $300,000 that is guaranteed* to keep tigers away. You'll be safe.
*guarantee not valid for anti-tiger rock
George W. Bush maintains that TARP "saved the economy" and he "absolutely" would do it again, the former president tells NBC News. “The idea of spending taxpayer money to give to Wall Street banks to save them - a lot of people think they created the crisis in the first place - so I can understand the angst [of the American people]." [View news story]
Rebirth of the Gold Standard [View article]
Although it took you far to long to understand a gold standard, it is good to see your knowledge has increased. You are very late in understanding why government foxes don't make good guards at the the people's hen house.
Now, please try to keep talk about a gold standard down. I want our dear leaders in charge to keep chanting QE and printing away their currency value. I profit more from their idiocy than I do from sane economic policies.
Will More Easing Doom the Dollar? [View article]
I doubt this will play out. Yes, the currency can be destroyed, but the government will not "go with it". The government will be propped up by Int'l buddies...for Int'l security reasons and the good of the children or something. Government obligations and debt will be wiped clean or recalculated in negotiations. We'll still be a democracy, so don't worry about your SEIU pensions (they'll be guaranteed still). Remember, if the state agrees that you know owe 100 Reagan Dollars, you owe 100 Reagan Dollars and they will reach into your pocket and take it as authorized under Congressional Order XKCD.
Your debt will be transferred as best serves the post-crash republic. You'll still have your mortgage, etc. Except the terms will be even less favorable to you...but not so much that it forces you to actually do something drastic.
Position yourself accordingly.
Huge Battle Looms Over Public Pensions - Who Will (Who Should) Foot the Bill? [View article]
Second, it is folly to have anyone other than the union in charge of the pension. It should be guaranteed only by the union, not the government (really the tax payers).
Third, I think we all know who will end up paying these pensions. The new royalty is the government sector. They are our kings in every way, shape, and form. Welcome to your serfdom.
Huge Battle Looms Over Public Pensions - Who Will (Who Should) Foot the Bill? [View article]
Ending the war on drugs doesn't have to mean making everyone an addict or legalization. Sorry about your family member who is addicted, but that has no bearing on this discussion (as I have many family members who used drugs, aren't addicted, and are very succesful).
The Mega ReFi Rumor Makes No Sense [View article]
The Mega ReFi Rumor Makes No Sense [View article]
The end destination is a massive government entity, massive union labor working for the government...all extracting huge sums of money from those not in the above groups. So, we have a class war to look forward to.
Different objective than Nazi Germany, so different bogeymen.