20 Signs The U.S. Economy Is Heading For Big Trouble In The Months Ahead [View article]
One of the strangest posts I've seen in a while. Stop watching Fox News? Is that because they've been reporting the news more honestly than every other network out there? If you want fantasy, tune into CNN, NBC, CBS, or a host of other sycophantic media elites. They are hot right now, though - imagine Obama not letting them hang with him and Tiger - that's horrific!! I used to think that these media idiots were groupies, but now I realize that they're just part of the oldest profession, due to the quid pro quo.
Oh, wait, was that YOUR ox that was being gored? He didn't say anything about Bush, did he? Why all the puffed up defense? What he said was very accurate. The current administration is absolutely intending to strip mine the nation's wealth. That doesn't mean no one ever did that before. It means they're doing it now. And, contrary to what Bush was doing, the present administration has the unfortunate position of having a super majority to ram through the most heinous of trash legislation to get it done. Bush, fortunately, did not have that going. The fact that Obama and his fellow thieves think we deserve this is all the more unsettling, and should be to you, too. You'll soon see what I mean. This won't take long.
As much manipulation as we've seen over the last year in the markets, anyone who can correctly forecast where things are headed is probably on the invitation list to the Fed board meetings. None of it makes sense in a rational world which is why I now refer to the equity markets as the blackjack table and the commodity markets as roulette. The fact that there is so much manipulation going on means that we're absolutely propping up another bubble. Many will call it the govt debt bubble, but it looks like we'll have a couple more, yet un-named bubbles to entertain ourselves with as well. Be careful.
Even With A Fiscal Cliff Deal, Stocks And The U.S. Economy Will Unravel In 2013 [View article]
Definitely. We didn't get smarter, just more needy. Now that the media has won the election, all bets are off. This was mostly about trying to kill the Tea Party. Now it's time to emasculate the US, just like Obama's base has wanted all along. A nation of Harry Reid's - coming up ! Oh, Harry Reid's with iPads...yeah.
The Root Cause of the U.S. Housing Bubble Has Yet to Be Addressed [View article]
Barney's main squeeze at the time was a big man over at the Fannie... I'm sure there is nothing untoward in that relationship, both professional and semi-professional. Besides, if you want to keep people hanging out around the punchbowl, you have to keep putting punch in it. Witness the constant-flow hose laying over the edge of the bowl. There's no way this party will end until someone yells "fire" or they turn out the lights as the last person leaves. Washington needs to be gutted.
'Sell In May And Go Away' Might Come Early This Year [View article]
BTW - in case you might not remember, GWB and McCain (of all people) were both making strong public statements about the chicanery at Fannie and Freddie, calling for greater oversight and the danger to the system. The Dems said, "What a bunch of sissies. Floor it!!"
Forget The Jobless Recovery, Get Ready For The Full-Employed Recession [View article]
I predict a gradually increasing number of people retiring as soon as legally possible on SocSec, and/or getting classified as handicapped in some fashion. They will live as multiple families in single family residences to reduce cost. They will move to the sunbelt if they can afford the move. The northeast will lose the population that has money enough to get out, leaving the poor to suffer in the mess left by decades of sorry municipal and state govts. It will resemble the white flight of the 60's and 70's. It has already started, with significant progress. Cities like Detroit will become common in the north and midwest. California will become the home to the very poor and the very rich - cordoned off from each other by the walls of the rich. Water problems will exacerbate the infrastructure problems of the South and Southwest, as they absorb a large percentage of the population. Social services spending will be taken on more frequently by the federal govt as they attempt to bandaid the dwindling resources of the states and city govts of the Northeast. Larger and larger numbers of poor and their children will never enter the workforce as their education continues to become more and more irrelevant, becoming permanent wards of the state as a way of life. Oh, and it's been happening for years and will become more obvious over the next five. Now, all we need is amnesty for 11+ million illegal immigrants to really destroy the social services net in the country and our failure will become transparent to the world. Bought and paid for by the weak, the timid, and the cowards, who never really understood middle school civics lessons, that freedom has to be worked for by everyone, all the time. Too many think that it was bought and paid for in some glorious moment of the past, and now they can sit on their butts and live off someone else's investments. Lethargy reigns.
Why Investors Should Be Cautious on Gold and Silver [View article]
The real issue with gold and silver, in my estimation, is much more tied to the rampant manipulation being done to them by the central banks around the globe as they try to keep the game rigged, and stave off the collapse of numerous currencies. If they were allowed to float to their natural level in the marketplace, then we'd probably see $2000/oz within a month. But, that probably won't happen. What probably will happen, is that the CBs will continue to juke and dodge, and people will alternatively run to and away from gold and silver on a daily basis. In other words, waves on the ocean. Trader beware.
I'll go you one better: 1. Term limits for all of Congress 2. Remove ALL retirement benefits from Congressional service and make them use SS like the rest of the country. 3. If you've served in Congress, you may NEVER be a lobbyist. 4. If you've been a lobbyist, you can NEVER serve in Congress.
Now, THAT will go a long way to fixing this mess. We have to stop the cycle of trough-hogging that's currently built into the system. Then we need real healthcare reform, not the tripe that's currently being stewed up in back rooms of wherever. Couple that with an overhaul of the banking industry - no more too-big-to-fail EVER, and we might see some real Hope and Change, not the sewer water that's currently being served with the appetizers.
On Oct 21 09:55 AM elcopone wrote:
> Agreed, we need to redo the entire political process. Get rid of > all lobbists, trade groups and special interest groups. Eliminate > campaign contributions from corporations. Put in term limits. Make > it so that if you work for the government, you cannot then work for > in the private sector for at least 5 years after you leave office. > > > That will fix this.
You can't smell the napalm if you have sufficient altitude, but I do remember Jimmy Carter and Stagflation. I'm betting that we see a replay, possibly starting as soon as next Fall. It will be a new contest for worst President ever.
And, there is some sort of magic incantation that prevents hacking public clouds? Please, be realistic - the public cloud is a big apple, waiting to be picked by criminals and political opportunists. If a private cloud can be hacked a public cloud can be hacked. The physical location of the facility is not the determining factor. A private cloud exists behind the corporate firewall and the DMZ. Security doesn't really get a lot better than that. Also, from a corporate point of view, physical posession is a strong factor - if you own the physical box, you own the data. That is an immutable fact of computing. I can break into just about any box made if I have physical access. Remember, disgruntled workers and dishonest employees are still your biggest security risk.
Gold: The Worst Inflation Hedge Ever [View article]
I bet all the people who lived through the hyperinflation of Angola, Argentina, Austria, Belarus, Bolivia, Bosnia/Herzegovina, Brazil, China, France, Danzig, Georgia, Germany, Greece (the previous time), Hungary (both times), Iraq, Krajina, Mexico, Nicaragua, Peru, Phillipines, Poland (both times), Republika Srpska, Roman Egypt, Romania, Soviet Union/Russian Federation, Taiwan, Ukraine, United States (remember "not worth a Continental"?), Yugoslavia, Zaire (Congo), and Zimbabwe, felt exactly the same way. I'm sure they were all quite happy with holding vast quantities of paper while someone else held gold - in almost any amount. The point of gold's value is not all the things people argue about - the point of gold is that it's a thermometer (or canary in the coal mine, if you prefer) for the people's level of trust in the government and monetary system controllers. I'd say that the current status is quiet nervousness...not agitated nervousness, mind you, but relatively quiet. But, if the second shoe drops, all bets are off. IF we aggressively pursue monetizing the debt (four more years...), and continue to shove larger and larger numbers of citizens AND illegal aliens onto the government payroll, then that mood will move over to agitated, and then the value of gold will rise in relation to, and in anticipation of, the govt making our currency lose value much more quickly. At that point, I would be very glad I have physical gold and silver. Not because it's going to produce wealth, but because it's going to "help" preserve it. A little gold is much better than a lot of paper that isn't "worth a Continental." How nervous are you?
4 Scary Charts Warning Of The Next Financial Crisis [View article]
"...you don't understand how economies and governments work." And, so if the country's wealth/debt is a wash, it doesn't matter? Well, yes it does, as the ones who saved the money will not be the ones that get to spend it. Just as in America - the reflation of the banking sector is coming out of the pockets of Joe and Maggie Sixpack, and their college graduate-with-no-jobs children. Tell me there's no problem there. Jamie Dimon will do quite well, thank you, instead of warming a cell, somewhere, he, along with hundreds of others who profited mightily off the machinations of the FED Chairman and the Banks-in-general, will do just fine. And, Mr. Obama will do just fine, giving his post-Presidential speeches to simpering masses of turncoat cowards who toast each other for dinner. The middle class is getting raped here, just like Japan's will be. Maybe it doesn't matter to currency traders in Dubai but it will certainly matter to Ms. Takanawa.
20 Signs The U.S. Economy Is Heading For Big Trouble In The Months Ahead [View article]
John Hussman: Recession Warning [View article]
Is a Crash Impending? [View article]
Even With A Fiscal Cliff Deal, Stocks And The U.S. Economy Will Unravel In 2013 [View article]
20 Signs The U.S. Economy Is Heading For Big Trouble In The Months Ahead [View article]
The Root Cause of the U.S. Housing Bubble Has Yet to Be Addressed [View article]
Even With A Fiscal Cliff Deal, Stocks And The U.S. Economy Will Unravel In 2013 [View article]
'Sell In May And Go Away' Might Come Early This Year [View article]
Forget The Jobless Recovery, Get Ready For The Full-Employed Recession [View article]
Oh, and it's been happening for years and will become more obvious over the next five. Now, all we need is amnesty for 11+ million illegal immigrants to really destroy the social services net in the country and our failure will become transparent to the world.
Bought and paid for by the weak, the timid, and the cowards, who never really understood middle school civics lessons, that freedom has to be worked for by everyone, all the time. Too many think that it was bought and paid for in some glorious moment of the past, and now they can sit on their butts and live off someone else's investments. Lethargy reigns.
Why Investors Should Be Cautious on Gold and Silver [View article]
The Secret Paulson-Goldman Meeting [View article]
1. Term limits for all of Congress
2. Remove ALL retirement benefits from Congressional service and make them use SS like the rest of the country.
3. If you've served in Congress, you may NEVER be a lobbyist.
4. If you've been a lobbyist, you can NEVER serve in Congress.
Now, THAT will go a long way to fixing this mess. We have to stop the cycle of trough-hogging that's currently built into the system. Then we need real healthcare reform, not the tripe that's currently being stewed up in back rooms of wherever. Couple that with an overhaul of the banking industry - no more too-big-to-fail EVER, and we might see some real Hope and Change, not the sewer water that's currently being served with the appetizers.
On Oct 21 09:55 AM elcopone wrote:
> Agreed, we need to redo the entire political process. Get rid of
> all lobbists, trade groups and special interest groups. Eliminate
> campaign contributions from corporations. Put in term limits. Make
> it so that if you work for the government, you cannot then work for
> in the private sector for at least 5 years after you leave office.
>
>
> That will fix this.
Investing In 2013: Remember 1977 [View article]
IBM: A Disaster In The Making [View article]
Gold: The Worst Inflation Hedge Ever [View article]
4 Scary Charts Warning Of The Next Financial Crisis [View article]
And, so if the country's wealth/debt is a wash, it doesn't matter? Well, yes it does, as the ones who saved the money will not be the ones that get to spend it. Just as in America - the reflation of the banking sector is coming out of the pockets of Joe and Maggie Sixpack, and their college graduate-with-no-jobs children. Tell me there's no problem there. Jamie Dimon will do quite well, thank you, instead of warming a cell, somewhere, he, along with hundreds of others who profited mightily off the machinations of the FED Chairman and the Banks-in-general, will do just fine. And, Mr. Obama will do just fine, giving his post-Presidential speeches to simpering masses of turncoat cowards who toast each other for dinner. The middle class is getting raped here, just like Japan's will be. Maybe it doesn't matter to currency traders in Dubai but it will certainly matter to Ms. Takanawa.