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  • Gold And Markets Married By Fiat: PM Collapse Precedes Markets [View article]
    Thanks for the summary of our present situation and your suggestions.

    My son is a graduate student a Seoul National University. When QE4 was implemented, he phoned me, weeping, explaining how the US economy is wrecked, irrevocably ruined. Recently he asked me, "What do you think will replace the USD as the world currency?" It seems to him that it will be the yuan. Clearly, China hopes it will be, and it seems to me that China is acquiring physical gold in an effort to back the yuan with gold, which would make those who have experienced hyperinflation prefer it, IMHO. For me, I think the Chinese government is making great strides in putting the yuan on par with the dollar.

    Your article is eloquent as it describes the decay and corruption of the Western banking system. Still, I am not quick to believe that all the tomfoolery, fakery, and manipulation means the ultimate destruction, or even the weakening, of our "oligarchy". I'm not a "conspiracy theorist." I merely talk and think about the "oligarchy" in ways that are similar to some of those who are conspiracy theorists, and I find that my assumptions and predictions work in my favor. I don't care whether people say these ideas are nutty or not. They are practical. East and West are doing the same things: managing human inventory, exploiting the natural environment, accumulating (regional) power, and keeping just enough chaos in the world to justify taking freedoms away from the common citizen. But the way they manage their currencies is different, and will create divergent futures.
    May 9, 2013. 12:55 AM | 2 Likes Like |Link to Comment
  • How To Fight Bernanke's War On Retirees [View article]
    For a 90 year old woman to still be financially independent is an amazing ideal and an achievement from a different era. I don't hope to have the same lifestyle when I'm 90. Those days are over, I think. I'll probably live like the rest of the elderly people in the world do: with one of my children.

    Should I save money for my old age so I don't have to depend on my children? Robin is right - at these interest rates, saving money is for chumps.

    The older generation demands to keep their independence, living in their own homes or in expensive assisted living centers. They demand Social Security and Medicare with no means testing. Viperman is right about some elderly being rich on pensions that suck money away from the rest of us. At the same time, young adults are moving back home, unable to achieve independence, and 25% of Americans raid their retirement savings to pay for current needs, and the haves and have-nots move farther apart while the middle class is fading away . . .

    The US is being pulled down economically and I find my lifestyle becoming simpler, more like it was in the 70s. Soon perhaps it will be more deprived, like in the 30s. Eventually, maybe like the Third World environment my great-grandparents lived in as subsistence farmers!
    Mar 2, 2013. 02:30 AM | 3 Likes Like |Link to Comment
  • My Mad Method Meets My Wife's IRA [View article]
    I'm just learning, so I want to ask you a question: you said, "it has taken a real beating in its price since I added it to my wife's account. No matter, really, as the goal is maximizing dividend income over the long term." When you're investing in your IRA, and you won't need to withdraw money for at least five years from now, can you ignore the stock's price fluctuations? When does price matter? Is the principle the same whether it's a Roth or a traditional IRA?
    Nov 30, 2012. 10:14 PM | Likes Like |Link to Comment