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jimijmurphy

jimijmurphy
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  • Congressmen Weiner and Waxman Set Gold Hearing [View article]
    Gold is money. Central banks don't hold commodities as reserves. The good news is the US has alot of it, relative to some other counties who would like to have more. The bad news is nobody "who doesn't work for the government" has seen it in the last 40 some years!

    Buy physical gold to hoard for the long term, plant it deep in the garden and forget it. It's insurance, not investment, so dont get greedy. Something has to happen to close out the short comex positions of the banksters. Don't get caught with a bunch of paper gold. And if you think there is truly enough gold held by the bullion banks to cover the paper sold, Bernie Madoff has some great hedge funds to consider. I don't know, just wondering.
    Sep 19, 2010. 12:43 AM | 1 Like Like |Link to Comment
  • Austerity vs. Stimulus: Damned Either Way? [View article]
    Am I confused about debt/GDP? Shouldn't "off balance sheet" items be included in this discussion? Both public and private debt for that matter. I could only dream that real U.S. debt would only be 100pct of GDP. I'm fairly certain that americans are counting on these services and pensions be they federal, state or local obligations. Would that be like 1000pct of GDP???

    So if it's a T-bill, it's debt? If it's an unfunded liability, it's cream cheese?
    Aug 26, 2010. 10:12 AM | Likes Like |Link to Comment
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