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  • Krugman, Keynes, And The Economy [View article]
    I realize that not everyone is cut out to pursue educations in those fields, nevertheless if I were in charge, I would certainly subsidize them re: student loans, and everyone in the country would know that the USA placed an emphasis on those skill sets that had to the potential to produce high value for investment. As much as I like the symphony, I would not provide money for student loans for musicians, etc.

    The billboard I drive by every day says 30% are not finishing HS. I recognize that as a significant issue. How do you motivate or make those people understand that it's not really up to them. They can't choose to take a casual approach to education and expect society to foot the bill later for their choice.

    There will always be a need for retraining. And it should be easy for anyone to pursue that training they need to qualify for a job. So if you want unemployemnt compensation, then there is a requirement. You spend half your time looking for a job and half your time retraining for something.

    I am all in favor if fiscal stimulus. You can see that below in my comments. I would actually be more willing to accept a $10 Trillion program than a $5 Trillion program....assuming there were some smart people involved in determining what we spent the money on.

    Roads, bridges, etc....are neglected because politicians elect to spend money on other programs, emptying the highway trust fund, instead of using it to pay for roads. I could go on and on and on about the stupidity of the people who are charged with road building and spending DOT money. Simple comment....look at any intersection and tell me why we need a traffic light for each lane? Why do we need a timing light to tell people when to stop crossing? Why do we need sculpted transitions from the side walk to the road with nubbins on them ( to stop skate boarders).

    So let's spend the money, hire the people, educate people, create a competitive advantage against the rest of the world and go kick some buttocks.

    BTW, I agree....deficits are meaningless. We have a printing press, and we don't need to sell debt to anyone to finance government spending.
    Jan 3, 2012. 05:07 PM | Likes Like |Link to Comment
  • Gold Holds Hands With Stocks [View article]
    "Despite the strong correlation in daily moves, the overall direction over this six-week period couldn’t be more different: Gold has fallen a total of 4.5 per cent, while the S&P 500 has risen 7.2 per cent, marking an 11.7 percentage point difference."

    How do your numbers for the last 10 years look - Gold vs. S&P?
    Jan 3, 2012. 04:17 PM | Likes Like |Link to Comment
  • There's more than meets the eye to the Fed’s decision to start publishing expected targets for the Fed funds rate. “It’s a way to not only influence the public’s understanding [of Fed policy] but also the shape of the yield curve,” RBS analyst John Briggs says. The Fed hopes it can use its own forecasts to more directly push Treasury yields in a direction to help it meet its policy goals.  [View news story]
    The Fed's approach has been fundamentally worthless over the last several years. The banking brotherhood makes money by lending. Purveryors of debt have ruined the world IMHO. It's time to see some deflation and watch the banks try to figure out how to state their earnings when the value of all their loan portfolio's drops by 50%.

    Hmmmm.....that old story about leverage is a two edged sword. And thus you will see all sovereigns pull out all the stops to inflate in order to save their banking systems.... The only problem is the sovereigns won't act fast enough to keep the banks from sucking an embolism into their brains.
    Jan 3, 2012. 04:14 PM | Likes Like |Link to Comment
  • Why Is Gold Dropping? [View article]
    What was the Christmas movie, "The Tower" I think it was with Eddie Murphy. The car in the penthouse was made of gold and painted over. I'll mold them as an "antique collectible" and never drive the succor anywhere... unless I need to make a run for it. Thanks for the idea.
    Jan 3, 2012. 03:58 PM | 2 Likes Like |Link to Comment
  • A Simple Formula For The Fair Price Of Gold [View article]
    Though I do think that if you ran Difu Wu's analysis for 100 years of data ( from 1900 to 2011) instead of 200 years of data, I don't think you would find a trend line that would fit with any significant correlation. In fact the last 50 years seem to show less and less.

    Personally....I am on record for Dow = Gold of 1 to 1 within 2-3 years. I may change my opinion after the 2012 election.
    Jan 3, 2012. 01:23 PM | Likes Like |Link to Comment
  • Why Is Gold Dropping? [View article]
    Bird-man...and you can rest assured that if any of the events you mention above happens, I will be looking for very "creative" ways to turn physical silver into nice tea sets, jewelry, silver bullets, beautiful saddle ornamentation, coasters, and anything else I can think of...hey wait, what about a silver picture frame. I may just silver plate my car....what do you think?
    Jan 3, 2012. 01:05 PM | 1 Like Like |Link to Comment
  • Silver Over $50 Coming Sooner Than You Think [View article]
    vision...ZSL only traded as low as $13.69 today, but I picked up a very small quantity. My approach on ZSL is to gradually add as silver goes up. With no specific approach other than gut, I will target for additional shares in the $13.50 range.
    Jan 3, 2012. 12:59 PM | Likes Like |Link to Comment
  • Why Gold No Longer Makes Sense [View article] is also a means of manipulation for manipulators. One day we will see that all the gold is gone from GLD just like we saw all the money is gone from MF Global. GLD was/is a way for the banksters who created it to sweep up physical gold using other peoples money into a location where they can manage it to accomplish what they want. In the end they will steal it. And they will settle with shareholders for paper money. That is my opinion....based entirely on the track record of the banksters.
    Jan 3, 2012. 12:08 PM | 3 Likes Like |Link to Comment
  • A Simple Formula For The Fair Price Of Gold [View article]
    Difu Wu.....thank you very much for your response.
    Jan 3, 2012. 11:09 AM | 1 Like Like |Link to Comment
  • A Simple Formula For The Fair Price Of Gold [View article]
    Thomas...thanks for the lucid argument. I certainly would like to think it's straight forward enough to put to bed some of the "bubble" comments. Exchange rates rise and fall and there are things that drive them. The exchange rate between USD and Gold does the same. Sometimes there are exegencies that suggest dramatic changes overnight. But, and you are right, when it's all said and done, it's just a market representation of what people are willing to exchange a fiat currency for a precious metal.
    Jan 3, 2012. 11:08 AM | Likes Like |Link to Comment
  • Why Is Gold Dropping? [View article]
    Johnbee...I would just be happy if the government would actuall spend the trillions they spend in a way that would produce some kind of ROI.
    Jan 3, 2012. 10:23 AM | 2 Likes Like |Link to Comment
  • The Gold-To-Silver Ratio And $200 Silver [View article]
    A like I have given you , Monkey Bear. And a double like is attached... ---^---^--- (that's two thumbs up jus tso you know).
    Jan 3, 2012. 10:19 AM | Likes Like |Link to Comment
  • Krugman, Keynes, And The Economy [View article]
    Netbluesky....dang, is that gonna add another Trillion....oh well....OK, you got it.
    Jan 3, 2012. 10:17 AM | 1 Like Like |Link to Comment
  • Why Is Gold Dropping? [View article]
    The concept of a capital gains tax on the purchase and sale of PM suggests that one actually reports such transactions?
    Jan 3, 2012. 09:02 AM | 1 Like Like |Link to Comment
  • According to Steve Keen's Debtwatch, the coming decade (or two) hinges on one thing: how quickly the U.S. can move through the damaging process of debt-deleveraging. (Manifesto alert - this one's a doozy.)  [View news story]
    "how quickly the U.S. can move through the damaging process of debt-deleveraging."

    And suppose the U.S. can't move through the process at all ??
    Jan 2, 2012. 11:20 PM | Likes Like |Link to Comment