petyaczar's Comments

Climategate: Revolt of the Physicists

Tue, 01 Dec 2009 11:31:16 -0500

EVNOW,,, It is clear to me that you are a LUDDITE.

Now name calling is over, stick to the issues and either argue your points of view on the issues or just go away.In the words of Mark Twain (Its better to remain silent and have people think you a fool, than to speak and thereby erase ALL doubt)

So why don't you quit pretending there is only one side to the coin -and that happens to be your side. Admit the coin has two sides both of which represent points of view else the coin is by definition counterfeit - Just as so called manmade global warming - oh excuse me global climate change - notions are pseudo science foisted upon a gullible public be politicians and other scam artists.

Remember ALGORES favoirte form of Green power is YOUR money in HIS pocket.

Suggest you read Popular delusions and the Madness of Crowds, then go invest in tulip bulbs

IMO

On Nov 30 02:47 PM EVNow wrote:

> It is clear that deniers like you pick and chose what you want to
> present.
>
> Here is a good commentary on GCR and their "scientific" methods.
>
>
> www.realclimate.org/in.../

12 Cheap Growth Companies

Mon, 26 Oct 2009 11:34:29 -0400

Like the general valuation process, do not like the specific outcomes.

Also I'd add variables relating to
Dividend yield and Return on Equity

I'd get rid of short ratio <5

Personal preference.

The Economic Benefits of Climate Legislation

Sun, 25 Oct 2009 10:47:29 -0400

Folks, face up to it. Get past your denial of the obvious.

The "LYIN HAWAIIAN" is intent on selling us into SOCIALISM. his handmaidens the DIMLIBS of the dimocratic party are more then happy to do this.

The plan is to concoct a take over of the free market system by changing the accounting rules (institute MArk to Market) thereby ruining the balance sheets of all financial and insurance companies.

Then ride to the rescue by taking over companies, putting in payczars, drastically increasing government "benefit" programs,
debasing the U.S. dollar to the point where it is so weak the "carry trade" is now using U.S. dollars as itscurrency of choice- inflation is the cruelest tax of all on those who actually have accumultaed assets -

These increased government benefit programs will be paid for thru inflation and taxes by those of us who have accumulated assets, the benefits of these govt programs will go mostly to minorities, and illegal aliens who typically do not have any accumulated assets.

Some might rightly call it REPARATIONS, its time for us to enforce the U.S. Constitution, start visitng,writing and otherwise contacting each and everyone of our elected representatives in Congress and the Senate.- tell them we object to being sold into socialism and we intend to take our country back - the next election is in 2010 - and to the politicians, if you are not with us, then you are agin us, and we will vote you out of office. THEN DO IT before its too late.

PAYCZARS? We don' need no stinkin PAYCZARS.
Governent interference, we don' need no stinkin govt interference
Cap and trade? we don' need no cap and trade.
Free government heatlhcare for illegal aliens and minorities - we don' need no free government healthcare that the rest of us end up paying for

The Economic Benefits of Climate Legislation

Sat, 24 Oct 2009 11:12:38 -0400

PS>> Technology to supplement and eventually replace conventional combustion of fossil fuels is the answer. Petroleum in all its carbon forms (coal oil,gas,) is far too valuable to burn. as it is the source material providing the building blocks for all sorts of products like plastics and pharmacueticals.

SOLAR is the answer. Every 30 days the Sun radiates more free energy onto the earth than mankind has used throughout his history on this planet.

Every 30 days, Solar is basically limitless,clean,and reliable energy. All we have to do is harness it -as we are learning to do.

PPS Screw all the politicians they are luddites catering to the bread and circuses crowd,

On Oct 24 08:49 AM Dave Marsh wrote:

> "electric cars in those states at the moment probably result in as
> many greenhouse gases as regular cars because of power plant emissions.
> " This is an incorrect statement, and surprising, coming from an
> entity call "Greentech Media". Electric motors using in EVs have
> a mechanical (thermal) conversion efficiency of greater than 95%,
> vs, combustion engine efficiencies around 25%. This inherent higher
> efficiency means that even powered by 100% fossil fuel power, an
> electric car will result in at least three times less CO2 per car-mile;
> the ratio just gets better and better as the percentage of source
> power from fossil fuel decreases.

The Economic Benefits of Climate Legislation

Sat, 24 Oct 2009 11:06:32 -0400

Coal is burned to create electricity, electricity losses in transmission and distribution can amount to as much as 90% wasted. (not used for productive purpose, lost in line etc)
The electric car is charged up with the residual remaining available 10% of the electricity originally produced.

You need to reduce your elec efficiency numbers by some 90%.

Also I refer you to the 2nd Law of Thermodynamics that states there are NO perfect 100% efficient processes. That is why perpetual motion machines are impossible, Every step in the production chain has its losses, the fewer steps,the fewr losses.

combustion,centralized distribution, then battery charging, then driving the NET cost represents the true efficiency of the system, not the gross numbers of a mere sliver of the system repesented by your numbers.

PS there is no man made global warming. merely luddite lunacy and a con game to come up with new bxllshxt ways to tax us and make money out of fear, uncertainty, and doubt. FUD strikes again.

On Oct 24 08:49 AM Dave Marsh wrote:

> "electric cars in those states at the moment probably result in as
> many greenhouse gases as regular cars because of power plant emissions.
> " This is an incorrect statement, and surprising, coming from an
> entity call "Greentech Media". Electric motors using in EVs have
> a mechanical (thermal) conversion efficiency of greater than 95%,
> vs, combustion engine efficiencies around 25%. This inherent higher
> efficiency means that even powered by 100% fossil fuel power, an
> electric car will result in at least three times less CO2 per car-mile;
> the ratio just gets better and better as the percentage of source
> power from fossil fuel decreases.

7 Dividend Stocks Increasing Cash Payouts

Sat, 03 Oct 2009 10:14:22 -0400

IMO.. why mess around with 1-2% dividend yields? Try MO, PM, VZ, AT&T with strong cash flows and secure dividend yields of 6-7+%.

Why the Dow Is Headed to 6000

Tue, 30 Jun 2009 16:29:11 -0400

PRoblem is = in the words of Martha and the Vandellas = "There's no where to run to baby, no where to hide"

1)What to do in an environment (global and U.S.) in which the U.S. $$$ will not be worth squat, most all currencies are U.S. Dollar pegged one way or another and so paper money won't be worth squat.

2)Hyperinflation and a "new U.S. Dollar = $100 Old U.S. Dollars, and possession of Gold in all forms and hardmetals once more outlawed.

3)All leverage collapses down to 1:1

4)All municipalities go bnakrupt as RE Taxes fall by 80%

5)No payroll taxes to speak of coming into treasury

6)Social Security and Medicare Bankrupt as we speak.

7)Mass starvation and food riots as the infrastructure falls apart and can no longer support the population = only politicians get to eat.

Other than a store of basic commodities = guns and bullets.
Where do you invest to preserve capital (financially and from the political theives) on Mars?'

Answers would be welcome please. IMO

Carbon Credits: An Economic Scam

Tue, 30 Jun 2009 09:48:31 -0400

Man made gLobal warming is a hoax, and cap and trade is a Madofff like scheme to make money by trading "rights".. This is OK with the Feds because it results in the largets tax increase in history and transfers power from the people -the market - to the Federal government.

I have forest land in Wisconsin.-nothing but trees. It emits zero Co2. The guy down the street emits 2 tons Co2 per second, He must buy a "right" from me, in order to continue to do what he is currently doing.

Net co2 into the atmosphere is unchanged = 2 tons co2per second, I get some cash for selling a "right" -the Trade- and the govt gets a payment in the form of taxes for both my right to make the trade and the others guys right to mitigate the cap.

A FARCE!!!!!!!!!!!!!!!!!!!!

As Solar Sector Flies, Pay Attention to Values

Wed, 27 May 2009 12:36:26 -0400

Solar energy has a bright future, The U.S. government tax credits will serve all providers well as the market gains momentum.
The biggest players will be the biggest winners.
STP is both a solar play AND a China play AND one of the largest most profitable suppliers on a global basis.

IMO

Porsche at Risk of Bankruptcy, Unlikely to Find Much Sympathy

Tue, 26 May 2009 22:10:54 -0400

The Chinese or Indians will buy Porsche AND in doing so, gain control of VW

IMO

Campbell's Is a S(o)uper Buy - Barron's

Sun, 10 May 2009 08:58:07 -0400

mmm,mmm, good,

Leaving Green to the Free Market - Barron's

Mon, 27 Apr 2009 11:05:06 -0400

Teutonic Knight, And in support of your comments, we can see that the Obama administration has copied the Mafia business model = imitation is the sincerest form of flattery.
The current government
1)Changes the rules of the game (Mark to Market, FASB157, ) etc
2)Picks and chooses resulting winners and losers (Corporations)
3)Offers Money You Can't refuse to selected target corporations
4)"Partners" up with these Corporations - ie muscles in
5)Changes the rules AGAIN and AGAIN
6)Gets more and more involved in operations of the Corporations
7)Removes management they do not like
8)Brings in their own management - ie Cousin Vinny
9)And when the poor partner wants out, wants to return the money and sever the forced partnership.. welll.....

Sorry, you can't get out of the partnership, and you can't give us back the money.

Socialism is a train that leaves the station one railroad car at a time.AND it never takes you where you want to go.

IMO

On Apr 26 10:45 AM Teutonic Knight wrote:

> petyaczar,
>
> There may be some more subtle differences. I listed some below.

>
> The Mafia has efficient and effective management, fewer layers of
> management and streamlined policies and procedures. Unlike our Congress
> and many "Too Big to Fail" companies. They have less overhead as
> they would not have to pay princely sums to the image maker firms.

Leaving Green to the Free Market - Barron's

Mon, 27 Apr 2009 10:54:41 -0400

Dear Dim/Lib

Socialists -Liberals want to control everything,because they don't understand how anything works.
Conservatives don't want the government to control anything because conservatives understand how things work.

In the words of Thomas Jefferson "He governs best,who governs least"

BTW I am a Constitutional Centrist, why do Dim/Libs think that anyone who disagrees with them is a "Far Right Conservative?" (sic)

ROFLMAO

On Apr 26 11:23 AM User21284 wrote:

> It's great to read the perspective of those who would compare democratically-elected
> government to the Mafia, and who opine that (unlike our government)
> the Mafia feels a moral obligation ... to do anything. Speaking of
> poison - this is a pretty good measure of the degree to which the
> conservative Right, led by their talk radio arm, has succeeded in
> poisoning the minds of many Americans to the degree that they feel
> our government is worse and less moral than the Mafia. These folks
> aren't joking - they really believe it.
>
> Sure, let's leave it all to free enterprise. The government couldn't
> possibly have developed the A-bomb or put a man on the moon or run
> a decent military or a local police force or fire department or built
> a national road system. And there couldn't possibly be thousands
> of people working at local, national and state levels such as Americorps
> volunteers and community organizers (Obama, for example) and teachers,
> who come back from their educational experience to give back ...
> and thousands who work at federal agencies like the EPA, where the
> end product is not to market another brand of "new and improved"
> detergent, but to make our lives a bit better and safer. Any of the
> aforementioned must be incompetent losers - because they're not motivated
> first and foremost by money! ... and therefore, whattheheck good
> can they be.
>
> Let's get the dirty hands of the government off of the effort to
> save the planet, and leave it all to free enterprise. Without Greed,
> there can't be Green!

Leaving Green to the Free Market - Barron's

Mon, 27 Apr 2009 10:08:58 -0400

Mr, Young,, You are factually incorrect regarding acid rain.
We can all thank the Government = EPA = for acid rain.
In their attempt to control Sulfur emiissions from autos, EPA mandated catalytic converters. These catalytic converters spew out H20 and S02 and other gases. What do you get when you increase S02 emissions into an ambient environment containing humidity. H20+S02 <=>H2S04 plus other compounds.

In case you do not know, h2so4 is Sulphuric acid, this came back down to Earth when it was washed out of the atmosphere by rain = ACID rain.

Now you know. The Free Market had nothing to do with it, it was unintended consequences resulting directly from government edict.

On Apr 26 11:14 AM Alan Young wrote:

> So the free market which brought us acid rain, near-extinction of
> whales, bison, and condors, oil-slicked beaches, and arsenic-laced
> water supplies, should have been left alone to clean up those messes--when?
>
> There are bull markets, and then there are.... contest.newyorker.com/...
>

Leaving Green to the Free Market - Barron's

Sun, 26 Apr 2009 10:28:20 -0400

What is the difference between the Government and the Mafia?

The mafia believes that when they take your money, they have a moral obligation to provide entertainment or some kind of service.

The government believes only that when they take your money, they have a right to more of your money.

Whatever happened to the U.S. Constitution and the Constitutional Republic for which we stand.?

A Very Smart Plan for Federal Smart Grid Grants

Wed, 22 Apr 2009 13:32:01 -0400

ALso pease do not forget the Beacon power California power station currently under construction.

California and New York. The 2 biggest states in the mainland U.S.A. - after texas leaves the union.

Beacon will get the money, and Ca and NY will help them get it IMO

On Apr 21 09:44 AM mcadoo3312 wrote:

> BCON is at the top of the list to receive the DOE loan guarantees.
> They should certainly be considered in your analysis, especially
> as their plans for a NY power station have already received the environmental
> green light from the administration.

A Very Smart Plan for Federal Smart Grid Grants

Wed, 22 Apr 2009 13:28:55 -0400

IMO I've gpt 3 words fpr you BCON BCON BCON
Beacon Power the smart grid power demand solution,

IMO already responding to the ARRA funding

Mark-to-Market vs. Mark-to-Model: What Ever Happened to Real Value?

Sun, 19 Apr 2009 22:26:58 -0400

mike your comment "It makes no difference what accounting rules you use." has to be the most ignorant and ridiculous comment I've ever heard regarding financial reporting. Perhaps you misspoke.
M2M = the change to the accounting system= has resulted in the loss of $11TRILLION DOLLARS in the market value of holdings by the American people AND ALSO the establishment of Socialism over the free market system. A government Coup deTat.

Fascinating!!! I will assume you misspoke, miswrote, and/or were suffering an ischemic event of some sort.

ROFLMAO....

PS If the accounting system didn't matter, then why use one at all, why not abolish it (The system) and allo each individual entity to use their own individual accounting system.

Your comment was IMO ridiculous in the extreme. -if that's possible.

On Apr 18 10:12 AM Mike Razar wrote:

> Guess what, children. It makes no difference what accounting rules
> you use. A balance sheet consists of lots of data. An accounting
> number (like an assigned asset value) is an arbitrary calculation
> made by, umm, an accountant. Why not act like capitalists and let
> the market decide? Clearly MTM is ambiguous in illiquid markets.
> But it is usually possible to estimate various mtm values. The problem
> is that ALL valuation models are flawed. They rely on a collection
> of unverifiable parameters. The oft cited "discounted cash flow"
> model is a good example of this. You must choose a discount rate.
> Do you think you know the correct one? Is there even a correct one?
> At best there is a probability distribution of various discount rate
> values. Then there is the probability distribution explaining future
> defaults. Do you know how to calculate those? I sure don't. The way
> to trade profitably is to disagree with someone else's probabilities
> and be right, or lucky.
>
> So let a thousand flowers bloom. If you believe in transparency,
> report a variety of "values" for an assset, each based on a clear
> set of assumptions. Use a cash flow model, but identify it as such.
> The same with a mtm value. The same with Barney Frank's opinion of
> its value. Maybe then we can end this stupid argument once and for
> all.

Mark-to-Market vs. Mark-to-Model: What Ever Happened to Real Value?

Sat, 18 Apr 2009 09:34:13 -0400

MArk to Market is a FOOL's MODEL that is the root cause of an accounting debacle that created a financial crisis and a credit crunch that has enable a government Coup deTat of the captialist free enterprize system.

Mark to Market was in place and a major contributor to the Great Depressino of the 1930's. They got rid of mark to market back then, and only reinstated it recently.

Proving once again that Those who do not learn from history are doomed to repeat it.

The idiocy of the mark to market model is that M2M requires a willing owner (UNWILLING SELLER) value a performing asset generating cash flow down to such a low price that a disinterested potential buyer (UNWILLING BUYER) theoretically becomes interested in buying the asset even though it is not for sale.

This is beyond stupid. NEVER confuse accounting with reality.Kill Mark to Market, drive a stake thru its heart,cut off its head,burn the corpus delecti,so it can never arise again to destroy trillions of dollars in equity thru the stupidity of its underlying assumptions.

Rescind Sarbanes Oaxley and FASB 157 = MORE IDIOCY
Reinstate :
Glass Steagall ACT separating investment/commercial banks.
AND the uptick rule on stock short sales

Replace these idiots in Congress who have caused this problem thru their "tinkering" with people who understand how business works and believe in the free enterprise system

IMO

Mike Mayo's Seven Deadly Sins of Banking

Tue, 07 Apr 2009 10:19:11 -0400

mayo should learn the difference between AVERAGE mark don as a percent of all assets, AND MARGINAL mark down of nonperforming (impaired) assets.

If the top of my body is located at 129 degrees and the bootm half of my body is located at 68 degrees, then my AVERAGE temperature is perfect at 98 degrees. but the temperature at the margins really has nothing to do with the average. AND SO IT GOES with mayo's "average markdown of only 2%!!!! meaningless statistic. IMO

Mark to Make-Believe

Tue, 07 Apr 2009 09:37:01 -0400

Mark2MArket is nonsense, it should be called mark to model = mark to last distressed sale model.

M2M requires a willing owner (unwilling seller) with performing assets mark them down to a discounted value so lo that a disinterested potential buyer (unwilling buyer) would consider buying the asset.

what nonsense this mark to market is it helped create the great depression of th 1930's and that is why they got rid of m2m in the late 30's.,

Welcome to Salvation (aka Mark to Myth)

Mon, 06 Apr 2009 13:14:32 -0400

Hello Joe,

You do know that ALL companies, including banks, have had strict write down rules on assets. IE when nonperforming assets could be written down, when nonperforming assets could be written off.

They also had rules on performing assets. AND one of these was that performing assets COULD NOT BE WRITTEN OFF or down - as this would enable companies to hide earnings in reserves.

Really!! MArk to Market is beyond stupid, Mark to market got us in trouble in causing the Great Depression of the 1930's, and Mark to MArket enabled the politicians to pull off a Coup deTat of free enterprise system - Much to be soon regretted by most all Americans when they see what the politicians have wrought.

IMO

Welcome to Salvation (aka Mark to Myth)

Mon, 06 Apr 2009 10:18:14 -0400

Mark 2 Market should actually be called our for what it is
Mark to Model where the model is based on the last sale
Ergo M2M is really mark to lasat sale.

Mark to Market is beyond Stupid. Its a theoretical construct that requires a willing owner (Unwilling seller) to mark down his assets to the point that a disinterested (unwilling potential buyer) might consider buying the asset.

Show me where - in the real world - An willing owner/unwilling seller is required to mark down assets to the point where an unwilling buyer might consider a purchase of said assets.

Only in Bizarro World. Never confuse accounting with reality.

Dump Mark to Market as they did in the 1930's when they determined Mark to Market contributed greatly to the Great Depression as it sets up a cyclical feedback loop, the worse things get, the greater the mark downs and so the worse things get.

Destroy Sarbanes/Oaxley, get rid of FASB 157.
Reinstate Glass Steagall ACT separating commercial and iinvestment banks
Reinstate the uptick rule on short sales
Up margin requirements on commodities trading to 50%
GET ALL POLITICIANS out of attempting to run U.S. companies.
Make it illegal for politicians to interefere with U.S. copmany operations.

IMO

The Mark-to-Market Myth

Fri, 03 Apr 2009 20:41:03 -0400

Jolly Rancher IMO Mark to Market was an idiotic theory, one that made the Great Depression of the 30's Great, and that is why the govt got rid of M2M in the 30's.

FASB 157 should not be weakened, it should be destroyed, eviscerated, killed off, dismembered.

M2M is merely mark to model where the model is the last sale.
and that is beyond stupid IMO

You apparently forget the basic accounting equation ALE
Assets = Liabilities + Equity
And you forget the nature of the relationship between the P&L and the balance sheet.

Go ahead, try an example of a company with $100 in assets generating cash flow)profit) of 10% a year, and a capital structure of $50 in liabilities and $50 in equity.

Now mark down those performing assets to $50 on the balance sheet. - even though they are still generating $10 in profit per year.
Now look at your capital structure needs. No lender will lend you money as you have no equity left in the business and you are over leveraged on your balance sheet., You no longer make a profit as you need to reserve the $10 against balance sheet losses.

Stupid stupid stupid is what M2M is all about. It stunk in the 1930's when it exacerbated the Great Depression, and M2M stinks in the 2008 when it exacerbated, and caused, the GREATER DEPRESSION of the 21st Century and fiacilitated the Coup deTat of the free Enterprise System by the ingnoramuses in Congress who want to bring in socialism so they can increase their power over everything.

IE Congress is a bunch of left winger DIM/LIBS who want to run everything because they don't know how anything works.

Really!!!!!!!!!!

The Mark-to-Market Myth

Fri, 03 Apr 2009 13:14:23 -0400

Couldn't disagree with you more!

M2MKT is the root cause of the current economic problems/
M2MKT created an accounting changem that caused an accounting balance sheet problem, that turned into a financial problem, resulting in a financial panic and tightening of credit that brought the U.S. economy to its knees.

You do know that MArk to MArket existed prior to and during the Depression of the 1930's.

MArk to Market is beyond stupid. M2Mkt is really mark to a model, call the model = Mark to last sale.

Mark to Market requires a willing owner (unwilling seller) to discount the value of his assets to the point that a disinterested (unwilling potential buyer) person would sit up, take norice and maybe decide to buy at fire sale prices.

How anyone can defend this stupid M2M accounting requirement is beyond me! It is beyond stupid to attempt to defend M2M/

Kill M2Mkt, drive a stake thru its heart, dismember its head and burn the corpus delecti.

How many times do the stupid politicians have to repeat their mistakes? They caused this problem by meddling with the accounting system. The politicians pulled of a Coup deTAT of the capitilist free enterprize system and now the politicians own control of the banks, autos,insurance companies and we are marching down the road to socialism and hyperinflation.

Also get rid of Sarbanes/Oaxley, reinstitute the uptick rule on short sales, increase margin requirements on commodity futures trading to 50% - same as for stocks- and bring back Glass Steagall Act separating commercial and investment banking.

In other words bring back the reforms put in place to get us out of the Great depression of the 1930's BEFORE we face the GREATER DEPRESSION of the 2010's.

IMO your article and assertions are NONSENSE

Pluto: Suntech Power's Shot at Technical Glory

Mon, 30 Mar 2009 09:52:40 -0400

IMO

Solar generally and STP specifically

Cost of materials going down dramatically as supply improves,
Cost of production going down as production volume increases
Govt programs all in support with credits, etc.
Efficiency of solar conversion going up
competing power sources costs and taxes going up
demand skyrocketing with growth of 40% + per year
China energy short in a 8% growing economy
China sees self sufficieny in energy as a critical success factor
China flush with cash and more coming in every second
STP is a Chinese Co so you get a solar play and a China play
China will not allow STP to wallow
whats good for STP is good for China

IMO

Geithner's Plan: Mark to Market Tomfoolery

Tue, 24 Mar 2009 11:09:20 -0400

MArk to MArket is the root cause of our accounting problem that became a balance sheet problem, that begat a financial problem that turned into a financial panic as it cuased credit tightening.
The politicians created mark to market, the politicians should simply kill it, restore Glass Steagall, and the uptick rule on short sales.

Mark to Market is based on the crazy notion that a willing owner (unwilling seller) must mark down a protfolio of performing assets discounting the price of those assets down to the point where an unwilling/disinterested potential buyer might become a willing buyer. - THIS IS BEYOND STUPID.

Your analysis rightly points out the straighforward solution eliminating the circuitous route concocted by the Treasury.
However, the straigh forward solution has one fatal flaw. It does not allow the politicians to take over and control the free enterprize system. The politicians have pulled off a Coup deTAT of the free enterprize system, and are now in control. The politicians will not easily give up that control - we must wrest it from them, at the time of the next election.

We defeated the Communists - Thanks President Ronald Reagan -The commies have become Capitalists and returned for the next round of competition. Meantime, the U.S. has turned to Socialism and the politicians are now in charge of compensation, benefits, meeting agendas and locations, corporate jets, and everything else they can glom onto.

Will we win the next round of competition with the morons in Congress attempting to run the economy from their poilitical tower? remains to be seen.

Vote em out of office in the next election. IMO

Gold Bulls Should Stay Away from Gold Stocks

Sun, 22 Mar 2009 11:19:09 -0400

In 1970's when Nixon decoupled the U.S. Dollar from Gold. Turing the Dollar into a Political Fiat currency to pay for the Vietnam War.

1971 : 1 Oz of Gold = $35
2009 : 1 OZ of Gold = $900

SOOOOOOO the 2009 dollar is worth only 4%+/- of the 1971 Dollar as measured against the Gold Standard of 1 oz of Au.

This destruction of the U.S. Dollar has occured over my working lifetime.

In the Obamanation, just wait, going forward the U'S' Dollar will become truly worthless and we will wistfully dream of the days when a "dollar was a Dollar" and worth 4 cents when measured in 1971 dollars.

Watch for a "new currency" and a reverse split on old dallars of at least 1:10 and maybe 1:100 One NEW dollar = 10 old dollars, or one hundred old dollars. Watch for old dollars to be "called in" 6 months or so after NEW dollars are issued.

Watch for hyperinlfation. Borrow LONG and fixed. Buy and take possession of HARD assets such as the metals.

The Obamanation will mark the end of U.S. ascendancy and it will turn real ugly before it finally turns any better.

IMO

10 Reasons Why We Still Haven't Hit Bottom

Sun, 22 Mar 2009 11:05:46 -0400

1)When the tide is going out, it lowers ALL boats that are still afloat.
2)Wait till the tide turns before betting on which boats will rise with the incoming tide.

To Artful Dodger, from another "old cat" who bought his first stock in the late 60's. just in time to gain enough investing experience - already had the hubris - to position myself for the fiasco of the mid 70's.

IMO we are not staring into the abyss of the Great Depression, No, IMO we are staring into the abyss of the GREATER DEPRESSION. and this will be the legacy of the Obamanation = good intentions, no experience, and lack of competence coupled with plenty of hubris.

The Bonus Tax: The Redistribution of Both Wealth And Talent

Sun, 22 Mar 2009 10:54:35 -0400

Look, lets call the confiscatory tax on those who make more than Congressmen what it is. REPARATIONS and be done with it.

Lets pass a law that makes ANY politician who fails to deliver on campaign promises, subject to a CLAWBACK, and said politician(s) would have to repay ALL salaries and benefits, and LOSE their office and ALL pensions, benefits, including healthcare AND the right to act as a political lobbyist for 20 years.

These politicians are the root cause of this problem. We must get rid of them replacing them with real Americans from the real world at the next opportunity.

IMO