To the Moon Alice!!!
Replies to This Discussion
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Permalink Reply by Steve W on -
I doubt that we are on our way to another planet, but we may be back to the early December price points within a few weeks.
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Permalink Reply by Lureuin on -
There is no way that the major players that hold our debt are dumb enough not to see that our plan is to inflate it away. We the people will pay, and they stand to lose a lot. There's nothing we can do but suffer, they can jump ship. I expect 2010 to be the year that see's the rapid decline of the dollar, especially when the government announces that they need to print more money to bail out the states.
Unless we the people wake up and take our government back from big business and special interests, there is nothing but darkness on the horizon. 2010 is the year that we can show them we have had enough by not re-electing any incumbent. Part of the reason some of the more prominent names are backing out is they know "Ship's gonna hit the fan this year" and they don't want to be in office when the people come a knockin.
http://www.youtube.com/watch?v=662R2awSwPQ&feature=player_embedded
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Permalink Reply by Steve W on
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L,
You are as bad as I am about political discourse. That is alright. I certainly understand. I do agree that we have a major problem, but I do not really see an alternative to the current course of events because of the political/economic climate of America. As I have said the simple answer is TAX More and Spend Less! How do we get people to accept this logic?
This solution is unpalatable to most Americans during a recession. Republicans will treat any tax increase as a Communist Plot and Democrats will continue to clamor for government programs regardless of cost. Somehow a compromise must be reached before we experience the Argentina Syndrome!
I do agree that Gold will offer some safe haven against the inevitable inflation brought on by massive deficit spending and currency/credit expansion. PM investments will not solve our national problems or grow the economy.
Lureuin said:There is no way that the major players that hold our debt are dumb enough not to see that our plan is to inflate it away. We the people will pay, and they stand to lose a lot. There's nothing we can do but suffer, they can jump ship. I expect 2010 to be the year that see's the rapid decline of the dollar, especially when the government announces that they need to print more money to bail out the states.
Unless we the people wake up and take our government back from big business and special interests, there is nothing but darkness on the horizon. 2010 is the year that we can show them we have had enough by not re-electing any incumbent. Part of the reason some of the more prominent names are backing out is they know "Ship's gonna hit the fan this year" and they don't want to be in office when the people come a knockin.
http://www.youtube.com/watch?v=662R2awSwPQ&feature=player_embedded
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Permalink Reply by Lee Grant on -
But Goldman/Sachs pays everybody bonuses of $600,000. And our Treasury Secretary is one of the great Wall Street crooks. And the President thinks everything is fine as his economic advisors drive the country off the cliff. Yes this is politics but not partisan politics because the problems were created by Bill Clinton, accentuated by George Bush, and perpetuated by Hussein Obama.
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Permalink Reply by True Money on -
Come on! Use your common sense to see the big picture. Just 30 years ago, corporate executives were making 10 to 30 times what the average worker was making. Today, corporate executives are making 300 to 500 times what the average worker is and they are receiving extra bonuses paid for with TARP! Even professional athletes have reached the levels of such tyranny! Ask yourselves this. What do they produce that benefits us as a people or nation? Nothing!!!!!!!!!! Wealth has been divided between the working class and the tyrant through greed and mind games. Currently, I boycott anything related to professional sports. They have priced themselves out of my business. However, there are still people who will pay $27,000 per year just for one single seat for season tickets at Fenway Park to watch a bunch of mediocre overpaid spoiled baseball players play a child's sport! Well, you may be saying they provide entertainment. However, there are infinite forms of entertainment that yield something of tangible value. That is why I choose numismatics as my major form of entertainment. I can invest, expand tangible wealth, and enjoy the entertainment of it at the same time. What is that season ticket holder left with, a garbage bag of ticket stubs and an empty bank account that cannot pay the mortgage on their house that is more than the house is worth. Remember this quote from Renaissance Man, "The choices we make dictate the lives that we lead." Danny DeVito definitely has one of the greatest quotes from any movie that relates to true life events.
-True Money!
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Permalink Reply by Lureuin on
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There is a very big difference between you and I on any political slant Steve. You wear your affiliation on your sleeve and defend the left till you're blue in the face. I simply hate them all because of what they have allowed to happen to the law making process that was set up by the originators of the constitution, who gave us plenty of warnings about situations to avoid. I actually feel quite bad for Obama, who had nothing to do with the mess we as a country are in, because he thought that the crooks in congress (on both sides) would actually allow things to be changed. His only fault is naivete, which I think a lot of us were by thinking someone could bring about change.
I also keep my politics in the only section they have any business in; precious metals, because their prices are a direct reflection of political climates.
But no harm no foul, as I enjoy good discourse about the happenings of the world around me and appreciate hearing different perspectives, such as MoneyMan's above which is a slant I never would have thought of.
Gold may go higher than even I thought this year because the house of cards is exposed and the winds are picking up.
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Permalink Reply by Steve W on
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LG these problems are partisan all right. Bi-partisan! Don't forget the massive deficits accumulated by Reagan when you mention the more recent Presidents. He went on a huge, unfunded spending binge for his "Star Wars" initiative and he also cut taxes. Only Clinton reduced budget deficits in any meaningful way. Check out the data on Wikipedia, United States Public Debt. That chart will show you that debt formation is bi-partisan, but real progress was made from 1994-2000 because of a strong economy, higher taxes, and reduced military spending. Raise Taxes on incomes>$250,000 and cut spending! Do it now.
Bye the way, put all bailout recipients who got a bonus in jail!
Lee Grant said:But Goldman/Sachs pays everybody bonuses of $600,000. And our Treasury Secretary is one of the great Wall Street crooks. And the President thinks everything is fine as his economic advisors drive the country off the cliff. Yes this is politics but not partisan politics because the problems were created by Bill Clinton, accentuated by George Bush, and perpetuated by Hussein Obama.
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Permalink Reply by Steve W on
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L,
Remember when you call me a lefty that I am a true fiscal conservative who wants higher taxes and lower spending. That would get me off Nancy Pelosi's invitation list.
Lureuin said:There is a very big difference between you and I on any political slant Steve. You wear your affiliation on your sleeve and defend the left till you're blue in the face. I simply hate them all because of what they have allowed to happen to the law making process that was set up by the originators of the constitution, who gave us plenty of warnings about situations to avoid. I actually feel quite bad for Obama, who had nothing to do with the mess we as a country are in, because he thought that the crooks in congress (on both sides) would actually allow things to be changed. His only fault is naivete, which I think a lot of us were by thinking someone could bring about change.
I also keep my politics in the only section they have any business in; precious metals, because their prices are a direct reflection of political climates.
But no harm no foul, as I enjoy good discourse about the happenings of the world around me and appreciate hearing different perspectives, such as MoneyMan's above which is a slant I never would have thought of.
Gold may go higher than even I thought this year because the house of cards is exposed and the winds are picking up.
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Permalink Reply by Lureuin on
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And most fiscal conservatives lists as well with the higher taxes thing. lol
Hey, I'm coming over to your side of the stream one day this week. Wanna get together for lunch somewhere in Alexandria?
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Permalink Reply by Buffalo on -
One thing I often notice reading PM related posts on various forums is that factors outside of the US are rarely discussed. There is normally much discussion of US politics and politicians, US debt and economic issues, and so on. There is usually very little said about world issues even though PM prices are affected by them. Do we still tend to have holdovers of an "isolationist" mindset, are we still viewing the US as always being the trendsetter for the rest of the world, or are we just more focused on issues "closer to home" as it were? The daily charts over the last several weeks have often (not always) shown quite different trends in the NYMEX section opposed to the Hong Kong and London sections even in the same day, making me think that a narrow world view is being taken by many investors. Any thoughts?
BTW, I want to say I also enjoy reading everyone's thoughts and opinions here, great to get other views I may not have considered otherwise.
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Permalink Reply by Lureuin on
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I know I have brought China, Russia, and others into the mix on many occasions, though I think the fact that the world trusted us enough to be the reserve currency causes the US to be the main player in the mix. Your right about the isolationism thing because we are the ones who will pay the dearest for what we are doing once everyone else wakes up and realizes it's become a big shell game.
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Permalink Reply by Lee Grant on
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TM: Well you are certainly right on when you mention professional sports. Pay five million dollars to a guy who can't catch a football or write his own name and whose mother is probably collecting welfare. Give gigantic bonuses to people who have financially ruined their company. Professional sports is a product of TV. Wall Street is the product of criminal greed. And if you think these criminals have learned anything from what they did you would be sorely mistaken. They are right back to their same tricks. What is the government doing about it -- nothing. They are all afraid they might lose some campaign contributions. And Paulson the crook wanted a trillion dollars with no oversight and Geithner the Wall Street crook gives many billions to the crooks at AIG and Bernanke gives trillions to every crook he can find as he destroys the value of the U.S. dollar and the economy of this country.
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