Posted on 05/08/2009 6:33:17 PM PDT by sickoflibs
If you realize both parties in Washington think our money is theirs and you trust them to do the wrong thing, this list is for you.
If you think there is a Santa Claus who is going to get elected in Washington and cut a few taxes and spend a few trillion and jump start the economy, and get our lost money back, this list is not for you.
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Buy stocks, but oil and gas ETFs, buy the Euro and Swiss Franc ETFs. then wait and watch you make all your losses back within 5 years.
Money Quote : "My guess is that, at most, the Bernanke/Obama stimulus will buy two years before the hangover sets in. However, since this dose is so massive, the comedown will be equally horrific. My fear is that when the drug wears off, we will reach for that monetary syringe one last time. At that point, the dosage may be lethal, and the economy will die of hyperinflation."
So buy oil and gas ETFs and the Euro and Swiss Franc ETFs.
This is a sucker’s rally for the rest. China and Asia’s economies might pick up and if the world economy picks up a little - oil is back to $4 a gallon.
optimistic.
/s
you mean gas or oil?
mark
> My guess is that, at most, the Bernanke/Obama stimulus will buy two years before the hangover sets in ...
We should be so lucky. I am afraid that 2 years might be optimistic. According to Forbes (print), Social Security is going into a deficit from FY 2010.
Why not buy physical gold? Seems like now would be a good time to buy some of it ...
Well...we're still gonna die...the prediction now is not for two more years though.
I think oil will go up and nat gas less.
Louisiana has a big nat gas find though recovery will be more expesive than usual. So oil yes and probably no on natural gas.
RE “According to Forbes (print), Social Security is going into a deficit from FY 2010.”
What about the lockbox? You mean they broke into it? Who had the key?
I thought everyone was...silver too.
“Why not buy physical gold? Seems like now would be a good time to buy some of it ...”
...physical gold is the only reason to hold gold...there’s no way I’ll ever buy a piece of paper saying I own gold stored somewhere....I buy gold to get away from pieces of paper...everybody should own a sack of gold&silver coins, a bicycle and an AK-47.
Come on Sick of Fibs. If ALGORE says there is a lockbox, I believe him. He has not benefits at all from the Global Warming scam. At least not much more than $100 Million.
I heard the Anchor Bots on CNBC today bemoaning the weak showing at the latest Treasury auction. The yield went up much more than planned. If the world economy is picking up, then the flight to safety US Gov bonds briefly enjoyed may be ending. In which case, the due bill for Obama’s spending binge will come much sooner than anticipated. I also got a chuckle when one of the Bots mentioned that the Fed might buy treasuries to keep the yield down. Sheesh.
They can't say HOW financial institutions are actually going to start lending and making money again. Who is going to be doing the borrowing when those who did in the past are now shown to be deadbeats or unemployed, with the remainder not wanting to borrow any money. The current business plan for most big financials is having Uncle Sam as voting stockholders.
They can't say how we're going to start creating jobs again, execept by trying to revive the former borrow-and-spend system that broke down and can't be revived.
They can't say how we're going to go through all of this housing inventory any time soon, much less have a building industry along with get homeowner's equity (i.e. net worth) back up. Are the unemployed and deadbeats going to start buying all the houses at re-jacked up prices?
They can't say what we're going to do with all of millions of square feet of commercial real estate.
They can't say what we're going to do with all of this consumer debt that won't get paid and the massive losses that will come with that.
They can't say what we're going to do about the destuction of our currency.
They can't say how we're going to pay the uncountable trillions of commitments in entitlements alone coming due in the next decade, nevermind the massive amounts of other spending that's heading over a cliff.
Etc. etc. etc. They just keep telling us that everything will get back to normal, but never give us the math.
> What about the lockbox? You mean they broke into it? Who had the key?
Thank you, that really made me laugh!
Certainly will be. And then we are screwed with an administration that is blocking drilling everywhere, not just offshore. And with Obama's "green energy" fantasy that is 15-20 years away at best, the American consumer is absolutely screwed. The only upside is, so will Senate Democrats in 2010 or Obama in 2012.
Back under Reagan both parties cut a deal to raise SS taxes beyond payments, which they cut (at least some.) So they actually tell the public the FDIC fund will lend the Treasury money and the Treeasury will give FDIC an IOU. Heres what gets me, those that say 1) SS has the money, 2) SS should have saved the money (government saved ???) , 3) so called conservative republicans that swear they paid into SS and so the future benefits are theirs, SS benefits are theirs like those tax cuts. (you see the problem here??)
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