The Comedian's "Economic Holocaust" ping list...
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Posted on 01/01/2011 4:05:00 PM PST by DeaconBenjamin
So my y2k stash will pay off big time I got ten lbs of it
Generally a good report, but you need to be mindful of comparisons like:
“”Commodity prices have increased 26% in the last 12 months and 77% in the last 24 months based on the Continuous Commodity Index (CCI).””
It is valid to say CCI went up 26% in 2010.
But the CCI was at a depressed low in 2008 so the 77% increase from that low is not all that meaningful.
Our US government is a mixed bag for the next two years with a GOP House, a 50/50 split Senate, and a Dem President. Under that scenario I do not see any leadership that would solve any of the issues described in this report.
You forgot to post your address and working hours.
Pingworthy?
thanks for the wrap, this writeup is just like the old days, nobody listened, the banks died, the Fed put them on life support, and all is well! Now the next phase is inevitable, the only question is when.
Which “old days”?
Before 2005, because Arete had already left then. Probably 2004 or 2003
bookmark
Take a look at the Treasury Bond chart and the graphic “Graphic says interest rates bottomed in 2008 and rising strongly”. Of course after the crash in 2008 there was a sharp rebound but you will notice the trend line is still going downwards not strongly upwards.
I agree we risk hyperinflation in the future based on the failed liberal policies of this administration but I don’t need a gold salesman to convince me. Since the author lied about the bond chart I would be wary of putting too much credence in the rest of the report.
“Egon von Greyerz (EvG) is the Founder and Managing Partner of Matterhorn Asset Management AG. Matterhorn Asset Management AG (Matterhorn) is a Swiss asset management company specialising in wealth preservation with particular emphasis on precious metals.”
The govt is a “mixed bag?” You wish. Little has changed. He has lit the fuse to destroy America.
It is not going to get better. We live is a police state where they elected a muslim 7 years after 9/11. The drooling idiots are easily brainwashed in HD. Americans surrendered they liberty for a TV clicker and no - FOx is no better. ALL TV is for him.
(listen closely - you're about to learn a new word)
At that rate, an ounce of gold will be in the neighborhood of 500 petabucks ($500,000,000,000,000,000).
As a number, that's roughly 30,000 times the current US GDP.
For one ounce of gold.
Shelter, the means to protect it, food, and the means to produce and protect it will be absolutely critical to physical survival.
things can not improve in America without a massive increase in manufacturing jobs. This no less true today than it was in...1939. We have too many people sucking at the taxpayers teat and too few teats to go around and it’s getting worse, not better.
All you gold bugs will be in for a surprise if China or other hoarders dumps their inventory.
To anyone thinking of investing in precious metals:
PLEASE keep in mind the government still has the seizure laws on the books. And if you think they wouldn’t do it, think again. They have just announced they are regulating all health insurance companies. In other words, taking control.
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