Friday, January 23, 2009



January 23, 2009

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more money is not positive for the economy it just means more inflation, stocks are still overvalued, the stimulus package are not going to stimulus anything, we are going to have massive inflation

13 comments:

  1. Wow, they actually agree at the end with Peter Schiff! Real funny, because those are the same people who were laughing at him one year ago.

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  2. Not necessarily. You have to understand that many of these speculators are not students of Ludwig Von Mises. They are believers in DEBT. Peter says that debt is bad. People do not understand how much debt this country has. It is doubling and tripling and no one is yelling "INFLATION" escept the Shiff group you see on these videos. I have been buying silver and gold as fast as I can. THEY are going to really take off to the stratosphere this year thanks to this insane bailing out program and all of the debt.

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  3. can anyone understand who's the guy in the lower right?
    kevin cur, ace commodities analyst or something?

    he sounds pretty interesting.

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  4. One of you guys mentioned you are buying gold as fast as you can. Are you shooting for a certain percentage of your net worth, like 10-30%? This is the range suggested by one gold bullion financial advisor.

    all the best,
    J. E. Dorner

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  5. The Austrian school defines inflation as the increase of the money supply, not the rise in prices. The rise in prices is one of the effects that can follow. I think that is an important distinction to keep in mind, one that Peter Schiff is aware of.

    all the best,
    J E Dorner

    p.s. wish you guys would chose a nickname or pseudonym.

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  6. Buy gold at 10-30% ? Nah!

    Try 100.

    I did and '08 made me 20-30% more

    "valuable" !!!!!!!!!!!!!!!!!!

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  7. J E, I think that the Financial Adviser's recommendation is based upon investing in a normal market-based economic environment. Gold is a hedge, a way of maintaining wealth when everything else sinks. These are not normal times; we have a government that is actively (because of their ignorance and egomania) pursuing a monetary policy that will destroy the spending power of the dollar. If you have 30% in Gold and 70% in dollar denominated assets, then 70% or your wealth will be destroyed soon.

    Read up on this, because you need to form your own idea about what is happening to the country. Keeping a large amount of money in gold is hard; it swings wildly. Gold proponents point to the fact that Gold has been up for the past eight years, but they gloss over the fact that holders of gold saw some pretty significant swings in value. It's not for the faint of heart; but neither is what's coming for the US economy.

    Regards,
    Steve

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  8. Steve, You are spot on. I do not, however think that the govt. in the US does not know what they are doing. I will take it one step further. I believe that we have an ignorant and ego inflated public, but our money managers in the govt. know exactly what they are doing. I believe that this is based on a common plan. If the US economy goes belly up, they will be able to ask us to accept more govt. regulation, maybe even a different economic system, which in turn will create a further loss to our freedoms.

    I have already heard idiots state that "well, maybe we should try socialism. Capitalism isn't working."

    We live in the age of the "intellectual cripple." A time when thinking about ANYTHING important is just too much trouble. They know who won Amrican Idol last fall, but economics? What's that?

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  9. Steve,
    I suppose one could put more than 30% of ones net worth in gold, but it is a little too speculative for me. One needs to know when to get in and when to get out to make money.

    More importantly, Michael Kosares, in his book the ABCs of Gold Investing, said that if Mexicans had 30% of their wealth in gold in the 90s they would have more than recouped the other 70%. Evidently, gold does so well in a serious hyperinflation or a currency collapse as happened in Mexico, that it recoupes more than one would think. His book can be found at www.usagold.com if interested.

    So, 10-30% they say, probably for such a reason.

    just some thoughts,
    J. E. Dorner

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  10. At this point I would say that 30% would be about right. As soon as the de-leveraging starts coming to an end you will see an upward spiral beginning. Don't let the uphill cost, price you out of the market. I pay close attention to the spot price constantly through the day. I would recommend watching it very closely.

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  11. The Wall Street snakes in this video (along with others not featured) are the same clowns who swore up and down this current financial situation would NEVER happen. These are the same snakes that told you to keep buying ENRON...GLOBAL CROSSING... TIME WARNER... stocks when they ALL knew the bottom was going to get yanked. It's always a lemon sale with these snakes and yet it took a financial melt down of this magnitude to the dumb down public to finally get that they've been conned.

    If you want to invest in a money maker stock, invest in an obscure company called AVI Biopharma, Barky Obama did in 2005 on inside trading and made a fortune. http://www.nytimes.com/2007/03/07/us/politics/07obama.html?_r=2&pagewanted=print

    You see YOUR overlords are betting on a major avian flu pandemic. I guess they have better crystal balls than the rest of us.

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  12. John H,

    I think the scenario is often worse, i.e. that there is no conspiracy. In other words, the powers to be are doing things they genuinely think will help. They are just philosophically/economically in error.

    As far as the inside trading your refer to, who knows. Sometimes perhaps, other times they might just be getting lucky. I would need some evidence.

    On a different note, I wish everybody here would post with some type of name, make one up, so I can more easily reply to your posts.

    all the best,
    J E Dorner

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