“Half the thread’s original post was reasonable doomsday scenario, which we should prepare for. The other half of the post was paranoid delusions.
When posting you should really censor out the alarmist fantasy garbage, then people will have more respect for the remaining, more rational content of your post.
I’m amused how you think use of the dollar as the world’s reserve currency will “cease around the end of the 2nd quarter of 2009″ – AS IF on cue the millions of existing dollar holders (including countless nations’ foreign reserves) will all dump their dollars in the 2nd quarter of ’09.”
Stockstradr, you’re entitled to your opinion. If you read all of my post, I only asked that you not denigrate my opinion. Clearly you are incapable of doing that. So be it.
In any event, while we are “amusing” ourselves, I am entertained by your distinction between “reasonable doomsday scenarios” and “paranoid delusions”. I’m curious as to how you distinguish the two. What information in my original post was part of a “reasonable doomsday scenario” and what was “paranoid delusion”? Do you realize how…well, strange that sounds?
Where is the “fantasy garbage”? Please be specific in your response.
Is it unreasonable to acquire a food and supply buffer in anticipation of a systemic breakdown? Or should just eat and drink the gold in our portfolio? Why on earth do you even HAVE gold if you think the scenario I laid out was “delusional”?
Or perhaps it is the 2nd quarter 2009 timeframe that is “delusional”? It seems to me that when virtually all of the independent brokerages on Wall Street have disappeared in less than a year, the housing market is in free fall and the markets are gyrating 300-400 points in some sessions, we are no longer in a place where it is clear what is rational and what is “delusional”. And by the way, nowhere in my post did I indicate that all dollar holders would “on cue” dump all of their dollars on a particular date. So please drop the sarcasm and think more clearly for a moment. I merely surmised that the process of dollar dumping would begin now (the story in the People’s Daily yesterday clearly got the attention of major investors and was commented on several times on the financial news channels), continue over the next 8 months and possibly culminate next Spring. I’m frankly baffled as to why you would take that to mean that there is a *magic* date in 2009 on which investors would hold hands and sell their dollars.
Having said that, stocktradr, since 75% of your portfolio is in gold — as is mine — I must conclude that you are just as “delusional” as I am. Welcome to the world of the whackos. Sit down, pull up a chair and make yourself at home.
