are they lying to us or are they clueless?

[equalizer]

[quote=arraya]Treasury Secretary Paulson said:

“I don’t see subprime mortgage market troubles imposing a serious problem. I think it’s going to be largely contained,”

“A recession is unlikely.”

“We are experiencing a correction in the housing sector.”

“America is not in recession.”

“It is likely that housing prices won’t recover until early 2009.”
[/quote]
While his former firm was betting against sub-prime loans.

[equalizer]

[quote=jpinpb][quote=4plexowner]spot gold is $952 – June 2009 gold contract is $956.[/quote]

You are going to have to forgive me. I’m a complete imbecile when it comes to gold. I have absolutely zero experience. What is spot gold? What is gold contract? Where do you buy/get it, i.e. how do you got about investing in it?

Any chance the Fed will confiscate gold again as in the ’30’s? We are going through some insane times and seems we’re being kept down. I wouldn’t put anything passed them at this point.

I don’t know what to think. Any advise is appreciated and thanks in advance for your patience w/my questions.
[/quote]
I think you may be better of going to place like this for 22K jewelry.
http://www.goldpalace.com/

Worst case, you have some things to wear. If things get bad you can trade for a farm.

[equalizer]

[quote=jpinpb][quote=4plexowner]spot gold is $952 – June 2009 gold contract is $956.[/quote]

You are going to have to forgive me. I’m a complete imbecile when it comes to gold. I have absolutely zero experience. What is spot gold? What is gold contract? Where do you buy/get it, i.e. how do you got about investing in it?

Any chance the Fed will confiscate gold again as in the ’30’s? We are going through some insane times and seems we’re being kept down. I wouldn’t put anything passed them at this point.

I don’t know what to think. Any advise is appreciated and thanks in advance for your patience w/my questions.
[/quote]
I think you may be better of going to place like this for 22K jewelry.
http://www.goldpalace.com/

Worst case, you have some things to wear. If things get bad you can trade for a farm.

[equalizer]

[quote=jpinpb][quote=4plexowner]spot gold is $952 – June 2009 gold contract is $956.[/quote]

You are going to have to forgive me. I’m a complete imbecile when it comes to gold. I have absolutely zero experience. What is spot gold? What is gold contract? Where do you buy/get it, i.e. how do you got about investing in it?

Any chance the Fed will confiscate gold again as in the ’30’s? We are going through some insane times and seems we’re being kept down. I wouldn’t put anything passed them at this point.

I don’t know what to think. Any advise is appreciated and thanks in advance for your patience w/my questions.
[/quote]
I think you may be better of going to place like this for 22K jewelry.
http://www.goldpalace.com/

Worst case, you have some things to wear. If things get bad you can trade for a farm.

[equalizer]

[quote=jpinpb][quote=4plexowner]spot gold is $952 – June 2009 gold contract is $956.[/quote]

You are going to have to forgive me. I’m a complete imbecile when it comes to gold. I have absolutely zero experience. What is spot gold? What is gold contract? Where do you buy/get it, i.e. how do you got about investing in it?

Any chance the Fed will confiscate gold again as in the ’30’s? We are going through some insane times and seems we’re being kept down. I wouldn’t put anything passed them at this point.

I don’t know what to think. Any advise is appreciated and thanks in advance for your patience w/my questions.
[/quote]
I think you may be better of going to place like this for 22K jewelry.
http://www.goldpalace.com/

Worst case, you have some things to wear. If things get bad you can trade for a farm.

[equalizer]

[quote=jpinpb][quote=4plexowner]spot gold is $952 – June 2009 gold contract is $956.[/quote]

You are going to have to forgive me. I’m a complete imbecile when it comes to gold. I have absolutely zero experience. What is spot gold? What is gold contract? Where do you buy/get it, i.e. how do you got about investing in it?

Any chance the Fed will confiscate gold again as in the ’30’s? We are going through some insane times and seems we’re being kept down. I wouldn’t put anything passed them at this point.

I don’t know what to think. Any advise is appreciated and thanks in advance for your patience w/my questions.
[/quote]
I think you may be better of going to place like this for 22K jewelry.
http://www.goldpalace.com/

Worst case, you have some things to wear. If things get bad you can trade for a farm.

[equalizer]

[quote=barnaby33]

We are being so robbed. Bernake could have taken that trillion and offered Americans 4% mortgages and loans. Our economy would be skyrocketing.

Wow, you just don’t get it. What an entitlement mentality. Almost as bad as the robbers on Wall St. Its low interest rates that got us into trouble in the first place. The govt has no business handing out money to any party, neither bankers nor people looking to buy more crap that they can’t afford.

4% is historically far too low a rate to compensate someone for the use of their money for up to 30 years. That is just flat out insane.

Those of you predicting a tide of inflation have been wrong so far, and for the foreseeable future you’ll continue to be wrong, at least with respect to asset prices. Berspankme may end up driving food and fuel prices up, but only in the short term. The deflationary tide has landed. Social mood is darkening and people don’t want to borrow. Once that happens an economy built on selling crap made in 3rd world countries that you don’t need is going to have a hard time recovering, regardless of how low interest rates go.
Josh
[/quote]
Thanks for that ugly truth. Now you are bad guy here, not me!

BTW, paypal just sent me a note that most purchases from ebay for next 10 days will get 15% cash back! got get my gold, ammo, oil, moonshine.
see ya.

[equalizer]

[quote=barnaby33]

We are being so robbed. Bernake could have taken that trillion and offered Americans 4% mortgages and loans. Our economy would be skyrocketing.

Wow, you just don’t get it. What an entitlement mentality. Almost as bad as the robbers on Wall St. Its low interest rates that got us into trouble in the first place. The govt has no business handing out money to any party, neither bankers nor people looking to buy more crap that they can’t afford.

4% is historically far too low a rate to compensate someone for the use of their money for up to 30 years. That is just flat out insane.

Those of you predicting a tide of inflation have been wrong so far, and for the foreseeable future you’ll continue to be wrong, at least with respect to asset prices. Berspankme may end up driving food and fuel prices up, but only in the short term. The deflationary tide has landed. Social mood is darkening and people don’t want to borrow. Once that happens an economy built on selling crap made in 3rd world countries that you don’t need is going to have a hard time recovering, regardless of how low interest rates go.
Josh
[/quote]
Thanks for that ugly truth. Now you are bad guy here, not me!

BTW, paypal just sent me a note that most purchases from ebay for next 10 days will get 15% cash back! got get my gold, ammo, oil, moonshine.
see ya.

[equalizer]

[quote=barnaby33]

We are being so robbed. Bernake could have taken that trillion and offered Americans 4% mortgages and loans. Our economy would be skyrocketing.

Wow, you just don’t get it. What an entitlement mentality. Almost as bad as the robbers on Wall St. Its low interest rates that got us into trouble in the first place. The govt has no business handing out money to any party, neither bankers nor people looking to buy more crap that they can’t afford.

4% is historically far too low a rate to compensate someone for the use of their money for up to 30 years. That is just flat out insane.

Those of you predicting a tide of inflation have been wrong so far, and for the foreseeable future you’ll continue to be wrong, at least with respect to asset prices. Berspankme may end up driving food and fuel prices up, but only in the short term. The deflationary tide has landed. Social mood is darkening and people don’t want to borrow. Once that happens an economy built on selling crap made in 3rd world countries that you don’t need is going to have a hard time recovering, regardless of how low interest rates go.
Josh
[/quote]
Thanks for that ugly truth. Now you are bad guy here, not me!

BTW, paypal just sent me a note that most purchases from ebay for next 10 days will get 15% cash back! got get my gold, ammo, oil, moonshine.
see ya.

[equalizer]

[quote=barnaby33]

We are being so robbed. Bernake could have taken that trillion and offered Americans 4% mortgages and loans. Our economy would be skyrocketing.

Wow, you just don’t get it. What an entitlement mentality. Almost as bad as the robbers on Wall St. Its low interest rates that got us into trouble in the first place. The govt has no business handing out money to any party, neither bankers nor people looking to buy more crap that they can’t afford.

4% is historically far too low a rate to compensate someone for the use of their money for up to 30 years. That is just flat out insane.

Those of you predicting a tide of inflation have been wrong so far, and for the foreseeable future you’ll continue to be wrong, at least with respect to asset prices. Berspankme may end up driving food and fuel prices up, but only in the short term. The deflationary tide has landed. Social mood is darkening and people don’t want to borrow. Once that happens an economy built on selling crap made in 3rd world countries that you don’t need is going to have a hard time recovering, regardless of how low interest rates go.
Josh
[/quote]
Thanks for that ugly truth. Now you are bad guy here, not me!

BTW, paypal just sent me a note that most purchases from ebay for next 10 days will get 15% cash back! got get my gold, ammo, oil, moonshine.
see ya.

[equalizer]

[quote=barnaby33]

We are being so robbed. Bernake could have taken that trillion and offered Americans 4% mortgages and loans. Our economy would be skyrocketing.

Wow, you just don’t get it. What an entitlement mentality. Almost as bad as the robbers on Wall St. Its low interest rates that got us into trouble in the first place. The govt has no business handing out money to any party, neither bankers nor people looking to buy more crap that they can’t afford.

4% is historically far too low a rate to compensate someone for the use of their money for up to 30 years. That is just flat out insane.

Those of you predicting a tide of inflation have been wrong so far, and for the foreseeable future you’ll continue to be wrong, at least with respect to asset prices. Berspankme may end up driving food and fuel prices up, but only in the short term. The deflationary tide has landed. Social mood is darkening and people don’t want to borrow. Once that happens an economy built on selling crap made in 3rd world countries that you don’t need is going to have a hard time recovering, regardless of how low interest rates go.
Josh
[/quote]
Thanks for that ugly truth. Now you are bad guy here, not me!

BTW, paypal just sent me a note that most purchases from ebay for next 10 days will get 15% cash back! got get my gold, ammo, oil, moonshine.
see ya.

[scaredyclassic]

so what does it mean when they say “we need to get credit flowing normally again”? what do they mean by normal.

and what terrible thing would happen if asset prices were allowed to fall?

why can’t they talk simply and pplainly about this?

[scaredyclassic]

so what does it mean when they say “we need to get credit flowing normally again”? what do they mean by normal.

and what terrible thing would happen if asset prices were allowed to fall?

why can’t they talk simply and pplainly about this?

[scaredyclassic]

so what does it mean when they say “we need to get credit flowing normally again”? what do they mean by normal.

and what terrible thing would happen if asset prices were allowed to fall?

why can’t they talk simply and pplainly about this?

[scaredyclassic]

so what does it mean when they say “we need to get credit flowing normally again”? what do they mean by normal.

and what terrible thing would happen if asset prices were allowed to fall?

why can’t they talk simply and pplainly about this?

[Author]

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