Get in The Game

[stockstradr]

My strategy is to stay employed, keep earning cash, and stay the hell out of the stock market.

I reply that you have a reasonable strategy IF “cash” means you are converting money into physical gold, or some hopefully safe form of currency (Euros? Yen?) instead of dollars.

However, if you are currently holding your money in cash dollars then you ARE the personification of those I described in original post; typical American being scammed for your money by Those in Power.

Consider just one of the many con’s that the Bush administration ran on the American public.

They fooled Americans into thinking we’re getting smaller government and tax cuts, when in fact they raised (future) taxes, mssively increased spending, and sacrificed the dollar in order to pay for their wars, divert dollars to drug companies under the guise of Medicare “D”, and also help the rich get richer.

Oh, I forgot to mention their bailing out their rich banker and investment friends on Wall Street (with our money!)

The Bush administration increased the total debt obligations of America to about 53 TRILLION (not including the most recent additional bailouts)

So the Game they are running is that they paid for all of that by effectively sacrificing the spending power of the dollar, which will decline by say 90% (or more!) during the next five to ten years.

As Marc Faber said in a classic quote about the state of America:

Buy a $100 US bond and frame it on your wall to teach your children about inflation by watching the US bond value diminish to almost nothing over the next 20 years.

Oh, yes, he IS talking about what will happen to your cash dollars, not just US bonds.

But it may happen a lot faster than 20 years.

Marc Faber also says “Be sure to keep your gold in a safe place OUTSIDE the United States!”

[JWM in SD]

Hi stockstrader, nice post. It seems I’ve found another disciple of denninger. I’ve also been trying to figure when the right time to short treasuries will present itself. In all fairness though, even KD thinks that it might not be possible to time the “blow off top” correctly there without suffering interim losses like Rodgers did. He can afford to absorb those losses, I can’t and doubt many others can either.

[JWM in SD]

Hi stockstrader, nice post. It seems I’ve found another disciple of denninger. I’ve also been trying to figure when the right time to short treasuries will present itself. In all fairness though, even KD thinks that it might not be possible to time the “blow off top” correctly there without suffering interim losses like Rodgers did. He can afford to absorb those losses, I can’t and doubt many others can either.

[JWM in SD]

Hi stockstrader, nice post. It seems I’ve found another disciple of denninger. I’ve also been trying to figure when the right time to short treasuries will present itself. In all fairness though, even KD thinks that it might not be possible to time the “blow off top” correctly there without suffering interim losses like Rodgers did. He can afford to absorb those losses, I can’t and doubt many others can either.

[JWM in SD]

Hi stockstrader, nice post. It seems I’ve found another disciple of denninger. I’ve also been trying to figure when the right time to short treasuries will present itself. In all fairness though, even KD thinks that it might not be possible to time the “blow off top” correctly there without suffering interim losses like Rodgers did. He can afford to absorb those losses, I can’t and doubt many others can either.

[JWM in SD]

Hi stockstrader, nice post. It seems I’ve found another disciple of denninger. I’ve also been trying to figure when the right time to short treasuries will present itself. In all fairness though, even KD thinks that it might not be possible to time the “blow off top” correctly there without suffering interim losses like Rodgers did. He can afford to absorb those losses, I can’t and doubt many others can either.

[peterb]

The US$ is gonna surprise you. It’s a fiat world going to ZIRP. This is following a historic trend that will benefit the world currency. That’s the US$. Gold will probably have it’s day, but I think it’s still a ways off. If the markets go another leg down, money will run to T Bills and the US$ again out of fear. Gold may get a rise out of this as well. Could we see the US$ and gold rise together???? Me thinks it’s a distinct possibility in the next panic.

[peterb]

The US$ is gonna surprise you. It’s a fiat world going to ZIRP. This is following a historic trend that will benefit the world currency. That’s the US$. Gold will probably have it’s day, but I think it’s still a ways off. If the markets go another leg down, money will run to T Bills and the US$ again out of fear. Gold may get a rise out of this as well. Could we see the US$ and gold rise together???? Me thinks it’s a distinct possibility in the next panic.

[peterb]

The US$ is gonna surprise you. It’s a fiat world going to ZIRP. This is following a historic trend that will benefit the world currency. That’s the US$. Gold will probably have it’s day, but I think it’s still a ways off. If the markets go another leg down, money will run to T Bills and the US$ again out of fear. Gold may get a rise out of this as well. Could we see the US$ and gold rise together???? Me thinks it’s a distinct possibility in the next panic.

[peterb]

The US$ is gonna surprise you. It’s a fiat world going to ZIRP. This is following a historic trend that will benefit the world currency. That’s the US$. Gold will probably have it’s day, but I think it’s still a ways off. If the markets go another leg down, money will run to T Bills and the US$ again out of fear. Gold may get a rise out of this as well. Could we see the US$ and gold rise together???? Me thinks it’s a distinct possibility in the next panic.

[peterb]

The US$ is gonna surprise you. It’s a fiat world going to ZIRP. This is following a historic trend that will benefit the world currency. That’s the US$. Gold will probably have it’s day, but I think it’s still a ways off. If the markets go another leg down, money will run to T Bills and the US$ again out of fear. Gold may get a rise out of this as well. Could we see the US$ and gold rise together???? Me thinks it’s a distinct possibility in the next panic.

[fredo4]

[quote=stockstradr]

I reply that you have a reasonable strategy IF “cash” means you are converting money into physical gold, or some hopefully safe form of currency (Euros? Yen?) instead of dollars.
[/quote]
While I agree with you about investing in gold in the near future (as I believe it’s bound to be driven up when the average guy catches on to how bad things really are and runs to investing in something tangible)- I don’t agree with investing in foreign currency. If you think things are going to be bad here in the next few years, I’m sure it’s going to be much worse for the rest of the world that relies so heavily on the health of the U.S. economy.

[fredo4]

[quote=stockstradr]

I reply that you have a reasonable strategy IF “cash” means you are converting money into physical gold, or some hopefully safe form of currency (Euros? Yen?) instead of dollars.
[/quote]
While I agree with you about investing in gold in the near future (as I believe it’s bound to be driven up when the average guy catches on to how bad things really are and runs to investing in something tangible)- I don’t agree with investing in foreign currency. If you think things are going to be bad here in the next few years, I’m sure it’s going to be much worse for the rest of the world that relies so heavily on the health of the U.S. economy.

[fredo4]

[quote=stockstradr]

I reply that you have a reasonable strategy IF “cash” means you are converting money into physical gold, or some hopefully safe form of currency (Euros? Yen?) instead of dollars.
[/quote]
While I agree with you about investing in gold in the near future (as I believe it’s bound to be driven up when the average guy catches on to how bad things really are and runs to investing in something tangible)- I don’t agree with investing in foreign currency. If you think things are going to be bad here in the next few years, I’m sure it’s going to be much worse for the rest of the world that relies so heavily on the health of the U.S. economy.

[fredo4]

[quote=stockstradr]

I reply that you have a reasonable strategy IF “cash” means you are converting money into physical gold, or some hopefully safe form of currency (Euros? Yen?) instead of dollars.
[/quote]
While I agree with you about investing in gold in the near future (as I believe it’s bound to be driven up when the average guy catches on to how bad things really are and runs to investing in something tangible)- I don’t agree with investing in foreign currency. If you think things are going to be bad here in the next few years, I’m sure it’s going to be much worse for the rest of the world that relies so heavily on the health of the U.S. economy.

[Author]

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