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September 18, 2008 at 8:14 AM #272276September 18, 2008 at 8:56 AM #271980peterbParticipant
The next two jobs reports from the BLS will put the final nails in the coffin. When the unemployment fall-out from this carnage is recorded, the markets will capitulate big time as it will signal that there’s a system melt-down that cannot be saved by throwing money at the problem. And they will probably keep throwing money at it anyway. When you’re a hammer, everyting looks like a nail.
Gold rockets in a panic. And that’s what’s happening right now. The world is losing faith in the fiat money system. There’s every indication that gold will climb both in real and nominal terms for the next two years. Valuations on RE and equities has to come back down to reality. Homes at 3 to 4 times income and equities at 10 to 12 P/E’s. There’s a reason these historical norms exist. But look for over corrections as that’s normal for markets as well.
September 18, 2008 at 8:56 AM #272219peterbParticipantThe next two jobs reports from the BLS will put the final nails in the coffin. When the unemployment fall-out from this carnage is recorded, the markets will capitulate big time as it will signal that there’s a system melt-down that cannot be saved by throwing money at the problem. And they will probably keep throwing money at it anyway. When you’re a hammer, everyting looks like a nail.
Gold rockets in a panic. And that’s what’s happening right now. The world is losing faith in the fiat money system. There’s every indication that gold will climb both in real and nominal terms for the next two years. Valuations on RE and equities has to come back down to reality. Homes at 3 to 4 times income and equities at 10 to 12 P/E’s. There’s a reason these historical norms exist. But look for over corrections as that’s normal for markets as well.
September 18, 2008 at 8:56 AM #272227peterbParticipantThe next two jobs reports from the BLS will put the final nails in the coffin. When the unemployment fall-out from this carnage is recorded, the markets will capitulate big time as it will signal that there’s a system melt-down that cannot be saved by throwing money at the problem. And they will probably keep throwing money at it anyway. When you’re a hammer, everyting looks like a nail.
Gold rockets in a panic. And that’s what’s happening right now. The world is losing faith in the fiat money system. There’s every indication that gold will climb both in real and nominal terms for the next two years. Valuations on RE and equities has to come back down to reality. Homes at 3 to 4 times income and equities at 10 to 12 P/E’s. There’s a reason these historical norms exist. But look for over corrections as that’s normal for markets as well.
September 18, 2008 at 8:56 AM #272268peterbParticipantThe next two jobs reports from the BLS will put the final nails in the coffin. When the unemployment fall-out from this carnage is recorded, the markets will capitulate big time as it will signal that there’s a system melt-down that cannot be saved by throwing money at the problem. And they will probably keep throwing money at it anyway. When you’re a hammer, everyting looks like a nail.
Gold rockets in a panic. And that’s what’s happening right now. The world is losing faith in the fiat money system. There’s every indication that gold will climb both in real and nominal terms for the next two years. Valuations on RE and equities has to come back down to reality. Homes at 3 to 4 times income and equities at 10 to 12 P/E’s. There’s a reason these historical norms exist. But look for over corrections as that’s normal for markets as well.
September 18, 2008 at 8:56 AM #272291peterbParticipantThe next two jobs reports from the BLS will put the final nails in the coffin. When the unemployment fall-out from this carnage is recorded, the markets will capitulate big time as it will signal that there’s a system melt-down that cannot be saved by throwing money at the problem. And they will probably keep throwing money at it anyway. When you’re a hammer, everyting looks like a nail.
Gold rockets in a panic. And that’s what’s happening right now. The world is losing faith in the fiat money system. There’s every indication that gold will climb both in real and nominal terms for the next two years. Valuations on RE and equities has to come back down to reality. Homes at 3 to 4 times income and equities at 10 to 12 P/E’s. There’s a reason these historical norms exist. But look for over corrections as that’s normal for markets as well.
September 18, 2008 at 9:18 AM #272000kewpParticipantTo reach that extreme, somebody has to introduce the first PM-backed currency – most likely, the country to introduce this PM-backed currency will create the next reserve currency on planet Earth
Guess which country in the world has the largest reserve of gold bullion?
I’ll give you a hint:
It ain’t China!
September 18, 2008 at 9:18 AM #272240kewpParticipantTo reach that extreme, somebody has to introduce the first PM-backed currency – most likely, the country to introduce this PM-backed currency will create the next reserve currency on planet Earth
Guess which country in the world has the largest reserve of gold bullion?
I’ll give you a hint:
It ain’t China!
September 18, 2008 at 9:18 AM #272247kewpParticipantTo reach that extreme, somebody has to introduce the first PM-backed currency – most likely, the country to introduce this PM-backed currency will create the next reserve currency on planet Earth
Guess which country in the world has the largest reserve of gold bullion?
I’ll give you a hint:
It ain’t China!
September 18, 2008 at 9:18 AM #272288kewpParticipantTo reach that extreme, somebody has to introduce the first PM-backed currency – most likely, the country to introduce this PM-backed currency will create the next reserve currency on planet Earth
Guess which country in the world has the largest reserve of gold bullion?
I’ll give you a hint:
It ain’t China!
September 18, 2008 at 9:18 AM #272311kewpParticipantTo reach that extreme, somebody has to introduce the first PM-backed currency – most likely, the country to introduce this PM-backed currency will create the next reserve currency on planet Earth
Guess which country in the world has the largest reserve of gold bullion?
I’ll give you a hint:
It ain’t China!
September 18, 2008 at 9:24 AM #272010seattle-reloParticipantOkay, so I’m not usually a tin foil hat wearer, usually I like to read conspiracy theory for entertainment…but I ran across this blog post that I thought was a little uncanny for what’s going on right now. Now this guy is a total nut job and his fellow bloggers rip him apart for his doomsdayer post back in March. However he correctly predicted that a economic crisis would happen in mid September (what’s today? Sept 18th?) And he also talks about some interesting (however unproven) infastructure in Alaska – hmmm, maybe that’s why McCain picked Sarah Pallin????
Here it is:
http://www.city-data.com/forum/politics-other-controversies/287794-please-read-now-sept-2008-economic.htmlEnjoy!
September 18, 2008 at 9:24 AM #272250seattle-reloParticipantOkay, so I’m not usually a tin foil hat wearer, usually I like to read conspiracy theory for entertainment…but I ran across this blog post that I thought was a little uncanny for what’s going on right now. Now this guy is a total nut job and his fellow bloggers rip him apart for his doomsdayer post back in March. However he correctly predicted that a economic crisis would happen in mid September (what’s today? Sept 18th?) And he also talks about some interesting (however unproven) infastructure in Alaska – hmmm, maybe that’s why McCain picked Sarah Pallin????
Here it is:
http://www.city-data.com/forum/politics-other-controversies/287794-please-read-now-sept-2008-economic.htmlEnjoy!
September 18, 2008 at 9:24 AM #272257seattle-reloParticipantOkay, so I’m not usually a tin foil hat wearer, usually I like to read conspiracy theory for entertainment…but I ran across this blog post that I thought was a little uncanny for what’s going on right now. Now this guy is a total nut job and his fellow bloggers rip him apart for his doomsdayer post back in March. However he correctly predicted that a economic crisis would happen in mid September (what’s today? Sept 18th?) And he also talks about some interesting (however unproven) infastructure in Alaska – hmmm, maybe that’s why McCain picked Sarah Pallin????
Here it is:
http://www.city-data.com/forum/politics-other-controversies/287794-please-read-now-sept-2008-economic.htmlEnjoy!
September 18, 2008 at 9:24 AM #272298seattle-reloParticipantOkay, so I’m not usually a tin foil hat wearer, usually I like to read conspiracy theory for entertainment…but I ran across this blog post that I thought was a little uncanny for what’s going on right now. Now this guy is a total nut job and his fellow bloggers rip him apart for his doomsdayer post back in March. However he correctly predicted that a economic crisis would happen in mid September (what’s today? Sept 18th?) And he also talks about some interesting (however unproven) infastructure in Alaska – hmmm, maybe that’s why McCain picked Sarah Pallin????
Here it is:
http://www.city-data.com/forum/politics-other-controversies/287794-please-read-now-sept-2008-economic.htmlEnjoy!
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