World Turned upside down

[Butleroftwo]

[quote=Bubblesitter]When General Cornwallis surrendered to the Americans at Yorktown in 1781, the band played “World Turned Upside Down”. So shocking and unexpected was their defeat that they felt the world had truly “turned upside down”

Bubblesitter[/quote]
Lou Dobbs quoted this paragraph verbatim as I recall on his show last night.

[Zeitgeist]

[img_assist|nid=11804|title=Cartoon version- World Turned Upside Down|desc=|link=node|align=left|width=100|height=68]

[Zeitgeist]

[img_assist|nid=11804|title=Cartoon version- World Turned Upside Down|desc=|link=node|align=left|width=100|height=68]

[Zeitgeist]

[img_assist|nid=11804|title=Cartoon version- World Turned Upside Down|desc=|link=node|align=left|width=100|height=68]

[Zeitgeist]

[img_assist|nid=11804|title=Cartoon version- World Turned Upside Down|desc=|link=node|align=left|width=100|height=68]

[Zeitgeist]

[img_assist|nid=11804|title=Cartoon version- World Turned Upside Down|desc=|link=node|align=left|width=100|height=68]

[Bubblesitter]

Resurrecting an old thread.

I’m Feeling increasingly uneasy about the economy and financial system. We don’t be anywhere out of the woods yet.

Many others seem to be feeling the same, perhaps this is why gold is hitting all time highs, even when everyone seems to be talking deflation!

I’m still relatively heavy in gold, via ETFs and mining stocks, etc . I do have solid downside protection in event of sizable gold fall. It is a relatively volatile commodity

Chinese have been net sellers of US debt last couple months, they seem to be using the treasuries rally to reduce their exposure to US debt. I guess they also see endless trillion dollar deficits for years. At some point there is a breaking point, when people and govt stop buying US debt, yields would have to rise, leading to heavy or hyperinflation. This is an economic doomsday scenario.

Are more people investing in gold because it is the currency of last resort?

Bubblesitter

[Bubblesitter]

Resurrecting an old thread.

I’m Feeling increasingly uneasy about the economy and financial system. We don’t be anywhere out of the woods yet.

Many others seem to be feeling the same, perhaps this is why gold is hitting all time highs, even when everyone seems to be talking deflation!

I’m still relatively heavy in gold, via ETFs and mining stocks, etc . I do have solid downside protection in event of sizable gold fall. It is a relatively volatile commodity

Chinese have been net sellers of US debt last couple months, they seem to be using the treasuries rally to reduce their exposure to US debt. I guess they also see endless trillion dollar deficits for years. At some point there is a breaking point, when people and govt stop buying US debt, yields would have to rise, leading to heavy or hyperinflation. This is an economic doomsday scenario.

Are more people investing in gold because it is the currency of last resort?

Bubblesitter

[Bubblesitter]

Resurrecting an old thread.

I’m Feeling increasingly uneasy about the economy and financial system. We don’t be anywhere out of the woods yet.

Many others seem to be feeling the same, perhaps this is why gold is hitting all time highs, even when everyone seems to be talking deflation!

I’m still relatively heavy in gold, via ETFs and mining stocks, etc . I do have solid downside protection in event of sizable gold fall. It is a relatively volatile commodity

Chinese have been net sellers of US debt last couple months, they seem to be using the treasuries rally to reduce their exposure to US debt. I guess they also see endless trillion dollar deficits for years. At some point there is a breaking point, when people and govt stop buying US debt, yields would have to rise, leading to heavy or hyperinflation. This is an economic doomsday scenario.

Are more people investing in gold because it is the currency of last resort?

Bubblesitter

[Bubblesitter]

Resurrecting an old thread.

I’m Feeling increasingly uneasy about the economy and financial system. We don’t be anywhere out of the woods yet.

Many others seem to be feeling the same, perhaps this is why gold is hitting all time highs, even when everyone seems to be talking deflation!

I’m still relatively heavy in gold, via ETFs and mining stocks, etc . I do have solid downside protection in event of sizable gold fall. It is a relatively volatile commodity

Chinese have been net sellers of US debt last couple months, they seem to be using the treasuries rally to reduce their exposure to US debt. I guess they also see endless trillion dollar deficits for years. At some point there is a breaking point, when people and govt stop buying US debt, yields would have to rise, leading to heavy or hyperinflation. This is an economic doomsday scenario.

Are more people investing in gold because it is the currency of last resort?

Bubblesitter

[Bubblesitter]

Resurrecting an old thread.

I’m Feeling increasingly uneasy about the economy and financial system. We don’t be anywhere out of the woods yet.

Many others seem to be feeling the same, perhaps this is why gold is hitting all time highs, even when everyone seems to be talking deflation!

I’m still relatively heavy in gold, via ETFs and mining stocks, etc . I do have solid downside protection in event of sizable gold fall. It is a relatively volatile commodity

Chinese have been net sellers of US debt last couple months, they seem to be using the treasuries rally to reduce their exposure to US debt. I guess they also see endless trillion dollar deficits for years. At some point there is a breaking point, when people and govt stop buying US debt, yields would have to rise, leading to heavy or hyperinflation. This is an economic doomsday scenario.

Are more people investing in gold because it is the currency of last resort?

Bubblesitter

[Bubblesitter]

How do we get out of the debt pickle?

Raising taxes is polically impossible in dead locked congress.

Reducing entitlements will be politcally impossible in deadlocked congress. Retiring baby boomers do vote in high percentages. We could stick it to the young ones, raise retirement age.

Can we inflate our way out of our debt problem? Only problem to this is that many of our entitlements are indexed to inflation.

I’m betting govt will try to inflate its way out of our debt problem. It is the easiest polically. Couple in some some other less potically problematic ways…retirement age increase and increase in wealthy’s social security tax burden, etc. We will stilll have to have massive painful cuts in government spending.

Just some thoughts…
BS

[Bubblesitter]

How do we get out of the debt pickle?

Raising taxes is polically impossible in dead locked congress.

Reducing entitlements will be politcally impossible in deadlocked congress. Retiring baby boomers do vote in high percentages. We could stick it to the young ones, raise retirement age.

Can we inflate our way out of our debt problem? Only problem to this is that many of our entitlements are indexed to inflation.

I’m betting govt will try to inflate its way out of our debt problem. It is the easiest polically. Couple in some some other less potically problematic ways…retirement age increase and increase in wealthy’s social security tax burden, etc. We will stilll have to have massive painful cuts in government spending.

Just some thoughts…
BS

[Bubblesitter]

How do we get out of the debt pickle?

Raising taxes is polically impossible in dead locked congress.

Reducing entitlements will be politcally impossible in deadlocked congress. Retiring baby boomers do vote in high percentages. We could stick it to the young ones, raise retirement age.

Can we inflate our way out of our debt problem? Only problem to this is that many of our entitlements are indexed to inflation.

I’m betting govt will try to inflate its way out of our debt problem. It is the easiest polically. Couple in some some other less potically problematic ways…retirement age increase and increase in wealthy’s social security tax burden, etc. We will stilll have to have massive painful cuts in government spending.

Just some thoughts…
BS

[Bubblesitter]

How do we get out of the debt pickle?

Raising taxes is polically impossible in dead locked congress.

Reducing entitlements will be politcally impossible in deadlocked congress. Retiring baby boomers do vote in high percentages. We could stick it to the young ones, raise retirement age.

Can we inflate our way out of our debt problem? Only problem to this is that many of our entitlements are indexed to inflation.

I’m betting govt will try to inflate its way out of our debt problem. It is the easiest polically. Couple in some some other less potically problematic ways…retirement age increase and increase in wealthy’s social security tax burden, etc. We will stilll have to have massive painful cuts in government spending.

Just some thoughts…
BS

[Author]

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