World Turned upside down

[investor]

I don’t trust gold ETF’s. If the you-know-what hits the fan, good luck getting your metal then. I suggest buying the metal itself. I watch the national debt level for an indication of this being a real threat of future depression versus more doom and gloom. What has to happen to bring about financial solvency (balanced congressional budget, term limits on congressman/woman, easy to understand/ more fair flat tax for busines and personal taxes, ending of the federal reserve cabal) is not going to happen any time soon. I do hope that the tea party may be a step in the right direction though.

[investor]

Bs. By the way, I do believe that the current administration has reinflated the bubble by throwing 850 billion in TARP at it and backing untold trillions in debt bonds. I do think that the 1.3 trillion in commercial bad debt as well as the millions of homes not servicing their debt but still off the banks books does mean that we are in for a downturn at some point in the next 1-2 years. How bad? depends on how successful the fed is at throwing money at it, risking inflation and an erosion of foreign investors in dollar denominated assets. Hard to know how all of these factors will play out. Most economists really don’t have a clue, IMHO.

[investor]

Bs. By the way, I do believe that the current administration has reinflated the bubble by throwing 850 billion in TARP at it and backing untold trillions in debt bonds. I do think that the 1.3 trillion in commercial bad debt as well as the millions of homes not servicing their debt but still off the banks books does mean that we are in for a downturn at some point in the next 1-2 years. How bad? depends on how successful the fed is at throwing money at it, risking inflation and an erosion of foreign investors in dollar denominated assets. Hard to know how all of these factors will play out. Most economists really don’t have a clue, IMHO.

[investor]

Bs. By the way, I do believe that the current administration has reinflated the bubble by throwing 850 billion in TARP at it and backing untold trillions in debt bonds. I do think that the 1.3 trillion in commercial bad debt as well as the millions of homes not servicing their debt but still off the banks books does mean that we are in for a downturn at some point in the next 1-2 years. How bad? depends on how successful the fed is at throwing money at it, risking inflation and an erosion of foreign investors in dollar denominated assets. Hard to know how all of these factors will play out. Most economists really don’t have a clue, IMHO.

[investor]

Bs. By the way, I do believe that the current administration has reinflated the bubble by throwing 850 billion in TARP at it and backing untold trillions in debt bonds. I do think that the 1.3 trillion in commercial bad debt as well as the millions of homes not servicing their debt but still off the banks books does mean that we are in for a downturn at some point in the next 1-2 years. How bad? depends on how successful the fed is at throwing money at it, risking inflation and an erosion of foreign investors in dollar denominated assets. Hard to know how all of these factors will play out. Most economists really don’t have a clue, IMHO.

[investor]

Bs. By the way, I do believe that the current administration has reinflated the bubble by throwing 850 billion in TARP at it and backing untold trillions in debt bonds. I do think that the 1.3 trillion in commercial bad debt as well as the millions of homes not servicing their debt but still off the banks books does mean that we are in for a downturn at some point in the next 1-2 years. How bad? depends on how successful the fed is at throwing money at it, risking inflation and an erosion of foreign investors in dollar denominated assets. Hard to know how all of these factors will play out. Most economists really don’t have a clue, IMHO.

[UCGal]

[quote=investor]Bs. By the way, I do believe that the current administration has reinflated the bubble by throwing 850 billion in TARP at it[/quote]

Just to nitpick – TARP happened under the previous administration- Paulson, Kashkari, etc. But, in fairness, the current administration (with Geithner as Sec. of Treas) has continued the same bankster-friendly give-aways to try and reinflate things – at the expense of the taxpayer. Different party, same policy.

[UCGal]

[quote=investor]Bs. By the way, I do believe that the current administration has reinflated the bubble by throwing 850 billion in TARP at it[/quote]

Just to nitpick – TARP happened under the previous administration- Paulson, Kashkari, etc. But, in fairness, the current administration (with Geithner as Sec. of Treas) has continued the same bankster-friendly give-aways to try and reinflate things – at the expense of the taxpayer. Different party, same policy.

[UCGal]

[quote=investor]Bs. By the way, I do believe that the current administration has reinflated the bubble by throwing 850 billion in TARP at it[/quote]

Just to nitpick – TARP happened under the previous administration- Paulson, Kashkari, etc. But, in fairness, the current administration (with Geithner as Sec. of Treas) has continued the same bankster-friendly give-aways to try and reinflate things – at the expense of the taxpayer. Different party, same policy.

[UCGal]

[quote=investor]Bs. By the way, I do believe that the current administration has reinflated the bubble by throwing 850 billion in TARP at it[/quote]

Just to nitpick – TARP happened under the previous administration- Paulson, Kashkari, etc. But, in fairness, the current administration (with Geithner as Sec. of Treas) has continued the same bankster-friendly give-aways to try and reinflate things – at the expense of the taxpayer. Different party, same policy.

[UCGal]

[quote=investor]Bs. By the way, I do believe that the current administration has reinflated the bubble by throwing 850 billion in TARP at it[/quote]

Just to nitpick – TARP happened under the previous administration- Paulson, Kashkari, etc. But, in fairness, the current administration (with Geithner as Sec. of Treas) has continued the same bankster-friendly give-aways to try and reinflate things – at the expense of the taxpayer. Different party, same policy.

[investor]

Good point. The problem is both parties do similar things when it comes to money. The problem is our system of congressmen/women that set up decades of power along with the intense lobby money thrown at them that over the years, gets the best of almost anyone. Thats why term limits for congress are the only real solution. Also, having congress be volenteer only and meet only for 6 months a year would also reduce mis-behavior. A number of states govern quite well only meeting for 1-2 months a year. The country does not have to be re-invemted every year. Tweaked yes. Re-invented no. Back to work.

[investor]

Good point. The problem is both parties do similar things when it comes to money. The problem is our system of congressmen/women that set up decades of power along with the intense lobby money thrown at them that over the years, gets the best of almost anyone. Thats why term limits for congress are the only real solution. Also, having congress be volenteer only and meet only for 6 months a year would also reduce mis-behavior. A number of states govern quite well only meeting for 1-2 months a year. The country does not have to be re-invemted every year. Tweaked yes. Re-invented no. Back to work.

[investor]

Good point. The problem is both parties do similar things when it comes to money. The problem is our system of congressmen/women that set up decades of power along with the intense lobby money thrown at them that over the years, gets the best of almost anyone. Thats why term limits for congress are the only real solution. Also, having congress be volenteer only and meet only for 6 months a year would also reduce mis-behavior. A number of states govern quite well only meeting for 1-2 months a year. The country does not have to be re-invemted every year. Tweaked yes. Re-invented no. Back to work.

[investor]

Good point. The problem is both parties do similar things when it comes to money. The problem is our system of congressmen/women that set up decades of power along with the intense lobby money thrown at them that over the years, gets the best of almost anyone. Thats why term limits for congress are the only real solution. Also, having congress be volenteer only and meet only for 6 months a year would also reduce mis-behavior. A number of states govern quite well only meeting for 1-2 months a year. The country does not have to be re-invemted every year. Tweaked yes. Re-invented no. Back to work.

[Author]

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