World Turned upside down

[Bubblesitter]

Going back to the original post…..

I hate to admit it, but the government was right to intervene in the Bear Stearns fiasco.

Without intervention, the collapse would have perhaps triggered a “world turned upside down” scenario. It seems that everyone is now talking about systemic financial collapse.

Here’s a quote from recent Congressional testimony….

A failure to save Bear Stearns, said Timothy F. Geithner, the president of the Federal Reserve Bank of New York, would have led to “a greater probability of widespread insolvencies, severe and protracted damage to the financial system and, ultimately, to the economy as a whole.”

Bubblesitter

[patb]

those of us with cash would be fine

[patb]

those of us with cash would be fine

[patb]

those of us with cash would be fine

[patb]

those of us with cash would be fine

[patb]

those of us with cash would be fine

[Bubblesitter]

I guess it depends on the type of cash. The Dollar has been hammered the past year, and will probably continue to decline. If you have owned Euros or Loonies you have done very well.

Is your cash parked in an FDIC-insured institution?

Is your cash in money market funds?
http://www.fool.com/personal-finance/saving/2007/08/10/is-your-money-market-fund-safe.aspx

Is your cash parked in a 5year CD? If inflation (stagflation like the 70s) rears it’s head, you are locked in a CD with a poor rate of return on top of a weakening dollar.

In the event of a systemic meltdown, I’m betting on gold (via GLD ETFs) will do well. I’m holding a much bigger % of Gold in my portfolio than any time in my life. I’m also using Gold as a hedge against inflation.

Bubblesitter

[Bubblesitter]

I guess it depends on the type of cash. The Dollar has been hammered the past year, and will probably continue to decline. If you have owned Euros or Loonies you have done very well.

Is your cash parked in an FDIC-insured institution?

Is your cash in money market funds?
http://www.fool.com/personal-finance/saving/2007/08/10/is-your-money-market-fund-safe.aspx

Is your cash parked in a 5year CD? If inflation (stagflation like the 70s) rears it’s head, you are locked in a CD with a poor rate of return on top of a weakening dollar.

In the event of a systemic meltdown, I’m betting on gold (via GLD ETFs) will do well. I’m holding a much bigger % of Gold in my portfolio than any time in my life. I’m also using Gold as a hedge against inflation.

Bubblesitter

[Bubblesitter]

I guess it depends on the type of cash. The Dollar has been hammered the past year, and will probably continue to decline. If you have owned Euros or Loonies you have done very well.

Is your cash parked in an FDIC-insured institution?

Is your cash in money market funds?
http://www.fool.com/personal-finance/saving/2007/08/10/is-your-money-market-fund-safe.aspx

Is your cash parked in a 5year CD? If inflation (stagflation like the 70s) rears it’s head, you are locked in a CD with a poor rate of return on top of a weakening dollar.

In the event of a systemic meltdown, I’m betting on gold (via GLD ETFs) will do well. I’m holding a much bigger % of Gold in my portfolio than any time in my life. I’m also using Gold as a hedge against inflation.

Bubblesitter

[Bubblesitter]

I guess it depends on the type of cash. The Dollar has been hammered the past year, and will probably continue to decline. If you have owned Euros or Loonies you have done very well.

Is your cash parked in an FDIC-insured institution?

Is your cash in money market funds?
http://www.fool.com/personal-finance/saving/2007/08/10/is-your-money-market-fund-safe.aspx

Is your cash parked in a 5year CD? If inflation (stagflation like the 70s) rears it’s head, you are locked in a CD with a poor rate of return on top of a weakening dollar.

In the event of a systemic meltdown, I’m betting on gold (via GLD ETFs) will do well. I’m holding a much bigger % of Gold in my portfolio than any time in my life. I’m also using Gold as a hedge against inflation.

Bubblesitter

[Bubblesitter]

I guess it depends on the type of cash. The Dollar has been hammered the past year, and will probably continue to decline. If you have owned Euros or Loonies you have done very well.

Is your cash parked in an FDIC-insured institution?

Is your cash in money market funds?
http://www.fool.com/personal-finance/saving/2007/08/10/is-your-money-market-fund-safe.aspx

Is your cash parked in a 5year CD? If inflation (stagflation like the 70s) rears it’s head, you are locked in a CD with a poor rate of return on top of a weakening dollar.

In the event of a systemic meltdown, I’m betting on gold (via GLD ETFs) will do well. I’m holding a much bigger % of Gold in my portfolio than any time in my life. I’m also using Gold as a hedge against inflation.

Bubblesitter

[Arraya]

I hate to admit it, but the government was right to intervene in the Bear Stearns fiasco.

How do you know? Just because the same federal reserve the created the problems tells you. And at the same time they are telling you this they are asking for more power to fix the mess. I thought the fed was created for stability? Is that what we have now?

I got news for you the economy is screwed regardless if Bear Sterns went BK or not. Is Bear Sterns going to lower gas prices, fix the deficit, pump all the money back into the economy that is missing from mortgage equity withdraws, bring manufacturing jobs back?

[Arraya]

I hate to admit it, but the government was right to intervene in the Bear Stearns fiasco.

How do you know? Just because the same federal reserve the created the problems tells you. And at the same time they are telling you this they are asking for more power to fix the mess. I thought the fed was created for stability? Is that what we have now?

I got news for you the economy is screwed regardless if Bear Sterns went BK or not. Is Bear Sterns going to lower gas prices, fix the deficit, pump all the money back into the economy that is missing from mortgage equity withdraws, bring manufacturing jobs back?

[Arraya]

I hate to admit it, but the government was right to intervene in the Bear Stearns fiasco.

How do you know? Just because the same federal reserve the created the problems tells you. And at the same time they are telling you this they are asking for more power to fix the mess. I thought the fed was created for stability? Is that what we have now?

I got news for you the economy is screwed regardless if Bear Sterns went BK or not. Is Bear Sterns going to lower gas prices, fix the deficit, pump all the money back into the economy that is missing from mortgage equity withdraws, bring manufacturing jobs back?

[Arraya]

I hate to admit it, but the government was right to intervene in the Bear Stearns fiasco.

How do you know? Just because the same federal reserve the created the problems tells you. And at the same time they are telling you this they are asking for more power to fix the mess. I thought the fed was created for stability? Is that what we have now?

I got news for you the economy is screwed regardless if Bear Sterns went BK or not. Is Bear Sterns going to lower gas prices, fix the deficit, pump all the money back into the economy that is missing from mortgage equity withdraws, bring manufacturing jobs back?

[Author]

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