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March 21, 2008 at 1:19 PM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174697March 21, 2008 at 1:19 PM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174704
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ParticipantThe deflation/inflation scenario question is interesting and I see the arguments for both cases. However, the one thing I see in favor of the inflationary scenario is that it will benefit the Maja Playaz at the very tippy-top of the pyramid. They have already sheltered their wealth in other currencies, commodities, etc… If the dollar continues to slide against their investments, they will be able to snap up everything super-cheap once the collapse is complete. They will also use their power as market makers to manipulate currencies and commodities to fleece the little fish along the way.
If the deflation scenario takes hold, it will be harder for the Maja Playaz to sweep up the carnage for pennies on the dollar at the end, since their investments will be devalued as well. Since the Maja Playaz are the ones writing all the laws, getting all the government bailouts, etc… it is likely that they will get their way. Personally I think this has been their MO all along…
The tricky part for us little fish is to find some place to keep our wealth so that we don’t get fleeced as well. Gold and silver are very easy for the Maja Playaz to manipulate, so if you’re in those be prepared for a bumpy ride. Beyond that I have no idea. Jim Rogers says agriculture, but commodity investing seems risky and complicated. Perhaps we’re getting ready for another big move in the Beanie Baby market — it’s been depressed for years! NOT INVESTMENT ADVICE.
March 21, 2008 at 1:19 PM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174714ParticipantThe deflation/inflation scenario question is interesting and I see the arguments for both cases. However, the one thing I see in favor of the inflationary scenario is that it will benefit the Maja Playaz at the very tippy-top of the pyramid. They have already sheltered their wealth in other currencies, commodities, etc… If the dollar continues to slide against their investments, they will be able to snap up everything super-cheap once the collapse is complete. They will also use their power as market makers to manipulate currencies and commodities to fleece the little fish along the way.
If the deflation scenario takes hold, it will be harder for the Maja Playaz to sweep up the carnage for pennies on the dollar at the end, since their investments will be devalued as well. Since the Maja Playaz are the ones writing all the laws, getting all the government bailouts, etc… it is likely that they will get their way. Personally I think this has been their MO all along…
The tricky part for us little fish is to find some place to keep our wealth so that we don’t get fleeced as well. Gold and silver are very easy for the Maja Playaz to manipulate, so if you’re in those be prepared for a bumpy ride. Beyond that I have no idea. Jim Rogers says agriculture, but commodity investing seems risky and complicated. Perhaps we’re getting ready for another big move in the Beanie Baby market — it’s been depressed for years! NOT INVESTMENT ADVICE.
March 21, 2008 at 1:19 PM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174800ParticipantThe deflation/inflation scenario question is interesting and I see the arguments for both cases. However, the one thing I see in favor of the inflationary scenario is that it will benefit the Maja Playaz at the very tippy-top of the pyramid. They have already sheltered their wealth in other currencies, commodities, etc… If the dollar continues to slide against their investments, they will be able to snap up everything super-cheap once the collapse is complete. They will also use their power as market makers to manipulate currencies and commodities to fleece the little fish along the way.
If the deflation scenario takes hold, it will be harder for the Maja Playaz to sweep up the carnage for pennies on the dollar at the end, since their investments will be devalued as well. Since the Maja Playaz are the ones writing all the laws, getting all the government bailouts, etc… it is likely that they will get their way. Personally I think this has been their MO all along…
The tricky part for us little fish is to find some place to keep our wealth so that we don’t get fleeced as well. Gold and silver are very easy for the Maja Playaz to manipulate, so if you’re in those be prepared for a bumpy ride. Beyond that I have no idea. Jim Rogers says agriculture, but commodity investing seems risky and complicated. Perhaps we’re getting ready for another big move in the Beanie Baby market — it’s been depressed for years! NOT INVESTMENT ADVICE.
March 21, 2008 at 11:20 AM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174266ParticipantYou have beautiful cheap Mexico on your doorstep. In the UK , where our currency is also free falling, we only have expensive Euroland to go to.
And you cheap paradise is only just down the freeway
Hi gdcox, if it were only so easy. I went to Puerto Vallarta earlier this year. Great town if you’ve never visited… Anyway, a nice dinner with a bottle of wine is as expensive or more than back here in the states. Good hotels are comparable in cost to here in SD. And of couse it’s Mexico so while it’s got a lot of beauty and history and fun, let’s face it it is a bit funky — trash in the streets, dangerous driving conditions and all that. It is still a good place to visit but cheap it is not until you go way out to the little towns (still fun but definitely a different experience).
Also, Baja is becoming more dangerous lately so many of us who like travelling to Mexico are heading deeper inland these days.
March 21, 2008 at 11:20 AM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174611ParticipantYou have beautiful cheap Mexico on your doorstep. In the UK , where our currency is also free falling, we only have expensive Euroland to go to.
And you cheap paradise is only just down the freeway
Hi gdcox, if it were only so easy. I went to Puerto Vallarta earlier this year. Great town if you’ve never visited… Anyway, a nice dinner with a bottle of wine is as expensive or more than back here in the states. Good hotels are comparable in cost to here in SD. And of couse it’s Mexico so while it’s got a lot of beauty and history and fun, let’s face it it is a bit funky — trash in the streets, dangerous driving conditions and all that. It is still a good place to visit but cheap it is not until you go way out to the little towns (still fun but definitely a different experience).
Also, Baja is becoming more dangerous lately so many of us who like travelling to Mexico are heading deeper inland these days.
March 21, 2008 at 11:20 AM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174618ParticipantYou have beautiful cheap Mexico on your doorstep. In the UK , where our currency is also free falling, we only have expensive Euroland to go to.
And you cheap paradise is only just down the freeway
Hi gdcox, if it were only so easy. I went to Puerto Vallarta earlier this year. Great town if you’ve never visited… Anyway, a nice dinner with a bottle of wine is as expensive or more than back here in the states. Good hotels are comparable in cost to here in SD. And of couse it’s Mexico so while it’s got a lot of beauty and history and fun, let’s face it it is a bit funky — trash in the streets, dangerous driving conditions and all that. It is still a good place to visit but cheap it is not until you go way out to the little towns (still fun but definitely a different experience).
Also, Baja is becoming more dangerous lately so many of us who like travelling to Mexico are heading deeper inland these days.
March 21, 2008 at 11:20 AM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174626ParticipantYou have beautiful cheap Mexico on your doorstep. In the UK , where our currency is also free falling, we only have expensive Euroland to go to.
And you cheap paradise is only just down the freeway
Hi gdcox, if it were only so easy. I went to Puerto Vallarta earlier this year. Great town if you’ve never visited… Anyway, a nice dinner with a bottle of wine is as expensive or more than back here in the states. Good hotels are comparable in cost to here in SD. And of couse it’s Mexico so while it’s got a lot of beauty and history and fun, let’s face it it is a bit funky — trash in the streets, dangerous driving conditions and all that. It is still a good place to visit but cheap it is not until you go way out to the little towns (still fun but definitely a different experience).
Also, Baja is becoming more dangerous lately so many of us who like travelling to Mexico are heading deeper inland these days.
March 21, 2008 at 11:20 AM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174715ParticipantYou have beautiful cheap Mexico on your doorstep. In the UK , where our currency is also free falling, we only have expensive Euroland to go to.
And you cheap paradise is only just down the freeway
Hi gdcox, if it were only so easy. I went to Puerto Vallarta earlier this year. Great town if you’ve never visited… Anyway, a nice dinner with a bottle of wine is as expensive or more than back here in the states. Good hotels are comparable in cost to here in SD. And of couse it’s Mexico so while it’s got a lot of beauty and history and fun, let’s face it it is a bit funky — trash in the streets, dangerous driving conditions and all that. It is still a good place to visit but cheap it is not until you go way out to the little towns (still fun but definitely a different experience).
Also, Baja is becoming more dangerous lately so many of us who like travelling to Mexico are heading deeper inland these days.
ParticipantI see your point alarmclock, this could be the beginning of a bubble. Many of us saw evidence of a housing bubble here in SD back in 2002-2003. Of course it ran for a couple of years after that and is only now beginning to deflate. If gold is getting bubbly I think we are closer to the beginning than the end. This is NOT FINANCIAL ADVICE of course!
ParticipantI see your point alarmclock, this could be the beginning of a bubble. Many of us saw evidence of a housing bubble here in SD back in 2002-2003. Of course it ran for a couple of years after that and is only now beginning to deflate. If gold is getting bubbly I think we are closer to the beginning than the end. This is NOT FINANCIAL ADVICE of course!
ParticipantI see your point alarmclock, this could be the beginning of a bubble. Many of us saw evidence of a housing bubble here in SD back in 2002-2003. Of course it ran for a couple of years after that and is only now beginning to deflate. If gold is getting bubbly I think we are closer to the beginning than the end. This is NOT FINANCIAL ADVICE of course!
ParticipantI see your point alarmclock, this could be the beginning of a bubble. Many of us saw evidence of a housing bubble here in SD back in 2002-2003. Of course it ran for a couple of years after that and is only now beginning to deflate. If gold is getting bubbly I think we are closer to the beginning than the end. This is NOT FINANCIAL ADVICE of course!
ParticipantI see your point alarmclock, this could be the beginning of a bubble. Many of us saw evidence of a housing bubble here in SD back in 2002-2003. Of course it ran for a couple of years after that and is only now beginning to deflate. If gold is getting bubbly I think we are closer to the beginning than the end. This is NOT FINANCIAL ADVICE of course!
Participantgold bubble evidence — not an ad. They turned off their shopping cart and are only selling gold+silver over the phone.
Is that evidence of a bubble or simply evidence that people are looking for a safe place to put their money? Even using the bogus government CPI numbers, we are way below the inflation-adjusted price of gold in 1980. IMO, gold is valued fairly right now. It’s certainly no bargain but it’s not ridiculous either. You’ll know there’s a gold bubble when you hear people at Starbucks talking about how much money they’re making on theirs, when you see ads for trading gold on margin on late-night TV, and when Time magazine has a cover story entitled — “America’s Love Affair With Gold!”
The big problem I see with gold is that the market is very easy for the big playaz to manipulate. There is even a special interest group dedicated to exposing the rigging of the gold market. Of course in the stock market we have the PPT rigging the game using OUR TAX DOLLARS. Gotta love this “free market” system.
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