[socrattt]

I just took out my last $71.42 and buried it like a treasure :).

The idea of something happening to your money is not that far fetched, but it is well in line with an idea of a doomsday scenario. If you have a problem with getting your money from your bank or insurance from the FDIC, chances are we will be in the middle of a catastrophic sized financial problem in this country and you will have much more to worry about than paper. You will need to provide food for you and your family amongst other things.

So the question lies, is it smarter to do a run on the banks or stock up on necessities? I just ran into a gentleman who owns 1 million pounds of wheat! Yes, I said that correctly 1 million pounds. He seemed to be somewhat of a normal person, but just felt as though the agricultural market and commodity market is on the brink of some major changes. Wheat has an incredible shelf life and as times get more difficult maybe stocking up on these types of things will be more valuable than a piece of paper. Just my two cents.

The more I dissect the issue of what could happen the more I realize that my worry no longer becomes one of finances, but much more of protecting my family and making sure there is food on the table. At the end of the day money means very little including silver and gold as you can’t eat it (I own plenty, but that’s reality).

[socrattt]

I just took out my last $71.42 and buried it like a treasure :).

The idea of something happening to your money is not that far fetched, but it is well in line with an idea of a doomsday scenario. If you have a problem with getting your money from your bank or insurance from the FDIC, chances are we will be in the middle of a catastrophic sized financial problem in this country and you will have much more to worry about than paper. You will need to provide food for you and your family amongst other things.

So the question lies, is it smarter to do a run on the banks or stock up on necessities? I just ran into a gentleman who owns 1 million pounds of wheat! Yes, I said that correctly 1 million pounds. He seemed to be somewhat of a normal person, but just felt as though the agricultural market and commodity market is on the brink of some major changes. Wheat has an incredible shelf life and as times get more difficult maybe stocking up on these types of things will be more valuable than a piece of paper. Just my two cents.

The more I dissect the issue of what could happen the more I realize that my worry no longer becomes one of finances, but much more of protecting my family and making sure there is food on the table. At the end of the day money means very little including silver and gold as you can’t eat it (I own plenty, but that’s reality).

[socrattt]

I just took out my last $71.42 and buried it like a treasure :).

The idea of something happening to your money is not that far fetched, but it is well in line with an idea of a doomsday scenario. If you have a problem with getting your money from your bank or insurance from the FDIC, chances are we will be in the middle of a catastrophic sized financial problem in this country and you will have much more to worry about than paper. You will need to provide food for you and your family amongst other things.

So the question lies, is it smarter to do a run on the banks or stock up on necessities? I just ran into a gentleman who owns 1 million pounds of wheat! Yes, I said that correctly 1 million pounds. He seemed to be somewhat of a normal person, but just felt as though the agricultural market and commodity market is on the brink of some major changes. Wheat has an incredible shelf life and as times get more difficult maybe stocking up on these types of things will be more valuable than a piece of paper. Just my two cents.

The more I dissect the issue of what could happen the more I realize that my worry no longer becomes one of finances, but much more of protecting my family and making sure there is food on the table. At the end of the day money means very little including silver and gold as you can’t eat it (I own plenty, but that’s reality).

[socrattt]

I just took out my last $71.42 and buried it like a treasure :).

The idea of something happening to your money is not that far fetched, but it is well in line with an idea of a doomsday scenario. If you have a problem with getting your money from your bank or insurance from the FDIC, chances are we will be in the middle of a catastrophic sized financial problem in this country and you will have much more to worry about than paper. You will need to provide food for you and your family amongst other things.

So the question lies, is it smarter to do a run on the banks or stock up on necessities? I just ran into a gentleman who owns 1 million pounds of wheat! Yes, I said that correctly 1 million pounds. He seemed to be somewhat of a normal person, but just felt as though the agricultural market and commodity market is on the brink of some major changes. Wheat has an incredible shelf life and as times get more difficult maybe stocking up on these types of things will be more valuable than a piece of paper. Just my two cents.

The more I dissect the issue of what could happen the more I realize that my worry no longer becomes one of finances, but much more of protecting my family and making sure there is food on the table. At the end of the day money means very little including silver and gold as you can’t eat it (I own plenty, but that’s reality).

[socrattt]

I just took out my last $71.42 and buried it like a treasure :).

The idea of something happening to your money is not that far fetched, but it is well in line with an idea of a doomsday scenario. If you have a problem with getting your money from your bank or insurance from the FDIC, chances are we will be in the middle of a catastrophic sized financial problem in this country and you will have much more to worry about than paper. You will need to provide food for you and your family amongst other things.

So the question lies, is it smarter to do a run on the banks or stock up on necessities? I just ran into a gentleman who owns 1 million pounds of wheat! Yes, I said that correctly 1 million pounds. He seemed to be somewhat of a normal person, but just felt as though the agricultural market and commodity market is on the brink of some major changes. Wheat has an incredible shelf life and as times get more difficult maybe stocking up on these types of things will be more valuable than a piece of paper. Just my two cents.

The more I dissect the issue of what could happen the more I realize that my worry no longer becomes one of finances, but much more of protecting my family and making sure there is food on the table. At the end of the day money means very little including silver and gold as you can’t eat it (I own plenty, but that’s reality).

[socrattt]

Not sure what impact it will really have but my guess says that gold challenging $1K could have an impact on the future of the markets. It may not be much of a telling sign, but it does show us that many investors are making the move back to portions of the commodity market for safety purposes.

I believe the dollar is on the brink of a major downward move, but we will have to wait and see. As far as commercial real estate, my guess is the banks won’t come knocking as fast as we think. Banks have learned a hard lesson from the residential market. If they play the cat mouse game playing with supply and demand they could spare huge losses, at least that is the thought.

As much as I think we will have some changes this fall my prediction is that 2010 will be an ugly year financially for America. If I were a betting man, which I am, I would cash out of equities put a little money in gold stocks and relax. Not much else can be predicted with the manipulation game in place.

[socrattt]

Not sure what impact it will really have but my guess says that gold challenging $1K could have an impact on the future of the markets. It may not be much of a telling sign, but it does show us that many investors are making the move back to portions of the commodity market for safety purposes.

I believe the dollar is on the brink of a major downward move, but we will have to wait and see. As far as commercial real estate, my guess is the banks won’t come knocking as fast as we think. Banks have learned a hard lesson from the residential market. If they play the cat mouse game playing with supply and demand they could spare huge losses, at least that is the thought.

As much as I think we will have some changes this fall my prediction is that 2010 will be an ugly year financially for America. If I were a betting man, which I am, I would cash out of equities put a little money in gold stocks and relax. Not much else can be predicted with the manipulation game in place.

[socrattt]

Not sure what impact it will really have but my guess says that gold challenging $1K could have an impact on the future of the markets. It may not be much of a telling sign, but it does show us that many investors are making the move back to portions of the commodity market for safety purposes.

I believe the dollar is on the brink of a major downward move, but we will have to wait and see. As far as commercial real estate, my guess is the banks won’t come knocking as fast as we think. Banks have learned a hard lesson from the residential market. If they play the cat mouse game playing with supply and demand they could spare huge losses, at least that is the thought.

As much as I think we will have some changes this fall my prediction is that 2010 will be an ugly year financially for America. If I were a betting man, which I am, I would cash out of equities put a little money in gold stocks and relax. Not much else can be predicted with the manipulation game in place.

[socrattt]

Not sure what impact it will really have but my guess says that gold challenging $1K could have an impact on the future of the markets. It may not be much of a telling sign, but it does show us that many investors are making the move back to portions of the commodity market for safety purposes.

I believe the dollar is on the brink of a major downward move, but we will have to wait and see. As far as commercial real estate, my guess is the banks won’t come knocking as fast as we think. Banks have learned a hard lesson from the residential market. If they play the cat mouse game playing with supply and demand they could spare huge losses, at least that is the thought.

As much as I think we will have some changes this fall my prediction is that 2010 will be an ugly year financially for America. If I were a betting man, which I am, I would cash out of equities put a little money in gold stocks and relax. Not much else can be predicted with the manipulation game in place.

[socrattt]

Not sure what impact it will really have but my guess says that gold challenging $1K could have an impact on the future of the markets. It may not be much of a telling sign, but it does show us that many investors are making the move back to portions of the commodity market for safety purposes.

I believe the dollar is on the brink of a major downward move, but we will have to wait and see. As far as commercial real estate, my guess is the banks won’t come knocking as fast as we think. Banks have learned a hard lesson from the residential market. If they play the cat mouse game playing with supply and demand they could spare huge losses, at least that is the thought.

As much as I think we will have some changes this fall my prediction is that 2010 will be an ugly year financially for America. If I were a betting man, which I am, I would cash out of equities put a little money in gold stocks and relax. Not much else can be predicted with the manipulation game in place.

[socrattt]

[quote=AN][quote=SD Realtor]To me the slate looks like fall is dedicated to healthcare, then late fall/winter will be amnesty or some substantial immigration reform. After that pending no more largescale political issues it may start. However another part of me says that rates cannot move to much with the current level of unemployment and waiting until the 2010 elections are over may not be a bad idea either. So there are a couple of possibilities and in no way should the be tied to politics… but to me they will be.[/quote]
Talking about rates, I saw an interview with the NY Fed and he stated that the Fed’s mandate is for price stability at the lowest unemployment. The question was whether he thinks leaving the rates at 1% for too long caused the housing bubble. He mentioned that he thinks the bubble would happen w/ or w/out the 1% rate. The 1% only change the magnitude of the bubble. That’s his way of saying that he wants to keep rate at today level until unemployment heads back down to ~5% level.[/quote]

Only in a perfect world could you control rates that way. We are on the brink of inflation and the FED is well aware of it. I am willing to bet a good amount that hyper inflation kicks in before we hit 5% unemployment. That’s just not feasible in this sort of climate that rates could remain where they are. That said, anything could happen. I have been looking out my window all morning in search of flying pigs. Obama and the gang seem to have ability to pull off just about anything.

[socrattt]

[quote=AN][quote=SD Realtor]To me the slate looks like fall is dedicated to healthcare, then late fall/winter will be amnesty or some substantial immigration reform. After that pending no more largescale political issues it may start. However another part of me says that rates cannot move to much with the current level of unemployment and waiting until the 2010 elections are over may not be a bad idea either. So there are a couple of possibilities and in no way should the be tied to politics… but to me they will be.[/quote]
Talking about rates, I saw an interview with the NY Fed and he stated that the Fed’s mandate is for price stability at the lowest unemployment. The question was whether he thinks leaving the rates at 1% for too long caused the housing bubble. He mentioned that he thinks the bubble would happen w/ or w/out the 1% rate. The 1% only change the magnitude of the bubble. That’s his way of saying that he wants to keep rate at today level until unemployment heads back down to ~5% level.[/quote]

Only in a perfect world could you control rates that way. We are on the brink of inflation and the FED is well aware of it. I am willing to bet a good amount that hyper inflation kicks in before we hit 5% unemployment. That’s just not feasible in this sort of climate that rates could remain where they are. That said, anything could happen. I have been looking out my window all morning in search of flying pigs. Obama and the gang seem to have ability to pull off just about anything.

[socrattt]

[quote=AN][quote=SD Realtor]To me the slate looks like fall is dedicated to healthcare, then late fall/winter will be amnesty or some substantial immigration reform. After that pending no more largescale political issues it may start. However another part of me says that rates cannot move to much with the current level of unemployment and waiting until the 2010 elections are over may not be a bad idea either. So there are a couple of possibilities and in no way should the be tied to politics… but to me they will be.[/quote]
Talking about rates, I saw an interview with the NY Fed and he stated that the Fed’s mandate is for price stability at the lowest unemployment. The question was whether he thinks leaving the rates at 1% for too long caused the housing bubble. He mentioned that he thinks the bubble would happen w/ or w/out the 1% rate. The 1% only change the magnitude of the bubble. That’s his way of saying that he wants to keep rate at today level until unemployment heads back down to ~5% level.[/quote]

Only in a perfect world could you control rates that way. We are on the brink of inflation and the FED is well aware of it. I am willing to bet a good amount that hyper inflation kicks in before we hit 5% unemployment. That’s just not feasible in this sort of climate that rates could remain where they are. That said, anything could happen. I have been looking out my window all morning in search of flying pigs. Obama and the gang seem to have ability to pull off just about anything.

[socrattt]

[quote=AN][quote=SD Realtor]To me the slate looks like fall is dedicated to healthcare, then late fall/winter will be amnesty or some substantial immigration reform. After that pending no more largescale political issues it may start. However another part of me says that rates cannot move to much with the current level of unemployment and waiting until the 2010 elections are over may not be a bad idea either. So there are a couple of possibilities and in no way should the be tied to politics… but to me they will be.[/quote]
Talking about rates, I saw an interview with the NY Fed and he stated that the Fed’s mandate is for price stability at the lowest unemployment. The question was whether he thinks leaving the rates at 1% for too long caused the housing bubble. He mentioned that he thinks the bubble would happen w/ or w/out the 1% rate. The 1% only change the magnitude of the bubble. That’s his way of saying that he wants to keep rate at today level until unemployment heads back down to ~5% level.[/quote]

Only in a perfect world could you control rates that way. We are on the brink of inflation and the FED is well aware of it. I am willing to bet a good amount that hyper inflation kicks in before we hit 5% unemployment. That’s just not feasible in this sort of climate that rates could remain where they are. That said, anything could happen. I have been looking out my window all morning in search of flying pigs. Obama and the gang seem to have ability to pull off just about anything.

[socrattt]

[quote=AN][quote=SD Realtor]To me the slate looks like fall is dedicated to healthcare, then late fall/winter will be amnesty or some substantial immigration reform. After that pending no more largescale political issues it may start. However another part of me says that rates cannot move to much with the current level of unemployment and waiting until the 2010 elections are over may not be a bad idea either. So there are a couple of possibilities and in no way should the be tied to politics… but to me they will be.[/quote]
Talking about rates, I saw an interview with the NY Fed and he stated that the Fed’s mandate is for price stability at the lowest unemployment. The question was whether he thinks leaving the rates at 1% for too long caused the housing bubble. He mentioned that he thinks the bubble would happen w/ or w/out the 1% rate. The 1% only change the magnitude of the bubble. That’s his way of saying that he wants to keep rate at today level until unemployment heads back down to ~5% level.[/quote]

Only in a perfect world could you control rates that way. We are on the brink of inflation and the FED is well aware of it. I am willing to bet a good amount that hyper inflation kicks in before we hit 5% unemployment. That’s just not feasible in this sort of climate that rates could remain where they are. That said, anything could happen. I have been looking out my window all morning in search of flying pigs. Obama and the gang seem to have ability to pull off just about anything.

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