[stockstradr]

I’m a die-hard pessimist, but even I couldn’t believe it when an hour ago I just saw the markets trade down another 2% lower in only 30 min. I would have expected the bargain hunters would be dominating by now, but apparently not.

[stockstradr]

I’m a die-hard pessimist, but even I couldn’t believe it when an hour ago I just saw the markets trade down another 2% lower in only 30 min. I would have expected the bargain hunters would be dominating by now, but apparently not.

[stockstradr]

I’m a die-hard pessimist, but even I couldn’t believe it when an hour ago I just saw the markets trade down another 2% lower in only 30 min. I would have expected the bargain hunters would be dominating by now, but apparently not.

[stockstradr]

I dumped all my short market positions (which were about 50% of portfolio) this morning with the markets down another 4%.

The other 50% of my portfolio was in GOLD before the markets opened. I’m joining the markets in buying MORE gold.

Let’s consider the future implications of the Fed bailout of Fannie/Freddie, and AIG, and military spending, and the Social Security benefits deficit, and the existing Federal debt. When combined those are a financial burden the US government cannot manage. What happens in the stock market this year will be trivial compared to the long-term effects of that massive debt burden.

It is now inevitable the US government will go bankrupt, unless our government will use the only available tactic to avoid that: devaluing the dollar. This means printing money on massive scale during the next ten, twenty years. This means massive inflation. That way, our government inflates its way out of the money it owes foreign governments.

This is why gold has jumped over 5% today.

The dollar is the world’s de facto reserve currency, but when the nations who hold trillions of dollars realize that the USA must systematically devalue the dollar. Then the world will abandon the dollar. The Million Dollar Question is: what will those decision makers BUY when they selling trillions of dollars, and trillions of dollar-denominated securities?

Some guess they will buy: GOLD, Chinese Yuan, EUROS, Swiss Francs?

[stockstradr]

I dumped all my short market positions (which were about 50% of portfolio) this morning with the markets down another 4%.

The other 50% of my portfolio was in GOLD before the markets opened. I’m joining the markets in buying MORE gold.

Let’s consider the future implications of the Fed bailout of Fannie/Freddie, and AIG, and military spending, and the Social Security benefits deficit, and the existing Federal debt. When combined those are a financial burden the US government cannot manage. What happens in the stock market this year will be trivial compared to the long-term effects of that massive debt burden.

It is now inevitable the US government will go bankrupt, unless our government will use the only available tactic to avoid that: devaluing the dollar. This means printing money on massive scale during the next ten, twenty years. This means massive inflation. That way, our government inflates its way out of the money it owes foreign governments.

This is why gold has jumped over 5% today.

The dollar is the world’s de facto reserve currency, but when the nations who hold trillions of dollars realize that the USA must systematically devalue the dollar. Then the world will abandon the dollar. The Million Dollar Question is: what will those decision makers BUY when they selling trillions of dollars, and trillions of dollar-denominated securities?

Some guess they will buy: GOLD, Chinese Yuan, EUROS, Swiss Francs?

[stockstradr]

I dumped all my short market positions (which were about 50% of portfolio) this morning with the markets down another 4%.

The other 50% of my portfolio was in GOLD before the markets opened. I’m joining the markets in buying MORE gold.

Let’s consider the future implications of the Fed bailout of Fannie/Freddie, and AIG, and military spending, and the Social Security benefits deficit, and the existing Federal debt. When combined those are a financial burden the US government cannot manage. What happens in the stock market this year will be trivial compared to the long-term effects of that massive debt burden.

It is now inevitable the US government will go bankrupt, unless our government will use the only available tactic to avoid that: devaluing the dollar. This means printing money on massive scale during the next ten, twenty years. This means massive inflation. That way, our government inflates its way out of the money it owes foreign governments.

This is why gold has jumped over 5% today.

The dollar is the world’s de facto reserve currency, but when the nations who hold trillions of dollars realize that the USA must systematically devalue the dollar. Then the world will abandon the dollar. The Million Dollar Question is: what will those decision makers BUY when they selling trillions of dollars, and trillions of dollar-denominated securities?

Some guess they will buy: GOLD, Chinese Yuan, EUROS, Swiss Francs?

[stockstradr]

I dumped all my short market positions (which were about 50% of portfolio) this morning with the markets down another 4%.

The other 50% of my portfolio was in GOLD before the markets opened. I’m joining the markets in buying MORE gold.

Let’s consider the future implications of the Fed bailout of Fannie/Freddie, and AIG, and military spending, and the Social Security benefits deficit, and the existing Federal debt. When combined those are a financial burden the US government cannot manage. What happens in the stock market this year will be trivial compared to the long-term effects of that massive debt burden.

It is now inevitable the US government will go bankrupt, unless our government will use the only available tactic to avoid that: devaluing the dollar. This means printing money on massive scale during the next ten, twenty years. This means massive inflation. That way, our government inflates its way out of the money it owes foreign governments.

This is why gold has jumped over 5% today.

The dollar is the world’s de facto reserve currency, but when the nations who hold trillions of dollars realize that the USA must systematically devalue the dollar. Then the world will abandon the dollar. The Million Dollar Question is: what will those decision makers BUY when they selling trillions of dollars, and trillions of dollar-denominated securities?

Some guess they will buy: GOLD, Chinese Yuan, EUROS, Swiss Francs?

[stockstradr]

I dumped all my short market positions (which were about 50% of portfolio) this morning with the markets down another 4%.

The other 50% of my portfolio was in GOLD before the markets opened. I’m joining the markets in buying MORE gold.

Let’s consider the future implications of the Fed bailout of Fannie/Freddie, and AIG, and military spending, and the Social Security benefits deficit, and the existing Federal debt. When combined those are a financial burden the US government cannot manage. What happens in the stock market this year will be trivial compared to the long-term effects of that massive debt burden.

It is now inevitable the US government will go bankrupt, unless our government will use the only available tactic to avoid that: devaluing the dollar. This means printing money on massive scale during the next ten, twenty years. This means massive inflation. That way, our government inflates its way out of the money it owes foreign governments.

This is why gold has jumped over 5% today.

The dollar is the world’s de facto reserve currency, but when the nations who hold trillions of dollars realize that the USA must systematically devalue the dollar. Then the world will abandon the dollar. The Million Dollar Question is: what will those decision makers BUY when they selling trillions of dollars, and trillions of dollar-denominated securities?

Some guess they will buy: GOLD, Chinese Yuan, EUROS, Swiss Francs?

[stockstradr]

Whatever one thinks of Spitzer, I firmly believe he was on the right track with many of these financial corporations.

I absolutely agree. One recalls the (now ironic) many articles and opinion pieces in the WSJ that chastized Spitzer for his “unwarranted and overzealousness” in bringing about the “retirement” of ex-CEO Greenberg.

In retrospect, it CERTAINLY now does look like Greenberg deserved to be FIRED, and Spitzer was right all along about Greenberg.

[stockstradr]

Whatever one thinks of Spitzer, I firmly believe he was on the right track with many of these financial corporations.

I absolutely agree. One recalls the (now ironic) many articles and opinion pieces in the WSJ that chastized Spitzer for his “unwarranted and overzealousness” in bringing about the “retirement” of ex-CEO Greenberg.

In retrospect, it CERTAINLY now does look like Greenberg deserved to be FIRED, and Spitzer was right all along about Greenberg.

[stockstradr]

Whatever one thinks of Spitzer, I firmly believe he was on the right track with many of these financial corporations.

I absolutely agree. One recalls the (now ironic) many articles and opinion pieces in the WSJ that chastized Spitzer for his “unwarranted and overzealousness” in bringing about the “retirement” of ex-CEO Greenberg.

In retrospect, it CERTAINLY now does look like Greenberg deserved to be FIRED, and Spitzer was right all along about Greenberg.

[stockstradr]

Whatever one thinks of Spitzer, I firmly believe he was on the right track with many of these financial corporations.

I absolutely agree. One recalls the (now ironic) many articles and opinion pieces in the WSJ that chastized Spitzer for his “unwarranted and overzealousness” in bringing about the “retirement” of ex-CEO Greenberg.

In retrospect, it CERTAINLY now does look like Greenberg deserved to be FIRED, and Spitzer was right all along about Greenberg.

[stockstradr]

Whatever one thinks of Spitzer, I firmly believe he was on the right track with many of these financial corporations.

I absolutely agree. One recalls the (now ironic) many articles and opinion pieces in the WSJ that chastized Spitzer for his “unwarranted and overzealousness” in bringing about the “retirement” of ex-CEO Greenberg.

In retrospect, it CERTAINLY now does look like Greenberg deserved to be FIRED, and Spitzer was right all along about Greenberg.

[stockstradr]

Armageddon is when the rest of the world feels that the US tax payer cant afford to pay for this mess.

You’re close. I agree with the slant of your comment.

Armageddon is when foreign powers conclude the US will devalue the dollar to inflate our way out of massive debt (which we owe mostly to foreign nations). Then those nations will dump the dollar as the de facto reserve currency.

I believe that particular form of Armageddon is now INEVITABLE for the US dollar. It is merely a matter of time. The EURO, the RMB, and gold will likely benefit.

[stockstradr]

Armageddon is when the rest of the world feels that the US tax payer cant afford to pay for this mess.

You’re close. I agree with the slant of your comment.

Armageddon is when foreign powers conclude the US will devalue the dollar to inflate our way out of massive debt (which we owe mostly to foreign nations). Then those nations will dump the dollar as the de facto reserve currency.

I believe that particular form of Armageddon is now INEVITABLE for the US dollar. It is merely a matter of time. The EURO, the RMB, and gold will likely benefit.

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