Cash Out Now!!
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O.k., you wanna make money?? Here's the secret....
Got some cash to invest & wanna avoid the impending triple-strength financial mega-tsunami ninja-warrior crash we're about to experience any non-specific time period now?!?!
Three words fellas:
Gold-plated, diamond-wearing Garlic-fed Ostriches.
In olive groves (or pine plantations, I forget which).
Minimum 344.79% return per week.
Three words fellas:
Gold-plated, diamond-wearing Garlic-fed Ostriches.
In olive groves (or pine plantations, I forget which).
Minimum 344.79% return per week.
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Gold-plated, diamond-wearing Garlic-fed Ostriches.
In olive groves,wearing Alpaca wool jerseys... while sitting in a time share holiday house...
In olive groves,wearing Alpaca wool jerseys... while sitting in a time share holiday house...
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Be careful
Some of the responses to monster 330 have been somewhat frivolous . He raises some very good points and is simply trying to warn of an impending mess to come.
I happen to think that inflation will be the ultimate issue rather than deflation but what do I know . Having said that I strongly believe that the economic mess the west finds itself in is far from over and the second wave will be with us this year and I suspect that it will be ugly
I happen to think that inflation will be the ultimate issue rather than deflation but what do I know . Having said that I strongly believe that the economic mess the west finds itself in is far from over and the second wave will be with us this year and I suspect that it will be ugly
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mngmt mole
Regarding Gold:
The wave of deflation will take down ALL assets with it: Equities, commodities, property, bonds etc.
The relative safe haven is cash and for now USD for this reason.
Billions of dollars of credit and debt swim around the globe daily in "the markets". There are untold billions of debt that is DENOMINATED in USD, by far the largest slice of ALL debt, and as that debt is liquidated- via margin calls, withdrawals from funds- you name it- the demand on dollars USD to service that debt will put enormous upward pressure on the greenback- it will appreciate RELATIVE to all other currencies.
Ultimately the USD is dead in the water but that day is a good couple of years off yet, or more. The collapse of the USD will occur concurrently with the Collapse of the US as ANY sort of world power.
And history is full of tales of the fight country's and empires put up before their "head" finally rolls.
Also- just because the USD rallies does NOT therefore make gold decline, they are different markets that beat to their own drum.
Long term I too think gold will excel-but not before a wave of selling off via aforementioned asset DEFLATION.
Cheers
Monster
PS As an aside, only a year ago I stated that Barack Obama would serve only one term of office and be regarded in history as the big villain who presided over America's Second and Greatest Depression.
I said that because this wave of deflation was set in motion well before he reached office and was unstoppable-delayable, perhaps-unstoppable-NO.
He's merely the guy in the chair at the time. Next elections for the US will come around the Bottom-ish of this great Bear Market and he'll (wrongly) be held accountable. The pessimism extant in society wll demand it.
The wave of deflation will take down ALL assets with it: Equities, commodities, property, bonds etc.
The relative safe haven is cash and for now USD for this reason.
Billions of dollars of credit and debt swim around the globe daily in "the markets". There are untold billions of debt that is DENOMINATED in USD, by far the largest slice of ALL debt, and as that debt is liquidated- via margin calls, withdrawals from funds- you name it- the demand on dollars USD to service that debt will put enormous upward pressure on the greenback- it will appreciate RELATIVE to all other currencies.
Ultimately the USD is dead in the water but that day is a good couple of years off yet, or more. The collapse of the USD will occur concurrently with the Collapse of the US as ANY sort of world power.
And history is full of tales of the fight country's and empires put up before their "head" finally rolls.
Also- just because the USD rallies does NOT therefore make gold decline, they are different markets that beat to their own drum.
Long term I too think gold will excel-but not before a wave of selling off via aforementioned asset DEFLATION.
Cheers
Monster
PS As an aside, only a year ago I stated that Barack Obama would serve only one term of office and be regarded in history as the big villain who presided over America's Second and Greatest Depression.
I said that because this wave of deflation was set in motion well before he reached office and was unstoppable-delayable, perhaps-unstoppable-NO.
He's merely the guy in the chair at the time. Next elections for the US will come around the Bottom-ish of this great Bear Market and he'll (wrongly) be held accountable. The pessimism extant in society wll demand it.
Last edited by monster330; 26th Jan 2010 at 12:44.
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Monster, although I agree with most of what you say, I take exception to a couple of points. The US as a world power is far, far from over. The size and commitment of the US military will not wane for decades. Even this year, the budget for the military is 7 times that of Chinas. The US govt will ensure that any closing of the gap would be addressed. It is also worth pointing out the quality gap, which is also significant. I can assure you that US Carrier Groups will be a presence in the South China Sea well past our lifetimes. As for Obama 'wrongly' being held accountable..? He has embarked on the attempted socialisation of the US economy and society on a scale not seen since FDR. While unemployment has accelerated at an historic pace, he has focused on 'health care reform', something which only 25% of the population says is a 'priority'. The fact that he has lost 3 important congressional elections in a row shows that the people of the country are strongly against his agenda. He basically controls the car companies, the banks, the insurance companies, co-opted the health care companies, and basically has meddled in nearly every area of the economy. Never mind the ridiculous attempt at 'Cap and Trade', and his willingness to turn over soverign control of the economy to a 'world' global warming govermental agency (thankfully that has died it's deserved death). Obama will be a one term president because the country will rightly throw him out for incompetence. As for Gold, I agree it will come of it's highs, but the reality is that the dollar will eventually collapse, and Gold will be the safe haven for all investors and soverign buyers. It can only see historic rises over the next decade or so.
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monster330.......Good points, well raised. Of course, the central tenet of socionomics is that the masses 'herd', so it's pretty pointless offering contrarian advice for the masses to 'heed'.....it is 'oxymoronic' (not sure if that is actually an adjective!)
mngmtmole.......I don't share your optimism on the future of the US. I remember reading Morris Berman's "Twighlight Of American Culture" about 6 or 7 years ago. The author points out the mounting evidence of the non-reversable decline in the US as a superpower/empire, and his prophesies are becoming reality. He believes the US will be a police state by 2030ish, and a third world country by ~2070. The evidence for this terminal decline is wide and varied; most recently, Standard and Poors have estimated US Treasury Debt will fall from AAA+ to speculative grade by 2030, and with a deficit of trillions each year, it's not hard to believe this will become a reality. On the social front, Berman points out the enourmous scale of social decay resulting from all the typical trappings....the drug trade, crime, lowering of educational standards, consumerism, debt laden households etc etc etc. Unfortunately, the rest of the US's allies are following closely behind, so I guess we may all go down together!
Your optimism puts you in good company though.......even Warren Buffett believes America's best years are ahead!
lmh
mngmtmole.......I don't share your optimism on the future of the US. I remember reading Morris Berman's "Twighlight Of American Culture" about 6 or 7 years ago. The author points out the mounting evidence of the non-reversable decline in the US as a superpower/empire, and his prophesies are becoming reality. He believes the US will be a police state by 2030ish, and a third world country by ~2070. The evidence for this terminal decline is wide and varied; most recently, Standard and Poors have estimated US Treasury Debt will fall from AAA+ to speculative grade by 2030, and with a deficit of trillions each year, it's not hard to believe this will become a reality. On the social front, Berman points out the enourmous scale of social decay resulting from all the typical trappings....the drug trade, crime, lowering of educational standards, consumerism, debt laden households etc etc etc. Unfortunately, the rest of the US's allies are following closely behind, so I guess we may all go down together!
Your optimism puts you in good company though.......even Warren Buffett believes America's best years are ahead!
lmh
Last edited by luvmuhud; 27th Jan 2010 at 09:28.
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Whew!! I'm glad that el commandante put that last line in his diatribe, otherwise I never would have known. While I am also confident that the US is on the backside of it's reign as supreme superpower, I would caution you on counting your eggs before they hatch WRT China. China is indeed a fledgling superpower, but things are not all peaches and cream across the border. You want to talk about wealth gaps? While the high-speed train network is admirable, and a step in the right direction, how about things like scrubbers on power plants? How about all of the highways to nowhere? Public works projects are fantastic, necessary, and the US has been lacking an overhaul for 40 years, but across the border, I'm not sure how much the "public" is helped by the many public works projects in progress there. I think you have a "rose tinted" view of things, and perhaps you should step back for some perspective. As for cashing in, i'm in for the long haul, so buy, buy, and buy some more!!!! Cheers!!
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