Gold mining halted in South Africa
What’s that in the sky? A bird? A plane? No, it’s the price of gold! Sucker Rally
I watched Mad Money with Jim Cramer yesterday and was shocked to see how bullish he appears to be, all of a sudden. In the morning he released a video online saying the Fed is stupid, behind the curve and should be investigated. He also dropped a bomb on America’s largest bank, saying that if Citigroup had to mark-to-market their entire inventory they would probably declare bankruptcy. Be on guard against “New Deal 2″ and useless stimulus packages
The fallout over this economic crisis may include disastrous impulsive reactions against free market capitalism. The enemies of freedom will argue that greed caused the subprime mess, therefore we need a new system that punishes those disgusting greedy corporations to benefit suffering innocent working poor families. I have already seen several editorials blaming a lack of regulation and demanding the government reign in the evil bastards on Wall Street. Everybody panic!
As stock markets around the world descend into oblivion on this joyous holiday, I thought I would take the opportunity to remind everyone that bankers will never let their empires slip away into the abyss. Financial Bloat
Why bankrupt banks may be good for America There are too many 20-somethings running around Wall Street making tens of millions of dollars every year. They actually think that’s normal, it’s not. In any economy there is a finite amount of money available to be spent without introducing inflation and allocating a disproportionate amount of that money to financial institutions is a great way to create the conditions for inevitable collapse. Street goes mad
Let me see if I understand, people are depressed about a coming economic recession so they panic sell everything in exchange for… cash? That may be a natural instinctive response but it makes no sense in an inflationary cycle, especially when a stimulus package is on the way from Congress and the Fed has promised deep rate cuts. Why the hell would you hold US dollars when inflation is higher than it’s been in decades? Project for a new Chinese century
It’s ironic how the nutcases pushing an actively hegemonic American foreign policy in the name of preserving American power will ultimately be responsible for destroying it. The ineffectiveness of central planners, whether they be in government or in central banks, to tame foreign nations or calm unnerved markets is evidence the elite are losing control. Insiders readily admit nobody has a clue how to handle this colossal shift of power. Investment strategies for an irrational world
Everyone should invest their money, the last thing you want to do in an inflationary cycle is depend on cash as a store of value. But if you’re not prepared to work hard than you should leave decisions up to someone else. I would recommend periodically seeking advice from an educated friend or family member to keep you on track – but verify with a few sources, relying on people who have little knowledge but sound authoritative can get you in trouble. Stock brokers are generally useless, their only function is to deliberately complicate the entire process and intimidate you into feeling as though you need them. I figured out Bernanke’s 2008 economic roadmap
In early July of 2007, before the August panic, I sold everything and went 100% cash in several currencies. I held on to my cash for many months while studiously trying to figure out how the sub-prime fiasco would pan out and how the Federal Reserve would respond. I finally figured it out. Rudy’s enemy to save America’s biggest bank?
The Wall Street Journal is reporting that Prince Alwaleed Bin Talal, the subject of Rudy’s scorn at last week’s New Hampshire debate, is about to invest billions more in struggling Citigroup, no thanks to Rudy of course. While it’s not a positive sign for America that foreigners are beginning to seize their assets, it does show a commitment by the Saudi Prince to saving America’s largest financial institution. Would you invest billions of dollars in a country you are trying to destroy? I didn’t think so. |
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