tag:blogger.com,1999:blog-8964596045360803212.post138143437771705140..comments2023-10-11T04:38:51.793-07:00Comments on Accept The Challenge: Confused and DisgustedChief Instructorhttp://www.blogger.com/profile/13604561415860237705noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-8964596045360803212.post-47808132171312250242010-06-20T11:43:22.086-07:002010-06-20T11:43:22.086-07:00Montezuma, I know nothing about this Mabus person ...Montezuma, I know nothing about this Mabus person - I'll need to do some research. I just started reading "The Road To Serfdom" - I'll look into "Epicenter" and see if I can get it on the "To Read" queue!<br /><br />Anon, yep, I look at my gold and silver as a hedge, not an investment. I believe that over time, inflation must increase (for the reasons you indicated). The dollar will devalue. Precious metals will help to offset some of that damage.<br /><br />TOR, I think the new reserve currency has a decent shot at happening. Aside from being able to spit in the eye of America, having a "basket of currencies" will help to smooth out market fluctuations. And like the Dow Jones Industrials, if one of the currencies in the basket starts to suck too loudly, they just replace it with another.<br /><br />For the US, it would suck. For everyone else, it actually makes a lot of sense.Chief Instructorhttps://www.blogger.com/profile/13604561415860237705noreply@blogger.comtag:blogger.com,1999:blog-8964596045360803212.post-24427052845153867622010-06-19T13:46:23.461-07:002010-06-19T13:46:23.461-07:00I think I'll be sticking to silver for awhile....I think I'll be sticking to silver for awhile. Gold just might be past the ridiculousness limit for me. Other than that I think Russia is just spouting and blustering. At best they are a petrol state with ebbs and flows in their economy to match. Their stock market is a half a joke and they are more than half a dictatorship. China is a big market and producer but nobody trusts them. <br /><br />All this talk about moving to another reserve currency seems dead in the water because there isn't a big and stable enough option. With the Euro tanking I think that is becoming more clear. Maybe this whole special drawing rights type thing could happen but otherwise I am not holding my breath.Ryanhttps://www.blogger.com/profile/09612373437033635765noreply@blogger.comtag:blogger.com,1999:blog-8964596045360803212.post-40186042022691142402010-06-19T10:24:04.836-07:002010-06-19T10:24:04.836-07:00Isn't freedom wonderful? You are free to buy ...Isn't freedom wonderful? You are free to buy gold at the asking price and the owner of the gold is free to ask what they want. And both parties are free to decide if America's policies and mistakes make gold worth more then dollars. The government is printing dollars as fast as they can and spending even more then that on programs that will only increase in cost over time. The free market knows the U.S. is in deep trouble and the dollar will continue it's downward spiral. But that being said the market is fickle and the information is not perfect so don't assume too much based on a temporary increase or decrease in the price of gold.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8964596045360803212.post-23798050850399585232010-06-19T08:53:58.926-07:002010-06-19T08:53:58.926-07:00Re: Gulf Oil Disaster... Obviously this administra...Re: Gulf Oil Disaster... Obviously this administration has failed regarding it's response. So I was initially optimistic about the appointment of Ray Mabus as the Gulf Restoration Chief (despite the fact that "mabus" is specifically mentioned in the Nostradamus Prophecy)... I was optimistic until I heard that his appointment is only PART TIME??? So much for the idea that we are truly committed to cleaning this up. <br /><br />I have been reading this book called Epicenter -- by Joel Rosenberg... It is really quite amazing and has really been an eye opener for me.Montezumahttps://www.blogger.com/profile/05380704393964007088noreply@blogger.comtag:blogger.com,1999:blog-8964596045360803212.post-75906109961544407982010-06-18T12:41:28.241-07:002010-06-18T12:41:28.241-07:00Mike, yep, there is some much uncertainty right no...Mike, yep, there is some much uncertainty right now. It's so difficult gauge what is going to happen next. All of the "normal" signals are screwed with so fully that they are almost useless. Up is down, left is right.Chief Instructorhttps://www.blogger.com/profile/13604561415860237705noreply@blogger.comtag:blogger.com,1999:blog-8964596045360803212.post-41119231064872211962010-06-18T11:22:12.180-07:002010-06-18T11:22:12.180-07:00I think the only thing we all need to understand i...I think the only thing we all need to understand is; just keep stocking up. It's going to be a very long, rough road after the splat.<br /><br />MikeH.MikeH.https://www.blogger.com/profile/11511925756474067012noreply@blogger.comtag:blogger.com,1999:blog-8964596045360803212.post-37071548584649656332010-06-18T11:21:13.302-07:002010-06-18T11:21:13.302-07:00Andrea, indeed. It's getting a bit surreal ou...Andrea, indeed. It's getting a bit surreal out there. When an administration-lover like George Stephanopoulos starts being concerned when Obama uses "martial law-like" language, you know things are getting a bit dicey.<br /><br /><i>"GEORGE STEPHANOPOULOS: What struck me tonight, Diane, is you know those Oval Office addresses are often used when the nation is at war and tonight the President used martial language. He talked about a “siege,” the “assault on our shores” and his “battle plan” to fix it. And he said we have to “rally together.”"</i>Chief Instructorhttps://www.blogger.com/profile/13604561415860237705noreply@blogger.comtag:blogger.com,1999:blog-8964596045360803212.post-71996266572861543692010-06-18T10:45:34.162-07:002010-06-18T10:45:34.162-07:00It's crazy and I'm not even going to prete...It's crazy and I'm not even going to pretend that I understand it. Any of it. I just keep stocking up on food and lamp oil.Andreahttps://www.blogger.com/profile/14662745930080756613noreply@blogger.com