Financial topics

Investments, gold, currencies, surviving after a financial meltdown
OLD1953
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Joined: Tue Aug 11, 2009 11:16 pm

Re: Financial topics

Postby OLD1953 » Tue Jun 01, 2010 10:47 am

If so (and I find this extremely unlikely, it's never happened and I don't think it will this time) then the US dollar would be the place to be. The US has the largest gold reserves of any government on Earth.

If you like, compare the market basket currencies to a poker game. Uncle Sam keeps passing markers, because he gets to be the house dealer. So the other players get pissed, and they call for cover. Sammy pulls out a 90 ton gold slug and says "match it or fold". So they fold, and who wins?

That game was rigged before you were born, by a couple guys named Roosevelt and Nixon.

vincecate
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Re: Financial topics

Postby vincecate » Tue Jun 01, 2010 2:31 pm

OLD1953 wrote:If so (and I find this extremely unlikely, it's never happened and I don't think it will this time) then the US dollar would be the place to be. The US has the largest gold reserves of any government on Earth.


America has had hyperinflation twice already. During the Revolutionary War they ended up saying, "not worth a Continental". And the Confederate currency also had hyperinflation. Many other countries have had hyperinflation, some several times.

There are around $15 trillion US dollars and growing fast. With 8000 tons the US has about 250 million oz of gold. This has not been audited in 50 years and there is some chance it was loaned out to companies that went bankrupt. But assuming it is all there, if you share that among all dollar holders it works out to 1 oz of gold for every $60,000 you have. But today you can buy gold for $1200 per oz. So if you want to wait till the US shares out the worlds largest gold reserve, go ahead, but it seems better to convert now.

-- Vince

vincecate
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Re: Financial topics

Postby vincecate » Tue Jun 01, 2010 6:18 pm

John and Mish are the two deflationists I follow and highly respect. Today Mish talked about problems with the different currencies and concluded his article with, "The essence of the matter is there is really nowhere to hide, except gold." So John, any softening on your views on gold? :-)

http://globaleconomicanalysis.blogspot. ... about.html

freddyv
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Consumer Metrics and the Resumption of the Secular Bear

Postby freddyv » Tue Jun 01, 2010 6:25 pm

Take a look at Consumer Metrics Index at
http://www.consumerindexes.com/ It is now showing a drop of 5% year-over-year after having been around 2% for several months. Their data predicts a GDP of around 0% for Q2 and negative 2% for Q3. They predicted a 2.5% GDP for Q1 so were a little low but they have the trend right. All the other economic data I see backs this up and fits in perfectly with my prediction last year that we would hit 11,000 on the Dow before resuming the bear market. Hold on, it could get interesting.

PS - Here is my post from September of last year about going to 11,000 on the Dow: http://generationaldynamics.com/forum/viewtopic.php?f=14&t=2&p=4193#p4193

Here's one from August of 2009: http://generationaldynamics.com/forum/viewtopic.php?f=14&t=2&p=3886#p3886

Fred
http://www.acclaiminvesting.com/

John
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Location: Cambridge, MA USA
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Re: Financial topics

Postby John » Wed Jun 02, 2010 5:33 am

Several postings by Freddyv, Oakwood and OLD1953 are off topic and have
been moved to another thread.

viewtopic.php?f=4&t=359&start=10#p5739

aedens
Posts: 4753
Joined: Tue Nov 04, 2008 4:13 pm

Re: Financial topics

Postby aedens » Thu Jun 03, 2010 9:52 am

http://www.zerohedge.com/article/keynes-kindergarteners

How do you know was asked at work today? To preserve the cup half full for the topic of context I maintain the answer how can you not know? The events over time have fully disconnected the three groups that have been alluded to. To review they are those who can, those who cannot, and as we watch the march of those who will not ever get it spread to the logical conclusion. Tools, Fools, and Choice all have unsustainable Trajectory's

Homo Economicus is being thrown out of Monetary Eden, a place of previously lush and lazy living on the cheap.
http://suddendebt.blogspot.com/2010/06/ ... -eden.html
Last edited by aedens on Fri Jun 04, 2010 4:35 pm, edited 2 times in total.

John
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Re: Financial topics

Postby John » Thu Jun 03, 2010 6:04 pm

Oakwood - your last posting was off-topic, and was moved to a
more appropriate thread.

viewtopic.php?f=4&t=359&start=20#p5766

John

Oakwood
Posts: 54
Joined: Fri Aug 14, 2009 11:01 am

Re: Financial topics

Postby Oakwood » Fri Jun 04, 2010 5:14 pm

I know this must be getting tiring and I'm sure many of you hate me by now, but I've discovered something really exciting, truly mindblowing. I've found a forecaster with a longer track record and a more accurate batting average than John. I've reviewed his predictions, and I can say without a doubt he is uncannily accurate. He has made some mistakes, but who's perfect? His name is Gerald Celente. I find some of his predictions incredibly prescient, completely unexpected. Look how early he was with "too big to fail."
The "Great Recession" (to begin in 2007)
Jan. 2004, Trends Journal

The "Panic of '08" (financial meltdown)
Dec. 2007, Trends Journal

The Coming "Greatest Depression"
Dec. 2008, Trends Journal

The 2nd American Revolution
Dec. 2007, Trends Journal

Gold Bull Run to Begin
Dec. 2001, Trends Journal

Real Estate Peak - Decline to Follow
Dec. 2004, Trends Journal

Dot-com Bust (to hit by second quarter of 2000)
Oct. 1999, Trends Journal

Asian Financial Crisis
1997, Trends 2000 by Gerald Celente

Pre 9/11 warning
Dec. 14, 2000, USA Today

Tax Protests
Dec. 2007, Trends Journal

"Economic 9/11" (prediction of Sept. 2008 financial calamity)
Dec. 2007, Trends Journal

Credit Crisis to Hit Financial Markets (by end of 2007)
Dec. 2006, Trends Journal

Demise of U.S. Automakers
Oct. 2005, Trends Journal

Gourmet Coffee
1988, Trend Tracking by Gerald Celente

"Clean Foods"/Organic trend
1988, Trend Tracking by Gerald Celente

"Technotribalism" (rise in social networking)
Oct. 1993, Trends Journal

The New Crusades
Oct. 1993, Trends Journal

"Too-Big-to-Fail" trend
Dec. 1998, Trends Journal

Internet Advertising to Fall Short
Oct. 1996, Trends Journal

The Ghost Malling of America
1997, Trends 2000 by Gerald Celente

"Wired and Out of Touch" (techno-addiction)
Oct. 1999, Trends Journal

U.S. to Lose Iraq War (one month before the war began)
Feb. 2003, Trend Alert

2001 Recession/"Recession Proofing" (how to prepare)
Dec. 2000, Trends Journal

Latino Market to Boom
1988, Trend Tracking by Gerald Celente

The Anti-Americanism trend
Dec. 2000, Trends Journal

Decline in Major Chain Stores
June 2007, Trends Journal

Seccessionist Movements
Dec. 2006, Trends Journal

Microfarming
March 1994, Trends Journal

"Little People Squeeze" (squeezing taxpayers for every last cent)
Dec. 2008, Trends Journal

Internet TV
Dec. 2005, Trends Journal

McMansions to Boarding Houses
June 1997, Trends Journal

"Back to the Land" trend
March 1995, Trends Journal

Medical Tourism
Dec. 2006, Trends Journal

Recession/Depression Chic
Dec. 2006, Trends Journal

Uptrend in Security/Home Protection Services
Oct. 2006, Trends Journal

Rise in Healthcare Industry Jobs
Oct. 2006, Trends Journal

Big Brands to Fade
Oct. 1999, Trends Journal

"Involuntary Simplicity" (downsizing trend)
Dec. 1995, Trends Journal

"Buy Local" trend
Oct. 1993, Trends Journal


http://www.trendsresearch.com/forecast.html

aedens
Posts: 4753
Joined: Tue Nov 04, 2008 4:13 pm

Re: Financial topics

Postby aedens » Fri Jun 04, 2010 5:34 pm

No we are not, at least me that is. Some have watched this link for decades also. The only point is the assertion of economic law that always assert it self.
The order of operation may differ but the outcome is a certitude and if we like it or not the Consumer will decide. The moral of the true story If you are among the 150 million who are saving little or nothing for retirement, now would be a good time to do so. If you are among those who aren't worried about health-care costs, inflation or maintaining a standard of living in retirement, now would be a good time to start worrying.

http://www.trendsresearch.com/forecast.html[/quote]

http://mises.org/articles.aspx?AuthorId=123

The State is distinguished from all other institutions in society in two ways:

1.it and it alone can interfere by the use of violence with actual or potential market exchanges of other people; and
2.it and it alone obtains its revenues by a compulsory levy, backed by violence. No other individual or group can legally act in these ways.

Meanwhile, I make a choice to save to invest in what atmospere that neither the left or right can think about me or clearly for that matter?

thomasglee
Posts: 365
Joined: Tue Feb 23, 2010 11:07 pm
Location: Texas

Re: Financial topics

Postby thomasglee » Fri Jun 04, 2010 6:59 pm

Oakwood wrote:I know this must be getting tiring and I'm sure many of you hate me by now, but I've discovered something really exciting, truly mindblowing. I've found a forecaster with a longer track record and a more accurate batting average than John. I've reviewed his predictions, and I can say without a doubt he is uncannily accurate. He has made some mistakes, but who's perfect? His name is Gerald Celente. I find some of his predictions incredibly prescient, completely unexpected. Look how early he was with "too big to fail."


You're just now finding Celente's website? lol

You're forgetting (ignoring) that this site's author is basing his "predictions" on generational dynamics and his discussions are based on his theory. Celente makes his predictions based on trends and geopolitical analysis. John is showing how trends develop,mature and coalesce. Celente's trend predictions, while he may or may not realize it, are loosely based on GD as GD is what drives trends.
Money is merely our mental measure of wealth - it is NOT wealth.

- Martin Armstrong


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