User 86945

Interview with Jim Rogers, Part I: Bigger Financial Shocks Loom

Amt:

Sorrry, you are the one ignorant of American history. There have been three monopoly banks charted by the US government.

First Bank of the United States (1791-1811)

Second Bank of the United States (1816-1836).

The Federal Reserve the United States (1914 - ??)

All three have been completely corrupt, and the third's demise will be a welcomed event.

www.minneapolisfed.org...

en.wikipedia.org/wiki/...

Who Is Really Printing Money?

JasonC,

Could you be so kind as to suggest some of these preferred names with double digit yields?

Beazer Homes: Old Name Reaches New Low

"but switched out of the industry in favor of banks, autos and financials"

Great call Steve!

Sean Rakhimov: 3-Digit Silver Ahead

Folks, Butler and the silver crowd have been saying that we are running out of silver for years and that soon it will be in the triple digits!

Read what one note Butler wrote back in 1997

tinyurl.com/5r9pq6

Consider all the $US inflation over the last 10 years, a falling share market in real terms, housing and mortgage bust, discredited central bankers (Helicopter Ben and Easy Al) and silver is still below $20. Nice run up in silver, but nothing like the "to the moon" move the newsletter crowd have been crowing about since the 90's. Oh, but any day now, you'll see it take off like a rocket! HA HA! Somethings never change. Butler is a hack. Beware.

Did IMF Pop the Emerging Markets Bubble?

Eric, I can't speak for Stockbuyer, but my best guess is that unfortunately he like many Americans have an inordinate amount of confidence in the ability of financial and political elites to "solve" problems for society rather than the sad fact that they can be depended on making them worse.

Time to Pick Cotton?

Try COTN which trades on the LSE. Buckle up!

Ukraine: Overlooked, Yet a Promising Emerging Market

Ukraine has improved without a doubt. But my problem with it is the inflation rate which is running around 30%. If they would slow the printing presses, equities may do well in the future. Until that time, Ukraine will get cheaper as will many other emerging markets.

The Latest Victim of the Credit Crunch: Libor

Hey Orca,

How is the Baltic Dry Index F***ed up?

Opening Foreign Brokerage Accounts Is a Silly Idea

Nonsense. You can lose your money just as fast in the US as abroad. As always due diligence is required. What about offshore accounts? They have been around for years. The real economy is world wide just like financial markets. And opportunity does not stop at the border. Laughably, the writer displays much faith in US authorities in protecting your wealth and not taking it from you, what a joke! "I am from the government, I am here to help you!" Wall Street hack alert!!

U.S. Dollar Paradigm Shift Underway

Since 2000, the S+P 500 is down significantly when you price the index in oil, gold, food, industrial metals. Most rates along the yield curve are negative even when you use the phony CPI from the government. Conservative investors and US dollar savers are getting crushed The standard of living - the amount of goods people are able to purchase with their income has been falling. There will be a reduction in the spread between the real incomes of the developed world and the emerging market world. Probably not in a straight line, but it will occur over time. Many developing countries used to be controlled by the same mentality of welfare for bankers, big industry, seniors, military- fill in the blank that currently grips the U.S. The staggering US debt- public and private will have to repaid in depreciating money. More so if the systemic banking bailouts continue. Paul is right about the lunacy of borrowing from world in order to protect it from it self. The taxpayer gets stuck paying the the tab plus the interest that comes with it. The politicians, their cliques and the two major parties make a fortune from handing out the contracts. You tell the truth on the big stage in the US and you are marginalized. Any benefit in the additional increase in the supply of money gets washed out because the amount of real goods one is able to buy shrinks. Money is only useful when it is exchanged for real goods. Trade the dollar on the long side in the short term, but in the long term, the dollar should go down and it will be bad for dollar earners and holders make no mistake about it.

U.S. Dollar Paradigm Shift Underway

Here is what Mr. Krause wrote on his blog said back on Friday, October 26, 2007

"Is the market misreading the FOMC?

I am in total disbelief that the talking heads, hedge funds, and powers that be are betting so much on the fed cutting here (even 25bp) despite their past move being 50bp. The FOMC executed their last cut after a dismal jobs report, and during commercial paper crisis which resulted in a flight to 90 day bills not seen since the crash of 87!

What's different now? We aren't in credit crisis anymore. The commercial paper market, despite not being what it once was, stabilized somewhat. The unknowns of subprime asset writedowns are much more known than before (despite being worth 18 cents on the dollar versus 38-42 cents at mid august)."

Yeah, back in Oct 07, the USA was no longer in a credit crisis! Wow. Does this guy have any credibility left after that memorable statement?