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XMFSinchiruna (27.56)

February 2009

Recs

42

$8.6 Trillion Was a Drop in the Bucket! - The Latest Crisis Tally

February 19, 2009 – Comments (17)

Many of you will recall the two prior versions of this article from October and November 2008, which pegged the crisis tally at the time at $3.9 Trillion and $8.6 Trillion, respectively. Well, with the addition of Obama's stimulus plan and Geithner's expansion of TALF alone to $1 trillion, we have hurdled beyond the $10 trillion mark. Take a look, give the article a rec if you appreciate the research, and of course come back and tell me what you think of the article.  [more]

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27

Trader Dan Norcini Nails it -- as Always. :)

February 11, 2009 – Comments (11)

Again, for anyone with exposure to gold, Trader Dan's analyses are required reading as far as I'm concerned. In my opinion, he has never failed to grasp the underpinnings of every key moment of this volatile bull market run for gold thus far. For that matter, all of the material posted at jsmineset.com is invaluable to anyone with an interest in gold. I assure you, misconceptions and misunderstandings about gold are rampant here within the Fool blogs. I continue to do everything I can to help Fools understand why gold's move substantially higher remains inevitable, and feel as though anyone not convinced by now might well never be, but I'll keep posting on the topic right up through $2,000 gold in case I'm able to help even a handful of additional Fools. Life would be boring if everyone agreed with us, so I'm happy to have detractors, but at the very least I hope every investor will devote substantial time researching gold and silver, the state of the USD, etc. before deciding for themselves whether they want exposure within their portfolios.     [more]

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30

Marc Faber - U.S. Employing the "Zimbabwe School of Economics"

February 11, 2009 – Comments (2)

Faber issues some seriously notable quotables in this gem from CNBC this morning:  [more]

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34

Why Silver is More Precious Than Gold

February 10, 2009 – Comments (14) | RELATED TICKERS: CEF , SLW , CDE

From the beginning of my contributions here at The Fool, I have expressed my conviction that silver offers far more upside potential than even gold for Fools seeking precious metals exposure. By no means do I advocate targeting exclusively silver in place of gold, but I maintain that silver makes the perfect complement to gold exposure, and ought not be overlooked.  [more]

Recs

100

The One Jaw Dropping Video that Every Fool Must See

February 09, 2009 – Comments (40)

Fools who read my blogs regularly know I have been fascinated by what may have been included within the dire warnings issued to members of Congress by Paulson and Bernanke behind closed doors on Thursday, September 18, 2008. As the debates lingered on over the week that followed, several members voiced their sense of shock over the severity of the warnings, while refusing to divulge the details to a public that deserves to know. Representative Sherman later revealed that members were warned that Martial Law would result if the $700 bailout plan was not passed, and Iguadland10 posted another video ascribing that particular warning to Paulson. The New York Times quoted Senator Dodd as jumping in when Charles Schumer described the meeting as 'somber': “Somber doesn’t begin to justify the words,” he said. “We have never heard language like this.” Also from NYT: Although Mr. Schumer, Mr. Dodd and other participants declined to repeat precisely what they were told by Mr. Bernanke and Mr. Paulson, they said the two men described the financial system as effectively bound in a knot that was being pulled tighter and tighter by the day.  [more]

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20

Foolish Earnings Roundup

February 06, 2009 – Comments (5)

I've been torn away from the blogs by a rapid-fire round of earnings reports. Here's what I've been up to:  [more]

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38

The Big Bang: U.S. Dollar Devaluation on its Way

February 04, 2009 – Comments (15)

I don't know how I missed this article, Fools. It's a biggie. Although this is an editorial, she cites press reports from over the weekend suggesting that the Obama administration might be preparing a financial intervention that would absolutely dwarf in scale everything that has been done to date. Read for yourself... if this report is accurate, then we are talking about a key strategic turning point for the U.S. and a major impetus for foreign debtors to move out of USD assets as their primary reserves. An announcement like this would send gold straight above $1,200 at the very least IMO, and begin the march up to $2,000.   [more]

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17

Merrill Lynch CIO sees $1,500 Gold in 12-15 Months

February 03, 2009 – Comments (2)

There are many portions of the following article which I consider typical useless babblings from the same sorts of cyclopses that led the world into this mess in the first place. I certainly do not advocate looking to people in these sorts of positions for advice on how to invest in this environment. I reference this article not for the insight it offers but rather to document the fluctuating and accumulating admissions by entities representing the mainstream financial establishment of how dire the crisis truly is. I do not lend credence to efforts to time certain targets for gold within a given quarter, since far too many factors are at play for anyone to predict near-term timing, but I still find it worthwhile to report mainstream bullish targets for gold as consensus slowly gathers from within their fold. Remember, these are the very same sorts of entities that have been relentlessly manipulating the dollar gold price through the COMEX market, so their true intentions can never be known IMO, but it's interesting nonetheless.   [more]

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33

Global Bankruptcy as World Leaders Succomb to Monetary Dementia

February 03, 2009 – Comments (11)

An interesting article from fellow blogger Sharon Kayser, whose work I have admired before.  [more]

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42

The Scariest Balance Sheet of All

February 02, 2009 – Comments (22)

This article pretty much sums up my holistic position on where the U.S. economy is heading, how bailouts and stimuli will only make matters worse, what it all means for the USD, and my resulting stance on gold. I hope you enjoy it, and welcome your thoughts and responses as always. The USD is on life support, and the world stands with its finger on the switch ready to turn the machine off. Never in this country's history, in my opinion, have we faced challenges of this magnitude, and I urge Fools to consider the ramifications of a worldwide currency event that involves the termination of USD's role as reserve currency of the world. Nothing less appears to be baked into this burnt Apple Pie.   [more]

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26

Buyer Beware: Struggling Auto Dealers Selling Cars with Unpaid Liens

February 02, 2009 – Comments (5)

Now I know that Fools are way too smart to fall victim to such activities, I still find it fascinating from an anecdotal point of view as further indication of the state of disarray unfolding in our society from the present crisis. Whether it's California refusing to pay moneys owed their constituents, politicians encouraging foreclosed home'owners' to squat, or unscrupulous car dealers sticking buyers with old loans without their knowledge, I feel increasingly certain that a royal backlash of public sentiment towards the government that was presumed by so many to protect them from suffering such fates.   [more]

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