As the dollar collapses, those holding the dollars are trading the US dollar for real assets/commodities. Including fertilizers and phosphates etc.... [more]
CNN does a good interview with Dr Paul here. FED, food inflation, war, the value of the dollar etc... all covered [more]
“7) Chinese stock market falls 40% by late summer” Predictions 2008: S&P Falls 25%, Chinese Mkt Falls 40%, Ron Paul Wins Presidency, Oil $175 etc... [more]
"The average price of gas in the United States today is approximately $3.25. The question is, why are gas prices not higher than they are?" [more]
"To grasp American immigration policy, to the extent that it can be grasped, one need only remember that the United States forbids smoking while subsidizing tobacco growers." [more]
I received a call from a relative, who had read my post and believed I was depressed. She was angry that I might be scaring people with my Bearish posts.
FOR THE RECORD [more]
“I think actually the spending in the war might help with jobs…because we’re buying equipment, and people are working. I think this economy is down because we built too many houses and the economy’s adjusting. “ (1)
Taken from Housing Panic: 8,200 signatures so far today. Come on folks - and fellow bubble bloggers - let's get that to 80,000
As a community of investors I believe we should have a voice on such an issues. I hope many fellow Fools will support the petition. [more]
The purpose of this column is not to warn of an imminent assault on Iran, though personally I think it is coming, and soon. Rather, it is to warn of a possible consequence of such an attack. Let me state it here, again, as plainly as I can: an American attack on Iran could cost us the whole army we now have in Iraq. William Lind [more]
I am estimating a severe recession. A depression is possible and the greater the expectation of a depression, the greater the likely hood of a depression. The US economy is estimated to be 60-70% based on consumption, if consumers cut back (and they are) the impact will be even more severe. Wallstreet, retail, homebuilding, auto manufacturing are laying off people.
This may pass and be minor event, but I do not think it is. Neither does George Soros. “I consider this the biggest financial crisis of my lifetime,” Mr. Soros said during an interview Monday in his office overlooking Central Park. A “superbubble” that has been swelling for a quarter of a century is finally bursting, he said. (ref "The Face of a Prophet", NY Times By LOUISE STORY, Published: April 11, 2008) [more]
The biggest issue you should take on before investing is the War. What is your position on the war? [more]
Quote me: If Jesse Ventura runs for President, he will win by a LANDSLIDE. [more]
Venice Bar Uses Discount to Lure 'Poor Yanks'
– Harry's Bar in Venice has offered hospitality to tourists and expatriates since the days of Ernest Hemingway. But in recent months Harry's has noticed a sharp drop in the number of Americans showing up at the home of the Bellini cocktail. So restaurant owner Arrigo Cipriani has a novel solution: a 20% discount to subprime-stricken Americans for everything on the menu. The discount will last as long as the weak dollar keeps Americans away from the classic Venice establishment, Cipriani told Reuters. US citizens won't need to bring their passports—"We will judge by the accent," he said. If other Anglophones manage to fool the bartender, they'll get the discount as well, he added. Indeed, Cipriani knows something about deception: he was convicted of tax fraud last year. [more]
An ad by Absolut Vodka, likely do attaract a few drinkers in Mexico, might not have a great impact in the US, since the ad is in Spanish? I could not upload the image, I am sorry. I tried. [more]
Taken from Vox Day's Blog:
Immigration is service offshoring [more]
FYI - Gold vs Dollar: [more]
Tribute to Peter Schiff [more]
Jesse Ventura Discusses Politics Part 1 [more]
From Col Bartos Blog Shrapnel: [more]