EggplantWizard (99.82)

Inflation Propoganda Film from 1933 and some thoughts on inflation

May 21, 2009 – Comments (3) | RELATED TICKERS: FAZ , BGZ , UDN

And we all know how things went from 1933 on, right?

In case a reminder is needed....

I have a live position in FAZ at the moment, but consider the *trillions* of dollars (when a fractional reserve ratio is taken into account -- far more) that the fed is creating out of thin air, and how much easier it is to accomplish now than it was in 1933.

Consider this article U.S. May Strip SEC of Powers in Regulatory Overhau -- and who would they be giving these powers to -- the Fed!A private organization which rather than just failing to do its job, does it's job either poorly, or nefariously for the benefit of a few, depending on who you ask.

I'll tell you -- I think we're a long way from the real bottom in these market conditions, but I'd be a little bit surprised if the nominal bottom isn't already in, and I'll be looking to close my ultrashorts soon-ish, even at a slighty loss (We have further to fall in the short term... this rally got out of control).

[all of this is my personal opinion of course, and not intended as investment advice]