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Could Jefferson Save California's Budget Deficit?

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July 28, 2009 – Comments (2)

www.youtube.com/DavidKretzmann

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#1) On July 29, 2009 at 6:20 PM, TigerPack1 (97.39) wrote:

Nice work David!

I have not heard much about the breaking up of California into 2 or 4 new States in the Union.

My biggest long-range fear for the U.S. as it slips from glory and economic/military control of the globe, is that our current social system and government design will change radically as a result of the coming hyperinflation problem.  I believe the next 3-5 years will see real efforts by everyone to keep a lid on our economic and soical ills, but the ever larger government grip and lack of a gold standard for money will push us into a real hyperinflation spiral in 5-10 years.  The complete and total social unrest and dislocation created by yearly rates of inflation beyond the 1970s 15%-20% increases may unleash a civil war between those that have money and those that have nothing.

In an "effort" to stave off such a crises, the 50 states (or whatever the number is equal to in 10-15 years) may decide it better to split the "resources" and territory of the current United States into 5 or even 10 different independent "nations," following the same downward spiral of the Roman Empire after leaving a gold standard.  I have been espousing this view for a good decade, and it may happen in my lifetime or my daughter's.  The current economic chaos in the U.S. reinforces this belief in my gut five-fold.

But this long-term "fear" does not prevent me from owning or buying the stock market in 2009 or 2010.  The math, based on my years of trading experience, clearly points to rising stock prices, regardless of the crap you hear on the nightly business news or even the local gossip and headlines.  And I am not a big believer in current gold and silver prices either (for a long list of shorter-term reasons).  I owned lots of gold investments around $250-$300US an ounce, but with all the hysteria and fear around, the current $1,000US price is a little overbaked, if you ask me.

I will buy gold at sub-$800, if not sub-$700 prices later this year or early 2010, getting ready for the next phase in the precious metals rally, as inflation rates really pick-up.

Keep up the good work!

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#2) On August 02, 2009 at 7:17 PM, DaretothREdux (40.08) wrote:

I don't think that we will see CA breaking up...because 50 is nice round number.

The real problem is that people actually think like that statement :-/

CA will be forced to stop their ridiculous spending once they run out of money...oh wait the gov't will just bail them out. 

Dare

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