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Itulips repeats the Ideas of this Fool

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September 14, 2009 – Comments (4) | RELATED TICKERS: GM , GS , JPM

MY COMMENT: Got trust? Fools getting giddy over this rally, think the crisis is over. The banking crisis might be over due to monetary expansion (aka Print Money and give it to the BIG banks until they are solvent).  However, the REAL economic crisis is just getting started.  How much longer do you think the US government can borrow $3 billion a day? How much longer do you think most states and local governments can go on with out major restructuring? Do you think that the restructuring will include massive hiring or lay offs and pension defaults or cut backs? 

In Summary Crisis Flow Chart:

Financial > Economic > Social > Geopolitical 

Read and heed:

http://www.financialarmageddon.com/2009/09/still-in-the-economic-crisis.html

You see the Keyensian model of constant inflation and Congress's constant Spend, spend on "bridges to no where" does not work with significant Asian production and massive savings that is deflationary.Something has to change and the druid cabal at the FED cannot change the circumstance despite all the helicopter drops by Ben. Do you believe the druids when they say "savings glut" in Asia?

So what do you invest in? Like I said before the stock market and real estate collapse. I am moving into "real assets". 

itulips repeats what my groupies know:

Advice to readers: take advantage of the early 2009 Great American Fire Sale and go out and buy all the generators, chain saws, washing machines, fine linens, cars, and other durable goods you’re going to need for the next few years because by the end of 2009 most of the inventory may be sold through, many retailers will be shut down, and replenishment of stocks of the survivors will likely be meager; our models say that the goods import supply will decline more precipitously than the supply of money available to pay for them. That spells severe stagflation.

Read and heed the rest here:

http://www.itulip.com/forums/showthread.php?p=116417#post116417

4 Comments – Post Your Own

#1) On September 14, 2009 at 5:41 AM, abitare (34.09) wrote:

Again, for Fools, who may not grasp the current circumstance and want some optimism, Enrique can help.

Even as mega-banks topple, Juan Enriquez says the big reboot is yet to come. But don't look for it on your ballot -- or in the stock exchange. It'll come from science labs, and it promises keener bodies and minds. Our kids are going to be ... different.  Here:

http://www.ted.com/talks/juan_enriquez_shares_mindboggling_new_science.html

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#2) On September 14, 2009 at 9:17 AM, dickseacup (66.96) wrote:

Is there any country/location on the planet that will be better off than the US? My wife and I have decided to seriously investigate selling everything (we have near zero debt) and leaving the country.

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#3) On September 14, 2009 at 3:36 PM, 4everlost (29.38) wrote:

abitare

Great stuff from iTulip but the video - wow - I'm reaching the outer edge of my hallucinogenic boundaries!

Rec #7... 

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#4) On September 14, 2009 at 4:20 PM, angusthermopylae (38.69) wrote:

Is there any country/location on the planet that will be better off than the US? My wife and I have decided to seriously investigate selling everything (we have near zero debt) and leaving the country.

Depends on what you mean by "better."  For example, if I were to believe that the US is headed for a bloodbath of any type, I'd pick an old, reliable, distant land like Norway, Finland, or Sweden...and pack a lot of warm clothes.

If you mean by "better" as in "stable", then I'd go for an out-of-the-way little village far from anyone and anything.  Small coastal villages in Mexico, something quiet in South America...maybe a research station in the Antarctic?  Life may be slow and boring, but it'll be "stable."

I hear Canada is nice...never been there, though.

You might look at different parts of the US, though.  No hassle over citizenship papers, and if you go far enough, it'll seem like another country altogether  (New Yorkers moving in with Cajuns, Floridians heading to North/South Dakota...any sane person moving to Washington, DC?)

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