April 03, 2008
– Comments (9) |
RELATED TICKERS: SKF
Tribute to Peter Schiff
The Schiff has hit the Fan
What's Northern Rock? Is that a company you're plugging?
Oh, and SRS and SKF could go down, given enough inflation and bailouts. See my blog post on the matter.
Northern Rock is the British Bank in the UK that there was a "Bank run" on. The British Central Bank had to Nationialize the bank.
I read your blog and gave you a REC, and we are aligned some what.
I posted on 26 Mar 08 about the inflation:
Bagger, decent point on the ultrashorts dropping. I don't buy it, but we could end up like Zimbabwe.
We became a social country back in 1913. The illusion that we have a free country just that an illusion. I call this the United States of England until things change. I just realized this about 6 months ago. Now Paulson from GS wants to give more power to our central bank called the Federal Reserve to in his words to make us more like England. You know the very bank that was suppose to stop the bubbles that happened before 1913. As you see they are doing a bang up job. We are in the 1st quarter of a 4 quarter inning. It will go into overtime because congress still allows all the bad loans to keep happening. You know the ones where they don't have to show proof of income. ARM'S and all that other garbage that got us here in the first place. Look for daylight in about 2012 unless something changes such as the law of lending. The comptroller of the Gov. Quit his job because he wants to help us from being bankrupt in 2057. That was before bcs and now the homebuilders. Now how much closer are we 2020? 2010? NOW? After 8 mos of this the Fed thinks we might be headed into a recession but we are not there yet. HA!!!! Yea right and pigs fly. Also; who receives the intress that we the tax payer are paying? How much more debt does that add? This last drop is like the birth pains that are about to happen in the next 3 mos. That was the little crash and the big one is coming. But what does it matter because the money is just made out of thin air and they can just print more and we can owe more and spend more and we are the laughing stock to the rest of the world. Yet........ If we vote them all out then maybe they will get the message that WE THE PEOPLE are their BOSS and not the top 10% of the Fortune 500 but the 90% of small business owners and you and me. But all in all this housing is used to pay for the Afghan and Iraq War and to Keep our Empire ( Not the Republic we started as ) going . The next step is to complete the Super Highway from Canada to Mexico and further complete the transformation of the Canada America and Mexico union to CanAmerico deal. (NAFTA CAFTA AND WHAT NOT.)You know just like European Union did and now they have the Euro. Oh don't you just love this New World Order? One world bank one currency one leader for the World.? Then how will we trade our Fixed yet so called free stock market? What new tricks does congress and the Government have up their sleeves? I am going to stay tuned and I won't do as Bush said and go shopping. I'm going to save my money for the soon to be rainy day.Well, it is rainy now so how about I save it for the flood that is just around the corner? Oh right it is made of air so I guess I will save more gold. I can't remember the last time our leaders stood up for the citizens of the U.S. can you? Maybe it was JFK but then he was killed. Any Ideas out there?
Hey, great post, I outlined the economy at the maximum growth rate and inflation at lowest rate and debt at low increases as well as the m3 rate in The Official Dollar Report, and it does not look pretty. And thats a happy chart. I really am worried, and have been playing the commodities card for a bout 3 years now, soon I will jump out of the market and go all gold and silver on hand when the market finally gives in to reality.
Commodities are the last Greenspan bubble remaining if the war continues, they will continue to climb. No war, I think commodities will be taken out like real estate.
6 Mos ago I listened to Warren Buffett and he said we had about 5 more years of this so I guess that means 4.5 more years now. I think it is time for me to write the Fed again and let them know just what I think. Then I think I will write to the senate Finance comity and tell them how to fix this. If they listen to just one thing I say then maybe it will be a start. Can't hurt to try. All they can say is no.
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