Posted on 10/13/2011 9:07:32 PM PDT by Kartographer
Over the weekend, we observed the perplexing sell off of $56 billion in US Treasurys courtesy of weekly disclosure in the Fed's custodial account (source: H.4.1) and speculated if this may be due to an asset rotation, under duress or otherwise, out of bonds and into stocks, to prevent the collapse of the global ponzi (because when the BRICs tell the IMF to boost its bailout capacity you know it is global). We also proposed a far simpler theory: "the dreaded D-day in which foreign official and private investors finally start offloading their $2.7 trillion in Treasurys with impunity (although not with the element of surprise - China has made it abundantly clear it will sell its Treasury holdings, the only question is when), has finally arrived." In hindsight the Occam's Razor should have been applied. Little did we know 5 short days ago just how violent the reaction by China would be (both post and pre-facto) to the Senate decision to propose a law for all out trade warfare with China.
(Excerpt) Read more at zerohedge.com ...
Seems to verify some of the negative things said on CNBC and they are very positive...
Don’t like the look of things to come...
Don’t like the look of things to come...
Things are going to get gradually worse or it will hit the fan all of a sudden. IMO
So, how gradual is gradual, and how sudden is sudden?
YES... I think you are right! Don’t listen to those that say otherwise - get out and put your money into cash until things cool . Now that may be never at the rate that things are going...
At least, don’t buy into the invest into funds specified by those that say that they are helping you. They are NOT! They are looking after their own interests.
Have to say that today, investing is a rich mans game - if you really think that investing for the long term is a good thing, well - good luck!
Investing has become a rich mans game and they can control the markets with their money. You, well, you are a sideline looking in and watching what the heck is going on..
Anyone who still invests in long term stocks (or even bonds today) is simply another jerk that money can be taken from.
Good luck - you have about a 10% chance of making a 5% gain in the next ten years...
Hah. I’m ahead of the game. I dumped all mine last year. I finally came to my senses and wondered why the heck was I investing in the US Government.
yeah but what are you in?....my 401 has very limited options and I don’t think any thing is safe....
LOL, well, that about covers it, I'd say.
Things are going to get gradually worse or it will hit the fan all of a sudden.
LOL, well, that about covers it, I’d say.
I thought of that after I hit Post. You’re right.
So, how gradual is gradual, and how sudden is sudden?
My comment wasn’t the brightest. I guess gradual means a few years and sudden could be in 5 minutes. (:
Good luck - you have about a 10% chance of making a 5% gain in the next ten years...
Ewwwww. I think you’re pretty accurate on that.
I take the money I would have invested in that and am buying physical precious metals, metals which I can hold in MY hands. No GLD or SLV ETFs for me. Precious metals have no counter party risk, while stocks, bonds, ETFs, Treasuries and 401Ks do.
In contemplating today's (criminal) financial world, I believe the following: if you don't hold it, you don't own it. My outlook about the world around us is quite bearish, and I have been preparing for a financial collapse, collapse of the regimes based upon printed, phony, funny money and all other paper assets.
You might want to visit Turd Ferguson's Metals Report
Yeah, I know, what you are thinking: "why would I take any advice from a guy who calls himself Turd?" Well, take a look and decide for yourself.
Also, here is a good article for you to digest:
Triumph of gold, the anti-investment
Overall, my asset allocations that I aim for are 1/3 stocks, 1/3 bonds and 1/3 commodities and precious metals. The stocks and bonds are to be fully diversified across the world.
I kept contributing thinking about dollar cost averaging etc...for about 8 months....then, I've just stopped completely since then...
my husband had been cut back, we had a wedding to pay for, etc...things around the house, etc...
now I believe as you do...that somehow the govt is going to screw those that saved for retirement....now, I just pay down the house....we are able to help our adult children with their "crisises"...etc...
I have no faith in my govt...
If you have no extra money laying around, then paying off your house early is an excellent “investment” at this time, which is effectively like a negative bond, at whatever interest rate your mortgage interest rate is. Good luck!
Been there, done that. :)
Been there, done that. :)
Thanks, ez. :)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.