US losing confidence vote as investors flee

The Telegraph ^ | 3/17/2008 | Ambrose Evans-Pritchard

[Lazamataz]

Now, chance of depression is 100%.

I put it more at about 200%.

[Lazamataz]

You got that right! My neighbors are in Maine, we help each other out already and we have guns and the woods. We’ll convert the old paper mills and use coal to create biodeisel and help out other uppity states.

We now know where you are, and we have tanks.

Good luck with that.

[Nervous Tick]

It sucks being right all the time.

Quit whining -- learn to deal with it like the rest of us know-it-alls.

[pepsi_junkie]

Unfortunately, what folks went through in the 30s was a grand repurposing of the federal government towards socialism, entitlements, nanny-statism, and an outright confiscation of Constitutional money, namely gold.

And that slouch towards socialism prolonged the depression into a ten year disaster that only a world war could shake us loose from. And guess what? Into all this congress is poised to raise our taxes! That's sure to help things!

[WilliamofCarmichael]

What's wrong with discussing business cycles?

Those of us who experienced them never even thought about connecting such things as "life and death" -- the idea that it meant a choice between life and death never even occurred to us. What a silly notion.

It was just a cycle. We talked about it.

We knew it was just a cycle. Times for some of us would be tough for awhile and then back to work.

Our parents handled the Depression and W.W.II the very least we could do is handle a little stagflation (for example).

[Toddsterpatriot]

IOW you are saying Americans are owning US debt via Cayman Island accounts.

Some hedge funds are incorporated in the Caymans.

[dennisw]

Soros big fund (Quantum?) has been incorporated since forever in Cayman or Bahamas

[Toddsterpatriot]

Lots of the newer ones too.

[dennisw]

Wow.... Your tagline says you turned into a goldbug

[Toddsterpatriot]

No it doesn’t. This tagline would mean I was a goldbug.

[dennisw]

Now you are goldbug. If you can’t beat ‘em join ‘em

[Toddsterpatriot]

I'm bullish on gold, that must mean we hit the top. Sell!!!

[M. Espinola]

Great graphic!

[Toddsterpatriot]

Gold is currently down $44 to $960. I hope you sold when you saw my tagline.

[BureaucratusMaximus]

Hillary will, of course, blame Bush, Obammy will blame bush, and the timing couldn’t be better. The blame is on Bush but every member of Congress for the past 60 years as well. The bubble is bursting. The overspending of Government is solely to blame.

Along those lines...could someone refresh my memory re: why the Clinton surplus wasn't really a surplus?

Because I know I'm going to start hearing, "Well...when Clinton was prez he had a surplus...look at what Bush did!"

[Toddsterpatriot]

Along those lines...could someone refresh my memory re: why the Clinton surplus wasn't really a surplus?

Because it included the Social Security surplus. Without Social Security money, his budgets were all in deficit.

[dollarbull]

Expect pullbacks in the $ price of gold to be the 20-30% range frequently. The volatility (of the value of the fiat) will be huge just like in the 1970s.

[groanup]

Gloabl de-leverageing and the hedge funds unwinding commodites trades they have ridden for years.

[groanup]

Gold is currently down $44 to $960. I hope you sold when you saw my tagline.

You mean gold could become a semi precious metal?

[Toddsterpatriot]

You mean gold could become a semi precious metal?

Never! It's the only real money. It's the answer to all our problems.

An ounce of gold has always been enough to buy a new suit and a nice pair of shoes.