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To: Free ThinkerNY
To: Free ThinkerNY
I’ll listen to the gold bugs now.
3 posted on
11/24/2008 4:12:44 PM PST by
Poison Pill
(Hauser's Law can't be repealed.)
To: Free ThinkerNY
Guy who predicted the financial meltdown: Obamas only making it worse
Socialism has never improved helped or corrected anything.
One only needs look at the last 100 years of history to see the destruction and devastation that has always resulted when socialism comes to power as it is in the United States right now.
4 posted on
11/24/2008 4:15:11 PM PST by
SECURE AMERICA
(Coming to You From the Front Lines of Occupied America)
To: Free ThinkerNY
“If anyone needs me, Ill be out back killing myself.”
Jeez. Aw come on. I have room at The Swamp. Lots of booze. Just bring the soda water. And the Deep Woods Off.
5 posted on
11/24/2008 4:16:33 PM PST by
OpusatFR
(Neither Republican or Democrat. Monarchist with allegience to The Only One.)
To: Free ThinkerNY
This guy makes a lot of sense—at least to me. He is saying much of what I have suspected for some time.
7 posted on
11/24/2008 4:30:10 PM PST by
rbg81
(DRAIN THE SWAMP!!)
To: Free ThinkerNY
The northern states, run by liberals, will quickly go down first, and these states will try to rob successful southern states, run by republicans, to keep afloat.
12 posted on
11/24/2008 4:36:01 PM PST by
sergeantdave
(We are now in the Age of the Idiot)
To: Free ThinkerNY
Any one notice the length of the video is 9:11
14 posted on
11/24/2008 4:37:14 PM PST by
Las Vegas Ron
(When homo's can procreate - then they can get married)
To: Free ThinkerNY
People were talking about housing triggering a “collapse” years ago. Why is everyone in the MSM acting so surprised that this is happening?
17 posted on
11/24/2008 4:44:50 PM PST by
Aglooka
(Posting from New Hampshachusetts (Formerly New Hampshire))
To: Free ThinkerNY
“If anyone needs me, Ill be out back killing myself.”
I’m curious. How did that work out for you?
18 posted on
11/24/2008 4:46:11 PM PST by
DugwayDuke
(What's more important? Your principles or supporting the troops? Vote McCain!)
To: Free ThinkerNY
The Good news is that my house payment will be almost nothing. The Bad news, I will never be able to afford the insurance or property taxes.
21 posted on
11/24/2008 4:56:17 PM PST by
D Rider
To: Free ThinkerNY
Hate to burst his bubble:
WSJ has been writing editorials about Fannie Mae & Freddie Mac malfeasance for about 6 years now.
The 2007 Economist was chock full of articles about how the world banking system was facing collapse.
It was just a matter of when, and how far, the fall would come.
22 posted on
11/24/2008 4:56:24 PM PST by
P.O.E.
(Big Government is the opiate of the masses.)
To: Free ThinkerNY
Peter Schiff is of the
Austrian school.
Unfortunately, I think he (and they) are right. How do we get out of this mess? How is the government going to pay for all of this spending - both the bailout spending by Paulson and the planned make work spending by Obama? It won't come from taxes, the money's just not there. So they'll try to borrow, but not only are there fewer dollars out there to borrow, but dollar holders are increasingly less likely to want to give 'em to the US federal government, knowing that the likelihood of getting paid back is decreasing.
So that leaves printing as the only solution. Hello inflation. Goodbye dollar purchasing power.
Does anybody else see any more likely outcome? I'm dying to hear it, but I don't think it's out there.
30 posted on
11/24/2008 5:12:44 PM PST by
Swing_Thought
(pes.si.mist: [pes-uh-mist] 1. a well informed optimist.)
To: Free ThinkerNY
Hyperinflation and the DOW 4000-6000? I don’t think so. The price of equities will increase as well. Whether or not the value keeps up with inflation is another matter.
32 posted on
11/24/2008 5:19:24 PM PST by
Nachoman
(Think of life as an adventure you don't survive.)
To: Free ThinkerNY
Up until today I had only seen Obama's transition team making things worse. HOWEVER, today they announced that Christina Romer will be brought in to head the CEA. This is better than everything else that has been 'not as bad as possible' news, this is good news. If Christina Romer and her husband David are brought in to run the CEA, you can expect the best minds in economics to flock to be their council, and even more important, the worst minds (such as Krugman) being left out in the cold.
Via Greg Mankiw's blog (note that Mankiw has collaborated with Christina and her husband David Romer over the years.
Random Observations for Students of Economics
Christy Romer to the CEA
permanent link ![](http://www.blogger.com:80/img/icon18_email.gif)
To: Free ThinkerNY
Well, at least we’ll get some good songs out of this deal.
Hard times always make for good songs.
38 posted on
11/24/2008 5:57:40 PM PST by
keats5
("I hope for his sake, Joe Biden got that VP thing in writing."- Rudy)
To: Free ThinkerNY
If our current recession morphs into a for-real depression -- not predicting it will, but
if it does -- what type of depression will it be? A deflationary depression like the Great Depression of the 1930s, where prices of goods and services, and wages, drop along with stock prices? Or, will it be like Schiff predicts -- hyperinflation for goods and services, combined with falling stock prices?
Personal investment/savings strategy would need to be different, depending on the type of depression, should one occur. Gold would be an outstanding play in a Schiffian scenario, but in a deflationary depression, not so much.
Anyone here brave enough to take a net short position in equities?
To: Free ThinkerNY
45 posted on
11/24/2008 7:29:40 PM PST by
indthkr
To: Free ThinkerNY
"If anyone needs me, Ill be out back killing myself."
It's kinda scary for some. But then some are scared by watching a strong man do fast, hard labor, or seeing others wearing cheap clothing, driving old cars, smoking cigarettes,...
47 posted on
11/24/2008 8:31:31 PM PST by
familyop
(cbt. engr. (cbt), NG, '89-'96, Duncan Hunter or no-vote, http://falconparty.com/)
To: Free ThinkerNY
don't even joke about killing yourself....please.....
you know, I just wish someone will tell us WHAT a depression looks like....is it deflation or hyperinflation....there's people saying both...
what happens to the food supply?...if we have a some cash, won't we get by?....
what will be the first thing that goes?.....
49 posted on
11/24/2008 8:35:24 PM PST by
cherry
To: Free ThinkerNY
and Peter Schiff is great at the bad news, but Peter, what should we do?.....if you have no solution, stopping sermonizing....
50 posted on
11/24/2008 8:36:31 PM PST by
cherry
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