Posted on 11/12/2009 8:12:04 AM PST by PreciousLiberty
For two and a half years The Market Ticker has pointed out the foibles of The Fed and other claims of "help" for the economy - when the prescription for "help" is just an extension of the same failed policies that created the mess in the first place.
But now we are starting to see this show up in the so-called "mainstream media", with the latest being The Wall Street Journal:
It takes similar reasoning to reconcile the elation felt across America every time the stock market rises—partially replenishing personal investment portfolios and 401(k) retirement plans—with the uneasy feeling that we are being set up for yet another big financial disappointment. We dare to hope that the economy is growing solidly once more, that the Federal Reserve has superior knowledge about providing liquidity, and that the U.S. Treasury knows what it's doing by guaranteeing money market-fund assets.
But what if the Fed's efforts to stoke a recovery are merely creating asset bubbles in equities and elsewhere? What if government guarantees—explicit and implicit—are encouraging high-risk investment behavior rather than restoring conditions for normal market returns? What if excess dollars produced here are being channeled by speculators into foreign stock and bond markets as part of a currency play?
(Excerpt) Read more at market-ticker.org ...
“We have better.”
I’d never suggest armed insurrection in a public forum.
I’m sure the DHS is putting WAY more effort into finding “right wing extremists” at this point than fighting Islamic terror operations.
Me, I’m just keeping my powder dry.
I agree. I am not an aficionado nor a dealer but I have bought and sold probably 100 firearms over the last 30 years. I have always made some profit on each weapon no matter what the quality. Where I live you can pick up a surplus Chinese SKS for as little as $70. The ammo is cheap and you can easily kill a deer with one. I think accurate 22-caliber rifles would also be useful in a post-meltdown world for hunting small game.
The fact that Wall Street super computers buy and sell millions of shares every one-tenth of a second means that individual investors are powerless.
“Where I live you can pick up a surplus Chinese SKS for as little as $70. The ammo is cheap and you can easily kill a deer with one.”
I’m a fan of the 6.5 Grendel AR round, which is plenty sufficient to kill anything in the lower 48 (grizzlies would likely require several shots, but with 10 to 26 round mags available that’s no problem;). Not cheap, but it’s also an excellent long range round, better ballistically than a .308 Win. Most of the rifles that shoot it are quite accurate. It was also featured on Future Weapons shooting through a car side-to-side (both front doors) and into a dummy’s head.
One neat thing about the AR platform is the upper part is modular, so you can have several different calibers without paying for complete rifles.
“I think accurate 22-caliber rifles would also be useful in a post-meltdown world for hunting small game.”
Yep, also don’t forget the classic 12-gauge. It’ll put meat on the table better than just about anything, and is also useful for defense purposes. I like the Rem 870 for that, it’s simple, time-tested and the barrels interchange easily. You can pick up 18 inch police buckshot barrels readily as well.
Yep, this makes sense, even to someone as myself who really doesn’t follow the markets.
The little guy is a tremendous disadvantage in this climate. You are just a cog in the wheel of global speculating, equity bubbles and Fed games. I missed much of this rally, but I slept at night. No way I’m jumping in at this level.
Underlying economic data simply do not support equities at even close to this level.
Even gold and commodities are too high for my blood. Something has got to give.
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I wouldn’t say that I was “suggesting” anything,
just that the reason the peasants showed up with their pitchforks was that they didn’t have (weren’t allowed to have) better weapons.
And what would a pitchfork and torch party be BUT an armed insurrection?
I didn't mean to suggest you had. I'm just very leery of advocating any action with modern weapons in the current climate.
"And what would a pitchfork and torch party be BUT an armed insurrection?"
A very strong hint that things need to change or an armed insurrection might happen. ;-)
It's not an insurrection until the fighting starts.
Small criticism: Feeling is what animals do. If they see a predator, they get scared and run. If they see food, they salivate and eat it. Thinking is what humans do. It is what separates us from animals. We should think about things, then do them, rather than acting on feelings.
[I’m a fan of the 6.5 Grendel AR round. . .]
I was not familiar with this development. One problem with the military-issue 5.56 is that the round has a tendency to boat-tail in flight. This was first noted in Vietnam but was generally considered a plus because the instability was said to result in a nastier wound. I can remember people cutting small nicks in the jackets of M-16 rounds trying to exaggerate this effect. When I arrived in RVN the Marine Corps was in the process of exchanging the M-14 for the M-16. The accuracy of the M-16—out to 300 meters—surprised everybody because it had not been one of Colt's big selling points.
These Grendel's seem to extend that accuracy out much further.
So Gaffer what's your 4.5% fund? Enquiring minds and all that ... ;-)
This is what happens when people make politicians their gods. When things get rough, the politicians can head for their jets and leave town. That leaves us with each other.
(Who would YOU want as a neighbor? A "gimme" liberal, or a self accountable Conservative?)
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