Posted on 09/01/2010 6:45:22 AM PDT by blam
Quantitative Easing (QE I)
I am SO sick of reading that term.
They won’t call it what the lay people will understand.
It is to their advantage to remain clothed in jargon.
So this writer was sure of global economic collapse in 2007, then positive in 2009, now by first quarter 2010 or second quarter 2010 at the latest his predictions will come true...or maybe by 2011. Perhaps he needs to be in the televangelism game predicting the end times.
Fiat money works only as long as the economies backing them are solid. Politicians have robbed global economies with welfare state socialism and massive taxation and have all but killed free markets. We are descending into economic chaos and maybe the only stability can come from again backing money with precious metals.
bump for later read
Even a broken clock is right twice a day..
‘Start diversifying your assets away from dollar assets. Have foreign currencies in sufficient quantities in those jurisdictions where the above anticipated impositions are least likely to be implemented.’
Help me out here...this advice seems illogical. If global banks collapse whose currency is going to be worth squat? Its such an intertwined mess that no one will escape. If, as the author predicts, everything goes to the wind it seems to me hard assets would be the thing to have. You still need to eat and investments far away aren’t going to be much help.
If you cry, “The world will end tomorrow!” every day, eventually you will be right..............
Hmmmm....Should I purchase a few diamonds?
Blam I’m not saying there aren’t problems, but we have heard the sky is falling tomorrow for 2 years now -
‘4) Worst-case scenario – the confiscation of gold AS HAPPENED IN WORLD WAR II.’
Good luck w/ that! I think we’re in a totally different era and the govt couldn’t muster enough manpower to take anyones property. They can huff & puff all they want but the fact remains that unless the people roll over its just not going to happen.
It's a hell of a long day then, because up to now he hasn't even been right once...
I think, what the writer is saying is that the Fed keeps playing shell games to hold off the inevitable to happen.
And the federal government, the Federal Reserve, and the FASB (financial accounting standards board) and others have propped up something than can not be sustained. We've They've delayed the inevitable and racked up at least 4 trillion in more debt.
No, they won’t be going door to door confiscating whatever gold trinkets you have in your home. But if you have any gold securities in your investment portfolio, kiss it good-bye. They’ll “purchase” your gold securities for a price set by them.
To borrow a phrase:
FIAT
Finance
It
Again,
Tony
:)
Right, ‘paper gold’ would be the easy target but most folks hold real gold, silver & platinum and will do whats necessary to feed their family & carry on daily life. If the govt is stupid enough to try to stop those sorts of transactions then they’re going to need a steady source of manpower. I just cant see it happening in todays society.
BofA Lowers Its GDP Forecast, As Goldman Stops Short Of Calling FOMC Bunch Of Liars, Sees QE2 In As Little As Three Weeks
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