Posted on 08/07/2011 8:59:35 PM PDT by Nachum
Oh yeah! EU and UK are in big time trouble -- far worse than US. Personally, I believe the recent sell off in stocks is because of the dire situation in Europe. Besides Greece, Portugal and Ireland, Spain and Italy are in dire straights, with Italy's bonds on the verge of collapse. Add that France and Germany are showing signs of not wanting to bail out their "friends", and there is a disaster looking. US debt, on the other hand, is still paying interest rates Lower than they were a month ago, and rates on the 30 yr treasury has only ticked up 0.2% since friday.
The current state of panic has more to do with EU and UK than anything else.
This is very very bad that we are even discussing this stuff.
Gold wont mean shit if you cant keep it.
1701.
It’s going to get ugly. God, I pray I’m wrong. My prayers are now that God do with this country as He will and lead and guide me in the right direction.
I told my wife earlier that 10% of me wants to pack my freeze dried food, my gun and ammo and head for the hills.
Same thing as QE2. Cyber dollars.
With the situation in the EU, there is a risk of a credit shut down (not to mention the financial reform bill). Bernanke and banking ministers see everything as a monetary policy problem, hence they will erroneously try to solve them with a a monetary fix.
All I know is that I am out of the market.
I PRAY that my cash will be worth something so that I can buy the bargains.
In the meantime I accrue stuff to trade
Valid point given this "spread the wealth" mentality.
THIS concerns me, because when Goldman releases a “target” they inevitably sell against it. I do not think even the mighty Goldman can suck the juice out of gold this tie, though.
Only 10%?
I fear the worst. I have no faith in these jackals
Gold sits at $1699 and change at this moment...
THIS concerns me, because when Goldman releases a “target” they inevitably sell against it. I do not think even the mighty Goldman can suck the juice out of gold this time, though.
Oops!
$ 1700.35
Up over 50 bucks in only a few hours, damn, dow futures down 280+. Asian markets all down 3 or 4 percent.
I’m a mental midget when it comes to finance, but this whole thing feels very very bad.
Well, it’s up to at least 20% now. But to do so I’d have to walk away from a lot. Then again, there may not be much left by tomorrow afternoon and travel may be prohibited.
There is a niche here to make money. Keep your eye on key indicators such as Oil and Pork.
World markets collapse due to Tea Party!
By the way, I’ve got 500 rounds and I fired expert at 200 yards in the Seabees. In fact, with this little .22 rifle I have I can “bounce” a tin can.
You should be safe for a while. Oil is dropping like a rock right now and that should keep inflation in check for a few months. If there is a credit crunch, prices and inflation will acutally fall.
The UK and the rest of Europe didn’t mind us bailing them out in 2008 with hundreds of billions of us dollars when their banks were about to tank due to their bad investments.
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.