| Unalloyed
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Registered Aug 25, 2007
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Unalloyed's most recent comments:
- On 26 Dec 2008
in
The Joy Of Deflation,
Unalloyed said:
Headset said: 'Wonder if we will see some sort of government bailout for Madoff “victims.” '
With that list of who's who victims - pretty much count on it. You and I (of the taxpayer/slave subculture) will foot the bill. I'm betting they'll get the meat hooks into bailout money using creatively structured brokerage coverage, nominally through the SIPC. The SIPC's empty Mr. Paulson, fill'er up! Another round on the house! - On 18 Dec 2008
in
The Joy Of Deflation,
Unalloyed said:
The only thing about deflation that worries me is how the Federal Reserve and Treasury will react. Bernanke is commonly quoted as saying that (roughly paraphrased) an effective weapon against deflation is a formal devaluation of the currency. I don't know if that is accurate, but it is a horrifying idea. How did we get to this point? Way before our time, the perfidious, spineless politicians in Washington gave a few unelected central bankers total control over our monetary system. Our current politicians continue the crimes against the people. With a few exceptions such as Ron Paul, they should be removed from office. - On 6 Dec 2008
in
Imagine: An Economy With No Debt,
Unalloyed said:
Gold is experiencing downward pressures like most commodities. Supply is appearing again. Take a look at Kitco.com. Three weeks ago the cupboard was bare - I mean bare. Now they've got just about everything available. My local coin shop has gold and siver eagles again. People will unload more bullion as spot and futures fall. Yes, the premium you pay for physical is still high, but that will ease too. Gold was at $1002 in March 08. Gold was over $850 most of the year until the wild gyrations at the end of summer. Spot is $754 today. 25 percent down from the top. Is that a how a great investment performs? I'll be surprized if it stays above $500 for long.
My humble opinion, but not investment advice.
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