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The parting shot about gold was that it (or any asset of tangible worth) does
not rely on its value be set by those that have been shown to be bad stewards of
what they have been entrusted.
Upside down says
Yes, but you are the one to determine who is a good steward, and are advocatiing something other than a representative democracy?
Smaulgld:
Wasn't commenting on the form of government, was pointing out that whenever your investment is reliant on the actions of others it is more at risk that one that is not dependent on others. That would be the case under any form of government.
The way to analyze a government's stewardship is by its track record.My point is recently the US does not have a good one because of congress and the fed. This has nothing to do with democracy but rather with the implementation of bad policy
Re money printed out of thin air-its never fine to just print money for what you
want. My point was IF that is what you are going to do, at least it might go
somewhere more useful than back to the banks.
But it's a private sector driven financial system. Are you advocating for something other than that?
You don't want the government to be the sole issuer of currency, considering the antigovernment leanings that you've just posted, do you?
We are better of with stocks of well run companies too.
Well run companies, yes, but not a total reliance upon stocks because of fees and commissions. Of those fees and commissions, do you recieve either as any income?
Companies have the same issue of relying on others for the safety of your investment. The difference is that to some extent companies are regulated and if they screw up you might have standing to get your money back. When the government screws up we are all screwed. That is why government need to be held to an even higher standard like if they don't pass a budget they don't get paid and a restriction on the Fed that they can't monetize debt .
I don't receive any commissions for stock sales! LOL but that is irrelevant to my analysis
Re reelection- many democrats who vote for Obama care got shown the door in
2010
As has most of those teabag morons, except for the ones in the South and Texas. Texas never disappoints when it comes to showing their level of stupidity.
Re money printed out of thin air-its never fine to just print money for what you
want. My point was IF that is what you are going to do, at least it might go
somewhere more useful than back to the banks.
But it's a private sector driven financial system. Are you advocating for something other than that?
You don't want the government to be the sole issuer of currency, considering the antigovernment leanings that you've just posted, do you?
My point of view is not anti government, its against the implementation of the government right now. If you are against Republicans or Democrats are you anti government? Of course not. If you are served bad pizza at a restaurant and complain, that doesn't make you against pizza!
Re currency-no point in being theoretical, if the issuer is sound it works for me. Indeed the US is and should be the issuer of US dollars. We however have abused the status of worlds reserve currency to go on debt spending spree.
Japan is even worse!
Wasn't commenting on the form of government, was pointing out that whenever your
investment is reliant on the actions of others it is more at risk that one that
is not dependent on others. That would be the case under any form of government.
I agree. While neither my wife nor I are the equivelant of John Templeton, we try to keep our financila futures in our hands as much as possible for just the reasons of risk that you stated, and also the compounding effect of fees and commissions.
The way to analyze a government's stewardship is by its track record.My point
is recently the US does not have a good one because of congress and the fed.
This has nothing to do with democracy but rather with the implementation of bad
policy
True. But, somehow I get the feeling that if there was a lot more politicians with an R behind their name to include the president, you would be fine with that.
Re reelection- many democrats who vote for Obama care got shown the door in
2010
As has most of those teabag morons, except for the ones in the South and Texas. Texas never disappoints when it comes to showing their level of stupidity.
Plenty of morons on both sides. Are you anti government because you call certain Tea Party congressmen and senators "teabag morons'?
True. But, somehow I get the feeling that if there was a lot more politicians with and R behind their name to include the president, you would be fine with that.
Hardly! I can't get enthusiastic about either party. I see the hypocrisy in both sides and very little to like in either. I am more apolitical and more interested in analyzing economics than supporting politicians or causes.
Plenty of morons on both sides. Are you anti government because you call
certain Tea Party congressmen and senators "teabag morons'?
That's true, there are many morons on both sides, and super rich ones that seem to get richer the longer that they are in office.
No, I am anti stupid, that's why those teabag idiots irk me and a large portion of our society. Temper tantrums and screaming beligerently is not an effective or rational way to govern or legislate.
I agree. While neither my wife nor I are the equivelant of John templeton, we try to keep our financila futures in our hands as much as possible for just the reasons of risk that you stated, and also the compounding effect of fees and commissions.
That is the key with investments- maintaining a level of control over your future. All investments have down sides.
No, I am anti stupid, that's why those teabag idiots irk me and a large portion of our society. Temper tantrums and scramingbeligerently is not an effective or rational way to govern or legislate.
Good to know- I hope you are not anti -pizza. It's one of my favorite meals!
That is the key with investments- maintaining a level of control over your
future. All investments have down sides.
It's how we decided to invest(real estate), and also where the majority of our income comes from. The wife has an administrative job that I can't get her to quit because she likes it so much and because of the security of the income/benefits. I guess that it's a woman thing to worry about that.
Obamacare just changed a lot of things for us in that health insurance won't be quite as big of problem with cost and access now.
That is the key with investments- maintaining a level of control over your
future. All investments have down sides.
It's how we decided to invest(real estate), and also where the majority of our income comes from. The wife has an administrative job that I can't get her to quit because she likes it so much and because of the security of the income/benefits. I guess that it's a woman thing to worry about that.
Obamacare just changed a lot of things for us in that health insurance won't be quite as big of problem with cost and access now.
Have you signed up yet? Will be interesting to see how that works out
Please keep us posted
Have you signed up yet? Will be interesting to see how that works
out
Please keep us posted
Not yet, was waiting for the mad rush to calm down and move on. But will do on the update of availability and cost. We have insurance through her employer now because when we started the business and I went to work for it/us, I had to go on hers with the family plan. While it's a decent policy (BC-BS)that's what has kept her locked in that job, otherwise she would be doing some consulting/contracting on her own. It's helped our son because he can stay on our policy now while he finishes college and works for us.
As was Krugman's Alien Invasion?
The guy is a comic sarcastic genius!
time to sober up and take real dose of reality from Art Lafer...
lower taxes, broaden base, eliminate deduction.
and more importantly ... create production in this country not short term projects.
time to sober up and take real dose of reality from Art Lafer...
lower
taxes, broaden base, eliminate deduction.
In an argument between dumb(peter Schiff) and dumber(Art Laffer) dumb won, which isn't saying much. It's no wonder that you would reference him in a post.
Art Laffer's name says it all: a joke.
Have you signed up yet? Will be interesting to see how that works
out
Please keep us postedNot yet, was waiting for the mad rush to calm down and move on. But will do on the update of availability and cost. We have insurance through her employer now because when we started the business and I went to work for it/us, I had to go on hers with the family plan. While it's a decent policy (BC-BS)that's what has kept her locked in that job, otherwise she would be doing some consulting/contracting on her own. It's helped our son because he can stay on our policy now while he finishes college and works for us.
Will be interested in a comparison on price and ease of application
As was Krugman's Alien Invasion?
The guy is a comic sarcastic genius!
time to sober up and take real dose of reality from Art Lafer...
lower taxes, broaden base, eliminate deduction.
and more importantly ... create production in this country not short term projects.
Short term spending works better to stimulate and economy,long term production is what is required
Avoiding economic rebalancing and short term pain via stimulus and QE makes recessions last longer and creates more pain in the aggregate
Update: Jack Lew warns again of default
http://www.washingtonpost.com/blogs/post-politics/wp/2013/10/06/jack-lew-congress-playing-with-fire-on-debt-ceiling/
Says "Congress is playing with fire" "no one wins in a default"
Boener wants a "serious" conversation
http://www.foxnews.com/politics/2013/10/06/lew-sticks-with-catastrophic-warnings-about-debt-ceiling-but-short-on-specifics/
Boener wants a "serious" conversation
LOL, because up till now, everything has been a game? And J Boehner is the speaker of the house, and f he's their best, what's that say for the rest of them?
Boener wants a "serious" conversation
LOL, because up till now, everything has been a game? And J Boehner is the speaker of the house, and f he's their best, what's that say for the rest of them?
I knew you'd like that! Ridiculous huh?
If Boehner doesn't have the moral courage to stand up and denounce Cruz then the nation may very well be walked right back into another market meltdown. Cruz is willing to trade the economy for ACA. It's that simple. He says ACA is harming millions of citizens and his response is a threat to harm them much more than that. A majority of Americans disagree but he simply just doesn't care: it's all about his vision now and the risks he's willing to force upon the Republican party. You're looking at the mild face of insanity.
Yes, its interesting how divided the country has become over legislation that at any given point has more than 50% for or more than 50% against.
"mild face?"
Does he look normal to you?
Not sure who is the creepiest looking/acting between/among the leadership of either party
More warnings :http://mobile.bloomberg.com/news/2013-10-07/a-u-s-default-seen-as-catastrophe-dwarfing-lehman-s-fall.html
People in the 20th Century were stupid because they actually let things collapse. Now we're much smarter and just pass laws and policies to prevent it.
No way can the dollar collapse, and no way can housing.
You need to stop living in the past and throw out those textbooks.
People in the 20th Century were stupid because they actually let things collapse. Now we're much smarter and just pass laws and policies to prevent it.
No way can the dollar collapse, and no way can housing.
You need to stop living in the past and throw out those textbooks.
Tell me if you think this is a good deal have congress pass legislation repealing the law of supply and demand
They kind of already have. When a house goes up for sale, you now have billions of people in China welcome to bid on it. Twenty years ago that didn't really happen all that much.
Supply: Same. Demand: Billions
Same dynamic for gold and silver - china and india have dramatically increased their consumption far in excess of the production in the past 10 years
http://smaulgld.com/is-a-gold-and-silver-supply-and-demand-price-adjustment-coming/
Yep, there may be stupid-money in China, but it's going to take a LOOOONNNGGGG time for it to get through the system.
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