Comments on: Spend, Borrow, Tax, Inflate

By: rodney

rodney — Thu, 13 Oct 2011 14:03:11 +0000

and another thing. as long as people accept dollars there will be a demand for treasuries. the money to buy them comes from spending, chicken and egg and all that. all government debt does is drain reserves from the system to maintain the target interest rates. trust me they will never spike. ask bill gross.

By: LH

LH — Wed, 01 Apr 2009 01:18:00 +0000

“So, what’s the average investor with a small 401K to do when there is no gold or mining option in the employer’s list of investment options?”

I agree. I saw the writing on the wall in July 2008 and moved everything in my 401k into the closest thing to cash that the plan offered, so my retirement savings is still mostly intact but I have no idea where to put it, within the limited options allowed by my employer’s plan, once inflation starts to heat up. I’m beginning to think it would be a blessing to get laid off, so I would be able to rollover my 401k to an IRA account of my own with better options.

By: Jon Kap

Jon Kap — Tue, 31 Mar 2009 23:16:24 +0000

Stop with the gold nonsense. Every housewife is throwing gold parties and every other commercial is about gold. Gold is a common metal and nothing of value.

Obama talks realistically his first 3 weeks, you hammer him. He talks positively now, you hammer him.

By: tony bonn

tony bonn — Tue, 31 Mar 2009 20:44:04 +0000

well said…..the moment of dread which i had been fearing for the past 35 years arrived when i saw america elect a community service activist for president….the man in the white house and the boobs in the federal reserve, treasury, and congress are incompetent and crooked beyond belief….

jim willie – yet another financial consultant who seems to be well connected – reports that foreign governments are sooo pissed off at the arrogance and imbecility emanating from washington that they are planning major actions this summer to put america in its place….this is the prerogative of the creditor…..

our lives will change for ever and be much poorer for the socialistic megalomaniac policies we have pursued for the past 100 years…..we were able to defer the day of reckoning for so long because our capital base was so large and we could live like a wanton widow for decades….but the trust fund is empty and the mansion must now be sold for an assisted living condo.

the fruits of radical irresponsible juvenile education have come home to roost. it all reminds me of the captivity of the jews by the babylonians.

By: Smith

Smith — Tue, 31 Mar 2009 20:00:23 +0000

“That’s why you need to buy gold with 5-10% of your portfolio.”

So, what’s the average investor with a small 401K to do when there is no gold or mining option in the employer’s list of investment options? Can this money be protected somehow?

By: Bureaucrat

Bureaucrat — Tue, 31 Mar 2009 19:59:00 +0000

Um, Kunstler only supported Obama after his preffered candidate, John Edwards, self-destructed during the primaries. I read Kunstler every week. Let’s not give him too much credit.