Comments on: The Mental Nature of the Credit Crisis http://dailyreckoning.com/the-mental-nature-of-the-credit-crisis/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Sun, 21 Mar 2010 07:14:27 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: jonathan http://dailyreckoning.com/the-mental-nature-of-the-credit-crisis/#comment-12124 jonathan Wed, 17 Jun 2009 21:47:54 +0000 http://dailyreckoning.com/?p=16457#comment-12124 The dollar is collapsing as is consumer confidence. The government is printing treasuries so fast that they are the only people who can afford to buy them by printing money as fast as they can. The banks are no longer safe and anyone with any money over the FDIC limits is looking for somewhere to put it that they can trust. I like a fixed annuity as I am not subject to the rise and fall of the market, anyone who has money in the markets could have lost 50% of their wealth. A fixed annuity would still be providing you with the same amount of money but increased spending/ buying power. Whoever wrote the annuity is carrying your risk. There is a risk of inflation with a fixed annuity but if you invest in a foreign currency the devaluation of the dollar will more than overcome this. Jonathan Rose Company, LLC provides a product very similar to an annuity but without the costs The dollar is collapsing as is consumer confidence. The government is printing treasuries so fast that they are the only people who can afford to buy them by printing money as fast as they can. The banks are no longer safe and anyone with any money over the FDIC limits is looking for somewhere to put it that they can trust.

I like a fixed annuity as I am not subject to the rise and fall of the market, anyone who has money in the markets could have lost 50% of their wealth. A fixed annuity would still be providing you with the same amount of money but increased spending/ buying power. Whoever wrote the annuity is carrying your risk.

There is a risk of inflation with a fixed annuity but if you invest in a foreign currency the devaluation of the dollar will more than overcome this.

Jonathan Rose Company, LLC provides a product very similar to an annuity but without the costs

]]> By: StingingNettle http://dailyreckoning.com/the-mental-nature-of-the-credit-crisis/#comment-12082 StingingNettle Wed, 17 Jun 2009 16:27:03 +0000 http://dailyreckoning.com/?p=16457#comment-12082 As part of Obama's recovery package he will be handing out copies of "The Secret" to all Americans so we can make the economy better just by using possitive thoughts! ;) As part of Obama’s recovery package he will be handing out copies of “The Secret” to all Americans so we can make the economy better just by using possitive thoughts! ;)

]]> By: David http://dailyreckoning.com/the-mental-nature-of-the-credit-crisis/#comment-12081 David Wed, 17 Jun 2009 16:25:17 +0000 http://dailyreckoning.com/?p=16457#comment-12081 There seems to be an incongruity here. How can there be inflation with excess capacity? "too many producers making too much stuff for too many people" How will less production result in more jobs, income, and savings? Mr. Bonner's prescription doesn't seem to provide with a way out of a downward spiral of the economy. Where will people get the income to increase savings, as he prescribes? Do we have a "catch 22" here? PS: I mostly agree with Bill and this is not an attack. There seems to be an incongruity here. How can there be inflation with excess capacity? “too many producers making too much stuff for too many people” How will less production result in more jobs, income, and savings? Mr. Bonner’s prescription doesn’t seem to provide with a way out of a downward spiral of the economy. Where will people get the income to increase savings, as he prescribes? Do we have a “catch 22″ here?
PS: I mostly agree with Bill and this is not an attack.

]]> By: Dennis (EU) http://dailyreckoning.com/the-mental-nature-of-the-credit-crisis/#comment-12073 Dennis (EU) Wed, 17 Jun 2009 14:10:46 +0000 http://dailyreckoning.com/?p=16457#comment-12073 Why politicians and economists can't be honest to the public, and always play and cheat us? Only Obama seems to be quite straight - admireable - almost too genuine for a US-ceo. And agree, every bad thing has sth good: back to basics will be fine for many people - good for the environment too. Growing your own food is such a wonderful feeling...of real independancy! Why politicians and economists can’t be honest to the public, and always play and cheat us? Only Obama seems to be quite straight – admireable – almost too genuine for a US-ceo.
And agree, every bad thing has sth good: back to basics will be fine for many people – good for the environment too. Growing your own food is such a wonderful feeling…of real independancy!

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