Comments on: Voodoo Economics

By: Mike E

Mike E — Thu, 30 Apr 2009 15:59:22 +0000

Sorry – for some reason the link did not get past the blog sensors so I’ll try again.

http://www.gold-eagle.com/gold_digest_08/fekete033009.html

By: Mike E

Mike E — Thu, 30 Apr 2009 15:56:33 +0000

Ah, darn. LAinvgirl, I hate to see anyone get sick over anything (except perhaps for a few seconds over the “panic of the week” as depicted by the media) so I will hunt up a bucket for you to barf in..

Never fear, the Republic has suffered far greater fools before and survived. I have to admit that the current (and immediately past) bunch have put our Republic where it has never been before which might make things too interesting when it comes time to truly fix it.

After all, as a country, we have never before tried to borrow and spend our way into prosperity. Or should I say borrow, print and spend? What are your thoughts on the marginal productivity of debt? Try this link:

If this guy’s right we are well and truly screwed.

Anyhow, get over your illness LAgirl and keep bitch’in along – my hearing is going so I couldn’t hear you talking into a bucket anyhow..

By: lainvestorgirl

lainvestorgirl — Thu, 30 Apr 2009 02:34:38 +0000

I think Jon King is right, the banks are insolvent, FDIC running out of money, Bernanke is printing dollars, the government is on the hook for trillions in bad loans, Nancy Pelosi is going to be running GM, Obama is going to be deciding which doctors we can see and when, drilling for oil is out of the question…yeah, time to go long equities, where do I sign up.

By: StigningNettle

StigningNettle — Wed, 29 Apr 2009 22:46:39 +0000

Buying gold at $450 and selling stocks at 1400 was not the opposite of what the DR has advised. Infact is exactly what they said to do- Jon King. When did you start reading the DR? At the begening of March?

By: lainvestorgirl

lainvestorgirl — Wed, 29 Apr 2009 21:13:29 +0000

Tax increases on the rich (defined in the USA as those making over 250K)…this just adds insult to injury. Not only have many of us been unable to buy a house since 2001 to, oh, I don’t know, raise our families in, not only do we have to sit here and watch those who bought more house than they could afford get bailed out at our expense, not only do we have to watch the banksters and plutocrats take our tax money by the millions…now we’re also going to be taxed at confiscatory rates because we’re considered to be on the same team as the crooked plutocracy that swindled the country to begin with…and all that money they’re taking from us will just go to the crooked plutocrats who caused the whole scam to begin with?

All this, while the likes of Hank Paulson walk away scott free, with millions of dollars, no prosecutions, no indictments?

Leaving the our country insolvent, to suffer the ravages of inflation?

I can’t read the news anymore, it just makes me want to throw up.

By: Nun

Nun — Wed, 29 Apr 2009 21:05:42 +0000

FYI, the plane back from Buenos Aires is rarely going to be full in late April. This isn’t peak season anyway.

By: Jon King

Jon King — Wed, 29 Apr 2009 21:00:52 +0000

Keep living in your doom and gloom world. Some of us got on the Obama train at 6700 and are having a party….using money we made from selling the Bush disaster market at 13800, buying gold at $450 and selling it at $850.

But keep on preaching the same nonsense….more profits for me doing the opposite of what you advise.