Tuesday, 16 February 2010
Jenga. All is well...............from Rico
Having played "Jenga" more than once, I feel qualified to SWAG what the outcome will be.
Not good.
It will not be the "all is well" (imagine Kevin Bacon saying this towards the conclusion of the classic "Animal House") as the Pelosi-reid congress, the Ministry of Truth and the Red Shed are saying.
Most Western governments are drowning in debt, running 'unprecedented' budget deficits, and printing fiat currency as fast as humanly possible.
It would be prudent now to remember the words of Alan Blinder, former FED Chairman:
"The last duty of a central banker is to tell the public the truth."
THAT sure worked-out well.............from Rico
Just "ask" any of the millions of dearly departed: THAT sure worked out well, didn't it?
- After YOU 'trust' your friendly, trustworthy. government agent.
Myself?
Screw that. Like Ronnie once sagely observed "trust, but verify."
- I'm off to have some 'violin' lessons right now. Not being by nature or inclination a "trusting" sort when government is involved.
News......
Marjah
Iran 'moving towards a military dictatorship'
BAE's global bribing campaign
Losing the Countryside: A Restive Peasantry Calls on Beijing For Land Rights
Sharia police: who are they?
Premier Anna Bligh gets US President's Barack Obama's name wrong
Ireland poses real threat to future of the euro, says top think-tank
Dirty, dirty PCs: The X-rated picture guide
Marine War Crimes Exposed!
US and Pakistan capture Taliban's top commander Mullah Abdul Ghani Baradar
Dubai accuses British passport holders of killing Hamas chief
Libya imposes visa ban on Europeans
Barack Obama statue removed from Jakarta park after protests
Swiss freediver breaks world record for holding breath underwater
New US sanctions will target Tehran ‘dictatorship’
Somali Minister Yusuf Muhammad Siyad survives bomb attack on convoy
and finally......
Now it's Hurricanegate
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Bouncing....or NOT bouncing.............from Rico
Dead cats bounce. Not very well, and it depends upon the height involved, but they DO bounce.
- At least in investing terminology.
Dead 401k's and dead retirement plans, well...they don't bounce all that well.
IF you trust and believe Berry Obama-Soetero, Ben Bernanke, Congress....ad nauseum, then stop reading right here. Do NOT buy any gold or silver. Go very long on Government Debt (aka Bonds).
- Timmy has SUCH a "deal" for you! Or, talk to Ahnold about Kalifohnia bonds. Maybe some nice Greek action? Iceland (real opportunity now I hear)?
Boomer 'retirement plans" aren't doing so well. Not "bouncing" at all so far.
- No job creation
- Decreasing housing values
- No 'gains' in investments
- Higher taxes coming
If you were a typical investor, followed the typical financial advice and were properly "allocated" and long stocks, bonds, and mutual funds for the past decade then you were a LOSER. Your boomer 401k's are now 104k's. Maybe. If you're lucky.
- Don't have one? Pick out a nice dempsey-dumpster before they are all spoken for.
Almost as big a LOSER as the fiddy-two percenters in the last national election.
Yeah, that whole "hopey-changey" thing is REALLY working out just swell!!!! 
The Laws of Reality
Anything is possible . . . . as long as you don't know what you're talking about . . .
. . . . . . . . . . . . . STORMBRINGER
Monday, 15 February 2010
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