Disasterous Deficits!
February 27, 2009
There’s no way that Congress can go along with the Obama $1,750,000,000,000.00 proposed budget for next year. That’s insanity on top of insanity. One point seven five TRILLION? Where in the world do we think all of this ends, not to mention WHEN? Just because the budget is called “New Era of Responsibility” surely is misleading advertising. Continue Reading »
Could We Be Alone?
February 26, 2009
In the mix of the big questions about 2012, one facet that seems to get lost is the vastness of the universe and the role that we here on earth play. Have we been visited before from other planets? Do you believe in star-seeding? Are we just pawns in the universe or the sole kings? How big is the universe- the universes: would you believe parallel universes? Continue Reading »
A Sinking Ship
February 26, 2009
If a family got in trouble because they were spending too much money, and the father had lost his job, who in the world would recommend that they go on a spending spree? A Democratic congress would, has, and IS! Don’t forget that it was Bush and the Republican party that got us into the mess and started the BAILOUT MENTALITY so this isn’t a “bash a political party” comment. Continue Reading »
Government Control
February 25, 2009
The role that governments play in various societies varies greatly. However, if there is one tendency for ALL governments, it is that they tend to always move toward control. With the ability to print money and tax the masses, they also seemingly appear to have unlimited resources. Those two fallacies have brought down many governments and politicians. Last night Barack Obama promised that the Federal government would be the knight in shining armor. Continue Reading »
Conflicted On Gold Now
February 24, 2009
Gold is a partner to inflation, undertainty, and war! That gold would reach 1,000 to $1,500 an ounce has been the main premise of this web site for since 2002. But, gold has now touched the $1,000 mark on two occasions only to back off a day or two later. The first retracement in 2008 took gold down to $735 before coming back to $1,000 two days ago. Today as I write, gold is off $17 to the $977 level. Let me share my concerns at this point. Continue Reading »
Rampant Consumerism Is Dying
February 24, 2009
Right after 9-11, Bush and the administration told the American public to go out and SHOP! I know the message that he was trying to convey, “Don’t let THEM change your lifestyle”. Well, someone or something has to change our lifestyle and maybe it’s the economic crisis that we’re now in; however, Obama is singing the same song, albeit a different verse. Let’s SPEND our way out of the crisis. Continue Reading »
Dow Down To 1997 Levels
February 23, 2009
It’s a small world that knows of the Dow Theory principle that’s espoused by Richard Russell. I have followed this “old timer” (look who is tlking) for a decade now. He and Howard Schultz are two of the most astutue and out of the box financial gurus still around, Nouriel Roubini notwithstanding. But what’s this Dow Theory stuff anway? Continue Reading »
Three Scenarios For 2012
February 23, 2009
The possibilities about what 2012 might mean, if anything, are all over the board; however, there are three main possibilities within which we can lump them all. The scientific community, spiritualists, historians, and mystics have all checked in with their ideas and assessments. Let’s look at the three main options and paint with a large brush. Continue Reading »
Nouriel Roubini Says!
February 22, 2009
Who hasn’t played the game of Simon Says? But, when it comes to economic prognostications, it’s what does Nouriel Roubini have to say? Nouriel Roubini isn’t yet out of his 40’s. He is a professor of economics at the Stern School of Business, New York University and chairman of RGE Monitor, an economic consultancy firm. But most importantly are his economic prophecies over the past few years. Continue Reading »
Gold tops $1,000
February 20, 2009
You knew it was going to happen………..again! And one surely knows that in light of TRILLIONS of newly printed money, talk of bank nationalization, and a hawkish Israeli prime minister, that gold must not only touch $1,000 this time but keep climbing. From what I see so far, Obama and his economic advisors have not a clue about how to FIX the economy any more than George Bush and his advisors did. Continue Reading »
Foreclosure Fantasy Bailout & Rick Santelli
February 20, 2009
How much more money do we (can you say Obama?) think that we can GIVE AWAY (as in PRINT more) without some serious consequences? Or, have we already crossed the Rubican? Obama is proposing another $275 BILLION as in more than a quarter TRILLION to bail out our neighbors who can’t make their mortgage payments. Why? Continue Reading »
Allen Stanford : Another Bernard Madoff?
February 19, 2009
One year politicians are happy to take a businessman’s money and the next year they pretend to not even know the person. So it is with Sir Allen Stanford who just may be he next Bernard Madoff. The Democratic convention in Denver last year gives us pictures of Nancy Pelosi and Bill Clinton hugging and enjoying the friendship (and $150,000) from Stanford. That was then. This is now. Continue Reading »
Dow 5,000?
February 18, 2009
That title question would have seemed totally impossible a year ago with the Dow heading towards 15,000; however, in light of the current economy, a 5,000 Dow doesn’t seem too improbable. After all, the Dow currently sits at 7,500 so that only a drop of 2,500 points. The Dow has already shed 7,000+ points or around 50% of its value. So, what’s another 2,500 points. The answer is more than we want to know! Continue Reading »
Chavez : Elected Democratic Dictator?
February 16, 2009
He could get the constitution changed to make him an official dictator to years ago. So Hugo Chavez changed his strategy and decided to take his massive dictatorial program in pieces. The first piece would be to allow him to run for office eternally, or at least again in 2012 and so Sunday he got that corner stone in place. Now, on to the other dictatorial matters with the face of a democratic leader. Continue Reading »
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