tag:blogger.com,1999:blog-4921988708619968880.post2124057633122086157..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: Debt Rattle, November 8 2008: 100 DaysIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger38125tag:blogger.com,1999:blog-4921988708619968880.post-77942425181450161162008-11-09T14:44:00.000-05:002008-11-09T14:44:00.000-05:00Still, after what I see as a 2-3 year period, peop...<I>Still, after what I see as a 2-3 year period, people will start to understand that what they have left is best invested in gold. That's when its price will rise. So getting into gold now means that you will have to be able and willing to ride out that period.</I><BR/><BR/>Yes, point is that when the masses figure it out all the gold will not be available.<BR/>The main intent is not profit. TheVLADhttps://www.blogger.com/profile/07303463697333210934noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-76645981860471406132008-11-09T10:28:00.000-05:002008-11-09T10:28:00.000-05:00"then maybe gold may be a reasonable storage of we...<I>"then maybe gold may be a reasonable storage of wealth."</I><BR/><BR/>Exactly. But that's a mighty small group there.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-86111332412831840882008-11-09T10:27:00.000-05:002008-11-09T10:27:00.000-05:00el pollo - thank you for the Commodity Watch link....el pollo - thank you for the Commodity Watch link. Very interesting.bluebirdhttps://www.blogger.com/profile/09600634086150466162noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-49752870550398510652008-11-09T09:50:00.000-05:002008-11-09T09:50:00.000-05:00Ilargi"When home prices are down 80% or more, who ...Ilargi<BR/><BR/>"When home prices are down 80% or more, who can afford to buy gold?"<BR/><BR/>Not to be my typical wise-ass, but people who are not in debt and do not own a home?<BR/><BR/>You and Stoneleigh seem to have indicated on many occasions that there is a high probabiity that after the great deleveraging is complete, we will go into a period of hyperinflation in many of the presently el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-66290265810228307022008-11-09T08:57:00.000-05:002008-11-09T08:57:00.000-05:00.."the purchasing power of gold actually increases...<I>.."the purchasing power of gold actually increases during deflation and decreases during inflation. same as money since gold is money."</I><BR/><BR/>This is as true as it is not, and therefore can be quite misleading. Since what we use as money these days is fiat paper, gold is truly different from banknotes, even though at times it seems the same, i.e. one can exchange it for other Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-77634805713848264852008-11-09T05:43:00.000-05:002008-11-09T05:43:00.000-05:00Worthwhile hour listen to:Hugh Hendry of Eclectica...Worthwhile hour listen to:<BR/><BR/>Hugh Hendry of Eclectica and Dr Francis Claessens of Peers<BR/><BR/>on Commodity Watch Radio with Dominic Frisby. Also, if you missed it, be sure to hear the previous show with Mish. Mish just nails it.<BR/><BR/>http://commoditywatch.podbean.com/<BR/><BR/>Gold is money or a commodity in the same mysterious way that light is a particle and a wave. It all el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-12817777049993402512008-11-09T05:24:00.000-05:002008-11-09T05:24:00.000-05:00The auto industry story is personal as I live in S...The auto industry story is personal as I live in South Western Ontario. About GM I read that they have been " burning" through cash at an accelerated rate. Another headline refers to " vanishing cash". Hello-o-o vanishing cash? <BR/>So where is this on fire,vanishing cash going? Clearly not into job creation or pension sustainability.<BR/>How can it vanish?scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-9253487845015927182008-11-09T01:13:00.000-05:002008-11-09T01:13:00.000-05:00With what has happened to most folks 401ks,its not...With what has happened to most folks 401ks,its not like they will get much[least not much from me...never did trust the concept of"stocks"for long term security.<BR/><BR/> may be the best investment is 25$for a fruit tree of your choice..a little care and you have a fine passive food[sugar] production system...<BR/><BR/><BR/><BR/>snuffyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-90682192748341254822008-11-09T01:02:00.000-05:002008-11-09T01:02:00.000-05:00el Polllo,just read this earlier today: "cyni...el Polllo,<BR/><BR/>just read this earlier today: "cynic is a word created by optimists to criticize realists"...<BR/><BR/> Gregory Benford<BR/><BR/>And, to Hanged Man, alas, you're right re F1 Montreal-time to engage in a little magical thinking, and "plan" a trip to Europe-after we enter 'economic recovery' next year! And, go to Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-56953045082085674462008-11-09T00:43:00.000-05:002008-11-09T00:43:00.000-05:00Yes, Greg mentioned Iceland which already happened...Yes, Greg mentioned Iceland which already happened. Now watch Ireland.<BR/><BR/>Re gold in deflation and inflation. Yes, maybe.<BR/>But currency devaluation will come with inflation, and gold has historically been a good hedge for that.<BR/><BR/>Re the US not going along with the IMF? No choice with only 16% of the votes, other then default.<BR/>Oil and ? will then have to be paid for in foreign VLADhttps://www.blogger.com/profile/07303463697333210934noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-79523075447211620202008-11-08T22:07:00.000-05:002008-11-08T22:07:00.000-05:00cash and bond both have counter party risks. gov't...cash and bond both have counter party risks. gov't defaults.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-48885163154518269372008-11-08T21:31:00.001-05:002008-11-08T21:31:00.001-05:00El pollo,I don't know your sister but most people ...El pollo,<BR/><BR/>I don't know your sister but most people I know don't know what cynic actually means, i.e. they think it is synonymous with pessimist or complainer or whatever. Since she is your sister she may well be better schooled. Even so her accusation has merit. Some days I don't want to get out of bed and put one foot in front of the other.<BR/><BR/>Greg,<BR/><BR/>I think 'c for r' Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-47403588730965780642008-11-08T21:31:00.000-05:002008-11-08T21:31:00.000-05:00I have just done a search for "G20" to find out wh...I have just done a search for "G20" to find out what is happening.<BR/>I don't think that the US will want to go along with the proposed roles for the IMF etc. on the 15 Nov. since it would mean a dilution of their power and the accendence of others.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-67439937069693316482008-11-08T21:23:00.000-05:002008-11-08T21:23:00.000-05:00Fred Sheehan's Gold and the 'Flations as part of M...Fred Sheehan's <I>Gold and the 'Flations </I>as part of Marc Faber's <A HREF="http://www.gloomboomdoom.com/gbdreport/download/GBD0504.pdf" REL="nofollow">GBD0504</A><BR/><BR/>the purchasing power of gold actually increases during deflation and decreases during inflation. same as money since gold is money.<BR/><BR/>zAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-17909034619300071282008-11-08T20:24:00.000-05:002008-11-08T20:24:00.000-05:00El Pollo, Outta,Most of my 401k is in gold. Stone...El Pollo, Outta,<BR/>Most of my 401k is in gold. Stoneleigh has convinced me that gold will fall hard during this deflation and that short term T-Bills are safe for now.<BR/>I do not know a "safe" brokerage.. That is why I was thinking of treasury direct even though there is a penalty. (It would be nice if they<BR/>do wave it.) What do you think?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-11546919105582373322008-11-08T20:15:00.000-05:002008-11-08T20:15:00.000-05:00jal said...Building 401(k) WealthOne Percent at a ...jal said...<BR/><I><BR/>Building 401(k) Wealth<BR/>One Percent at a Time<BR/>Fees Chip Away at People’s Retirement Nest Eggs </I><BR/><BR/>That's why Vanguard is good, lowest expense ratios in the biz. I wonder about their treasury mutual funds if everything does under.<BR/><BR/><A HREF="https://personal.vanguard.com/us/content/Home/WhyVanguard/AboutVanguardWhyInvestContent.jsp" REL="nofollow"><Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-10685986431477615582008-11-08T20:00:00.000-05:002008-11-08T20:00:00.000-05:00Dan W."am i an idiot? :)"The last time I asked tha...Dan W.<BR/><BR/>"am i an idiot? :)"<BR/><BR/>The last time I asked that question, it was of my ex-wife.<BR/><BR/>You need 40 votes in the Senate to sustain a filibuster. Otherwise, you get a closure vote. I think Obama is going to get his way for his first six months. The question is - what is his way? All my friends are ecstatic. I am considered a stick in the mud or worse. I sent my only el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-90888314117077757892008-11-08T19:43:00.000-05:002008-11-08T19:43:00.000-05:00what about filibuster?we pretty much all agree tha...what about filibuster?<BR/><BR/>we pretty much all agree that, in the usa, our congresspeople are know-nothing puppets. however, i think there are a few souls who could hear the truth.<BR/><BR/>take bernie sanders for instance. he voted NAY twice on the bailout...i don't think he understands monetary policy per se, but he has a history of listening to and trying to learn from his constituency.<BRAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-59414775874176909342008-11-08T19:42:00.000-05:002008-11-08T19:42:00.000-05:00Anonymous said... November 8, 2008 6:13 PMDems Tar...Anonymous said... November 8, 2008 6:13 PM<BR/>Dems Target Private Retirement Accounts <BR/>Democratic leaders in the U.S. House discuss confiscating 401(k)s, IRAs<BR/>======= <BR/>That is not the story! It is not new. <BR/>See ...<BR/>http://edlabor.house.gov/issues/401kfees.shtml <BR/><BR/>and <BR/><BR/>http://www.americanprogress.org/issues/2007/03/pdf/401k_report.pdf <BR/>Building 401(k) Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-20095893280063647012008-11-08T19:29:00.000-05:002008-11-08T19:29:00.000-05:00hannaI have done a lot of research on the health o...hanna<BR/><BR/>I have done a lot of research on the health of defined benefit pension plans recently (being a member of one) and may be able to help you make some decisions regarding that and your mutual funds. My wife and I are also renting and consider ourselves lucky to have sold our house at the top of the (Ottawa) market in March. <BR/><BR/>You can contact me at outtacontrol@ymail.com<BR/>Farmerodhttps://www.blogger.com/profile/03492165772535123915noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-89293272453526212212008-11-08T19:20:00.000-05:002008-11-08T19:20:00.000-05:00Shibbly, el polloIn light of Argentina and now dis...Shibbly, el pollo<BR/><BR/>In light of Argentina and now discussions in the US of confiscating retirement plans, great vigilance will be required. <BR/><BR/>Maybe one of you can answer this: in Canada, RRSP withdrawals are subject to a 30% withholding tax. But, if I understand it correctly, you get possibly all of that money back at income tax time, no? I did such a calculation recently in my Farmerodhttps://www.blogger.com/profile/03492165772535123915noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-925474520275791692008-11-08T19:08:00.000-05:002008-11-08T19:08:00.000-05:00gregchange the c for r, maybe they are next, eh?greg<BR/><BR/>change the c for r, maybe they are next, eh?VLADhttps://www.blogger.com/profile/07303463697333210934noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-20867923677549238242008-11-08T19:06:00.000-05:002008-11-08T19:06:00.000-05:00Lets stipulate that there will be no hyperinflatio...Lets stipulate that there will be no hyperinflation for a while.<BR/><BR/>T bills and TIPS are paper + you need a open bank that is functioning with no restrictions to make them liquid.<BR/><BR/>If they are forced to devalue the currency by say 50% you lose that much immediately.<BR/><BR/>See meeting on Nov 15, it isn't going to happen that day but it is the beginning of the process. Almost sure VLADhttps://www.blogger.com/profile/07303463697333210934noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-3111248290394080262008-11-08T18:39:00.000-05:002008-11-08T18:39:00.000-05:00Stunned Icelanders Struggle After Economy’s FallIt...<A HREF="http://www.nytimes.com/2008/11/09/world/europe/09iceland.html?_r=1&hp&oref=login" REL="nofollow"> <BR/>Stunned Icelanders Struggle After Economy’s Fall</A><BR/><BR/><I><BR/>It is not as if Reykjavik, where about two-thirds of the country’s 300,000 people live, is filled with bread lines or homeless shanties or looters smashing store windows. But this city, until recently the center of Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-77796148325940098102008-11-08T18:26:00.000-05:002008-11-08T18:26:00.000-05:00Shibbly,That's a good question. In the USA, I see...Shibbly,<BR/><BR/>That's a good question. In the USA, I see Obama not reneging on his promise not to raise taxes except on the rich for at least two years. Can't speak for Harper other than I despise him. Bush w/o the learning disabilities and huge military machine.<BR/><BR/>To try to give you any answer, I would have to know a little more. Assume you are well short of 60.5 years, which is el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.com