[MrBill]

No, that GS article is from today. I do not post forecasts from a year ago. Get with the program! ; - ))

[pogoliamo]

$this->bbcode_second_pass_quote('MrBill', 'N')o, that GS article is from today. I do not post forecasts from a year ago. Get with the program! ; - ))

[RdSnt]

Buying silver (bullion or pure coins) is not an investment, didn't suggest that it was. It is to hold for when the USD collapses and you need to buy food with something of value.

Having said that, my silver investments for the past year have averaged a 40% return. I'm comfortable with that.

Regarding other commodity investments ( I don't speculate, just like I don't gamble), I understand them so will continue to invest in this area. I never invest in something I don't personally understand.

$this->bbcode_second_pass_quote('pogoliamo', '')$this->bbcode_second_pass_quote('RdSnt', 'B')uy silver.

[Micki]

$this->bbcode_second_pass_quote('', 'N')on-energy Commodities
We continue to expect gold prices to reach $750/toz by year end.

[MrBill]

$this->bbcode_second_pass_quote('Micki', '')$this->bbcode_second_pass_quote('', 'N')on-energy Commodities
We continue to expect gold prices to reach $750/toz by year end.

[Micki]

Chinese walls between the teams would definetly explain it.

Gives them also a good excuse to give customers one set of advice and trade according to a different.
Cause I doubt the (chinese)walls are soundproof.

Personally I think the companies should trade as they preach.

[MrBill]

$this->bbcode_second_pass_quote('Micki', 'C')hinese walls between the teams would definetly explain it.

Gives them also a good excuse to give customers one set of advice and trade according to a different.
Cause I doubt the (chinese)walls are soundproof.

Personally I think the companies should trade as they preach.

[seahorse]

US Comtroller General, the lead accountant in charge of the United States accounting, takes his message to the public because politicians aren't listening. His message is dire. The US is in a financial crisis that threatens the country's stability.

$this->bbcode_second_pass_quote('', '"')I would argue that the most serious threat to the United States is not someone hiding in a cave in Afghanistan or Pakistan but our own fiscal irresponsibility," Walker tells Kroft.

David Walker is a prudent man and a highly respected public official. As comptroller general of the United States he runs he Government Accountability Office, the GAO, which audits the government's books and serves as the investigative arm of the U.S. Congress. He has more than 3,000 employees, a budget of a half a billion dollars, and a message he considers urgent.

"I'm going to show you some numbers…they’re all big and they’re all bad," he says.

So bad, that Walker has given up on elected officials and taken his message directly to taxpayers and opinion makers, hoping to shape the debate in the next presidential election.

"You know the American people, I tell you, we've been to 13 cities outside of Washington with the fiscal wake up tour. They are absolutely starved for two things: the truth, and leadership," Walker says.

He calls it a fiscal wake up tour, and he is telling civic groups, university forums and newspaper editorial boards that the U.S. has spent, promised, and borrowed itself into such a deep hole it will be unable to climb out if it

[MrBill]

seahorse wrote:
$this->bbcode_second_pass_quote('', 'N')ow, for all us Americans, ask yourselves why the "talking heads" on t.v. never have this guy on, why they never interview him? Why Wouldn't Kudlow on CNBC want to have the chief US accountant on t.v. for an interview? Why not Lou Dobbs? The fact that the mainstream media doesn't cover this guy on t.v., which is where most Americans go for any news, should tell us all that the news isn't worth a shit. Its no wonder Americans are called on this forum "the sheeple."

[seahorse]

The fact that no one covers what the Comptroller General says is also why I have no faith in the US to ever do anything about is fiscal imbalances or even something really difficult like PO. Sure, any problem is solvable, but it will take a serious crisis in America to get people moving, and by then, it may be too late. Its not just me saying it will take a crisis, check out this quote from a Congressman about why nothings being done:

$this->bbcode_second_pass_quote('', 'C')onrad acknowledges that most people in Washington are aware how bad the situation is. "They know in large measure here, Republicans and Democrats, that we are on a course that doesn't add up," the senator tells Kroft.

"Why doesn't somebody do something about it?" Kroft asks.

"Because it's always easier not to. 'Cause it's always easier to defer, to kick the can down the road to avoid making choices. You know, you get in trouble in politics when you make choices," Sen. Conrad says.

[MrBill]

seahorse wrote:
$this->bbcode_second_pass_quote('', 'T')he fact that no one covers what the Comptroller General says is also why I have no faith in the US to ever do anything about is fiscal imbalances or even something really difficult like PO. Sure, any problem is solvable, but it will take a serious crisis in America to get people moving, and by then, it may be too late. Its not just me saying it will take a crisis, check out this quote from a Congressman about why nothings being done:

[MOCKBA]

$this->bbcode_second_pass_quote('seahorse', 'T')he fact that no one covers what the Comptroller General says is also why I have no faith in the US to ever do anything about is fiscal imbalances or even something really difficult like PO. Sure, any problem is solvable, but it will take a serious crisis in America to get people moving, and by then, it may be too late.

[eXpat]

China is about to create firm to invest its $1 trillion in reserves, link here.

[firestarter]

$this->bbcode_second_pass_quote('eXpat', 'C')hina is about to create firm to invest its $1 trillion in reserves, link here.

[eXpat]

To the economic minds in this forum, a question, is this a disguised way to get rid of the dollars?

$this->bbcode_second_pass_quote('', '�')��They want to be more aggressive than what they do with current reserves,” said economist Mingchun Sun at Lehman Brothers in Hong Kong. “They could invest in higheryield products — stocks, corporate bonds, maybe even commodities,” Sun said. “Basically, the returns would be higher because the risk is higher.”
...
Chinese economists and media reports have suggested China might adopt more unusual investment approaches, ranging from stockpiling oil and other raw materials to spending more on social programs in order to encourage Chinese consumers to spend more and reduce dependence on exports.

[DoubleD]

Well, it would seem that this places even further pressure on the national economic management dilemma;

First Need: To spur national growth and economic stability - interest rates need to be lower to encourage use of leverage to continue fueling the consumption that supports the current fundamental economy of the United States. However this is in direct opposition to the...

Second Need: In order to maintain international monetary strength interest rates need to rise to encourage continued investment in US debt instruments.

Granted the interest rates for each Need are from different actions/markets - but the overall picture is one of competing pressures. So the conundrum for those trying to "manage" the national economy - do you allow rates to rise and risk a severe recession but prop up the dollar for a while longer - or do you grow your economy of consumption and let the Dollar fall to it's new place in the world economy with all the implications that goes with a dramatically devalued dollar in the world trade arena?

If it were me, I would opt for the national recession. As I think you end up there anyway with the dollar devaluation. We import the large majority of our goods and services - our economy is based predominantly on consumption with growth created by additional debt assumption. If we must pay significantly more for the goods we import - particular oil and petroleum based products - then we will ramp into a recession (or depression) relatively quickly.

This is the conclusion I am coming to. Your thoughts?

[threadbear]

$this->bbcode_second_pass_quote('DoubleD', '
')
If it were me, I would opt for the national recession. As I think you end up there anyway with the dollar devaluation. We import the large majority of our goods and services - our economy is based predominantly on consumption with growth created by additional debt assumption. If we must pay significantly more for the goods we import - particular oil and petroleum based products - then we will ramp into a recession (or depression) relatively quickly.

This is the conclusion I am coming to. Your thoughts?

[DoubleD]

Threadbear - I think we are talking the same thing. I said if it were me, I would opt for the recession - by which I mean an inflationary recession (stagflation) because the alternative as I see it would be a severe recession/depression.

I do not profess to know everything there is to know on the subject (you should all give a few folks a break around here - really shuts down conversation with the bitter/snarky attacks) - just explaining where it seems the situation is from what I understand. If you have better insight - then please share - as I requested.

[Zentric]

$this->bbcode_second_pass_quote('eXpat', 'S')o they basically will use the dollars they have in their reserves to buy stuff and to develop the internal market to minimize the effects of crashes?

[Scactha]

$this->bbcode_second_pass_quote('threadbear', 'J')apan, had a housing bubble bust about 15 years ago, give or take, and they responded by lowering interest rates to zero.