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So what's the truth here? From China daily, yesterday: China unlikely to buy gold from IMF http://www.chinadaily.com.cn/bizchina/2010-02/24/content_9495476.htm And today from Pravda today (I know...) China To Purchase Half of IMF's Gold...

Exactly! What the fuck happened? Were'nt we supposed to be sitting back, letting the robots do everything by now? Even the Flintstones had a better quality of life. I don't think humanity has really evolved much, despite all the technological advances. The medical advances have been...

I'm going to say something crazy - not sure if I believe in it 100%, but I'll say it anyway: I think humanity may have peaked in terms of technological advances. But think about it. We drive, we fly, we sail. All these things have gotten cheap to the point that most middle class people...

I can still see homes dropping in value in a hyperinflationary scenario. It was the artificial mortgage market that drove up house values in the past. And that's being corrected now. Commodities, OTOH, will skyrocket over the long term.

Exactly. The Deficit hawks don't understand that a) you don't ever need to pay off the debt, you just need to keep it manageable and b) if you balance the budget you will plunge the country into an immediate DEPRESSION. And I would say we would easily exceed the 6% initial launching point/drop...

Keep charging at those windmills fkbsuhites. The argument that the two parties should represent opposed ideals and policies, one, perhaps, of the Right and the other of the Left, is a foolish idea acceptable only to the doctrinaire and academic thinkers. Instead, the two parties should be...

You're right - we can only export our inflation for so long. Eventually the other powers may decide that paying for our military via reserve currency transactions and subsequent treasury purchases may not be such a great idea for them. Actually, it's started already - they are divesting, I...

Not all government programs are necessary. Many are bloated and overcharge the government due to the nature of the contracts. I remember Reagan in the 1980s decrying the cadillac driving welfare queen. What did we replace her with? Defense contractors that charge $300 for a toilet seat and...

Get a fucking job huh? Obviously you are not aware of the unemployment rate. Your argument may have held water in 1996, but not today. By the way, many people working today in the private sector are working because the US Gov't gives their companies contracts. The US govt spends more...

Anarchy could be broad-based, or localized. When looking at it on a localized level, one can argue it's already here to a degree in tent cities in California and certain neighborhoods in Detroit. I think broad-based is unlikely, or at least not very likely. But you never know how your area...

There's no point in trying to find a political solution. The underlying issue is that we have a fiat debt-based monetary system. Government overspending, Pension and entitlement unsustainability, corporate/banking malfeasance, global trade imbalances, global financial imbalances... are all...

Northern European banks are heavily invested in Greece. Kicking Greece out would require another round of bank bailouts. Northern European banks are also heavily invested in Eastern Europe - which is experiencing a true depression. Either way, is it really relevant? The imbalances caused...

If you can push $800 a day on 50K, I can't imagine what your bad days look like. You must be manic depressive by now.

If Chanos is right about China, then I would think that oil would definately drop significantly. As for timing.... who gets that right?

Something's fishy here: Industry News: Hedge Funds Go On Citigroup (NYSE: C) Buying Spree In Q4 More than 100 hedge funds snatched up shares of Citigroup (NYSE: C) during the fourth quarter of 2009, with large well-known names like George Soros, Eric Mindich and John Paulson purchasing...

Home Depot and the construction industry doesn't like that. I live in NJ. I have seen dozens of McMansion subdivisions built in the past decade. You would think people would prefer brick when spending money.... the builders disagree... fh2000 is right - but I would add one more thing to...

Debaser82 - that's how most homes are made in the US. They are stick frame construction with plywood sheets. Brick is very expensive, so it is usually seen in older homes in older cities or in older homes or if recent construction, very expensive homes, and even then, it is siding, not...

Look at the largest Campaign contributors. Not many Community Banks on that list.

Update: Economy | 20.02.2010 EU nations preparing aid package for Greece, reports say Großansicht des Bildes mit der Bildunterschrift: Saving Greece is believed important for averting a currency crisisEuro zone countries are considering an aid deal for Greece worth around 25 billion...

"When people lose everything and they have nothing to lose, they lose it." - Gerald Celente, Feb 2009