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Say we had a rock solid gold backed currency... Would there still be cashmashines on every corner of the street? Thanks.

They will anounce a 500 trillion dollar stimulus infrastructure plan in january 2009 which should see the DOW reach 30.000. FWIW DYODD.

lol Are you talking about homeowners or Wallstreet?:p

"They" can't let the free market work and let those who are broke take some pain because "they" are broke themselves.:p

"Unlike the approach taken by Paulson and Geithner to bailout AIG and JPM (via the Bear Stearns rescue), however, the investor claims that EU officials are considering a moratorium on CDS payments by the three Euroland banks in question. The banks would be given ten years to write down their CDS...

Cheap money creates bad investments and thus interferes with natural market forces who have a way of showing up on the surface anyway in the end. It's like a new shot on a heroine addict so he feels better again for some time but ....... You need to go to rehab at some time in the...

You don't need to be a doom and gloomer to believe gold will do well as an assetclass. Gold went up 2500% in the seventies. Maybe some people stayed out of that trade as well because what the hell do nutty goldnuts about investing right?

You guys are nuts. Gold is going to 8000$ an ounce.:D

According to Marc Faber, Chinese economy is already shrinking.

lol:D

You could buy DXO thats a 200% leverage oil ETF. Its at 2$ a share now so when oil goes back to 60$ you doubled your money etc. Not bad so you might want to start buying, maybe wait for oil to hit 30$ a barrel but thats anyones guess really. Best of luck.

Gold is depression proof.

September 18 Albert Edwards, global strategist at Société Générale, said Washington's serial bail-outs are the inevitable result of the credit bubble of preceding years. "This was all baked in the cake long ago. What we have seen so far is just a dress rehearsal for the deep recession...

Ok thanks but the 50% of US debt the Fed owns today seems like this high number already in comparison to the Asian Credit nations. Any idea on the upside left in percentage points for the Fed to take on new debt before the scenario as you describe could play out? Thanks.

Why can't this continue for as long as they like? Why not own 100% of US debt ?

People don't get rich by earning a lot, they get rich by not spending a lot. The future will show who has learned those lessons well before it is too late. Jim Rogers was in my country the other week and the journalist that did an interview wrote Mr Rogers made him not only pay for his own...

So, you short the crap out of Fannie and Freddie, GM and Citi and not even the smallest bell goes of in your head that this might have some less pleasant implications on the real economy?

In Europe here college costs maybe 30k for 5 years.

What do you do when she keeps nagging about getting a real job?