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Where exactly do we get all of this money? Seriously? http://www.politico.com/news/stories/1208/16258.html

You need to read his book Crash Proof to hear his reasoning. He just wants to get out of the US dollar. He really didn't know for sure when the shit would hit the fan so he advised his clients to buy divident paying, non multinational, foreign companies. He didn't want his clients in cash not...

There are bound to be proplems with the states. California is already begging. Who is next?

The federal government doesn't have any money. They are just printing it out of thin air(computerized) as it is. So, they are actually taxing us right now through diluting the dollar. The goverment could only lower taxes right now if they would make tough choices and cut spending...

Maybe they wouldn't, I don't know. So you are saying that if countries around the world lost confidence in the Dollar due to debasing then the Chinese would simply ride the Dollar down? Is China that reliant on the United States?

It seems likely that deflation may persist for a few months, maybe six. After that, conditions will probably improve slightly and inflation will tick up. Bernanke has implied that he will reverse his monetary stimulus as soon as conditions improve. However, If he reduces the money supply...

Who cares about debt? Just print your way out of it. :(

Kind of funny how the treasury sells bonds and the Fed buys them....with printed money. So, obviously the Feds goal is to eventually sell the bonds to reverse the printed money. Right? This might be difficult for them to do for fear of damaging the economy again. The end result is a diluted...

Here is a quote from a Bank of Japan spokesman recently. At least they get it. Tokyo has announced a total of 6.8 trillion yen ($71 billion) in spending on stimulus measures as it joins other major economies -- from Europe, to the United States to China -- in seeking to ease the impact of...

This is part of Bernanke's speech where he obviously shows that devaluing the dollar doesn't bother him in the least. Although a policy of intervening to affect the exchange value of the dollar is nowhere on the horizon today, it's worth noting that there have been times when exchange rate...

http://federalreserve.gov/boarddocs/speeches/2002/20021121/default.htm Scroll down to where it reads "Japan" This is the Bernanke "helicopter" speech

Totally agree that it has all been done but since the speech was givin in 2002 what has changed now that will show that his philosophy is flawed? I guess I don't understand your post.

Somebody here suggested that I do some reading on quantitative easing. Well, after reading Bernanke's deflation speech I am convinced he will do anything to stop deflation. He also doesn't care about the dollar whatsoever. The short term and long term treasury market is now in the hands of...

Gasparino makes me sick. It would be nice if he could actually shut up and listen for for a change. He actually believes that people care about his reports.

So do you guys believe that shorting the long bond is a waste of time?

Great elaboration. So you are saying the Fed is going to buy all the bonds for sale to prop the price? Totally disagree.

I guess the Fed and Treasury can do whatever they want until the world stops buying our bonds or requires higher and higher rates of interest on those bonds. Until then, no problem. However, if long term rates were to suddenly shoot up then the govt. might be in a position where they can't repay.

Exactly correct. Schiff himself speaks of how he is actively involved in shorting subprime back in 2006. I am sure the reason he has all his clients in high dividend paying foreign non multinational stocks is he was trying to be conservative with their money. He just wanted their money out of...

There are shitholes in Texas as with any state but the entire state? Come on now. I have live all over texas and maybe Corpus Christi is the only city that I didn't like. Actually I would have liked living on Padre Island. Be more specific please.

Yeah, my $227000 house is 2900 SQ with a balcony and an outdoor fireplace. I can't complain too much but of course the house would have cost much more if the property taxes were lower.