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Re: The debt... 

By: Decomposed in ROUND | Recommend this post (1)
Mon, 18 Jul 11 9:14 PM | 45 view(s)
Boardmark this board | De's Test Board 		Msg. 33968 of 45644
(This msg. is a reply to 33967 by fizzy)
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fizzy,

re: "But, hey, De! Congrats on another great call!"

It's not that hard to make decent calls if you treat all the major news as if it's probably a lie unless it (1) is supported by verifiable evidence, (2) has no financial impact, (3) has no election impact.

If there's verifiable evidence but the news DOES have a financial or election impact, use your brain and common sense to figure out the truth.

Nearly everything important fails at least one of these categories. Hence, I proceed as if nearly everything of consequence is a lie.

My strategy seems to work. I'm doing well. I'd tell you HOW well, but I resolved long ago to avoid posting unprovable statements. So no posts about "Hey! I made $500,000 last year!" or "Did I forget to mention all that MSFT I bought in its IPO and still have?" from me...

And it's all all relative, anyway. If I say I'm doing well, one of you might be Warren Buffett and think my performance and calls are pathetic! Who knows anything when the internet is involved?

And that brings me right back to proceeding as if everything is a lie.


I think those of you who've been chatting with me for years know that I'm at least consistent. If I'm not, hold me accountable! But I try to keep my message to what *I* think is obvious: Buy gold. Buy land. Buy food. Buy oil. Buy guns. And sell dollars. The American economy is going down.

Start thinking along those lines and your predictions are bound to look good most of the time. Getting the details down ... now, that is is secondary to having a decent understanding of the big picture... what's going on in the world... what's going WRONG in the world.

This sums it up nicely. Project it forward a few more years and note the parabolic curve and you'll be in synch with what's happening.

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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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Re: The debt...
By: fizzy in ROUND
Mon, 18 Jul 11 8:04 PM 		Msg. 33967 of 45644

I'd say the DELIBERATE DRAMA surrounding the tussle is a major tip-off that it is largely CONTRIVED. The never ending prattle about "default" when default isn't even possible unless Obama CHOOSES it (in which case it was possible all along as at any point Obama could have REFUSED to pay bond obligations) is the big tip off.

Now, I do see some possibility that one of the rating agencies which aided and abetted the last big heist (the housing Bubble) will feel under pressure to put on a show this time and issue a downgrade in US debt, which would roil markets and cause an interest rate hike for US debt holders. But that is coming anyway and if the agencies were doing a serious job they would have taken that step a long, long, long time ago ... right after the Plaza Accord period as the US debt quickly grew to the point where no one could seriously expect it to ever be repaid.

WHEN BAD NEWS IS RAISED TO DRAMA YOU HAVE MAJOR EVIDENCE YOU ARE BEING CONNED...AGAIN. CONVERSELY, WHEN BAD NEWS IS BEING DENIED -- SUCH AS THE YEARS THROUGH WHICH THE POWERS THAT BE KEPT DOWNPLAYING OR DISMISSING REAL ESTATE, DERIVATIVES, AND DEBT RISK -- YOU HAVE *MAJOR* EVIDENCE THAT THE RISK IS REAL AND YOU ARE, ONCE AGAIN, BEING CONNED.

But, hey, De! Congrats on another great call! That was no con! Man you are making me look bad! :->

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