tag:blogger.com,1999:blog-27697009.post9148207828958429345..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : We Haven't Hit Bottom YetJim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-27697009.post-78220706363560461222013-02-10T11:46:12.123-08:002013-02-10T11:46:12.123-08:00Hi Dearieme
Thats horrible news, but I will read ...Hi Dearieme<br /><br />Thats horrible news, but I will read that article. Credit Suisse reports tell it like it is. 20 years of 2% returns kind of sucks. The rule of 72 says that it would take 36 years for your nest egg to double. I'd better get a second job just to keep up<br /><br />Thank you for the linkJim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-20753909188820305212013-02-10T09:45:06.098-08:002013-02-10T09:45:06.098-08:00Ahoy, Jim, this report - especially chapter one - ...Ahoy, Jim, this report - especially chapter one - may interest you.<br /><br />"We have estimated that over the next 20–30 years, global investors, paying low levels of withholding tax and management fees, can expect to earn an annualized real return of no more than 31⁄2% on an all-equity fund and 2% on a fund split equally between equities and government bonds."<br /><br /><br /><br />https://infocus.credit-suisse.com/data/_product_documents/_shop/382269/credit_suisse_global_investment_returns_yearbook_2013.pdfdeariemenoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-8082313439511352092013-02-09T07:38:21.366-08:002013-02-09T07:38:21.366-08:00Hi Anon 10:41
I think you need to realize that go...Hi Anon 10:41<br /><br />I think you need to realize that government controls in no way repeal the laws of economics. Its like squeezing on a balloon, it bulges out somewhere else and if you squeeze too hard, you have no balloon.<br /><br />The present world approach to preserving wealth is kind of like building a sea wall in front of your sand castles on the beach when the tide is coming it. The sea wall will buy you time, but the outcome is inevitable.<br /><br />As for me being anonymous, scroll down a few articles and you'll see my real name next to the copyright.<br /><br />As for you being anonymous, scroll down to the site meter at the bottom of my blog and click on it. Your not as anonymous as you think. I even posted a screen shot of a visitor you may know, if you <a href="http://greatdepression2006.blogspot.com/2011/07/bonds-future-investment-opportunity.html" rel="nofollow">click here</a> click here and scroll down to the bottom, its worth a laugh.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-52165265098748333952013-02-08T22:41:48.264-08:002013-02-08T22:41:48.264-08:00anon 2:13
jim, time and time again you make predi...<br />anon 2:13<br /><br />jim, time and time again you make predilections based on free market principles...<br />my dear friend, wake up and realize that interest rates, prices, and so much is all controlled. <br /><br />if demand and supply where the only variables you would have a point but those are not the only variables, that's the point, wake up and see the truth and include it in your perspective,<br /><br />im anon bc we are all anons on the internet or do you think you are the only jim in san marcos...lolAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-20580432299279391942013-02-08T20:31:07.542-08:002013-02-08T20:31:07.542-08:00Anonymous February 08, 2013 3:58:00 AM:
First you ...Anonymous February 08, 2013 3:58:00 AM:<br />First you say it's not ok to scare people into buying gold, but later you state <br />"Owning tangible assets such as income properties, farm land, stocks/businesses, and gold is the investor's protective mechanism to offset inflation."<br /><br />So what is it?michaelnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-35616665967543701622013-02-08T03:58:12.179-08:002013-02-08T03:58:12.179-08:00Alarmists are infecting readers and listeners with...Alarmists are infecting readers and listeners with the assertion that... "you must buy gold now because any day the USD will become totally worthless paper". IMHO, It isn't ok to scare and de-stablize people regarding their income, wealth and future.<br /><br />Those of you who have been reduced to a state of worry and trepidation by these assertions, please read the Martin Armstrong article cited below for some economic history and logic on this matter.<br /><br />The USA is the largest economy that there has ever been in this world. And has the most powerful military. It has been the capital of the financial world for a significant amount of time. The world has been "dollarized". These conditions just don't go away over night. They decay slowly. It doesn't matter if other currencies are used for trade. The USD will still be the reserve currency and the destination for any "flight to safety" whenever there is a global or domestic crisis or scare. The USD is all over the world and in the coffers of all major countries, and USTs form a large part of most country's reserves. All this current CB printing is being offset by the deflationary trends and de-leveraging that is going on, and the velocity of money is very low as a result. <br /><br />The US government and The Fed work for the bankers and the big multi-nationals: if the USD turned into toilet paper over night, all bank assets (loans) would become more worthless than they already are. Do you think that would be allowed? If interest rates soared as a result of high inflation, the US government would not be able to service the debt. Do you think that will be allowed to happen?<br /><br />The only reason Weimar, Argentina and Zimbabwe had hyper-inflation was because they didn't have bond markets (and they had currencies that had no significance to the rest of the world). The value of the USD will just continue to erode on a protracted path. It will go out with a wimper, not a bang—similar to how the British pound sterling lost its reserve status before the USD took over.<br /><br />Owning tangible assets such as income properties, farm land, stocks/businesses, and gold is the investor's protective mechanism to offset inflation.<br /><br />We're even moving another step away from real money by going from paper to digits: all currencies will soon be electronic and we'll be doing all of our consumerism, business, trading, tax paying, etc. electronically. But, we'll still be dealing in and with the USD in electronic form.<br /><br />Yet, as Armstrong says, the USD won't be replaced until countries stop using debt for their reserves. I believe it's gonna be a long time coming before that happens.<br /><br />CAN THE WORLD REALLY ABANDON THE DOLLAR AS A RESERVE CURRENCY? By Martin Armstrong<br /><br />http://armstrongeconomics.com/693-2/2013-2/can-the-world-really-abandon-the-dollar-as-a-reserve-currency/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-33121847143513611412013-02-05T18:48:00.558-08:002013-02-05T18:48:00.558-08:00Hi Anon 2:36
The neat thing about being anonymous...Hi Anon 2:36<br /><br />The neat thing about being anonymous is that you can say anything and fade into the woodwork. If oil did drop to $60, your not going to wave your hand and point out that you were wrong, are you?<br /><br />The premise for that statement was the fact that Arab countries need $100 oil to finance the way of life that they have gotten used to.<br /><br />If consumption were to drop because of economic hardship, the Arabs would end up pumping more oil to make up the shortfall, that in turn could drop prices even further with more product on the market.<br /><br />It only costs the Arabs about a dollar fifty to pump a barrel out of the ground. The present cost of gasoline is subject to supply and demand. Right now Europe is willing to pay more for gasoline than we are in the US. Hence, we are exporting gasoline.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-71497405216462104382013-02-05T14:36:29.632-08:002013-02-05T14:36:29.632-08:00"and don't be surprised if oil drops to $...<br />"and don't be surprised if oil drops to $60..." said jim.<br /><br />you sure are the person to listen to when it comes to markets and prices.... Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-62580758665947079882013-02-04T20:29:30.463-08:002013-02-04T20:29:30.463-08:00Hi Dearieme
Thanks for the link, he had a lot of ...Hi Dearieme<br /><br />Thanks for the link, he had a lot of good points. <br /><br />No one would accuse him of being a man of a few words.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-29719707613837212982013-02-04T15:04:54.813-08:002013-02-04T15:04:54.813-08:00Here's an invigorating source of gloom I'v...Here's an invigorating source of gloom I've just discovered.<br /><br />http://thepriceofeverything.typepad.com/files/this-is-going-to-end-badly.pdfdeariemenoreply@blogger.com