People trash the dollars by buying things but it is funny how what it buys turns into trash real quick too: real estate being the case in point.

Talk about reading about reading history.

Is not quite…

“While the crash only took place six months ago, I am convinced we have now passed through the worst — and with continued unity of effort we shall rapidly recover. There has been no significant bank or industrial failure. That danger, too, is safely behind us.”

What?! I’m just sayin’…

As fascinating as the unprecedented financial clusterfuckalypse and all of its implications are, when taking into account the fact that I have two beautiful young sons to nurture and protect , I become viscerally angry and anxious.

Are there any precise indicators out there that will help us see the need to actually flee ahead of time?

Who specializes specifically in constructing bunker type structures? Moats, etc?

Are the CEOs who have been selling stock in their own companies in record numbers purchasing homes in isolated areas? Buying M134 Miniguns?

Anyone?

Hasn’t it always been worthless paper? So what changed? As long as the majority want to believe that the paper they hold means something we will just keep chugging along.

No, it hasn’t. Once upon a time(only 30 years ago) it was convertible into gold. What changed? The government changed the rules in favor of their bankster buddies because they thought the gold backing was too restraining on their plans for world domination

As long as the majority want to believe that the paper they hold means something we will just keep chugging along.

Isn’t that what I stated above? As long as the fed prints and as long as people accept that the paper has value, the confidence game continues

Oh yeah a lot of people are pissed, including me, but I haven’t seen anyone throwing their dollars or yen or whatever in the trash. Yeah, like China doesn’t have a few issues of their own or everyone else for that matter. So how do you replace 20~25% of the economy of the world overnight? You don’t.

Actually most people who have a lot of cash do trash it. That is also what I stated. They trade it for tangible goods asap. They do this because they know instinctively that those dollars are losing value so they want to get value for them. I try to trash as many dollars as possible as soon as possible by converting them to stock.

And no, a currency doesn’t usually die overnight but you would be shocked at how fast it can become worthless. After all, it is backed by the ‘full faith and credit’. The minute that backing is taken, and it can be taken with the stroke of government’s pen, then it is worthless. Just study up on the history of fiat currency to see

Looking like a good day for our US Treasuries. Shoulda bought more a week ago. Well, I guess everyone feels that way.

Oh yeah a lot of people are pissed, including me, but I haven’t seen anyone throwing their dollars or yen or whatever in the trash. Yeah, like China doesn’t have a few issues of their own or everyone else for that matter. So how do you replace 20~25% of the economy of the world overnight? You don’t.

Sorry for those that so blindly trusted their models and dogma that those models and dogma fail to hold water sooner or later. Something about the human instinct to survive. May I ad, in spite of dogma.

5:15pm
“Now here is a link to my fruit stand…”

FYI, I spent the last hree hours searching fruitlessly for your link – WHAT up man….

Not to worry though the money I save NOT buying stuff at your fruit stand, is going straight into my 401k.
So it looks like you will be the big losser in the end.

I guess the confusing part is that people must be taking those worthless dollars and trading them for something of tangible value. I can’t see them holding the paper for long. So the real dupe is the guy who gives up real assets and labor for the paper. I assume he wants to dump it off before the music stops as well.

So everyone is passing around the hot potato and no one wants to be stuck with it when the music stops (to mix metaphors). The question is when is the music going to stop?

I think the whole swine flu mess will make this depression worse. That’s why I’m long NVAX until its hits $30