tag:blogger.com,1999:blog-2335748440449035592.post2853263027052275305..comments2008-11-26T14:22:42.425-05:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-2335748440449035592.post-36239851187162847482008-11-26T14:22:00.000-05:002008-11-26T14:22:00.000-05:00So it's just a matter of time before they create an ETF of credit default swaps on state issued bonds (if it's even possible)?defense20http://openid.aol.com/defense20noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-59666856368019643602008-11-18T02:19:00.000-05:002008-11-18T02:19:00.000-05:00Great analysis Mark. I agree 100% about the looming bankruptcies. There is a caveat. The Fed and IMF will defend the fiat money system with all their power. So from a systems view it's rally or fail time:<BR/><BR/>http://www.gamingthemarket.com/2008/11/three-great-banking-documentaries.htmlgamingthemarkethttp://www.blogger.com/profile/08889681397770964604noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-52836429396569134052008-11-15T21:34:00.000-05:002008-11-15T21:34:00.000-05:00Mark,<BR/><BR/>Schiff said there was a slim chance he'd consider running for president in 2012 if he felt he had a chance, he said it on his radio show.<BR/><BR/><BR/>Schiff is calling for the dollar to collapse within 2 years maximum..he thinks the rest of the world cuts us off soon.<BR/><BR/>That seems to conflict your logic. I understand what you think- the world cannot take the near term pain because we are still 25% of GDP in the world....so it won't happen for another decade, but he insists it occurs soon.<BR/><BR/>Also, he vehemently says this is strictly inflationary not deflation.<BR/><BR/>I mean all the printed money will take time to hit consumer prices<BR/><BR/>He described it and the 1990s as a "lag" between inflation (printed money) and rises in consumer prices and economic destruction...that seems legitimate because first the inflation (new money) hits asset prices causing fake wealth appearance, then it seaps to consumer prices which "poors" people.<BR/><BR/>Either way i think you're both right we see deflation (whether it be for years or months more) then severe inflation...but I just wonder when we get cut off..<BR/><BR/>I mean his logic is if they cut us off then they don't collapse because our lost demand and purchasing power from the dollar collapse will go to Asia and there will be a quick transition with US being poor....but still that is key...i mean he has a point, but what you say has more sense too, China cannot afford pain, they need to have jobs for the people...they cannot take any short term pain in cutting us off now even though it brightens their future.<BR/><BR/><BR/>No doubt it will be interesting to see how this plays...i just refuse to think against Schiff because he has been so right...i mean i remember reading his stuff written in 1999 about tech stocks...and in 2002, he was so right.<BR/><BR/><BR/>did you see his thoughts on the china stimulus....there's speculation that they may dump treasury holdings to finance it and it is an excuse to dump treasuries....if they do then the new auctions will only have the fed buying them...CRIPESsoccerbill8http://openid.aol.com/soccerbill8noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-60353762155387474902008-11-14T21:48:00.000-05:002008-11-14T21:48:00.000-05:00Mark, great commentary. I hope the bugs are worked out with the trading account...shangralihttp://www.blogger.com/profile/17806674467807355057noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-65390301038459548862008-11-14T16:29:00.000-05:002008-11-14T16:29:00.000-05:00Praveen<BR/><BR/>Guess which one of those two has been on Kudlow every 4th night for many years lol (Laffer)<BR/><BR/>And keeps getting invited back.<BR/><BR/>I read a story on CBSMarketwatch that reminds me of Schiff - a few guys who have called this have not benefited much at all from the fallout as all assets falter. Schiff was in gold and foreign stocks, the latter of which, which actually have been hammered more than US the past year... <BR/><BR/>That said, unlike many I don't just anyone just on the stock results - Schiff has been in the right when everyone was laughing at him,<BR/><BR/>So was Ron PAUL! Who got laughed off the GOP debate stages - he has been dead on, it is a sign of our times when people with brains are scorned and those who just photograph well and have right connections are thrust in our leadership. Not saying Obama is like that but in a general sense.<BR/><BR/>Anyhow the whole Wall Street apparatus is to attract assets. You don't do that by talking negative :)<BR/><BR/>Anyhow have good weekendTraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-47748200516744464552008-11-14T16:06:00.000-05:002008-11-14T16:06:00.000-05:00enjoy.... http://www.youtube.com/watch?v=2I0QN-FYkpwPraveenhttp://www.blogger.com/profile/18242191902201419705noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-59703628463675205152008-11-14T12:49:00.000-05:002008-11-14T12:49:00.000-05:00nice read &amp; I couldn&#39;t agree more on all the points listed.Mike Maslandhttp://www.blogger.com/profile/06275851037612575206noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-66005409671637775232008-11-14T12:48:00.000-05:002008-11-14T12:48:00.000-05:00Wow, and I thought getting a parking ticket yesterday sucked. Someone hold me... :)crappyhttp://www.blogger.com/profile/17601884181311375715noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-23838122612209157282008-11-14T12:29:00.000-05:002008-11-14T12:29:00.000-05:00TM: excellente!!! Thank goodness I have a day job and it is with the gov't!!!Guyhttp://www.blogger.com/profile/09198161809721597881noreply@blogger.com