RE: RE: RE: The most important video you don't neeForgetting? I don't think so. Read the message carefully:
"...the greenback soared as the world rushed to the safety of US treasuriesand needed dollars to buy them (not that this is a long term strategy).
But I do agree. It's not over until you sell. Unfortunately a lot of retail investors -- and some big ones too -- have been shaken out of this market.
I too "believe" the US$ should come down. And I "believe" gold should go much higher. But I'm not going to say "will" as the world does not move according to what I "believe" should happen based upon my read of the fundamentals.
And of course we have the little problem that the markets can stay irrational a lot longer than I can stay in them.
This crisis has taught me to be a lot more humble.
And the one thing I really grown to see as stupid "ideology" of any stripe. Following any belief system in all situations won't cut it. We live indeed in a relative universe.
Not that one doesn't have a philosophy of sorts, but ever probing antennas that monitor events constantly are called for. We need to adjust our beliefs as the situation changes.
The warning that "video may be offensive to those that think Communism can't come to America" made be laugh.
We're now going through the greatest crisis in capitalism since the 1930s. And it was completely unwarranted. Brought on by a system that refused to regulate itself against its own excess. And it almost caused its own complete demise.
And some bloke's warning me a return to a "command" economy? Huh?
So suggesting that hedge funds and CDS give up their complete secrecy and have just a wee bit "transparency" afforded by regulated exchanges is some kind of Marxist plot?
And communism as a viable economic system, my dear Destinator, has been discredited since the late 1980s. Just go ask the Chinese.