Hard asset stocks will explode. Funny enough, those stocks which have not as well appreciated in this rallye, most with good dividends, are the ones to go sky high. Idea stocks will go bust. Idea money, too.

So, no crack-up boom, yet. Unless the dow just keeps rising from here. There is absolutely no consumer demand in this calculation. Consumer demand only counts as long as markets go relatively normal and this is still just a bear market rallye.

When the crack-up boom comes, then run. And hopefully you have your war and desaster dividend stocks in real somewhere safe. This is maybe the first time, where a bunker in the earth might actually be no crazy idea.
Remember, one silver-dollar gets you a bottle of whiskey since time began. And an ounce of gold pays for a month rent in a good place, since time began.
Let´s all really pray hard that this stays just talk.

The floating exchange system is the nemesis ( the Hoodlums took off the gold standard to their benefit and all the sheep said amen) and “capital flows” is all that matters in a globalized world.

So yes the US is economically worse than Haiti, and has been for a long time if we measure debt. But you don’t see the way of life in the US as you do in Haiti….you have stock market booms, busts, now metal booms, more food, alchol, hollywood, movies, porn, religion, war…etc….. HOw come? Haiti has been a bust all along and the US economy measured by debt and unfunded liabilites is worse than Haiti. So what gives? All economics theory, books, economists and you people keep spouting the same old economic garbage.

Two reasons, “Captial flows” and the “Gun.” Like Rome “Power” and ” Might’ will keep American going for a long time. You guys keep reading those famed books and Mises ( who I believe ended up as a pauper and had no money at the end).

So throw all you economic books of yesteryear and even now…..they just don’t apply.

So in 2010 ” the sheep must be slaughtered before the feast can begin.” Yes, all will crash, gold to $640, silver to $8.00, coffe, corn, beans, sugar, et al. ONLY commodity going up is the US index to 95 at the top.

Yes, All “the sheep must be slaughtered before the feast can begin.” Remember this as you see Rome/US burning in 2010 ( NY real estate crash/Insurance co crash, indices crash) and depression talk is heralded and the US Dollar Index ratchets up…..only to collapse in to 2012 at 41 cents. ( Mayans) and 2013 the Fed party.

Depression will happen NOT now but in…… 20*2. ” It is written so shall it be done.”

“Do the opposite of what you read and your own mind is telling you” to be a great trader. That is if you cannot read a chart or patterns or know TIME.

The people who caused this collapse already have the solution…..you just don’t know it, because you don’t get the game. You busy reading too many economic books. As Roosevelt stated ” Nothing is a state happens by CHANCE.”

The US controls everybody in the world with its debt and thereby controls everything and confirms it with the “gun.” And you have religious folks preaching about the devil yet to come….”blind leading the blind.”

Rome lasted for 1000 years. 1776…………long way to go.

I have a bonfire started….throw aways those stupid books and “Free your mind so the MONEY will follow.”

&&&&&&&

For starters, it was rude of you to have given a phony e-mail address and a non-name. Look people in the eye when you address them. RA

If the Fed continues to monetize the debt, don’t you think the rest of the world may want more of our dollars for their goods and services, or may flat out refuse to accept our dollars for their goods and services regardless of whether our consumer is tapped?

One author who writes about the natural tendancy towards abundance is Prof. Cal Beisner. His books, such as “Prosperity and Poverty” are well worth the read because of his totally different perspective on economics and society.

I gather Rich is writing somewhat tounge-in-cheek; since his idea that the dollar is not headed for immediate collapse must be based on the fact that it has already(!) collapsed by a factor of 50 in less than 100 years – or, as he says, by 84% in 7 last years. It amuses one to wonder how much something must collapse before it is conceded that it has collapsed.

Only one of the taxes Rich mentions for replacement by a transaction tax is unconstitutional: the federal income tax. Let’s see, “What shall we tax today?” says the bureaucrat. “Let’s tax the producers” (making everything more expensive). “Let’s tax trade” (slowing commerce, reducing sales and increasing costs and uncertainty for everyone). “Let’s tax the hardworking” (favoring sloth). “Let’s tax the rich” (reducing capital accumulation available for investment). “Let’s tax the common man who pays for it all anyway” (oppression of the masses). “Let’s tax wealth and savings” (better squander it before it gets taxed: heirs and future posterity to the devil). “Let’s tax consumption (sales tax, luxury tax, import duties, excise taxes) so that everyone contributes to the commonweal. The rich can flaunt their wealth or save their money and invest it to enhance the availability of new goods and services – and so can any hard-working individual.” “Let’s tax sin” (only the “evil” pay; and since increasing the cost of something reduces demand, there may be some practical morality to this). “Let’s tax real estate” (a tax the truly poor are unlikely to have to pay). So, there are lots of alternatives. Which one will Rich pick if Rich picks for Rick’s Picks? Ha, ha.

Just as no law has improved on the Ten Commandments since Moses, no theory of economics has improved on the basic principles in the “Wealth of Nations” since Adam Smith. It’s easy to sense that a transaction tax militates against the idea of efficiency in economic relations. This is just the sort of obnoxious impost that caused the Colonists to revolt against King George. But, in fact, a look at any trade ticket from your stock or commodity broker, or any purchase ticket from your grain elevator, will show tiny amounts for SEC fees, “checkoffs,” NFA fees, and the like. These fees are like a tiny transaction tax. The difference is, they are very much smaller than the amounts floated in DeFazio’s trial balloon; and they actually are supposed to pay for something that supports the industry or trade group to which they apply. [Emphasize, "supposed to." And, because they are "supposed to," they are called "fees," not "taxes." Farmers have favored the checkoff fees; as, it is perceived to be assisting their industry overall. But, Ag institutions tend to be independent, quasi-gov't entities run by people with real experience in the business. Based on the writer's experience, SEC is no help whatsoever in ordinary cases of securities fraud, nor in preventing fraud.] So, what justification would there be for a vast expansion of the gov’t grab on these transactions to fund other purposes, unrelated to the trading activity, when they don’t even do any good with the funds now going to the gov’t for a specific purpose?

Finally, you ask, “what is increasing in price?” Huge increases in some property taxes (about 80% in Mohave Co., AZ), medical insurance (up 18% this year, after huge increase last year just for moving to different zipcode, and not for age or condition), fertilizer and grains (both up a great deal from 2 years ago, even though way down from peaks last year), seed, sugar, cocoa, restaurant meals, gov’t fees, honey, canned goods (vegs, fruit, fish), frozen foods (fruit, vegs), nuts, dried fruit, electricity and telephone service (esp. minimum fees), safe deposit fees. These are all things in my own experience – and, yes, I do economize as much as possible. The question was, “what is increasing in price?” Of course, it depends on one’s time perspective. It’s easy to see every time one gets notice of a 20% increase in a basic service. And generally, one knows after several years of inflation that the price of everything he is buying seems to have doubled! And, it depends on the measuring stick of “price.” One might agree with Keith that, against gold, silver, or copper (the historical monetary metals), none of these prices have increased at all! It certainly illustrates the confusion caused by government manipulations of money and interest rates, in collusion with the prime banksters.

Here are some pictures of interesting Weimar period scrip, “Notgeld” (distress/hardship/need-money) in local usage.

Interesting is, that artistically speaking much of this “money” was rather good.
Also of interest is that much of this is issued in the lowest denominations in 1921 +1922 also, not the multiple zeros.
And, many of them were self-expiring, see below.

a) These are Meissen Porcelain coins, in 5+2+1+0.5+0.2+0.1+0.05M:
http://pic3.lot-tissimo.com/mf.php?PHPSESSID=kso83295671nbt6354sosgr3r6&mf=./288/bilder/extra/7-230.jpg
They were specially designed to withstand circulation, and existed in many different versions, by the factory, and also by other issuing municipalities.

b) This one is fom a series that serially tells a local story, in 0.50M:
http://www.suehnekreuz.de/KUNST/NOTGD07.jpg
This one was valid for one month

c) This one is a 1M, issued 11/1/1921, expires 3/1/1922:
http://www.suehnekreuz.de/KUNST/NOTGD02.jpg

Seeing as these were intended for use, and were used, one must have still been able to buy stuff for 1M in 1922. Probably then, the picture above, or of people burning stacks must be from the final weeks and months of 1923, the final parabola…

Forget about all all that long argument and many books. All come down to this: “How much well one can live on a $1000 monthly paycheck.” As simple as that.

It’s never about deflation. It’s always about inflation. It’s always about How much the inflation and how fast. During the housing bubble rent gone up lot, DWP up, transportation up, insurance up so inflation during that time up a lot. Now the rent down a little but still not enough. Gasoline still expensive. Insurance is not cheap. So the inflation is not as high as last year and the year before. Still it’s inflation says my monthly paycheck.

&&&&&

Gold, silver, health insurance & care come to mind.