Saturday, December 11, 2010

Socioeconomic Reflections from a Self-Made Man; Also Known As Goober on Zero Hedge ...

I understand your thoughts on gold, am watching it 'all' very closely. But I struggle with what the future holds, especially short-term, 30-90 days. Seeing that not all governments are on a deficit spending frenzy like the Westerners and the periphery of Europa, some showing fiscal restraint and becoming less destructive like Germany.

It seems quite obvious Benjamin Bernanke (BB) will throw greenbacks at the problem in an effort to inflate away, instead of just allowing the failed to fall. I agree with Capitalist Pig Bob's theory of Darwinian free-markets. George "W" should have never bailed in the first place. Once one realizes that there are still trillions of dollars of derivatives hiding on banks'  balance sheets all over the world, and that nothing has been fixed but actually shoddier by virtue of MORE debt and government control/intervention/regulations. 

God forbid another 9/11 event in these burdened socioeconomic scenarios. I have a hard time concluding precious metals (PM) will not be part of a new system in whatever may come down the road. China / Russia and others seem to be aligning towards a new economic paradigm and currencies backed by PMs. I have come to this conclusion not by overreaction, I do a lot of research. I doubt there will be any way to back away and worry in the ability to ever get long stocks again. Maybe the rubber band this time will be too frayed and snap? In fact I think the PUMP is enablimg and fooling investors that everything is OK before the potential crash of PMs, as they are the nemesis of FIATs world-wide and could become a financial weapon against all average Joes when currencies have to devaluate, and the very few in PMs will survive. 

Putin and his cronies, and even Chinese communist guard is accumulating the PMs. I think BB is a monlith and out of touch, his education means nothing to me as he is stubborn in his madness of zero percent and greenback dilution for too long. Countries like Russia and China could eventually bring the Unemployed U.S.A. (U.S.S.A.) to its kneecaps fast. Besides, with no jobs, real estate is dead  probably for 10 yrs, maybe even more ....

States like CA, IL, and NY could go bankrupt soon and the municipal market would be weaker than the corporate market? Wow !

Just what REAL fundamentals will suddenly improve? A rising stock market you say, but for how long? I have big doubts about shareholder confidence if the some bad event happened and another flash crash happens. The huge bounce in stock prices could turn out to be a temporary and false stimulation. All the #s reported have been titanic lies as they are driven by plastic greenbacks, and the accounting of the unemployment rate should be a sketch on Saturday Night Live . Reality cannot be hidden for too much longer. Sites like Zero Hedge (ZH) offer many great truths. There is a power and importance of Internet sites and blogs compared to the moderno cable head society. These less traveled sites actually tell the TRUTH, unlike the PRAVDA machines, especially NBC. Even Fox has people who are clueless to economics, Bill O'Reilly is one, I see through his bs and self-serving character. Glenn Beck reports more TRUTHS, though he isn't as credible since he is a recovering alcoholic with no college degrees? Unfair imo. Look at the stupidity of Ivy Leaguers like Obama, Geithner, Bernanke, Orszag, and Summers, all sweeter than a box of California grapefruits, but the  liberal American flock was fooled, though some of the seagulls are catching wind and becoming disillusioned that nothing has CHANGED and "YES WE CAN" means "More Of The Same" (MOTS): wars, taxes, guantanamo bay, fannie, freddie, etc.), but some remain hooked to the Obama drip and refuse to recognize he was never qualified beyond southside Chicago Community Organizing, and never-ever Commander in Chief of the United States, aka U.S.S.A. after Obama Care and that partisan Financial bill from Barney Frank and Christopher Dodd. Two freaks on different spectrums of the definition.          

POTC is excellent too, they called things perfectly in 2008, before any meltdowns occurred, they were ahead of most. I wade thru the conspiratorial fluff on sites like ZH and POTC, but that is easy compared to the propagandist regime of OBAMA and its PRAVDA FED political machine.  The motives are all too  obvious imo: redistributing wealth and keeping the status-quo alive, then holding and staying in power at taxpayer expense. I do not see any of this changing for the better, therefore I'm reluctant to sell my PMs and then back in? I am watching all events very closely, probably 10X more than most. As far as my learning curve, it isn't a big deal, but thanks for the compliment. Anybody that spends as much time would have similar success imo. I work hard and feel blessed with an ability to focus. I and VERY tenacious/persistent/tough. Kinda like a mean pit bull, I don't let go when I smell blood. I will win once I've identified the end game, or die trying to gain more knowledge and understanding at the very least if proven wrong. Just the way it is for me, no big deal, I am fine with that as it has served me well for decades. 

I have been in far worse situations than today. Only difference is it is all on a grander economic scale and shorter time line now imo, world wide ! What most people are clueless about is that the stock markets can degrade overnight way worse as they are built upon the plastic U.U.S.A. safe-haven treasury bond illusion. Stimulus III and more QE anyone? The U.U.S.A. is teetering on the brink of reserve currency collapse and the beacon of hope and guiding light ! I have no doubts. I take it all Very serious and therefore protect myself and think ahead. I do no trust 90%+ of our so-called "leaders", only a handful at best .

I have several exit strategies already in place at all times and attempt to protect those strategies or change them as events dictate. I do not pretend to KNOW what is going to happen, only keep a watchful eye as much as possible and be prepared for anything including a bullish market based on what? At some point in the not too distant future I will leave or buy fertile acreage, not 100% sure yet. Watching closely. Depends on how things play out. I am actually torn between the two for various personal reasons now. Your help has been invaluable in my learning curve.  
 
Most agree I'm a simple and self-made guy that pays attention to the cause & effect of stuff and refuse to fall for illusion. I am but a Goober and relate to the picture posted, thanks POTC !

5 comments:

Anonymous said...

Good points goober, KR.

Anonymous said...

ussr = ussa under b.o. i like your thinkin' goob == Raj:-

Anonymous said...

ZH is a noteworthy site. I enjoyed your personal take. Gold should be a good invstmnt for many yrs. S. Park from California.

Anonymous said...

Bernanke is a waste of education and more dangerous than Madoff imo. Searcher_.._

Goober said...

Seems the PHDs and MBAs caused most of the disaster. We have all been guilty of giving away our trust and good judgnebt to a bunch of educated idiots we have willingly called "professioanls". We gave them a license to rape us now didn't we? Not saying education is not a good thing. Just depends on how it is used? Seems pretty obvious now many are simply criminals in suits who have the same mantra."we are smarter than everybody else" Kind of a bad joke in retrospect.