Article

2009-10-08 Economy

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Steve White 2009-10-08 00:00|| || Front Page|| [3 views ] Top

#1 Soros is leading this--he has heavly invested in gold and divested from the dollar. Unfortunately, he is also an unofficial advisor to Obama.

Posted by Lumpy Elmoluck5091 2009-10-08 10:37|| 2009-10-08 10:37|| Front Page Top

#2 Yes, Soros is having "A very good crisis"

Posted by tipper 2009-10-08 11:39|| 2009-10-08 11:39|| Front Page Top

#3 Its very odd to me that people who complain about the US not manufacturing stuff, about how we've lived on a bloated financial sector, dont see that the decline in the value of the currency is a necessary part of what they want, of us getting away from living off foreigners (mainly Asians) reliance on the dollar as reserve curr and on our financial markets, and back to living off of making stuff (for export mainly, though I might expect SOME import substitution as the dollar declines)

Its also a little odd, that folks are dying to get into gold, cause its ALREADY gone up a lot, and you know, it can never go down, right? I mean it couldnt possibly be a bubble, could it?

Posted by liberalhawk 2009-10-08 11:45|| 2009-10-08 11:45|| Front Page Top

#4 Its also a little odd, that folks are dying to get into gold, cause its ALREADY gone up a lot, and you know, it can never go down, right? I mean it couldnt possibly be a bubble, could it?

Current and projected government spending is a bubble that must come down.

Sooner or later it will come down.

At least those investing in gold are risking money they earned, you know, their own money, unlike the federal government.

Posted by badanov 2009-10-08 11:55|| http://www.freefirezone.org]">[http://www.freefirezone.org] 2009-10-08 11:55|| Front Page Top

#5 A bubble is usually used to mean an asset price bubble, not a policy thats unsustainable.

I think everyone agrees that the federal deficit needs to come down over time. I dont think the middle of a recession is the time to do that though.

Posted by liberalhawk 2009-10-08 14:26|| 2009-10-08 14:26|| Front Page Top

#6 So Treasuries used to fund the deficit are not assets?

Quite an admission.

Posted by badanov 2009-10-08 16:16|| http://www.freefirezone.org]">[http://www.freefirezone.org] 2009-10-08 16:16|| Front Page Top

Posted by DMFD 2009-10-08 19:51|| 2009-10-08 19:51|| Front Page Top

23:47 Clolulet tse Tung9375
23:23 Spike Crusoth7697
23:10 Spike Crusoth7697
22:31 Frank G
22:27 Rambler in Virginia
22:24 Barbara Skolaut
22:19 Scooter McGruder
22:03 Mike N.
21:53 Zhang Fei
21:45 tipper
21:40 Broadhead6
21:33 phil_b
21:29 Broadhead6
21:19 Broadhead6
21:17 Frank G
21:13 Broadhead6
21:09 tipover
20:53 Alaska Paul
20:50 Alaska Paul
20:50 Broadhead6
20:40 Frank G
20:22 Alaska Paul
20:22 lotp
20:21 Alaska Paul