Re: Faber sees bankruptcy for the U.S.

You know Bill, you are missing a chance to be insanely wealthy with all this
'doom and gloom'. Isn't the first time that someone has chickened out
with the risks of the stock market.

At least you will sleep well.

Vito


"Bill Reid" <hormelfree@xxxxxxxxxxxxxxxx> wrote in message
news:HsKRk.21920$_Y1.11768@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Uncle_vito <uncle_vito2002@xxxxxxxxx> wrote in message
news:F9mdnVJoiqRdtorUnZ2dnUVZ_hqdnZ2d@xxxxxxxxxxxxxxx

What is 'unimaginable economic chaos".

To you, what has happened in the last few weeks that you couldn't
see coming a year ago, multiplied 50-fold...

All these terms are meaningless to
me.

We've already established that...

Does that mean that all my money goes to nothing, even if I have it in
a mattress?

Possibly...

Does that mean I can buy a Ferrari for $100.00?

Maybe...after all, if "BuffyTheProfitHater" can buy the Ferrari
"Benson" with all his imaginary wealth, why not you?

Seems like it
means deflation. Like in Japan. Folks not buying anything because the
longer they wait, the cheaper things get.

Uh, well maybe more a more violent short-term move than that...

Be smart and informed intelligently, is BS.

No need for no book-learnin' here...

Only way you could be informed
intelligently is to have a crystal ball.

Or a spy, like Baron Rothschild. You didn't do the homework
I assigned you, did you? Not surprising, since if you were to
type "Baron Rothschild blood in the streets" into the Google(TM)
search bar, you'd never get CLOSE to the REAL story of the
quote...some of the knowledge needed these days pre-dates
Wippis and Goggles and Yippies and Wazoos...

Marshall McLuhan talked about "post-Gutenberg", Newton
Minow talked about the "vast wasteland" of TV; in 1993, in my
first web-site, I referred to the Internet as the "vaster wasteland"
and "post-post-literacy, so post-literacy nobody can even
spell 'literacy' anymore"...

You see, as far as crystal balls are concerned, here's a favorite
quote of mine that I would HOPE doesn't require any additional
explanation, unlike the "blood in the streets" quote:

"Chance favors the prepared mind."

My only point was that your mind should be PREPARED for
the POSSIBILITY (NOT necessarily the CERTAINTY or even
the LIKELYHOOD) of a federal government bankruptcy.

Once your mind is thus "prepared", you can now gather the
relevant information that will reveal at least a few weeks beforehand
that this will happen, and act accordingly. If you deny this or
any other reasonable possibility, you potentially render yourself a
victim of history...

Supposedly, selling all and buying
gold was the intelligent thing to do until gold dropped equal to the S&P
drop or about 30%. Sell all and put your money in the bank only to see
them close down. Seems the smartest investment lately has been Ginnie
Maes.
Still up. Look at VFIIX.

Hmmm, you've got the last few weeks nailed perfectly with 20/20
hindsight...now how you gonna predict the FUTURE?

So OK Bill, what do you think is the intelligent thing to do.

Ask somebody on the Internet!!!

Since there
is going to be 'unimaginable economic chaos'. Where do you have your
money?

Well, actually I've posted several articles recently talking about some
aspects of my "retirement money" allocation, and re-posted articles of
mine from years ago talking about the "upcoming" real estate crash,
but it hardly matters.

What matters is that I'm "prepared" to make quick dynamic
re-allocations as information becomes available that confirms
a particular course of "unpredictable" history is about to take
place, just as I was years ago...and yes, years ago I spoke
VAGUELY of moving into what I called "global thermo-nuclear
investing" (Google(TM) it!), a "strategy" (sort of) for dealing
with these issues...

And just like the Baron Rothschild (I am sure), I don't really publish
all of my work and the information gathered by my network of "spies"
for the common masses to benefit from...hard to amass a fortune
by giving it away, doncha know...

---
William Ernest Reid
Post count: 1310



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