2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 408.76

+2.6%

Jan 5 4:00 PM EST

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To: Maurice Winn who wrote (73306)	4/18/2011 4:58:16 PM
From: carranza2	of 219015

After the carnage caused by the failure to rate subprime securities as subprime securities, the ratings agencies I think are going to be a bit more protective of their franchises. The Chinese agency has I think already warned or downgraded. No big surprise there. Gold will not drop. Quite the contrary. The latest run-up has brought within a hair of USD $1500 and within two hairs of your end-of-year prediction. I think S&P may well have been sending a message to the lunatics we have in our federal government. Straighten out, or else... Unfortunately, the only way to minimize the debt is to make it worth less via inflation caused of course by QE and printing. The object is a beggar thy neighbor policy in which the payment of debt is made less onerous because the means of paying it are made much more readily available. The problem with this policy is that it is inflationary and, at the same time, hinders growth. Hence, stagflation. The problem with staglation is that the middle classes suffer the most because they are for the most vulnerable. Their savings are non-existent. Moreover, they are de-leveraging their personal debt at the same time inflation and lessened growth prospects make their mark. And, of course, they know nothing about gold. The friends to which I have tried to talk about these issues consider me a bit nutty. Although I would like to do so, I am too circumspect to show them my portfolio. Most rely on financial 'planners' - ha! They are for the most part astonished that I handle all of my own investments and have not dealt with a broker or agent in decades.

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