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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.01+1.6%Nov 12 4:00 PM EST

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To: GoldBull no bug here who wrote (26047)12/5/2007 5:37:39 PM
From: TobagoJack  Read Replies (3) of 217736
 
<<The first thing I thought was...They're trying to steal my gold again!>>

i thought that as well, and so bought the dip, and will likely keep buying the dip starting now, and not let up until all cash deployed on various stuff with my name on it, because cash at the broker is no good

the 5 years freeze on reset will not save the borrowers, because their houses are over valued relative to the forward economy and tax regime

the 5 years will not hurt the lenders because they weren't going to collect on their full due in any case

the 5 years freeze does practically nothing, except (i) in so far that it puts off the reckoning day thus allowing monetary actions to try to stem the short term gush with a slow acting and very long term patch, unless (ii) the patch is brought near term in such a manner as to put us into the zimbabwe scenario

recommendation: add gold. the fix is on, it is toxic, and gold is the antidote.

paulson's next trick will have to be a food voucher for folks whose interest rate just got frozen

after that

free credit card for the same lot

but the lot will only be legally able to enjoy the largess if they keep paying on their subprime even as their neighborhoods go to seed and home values implode by 50%

once the lowest run of society are thus 'saved', the next sorry appearing lot will extend their trembling hand, and so forth

and the bunch will only be able to keep paying the frozen rates if they can keep the jobs that will by and by disappear due to lack of affordable genuine funding as opposed to cheap false credit

this is how fiat inflation can run in empires, until all worthwhile enterprise is destroyed, historically speaking
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