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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 378.35+2.7%Nov 10 4:00 PM EST

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To: elmatador who wrote (34539)5/7/2008 2:11:29 PM
From: Elroy Jetson  Read Replies (4) of 217654
 
The US has relied too heavily on debt since 1980, resulting from the policies of a monkey named Ronald Reagan.

This excessive debt, relative to income, merely needs to be eliminated in a massive deleveraging.

This deleveraging is having increasingly catastrophic results for those heavily in debt.

For people like myself with significant assets and no debt it is an interesting period of time with an increasing number of domestic financial opportunities - of which there have been very few since 2000.

It should be hardly surprising that I found Australia more attractive for my capital in 2000, and am now slowly becoming more interested in developing opportunities in the US.

This chart (below) illustrates the private and government debts in the US relative to national income.

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