hello snowshoe, please do not post anything involving less than 45 billion, the cutoff for 2009 :0)
in the mean time, my banker asked me what i think i am doing, to which i responded just so:
attached please find a pdf version of 2008 year-end letter to family and friends. my largest trades are (in order) gdx, followed by gld, srs, paas, slv, tbt, tan. slowly slowly. gdx position size is on par with gld, but perhaps 10x srs.
must be careful with tbt, as mr bernanke and company can simply buy 20 t-bills directly with fed monetization and send the yield to negative, even as that craters the dollar, which they would not really want to result, although 'they' must want to make more funds available for fiscal deficit. it is all about saving the empire, imo.
as far as i am concerned, the relevant script is the attached pdf book "fiat money inflation in france" and the point of destination is nothing less than outright and total disaster, ending with what i term 'global monetary zero-state reset' ala argentina destruction of the middle class, by way of zimbabwe fiat inflation, via japan zirp, and that assumes no major wars.
it is so because the fate of the empire is at the alreaday burning stake.
and you know me, i am ever the optimist.
any which way, we will learn a lot about macro economics.
below is my saturday morning entertainment, gathered from e-mail in-tray
theonion.com is an blast from the past that is very terribly funny, starting out so “NEW YORK–Excitement swept the financial world Monday, when a blue line jumped more than 11 percent, passing four black horizontal lines as it rose from 367.22 to 408.85. ”
Great stuff, as usual, from Gregor MacDonald.
“How the Coming Bear Market in Global Sovereign Debt Will Drive Capital Back into Real Assets” gregor.us
cheers, tj |
