SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.96-1.8%Nov 14 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TobagoJack who wrote (45751)1/24/2009 4:00:17 PM
From: prosperous  Read Replies (4) of 217825
 
TJ
Gerald Celente seems to be saying that we are not too far away from transferring a huge amount of pain to masses. The unemployed masses already are in pain, the new pain will be borne by still employeed ones whose savings will be vaporized, gold could get confiscated, equities vaporized, and will pay higher and higher for living necessities through dilution and devaluation. What a wonderful choice coming to the populace: be unemployed and take the pain or be employed and take it anyways because the earnings are/will be depleted and don't go far. Don't think the govt can create worthwhile jobs, at this time best thing for them would be to put money in providing unemployement benefit for longer period and let the clearing take place faster and do nothing else. It seems to me the time to move out of cash/bond positions is coming to town, it may be 3-6 months (or even lesser) down the road but is now getting there. When the govt is done with their solution, my suspicion is people will be way worse off than they are today with the current problems and with the onslaught of socialistic clusterf&*K that gets unleashed. The switft action promise should scare people off, it can fail swiftly and massively. I thought initially the deflation may play over the year but the resolve for swift action may cut it sooner. Switft actions usually gets good results when the problem, solution, and environment is clearly understood, which is not possibly the case here
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News