Stock and Bond Market-Timing: Can it be Done? Message Board

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Strategies & Market Trends : Stock and Bond Market-Timing: Can it be Done?

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Jan 8 4:00 PM EST

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To: Honey_Bee who wrote (2265)	3/19/2013 12:41:44 PM
From: Kirk ©	Read Replies (2) of 3605

You have to admit that some of us who were laughed at for calling ourselves "Libertarians" have been writing letters to the papers and posting on message boards about the excessive spending problem for decades and only now a few are seeing what we've been laughed at for. The ONLY way to pay off this massive debt is SIGNIFICANTLY higher taxes (confiscation) and/or massive inflation (a tax on savers.) Austerity will only stop the debt from growing... When people laughed at me in the late 1980s and early 1990s for warning about CA and the US spending far too much, I decided to buy high end property (Los Altos) as a better hedge than gold for inflation because I could draw income in the form of "rent not paid' from the property. I has worked out very well with 7 figure capital gain and a mortgage far less then renting a small, nice 2b apartment here. It is really sad so many missed the boat, especially the renters who probably voted for the government handouts (and confiscation via excessive taxation) in the first place. With the crashing of the education system and soaring inflation over this period, you could say the voters were hoisted by their own petards. Brinker comes off as a fool and his ratings from the top 10 radio shows in 2006 to not even on the "Heavy 100" radio list this year proves it. He rants and raves about excessive spending but I've never heard him call for massive cuts in military spending, changes to the whole health care system and he certainly cries like a little school girl if anyone suggests HE pay higher taxes.

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