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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: jim black who wrote (67904)	8/10/2006 10:52:24 AM
From: mishedlo	Respond to of 110194

I am not a gold bug. I hate that I feel like I must put assets in places other than dollars. I voted for this shrub in the White House twice and he is spending like there is no tomorrow, or well, the congress is and he signs the bills into law. If you are not too enraged at the thought of not being right, perhaps you might stroll through any of or all, Rothbard's The Case Against the Fed, Griffin's The Creature From Jekyll Island, and Bonner & Wiggins, Empire of Debt, three books that have given me pause to consider I have never given our government and finances an honest hard look. And I will never look at the internal structure of the USA the same way again. And this is the rub, I would love to find my suspicions are without foundations, my worries all without cause. I work with a woman, an RN, who is taking early retirement at 62 and will depend on her pension and social security to fund her mortgage she still has 22 years on. She believes that what happened to United and what is happening to Ford and GM cannot happen to the US government. Well maybe she is right, and then so was Dr Pangloss. jim black I work for Bonner (indirectly thru Agora). I have read the book. What is happening to GM and Ford may not hit the government for another 40 years. But that does not mean she is safe. But going on retirement and still having a big mortgage may not be the smartest thing to do. Of course I used the word "big" not you, I am guessing. Having debts headed into retirement is going to be a problem unless one has lots of other assets. Mish