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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: the navigator who wrote (2321)	11/14/2007 1:43:15 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 71477

JJ, I'm of the school that the "return of capital" is the phase we are most assuredly at now. There is no safe broker for PM storage. *NONE!!!!* Pay the tax, AND THE PENALTY, and get your retirement money out remaining chunk out of harms way! When one reads the notional value of multiples in the TRILLIONS of worthless CDOs and SIVs on the biggest broker [GS] in the land's books vs. their actual cash and cash equivs on their balance sheet...., ....can you visualize what the smaller fish are carrying on their books? The smaller fish as represented by: TD Ameritrades, the TD Waterhouse, the E*Trades, the MER, the BAC, the WMu's, the Wells Fargos, the US Banks, etc? Assuming that the "cream of the CDO/SIV crop" frothed to the top of the GS milk-bottle, can you just wrap your mind around the crap CDO's and SIVs that are forced further down the food chain and residing in the minor brokerages and banks Balance Sheets or BS for short? If you think paying taxes this year on cashed in 401-Ks and IRA's is tough, imagine NO MONEY at all for your retirement after a "re-org" forced by a busted banking system!!!!!!.... For me, the answer was simple. Paying the tax & the penalty rather than lose it all in what is major unraveling right under our noses. I look at it this way: I never did believe the employer match part was really ever going to be mine...so what I've rescued is ALL what I put in, and a tiny smidge of what the employer kicked in before he really noticed it was gone! FWIW, the last time Robert Rubin (CEO of GS) told the truth was when he told his Mrs. he was "working late..." I can't imagine Blankfein was taught any better by his mentor. G_T