Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (5298)	1/22/2009 8:13:17 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 103300

"I suppose accountants can do most anything with numbers... until they get caught..." Well... the REALLY GOOD ONES, anyway! <g> PS ---- I had already come across the pie chart Casey produced... and, I've read many of his books over the years. But, ya need to realize: he's a hard asset 'guru'... has been for decades. And here, with that chart, he is comparing apples to oranges. Comparing actual appropriations (like what we have directly spent on various wars) with things that we might wind-up on the hook for, if things go badly, since the government has agreed to stand behind and guarantee against certain losses (that might or might not happen).... It makes for a fascinating comparison, but it is truly a 'worst possible case' (he is practically assuming the complete failure of every single financial institution in the nation). Thus far... only a small fraction of that huge potential obligation has actually been appropriated and spent. (Remember though: Casey is a really big 'gold bug' and hard assets fan.)