i piped up, and to 28 people, let see what comes back
From: J
Sent: Fri, April 22, 2011 9:09:56 AM
Subject: Easter Break / tapping of collective consciousness: s.o.s.
the sum total of all my fears boils down to DD "dollar destruction", and the latest greed n fear titled "fiscal politics" brought the fear to the fore. my summary conclusion: i am afraid and i am not prepared enough.
yes, i believe in DD with all logic i can summon. but heretofore i am agnostic regarding the path of DD and i am so far an atheist regarding imminent timing of DD.
(i) i suspect DD path would be twisted, zigging and zagging, exhausting most. decline of empire, according to some is a long drawn out event, and according to niall ferguson niallferguson.com happens suddenly.
(ii) i fear DD timing must be 7-15 years, and not tomorrow, because China and Japan still needs the dollar to sup from until drained empty of all merit.
If DD proves to be the actual way to perdition, then all of our collective AA Astute Agility per pissing up the macro hill asset allocation and shitting against the value-speculation / stock-picking wind would just get very messy.
what should the average citizen of carthage (circa 147 B.C.) have invested in? what about average mugabe of zimbabwe? are we about to all turn zimbabwian?
i have a gold coin issued by the carthage officialdom of that carefree lead-up to the final destruction. the coin and its purchasing value survived to this day. carthage may be still on the way to recovery.
iow, we stand a good chance to lose and lose for keeps unless and until we turn well away from the dollar for all-time good riddance, ahead of the japanese and chinese. in so doing we would of course suffer from the interim anti-dollar risks, and must unlearn all that we were taught about getting and saving the dollar, the same dollar that which we grew up to know well enough.
in still other words, we must bite on something, anything, and join the rebellion as bill once did in 1992 and started thinking way early, to take that metaphorical dollar passport and shove it in, hard, metaphysically, and face gold, the anti-dollar, sincerely, with each cell in our body crying out, "getgold and keepgold".
rebellions are typically messy affairs, in a bloody sort of way.
to do so, we must convert our base currency to gold and stay in that stance, and adjust our portfolio programs accordingly, to be denominated in troy ounces and know how hard it is to show a return against the elemental standard. tall task, because i know i cannot do what sean [edit: sean does 600 mil spread out on no not very many positions (i.e. long baidu short google, but outsize position) at any time, long short, and scored 40-240% every so often by managed accounts and hedge fund, distributes all gains, and yes, he saves in gold even as he wagers in dollars]; i do not have big enough dangly parts.
an associate passed to me above attached doc per covepoint perspectives from whomever he knows, with the accompanying e-mail from whomever append hereunder
From: Jon
Sent: Friday, April 15, 2011 1:29 PM
Subject: Bernanke and the Renunciation of US Financial Exceptionalism
A very interesting piece on whether Ben Bernanke is not-so-quietly proposing to relinquish reserve currency status to clear the path for long-term dollar devaluation. I had a meeting with the author yesterday and he painted a compelling picture for a dramatically weaker dollar in coming years.
jon
should covepoint be spot on and bernanke be as read, we are doomed should we continue our machinations in usa domain and play-on our convolutions in terms of usa dollars.
a sentence comes to mind, easily, "run, in the away direction, into the shadows, fast, silent, and stay there"
my 7 months young jack got his first tooth and my daughter 6 years young erita lost her first of many teeth night before last. jack just chews everything and drools over everything else.
erita had placed the lost bit in envelop and under pillow, and wished that the tooth fairy very specifically exchange a gold coin for the given-up tooth. her wish came true, and the tooth fairy altruistically helped to balance the empire's trade account deficit with the kingdom's surplus, an american buffalo gold piece for a chinese tooth. erita is getting in tune with the force, before the buffalo becomes a collector's item at the end of process for all transfer of manufacturing assets.
and below is a cyber conversation in which i participated to the tune of one line (highlighted in bold italic underlined red font, hinting at my one true worry, that one can be 100% right on the world as it really is, but the matrix world believes and behaves otherwise unwisely for a long time per dictate of the green pill).
the rest of the e-mail is attachment of this Message 27326023 plus the covepoint piece.
happy easter. |
