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 : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (684049)	11/9/2012 11:39:22 AM
From: PROLIFE	1 Recommendation Respond to of 1571812

Bernanke’s Job Is Safe, But Your Money Isn’t Says Schiff As much as stocks have been getting slammed so far in the brief post-election era, the same cannot be said for the U.S. dollar, which is up for a second day and sitting at a 2-month high. There are many explanations why investors are seeking out our currency at a time of dire fiscal concern, but at least one well-known skeptic says it's not going to last. "Ben Bernanke's job is safe now that Obama was re-elected, but your money is not," says Peter Schiff of Euro Pacific Capital and author of The Real Crash: America's Coming Bankruptcy. "Ultimately, they're going to print even more money." At the heart of his long-standing stance of domestic doom, Schiff cites the recent action by the Federal Reserve to extend its Operation Twist program into 2013 instead of letting it expire as originally intended. The net result of this action, which Schiff calls "QE3-Plus" is going to be an even greater degree of money printing, to the tune of $1 trillion a year. The Fed has defended its stimulus efforts as necessary and repeatedly insisted that when the time comes it will be able to extract itself and shrink its balance sheet without disruption or runaway inflation. Schiff disagrees. "He (Bernanke) is lying. It is not inflation neutral, it is the very definition of inflation and the government tries to mask how bad it is by giving us phoney numbers," he argues, adding ominously that "it's only going to get worse because the Fed doesn't think we have enough inflation and is deliberately creating more." This is what will lead to the real crash that Schiff has been warning about, during which he predicts we'll suffer a major currency collapse. "It's all about confidence," Schiff says, adding that as long as investors believe that the Fed can maintain this, then Ben Bernanke will get away with it. "The minute the confidence is lost, this con game is over and we will have a real crash. So it is coming, will hit us hard, and probably happen in Obama's second term."

To: tejek who wrote (684049)	11/9/2012 11:54:52 AM
From: PROLIFE	2 Recommendations Respond to of 1571812

Vestas to cut 3,000 more jobs By Ted Sickinger, The Oregonian November 08, 2012 at 8:22 AM oregonlive.com Vestas Portland headquarters features a sculpture by Lee Kelly. Vestas Wind Systems is aiming to sell a stake of as much as 20 percent and shed another 3,000 off its headcount, more than doubling the number of jobs it plans to eliminate by 2013. ((I could do this ALL day long ALL week.....point being...the economy is NOT getting better except for obama's cronies. and he has a hell of a lot of cronies to pay back. ))) WORST PRESIDENT EVER!