Happy New Year – Eternal Anarchist
My Fellow Americans !
We are Dooooooom ! We will never make it ! Apart from that, what’s not to be happy about? The Dumb Twits : Federal (My Ass) Reserve and US Government are gonna kill us all !
Apart from that I say : Why worry about tomorrow when we may not survive today. Happy New Year Y’all . May we be bless with all the USD B52 Ben is going to shower upon us.
What’s not to be happy about?
Happy and Blessed New Year Y’all !
Optimistically yours,
Eternal Anarchist
Chief Pessimist
Dr Doom and Mr Rogers – Short Treasuries!
- The last big bubble is the US Treasury bubble (Bond market). The flood of money from deleveraging, the sell down of the stock market and the commodities market has benefited Treasuries massively.
- Yields on 3 month are now close to zero (0.10%), 10 yr at 2.05% and 30 yr at 2.56% . These are ridiculously low rates. With the 2.56% of the 30yr long bond, the market is basically saying there will not be any inflation problem for the foreseeable 30 years. What do you think? It is plain insanity.
- All these buyers of treasuries are deluding themselves into thinking US Treasuries are safe. This is simply herd instinct and behavior based on past programming. Bonds are safe because US government will not default right ?
- US government is insolvent ! Uncle Sam will default on some of its debts soon. The only way out is to print more money and buy their own bonds ! This is total INSANITY ! But it is what the FedRes said it is going to do soon.
- Why bother to issue bonds when you can print money electronically and spend them? Why not just print trillions of dollars and bailout everybody, I mean everybody ! Announce a debt amnesty for everyone: Fellow Americans your debts have been totally written off ! Start borrowing and spend more money to boost the economy!
- The result is Zimbabwe : United States of ZimbAmerica ! The USD will tank ! We can now use our USD as fuel for the wood stove to keep warm. Much like the Germans did in the Weimar Republic in the 1920s.
(Much cheaper than buying firewood and lasts longer !)
- Let us see what Dr Doom, Marc Faber has to say. He sees the money that has been locked up in Treasuries starting to rush out during the coming year :
I think the big trade in 2009 will be to go short Treasurys massively — I really mean massively
- Jim Rogers is of the same opinion : Jim Rogers Plans to Short U.S. Long-Term Bonds, Buy Yen .
- And why wouldn’t anyone want to buy bonds? Actually why would anyone want to invest in something that returns 2.05% (10yr bond) or 2.56% (30yr bond) ?? What kind of return is this? Do we still expect the bond market to rally?? And yield on 10yr, 30yr to go to ?? 1% ?? 1.5% ?? Why not just keep your money elsewhere?
- This is where Dr Doom thinks you should put your money in :
… the best place for investments these days is in hard assets, but he has some suggestions for stock-market investors, too.
“You want to be in gold, silver, platinum, and also oil,” Marc Faber told CNBC. “If you believe in a recovery of asset prices as a result of money printing, you should be in hard assets, particularly precious metals.” … If you want to own shares, I would own some resource companies
Disclaimer – I am not a financial advisor. This is not an advice to buy, sell or hold any stocks or bonds or any precious metals.
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Peter Schiff – US Dollar is on the Verge of Collapse!
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Peter Schiff C.E.O. and Chief Global Strategist of Euro Pacific Capital Inc. has been right countless times for the past few years. Unfortunately, the MSM has brushed him off more often than not. Haha the jokes on them! The credibility of the MSM and a lot of these so called analysts (propagandist) are down the gutter.
- Hats off to the Man : Peter Schiff . For the right calls, for honesty, sound analysis, economics and simply telling it like it is. If only the world had listened to him instead of the load of BS propaganda that the MSM is trying to pass off as economics and sound government.
- This is what he said during the 17 Dec 2008 interview :
I am a 100% convinced that anybody who has their wealth in US Dollars will be just as broke as the people who had their money with Madoff.
- US Dollar Index has lost 10% for the past few weeks. Will it plunge soon ?? Will US enter a period of hyperinflation Zimbabwe style? Listen to Peter yourself :
Part 2 , Part 3 , Part 4 , Part 5 , Part 6
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