Get out now ... While you still can.

[redgtxdi]

And just to bounce the OP's notion of pulling money out and investing it in everything that is currently high, in another direction........


You wouldn't buy coffee beans at $1.50 and sell them at $1.00 so why would you do the same with your investments??


Remember......."The best time to invest is when there's blood in the streets!" (That didn't refer to streets in another country).

And..........."The best time to NOT invest in something is when it's headlining the news for its exhorbitant price" (a la g-o-l-d!!)

Harbinger of doom twins powers.....activate!!

 

[Dissipate]

Originally posted by: redgtxdi
Remember......."The best time to invest is when there's blood in the streets!" (That didn't refer to streets in another country).

The problem is that this is going to be a very long and very painful bleed, so no one knows where the bottom is.

 

[Craig234]

Originally posted by: Darwin333

Originally posted by: RichardE

Originally posted by: Dissipate
Government intervention in markets doesn't work. Not today, not tomorrow, not ever. Now, take this fact, and put it with the fact that the government has intervened massively in the markets and you get a recipe for disaster.

I try to explain this to Republicans and I try to explain this to Democrats but they are completely out of their minds. They continuously deny economic reality staring them in the face.

Just look at the babbling fools here on AP&N. Like lemmings to a cliff.

Pure capitalism relies too much on trusting that man is a creature of goodwill and will not enslave his neighbor if possible. You have to trust that at the core man is good to believe in pure capitalism. Government intervention is needed because man is inherently not a good soul.

And the government is run by the same inherently "not good" souls.

Not that I know what the answer is but your argument is fundamentally flawed.

Sometimes it is, and sometimes it's run as intedned by people who are trying to serve the public interest. After 25 years of mostly bad government, fewer and fewer have ever seen 'good' government of the sort we had 1932-1968 for the most part. There was a different and better culture to government service.

We have this quiet revolution going on now where people are essentialy rejecting the entire notion of our nation's founding fathers' vision for the country by hating government.

Hating oppressive government is one thing. But replacing it with the private-sector 'lords and masters' by giving them unfettered power and reducing the public's say is a mistake.

 

[BoberFett]

Originally posted by: Craig234

Originally posted by: CPA

And Government, which is man, is a good soul?

Government is as good or as bad as the intent of those who hold power. Democracy increases the odds of the public being better represented than by small powerful interests.

Bush said it would be a lot easier if this were a dictatorship. That 'lot easier' part means the pressures that the fact it is a democracy brings on him to do something for the public.

Since there was a head caveman, human society has always had inequities between the few who hold concentrated power and the rest. Democracy is an attempt to reduce them.

If you can't recognize the difference between a private power holding too much power, and the power of the elected government who is intended to protect the public from such private powers - despite the fact that democracy can be corrupted when those private powers are able to influence who is elected - then you're going to have a hard time protecting the society from excessive concentrations of power and returning to the norm of dictatorship.

And I tell you time and time again, the power government has can always be purchased by the wealthy. Democracy will always fall to greed of the politicians no matter how much you resist. The only answer is to keep government intervention to a minimum.

 

[Craig234]

Originally posted by: Dissipate

Originally posted by: redgtxdi
Remember......."The best time to invest is when there's blood in the streets!" (That didn't refer to streets in another country).

The problem is that this is going to be a very long and very painful bleed, so no one knows where the bottom is.

It's a question whether now is a time to get out for a while... seems likely, but so many things are pushed down by the problems.

 

[Eeezee]

I don't have any money (dollars or otherwise), so I'm safe :thumbsup:

 

[jackace]

Originally posted by: Dissipate

Originally posted by: Darthvoy

Originally posted by: Dissipate
Government intervention in markets doesn't work. Not today, not tomorrow, not ever. Now, take this fact, and put it with the fact that the government has intervened massively in the markets and you get a recipe for disaster.

I try to explain this to Republicans and I try to explain this to Democrats but they are completely out of their minds. They continuously deny economic reality staring them in the face.

Just look at the babbling fools here on AP&N. Like lemmings to a cliff.

government intervention is good as long as those who make up the government are not incompetent monkeys. Pure capitalism doesn't work... remember the industrial revolution?

Industrial revolution wasn't pure capitalism by any stretch of the imagination.

LOL exactly. The industrial revolution was not even close to pure capitalism. As per my limited studies pure capitalism has never existed. Not saying pure capitalism is a good system either though.

 

[Dissipate]

Originally posted by: Eeezee
I don't have any money (dollars or otherwise), so I'm safe :thumbsup:

Having no money makes you safe?

I would think that it would make your situation quite precarious.

 

[shira]

Originally posted by: Vic

Originally posted by: jpeyton
Smart advice. Get your assets out of the US and into foreign markets and foreign currency.

Will this trillion dollar bailout will usher in an age of hyperinflation? Schiff seems to think so...quite strongly.

More likely deflation if we don't do it. Going foreign won't help you, it's not like they're unaffected by this.

I agree. Why does everyone assume that the coming calamity, if indeed there is one, will stop at our shoreline? Chances are, foreign markets would be affected at least as much as the U.S.

 

[shira]

Originally posted by: Dissipate
So if it is a business deal how did I and millions of others get on the hook for a $700 billion bailout of investors that made bad decisions under a system that supplied them with the easy credit policies of Greenspan & Co.? That's some business deal. In any government system where some decide for all, things wind up looking less like a 'business deal' and more like a complete ripoff.

You got on the hook because you and every other owner of a home gained hugely as your domicile went up in value. You benefited just like and for the same reasons as those greedy wall-streeters benefited. There were very few people who complained as housing prices skyrocketed. Did you?

So now it's time to give back some of that growth. Why is it that you want the upside without the downside?

I DO have sympathy for the hundred million or so Americans who didn't benefit and are now going to get pulled down with the rest of the economy. But I certainly don't blame any of them who tried for the brass ring with a sub-prime loan they ended up unable to afford.

Frankly, all this blame sounds like Monday-morning quarterbacking to me.