SD Jarhead

You mean like tapping the Strategic Reserves? I mean really, it's just sitting there doing nothing. http://www.breitbart.com/article.php?id=pr...;show_article=1

Would "Mean Gene" be his Veep?

GG-If I read you correctly, you feel (along the lines of what Bills_fan posted) that what the Fed did yesterday is our last gasp at containing this? Here's something to consider though- for every homeowner that goes into foreclosure, it removes one candidate to assist with the recovery. Granted, had the system not been so !@#$ up in granting burger flippers mortgages in the first place, they probably wouldn't have been in the market. But, with ARM resets coming soon it looks like many with very good credit are going to go into foreclosure also. That is unless congress passes a bill to assist. But certainly inflation, which everyone is acutely aware exists right now, is going to get much worse from the printing presses working overtime. How do you see the Fed controlling this? And what if oil prices stay as high as they are?

Excellent post. Speaking for self, I value D.D.'s opinion on the mess we're facing and view his posts as informative and helpful. I think G.G. also has valuable knowledge on the subject but that he is in 'blame mode'. From my perspective D.D called his shots awhile back when he wrote that behind the scenes was a mess and the Federal Gov't was trying to keep a lid on things and present a sense of normalcy for as long as possible. This makes perfect sense because once the market senses the Fed has used up all the tools in its tool box this thing COULD get out of hand. Panic is our enemy and I think that's where G.G. has issues with D.D. He feels that D.D. is inciting panic which will lead to a further worsening of our situation. I do not agree with this logic. I am not in the industry or an expert trader as you might be able to tell from my postings. But it doesn't take a rocket scientist to figure out that this is one BIG mess, that one odd event in the world (an attack on Iran?) could send this off of the charts. FWIW, D.D., I sincerely hope you keep posting on this subject. To keep things in perspective G.G.- Drane's not Chuck Schumer, he's just a dude posting on a message board. Why kill the messenger?

Yea, sure lady. With every passing day we are digging ourselves a deeper hole when the first thing one should do when in such a situation is stop digging. The Gov't just intimated that there will be no more bailouts, now the 'fun' is about to begin. But move along...nothing to see here. Hey, isn't American Idol about to start? Here's a questions for all you wiseazz 'smart' people (yea you Nozzlenut): What are you doing to prepare for the brewing storm? Pretending it isn't there and will just blow over? Think the Gov't is going to be your safety blanket? Not me, I have a family and I couldn't live with myself if I didn't take at least basic common sense steps to protect them. And I'm not just talking about buying silver. As I've mentioned in other threads. I live in S. California where we have a vary high probability of earthquakes occurring. Call me crazy, but I made common sense preparations in case such an event occurs. I'd offer that 90%+ of the population have no plan of talk to their children about things to do during and after such an event occurs. What's the old saying about an ounce of prevention?

You're a legend in your own mind...

Goood Times!

I thought this was about the Bills but was on the wrong board...

No, that's not correct. I recently sold my F350 dually that I used to pull the 5th Wheel I recently sold. I took the equity and invested it in silver. I am also for the immediate future going to divert the money that goes into my savings twice a month and begin purchasing silver vice placing it in my regular savings account. I have not touched my regular savings nor have I withdrew any of my CD accounts. When I said I was buying it as a hedge, I wasn't bullschitting. I haven't touched my IRA's, TSP or 401k and have no plans to. I personally do not think that metals have come close to peaking. You may feel differently and are free to place your bets accordingly. The way the Fed keeps making money I think we're in for serious inflation which coupled with the bear market and real estate being in the schitter makes fertile conditions for metals to continue grow in price. That's my bet. Why do you think cash is my best bet right now?

Well I also am a big believer in personal protection and do not trust leaving my families protection to the Gov't. Hence I am also well supplied with ammunition. This has been discussed recently in another thread, but, ammunition is getting very expensive and with some of the initiatives moving through the legislature here in the land of fruits and nuts, may become very difficult to acquire.

In my first post I said I buy it as a hedge. I repeat, I have not liquidated ANY of my stock or fund holdings to purchase metals. I do think it is a wise HEDGE in uncertain times. Seriously, do you think earning 1-2% in a savings account is a great investment in this market? Let me also add for clarity that I have not taken out any of my normal cash reserves, but am directing new money into metals. What's wrong with this position?

Actually 'wanting' to see Maroon 5 WILL be grounds enough to forfeit your man card. I can't stand that group's music.

I'm not saying the world is going to stop rotating, but seriously, don't you see the storm clouds on the horizon? We may get lucky and it will pass, but what if it hits? That's all I'm saying. Be prepared, whether it be for a earthquake (a high probability where I live) or a financial meltdown which I think there is a significant probability of. If I'm wrong, what have I lost? But what if it does happen? Do you have insurance?

I've been buying physical silver. I purchase it in a variety of 100 oz. bars, 10 oz. bars and 1 oz. rounds. You can do a google search of coin shops or numismatic shops in your area that sell bullion. I prefer silver for a few reasons. First it is a low cost metal that is easy to liquidate and is untracable by the Federal Gov't. It is a cash and carry purchase with no records kept or taxes paid. The historic ratio of silver to gold is just above 10:1. Right now Silver is trading at about a 50:1 ratio, so there is serious potential for explosive growth. Metals are also a 'survival currency'. If the dollar were to collapse, which while a longshot is a distinct possibility, metals would become currency. That is why many doomsday scenario believers hold it. Also, with inflation expected to rise (rapidly and soon in my belief), precious metals are a great investment. I'm not sure if you are old enough to remember the late 70's while Jimmuh was Prez, but it looks like we're at least headed back to that kind of economic condition at least for the short term. That is when silver and gold set records for value. Mind you I am not liquidating my stock investments, but taking the cash portion of my regular investments and diverting it to metals. It will only lose value if I put it in my regular savings account.

Back on the topic of this thread, here's some feedback on Obama's plan: http://abcnews.go.com/Politics/Vote2008/st...1864&page=1

I know many laughed at E. Brady and 'Billy Basement' BUT, I've been snapping up silver. In times like this it is a great hedge. Dwight has said this is the direction we're heading and his predictions have been true to this point. The 'perfect storm' is coming. If Israel hits Iran, who knows what will happen in the economic world. We are in some mighty scary times right now, the likes of which I've never experienced in my lifetime. While we aren't completely in the toliet at this time, all signs point to us getting wet real soon. Just my $.02.

According to Obama, once you're officially 'rich' you're no longer qualified as a 'working family' and can expect no miracles from him. In fact, you're going to be the source of the 'miracles'.

Actually I was wrong on this. He has one of his legitimate children running the Messiah's campaign. If he really wanted to be covert he should have one of his illegitimate bastards implanted into the campaign. What a fuggin cockroach...

He's officially obtained Molson status in my book. This thread is a classic!

Then maybe we could get some of those subsidies back. I'm sure algore is all over this already in his science lab and has a plan to profit from it.

Do you have an opinion Max? If so then why don't you post it? What are you afraid of? Is this question plain enough for you? Is this enough questions for you?

Jesse knows that if Obama gets elected President he will be out of the extortion business. Because then how can he complain that Whitey is keeping the Black man down? I love this part of his explanation: "My appeal was for the moral content of his message to not only deal with the personal and moral responsibility of black males, but to deal with the collective moral responsibility of government and the public policy which would be a corrective action for the lack of good choices that often led to their irresponsibility."

Here is another pBills favorite: http://stuffwhitepeoplelike.com/2008/05/21...umper-stickers/

A DNC talking point...