My retirement was taken care of before I was born with Social insecurity. We all know how that has turned out. Now I can go to the feds for not only retirement, but now I can get a home loan through them as well as(of today) any insurance needs.
Who needs a Free and orderly market. Just let the feds handle it. I never thought I would see my beloved home land become a socialists Paradise. But here we are.
Now the gov gets to determine who lives and who dies. Why wasn't Lehman important enough to live yet AIG, Bear, Fannie etc. When you get central planners isn't this what happens? Not my choice, but they decide who survives and who doesn't. Start the lobbying now because if I want to survive I had better get on the good side of these Central planners.
I read where I am a snotty nosed immature thinking of free markets at this time. We need the gov to step in I am told. Heaven help this mentality.
If you cannot see the inflationary pressures, then you should turn your money over to one of these institutions. 140 billion pumped into the markets this week not including the 85 billion rescue of AIG. Yet we cant even pay our bills but we spend more and more.
I will ride out this correction. As long as we have the established mentality we do, we are destined for hyperinflation. The only investments I know that can withstand this assault is commodities.
Best of luck to everyone, these are trying times of our very existence of free markets.
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"If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."
-- Thomas Jefferson
From Daryl Johnson
It is already happening. I cannot own my house, my car etc. Oh I can pay off a mortgage, but the tax man is always there. In my later feeble years, I can be thrown out of my house for lack of paying taxes.
I see where 5 men have done all of this with no constitutional authority.
Long gold...
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