Wednesday, December 31, 2008

The Last Days . . .

. . . no, not in the Biblical sense . . . I'm talking economy, recession, jobs . . .

What do you think about government reform? How about a Continental Convention? You know . . . the provision in the U.S. Constitution by which the people can jerk Congress into line. Sure, everyone's Senator and Congressman is doing a great job. However, collectively the U.S. Congress, and the U.S. Government in general, is failing the people and the spirit of the U.S. Constitution.

The following is not a celebration of misery but just how I see the facts . . . a rant you could say.

We are not just robbing ourselves, our children really. We are robbing the rest of the world, or at least those foreigners owning dollars . . . on second thought, the whole world is going to pay the price one way or another.

The last phase . . . the last bullet for the U.S. Government . . . is to print money. It has been doing it for years, even decades now. The difference this time is the U.S. Government is ever so proudly announcing to the world it will print money to no end.

No need to worry about inflation they say, at least not for now. Maybe the U.S. Government will get lucky and get it right by turning off the printing presses at the precisely correct moment this time. Look how well the Bailout has gone after all. Yes, Sir! That's it. Isn't it just impossible for things to get worse?

My to-do list:
  1. Gold . . . especially the precious metals stocks, they are the cheapest ever with the current high price of gold and energy costs so low . . . only consider selling when one ounce of gold equals the Dow 30 index . . . my guess is 3,000 to 5,000.
  2. Materials . . . can't have everything in gold . . . Obama's stimulus plan should use a lot of materials . . . now is simply not the time for the virtual (financial) world . . . if real stuff becomes worthless then there's no place to hide and it's all over.
  3. A few U.S. Government bonds . . . always side with the one calling shots, at least for now . . . inflation is running about 15% to 20% but the U.S. Government says there is none so we are in a bond bubble (that word sound familiar?) . . . half of all U.S. Government money/debt (one in the same) is in foreign hands . . . so a big thank you to the "Suckers of the World" for paying half the bill . . . "The Business of America is Business"! . . . dump bonds when you hear the first pundit say the bubble will/is/has burst.
  4. A veggie garden . . . please don't think you can "just plant a garden" and feed yourself . . . a subsistence garden takes a lot of know-how, time, resources, and land . . . I just want a little garnish to take along to the soup line.
  5. Ammo . . . no, not for the starving neighbors beating down my door to get to my veggie garden . . . with 25% unemployment there is bound to be plenty of time to go hunting.
If I'm wrong, then I win! Hang in there . . . LIVING in these times beats the alternative.

No comments: