Quote:
Originally Posted by sugarwood
It's funny that no one here is taking Tabs' bait.
Everyone is inured to the broken clock guy calling for meltdown each the last 30 years.
Telling this kid to go be a Bretton Woods gold bug is just bad advice.
He has a day job, and is not looking to start writing a tin foil bear market guns and ammo blog.
Stick with index funds and control your spending.
Tabs, just curious, when was the last time you were fully allocated in the market?
How badly have you been burned shorting the markets over the last 10 years?
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You can not argue with REALITY.
Fully allocated since 1996.
I do not short...covered options is about as daring as I have been.
Just because the ship has not sunk yet, does not mean that it isn't headed under the waves. It is a process...a progression of events. A Chinese Petro Yuan would just be another shoe falling..in America's decline.
If the Chinese are successful in creating a Petro Yuan BACKED BY GOLD....the USD will not be worth a warm bucket of spit. As there will no longer be a need to hold USD's in reserve. You will then see a flood of USD's coming out of the mattresses and hitting the street. When that happens the US economy tanks..
I am thinking that there MIGHT be a reverse split, turn in $7 and get one new one...However the debt will not be re-calibrated? That will then make the debt unmanageable? Credit will dry up in America... The debt will then mean something in the USA.