Showing posts with label safehaven.com. Show all posts
Showing posts with label safehaven.com. Show all posts

Thursday, July 31, 2008

The Cost of Socialism

Source: Safehaven.com

July 30, 2008
THe Cost of Socialism

by John Browne


'Over the past few decades, the United States has steadily evolved from a nation of 'producers' to one of 'consumers'. The change has been celebrated by politicians and economists as proof of America's arrival at the top of the global economic food chain. In reality, the development has depleted the nation of its hard-earned wealth, and has led us to the brink of ruin.

But rather than encouraging a return of America's productive energy, our government is responding to the growing economic crisis by simply trying to boost consumerism at all costs. Their strategy involves socializing losses among all citizens so that the depletion can't be easily discerned.

Now that the nation has chosen socialism as its economic salvation, it is worthwhile to examine some historic precedents. They are not encouraging. Europe, the former Soviet block and much of Africa and Asia, show vividly that socialism curbs individual freedom and enterprise, and leads inevitably toward economic decline.

America was blessed both with abundant natural resources and individual freedom, the backbone of enterprise. The combination rendered American productivity the envy of the world. Based on the strength of our industry and productivity, the American Treasury became the world's largest.

Why would America swap a history of successful capitalism for a murky future of socialism? The Answer is politics...'

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Thursday, February 14, 2008

This guy is predicting 70pc falls...!

Asset Deflation 13: Sell Your Real Estate Immediately! (Safe Haven)



"And it's only a matter of time before that equity squeeze wreaks havoc across the economic board and takes down the stock market and commodities, too. Picture a five year old trying to beat back an elephant with a Wiffle bat -- eventually that will be the metaphor for a declining global economy trying to chase from the living room the growing, immovable force that is asset deflation.

Meanwhile, sell your real estate now. Sell it now. Now. Get rid of it. All of it. Even if you can't get 2005 prices (and you won't). Get what you can now, set the money safely aside and buy the property back (or one like it) several years from now, for a lot less money...


...I now expect every property category to become significantly affected -- houses, condos, fourplexes, apartment buildings and complexes, shopping centers, office buildings, industrial complexes, lots, land -- you name it. The evidence (and a growing and overwhelmingly negative real estate buying psychology) has me convinced that no property type will be spared..."

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Wednesday, December 19, 2007

Only Gold Can Beat the Credit Crunch

Source: Safehaven.com

So what? Who cares about Wall Street, economists, or politicians? Individual investors,
business owners, workers, fathers, mothers, and college students, they are the
ones who must survive if the United States is to survive the mounting credit
collapse more or less intact. Why worry about those who caused the mess?

The point is that Wall Street or US politicians cannot and will not save investors.
They are not concerned with investors, only with themselves. Investors must save
their own little selves - and the only way to do that is by jettisoning the
world of contracts, paper, and electronic currency blips.


Ironically, inflation fears are what propelled the dollar up from its
recent downward course, tracing the bottom of its 50 day moving average. Even
more ironically, the very same thing now threatens to become the undoing of this
attempted bounce. Why?

...

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Tuesday, December 11, 2007

Dollar

Source: SafeHaven

"The dollar is still the worlds reserve currency and no mater what the world wants to do they cannot simply dump their dollar holdings and move into other currencies. First of all if they were to do this it would provide a "screaming buy opportunity" to make a fortune but this is not going to happen so we wont waste time looking at it..."

"...In the short term it's possible that the precious metal sector might take a small hit due to the dollar rallying. If this happens we would view it as a buying opportunity and not one to run from. Long term we feel that the entire commodities sector will start to stand on its own feet and not on the so called dead feet of the dollar. Its demand that's going to drive these markets and not a weak dollar and demand is unlikely to fall anytime soon."

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Saturday, December 8, 2007

The Shock of a Thousand Trillions - by The Mogambo Guru

Source: Safe Haven

"So
imagine my horror when I learned that there was no error! We are talking about a
quadrillion freaking dollars! Instantly I knew that she was doing that on
purpose to give me a heart attack!"


"A joke that does not make fun
of people so damned stupid that they have no clue of what the last 4,000 years
of economics and gold says about why they should be buying gold with both
hands with every penny at
their disposal
..."



Now, things are so bad that a reader at Felix Salmon's
Market Movers blog is moved to darkly say, "Gold is for optimists. I'm
diversifying into canned goods." Hahaha!
Gold is for
optimists!
Hahaha!


...



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