What is Digg?268 Comments
- richmomz, on 06/18/2008, -26/+95Ron Paul has warned us about this for years, along with Peter Schiff, Jim Rogers, Warren Buffett and George Soros. Too bad most people were too dense to listen.
- EffYoo, on 06/18/2008, -2/+50My current investment portfolio is primed to take advantage of a situation like this - I'm fully invested in my own debt-financed human capital. Translation - I'm totally broke having spent all my money and gone into debt to pay for my education. I'm short the dollar because my debt isn't adjusted for inflation and I'm long on my own earning potential which, in theory, is adjusted for inflation.
This is the best I could come up with in an attempt to put a positive spin on the increased likelihood of being fully invested in my parents basement sometime in the next couple years. : / - dunderballer, on 06/18/2008, -3/+43are they trying to cause a run on the banks?
- Baldwin08dotcom, on 06/18/2008, -24/+63Does the author not understand the nature of (worthless) fiat currencies and Central Bank schemes? Buy guns, ammo, food, rural land and plan to survive the global decay.
- XanderDee, on 06/18/2008, -13/+50I laughed at the line
September as "all the chickens come home to roost"
Why? because so many people on MSM have said this and have been laughed at (Rev Wright, Peter Schiff, Jim Rogers) now they get to have the last laugh. Yet people continue to wonder why things are more expensive day after day and refuse to believe it's the printing press at the Federal Reserve. Yet priced in gold and silver prices have moved very little if at all.
Look the people who have figured out what is going on are going to be rich and those who don't will shortly be saying "WTF happened!". - inactive, on 06/18/2008, -7/+44***** SYSTEM SUCKS!
- richmomz, on 06/18/2008, -21/+57Ron Paul has been warning us about the problems with our monetary/banking/securities system for years, along with Peter Schiff, Jim Rogers, Warren Buffett and George Soros. But we were too stupid to listen, and now we are screwed. One Great Depression apparently was not enough to teach us about the dangers of irresponsible lending and investment practices, so we are in for another lesson it seems.
- Ganja420, on 06/18/2008, -8/+43DO A BARREL ROLL
- barbiesnow, on 06/18/2008, -2/+28Reading a book on the Great Depression By T.H. Watkins. It is scary reading about many of the very same things happening, home foreclosures, food shortages and credit crunch..We may be in for a very hard time...
- WiseWeasel, on 06/18/2008, -0/+23Just when you think it's hit the floor, someone goes and digs a new basement...
- inactive, on 06/18/2008, -6/+28Well I finally have some money to invest and this is good news, since there will be plenty of bargains in the next few months.
- indigothirdeye, on 06/18/2008, -3/+24Maybe they didnt like what they heard at the Bildeberg meeting, and are trying to warn the public?
PS - Just in time for the election season. Will we see the Reichstag burn again, and a new Enabling Act? - WiseWeasel, on 06/18/2008, -2/+22Yes, let's all trust the random digger's alleged wife... Phew, that makes me sleep more easily!
- centran, on 06/18/2008, -3/+24see.. the trick is to wait till the anvil hits the floor and then pick it up.
- inactive, on 06/19/2008, -0/+19So if a major bank executive says "be prepared" and some young digger says "don't worry be happy", which one should I pay attention to, and which one should be ignored?
- etherreal, on 06/18/2008, -3/+21I bet you can. I guess we will see.
- junkwheel, on 06/18/2008, -3/+20I wonder why Dick Cheney has been buying gold for a long time and selling none of it?
- 55mph, on 06/18/2008, -0/+16And what's McCain going to do? Beef up the War on Drugs, the War on Terror and the War on the Constitution.
Heads we lose.
Tails they win. - kemp34, on 06/18/2008, -8/+23Wow, judging by the majority of the above posts, I can see digg is full of financial geniuses.
- Tehrab, on 06/18/2008, -4/+19Upbeat turn-around of the economy and we all sing koombiyah? No way. A one-way ticket back to the Stone Age? Nope, not gonna happen either.
Look for something in between. It's gonna hurt. The hurt has already begun but the apocalypse this is not. There has been some good advice articles on Digg suggesting this crisis could be a cleansing fire, that we'll emerge from the rubble a wiser, greener nation. Dark clouds, silver linings, etc. You get the drift. - BesideYouInTime, on 06/18/2008, -29/+44Don't forget tinfoil hats and Ron Paul bumperstickers.
- inactive, on 06/18/2008, -6/+21You're a brave guy, trying to catch the falling anvil. Let me know how that works out for you; because, there is no way I'd be putting any money into this market, unless it's on the short side.
- ludditte, on 06/18/2008, -1/+13time to max out all the credit cards, mortgage to the hilt, buy the biggest meanest car on 0%.
THEY can't repossess everything. And according to actual presidential theory, that is what is good for the economy, spend, spend, spend. It's not your money anyway. You know the saying
"Live fast, die young..." - B3000, on 06/18/2008, -4/+16Well, I can't get any more broke than I already am, so...
- inactive, on 06/18/2008, -2/+12""Cash is the key safe haven. This is about not losing your money, and not losing your job,""
I don't get why cash would be the key to surviving this particular situation. Cash is great but keep in mind that it's not backed by any real value which will be the TRUE reason why the economy eventually crashes. Gold is the only way to go. - bearsandbulls, on 06/18/2008, -0/+10that is the question. Right now inflation is so high it's starting to get to the point where spending all of your money on future needs is a good investment. The same thing that happened in 1929.
- boiker, on 06/18/2008, -1/+11i wonder why those who predict a decline in the market are loons but those predict improvement are not? they'll both be right given enough time.
bush's tune has even changed over the last year from talk of a strong economy to a short blip and gradual improvement with the stimulus to a moderate blip that'll improve by september to continued economic downturn (not recession or depression). - staxofmax, on 06/18/2008, -3/+13Rampant inflation will knock down the cost of my mortgage in no time flat!!! Thank you multinational banks!!!
- WiseWeasel, on 06/18/2008, -0/+10Unfortunately, it wouldn't matter, and your house would probably still be repossessed, because you'd most-likely be out of a job if something quite as devastating as this scenario took place...
- kuantan97, on 06/18/2008, -5/+14Oh, but didn't you get the memo you silly moonbat: counterfeit money is necessary to save us from the evils of...gasp...freedom, prosperity, and peace.
- EffYoo, on 06/18/2008, -5/+13I have a personal connection to the story so believe me that I can refute the expert testimony without needing to give the least bit of effort arguing the merits of my position!
- kuantan97, on 06/19/2008, -0/+8Hate to say it, but we're fu@%ed either way.
- SocialPoison, on 06/19/2008, -1/+9NEVER GIVE UP!
TRUST YOUR INSTINCTS! - positron, on 06/19/2008, -0/+9By which time your money is worthless.
- ColonelJessup, on 06/18/2008, -0/+8You forgot the sarcasm tag.
- kemp34, on 06/18/2008, -4/+13Hey Reed, please don't do anything to prepare for this. You'll be doing us all a favor, plus, like you said, it will all be alright. Thanks.
- AlxCds, on 06/19/2008, -0/+8we'll do it live!
- DigitAl56K, on 06/18/2008, -1/+9Buried like your head in the sand.
- bearsandbulls, on 06/18/2008, -4/+12Here we go again ... tin foil hat comment followed by nothing contructive.
You are aware this is not a randum internet poster? Crazy economists, financial experts, bankers, politicians, richest men in the world..... - TexanRudeBoy, on 06/18/2008, -10/+18"oil and food costs continue to push headline inflation to levels that are unsettling the markets."
Another case of the underlying issue being ignored. Rising costs are the effect of inflation forced on us by fiat money. - Ebeach, on 06/18/2008, -1/+8What? How exactly? See Northern Rock bank run. in the end, it had to be nationalized to stop the bleeding. Just happened a few months ago.
http://news.bbc.co.uk/2/hi/business/7007076.stm - EffYoo, on 06/18/2008, -0/+8Don't get too excited. The problem is being caused by inflation & that means your money is losing value as it sits in the bank. You may want to think about putting some of it into counter-cyclical stocks like food & household products. Deodorant and tampon sales tend to remain steady regardless of the health of the overall economy.
- BigMacMcChicken, on 06/18/2008, -1/+8yeah really....don't forget to use the boost to get through.
- inactive, on 06/18/2008, -2/+10Go ahead Dorothy, keep clicking your heels. You might want to do a little fact checking before posting as well.
- inactive, on 06/19/2008, -0/+7 Agreed. If there is going to be massive inflation ( which there is) then cash is a terrible safe haven. Just because the stock market is dangerous doesn't make cash safe. History has proven precious metals are the best hedge against the predations of central banks.
- bman1984, on 06/19/2008, -1/+8dugg for allegged.
- SocialPoison, on 06/19/2008, -0/+7Funny thing is we really will go broke either way. Neither of the candidates have an economic plan that will balance the budget. This means more debt. This also means the dollar is worth less.
- siszam, on 06/18/2008, -17/+23Alex Jones had been saying this for a long time.
- JoeRW, on 06/18/2008, -1/+8Gold and Silver both have extremely large and concentrated short positions amounting to something like the largest 4 traders being short nearly a years worth of mining; essentially illegally cornering the market to the downside. These historically unique short positions grow as the price increases and thereby artificially suppress the price. See http://investmentrarities.com/weeklycommentary.htm ... for info on this (archives),
- inactive, on 06/19/2008, -0/+6 "Common delusions notwithstanding, the United States, I submit, is not a democracy—by which is meant a system in which the will of the people prevails. Rather it is a curious mechanism artfully designed to
circumvent the will of the people while appearing to be democratic. Several mechanisms accomplish this.
First, we have two identical parties which, when elected, do very much the same things. Thus the election determines not policy but only the division of spoils. Nothing really changes. The Democrats will never seriously reduce military spending, nor the Republicans, entitlements.
Second, the two parties determine on which questions we are allowed to vote. They simply refuse to engage the questions that matter most to many people. If you are against affirmative action, for whom do you vote? If you regard the schools as abominations? If you want to end the president’s hobbyist wars? "
http://www.fredoneverything.net/TACDemocracy.shtml -
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