Saturday, February 6, 2010

It's Time to Rise Up!

Let me preface this video by saying that this message should be sent to BOTH Democrats and Republicans.

This is not a political debate in my view. Both parties have destroyed our economy. The message below however remains very clear.

The spending needs to STOP before its too late. If you fail to listen be prepared to find another line of work!

A quick note:

Word on the street is Europe may bailout Portugal, Spain, and Greece. This was the trigger for the huge reversal on Friday.

This will be very bullish for gold if it's true. I think you may start to see a loss of confidence in currencies down the line as a result. This should increase the inflows into the metals IMO.

I listened to a trader on Bloomberg last week that said he believed the long dollar/short gold trade was about finished. I think he is dead right. If Europe follows our bailout ways, the currency swings should be interesting next week.

Have a great weekend.


getyourselfconnected said...

Have to chuckle when money printing to bail out broken countries or states is seen as a market positive!? Why not just make up 20 Trillion dollars US and 20 Trillion Euros and hand it out at this rate, what's the difference.

Awaiting the fireworks that will surely be coming in the game tonight. Go SAINTS!

Art said...

Average American is too overweight to get off the couch. I don't foresee any type of mass display of public unhappiness or anger, never-mind any sort of uprising or revolution.

World's dictatorial government is very well trenched to allow mass disobedience in any capitalist country on this planet. There is a very well tune mechanism to counter act public's discontent with any government, it's call "democratic" elections.

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Anonymous said...

For sure the people will rise up. Soon or later they will need a potty break or to refill the drink/snack from the couch.

This is not what you have in mind. But have you seen the garbage (reality shows) on TV today? The people are too busy watching them and have no time or desire to be bothered with anything else.

Jeff said...

Looks like Germany is walking away from Greece.

440k jobless claims this morning. Not good IMO

Futers are slightly down.


I agree with your take on Americans. We will eventually rise up.

The distraction on TV will eventually no longer work at some point.

getyourselfconnected said...

thought you would be all over the bond auction today, still hiding after the SAINTS BIG WIN?????? LOL

Jeff said...



Bond post is up!