I live in the USA and I am concerned about the future. I created this blog to share my thoughts on the economy and anything else that might catch my attention.
The political choices outlined for us are cut a little and raise some taxes on the rich while adding a lot of new debt (D) or cut a fair amount of services for the poor and reduce taxes on the rich while adding a lot of new debt but less than the other guys (R).
Neither one is a solution, leading me to believe that our system will break down and new one will rise form the ashes. One that is kind to Gold Diggers!
How about silver? Down 12% in 24 hours, then a 75% retracement up in the next 24 hours. I managed to get stopped out on the down day by 2 cents only to miss out on a 4 figure gain today. Hard lesson.
I really through Bernokio would defend the dollar today, but he didn't. It now sits on the cliff edge. Who doesn't love this system?
The political choices outlined for us are cut a little and raise some taxes on the rich while adding a lot of new debt (D) or cut a fair amount of services for the poor and reduce taxes on the rich while adding a lot of new debt but less than the other guys (R).
ReplyDeleteNeither one is a solution, leading me to believe that our system will break down and new one will rise form the ashes. One that is kind to Gold Diggers!
How about silver? Down 12% in 24 hours, then a 75% retracement up in the next 24 hours. I managed to get stopped out on the down day by 2 cents only to miss out on a 4 figure gain today. Hard lesson.
I really through Bernokio would defend the dollar today, but he didn't. It now sits on the cliff edge. Who doesn't love this system?
Who doesn't love this system?
ReplyDeleteI've done a non-scientific poll at the people near my desk. The results are not encouraging. 100% (1 out of 1) don't love this system.