Comments on: Obamarket Special 2/4/10: Hit by a Truck

By: Matt Steele

Matt Steele — Tue, 09 Feb 2010 19:22:16 +0000

John, have you stopped posting? I like your blog, have bookmarked it and check it every few days, but both the quality and quantity of posts have dropped off in recent weeks.

By: siriuscrap

siriuscrap — Tue, 09 Feb 2010 17:51:40 +0000

I know we are all simply DYING to read your next chapter(s). In the meantime, I started to do my own research and I came across some really interesting research. Some people have discovered from a simple google search that close to 160 CEOs/CFOs have resigned in the last 3 weeks! IMO, you have no idea how amazing your timing is with this story.

By: california doctor

california doctor — Tue, 09 Feb 2010 17:24:10 +0000

what’s up Admin?
No new posts in 1 week?

By: John

John — Tue, 09 Feb 2010 03:43:40 +0000

It is any bodies guess whats going to happen and when. I would realy like yo read the end of the story.

By: TXLonghorn

TXLonghorn — Tue, 09 Feb 2010 02:26:21 +0000

Sort of wondering if the dollar will die before the story does?/?/?

By: Mikey

Mikey — Tue, 09 Feb 2010 00:03:24 +0000

Guess the truck got John as well.

By: Lidya

Lidya — Mon, 08 Feb 2010 08:43:05 +0000

Hi John, from gold chart, seems like there was also a gap on 1 September 2008 ($940), why it’s not your target price during this dip? Thanks.

By: Lidya

Lidya — Mon, 08 Feb 2010 03:09:33 +0000

Hi John, for a trader, which is a saver bet? Short the stock indices, sell the USD, buy gold/silver or what? Which will you prefer & why? Thanks.

By: VJ

VJ — Sun, 07 Feb 2010 07:53:49 +0000

I know the deflationists are in the tiny minority but there is a valid argument here. The destruction of credit (defaults on real estate is the big example) is deflationary. A fractional reserve, fiat money based system can’t survive a decrease in total credit. Every mortgage that defaults removes the reserve backing from another 10 to 20 or more (depending on leverage) similar loans. Even with the huge government and Fed money creation machine at full throttle, my understanding is total credit has dropped. What happens then? Assets get sold (including gold and silver) to pay the loans, margin calls and expenses that can no longer be covered by borrowing. Thus, deflation. Is gold still a good idea? Absolutely. But, get it too preserve wealth long term, not to make a killing in the short term. And, be ready to watch it drop significantly from here. The thing is, if it does drop, so will everything else, so you still preserve purchasing power. Japan has been seeing serious deflation and their government is spending at a rate that makes ours look like amateurs, so don’t think it can’t happen.

By: bobn

bobn — Sat, 06 Feb 2010 19:06:39 +0000

“Where Shopping is a Pleasure”

Hey, friday morning is a little bit overdue……..We’re paying good money for this blovel, ya know.