Hey folks. Enjoying the financial markets deflating and busting?
Last week, September 11 actually, I celebrated my 17 years in the USA. It’s also my wife’s birthday (and my friend Rob’s birthday). It’s a good day. Used to be an awesome day, untl 2001 when it became synonymous with the terror attacks, but I digress.
After 17 years now away from communist Soviet Union, I am sad to see the US government adopting socialism. What has the world come to that I am forced to link to a NY Times article!
The financial gains of all the shenanigans that went on got privatized. Speculators and CEOs made their money. Now the risk and the tab is being socialized. We, the tax payers, are being forced to pick up the pieces. Bear Sterns, Freddie & Fannie, now AIG, and more to come…
This country is in a very sad state now, and even more so going forward. Here’s a historical fact. No debtor nation has ever been able to pay its debt off. Ours keeps rising as I type this. Point is this: it’s going to be ugly.
In the meantime, I say we need a new socialist Hymn for the USS of A, maybe a rip off of the old Soviet one. Just so we all know where we really stand now.
Didnt i predict djia 10500 2 years ago over lunch with you guys? But no worries, as long as we are all healthy and able, we will get through this.
So you did. Why didn’t you short those fools
I do not participate in manipulated markets as insiders always win. It is impossible for an outsider to determine correct strategy in crooked markets, there is only chance – same as playing roulette in a casino, and i am not fond of casinos
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I did pretty well in hedging partially in EUR, in case things get completely out of control. You remmeber how fast the USSR fell once the critical mass was reached. You are a smart guy, and i trust you are prepared
But as i said, if God gives us and our families health, we can work through this. Our parents did before, and we can too.