CLEARLY THE GOVERNMENT BACKED "NEW BUBBLE" IN STOCKS WAS THE STORY OF 2009...
THE REAL QUESTION...AS ALWAYS...IS...NOW WHAT...?
CAN THE FED FINANCED ASSET BUBBLE CONTINUE INTO 2010...
AND WILL IT "WORK"...?
BY WORK ...THEY SEEM TO MEAN...PROVIDED AMERICANS WITH "UNEARNED" INCOME TO SPEND ON STUFF MADE IN CHINA... SO CHINA WILL THEN HAVE MONEY TO "BUY OUR BONDS"...WHICH THEN MEANS THE FED CAN PRINT MORE MONEY FOR WALL STREET...AND THE BUBBLE WILL GO HIGHER...
AND CHINA CAN BUY MORE BONDS... ETC ETC...
THIS ENTIRE HOUSE OF CARDS IS BUILT ON THE NOTION THAT ONLY VERY VERY SHORT TERM THINKING IS NEEDED FOR SUCCESS... AND ON WALL STREET THAT MAY BE TRUE...
BUT THERE IS ALWAYS THE "LONG TERM" TO CONSIDER...ALAS...AS BERNIE DISCOVERED THIS YEAR...!
WE KNOW THERE IS GOING TO BE A COLLAPSE COMING...THE ONLY QUESTION IS WHEN, WHERE AND WHAT IT WILL LOOK LIKE...
GOLD STILL REMAINS THE BEST DEFENSE AGAINST THE CURRENT INSANITY...
STAY PUT...GOLD...PERHAPS A NON-DOLLAR CURRENCY IN A RESOURCE BASED ECONOMY...OR SOMEPLACE WHERE BASIC SANITY IS STILL PART OF THE PLAN...
STAY TUNED...2010 WILL BE VERY INTERESTING...
