Bill Whittle points the way to the future (H/t Mairi):
Tuesday, April 19, 2011
More Price Ramps Ahead: How to Retire with Commodity Indexing
Jim Crum, with whom I have corresponded since the beginnings of the search for information about BO's birth certificate, has published an excellent piece with American Thinker. Jim comments on the inflation effects of the Fed's QE2 program:
The recently released BLS import and export report simply confirms what many of already knew was happening or was going to happen. Prices everywhere on nearly everything of substance are going up dramatically.
Jim adds that fuel and agricultural prices are both on the rise. American Thinker's Thomas Lifson adds to Jim's post:
Inflation, using the reporting methodologies in place before 1980, hit an annual rate of 9.6 percent in February, according to the Shadow Government Statistics newsletter.
If you are thinking of retiring, you will have to think strategically. Unlike Jim, who told me separately that he's bearish on the stock market, I am convinced that there will be a short term run up. The reason is the liquidity and ultra-negative interest rates that Helicopter Ben and the Fed are generating. One commentator on Kitco suggests that there will be a few week consolidation period followed by an additional run up in the stock market.
No increase is consistent. The silver market has been doing beautifully, and those of us who have partaken of the white metal have enjoyed the run. My portfolio is near its all-time high in February of 2008, when I had benefited from a short term run up in construction stocks that the late Howard S. Katz had recommended. However, I am not sure about silver's short term performance. Over the long term it will continue to rise, along with other commodities.
My recommendation to deal with Obama's declining America is to plan for retirement by purchasing blocks of commodities that reflect your anticipated consumption. For instance, if you are retiring at age 67 and you figure that you'll live until about age 82, you need 15 years' worth of commodities. If you spend $6,000 a year on fuel and gasoline, $7,000 a year on food, $2,000 a year on house repairs, $5,000 a year on property taxes and $5,000 a year on other consumables then you have a commodity budget of about $25,000 a year. The property taxes can be accounted for with gold or silver. The consumables and house repairs can be accounted for the with Deutsche Bank Commodity Index, DBC and/or the Deutsche Bank Agricultural Index, DBA. So you need to fund $25,000 x 15 = $375,000 in commodities investment before you retire. If you have ten years to go, you should fund $37,500 per year, $75,000 over five years, or put it all in now, depending on your theory of where the market is going to be going.
The commodities should not be used as speculation but rather as savings that you will liquidate over your anticipated retirement period. Whether commodities go up or down, your inflation risk for the funded period will be nil.
The recently released BLS import and export report simply confirms what many of already knew was happening or was going to happen. Prices everywhere on nearly everything of substance are going up dramatically.
Jim adds that fuel and agricultural prices are both on the rise. American Thinker's Thomas Lifson adds to Jim's post:
Inflation, using the reporting methodologies in place before 1980, hit an annual rate of 9.6 percent in February, according to the Shadow Government Statistics newsletter.
If you are thinking of retiring, you will have to think strategically. Unlike Jim, who told me separately that he's bearish on the stock market, I am convinced that there will be a short term run up. The reason is the liquidity and ultra-negative interest rates that Helicopter Ben and the Fed are generating. One commentator on Kitco suggests that there will be a few week consolidation period followed by an additional run up in the stock market.
No increase is consistent. The silver market has been doing beautifully, and those of us who have partaken of the white metal have enjoyed the run. My portfolio is near its all-time high in February of 2008, when I had benefited from a short term run up in construction stocks that the late Howard S. Katz had recommended. However, I am not sure about silver's short term performance. Over the long term it will continue to rise, along with other commodities.
My recommendation to deal with Obama's declining America is to plan for retirement by purchasing blocks of commodities that reflect your anticipated consumption. For instance, if you are retiring at age 67 and you figure that you'll live until about age 82, you need 15 years' worth of commodities. If you spend $6,000 a year on fuel and gasoline, $7,000 a year on food, $2,000 a year on house repairs, $5,000 a year on property taxes and $5,000 a year on other consumables then you have a commodity budget of about $25,000 a year. The property taxes can be accounted for with gold or silver. The consumables and house repairs can be accounted for the with Deutsche Bank Commodity Index, DBC and/or the Deutsche Bank Agricultural Index, DBA. So you need to fund $25,000 x 15 = $375,000 in commodities investment before you retire. If you have ten years to go, you should fund $37,500 per year, $75,000 over five years, or put it all in now, depending on your theory of where the market is going to be going.
The commodities should not be used as speculation but rather as savings that you will liquidate over your anticipated retirement period. Whether commodities go up or down, your inflation risk for the funded period will be nil.
The Unbearable Ugliness of the American Left
A neighbor forwarded this video of left-wing anti-Tea Party demonstrators.
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Sunday, April 17, 2011
Donald Trump Is Barack Obama
Given the steady deterioration of the United States since the 2004 reelection of George W. Bush, Donald Trump's sudden popularity among Tea Party circles doesn't surprise me. Trump calls for Obama's birth certificate, but other than race is Trump different from Obama? Obama was involved with crooked real estate entrepreneur Tony Rezko. Trump has spent his career in crooked real estate dealings. Obama rose through the ranks of the most corrupt political city in America: Chicago. Trump has been significantly subsidized in the most corrupt business city in America: New York. Neither have work experience that justifies their being president. Both have lived off government. Obama is so ethically challenged we can't get a straight answer from him about his background. Trump is so ethically challenged that he has spent a lifetime cheating lawyers and others who have worked for him. I know two lawyers who did significant amounts of work for Trump and Trump simply did not pay them. How many creditors did Trump cheat the times he went bankrupt?
So what, exactly, is the Tea Party? A movement of goons who flock around a crook like Trump? If so, then how do they differ from Obama's supporters? Trump is white; Obama is Black. Trump cheats his creditors, Obama lies about his background. What else?
So what, exactly, is the Tea Party? A movement of goons who flock around a crook like Trump? If so, then how do they differ from Obama's supporters? Trump is white; Obama is Black. Trump cheats his creditors, Obama lies about his background. What else?
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