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[HandBall]

I wonder what would happen if everyone understood the hole we're digging? Congresses going back a hundred years have been digging at a steady pace into more and more debt, with some fairly good acceleration in the 30s, 60s, 70s and the last couple administrations. Only healthy revenue and growing GDP has kept it somewhat hidden most of the last 20 years.  But now the heavy equipment has been brought out by the Obama administration and the hole is being rapidly expanded into another Grand Canyon.

Where is the breaking point?

Add up that "Liability per Person" near the bottom of the linked page below, and consider the debt your children have already been given by ours and previous generations. Reminds me of that that website noted here 8-9 months ago advertising the check we'd get in the mail if we elected Obama. Things turning out the way you figured?

Note: The numbers used are based on the rosiest of estimates and forecasts from the Social Security Administration. Under the ugliest estimates and forecasts, that $57.6 Trillion unfunded obligation at the bottom explodes to $1.25 QUADRILLION, or $1,250,000,000,000,000.  Now that is a big number.

http://usdebtclock.org/

[RamaBama]

I wonder what would happen if everyone understood the hole we're digging? Congresses going back a hundred years have been digging at a steady pace into more and more debt, with some fairly good acceleration in the 30s, 60s, 70s and the last couple administrations. Only healthy revenue and growing GDP has kept it somewhat hidden most of the last 20 years.  But now the heavy equipment has been brought out by the Obama administration and the hole is being rapidly expanded into another Grand Canyon.

Where is the breaking point?

Add up that "Liability per Person" near the bottom of the linked page below, and consider the debt your children have already been given by ours and previous generations. Reminds me of that that website noted here 8-9 months ago advertising the check we'd get in the mail if we elected Obama. Things turning out the way you figured?

Note: The numbers used are based on the rosiest of estimates and forecasts from the Social Security Administration. Under the ugliest estimates and forecasts, that $57.6 Trillion unfunded obligation at the bottom explodes to $1.25 QUADRILLION, or $1,250,000,000,000,000.  Now that is a big number.

http://usdebtclock.org/

As unbelievable as it might sound, I'm less concerned about what the current administration is doing (there are few other options right now) and far more concerned about what was done (and left behind) by the last administration.   If one goes back to when GWB was first elected President (and I voted for him that time) and look at what he stated, promised, etc.   AND you consider his record as Tex Gove (fiscally conservative), I was shocked by the lack of fiscal control exhibited by him and those around him.   Left the place in much worse shape than he found it.    While it does not surprise me that a Dem would spend  (although Clinton was not bad), I was profoundly disappointed by the last Republica President (and Congress)   . . .  no excuse.

So, we'll likely find ourselves in a similar position to what we found in the late 70's early 80's   . . .  ugly, with amazingly high interest rates.  I'll not blame Obama, but more GWB and the years he had a friendly congress.

Either way, we will all have to deal with this and I'm concerned about what we leave to the next generation.

[EWSoccer64]

Looking ahead, I see big inflation and a weak dollar.  So I go into Silver and Gold ETFs, and lose 15% of my portfolio in ten days.    Wow.   Talk about bad timing.   I enter into into that area right when the dollar comes back strong.  Timing is everything.

So much for that new(er) convertible I was coveting.............
Maybe next year?

Commodities - I hear that there are some major institutional buyers that are buying up lots of calls on Natural gas.

Also, soybean prices rocked today.

Stocks - RIMM was sold off before the earnings report.   RIMM beat the estimates.  RIMM went down further in after hours trading.   WTF???  And it is getting strong buy recommendations, I believe.   No explanation comes to mind.  I bought 500 shares today, thinking it would bounce.  Thought wrong, at least for today.   I still think this stock will be at $85 before the end of the year, though.

[EWSoccer64]

OK, as much as I screwed up in my dealins with stocks, commodiites and private placements, I made it all up.  My broker put me into VIVUS at $6.5.   We sold most of it when it spike to $11.50.    Now that is back down to around $10, we are going back into it.    With a market cap of under $2 billion right now, after the run up, and sitting on the best weightloss drug in the world, it is a ripe for a takeover.  That drug alone will be a more than $2 billion  a year profit maker when it is marketed.


Got a hot tip today on a company called "mercadolibre" out of South America.  It is the e-bay of South America.   It's main business is in Brasil and Argentina.  It is growing revenues by 50% per year.  ETC ETC ETC.   I was really tempted.   Further research shows that it is headquartered in Argentina.  With a Peronist Presidenta in charge down there, the really weak Argentine currency, and La Presidenta's admiration for and emulation of Fidel Chavezz of Venezuela, I will give it a pass.  Who want's to use a billion Argie Pesos for toilet paper, because that is where their currency has gone before under the same political party and same eonomic policies.

[goldengoal]

I just made close to 14K on a penny stock in 2 days as of today at 6:45AM and it may go higher, but when trying to make money you got to sell on a profit. PTSC.ob Been holding it since .11 Just sold it all and getting ready to invest half of it on a pink sheet or about 300K shares. solm.pk

Been making somewhat of a living on penny stocks, but it takes a lot of research time and investigation. So far so good, but because I realize the risk I don't put all my eggs in one basket.

[EWSoccer64]

Well done, Goldengoal.

Your point about research is very well taken.   I bought six thousand shares of SilverDragon at 10 cents a share.   Then I found out that their mine was all played out!  Sold the shares at 9 cents.

I could not find much indep info on Solomon Technologies.  Care to enlighten us on why you think it is a good bet even though it's price has been eroding?

I just made close to 14K on a penny stock in 2 days as of today at 6:45AM and it may go higher, but when trying to make money you got to sell on a profit. PTSC.ob Been holding it since .11 Just sold it all and getting ready to invest half of it on a pink sheet or about 300K shares. solm.pk

Been making somewhat of a living on penny stocks, but it takes a lot of research time and investigation. So far so good, but because I realize the risk I don't put all my eggs in one basket.