Health Insurance News

I am blogging about this instead of my usual Florida health insurance nonsense because if I don’t do my part to warn people about it then I am truly apathetic and  would most likely not even tell the Titanic ship captain to avoid the icy patch if I was transported back in time like Scott Bakula on the Quantum Leap show.  Ziggy is telling me, he is telling you buy Chinese Yuan and buy Gold.  But don’t buy gold shares denominated in dollars, no you must buy actual gold.  Have you noticed all the people suddenly offering to buy your old jewelry and gold?  Do you think they do it to help you?  Don’t sell your old gold – buy more gold.  But don’t stop there, actually hide it as if you were going to dinner at your friends house whose last name was Himmler and who lived in Germantown.  Mr. Schiff seems to be too reserved in his predictions.  I cannot tell you more firmly, this economy is kaput.  There is almost nobody left to lend us money and our currency is going to soon only be worth the paper that it is made from (but it is an awfully nice paper, if I were to get married I would probably want to use some old dollars instead of traditional cardboard).

Don’t walk, run to sell your stocks and please don’t tell anyone about this blog post as I am trying to avoid a massive panic.  However do tell your wife and you can also tell that guy Paul who works in the mail room as he is  mostly machine anyways since the whole mess with the breast implants and the soda machine.

“It is comical to watch so-called experts on CNBC trying to rationalize gold’s gain. With their nearly universally held conviction that here is no inflation anywhere in sight, and that economic recovery is already underway, they must seek out alternative explanations for gold’s strength. As a result, they conclude that gold’s rise must simply be a fluke and that it bears little significance for the U.S. economy or financial markets. Of course, since gold is a leading indicator of inflation, by the time inflation is evident in lagging indicators like the CPI, it will be much too late for these confused investors to do anything to protect their wealth.

I also find it laughable that most market pundits attribute the fall in the value of the dollar to an increasing appetite for risk. The theory is that as investors become more confident in growth, they are willing to assume more risk, so they sell the dollar and buy other currencies. However, this explanation has it backwards. The dollar is the risky currency, and investors who are dumping dollars are in search of safer havens.

These are the same pundits who first assured us that the economy was sound – just before it collapsed – and who subsequently proclaimed that the dollar would rise as the U.S. led the global recovery. Instead, the dollar has resumed its decline, and the U.S. lags the global recovery. In fact, the endless stimulus and bailouts enacted by Congress and the new Administration ensure that our economy will not recover anytime soon.

In the meantime, stock market bulls will continue to use the renewed strength in stocks to discredit the bears. They will likely accuse us of missing out on the rally in stocks. While such allegations may apply to a few misguided bears who are cowering in the perceived safety of U.S. dollars, or worse U.S. Treasuries, the smart bears are not missing out on anything, as they enjoy much stronger rallies in foreign stocks, mining stocks, precious metals, and commodities in general.

As investors we are indeed fortunate that so many others are so clueless regarding both the dollar and the U.S economy. As a result, assets such as gold, commodities, and foreign equities will continue to be under-priced. Though the ride will likely be bumpy, I believe the final destination will more than compensate for any discomfort.”  Peter Schiff in his Email Update.