They were really good at losing my money for me in 2005. Seems they decided to switch to shorting the world since they couldn't figure out how to make money actually investing in something.
Posted by glassman on :
so, i listened to it for a half an hour and he never got to the point- other than that the US dollar will not be the reserve currency in the future...
i didn't need to hear that from him...
the "thing" is? all we need to do to stop that from happening is to tax Chinese imports at a rate comparable to what they are doing to keep the Yuan so low...
yeah that means we'll pay higher prices for Chinese goods, but it also means we will be able to create jobs here to compete with the Chinese and they still need our food, esp since they have been screwing up their environment so badly in the last 30 years...
we also need to cut oil imports by 50%... and NO! there's not enough oil here to do that, we need to use every reasonable alternative and develop some new ones too.... nobody in th e oil biz says we can produce enough oil here to replace 50% of our oil imports even if we tap all of them, and they are all finite anyway