NSFW Episode 20: Gov't Spending, SEIU, Legeredmath
PREVIOUS EPISODES:
NSFW Episode 19: Dirty Sex, JPY/USD, Peer to Peer Lending
NSFW Episode 18: Japanese Earthquake & Tsunami, Tax Policy with Bill Gross, NFL Lockout
NSFW Episode 17: #Winning, Strategic Default, Cyber Security
NSFW Episode 16: Libya, Wisconsin, Wealth Gap
NSFW Episode 15: The Donald, Goat Poo, Interview Swagger
NSFW Episode 14: Atlas Shrugged, Bonus Hedging, Skipping College
NSFW Episode 13: Egypt, Internet Kill Switch, NASDAQ Hacked
NSFW Episode 12: The Energy Rodeo
NSFW Episode 11: Groupon, Google, State Bankruptcies
NSFW Episode 10: Barclays Layoffs, Arizona Shootings, $100 Crude Oil
NSFW Episode 9: Bonuses, Facebook, National Debt
NSFW Episode 8: The Christmas Special
NSFW Episode 7: All-Nighters, Bush Tax Cuts, Crash JP Morgan
NSFW Episode 6: Burnout, Bailing Out Europe, Wikileaks
NSFW Episode 5: Lehman Bankruptcy, TSA, Black Friday
NSFW Episode 4: Silver, Welfare Reform, Winter Inflation
NSFW Episode 3: Day Trading, Estate Taxes, Prop 19
NSFW Episode 2: The Euro, Prop Trading, Technology
NSFW Episode 1: QE2, Housing, Commodities
This week's recommended reading:
Merle's Door: Lessons from a Freethinking Dog
and
The Jungle (Enriched Classics)
Here is the SEIU video we referenced in the second segment:
That's it for this week, guys. Have a great week!
Any news on the Fed releasing info?
What do you guys recommend is the most optimal way for one to protect himself against hyperinflation, US economy collapse and the other trouble you talk about in the beginning? Foreign currency in an overseas account? Which currencies/countries?
By the way, the guy from the video is a crazy douche. If you are lazy and/or stupid, you should be poor. If you have taken a loan, you have to pay it back. If someone is rich, that's because one way or another they found a way to get there. Not willing to pay back the money you took and hating on successful people is immature and retarded.
Only two things known to man: guns and fertile land
Meh. If the dollar goes down it's WW3, so everything will go to shit.
Does this mean we should seize Paris Hilton's money. Be weary of generalizations.
What if the asset you took out the loan to buy is worthless due to the direct/indirect actions of your lender?
Inheritance? Theft? Con artistry? Mass Murder? Do the end always justify the means?
Hmm. Kind of like every TBTF bank is/has been doing? Gotta remember...the shit flows in two directions here. Nobody is not guilty. Though I get why you don't like the guy, there's a lot of validity in his points. Don't ignore the message just because you don't dig the messenger.
Maybe buy TIPS (treasury inflation protected securities), but then you are still linked to the US gov....
How about an extended segment next week...the big 2-1...that addresses your favorite adult beverages and some talk about March Madness/NCAA basketball upsets, etc. Unless of course we start firing Tomahawk missiles into a new country.
Regards
Hey Midas, I think your comment about WW3 and everything going to shit if the USD collapses is a bit over pessimistic don't you think? Plus, CHF is known to have confidently withstood many turmoils of all sorts with great confidence. Please correct me if I'm wrong on this one.
There's pessimism and there's reality. I'm guessing that you are looking at a "WW3" scenario as a result of the current malaise...I'm looking at it as the goal. Marinate over that for a bit. You're absolutely right about the Franc, but it's useless as a reserve currency. The best thing we have going for us right now is that the dollar is tied to almost all global economic activity and that there just aren't enough Euros in circulation to take its place.
Hmm... interesting point, makes me wonder whose goal would WW3 be and what they'd accomplish. Why would the rich&ruling want that, they would like things to stay as they are, in their favor. Why is the Franc useless as reserve currency? Because there's small amount of them?
Eaque dolorum repellat in impedit. Doloremque doloremque temporibus dolor sit. Fugit totam error ut quaerat autem quia. Nemo consectetur asperiores modi ut ad consequatur quisquam.
Et quis officiis delectus illo explicabo quia. Eos magni temporibus quaerat eveniet consequatur suscipit corporis non. Tempore minima odio est aperiam saepe. Voluptas ut voluptatum tempore minus voluptatem sed. Cumque nobis delectus commodi voluptates temporibus cupiditate ex nesciunt.
Quis quibusdam blanditiis aperiam iure est omnis. Rerum voluptas ut ipsam maxime vel. Inventore consectetur aliquid beatae doloremque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...