Faber on TARP: 'the best option is to do nothing'

The U.S. Gov't faces heavy losses on the $81 Bil in aid to the auto industry, according to the congressional oversight panel for the $700 Billion Tarp program. It didn't give estimates but said most of the initial $23 Bil in Chrysler & GM aid is unlikely to be repaid. Recovering the aid depends heavily on shares of the company, the report said. The US gov't owns major stakes in both US firms. ~IBD

Its not that we should save more rather than consume more. The real problem is production, not savings nor consumption. The production must be in real goods, not services. These are goods that can be competitively sold in international markets. We hardly make anything anymore. Most of what we consume is produced overseas making us dependent on foreign willingness to continue to finance our deficit spending. "Saving" just means that the banks do the spending rather than the consumer.

You would of been right to buy gold early part of 2008, sell it mid year and go long USD. In Nov. it would of been a good time to get into gold again. By March this year get out and long the dollar again.

This guy is extremely good. You should listen the conference he made in Slovenia. It's on youtube.

The best investment we Americans can make is Canned food ,Guns and ammo.Lets all take a stand against these PARASITES OF HUMANITY(The Federal Reserve Cartell System)

mexxx8732:

Yes, I read somewhere that the only gold confiscated was the gold in people's safe deposit boxes at the bank. The people who had gold that kept it at home didn't get confiscated.