The World According To Bob: Buy A Horse While There's Still Time

[Captain Courageous]

More disturbing economic news from The Bobster:

Tuesday, March 15, 2011
Buy a Horse, while there is still time!

The "tipping point" may be at hand. Mr Bill Gross, sometimes called "the bond king," founder and manager of PIMCO's $237 billion Total Return Fund, dumped all of the fund's holding of US Treasury bonds by the end of February.
Read TIME Magazine story here.

Spin mongers are trying to save the economy by convincing people that The Obama hasn't killed the economy entirely. TIME story here.

Not long ago there were TV ads from an investment company called E F Hutton. The ads said, "When EF Hutton talks, people listen." Maybe that was true, and maybe not, but investors do listen to what others are doing, and when the biggest and most profitable Bond Fund decides to get out of US Treasury bonds, people will listen.

For the moment, the Federal Reserve Bank is printing dollars to prop up the US Economy. The Obama borrowed more money, sold more bonds, in February than the Bush Administration did in an entire year. The Obama continues to spend like a drunken sailor on shore leave, like tomorrow will never happen.

The founder of Home Depot was interviewed on TV yesterday. He advocated buying horses immediately while you still can. When, not if, the economy crashes you won't be able to buy gas for your car, so owners of horses will still be able to get around.

Regular readers of The World According to Bob will recall that Bob has waned of this happening for several months. Bob has previously recommended stockpiling food and ammunition, and whiskey for trade goods.

The "tipping point" forecast by such notables as Fed Chairman Bernanke may be at hand. Hang on to your hats, its going to be a ride.

http://bobstruth.blogspot.com/

[neoteny]

Is the Future bleak or idyllic? 

[PaulGuelph]

The guy should be really smart if he ran a profitable bond fund, but I can't accept what he is saying.

The economy died before Obama took power, so that has to be Bush's fault. We are seeing strong growth in the economy now, so Obama should get credit. It seems simple and clear. How can anyone say differently?

The real problem is that China creates trade imbalances by not following the rules. Bush did nothing about it. Obama is doing nothing about it. There is no tipping point. The US will slowly wither as China grows.

[outdoors]

We are seeing strong growth in the economy now

what you hear? or what you see?

[Sir Jessy of Anti]

It doesn't have anything to do with the latest president or the previous president.  It has to do with the banksters and politicians addiction to fiat currency and deficits.

Recovery?   If it is a recovery why is gold rising vs. the USD and all currencies?  Is gold in a bubble?  Perhaps gold tracks the bubble.

When economists (and politicians) think debt stimulates growth, then you have a problem.  I place the blame squarely on Keynes.

[neoteny]

Is gold in a bubble?  Perhaps gold tracks the bubble.

Was there ever a run on gold? Did gold ever devalue so that people were in a panic trying to get rid of their gold holdings?

[outdoors]

 gold is breaking records 

silver has gone up 30%    in the last few weeks and both are predicted to go sky high

i think when this happens-the paper dollar has become more worthless by the hour and people are seeing it

  i predict silver at a $100 an ounce by the end of july

gold will also go up-not as fast but at a more steady rate and be far more profitable in the long run--

just an "outdoors" prediction.

hang on to your old silver change-pre 68 canada and older u.s. silver coins

or better yet-sell 'em to me

[neoteny]

i predict silver at a $100 an ounce by the end of july

You can put money on that, you know... 

[outdoors]

i predict silver at a $100 an ounce by the end of july

You can put money on that, you know... 

oh..i have..don't worry bout that 

[PaulGuelph]

Gold went to $1400 in Dec and has stayed there ever since. Not rising much. Flat.

[outdoors]

Gold went to $1400 in Dec and has stayed there ever since. Not rising much. Flat.

seems to me gold broke the record high just the other day   

[Sir Jessy of Anti]

Correct, it did.   Gold was the investment class of the last decade (500+%) and gold and silver will be the investment class of this one, imo.

Of course with the Japan situation and the lies we have been told by every nation's media since day one (it's safe don't worry), you might just be right about silver at 100$.  Most people don't know that at Chernobyl there was risk of a 20 megaton second blast which would have destroyed half of Europe, but the west and the nuclear industry covered this up for 20 years.  This is according to a documentary I watched in which Gorbachev and others were interviewed.  The Japan situation is much worse than Chernobyl ever had the potential to be.  The worst part of it is the nuclear industry HAS NO PLAN.  They've learned nothing.

But don't worry, your increase in annual Sievert levels will be (and are being) increased by the regulating bodies, and then the radioactive fallout will be completely safe, as they have been assuring us all along.

[Captain Courageous]

All I know is, I'm gettin' sick of those effin' commercials "Sell Your Unwanted Gold For Cash".

[outdoors]

All I know is, I'm gettin' sick of those effin' commercials "Sell Your Unwanted Gold For Cash".

those people were recently exposed as rip-offs--not sure where i saw that?,but i did

[PaulGuelph]

It is easy to look it up on the web.

In Canadian dollars the price of gold peaked at $1447 in late November.  It then sagged to $1319 in January.  It then revived somewhat to its current value of $1382.

Not very impressive. I am not buying gold, because I feel that it has already peaked. Anyone buying now has missed the boat (in my humble opinion). That is my prediction. We will see who can predict the future better.