Comments on: Lunchtime Links 9-21

By: Jessica6

Jessica6 — Tue, 22 Sep 2009 15:19:20 +0000

re: the WTF headline – what about the goings on of a TV show next to it in the ‘breaking news’ section as though it was some sort of emergency?

By: jturner

jturner — Mon, 21 Sep 2009 18:56:19 +0000

Here are some really intriguing articles on how the govt’s Keynesian policies are affecting the gold price, and in turn how that is affecting gold mining stocks: http://www.goldalert.com/gold_news.php
All of the money printing will lead to higher inflation and a weaker currency. I believe there’s some very useful info discussed here for investors to read and learn about an asset class that has held up very well on a relative basis since the credit crisis began.

By: Rodger Malcolm Mitchell

Rodger Malcolm Mitchell — Mon, 21 Sep 2009 17:53:39 +0000

President Obama’s web site (http://www.whitehouse.gov/issues/fiscal /) says he will, “Cut the deficit in half by the end of the President’s first term. On January 20, 2009, the President inherited a $1.3 trillion budget deficit. The President has put forth a budget that will halve this deficit by the end of his first term, bring non-defense discretionary spending to its lowest level as a share of GDP since 1962.”

Make a note of this: Today is 9/21/09. I positively guarantee that if the President indeed does cut the deficit in half, we will experience a serious recession or a depression.

A growing economy requires money supply growth that exceeds population growth, inflation and the current account deficit. Cutting the deficit reduces the growth of money. For more on this, see: http://rodgermmitchell.wordpress.com/200 9/09/16/203/

Rodger Malcolm Mitchell