Way to go in getting the bill passed, I can see your a real leader! A politician is a politician no mater the gender.

Thought this was as good a place as any to vent.

You're not talking about the bailout are you? Defeated 228 to 205. I was sure it would pass. But I knew gold would be up either way today. Either by monetization of the bailout, or safe haven buying if stocks tanked (which they did). Now I'll REALLY hear about other people's 401k's dropping. Hey, they always asked me why I didn't invest in them. Days like today is why.

Errrrr... What?

__________________
My car has a top speed of 105KPH - 65.5MPH (*)




(*) In Reverse

I've been hearing about this all day... now its even made found me on the Lamborghini board.
Anyway, I can't believe it didn't go through either.

Odd that true capitalists are begging for government intervention...Myself included. The evils of our system do need rules and regulations.

I find it hard to believe though that the rejection was all in the name of protecting poor joe tax payer. Without support, he won't have to worry about paying taxes because he's not going to have a job. What does it take to creates jobs? Capital, risk takers, and the already wealthy. All of that is devastated by this. The failure of this is pure politics and has nothing to do with economics.

Anyway with all due respect Bull, the gold bugs are looking magnificent right now, but being a bear or long term pessimist hasn't payed off in the long run. The "gold run" will probably be the next bubble to pop, so watch out.

$700 Billion USD bank bailout. But don't worry, it wouldn't have been enough anyway.

Hi Ray,
I disagree with a lot, but I do agree with this:



There was not one line in the bill that outlined an increase in taxes to fund this $700B, nor were there any spending cuts outlined. So, the printing presses would have continued to print counterfeit (read: fiat) US$ out of nothing, backed only by the "full faith and credit" of the USA. I'm a 29 y/o gold bug b/c I can see the handwriting on the wall of all fiat currencies.

The rejection of the measure was probably all political posturing, and I'm sure it will pass eventually. The majority was slim, they'll vote again.

And I guess I should follow up with this:

People have different opinions, and that is great. I'm not out to change anybody's mind, and it's unlikely that anyone will change mine. That being said, I think we can all probably agree on one thing. No matter how we vote, we're pawns, and really have little to no control over how this all plays out.

True, we're all suckers to those bastards in Washington, but do I understand your predicting the collapse of all world currencies, and that gold will be the only currency of value?

Not that it would effect world economy , but have you been watching the banks' shares? In Europe, I mean. Ouch !!!