Comments on: Blame Game, Redux

By: TDL

TDL — Sat, 11 Oct 2008 18:05:36 +0000

I have not read deep enough into it, but how would tax havens be at fault in this whole fiasco?

Regards,
TDL

By: Andrew Abraham

Andrew Abraham — Sat, 11 Oct 2008 17:55:42 +0000

Interesting post.. but myself and the members of Myinvestorsplace.com think …it is our fault.. we have debatted this on chats…over the last several months… it really has been just common sense… how can banks lend to people who can not pay them back.. how can a bank lend to a company that will buy a company at an crazy valuation …thinking they can sell the company to the next company for even more money…it really was ridiculous..
regardless… of the blame.what do you suggest we do to protect our capital… this has been the biggest discussion at myinvestorsplace.com over the weekend… we would appreciate your thoughts…thank you in advance..

By: David Merkel

David Merkel — Sat, 11 Oct 2008 14:25:55 +0000

VT — good point. If they decide to monetize the debt, cash in a money market fund will keep pace, but gold will be better. I think Ben Bernanke will do that when all other options have failed.

By: VT

VT — Sat, 11 Oct 2008 13:45:42 +0000

” Nothing beats cash”

“Nothing” is a very big word as is “always” and “never”.

I wonder when Gold surpasses cash.

Thanks for your blog. Breath of fresh air.