Dollar Will Weaken, 3 Sectors Will Rule: Strategists

[Hugh_Hoy]

I agree with almost all that you note above. A friend and I did some serious consideration relating to the purchase of a couple of fast-food franchises. (He already owns four pizza joints.) However, based on the continuing poor economy and uncertainty of what the current Congress and Administration will do, we've tabled those discussions.

 

Being in California, odds are stacked against you enough without a layer of Federal disincentives. Primary concerns included the uncertainty of the impact of health care contributions employers may have to make; investment credits; corporation/personal income (and in my case) death taxes, and capital gains taxes. My friend jokingly suggested that instead of investing in a couple of new franchises, that I might want to buy a couple of his pizza parlors. 55555555555 I reminded him that my Weight Watchers group would not be sympathetic to my wayward tendencies if I did that. 555555555555

 

Bottom line is, you are right. Few in their right mind would start up or expand a business with the economy in the shape it is in right now and with the people who are currently in Congress and the Administration. Business and socialist policies don't get along well.

 

The only thing I would not agree with is that the economy would be "smokin' hot" right now absent the current Federal Government leadership/czars. I do agree, however, we can always "hope for change" that we can believe in so that the economy will improve much, much faster without a legacy of continuingly more and more taxes and reduced services to the general public (ala California).

 

Bottom line: investing in a Pattaya beer bar would be safer than a small biz in the U.S. right now.

 

HH

[jitagawn]

To HH-I hear you but finger pointing is useless. ALL of the admins have been corrupt and lackeys of the FED and banking cartels. For decades the US has been an oligarchy run by Wall street that is aided and abbetted by the Congress regardless of the a party. Bubbha if you think the republicans are any better read David Stockmans ( I believe that is his name)recent articles on the Reagan admin and the wheels set in motion.he was I beleive assistant treasury sec under Reagan.

My Dad was in washington and worked withPres. Johnson and Pres Kennedy and as I kid I remember his descriptions of the hypocrisy and corruption.

 

YES I am seriously disappointed in Obama and yes I voted for him but to think a party change will help is a foolish concept.

Yes Gov is too big but its the link between Congress, White House, wall street, the Fed (which is not federal and has no reserves that is taking us down. Plus those pesky wars...

The US is a fading empire and everyone knows it.

We may be able to turn it around but its looking bleak bubbha bleak.

Bkk is nice though and Thai politics look kinda good to me:)

[jitagawn]

PS The WORLDWIDE banksters are in the process of de valuing paper assets vis a vi the endcourse destruction of fiat currency.

Years ago I told everyone on here to buy gold it was I believe um about 400$ then later 610$ even at 800$ People are sheep herding into the long bond for "safety"clutching their pathetic slips of printed paper that are being marked down as we speak.

Wake up American sheeple.

[cavanami]

PS The WORLDWIDE banksters are in the process of de valuing paper assets vis a vi the endcourse destruction of fiat currency.

Years ago I told everyone on here to buy gold it was I believe um about 400$ then later 610$ even at 800$ People are sheep herding into the long bond for "safety"clutching their pathetic slips of printed paper that are being marked down as we speak.

Wake up American sheeple.

Well put!!!

[Sporty]

PS The WORLDWIDE banksters are in the process of de valuing paper assets vis a vi the endcourse destruction of fiat currency.

Years ago I told everyone on here to buy gold it was I believe um about 400$ then later 610$ even at 800$ People are sheep herding into the long bond for "safety"clutching their pathetic slips of printed paper that are being marked down as we speak.

Wake up American sheeple.

 

I agree, nothing short of a "Tea Party", and real people power, will change the tide.

 

The Glitter or Gold, will be in the near future, for sure.

 

Little known fact, do you know, in the Health Care Bill, is a provision, that any transaction of more than $1000 in Gold or other precious metal (buy or sell), must be reported to the Federal Government.

 

 

Gold Coin Sellers Angered by New Tax Law

Amendment Slipped Into Health Care Legislation Would Track, Tax Coin and Bullion Transactions

 

629 comments By RICH BLAKE

July 21, 2010

Those already outraged by the president's health care legislation now have a new bone of contention -- a scarcely noticed tack-on provision to the law that puts gold coin buyers and sellers under closer government scrutiny.

 

California authorities investigating Goldline's sales practices.

 

More PhotosThe issue is rising to the fore just as gold coin dealers are attracting attention over sales tactics.

 

Section 9006 of the Patient Protection and Affordable Care Act will amend the Internal Revenue Code to expand the scope of Form 1099. Currently, 1099 forms are used to track and report the miscellaneous income associated with services rendered by independent contractors or self-employed individuals.

 

 

(more)

 

http://abcnews.go.com/Business/gold-coin-dealers-decry-tax-law/story?id=11211611

[LizardKing]

More economic rocket surgeons here.

 

You might as well base a currency on Tulip bulbs. Hell, Pacific Islanders did it on sea shells. Gold has no value other than what humans give it, just like currency. Most gold is not controlled by the US so you are potentially putting our future in the hands of our enemies. There's not enough for modern economies. The artificial limit and control allows a small group to control the economy.

 

It's fantasy. You're just pining for some time in the past you think was better.

 

Here's a better idea: vote for people who aren't idiots so we'll have a strong currency. The advantage a fiat currency has over gold is that while both can be corrupted, fiat currency provides more tools to *honest* currency handlers to manage the system. Society is not based on the material. It's based on trust, justice, fairness, and cooperation. Those are the things that create the environment for a healthy modern economy that generates far more wealth than any old style economy. Once you lose those things you lose your economy. So work on keeping those things. Don't take solace in a past that never was.

[Steve]

Damn I sound like a pessimistic, cynical prick, but I'm a firm believer that a great economy. If we rebound and have a '90s style heating up of the economy, we're still gonna be in the sh*t.

Why? We will simply spend it. The tax revenues that is. Oh, we'll make some weak attempt to pay off some of the debt and retire a token amount of the t bonds out there but we WILL spend it.

I don't care who is in power. The only difference between the Republicans and Democrats is WHAT they spend it on.

The Dems will spend it, that's for sure. However, can the Republicans on here tell me with certainty that if both houses of COngress had a clear, fillibuster proof Republican majority and a Republican president that the money would not be spent?

My guess is defense would get a good chunk of it. I know we had the base closings and such in the '

90s but wasn't it the Dems who pushed for a lot of that? I can't recall. In any event, it will be spent.

 

There would be an increase in pork barrel spending. Investments into this or that or the other to the tune of billions. The machinery that works behind the scenes: lobbyists, special interests, etc. will still be there.

That's what needs to change (or rather eliminated) for us to get out of this mess and its a very deep mess. Also, the very culture of Americans have to change. We have to become more like the Japanese and be savers. When or if the economy heats up again and getting credit becomes easier for everyone, incluing the poor and working class, Americans will overload...again...and again. Its cultural. Also the government doesn't want us to save. They (and businesses) need Americans to spend. Its what fuels the economy so they really don't mind easy credit. The more we save, we won't buy a bigger car, another television, the new electronic gadget, etc. or we won't buy as much.

 

In any event, my main point is if the economy rebounds, it will be a good thing obviously but that in of itself won't save us. Its simply delaying the inevitable.

[cavanami]

The US gov MUST take control of the money, Not the Federal Reserve!

This is the 1st step, IMO.

 

Second, eliminate lobbyists (YES!!!)

 

Third, bring the troops home and no more silly wars like Afghanistan!!

 

Fourth, deal with the illegals. Deport them from the USA at THEIR home countries expense!!!

 

Fifth, IRS, tax reform, a REAL one.

 

Sixth, get control of the industrial/military complex.

 

Seventh, just the US gov taking control of the money supply and not the Federal Reserve will save a mountain of money (what did I hear, $20B a month?)...use the savings to rebuild the infrastructure in the USA; roads, bridges, etc.

 

Eighth, prosecute these traitorous politicians, from the top on down, that have been selling out the USA (NAFTA and all the bullshit bailouts)...

 

These eight items will keep the USA busy for a few years...

 

[shygye]

How can putting a bunch of politicians in charge of the money supply save money?

[Old Hippie]

"...Seventh, just the US gov taking control of the money supply and not the Federal Reserve will save a mountain of money (what did I hear, $20B a month?)...use the savings to rebuild the infrastructure in the USA; roads, bridges, etc..."

 

 

We are rebuilding a new bridge here in SFO, we are told we need it because part of it collapsed 21 years ago? Great idea right? get Americans working...trouble is, the steel is coming from China, and you know how much I trust them. Now if we get American industries working again, ok.