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OT: Coal & the dollar

You're right, it's hypocritical. But it also says that Buffett a) knows it's futile[*], and b) thinks he can spend the money more wisely than the government. In fact Buffett thinks so little of government's goodness that he'd rather give all his money away than pay tax, as shown by the fact that that is what he is, in fact, doing.

[*What's the net worth of all America's billionaires lumped together, a few hundred billion? We could seize it all and it'd be gone in up the federal government's nose in 4 months or less.]
Reply to
dagmargoodboat
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Pretty amazing how bad it has gotten. All the old communist countries are moving to capitalism and we are heading toward communism.

Sucks, right?

tm

Reply to
tm

I'd rather see the country run by the party of "NO" than the party of Gimme! Gimme! Gimme! Gimme! Gimme!

Problem with the party of "NO" is that they've forgotten about the Separation of Church and State.

Jesus is purported to have said, "Throw the money changers out of the temple!" I say, throw the priests/preachers/rabbis/imams/gurus/etc. out of the capitol!

Thanks, Rich

Reply to
Richard the Dreaded Libertaria

I have no idea how to invest at that level. We bought the building for our business, when the market was way down, and personally we bought a cabin and some land in the mountains, as a family compound. We had to forego some number of fancy cars, Princess cruises, fine dining experiences, and vacations in Las Vegas to make the down payments.

Americans seem to have backed off from that debt-fueled lifestyle. I wonder if it will last.

Opposite extreme, from this morning's NYT:

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Now *that's* scary.

We get the Times delivered here on Sunday. The SF Chron is such a stupid rag lately. Eventually the entire country may only have a few good newspapers.

John

Reply to
John Larkin

year.

I had an insight today, probably not original: inflation is society's punishment for not investing productively.

John

Reply to
John Larkin

Been that way since "good ol FDR" stole our gold.

Reply to
Robert Baer

Thanks, Robert. I'll check those out. Were you happy with their E-stocks so far? Reason I ask is that so many commercial property REITs go sour.

--
Regards, Joerg

http://www.analogconsultants.com/

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Reply to
Joerg

That story was in the Sacramento Bee. Pretty sobering. We will have to face some of those realities soon and maybe adapt our lifestyle to something simpler. Well, us regular folks, that is. All the while certain others collect super-fat pension checks on our nickel.

Or the Internet just takes over.

--
Regards, Joerg

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Reply to
Joerg

I have had OPRE aka O-PRE aka ?? (depends on where you look) in one account since Dec 2009, it pays about 7%/yr on a monthly basis, there are no options for it, and the dividend is quite reliable.

Like in any investment in stocks, buy when it/they are low (cheap) preferably disliked (makes them less expensive), preferably hated (cheaper yet) and...mentally put a trailing stop loss of (say) 15% so if there is a glitch, you will catch it...use closing value for that. If everyone is going gaga over something, you can bet it is a bubble (that counts even for gold...just see what has happened recently).

Reply to
Robert Baer

A sustained 7%/year is pretty good. Sounds like a nice fund for income then. As long as there is not too much taxable selling going on inside the fund where you pay taxes on money you don't really receive.

Probably such funds are the only way to own real estate without the usual landlord hassles. Such as getting a call while on an assignment north of the Klondike and the renter or property manager telling that a water heater has just taken a major dump.

When the economy kicks back into gear many of those commodities might come back down because people move money back into the market.

--
Regards, Joerg

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Reply to
Joerg

[snip - china needs coal from the US ]

What a coincidence that China almost owns the FED. They can let the USD fall freely down to whatever and get the coal for a bag of glass pearls ...

Reply to
Rene Tschaggelar

How would they do that? And they are fighting, now, to keep the dollar up.

John

Reply to
John Larkin

Apparently they hold in the order of 2500 billion USD in cash. The higher the USD, the more it is for them, the lower it is, the more they loose. I guess the wish to have it up will stay for the next future. The next big creditor to the US is japan, they have they retirement funds in USD. Their interest is also a high valued USD. Both, by trying to have the USD up are paying for the debt of the US, which is not really tingling. At one point, they may become sick of paying the debt...

Rene

Reply to
Rene Tschaggelar

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-- Cheers, James Arthur

Reply to
dagmargoodboat
[snip]

Interesting... Treasury securities. Of the bigger holders, only China and Russia increased their valet, all the others decreased, part of them substantially.

Rene

Reply to
Rene Tschaggelar

No, that's backwards--China and Russia sold off holdings, while Japan, the UK (especially), and most everyone else bought US debt. Loads of it.

-- Cheers, James Arthur

Reply to
dagmargoodboat

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