Asset Management Tips

Well, this is true for mere mortals like you and me, but for a government that embraces a fiat currency and a central bank that will multiply money at will, this is not a problem, and it never will be; they can get all the money the need, and all the money they want, anytime they want! Hell, they could pay off the national debt in one day if they wanted to! Hahaha!

For me, it's all about the money and how all of this spending will be accomplished by a brain-dead Federal Reserve creating the money out of thin air so that the government can borrow it, and how all of this money will drive the national debt up more and devalue the dollar even more, which makes consumer prices go up, and then I have to spend a lot more of my Valuable Mogambo Time (VMT) answering the phone and listening to my brothers and sisters and mom and dad and aunts and uncles wanting to borrow some money from me because prices are so high that they cannot afford any food, and I tell them, 'Well, sell some of your gold that I have been yelling at you to buy for years and years!' and they say that they didn't buy any, but they wish they had, and then I tell them, 'Well, similarly I am not going to give you any money, but I will wish I had! How about that, moron?'

But the worse news is that this 'military Keynesianism', which is 'a policy embraced with equal fervor by both parties in Congress', will not even work. read more

THE Australian dollar was lower at noon in a slide which started on Friday on the back of poor US jobs data.

At 12noon (AEDT), the Australian dollar was trading at $US0.8733/35, down from Friday's close of $US0.8811/16.

During the morning, the domestic currency traded between a low of $US0.8705 and a high of $US0.8740.

The Australian dollar lost ground on Friday night when US non-farm payrolls showed the country added 18,000 jobs in December, the weakest jobs growth in more than four years and well below market expectations of a 70,000 increase.

In more bad news, unemployment hit 5 per cent in December, in a sign US economic woes were beginning to widen beyond the sub-prime housing crisis and tight credit markets.

After bottoming out to $US0.8705 shortly after 7am AEDT, the Australian dollar lifted in line with the rising price of precious metals, according to CMC Markets FX dealer Tim Waterer. read more