Galt Stock

Independent Investment Research for IRA’s and 401K’s

Nov. 24, 2008 

One of the papers I like to read online is “Asia Times”.  The article with the highest readership last week titled “The Evil of the U.S. Dollar”, argues that the Middle East should not take dollars for oil.  Since we do not back our money with gold, and the FED and Treasury are inflating the dollar to the tune of $2 trillion per week this view may gain traction.  You can view the entire article here  http://www.atimes.com/atimes/Global_Economy/JK21Dj05.html .  The fourth most popular article argues that the U.S. should issue treasury bonds in foreign currencies since the Dollar is doomed to devaluation because of the threat of inflation of the U.S. Dollar.  You can read about OH! BAMA! Bonds here http://www.atimes.com/atimes/Japan/JK19Dh01.html .  Street Tracks Gold Trust (GLD) is up 10.1% in the last two trading days!  You may want to consider some precious metals as an investment.

Oh! Bama! had a press conference this morning behind an official podium with an “Office of the President-elect” sign on it.  The major networks are anxious to heap praise on his intelligence.  He has filled his future cabinet with people that are truly “genius”.  I had an evil thought.  I wonder if Hillary will make it to the end of his first term.  I do believe he is shrewd, he appoints her to the cabinet, she resigns her Senate seat, he fires her, she goes back to Bill to live happily ever after, and just fade away.  What poetic justice.  We shall see. 

WARNING:    The information presented in this newsletter is based on generally available news releases, corporate filings, current events, interviews and the editor’s opinions.  It may contain errors and you should not make investment decisions based solely on what you believe you have read here.  Do your own research, it’s your money.  If you lose it, it’s your responsibility, not ours or your grandmothers!  The editor may or u amay not have a position in any securities discussed.  The editor may have held a position in a security earlier, or in the future.

HOME