Comments on: Readers’ Thoughts on the U.S. National Debt http://www.iconoclast-investor.com/2008/11/09/readers-thoughts-on-the-us-national-debt/ An investment blog that is NOT always part of the herd Thu, 18 Mar 2010 19:49:04 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: L.K. Moore http://www.iconoclast-investor.com/2008/11/09/readers-thoughts-on-the-us-national-debt/comment-page-1/#comment-1341 L.K. Moore Sun, 16 Nov 2008 14:55:01 +0000 http://www.iconoclast-investor.com/?p=833#comment-1341 Sir, I do appreciate your research and your letter. However I do get weary of the advertisements and "resting on your laurels" of past successful winners. I know you sell a newsletter but come on there have been many failures. I bought some of them. This is unprecedented I understand but being 59 and wanting to retire I don't have twenty years to recover. Perhaps, if I quit smoking? My father who was a "roughneck" (oilfield) with very little cash always told me to buy when the people are selling!! It has served me well. I sold a company I spent 27 years building. Almost went down three times but was successful because I stayed debt free. My wife and I only bought what we had the cash to buy and if we wanted it bad enough we "saved". What a novel thought! Now we try and teach our children and grandchildren the same principals. I am not concerned about Warren Buffet, nor Barack Hussein Obama. I am responsible for me and my families survival. Thank goodness God is in charge. Best, L.K. Moore Texas Sir,
I do appreciate your research and your letter. However I do get weary of the advertisements and “resting on your laurels” of past successful winners. I know you sell a newsletter but come on there have been many failures. I bought some of them.
This is unprecedented I understand but being 59 and wanting to retire I don’t have twenty years to recover. Perhaps, if I quit smoking?

My father who was a “roughneck” (oilfield) with very little cash always told me to buy when the people are selling!! It has served me well. I sold a company I spent 27 years building. Almost went down three times but was successful because I stayed debt free.

My wife and I only bought what we had the cash to buy and if we wanted it bad enough we “saved”. What a novel thought! Now we try and teach our children and grandchildren the same principals. I am not concerned about Warren Buffet, nor Barack Hussein Obama. I am responsible for me and my families survival.

Thank goodness God is in charge.
Best,
L.K. Moore
Texas

]]> By: Alice http://www.iconoclast-investor.com/2008/11/09/readers-thoughts-on-the-us-national-debt/comment-page-1/#comment-1324 Alice Sun, 16 Nov 2008 05:21:59 +0000 http://www.iconoclast-investor.com/?p=833#comment-1324 Bailouts will not work. It is like throwing good money after bad. Have we not learned our lessons about debt?. The gov is intervening in the natural free market forces, thinking politicallly that it will help them get re-elected. In so doing, the economy gets worse. It is a change alright from bad to worse. It will lead to high inflation and debasement of the dollar or a depression. The more bail out there is, the less purchasing power of that dollar in your wallet. So as a consumer, and with cost of goods skyrocketting, I will just shut my wallet and buy only what my family and I need. Let those failing businesses fail or file bankruptcy. That is the natural free market forces. Lower taxes across the board, individuals and corporations is the right thing to do. Let us just hope Obama will change his mind of taxing corporations heavily that will surely kill jobs. Jobs is what we need to have more of, not bail-outs of banks, lenders, financials and corporations who led is into this mess to begin with. I am an investor. If my taxes on dividends, interest and capital gains will be raised. I will get out of the market or make sure I do not earn any interest or dividends or capital gains. There is no incentive to invest anymore. The hope of the bail-out is to thaw the frozen credit markets, let the banks lend again to each other or to consumers. But who or what kind of consumer will borrow, those whose houses are in foreclosure?, those who lost their jobs?, those retired seniors whose pensions were decimated by the fall of the value of the stock market to less than 50%? Banks will not or should not lend to these types of borrowers, if any. So it is a stalemate. Bailouts will not work. Bailouts will not work. It is like throwing good money after bad. Have we not learned our lessons about debt?. The gov is intervening in the natural free market forces, thinking politicallly that it will help them get re-elected. In so doing, the economy gets worse. It is a change alright from bad to worse.
It will lead to high inflation and debasement of the dollar or a depression.
The more bail out there is, the less purchasing power of that dollar in your wallet. So as a consumer, and with cost of goods skyrocketting, I will just shut my wallet and buy only what my family and I need.
Let those failing businesses fail or file bankruptcy. That is the natural free market forces.
Lower taxes across the board, individuals and corporations is the right thing to do. Let us just hope Obama will change his mind of taxing corporations heavily that will surely kill jobs. Jobs is what we need to have more of, not bail-outs of banks, lenders, financials and corporations who led is into this mess to begin with.
I am an investor. If my taxes on dividends, interest and capital gains will be raised. I will get out of the market or make sure I do not earn any interest or dividends or capital gains. There is no incentive to invest anymore.
The hope of the bail-out is to thaw the frozen credit markets, let the banks lend again to each other or to consumers. But who or what kind of consumer will borrow, those whose houses are in foreclosure?, those who lost their jobs?, those retired seniors whose pensions were decimated by the fall of the value of the stock market to less than 50%? Banks will not or should not lend to these types of borrowers, if any. So it is a stalemate. Bailouts will not work.

]]> By: Gilbert Schwob http://www.iconoclast-investor.com/2008/11/09/readers-thoughts-on-the-us-national-debt/comment-page-1/#comment-1167 Gilbert Schwob Sun, 09 Nov 2008 21:17:10 +0000 http://www.iconoclast-investor.com/?p=833#comment-1167 I am afraid that, in a way or another, dollar will be depreciated. And this cannot be done the way Greenspan used to do: pace after pace. It has to be done abruptly and the sooner the better! But will the other Nations agree? I am afraid that, in a way or another, dollar will be depreciated. And this cannot be done the way Greenspan used to do: pace after pace. It has to be done abruptly and the sooner the better!
But will the other Nations agree?

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